In early December, Hong Kong was calm and nothing happened.

Originally, at the beginning of December, someone analyzed the acquisition of Dao Heng Bank by Jia Ku Bank. It was most likely that Jia Ku Bank wanted to expand its influence in Hong Kong's banking industry. According to Jia Ku's usual style, it would either not

Do it, do it and make it bigger. This is likely to be a hurricane that will sweep across the entire banking industry in Hong Kong.

Immediately afterwards, news came out that Jiaku Bank had issued a purchase price to Hang Lung Bank, a bank with a long history in Hong Kong.

This seems to confirm the thoughts of those people before.

But soon, Zhuang Rongkun, the head of Hang Lung Bank, and Liu Zhiyuan, the head of Jiaku Bank, came out to refute the rumors.

The rumors refuted by both parties were consistent. Kako Bank did make inquiries to Hang Lung Bank, but with Hang Lung Bank's rejection, Kako Bank stopped all possible acquisitions of Hang Lung Bank.

As soon as this news came out, some people who did not mind the excitement felt a little bored, but at the same time, many people working in the banking industry in Hong Kong breathed a sigh of relief.

If Jiaku Bank really enters the acquisition of other banks in Hong Kong with this attitude, it will acquire if the other party agrees, and if the other party does not agree, it will not acquire. This is a very good status quo.

Subsequently, news broke that Jiaku Bank had issued acquisition inquiries to a number of local banks in Hong Kong, and the results confirmed these people's thoughts.

If you agree, Jiaku Bank will actively negotiate with the other party; if you don't agree, Jiaku Bank will turn around and leave without any delay!

"Most of the bank bosses rejected our acquisition application, and a small number of bank bosses wanted to invite us, Koko Bank, to become a shareholder in their bank. In the end, only one Conian Bank agreed to our acquisition application. Now the company is in the process of

Negotiate with the other party!"

Liu Zhiyuan found Chu Huan on this day and told Chu Huan what he had done during this period.

Conian Bank can only be considered a small bank in Hong Kong. Its founder, Li Xingqu, founded Conian Bank in 1921.

However, these small local banks in Hong Kong were basically acquired by foreign investors during the bank run wave caused by Hang Lung Bank.

Conifer Bank is no exception.

The golden age of Hong Kong's local banking industry was from 1946 to 1964. At that time, although the capital of the Chinese banks in Hong Kong was small, they had a large number of branches and branches. They had considerable influence among the Chinese in Hong Kong, especially among the middle and lower classes and small and medium-sized enterprises.

.

However, after 1965, Chinese-owned banks suffered heavy blows and declined.

Some of these banks were either unable to withstand the banking crisis due to lack of competitiveness, or were unable to operate independently due to poor management and illegal activities. They went bankrupt 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-owned banks registered locally. However, two of them were fully taken over by the Hong Kong government, namely Hang Lung Bank and Overseas Trust Bank. They were acquired by major foreign banks and other institutions, and the controlling one was actually

Up to 20 banks, including Guangdong Bank, King Wah Bank, Dah Sing Bank, First Bank of Zhejiang Province, Hong Kong Commercial Bank, Dah Sing Bank, Dao Heng Bank, Far East Bank, Hang Seng Bank, Conian Bank, Hong Kong Chinese Bank, Hong Kong Industrial and Commercial Bank of China

, K. Wah Bank, Kwong On Bank, Liu Chong Hing Bank, Shenghai Commercial Bank, Sun Hung Kai Bank, Wing Hang Bank, Wing On Bank, Union Bank.

Only a few of the 27 banks, including Wing Lung Bank, can remain fully independent.

By 1989, three barely independent Chinese banks had their licenses revoked by the Hong Kong government.

It can be said that the local Chinese-owned banks in Hong Kong were able to become a powerful force in the banking industry in Hong Kong at the beginning. In the end, due to their poor individual capital capabilities, they completely lost their status in the Hong Kong Bank group system.

