Chapter 742 The biggest banking crisis in Hong Kong’s history!

Author: The creeper on the fence

Chapter 742 The biggest banking crisis in Hong Kong’s history!

September 12, 1982.

Sunday.

19:00 in the evening.

Hong Kong Island Overseas Trust Bank Building Headquarters.

Huang Changzan, chairman of Overseas Trust Bank, the third largest bank in Hong Kong, called the police before leaving get off work and surrendered. He was taken away by ICAC staff for investigation at 19:30 that night.

This scene has been seen not only by executives and employees of overseas trust banks, but also by outside citizens.

That night, the news about the check wheel scandal of Overseas Trust Bank and the huge losses suffered by Overseas Trust Bank in the real estate industry were spread, which immediately shocked the whole of Hong Kong that night.

As the third largest bank in Hong Kong, Overseas Trust Bank has three banks and two financial companies in Hong Kong. It has 62 branches in Hong Kong, which can be said to be spread across major streets in Hong Kong Island, Kowloon and the New Territories.

Compared with the problems that broke out at Hang Lung Bank a few days ago, there were only 28 branches of Hang Lung Bank and there was such a wave of runs. Now Overseas Trust Bank has more than 60 branches in Hong Kong, involving hundreds of thousands or even hundreds of thousands of depositors.

.

Many depositors with overseas trust banks, after receiving the news that night, immediately went to major branches of overseas trust banks to queue up overnight. No matter what, they had to get their deposits back from the bank tomorrow.

besides.

It has been reported in the market that in addition to the serious debt crisis of overseas trust banks, it has also been reported that Sun Hung Kai Bank, K. Wah Bank, Wing On Bank, Union Bank, Conian Bank, etc. also have similar debt problems.

There are also reports of many debt problems with the Bank of East Asia and even the Bank of Hong Kong in Hong Kong.

Now, can other depositors in Xiangjiang who have deposits in various banks, especially some small and medium-sized banks, still be able to sit still?

That night, many depositors immediately went to the branches of major banks to queue up, preparing to withdraw money tomorrow morning.

This situation seems to be more serious than the outbreak of Chinese-owned banks in the 1960s, and its impact and involvement will be greater.

...

22:00 in the evening.

Yang Ming is in the study.

Melis is already here.

These two days.

On behalf of himself and the Imperial Group, Malice has purchased the shares of Overseas Trust Bank from the Zhang family, Wu Huirui, Zhang Chengzhong, and Zhuang Qingquan respectively. This means that the Imperial Group is now the only major shareholder of Overseas Trust Bank.

As for Huang Changzan, it was naturally Yang Ming who asked him to take the initiative to call the police and surrender.

Today, under the leadership of Huang Changzan, not only the debt crisis broke out in overseas trust banks, but also other Chinese-owned banks in Hong Kong.

The debt crisis of Chinese banks in Hong Kong officially broke out and pierced.

"Boss, now there is a squeeze trend in Xiangjiang."

Meris has learned that there are queues for cash withdrawals at major banks in Hong Kong, and even at the branches of major banks.

All of this was within Yang Ming's expectation and control.

"Those banks themselves have problems, and now they are just bursting their debt bubbles early."

For Yang Ming, these are nothing.

Many people may not be able to sleep tonight.

The Governor of the Government House, Mr. Maliho, the Chief Secretary Youde, the Financial Secretary, etc., as well as Huifeng Bank Chairman Shen Bi, Vice Chairman John Bao and others.

None of these people expected that a few days ago, a run on Hang Lung Bank broke out due to Xie Liyuan Financial Stores and Diners Financial.

They were afraid of the domino effect, and soon after the Imperial Group spent 100 million Hong Kong dollars to acquire Hang Lung Bank and injected 500 million Hong Kong dollars, Hang Lung Bank recovered. MacLehose, Jude, Shen Bi and others all relaxed. tone, thinking that there would be no other reactions.

