Beiyang reactionaries

The current securities market has no supervision, it is almost free-range, and there is no order at all.There are so many people who want to sell what they have, but no one takes the offer at all.

One hour.

An hour after Zhang Jiaao's announcement, Shanghai's stock market collapsed.Half an hour after the news came out, the prices of most stocks in the securities market were cut in half, and the previous price increases were basically gone.But it's all over. After an hour, it has become a quarter of the original price, which is half of the price before the price appreciation.

That's the beginning.

One quarter, that's good.

Two hours later, the price had already become one-tenth.

Crying father and mother, trampling severely.Everyone wanted to run, but no one could run at all.These stocks are just a piece of waste paper at this time, as long as someone takes them away, they are really willing to do anything.

Unfortunately no one.

There is no one to take orders at all. At this time, everyone is completely at a distance from the securities market, and who will run into it.There are no new takers, and those who are now have become the last ones.

There are chicken feathers all over the place, and sorrow is everywhere.

It describes the current Shanghai stock market.

"How's it going?"

"It is estimated that there are very few banks and money houses that can survive."

Shanghai.

After Zhang Jiaao detonated the Shanghai stock market, he quietly collected the current situation of the Shanghai stock market.

The mines have been detonated to contain those men.But this is only the first step, how to clean up the situation is the core thing.

So Zhang Jiaao didn't dare to take a moment's rest.

He wants to have a complete grasp of the current financial situation in Shanghai.Only when he has a complete grasp of the current situation in Shanghai can he deal with the aftermath.

"Very serious?"

"Yes."

In the room were Song Hanzhang, the head of the Ministry of Commerce, Qian Xinzhi, the president of the Savings Bank of China, Chen Guangfu, the vice president of the Savings Bank of China and also the president of Shanghai Branch, and Xi Demao, the new president of Shanghai Commercial Bank.

Currently reporting to Zhang Jiaao is Bei Zuyi, Director of the Bank of China Administration and Director of the Foreign Exchange Administration.

"I know. This time, many Shanghai banks invest in the securities market, accounting for about one-third of their overall savings. Some banks even have a higher proportion. Even those banks that are a little cautious, they invest a lot of money. Some They used their working capital, and some borrowed from foreign banks such as HSBC. In the current situation, their working capital is almost interrupted. If they cannot recover enough funds from the securities market, they will definitely be run and bankrupt. "

"What about foreign banks?"

"It's the same situation. They have invested a lot of money, and they have a lot of loans. Unless they have strong funds, or the headquarters is willing to help them, otherwise most of them will be difficult to survive. As for HSBC, they not only More than 2000 million yuan has been invested, and the loan has exceeded 3000 million yuan in just such a period of time.”

"5000 million? Hehe."

Zhang Jiaao smiled slightly.

Zhang Jiaao is young, only 35 years old this year.

But his forehead has begun to be slightly bald, and with his smile, he looks very festive.But none of the people in this room felt that this was very festive.

On the contrary, looking at Zhang Jiaao was very shocked.

so good.

It should be said to be too ruthless.

The 35-year-old governor of the Bank of China and the 35-year-old Chinese financial policy maker.This time, he single-handedly directed the major changes in Shanghai's financial market.

I don't know what will happen?

Although the final result is not clear to everyone, everyone can be sure that this incident is no less influential than the "rubber crisis" of the year.At that time, foreign banks plundered China's wealth and sheared a lot of wool.But this time is different. This time, Zhang Jiaao's move is to severely deceive those financial institutions such as foreign banks, private banks, and money houses in Shanghai.When it is certain, this incident will definitely cause casualties to Shanghai's financial institutions, and it can even be said that China's financial market will be reshuffled.

why?

This time, although it is just a few hundred million silver dollars, in the financial market, these hundreds of millions of silver dollars will affect a large number of financial institutions.Some banks seem to only get hundreds of thousands of dollars, but it is enough to make those banks with millions of savings face bankruptcy.Those banks with tens of millions of dollars in savings will go bankrupt.

why?

Most of their funds have been loaned out, and they will not be able to get them back in a while.These funds are their working capital. As long as they encounter a run at this time, it should be said that they will definitely encounter a run. At that time, they will have no money to pay, and they can only choose to go bankrupt.

This is always the case with financial markets.

It is only a few hundred million silver dollars, but in the end it will be several or ten times the industry that will be affected.The hundreds of millions of silver dollars put in will cause most banks to go bankrupt.And the deposits of these banks exceed more than one billion silver dollars, or even more.

This is also related to the current financial underdevelopment in China and the lack of leverage.If something like this broke out in later generations, the influence would be dozens or hundreds of times that of this time.

Hundreds of millions of silver dollars will affect tens of billions of silver dollars.

If that was the case, Zhang Jiaao might not dare to do so.

"How's the situation at HSBC?"

Zhang Jiaao asked HSBC.

Combined, these banks in Shanghai are not as influential as HSBC.Zhang Jiaao wants to rectify China's finance, and HSBC is the biggest opponent.

So he wants to see how HSBC responds to this incident.

"They are also anxious to deal with the stocks in their hands now, and they are completely messed up."

"Can they make it through?"

"HSBC is strong. Although it suffered heavy losses this time, it should have the strength to survive. Compared with other banks in Shanghai, they are basically vulnerable. What HSBC is worried about now is that if these banks go bankrupt, Then it will be difficult for them to get back the money they lent. This is the biggest blow to HSBC."

Bei Zuyi replied.

The deposits of one bank, HSBC, exceed those of all banks in Shanghai, even several times.With this kind of strength, although a large sum of money was lost in this incident, it can still survive.

What they are most worried about is actually the complete collapse of Shanghai's financial system.

At that time, the money lent by HSBC Bank will become bad debts.At that time, HSBC Bank will not be able to withstand it.

"Let people spread the news, saying that HSBC Bank lost [-] million silver dollars in this incident, and the [-] million silver dollars loaned out will not be recovered. The government will support the Chinese banks, but the government will not control foreign banks. of."

"Yes."

Bei Zuyi nodded.

The others looked at Zhang Jiaao and understood that Zhang Jiaao must severely rectify these foreign banks this time.When such news spreads, those foreign banks will definitely encounter a run.

At that time, there will be a few who can withstand it.