Chapter 1048 Norman Shi Yahuai Fell

After the opening of Standard Chartered Bank's headquarters in Central, Hong Kong Island early Wednesday morning, a mountain of HK$1 billion in cash in the center of the lobby shocked all depositors who were ready to withdraw.

With Zhuyu from Jiuding Bank ahead, Standard Chartered Bank followed suit and demonstrated its strength with one billion Hong Kong dollars in cash.

Of course, there is no doubt about the effect. The depositors who came to prepare for withdrawal are basically at ease, and they have given up their withdrawals.

And through their mouths, the news that Standard Chartered Bank took out one billion in cash to prove its strength quickly spread throughout Hong Kong, and a large number of melon eaters and bank depositors rushed to Central, Hong Kong Island, wanting to witness the strength of Standard Chartered Bank with their own eyes.

Just when Standard Chartered Bank and Jiuding Bank were shining, the banking industry once again marked the first incident.

9:18 am.

A bank officially announced that it was running out of funds and declared bankruptcy.

The bank is called Tianyu Bank. It was a small bank that obtained a banking license and established in 1979. It has only three branches since its development, and the total assets of the bank are only more than 80 million Hong Kong dollars.

In order to develop by leaps and bounds, Tianyu Bank got on the thigh of the Carrian Group, and the depositors' funds were basically lent to the companies under the Carrian Group.

Originally, the chairman of Tianyu Bank, Wang Yiqing, was still struggling to borrow funds for support, but yesterday afternoon, after the news that the Xiangjiang Police Department had handed over the Carrian Group case to the Legal Department, Wang Yiqing immediately asked a friend of the police department for details. .

After learning that the Carrian Group and Chen Qingsong were really involved in a huge economic fraud, and that the Carrian Group was 95% likely to be insolvent, Wang Yiqing was completely desperate in mourning.

When he registered Tianyu Bank, he also brought a few friends together to form a partnership. The registered capital was 10 million Hong Kong dollars. He paid 3 million Hong Kong dollars to occupy 30% of the shares, with the most equity, and served as the chairman of the board.

Last night, he convened his partners to meet overnight. After negotiation, everyone agreed to let Tianyu Bank file for bankruptcy.

If they do not declare bankruptcy, after losing 10 million Hong Kong dollars of their registered capital, they will need to fill in the loss of nearly 60 million Hong Kong dollars with the Carrian Group.

When the stock market crash is coming, they can't make this money even if they try their best.

Anyway, the rest of the money was basically withdrawn by the depositors. Instead of dragging him and others into the abyss, if he stopped filing for bankruptcy and liquidation, the losses could be greatly reduced.

When the general manager of Tianyu Bank stood up and announced that the bank was bankrupt and stopped all business, the crowd of depositors waiting to withdraw money in Tianyu Bank immediately rioted. The general manager who was pushed out by Wang Yiqing and others was beaten into a pig head, okay After Wang Yiqing called the police station in advance to give an early warning, the police arrived in a timely manner and temporarily stabilized the situation.

But he became a pig's head and could not prevent the spread of the bad influence of Tianyu Bank's bankruptcy.

Everyone has relatives and friends.

After the depositors of Tianyu Bank who did not receive the money rushed to call to inform their relatives and friends about the situation, many people became anxious.

The bank practitioners were all horrified when they learned that Tianyu Bank filed for bankruptcy, and they immediately realized something.

With the bankruptcy of Tianyu Bank, the banking crisis has officially escalated!

In addition to Jiuding Bank and its wholly-owned subsidiary banks, which have already shown their strength, as well as Standard Chartered Bank, all other banks have to face even greater pressure!

Of course, there are also some small banks, like Tianyu Bank, that have been miserable by the Carrian Group. After Tianyu Bank took the lead, the shareholders or persons in charge of these banks called Wang Yiqing and others.

They are also ready to follow suit and lose their burdens...

...

Due to the breakthrough in the practice of Carrian Group and the negative impact of the bankruptcy of Tianyu Bank, investors who had gradually calmed down panicked again.

After the stock market opened, the Hang Seng Index plummeted from 779 points.

Shares in Carrian Land Ltd, whose market value has fallen to HK$870 million, plummeted again.

Although Carrian Real Estate has a large number of properties and subsidiaries,

The value must be far more than 470 million Hong Kong dollars, but the stock market is still flooded with no one cares.

Some companies' stocks are worth bargain-hunting, and some companies' stocks are not.

Carrian's stock is undoubtedly the latter.

After all, the assets of Carrian Real Estate are huge, but the debts are probably even bigger than the existing assets!

As long as he takes over the Carrian Real Estate Company, he must accept its debts at the same time. Now, no big boss dares to take this risk.

