Rebirth 1981 starts with saving the sisters from the neighboring village.

Chapter 680 [Establishment of a Global Financial Joint Organization]

Hot discussions online!

"Fuck! Isn't Huaqi Bank too awesome? How dare they go against Western international capital like Quantum Fund?"

"Yes, Mr. Huang is too domineering! Look, HSBC doesn't dare to say a word until now!"

"Boss Huang is awesome!"

"Who is Huaqi Bank? Why have I never heard of it?" someone expressed confusion.

"The people upstairs are elementary school students. Identification completed!"

"What's going on? Why do I become an elementary school student just because I asked a question?"

"No, you don't even know about Huaqi Bank?"

"Is Huaqi Bank famous? Is it more famous than HSBC?"

"I don't know how powerful HSBC is, but Huaqi Bank is very powerful. Our group's business, including salary payments and public payments, is basically settled by this company."

"Which company are you from? A small company can't represent anything?" someone expressed disdain.

"Red Star Group." The man replied immediately.

"I'm sorry! I apologize for my intrusion..."

In the eyes of some ordinary people, China Merchants Bank is not as famous as HSBC. After all, HSBC's history and heritage, as well as its status as a note-issuing bank, are there.

But the market value of Red Star Group exceeds HK$2 trillion, and as the largest group company in Hong Kong, everyone knows it.

As Huaqi Bank is the only partner of Red Star Group, one can imagine the strength of the bank.

Not only the Red Star Group, but also the Huabin Group, Wande Group, Huaguang Group, Wanwei Group, Huayou Group, Wanning Group, Wankang Security, Huakang Vision, Huazhen Group, Huayi Group, Jianlibao Group and many other companies all have exclusive cooperation with Huaqi Bank.

But in terms of the volume of ToB business, it is already far larger than HSBC.

The reason why Huaqi Bank does not promote ToC business in all aspects is mainly because it is too profitable and they are simply too busy!

It was such a great harvest from the stock market crash in the 1980s, the easy life in the 1990s, the disintegration of the Russians, etc.

Including the current Southeast Asian financial crisis and the layout of the US stock market are all in progress.

There is simply no time to fully promote the ToC business, so ordinary people don’t understand it at all.

But anyone with a little knowledge knows that China Merchants Bank is as strong as HSBC.

……

The financial crisis in Southeast Asia is still raging.

However, Hong Kong's stock market stopped falling instantly because of Huang Qi's remarks, and even began to rise slightly.

"That's awesome! Mr. Huang is such a cool guy. He stopped the downward trend of the Hong Kong stock market with just one word. That's awesome!"

"Who says it's not true? Anyone with a bit of common sense can see Mr. Huang's influence in the financial market!"

"Oh my god! He fought against Western international capital alone! So cool!"

"Mr. Huang is the savior of us stockholders!"

"Great savior! I will be a loyal fan and user of Mr. Huang and Huaqi Bank for my whole life!"

"It's decided. All the cash in the family will be deposited in Huaqi Bank!"

"I have withdrawn all my 300 million RMB deposits from HSBC and am now processing the deposit at the Huaqi counter..."

Huangqi and Huaqi Bank became famous because of this speech and won the love and support of many people!

However, the first bird to stick its head out gets shot. Huang Qi's remarks did offend Western capital, and many Western companies announced their withdrawal from cooperation with Huaqi Bank.

"How are you? Are you anxious lately?"

In the seaside pavilion of Shek O Manor, Peng Wanhua asked as he poured tea for Huang Qi and others.

"Oh, I'm so annoyed. Western companies have transferred their business to other banks, causing my ToB business to drop by less than 1%..." Huang Qi said he was annoyed, but he had a smile on his face.

"It doesn't affect me at all. I just ate too much in Southeast Asia." Zhu Peter spoke fluent Chinese.

"Me too," Andrew laughed.

"We have been waiting for a long time. We hope that international hot money will come to Japan and South Korea as soon as possible." The speaker was Sun Zhengyi.

Peng Wanhua felt relieved when he saw that his partners were eager to try.

He warned: "Well, although we are strong enough to withstand it, some small banks and securities companies in Hong Kong, Southeast Asia, Japan and South Korea will probably suffer. You should plan ahead and close the deal when the time comes. Eat the meat and don't leave any soup for Western capital."

"Understood!"*4

Several people responded in unison.

Huangqi and Huaqi Bank are strong because they have strong capital.

The basic foundation of the ToB business is there and there is no need to panic. Although there is a little loss in the short term, it will not affect the fundamentals.

Moreover, Huang Qi’s words were not spoken out of passion or mindless speech, but were planned and rewarding.

Firstly, the ToC business has gained momentum due to this boom, and many people have deposited the cash they withdrew from other banks into Huaqi Bank.

Ordinary people have a better understanding and trust of Huaqi.

Huangqi and Citibank are well-known in Hong Kong.

In addition, there are rewards for financial struggles at a higher level.

Compared to China Merchants Bank, which is sitting firmly on the Diaoyutai State Bank, some small banks in Hong Kong and Southeast Asia are in a miserable situation.

Because of bank runs and a surge in lending rates, these banks are basically facing bankruptcy.

For example, Dao Heng Bank in Hong Kong experienced a bank run and was on the verge of bankruptcy. Union Bank and Connaught Bank were also affected and the situation is critical.

HSBC usually does not take action, but now it has seen the opportunity and is ready to take action.

But how could Huaqi give up the results of its painstaking efforts to HSBC?

They took immediate action, immediately joined forces with Wan'an Bank and Overseas Trust Bank, mobilized US dollar reserves and took over these banks.

Among them, Huaqi Bank acquired Daoheng Bank and changed its name to Hualian Bank.

Wan'an Bank acquired Union Bank and changed its name to Union Bank.

Overseas Trust Bank acquired Kangnian Bank and changed its name to Xinlian Bank.

Of course, these three subsidiary banks also have cross-holdings, forming a shareholding structure in which you are in me and I am in you.

HSBC was dumbfounded. Just as it was about to take action, the other party completed the acquisition. It was too fast!

Moreover, you get nothing by being a fence-sitter and are scolded and spurned by investors. It's simply a loss of both the wife and the army!

Notorious and heavy losses!

Not only in Hong Kong, but also in Southeast Asian countries such as Indonesia, the Philippines, Malaysia, and Thailand, Huaqi, Wan'an, and Overseas Trust Bank have achieved considerable success!

Just when HSBC was confused, less than a month had passed.

The three banks, Huaqi Bank, Wan'an Bank and Overseas Trust, have made big moves again.

Directly unite multiple units around the world to establish the Global Financial Union, abbreviated as Jinlian.

Including more than 100 banks and financial institutions in Mainland China, Taiwan, Japan, South Korea, Southeast Asia, South Asia, the Middle East, West Asia, Eastern Europe, Africa, Australia, Latin America, Central and South America, etc.

Through the Jinlian inter-bank transaction clearing system, interconnection between systems is achieved, allowing bank cards to be used across banks, regions and borders.

Originally, banks had to recognize each other's bills of exchange and go through cumbersome procedures before they could withdraw money across borders or banks.

Now that Jinlian has come out, this problem has been solved instantly!

When HSBC saw this, they were shocked and completely dumbfounded!

All the banks in Hong Kong joined except HSBC.

What's going on? Have I been isolated in Hong Kong? Have I been eliminated?


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