This time Sumitomo Kimura's acquisition of Wing On Bank was quite smooth. In less than half a month, Wing On Bank officially became a bank controlled by Sumitomo Bank.
With the joint takeover of Wing On Bank by the Sumitomo Consortium and the Lee Consortium, the run on banks in Hong Kong's financial industry has finally eased slightly, and is no longer as tense as before.
This also made Governor Youde and Director of the Hong Kong Monetary Authority McBurney Deshawn secretly breathe a sigh of relief.
In the past few months, the pressure on them has been really great. Xiangjiang currently relies mainly on the real estate industry and the financial industry for support.
The current collapse of the real estate industry is a foregone conclusion. If there is further turmoil in the financial industry, Hong Kong's economic development is likely to regress.
Li Guangyu himself did not pay too much attention to the affairs of Yongan Bank. He only sent a financial officer there. At the same time, Xia Xueping, general manager of the administrative department of Tianyu Financial Group, and the deputy general manager of finance of Yongan Bank served as directors of Yongan Bank.
Li Guangyu went to the headquarters of Wing Hang Bank on the morning of December 10. The shareholding change of Wing Hang Bank has been completed, and the bank has also changed its name. Today, their major shareholders personally attended the unveiling ceremony of the bank's name change.
The reason why they took such action this time is that the current financial market in Xiangjiang is not very good. Their presence this time can let the citizens of Xiangjiang see the strong strength of the bank.
The second is to expand the influence of the bank. Li Guangyu and others are committed to making this bank comparable to HSBC and Standard Chartered. In the future, Tianyu Bank will no longer compete for the Hong Kong dollar banknote rights. In the future, it will be this bank that competes for the Hong Kong dollar.
The rights and interests of banknotes.
The name of this name change does not have much poetry. From today on, the name Wing Hang Bank officially enters history, and Hong Kong Bank enters the eyes of the public.
Many forces have different interpretations of this name. Some forces think that the Li Group and its interest groups are ambitious. It can be seen from the name of this bank that they are obviously aiming for the top spot in the banking industry in Hong Kong.
At the same time, some forces have made deeper speculations. Whether it is the American consortium, the Japanese consortium, or the current Western European consortium, their core is financial banks.
This time, the Li Group and its interest groups are both shareholders of the Bank of Hong Kong. Obviously, they want to make the Bank of Hong Kong the flagship of their group. In the past, the Li Group and its interest groups mainly used the Li Group as the link. The following is divided into
The three groups are not closely related to each other.
Now, several groups have become more closely related through the platform of Xiangjiang Bank, and various forces have integrated together. A new consortium has emerged in Xiangjiang, and the Xiangjiang Bank Consortium will definitely occupy a place in the world in the future.
Although the Bank of Hong Kong is still very weak, some people believe that the development potential of this bank in Hong Kong is not comparable to that of few banks.
The shareholders behind him are too large for Xiangjiang, and the business of these shareholders will gradually be transferred to Xiangjiang Bank.
At this ceremony, the businesses of Shau Kee Group, Towngas Group, Heung Kong Electric Group and Cathay Pacific Airways will be transferred to Heung Kong Bank.
With the support of these huge groups, as well as the support of the Li Group and other shareholders, Hong Kong Bank will soon become the top four banks in Hong Kong, second only to HSBC, Standard Chartered and Tianyu Bank.
McBurney Deshawn, director of the Hong Kong Monetary Authority, also attended the bank's unveiling ceremony in person. Even Shen Bi and George LaVine, who had trouble dealing with the Li Group, also attended the ceremony. .
The current financial situation in Xiangjiang is extremely severe. At this time, the actions of the Li Group and other interest groups in the Bank of Xiangjiang have improved the confidence of Xiangjiang citizens. This time, the Bank of Xiangjiang not only changed its name, but also the major shareholders jointly injected capital into the bank. 3 billion Hong Kong dollars.
