Hong Kong Movies: You Hongxingzi, what the hell is the charity king?

Chapter 550 "549" Guan Zu opens a bank? Big Daddy is here!
The following Friday, it continued to fall.

On Friday, Saturday and Sunday, HSBC mobilized its reserve funds and prepared to start pushing up stocks in the new week.

Monday and Tuesday of the new week,
The price gouging scheme began, and HSBC continued to buy large amounts of HSBC shares.

In addition, the Hong Kong Stock Exchange publicly stated that as an important financial component of Hong Kong Island, stability is the overall situation, so the margin ratio was increased to 120%.

At the same time, HSBC also held a press conference: HSBC has strong capital and is not afraid of any short selling.

A series of heavy punches, many
Some retail investors shouted: "Fortune comes from risk, HSBC will definitely succeed!"

They all bought in.

then,

HSBC shares are back on the rise again.

In the stock market, retail investors are divided into two camps.

There was a huge quarrel.

You despise me and I despise you.

Then start spraying.

"Are you guys idiots? The King of Hell has sent an invitation, and you still dare to buy it?"

"What do you know? HSBC has huge financial strength and is backed by the Hong Kong Stock Exchange. So what if Guan Zu is the King of Hell?"

"That's right, there are HSBC people everywhere. The Five Star Group is nothing, and the King of Hell is nothing!"

"Hahahaha...you foreign-educated people are so superstitious about HSBC...get ready to die!"

“You don’t understand the greatness of HSBC!”

"Crazy line!"

……

……

And where is Guan Zu at this time?

Now that all HSBC shares have been "borrowed", we can naturally enter the second stage!
Get started!
Acquire a bank!

He began meeting with banks.

Wednesday, 10 a.m.
The sun is shining, warming the bustling city of Hong Kong Island in November.

peninsula hotel,

Guan Zu brought Chen Yongren here.

This time, he made an appointment with Mr. Wu from Wing Lung Bank.

Wing Lung Bank is a family-owned bank. The Wu family holds 70% of the shares, and the remaining 25% becomes circulating shares.

In 1933, Yonglong Bank opened for business.

In early 1980, Wing Lung shares were listed.

In 1987, Standard Chartered Bank withdrew and 10% of the shares returned to the Wu family, increasing their shareholding from 60% to 70%.

This year, due to poor management, the Wu family is preparing to introduce external funds to save the bank. Currently, Wing Lung Bank is approaching the Development Bank of Singapore to sell 10% of its shares, with an estimated value of about 70 billion.

The current Mr. Wu, who is in his 50s, is the son of the first generation Mr. Wu.

Jialin Hall, a private room.

"Mr. Wu, I have heard of you for a long time."

"Mr. Guan, nice to meet you."

"This should be Mr. Chen Yongren, I have heard of him for a long time..."

The three of them sat down.

Accompanied by secretary assistant.

Then there was a round of greetings. When Guan Zu came, he found some information about the Wu family and began to flatter Mr. Wu, the father of Boss Wu.

Mr. Wu’s ancestral home is in Xingtan Town, Shunde, Guangdong. He is a great philanthropist. His contribution can be expressed in one sentence: the country named the asteroid with the international number 3570 "Wu** Star".

After three rounds of drinking,

Guan Zu ended the pleasantries and got down to business.

"Mr. Wu!"

"I heard that Wing Lung Bank is currently discussing with the Development Bank of Singapore about acquiring a stake in Wing Lung..."

Boss Wu was surprised: "Yes, I didn't expect Mr. Guan also knew about this."

Guan Zu smiled: "Then I will get straight to the point. I wonder if Mr. Wu has any thoughts on selling Wing Lung Bank?"

"sell?"

Boss Wu was stunned for a moment.

Then ponder.

The Wu family's current industries are basically concentrated in the banking industry, and then involve insurance and securities businesses.

This time, when Guan Zu wanted to short HSBC, he approached Wing Lung Bank to borrow HSBC shares.

At present, the total assets of the Wu family are estimated to be around 60 billion.

What's worse is that due to the huge competition in the banking industry in Hong Kong Island, Wing Lung Bank's business is not very good. This is also the reason why Standard Chartered withdrew its shares and Wing Lung sought new investment shareholders.

(ps: In 2008, the Wu family sold Wing Lung Bank.)
Currently, Wing Lung Bank can only barely maintain its situation, and it is too difficult to grow and develop.

However, Boss Wu is not optimistic about the future of Wing Lung.

Regarding Guan Zu's acquisition offer, he couldn't help but start weighing the pros and cons.

It would be better to introduce the Five Star Group than to introduce Singapore capital.

Boss Wu: "I wonder how many shares you plan to buy, Mr. Guan?"

Guan Zu smiled and drank his tea: "Of course I hope to buy them all..."

