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

Chapter 557 "556" Five Star Bank goes public, attracting attention from all of Hong Kong!

Noon, 12:30,

Mongkok.

In front of Hongxin Bank,

"Let me in quickly!"

"Don't stop me!"

"I want to withdraw all my money!"

"Five Star Bank is my own bank. I want to withdraw money and deposit it in Five Star Bank!"

"Yes, yes, yes. I don't know when Hongxin will go bankrupt. If it goes bankrupt, my money will be gone."

The crowd was so surging that the gate was blocked.

The business hall was so crowded.

Although the weather was a bit cold, the noise of the crowd made the atmosphere a bit tense.

And upstairs,
Bank shareholders gathered in the conference room.

The golden arowana swims back and forth in the fish tank, looking very leisurely.

The aroma of tea wafts out continuously, making people feel relaxed.

but……

This situation and situation,

The shareholders are still feeling very heavy.

"Everyone..."

The chairman of the board of directors said solemnly: "Our bank is facing a bank run crisis, and our cash reserves are only 20%. We can't cope with such a big run..."

"Last time, we rejected Five Star Bank's proposal to support the company. We thought we could save the situation. But this time, Guan Zu gave the 30% restricted tradable shares to all Hong Kong citizens. Now everyone has seen the situation downstairs and wants to withdraw their money!"

"We simply can't withstand this kind of run."

"And just now, Five Star Bank issued an ultimatum, saying that a decision must be made before this afternoon."

"Let's discuss whether we should accept the conditions of the Five Star Group."

One shareholder simply said: "Do we have any other choice now? If we don't accept it, we will go bankrupt immediately."

They are all capitalists, greed is their nature.

They don't want to sell their interests at a low price until the last moment.

However, Guan Zu's decision to distribute 30% of the shares to the general public made all the bank's shareholders a little desperate.

And now the number of people rushing to bank downstairs is really staggering, which just proves one thing - my bank is going to be ruined!
Therefore,
All they can do is -

surrender!

Another shareholder also said: "Although I hate Guan Zu for being such a loser, everyone knows his reputation in Hong Kong Island. Since he dared to make such a promise, he will surely keep his word."

Everyone is a businessman.

Although I hate Guan Zu.

But money is money, and if you can avoid going bankrupt, try your best not to go bankrupt.

As for seeking help from HSBC?

Let’s not talk about whether HSBC can protect itself. Given HSBC’s nature, it will probably swallow them up whole, flesh and bones.

quickly,

Unified opinion,

Call Five Star Group immediately.

Mr. Guan, spare my life!

10 minutes later,
The bank director came to the bank lobby sweating profusely, stood on a chair and held a loudspeaker.

at this time,

The bank clerk was counting money with smoking fingers as he withdrew cash for the citizens.

The place was crowded and everyone was in a hurry to withdraw money.

The director held a megaphone and shouted to the noisy crowd:
"Everyone, be quiet! Listen to me!"

"I am the director of the bank..."

"My name is……"

The citizens turned their eyes to them.

"Dear neighbors, please rest assured that we and Five Star Bank are important partners. Your savings accounts will be guaranteed by Five Star Bank."

"Five Star Bank has an outstanding reputation and strong strength, and will definitely ensure the safety of your funds!"

"There's no need to rush to withdraw money."

The director tried to sound confident.

However, there were voices of doubt among the crowd.

"Really? Is this credible?"

"Isn't that right? Your bank's name isn't on the list."

"Don't lie to us!"

Just when everyone was half-believing and half-doubting, people from Five Star Properties arrived.

Lee Chang-dong.

Many neighbors know Lee Chang-dong and have received help from him.

"Mr. Li!"

"It's Mr. Li from Five Star Property!"

"It's really coming."

The director breathed a sigh of relief.

With the arrival of the Five Star Group, everything became easier.

"Hello everyone, my name is Li Changdong, I am the person in charge of Yau Tsim Mong Five Star Property... I'm sure someone here knows me..."

As Lee Chang-dong entered the venue and delivered his speech,
The doubts in the hearts of the citizens gradually dissipated.

"I know Mr. Li. He is indeed one of the persons in charge of Five Star Properties..."

"Since the Five Star Group has promised, there should be no problem."

Gradually, the crowd dispersed.

The boss looked at the bank lobby which was gradually becoming more spacious and calmer, and a big stone in his heart finally fell to the ground.

……

The same scene happened in small banks across Hong Kong Island.

Those small banks had no choice but to curse Guan Zu as the "king of the industry" and "paraquat", while at the same time holding their noses, they sold their assets to Guan Zu at a low price, seeking help.

Of course, the good news is...

Although Five Star Bank cut prices and took advantage of the customer's misfortune, it actually maintained its bottom line and did not act too harshly.

They didn't lose any blood.

……

Some people swallow their anger.

Some people also have evil intentions.

A bank.

The chairman's office was filled with smoke, like a fairyland.

