As November approaches, Soros's quantum fund is still hoarding "cannonballs", that is, Hong Kong dollars, for sniping Hong Kong.

Wall Street investment banks are in a position in the global financial industry, so they are more convenient for loans than Xia Tian, ​​the local snake, which makes Xia Tian admire their ability.

The situation in the Middle East is still the same, and it is still in a confrontation. Faced with the stubborn and unscrupulous Iraqi government, which has repeatedly persuaded it to refuse to change, the United Nations also formally passed a resolution requiring it to withdraw from Kvit before January 15, 1991, otherwise it will take force measures.

But despite the tough wording of the United Nations and an ultimatum has been issued, it seems that it has no effect. Iraq still shows no sign of retreating, and people around the world do not have any optimistic ideas about this UN resolution.

Because over the years, the United Nations has basically not done much except issue statements and call for a high school. In the face of the North Korean War, the South Vietnam War, the Afghanistan War, the Iran-Iraq War, etc., it has also made frequent statements, but it has no convincing power at all. Both sides of the war have no birds at all. After a long time and many examples, the people have also seen the essence of the United Nations clearly.

The war situation in the Middle East has little impact on Xia Tian. Although the 10 billion US dollars he invested has been ruined now, that investment is nothing but a piece of cake for him.

For Tianxia Energy, although investment in the Middle East has failed, investment in resources from Canada, Australia, Patsima, Moxico and other countries has made great profits. Especially now that the Middle East is full of clouds, countries are actively preparing for war, so the prices of strategic materials such as oil, steel, copper and aluminum have begun to rise. Therefore, the world's energy has lost its profits, but in fact, it is still profitable.

But for the HSBC, the situation in the Middle East has a great relationship with them.

A 10 billion Hong Kong dollar investment is really extraordinary for them and cannot be taken lightly. Even the two best players, Li Jiacheng and Bao Yugang, have only 30 to 40 billion Hong Kong dollars. Losing 10 billion Hong Kong dollars at once is equivalent to losing one-third of their net worth, which is naturally amazing. As for Jia Daoli, Kessek, Guo Desheng, etc., their strength is not as good as them, so the loss will be even greater for them.

Second, they are not like summer, with so many overseas diversified investments. The owners do not make money, but some are good business opportunities to make money and can make up for the losses. However, it is not so easy for HSBC to find opportunities to make money, so once there is a loss, it is difficult to make up for it in a short period of time.

So based on the above two points, they all hope that Iraq will withdraw its troops as soon as possible so as to take back the oil wells as soon as possible.

However, seeing Iraq confronting the United States and increasing troops to each other on the border, there was no sign of giving in, they were really worried.

...

As November approaches, another major event happens in Hong Kong.

The former senior HSBC Bank president Pu Weishi announced his early retirement due to health reasons, and John Pang, the former general manager of HSBC branch in the UK, replaced him.

As the quasi-central bank in Hong Kong, HSBC has always been highly regarded. Although its image, reputation and strength have been damaged in recent times, it is still the largest savings bank in Hong Kong and still has a great influence on Hong Kong's economy and people's livelihood.

Now, this large consortium closely related to the lives of Hong Kong people is about to change its chairman, which really makes it impossible for Hong Kong people to not pay attention to it.

Especially HSBC's former senior classmate Pu Weishi announced his retirement in less than two years after taking office. It is really unusual. You should know that Chen Bi, the senior classmate, has been in office for nearly nine years.

Pu Weishi almost set the shortest record for the entry of HSBC's senior class. Although he claimed to be due to "physical reasons", many people actually know that Pu Weishi retired early because during his administration, HSBC's business conditions deteriorated seriously.

Not only has the amount of deposits been greatly reduced, but it has dropped from the previous 400 to 500 billion Hong Kong dollars to the current 100 billion Hong Kong dollars, and more than 300 billion yuan of deposits have been lost.

Moreover, the non-performing loan ratio has also increased significantly, from two percent before to 30 percent today, nearly fifteen times.

HSBC, which was in charge of Chen Bi, had a thriving performance, made huge profits, and firmly grasped the economic lifeline of Hong Kong. Now, HSBC not only has a sharp drop in profits, but also has lost control of the economic lifeline of Hong Kong.

It can be said that HSBC and Pu Weishi are completely different from each other when they first took over. On the contrary, Xia Tiantian, with his world consortium and a series of companies, they gradually became the overlord of the Hong Kong economic circle.

...

In addition to changing the senior class, HSBC Bank then collected debts from Li Zhaoji, Zheng Yutong, Guo Desheng and others in advance.

The new official took office three times. John Pang replaced Pu Weishi and became the new senior team of HSBC. He also learned from his predecessor's lessons and strictly controlled HSBC's loan department.

Lee Zhaoji, Zheng Yutong and others have received unsecured loans of over 10 billion Hong Kong dollars. Originally, this was a discount given by Pu Weishi to win over Hong Kong rich people, but due to the failure of investment, it became the tomb to bury him.

John Pang naturally didn't want to repeat the same mistakes, so he started to collect debts as soon as he took office.

The rich people who owe debts are divided into different levels, such as Li Zhaoji and Zheng Yutong's assets are far lower than those of the loan, and even repaying the interest is a problem. John Pang is not going to give them time to develop. He is going to squeeze out the "pus" first, scrape the bones to cure the poison, throw away the burden, and go into battle lightly. Otherwise, these two debts will become malfunctioning maggots and torture him all the time.

For those who are strong and have the capital to repay their debts, Li Jiacheng, Guo Desheng, Bao Yugang and others, his approach is to make them compensate for the mortgage and be prepared for any trouble.

At the same time, he also knew that if HSBC wants to regain Hong Kong's economic lifeline, its own strength alone is far from enough. As the saying goes, one fence has three stakes, one hero has three helpers, and he must also have the support of local tyrants.

In fact, Pu Weishi's previous approach to attracting wealthy people was not wrong, but it was just a bit risky, so he finally "died before he succeeded." John Pang decided to win over these wealthy people and keep a distance from them, which is equivalent to a relationship between partners and friends.

So on the one hand, he asked Li Jiacheng and others to make up for the collateral, and on the other hand, he also tried to relax their loans, financing, etc.

This two-pronged approach makes him believe that he can win over all these rich people in his hands.

However, he also understood whether he could regain HSBC and let HSBC control the lifeline of Hong Kong's economy again and restore its previous glory. It would no longer depend on how much loans he recovered, nor on how many wealthy he has won over, but on whether he could defeat summer.

Otherwise, as long as there is summer in Hong Kong, he will be dreaming in the daytime if he wants to restore HSBC glory.
Chapter completed!