Chapter 1239 Running Trend

What Yin Jun said is correct.

In the next few days, Hang Lung Bank and other nine major banks were all in the midst of a crazy run.

Although they have limited the amount of withdrawals per depositor per day and restricted business hours, the number of people queuing up at various bank branches every day has never decreased.

Many depositors who had been waiting in line all day but had not been able to withdraw their money in the end were infected by the anxiety, and many people began to make noises and excesses.

Some people with a bad temper even wanted to attack the counter.

At this time, the police come in handy.

No matter who they are, as long as there are signs of outburst and madness, the police will always rush over immediately, subdue them and take them away.

With such thunderous methods, there was finally no group outbreak.

But the police were highly nervous and exhausted. Hundreds of them had fainted from exhaustion in the past few days.

The most frightening thing is not the run on these nine banks.

The most frightening thing is that in addition to these nine banks, many other banks have also been involved one after another.

"Have you heard? xx Bank actually has big problems!"

"No way?"

"Really, I also heard that xxx bank is the same."

"Then should I withdraw my savings?"

"I think we should take it out and deposit it with HSBC and Standard Chartered! These two banks are the biggest guarantee!"

"What? You haven't withdrawn it yet? I have only recognized these two banks for a long time! In Xiangjiang, they are more reliable!"

"You're right, I'll get the money right away!"

"..."

This kind of conversation started on the first day when the nine major banks were run on. Gradually, as people became more and more anxious, the effect became more and more prominent.

I wonder if the nine major banks saw that they were so miserable, so they deliberately spread rumors and wanted to drag everyone down, so that their lives would be easier and they would not be targeted so much.

But it is undeniable that with these rumors, other banks suddenly had a hard time.

Especially Xiangjiang Commercial Bank, which has enjoyed great success in recent years.

The acquaintance of Chen Youqing and Yin Jun is the best propaganda weapon of Xiangjiang Commercial Bank. With the full support of Qilin Group, Xiangjiang Commercial Bank has developed very rapidly. In the past two years, there is a faint trend of becoming the sixth largest bank in Xiangjiang. Second to HSBC, Standard Chartered, Bank of China, East Asia and Hang Seng.

Xiangjiang's market share is only so large. If you eat more, others will eat less, and naturally some people will be dissatisfied with you.

In the past, when the market was good, everyone could be more tolerant.

But now that Xiangjiang's financial industry is in chaos, don't blame me for taking action against you.

As a result, many rumors about Xiangjiang Commercial Bank were overwhelming.

Legend has it that their investment failed and they lost more than one billion.

Legend has it that they loaned RMB 500 million to Diners Club, but ultimately lost everything.

legend……

After such a series of legends, there were more and more people rushing in front of Xiangjiang Commercial Bank.

At the entrance of their seven or eight branches, the number of people coming to withdraw money every day suddenly increased from a few hundred to two to three thousand, which was very scary.

Regarding this, Chen Youhan and Kang Xinyuan were extremely busy and very nervous.

When it comes to loans and investments, which bank doesn’t do this?

For any bank, the reserves in their vaults are definitely not equal to the deposits they absorb. It must be less than the deposits they absorb, otherwise they would not be able to operate.

The same goes for HSBC. They also make a lot of foreign loans and investments.

Why do you just say that it is not good for us to do this?

Although we also have non-performing assets, our operations have always been normal!

The aggrieved Xiangjiang Commercial Bank, no matter how unwilling it is, still has to deal with people withdrawing money all day long.

In the past two years, every bank has loaned a large amount of funds to real estate, including Xiangjiang Commercial Bank.

Yin Jun borrowed a total of US$3.7 billion, US$3.2 billion from HSBC, and the remaining US$500 million from Xiangjiang Commercial Bank.

At the beginning of this year, Yin Jun repaid the US$500 million from Xiangjiang Commercial Bank with interest. Then Chen Youhan could not resist the harassment of a group of old friends and lent them all the money. As a result, they were trapped in the big market. Yes, I can't pay back the money.

This has caused Xiangjiang Commercial Bank to be relatively short of funds now. It can only maintain normal operations on weekdays. It is also cautious when lending money to companies, and the amount is not large.

According to the current scale of withdrawals, although all banks have certain restrictions, if a run like that of Hang Lung Bank really occurs, the gap of Xiangjiang Commercial Bank should be about 3 billion Hong Kong dollars.

If you want complete security, you need HK$3 billion.

Seeing that in two or three days, all the bank's reserve funds would be exhausted, Chen Youhan was forced to have no choice but to ask Yin Jun for help.

"Ajun, please give me a hand and help me get through this. Uncle Han will be grateful to you!" Chen Youhan said on the phone full of anxiety and pleading.