"Cough cough cough~~~~"

"Cough cough cough~~~"

"Douli, the Americans are all smoking, making the whole office full of smoke..."

"You bunch of losers, I've been diagnosed with lung cancer..."

A non-smoking shareholder with lung cancer is very irritable.

At this time, one of the shareholders slammed the table and said, "Fuck you! We have suffered so much loss this time. How about we find someone to kill the people from Five Star Group?"

"??"

All shareholders were sweating profusely.

“No, no, no~~~”

"You don't want to die?"

"If you want to die, don't drag us down with you..."

"If the bank loses money, it loses money. I still have a lot of money left to spend. It's not worth risking my life."

The brave shareholder was unconvinced and said, "We can find a killer."

"Killer, your sister. The entire Hong Kong underworld listens to Guan Zu. Do you believe that the killer will betray us?!"

"Besides, all the 20 or so mercenaries died last time. Guan Zu suffered no losses at all."

"What killer could do that?"

"Believe it or not, I will be the first one to report you!"

"........."

The brave shareholder was scolded harshly.

In the end, no one dared to bring up the matter of hiring a killer again.

Because he was afraid of being betrayed by these people behind his back... They really did it!

One or two, no loyalty!

……

……

At this time,
HSBC, inside the head office business hall.

The same thing happened at other banks.

The kind with loud gongs and drums and huge crowds of people,
"Get out of my way!"

"Stop crowding!"

"Who is it that pushed my ass? I'm a 60-year-old woman. How dare you do that to me? You are such a jerk!"

These citizens are here to withdraw money.

Five Star Bank is our own bank, so naturally I have to support myself.

So, they all came to withdraw money.

In front of the business window,
"I need to withdraw money! Hurry up and take my money out!"

A gray-haired uncle shouted loudly. At the window next to him, an old lady said, "I have saved money for more than ten years, all with you. Now I want to withdraw it and deposit it in Five Star Bank. Hurry up!"

The bank tellers were in a state of panic and were furious.

"Don't crowd, come one by one!"

"Don't worry, there's still money!"

"How could a bank as big as HSBC be out of money?"

“Please trust HSBC’s strength.”

second floor,

Henry Williams, the person in charge of the business office, was standing in front of the French window on the second floor, looking at the "bustle" downstairs, furious and cursing.

“Fuck!!”

"This Guan Zu, who opened a company, doesn't think about making money for himself, but wants to give money to the poor... Is he sick?"

"That's right, he is sick!" A portly executive cursed with gritted teeth, and kicked the wall in anger, resulting in an "Ah~~~" sound and twisted his foot.

Williams quickly thought of a trick and called the secretary: "Go and inform those salesmen to slow down the cash withdrawal process!"

In a flash,
It's 17 o'clock.

HSBC business department officially closed.

Many citizens also queued for a long time, cursing.

18: 30,

At Kai Tak Airport, HSBC executive Ainol, who was about to fly to the UK, received a summary of the financial situation reported by HSBC and Hang Seng branches across Hong Kong.

Just one afternoon,
HSBC's total cash reserves (37% of total savings deposits) directly consumed 21%...

That is,

With the current cash reserves, we can only last until Friday and next Monday, and we will run out of cash on next Tuesday.

At that time, there will definitely be a bank run panic.

As for Hang Seng, it was even faster, depleting 36% of its cash reserves in half a day.

Monday is going to be the end!

Thinking of this, Ainol couldn't help but feel annoyed.

……

……

19: 00,

ATV News appeared in front of many citizens on time.

"Currently, Five Star Bank has signed trust agreements with more than 90 banks..."

"The bank list is..."

"Today, there are no bank runs on these banks, and citizens do not need to panic and run on them..."

"Today, due to the establishment of Five Star Bank, the Hang Seng Financial Index fell 16%..."

"The Hang Seng Index fell 5%..."

"The 104 branches of Five Star Bank have welcomed a wave of deposits today..."

"As of 17:30 today, the total deposits of Five Star Bank exceeded 1300 billion..."

"In addition, as of 17:30 today, a total of 45 citizens have subscribed to the 'Million Shareholding Plan' launched by Five Star Bank..."

"In addition, HSBC, Standard Chartered, Hang Seng, Bank of East Asia and other banks have all experienced bank runs..."

"Tomorrow, which is Friday, January 1, Five Star Bank will be relisted on the Hong Kong stock market through a backdoor listing and will also be included in the Hang Seng Index..."

"This is also the first listed company of Five Star Group..."

"Hong Kong Governor Fat Pang said that Hong Kong Island's stability is above all else, and the Financial Secretary and the HKMA will continue to pay attention to the healthy operation of the Hong Kong Island stock market..."

"Five Star Group and Five Star Bank issued a statement, welcoming companies with funding needs to seek win-win cooperation with Five Star Bank..."

……

Thursday night,
The citizens of Hong Kong are in this bustle, worry, anxiety, excitement and anticipation...time passes by.

One night passed,
a new day,
The sun shines on Hong Kong Island, which is thriving and full of vitality.

