章節 1038: Chapter 1038: Shocking the World
Liu Dashan swallowed hard, struggling to look away from the 'mountains of money' in front of him and look at the sparse crowd of people withdrawing money in front of the counter. He took his nephew Liu Wei by the hand and walked towards the counter: 'Wei, let's go ask how much the interest rate difference is.'
Of course, Liu Wei had no objection and immediately followed his uncle Liu Dashan to the counter, finding a window with the fewest people waiting in line.
After waiting for a while, Liu Dashan finally got his turn.
'Hello, what service do you need?'
The beautiful young teller politely asked Liu Dashan in a soft tone.
Liu Dashan, who was standing behind Liu Dashan, looked at her with fixed eyes and said eagerly, 'Hello, Miss, please help my uncle find out how much interest he will get if he deposits his money in a fixed term deposit, and how much interest he will get if he withdraws all the money now?'
Liu Dashan hurriedly said, "That's what I mean.'
The beautiful teller smiled and nodded, "Okay, please give me your bank card and ID card. You can sit down and wait for a moment.'
After saying this, the beautiful teller immediately brought the bank card and ID card and started to inquire. Then she picked up the calculator and quickly started calculating, recording the data on paper before reading it out to Liu Dashan.
'You deposited 30,000 Hong Kong dollars in our bank on June 1st last year for a five-year fixed deposit. The agreement signed at the time was a lump sum deposit and withdrawal, and the five-year fixed deposit interest rate was 8.12%. If you had withdrawn the money after the deposit period expired in 1985, the interest you would have received would have been 12,180 Hong Kong dollars.'
'Our bank's savings rate is 2.21%, and you have been saving for 425 days. If you withdraw the money now, you will only receive the savings rate, which is 771.98 Hong Kong dollars.' (This is a real figure. Back then, interest rates were really high. In 1982, the highest savings rate was 2.88%, and in 1996, it was 2.97%. It's nothing like the current savings rate of 0.35%.)
'Do you plan to withdraw it now or continue to save it as a time deposit?'
Liu Dashan didn't get much education, but at least he understood the concept of big and small.
The difference between continuing to save it as a time deposit until maturity and withdrawing it now was as much as 10,000 Hong Kong dollars!
Apart from supporting his family, he was only 50-something years old and had saved 30,000 yuan. If he had to earn it himself, how long would it take to earn this 10,000 Hong Kong dollars?
And if he handed the money over to the bank, he would get 10,000 Hong Kong dollars in just over three years.
He is simply bearing the risk of Jiuding Bank's possible bankruptcy.
Bankruptcy?
At this thought, Liu Dashan subconsciously looked at the 'mountain of money' in the centre of the lobby, surrounded by a crowd.
He also thought of what Liu Tianci had just said on the loudspeaker, that there was over 10 billion in cash in Jiuding Bank's vault.
Would Jiuding Bank really go bankrupt?
After a moment of struggle, he gritted his teeth and said, 'I won't withdraw it, I'll continue to save it.'
'Okay, thank you for your support and trust in our bank, and I wish you and your family happiness!'
The beautiful teller's smile grew even brighter as she immediately returned Liu Dashan's bank card and ID card.
Liu Dashan picked up the bank card number and ID card, put them in his pocket, got up from his seat, and looked at his nephew Liu Wei.
'Wei, do you want to withdraw money?'
Liu Wei shook his head vigorously and said, 'Uncle, I'm not withdrawing either.'
Those waiting in line behind Liu Dashan and Liu Wei to withdraw money witnessed this scene with their own eyes and were also affected. Some simply left the line and did not plan to withdraw any money again. Those who continued to wait in line mostly just wanted to find out how much their fixed deposit and current account interest would be.
That morning, the lobby of the Jiuding Bank headquarters was packed, but almost everyone there had come to see the 'mountain of money'. Very few people actually wanted to withdraw money.
Some of the counter staff were idle, watching the commotion, and from time to time they sighed, exclaiming that the chairman and president had pulled off a masterstroke.
