People in Hong Kong create super chaebols

After Niu Bijian demonstrated his firm stance and submitted to the established decision, his smooth takeover of Jardine Matheson and Landmark Groups became unimpeded and smooth.

Faced with this situation, the Keswick family, the former major shareholder of Jardine Matheson Group, seemed powerless and unable to shake the established changes even though they expressed strong opposition.

Although the Keswick family has long held partial control over the Jardine Matheson Group, its shareholding ratio has only remained in the single digit to more than ten figures, which is particularly weak at a critical moment in determining the future direction of the group.

Even though they tried to unite other small shareholders to speak out together, these efforts ultimately failed to produce substantial results due to the lack of sufficient cohesion and influence.

More importantly, the "first rebellion" of Jardine Matheson's boss Niu Bijian undoubtedly added a decisive stroke to this reform process.

His transformation not only weakened the influence of the Keswick family within the group, but also paved the way for the new management to take over smoothly.

This change makes the future development direction of Jardine Matheson Group and Swire Group clearer, and also marks the successful completion of a major power change.

The next morning, the whole city of Hong Kong was filled with an unusual atmosphere, and citizens generally felt that Hong Kong's business landscape had undergone earth-shaking changes.

The two giants, Jardine Matheson Group and Hong Kong Land Development, were successfully acquired by Suzhou Enterprises one after another. This series of mergers and acquisitions was like a huge rock thrown into a calm lake, causing waves.

As the dust settled on this series of transactions, the sphere of influence of the British financial consortium in Hong Kong shrank dramatically, while the Chinese financial consortium took advantage of this opportunity to completely surpass the British financial consortium and became the new dominant force in Hong Kong's business community.

This transformation not only marks the redivision of Hong Kong's economic landscape, but also heralds the beginning of a new landscape of business competition in the future.

Originally, although Hutchison Whampoa, Wharf Holdings and HK Electric Group had fallen into the hands of Chinese tycoons such as Su Cheng and Pao Yugang, British financial consortium still firmly controlled many industry giants such as Swire Group, Jardine Matheson, Hong Kong Land, AW Group and Wheelock, which held a pivotal position in Hong Kong's business community.

Even though Su Cheng is recognized as the world's richest man, his business empire spans the globe and his business scope goes far beyond Hong Kong, but this did not immediately change the leading position of British financial groups in Hong Kong's business community.

From the perspective of the British financial groups, the balance of Hong Kong's business community still leans towards them. Although the Chinese financial groups are strong, they have not yet been able to surpass them comprehensively.

Today, with the successive changes of ownership of Jardine Matheson and Hong Kong Holdings and the Hong Kong Land Development, the influence of British financial groups in Hong Kong's business community has suffered a major blow.

The balance of power between the Chinese and British financial groups has undergone a fundamental change, and the balance has completely tilted towards the Chinese financial groups.

This means that from now on, Hong Kong's business community has officially ushered in a new era - Chinese-funded consortiums have completely surpassed British-funded consortiums and become the new leaders.

This news came like a bolt from the blue, shocking people from all walks of life, and they all lamented the rapid and unpredictable changes in the business world.

Everyone was talking about it, and Suzhou once again became the focus of discussion among the citizens. This incident undoubtedly added infinite glory to the local people of Hong Kong and made people feel proud.

In the early morning hours, major current affairs newspapers were almost sold out as citizens were eager to learn about this historic business change.

In contrast, those entertainment gossip newspapers that were very popular in the past have now suffered a sales Waterloo and no one is interested in them.

At this critical moment, everyone's attention was attracted by Suzhou's feat of acquiring Jardine Matheson and Hutchison Whampoa. Such a business drama was far more shocking than any gossip.

Just as citizens were discussing the matter and immersed in the pride of local enterprises, Jardine Matheson Group and Hongkong Land Group jointly held a press conference at the iconic Jardine Matheson Building.

The news announced at the meeting was concise and far-reaching: Mr. Su Cheng was officially appointed as the Chairman of the Board of Directors of Jardine Matheson Group, that is, the Chairman of Jardine Matheson, and also served as the Chairman of the Hong Kong Land Group.