Tonight, Huang Changzan, chairman of Overseas Trust Bank, the third largest local bank in Hong Kong, directly called the police and surrendered. Rumors spread throughout Hong Kong that, in addition to the check wheel scandal, Overseas Trust Bank has suffered serious losses. I don’t know how big the hole is, and it has even affected other places in Hong Kong. of Chinese banks.

Mailihao couldn't sleep, Jude couldn't sleep, and Shen Bi couldn't sleep either.

The squeeze wave that broke out in Xiangjiang in the 1960s had a huge impact.

When Merlis, Shen Bi and others think back, it is still very scary.

Those people couldn't sleep.

Yang Ming was very comfortable.

After Melis left.

Yang Ming came to Sarah and Diana.

Sarah and Diana knew that Sir Yang's Empire Group had just acquired a Chinese-owned bank, Hang Lung Bank, a few days ago. They knew that Sir Yang was relatively busy at work, and they did not ask Yang Ming to see them often.

Now Yang Ming came over and accompanied Sara to enjoy the breeze in the garden of the mountainside villa. When looking into the distance, Sara was attracted by Sir Yang's eyes.

"Sir Yang, please stay with me tonight." Sara said a little embarrassed.

Yang Ming looked at the other party, Sara seemed to be even more shy.

...

It was already early in the morning when Yang Ming left Sara's place.

Yang Ming did not stay until the next morning, and now Sarah had fallen asleep, leaving her a dear W.

When Yang Ming took the car back to the Repulse Bay Mid-Levels Villa.

Rest for a few hours.

Early the next morning, Yang Ming got up.

It's already past seven o'clock in the morning.

The weather in Xiangjiang is still very good now. When Yang Ming went to swim in the swimming pool, Yang Jirong looked at Yang Ming worriedly and said: "Peter, something big happened in Xiangjiang last night. A debt crisis broke out in all Chinese banks in Xiangjiang. It has begun." There is a squeeze, I wonder if Imperial Group’s funds are safe?”

"Daddy, don't worry, our Imperial Group's funds are safe."

At this time, Yang Ming sat down and Ah Zhu brought the newspaper. Yang Ming noticed that there were branches of major Chinese banks in the Central District of Xiangjiang, Xiangjiang Kowloon, Xiangjiang New Territories, and even Hangzhou Bank, Bank of East Asia, etc. There was a very serious queue for withdrawals.

These Xiangjiang citizens queued up outside those branches all night long, waiting for them to rush in and withdraw money as soon as the bank opened today.

For many Xiangjiang citizens, even if they only have tens of thousands or even hundreds of thousands in the bank, these are the hard-earned hard-earned money of their family. If all their deposits are really lost, they will not be able to withdraw it. , doesn’t that mean all the hard-earned money is gone?

Yang Ming noticed that these newspapers and periodicals all had such reports.

Following the Chinese-funded bank craze that broke out in the 1960s, the largest Chinese-owned bank craze in Hong Kong's history has once again erupted.

Unprecedented banking crisis!

...

Yang Ming finished breakfast with his parents, but he did not stay any longer.

Get in the car and ride to the Imperial Group headquarters.

I just came to Imperial Group.

At this time, Lin Xiuzhi, Mailisi, Tang Shilian and others were already waiting for him.

"Boss, things are going crazy outside now. Many people are queuing up to go to the bank to withdraw money, including some employees of our company who have also taken leave to withdraw money."

It is obvious that the citizens of Xiangjiang no longer have any trust in those Chinese banks.

Just as the debt problem broke out at Hang Lung Bank, the third largest overseas trust bank in Hong Kong unexpectedly broke out into a check wheel scandal and a hole problem caused by large-scale losses.

It was even reported that Huang Changzan left words before surrendering, saying that all Chinese banks in Hong Kong have debt problems, and that all Chinese banks in Hong Kong are not safe, but many of them are hidden.

Under such circumstances, how could those Xiangjiang citizens dare to relax?

chapter Five!

Please subscribe!!
Chapter completed!