Chapter 709: 709

"At present, the thorny problems facing Xiangjiang's economy are not only complex, but also very concentrated." Gao Xian said slowly: "the global economic recession, the depreciation of the Hong Kong dollar, the high interest rates in the banking industry, the collapse of both the real estate industry and the stock market, the contraction of internal consumption, the decline of corporate profits, the September 7th issue, and so on have put us in an unprecedented special period full of variables."

Shen Bi nodded with deep feeling, "Sir Gao is right. This situation is more dangerous than the destruction directly caused by the war. Just like in the 1960s, the crisis doesn't know when it suddenly comes out, and once it breaks out, it will be terminally ill."

Seeing Shen Bi's agreement with him, Gao Xian knew better, "I think the crisis of Xiangjiang banking industry is hovering around us, and there are at least two incentives. One is that the corporate profits are declining, and the debt level is too high, which is likely to cause large-scale bad debts to banks; the other is that individual banks operate in violation of regulations, resulting in their own deficit. Once the crisis breaks out, it will have a chain reaction and affect the whole Xiangjiang banking industry 。”

"I can understand what Sir Gao meant." Shen Bi pondered: "the first point should refer to the example of high debt operation such as Jardine's harmony, but the second point is whether it refers to Hang Lung Bank, which had a run on the bank not long ago, but it was a misunderstanding, and Hang Lung Bank responded properly and soon returned to business as usual."

It has to be said that Shen Bi and Gao Xian had a very tacit conversation, bypassing the Jianing commercial fraud that should not have been avoided and exposing the disadvantages of the current Xiangjiang financial field.

Shen Bi's biggest thought at this time is to hope that everyone will forget the disgraceful role played by dodoli and Huifeng bank in the commercial fraud case of Jianing; Gao Xian, who is also planning, will not stimulate Shen Bi.

What's more, Shen Bipo has a kind of meaning to Meet Sir Gao in this meeting. He agrees with everything. How can Gao Xian not give face.

"Sir Shen Bi thought that Hang Lung Bank had passed the crisis, but in the process of clearing the assets and debts of Yida and Zhong Wenwen, he found the figure of Hang Lung Bank, which is likely to make Hang Lung Bank fall into a state of eternal disaster." Gao Xian sighed.

Although Gao Xian and Gao Yi have conscientiously reminded that the outbreak of the Fifth Middle East war has added new violent turmoil to the situation in the Middle East, which will cause fluctuations in gold prices, there are still winners, including the century old Xie Liyuan gold shop.

The collapse of the Bretton Woods system, the world oil crisis, the depreciation of the US dollar and so on led to the continuous rise of gold prices in the 1970s. During this period, Xie Liyuan gold shop launched a business called "thousand foot gold deposit plan".

As we all know, there is a threshold for investment. For example, there are many conditions for opening an account with a securities company, not to mention gold, a valuable subject matter. Even if various economies have lifted the restrictions on private trading of gold, not everyone can participate.

The "thousand foot gold deposit plan" of Xie Liyuan gold shop has been carefully designed for this situation. Ordinary people can open an account in Xie Liyuan gold shop by buying only one money of gold, so as to meet the extensive psychology of preserving investment and taking small profits. It is very popular for a time.

There is nothing wrong with this business model, but Xie Liyuan gold shop has to face business risks. Especially after entering the 1980s, the gold price has been falling from the highest point, and the trend of shock is unpredictable. For example, after the outbreak of the Fifth Middle East War, the gold price soared in August, reaching 1500 US dollars with the "two" units commonly used in Xiangjiang gold market.

Xie Liyuan's gold shop overturned at this time. Due to the lack of gold reserves, it was forced to make up its position at a high level. As a result, it caused serious capital turnover failure and finally had no choice but to close down.

In the past few days, there was a rumor that Xie Liyuan's gold shop had a very close relationship with Hang Lung Bank. Therefore, some investors holding gold certificates issued by Xie Liyuan's gold shop heard the wind and went to the Yuen Long Branch of Hang Lung Bank to exchange their gold certificates for cash.

Hang Lung Bank naturally refused, resulting in new rumors. Rumors of problems in the payment capacity of Hang Lung Bank spread widely.

Hong Kong people are very sensitive to the problem that banks can not withdraw their deposits. In an instant, they flocked to many branches of Hang Lung Bank in Yuen Long, Sheung Shui, Fanling, Tuen Mun and other places to withdraw money.

That is, in one day, the cash withdrawn from Hang Lung Bank reached HK $70 million, forming a tide of withdrawal.

