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

Chapter 556 "555" All of Hong Kong: Brother Zu, be loyal!
"The glory is not mine alone!"

"You will definitely be part of the success!"

As Guan Zu finished speaking, all the reporters in the audience went crazy.

In the press box, a reporter from Caijing clenched his pen and wrote in his notebook: "Five Stars is madly fucking the banking industry, and major banks are powerless to resist!"

Banks, insurance companies, trusts, and other financial companies all went crazy at this moment.

Crash the market!
He is crashing the market!
Among the TV viewers in Hong Kong, the ordinary citizens, the sentimental ones already had red eyes and tears falling, while the rest were all moved in their hearts.

Mr. Guan!
loyalty!

But there is another group of people, the poor, who have no money in their pockets but are very disappointed. 2 Hong Kong dollars is a huge chasm for them.

They have no money, so they have no way of getting this wealth.

Sham Shui Po Sunshine Community No. 1,
A group of citizens staying here were watching TV, feeling dejected.

“We have no money at all.”

"2, where can I get enough?"

"It's all our own fault..."

Gu Yaozu, Taoist priest, Tang San, Ah Hui...

They all want it, but they are powerless.

2 is not so easy to earn. They now have housing provided by Five Star Property and Five Star Charity, but they still need to solve their own food and clothing problems and can only save a little bit every day.

At this time,
Guan Zu hadn't finished yet.

“I know that there are many poor citizens in Hong Kong, including those in the Sunshine Project, who simply do not have enough money to buy this share…”

"You don't have to worry!"

"As long as you provide proof of poverty and pass the review of Five Star Property, Five Star Bank will provide you with an ultra-low interest loan of 2 Hong Kong dollars to purchase this share."

"The installment is 50 months, with a monthly repayment of HK$400 and an annual interest rate as low as 1%."

At this moment, all the poor citizens in Hong Kong stood up straight.

"???"

"Can you give us a loan?"

"it is good!!"

Gu Yaozu slammed the table.

Ah Hui, Tang San and others cheered.

A warm current surges in my heart.

Mr. Guan said: "Hong Kong Island's rise can also take them along."

At this moment, it materializes again.

thanksgiving!

……

In the following time, Chen Yongren went on stage to give a speech, further elaborating on what Guan Zu had said.

The talk lasted for a full hour.

This was followed by a question-and-answer session.

A financial reporter: "Mr. Chen, the establishment of Five Star Bank will definitely cause the stock price of the bank to plummet and bank runs to occur frequently. This makes people worry. Does this indicate the coming of a financial stock market crash?"

The first question is extremely sharp.

That's right!

Financial crisis!

Stock market crash!

The Five Star Group's powerful ability to absorb deposits could really lead to the collapse of the banking sector and, in turn, a stock market crash.

Chen Yongren looked calm and determined: "First of all, I must make it clear that although the establishment of Five Star Bank will bring an impact to the industry, it does not mean that a financial crisis is bound to come."

"We have clear and feasible plans to deal with the current bank run and the possible decline in bank stock market."

"The specific plan is: for small and medium-sized banks, we will take over the debts of individual depositors of small banks."

"At present, we have signed underwriting agreements with more than 60 small and medium-sized banks."

"The list of these banks will be broadcast on ATV's midday news. Please pay attention to it, Hong Kong residents..."

"There are more than 30 small and medium-sized banks that are still in consultation..."

"As for the major banks, we have full confidence in their strength..."

To put it simply: HSBC, Standard Chartered, Hang Seng and Bank of East Asia, you all have to bear the crisis on yourselves.

Chen Yongren's voice fell,

There were no reporters in the hall for a while, and everyone was just digesting these words.

They all realized that during the period of restructuring of Five Star Bank, a lot of preparatory work was done to keep the Hong Kong stock market as stable as possible.

Not long after, another reporter asked, "Mr. Chen, Mr. Guan Zu just mentioned that Five Star Bank will absorb deposits at high interest rates, which will undoubtedly increase the bank's operating costs. For banks, deposits are undoubtedly liabilities, and Five Star Bank has launched such a large-scale plan to let citizens share shares. Will Five Star Bank bear huge liabilities and interest pressure?"

Chen Yongren is full of confidence: "Please rest assured that we will continue to hold press conferences to explain our future plans to the whole of Hong Kong. Five Star Bank is not taking blind risks, but actively innovating on a sound basis to bring new vitality to the Hong Kong financial market."

Then I continued answering questions for another hour.

It was already 11:40.

Chen Yongren: "Finally..."

"There is another announcement..."

"Five Star Bank will be officially listed on the Hong Kong stock market tomorrow, Friday, January 1..."