The head office had defused the run on the bank, and those who had originally planned to withdraw their money basically went home, but other branches were still busy as ever.
However, the run on the bank at other branches was completely eliminated in the afternoon.
It was because at noon, Global News's 'Midday News' had highlighted this unprecedented 'feat' of Jiuding Bank.
The 'noon news' also reported an interview with Liu Tianci, the president of Jiuding Bank, who said some 'explosive' things with a full face of confidence.
Jiuding Bank's wealthy and arrogant attitude, not fearing the bank run and not begging for deposits from its customers, was impressed on the minds of every viewer who watched the news.
The whole of Hong Kong was shaken!
Many people in Southeast Asia, which is covered by Jiuding Satellite TV, were shocked.
This world-shaking 'feat' gave Jiuding Bank a powerful advertisement, leading to an explosive growth in Jiuding Bank's various businesses in Southeast Asia. Of course, that's a story for later.
Let's just say that currently, the major banks in Hong Kong are extremely envious of Jiuding Bank's financial resources after being shocked. Many bank executives have sent their regards to Liu Tianci, with the purpose being self-evident, which is to hope that Jiuding Bank can lend a helping hand to help them weather this storm.
In the afternoon, apart from the Jiuding Bank headquarters, which was almost packed with people wanting to see the world, the long queues outside the doors of other branches and subsidiaries such as Daoheng Bank, Jiahua Bank and Henglong Bank had all disappeared, in stark contrast to other banks that were still in the midst of the run on their deposits.
What angered those banks even more was that some members of the public had immediately run into Jiuding Bank to deposit their money after withdrawing it from their own banks.
This scene was too heartbreaking...
Other major banks such as HSBC, Hang Seng Bank, Bank of East Asia and BOC Hong Kong, etc., although they were very eager to follow suit immediately, were forced to discover that either they did not have so much cash, or it would take some time to mobilise the funds.
On the contrary, after Standard Chartered Bank's Giles Liddell spoke with Liu Tianci on the phone, he immediately asked Xia Yu for permission to do the same, and received Xia Yu's approval and support.
On Monday morning, the news about Jiuding Bank's 'HK$1 billion in cash piling up like a mountain' dominated the front pages of almost all newspapers, and the newspapers under the Jiuding Newspaper Company seized the opportunity to lavishly praise Jiuding Bank.
Seeing this, Xia Yu even joked to Liu Tianci that this would be the beginning of Jiuding Bank officially surpassing HSBC and becoming the leader of the banks in Hong Kong!
Liu Tianci was even more convinced that it was because Jiuding Bank had not yet gone public, otherwise even if a stock market crash broke out, Jiuding Bank's stock price would be able to rise against the market.
...
The prosperity of Jiuding Bank was only a single blooming flower, while other banks were still in the midst of an increasingly fierce run on the bank. Needless to say about the stock market, the two-day weekend on Saturday and Sunday did not bring respite to the stock market, but instead, the latest developments of the Carrian Group announced by the police made investors even more pessimistic.
As the stock market opened at 10 o'clock in the morning, the Hang Seng Index once again plummeted, with the biggest drops being recorded by Carrian Property, Wai Tat Shipping and Cheung Life.
Xia Yu's attention was only slightly focused on the Carrian Group, which was already a lost cause. He was more concerned about the Swire Group.
Looking at the soaring trading volume and slowly falling stock prices of Swire Pacific, Swire Shipping and Swire Pacific, Xia Yu couldn't help sneer.
The Shi Yahuai family is still struggling to survive, grasping at the small tree on the edge of the cliff in an attempt to climb up.
But no matter if the Shi Yahuai family is grasping at the grass or the tree on the edge of the cliff, this week, he is determined to pull the grass and cut the tree. In any case, he must make sure that the Shi Yahuai family and the Taikoo consortium fall into the abyss completely!
每周推薦票狀態
-- 推薦票
榜單 
-- 推薦票