Chapter 558: Seize the control of Far East Bank(1/2)
The two of them came downstairs and were stopped. Su Yue asked Gu Yunxi to call He Zhaolong and briefly explained the reason.
Then, the two of them took the elevator and went straight to He Zhaolong's office.
"You said you have a solution to the current difficulties of our HSBC?" He Zhaolong looked at Gu Yunxi and subconsciously ignored Su Yue's existence, "Tell me!"
The two young people said this downstairs, if Gu Yunxi was not the granddaughter of Mr. Gu.
At this moment, he would not see him.
"Due to the fierce collapse of the property market and the current foreign investment fanning, HSBC's banks have been run." Su Yue said in a deep voice, "In fact, it is enough to solve the self-crisis with the accumulation of HSBC's reserve funds, but I'm afraid that all the banks that hold them will not be taken into account."
"The bank crisis will spread rapidly."
"Once you can't take everything into consideration, one collapses, and it will quickly spread to the next one, and even the HSBC headquarters. At that time, all depositors will run HSBC. I think it may be difficult for HSBC to hold on with its size in this situation, right?"
He Zhaolong was surprised when he heard this, and his eyes turned back to Su Yue and stared at him tightly.
Su Yue noticed his change in expression and continued with a smile: "At present, the most serious ones are Hang Seng and Far East Bank, whose business is mostly on mortgage loans. Although other companies have also been affected, the run effect is not large and they can rely on reserves to support it."
"Hang Seng Bank plays an important role within HSBC, and it is also related to HSBC's strategic deployment. I think you cannot give up. As long as there is a front-line opportunity, you will be rescued."
"The rest can only be started from the Far East Bank."
"Far East Bank is the weakest link in this bank run crisis and is also the HSBC-based bank with the highest proportion of mortgage loans."
"As long as housing prices continue to fall, or people's expectations about the future of the property market have not changed."
"Then, this run effect on the Far East Bank will not pass, and it may become more and more serious in the future. After all, the current situation of the real estate market is getting worse and worse, and then a wave of large-scale defaults will definitely happen."
"Most of the assets in Far East Bank's hands are related to the real estate market. Once the default wave occurs, Far East Bank's assets will shrink greatly, and the bad debt rate will rise rapidly. Bankruptcy is predictable, so... I think that at this crisis, you might as well cut off the landmines of Far East Bank that will spread to all HSBC banks and concentrate funds to solve the crisis of Hang Seng and HSBC headquarters."
"Cut off the Far East Bank!" He Zhaolong glared at Su Yue in surprise.
Su Yue nodded and said, "If it cannot be cut off, then you must ensure that this thunder cannot be blown up. At this time, the Far East Bank is already a crazy gold-swalking beast, with tens of billions of funds being supported. Under the dual effects of the risk of default wave and foreign capital run, it can only last for a few hours."
"Old He has been in the financial system for many years and should have a clear understanding of the current crisis in Hong Kong City."
"Do you think this crisis of landslides and tsunamis will pass in a few hours, or one or two days? To save the Far East Bank, you HSBC is willing to pay hundreds of billions of dollars and two hundred billions of dollars in cash reserves?"
When Su Yue said this, his eyes suddenly became sharp: "When the hurricane swept over, you HSBC must abandon the piece of Far East Bank, so that you can protect Hang Seng and HSBC headquarters."
"I think Mr. He already knows the gains and losses in it, so I don't need to say more, right?"
He Zhaolong looked at Su Yue in a deep voice, "I originally thought you were just riding on the Gu family's connections and influence, but I didn't want you to be the real master."
"You two are here, probably not just to tell me this, right?" He Zhaolong asked after a pause.
Su Yue smiled and said, "Old He is really smart. Sister Yun Xi and I are here to share the worries of HSBC. We want to take over the equity of Far East Bank."
"Do you want to take over the equity of Far East Bank?" He Zhaolong thought he had heard it wrong.
"Yes!" Su Yue said, "At this moment, Far East Bank will inevitably be abandoned by HSBC headquarters. This is the only choice to prevent this mine from exploding and affecting itself."
"In this way, why not transfer this part of the equity to us 'Benyue Capital' and transfer this thunder to us."
