Chapter 740 Yang Ming Wants to Swallow up Ten Chinese Banks in Hong Kong!

Yang Ming was well aware of the severity of the debt crisis of the Overseas Trust Bank in history. If it was taken over by the Governor's Office, the Zhang family would suffer great losses.

Including Huang Changzan, Zhang Chengzhong and others, who would not only be ruined but also go to jail.

In that case, why did Mrs. Zhang still want to save the Overseas Trust Bank?

At this time, he could take down any conspiracy or conspiracy against the Overseas Trust Bank, and even take it down.

"Huang Changzan, do you think Mrs. Zhang can still save the Overseas Trust Bank?"

"Sir Yang, I think it's impossible."

"Then why did Mrs. Zhang do that?"

"She is a woman and still doesn't realize the seriousness of this." Huang Changzan said directly.

"I'll give you a chance. Go back and convince Mrs. Zhang and her son to sell all their shares to me. Otherwise, if the Overseas Trust Bank is in crisis, the Governor's Office will not say anything to you. The Governor's Office will take over directly. The Zhang family will not get a penny, and Zhang Chengzhong will have to go to jail. If you do this well, I will guarantee that you will be safe."

This is what Huang Changzan wants.

"Sir Yang, I understand. I will convince Mrs. Zhang and her son to sell their shares to you as soon as possible."

"You go back first."

"Yes, Sir Yang."

Facing the powerful Empire Group and Sir Yang, Huang Changzan suddenly felt relieved at this time, because he believed that Sir Yang would do what he said.

Huang Changzan left.

Yang Ming called Mai Lisi.

Mailisi had returned to the Mid-Levels Villa on the Peak and was resting.

When he heard the landline phone ringing, he saw that it was from the Mid-Levels Villa in Repulse Bay.

It was the boss Sir Yang's call.

"Merlis, something has changed. Come see me right away."

"Yes, boss."

Merlis hurriedly said to his wife, put on his coat, came downstairs, got into the Bentley, and hurried to the Repulse Bay Hillside Villa.

. . .

Yang Ming was still sitting in the study.

However, he was very excited.

Yang Ming was very confident that he could swallow up the Overseas Trust Bank, but Mrs. Zhang was unwilling to let go. If the Governor's Office and the Hong Kong Stock Exchange intervened, it might be a bit troublesome to deal with it.

Now that Huang Changzan took the initiative to surrender, Yang Ming believed that Huang Changzan would definitely convince Mrs. Zhang and her son, so there would be no problem swallowing up the Overseas Trust Bank.

However, Yang Ming is not only considering the issue of the Overseas Trust Bank. In addition to the Hang Lung Bank that has been swallowed up now, there is also the Daoheng Bank that will be swallowed up soon.

And the Overseas Trust Bank that is about to be swallowed up, as well as the Chinese Bank under the Overseas Trust Bank and the Industrial and Commercial Bank of Hong Kong.

In other words, it is now basically certain which bank to swallow up.

Including Hang Lung Bank, Dao Heng Bank, Overseas Trust Bank, Chinese Bank, and Industrial and Commercial Bank of Hong Kong.

A total of five.

In the eyes of many people, Sir Yang was able to swallow up five Chinese banks in Hong Kong, especially when one of them was Overseas Trust Bank, the third largest bank in Hong Kong.

However, Yang Ming prepared for a long time from the beginning, not only for these five banks, but also for other banks in Hong Kong.

The predecessor of Sun Hung Kai Bank was Sun Hung Kai Finance, founded by Feng Jingxi of Sun Hung Kai Securities.

Sun Hung Kai Bank spent 300 million yuan (equivalent to 70% of equity) to buy the head office building at the peak of real estate.

With the collapse of Hong Kong real estate and the outbreak of the banking crisis in the early 1980s, Sun Hung Kai Bank faced the dual difficulties of insufficient funds and a large loss of deposits.

In October 1983, in order to avoid the fate of being liquidated, Feng Jingxi was forced to agree to transfer the controlling stake (51%) to F Country Bailida Group and M Country Merrill Lynch Securities Group.

In May 1985, Arab Bank in the Middle East acquired 75% of the shares of Sun Hung Kai Bank for 360 million yuan. After that, Sun Hung Kai Bank was renamed Hong Kong Bank.

Ka Wah Bank is a long-established bank in Hong Kong. Its founder is Lin Zifeng. The bank's business has always been relatively stable.