Boss Wu shook his head quickly: "I'm afraid that won't work... On the one hand, I hope to become a partner with Mr. Guan, and selling everything is not the best option for our Wu family. On the other hand, I believe that if Mr. Guan buys a stake in Wing Lung Bank, it will definitely cause the market value of Wing Lung Bank to soar rapidly. My Wu family also wants to get on board the Five Star Group..."

Boss Wu is well aware of how outrageous the reputation of Guan Zu and the Five Star Group is in Hong Kong Island.

As long as the call is made, citizens all over Hong Kong will rush to deposit money in this bank.

The value of the bank will definitely soar, and it won’t be a problem if it increases several times!

Other banks, especially small banks, after losing a large amount of deposits, either died on the spot due to bank runs or died a slow death.

and many more……

Boss Wu thought about it carefully and suddenly felt a little horrified.

Combined with Guan Zu’s short selling of HSBC…

Guan Zu is planning to play a big game!

The more I think about it, the more terrifying it becomes.

If the Five Star Group really intervenes in the banking industry, with its reputation, it can definitely wipe out many small banks.

He couldn't help but look at Guan Zu.

Guan Zu sat there, smiling and drinking tea, still so kind and warm, but at this moment Mr. Wu felt a little more awe in his heart.

Does Wing Lung Bank still have hope of survival?

For my small bank, it seems that the only way out is to let Guan Zu invest in it!

Thinking of this, Boss Wu quickly said, "Mr. Guan, I am willing to sell you 60% of our Wing Lung Bank shares, but I hope that our Wu family can keep 10% of the shares and keep it unchanged!"

Guan Zu: "What percentage of the shares are in circulation on the market?"

Boss Wu: "The circulating shares account for 25%. Our Wu family holds 70%, and the remaining 5% is jointly held by the other four Chinese banks."

"In order to save the cost of laying out the cash deposit ATM network, five Chinese banks joined together, held shares in each other, and formed a company, agreeing that the five Chinese banks would share the ATM network. And this company held 5% of the shares."

When Guan Zu heard this, he took it seriously.

ATMs are indeed very important.

Guan Zu nodded: "Okay, then minus 25% of the outstanding shares, I will leave you 10% of the shares, and I want the remaining 65% of the shares."

When Boss Wu heard this, he was delighted.

Become!

Boarded the Five Star Group’s big ship!

Guan Zu: "In the next few days, I will appoint Ah Ren as the head of Future Bank to negotiate with you on the specific purchase price."

From now on, Chen Yongren will be the first person in charge of the bank.

Boss Wu quickly toasted Chen Yongren: "Mr. Chen, please take care of me in the future!"

Chen Yongren raised his cup: "I dare not."

Compared with the previous stinking undercover agent, Chen Yongren, who has gone through two years of experience in the Five Star Group, has become more calm, profound, and dignified.

Guan Zu: "Next, I want to contact the other four Chinese banks to see if they are willing to sell their shares."

One Wing Lung Bank could not satisfy Guan Zu at all.

More Chinese banks will eventually be reorganized into a large five-star bank. This is Guan Zu’s goal.

If these Chinese banks are willing, they can be our friends.

Not willing to...

Sorry, if the eldest and second brothers fight, it is easy to kill the third brother. Boss Wu hurriedly said: "How about tonight? I will invite them out tonight and talk together."

Guan Zu raised his glass and smiled: "Then I'll trouble you, Mr. Wu..."

……

That night,

Guan Zu met the bosses of the other four Chinese banks.

They are basically Chinese family banks, similar in nature to Wing Lung Bank.

finally,
In one of the companies, the boss felt that it would mean a loss of autonomy and did not agree.

The remaining three banks all agreed to be acquired by Guan Zu.

This means that as long as Guan Zu succeeds in the acquisition and reorganizes it into a large company, it will have 31 business outlets and 353 ATMs across Hong Kong, which can barely cover the entire Hong Kong Island.

……

The next day, Guan Zu continued to meet with other bank owners to discuss acquisition intentions.

The second step is to negotiate the acquisition with the bank that has agreed with the deal.

Naturally, this news could not be covered up, and it spread quickly.

It directly caused a shock in the financial circle.

More than 100 banks in Hong Kong, especially the small banks, were panicking at this moment.

The big crocodile is coming!

With Guan Zu's terrifying appeal, this bank will definitely be a super giant.

The banking industry will usher in a new reshuffle!
Small banks are left with only one option: either slowly die or join Guan Zu’s Five Star Bank.

It was really a PK between the eldest and second brothers, and they killed the others.

In addition, they also realized: No wonder Guan Zu dared to short sell, it turned out he was waiting here!

Wrong!

……

At noon

12: 00,

Guan Zu no longer concealed the truth.

ATV reported the news directly.

