Chapter 570

"I will not enjoy the glory alone!"

"Success will definitely have you!"

As Guan Zu's voice fell, the reporters in the audience went crazy.

In the press section, a reporter from "Finance" clenched his fountain pen and wrote in his notebook: "'Five Star wildly fucks the banking industry, major banks are unable to resist'!"

Various banks, insurance, trusts... and other financial companies also went crazy at this moment.

Smashing the market!

He is smashing the market!

And among the TV viewers in Hong Kong, those ordinary citizens, the emotional citizens already had red eyes, tears fell, and the rest were moved inside.

Mr. Guan!

Loyalty!

But there was another part of the people, those poor people, who had no money in their pockets, but were very disappointed. 20,000 Hong Kong dollars was a chasm for them.

They had no money, so they couldn't get this wealth at all.

Sham Shui Po No. 1 Sunshine Community,

A group of citizens who moved in here looked at the TV, feeling dejected.

"We have no money at all."

"20,000, where can we scrape it together?"

"It's all our own fault for being useless..."

Gu Yaozu, the Daoist priest, Tang San, Ah Hui...

They all wanted it, but were powerless.

20,000 is not so easy to earn; they now have housing solved by Five Star Property and Five Star Charity, but they still need to solve their own food and clothing, and can only save a little bit every day.

And at this time,

Guan Zu hadn't finished speaking yet.

"I know that there are many poor citizens in Hong Kong, including those neighbors and citizens of the Sunshine Project, who simply don't have enough money to buy this share..."

"You don't have to worry!"

"As long as you provide a certificate of poverty and pass the audit of Five Star Property, Five Star Bank will provide you with a 20,000 Hong Kong dollar ultra-low-interest loan to buy this share."

"Installment for 50 months, monthly repayment of 400 Hong Kong dollars, annual interest rate as low as 1%."

All the poor citizens of Hong Kong straightened up at this moment.

"???"

"Can you give us a loan?"

"Good!!"

Gu Yaozu slapped the table hard.

Ah Hui, Tang San, and others cheered one after another.

Warm currents surged in their hearts.

What Mr. Guan said: "Hong Kong's take-off can also take them along."

At this moment, it was realized again.

Gratitude!

The next time was for Chen Yongren to take the stage to deliver a speech, further refining the content Guan Zu said.

He spoke for a full hour.

Then it was the Q&A session with reporters.

A financial reporter: "Mr. Chen, the current establishment of Five Star Bank will definitely cause bank stocks to plummet and bank runs to occur frequently. This can't help but make people worry, does this indicate the arrival of a financial stock market crash?"

The first question was extremely sharp.

That's right!

Financial storm!

Stock market crash!

This powerful deposit-taking ability of the Five Star Group really might cause the banking sector to collapse, leading to a stock market crash.

Chen Yongren's expression was calm and his gaze was firm: "First of all, I must make it clear that although the establishment of Five Star Bank will bring impact to the industry, it is not equivalent to the inevitable arrival of a financial crisis."

"In response to the current bank run and the possible decline in bank stocks, we have a clear and feasible response plan."

"The specific plan is: for small and medium-sized banks, we will take over the personal deposit debts of small banks."

"And at present, we have signed support agreements with more than 60 small and medium-sized banks."

"These banks will broadcast the list on ATV's noon news next, please pay attention, citizens of Hong Kong..."

"There are also more than 30 small and medium-sized banks still under negotiation..."

"And for several large banks, we have sufficient confidence in their strength..."

In a nutshell: HSBC, Standard Chartered, Hang Seng, East Asia, several large banks, you bear your own crises.

Chen Yongren's voice fell,

There were no reporters interviewing in the hall for a while, but they were all digesting this passage.

They all realized: during the restructuring of Five Star Bank, a lot of preparatory work was done to make the Hong Kong stock market as stable as possible.

Not long after, another reporter asked, "Mr. Chen, Mr. Guan Zu just mentioned that Five Star Bank will absorb deposits with high interest rates, which will undoubtedly increase the bank's operating costs. For a bank, deposits are undoubtedly liabilities, and Five Star Bank has launched such a large-scale profit-sharing shareholding plan for citizens, will Five Star Bank bear huge debt and interest pressure?"

Chen Yongren was full of confidence: "Please rest assured about this, we will continue to hold press conferences later to explain our future plans to all of Hong Kong. Five Star Bank is not blindly taking risks, but is actively innovating on a stable foundation to bring new vitality to Hong Kong's financial market."

Then he answered for another hour.

It was already 11:40.

Chen Yongren: "Finally..."

"There is one more piece of news to announce..."

"Five Star Bank will officially land on the Hong Kong stock market tomorrow, Friday, January 3rd..."

