The hole in HSBC cannot be plugged. Even if all the bank's high-quality assets are sold off, the hole of more than 100 billion US dollars cannot be plugged.
And a lot of the money in it does not belong to HSBC itself.
It is the big capitalists such as Li's company, related banks, Hong Kong government, insurance companies and other units that have deposits in HSBC.
It's usually fine!
As the largest bank in Hong Kong, HSBC's reputation can be said to be five-star. You can rest assured when you deposit your money in HSBC. You don't have to withdraw money when you use it, you can just transfer it directly through HSBC.
but now!
Now that we know that HSBC cannot sustain itself, in order to prevent our money from going down the drain and turning from a rich man to a loser, we must come to ask for money. Otherwise, it doesn't matter if HSBC dies, it will drag a large number of people into the trap.
Why did the top management of HSBC sell off a large number of non-main business assets under the bank's name, allow large customers to convert deposits and bonds into HSBC shares, and even ask their ancestors, the Eagle Country, to take over HSBC and use the government's credit decision to help HSBC weather the storm.
It's because those capitalists and insurance companies themselves are shareholders of HSBC, and they make these decisions to save themselves and don't want to be ripped off by HSBC.
Unfortunately, the hole in HSBC is so big that it simply cannot be plugged by selling high-quality assets.
As for selling bank shares!
As the news of the treasury being robbed spread around the world, HSBC's credit went from five-star to zero. Everyone knew that HSBC couldn't sustain it, so how could it take over? Its shares went from being a hot commodity to being ignored, and were given away to everyone. No one wants it.
The only hope is that the Zu family can lend a helping hand.
At the beginning, the Bank of England was still interested in the ancestral home. After all, HSBC is one of the largest banks in the world, and the Bank of England was happy to take it as its own to strengthen its own strength.
But when it was determined that HSBC's loopholes exceeded 100 billion US dollars and the lost gold and foreign exchange could never be recovered, the Bank of England backed down and was unwilling to provide guarantees.
This hole is so big that if the Bank of England takes over, it might even pull itself, and the British Isles, into it.
As for the Hong Kong Eagle Government taking over, haha!
Because the gold and foreign exchange stored in HSBC were robbed, the Hong Kong Eagle government itself is in a state of distress and is trying to tide over the difficulties, but how can it possibly save HSBC.
So after more than half a month of trying to survive, HSBC, which couldn't find a successor, finally couldn't support it any longer.
It is different from the bankruptcy of ordinary companies.
Because a bank has countless loans and deposits, its crisis will be magnified hundreds or even thousands of times. Especially for a world-class financial institution like HSBC, once it collapses, its related entities and companies will be implicated.
Its impact was so great that even Lei Weidong, the instigator, did not expect it.
He originally wanted to teach Mr. Gui a lesson and earn some pocket money at the same time, but he didn't expect that the collapse of HSBC would affect his whole body and directly cause an economic crisis.
It would be okay if it was the 1980s.
With a strong economy like Japan, it may be able to dilute the impact of HSBC.
Now that the Japanese economy is in ruins, many Japanese companies are unable to protect themselves, and HSBC has come to make matters worse. It is just luck that they do not go bankrupt.
As for the other little dragons and tigers, their economy itself is not healthy, otherwise they would not be exploited by beautiful national capital headed by Soros in a few years.
The leeks have been harvested for several years and have not recovered.
This economic crisis has exposed their weaknesses in advance, and even if the impact is not as severe as the Asian crisis a few years later, it will be enough for them to bear.
As for the mainland!
The second largest economy in later generations is still a little transparent. Even with the help of Lei Weidong, the mainland's economy has far surpassed that of another time and space, but it has only changed from more than 300 billion to more than 500 billion.
Its impact on the world economy is not as great as that of the city of Xiangjiang.
We can only watch as the economic crisis caused by the bankruptcy of HSBC spreads outwards with Xiangjiang as the center. Its power is so powerful that many financial institutions have to withdraw money and sell off their assets to shrink to save their lives in order to survive the crisis. At the same time, Lei Weidong is greatly affected. Made a fortune.
The reason for this is simple!
In the face of the economic crisis, those with money are the bosses.
Relying on the blood sucking in the stock markets of beautiful countries and Japan, even if most of it is earmarked, Lei Weidong's free funds, excluding unlaundered gold and foreign exchange, will still exceed 20 billion US dollars.
These are funds that can withstand scrutiny and can be spent as you please.
It is because they know that Lei Weidong has money that financial institutions led by HSBC will jump out to sell Lei Weidong some so-called high-quality assets.
Many of these assets are entities with development potential. They may suffer losses in Japan and Southeast Asia, but as long as they are moved to the mainland, as the domestic economy takes off, they can make money several times or even dozens of times.
It can be said that it is all fat that is thrown into the mouth. If you don't eat it, you will be sorry.
Lei Weidong first spent 5 billion US dollars and asked Salina and others to purchase them, put those good assets into Lei Weidong's name, and then gradually transferred them to the mainland.
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Five billion dollars was quickly spent.
Not only did the assets delivered to the door not decrease, but they increased tenfold, even if Lei Weidong increased the purchase amount to 10 billion US dollars.
On the contrary, because Lei Weidong spent a lot of money, more companies were attracted to come over. In the end, the Toshiba and Mitsui consortiums from Riben came to visit and wanted to sell their chip industry to Lei Weidong.
This made Lei Weidong very excited.
Don't look at the fact that Japan's chip industry has fallen behind in the future. The top chip technology is monopolized by TSMC, Samsung and beautiful countries.
But in the early nineties.
Japanese chip technology is not much behind that of beautiful countries.
The most typical example is China's most advanced F117 and B2 bombers. Many of the chips on them are provided by Japanese companies.
If Japan's chip industry was not too strong and threatened the beautiful country, the beautiful country would not suppress it crazily and even support Samsung and TSMC to compete with it.
If such fat meat is presented to Lei Weidong, how can Lei Weidong not be tempted?
Just this money!
The money needed by the chip industry is measured in billions of dollars, and the complete industrial chain requires tens of billions of dollars.
Plus industries in Southeast Asia.
Lei Weidong was a little cash-strapped.
It would be a shame to pass up such a good opportunity.
At that time, there was the Asian financial crisis, which allowed mainland companies to not only enter markets such as Southeast Asia, but also absorb a large amount of funds and equipment from the southeast region.
But it’s hard to say whether there is such a good opportunity in this time and space.
learn from mistakes!
After this economic crisis, Southeast Asian countries that have suffered heavy losses will definitely reform their financial systems. It will be difficult for Soros and others to find opportunities as good as before.
In order to have more money to buy the bottom, Lei Weidong had to agree to the system's request and took on the task of robbing the Bank of England's vault.
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Still pumping water, but basically recovered, updates will resume tomorrow or the day after tomorrow!
