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Published at 25th of December 2023 05:15:32 AM


Chapter 371: 【White Knight】

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Chapter 371 【White Knight】

HSBC Building

At this time, HSBC’s accountants are studying the books brought by Li Guowei to determine whether Hang Seng Bank is worth investing.

From this point of view, HSBC has fallen short, because Wu Guangyao does not look at the books of Hang Seng Bank at all.

Li Guowei looked at this form, HSBC would not make conditions with him within a few hours;

couldn't help but said: "Mr. Sandus, our chairman has gone to China Everbright Bank to negotiate with Mr. Wu Guangyao, so you need to show your sincerity as soon as possible!"

HSBC executives were dumbfounded when they heard it. After a long time, Hang Seng Bank was betting on both sides!

"Soon, Mr. Lee, after all, it is such a big deal, we also need to be more cautious! We can negotiate first, while negotiating while waiting." Sundas said quickly.

"Yes! I don't know what HSBC's conditions are?" Li Guowei asked.

"With 51% of the shares, we'unlimited support' Hang Seng Bank to tide over the difficulties." Sundars said.

Hang Seng Bank’s original operating mechanism is not problematic. Hang Seng Bank’s disaster is not due to a business problem;

Instead, I am tired of the crowds!

After all, in the face of crowds, even HSBC will go bankrupt!

In fact, there is no bank in the world that can withstand the ‘sucking out’ run;

Unless certain national central banks that are not linked to gold and foreign exchange reserves, they can start the money printing machine at will;

This is because the total amount of liquidity of commercial banks cannot be equal to the total amount of deposits;

Otherwise, if the bank absorbs deposits and does not lend out the money, what can they use to support depositors’ interest?

At 8 p.m. that day, China Everbright Bank and Hang Seng Bank signed a share agreement!

At this point, China Everbright Bank already owns 40% of Hang Seng Bank's shares (Wu Guangyao's private shares were transferred to China Everbright Bank);

Although it is not an absolute holding, Wu Guangyao knows that Hang Seng Bank will choose to go public in the future, and then it will only need to absorb a certain amount of shares!

The veterans like He Shanheng are still there, but Wu Guangyao couldn’t help but directly merged the Hang Seng Bank into his subordinates;

But Wu Guangyao is young. When He Shanheng and others retire, Hang Seng Bank is not in the final say!

On February 7, in view of the turbulent run, the Hong Kong government issued an announcement: From now on, the maximum daily cash withdrawal for each account is 100 Hong Kong dollars; Circulate in the market to alleviate the contradiction of insufficient banknotes.

As soon as this announcement came out, it can only be said that the run was forcibly intervened, and the run was not really resolved.

Even if it is 100 Hong Kong dollars, facing tens of thousands of hundreds of thousands of depositors, the world is still wailing!

On the same day, a lot of money transport vehicles suddenly came to the door of the branches of Hang Seng Bank and the branches of Southeast Bank, which was wholly-owned by China Everbright Bank.

The money-carrying vehicle walked off with the bodyguards with the words “Leidun Security” printed on them. These bodyguards have live ammunition and are intimidating;

"Hey, a lot of cash!"

"God! Really a lot of cash, now we hope to withdraw our money!"

People talked a lot, and the joy on their faces was beyond words!

At this time, a bank employee came out and distributed some newspapers to some people;

Then some management staff shouted with a loudspeaker: "Dear citizens, the bank has received Mr. Wu Guangyao’s promise to provide ‘unlimited support’. Please read the newspaper, please don’t be crowded!"

"What, Shark bravely supports Hang Seng Bank infinitely. Does he have so much cash? He thinks he is the bank?"

"Didn’t he just open a bank? It says that Everbright Bank, which is owned by Shark, currently has 900 million Hong Kong dollars in cash flow and has dozens of tons of gold; all the depositors of Hang Seng Bank and Southeast Bank will be allowed Everyone gets their own cash."

"Let me see!"

For a time, the hall became lively, and everyone finally relaxed. As long as the God of Wealth promised, are everyone afraid that they won’t be able to withdraw their money?

