On the first day, Fuxing Bank added more than 7,000 new users and saved 210 million. This result is undoubtedly excellent.
Fuxing's interest rate is in line with HSBC's, and it does not attract savings through high-interest discounts. If the interest rate is slightly increased, there will only be more users saving.
Zheng Yaoyang also became the second Chinese to challenge HSBC since the opening of Hong Kong.
It seemed that it was destined, because the last challenger was Zheng Yaoyang's grandfather Bao Yugang.
It's just that Bao Yugang didn't win last time, nor did he lose. He seemed to have chosen to compromise.
From 1980 to 1986, Bao Yugang launched a total of three battles, namely the acquisition battles of Wharf, Wheelock, and Standard Chartered Bank.
In three classic battles that could be recorded in textbooks, Bao Yugang was almost a miracle, achieving two wins and one draw, and also created the legend of the shipping king abandoning his ship and landing.
Both Wharf and Wheelock were victorious and successfully controlled the bank, but the Standard Chartered Bank battle was considered by the public to be a symbol of compromise.
Zheng Yaoyang wanted to challenge HSBC's authority, so he found his grandfather and asked what the truth was at that time.
Grandpa recalled the past, and now he can face it calmly: "It's not wrong to call it a compromise."
Starting a bank was a good business, he had already realized it when he was the vice president of Shanghai Bank.
"Fifty years ago, your grandfather was still working as the vice president of a bank in Shanghai. It was only when the war broke out that the family followed your grandfather to Xiangjiang." Grandpa explained.
There are rumors that there are three classic battles, but to be more precise, they can only be regarded as two.
In the early 1980s, he teamed up with Li Jiacheng to defeat the veteran British-owned Jardine Matheson.
Later Wheelock and Standard Chartered can only be regarded as one, because they both have the presence of HSBC Bank.
Bao Yugang came to the backyard and talked about the beginning: "You were still young at that time, and you were not in Hong Kong. You didn't know the status of British capital in the hearts of Hong Kong people. It was like an unreachable mountain in front of you, and a nightmare that lingers in front of you."
The shipping industry seems to have a cycle limit. It basically comes around every ten years and enters the cold winter due to various reasons.
In the late 1970s, when the severe shipping winter began to show, he could only abandon the ship and land with a desperate mentality.
You are even mentally prepared to flee to the treasure island or move your family to Singapore if you fail.
However, Bao Yugang did not expect that when they defeated Union Bank head-on and waited for the British Hong Kong government to intervene, the British Hong Kong chose to remain silent.
This also made Bao Yugang realize that the British Empire, which was said to never set on the sun, had eventually turned into a paper tiger.
At that time, he was so swollen that he was basically similar to Zheng Yaoyang now.
Bao Yugang knew that land was not enough, and he needed a suitable real estate group, so he immediately moved to Wheelock.
It was during that time that he met the previous chairman of HSBC at a cocktail party. He became a director of HSBC and became interested in the banking industry.
HSBC is half a central bank and a direct descendant of Hong Kong and Britain, so it is basically impossible to break it from within.
Bao Yugang took aim at the weaker Standard Chartered Bank and planned to challenge HSBC's authority in Hong Kong by controlling Standard Chartered Bank.
The initial plan went smoothly. Bao Yugang gradually held Standard Chartered shares, reaching 14.5%. He only needed one more step to enter the board of directors and seize power.
Realizing that something was wrong, HSBC quickly asked the British in Hong Kong to suppress Bao Yugang, restricting him from purchasing shares in Standard Chartered Bank, and planned to encircle and suppress the properties under his name.
It happened to be at that time that Bao Yugang was diagnosed with cancer and knew that his time was running out and there was no need to take risks anymore. If he failed, he would only leave hidden dangers to future generations.
After calculating the gains and losses and conducting friendly negotiations, Bao Yugang finally chose to compromise and merely became the largest individual shareholder of Standard Chartered, with no further plans.
"HSBC is Dai Ying's last card in Hong Kong. If you really have an idea, I suggest you decide later."
As Bao Yugang spoke, he picked up the scissors and trimmed the branches of the green plants in the yard. He did not persuade Zheng Yaoyang to give up like Su Haiwen did.
Today is different from the past. Judging from the international situation in recent years, Daiying has declined visibly to the naked eye and has long since lost the glory of the empire on which the sun never set.
Zheng Yaoyang is not the same person he was before, and HSBC is not the same person he was before, so there is a possibility of success.
At the same time, he also hopes that Zheng Yaoyang can accomplish what he failed to accomplish at the beginning.
Zheng Yaoyang didn't know that there was such a story. After pondering for a long time, he decided to change from touching the buttocks to test the situation, to spanking, or even stealing from the house.
Changes in plans require long-term planning to avoid missing opportunities due to insufficient preparation.
He picked up the showerhead on the side and watered the flowers and plants in the courtyard: "Grandpa, will you return to the mainland this year?"