In this personnel change, the former Chairman of the Board of Directors of Jardine Matheson Group, Mr. Niu Bijian, demonstrated his noble character and took the initiative to give up his position, retiring to the second line as Vice Chairman and Executive Director of the Board of Directors of Jardine Matheson Group, continuing to contribute his strength to the Group.

As for the Hong Kong Land Group, Mr. Bao Fuda's position remains unchanged. He is currently the executive director and general manager of the Hong Kong Land Group.

It is worth mentioning that the position of the head of the Jardine Matheson Group has always been held concurrently by the head of Jardine Matheson Group. Therefore, after Su Cheng took over as the head of Jardine Matheson Group, he naturally took over the important task of the head of the Jardine Matheson Group.

At this point, the four major pillars of the British business community - Hong Kong Electric Group, Hutchison Whampoa Group, Hongkong Land Group and Jardine Matheson Group - have all come under the control of Suzhou City.

The two giants, Wheelock Group and WinFocus Group, have also become the largest shareholders, either openly or secretly, under Suzhou's careful planning.

In the territory of Hutchison Whampoa, Su Cheng also occupies an important position and becomes the second largest shareholder after the Bao family.

As a result, among the British business empires in Hong Kong, except for Jardine Matheson which still maintained a certain degree of independence, the other giants were all subject to the direct or indirect influence of Suzhou to varying degrees.

It can be said that Su Cheng has quietly taken control of half of Hong Kong's business community, and half of the top companies belong directly or indirectly to his business empire.

At this moment, Hong Kong can undoubtedly be dubbed the "Half City of Suzhou", which demonstrates Suzhou's extraordinary achievements and far-reaching influence in the business field.

The major changes in the Jardine Matheson Group and the Hong Kong Land Group were like a business storm sweeping across Hong Kong, and even attracted the close attention of the Governor's Office.

Faced with the weakening of British-owned business power, there was a heated discussion within the Governor-General's Office, considering whether some measures should be taken to maintain the position of British-owned business locally.

However, after careful consideration and comprehensive evaluation, the Governor's Office finally chose to remain silent and adopted a non-intervention attitude on the matter.

There are deep considerations behind this decision: As one of the most important foreign investors in the UK, Su Cheng, whose Su Group and Hutchison Whampoa Group have their European branches headquartered in the UK, has made an indispensable contribution to the British economy.

If adverse actions are taken against Suzhou at this time, it will not only directly anger this business tycoon, but may also cause Britain to lose an important economic partner, causing immeasurable damage to the cooperation and interests of both sides.

Therefore, from the perspective of safeguarding the overall interests of the United Kingdom, the Governor's Office finally decided to remain neutral and let market forces decide the future direction.

Unintentionally, Suzhou's influence has climbed to an unprecedented height. Its influence is so profound that even decision-makers at the national level have to take the relationship with Suzhou and its enterprises into consideration when formulating diplomatic and economic policies.

This fully demonstrates Suzhou's important position in the global business landscape and its positive role in promoting international economic cooperation and exchanges.

After the successful integration of Jardine Matheson and Hong Kong Land Development, on the surface, these two industry giants seem to maintain their original calm, but in fact, undercurrents are surging and they are undergoing profound changes without any notice.

Su Cheng cleverly placed more than a dozen senior executives in these two companies. These executives, like hidden chess pieces, not only infiltrated the management of Jardine Matheson, but also occupied key positions in the Hong Kong Land Group. This layout undoubtedly laid the groundwork for Su Cheng in future strategic adjustments and market competition.

Each of these newly appointed executives holds real power. They are like seeds carefully cultivated by Suzhou City and sown in the fertile soil of Jardine Matheson and Swire Properties.

Over time, they will gradually gain a deeper understanding of and control over the core business and management processes of these two companies.

When the time is right, Su Cheng will not hesitate to promote them to higher-level management positions to further consolidate its influence.

As for Niu Bijian and Bao Fuda, since they always leaned towards the British financial group, it was difficult for them to devote themselves wholeheartedly to Su Cheng's strategic vision. Therefore, Su Cheng could only make the regretful decision to fire them from their current positions.

Although this move seems ruthless, it is a decisive decision necessary for the long-term development of the company.

In addition, Su Cheng also deeply realized that although Niu Bijian and Bao Fuda had remarkable management capabilities, they seemed too radical when formulating corporate strategies.