This is the fifth day since he faced rumors and a run.

After asking friends in the banking and financial business for help and finding a lot of high-dollar loans, Chen Youhan was exhausted both mentally and physically and didn’t know where to get the money.

So he could only call Yin Jun and ask Yin Jun to lend him money.

Everyone knows that Yin Jun has a lot of liquidity in his hands, but except for Le Yiling, who is Yin Jun's closest friend, no third person knows the exact number.

At a time when every penny is precious, Chen Youhan just hopes that for the sake of the good relationship between everyone before, he can be lent an emergency loan of 3.5 billion Hong Kong dollars.

As long as he survives these two months, Pangu Bank in Thailand, which cannot withdraw funds due to some things, will transfer 2 billion Hong Kong dollars to itself to help Xiangjiang Commercial Bank tide over the difficulties.

So no matter what, he had to survive this most painful period, so as not to fall before Li Huang before he could wait for his father's help.

Yin Jun is a good person and conducts himself well. If he gets 30 to 50 million, there will definitely be no problem.

But the problem is that everyone is short of money now, and Yin Jun has so much business in his hands. Chen Youhan really doesn't know if he is willing to lend his precious working capital to himself.

And Yin Jun's answer was simple.

No hesitation, just one word.

"good!"

When Yin Jun hung up the phone, Chen Youhan still hadn't reacted.

Kang Xinyuan's face turned ugly for a while: "What? Didn't agree? Even Ajun can't be trusted?"

Chen Youhan was in a daze and nodded subconsciously.

At this moment, Kang Xinyuan's anger burst out, "Humph, they say that time reveals a person's heart and adversity reveals a person's kindness. How did Yin Jun start his business in the past? Didn't he rely on the 50 million loan you gave him!? After that, At which point did we not help him with his development? Now, we are in trouble. When we asked him for help, he didn’t lend a helping hand at all. What a gentle genius!"

"ah?"

Chen Youhan was awakened by his roar and looked at him in surprise: "What did you say? Why doesn't Jun lend a helping hand?"

Kang Xinyuan was stunned, this is wrong!

His spirits immediately brightened, and he asked with hope and fear of disappointment: "Didn't Arjun reject you?"

"Where is that!" Chen Youhan shook his head and smiled.

"But he didn't say a few words."

"What do you mean, he said one word without saying a few words... OK!" Chen Youhan shrugged.

"oh!?"

After Kang Xinyuan understood, he couldn't help but laugh, "This Ajun is really unusual!"

Kang Xinyuan was a little embarrassed when he thought that he had misunderstood Yin Jun, but he was relieved in his heart.

Yin Jun is now one of the richest people in Hong Kong, with a net worth of at least more than 8 billion Hong Kong dollars. As long as he is willing to help, it will definitely be a timely help.

First of all, in terms of morale, it is enough to boost the bank's military morale.

Everyone knows that Yin Jun is willing to lend money to Xiangjiang Commercial Bank, so the trust in Xiangjiang Commercial Bank will also increase, and maybe those bank runs will not happen again.

After being happy, Kang Xinyuan suddenly had a question in his mind. Only then did he realize why Chen Youhan was still in a daze just now after knowing that Yin Jun was willing to help.

"Ajun promised so readily, but how much is he willing to give us?" Kang Xinyuan said, "Youhan, give him another call and ask him clearly, so that we can make arrangements here!"

"How can I make a phone call? They agreed neatly to help me borrow money, but I am so shameless and ask you how much you can lend me?" Chen Youhan shook his head repeatedly, "I can't ask."

"If it doesn't work, let me ask." Kang Xinyuan thought for a while and then picked up the phone.

Chen Youhan quickly stopped him, "No, no, we'll know how much he lent us tomorrow morning, right? Let's talk about it after today! Don't be impatient!"

Kang Xinyuan looked at his old friend, thought about it, and finally put down the phone.

"Youhan, you should change your character!" Kang Xinyuan sighed: "How do you look like a businessman like this?"

"Who said my personality needs to change?" Chen Youhan laughed, "Look, Ajun is willing to help me today. Isn't it because of my personality that I helped him before?"

Kang Xinyuan burst into laughter.

I thought so too.

My old friend is not very good at doing business, but his conduct as a person is absolutely top-notch.

He had borrowed money from many friends before, and all of them had borrowed more or less. This is a reflection of his personality charm.

If it were another businessman, where would it be possible to borrow money at this time?

Everyone is afraid that you will collapse and your money will be wasted!

At this time, Kang Xinyuan also had another thought in his mind.

How much money will Arjun lend us?

Or ask more directly.

In Ah Jun's mind, how much money is it worth for You Han, a friend and elder benefactor, to help?