However, after Lin Zifeng's death in 1971, his descendants were not interested in running the business.

In 1975, the controlling stake of Ka Wah Bank was acquired by the family of Singaporean overseas Chinese Liu Cansong. After that, Ka Wah Bank expanded rapidly and was listed in Hong Kong in 1980.

Ka Wah Bank's customers have always been mainly overseas Chinese in Southeast Asia. Hong Kong peers do not know much about it and have always been wary of it.

When Hang Lung Bank was taken over in 1983, Ka Wah Bank's existence was also affected.

In 1985, when Highland Bank was taken over, the market was rumored to have fallen into a financial crisis due to its close relationship with Highland Bank. (At the end of 1984, the shareholders' equity of Ka Wah Bank was 530 million yuan, while its accumulated bad debts were as high as 540 million yuan. In fact, Ka Wah Bank had gone bankrupt).

In 1985, in order to get out of the predicament, Ka Wah Bank began to negotiate with the relevant consortium for value-added shareholding.

In 1986, Zhongxin Group invested 350 million yuan in Ka Wah (200 million yuan for common shares and 150 million for preferred shares), acquiring 91.6% of the shares of Ka Wah Bank.

Ka Wah Bank was renamed Zhongxin Ka Wah.

It is worth mentioning that after the financial crisis of Ka Wah Bank surfaced, the Liu Cansong brothers fled Hong Kong. They were later arrested in Singapore and Malaysia respectively, and the two were suspected of defrauding 770 million yuan.

In January 1988, the Liu brothers absconded (abandoned bail and absconded) to Taiwan.

Wing On Bank is a long-established local bank founded by Guo Quan, the founder of the famous Wing On Company in Hong Kong. For decades, it has been operating conservatively and has been able to stand firm and remain unscathed in many banking crises in Hong Kong.

In 1984, Wing On Bank was involved in a scandal. Guo Zhikuang, the third generation of the Guo family who served as general manager, embezzled 10 million US dollars from the bank for his own use.

At the end of 1985, Wing On Bank suffered heavy losses due to its inability to recover loans to directors and senior executives of the bank, and the bank's capital became negative.

In May 1986, Heng Tien Bank injected HK$176 million into Wing On Bank and acquired a 50.29% controlling stake.

Under the operation of Heng Tien Bank, Wing Bank quickly turned losses into profits.

In January 1993, Hang Seng sold Wing On Bank to Dah Sing Financial Group and made a profit of HK$478 million.

Kangnian Bank is a long-established small bank in Hong Kong.

In 1986, Kangnian Bank was in crisis because it had to write off a large amount of money it had lent to a shipping company, which was up to 160 million yuan. After that, the Governor's Office took over Kangnian Bank and facilitated the acquisition of Kangnian Bank by First Pacific Group, which was renamed First Pacific Bank.

After the incident of Haituo Bank, Youlian Bank was also deeply affected by unfavorable rumors in the market, and a large amount of deposits were lost, resulting in a serious shortage of working capital.

In September 1985, Wen Rencai, chairman of the board of directors and general manager of the bank, left Hong Kong for the United States due to illness. Subsequently, another 6 directors resigned, leaving the bank leaderless.

In 1986, the Governor's Office announced the takeover of Youlian Bank and entrusted it to Yi Fu for management. After that, China Merchants Group acquired 61.3% of the shares of Youlian Bank.

On April 19, 2000, Industrial and Commercial Bank of China reached an agreement with China Merchants Group, and ICBC acquired 239 million shares of Youlian Bank held by China Merchants Group for HK$1.805 billion, accounting for about 53%. On August 21, Union Bank changed its name to Industrial and Commercial Bank of China (Asia) Limited.

In 2010, ICBC successfully privatized ICBC Asia.

Yang Ming felt that most of the Chinese banks in Hong Kong actually had problems, regardless of the Hang Lung Bank, which had already had problems.

Like Sun Hung Kai Bank, Chia Wo Bank, Wing On Bank, Kang Nian Bank, Union Bank, etc., they all had problems internally for a long time, but the debts were not discovered, and there might be no problems when they did not break out.

Historically, these banks were successively affected by the crises of Hang Lung Bank and Overseas Trust Bank, and broke out one after another, resulting in them being taken over by the Governor's Office or by other capital consortiums.

In Yang Ming's view, these Chinese banks were all favored by him, so how could they be taken over by other consortium capital?

Chapter 3!

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