radicalducati Page 647
Page 647
Liao Liewen, standing to the side, watched his sister's departing figure, a hint of embarrassment on his face.
He said to He Yuzhu somewhat embarrassedly:
"Mr. He, you must be laughing at me. My sister has been spoiled by our family since she was a child, which has led to her being so willful and ill-mannered now."
He Yuzhu quickly waved his hand and responded with a smile:
“Young Master Liao, you flatter me. However, since your sister loves this villa so much, how about we call off the deal? As the saying goes, a gentleman does not take what others love. I will return the villa to your sister.”
Liao Liewen quickly shook his head and said firmly:
“Absolutely not, Mr. He. It is our honor that you have taken a liking to this villa. Moreover, our family is currently facing difficulties. Once the situation stabilizes, we will definitely choose a more luxurious villa for my sister as her dowry.”
Upon hearing this, He Yuzhu tried to persuade Liao Liewen a few more times, but Liao Liewen remained resolute in his refusal.
Left with no other choice, He Yuzhu had to give up, and the matter was dropped.
In the three days prior, those who came to the bank to withdraw money were mostly depositors who panicked at the slightest hint of trouble and were the most easily swayed.
These people were terrified that the bank would suddenly go bankrupt and close down, so they acted with lightning speed.
On the fourth day, there were still a few people coming to collect their money, but the number was significantly less than in the previous days.
Throughout the entire day, only about 500 million in cash was withdrawn.
On the fifth day, the situation did not seem to improve, with only a paltry 350 million in cash being withdrawn.
In the following days, the amount of cash withdrawn each day remained relatively stable at around 200 million.
Although the number of people coming to withdraw money has decreased significantly compared to before, a heavy gloom still hangs over the entire bank.
Many depositors would rather forgo the interest income than lose their savings in cash.
Although the total amount of money withdrawn daily is gradually decreasing, what is worrying is that almost no one is choosing to deposit money in the bank.
The original cash reserves of 2000 million yuan only lasted for eight days before flashing a red light again, declaring an emergency!
However, at this critical moment, He Yuzhu was finally able to free up his energy and resources to deal with the crisis.
He quickly allocated funds and injected another 500 million yuan in cash into the bank.
Moreover, through various efforts, Liao successfully borrowed some cash from other channels, eventually raising a total of 1000 million yuan.
After the huge sum of money was reinvested in the bank, it was somewhat reassuring that the number of people coming to withdraw the money had decreased significantly, averaging only about one million per day.
In fact, as soon as the incident occurred, Liao Baoshan took precautions and immediately sought support and assistance from the Governor's Office.
Faced with this daunting mess, Sir John Prickley remained extremely cautious and did not offer immediate assistance as expected.
The Governor's Office's ambiguous and unclear attitude was like a silent signal, causing other major banks to choose to remain inactive and wait and see. They also turned a blind eye to the serious bank run that Liao's Innovation Bank was facing.
Fortunately, Liu Chong Hing Bank has a group of loyal friends and family members who stepped forward without hesitation to provide comprehensive support and assistance.
It was thanks to the powerful strength brought by this deep friendship that Liao Chuang Hsing Bank was able to weather the long and difficult two weeks.
Despite the continuous and frantic bank runs by ordinary people during this period, it is reassuring that banks still have ample cash reserves to cope with the storm.
As time quietly passed, Liao Baoshan confidently stepped into the solemn and majestic Governor's Mansion once again.
This time, however, the Governor's Office's attitude underwent a complete 180-degree change!
The reason is simple: Liao Baoshan, through his relentless hard work and struggle, ultimately turned the tide and averted disaster.
Although some people still go to the bank to withdraw money today, the daily withdrawal amount has dropped significantly, even to less than a million.
All indications clearly show that Liu Chong Hing Bank has safely weathered this critical crisis.
That evening, a striking photograph was published in the evening paper: Liao Baoshan and Sir John Blake stood side by side, smiling.
At the same time, the Governor's Office also issued a sincere statement, solemnly guaranteeing the Liu Chong Hing Bank and unequivocally confirming to the public that the bank had no problems.
The following morning, sunlight streamed through the city's streets and alleys, seemingly bringing a touch of warmth and hope to the entire world.
Just as people were starting their busy day, HSBC and Standard Chartered, the two note-issuing banks, issued statements almost simultaneously, indicating that they would not hesitate to provide assistance to Liu Chong Hing Bank if it had any funding needs, to ensure the safety of every depositor's funds.
The joint statement from the Governor's Office and the two major banks was like a bombshell dropped into a calm lake, creating ripples.
The news spread quickly to every corner of the city, and people spread the word, their worries and anxieties instantly dispelled.
Everyone exclaimed with relief: "Now we can finally relax!" It seems that Liu Chong Hing Bank has truly overcome this crisis.
Sure enough, by the next day, the crowds that had once gathered anxiously in front of the bank branches, waiting in long lines to withdraw money, had vanished without a trace.