Some people even see that there are too many people and think they will come back tomorrow to withdraw money;

There are also employees and family members of Wu Guangyao's companies. Seeing Wu Guangyao's appeal in the newspaper, they immediately dismissed the idea of ​​taking money.

The Hong Kong Government urgently summoned Wu Guangyao to go to the Government House for discussion;

When Wu Guangyao saw Sundars and the person in charge of Standard Chartered Bank, he knew that the Hong Kong government was looking for the White Knight.

Of course, this white knight is not doing it for nothing. To put it bluntly, it is to provide the white knight with the opportunity to buy those banks that are on the verge of failure;

And what the Hong Kong government needs is stability, not riots!

As for why it was called Wu Guangyao, Wu Guangyao guessed that this might be a temporary motive;

Because Wu Guangyao issued a statement today that China Everbright Bank has a cash flow of 900 million Hong Kong dollars, which is no weaker than the cash reserves of major banks.

The Governor of Hong Kong, David Tai, who took office last year, took the lead and said: "Please come three, everyone may know the reason. The continued spread of the run is not conducive to the stability of Hong Kong Island. Therefore, the Hong Kong Government wants to take the lead and let you unite and cope with the current situation. Situation. Everyone can fund and rescue some banks that are on the verge of bankruptcy!"

Sundus responded: “The Governor is right. This run is actually an unnecessary difficulty caused by a panic among the people. We at HSBC are willing to set an example.”

Wu Guangyao also said: “We, China Everbright Bank, are also willing to share the burden for the Hong Kong government. I am also willing to issue an announcement to our subsidiary companies so that employees and their families will not withdraw money temporarily so as to tide over the difficulties.”

The people in the room quickly reacted. Wu Guangyao’s employees are as high as tens of thousands. These people are the main force of depositors. As long as they take the initiative to stop the run, this is obviously a great effect.

"Well, with your help, I believe this storm will pass soon!" Dai Linzhi said happily.

When the three people left the Government House, Sundarshi and Wu Guangyao chatted outside.

"Mr. Wu, it seems that you have been prepared for the bank!" Sundars said seriously looking at Wu Guangyao.

Both are about 1.8 meters tall, but Wu Guangyao has a straight and energetic figure, and he is still dominant in front of Sundashi.

"It's not as prepared, but I have always had this idea! Sandus, we are in business, you are in my position, will you let this industry go?" Wu Guangyao said frankly.

"No! In fact, you can rest assured that HSBC supports you in entering the banking industry. This industry needs a powerful bank like us to regulate those non-standard banks." Sundas also said seriously.

It can be said that Wu Guangyao does not want to break up with HSBC, at least he does not want to be an enemy of HSBC before the 21st century;

HSBC can help oneself get some convenience on Hong Kong Island, Wu Guangyao can bring a lot of profits to HSBC, and Wu Guangyao can also bring HSBC's achievements to Sanders, so the three are complementary.

Sundus apparently also knows this truth, so the words indicate that HSBC is still Wu Guangyao's ally.

The next day, Dai Linzhi made a radio speech, stating that the Hong Kong government has strong financial resources and only temporarily lacks banknotes, but this situation can be alleviated immediately; now the major banks have united to cope with it together, and the Hong Kong government will serve as the backing of the banks; Therefore, I call on all citizens to cooperate with the bank and rely on your assistance to overcome the current unnecessary difficulties.

This move really played a big role;

After all, everyone still trusts the Hong Kong government.

In the morning, Wu Guangyao made some targeted remarks on Hong Kong Island Commercial Radio;

All employees of Wu Guangyao's company have heard Wu Guangyao's call:

"The cash flow of commercial banks cannot be higher than deposits, because the funds have to be loaned out to earn interest for everyone!"

"So I appeal to all the depositors of the following banks to ask you to tell your family members not to join this crowded farce."

"Any bank that really caused you losses, the company will compensate you!"

The crowd-raising incident finally subsided slowly!

Of course, it will take at least one year for the real calm down!

In other words, it will take a year for all the banknotes that have been taken out to be slowly deposited in the bank!

This is also the surviving bank, a depositor who is competing for it!

(End of this chapter)




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