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Rebirth capital madman - Chapter 999

Published at 17th of March 2022 07:10:23 PM


Chapter 999

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When you are a variable, you are playing a more and more important role, especially in Xiangjiang, which is the base camp. You can use the increasingly key to describe it. Then there must be subtle differences in the specific trend of the general trend.

Knowing this, Gao Xian had to pay attention to the latest developments reported by his carefully constructed intelligence network.

This time, the Banking Department of the Xiangjiang exchange fund authority convened the financial secretary of the Hong Kong government and the Management Committee of the Xiangjiang Banking Association to study on a small scale the major risk of insolvency of two Chinese banks gradually exposed by the Xiangjiang banking industry recently.

After seeing Sir Gao nodding slightly, Li Guobao, vice president in charge of banking business of Xiangjiang exchange fund authority, stepped into the subject and first mentioned the situation of Kangnian bank.

Objectively speaking, the insolvency problem of Kangnian bank is relatively intuitive. There are not so many twists and turns. It is an old-fashioned style, and its operation can not keep up with the situation. The loan business is abnormally concentrated in the shipping industry, catching up with the general situation of the global shipping recession. A shipping loan of 160 million can not be repaid, resulting in extremely serious bad debts, The annual loss of Kangnian bank is nearly 100 million. For a small bank with only four branches, it is tantamount to disaster.

Qin Zixin, sitting beside him, can clearly feel that the on-site atmosphere for the insolvency of Kangnian bank is relatively flat. Just deal with it according to the established procedures. After all, Kangnian bank is honest, and the scale of Kangnian bank is limited. To put it bluntly, if Gaoyi comes forward to collect and purchase, Gaoyi will not feel any pressure.

But when he turned to the insolvency of Ka Wah Bank, sir Gao looked gloomy and said impolitely that Liu Cansong really had a bad conscience. If he hadn't received the news from xingjiapo, Xiangjiang might know when the situation of Ka Wah Bank was so serious.

At least so far, there are a large number of Chinese banks in Xiangjiang, and many of them have a long history. Jiahua bank is one of them, founded by celebrity Lin Zifeng in 1922.

However, after Lin Zifeng died in 1971, the descendants of the Lin family had no intention to take care of Ka Wah Bank. Therefore, the control of Ka Wah Bank fell into the hands of the Liu Cansong family, and it was also listed. For a time, it became one of the listed banks with the fastest growth in assets and profits.

Liu Cansong comes from xingjiapo. It is not difficult to imagine that under its control, areas such as xingjiapo and Malaya have become the key markets of Ka Wah Bank, resulting in many places in business being "out of reach" and not so "transparent", and the problem is also here.

The specific process is related to the Zhengzhi life of the struggle inside and outside Malayan Chinese society. The water depth is certain. In order not to provoke the great God of harmony, it is simply explained along one line.

Malaya has an organization representing the legitimate interests of the Chinese people, called the Malaysian Chinese Association. Chen qunchuan, its general president, is a capable person. He once founded the savings and investment cooperative plan to increase the capital income of Malayan Chinese through investment, but it will inevitably end badly in that complex environment.

This incident did not bring Chen qunchuan down, but the collapse of Pan power industry group, as a major shareholder, brought him a fatal blow.

The bankruptcy of the pan electric industry group, headquartered in Singapore, had such a great impact that the stock exchanges in Singapore and Malaya had to be closed for three days, becoming the largest bankruptcy case in Singapore. Chen qunchuan was accused of dishonesty. In addition to resigning from the president of the Malaysian Chinese Association, he also faced prison.

Obviously, the bankruptcy of Pan power industry group evaporated a huge amount of wealth in an instant. Liu Cansong lent a total of HK $1.5 billion to pan power industry group and Chen qunchuan through Ka Wah Bank, which is about half of the loan capacity of Ka Wah Bank. However, the working capital and reserves publicized by Ka Wah Bank are only HK $550 million, waiting for the end of Ka Wah Bank is self-evident.

After the news was announced, the financial secretary of the Hong Kong government, the banking Commissioner and the Management Committee of the Xiangjiang banking association could not help looking at each other and talking. When the problems of Ka Wah Bank were further disclosed, it would certainly trigger a run. However, Xiangjiang has honed its rich experience in dealing with the banking crisis and has ready-made solutions, For reference.

The speech made by the representative of Huifeng bank is very thought-provoking. If the problem of Ka Wah Bank is really so serious after it is confirmed, it does have the risk of inducing the whole banking crisis and must be dealt with as soon as possible. Fortunately, the surplus of the exchange fund is sufficient to ensure the stability of the Xiangjiang banking industry.

Sir Gao must be very disgusted with this adjustment. The surplus of the exchange fund was saved by his own efforts. Even if he is now the lender of last resort of Xiangjiang banking and wants to find out the bottom for the problem banks, he can't stand the scourge of Jiahua bank.

"Xiangjiang banking can't have another global crisis! Safe is really duty bound in this regard." Gao Xian clearly showed his attitude, and the conversation changed. However, have you ever thought about how long it has been since the last global crisis of Xiangjiang banking? I proposed that the banking regulatory system characterized by capital adequacy index has not been fully adopted, but why is there such a bad situation as Jiahua bank?

The reason is that there are still loopholes in Xiangjiang's banking supervision system. We can't stand still any longer. We must promote reform!

Speaking of this, Gao Xian waved. Qin Zixin quickly distributed the research reports that some banks played an ignominious role in the flood of Xiangjiang financial products he prepared.

Everyone here is a top man. The financial secretary of the Hong Kong government and the Management Committee of the Xiangjiang banking association all know that Sir Gao wants to make use of the topic through Jiahua bank. Is it necessary for the Xiangjiang exchange fund authority to take over the supervision of Xiangjiang banking and enter a new stage of substantive promotion?

Among the three parties present, the person in charge of the Xiangjiang exchange fund authority sat in the main position, but the financial secretary of the Hong Kong government and the head of Huifeng bank, the rotating chairman of the Xiangjiang Banking Association, did not arrive. Zhai Kecheng went on vacation, and Pu Weishi, Huifeng's senior class, went to London to carry out the "return home" plan, so we can't make a final decision.

However, this does not prevent all parties from taking actions within their authority immediately after the meeting, including going to Ka Wah Bank for audit, etc.

After receiving the report from his subordinates from Xiangjiang, Huifeng class Pu Weishi sneered and made use of the topic? Continue to drag on. My "return home" plan has never found an ideal foothold. How can I hand over power?




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