Chapter 211 The beginning of the run on Liao Chong Hing Bank
Yang Wendong’s wife gave birth to a boy, and this matter soon began to spread among a small class circle in Hong Kong.
The next day, several groups of people came to visit. Zhao Liming, Lin Haoyu and their families were naturally the first group, and several of his business executives were the second group.
After that, there are several business partners with whom we have more cooperation.
Yang Wendong also greeted the guests happily, and after they left, he went to look after the children.
But he also discovered a problem: in this era, there were no diapers yet, and they all used diapers.
A few days later, Hong Kong's famous private hospital: Sanatorium and Hospital.
Yang Wendong holds the baby in his left hand and feeds the baby with a bottle in his right hand.
“Drink more.” Yang Wendong said with a gentle smile.
In the past few days, he has been staying in the hospital to accompany Su Yiyi and her son. As for the company, there are also managers. It will not have much impact if he comes a few days late. The company is in the right direction. They They are all operating according to their own requirements.
After a while, the baby fell asleep while drinking milk, and a nanny immediately took the baby away.
At this moment, in the hospital, in addition to Yang Wendong and Aunt Guo, there are three nannies who are constantly taking care of several people.
Su Yiyi also recovered somewhat, but her face was not very pretty. Yang Wendong stepped forward and said, "How do you feel?"
"Much better." Su Yiyi smiled and said, "We The baby is so beautiful.”
“Of course, with your genes, it’s certainly not bad.” Yang Wendong smiled.
Then he glanced at the baby sleeping on his side. The side of his face really looked like Crayon Shin-chan's arc.
A week later, Su Yiyi and her son returned to their home, where preparations had been made to take care of them.
Yang Wendong naturally spent more than half of his time with them, watching his children grow up gradually. The joy in his heart was even happier than earning tens of millions of Hong Kong dollars.
June is coming soon.
Yang Wendong once again came to the highest floor of Hong Kong China Building, where Changxing Real Estate is located.
"Is the Geely Building almost ready?" Yang Wendong asked after seeing Zheng Zhijie: "When I just passed by, I saw that the main building has been completed."
Zheng Zhijie said: "Yes, the main building has been completed , the decoration is almost done, it was all done simultaneously before, now office supplies, tables and chairs are also coming in, that is It still needs to wait for about a month, the smell inside is a bit strong.”
“Well, it’s summer, and the smell will dissipate quickly.” Yang Wendong nodded and asked again; “No, here at Hong Kong China Building. Isn’t that enough?”
Hong Kong China Building now has four business departments, namely: newspaper, radio station, real estate and shipping.
In the early days, several companies were just getting started, and there was still a lot of idle space. However, over the past year or so, several companies have experienced explosive development, and the number of employees has also increased sharply;< br>
Moreover, the headquarters office of the entire Changxing Group is also here, which makes it even more crowded.
Zheng Zhijie nodded and said: "Yes, now we are waiting for Geely Tower."
"Well, how are the communities in Causeway Bay and North Point?" Yang Wendong asked again.
"We are already preparing to sell off-the-plan properties." Zheng Zhijie hesitated and said, "In the past few months, real estate prices have dropped a bit. I am wondering whether I should wait any longer."
"No need to wait, as long as we don't lose money, funds need to flow." Yang Wendong said nonchalantly.
Although there was a bull market from 1958 to 1964, a long-term bull market does not mean that real estate prices will always rise on average. To be precise, they will rise as a whole amid constant fluctuations.
This was the situation in 1961. At the beginning of the year, everything was fine, but in April, real estate prices could not rise. In May, there was a slight decline, and the magnitude was larger than usual. It was so big that it even caused panic in the market.
But it is actually normal. From 1958 to 1960, land prices in many places almost tripled. This continuous rapid growth will always stop for a while for various reasons. After a while, investors Once you get used to it as a home buyer, you will increase your investment.
This is a normal self-regulation of the market.
Zheng Zhijie added: "There is another thing. At the beginning of this year, the boss behind the Nirvana Building in Tai Kok Tsui failed to invest elsewhere, causing the entire building to have a financial breakdown.
