Chapter 162 Bank Credit Line of HK$1000 Million

Chapter 162 Bank Credit Line of HK$1000 Million

Chapter 162 Bank Credit Line of HK$1000 Million
December 1959, 12, Christmas Day:
Western festivals have basically nothing to do with Chinese people, and the entire Changxing Industrial factory is still operating in an orderly manner.

All the workers have become more motivated because they can bring food back home for their children every day after working here.

In the late 50s and early 60s, although people did not starve to death, it was not easy for ordinary people to eat white flour and meat on a regular basis.

……

In the office building in front, Yang Wendong stood by the window, looking at dozens of people below, constantly loading goods into three trucks.

"Knock knock knock~" The sound of knocking on the door interrupted Yang Wendong's thoughts.

"Come in." Yang Wendong turned around and walked towards his seat.

It was Wei Zetao who came in and said, "Mr. Yang, this is the latest second-phase talent recruitment plan. Please take a look."

"Okay." Yang Wendong took the document, looked at it, and said, "Before the second phase is completed, we need to recruit 300 people? Is that enough? It will take about 2000 people in total, right?"

Wei Zetao said with a smile: "It's enough. After the second phase opens, people from the first phase will be seconded there. The specific number will be determined based on the actual situation.

Although the second phase of the factory will be built at once, the equipment will be delivered in batches, just like the first phase. Dongsheng cannot produce hundreds of equipment at once, so it is not necessary to prepare all the people at once. "

"Okay, then let's recruit according to this number and requirements." Yang Wendong nodded.

Wei Zetao said again: "Mr. Yang, this last page contains the written test questions we prepared for the interview. What do you think of it?"

After listening to the questions, Yang Wendong turned to the last page, took a look, and said, "It's OK. It's not difficult. I was able to answer them almost correctly, which meets our basic requirements for workers."

In the 1950s and 1960s, there were some people in Hong Kong who could read and write, but there were very few who had even primary school education.

Besides, many people come from outside Hong Kong, and even if they are college students, they may not have a diploma. Even if they have a certificate, there is no way to tell whether it is real or fake. Therefore, a direct test or looking at his previous work experience will be enough.

"Okay, then I will follow this plan and start recruiting after New Year's Day next year." Wei Zetao said: "We are ready to put an advertisement in Ming Pao for the recruitment information. The Hong Kong Chinese Daily News takes the high-end route and is not suitable for recruiting ordinary workers."

"Well, okay, but if you need to recruit middle-level managers in large numbers in the future, you can consider the Hong Kong Chinese Daily." Yang Wendong nodded and said.

Before the Internet came along, recruitment or job hunting were all done through newspapers, which was also one of the biggest sources of profit for the newspaper industry.

Similarly, this is also a method of screening. If you can't even understand the simplest recruitment information in the newspaper, then you are not suitable for this job.

The Hong Kong Chinese Daily is more high-end, costing 5 cents a copy, and its customer base is not suitable for workers, while Ming Pao or ordinary newspapers are suitable.

"Okay." Wei Zetao added, "There is one more thing. Liao Liewen from Liao Chong Hing Bank wants to visit you in the next few days."

"Liao Liewen? I haven't seen you for a long time." Yang Wendong asked, "Did you talk about anything?"

Wei Zetao replied: "No specific details were given, only that it was a year-end visit to major customers by the bank."

"Well, that's normal." Yang Wendong nodded, and then asked, "How much money do we have in our company's account at Liao Chong Hing Bank?"

"There are still about 50." Wei Zetao said: "The main consideration is that we still have a lot of loan business with Liao Chongxing Bank, so it is not easy to clear all the deposits.

I kept some of it, as well as some transaction data, to facilitate our subsequent cooperation.”

"Well, let's do this for now." Yang Wendong thought for a moment and said, "Just reply to him and ask him to come at 9 a.m. tomorrow."

Although loans and deposits are two different things, there is still a year left, and considering that the other party will still be valuable to him, Liao Chongxing's public account is still active.

Anyway, as long as he could run away by the end of the 60s, even if the bank run happened earlier and his loan limit was higher, he could guarantee that he would not lose money whether the Liao Chong Hing Bank went bankrupt or was acquired by other banks.

……

The next morning, Liao Liewen arrived on time.

"Mr. Liao, long time no see." Yang Wendong smiled and said, "I heard that you married another concubine?"

