Chapter 556 "555" Hong Kong: Brother Zu, loyal!

"I don't enjoy the glory alone!"

"Successful, you must be there!"

As Guan Zu finished speaking, the reporters in the audience seemed to go crazy.

In the press conference, the reporter from "Finance" held his pen tightly and wrote in his notebook: ""Five-star crazy banking industry, major banks are unable to resist"!"

All banks, insurance, trusts, etc., are also going crazy at this moment.

Smash the market!

He is smashing the plate!

Among the TV audiences across Hong Kong, the ordinary citizens, the emotional citizens, were already red in their eyes, and tears fell, and the rest were all moved.

Mr. Guan!

loyalty!

However, there are other people, those poor, who have no money in their pockets, but are very disappointed. 20,000 Hong Kong dollars is a natural disaster for them.

They have no money, so they can't get this wealth at all.

Sunshine Community, No. 1, Sham Shui Po,

A group of citizens who lived here were depressed watching the TV.

“We have no money at all.”

"20,000, where can I get enough?"

"It's all our fault that we are useless..."

Gu Yaozu, Taoist priest, Tang San, Ah Hui...

They all want it, but they are powerless.

20,000 is not that easy to make. They have now solved the housing by five-star property and five-star charity, but they still need to solve the problem of food and clothing themselves, and they can only save a little bit every day.

And at this time,

Guan Zu hasn't finished speaking yet.

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

"You don't have to worry!"

"As long as you issue a poverty certificate and pass the review of Wuxing Property, Wuxing Bank will provide you with an ultra-low interest loan of HK$20,000 to purchase this share."

"Installations are 50 months, monthly repayment is HK$400, and annual interest is as low as 1%.

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

“???”

“Can we get a loan?”

"good!!"

Gu Yaozu slapped the table suddenly.

Ah Hui, Tang San and others cheered.

The inner heat surges.

Mr. Guan said: "You can also bring them with you when taking off Hong Kong Island."

At this moment, it was revealed again.

grateful!

...

In the next time, Chen Yongren came to the stage to deliver a speech, further refining what Guan Zu said.

It took me a full hour to talk.

Then there was a question-and-answer session.

A financial reporter: "Mr. Chen, the current establishment of the Five Star Bank will definitely cause bank stocks to plummet and runs frequently. This makes people worry. Does this indicate the arrival of a financial stock market crash?"

The first question is extremely sharp.

That's right!

Financial storm!

Stock stock market crash!

The powerful reserve-absorbing ability of Wuxing Group may really lead to a collapse of the banking sector and, in turn, a stock market crash.

Chen Yongren looked calm and his eyes were firm: "First of all, I must be clear that although the establishment of the Five Star Bank will bring an impact on the industry, it is not the inevitable arrival of a financial crisis."

"We have a clear and feasible response to the current bank run and the possible decline in bank stock markets."

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

"At present, we have signed a trust agreement with more than 60 small and medium-sized banks."

"These banks will broadcast the list in ATV midday news next. Please pay attention to Hong Kong citizens..."

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

"Which several big banks, we have sufficient confidence in their strength..."

In a word, you can tell me: HSBC, Standard Chartered, Hang Seng, and several major banks in East Asia. You can bear the crisis yourself.

Chen Yongren's voice fell,

There was no interview with reporters for a while in the synagogue, but they were all digesting this passage.

They all realized that during the restructuring of Five Star Bank, they also made a lot of preparations to make the Hong Kong stock market stable as much 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 operating costs of the bank. For banks, deposits are undoubtedly debts, and Five Star Bank has launched such a large-scale plan to concession citizens' stockholding. Will Five Star Bank bear huge debts and interest pressure?"

Chen Yongren is full of confidence: "Please rest assured about this. We will continue to publish press conferences in the future to explain our future plans to the whole Hong Kong. Five-star Bank is not blindly taking risks, but actively innovating on a stable basis to bring new vitality to the Hong Kong financial market."

The next answer lasted for another hour.

It was already 11:40 now.

Chen Yongren: "Finally..."

"There is another news announced..."

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

"After reviewed by the China Securities Regulatory Commission and the Stock Exchange, the specific listing data are as follows: Total share capital: 40 billion shares (after listing), circulating shares: 8 billion shares (20%), issue price: 10 Hong Kong dollars per share."

All the reporters and photographers were circling wildly in their minds...

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

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

Combined with the "million-stakeholding plan" launched by Wuxing 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 HK$400 billion.

Chen Yongren's last sentence: "Our Five Star Bank has also been authorized and approved by the China Securities Regulatory Commission, Hong Kong Stock Exchange, and Hang Seng Index Company to officially join the Hang Seng Index list, contributing to the stability of the Hong Kong stock market..."

The press conference officially ends.

...

...

HSBC Building.

Grand Ban Ainor watched the press conference of Five Star Bank throughout the whole process.

He was so angry that he was so angry that Guan Zu's shameless behavior.

"Opening a bank is to make money!"

"Banks all over the world do this!"

"Why do you want to give money to the poor?"

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

“Fuck!!”

"Aren't you afraid of causing stock market crashes in this way?"

A plummeting financial stocks will directly lead to a situation: the stocks held by retail investors suddenly become "waste paper" and need to recover the repurchase funds through a long legal process, so they will be very panicked; and shareholders of the undelisted banks are worried that "it will be their next turn" and accelerate the sale of stocks.

This further lowers the Hang Seng Index, triggering passive selling of index funds and ETFs, forming a vicious cycle of "stock price decline - fund redemption - further selling".

certainly,

Chen Yongren reported that the savings debts entrusted to small banks will definitely have effect, but no one knows how much it will have.
To be continued...