Huayu since 1980

Chapter 561 HSBC sits firmly on Diaoyutai

Hong Kong's banking industry can be roughly divided into four types, namely British-funded banks, Chinese-funded banks, foreign-funded banks, and Chinese-funded banks.

Among them, Chinese-funded banks have a history of nearly 80 years in Hong Kong - Bank of China established a branch in Hong Kong in 1917.

In 1950, it was put under the leadership of the new Bank of China General Management Office.

In 1983, Bank of China Group was formally established to lead 14 Chinese-funded banks in Hong Kong and Macau.

The members of Bank of China are: Bank of China Xiangjiang Branch, Bank of China Haojiang Branch, Bank of Communications, Guangdong Provincial Bank, Xinhua Bank, Zhongnan Bank, Jincheng Bank, Guohua Commercial Bank, Zhejiang Industrial Bank, Salt Bank Xiangjiang Branch, Nanyang Commercial Bank , Po Sang Bank, Overseas Chinese Commercial Bank, Chiyu Bank, and Bank of China Group had 1988 branches in 303, accounting for 21.7% of the total number of banks in Hong Kong that year.The storage business accounts for about 20% of the entire market and has become the second largest banking group after HSBC in Hong Kong.

Foreign-funded banks include more than 20 banks in more than [-] countries and regions.

Most of them are in the top 500 of the world's 100 largest banks.

These banks are mainly in the United States, Japan, Europe, and Australia, among which the banks in the United States and Japan are the most powerful.

In 1989, Xiangjiang had 20 American-funded banks and 30 Japanese-funded banks.

Most of these banks came in after Hong Kong opened up to foreign banks in 1978 (the banking crisis in the 60s, foreign banks were once prohibited from opening in Hong Kong).

Although the arrival of Japanese banks in Hong Kong was late, they came fiercely.

American-funded banking groups are in the leading position in Hong Kong's financial industry in terms of financial innovation.

British banks are mainly represented by HSBC (including its group) and Standard Chartered Bank.

British-funded banks occupy a monopoly position in the Hong Kong banking system.

Although major international banks such as the United States, Japan, and Europe have come to Hong Kong one after another, and the number of banks far exceeds that of British banks, the position of British banks in the financial market has not been shaken.

HSBC and Standard Chartered had 1988 and 383 branches in Hong Kong respectively in 118. The two banks together had 501 branches, accounting for 35.86% of the total number of bank branches in Hong Kong, and their deposits accounted for about half of the total deposits in Hong Kong.

British banks play a pivotal role in Hong Kong's comprehensive financial market and have become the center of market activities.

This is due to: First, the seniority, has a history of more than 100 years.

Second, they have special privileges. They have always received special support from the Hong Kong government, and they enjoy the privileges of the central bank such as issuing banknotes, representing government finances, and participating in some of its financial decisions and management.

Three, good management, the two banks continue to innovate and adapt to changes in the new situation.

Fourth, good credit, they always put reputation first in their business activities.

These several factors make them invincible.

On the one hand, they have made a lot of money in Hong Kong, and on the other hand, they have also made certain contributions to Hong Kong's economic development and the stability of the financial market.

Among the four major banking groups, the worst mess is Xiangjiang Huazi Bank.

Chinese-funded banks are also called local banks.

The golden age of Huazi Bank was from 1946 to 1964.

Although the capital of Chinese-funded banks is small, they have a large number of branches and have a considerable influence on the Chinese in Hong Kong, especially the middle and lower classes and small and medium-sized enterprises.

After 1965, Chinese-funded banks suffered heavy blows and declined.

Some of them were either unable to withstand the attack of the banking crisis due to their weak competitiveness, or were unable to operate independently due to poor management and illegal activities. They closed down one after another or were acquired, merged or taken over by the Hong Kong government.

By the end of 1988, there were still 27 Chinese-funded banks registered in Hong Kong. However, 2 of them were fully taken over by the Hong Kong government (Hang Lung Bank and Overseas Trust Bank), and those that were acquired by large foreign banks and other institutions to participate in and hold shares Up to 20 (Guangdong Provincial Bank, Jinghua Bank, Dah Sing Bank, Zhejiang First Bank, Xiangjiang Commercial Bank, Dah Sing Bank, Daoheng Bank, Far East Bank, Hang Seng Bank, Kangnian Bank, Xiangjiang Chinese Bank, Xiangjiang Industrial and Commercial Bank , Ka Wah Bank, Guang On Bank, Liao Chong Hing Bank, Shanghai Commercial Bank, Sun Hung Kai Bank, Wing Hang Bank, Wing On Bank, Union Bank).

Of the 27 banks, only a small number of 5 such as Wing Lung Bank can maintain their wholly-owned independence.By 1989, three barely independent Chinese banks had their licenses revoked by the Hong Kong government.
The Hang Seng Bank mentioned by Ryan Henderson before was controlled by HSBC and became the largest shareholder.