"According to your words, Far East Bank is a bank that is destined to go bankrupt in a crisis. Why are you going to acquire him?" He Zhaolong stared at the two of them, "Also, your 'Bentayga Capital' is an investment company, not in the banking system. Although Far East Bank is a hot potato at this time, even if you can afford the price, the Hong Kong City Financial Management Bureau will not approve it."
"If we can raise funds to solve the risk of the run of Far East Bank and avoid this thunder igniting the entire Hong Kong City Bank crisis, I think the MAS will approve it." Su Yue smiled and said, "Old He said this is a hot potato. I think it's right. You can hold it in your hands, so it's better to throw it to us and let's try it."
"If you sell Far East Bank equity, you HSBC will make a big profit in time and will get a huge cash flow."
"And if the risks are passed on, why not do it?"
"Just you said, the funds needed to solve the current dilemma of Far East Bank are calculated in almost 100 billion yuan." He Zhaolong stared at Su Yue's eyes and asked, "You 'Benyue Capital' is just a small-scale investment company in China. Can you take out such a huge amount of funds?"
Su Yue smiled and said, "This is our own business, so you don't have to worry."
He Zhaolong stared at the two of them and pondered for a while. He couldn't think of a reason for them to do so, nor did he believe that "Bentayga Capital" could raise 100 billion yuan in a short period of time.
However, what Su Yue said is worth a try for the current HSBC Bank.
While he was thinking, the phone ringing on his desk. He Zhaolong picked up the phone and asked, "Old Feng, what's the matter?"
The person in the microphone said: "The representative of Standard Chartered Bank has come over and expressed his idea of acquiring the equity of Hang Seng and Far East Bank. Lao He, what do you think about this?"
He Zhaolong was extremely shocked and subconsciously looked up at Su Yue and Gu Yunxi.
"Old Feng, you deal with it first. I'll call you later." He Zhaolong hung up after saying that, and then looked at Su Yue and Gu Yunxi, and said, "The people from Standard Chartered Bank are here, and their purpose is exactly the same as you. You... you should have known this news a long time ago, right?"
"No!" Su Yue replied, "I just guess Standard Chartered will take action."
After a pause, Su Yue continued: "Mr. He, have you never thought that HSBC was hit by a foreign capital run crisis. Was it the leader of Standard Chartered Bank?"
"Their purpose is Hang Seng and Far East Bank."
"If you transfer the controlling stake in Hang Seng and Far East Bank to Standard Chartered, the banking structure of Hong Kong City will be completely changed. I don't need to say more about the impact, Mr. He also understands it."
He Zhaolong nodded: "You are smarter than I think."
"We have taken the wrong step since taking over Standard Chartered's mortgage debt. This time... we will definitely not go wrong again." He stood up from his office chair and continued to say to the two of them, "You two are waiting here first. I will call on the board of directors and discuss it later."
Su Yue and Gu Yunxi nodded and watched him leave.
"Xiao Su, Standard Chartered's competitor is much stronger than us." Gu Yunxi said worriedly, "Can we really take over Far East Bank?"
Su Yue took the fragrant tea handed over by a beautiful secretary in the office, took a sip, and said, "The stronger Standard Chartered, the less likely it is to win. Even if their bid is higher, it is useless. This guy is HSBC's mortal enemy. HSBC will not be so stupid if he cuts his own flesh to fatten his opponent."
"For HSBC, the best solution is to transfer the equity of Far East Bank to us."
While the two were talking, it was already 1:00 pm.
The stock market and bond market opened again, Hong Kong stocks held 21,000 points, the long and shorts were tug-of-war, and the integer mark was lost and regained, and the gains were lost. The bond market, extended bonds of mortgage loans and bond futures contracts were still slowly falling. The short side had an absolute advantage and was pursuing the victory, hoping to completely blow up the longs.
Luo Yunfeng followed the operating instructions assigned by Su Yue when he left, and continuously increased the long positions of the Hang Seng Index and the main contracts of bond futures. Seeing that the losses of the contract positions were getting bigger and bigger, it had begun to exceed the profits of short closings before, his weight could not be leached out of his money, and his inner pressure was extremely high.
Stay until 1:43 pm.
020303 The main contract of bond futures was hit by the shorts and the price was 52 yuan. Luo Yunfeng gritted his teeth and did not dare to continue to increase his position.
In the early trading, after the bulls broke their positions on a large scale, the multi-party gathered again.
At this moment, it is already on the verge of liquidation again.