The banks in Xiangjiang that can live to the present have several brushes, big or small, at least they do not lack experience in dealing with crises.

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Zhuang Rongkun, the managing director of Hang Lung Bank, held a press conference at the central headquarters and solemnly stated that Hang Lung Bank had no financial relationship with Xie Liyuan gold shop. At the same time, he mobilized HK $200 million in cash from the head office to branches overnight; the next day, he mobilized HK $700 million in cash to meet emergencies. In addition, Standard Chartered and Bank of China successively issued statements of full support for Hang Lung Bank In the end, Hang Lung Bank successfully solved the squeeze at the cost of nearly HK $100 million.

The response in the circle was not surprising, because the branch of Hang Lung Bank that was squeezed was mainly in the new territories, and Hang Lung Bank responded in a timely and appropriate manner. The nearly HK $100 million cash that was squeezed was not unbearable for the bank. Besides, who opened the bank had never experienced the scene of squeezing.

Now, everyone thinks it's over, but when Gaoyi was liquidating Zhong Wenwen and Yida's assets and debts, it found new problems. Dalai credit finance company, a well-known registered deposit taking company in Xiangjiang, was involved, and Dalai credit finance company owed about 650 million Hong Kong dollars to 39 financial institutions led by the bank of America, Had to finally accept the fate of being wound up.

"Zhuang Rongkun, managing director of Hang Lung Bank, and Li haiguang, another director of Hang Lung Bank, are directors of Dalai credit holding company, the holding company of Dalai credit finance company." Gao Xian said in a heavy tone: "Dalai credit finance company should owe 800 million to Hang Lung Bank, and Xiangjiang local bank has always had a hidden rule, that is, bank directors can always get the bank's loans with chips far below the market level. I believe Hang Lung Bank is no exception. In addition, in the previous period of economic overheating, Hang Lung Bank lent excessively to the real estate industry. It has every reason to believe that Hang Lung Bank The actual operation of the bank is very bad. "

Hearing this, Shen Bi's face became heavy.

We should know that Huifeng bank is the quasi Central Bank of Xiangjiang. While enjoying various privileges, it must also perform corresponding obligations, including playing the role of final guarantor.

To put it bluntly, if Hang Lung Bank really collapses, Huifeng bank absolutely has no reason to watch and not make a move.

But now Huifeng bank is not clear by Shen Bi's "disaster", and the construction of the new headquarters building costs US $1 billion; the achievement of the business internationalization "triangle stool" strategy in North America - Haifeng Bank of America, draws blood in US $100 million; the Jianing commercial fraud case entangles caiduoli and Huifeng bank scandals; US banks with huge positive governance energy take the opportunity to secretly rip off

In a word, when it comes to "giving money", Shen Bi involuntarily starts to have a headache.

After thinking for a while, Shen Bi asked, "Sir Gao, how do you think you should deal with the malpractice of Hang Lung Bank, which may widely exist in the banking industry?"

Gao Xian replied without hesitation: "first of all, I think the association of banks and the financial secretary must clearly quantify an indicator, that is, the capital adequacy ratio of banks. According to the research results of Gao Yi, banks with a capital adequacy ratio of less than 4% must have problems in this special period, and the capital adequacy ratio of Hang Lung Bank must be less than 4%

After talking here, Shen Bi began to show his wishful thinking, "Sir Gao's insight has won everyone's trust. Favorable bank and Gaoyi bank are also industry models."

"Therefore, I think the favorable banks under Sir Gao should be allowed to assume more important industry responsibilities."

Speaking of this, Shen Bi accentuated his tone, "the Huifeng plan to elect a favorable bank as the chairman of the Xiangjiang Bank Association next year is just convenient for Sir Gao to rectify the problems just mentioned."

Upon hearing this, Gao Xian was stunned, because this was not what he expected. The chairman of Xiangjiang Bank Association has always been Huifeng and Standard Chartered in turn.

However, soon Gao Xian suddenly realized that although Shen Bi continued to agree with him on the surface, he actually had a way to help totoli and Huifeng bank and completely divert the attention of the outside world about his involvement in the scandal, that is, for the first time, let Yili bank be the chairman of Xiangjiang bank Association.

After thinking through this, Gao Xian smiled, "of course, you can't ignore the love and importance of Sir Shen Bi and Huifeng, but in the specific work, you can't do without the support of Sir Shen Bi and Huifeng."

Seeing Gao Xian's "Tao", Shen Bi laughed with satisfaction, "that's nature."

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