Hang Seng Bank was renamed and reorganized from Hang Seng Bank on January 1960, 1.The following year, the 1-story Hang Seng Building was completed in Central.In addition to the head office, there are also branches in Yau Ma Tei and Mong Kok, Kowloon.

By 1965, Hang Seng had 9 branches.

Before Hang Seng Bank changed its name, it was in line with the modern banking operating mechanism.

Li Guowei's status in Hang Seng has risen rapidly. On January 1960, 1, he was promoted to director; in January 1, he was promoted to deputy general manager.

By the way, Li Guowei is the nephew of Li Xishen, the head of the Li Xishen family, the four major families in Xiangjiang mentioned before.

Later, with the development of Xiangjiang, Hang Seng Bank braved the wind and waves, but with the bank run of Xiangjiang in 1965, Hang Seng also encountered great difficulties. Later, He Shanheng had no choice but to seek help from foreign aid. He Shanheng first asked a wealthy businessman with close relationships Asked the banker for help, but no one offered a helping hand.

In desperation, He Shanheng had no choice but to seek help from HSBC Bank. HSBC Bank promised to help Hang Seng Bank tide over the difficulties with an 'unlimited amount', but it was not without conditions.

When HSBC became a shareholder of Hang Seng Bank, He Shanheng had no choice but to agree to the request of HSBC Bank. Since then, HSBC Bank has become a shareholder of Hang Seng Bank, accounting for 51% of the shares.

A few years later, some people in the banking industry rumored that HSBC Holdings Hang Seng was actually facilitated by Li Guowei. At that time, HSBC actually only wanted to buy 35% of the shares!

Li Guowei naturally denied it flatly, and in the end there were different opinions, and it became a public case!
After Hang Seng changed its flag, with the help of HSBC, it successfully escaped the wave of liquidation, and HSBC also sent 4 directors to participate in the board of directors of Hang Seng. In addition, it did not interfere with Hang Seng's personnel, administration and business management.

Hang Seng Bank is still Hang Seng Bank.

This shows that HSBC is satisfied with Hang Seng's original operating mechanism, and that Hang Seng's catastrophe was not due to any major flaws in its operations, but was caused by a wave of liquidation; it also shows that HSBC is buying in good faith, unlike some Once the acquirer succeeds, he will dismember the prey, at least beyond recognition.

Of course, not everyone thinks so, and some people think that this kind of behavior of HSBC is taking advantage of others, so at that time in the bank union in Xiangjiang, some people accused HSBC!
But this kind of thing has always been said that the public is right and the woman is right. The matter has become an established fact, and there is no point in arguing about it.

After Hang Seng Bank joined the HSBC Group, with a strong backing, its credibility was restored immediately.

In advance of the squeeze, the total deposits of Hang Seng were 7.2 million Hong Kong dollars, and the squeeze caused a large loss of deposits.

After being owned by HSBC, the liquidation stopped abruptly, and depositors turned to saving money. By June of this year, the total amount of deposits had doubled to HK$6 billion!
On May 1972, 5, Hang Seng Bank became a listed company with a total of 29 million shares issued and a paid-in share capital of HK$1000 million.

Among them, 100 million shares with a par value of 10 Hong Kong dollars were publicly offered at a price of 100 Hong Kong dollars.

As a result, the lowest transaction price was HK$135 and the highest transaction price was HK$190 during the year.

By 1973, the stock price soared to 290 Hong Kong dollars, almost 30 times the face value!
HSBC acquired a large number of Hang Seng stocks. By the end of 1978, HSBC's shareholding in Hang Seng had risen from 51% to 61%.HSBC has increased its control over Hang Seng, and at the same time, it also means that Hang Seng's financial backing is stronger and more stable.

At the end of 1978, the number of Hang Seng branches increased to 35, with 3700 employees, total deposits of 128 billion Hong Kong dollars, and an annual profit of 87 million Hong Kong dollars.

Its strength far exceeds that of all Chinese-funded banks.

The combination of HSBC and Hang Seng Bank has also become a rich and colorful history in the financial history of Xiangjiang. , a behemoth like Bank of China.

Now Ryan Henderson tells Bradley that if HSBC can help him return to the position of chairman of Standard Chartered Bank, then he will follow the example of Hang Seng Bank. How could Brevis not be attracted by such a temptation!
In fact, this is also the reason why everyone does not understand why HSBC entered the market at this time. Although Pu Weiss has been paying attention to the movements of Standard Chartered Bank, he knows that if he deals with Wu Jianye from the beginning, he will only be a snipe in the end. Clams compete for the fisherman's profit, only to wait until Ryan Henderson steps down.

Only after losing, Ryan Henderson will know how important the position of the head of Standard Chartered Bank is to him, and only at this time can HSBC come forward to get more benefits from Ryan Henderson.