“After review by the China Securities Regulatory Commission and the Hong Kong Stock Exchange, the specific listing data are as follows: total share capital: 400 billion shares (after listing), outstanding shares: 80 billion shares (20%), issue price: HK$10 per share.”

All the reporters and photographers were thinking frantically...

400 billion shares*10 Hong Kong dollars = 4000 billion Hong Kong dollars...

This listing valuation is slightly higher than the previous valuation of 3300 billion, but it is not outrageous.

Combined with the "Million Shareholding Plan" launched by Five Star Group, the possibility of a price break (falling below the issue price) is very low.

Once it rises, the market value of Five Star Group will exceed 4000 billion Hong Kong dollars.

Chen Yongren's last sentence: "Our Five Star Bank has also obtained the authorization and consent from the Securities and Futures Commission, the Hong Kong Stock Exchange, and the Hang Seng Index Company to officially join the Hang Seng Index list, contributing to the stability of the Hong Kong stock market..."

The press conference officially ended.

……

……

HSBC Building.

Boss Ainol watched the entire press conference of Five Star Bank.

I was simply mad at Guan Zu's shameless behavior.

“The purpose of opening a bank is to make money!”

“Banks all over the world do this!”

“Why does your Five Star Bank give money to the poor?”

"For the sake of the market, you are losing a lot of profits. Aren't you afraid of losing everything?"

“Fuck!!”

"Aren't you afraid of causing a stock market crash by doing this?"

A sharp drop in financial stocks will directly lead to one situation: the stocks held by retail investors suddenly become "waste paper", and they need to go through a long legal process to recover the repurchase funds, so they will be very panic; and the shareholders of the banks that have not delisted are worried that "it will be their turn next" and will accelerate the sale of their stocks.

This will in turn pull down the Hang Seng Index and trigger passive selling of index funds and ETFs, creating a vicious cycle of “falling stock prices – fund redemption – further selling”.

of course,

What Chen Yongren reported - underwriting the savings debts of small banks - will definitely have an effect, but no one knows how much of an effect it will have.

We will have to wait until the stock market opens in the afternoon to know the specific situation.

But Enol still felt that

When banks suffer losses, their share prices will naturally plummet, which will further affect the Hang Seng Financial Index --> Hang Seng Index...

There is a certain probability that a financial crisis will occur.

At this moment, he laughed out loud in surprise.

Don’t these British people want chaos in Hong Kong?

Now is the chance!
"Guan Zu, ah Guan Zu, this time, I will make you spit out all your blood!"

He immediately called someone abroad.

Go short! Go short hard!

Use international funds to reap the benefits of Hong Kong Island.

"Beep beep..."

After a few busy tones, a steady British accent came from the other end of the phone: "This is HSBC International Headquarters, I'm the secretary of the executive director..."

"Please pass this on to Mr. Robert. I have something very, very important and urgent to report."

quickly,

The executive director over there answered the phone.

"Mr. Robert, I am Enol from Hong Kong Island..."

Ainol explained the whole story quickly and clearly.

"Wow, this feels like an opportunity!" Robert made a surprised sound.

"Yes!" Ainol said, "Once financial stocks plummet, the share prices of small banks will be cut in half again and again, and many of them will not be able to hold on and will be delisted... At that time, it will definitely affect the Hang Seng Index... There is a high possibility that there will be a stock market crash in Hong Kong!"

"Don't be impatient...it's easy to make mistakes if you're impatient. Let me think about it carefully."

There was silence on the other end of the phone for more than a minute, and Robert slowly said, "It does sound feasible, but we need a lot of money, and we need to join forces with other international capital to share the risk..."

"Moreover, meetings are needed to study and discuss this. You should understand that with such a huge amount of money involved, it will take a lot of time."

Ainol: "Can it be done in a week?"

Robert: "No, it's not that easy. It will take at least a month, and at least half a month. You are in Hong Kong Island, and you are familiar with it, but other shareholders of HSBC are not familiar with Hong Kong Island. It would be best if you could go back to the UK in person. And lobbying international funds will take even longer."

"I……"

Ainol really wanted to say, if I leave Hong Kong Island, how can I take charge of the overall situation.

……

……

the other side,
Five Star Group Building.

When Guan Zu and Chen Yongren were discussing something, the system's reward came.

"You will distribute 30% of the shares to the citizens, half selling and half giving away, to benefit the public..."

"You get the following rewards:"

"Penalty 1: Your bank's actions will cause a large number of financial industry employees to lose their jobs, and will also cause many retail investors in investment banks to suffer heavy losses. Hong Kong Island citizen support rate -1% (40%)"

Guan Zu: “…………”

After a careful look...

Oh, it seems that I don’t care about them that much.

Bank clerks are all wealthy men.

There are also retail investors in investment banks...most of them are people with some wealth.