The Spring Festival is still more than half a month away. According to previous years, my grandpa would go to the mainland to visit his parents and fellow villagers.
"They say 73 is a hurdle. Once you can get over it, you won't go back and cause trouble to others."
Bao Yugang never believed in ghosts and gods in his life, but he still couldn't help but place his hope on ghosts and gods.
He is very aware of his condition. If he has asthma or a heart attack, he can be taken to see the King of Hell at any time.
If you die of illness in the Mainland, your neighbors will only be hurt.
He lived an upright life, was worthy of his family and his country, and did not want to bear the infamy after his death.
Zheng Yaoyang looked depressed,
July 3, August 4, the King of Hell did not invite me to go,
It is true that grandpa did not survive this autumn.
"Okay, don't look that bad. Go get busy. It won't be too late to mourn after I'm gone."
Bao Yugang showed displeasure and waved his hands to drive him away. He didn't like his family members showing their expressions of mourning, as it was like he was constantly reminded that his time was running out.
"Grandpa, I'll come see you in a few days."
Zheng Yaoyang couldn't laugh or cry, so he had no choice but to leave.
Fuxing Bank has just been opened, and Liang Xiaonian from the Shanghai Communications Bureau also received news that Rogers' account also needs to be settled.
During this time a year ago, he would indeed be quite busy.
After leaving the Mid-Levels Villa, Zheng Yaoyang went to the headquarters of Fuxing Bank in East Tsim Sha Tsui. He informed Wade that the deposit interest rate would be adjusted early next year and corporate financing channels would be opened up.
And from now on, take out one billion US dollars, gradually enter the Hang Seng Index, and start building positions at low levels.
At the beginning of next year, we will officially declare war with HSBC. If grandpa failed to do it, he will do it.
Wade was very excited when he heard that he thought he would be retiring in Xiangjiang, but he didn't expect to be able to participate in this matter as the number one assistant.
If it succeeds, it will definitely leave a mark in history.
The next day, after explaining the affairs in Xiangjiang, Zheng Yaoyang went to the Magic City without stopping to discuss cooperation matters.
Just being Pengcheng is not enough for leaders of other key cities to rest assured. After all, it is the only special economic zone in the country with different policies and has no reference value.
However, if another magical city is added, the situation will be completely different. With the magical city as the center, it will radiate to the Yangtze River Delta, so that the Pearl River Delta can make an early choice.
After the cooperation in Shanghai was finalized, Zheng Yaoyang planned to let Xiangjiang Telecom start a financing plan and let Fuxing Bank take a stake in the company to achieve cross-control of the shares.
Because we had talked several times before, the negotiation process went smoothly. Except for some sparsely populated islands, it is expected to cover an area of 6,300 square kilometers.
The area of just one city has reached more than four times that of Xiangjiang Aomen and Pengcheng, so the investment amount this time reached 1.8 billion yuan.
As mentioned before, Shanghai Telecommunications Bureau holds 66.7% of the shares and Xiangjiang Telecom holds 33.3%.
Except for the profits in the first three years, 20% of the annual net income must be distributed as dividends every year thereafter.
Xiangjiang Telecom needs to invest RMB 600 million and provide relevant technical support. There is no need to worry about anything else. Just be an individual shareholder.
The contract between the two parties was signed in the morning, and Modu Mobile Communications Co., Ltd. was officially established in the afternoon.
Just seeing the name of the company, Zheng Yaoyang showed a strange look, and Liang Xiaonian asked: "Mr. Zheng, is there a problem?"
"fine."
When Zheng Yaoyang saw the word mobile, he thought of the three major operators that would emerge one after another after the millennium.
If you can still hold a certain amount of shares after the Millennium integration, you don't have to worry about breaking your legs.
Liang Xiaonian asked again: "Mr. Zheng, do you have any other plans for the afternoon?"
Zheng Yaoyang heard the implication: "I should be fine in the afternoon, but I have to go to Tokyo tomorrow."
Liang Xiaonian said: "I wonder if you have paid attention to the news about the opening of the Shanghai Stock Exchange last month?"
"I'm sorry, I haven't paid much attention recently."
"I understand, it's actually like this..."
Liang Xiaonian was entrusted by someone to tell Zheng Yaoyang about a series of things that happened after the listing of the New Eight-share Stock Exchange.
The Shanghai Stock Exchange has been open for less than a month, but its total market value has already expanded more than five times.
The fanatical mood of stock investors frightened them, so they sought medical treatment indiscriminately and found Zheng Yaoyang.
Those financial experts are unreliable. They usually have one theory after another, but when encountering this kind of situation, they collectively become silent.
Zheng Yaoyang was not only stunned. He had heard about the power of old stereotypes for a long time, but this was the first time he saw it.
After pondering for a moment: "Perhaps we can add a limit to the rise and fall, so that investors can have a cooling-off period."
