A smile appeared on Wang Yaocheng's face, very satisfied with his quick wit.
This light sentence brought tens of billions of dollars in revenue, which makes me feel happy just thinking about it.
HSBC now manages more than 700 billion US dollars in savings assets across five continents. In terms of financial services and channels, it can help hundreds of thousands of Chinese export companies enter the international market.
For companies in urgent need of funds, HSBC can focus on expanding its foreign currency loan business, help them purchase urgently needed imported equipment, materials and advanced technologies, provide guidance on mergers and acquisitions of foreign companies, and support step-by-step development and growth.
Focus on providing in-depth support to China’s outstanding export enterprises.
From the development of international channels, precise positioning of international customers to tailor-made financial products and services, fast credit channels and bank credit services, you can also gain more benefits.
While helping domestic export companies grow and develop, HSBC will surely rise rapidly and bring huge returns to itself.
This is the best solution for a win-win situation between banks and enterprises.
The role of banks in promoting enterprise development cannot be underestimated.
in the conference room
Mo Yuxuan, President and CEO of HSBC Bank, considered the language and said;
"Boss, now we are facing a strong rival, the Royal Bank of Scotland, and the Westminster Bank board of directors is waiting for a price. This is the biggest obstacle we face."
"Oh, there are always people who want to compete for good things. What price can they pay?"
Mo Yuxuan looked at the information in his hand; "This core secret is unknown for the time being. According to the analysis of HSBC's strategic research department and the information obtained from the market, the Royal Bank of Scotland's bid may be around 20-22.5 billion pounds.
This price is very sincere, I think the board of directors of Westminster Bank should be moved, and now they are waiting for our offer."
"How courageous! Where is the time?"
"We'd better make an offer within this month, otherwise things will change later. According to news from within the board of directors of Westminster Bank, many powerful institutions in the United States are very interested in this, and they are still waiting to see it. It is said that UBS Group is also
There is some excitement, but there is no formal contact. We'd better finalize it as soon as possible to prevent others from interfering."
"That's it..."
Wang Yaocheng tapped his slender fingers on the table, lost in thought;
What kind of competitive offer should be made?
No one among the top executives of HSBC in the conference room dared to make a sound. They all waited quietly for fear of interrupting the chairman's thinking.
In that case, there will be no redemption!
Wang Yaocheng's image within the consortium has been mythologized, and he has become the unshakable anchor and spiritual pillar of the entire consortium, and the king who sits high on the throne.
The top executives of the consortium have a mysterious respect for him, like a torrential river that never stops flowing.
Wang Yaocheng paid no attention to the competitor Royal Bank of Scotland, and he was also not interested in the offer of 20-22.5 billion pounds.
The scale of the Royal Bank of Scotland is about 1/3 of the Bank of Westminster. From its foundation to its business scope and capabilities, it is at least one level behind the Bank of Westminster.
The typical small fish eats the big fish, and his face turns red while trying to save energy.
The biggest fear is that if a giant multinational company like HSBC takes a fancy to it, once it gets involved, basically nothing will happen to anyone else.
The bargaining chips that HSBC can offer cannot be given by Royal Bank of Scotland.
Not to mention that HSBC is backed by the big tree of the Wang Consortium. There are so many enviable assets in the shopping basket that it can really dazzle people.
For Wang Yaocheng;
Money is never an issue, nor are trading chips.
The key is whether it can bring the greatest benefit to HSBC. HSBC is his heart and soul and he is willing to spend any amount of money.
What is important is that while improving the business layout of HSBC, it should inherit the professional and thoughtful financial services of Westminster Bank.
Abandon the British arrogance and arrogance.
You have to admit that these British guys are really good at it when it comes to the financial industry.
As for American bankers, they have gone too far in financial derivatives and speculation, and are despised by the prudent and conservative bankers in Europe, who believe that Wall Street has gone astray driven by greed.
They are not called bankers, but should be more appropriately called financial vampires or risk speculators. They are completely a bunch of financial gamblers.
As for Soros and his ilk, they are almost the same as financial gangsters, predators with no bottom line.
These European bankers, who have been here for hundreds of years, do have a very vicious vision.
Don't look at the joyful dancing of US-funded banks now, but they are afraid that the world financial crisis will come.
Over the past hundreds of years, European bankers have experienced too much.
In the field of bank risk control, European banks have to be the best. Among them, the UK, Germany and Switzerland are the best, far ahead of their European peers.
The assets of Westminster Bank are indeed excellent. They are better than the several American banks it acquired before. There are not many asset write-downs, and there are not many non-performing loans and bad debts.