"Recently, the Hong Kong financial circle has been stirred up by a large-scale bank acquisition, and the protagonists are Mr. Guan Zu and the Five Star Group, who initiated the short-selling of HSBC."

"According to Asia Television's exclusive interview with Mr. Guan Zu, Mr. Guan Zu revealed that the Five Star Group has successfully reached acquisition intentions with eight banks and the relevant acquisition negotiations are being carried out in full swing."

"Once the acquisition is completed, the Five Star Group will be reorganized to form Five Star Bank, which will have more than 50 business outlets and more than 500 ATMs, building a new banking system for Five Star Bank that integrates points, lines and surfaces."

"In the interview, Mr. Guan Zu said that this move is to build a comprehensive bank with great influence in Hong Kong and even Asia... to provide financial stability for Hong Kong Island in the future..."

The last shot was given to Guan Zu.

Facing the camera, Guan Zu smiled and said: "After the Five Star Bank is reorganized and established, all citizens who support the Five Star Group are welcome to deposit their money in the Five Star Bank. We will provide all customers with five-star services!"

Citizens across Hong Kong support: Brother Zu, be loyal!

As the midday news came out,
Some stock investors in Hong Kong are gloating over the misfortune, while others are crying and screaming.

"Luckily I run fast!"

"As long as I run fast, the King of Hell can't catch up with me!"

"The living devil! The stock market is the living devil!"

"Haha, those leeks who firmly believe in HSBC will be killed this time!"

“Other banks will surely also fall sharply…”

“It’s terrible~~~”

"Wuwuwu~~Why should I hold on?"

"Guan Zu is simply poisonous. Forget it, I can't afford to offend him. I'm going to retreat!"

He was beaten again and again, but he continued to be beaten every time.

……

……

HSBC Building.

As Guanzu News reported,

HSBC’s top management felt they were facing a powerful enemy.

They had a premonition that a major banking earthquake was coming.

Especially Guan Zu’s last words, which means that all the funds in Hong Kong should be piled up in Five Star Bank!

HSBC is in trouble!

Ainol's face was solemn, and he called his secretary: "Convene an emergency meeting of senior management immediately, and gather in the conference room in ten minutes!"

If Guan Zu successfully acquires and restructures these banks, it will pose a huge threat to HSBC's financial position in Hong Kong.

Ten minutes later, HSBC executives gathered in the conference room.

Everyone looked very serious.

"Everyone saw the news at noon, right?"

"Everyone, Guan Zu's series of actions are obviously intended to bring about a revolution in Hong Kong's banking industry..."

"Next, we at HSBC cannot just sit there and wait. We need to develop a detailed plan, starting from market expansion, customer service, product innovation and other aspects, to ensure that HSBC remains invincible in this competition..."

……

……

At the same time, in the president's office of Standard Chartered Bank, the president was sitting around a conference table with several core executives, discussing the news of Guan Zu's acquisition of the bank.

"Guan Zu's move is very aggressive... Even if his target is HSBC, I'm afraid that Standard Chartered Bank cannot stay out of it..."

……

Bank of East Asia.

In the chairman's office, the chairman was discussing countermeasures with several vice-chairmen.

“Although Guan Zu’s acquisition actions seem to target some small banks, they will have an impact on the entire Hong Kong banking landscape.”

"As the largest independent local bank in Hong Kong, Bank of East Asia must respond with caution..."

"I hope HSBC doesn't die, but ends up beating us to death..."

...

With Guan Zu's acquisition, a huge storm swept the entire banking industry.

of course,

Many banks also cursed.

HSBC you are an idiot!

Why do you bother Guan Zu for no reason?
……

in the afternoon,

13: 00,

Hong Kong stocks open!
Not only HSBC, but stocks of all banks in Hong Kong fell.

Stock Exchange Trading Floor,

Many stock investors began to show that "people's joys and sorrows are not the same."

The stubborn retail investors who had invested in HSBC began to sell off their shares.

"The Li family is in decline, Taikoo is in decline, and now it's HSBC's turn to decline..."

"Forget it, I can't afford to offend you, I'll retreat!"

HSBC’s stock began to fall -1-1-1-1…

Not only HSBC, other bank stocks also fell, some even more sharply than HSBC.

In one afternoon, HSBC fell 8%.

The three major banks, Standard Chartered, Hang Seng and Far Eastern, fell by more than 10%.

There are other banks that are even worse off.

The only one that bucked the market trend was listed Wing Lung Bank, which surged 20% because its market cap was too small.

At this time, in the trading hall of the Hong Kong Stock Exchange, there was a retail investor who cursed: "Fuck, I didn't even know that Wing Lung was acquired by Guan Zu, and I actually sold it."

"Just kill me!!"

"Ahhhh~~~~"

Seeing this retail investor go crazy,

Other retail investors finally felt a little better.

(End of this chapter)