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Chapter 790 Adjustment of HSBC

On the morning of October 22, Li Guangyu received a report from Gan Qin in his office that Shen Bi officially resigned as chairman of the board of directors of HSBC.

This man, known as the God of Wealth in Hong Kong, ended his career in this way, and Li Guangyu was also filled with emotion.

In countless novels about traveling through Hong Kong in previous lives, establishing a good relationship with Shen Bi is a necessary skill for the protagonist. With the help of HSBC's financial resources, he can develop rapidly.

It's a pity that Li Guangyu wanted to touch the cheese of HSBC, which caused the relationship between the two parties that was not very close to begin with to deteriorate rapidly. In the past few years, the Li Group and HSBC competed in many fields, and this person led to HSBC's internal The losses were heavy, which is why Shen Bi resigned this time.

Fortunately, HSBC shareholders were able to allow Shen Bi to end his career with dignity, rather than being kicked out directly.

The person taking over HSBC now is Stick Sutherland, the helmsman of the founding family of HSBC. Li Guangyu does not know this person well, and he needs to observe the next actions of HSBC.

Li Guangyu is absolutely unwilling to give up the right to issue Hong Kong dollar banknotes. There is not much time left for him now. He must strive to obtain this power within one year and break the current monopoly of Hong Kong dollar banknotes issued by two British banks. power of power.

Li Guangyu said, "Gan Qin, please inform Yuan Tianfan and let Tianyu Financial Group pay attention to HSBC's recent actions so that we can respond."

Shen Bi's resignation caused quite a stir in all walks of life in Hong Kong. Over the past decade or so, HSBC has vaguely secured its position as the first bank in Hong Kong. Even if Tianyu Bank later emerged and achieved extraordinary development, it would only It can be on an equal footing with HSBC, but cannot suppress HSBC. Moreover, HSBC still has the right to issue Hong Kong dollar notes, and Tianyu Bank cannot compare in this regard.

In recent years, the citizens of Xiangjiang do not know who the shareholders behind HSBC are, but they all know Shen Bi. Shen Bi serves as the representative of HSBC in various activities and banquets in Xiangjiang.

Such a prominent figure actually chose to resign at this time, which filled countless people's hearts with doubts, and people from all walks of life were also speculating on the reasons for Shen Bi's resignation.

Regardless of what the outside world thinks, the era of Peter Shen at HSBC is over, and it will now be up to Stick Sutherland to lead HSBC forward.

In the conference room of the HSBC headquarters, Stick Sutherland presided over the first high-level meeting of HSBC, listened to reports from various departments of the bank, and made arrangements for the future development of the bank.

In the past two years, HSBC has been competing with the Lee Group, and HSBC has not taken advantage every time, and has often suffered large losses. Compared with the development of the bank in previous years, there is a very big gap. This is also The reason why HSBC shareholders want to take down Shen Bi.

They shareholders let Shen Bi take charge of HSBC to make money, rather than letting Shen Bi lead HSBC to confront the Li Group at any cost. They were not willing to see their own interests damaged.

As long as HSBC firmly controls the right to issue Hong Kong dollar notes and does not go out of its way to compete with the Lee Group in a thankless manner, there will not be any big problems with the development of HSBC, even if it loses the business of many Chinese families in Hong Kong. , they can also support HSBC's continuous development by relying on their business in Asia.

Stick Sutherland said, "Due to the collapse of the property market this time, our bank also has a lot of mortgaged properties. At present, some real estate groups in Xiangjiang have entered the market. Our business department will dispose of these assets as soon as possible to withdraw our money."

funds.”

Over the past year or so, HSBC has also had a lot of bad debts. Not only does it have real estate mortgages, but there are also some companies that belong to their bank and are handled by their bank because the borrowers cannot repay the loans. If HSBC wasn't strong, I'm afraid

It also went through bankruptcy liquidation like some small and medium-sized banks.

The general manager of its business department said, "Should we wait a moment, the Li Group and the Xiangjiang Group have begun to enter the real estate market on a large scale, which shows that the real estate market is about to pick up. When the real estate market prices pick up, we are dealing with these properties in our hands, and we can also reduce

Some losses."

As Xiangjiang business people, how could they not study the development of the Li Group in depth in the past few years? The Li Group has very accurate timing every time, and they can always avoid crises and seize opportunities time and time again. Their actions this time prove that

The property market is about to pick up again.

Stick Sudaran said, "Now follow my arrangements and get rid of the property in your hands as soon as possible. Let's not put our expectations on this. You yourself also understand the situation in Xiangjiang. Do you think things can get better in this short time?"

He doesn't like to gamble on such opportunities. At present, the Li Group and the Xiangjiang Group are acquiring a large number of properties, and they can just take action. Once the acquisitions of these groups are completed, HSBC will have no choice but to take advantage of these properties.

When the property market goes sideways or continues to fall, they will suffer big losses. According to some news he got in England, it may not be possible for the property market to pick up in a short time.

Although the general manager of the business department could cite countless examples of the Lee Group to prove that the property market will definitely pick up this time, it was just that at this time, Stick Sutherland had already made up his mind to dispose of the properties in the hands of HSBC. He said at this time

Not only will these have no effect, but they will also cause Stick Sudaran to be unhappy.

He replied, "I will get rid of these properties under our ownership as soon as possible."

Seeing that the general manager of the business department obeyed his instructions, Stick Sudaran also breathed a sigh of relief. After all, many of these senior executives were promoted by Shen Bi. Shen Bi suddenly resigned and took over the helm of HSBC.

It is difficult for him to know whether he has any opinions in his heart.

If these senior executives are dissatisfied with him, then the problem will be huge. It is impossible for him to change all the senior executives at once, otherwise the entire HSBC Bank will be in chaos.

This can only be done slowly. He needs to slowly replace some personnel and let people who support him come up. This will be conducive to his management of HSBC.

In recent years, they have given Shen Bi too much power. HSBC is basically managed by Shen Bi, so that the influence of their major shareholders in HSBC is far less than that of Shen Bi. In addition, they have been in England for a long time, so they have no influence on HSBC.

Some are out of control.

As a result, they only have the right to pay dividends and not have much management power over HSBC. This time, Shen Bi was forced to resign due to this loss incident. This is because the major shareholders hope to take back their power to manage HSBC.

They don't want to end up just being shareholders of HSBC, waiting for annual dividends without having any management rights over HSBC.

Stick Sutherland said, "In the future, HSBC will increase its business expansion in the Commonwealth region, reduce HSBC's dependence on the Hong Kong market, and promote better development of HSBC."

HSBC's senior executives all agreed with this proposal. Currently, the Hong Kong market is owned by Tianyu Bank, Hengjiang Bank and Standard Chartered Bank. They are incomparable to Standard Chartered Bank in terms of business and business in the Hong Kong market.

Standard Chartered Bank is also supported by British-funded consortiums and other non-Chinese-owned companies and families. HSBC originally hoped to win over Chinese capital to suppress Standard Chartered. Unfortunately, with the rise of Tianyu Bank, they suffered the consequences in this regard.



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