Therefore, you don’t need to care too much about these people.

"Reward 1: Hong Kong Island citizen support rate +6% (46%)!"

"Reward 2: "Five-Star Halo": The entire Five-Star Group's learning growth +10%..."

Guan Zu took a look at the system rewards.
The "Five-Star Halo" reward is simply amazing.

"Reward 3: "Top (World) Secretary Talent Card" * 10, "Top (World) Management Talent Card" * 10..."

"Reward 4: "Calling Authority" * 1. Because what you have done is so great and glorious, most of the citizens are very grateful to you and trust you very much. You can use the "Calling Authority" to gain strong support from the citizens once..."

Hissssssss~~~~
Guan Zu took a breath.

This is even better stuff.

The last time, the "unreasonable suggestions" in Causeway Bay were limited to Causeway Bay, but this time it is directly applicable to the whole of Hong Kong.

Recover your mind,

Guan Zu drank some tea to calm himself.

Next to him, Chen Yongren continued to serve Guan Zu.

Guan Zu continued:
"Next, we still have a lot of work to do."

"First of all, among the more than 30 small and medium-sized banks that have not signed the underwriting agreement with us, five are listed companies. You should call them directly and give them an ultimatum. If they still don't sign this afternoon, they will not sign in the future. Then let them go bankrupt!"

These are all rich people, so Guan Zu naturally won't take care of them.

It's funny to feel sorry for capitalists.

Chen Yongren nodded: "Okay."

Guan Zu: "The second thing,"

"In the coming period, Five Star Bank will surely see citizens depositing money crazily, and we need to spend the money as soon as possible, otherwise Five Star Bank will definitely face an interest crisis..."

"However, I had already discussed this with the leaders of Guangdong Province the last time I went to Guangdong Province."

"Shenzhen, Guangdong Province, has a large population, abundant resources, but little money. There is a huge funding gap..."

"We can support large, medium and small enterprises in Hong Kong Island to enter Guangdong Province..."

"There are more than 10 billion people there, the market is completely blank, and there is huge room for growth..."

"No matter how much money you make, it's never too much over there."

"And there is another point. As long as the citizens of Hong Kong Island make money in the Mainland, it will naturally deepen the relationship between the two sides, and then there will be a smooth transition..."

Guan Zu sneered.

Aren’t there a lot of cockroaches in later generations?

It did cause some trouble.

As long as the citizens of Hong Kong Island are bound to the mainland to a certain extent, then a mere cockroach won’t be able to cause any trouble!

Chen Yongren nodded.

Sincerely convinced.

As expected of the boss, he has a much longer-term vision than mine and takes everything into consideration.

I need to learn more.

Guan Zu warned: "For this matter of funds going north, you have to do two things!"

Chen Yongren: "Brother Zu, please speak."

Guan Zu: "First thing: you need to go to Huaxin News Agency in person and talk to the leaders. Then go to Guangdong Province and talk to the leaders."

"After the discussion, the second thing is to go back to Hong Kong Island and find those medium, large and small enterprises that are willing to move north. This requires a patient person to negotiate..."

Guan Zu thought for a moment and said, "Let Jimmy go."

Jimmy has never had a chance to show his abilities, so let him go this time to show his abilities and accumulate some experience.

Chen Yongren solemnly said: "Leave it to me!"

Guan Zu: "Also...if these business owners are worried about the mainland, then our Five Star Group can serve as a credit guarantee."

Chen Yongren smiled: "Yes, with the Five Star Group's reputation guarantee, there shouldn't be any problems."

The Five Star Group has now become a giant with a high reputation. With the guarantee of the Five Star Group, medium, large and small enterprises can naturally feel at ease.

If it were HSBC, they would be afraid of being taken advantage of by HSBC.

This is word of mouth!

What Guan Zu needs to do is to utilize the human and financial resources of Hong Kong Island to complement the human and material resources of the mainland.

Let’s grow bigger and stronger together!
It can also support the huge amount of deposit funds that will soon arrive at Five Star Bank.

N birds with one stone!
Chen Yongren nodded: "No problem."

Guan Zu stood up and came to the French window.

"People like HSBC and Standard Chartered will definitely stir up trouble... maybe even cause a stock market crash..."

"but……"

Is Guan Zu confident?

Have.

He has already talked to the leaders in the north and the leaders of the Bank of China, and has sufficient guarantees.

Moreover, as long as Five Star Bank succeeds this time and stabilizes the Hong Kong stock market, it will be enough to establish Five Star Bank's absolute position in Hong Kong Island.

98 financial crisis?

Whoever dares to come will die!

You can even go to Southeast Asia, Japan and South Korea to reap the rewards, turning Hong Kong's wallet from B to E.

(End of this chapter)