Rebirth of the Tech Madman

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Hong Kong Governor Youde really wants to play the role of peacemaker, reconciling the conflicts between Qin Ho Group, HSBC and Swire Group.

The contradictions of the top consortium of Hong Kong were on the surface, which put him under a lot of pressure, and he deeply realized why the former Hong Kong Governor MacLehose, when he retired, suffered a stroke and was admitted to the hospital because of the battle between Qinhe and Jardine Capital.

Originally, Qinhe, which took over a series of assets of Jardine Matheson, had some cooperation with Swire, such as the Heung Kong Airport Service Co., Ltd. jointly established by the two parties.

In terms of this origin, Qinhe Strategy’s idea of ​​participating in Cathay Pacific’s listing seemed natural, but under the instigation of HSBC, it was rejected by Swire and turned into an after-dinner talk and a laughing stock in the industry.

This time, the diligent and irritating things were made, like a proud prince who couldn't confess to the beautiful girl. Its relationship with Taikoo instantly turned into hatred because of love, and it fought.

One of the landmark events was that Swire had originally planned to photograph the land of Admiralty, which was built into Pacific Place, but was robbed by Qin He abruptly, and his face was swollen with just one mouth.

As the world energy crisis broke out in the 1970s, the Hong Kong shipbuilding industry gradually declined, Taikoo Dockyard and Huangpu Dockyard merged into the Hong Kong Combined Dockyard in West Tsing Yi, New Territories.

The Swire Group established Swire Properties Limited in 1972 to develop the original site of its own Taikoo Dockyard, which has become today's high-end residential area-Taikoo Shing.

From this project, Swire Group tasted great sweetness, so it had high hopes for Pacific Place’s plan, and was stunned by a stick.

However, this is not over yet. Immediately afterwards, the Swire Group lost the Coca-Cola franchise, which had been operating for many years, and the other face was swollen.

This thing is just like competitive land, the higher the price gets, and the loser has nothing to complain about. But people with a heart understand that it is not that simple, and no one can guess what kind of revenge tricks will be used unpredictably with the hard work of a grudge.

Taikoo, who has been focusing on industry for more than 100 years, finally couldn't sit still.

Of course, it can return colors to Qinhe and find the place back. But after that, will the two sides stab each other like this?

Taikoo didn't have the confidence to be diligent and exhausted. The other party's wealthy and old-fashioned methods in the process of wiping out the Yihe food were too daunting.

Moreover, Taikoo, who is looking back, doesn't want to be held by HSBC as a gunman inexplicably—Nima, you two are fighting, what are you doing?

Why did Cathay Pacific, which had already made a lot of money, choose to be listed in Hong Kong? Not because it must take root in Xiangjiang and represent Xiangjiang in order to continue to maintain its vested interests!

Under this premise, Swire cannot just walk away like some companies do. It must find another set of survival plans, such as cooperation with CITIC, which is currently in the negotiation stage.

Therefore, Tai Koo, who was caught by Qin He's hair and slapped twice, didn't care about wiping the blood on the corners of his mouth, and quickly looked for a peacemaker. The first candidate to bear the brunt was Hong Kong Governor Youde.

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Because of the differences in opinions, Swire and HSBC came earlier. HSBC Chairman Shen Bi invited Swire Group Chairman John Shi and former Hong Kong Financial Secretary Peng Lizhi to the VIP room, trying to persuade Swire Group not to be so humbling and imposing—what's the good of both of us as long as we work together Scared, hard work and this unpredictable guy!

"You keep saying that Tang Huan is not only greedy, but also chauvinistic. After Qinhe annexed Jardine and Land, the next target is HSBC, and even Taikoo is hard to escape. But until now I have not confirmed. The actual situation. Yes, Qinhe’s actions in Hong Kong have always been steady, but he has been very active in expanding abroad. Everyone can be said to be well-watered and innocent, and they are in peace; but after the unnecessary ups and downs of Cathay Pacific’s listing, they immediately met each other.” John Shi He complained: "The humiliated Qinhe is now well-known as a teacher. This kind of fighting method is similar to the battle between Qinhe and Yihe a few years ago."

"So what." Shen Bi was very disapproving, "Jihe's business is too aggressive, leading to high debts, especially the Keswick family holds only 10% of the shares, which makes himself a scumbag in Tang Huan's mouth; but Taikoo is different, everything is stable, outstanding performance, and your Shi Huaiya family holds more than half of the shares, there will never be a situation where power will fall behind."

