Chapter 561: The Endgame Revealed

Jiuding Insurance Company and Jiuding Securities Company were operating normally, with Wang Qi and Jason Gregg managing them effortlessly. There was no need for Xia Yu to intervene.

Instead, Liu Tianci sought Xia Yu's advice during the meeting.

"Chairman, the timing for acquiring Henglong Bank and Jiahua Bank is now ripe. I believe we can proceed!"

Hearing this, Xia Yu's spirit was lifted. He looked at Liu Tianci with keen interest and asked, "Tell me the specifics."

Even Wang Qi and Jason Gregg looked at Liu Tianci with curiosity. They were unaware that Liu Tianci had been planning to target Henglong Bank and Jiahua Bank and that the timing for finalizing the deal was now mature.

Liu Tianci smiled slightly and reported, "Chairman, I secretly had people buy 300 million Hong Kong dollars' worth of gold futures from Henglong Bank and 200 million Hong Kong dollars' worth from Jiahua Bank. This was because Jiuding Real Estate Group borrowed 500 million Hong Kong dollars from Henglong Bank and another 500 million Hong Kong dollars from Jiahua Bank, causing a strain on the funds of the two banks."

"I've had people keep an eye on Henglong Bank and Jiahua Bank. After receiving our gold futures contracts, both banks used the money meant for buying gold futures for other transactions instead of immediately purchasing gold futures to fulfill the orders."

"When international gold prices kept rising, both banks regretted their actions. However, their funds had already been depleted, so they had to find ways to hide the news and slowly buy gold futures contracts from London."

"They thought they were being discreet, but we were monitoring them. Currently, neither bank knows that it's Jiuding Bank that bought the gold futures."

"According to my estimates, Henglong Bank has spent at most 200 million Hong Kong dollars on gold futures. However, due to the skyrocketing gold prices, the amount of gold futures contracts they have is only worth 130 million Hong Kong dollars."

"There is still an outstanding 170 million Hong Kong dollars' worth of gold futures contracts that haven't been fulfilled. With the current doubling international gold prices, Henglong Bank has already incurred at least 300 million Hong Kong dollars in floating losses."

"Currently, the value of the gold futures we hold that were bought from Henglong Bank has reached 650 million Hong Kong dollars. If we settle now, Henglong Bank would need to provide 650 million in cash. Given their current situation, they can only come up with at most 200 million Hong Kong dollars in cash within a week. If this news leaks, no bank would dare to lend bridge funds to Henglong Bank."

"Unless Henglong Bank recalls the loans from Jiuding Real Estate Group, but the contracts are binding, and the loans have not depreciated. Henglong Bank has no right to force the recall of the loans."

"As for Jiahua Bank, the situation is even more severe. If we settle the gold futures now, Jiahua Bank must provide 430 million Hong Kong dollars in cash. With this business, Jiahua Bank will incur a minimum loss of 200 million Hong Kong dollars. Jiuding Real Estate Group can also refuse any unreasonable repayment demands."

"As long as we expose the losses and the break in the financial chain of the two banks, it will definitely trigger a run. There's no way these two banks can escape!"

By the end of his report, Liu Tianci spoke with great seriousness, clearly confident about trapping the two major banks.

Wang Qi and Jason Gregg exchanged glances and saw the surprise in each other's eyes. They hadn't expected Liu Tianci to use such a devious strategy against Henglong Bank and Jiahua Bank.

However, since Jiuding Bank was one of their own, they were pleased to see their own side taking advantage of the situation.

"Well done!"

Xia Yu applauded, praising Liu Tianci for his effective execution of the plan. Although the plan was his idea, Liu Tianci had executed it perfectly, demonstrating his capabilities.

"Don't wait. Proceed immediately. Let Yan Wenhan assist you and bring both banks into our fold as soon as possible!"

Xia Yu decisively gave the order to Liu Tianci.

Liu Tianci, invigorated, nodded vigorously. "Understood!"

---

After the meeting, Liu Tianci went downstairs to meet Yan Wenhan. After discussing the matter with him, he left Jiuding Building in high spirits.

In the following days, Xia Yu held board meetings for Jiuding Real Estate Group, Jiuding Industrial Group, and Jiuding Retail Group to understand the situation of each group and to arrange and deploy work.

At the same time, Liu Tianci finally took action. He sent people with 10,000 ounces of gold futures contracts, worth 23.55 million Hong Kong dollars, to Henglong Bank and Jiahua Bank to seek settlement.

Henglong Bank Headquarters, 104 Central, Hong Kong, VIP Lounge.

A middle-aged man in a suit sat confidently on the sofa, while Zhao Quanhao, the business manager in charge of futures investment at Henglong Bank, stood by, smiling nervously. His face showed panic and his forehead was covered with beads of sweat, revealing the pressure he was under.

The man in the suit was Lu Yuesong, one of Liu Tianci's secret agents.

"Mr. Lu, congratulations. The value of the gold futures you purchased has doubled. Your foresight is remarkable; you are like a reincarnated god of wealth."

"Mr. Lu, the international gold price is still rising sharply. If you continue to hold the futures contracts, you will make even more money. Have you considered holding on a little longer?"

Business manager Zhao Quanhao tried to persuade Lu Yuesong to reconsider settling the gold futures contract, hoping to dissuade him from proceeding.

The 10,000-ounce gold futures contract is now worth 23.55 million Hong Kong dollars. Zhao Quanhao knew that while Henglong Bank could come up with this amount of cash, it would be a significant strain and disrupt the bank's operations.

Accepting such a large amount of gold futures all at once would put immense pressure and responsibility on Zhao Quanhao as the business manager. The best course of action was to dissuade Lu Yuesong and have him take the contract back.

Even though international gold prices might continue to rise, that was only a possibility, wasn't it?

Zhao Quanhao hoped for a sharp drop in gold prices to offset the floating losses in Henglong Bank's gold futures business.

However, Zhao Quanhao's persuasion was in vain. Lu Yuesong was not the actual buyer and had no authority to make decisions. His task was to ensure the settlement was completed today and to transfer 23.35 million Hong Kong dollars into a designated account.

Thus, Lu Yuesong, with a stern expression and firm attitude, said, "Manager Zhao, I'm sorry, but I'm currently in a tight spot. I need to raise 30 million Hong Kong dollars in cash today. I really have no other options. Please understand my predicament."

Zhao Quanhao, looking troubled, continued to persuade, "Mr. Lu, there's really no need to settle the gold futures…"

Zhao Quanhao's persuasion was interrupted by Lu Yuesong.

Lu Yuesong, with a look of skepticism, stared directly at Zhao Quanhao and questioned, "Manager Zhao, your bank is large and prosperous. It's not about giving you money. Now, you are stalling. Could it be that Henglong Bank's financial chain is in trouble and you can't provide the funds?"