83 Des Voeux Road, Central, Hong Kong.
There stands a slightly old building.
The owner of this building was once the leader of Chinese banks.
Now a subsidiary of HSBC Group - Hang Seng Bank.
The Hang Seng Bank Building was completed in 1960.
It took two years to build, has a total of 22 floors, and cost a total of HK$50 million.
The exterior walls are made of glass curtain wall and aluminum.
The reinforced concrete and decorative materials used in the interior walls were the most advanced building materials at the time.
After it was built, it became famous all over the world.
Countless colleagues and ordinary people all looked at him sideways and looked up at him.
But what is unexpected is.
Twenty years later, Hang Seng Bank will be like this building.
It has lost its former glory and is forever subject to the tyranny of the giant HSBC.
At this time, in an ancient and elegant office on the top floor of the building.
An old man with white hair and a youthful face was sitting in the boss chair wearing reading glasses.
He was looking at the financial statements and making quick comments.
The old man is Ho Sin Hang, the most outstanding Chinese banker since the founding of Hong Kong, the founder of Hang Seng Bank and the creator of the Hang Seng Index.
“Bang, bang, bang!”
Hearing the knock on the door, He Shanheng put down his pen, took off his reading glasses, took a sip of tea, and then slowly said:
"Come in!"
After a while, Li Guowei pushed the door open with a stack of documents, his face revealing a hint of anxiety.
"Mr. He! I have something important to report to you!"
He Shanheng looked at his successor's serious face and realized the seriousness of the matter. He then stood up and pointed to the sofa beside him:
"Don't worry, the sky won't fall. Sit down and talk."
Li Guowei adjusted his glasses and calmed himself down.
Then he solemnly blurted out all the information about the Jianing Group.
Then he handed over the stack of documents he had brought with him:
"Mr. He! This is the information I just collected about the Baishunning Group's offer of HK$1.68 billion to fully acquire the entire equity interest in the Golden Gate Building. I found a huge loophole in it. Baishunning Group definitely did not pay the full amount. This is certain."
"I'm also using my connections in Malaysia to investigate the news about U-Ming Finance's overseas investments in recent years. If this can be confirmed, it would show that Chen Songqing is not a representative of a major chaebol, but rather a scammer seeking loans from us."
"As for other unfavorable news regarding the Jianing Group, I am sending people to investigate. I believe there will be results in the next few days."
After hearing this, He Shanheng couldn't calm down for a long time. This news was really shocking.
If the Carrian Group really goes bankrupt due to heavy debts, it will really shake the reputation of Hong Kong and Kowloon.
I'm afraid that countless bank bosses in Hong Kong will have sleepless nights, including his Hang Seng Bank.
He silently took out a cigar from the exquisite box on the tea table, handed one to the other person, and lit one for himself.
He concentrated on looking at the stack of information handed to him by the other party.
For a moment, the only sound in the huge office was the rustling of pages turning.
Until the cigar burned to the end.
He Shanheng came back to his senses, and then said with a little excitement:
"Guowei! Tell me what you think?"
"Chairman! The once-in-a-lifetime opportunity we've been waiting for has finally arrived."
Li Guowei could no longer control his inner excitement and spoke out what he had hidden for many years.
In 1965, when Middlebury Bank went bankrupt due to a bank run.
It also caused the credibility of all Chinese banks to plummet to the bottom, and foreign banks naturally would not miss the opportunity to suppress Chinese banks.
Through a large amount of public opinion guidance, the bank run quickly spread to all Chinese banks in Hong Kong.
As the leader among Chinese banks, Hang Seng Bank was naturally implicated.
At that time, the total deposits of Hang Seng Bank reached HK$720 million.
There is a constant stream of people coming to Hang Seng's head office and branches.
No matter how Ho Sin-hang and Hang Seng's senior management explained, guaranteed and advised the depositors, they could not eliminate the depositors' fear.
This also instantly caused Hang Seng Bank's funds to dry up.
After all, no bank in the world can withstand this kind of bank run that is like cutting off the financial resources.
Only a national bank that links its reserves to gold or foreign exchange can face it with confidence, because the national bank can start the printing press.
So Ho Sin Hang could only seek help from some wealthy businessmen and bankers with whom he had close contacts in the past, but surprisingly, no one extended a helping hand.
In desperation, they could only seek help from foreign banks, and HSBC stepped forward.
He agreed to help Hang Seng Bank overcome its difficulties, but he wanted 51% of Hang Seng Bank's equity.
He Shanheng naturally would not agree, even if he agreed.
Hang Seng Bank will become a subsidiary of HSBC.
But the situation was stronger than people, and under the pressure of the bankruptcy crisis, they had no choice but to give up 51% of Hang Seng Bank's shares.
The person in charge of the negotiations with HSBC's Taipan Sanders at that time was Li Guowei, because he was the only senior executive of Hang Seng Bank who could speak English.
So when the outside world criticized him, the blame was always placed on Li Guowei.
It left him with no way to express his suffering and became a thorn in his heart.
Wait until everything is settled.
He Shanheng learned the truth of the matter from a wealthy businessman who had been his friend for many years.
It turned out that everything was a plot set up by HSBC, just to take down Hang Seng Bank, the leader of Chinese banks.
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
Continue read on readnovelmtl.com