"Approved by the Securities and Futures Commission and the Stock Exchange, the specific listing data is as follows: Total share capital: 40 billion shares (after listing), circulating shares: 80 billion shares (20%), issue price: 10 Hong Kong dollars/share."

All reporters and photographers in the audience were spinning wildly in their brains...

40 billion shares * 10 Hong Kong dollars = 400 billion Hong Kong dollars...

This listing valuation is a bit higher than the previous 330 billion valuation, but it is not outrageous.

Combined with the "Million Shareholding Plan" thrown out by the Five Star Group, the possibility of breaking the issue price (falling below the issue price) is very low.

Once it rises, the market value of the Five Star Group will exceed 400 billion Hong Kong dollars.

Chen Yongren's last sentence: "Our Five Star Bank has also obtained the authorization and consent of the Securities and Futures Commission, the Hong Kong Stock Exchange, and the Hang Seng Index Company, and officially joined the Hang Seng Index list, adding bricks and tiles to the stability of the Hong Kong stock market..."

The press conference officially ended.

HSBC Building.

Head Ainuoer watched the entire press conference of Five Star Bank.

He was simply driven crazy by Guan Zu's shameless behavior.

"Opening a bank is to make money!"

"Banks all over the world do it this way!"

"Why does your Five Star Bank want to give money to the poor?"

"For the sake of the market, losing a lot of benefits, aren't you afraid of losing money?"

"Fuck!!"

"Aren't you afraid that your approach will cause a stock market crash?"

A collapse in financial stocks will directly lead to a situation: the stocks held by retail investors suddenly become "waste paper," and they need to go through long legal procedures to recover the buyback money, so they will be very panicked; while shareholders of banks that have not been delisted worry that "it's their turn next," accelerating the sell-off of stocks.

Thereby pulling down the Hang Seng Index, triggering passive sell-offs of index funds and ETFs, forming a vicious cycle of "stock price decline — fund redemption — further sell-off."

Of course,

The support of small bank deposit debts reported by Chen Yongren will definitely have an effect, but no one knows how much effect it will have.

Specifically, we have to wait for the stock market to open in the afternoon to know the specific situation.

But Ainuoer still felt that,

Bank losses will naturally lead to a stock price crash, and then further affect the Hang Seng Financial Index —> Hang Seng Index...

A financial storm has a certain probability of appearing.

At this moment, he laughed with surprise.

Don't these British people want Hong Kong to be chaotic?

Now the opportunity has come!

"Guan Zu, Guan Zu, this time, I want you to spit out all your blood for me!"

He immediately called abroad.

Shorting!

Shorting hard!

Use international funds to harvest a wave of Hong Kong.

"Beep beep beep..."

After a few busy tones, a calm British accent came from the other end of the phone: "This is HSBC International Headquarters, I am the executive director's secretary..."

"Please help me transfer to Mr. Robert, I have something very, very important and urgent to report."

Soon,

The executive director there answered the phone.

"Mr. Robert, I am Ainuoer from Hong Kong..."

Ainuoer quickly and clearly explained the ins and outs of the matter.

"Wow, this feels like an opportunity!" Robert made a surprised sound on the other side.

"Yes!" Ainuoer said, "Once financial stocks plummet, the stock prices of small banks will be cut in half and then cut in half again, and many of them won't be able to hold on and will have to delist... at that time, it will definitely affect the Hang Seng Index... it is very likely that a Hong Kong stock market crash will occur!"

"Don't be in a hurry... it's easy to make mistakes if you're in a hurry, let me think carefully."

The other side of the phone was silent for about a minute, and Robert slowly said: "It sounds feasible, but we need a lot of funds, and we need to unite with other international capital to share the risks..."

"And, we need to hold a meeting to study and discuss; you should understand that involving such a huge amount of funds requires a lot of time."

Ainuoer: "Can it be done within a week?"

Robert: "No, it's not that easy, at least a month, half a month at the fastest. You are in Hong Kong, you are familiar with it, but other shareholders of HSBC are not familiar with Hong Kong. It is best if you can return to the UK in person. Also, lobbying international funds requires more time."

"I..."

Ainuoer really wanted to say if I left Hong Kong, how could I preside over the overall situation.

On the other side,

Five Star Group Building.

When Guan Zu and Chen Yongren were talking about things, the system's reward came.

"You distributed 30% of the shares to citizens half-sold and half-given, benefiting the public..."

"You received the following rewards:"

"Penalty 1: Your banking measures will cause a large number of financial industry employees to lose their jobs, and will also cause many retail investors in investment banks to suffer heavy losses. Hong Kong citizens' support rate -1% (40%)"

Guan Zu: "............"

Looked carefully...

Oh, it seems he doesn't care that much about them.

Bank employees are all wealthy people.