"But in this struggle, what can Taikoo get? You also said that our Shi Huaiya family holds more than half of the shares. Even if Tang radiates the heart of annexation, it will be difficult to get it in a short time. The first problem that Taikoo needs to solve is that Come up with a solution as soon as possible to deal with the arrival of 1997. It is now 1986, and the remaining eleven years are just enough for the adjustment of the enterprise. We can't go back and forth in the 1990s. ."

Speaking of this, John Shi smiled mockingly, “Don’t forget, I am also a director of HSBC. What the'new accounting arrangements' are under secret discussion can be inferred. HSBC is willing to The determination to give up such a significant vested interest can be seen how strong the determination to take the road of internationalization is. HSBC is gone, what will happen to Swire, who is attracted to hatred? Perhaps, what you said, Tang Huan has a covetous heart for HSBC. , It is true. But I suspect that you repeatedly lobbied Swire and Qinhe to go to war to distract your opponents so that HSBC can arrange its arrangements in an orderly manner."

Hearing John Shi almost pointed his nose and said clearly, "HSBC pushed Taikoo to the front as cannon fodder." Shen Bi's face was dark at that time, but he couldn't explain it for a while. The "new accounting arrangement" mentioned by Geyin did indeed exist. The matter, and this in turn involves a source of interest that HSBC is currently unable to give up.

For a long time, HSBC has always belonged to the special existence of Hong Kong. Its specific meaning refers to that as a private commercial bank, it has served as a central bank with multiple functions and played an important role as a “quasi-central bank” in Hong Kong. And it is mainly manifested in five aspects.

First, HSBC is the main note-issuing bank of Hong Kong.

There is no central bank in Hong Kong. Traditionally, banknotes as one of the functions of the central bank were authorized by the Hong Kong government to be responsible for commercial banks.

In 1865, HSBC, which was founded recently, began to issue banknotes, a little later than the three banks, namely, the East Bank, Li Yi and Standard Chartered.

Later, the bankruptcy of CAB Bank was beneficial to the bank's acquisition by HSBC in 1959 and the cancellation of the right to issue banknotes by the Hong Kong government in 1978.

In this regard, the two banks HSBC and Standard Chartered have been responsible for the issuance of Hong Kong's banknotes. Among them, HSBC's banknote issuance has always accounted for more than 80%, becoming the main banknote issuing bank.

As for the original time and space, the Bank of China also became a note-issuing bank. That was in the 1990s.

The note-issuing bank is not just a gimmick that sounds tall, it has real benefits.

Because the cost of issuing notes is borne by the Exchange Fund, note-issuing banks enjoy "free advertising", which has a positive and significant impact on the value of their goodwill.

The position of the note-issuing bank has also given HSBC an advantage in business competition, especially in absorbing deposits.

What's more, the image of HSBC has become a symbol of Hong Kong dollar credit.

This shows how valuable the name of this note-issuing bank is.

Second, HSBC is the main correspondent bank of the Hong Kong government.

At the beginning of its establishment, HSBC established a close cooperative relationship with the Hong Kong government.

For a long time, the Hong Kong Government’s foreign exchange, fiscal reserves, and government cash receipts and expenditures have been mainly managed by the Exchange Fund and the Treasury Department, and then these two institutions will communicate with the relevant banks.

It is roughly estimated that HSBC accounts for more than half of the funds deposited by the Hong Kong government in various banks.

This is equivalent to HSBC adding a super local customer out of thin air, enjoying a solid deposit base.

Third, HSBC is entrusted by the Hong Kong government to act as the "lender of last resort".

This so-called "lender of last resort" is one of the important functions of the Central Bank.

It has two meanings: first, the "lender of last resort" has the responsibility to provide liquidity assistance to banks plagued by unfavorable rumors, or when necessary, to rescue the bank in question by injecting capital; second, the "lender of last resort" Inject funds into the tight-funded banking system and provide overnight credit to banks that lack positions after the interbank market closes that day.

In the Hong Kong financial system, the "lender of last resort" function is shared by the Hong Kong Government’s Exchange Fund and HSBC and Standard Chartered, two note-issuing banks.

During the financial crises of the 1960s and 1980s, the Hong Kong government negotiated with HSBC and Standard Chartered, and entrusted these two note-issuing banks to rescue or manage financial institutions in financial crisis on their behalf.

In the beginning, the Hang Seng Bank, which was slandered by rumors and fell into a run crisis, was picked up by HSBC and took the controlling stake.

Fourth, for a long time, HSBC has always played the role of the Hong Kong government's chief banker and financial adviser, and has acted as the Hong Kong government's agent to implement monetary policy.

In this context, the chairman of HSBC’s board of directors has always been an ex officio member of the Hong Kong Executive Bureau. At the same time, HSBC is also one of the members of the Hong Kong Government’s Exchange Fund Advisory Committee. In addition, HSBC is one of the three permanent members of the Hong Kong Banking Association.