In the end, the owner added more money to build the house. This incident caused heavy losses to the two banks. The Hong Kong government has prepared legislation to restrict pre-sales of pre-construction properties, but it is not yet known how to restrict it. ”
“It’s better to have some restrictions. "Yang Wendong didn't care, and said: "Although after the restrictions, it will not be so easy for us to use higher leverage to make money, but the entire real estate market will be much more stable, which will be good for us in the long run. ”
Although Hong Kong was the first to invent the pre-sale of uncompleted buildings, from the 1960s to the new century, there were not many unfinished buildings.
On the one hand, it is because house prices are indeed rising fast. In this social environment, it is difficult to even think about unfinished properties.
In addition, in order to avoid financial risks and possible social unrest, the British Hong Kong government began to legislate to restrict unfinished properties after the initial appearance of unfinished properties. < br>
A certain apprentice failed to learn this well, which eventually led to a certain Xu who owed a huge debt.
Zheng Zhijie said with a smile: "Okay, then I will conduct the normal auction of the off-the-plan property first. Before the Hong Kong government's policy comes out, we can still recover the funds early."
"Yes, okay." Yang Wendong asked again: "Have the land prices in Kwun Tong also dropped?"
Zheng Zhijie said: "It is different from other places, maybe because of Changxing Industrial's Ten Thousand People Industrial Park;
Although the current economic benefits are not high, real estate developers will brag that with the future potential, local land prices can still be stabilized. Land prices near our factory are still rising, and many people have already Started a business as a factory construction worker ”
Yang Wendong nodded and said: "Okay, don't worry about the fluctuations in the real estate market now. It's the same as before, and the land price is a little lower now. You have to try to buy more properties."
"No problem." Zheng Zhijie He agreed, and then said: "Yang Sheng, one more thing. Although the Geely Building is almost completed, with the development speed of our group, I estimate that in one or two years, the existing office space may be It’s not enough.
So I think we’re going to build another building nearby, and the land has been purchased.”
“Okay,” Yang Wendong naturally agreed, “We’ll use it once it’s built. No, it can still be rented out. "It will be a hurdle in 1966, but it is impossible to acquire unlimited land in Central even in 1966. If you want to acquire properties or land here, it will take a long time to operate and wait slowly. Chance.
Of course, direct acquisition of companies that own properties in Central is also a way. However, most of those who can own properties in Central are British giants, and a small number of them are also newly emerging Chinese giants. It will also take time to wait for such an opportunity. .
“Okay, I’ll show it to you when the design drawing comes out.” Zheng Zhijie said with a smile.
Yang Wendong nodded, and then said: "Old Zheng, let me give you another task. You, let me check the status of all the assets owned by Liao Baoshan;
The Liao family's real estate company is not listed. The company also uses funds from its own bank. In addition to a few central buildings that everyone knows, I also need to know other information. "
According to the original history, there will be a run on Liao Chong Hing Bank in mid-June. , just because of his appearance, Yang Wendong does not know whether history will change or whether the run on Liao Chuang Hing Bank will be postponed.
However, there is a high probability that it will happen, because with Liao Baoshan's style of play, as long as there is a problem in the real estate market, it will inevitably explode, and now, there is also a problem in the real estate market.
This kind of problem is not a big problem for ordinary real estate companies. They can make some money at most, but it is fatal for companies with particularly large leverage. And the Liao family's real estate company has always been hung on leverage. It never hit the ground.
"Okay." Zheng Zhijie didn't know why the boss wanted to investigate, so he could just do it himself.
The time soon came to June 12th. On this day, Zheng Zhijie brought the information he had researched for a week: "Yang Sheng, these are the main properties currently owned by Liao Baoshan!"
" Let me take a look." Yang Wendong immediately put down the financial information in his hand, took it, looked at it for a while, and said with emotion: "There are so many properties, the total area looks like five to six million square feet, right?"
"Absolutely." Zheng Zhijie nodded and said, "This is just what I found, which is actually some semi-public information.