"Oh, it's my wife." Liao Liewen said with a smile: "Although Hong Kong law is inherited from the Qing Dynasty law, the times are different now. All wives are the same. It's better not to say the word concubine."

"Haha, sorry." Yang Wendong said with a smile.

Many of Hong Kong's laws are based on the Qing Dynasty's laws, but they also naturally inherited some British laws.

The most basic human rights still exist. It is definitely not like in ancient times, where concubines had a very low status and sometimes even did not have the right to life.

Although the word "concubine" still exists, in most cases, it is equal.

"It's okay." Liao Liewen said with a smile: "This is the biggest advantage of Hong Kong. Some of my friends in Western countries are envious."

"In fact, it's all the same. Do you think that in a country with monogamy, they won't play tricks? They just want to maintain the law and can't put it on the table." Yang Wendong said with a faint smile.

Even the black hole experts have gone to Loli Island, what else does anyone else need to think about?

Maybe some wealthy people just didn’t go to “Lolita Island”, but they must have been to other similar places.

"Haha, that's right." Liao Liewen smiled and then said, "Mr. Yang, this visit to you is also our bank's year-end task. We need to visit and thank all customers for their cooperation with Liao Chong Hing Bank in the previous year."

"Haha, cooperation is also mutually beneficial. I also thank Liao Chongxing for the financial support he gave me." Yang Wendong replied politely.

"Mutual benefit and win-win is the best." Liao Liewen smiled and then said: "In addition to this matter, our Liao Chong Hing Bank also hopes to reach more cooperation with Mr. Yang in the next year."

"That's no problem." Yang Wendong nodded and asked, "What kind of cooperation is it? Can you be more specific?"

Liao Liewen said with a smile: "Mr. Yang, we are a bank, so naturally we are collaborating on loans.

If you have any investment that requires a large sum of money, you can come to us and we will decide how to cooperate or what the interest rate is based on the risk level. "

Yang Wendong nodded, then asked with a smile: "It seems that Liao Chongxing Bank has done a good job in attracting deposits in the past year."

Liao Baoshan, the founder of Liao Chong Hing Bank, acted in a high-profile manner in the past year, accepting interviews everywhere, and once became the first trend among Hong Kong Chinese since the former richest man Ho Tung. Most ordinary people in this era have limited channels to receive external information, and Liao Baoshan's high profile naturally attracted many people to deposit money.

This idea is a bit like that of Steve Jobs, Musk, and Lei Jun in the previous life, who used their boss's fame to increase product traffic.

"It's OK. Even if we raise funds, we have to lend them out." Liao Liewen nodded and said, "Mr. Yang is a good candidate for us."

Yang Wendong asked, "Isn't your father investing heavily in real estate?"

Liao Liewen said with a smile: "Mr. Yang, you are joking. Although my father is investing in real estate, banking is also the foundation of the family business. We can't give up banking just because we have real estate.

Besides, the proportion of bank funds used by my father is not very high, and we are actually aware of the problems that the outside world is worried about.”

Yang Wendong thought for a moment and said, "Mr. Liao, if I'm not mistaken, this is actually your personal behavior, right?"

"Yes, Mr. Yang is right." Liao Liewen nodded and said with a smile, "I also hope that the bank's funds will be managed in the bank's way as much as possible."

"Mr. Liao is really thoughtful." Yang Wendong also understood.

Everyone knows that it is too risky for Liao Chongxing Bank to do real estate on its own. You can win 10,000 times by playing this way, but you will be completely dead if you lose once.

As the prince of Liao Chong Hing Bank, Liao Liewen has tried his best to reduce the risks of the bank. However, if the emperor does not abdicate, the prince will not have any say.

Liao Liewen continued, "It's good that Mr. Yang understands. Although my father is keen on real estate, he will not interfere with the bank's business.

So I hope that high-quality customers like Mr. Yang can borrow more money from our bank.”

"Yeah." Yang Wendong smiled and said, "The bank's business uses more funds, so your risk is indeed reduced a lot."

Liao Liewen hoped that outsiders could borrow a large amount of savings from Liao Chong Hing Bank, thereby hindering his father's expansion in the real estate industry. This is also a way to control risks.

After all, even if a lot of funds are absorbed, they are still limited. Bank loans consume more funds, so naturally there will be no more money to invest in real estate.