The Hong Kong Banking Association is a statutory body in the HeungKong banking industry. It was formerly known as the HeungKong Foreign Exchange Bank Association. It was established in 1981 under the HeungKong Bank Association Ordinance, Chapter 364 of the Laws of HeungKong, to exchange opinions with the Hong Kong government on behalf of the HeungKong banking industry.

In order for a bank to operate banking business in Hong Kong, in addition to applying for a banking license from the Hong Kong Monetary Authority, it must also become a member of the Hong Kong Banking Association.

Among these members, HSBC, Standard Chartered, and Bank of China are permanent members of the Hong Kong Banking Association, but only HSBC and Standard Chartered take turns serving as the chairman and vice chairman of the association. In the original time and space, the Bank of China also had to wait until the 1990s to be eligible for "rotation".

Fifth, HSBC is the managing bank of the Hong Kong Bank Association's clearing house.

In 1981, HSBC reached an agreement with the Hong Kong Banking Association to serve as the managing bank of the clearing house to provide central settlement services to the Hong Kong Banking System.

According to the Regulations of the Hong Kong Banking Association Clearing House, all member banks of the Hong Kong Banking Association must conduct bill exchange, settlement and transfer at the Central Clearing House of the Hong Kong Banking Association.

In this system, the management bank of the clearing house is in the most important position; under it is the clearing bank, including HSBC, Standard Chartered, Bank of China, East Asia, Guangzhou East, Huabei, Wanguobaotong, Overseas Chinese, and Shanghai. 10 licensed banks such as Haishang and Yongan; the rest are secondary settlement banks.

The sub-settlement bank must open an account with the settlement bank, and the settlement bank must open an account with HSBC as the management bank.

During the bill settlement process, if other settlement banks have balances in HSBC's account, HSBC does not need to pay interest; if there is an overdraft, the settlement bank must pay interest to HSBC.

It is precisely because of this regulation that other settlement banks must always maintain sufficient funds in HSBC's account to meet settlement purposes, so that HSBC can often have a huge amount of interest-free money.

In addition, as the management bank of the Central Clearing House, HSBC can understand the cash flow of the entire banking system, grasp the pulse of the Hong Kong banking industry, and reach the point where there is no sand in the eyes of the intelligence.

These are the main special treatments that HSBC enjoyed during the colonial era in Xiangjiang, and they are also the source of its strength. The "new accounting arrangement" that is still being discussed in secret is related to the fifth point.

The general content is: HSBC opens a Hong Kong dollar account with the Hong Kong Government Exchange Fund and maintains a balance in this account. The amount must not be less than the total net amount of all other bank settlement accounts in the banking system; the loan balance in the account does not count interest~www .readwn.com ~ If the balance falls below the net settlement amount, HSBC shall pay interest to the Exchange Fund on this difference; the Exchange Fund may use this account at its discretion to settle its Hong Kong dollar transactions with HSBC and other licensed banks.

If this plan is implemented, then HSBC can be regarded as a knife from the palace, because it will give up the control and control of the balance of the Hong Kong Banking system, and transfer the monopoly profits obtained through the management of settlement in the past from HSBC to the Hong Kong government. Exchange Fund.

It is conceivable that HSBC would certainly be reluctant to bear this huge benefit, but it cannot be tied by this chain if it wants to return to the UK and enter the world. The result of the discussion is not available because of this dilemma. △≧miào△≧bi△≧gé△≧

I have to say that this is a manifestation of the unscrupulous businessmen.

Every citizen is working for the country, and the country must fulfill its obligations accordingly.

With its special status, HSBC has been sucking blood in Xiangjiang for so many years, so it is supposed to be a Xiangjiang person for life, and a ghost for Xiangjiang to die.

But now it is wondering how to run away unconsciously, naturally attracting injustices. But Shen Bi, who faintly felt that Tang Huan was going to ruin HSBC's good deeds, tried every means to take the lead.

However, the chairman of HSBC's board of directors can't come up with real evidence, and occasionally asks a silly boy to pay. The more the frequency, no one wants to be cannon fodder by himself-if you have the ability, you can do it yourself! John Shi is holding this idea.

Seeing that Shen Bi was speechless, John Shi said leisurely: "In order to get rid of the entanglement as soon as possible, I am going to retire and let my younger brother Shi Yadi take over. It is a conclusion."

Seeing that the other party was so useless, Shen Bi shuddered with anger, and for a long time he sneered: "If Liangzi is knotted, it will be knotted. Do you think that by doing this, you will be able to relieve your previous complaints?"