Chapter 435 The shocking effect of 50 million cash

Chapter 435 The shocking effect of 50 million cash

Fang Xianming asked tentatively: "Yang Sheng, are we going to acquire Hang Seng Bank?"

"It's a bit difficult." Yang Wendong shook his head and said: "I personally still believe that the Hong Kong government will not let Hang Seng go bankrupt. The impact will be too great, so I will invest first and get some shares before talking."

In fact, there is another point that is more important, and that is the current issue of unity among Chinese capital. In this era, we cannot say that all Chinese capital are friends, but there are still relatively few who are life and death enemies, because the enemy should be British capital. And everyone also cares about their reputation.

Even if he can save Hang Seng and then obtain the management rights of Hang Seng, the Chinese-owned groups in Hong Kong will reject him and think that he is taking the opportunity to annex, especially since He Shanheng himself has a very good reputation in Hong Kong.

Therefore, Hengsheng itself cannot be saved. The price is very high, but it is difficult to obtain control. It is completely outweighed by the gains. This is somewhat contradictory.

However, if it is just a stock investment, then it is not a big problem. Even He Shanheng may not necessarily think that he is adding insult to injury. After all, the risk is so high and there is no reward, who is willing to help you.

Fang Xianming said: "Okay."

Yang Wendong added: "In addition, try to keep a low profile and don't let the He family know, so as to avoid trouble. I am also preparing to separately increase capital and invest in Hang Seng, and the two parties will proceed simultaneously."

"Yes." Fang Xianming and Zheng Zhijie agreed.

In the following days, the run on Hang Seng Bank continued. He Shanheng also relied on his sufficient connections in Hong Kong to get back some of the loans from many customers who had previously taken loans, and then returned them to depositors

"He Sheng." An assistant came over and said: "The funds are not enough. More and more people are withdrawing money. Now the rumors about us are getting more and more outrageous. There are even rumors that you are planning to flee Hong Kong. ”

"Once a run occurs, it really has nothing to do with bank operations." He Shanheng said with a sigh.

The assistant said: "He Sheng, you are already very impressive at being able to get some of the funds back from so many borrowers. If it were an ordinary bank, I'm afraid it would have been unable to withstand the run."

Now there is not only one Hang Seng bank that has been run on in Hong Kong, but several other smaller banks have gone bankrupt. However, the Hong Kong government has been very slow to act, only saying that it will give an explanation to depositors; and this kind of reaction also makes ordinary people even more panic. , more and more people come to withdraw money.

He Shanheng sighed and said: "But it's still not enough. Please contact Yang Wendong and say that I agree to his conditions."

"Do you really want Yang Sheng to buy so many shares?" the assistant asked: "And 50 million Hong Kong dollars may not be of much use now."

"What I want is not 50 million Hong Kong dollars, but Yang Wendong's fame." He Shanheng said: "Although Yang Wendong is not willing to guarantee our Hang Seng Bank, his investment may help us persuade many high-saving depositors to give up withdrawals.

And even if it doesn't work, he has invested so much money and can't watch our Hang Seng collapse. With his ability, there may be other ways to help us get out of trouble. ”

"Okay." The assistant agreed quickly.

That afternoon, after receiving the news, Yang Wendong immediately took Fang Xianming and Zheng Zhijie to the headquarters of Hang Seng Bank.

He Shanheng also went straight to the topic and said: "Yang Sheng, time is urgent now, so I won't say any other kind words. I can agree to your investment, but I also hope that we can hold a press conference together;

I don’t need you to promise to cover your Hang Seng Bank deposits, but I hope you can express your confidence in Hang Seng Bank. ”

"Okay." Yang Wendong nodded and agreed.

Investing your own shares is actually a kind of confidence.

He Shanheng added: "The press conference will be held at the head office. When the time comes, I will invite reporters from Hong Kong media to come. As for Yang Sheng, you need to ask your people to move in a large amount of cash in front of the reporters."

"Cash? I don't have that much." Yang Wendong was stunned for a moment and said.

Although we are not yet in the Internet era, large-scale transactions are still done by check. It is not difficult for Yang Wendong to come up with a check for 50 million Hong Kong dollars. HSBC will also have to issue it to him; but cash? 50 million is too much.

He Shanheng said with a smile: "Yang Sheng doesn't need to worry about this, I have already prepared the cash."

"Do you have so much cash?" Yang Wendong also didn't believe it.