Those entrances that were usually bustling with people and noisy were now deserted, with only the occasional passerby glancing at them.
Nevertheless, compared to the tense atmosphere of the previous run on banks, the current quietness brings a different kind of tranquility.
For the Liao family, their long-held anxieties finally eased.
This harrowing crisis was like a nightmare, but thankfully we made it through without any major incident.
Of course, the Liao family paid a considerable price for this, but as long as the bank could survive, it was all worth it.
As evening fell, the last rays of the setting sun shone through the window into the room.
With a smile, Du Weifang slowly walked up to He Yuzhu, holding an exquisite invitation in her hand. She gently placed the invitation on the table and then softly said:
"Look, who sent this?"
He Yuzhu looked up with some curiosity, glanced at Du Weifang, and then reached out to pick up the invitation.
As he slowly opened it, he casually asked, "Whose is it?"
After reading the contents of the invitation, He Yuzhu couldn't help but show a surprised expression.
It turned out that the invitation was sent by the Liao family, and it clearly stated that he was invited to attend a celebration banquet at noon the next day, and also to attend the Liao family's family dinner in the evening.
He Yuzhu carefully examined the invitation, pondering to himself...
At midday, sunlight streamed through the huge floor-to-ceiling windows onto the floor of the hotel's luxurious banquet hall, bathing the entire space in a golden glow.
This place has gathered many celebrities from all walks of life in Hong Kong. Amidst the elegant attire and clinking glasses, a grand banquet is underway.
The organizer of this banquet was none other than the Liao family.
This banquet was a strong signal from the Liao family to the outside world—that after experiencing numerous setbacks, they have persevered.
As night fell and the noise gradually subsided, the Liao family once again hosted a warm family dinner at home.
Unlike the hustle and bustle of the daytime, the gathering that night was more private and intimate.
The number of people attending the family dinner was not large, but each one of them was a close relative of the Liao family.
He Yuzhu stood by the window, gazing at the bustling night view outside, a faint smile playing on his lips.
Recalling the moment when he resolutely decided to bet on the Liao family, a sense of emotion welled up in his heart.
The reason he was able to make such a decisive decision at that time was mainly because he knew that in later generations, Liao Chuang Hing Bank would still stand tall and thrive in the financial world.
In retrospect, my bet this time was undoubtedly a great success.
Through these maneuvers, He Yuzhu successfully integrated into Hong Kong's high society circles.
Here, he had the privilege of meeting business magnates such as Li Ka-shing, Henry Fok, and Liao Baoshan.
In particular, with the strong backing of Liao Chuang Hsing Bank, his future business plans and development will be of immeasurable benefit.
"Okay, I will be there on time for the event tomorrow."
Du Weifang walked over and asked softly:
"However, will the land we acquired through previous exchanges ultimately belong entirely to us?"
He Yuzhu gently shook his head and replied:
"Actually, the last 500 million was not a purchase price in the true sense, but a short-term loan. After all, the Liao family has now overcome the difficulties and their economic situation is gradually improving, so they no longer intend to use these lands as collateral."
Upon hearing this, Du Weifang's face showed a hint of regret, and she murmured to herself:
"Sigh, what a pity! You know, 500 million is no small sum. It could have bought many nice plots of land!"
The first batch of 1300 million in exchange for property mortgages was a considerable transaction.
However, the second batch of 5 million was different; it was merely a loan, and it was given an interest rate as high as 1.2%.
It's important to know that bank interest rates in Hong Kong have always been relatively high.
Typically, if you want to get a loan from a bank, the interest rate will often hover around 1% to 1.2%.
When the Liao family borrowed 500 million this time, they had already gradually recovered from their predicament.
After all, the total amount of deposits their bank can absorb is ultimately limited, amounting to only one hundred million.
Prior to this, in order to deal with the bank run crisis, they had already unhesitatingly withdraw a huge sum of more than 60 million yuan in cash.
As a result, the remaining savings amount is only 40 million. More importantly, much of this is from friends from the Chaoshan region, and they have all made it clear that they will not withdraw their money in the near future.
Therefore, the maximum amount of deposits that could ultimately face a run on the bank is only 20 million. For the Liao family, this pressure has clearly been greatly reduced.
That's why, when He Yuzhu lent him another 500 million, the Liao family did not choose to provide him with real estate as collateral.
However, for He Yuzhu, this situation wasn't entirely unacceptable. After all, he couldn't possibly convert all his wealth into land assets, could he?
It is essential to keep a sufficient amount of cash on hand as working capital to be able to flexibly cope with various unforeseen situations.
Upon hearing this, Du Weifang's eyes widened in astonishment as she asked, "Does that mean those two towering skyscrapers, along with the vast land and luxurious villas surrounding them, all belong to you?"
He Yuzhu nodded slightly in affirmation, and then the two began to carefully plan.