The biggest problem with it is;
The management is too conservative and the thinking is too rigid. Because the qualification review of lenders is too strict, the bank's deposit-to-loan ratio is surprisingly small, which also brings little income.
He obviously has a good hand, but he is unable to play it out. Huge amounts of assets lie in the bank and eat dust, and only more than 30% of them are effectively used. Conservatism and rigidity have gone to the other extreme.
From a bank management perspective, Westminster Bank has a profound heritage of 165 years, and its internal management is efficient and professional.
From 1997 to 1999, Westminster Bank was rated as the number one international trade bank in the UK and was the bank with the best services in terms of short-term and medium-term borrowing, fund management, leasing and foreign exchange transactions.
This is the evaluation of highly professional banking professionals, which shows the high level of personnel management.
Westminster Bank has its own areas of strength;
It is the largest financial services provider in Northern Ireland and the Republic of Ireland, ranking second and first in Australia and New Zealand respectively. It also has extensive branch banking services in southern Africa and South America.
and
Westminster Bank has a reputation that is second to none in the world of private banking.
Adhering to a century-old tradition, we have always acted conservatively and modestly.
The Queen of England and the aristocracy are its loyal customers. Its customer list includes world-famous figures in politics, finance, and entertainment. Its personal private banking services are widely praised.
We have business offices in major financial centers around the world to carry out trust, investment and various financial services businesses, providing perfect and professional services to VIP customers.
This feeling is like that of a personal British butler, with impeccable professionalism.
American banks are scumbags in this regard and cannot be compared at all.
"so……"
Wang Yaocheng broke the silence in the conference room and said confidently;
“Give Westminster Bank two offers;
One, 22.6 billion pounds in cash, or half cash and half HSBC shares, this is their choice.
The second is 18.5 billion pounds, half cash and half shopping basket stocks, including no more than 3 billion US dollars in Yahoo website stocks, 2% Nokia company stocks, accounting for 5%, and Samsung stock worth 6.5 billion US dollars, with a maximum value of 10 billion US dollars.
Cisco's stock will not exceed 10 billion Hong Kong dollars for Cathay Pacific and no more than 20 billion Hong Kong dollars for Swire Properties. They can freely choose the combination."
Mo Yuxuan looked at Vice President Du Bo with a blushing face, and he also had an excited look on his face. They all knew it;
This matter is settled.
As long as the board of Westminster Bank is not stupid, it will definitely choose option two.
The specific stock equity portfolio requested in the shopping basket will vary according to the preferences of venture capital investors and has nothing to do with the overall situation.
As expected, the boss made a bold move. He was willing to invest in popular investment targets such as Yahoo.com and Cisco stock. Samsung stock was also a very popular hard commodity.
In the financial market, if you take out any asset, someone will buy it at a higher price.
To put it bluntly, I think those on the board of directors of Westminster Bank will shed their tears.
"Haha, with these chips, we are very confident."
"Boss, Du Bo and I will fly to London tonight to bring this good news as soon as possible and finalize the merger and acquisition transaction as soon as possible to prevent long nights and dreams."
"Go ahead and take the Boeing 737 special plane with you, and bring a few more people with you. This plane will be yours to use while it's in Europe, just in time to have some more contact with the German side." Wang Yaocheng waved his hand grandly and decided.
"Thank you boss, this way our team can have some fun following President Mo." Du Bo felt much more relaxed when he saw that the big thing was finalized.
Compared with the two mergers and acquisitions being negotiated in Europe, the one in Germany has very different opinions. The internal debate within the board of directors of the other party is very fierce. In addition, several giants are involved in it, so it is estimated that there is little chance of it happening.
As for HSBC, as long as it can win over the big fat bank of Westminster Bank in the UK, it will be enough.
M&A has developed too fast in the past two years, and we need to stop and digest it carefully before talking about it.
The chairman will often explain;
Don't take too big a step, be careful not to pull the balls.
Well……
Although the words are a bit rough, the profound meaning contained in them requires the senior management of HSBC Bank to study and understand them carefully, and they must fully understand the chairman's teachings.
Wang Yaocheng looked at the senior management of HSBC with satisfaction, their spirits were as high as those of soldiers about to go on an expedition, and their morale was commendable.
He suddenly remembered something; "That...who, Xueyi, don't go on this trip to Europe. Stay and receive the former American Commander-in-Chief Croton. This time, HSBC Bank specially invited him to come
If Hong Kong comes to give a speech, the host cannot run away."
"Chairman, aren't you at home?"
"Nonsense, I can't stay here for more than a few days. It's such a big deal to acquire Westminster Bank. Can I not go?"
