As soon as he finished speaking, the conference room door was pushed open, and twelve American men in suits walked in.
Although they were few in number, each of them possessed an extraordinary presence, and the way they walked gave people a feeling of solidity and weight.
They've come with ill intentions!
An idiom came to everyone's mind.
Shen Dong revealed a playful smile.
He had long anticipated that representatives of these American conglomerates would appear at his press conference.
Among the crowd, Jian Aowei, Ou Yongen, and a man around fifty years old simultaneously frowned.
"What do they want here?" Ou Yongen asked.
The man said, "These people are all big shots in the American conglomerates. I guess they're trying to suppress Mr. Shen."
Ou Yongen was taken aback and asked, "Uncle Liu, how are they suppressing us?"
It turns out that this man was Liu Dong, whom Ou Yongen had recommended to Shen Dong.
Liu Dong adjusted his glasses and said, "The foundation of a bank is its deposits. As long as these wealthy Americans withdraw their deposits, it will have an extremely negative impact on Hang Seng Bank."
Ou Yongen quickly asked, "Then what should we do?"
Liu Dongdao said, "Mr. Shen must find a way to make depositors feel at ease with Hang Seng Bank in order to eliminate these effects."
Jane Austen said, "It's too difficult."
Liu Dong said, "But I noticed that Mr. Shen seemed very calm, as if he had expected these people to come."
Ou Yongen said, "I believe Dong Ge will definitely be fine."
Looking at the group of people on the stage, Shen Dong chuckled and asked, "Is there anything you all want to do?"
Standing at the front was a middle-aged man with half-gray hair. He said coldly, "We are major clients of Hang Seng Bank and have decided to withdraw all our funds starting today."
Shen Dong said "Oh," and asked, "Sir, who are you? How much money do you have in Hang Seng Bank?"
The middle-aged man said, "My name is Allen, and I am the president of Coca-Cola's Asia region. Our company has about 1.2 billion US dollars deposited in your Hang Seng Bank."
Shen Dong nodded and said, "So you are indeed a very important client. But Mr. Allen, you must understand that according to the agreement, once you withdraw the 1.2 billion US dollars, the interest you have worked so hard to accumulate will be gone, which is tens of millions of US dollars."
To attract high-quality clients like Coca-Cola, major banks typically offer very high annual interest rates, at least around 7% per year.
Even if half of these $1.2 billion were in fixed deposits, the loss would still exceed $40 million.
Allen said coldly, "It's just a small loss; Coca-Cola can afford it."
A strangely dressed white woman standing nearby said, "Mr. Allen is right. Our OYA Cosmetics Company's $500 million deposit will also be withdrawn from Hang Seng Bank. Although the interest loss is about $20 million, it's still better than not being able to withdraw a single penny in the future."
Shen Dong smiled and said, "Madam, you don't need to spread alarmist rumors. I know that your American conglomerate doesn't trust me and it's normal for you to want to withdraw your funds. But to say that Hang Seng Bank, which I control, will go bankrupt and leave depositors unable to withdraw a single penny is going too far."
Allen said, "Mr. Shen owns 96 percent of Hang Seng Bank, which is almost equivalent to a private bank. If you abscond with the money, wouldn't we all be finished?"
Shen Dong laughed heartily and said, "Hang Seng Bank and Standard Chartered Bank have hundreds of billions of US dollars in deposits. Where do you expect me to run off with all that money? To the United States, the United States, or some other country? Mr. Allen, don't forget that my personal wealth has reached 30 billion US dollars. I have more money than I could spend in ten lifetimes. How stupid would I have to be to take Hang Seng Bank depositors' money and flee overseas?"
"Ha ha ha ha"
Upon hearing this, everyone couldn't help but laugh.
Shen Dong said, "Mr. Allen, you must be representatives of the American conglomerate, right? I'd like to know how much capital you'll be withdrawing from Hang Seng Bank?"
Allen said without hesitation, "There are more than a hundred companies of all sizes involved, with a total of 36.8 billion US dollars."
Wow.
"Damn, they're trying to kill Hang Seng Bank."
"The American conglomerates are really rich."
The reporters chattered amongst themselves while pointing their cameras at Allen and frantically snapping photos.
Shen Dong smiled and said, "Three hundred and sixty-eight billion US dollars is no problem. You can send someone to Hang Seng Bank this afternoon to handle the relevant procedures."
Allen raised an eyebrow and said smugly, "Without us, Hang Seng Bank would have lost a third of its empire. Mr. Shen, you're probably going to lose money on this deal."
Shen Dong said, "The outside world's concern about Hang Seng Bank is mainly about the six billion US dollars. As for where your American conglomerate's funds are, that's not within the scope of other depositors' considerations. If you withdraw, it might actually be a good thing for them."
Allen laughed and said, "Good news? Mr. Shen, have you lost your mind?"
Shen Dong shook his head and said, "Your withdrawal of US$36.8 billion will result in a loss of at least US$500 million in interest. Hang Seng Bank will not take a single penny of this money; it will all be used to subsidize future depositors. In other words, as long as any depositor keeps a deposit in Hang Seng Bank for more than three years and the amount exceeds HK$100,000, they will receive interest that is 30% higher than normal, until your Eagle Group's interest subsidy is exhausted."
"pretty!"
Liu Dong clapped his hands and said with admiration, "This move can only be called a stroke of genius."
Jian Aowei nodded and said, "Using the other party's money to subsidize his own clients, A Dong is really too ruthless."
Ou Yongen said smugly, "I knew this guy had a way. With a discount of up to 30%, Hang Seng Bank's customers definitely won't follow the American consortium out of business anymore."
Liu Dongdao said, "The biggest problem now is to rebuild the trust of Hong Kong people in Hang Seng Bank. After all, six billion US dollars is not a small amount."
Ou Yongen laughed and said, "Uncle Liu, this amount of money is nothing to Tengfei Group."
Liu Dong said in surprise, "I know your husband is the richest man in Hong Kong, but that's six billion US dollars. That's not a small amount for any of the world's richest people. You know, assets and liquid funds are two completely different things."
As soon as he finished speaking, Shen Dong on the stage gave Liu Dong an answer.
"In addition to the subsidies we just received, I would also like to announce something else. In the past three months, Ascendas Investment Company has made about 20 billion US dollars from the Japanese stock market, which is now sitting in our Ascendas Group's account."
"To put it bluntly, I don't even know how to spend this money?"
"As for Hang Seng Bank's loss of six billion US dollars, I didn't care about it at all."
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