After entering the 1980s, the Hong Kong banking industry, which lost the Hong Kong local banking group, was left with five major banking groups: HSBC Group, Chinese Bank Group, American Bank Group, Japanese Bank Group, and European Bank Group.

At that time, the HSBC Bank Group had four components, namely Heungkong HSBC, Heungkong Hang Seng,

HSBC Financial, and HSBC Investment Bank Asia Holdings, which was renamed by Duoli, are all licensed banks.

In 1981, the number of HSBC branches in Hong Kong was as high as 250, and the number of Hang Seng Bank branches in Hong Kong was 45, accounting for 378% of the number of branches of the Bank of Hong Kong!

At the same time, HSBC Group also has the largest number of deposits among banks in Hong Kong, accounting for more than 50% of the total deposits in Hong Kong!

However, the largest banking group in Hong Kong is not HSBC, but a Japanese banking group!

When Japanese banking groups first entered Hong Kong, there were only three banks: Bank of Tokyo, Sanwa Bank, and Sumitomo Bank, all of which entered Hong Kong before 1965.

When they first entered Hong Kong, the business focus of Japanese banks was not on deposits. The main businesses of Japanese banks in Hong Kong were loans and fund raising, the most important of which was syndicated loan business.

After entering the 1980s, Japanese banks began to shift their business focus to securities underwriting, financial management and dialogue business.

According to statistics, during the same period, the amount of loans issued by Japanese banks in Xiangjiang far exceeded the amount of their deposits. The loan amount may have exceeded half of the total loan amount in Xiangjiang!

This is also the reason why the Japanese banking group can become the first banking group in Hong Kong!

However, Japanese banks in Hong Kong adhere to the principle of making a fortune silently, so news about them rarely appears.

Chinese-funded banks are still very low-key in Hong Kong. Their transformation had to wait until the 1980s. With the changes in their hometown, Chinese-funded banks also began their transformation in Hong Kong. In the 1980s, China-funded banks began to make efforts.

Capital Bank has gradually grown into an important member of the Hong Kong Bank Group!

This chapter is not finished yet, please click the next page to continue reading the exciting content! The situation of American-funded banks and European-funded banks is similar. Although they have their own business in Hong Kong, their proportion is not very high. Among them, American-funded banks

The group is stronger than the European bank group!

The main reason why Conian Bank was taken over by foreign capital was because they had a bad debt of 1.6 billion Hong Kong dollars in 1981.

This also shows the ability of local banks in Hong Kong to withstand pressure. The bad loans of HK$1.6 billion have already dealt a devastating blow to them.

It was only the end of 1979, so the loan probably hadn't been released yet. As for why the other party decided to sell Conian Bank, Chu Huan didn't really care.

"When making an acquisition, you must pay attention to their assets. This is the top priority!"

Chu Huan preached to Liu Zhiyuan.

Liu Zhiyuan nodded and said, "I understand, Chairman, please rest assured!"

Chu Huan nodded, "Besides, the banks that Anxi requested to invest in should reject them!"

Now that he has decided to take a laissez-faire attitude towards the expansion of the banking industry at this time, Chu Huan will not use his own funds to guarantee them!

In early December, the biggest news in the Xiangjiang business community was probably the acquisition of Dao Heng Bank and Connian Bank by Kako Bank.

Although these two banks cannot be called large banks in Hong Kong, as Kako Bank completed the merger of Bank of East Asia and Far East Bank, and then successively acquired Wing On Bank, Dao Heng Bank, and Conian Bank.

Jia Ku Bank has officially become a first-class banking group in Hong Kong.

Although it still cannot catch up with banks like HSBC and Standard Chartered, it is almost as famous as Hang Seng Bank!

If Alde Commercial Bank is added to the mix, the Jiaku banking group has officially become a large banking group in Hong Kong!