Today is Friday, the last stock market day of the week.

Early in the morning,

All the major newsstands were crowded with people, all buying today's newspapers.

"Five Stars are madly attacking the banking industry, and the major banks are powerless to resist"

"Five-star banks stir up the financial world, and major banks are vulnerable to the impact"

The headlines of the newspapers are both sensational and thought-provoking.

The newspaper reported in detail the huge impact that the establishment of Five Star Bank had on the entire financial industry, as well as the difficult situation other banks faced in this storm.

On the streets, people are talking about Five Star Bank.

In the tea restaurant, uncles, aunts and office workers were having heated discussions while eating breakfast.

"Five Star Bank provides loans to poor people to buy shares. This is a real benefit."

"Yes, Mr. Guan really cares about us ordinary people."

There are also a lot of newspaper headlines:

"Will Five Star Bank's stock price drop below the IPO price today, or will it continue to rise?"

"Today, the highly anticipated Five Star Bank is about to be listed on the Hong Kong Stock Exchange..."

"Among them, the 'Million Shareholding Plan' not only quickly gathered a large amount of private capital, but also greatly enhanced the public's recognition and participation in the bank."

"According to data, the total deposits of five-star banks exceeded HK$1300 billion in just half a day yesterday."

"There are different views in the market on the performance of Five Star Bank's listing today."

“Some investors are optimistic about its prospects…”

“But some market participants are cautious...”

"Today, will Five Star Bank's stock price fall below the IPO price on the first day of listing, or will it continue to rise on its own strength and become the new darling of the Hong Kong stock market? This suspense will be revealed in the pre-market bidding of the Hong Kong Stock Exchange at 9:10..."

……

Not only reports,

At this time, both ATV and TVB television stations placed their live broadcast equipment directly inside the trading hall of the Hong Kong Stock Exchange.

The camera covers the entire hall.

ATV's Le Huizhen: "Dear audience friends, we are now in the trading hall of the Hong Kong Stock Exchange. As you can see, it is already packed with people..."

TVB reporter: "From our camera, we can see that the staff are making final preparations... There are still 9 minutes until 00:5..."

"We will broadcast the entire debut of Five Star Bank in the capital market live..."

quickly,

9: 00,

Start pre-market auction.
The code of Five Star Bank (02025.HK) appeared at the top of the big screen for the first time, and the issue price of HK$10 was highlighted in a red box.

at this time,

Everyone in Hong Kong was paying attention to Five Star Bank and staring at the TV intently.

Millions of citizens are watching!
quickly,

The bidding price on the screen quickly jumped from HK$10.1 to HK$10.8, and a small number of sell orders (five stars, shareholders, venture capital) were sold out in seconds.

Afterwards, the price continued to rise to HK$11.2, HK$11.8, HK$12...

9：28：31，竞价来到 12.5港元，较发行价上涨 25%。

At 9:30, when the gong sounded, the buy-one price of Five Star Bank had risen to HK$13.

Sell ​​less, buy more.

Can't buy it at all!
Can't buy it at all!
Just after 9:30, the share price of Five Star Bank (02025.HK) soared like a wild horse.

HK$13.2, HK$13.5...

The entire trading hall was filled with exclamations and gasps...

The numbers on the screen continued to jump, 13.8 Hong Kong dollars, 14 Hong Kong dollars...

……

……

Sham Shui Po, Sunshine Community No. 1.

In the dining room, in front of the TV,
Gu Yaozu, Ah Hui, Tang San, the Taoist priest... dozens of people, all staring at the TV screen.

“It’s rising!”

"13.5 Hong Kong dollars..."

"14 Hong Kong dollars..."

"14.5 Hong Kong dollars..."

"Hahaha~~~"

"That is to say, if I hold shares worth 2 Hong Kong dollars and it has increased by 45% now, I have earned 9000 Hong Kong dollars!"

They were originally poor, but when they saw this, they were so excited that they cheered and shouted.

Many people were moved to tears.

"It's equivalent to our savings for half a year."

“Making money is so easy!”

“It’s not that it’s easy to make money, but Mr. Guan gave us the opportunity to make money.”

"Yes, it was Mr. Guan who gave us the opportunity."

"It's gone up again, now it's 15 Hong Kong dollars! It's going up so fast!"

……

Another place,
An ordinary small rental house,
Manghui and Xiaohui were also watching TV, looking at the ever-increasing numbers and clumsily calculating how much money they could earn.

“It’s 16 bucks!”

“We can make 12000 yuan!”

They both cried with excitement.

……

Hundreds of thousands of poor citizens across Hong Kong stared with wide eyes at the rising curve.

Excited~~
Hot tears~~
Tell others~~~
Making money is so easy!
Go through fire and water, Mr. Guan!
--------

ps: Because I have eye problems (no tears, discomfort, for a long time), I have to go to Zhongshan Eye Clinic today, so I'll take a leave for one chapter.

(End of this chapter)