December 20th.

Hong Kong has begun to experience crowding.

At first, more people were withdrawing money at a few bank sites. Later, as panic gradually spread throughout the city, more and more people participated in withdrawing money. There was even a phenomenon of people queuing up in front of the bank gate overnight.

Seeing this phenomenon, all banks were trembling.

Because once a squeezing incident occurs, if it is not handled properly, the bank will go bankrupt. This is a test at the critical moment of life and death, and it can be said to be a life-and-death death.

In this case, whoever has the most savings will undoubtedly be the most beneficial.

However, in recent months, all Hong Kong banks have lost a large amount of deposits. One is the summer lending, and the other is the Soros lending, and they alone have borrowed 1600 billion Hong Kong dollars in deposits.

The total deposits of Hong Kong banks are only two or three trillion yuan. Now, deducting the 16 trillion Hong Kong dollars they have loaned and the amounts loaned by others, the balance of all bank deposits is only a few thousand less than one trillion Hong Kong dollars. Compared with the nearly three trillion deposits, there is still a gap of nearly two trillion Hong Kong dollars.

If such a big hole cannot be blocked, I don’t know how many banks will collapse.

Therefore, on December 20, as soon as the squeezing and withdrawal occurred, major banks began to look for money.

The richest person in Hong Kong is now summer.

Not to mention anything else, just the loan he borrowed in the first two months and the right to share of the World Group, would probably be 200 to 300 billion Hong Kong dollars together.

So many bankers come to the door, hoping that summer can generously donate to help them overcome difficulties. Otherwise, they will be really finished.

...

Xia Tian didn't expect that the Hong Kong people were so confident. Soros' sniping had just begun for four days and they had collapsed. This squeeze happened too early.

But when he thought about it again, he also felt that although this matter was unexpected, it seemed reasonable.

One reason is that Hong Kong people have been stimulated too much in the past year. Two of the top ten richest people went bankrupt, other rich people suffered huge losses in investment, and HSBC has experienced hundreds of billions of bad debts... These are all things that greatly stimulate the public's sensitive nerves, and it has just happened not long ago.

It is not an exaggeration for Hong Kong people to say it is a "frightened bird". If you are frightened, you will easily be irrational.

Soros successfully sniped Moxico in the first half of the year, gaining a huge reputation, allowing the whole world to see his abilities. Now that he comes with his remaining power, the Hong Kong people are naturally afraid of it.

In addition, the Hong Kong Administration has not responded well and has been unable to effectively stop Soros' attack for four days. HSBC, Hengsheng has opened another bad start, and the limit on exchange rate at this time has further damaged the confidence of the people.

Therefore, under the influence of multiple factors, the confidence of Hong Kong people has collapsed rapidly and the phenomenon of squeezing is not difficult to understand.

...

However, Xia Tian did not open the door to convenience for many bankers' requests for help.

Although the money he had was borrowed from the bank, it was absolutely impossible to get him back like this.

When he was taking out a loan, the bank lending rate was only more than 5% but now it has risen to 15%, nearly thirty times.

If he asked him to return the money intact, why did he repay it at that time? Don't forget that he borrowed it to make money. Even if he asked him to lend money to those banks at the current lending rate, he would not be happy.

Even though he did this, he could already make several percent of the profit. After all, the money borrowed at 5% interest rate is now borrowed at 150% interest rate. With such a turnaround, he would make 40% or 50% of the profit.

But he was still unhappy, the reason was very simple. The Hong Kong dollar exchange rate was destined to collapse. At that time, it still didn't know how many times it would depreciate, and even when it would restore the currency value. So the current interest rate of 15% cannot make much money in the summer. If the Hong Kong dollar drops more than 15%, then he will still lose money, so it is absolutely impossible to borrow money.

But Xia Tian has another idea. Borrowing money is destined to lose money, but it will be different if you invest.

As we all know, Hong Kong's economy is seriously hollowed out, and it is entirely supported by the financial industry and real estate industry. Xia Tian originally had the idea of ​​acquiring Hong Kong's real estate industry, but now he has the opportunity to dominate the financial industry, so he is not polite.

Hong Kong's financial industry is composed of large and small banks, investment banks, securities companies, insurance companies, financial companies, etc.

Xia Tian now has East Asia Bank, Li's Bank and Baifuqin Investment Bank. Speaking of which, it is also a leader in the Hong Kong financial industry. However, these companies are difficult to compare with HSBC, which makes Xia Tian's voice in the financial industry not loud enough. Otherwise, he would not have disbanded the World Fund he had worked hard to establish.

However, it is not easy to strengthen the right to speak in the Hong Kong financial industry. First, HSBC is suppressed. No matter how bad HSBC has, as long as it has the right to print money, it will still rank as the quasi-central position in Hong Kong; second, if he wants to get on the rank, banks of all sizes in Hong Kong will not be convinced and will not be united with him.

But now it is just an opportunity. If Xia Tian can take advantage of this crisis to invest in or acquire large and small banks, investment companies and insurance companies in Hong Kong, his voice in the financial industry will undoubtedly be greatly enhanced. At that time, even HSBC will not give face.

Xia Tian now has more than 120 billion Hong Kong dollars, which is enough to acquire nearly half of Hong Kong's banks. If those banks, investment banks, financial companies, etc. are unwilling to let them invest, then there is only one way to go bankrupt. After all, there are not many people in Hong Kong who can give them billions or even hundreds of billions of Hong Kong dollars to help them.

Whether it is bankrupt or being invested in shares, you can only choose the same.

...

Bankers do not want their own banks to have outsiders to invest. The reason is simple. Banks are an industry with very high concentration. Once they are invested by outsiders, information may be leaked, so they try not to allow outsiders to invest.

But the problem now is that if the stock is not allowed to be invested, the bank will be squeezed and broke. By then, the trouble will be even greater.

So when they can only choose between bankruptcy and investment, no matter how reluctant they are, they can only choose to let Xia Tian invest.
Chapter completed!