Liao Baoshan once publicly claimed that his assets have reached hundreds of millions, although it may be exaggerated. It's enough, but I estimate it's still tens of millions.
Outsiders don't know how much money he owes his bank for these properties. These are top secrets. It is said that there is no one inside the entire Liao Chuang Hing Bank. "A few people know."
"It's about the same." Yang Wendong nodded and said, "The deposits of Liao Chuangxing Bank are estimated to be two to three billion, which is second only to Hang Seng in East Asia."
"Yes." Zheng Zhijie also said: "And Liao Baoshan is really very business-savvy. In the past, all banks valued rich people, or at least senior employees of large companies.
Only he thought of gathering the wealth of the lowest level citizens, and in just ten years, he made Liao Chong Hing Bank bigger and became the top Chinese-owned bank in Hong Kong. "
Yang Wendong agreed and said: "Yes, his ability must be very strong. This move can be regarded as overtaking other banks in a corner.
But he is too greedy. If he does banking business normally, that would be no problem. But if he uses so much bank funds to do his own real estate, it is like walking a tightrope on a cliff. If he is not careful, he will be shattered to pieces. ”
Not to mention a normal person, even a time traveler like Yang Wendong, if he opened a bank, he would not dare to invest the bank’s funds in the real estate industry on a large scale.
Even if he knew the future trend, But during the upward trend, there will also be declines, and you may lose money if you are not careful
For ordinary real estate companies, it doesn't matter if they lose a little, but banks cannot. This is determined by their inherent characteristics.
Zheng Zhijie asked cautiously: "Yang Sheng, do you mean that the rumors about Liao Chuang Hing Bank in the past few days will cause it to have problems?"
"It is very possible. "Yang Wendong said with a smile: "Even if there is no problem this time, Liao Baoshan's gameplay will definitely not last long."
With the sluggishness of Hong Kong real estate in April and May, many people were worried about the previous increase in housing prices. The market is too powerful and we are holding on to the sidelines, which has resulted in many properties being unsaleable.
In the case of leveraged lending, one unsold item may cause the capital chain to break, which may affect other businesses within the same company, causing a domino effect.
Many of Liao Baoshan's developers have encountered such problems when developing properties, and there are already a lot of gossips on the market.
Zheng Zhijie frowned and said: "If there is a problem with Liao Baoshan's real estate business, it is very likely that it will affect his bank."
"Yes, so I told you to All the deposits were transferred," Yang Wendong said.
Today they still have a lot of cooperation with Liao Chuangxing, all of which are loans.
All deposits will be cleared this year. For this reason, Liao Liewen also found Yang Wendong and wanted Changxing Group to use the account in Liao Chuangxing Bank as a public account. Of course, he did not agree.
Zheng Zhijie also somewhat understood the boss's intention, and said, "Then what do we need to do?"
"No need to do anything, just wait." Yang Wendong shook his head and said.
It was inevitable to happen in history, so there was no need for him to do anything more. After all, Liao Chuang Hing Bank had helped him in the early days, and Liao Liewen and he were half friends, so there was no need to do anything. .
Even if he can save Liao Chong Hing Bank, he is still willing to save it, as long as he can also get some benefits.
Unfortunately, this hole is too big. Once the bank is run, even throwing in tens of millions of cash will not be enough. The only people who can save Liao Chuangxing are the Hong Kong government or banks with high credibility like HSBC and Standard Chartered. .
"Okay, I understand." Zheng Zhijie nodded and said.
……
The time soon came to June 15th.
There are more and more rumors about Liao Chong Hing Bank in the market, and they are becoming more and more outrageous.
The Liao family also immediately came out to refute the rumors, but it was no use. More and more people came to Liao Chong Hing Bank to withdraw money.
On June 17, several newspapers exposed that Liao Baoshan had suffered huge losses when investing in real estate.
That afternoon, a large number of citizens crowded the intersection in front of Liu Chong Hing Bank, waiting in line to withdraw money.
The first run in Hong Kong’s history has begun.
(End of this chapter)