Chapter 730 The breaking news shocked all walks of life in Hong Kong!

Chapter 730 The breaking news shocked all walks of life in Hong Kong!

Zhuang Rongkun.

A businessman from the Philippines and overseas Chinese businessman from southern Fujian.

At this time, he was in the general manager's office at the headquarters of Hang Lung Bank, where he had been smoking.

Last night, he heard about the financial transactions between Xie Liyuan Gold Shop and Hang Lung Bank, and immediately thought that Hang Lung Bank was in trouble today. Sure enough, so many depositors lined up to withdraw their money overnight.

Zhuang Rongkun knew that today was a difficult day.

The most important thing is to get the support of banks such as Zada ​​Bank, and they have also prepared 700 million Hong Kong dollars. As long as the money is delivered to major branches tomorrow, even if there is still a run on the bank tomorrow, it will soon pass.

At this time, the thing he was most worried about was something only he knew.

Hang Lung Bank was founded in 1935 and officially registered as Hang Lung Bank Co., Ltd. in 1965. It is a Chinese-owned bank in Hong Kong with a history of several decades.

In 1976, the Philippine and Nanyang consortium headed by him and his brother Zhuang Qingquan acquired 5000% of its shares for HK$80 million and became the major shareholder of Hang Lung Bank.

In the late 28s, due to the rapid development of real estate in Xiangjiang, Hang Lung Bank developed very rapidly. Until the early s, it has branches in Xiangjiang and has become a larger Chinese-owned bank in Xiangjiang.

In fact, only the Zhuang Rongkun brothers know about Hang Lung Bank's own situation.

Of course, there is someone else who knows.

The soul comes from Yang Ming in the future.

For the first time in history, there was a run on Hang Lung Bank. Because Zhuang Rongkun responded quickly and received support from major banks in Hong Kong such as Zada ​​Bank, the situation quickly calmed down.

However, on November 11 in history, a large-scale Diners Club Financial Company was unable to repay its debts. Its holding company, Diners Club Credit Holdings, was suspended from trading on the Hong Kong stock market. It was later revealed that Diners Club Finance had owed debts at that time. 15 financial institutions, led by the Bank of Country M, were forced to liquidate their debts of HK$39 million.

Hang Lung Bank's ability to repay its debts has been questioned because two of its directors include managing director Zhuang Rongkun, who is also a director of Diners Club Holdings.

A year later, Hang Lung Bank's bill settlement bank was rejected by Zata Bank and overdrafted a check worth HK$11.8 billion by HK$5000 million. The Governor's Office immediately felt that Hang Lung Bank was going to collapse. In order to prevent more During the banking crisis, the Governor-General directly took over Hang Lung Bank.

At this time, Zhuang Rongkun's Diners Financial Credit Company not only owed a lot of debt, but Yang Ming also knew that the Zhuang Rongkun brothers had misappropriated most of Hang Lung Bank's depositors' funds to invest in Xiangjiang real estate.

At this point, it is similar to Liao Baoshan in history.

In the 1960s, Liao Baoshan also saw that Xiangjiang real estate was booming at that time and was very courageous. She also misappropriated savers' funds into real estate as her own money.

Now Zhuang Rongkun is too.

Even more serious.

Now the real estate in Xiangjiang has fallen like that. Not only has the real estate they bought with savers' funds depreciated, but even if they sold it, they would still suffer a heavy loss.

Zhuang Rongkun could no longer sleep now. He prayed that these things would not be known to outsiders.

As long as housing prices in Hong Kong rise, these crises will be overcome.

However, Yang Ming knew it very well.

For a bank.

The most important thing is actually the issue of credibility.

If a bank has a problem with its reputation and is no longer trusted, and depositors no longer have confidence in the bank, then there will definitely be a problem with the bank.

The banking crisis that broke out in Hong Kong in the 1960s is still the same now.

Zhuang Rongkun walked around the general manager's office and smoked many cigarettes.

It's not just that he didn't expect Xiangjiang's real estate to fall like that.

In the first half of last year, housing prices in Xiangjiang were still very high. It has only been a year and now it has become like this.

Zhuang Rongkun felt like his hair had fallen out.

If outside investors know that he is related to Diners Club, it will definitely further affect Hang Lung Bank.

If it was known that he had misappropriated depositors' funds to enter Xiangjiang Real Estate, it would also cause big problems.

Zhuang Rongkun wanted to have a good sleep.

However, it feels a little difficult.

When Zhuang Rongkun was still in the general manager's office of Hang Lung Bank.

Yang Ming had returned from get off work and had dinner with his parents.

Many times, people around him who have been with Yang Ming for a long time cannot tell what he is thinking, like A Zhu, Zhong Chuhong, and Guan Jiahui.

However, they felt that there was still something different about the young master today.

Until very late.

Yang Ming was still in the study, and he left Guan Jiahui behind.

Guan Jiahui didn't care what Yang Ming was thinking, she just wanted to stay with Yang Ming.

. . .

Early the next day.

Yang Ming got up and washed up.

Came down from upstairs and swam a few laps in the swimming pool.

I changed my clothes and had breakfast with my parents.

At this time, news reports about Hang Lung Bank appeared again in major newspapers and magazines in Hong Kong.

In addition to the run on Hang Lung Bank yesterday, in which more than 7000 million Hong Kong dollars were withdrawn, Hang Lung Bank also issued a statement clarifying that it has no dealings with Xie Liyuan Gold Shop.

However, this seemed to work yesterday.

Today, the newspapers reported an even more exciting news.

Diners Finance owes 39 million in debt to 8 financial institutions headed by Country M.

Among them, the two directors of Diners Finance are also from Hang Lung Bank, and Zhuang Rongkun, the general manager of Hang Lung Bank, is the managing director and shareholder of Diners Finance.

The news just broke.

It turns out that some depositors of Hang Lung Bank were not planning to withdraw money from Hang Lung Bank. Now they were shocked when they saw this news.

If Hang Lung Bank is really so rich, why does Diners Club Finance, which is controlled by Hang Lung Bank’s shareholders, owe so much money to other financial institutions?

In other words, in addition to Diners Finance having no money, Hang Lung Bank's depositors' funds may have also been misappropriated.

This breaking news immediately shocked all walks of life in Hong Kong.

9:30am.

When the Hong Kong stock market started trading, Diners Credit Holdings was directly suspended.

As a shareholder of Diners Credit, there is also Zhuang Rongkun, general manager of Hang Lung Bank, who just returned to work in the general manager office of Hang Lung Bank today.

When he saw the news, he was shocked and felt like he was falling into an abyss.

I even felt cold all over.

More and more depositors are flocking to major branches of Hang Lung Bank to withdraw money.

Even if 7 million Hong Kong dollars have been prepared from other major banks, looking at the current situation, it may not be enough for depositors to withdraw.

This means that Hang Lung Bank is likely to collapse due to runs.

Zhuang Rongkun turned pale with fright.

Other banks in Hong Kong were also frightened.

Including the chairman of Huifeng Bank, Shen Bi, the chairman of Zada ​​Bank, the chairman and general manager of major Chinese-owned banks, as well as the Governor of the Government Offices, Governor Mailihao, Chief Secretary Yude and others, none of them expected that now A new round of financial crisis soon broke out in Hong Kong.

The two of them had never experienced the Chinese bank crisis in the 1960s, but they were still very aware of it.

If Hang Lung Bank collapses due to a run wave, which affects other banks in Hong Kong, then it will trigger a domino effect, which will be very big for Hong Kong's economy and finance.

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