Although McBurney Deshawn knew that the funds injected were for the purpose of providing loans to the Xiangjiang Electric Lighting Group, this did not prevent it from bringing confidence to all walks of life in Xiangjiang.
This time, the Li Group, its interest groups, and the Singapore Group added 500 million new shares to Heung Kong Electric Group. All major shareholders subscribed according to their shares. The remaining shares were released on the Heung Kong Exchange and were snapped up in less than half a day. Empty.
Affected by this, the shares of Heung Kong Electric Group continued to soar, reaching 76 yuan per share in a short period of time. Now there are one billion shares of Heung Kong Electric Group, which pushed the market value of Heung Kong Electric Group to HK$7.6 billion.
As for the shares that Li Guangyu and the others subscribed for at HKD 69, their market value increased significantly in half a day.
Now Heung Kong Electric Group has quite a lot of money in its account. At the same time, Heung Kong Electric Group has also reached an agreement with the Heung Kong government on land in Tin Shui Wai and will build a new power station there.
This time the Heungkong Electric Group is obviously targeting the China Power Group. The planned investment in the Castle Peak Power Station under construction there is HK$2 billion. This time the Heungkong Electric Group is also spending HK$18 billion to build a new power station in Tin Shui Wai.
At the same time, HK$2 billion will be used to expand the capacity of the power station on Lamma Island, promoting the simultaneous development of the north and south sides of the Heung Kong Electric Group.
At present, Xiangjiang Electric Group has invited a Japanese professional team to design, and construction is expected to officially start in January.
This HK$2 billion project has a huge impact on the stability of the people of Hong Kong. The actions of the Lee Group and its interest groups let the citizens of Hong Kong know their confidence in the future development of Hong Kong.
Li Guangyu said to the arriving McBurney Deshawn, "Mr. Deshawn, thank you very much for coming to attend our unveiling ceremony."
"Mr. Li, I am very happy to see the development and growth of our financial industry in Xiangjiang, especially the continuous growth of our major financial institutions. Only if you continue to develop, can our financial industry in Xiangjiang be more prosperous. I believe this bank will be like him With a name like that, it will become a symbol of our city in the future."
Li Guangyu didn't know whether McBurney Deshawn was sincerely praising or flattering him, but he didn't care about this issue. He believed that the future development of Xiangjiang Bank would not be inferior to that of HSBC and Standard Chartered Bank.
Li Guangyu said, "We also hope that the Bank of Xiangjiang will be able to one day, but we at the Bank of Xiangjiang do not yet have some of the conditions. If Mr. Deshawn really thinks that our Bank of Xiangjiang has such potential, I hope you can give us more help."
McBurney Deshawn knew exactly what Li Guangyu was talking about. He seemed to be unwilling to give up on the Hong Kong dollar banknote rights. Tianyu Bank did not take it away, and now it has been transferred to Xiangjiang Bank.
But how can this right be given away? The power of Hong Kong dollar banknotes can only be controlled by banks controlled by the British, and other forces and banks should not even think about it.
He said, "Mr. Li, people still have to know how to be content. There are some things that you cannot master, at least within this time. Our British and Hong Kong governments have been very generous to you, and we hope you will not let us
The best thing is that it is difficult to do. We also very much hope to maintain the current friendship with you, but some things still cannot be crossed."
McBurney Deshawn is very clear that the local side currently hopes to win over the Li Consortium and its interest groups, but these people want to get benefits and are unwilling to stand on his side, which makes them feel very uncomfortable.
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However, they don't have a good way to do this. Now their country is no longer the empire on which the sun never sets, and the local area is also in an economic crisis, which requires these consortiums and families to invest.
They cannot force these forces to the opposite side and make them hostile to themselves, so most of the time they can only focus on wooing them to prevent them from getting involved in politics.
Fortunately, the Li Group and its interest groups have no intention of getting involved in politics. They are only focused on developing their own industries and will not create too many problems for them.