No wonder they took the initiative to come to me and cooperate with me. You know, the outside world in Hong Kong also has a rough estimate of Yang Wendong's assets. The people in Liao Chongxing Bank must have known that he had already started to mobilize funds to leave. In this case, they still took the initiative to come to me to offer loans because they also had their own needs.

Liao Liewen continued, "So we still need Mr. Yang's cooperation, which will also be beneficial to you."

Yang Wendong nodded and asked, "Then how much credit do I have?"

Liao Liewen paused and said, "Our bank has analyzed the operating conditions of Changxing Industrial. We are willing to give 1000 million Hong Kong dollars in credit line."

"1000 million Hong Kong dollars?" Yang Wendong was a little tempted, but still asked, "I can invest in anything."

Liao Liewen said: "Not really, our bank will also review and approve it, but as long as there are no major problems, it's fine. For example, if you want to invest in industry and build a new factory, as long as there is a market for the product, it's fine;

Or if you want to invest in real estate, that’s no problem, but you have to mortgage the house you buy to us, which will also facilitate our internal bank operations.”

"Very reasonable." Yang Wendong nodded, then thought of a question and asked tentatively: "What if I want to invest in shipping?"

"Shipping?" Liao Liewen looked a little embarrassed and said, "Mr. Yang, it's not just our bank. Many banks in Hong Kong, including HSBC, are not willing to invest in shipping, unless it is an old shipping company like Swire or Wheelock."

"Hong Kong banks don't invest in shipping?" This is the first time Yang Wendong has heard of this.

In his impression, Pao Yu-Kong was supported by HSBC, which means that HSBC had not yet started investing in Pao Yu-Kong, or had just started, and Pao Yu-Kong was not yet famous at that time.

"Yes." Liao Liewen explained, "It's because this industry is so volatile. When you make money, you can earn back the money you paid for the ship in a few months. When you lose money, you have to rush to dismantle the ship.

And the collateral is floating on the sea. If there is a problem, even if the bank can recover it, it will have to pay money to maintain it, so Hong Kong banks basically do not do this business. "

"That's true." Yang Wendong nodded, and then asked, "But the shipping industry is also an asset-intensive industry. It's impossible for you to use your own money, right?"

"Yes, shipping is more asset-heavy than real estate." Liao Liewen said with a smile: "Hong Kong banks don't like to lend to the shipping industry, but Japanese banks do. Their country has policies to support the shipbuilding industry, and shipbuilding and loans are all one-stop."

"Oh, so that's how it is." Yang Wendong said with a smile, and he finally understood.

Liao Liewen asked again: "Does Mr. Yang really want to enter the shipping industry?"

"Maybe in the future." Yang Wendong said with a faint smile.

Liao Liewen did not pursue the topic any further and said, "If you are not considering shipping now, then why not consider real estate? Mr. Yang is also very confident in the real estate industry, right?"

"Not bad." Yang Wendong nodded and said, "Well, I can agree to this cooperation, but I need to think about what kind of property to buy."

"Okay." Liao Liewen said with a smile: "In fact, if Mr. Yang doesn't have any good investment targets, then just force your eyes to choose Central. My father has chosen a lot of properties in Central. These are all high-quality assets that are easy to cash out."

"Well, okay, let me think about it." Yang Wendong agreed.

What Liao Liewen said was right. It is indeed easy to cash out the buildings in Central. Historically, when Liu Chongxing Bank was hit by a run on its bank, Liao Baoshan urgently sold several buildings at a low price.

Once a bank run starts, no bank can withstand it, and the only way to revive is to restore credit.

Liao Liewen said, "Okay, I hope Mr. Yang can settle this soon."

"Okay, I'll let you know when I've thought it over." Yang Wendong nodded.

Afterwards, after chatting for a while, Yang Wendong saw Liao Liewen off and met Su Yiyi when he came back.

Su Yiyi asked with a smile: "Brother Dong, what are you so happy about?"

"An opportunity to make a lot of money has arrived." Yang Wendong replied with a smile.

It suddenly occurred to him that if he took out this loan, regardless of what he would buy now, when the Bank of China was run, he could at least purchase their properties in Central at a low price.

Isn't this just like the changing of times in Jin Yong's novel, except that now we are using their money to buy their property?

(End of this chapter)