Although the T+1 trading method is a scam and treats investors purely like leeks, it is the most suitable for China’s national conditions.
Zheng Yaoyang also has his own selfish motives. They will attack HSBC early next year. If restrictions are imposed on Big A in advance, funds will flow into Hong Kong earlier.
In later generations, countless mainland companies rushed to list on the Hang Seng Index, partly to obtain U.S. dollars, and also to enjoy a free trading environment.
Liang Xiaonian's eyes lit up: "Mr. Zheng, why don't you wait a moment and I'll call Lao He over."
He Tao, chairman of the China Securities Regulatory Commission, is the real owner, and he is just a helper. Let him come and understand the situation in person to avoid mistakes in the reporting process.
Liang Xiaonian knew that Zheng Yaoyang was a Chaoshan native who loved tea, so he had already prepared Dahongpao from Wuyishan in the reception room.
The two chatted over tea, and Zheng Yaoyang also revealed a key piece of news: the mainland communications market is also included in Woodpecker Fund's investment plan.
A fiery color flashed in Liang Xiaonian's eyes. It is no exaggeration to say that Zheng Yaoyang now controls more funds than the country's foreign exchange reserves.
18.9 billion US dollars, even if only one-fifth is invested in mainland communications, at least it can fully cover the Pearl River Delta and the Yangtze River Delta.
If he can take the lead and allow mobile signals to cover the Yangtze River Delta, it will be a great political achievement.
Not long after, He Tao hurried over. The two had met once before at a financial symposium.
He Tao has a straightforward personality. He made a few polite remarks and asked how to implement the price limit.
These days, the stock market is skyrocketing every day, and even the forced suspension of trading has no effect. They hope that the market can develop healthily, not that everyone has speculative ideas.
"Whether the Hang Seng Index, S&P, or Dow Jones, they all adopt the T+0 trading method, short and long, and buy and sell on the same day."
Zheng Yaoyang moved out of the complete A-share system ten years later: "If Mr. He is worried that the market sentiment is too enthusiastic, he can adopt the T+1 trading method and set up price limits and a circuit breaker mechanism."
"What is T+1? What is the price limit? What is the circuit breaker?"
The terms Zheng Yaoyang mentioned were all so new that He Tao had never even heard of some.
Zheng Yaoyang took a sip of tea and spoke slowly: "T+1 means buying on the same day and selling only tomorrow. It is convenient for control and directly eliminates speculators in the market."
"As for the price limit, a certain price limit is set every day. Once the price exceeds this limit, the stock cannot be traded."
"A circuit breaker can also be called an automatic trading suspension mechanism. When the stock index volatility reaches the specified circuit breaker point, trading is suspended to control risks."
Zheng Yaoyang sighed: "Although these three plans can prevent the emergence of speculators as much as possible, they will also completely lose the activity of the market."
He Tao was stunned for a moment after hearing this. He couldn't help but slap his thigh and praised him profusely: "Mr. Zheng, you are simply a god."
He suddenly held Zheng Yaoyang's hand and said excitedly: "Mr. Zheng, on behalf of the Shanghai Stock Exchange, I sincerely invite you to serve as our honorary consultant."
The three plans were tailor-made for them, and he didn't care whether the market would lose its activity.
The speculation in the early years was still vivid in his mind. These days, he had been worried that the Discipline Inspection Commission would suddenly come to his door.
Zheng Yaoyang shook his head and refused: "I'm sorry, I'm afraid I can't agree, and I don't want you to make it public. These plans were proposed by me."
He just recently raised US$18.9 billion, and then turned around and became a consultant to the Shanghai Stock Exchange. It’s hard not to make investors think too much.
This kind of thankless and thankless thing is just a job in name only. Whoever wants to do it can do it, but he won't do it anyway.
He Tao was stunned. He didn't expect Zheng Yaoyang to refuse so simply. He was speechless for a moment.
Liang Xiaonian smiled and smoothed things over: "Lao He, it's not like you don't know that Mr. Zheng is very busy on weekdays and has to fly to Tokyo tomorrow. It's understandable that he really doesn't have time."
He and He Tao were not in the same department, so the help was just a matter of convenience, but he would never offend Zheng Yaoyang for his sake.
He Tao smiled bitterly and seemed to have thought of the reason: "Mr. Zheng, I'm sorry, I was abrupt. Could you please explain the T+1 trading system again?"
Zheng Yaoyang smiled and continued, "The T+1 trading system is to artificially create a one-day cooling-off period. It also castrates the market and makes investors lose the right to short the market."
The essence of T+1 is to enclose the land and create a long-lasting leek garden. It is extremely unfriendly to Xiaosan, but it is very easy to manage.
Otherwise, it would not have been implemented since 1995. In the following decades, the original foundation has been improved.
Including the Science and Technology Innovation Board that appeared later, it only relaxed some price limits appropriately, from 10% to 20%, but the essence has not changed.