"I don't want to host this Zipperton at home. Well, he is as poor as crazy. He makes money by giving speeches all over the world, and he publishes some bullshit books. I really don't like him."
Shi Xueyi curled his lips and looked like I was very embarrassed.
Wang Yaocheng was so angry that he laughed; "You idiot, you don't like me and want me to receive you? I really think you are itchy. Come to the rostrum and I promise not to beat you to death."
"Hey! I said the wrong thing. Chairman, don't worry." Shi Xueyi just thought of this and was so frightened that he raised his hands in surrender.
"I don't care?" Wang Yaocheng pointed his finger at him; "Today the brothers are going to Europe. You are going to treat me to this meal tonight. I'll check the number of people at the Gaddi's restaurant in the Peninsula Hotel. Brother Yuxuan, three
Are there enough tables?”
"There must be at least five tables. We have to count the deputy directors of the Secretariat, as well as Director Chen Shi of the Accounting and Audit Department, and several big bosses from the Legal Department, Fixed Asset Investment Department, Venture Capital Department, and Research Department must not be absent.
After all, six tables should be enough. Now I need to call the Peninsula Hotel in advance and ask them to prepare more limited edition vintage red wine. Otherwise, what if the brothers drink too much and the wine is not enough? Let me think about who else is there.
Please..."
President Mo Yuxuan was also a ruthless person, so he doubled the size with a smile, making Shi Xueyi's face turn pale.
Hearing President Mo Yuxuan's last words, Shi Xueyi was so frightened that he waved his hands as if in a convulsion: "Brother Yuxuan, please stop thinking about it. I accept my punishment. If I think about it any more, I will be ruined."
"Hahaha……"
Everyone started laughing, and the conference room was filled with excitement.
After all, Shi Xueyi is also the chairman of the supervisory board of HSBC. He has been worth hundreds of millions of dollars over the years, and he must have enough to eat.
But as the top restaurant in Hong Kong, a high-end banquet at Gaddi's at the Peninsula Hotel costs one million Hong Kong dollars.
Apart from anything else, the expensive dish of fish maw stewed with bird's nest can be eaten without 300,000 Hong Kong dollars for one cup per person?
Don't even think about it.
I won’t go into detail about the other expensive dishes, plus the extremely expensive French vintage red wine, a bottle of which can easily cost tens of thousands or hundreds of thousands of Hong Kong dollars. Don’t expect people like HSBC to be merciful, you will definitely drink it.
Just feel good.
Tens of millions of Hong Kong dollars were spent on just one meal.
Even though Shi Xueyi is rich in wealth, he cannot resist such extravagant spending.
Wang Yaocheng chuckled and said, "Well, look at how stingy you are, just take the red wine from my wine cellar in the evening and let them take it to the Peninsula Hotel later. If you can't finish it, take it to the plane to drink to keep you satisfied.
It’s enough.”
There are no more than ten people in this world who can say such big things.
"Boss is so brave. Let's drink freely tonight."
"Well, this person has to compare with others and throw away goods. The gap between Director Shi and the Chairman is too big."
"Who said it wasn't?"
See the situation
Shi Xueyi retorted a bit unhappily: "You can do it one by one! Is there anyone in this world who can compare with the chairman? Every one of them can be reduced to scum every minute. Today you can all use my light to drink."
Go to the red wine collected by the chairman and smile secretly."
"That's right, thank you, Director Shi."
"You guys, the Gaddi's restaurant is full of water."
Watching the dusk sinking outside the window, it was already dusk.
The high-level officials who participated in the meeting dispersed one after another. After the banquet in the evening, many people would fly to London overnight. At this time, they needed to go home and make some preparations, bring their luggage and required information, and at least go back and talk to their wives.
After the bank merger is completed
National Westminster Bank, a brand inherited from the 17th century, will not disappear. Instead, it exists as a wholly-owned subsidiary bank brand of HSBC, providing high-end private banking customized services.
Especially in the British Isles and the French and Austrian regions, many traditional aristocratic customers and high-end customers have extremely conservative and rigid consumption concepts and will never trust Citibank, Bank of America and HSBC.
They only trust UBS, Deutsche Bank and NatWest, which are long-established European banks with century-old heritage, and remain committed to doing so, regardless of personal will.
If you want to change traditional concepts, it is as difficult as going to heaven.
In North and South America, West Asia, Southern Africa and other places, Westminster Bank will definitely change its brand name to HSBC and consolidate its business outlets and branches.
Withdraw what should be withdrawn, sell what should be sold, merge what should be merged, and clean up what should be liquidated.
In order to achieve the goal of one plus one being greater than two, produce the best chemical reaction.