When I am reborn in Hong Kong, I just want to lie down

Since the establishment of Taiping Hang Lung Bank, Li Bu asked the financial staff to recover the non-performing debts of the original Hang Lung Bank. There were several debts owed to the Jianning Group. He asked the financial staff to recover or add collateral in a timely manner, and told Yuan Daban that he could not Then loan to Jianing Group.

……

"The head office wants to collect these loans, please understand Mr. Chen." The collection staff of Taiping Hang Lung Bank said in a dilemma.

Opposite me, President Chen was flustered on the inside but as calm as a dog on the outside. He smiled and said, "No problem, but this 2000 million is a huge sum of money after all. It will take several days to raise it."

"Sheng Chen, please give me some time so I can explain it to the head office."

"A week!"

"A week is a bit long, and the head office will not be satisfied."

"Three days, three days at the earliest."

"Okay, Chen Sheng, I hope you keep your word and won't disturb you anymore." After that, he left neatly.

President Chen is in a dilemma in the office. The current market situation is not good, the house is not easy to sell, and there is no way to create good news about the stock price, raise the stock price, and cash out.

After the collection staff came back, they were called to Yuan Daban's office. Li Bu was sitting on the sofa drinking tea, listening to Yuan Daban asking about the collection.

"So, it takes a week for the other party to raise even 2000 million, which means they have a problem!" Li Bu was thinking in his mind while listening.

Li Bu interrupted and said, "How much is Jia Ning's total loan?"

"Li Sheng, the total is HK$3000 million."

Li Bu was stunned for a moment, why are there so many? No wonder Hang Lung Bank collapsed, maybe it was related to Jianing. Thinking of this, Li Bu felt furious in his heart. He didn't want to have anything to do with you, but in the end you owe me so much money, so don't blame me. You're welcome, he has to earn back at least 3000 million Hong Kong dollars, right?

“Are these all secured?”

“Half of it is secured and the rest is secured by shares.”

Currently, Jianing Group's stock is still trading sideways. If this is the case, then I don't blame him for being rude.

Li Bu came to Hengfa Securities and started his short-selling operation on Jiangning. This time he was going to borrow a large amount of stocks from some organizations that owned stocks and then sell them. Compared to the Jiangning Group with a market value of 70 billion, he had hundreds of millions of shares. Not much.

After short-selling the borrowed stocks, Li Bu went to Taiping Hang Lung Bank and called someone from the credit department over.

"Have they paid back the last loan?"

"Li Sheng, they returned it."

“What do they say about other loans?”

"They have no money now and want me to extend my stay."

When Li Bu heard the bad news, he felt a little more confident. He said, "You can ask Jia Ning Group to sign a supplementary agreement, allowing them to mortgage our stocks and lend them out."

After hearing Li Bu's words, Yuan Daban was a little surprised and said: "Li Sheng, are you going to..."

"Yes, I want to short them. They are short of funds now. Something must have happened that we don't know about. The loan of 2000 million Hong Kong dollars will be delayed for several days. This market value is not consistent with the actual situation." Li Bu took a sip of tea. He continued: "We can't sit still and wait for death. We have to save ourselves. We sell the stocks now. If something goes wrong, we will buy them back when the stock price drops to a reasonable level."

"Li Sheng, I'll arrange for someone to do it right away. If they don't sign the supplementary agreement, then there's something wrong with them."

"Yuan Daban, you're not bad, that's all."

……

"Li Sheng, a supplementary agreement was signed over there."

"Whether they sign it or not, we have to sell it, haha... These bastards actually dare not to pay me back. I want you to look good."

"Li Sheng, should we sing Kong Jianing in the media?"

"No, do you know how many people are behind him? How many creditors there are. Will they blame us?"

"Yes, you are still thoughtful, Li Sheng." Yuan Daban admired him. This was not flattery, but a genuine sentiment.

"Hey, stop, stop, our bank does not engage in personality worship; we just have to wait for this Jia Ning matter."

……

Hengfa Securities, in a trading room, people inside are making phone calls from time to time, and some people are constantly issuing trading orders. Thanks to Hengfa Securities' ownership of Hong Kong's 'Hong Kong Club', 'Far East Club', and 'Gold and Silver Club' The seats of the four clubs of 'Kowloon Club' and 'Kowloon Club' have priority in trading. When the four clubs merge in the future, it will not be until 1986. By then, these trading seats will be more expensive.

"Sell all the Jianing stocks borrowed from Taiping Hang Lung Bank, and don't affect the stock price." Li Buzheng gave the order to the trader.

……

In September, Carin announced a profit of HK$9 million. Soon after, it announced that it had poor cash flow and its stock price plummeted.

"Li Sheng, you are really good at predicting things. I'm afraid Jianing is doomed."

Li Bu listened to the people around him flattering him, his expression unchanged. As they flattered them, they were filled with admiration. This time, they made a lot of money by shorting Carin, but Taiping Hang Lung Bank lost a lot of money. But he was in no hurry.

Li Bu came to the phone and called Yuan Daban's office. The secretary answered the call. When he heard it was the boss, he immediately went to Yuan Daban.

"Boss, you're looking for me." A breathy voice came from the other side.

Li Bu heard Yuan Daban running over and said, "Jianing is finished. We will immediately send a team of lawyers to apply for loans with collateral, freeze the collateral, and apply for enforcement."

"Okay, I'll do it right away."

Zhang Shan, Liang Xiaoshi's cousin, is now a barrister and the leader of the legal team this time. He enforced the mortgage before other creditors could react.

The original Hang Lung Bank had a loan of HK$7000 million, and the collateral was a commercial building in Tsim Sha Tsui. The original price was HK$7000 million. Now no one wants the HK$[-] million.

When a series of legal procedures were completed, the creditors reacted, but it was already too late. Taiping Hang Lung Bank only took back a building for HK$3000 million. As for the stocks, they were now useless paper, worth less than HK$[-]. , quickly complete the position closing.

At that time, Taiping Hang Lung Bank had a provision of HK$7000 million in bad loan debts on its financial statements, which not only allowed it to pay less tax, but also made its finances look uglier. It was not a listed company anyway, so it didn't matter to Li Bu.

Follow-up: The Carining Group incident exposed accounting fraud due to the collapse of its shares. If the stock price keeps rising, it may be possible to go public after a few years. This is similar to América's "Enron financial fraud" routine. Carining used unfair channels The loan amount is more than 60 billion Hong Kong dollars, and there are also loans from various channels in Hong Kong, totaling tens of billions of Hong Kong dollars. The actual assets are less than half of the market value.