Through the wealth life

Chapter 772 Adjustment of HSBC

On the morning of October 10, Li Guangyu received a report from Gan Qin in his office, and Shen Bi formally resigned from the position of Chairman of the Board of Directors of HSBC.

Li Guangyu was also amazed that this person known as Xiangjiang God of Wealth ended his career in this way.

In the countless novels of crossing the Xiangjiang River in the previous life, building a good relationship with Shen Bi is a necessary skill for the protagonist, and with the help of HSBC's financial resources, he can develop rapidly.

It's a pity that Li Guangyu is going to touch the cheese of HSBC Bank, which makes the relationship between the two parties, which is not very close, deteriorate rapidly. In the past few years, Li's consortium and HSBC have competed in many fields. The loss was heavy, which was also the reason why Shen Bi resigned this time.

Fortunately, the shareholders of HSBC Bank were able to allow Shen Bi to end his career by resigning in a dignified way, instead of being swept away.

Now taking over HSBC is Stick Sutherland, the helm of the founding family of HSBC. Li Guangyu is not familiar with this figure, and the next actions of HSBC still need to be observed.

Li Guangyu is absolutely unwilling to give up the right to issue banknotes in Hong Kong dollars. The time given to him is running out. He must strive to obtain this right within one year and break the current monopoly of issuing banknotes in Hong Kong dollars by two British banks. the power of the right.

Li Guangyu said: "Gan Qin, you should inform Yuan Tianfan to let Tianyu Financial Group pay attention to HSBC's recent actions, so that we can respond."

Shen Bi's resignation caused quite a stir in all walks of life in Xiangjiang. Over the past decade or so, HSBC has firmly secured its position as the No. [-] Bank of Xiangjiang. Being able to sit on an equal footing with HSBC Bank, cannot suppress HSBC Bank, and HSBC Bank still has the right to issue banknotes in Hong Kong dollars, Tianyu Bank cannot compare in this respect.

In recent years, the citizens of Xiangjiang do not know who the shareholders behind HSBC are, but they all know Shen Bi. In various activities and banquets in Xiangjiang, Shen Bi is the representative of HSBC.

It was such a famous figure in Xiangjiang who actually chose to resign at this time, which made countless people full of doubts, and people from all walks of life were also speculating on the reason for Shen Bi's resignation.

No matter what the outside world thinks, Shen Bi's era at HSBC is over, and now Stick Sutherland will lead HSBC forward.

In the meeting room of HSBC headquarters, Stick Sutherland presided over the first high-level meeting of HSBC, listened to reports from various departments of the bank, and made arrangements for the future development of the bank.

In the past two years, HSBC has been competing with the Li's consortium, but each time HSBC has not taken advantage of it, and there are often large losses. Compared with the development of the bank in the past few years, there is a very big gap. The reason why HSBC shareholders want to take Shen Bi down.

These shareholders let Shen Bi take charge of HSBC to make money, instead of letting Shen Bi lead HSBC to fight against the Li's consortium at any cost. They don't want to see their own interests damaged.

As long as HSBC firmly controls the right to issue banknotes in Hong Kong dollars, and does not go out of their way to compete with the Lee consortium, there will be no major problems in the development of HSBC, even if they lose many Chinese families in Xiangjiang. , they rely on their business in Asia, and they can also support the continuous development of HSBC.

Stick Xiu Dalan said: "Due to the collapse of the property market this time, our bank also has a lot of mortgaged properties. At present, some real estate groups in Xiangjiang have entered the market. Our business department will dispose of these assets as soon as possible to return them to the market. our funds."

For more than a year, HSBC has also had a lot of bad debts. Not only do they have real estate mortgages, but some companies also belong to their banks because the borrowers cannot repay the loans. It is also going through bankruptcy liquidation like some small and medium-sized banks.

The general manager of its business department said: "Should we wait a little longer? The Li's consortium and the Xiangjiang consortium have begun to enter the real estate market on a large scale, which means that the property market is picking up soon. When the property market prices rebound, we are dealing with these properties in our hands. We can also Cut some losses."

As operators of Xiangjiang, how could they not study the development of Li's consortium in depth in the past few years? The timing of Li's consortium is very accurate, and they can always avoid crises and seize opportunities. This time their actions prove that The property market is about to pick up.

Stick Sutherland said: "Follow my arrangement now and dispose of the properties in hand as soon as possible. Let's not place our expectations on this. You also understand the situation in Xiangjiang. Do you think it will recover in a short time?"

He doesn't like to gamble on such opportunities. At present, the Li's consortium and the Xiangjiang consortium are making a lot of acquisitions, and they can just sell them. Once the acquisitions of these groups are completed, HSBC can only throw these properties in their hands.

When the property market goes sideways or continues to fall, they will lose a lot. According to some news he got from England, the property market may not be able to recover in a short time.

Although the general manager of the business department can cite countless examples of the Li family consortium to prove that the real estate market will definitely pick up this time, it is just that at this time Stick Sutherland has made up his mind to dispose of the property in the hands of HSBC Bank. He said at this time These not only do not have any effect, but will cause Sticky Sutherland's displeasure.

He replied: "I will dispose of these properties under our banner as soon as possible."

Seeing that the general manager of the business department obeyed his orders, Stick Xiu Dalan also breathed a sigh of relief. After all, many of these high-level executives were promoted by Shen Bi. Shen Bi suddenly resigned and took over the HSBC Bank himself. It is difficult for him to know whether he has any opinions in his heart.

If these high-level executives are dissatisfied with him, then the problem will be serious. It is impossible for him to replace all the high-level executives at once, and the entire HSBC Bank will be in chaos.

This matter can only be done slowly. He needs to gradually replace some personnel and let those who support him come up. This will be beneficial to his management of HSBC.

They have given too much power to Shen Bi these years. HSBC is basically managed by Shen Bi, so that the influence of their major shareholders in HSBC is far from comparable to that of Shen Bi. In addition, they have been in England for a long time, so they have great influence on HSBC. Some are out of control.

As a result, they only have the right to distribute dividends to HSBC but not much management power. This time, the major shareholders want to take back their power to manage HSBC in order to let Shen Bi resign due to the loss.

They don't want to be just shareholders of HSBC in the end, waiting for annual dividends, without management rights over HSBC.

Stick Sutherland said: "In the future, our HSBC Bank will increase our business expansion in the Commonwealth region, reduce our HSBC's dependence on the Xiangjiang market, and promote the better development of our HSBC Bank."

The senior management of HSBC agrees with this proposal. At present, Tianyu Bank, Hongkong Bank and Standard Chartered Bank are in the Xiangjiang market. They cannot compare with Standard Chartered Bank in terms of business in the Xiangjiang market.

Standard Chartered Bank also has the business support of the British consortium and other non-Chinese companies and families. HSBC originally hoped to win over Chinese capital to suppress Standard Chartered. Unfortunately, with the rise of Tianyu Bank, they swallowed the bitter fruit in this regard.

……

(End of this chapter)