Not to mention that the market value of Carrian Real Estate is still more than 470 million Hong Kong dollars. Even if they take over at the price of 1 Hong Kong dollar, they must have the courage to take it!

If you really have the strength and interest to take over, it will not be too late to take over the assets you are interested in in a targeted manner after the Xiangjiang High Court comes out to liquidate its assets.

Wait until 11:08 in the morning.

Youlian Bank, which is owned by Carrian Group, announced that its capital chain had broken and filed for bankruptcy protection.

Less than two hours after Tianyu Bank declared bankruptcy, another bank went bankrupt!

The panic was further fermented, and the crisis of withdrawal increased again.

Banks that haven't fallen are about to lose patience and confidence.

In particular, banks that provide financial leverage for securities companies and fund companies will forcibly close their positions if their holdings reach the liquidation line, and if they do not reach the liquidation line, they will also force relevant investment companies to return the funds as soon as possible.

The pressure from securities companies and fund companies has increased sharply, increasing the intensity of stock selling in an attempt to clear positions and collect money.

Among them are the stocks of companies such as Swire Group and Swire Shipping, which have a very high price-earnings ratio in the entire stock market.

A large number of sell orders were thrown out, which caught Taikoo Financial by surprise, and the buy orders that had already been placed were instantly hedged.

Continuing to place buy orders is still not as fast as selling orders.

The stock prices of many companies began to plummet.

Swire Financial Corporation.

Cedric Quincy's anxious voice sounded in Norman Shi Yahuai's ear: "Chairman, the funds are in a hurry, and it has fallen below 100 million Hong Kong dollars."

"The company's stock price is still falling."

"There are too many sell orders. Even if all the buy orders of this 100 million Hong Kong dollars are thrown out, they will be emptied in at most one minute!"

Norman Shi Yahuai pushed Cedric Quincy away, and his face turned pale when he saw the dense sell orders on the electronic disk and the falling stock price.

It's really over this time!

Cedric Quincy is right, the funds of 100 million Hong Kong dollars are thrown into the stock market and they are gone in a flash, and the selling trend of other institutions and investors has formed a torrent.

There is no other way than to invest 3 billion Hong Kong dollars to fully take over the order!

"There are still 80 million funds left!"

"Stop!"

Hearing the statistical data, Norman Shi Yahuai whispered three words to Cedric Quincy. After he finished speaking, his whole body seemed to be exhausted, and he wanted to collapse, Cedric Quincy said. Xi immediately helped him.

At the same time, he shouted and ordered everyone: "Stop buying immediately."

All traders immediately stopped what they were doing, and all looked ugly as the stock price that had lost the last stop fell unimpeded.

...

in the securities investment department of HSBC.

Seeing that the stock prices of Swire Holdings and other companies began to plummet, the manager of the investment department urgently reported to Shen Bi, and Shen Bi went directly to the securities department in a worried manner.

Seeing that the order had not been posted for three seconds, Lin Changlong, the manager of the securities investment department, changed his face and immediately said to Shen Bi, "Chairman, Swire Finance has withdrawn, and there is no hope."

"Look at the stock price of Swire Group."

Following Lin Changlong's fingers, Shen Bi saw a number beating continuously.

fifteen twenty seven

fourteen

fourteen sixty-six

...

Thirteen thirty-three!

When the share price fell to 13.33 Hong Kong dollars per share two minutes later, the market value of Swire Pacific Group fell to 6 billion Hong Kong dollars.

Lin Changlong said immediately: "Chairman, the stock price has fallen below the warning line!"

Shen Bi's expression changed, and he closed his eyes and sighed.

After a while, Shen Bi opened his eyes again, his eyes became indifferent, and he ordered Lin Changlong: "You go and notify Norman Shi Yahuai, let him make up the security deposit or collateral according to the loan agreement, otherwise all the pledged stocks will be owned by us. deal with."

"He has been at Taikoo Financial Company these days, you go directly to find him there and ask him in person!"

Lin Changlong responded decisively: "Yes!"

Ten minutes later.

Lin Changlong met Norman Shi Yahuai at Swire Financial, not far from the securities investment department of HSBC.

Norman Shi Yahuai, who also knew that the stock price fell below the warning line, saw Lin Changlong and after hearing his ultimatum, he couldn't hold it any longer, physically and mentally exhausted, and fainted directly.

fifteen minutes later.

The ambulance came to the Taikoo Financial Company, and doctors and nurses brought Norman Shi Yahuai, who was still awake, out of it with a stretcher.

When the investors who were besieging the door of Taikoo Financial Company to ask for their investment funds saw that it was Norman Shi Yahuai who had fallen, they were completely panicked, and frantically blocked Cedric Quincy and prevented him from leaving.

Central on Hong Kong Island was originally a gathering place for financial institutions, and what happened to Swire Financial spread across the entire capital market in an instant...

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