After Ryan Henderson was ousted, Provis sent someone to actively contact Ryan Henderson. In fact, Ryan Henderson did not want to agree to HSBC's request at the beginning. After all, he is still the second largest shareholder of Standard Chartered Bank. , as long as he has close contact with other shareholders in the future, it is still possible to return to the position of Taipan.

However, after Yan Wen took over the Standard Chartered Bank, he began to actively implement the plan to privatize the Standard Chartered Bank, which made Ryan Henderson understand that if he did not take any action, he would really lose the Standard Chartered Bank, so he finally agreed with Pu Wei Doctor's plan.

This is why the Xiangjiang Newspaper Association attacked Wu Jianye's group.

According to Pu Weishi's understanding of Wu Jianye, the other party will definitely fight back, and the counterattack strategy is probably a series of things such as acquisition, short selling, and blocking.

Prowess has his own countermeasures for these. As long as the funds are in place, acquisitions and short selling will not have much impact on the major newspaper groups, and most importantly, this can also hold Yiwang Group A large sum of money to slow down their process of privatizing Standard Chartered Bank.

Even if the Yiwang Group is really a two-pronged approach, HSBC is not afraid. The Yiwang Group, which is locked up in funds, will definitely have problems with the cash in its hands. At that time, HSBC can completely negotiate with the shareholders of Standard Chartered Bank to acquire their shares. requirements.

Prowess even hopes that Yiwang Group and Yaoguang Group will block several major newspaper groups. At that time, HSBC can contact Xiangjiang Company, which he has made friends with, to supplement the advertising space given up by the two major groups.

At the same time, several major newspaper groups can also report that Yaoguang Group and Yiwang Group have financial problems. At that time, the stock price of Standard Chartered Bank will definitely fall. At that time, HSBC Bank can even create a false impression for the public that the two major groups In order to make up for their own losses, using the deposits of Standard Chartered Bank without authorization may cause a run on Standard Chartered Bank, and it will also be a disaster for Yiwang Group and Yaoguang Group.

If everything is within the plan of Provis, HSBC may even leverage Yiwang Group and Yaoguang Group, then Provis will become a greater existence than Shen Bi!
"Don't worry, Standard Chartered Bank will definitely return to the Henderson family. We at HSBC are very satisfied with the past management of Standard Chartered Bank, so we only invest in Standard Chartered Bank and will never interfere with your management of Standard Chartered Bank!"

Brewers vouches for Ryan Henderson!

Ryan Henderson nodded, and it was because of the lessons learned from Hang Seng Bank that Ryan Henderson agreed to HSBC's request.

"Then what are you going to do with Yiwang Group? The news we have now is that they are not planning to block several major newspapers, but are just buying them!" Ryan Henderson asked.

Pu Weishi sat on his seat, looking very confident, and said with a smile: "Wu Jianye is obviously not a fool to be able to establish Yaoguang Group and Yiwang Group. Although HSBC has not come forward before this, he is sure Being able to think of the backsides of several major newspaper groups will definitely help."

"I think it's because of his concerns that he didn't block the major newspaper groups, but even if he doesn't block them, we have a way. Since he wants to buy them, then we will slowly increase the stock prices of the major newspaper groups. Wen Shui Boil the frog, as long as his funds are tied up in several major newspaper groups, then there will be problems with the cash in his hands. If there is some bad news about Standard Chartered Bank, I would like to see how he Deal with this series of blows!"

Ryan Henderson continued to ask: "Aren't you afraid that Wu Jianye will be a smoke bomb, and actually have no plans to acquire several major newspaper groups?"

Pu Weishi said: "Don't worry, we have received news that Yiwang Group has begun to mobilize huge amounts of funds, and since the news came out, there have been big investors buying the stocks of several major newspaper groups in the market. If we make some moves, we only need to slowly increase the stock prices of several major newspaper groups, and they will gradually enter the trap I set for them."

Ryan Henderson froze slightly. Everyone knew that the Bank of China and Standard Chartered that the Yiwang Group is currently cooperating with are Bank of China and Standard Chartered, and Powells was able to know the news because he was obviously well prepared!
"Since you have made sufficient preparations, then I will wait and see!"

"Haha, don't worry, the day when you will return to the top class of Standard Chartered Bank is not far away!" Pu Weishi laughed.

At the same time, Yu Zhi invested in Wu Jianye's office.

"Brother, we have acquired some of the shares of several major newspaper groups, what should we do next?" Yanwen asked sitting opposite Wu Jianye.

"How's their stock price?" Wu Jianye asked.

"With our admission and HSBC's high-profile announcement, the stock prices of several major newspaper groups have soared to a certain extent!" Yan Wen replied.

"Throw them away when the market opens on Monday!" Wu Jianye said with a smile.

Yan Wen also smiled: "Understood!"

This is a duel between Wu Jianye and HSBC Bank. Both sides are planning their own plans. Whoever wins will be revealed in the next few days!

　Chapter 560 560 and [-] [-] are published, Sao Rui, Sao Rui! ! ! ! !
　　
　
(End of this chapter)