Take the defeat in the battle for Wharf Holdings as an example. Instead of learning lessons from it, they chose to buy properties and land in large quantities when the market was at its high, and accelerated the pace of acquisitions of other companies.

This aggressive strategy that disregarded market risks eventually brought heavy financial burdens and huge losses to Jardine Matheson and Swire Properties when the market environment deteriorated and the stock market collapsed.

Based on the detailed information provided by Xiao Ai, Su Cheng keenly realized that if the current leadership continued to dominate the two groups, it would inevitably hinder the long-term development of the company.

Therefore, he had already made up his mind that when the time came, he would take decisive action to pave a more stable path for the company's future.

For Niu Bijian and Bao Fuda, they may not yet realize that their time in this position is running out.

Although Su Cheng's rise to power has had a certain impact on them, they may still be optimistic and think that this impact is not enough to shake their position.

However, they were wrong.

Su Cheng has quietly laid out the chess game, and their term of office is about to come to an end.

In another parallel world, the tragic situation of the Hong Kong Land Group being mired in losses occurred between 1982 and 1983, which was a financial crisis caused by over-investment.

However, in this world where Sioux City lives, fortunately, time is still in 1981.

At that time, the Swire Group had not yet made large-scale aggressive investments, so although it also suffered losses, the extent of the losses was far less tragic than in that world.

It was based on this time difference and judgment of the current situation that Su Cheng acted decisively and directly took control of the Jardine Matheson Group and Jardine Matheson.

This decision was undoubtedly accurate and timely. He made full use of the current favorable opportunity and avoided greater risks that might arise in the future.

Now it seems that Su Cheng's choice was undoubtedly the wisest, and the loss from the land he acquired was not serious.

As for the future plans of Jardine Matheson Group and Hong Kong Land Development, Suzhou City did not rush to ask them to move their headquarters to Tseung Kwan O.

He understands very well that now is not the best time and he needs to wait for more mature conditions and opportunities.

At present, although Jardine Matheson Group and Swire Properties Group have been superficially incorporated into Suzhou City, they are actually still in a semi-control state.

Su Cheng knew that the key to truly achieving full control over these two giant companies was to completely eliminate the internal unstable factors, namely, the two executives, Bao Fuda and Niu Bijian, who still had different ambitions.

Therefore, Su Cheng is closely following the development of the situation, gradually consolidating his influence, and at the same time looking for the right time to remove Bao Fuda and Niu Bijian from key positions.

Only then can he truly take over these two companies with profound foundation and strength and lay a solid foundation for future strategic layout.

After the successful integration of Jardine Matheson Group and Swire Properties Group, heated discussions in Hong Kong society on the matter surged like a tide and lasted for more than half a month before gradually subsiding.

However, in the center of this public opinion storm, Su Cheng himself remained unusually low-key and silent.

Many reporters heard the news and were eager to have an exclusive interview with this business tycoon to obtain first-hand information.

They tried various methods and means to get close to Sioux City, but all failed.

Because Su Cheng had already anticipated all of this, the villa he lives in now is in a high-end villa area that is completely controlled by his own forces. It is heavily guarded and difficult for outsiders to enter easily.

Therefore, those enthusiastic reporters could only sigh in despair, unable to get in touch with Su Cheng himself as they wished, let alone conduct in-depth interviews.

And Su Cheng continued his leisurely and comfortable life in this nearly secluded state.

Not only is the villa area where Su Cheng lives heavily guarded, but even the Tseung Kwan O headquarters base is equally impregnable.

Anyone attempting to enter the area without permission will be strictly checked and denied entry.

The security work here is fully responsible by Tianhe Bodyguard Company. With their professional qualities and rigorous attitude, they ensure the safety of the base.

For journalists or visitors who try to approach the base, they cannot cross this security line without permission from their superiors.

The security personnel of Tianhe Bodyguard Company will strictly follow the regulations and will never allow any unauthorized persons to enter.

Therefore, whether for work or residence, the Tseung Kwan O Headquarters Base provides an extremely safe and stable environment for Su Cheng and his team.

This high level of security not only ensures the normal operation of the company, but also allows Sucheng's companies to develop better. (End of this chapter)