And retail investors in investment banks... most of them are people with some family assets.

Therefore, he doesn't need to care too much about these groups.

"Reward 1: Hong Kong citizens' support rate +6% (46%)!"

"Reward 2: 'Five Star Halo': The entire Five Star Group learning growth +10%..."

Guan Zu took a look at the system rewards,

The "Five Star Halo" reward is simply great.

"Reward 3: 'Top (World) Secretary Talent Card' * 10, 'Top (World) Management Talent Card' * 10..."

"Reward 4: 'Call Permission' * 1, because what you did was too great and upright, causing most citizens to be very grateful to you, and at the same time trust you very much, you can use 'Call Permission' to get citizens to strongly support you once..."

Hiss hiss hiss~~~~

Guan Zu took a deep breath.

This is even better stuff.

The last "unreasonable suggestion" in Causeway Bay was limited to Causeway Bay, but this time it is directly across Hong Kong.

Withdrawing his mind,

Guan Zu drank tea to calm his shock.

Beside him, Chen Yongren refilled it for Guan Zu.

Guan Zu continued:

"Next, we still have a lot of work to do."

"First of all, among the 30-plus small and medium-sized banks that haven't signed a support agreement with us, 5 of them are listed companies; you call them directly and give them an ultimatum. If they don't sign this afternoon, they won't sign in the future, and let them go bankrupt then!"

These are all wealthy people, Guan Zu naturally won't take care of them.

Feeling sorry for capitalists is a very funny thing.

Chen Yongren nodded: "Good."

Guan Zu: "The second thing,"

"In the future, Five Star Bank will definitely welcome citizens to save money crazily, and then we need to spend the money as soon as possible, otherwise Five Star Bank will definitely have an interest crisis..."

"However, when I went to Guangdong Province last time, I already talked to the leaders of Guangdong Province."

"Shenzhen, Guangdong Province, many people, many resources, little money, everything is waiting to be done, there is a huge funding gap..."

"We can support large, medium, and small enterprises in Hong Kong to enter Guangdong Province..."

"There are more than 1 billion people there, the market is a blank slate, and there is huge space..."

"No matter how much money, they won't think it's too much."

"And there is one more point, as long as Hong Kong citizens make money in the mainland, then naturally the relationship between the two sides can be deeply bound, and then naturally it can transition smoothly..."

Guan Zu sneered.

Aren't there many cockroaches in later generations?

It did cause some trouble.

As long as Hong Kong citizens are bound to the mainland to a certain extent, then, mere cockroaches won't be able to stir up any waves!

Chen Yongren nodded.

Convinced.

As expected of the boss, his vision is much longer-term than his own, and he takes care of everything.

He needs to learn more.

Guan Zu exhorted: "For this matter of capital going north, you need to do two things!"

Chen Yongren: "Brother Zu, please speak."

Guan Zu: "The first thing: you need to go to the Xinhua News Agency in person and talk to the leaders. Then go to Guangdong Province and talk to the leaders."

"After talking, the second thing is: return to Hong Kong to find those medium, large, and small enterprises willing to go north. This requires a patient person to talk..."

Guan Zu thought for a while: "Let Jimi Zai go."

Jimi Zai has never had a chance to perform; let him go this time, perform, and accumulate some experience.

Chen Yongren solemnly: "Leave it to me!"

Guan Zu: "Also... if these business owners are uneasy about the mainland, then our Five Star Group can provide credit guarantees."

Chen Yongren smiled: "That's right, with the Five Star Group's credit guarantee, there shouldn't be much of a problem."

The Five Star Group has now become a behemoth, and its reputation is high; with the Five Star Group's guarantee, it can naturally make those medium, large, and small enterprises feel at ease.

If it were HSBC, they would be afraid of being eaten up by HSBC.

This is reputation!

What Guan Zu wants to do is to use Hong Kong's manpower and capital to form a complement with the mainland's manpower and material resources.

Make it bigger and stronger together!

It can also support the huge amount of deposit funds about to arrive at Five Star Bank.

Killing n birds with one stone!

Chen Yongren nodded: "No problem."

Guan Zu stood up and came to the floor-to-ceiling window,

"HSBC, Standard Chartered, and those people will definitely make trouble... they might even cause a stock market crash..."

"However..."

Does Guan Zu have confidence?

Yes.

He has already talked to the leaders in the north and the leaders of the Bank of China, and has sufficient guarantees.

Moreover, as long as Five Star Bank succeeds this time and stabilizes the Hong Kong stock market, it is enough to establish Five Star Bank's absolute position in Hong Kong.

'98 Financial Storm?

Whoever dares to come, whoever will die!

Even, he can go to Southeast Asia, Japan, and South Korea to harvest a circle, turning Hong Kong's wallet from B to E.

(End of chapter)