On September 18, the run on Longheng Bank lasted for three days!
In the past three days, the entire business community on Hong Kong Island has been in a state of flux and undercurrents.
As newspapers and magazines continued to expose negative news about Longheng Bank, Longheng Bank was directly pushed to the forefront this time. A large number of depositors poured into the bank and asked to withdraw their deposits.
In the past two days, the attitude of the bank was good. On the one hand, it took out the inventory funds to pay customers, and on the other hand, it has been actively raising funds.
At the same time, the bank's chairman of the board of directors, Charles, personally came forward to assure customers that the bank had the ability to honor all their deposits.
But he said it quickly and slapped him in the face just as quickly!
On the third day of the incident, all the 420 million Hong Kong dollars owned and raised by the bank were withdrawn by crazy customers.
When other banks saw this situation, they tightened their cash reserves and stopped lending money to Longheng Bank.
Soon, the huge Longheng Bank was unable to withdraw any money, and could only announce that it would suspend the payment of customer funds.
Lung Heng Bank ran out of money, which was like a depth bomb, frightening everyone on Hong Kong Island.
All of a sudden, all the people who had funds in Longheng Bank went to the headquarters of Longheng Bank to besiege and cause trouble. At the most, the number of people here exceeded 20,000.
So much so that several streets near the headquarters of Longheng Bank were blocked because of this incident.
Even if the British Hong Kong government deployed a large number of military and police to maintain order, it was of no avail.
What’s even more surprising is that this is just the beginning!
After Longheng Bank suffered a run and was unable to pay customers' funds, it was not just Longheng Bank that was unlucky.
A number of small and medium-sized banks, including Sun Hung Kai Bank, K. Wah Bank, Wing On Bank, Union Bank and Conian Bank, have also been affected, with funds moving out and even runs.
The Longheng Bank incident seems to be just a signal, opening a Pandora's box!
There is no other way. Long Heng Bank stopped paying savings funds to depositors, which has greatly shaken the confidence of citizens and investors in the local banking industry.
You must know that Longheng Bank is not a small bank with weak strength. As the sixth largest bank in Hong Kong Island, Longheng Bank has been very recognized by the people over the years.
Unexpectedly, such a big bank with dozens of branches and thousands of employees would be out of money.
This can't help but remind the people of Hong Kong Island of the banking crisis more than ten years ago. At that time, the crisis was mainly aimed at Chinese-owned banks. In a short period of time, almost all Chinese-owned banks were hit. run.
Soon, these banks either went bankrupt due to insolvency or other reasons, or were merged by large banks controlled by British-owned groups.
Unexpectedly, just over ten years later, the same thing would happen again!
Faced with this sudden chaos, the British Hong Kong government was also confused.
I originally thought that this matter was just an internal economic dispute between the Li family and Longheng Bank. Although Longheng Bank had a hole of more than one billion yuan that needed to be filled, with the Li family, a big fat sheep with assets of billions, there was nothing to worry about. .
Therefore, both the British Hong Kong government and the Hong Kong Governor's Office thought that everything was within their control.
In fact, several major forces, including Jardine Matheson & Co., have already sharpened their knives. They want to take advantage of this incident to take all the shares of Longheng Bank into their pockets, making this bank completely a British-owned group to harvest Hong Kong Island. A sharp sickle of economy.
But they never expected that the frightened people in Hong Kong would panic and all wanted to transfer their life savings out of small banks.
So many people withdrawing money directly put more than a dozen small and medium-sized banks into financial crisis, and some banks that were already underperforming were in danger of collapse.
If a bank goes bankrupt, it is normal business behavior, there is nothing to be afraid of, and the impact will be limited.
But if 5, 10, or even more banks go bankrupt, then it is no longer a trivial matter, but a financial crisis!
This impact on the regional financial industry can be said to be catastrophic.
One mistake will cause all parties to suffer heavy losses!
As a last resort, the British Hong Kong government had no choice but to take action in person to appease the people.
At the same time, a large amount of foreign exchange was mobilized to take over banks with serious problems.
This makes the Hong Kong Governor's Government and the entire British-owned group feel like they are shooting themselves in the foot. The reaction is very severe!
...........
Genting One!
The chaos outside did not affect Li Yi. While the British Hong Kong government was busy taking care of itself, he stayed in his luxurious Dabieye and did not go out.
It's not that Li Yi has nothing to do, but it's because it was so chaotic outside during this period that he didn't dare to go out!
Yes, I just don’t dare!
You must know that this is Hong Kong Island, and many people from major wealthy families know that the chaos outside is directly related to Li Yi.
Moreover, this chaos not only affected the British-owned groups, but also involved many social groups and gangs.
Under such circumstances, it is inevitable that some eager guys will make a desperate move and attack him.
Therefore, until the matter is over, Li Yi plans to stay in the Yunding Villa area and not go out.
After all, the security and defense in the Genting Villa area is still very strong. Coupled with the super strength of Zhang Ziqiang and others, even if ordinary people really want to attack him, they will not be able to get in here unless the army is dispatched.
In the study, Li Yi was analyzing the next situation, when suddenly there was a "deng-deng-deng" knock on the door.
"Come in!"
As the door opened, Li Yi saw Zhang Ziqiang walking in, and then said: "President Li is here, saying he has something urgent to look for you!"
"Invite people in!"
"yes!"
Soon, Li Futiao walked in from outside with his son Li Yunbao and assistant Zhou Xinghua.
When Li Yi saw this, he immediately stood up and said, "Old Li, why are you here?"
Li Futiao did not exchange too many pleasantries, but said straight to the point: "Li Jiuying surrendered and asked for peace!"
"Oh, is the news accurate?"
"He called me personally, and he has already controlled Ma Biao and several of his key members, and said that he can hand them over to us at any time!" Li Fujian said.
"It seems that this guy is really cornered!" Li Yi said lightly.
"It should be, and my people also discovered that Li Jiuying had sent away his wife, children, and children yesterday, and now he is the only one left on Hong Kong Island!" Li Fu said.
"This person is quite decisive in doing things, but it's a pity that his vision is a bit poor!"
"Brother Li Yi, what should we do now? Do we want to accept his peace proposal?" Li Futiao asked immediately.
"Accept it, why not accept it!"
At present, Li Jiuying is surrounded by betrayal and alienation. Accepting his request for peace at this time will not only prevent this guy from fighting with them to death, but also can use the knife to kill people. In addition, it will divert trouble to the east, which can be said to be a lot of benefits!
"Then I ask him to send people over to us?"
"Ma Biao?"
"right!"
"No, just let Li handle it by himself. He should know how to do it!" Li Yi said.
In Li Yi's eyes, Ma Biao was just a little guy who couldn't get on the stage. He never took him seriously from the beginning, let alone dirty his hands because of him.
What's more, with Li Jiuying, a ready-made tool, why should he be tainted with this kind of karma!
"Okay, I'll contact him right away!"
"etc!"
Then Li Yi said again: "Old Li, tell Li again that if you want us to put things past the past, in addition to getting rid of Ma Biao, you will also hand over the shares of Longheng Bank and sell all the real estate projects in your hands at low prices!"
"Brother Li Yi, what do you mean by low price?"
"Longheng Bank shares plus all real estate projects, a total of 1 billion Hong Kong dollars!"
As soon as these words came out, there was a dead silence in the entire study, and everyone was shocked by Li Yi's words.