"The Birth of a Banking Giant!"--"True Report"

As the official newspaper of the Kaku Clan, "Jinbao" also published a report after Kaku Bank completed its acquisition of Daoheng Bank and Conian Bank.

As soon as this report came out, it immediately caused a huge sensation in Hong Kong. More importantly, it made many people think that Jiaku would be a monopoly similar to the imitation, toys, comics, and department store industries and chose to give up.

But that will all happen after the year.

As we entered mid-December, although the business community in Xiangjiang did not

Something big happened, but a big thing happened in South Korea that was reported by major media and newspapers.

Chun Doo-hwan, the commander-in-chief of the South Korean Security Command, launched the Double Twelve Coup that affected South Korea's history and seized power in South Korea in one fell swoop.

Although Chun Doo-hwan has not officially assumed the post of president of South Korea, no one will doubt that Chun Doo-hwan will become the largest ruler of South Korea!

Although this news was big enough and sensational enough, Xiangjiang didn't actually take it too seriously.

But a person in Xiangjiang was already happy at this time!

And this person is Quan Zaiguo who took refuge in Xiangjiang.

Previously, in order to avoid risks, Quan Dou-hwan arranged for Quan Jae-guo to go to Xiangjiang. Now that Quan Dou-hwan has completed the transfer of power in South Korea, there are only a few days until Quan Jae-guo returns to South Korea!

"Master Quan, congratulations, you will be the number one son of South Korea from now on!"

Chu Huan also specially came to the Deep Water Bay Villa where Quan Douhuan lived on this day. During this period, Quan Douhuan's life in Xiangjiang was indeed a little happy.

Surrounded by different beauties every day, the delicacies are even more disgusting to eat.

"Master Quan, although beauties are nice, you should also pay attention to your health!"

Seeing Quan Douhuan's pale face with an unhealthy smile, Chu Huan suspected that if the No. 8 typhoon signal came to Xiangjiang at this time, Quan Douhuan would be blown away by the wind while walking on the street!

"Haha!" Quan Douhuan laughed and said, "Dr. Chu, I would like to thank you for your hospitality in Xiangjiang during this period. Don't worry, I will tell my father your suggestions when I return to South Korea. Then we will

Let’s all make money together!”

Chu Huan smiled and said, "If that's the case, that would be great. After all, there is nothing in this world that money can't buy. All that matters is whether the price you offer can impress the other person!"

"That's right!" Quan Zaiguo immediately laughed and said.

Naturally, Chu Huan would not say anything more to this dandy who only had beautiful women in his heart. As long as Quan Zaiguo could successfully bring the things he mentioned before to his father, there was nothing else to say.

After chatting with Quan Zaiguo for a few words, Chu Huan stood up and left.

Although Wu Shuhan is in her hometown now, when Chu Huan goes to London, Wu Shuhan will also be in her hometown at that time, but this does not prevent her from coming back at this time.

The important reason why Wu Shuhan came back was actually because of what Chu Huan told Cao Yunshang before, about donating the school in his hometown.

"What's the situation back home now? Do you accept the suggestions we made?"

After Wu Shuhan returned to Xiangjiang, he went directly to No. 12 Mount Calais Road, and Chu Huan and Cao Yunshang also chatted with Wu Shuhan about the matter in the study.

After chatting with Cao Yunshang, Chu Huan told Wu Shuhan about the incident and asked Wu Shuhan to inquire about the process of donating the school in his hometown.

According to records, Shao Yifu started donating money to run a school in his hometown in 1985, but it is still 1979. Chu Huan is not sure whether his hometown can accept this.

Cao Yunshang said, "I have consulted with the relevant departments in my hometown. In fact, they still have many concerns about this donation. The most important concern is ideological issues. Using capitalists' money to build schools. In such a situation,

There is a lack of such experience back home.”

After hearing this, Chu Huan nodded and asked, "So this matter is still under continued negotiation?"
To be continued...