Beiyang reactionaries

Buy shares at a low price and increase the proportion of official shares.

At present, in most Sino-foreign joint banks, the share ratio of both parties is 50.00% to 50.00%.However, because of the strength of foreign businessmen, these banks are run by foreigners.

The person in charge sent out by China is basically unable to interfere with the development of the bank.

But this time it was fine.

The Bank of China quickly lowered the price and increased the proportion of official shares, and soon the major shareholder of these banks became the government.From a Sino-foreign joint bank, or from a foreign bank to a government-controlled bank.This time, Zhang Jiaao directly used machine guns to sweep all the financial institutions in Shanghai.

Even powerful foreign banks cannot escape.

Their biggest problem now is only one, and that is a bunch of citizens who use their banknotes and demand to exchange them for gold and silver.But where do they have so many gold and silver reserves.

The support of the Chinese government is necessary.

"Gong, is there really no other way?"

Alexander Stephens has a lot of gray hair.

Because in just five days, HSBC Bank has been withdrawn 5000 million silver dollars in deposits.And the run is still going on, making it too late for HSBC.

Would have liked the help of the British consulate.

However, the British Consulate asked the Chinese government for help, and the Shanghai Municipal Government only issued a statement in the newspaper.Let the citizens calm down.

Not of any real help.

On the contrary, those companies that deposit money in HSBC, many of which are government-controlled companies, have to withdraw their deposits one by one, and continue to add fuel to the fire of HSBC.Many of these companies are companies that have received a lot of loans from HSBC.

All turned upside down.

That puts HSBC in a precarious position right now.

"Alexander, take a look at the telegram from the head office. They are currently suffering from a serious squeeze, and we will not be able to sustain it if this continues."

Gong Ziyu shook his head.

no way.

In fact, does HSBC have the strength?

Have.

Very powerful.At present, HSBC Bank owns a large number of important properties in Shanghai, and also lends [-] billion silver dollars to others.Even the Chinese government owes HSBC more than one billion silver dollars.

But the problem is that the money cannot be recovered in a short time.

According to the contract, these are long-term loans.

But what HSBC needs now is money and cash.But what HSBC lacks most at present is cash.

"Then what do you mean?"

"Ask the Chinese government for help. In the current situation, either the British government can help us and give us a turnover of funds. If not, then the only one who can save us is the Chinese government."

"Ask for help from the Chinese government? Hehe."

Alexander Stephen smiled wryly: "Gong, haven't you noticed how the Chinese government acquired those banks this time? The valuations are all one-fourth, one-fifth, or even one-tenth of the original value. Our banks There are 12 billion silver dollars in deposits in China alone, and the total bank deposits add up to nearly 20 billion silver dollars. According to the strength of our bank, it is worth at least [-] million silver dollars. But think about it, if we ask the Chinese government for help, they will How will we be treated, and how far will the price be compressed?"

"Also, the Chinese government still owes us more than 4000 million silver dollars. If they ask the Chinese government for help this time, like other banks, they choose to inject capital into us, then..."

Alexander Stephen was exasperated.

The Chinese government, the Beijing government alone owes HSBC more than 4000 million.And HSBC has also given a lot of loans to some local projects. It can be said that the Chinese government, including local governments, owes HSBC nearly [-] million silver dollars.

But if you accept the help of the Chinese government, especially if the Chinese government "takes advantage of the fire" to inject capital into HSBC.At that time, the Chinese government will save a lot of money.

damn it.

"Alexander, HSBC is now at a critical moment. Unless we can get support from 5000 million to [-] million silver dollars in a short period of time, the current run on the bank will not be subsided at all. If the bank fails, we will get nothing of."

Of course Gong Ziyu understood.

The financial turmoil in Shanghai this time has severely hit foreign banks and domestic banks.Even affected the Shanghai economy.

Who is the most proud.

government.

This time, the government can be said to have bought these financial assets at ultra-low prices.How much the government has spent so far is less than 2000 million silver dollars, but it has already swallowed up all the financial institutions in Shanghai with hundreds of millions of silver dollars.

Coupled with the strength of those banks, the government has controlled more than one billion, or even two billion silver dollars, of financial assets in Shanghai at a price of less than 2000 million silver dollars.It can be said that he controlled Shanghai's finance in one leap.

If HSBC is swallowed again, the government will no longer have any rivals in the financial field.

But there is no way.

In the current situation, only the Chinese government can save them.The British government wants to save them, but it is far away, and it cannot quench their thirst.HSBC is out of ammunition tomorrow.

In fact, many branches of HSBC in other cities have long run out of ammunition.If it weren't for the local government to maintain order, those depositors would have smashed HSBC.

"Alexander, this is the meaning of the board of directors of the head office."

"Let's talk."

421

1924 1 Month 17 Day.

Before dawn, there was still a long queue at the gate of HSBC, waiting for HSBC to open.

Their idea is very simple, just open the door and go in to withdraw money.

Many citizens were mobilized with their families, queuing up all night to get money.It is January now, and the night temperature in Shanghai is already very low, and the weather is very cool.

But these citizens didn't care about it at all. They were fully armed and even held quilts, sleeping directly at the bank entrance.

why?

There are too many rumors in the market.

I don't know how many people are frightened by this financial turmoil.Fortunately, the government reacted quickly. After controlling those banks, banks, and money houses, the government announced that the assets of these financial institutions would be repaid. The first repayment would be the deposits of the citizens, then the deposits of industrial and commercial companies, and finally the loans of other banks.

Ordinary citizens will definitely not suffer losses.

Greatly restore the deposits of ordinary citizens.

Popular support.