Beiyang reactionaries

During the meeting, someone knocked lightly on the door.

"what happened?"

"Something happened at HSBC."

419

"Something happened to HSBC just now."

"what happened?"

"HSBC Bank has already been run on, and many Shanghai citizens have already started queuing up to withdraw money. According to the information we have received, HSBC Bank was withdrawn from more than 400 million funds just this morning. And just now China Merchants Group and The Telephone and Telegraph Bureau withdrew the 170 million deposited in HSBC Bank. Now many factories in Shanghai are also withdrawing money from HSBC Bank.”

"call--"

All these people present looked at each other in blank dismay.

did not expect.

The powerful and invincible HSBC Bank has also been run on.

Especially in the current market, it is rumored that HSBC itself lost more than [-] million yuan in this turmoil, and it will not be able to recover more than [-] million yuan in loans to other banks.

Rumors can be very damaging.

So what if you are HSBC?

If you really lost [-] million silver dollars at one time, then you can only go bankrupt even if it is HSBC.Nobody trusts HSBC.

Shanghai's financial sector, Shanghai's industry and commerce, and why do the citizens of Shanghai trust HSBC.That's because HSBC has always been the strongest bank, making money every time it invests.

Everyone believes that HSBC will not lose money, and that it is safest to put money in HSBC.

But now it is said that HSBC has also lost money, and it has lost [-] million silver dollars.This made everyone's trust drop to the bottom.In one sentence, how much I trusted you before, how disappointed I am now.

So immediately began a round of runs.

Very serious.

Although HSBC refuted the rumors, saying that HSBC's finances are healthy, the news that HSBC has lost [-] million yuan is false news.But this can't stop those anxious citizens at all.Because for many Shanghai residents, the money in the bank may be all their property.

Where do they have time to tell if it's real or not.

There is already a long queue at the gate of HSBC, waiting to withdraw money from HSBC.

"And many people who have HSBC banknotes also ask HSBC to exchange them for silver."

"kindness."

Everyone's atmosphere became more and more dignified.

HSBC is powerful.

But in the face of the current run on, even HSBC can hardly hold on.HSBC has a lot of savings, but it doesn't have a lot of liquidity in hand.But just lost 5000 million.

Liquidity is estimated to be even tighter.

Encountered a run on such a scale, it is not sure whether it can survive.If even HSBC goes bankrupt, the entire financial system in Shanghai will really collapse.

It was HSBC, after all.

HSBC, which has been invincible in China for half a century, is currently the most powerful bank in China and even in the whole of Asia.

Yu Qiaqing and Sun Hengfu looked at each other, and they both saw a big problem.

HSBC is strong.

As long as the major customers are stable, HSBC will be stable.

However, the China Merchants Group and the Telephone and Telegraph Bureau, which have always had business dealings with HSBC, suddenly withdrew deposits from HSBC, adding fuel to the fire.This will bring about a chain reaction, and other companies in Shanghai will also withdraw their deposits in HSBC.When HSBC has no cash to pay, even a bank as powerful as HSBC will go bankrupt.

It would be impossible without Zhang Jiaao, or even without the support of the government.

Because after Fu Xiaoan was arrested, the China Merchants Group and the Telephone and Telegraph Bureau have been completely taken over by the government.These two companies have completely become government-controlled companies.

Any decision they make will be backed by the will of the government.

"Jingle Bell--"

Just when everyone was silent, the phone rang.

Sun Hengfu took a deep breath, the news at this time was all bad news.So he was even a little afraid of hearing the news from others.He slowly picked up the phone and said, "I'm Sun Hengfu."

"well."

Sun Hengfu nodded repeatedly when he heard the news.

Finally, he said: "I see. If you have any news, you must call me as soon as possible."

After finishing speaking, Sun Hengfu put down the phone.

His face became more and more ugly.

Seeing Sun Hengfu's expression, the people below all became nervous.What happened again.Seeing that everyone was looking at him, Sun Hengfu smiled wryly and said, "Zhejiang Local Industrial Bank announced that it will accept the capital injection from China Commercial Bank. China Commercial Bank injected 100 million silver dollars, plus taking over the original official shares, holding 86% of the shares of Zhejiang Industrial Bank. Soon Zhejiang Local Industrial Bank will change its name to China Commercial Bank.”

Everyone's mood suddenly turned bad.

why?

During the period of the Republic of China, especially after the establishment of the Nanjing National Government, there were several levels of banks in China.Therefore, there are names such as "big four lines", "small four lines", "northern four lines" and "south three lines".

The "big four banks" are also called "four banks and two bureaus", referring to the central bank, Bank of China, China Bank of Communications, China Farmers Bank, the Central Trust Bureau and the postal savings and remittance industry controlled by the national government at that time. Bureau.

These banks and institutions are directly controlled by the national government.With the support of the national government, they are the strongest in China, and they control China's finance together with foreign banks.

Below are some private commercial banks.

The "Northern Four Banks" are Salt Industry Bank, Jincheng Bank, Central South Bank and Continental Bank. They were the core banks of the Northern Financial Group during the Beiyang government.It has been changed to the Savings Bank of China by the government.

The "small four banks" refer to China Commercial Bank, Siming Commercial Savings Bank, China Industrial Bank, and China National Bank.However, the National Bank of China has not yet been established, the China Commercial Bank is controlled by the government, and the Industrial Bank of China has been changed to China Construction Bank.That is to say, only the Siming Commercial Savings Bank remains among the "small four banks".

As for the "Southern Three Banks", it refers to Shanghai Commercial Savings Bank, Zhejiang Industrial Bank, and Zhejiang Industrial Bank.Here, Chen Guangfu's Shanghai Commercial Savings Bank has been swallowed by the Savings Bank of China and has become the Shanghai Branch of the Savings Bank of China.

In the early years, Zhejiang Industrial Bank was established with the money of Zhejiang Railway Company. Later, Zhejiang Railway Company took back the state ownership and sold the shares of Industrial Bank in its hands.Zhejiang Industrial Bank has become a private bank, and it is currently the bank with the largest savings among local private commercial banks in the country.His main lending object is industrial and commercial.A quarter of the loans Shanghai Industrial and Commercial receives every year come from Zhejiang Industrial Bank.

As for Zhejiang Industrial Bank, it is also a very powerful bank.It is a bank jointly established by the Zhejiang provincial government and Zhejiang businessmen. It once served as the central bank of Zhejiang in its early years.

It has a high status in Zhejiang Province.