Chapter 1150 Political Shackles Unlocked

Two days later, on August 16.

In the City of London, there are 1.5 billion pounds of banknotes placed in the lobby of Barclays Bank headquarters, and the BBC was invited to film.

By noon, the Barclays news had spread throughout the UK.

The Rothschilds mobilized their full force in a positive campaign, trying to increase the confidence of depositors as much as possible.

Not to mention, it has indeed played a certain role. Even Barclays' share price has slowed down, and the pressure of running has been reduced a lot.

But Xia Yu has been calculating for so long in order to entrap the Rosir family, how could he sit and watch the Roshir family get out of the crisis so easily?

After receiving a call from George Berkeley, Xia Yu made four instructions.

First, behind the scenes, the dialectical analysis of the media from other factions continued to report, focusing on the promotion of Barclays Bank’s ultra-high-risk loans in Latin America as high as 25.62 billion US dollars, accounting for 2% of the bank’s total assets. At 17.8, the mere 1.5 billion pounds in cash is equivalent to less than 12% of the ultra-high-risk loans, and Barclays Bank cannot eliminate the risk of bankruptcy.

Second, the agreed quota of 2.5 billion pounds to invest in the UK this year, and there is still a certain gap that has not yet been implemented. He will inject another billion US dollars into the Bright Fund. 10% of the seats, send two directors into Barclays Bank, enter the enemy's interior, let the Rothier family also experience the feeling of being tied.

Third, take the initiative to short and buy the shares of HSBC Holdings.

Fourth, make every effort to make positive publicity reports for Standard Chartered Bank, Royal Bank of Scotland, and Barings Bank in this crisis, absorb deposits from depositors as much as possible, and seize the opportunity to grow rapidly.

After giving the order, Xia Yu handed over the matter to George Berkeley. He believed that George Berkeley could do these things without him needing to worry about it.

As for the Xiangjiang side, Xia Yu is also maximizing his interests.

One of the targets is HSBC.

HSBC UK is listed in the UK, while subsidiary HSBC Hong Kong is listed in Hong Kong.

When the stock market crash happened before, Xia Yu ordered Wang Qi and Liu Tianci to cooperate with the bottom-hunting to increase the shareholding of HSBC Bank, raising the shareholding ratio to 18.6%, becoming the second largest bank within HSBC after the parent company HSBC. the second largest shareholder.

But Xia Yu is not satisfied with this. He hopes to further penetrate HSBC and even control it like Standard Chartered Bank.

As the intersection of East and West, Xiangjiang is backed by the mainland, and its future goal is to develop into an international financial center, so the potential market for the banking industry is very large.

Although he now owns a number of banks such as Jiuding Bank, Standard Chartered Bank, Hang Lung Bank, Sun Hung Kai Bank, etc., and has also invested in many banks, he has become the real leader of the Hong Kong banking industry.

But this does not mean that he occupies the absolute market leader in the Hong Kong banking industry.

After all, there are more than 150 licensed banks in Hong Kong alone, many of which are branches of multinational banks.

If HSBC can also be included under his command, then his Jiuding Consortium can occupy about 30 to 40 percent of the market share in the Hong Kong banking industry, which is more suitable.

After all, starting in the 1990s, there will be a wave of bank mergers all over the world, and then there will be multinational banking giants one after another.

Not to mention the five major lines of the mainland.

Once Heungkong is really built into an international financial center, then Heungkong's huge capital flow and financial market will be targeted by all banks in the world, and the competitiveness of Heungkong and the banking market in Southeast Asia will be very great.

Therefore, Xia Yu had to plan ahead and strengthen his power in the banking field as much as possible, lest he lead the prosperity of Xiangjiang, but most of the cakes he created were robbed by others.

Wouldn't that be frustrating?

...

Fortunately, this Latin American sovereign debt crisis,

Hong Kong HSBC was also affected.

Now HSBC Bank of Hong Kong has become the whirlpool center of the banking industry in Hong Kong, and depositors have come to withdraw money one after another. In less than a year, HSBC has once again experienced a run-off crisis.

Only because HSBC Hong Kong holds a total of US$1.83 billion in Latin American sovereign debt and more than US$1.57 billion in loans to domestic companies such as Latin America.

Because HSBC Hong Kong is a subsidiary of HSBC Holdings UK, these loans are included in HSBC Holdings' debt statistics on the UK side.

After the outbreak of the Latin American sovereign debt crisis, Wang Qi and Liu Tianci, on Xia Yu's orders, controlled the attack on HSBC behind the scenes.

In just ten days, HSBC's market value has evaporated by a quarter, from HK$16.97 billion to HK$12.15 billion.

The first half of the financial report released by HSBC showed that the net profit of HSBC in the first half of the year was 883.2 million Hong Kong dollars.

So actually HSBC's price-earnings ratio has fallen below seven times now.

This price-earnings ratio is completely inconsistent with HSBC's current status as the second-largest bank in the banking industry. Normally, HSBC's price-earnings ratio must be more than ten times.

Although the re-running crisis of HSBC will cause certain damage to the financial industry of Hong Kong, Xia Yu does not care and does not intend to stop it.

In any case, the HSBC bank was caught in the run-off crisis this time. The major newspapers and media have already written down the reasons clearly. Except for HSBC, no other banks in Hong Kong have been involved in the Latin American sovereign debt crisis. middle.

There was some confusion for the first day or two, but it quickly subsided.

Although the Hang Seng Index fell due to the slump in the market value of HSBC, it was not serious, at least it stabilized the line of 1,000 points.

Compared with the Hang Seng Index, which plummeted to more than 600 points when the stock market crash broke out in August and September last year, it has recovered quickly after nearly a year.

In the next few days, HSBC's share price continued to fall. At the close on Friday, August 20, the market value was fixed at more than 9.54 billion Hong Kong dollars, and the market value had shrunk by more than four layers.

On the day of August 22, a news suddenly broadcast by "Global Satellite TV" caused a sensation in the entire Hong Kong, and the waves that were aroused quickly spread to the surrounding countries.

Because on this day, the mainland government and the British government finally signed the Sino-British Joint Declaration!

The issue of Hong Kong's sovereignty has settled!

The British government is willing to hand over the Hong Kong region to the mainland smoothly on July 1, 1997. The "Statement" also clarifies the basic policies and guidelines of the mainland towards Hong Kong. Change……

After this news report, it can be said that it gave all the people of Hong Kong a reassurance.

For a time, the whole world was celebrating, and the whole Xiangjiang was shrouded in a festive atmosphere.

After loosening the political shackles entangled in Xiangjiang, Xia Yu can finally lead the rise of Xiangjiang with all his strength.

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