Having 50 million in the account and having 50 million in cash are two different things. According to rumors, Lao Li's son in his previous life was kidnapped and demanded 2 billion in cash, but Lao Li made it clear that the total number of banks in Hong Kong will only amount to 1 billion in the short term. .

Because most bank transactions are digital, the amount of cash that really needs to be prepared is only a fraction of the actual data. This is one of the reasons why banks are unable to withstand a run.

He Shanheng said: "No, but I can make people in the world think that I have it, as long as the depositors can see the appearance."

"Haha, He Sheng is awesome." Yang Wendong also gave a thumbs up.

Introducing your own funds is a trivial matter, and a mere 50 million is actually not enough for a run. However, if you have to create more momentum for your own shares, you may be able to stop many people from withdrawing money.

And once the run gradually disappears, it will return to normal.

But this is also a gamble. If you succeed, you will get rid of the difficulties. If you lose, you will still fall into the previous situation. In the end, I am afraid it will be acquired by HSBC.

Time was running out. After obtaining Yang Wendong's consent, He Shanheng immediately arranged for people to spread the news. Yang Wendong asked Hong Kong China Daily, Oriental Daily and Ming Pao to publicize the matter, and praised Hang Seng from all aspects in order to try to persuade as many people as possible. People who have withdrawn money should reduce their withdrawals. Or even just wait and see. As long as fewer people withdraw money and it reaches a critical point, it will be possible to get through it.

Early the next morning, the press conference was held as scheduled. Under the attention of all media, Yang Wendong and He Shanheng signed the agreement and shook hands grandly. Many reporters even took photos continuously.

Many people around who were originally planning to withdraw money have also slowed down. They are also hesitating. After all, if they withdraw the money now, they can only get back the principal, but all the interest will be lost. Many have been depositing money regularly for several years. The losses were even greater.

"Yang Sheng, with this investment, are you guaranteeing the depositors' deposits of Hang Seng Bank?"

"Yang Sheng, what do you think of the current run on Hong Kong's banking industry?" Yang Wendong faced the reporter and said with a slight smile: "I believe that Hong Kong's economy will get out of difficulties in the future. Many banks in Hong Kong are operating normally. It is only because there are too many panic statements in the market today that it has led to today’s run. I hope everyone can be more rational. Too many withdrawals will only lead to heavy losses.”

All his speeches are false and do not have any substantive content; it is impossible for him to tell Hang Seng Bank, because he is not sure whether he can really keep Hang Seng Bank. Once he speaks out, then However, you have to fulfill corresponding responsibilities, and your weaknesses may also be found by competitors.

However, he does not deny some issues. As long as he does not deny them, they may turn into rumors. Sometimes, rumors are also beneficial. The key is how to use them.

Soon, a large amount of cash was put in plastic storage boxes and was sent in one by one, forming a long line that stunned surrounding reporters and depositors.

"Use our storage box? He Shanheng is really smart." Yang Wendong whispered to a few people around him.

The storage box is not big, so a lot of boxes are needed to store 50 million Hong Kong dollars in cash. This makes people think that Hang Seng Bank still has a lot of funds. Not many people really know how big the 50 million Hong Kong dollars should be.

The most important thing is that the storage box is transparent, and the cash inside can be seen from all angles. Unlike a wooden box, even if it is opened, who knows if there will be something else under the cash on the surface?

This is similar to the ancient bankers taking the money and giving themselves a bottom.

When a large amount of cash was piled up into a hill, many reporters came forward to take pictures. Even reporters had never seen such a large amount of cash piled together. If you take good photos, you will be rewarded when you go back.

The other depositors were also stunned. They usually feel panicked and think it is not safe if they only have a few hundred yuan in cash in their hands, but with so many in front of them, it is really dazzling.

On the other side, many people of unusual temperament were watching everything in front of them. They were large depositors of Hang Seng Bank, usually ranging from as little as 100,000 to hundreds of thousands or even millions. Now that they encountered a run, they also wanted to withdraw money. The interest rate for large depositors of money is already very high, and if you withdraw it now, you will suffer heavy losses.

When everyone was still hesitating, He Shanheng walked up to the top and said in front of reporters: "Dear journalists, please pass on a message for me. All the current depositors of Hang Seng Bank, as long as they continue to save, These depositors can receive an additional 1% interest after maturity, which is valid for one year.”

"Wow~~" The voice below was noisy, and everyone was discussing.

