Chapter seven hundred and seventy seventh not worth it
George Lavine naturally hopes that Standard Chartered Bank can always be the overlord of Hong Kong, but now the situation has changed, and Standard Chartered Bank no longer has the strength to maintain its position in Hong Kong.
In the past, due to the care of the British government and the Hong Kong government, they and HSBC received a lot of policy support, allowing them to become the overlord of the financial community in Hong Kong.
Now not only the two flagship banks of the Lee Group and the Heung Kong Group, but also the East Asia and Heung Kong Asian Commercial Banks are also very strong. Once their advantage over the government disappears, these two major banks may not be able to compete with them in Hong Kong.
Moreover, there is another bank that has begun to show its ferocity. Bank of China has also begun to show its identity and status in Hong Kong. In the future, this bank will definitely compete for the dominance of Hong Kong's financial industry.
Once Xiangjiang returns to the mainland, Standard Chartered and HSBC will have no advantage at all. Besides, Standard Chartered is preparing to gradually focus on developing other regions.
There was no need for him to take such a risk. After all, he was just the chairman of the Hong Kong region of Standard Chartered Bank. He was just an employee. George Lavin did not want to bury his life in Hong Kong.
He is different from Shen Bi. Shen Bi is the chairman of the board of directors of HSBC Bank and is responsible for the entire affairs of HSBC. Moreover, the current headquarters of HSBC is in Hong Kong. Xiangjiang is where their roots are. Shen Bi naturally does not want to see them being replaced by others in Hong Kong.
Bank suppression.
George LaVine said, "Shen Bi, I can understand your feelings, but we are just professional managers. There is no need to do such risky things. Don't let your life be ruined here. Once something happens, you and I will
You are the best scapegoat. You are just getting paid, HSBC is not yours, so why do you need to do this?"
Shen Bi was very unwilling. He had worked at HSBC for decades. After he took the helm of HSBC, the bank's performance was booming. It was about to overtake Standard Chartered and become the first bank in Hong Kong. The Li Group entered the financial industry.
Gave him a painful blow.
When the Li Group was just starting to make its fortune, he was optimistic about the development of the Li Group and supported Li Guangyu, hoping to bring greater returns to HSBC in the future.
Facts have proved that my vision is indeed very good. Whether it is Pao Yugang, Li Ka-shing and later Li Guangyu, they are all top Chinese figures in Hong Kong, and they are prosperous in Hong Kong.
It's just that Li Guangyu's ambitions were too great. Shen Bi knew that the Li Group would enter the financial field, but he didn't expect it to happen so quickly and violently. What frightened him the most was Li Guangyu's growing circle of allies.
In the past, Chinese families in Xiangjiang mostly formed alliances based on marriage and blood relationships. This kind of power was not too strong and the scope was not too large.
Now, the Lee Group mainly forms alliances based on interest relationships, and has attracted many top family alliances in Hong Kong, causing the business of HSBC and Standard Chartered to continue to decrease.
Shen Bi hopes that when he retires from HSBC, HSBC will still be the dominant bank in Hong Kong. If he misses this opportunity, he may not be able to maintain HSBC's position in Hong Kong.
He is different from George LaVine. He is full of affection for HSBC. He hopes that HSBC can continue to grow and develop and become a dominant player in the world. This is why he proposed to do so.
He himself is very aware of the consequences of doing so, and the power of the Li Group cannot be underestimated. Once the government really agrees to their request, the Li Group will soon be able to find out the reasons. At that time, the media under the Li Group will directly point the finger. Point to the two major banks and the Hong Kong Monetary Authority.
At that time, it will be time for them to engage in a public opinion war with the Li Group. Shen Bi is not worried about this. They have countless reasons for suppressing the policy, as long as they can hit Tianyu Bank.
It's a pity that no matter how Shen Bi persuaded him, George LaVine was unwilling to participate in this matter.
He did not believe that the ending would be as good as Shen Bi said. The Li Group had repeatedly told those forces who wanted to dig holes for them over the years, and in the end they were the ones who were trapped.
He did not want to bear the infamy for this. He only hoped that he could be transferred out of Xiangjiang and go to other areas as soon as possible. He did not want to get involved in these disputes. Over the past two years, he had been exhausted physically and mentally.
When George LaVine stood up and left, he said, "Shen Bi, you still have to leave a way out for yourself. Not to mention that the Xiangjiang government will most likely veto your proposal. Even if it is passed, I'm afraid you won't be able to get what you want. You Think about the terrifying profitability of the Li Group. Most of their industries are in other regions. They settle directly in US dollars. This is enough to fill the loopholes in this aspect. Our major banks are not within the business scope of Tianyu Bank. Inside."
"Laven, the reason why our Xiangjiang British-funded consortium is in such a miserable state is because we worry too much and don't have the courage to sink the ship. Everyone is cleaning up the trouble on their own. As a result, our British-funded consortium is being attacked one by one by the Li family's consortium. Now the British consortium is defeated one by one. We are the only two major banks in the financial group. If we remain like this, I'm afraid you and I will be the next ones to fall."
Shen Bi still hopes that George LaVine can join him in making suggestions to the Xiangjiang Monetary Authority, so that the success rate can be higher. If HSBC alone, the probability of extending the policy is too small.
George Lavine was unmoved by Shen Bi's words. He didn't want to plunge himself into such a dead end. Shen Bi was exchanging the interests of the entire Xiangjiang for an opportunity to attack the Li Group. In his opinion, such a move It was too crazy, he was not that crazy, and Standard Chartered Bank was not worthy enough that he could pay everything for it.
George Lavine said, "Shen Bi, HSBC personally gave Hutchison Whampoa Group to the Heung Kong Consortium. You also refused to save Wheelock Group. Jardine Matheson Consortium could only hand it over to others because of your HSBC group. , you, HSBC, are not just cleaning up the trouble, you are also stabbing us in the back, allowing Chinese-funded consortium to easily acquire our British-funded enterprises."
Shen Bi was speechless when George Lavin said that HSBC's only enemy was Standard Chartered Bank. In order to win over Chinese-funded families, he favored that side in many aspects and caused heavy losses to the British-funded consortium. But later he wanted to It is already too late to suppress Chinese-owned families.
The fault was that Li Guangyu was too ambitious. Otherwise, why would HSBC be like this? In the past, most of the banking business of Chinese-owned families was in HSBC. Now, most of these businesses have been lost, especially for a few people he was optimistic about. All their business has gone to Tianyu Bank and Tianyu Bank. Hong Kong Bank went away, causing heavy losses to HSBC.
Shen Bi said, "I did not think carefully at the beginning. I did not expect that in just a few years, the Li Group would push our Xiangjiang British Group to this extent. Now I still hope that our two families can work together to deal with it." The challenges of the Li Group and the Xiangjiang Group."
"Shen Bi, this is a serious matter. I cannot agree with your suggestion. This matter will not do us any good. Instead, we may be burdened with infamy. And you have never considered it again. Once you do this, the mainland market will The door will always be closed to us, and it is only a luxury to want to enter the mainland market. You think about it, I will leave first."