Xia Tian waited for three days, and although he hadn't waited for the news that he had been looking forward to for a long time, he was still satisfied with the compensation he received. Therefore, he slowly waited for the news of the Hong Kong dollar issuance bidding meeting afterwards.

During this period, since Enron's management did not provide strong evidence to prove that Enron's company is still in a position to repay its debts at this moment, its mandatory liquidation application has been approved by the US Institute of Ecosystem.

After the news was announced, Enron's stock fell directly into waste paper, and the share price of the British consortium also fell again, and the stock prices of several banks such as Huifeng, Standard Chartered, and Baotong also fell sharply.

Because the people had a little fantasy about Anran before, believing that although it might have made some serious mistakes, it has not reached the point of insolvency. Therefore, although the stock price has been leaking wildly, some people are still lucky and buy at the bottom quietly.

However, now the application for forced liquidation has been approved, and Anron's management has done nothing, which has sent a very clear signal.

That is, Enron Company is indeed insolvent, and the company's management has completely lost confidence in it, and the investments of these investors will be gone. In this case, Enron Company's so-called stocks are exactly the same as waste paper.

If Anran is not forced to liquidate and can continue to operate, it can still create value. After all, it is not completely useless.

Therefore, investors of the British consortium also hope that the British consortium can manage the company well and strive to bring it back to life. In that case, at least 260 billion Hong Kong dollars will be spent without vain, and one day it will still be earned.

But now that it is about to be liquidated, there is no need to say anything. The British consortium has no chance to make a profit, so naturally there is no need to hope that it will make money.

When banks such as Huifeng, Standard Chartered, and Baotong approved loans, the collateral was the stock of Enron Company that they had not obtained. Now, Enron’s stocks have completely become waste paper. Their 260 billion Hong Kong dollars loans have become a loan without collateral.

If the British consortium chooses to default on the debt at this time, then Huifeng, Standard Chartered and Baotong will have nothing.

Because the lender was a new company established by the British consortium to acquire Enron, the company was originally established to facilitate the settlement of the shareholding ratios of each shareholder, so there were no decent assets.

If the British consortium does not want to repay the huge debt of HK$260 billion, they just need to declare the new company bankruptcy. Anyway, it has no assets in itself, and bankruptcy will go bankrupt. When the company goes bankrupt, there will naturally be no need to pay the debt.

Moreover, because this company is a limited liability company, if it goes bankrupt, it will not involve the personal assets of shareholders. Therefore, as long as it is declared bankrupt, the British consortium can get rid of a big burden.

Correspondingly, Huifeng, Standard Chartered, and Baotong are in trouble. No one is willing to repay the 260 billion Hong Kong dollars, so they will have to bear such a debt. In this way, let alone make profits this year, even next year, the year after tomorrow, and in the next few years, there will be no extravagant hope of making money in the next few years. In this case, their stocks will naturally fall.

The key is that their money is basically the money of depositors. Now they lose so much at once, which makes depositors still confident in how they can still be confident. At that time, it may lead to serious squeezing incidents.

If that is the case, then these three banks will be in great trouble. Because once the banks encounter a squeeze, few people can survive.

Once something happens to these three banks, the Hong Kong economy will also suffer a heavy blow. After all, these three companies are too closely related to the Hong Kong economy. They provide financial services to countless companies and provide financial savings services to countless citizens. Once something happens, I don’t know how many people will lose all their money and how many companies’ funds will be cut off... It can be said that the losses caused are no less than the Asian financial crisis in the previous two years.

So everyone is waiting and watching.

...

Just as everyone was waiting and watching, Li Jiacheng and other British consortiums finally stood up and said that they would cooperate with Huifeng, Standard Chartered and Baotong to solve the debt problem of 260 billion Hong Kong dollars and would not evade responsibility.

The outbreak of this news made people feel a little relieved.

Although Li Jiacheng and others expressed their statement as "cooperating to solve the debt problem", that is, this account may not be paid back immediately, and the debt scale may even shrink. For example, even if you owe 260 billion Hong Kong dollars, you may only need to pay back 200 billion Hong Kong dollars after negotiations.

But as long as they are willing to pay back the debt and not let it be yellow, the result will be better.

In fact, the worst result is that Li Jiacheng and others refuse to pay off their debts and file for bankruptcy for the new company. In that case, although the interests of the British consortium are guaranteed, the three banks of Huifeng, Standard Chartered, and Baotong, as well as Hong Kong citizens who are closely related to these three banks, will become victims.

The reason why Li Jiacheng is willing to repay this debt is not because they are so conscientious. In fact, if the debt is owed to the Bank of the World, they promise to be liable.

One of the reasons why they are willing to pay off their debts is that Huifeng, Standard Chartered and Baotong have always been their funders. If these three banks collapse, it will not be so easy for them to find such funders in the future.

Once companies like them lose their bank support, the outcome will be very miserable. So no matter what, they have to keep Huifeng, Standard Chartered and Baotong. In this case, even if they suffer temporary losses, they still have a chance to make a comeback.

Another reason is that reputation is the first priority in the business world. If a person and a company have no business integrity, it will be time to close down.

Li Jiacheng and others can indeed rely on the debt this time, but if they really do that, then who else dares to do business with them in the future? Wouldn't you be afraid of being deceived and losing everything?

So they would rather bear this loan and gain a reputation of integrity and reputation. In this case, even if they suffer temporary damage, at least they will have a chance to make a comeback in the future.

...

After the British consortium came forward to announce that it would take responsibility and repay the debt, the stock prices of the three banks, Huifeng, Standard Chartered and Baotong, rose slightly, and even the stock prices of the British consortium rose a little.

This also made investors feel relieved, believing that the worst moment has passed, darkness is about to end, and dawn is about to come. In the future, as long as the British consortium operates well and repays the loans well, with their status and influence in Hong Kong, there will still be a chance to reach the peak again.

But at this moment, another piece of news came out. Huifeng Bank was deprived of the right to issue Hong Kong dollars because it violated the regulations of the Hong Kong Authority.

The Bureau of Management will bid for the Hong Kong dollar issuance rights on a date. Any bank registered in Hong Kong and with assets exceeding HK$500 billion will have the opportunity to participate in the bidding.
Chapter completed!