Fang Xianming of Changxing Financial was also surprised and said: "He Sheng is so courageous. With just this 1% interest, if you look at it in one year, given the size of Hang Seng Bank, it will lose at least seven to eight million."

"Seven to eight million is also a loss in the future. As long as more people can stop running for money now, it will still be worth it." Yang Wendong praised: "Coupled with the shock of the 50 million cash today, it may be really Can handle this run.”

In fact, Hang Seng Bank itself is operating normally, but it was deceived by some news;

Once the confidence of savers is restored, even if it is only partially, and it can give He Shanheng enough time to continue to raise cash, then it is really possible to slow down.

After the press conference, He Shanheng came to Yang Wendong and said with a smile: "Yang Sheng, I still want to thank you very much today."

"You're welcome, I am also a shareholder of Hang Seng now, and I am definitely willing to help if I can." Yang Wendong also said.

In addition to making him promise to tell the truth, he is also willing to help Hang Seng in other aspects. After all, He Shanheng is a really good person, and he was also helpful to the development of Changxing Group in the early years;

After buying a stake in Hang Seng, he also needs him to continue to develop Hang Seng Bank. In this way, he can count as having a small part of the banking business.

"Next, I still hope that Yang Sheng's media group can say more good things about Hang Seng." He Shanheng said again.

"No problem." Yang Wendong nodded and said: "Including TVB will also participate appropriately, but it is not easy to do these things too obviously. I will let the media come to advise all bank depositors to reduce their deposits at the level of all banks in Hong Kong. Run.”

This is also the benefit of having a media company. When needed, the group's strategic needs can be completed immediately. Otherwise, even if the company has great financial resources, other media companies may not cooperate with you in emergencies.

Especially TV stations. There are now a lot of TV sets in Hong Kong, and most of the people who own TVs are wealthy people, who are also the main group affected by this wave of bank runs.

After the press conference, under the control of Changxing Media, various media began to promote Hong Kong's future economy and the role of banks. They also stated that today's runs on money will only cause heavy losses to the people themselves.

When mountains of cash appeared in newspapers and TV stations, many people really hesitated and turned to wait and see, especially Yang Wendong's investment, which also made some people who knew the scale of Changxing Group begin to believe in Hang Seng Bank. After all, in In Hong Kong, there are many people working for Yang Wendong. It is rumored that Yang Wendong is worth hundreds of millions, which is more than the assets of Hang Seng Bank. If he wants to keep Hang Seng, he will definitely be able to keep it.

The next day, Yang Wendong also came to Hang Seng Bank. This matter was the most important right now. With an investment of HK$50 million, Yang Wendong did not dare to be careless.

"Yang Sheng." After seeing Yang Wendong, He Shanheng said with a smile on his face: "We have roughly counted the people who are withdrawing money now, and it has been reduced by about half. According to this estimate, it is estimated that 20 million Hong Kong dollars will be withdrawn a day."

"Twenty million is not a lot." Yang Wendong asked: "Then my 50 million can only last less than 3 days?"

The terrible thing about a run is that it drains all the blood from a bank like a high-pressure pump. In this case, no matter how healthy the person is, his body will collapse immediately.

He Shanheng said with a smile: "It's good to be able to last three days. I am also recycling funds here, or borrowing money from other financial institutions, and I can also raise funds;

As long as my fund-raising speed exceeds the running speed, the running will gradually decrease. One is that the people who want to withdraw money have already withdrawn the money, and the other is that when they go to the back and see that the bank can insist on giving money, the depositors will also feel I am even more hesitant. If I can do this, it will be enough. ”

"This is also good news." Yang Wendong nodded. His help seemed to be quite big. Then he said: "He Sheng, I came today because I want to tell you one more thing. My people have been confirmed." , someone is maliciously spreading bad news about Chinese banks in Hong Kong.”

"I know, I also have two suspects, but I'm not sure which one they are." He Shanheng said: "One is a British bank, you don't need me to say more to understand this; the other one may be the American Chase Bank."

"Chase Bank?" Yang Wendong said: "I have also heard of this bank. They also have a lot of business in Hong Kong."

There are not only British and Chinese banks in Hong Kong. There are also some capitals from other countries, such as the United States and Japan. Their scale in Hong Kong is not large, but the headquarters behind them is very strong.

He Shanheng said: "A few years ago, Chase Bank wanted to enter Hong Kong and told me that it wanted to acquire Hang Seng, but I didn't agree. Just a few days after this run, people from Chase came again. I didn't believe it. There will be such a coincidence.”

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(End of chapter)