If he continues to follow Su Yue's instructions, he will most likely follow the footsteps of these investors who have liquidated their positions.
Su Yue's funds placed on the main contract of 020303 futures, the two bank accounts, plus the previous short-selling profit part, totaled about 8 billion. If this part of the funds were forced to liquidate in his hands and the principal was zeroed, he felt that he might not be able to explain it.
After stopping the increase in positions, the price of the main futures contract of 020303 did not improve as a result.
On the contrary, under the suppression of the short side and the bulls were forced to close their positions and stop losses, the price continued to decline rapidly, reaching around 50 yuan, with a discount of nearly half.
Seeing that the loss was getting bigger and bigger, the forced closing warning line was already not far below.
Luo Yunfeng's palm was covered in sweat, and he could no longer support this huge pressure. He grabbed the phone and called Su Yue, quickly explaining the situation at this moment.
Su Yue and Gu Yunxi are in He Zhaolong's office at this moment, waiting for the final resolution of the HSBC Board of Directors.
Hearing Luo Yunfeng's words, Su Yue pondered for a moment, looked down at the time, and said, "From Huayin Port City Holdings' capital account, each transferred 2 billion yuan to the two accounts that are being traded, to ensure the safety of the position. As for how much the current price is lost, don't worry about it. No matter how much you lose on the book, we will get it back with the principal and the profit."
Hearing Su Yue's order, Luo Yunfeng breathed a sigh of relief, raised his heart to his throat, and slowly let it go.
"Xiao Su, the long positions will increase the advantage of the short positions." Gu Yunxi gritted his teeth and said, "The main contract of 020303 futures has fallen to this point, and the long positions will only have a last bit of expectations left. Once the 50 yuan mark breaks, if the long positions are more and more, all long positions will have to be liquidated. It is too dangerous for you to do this."
"There is no way to retreat." Su Yue gritted his teeth and said, "The main contract of 020303 futures is a line of defense that must be defended."
As he said that, Su Yue called Yi Gang: "Director Yi, the team that operates the bond market must do their best to keep the 50 yuan mark of the main contract of mortgage-related derivative bonds and futures. The longs in the market cannot be allowed to completely overturn the positions. The funds that can be used for bond market blocking are seriously insufficient, and you need your support."
"Okay!" Yi Gang responded, "The 20 billion yuan of funds entered by Huashang Bank have been prepared. I will let the trading team directly connect with your Bentayga Capital trading room."
After saying that, Yi Gang hung up the phone, and then, half a minute later, Su Yue received a new phone number message.
Su Yue passed over and explained the crisis to the other party at the moment, requiring the other party to buy bonds and bond main futures contracts at the same time, and defend the last line of defense of the longs.
Then, after the two of them got together, Su Yue sent the phone number to Luo Yunfeng.
Let the trading room contact the other party directly and immediately reach a linkage between the two parties.
With the addition of new funds, a large number of long positions have appeared on multiple main bond futures contracts such as 020303, 020317, 020326. At the same time, related bonds that were frantically sold on the market have also received huge buying.
With the huge amount of funds entering the market, the bulls stabilized their position at the 50 yuan line. Just like the stock market at this moment, as time goes by, they tug at each other in key points and guard against each other.
In the real estate market, after the entry of the Huaru Real Estate, the panicked real estate sales finally came to an end.
However, the real estate in the hands of various funds under Xize is still selling at a large scale at a low price, consuming the funds of "Huaru Real Estate", hoping to trigger a wave of panic and selling again.
The bank's bank runs are coming from behind with the surge in foreign capital.
It has become the most panicked and most serious crisis in the entire financial system of Hong Kong City.
At 2:15 pm, Far East Bank once again exhausted the funds allocated by the Financial Management Bureau. Major branches and major branches were completely panicked in the face of the continuous and surging withdrawal and transfer customers.
President Yan Rujun made a call and then raised all the funds he could raise.
However……
Faced with this tide of customer crowds, it is still a drop in the bucket.
From the words from the HSBC Headquarters at noon, she had heard the meaning of Far East Bank being abandoned by HSBC Group.
"President, we...we do our best." The two managers of the Credit Department and the Assets Department said in unison.
These two are the core backbone she promoted and can be regarded as her confidants. At this moment, they also know that Far East Bank is about to come to an end in this storm and faces bankruptcy.
"How long can our bank's reserves last?" Yan Rujun asked last.
To be continued...