HSBC's status in Hong Kong is just like the status of the Federal Reserve in the United States. It has always been a giant in Hong Kong. When Li Chaoren was able to win over Hutchison Whampoa like a snake, it was because of the help of HSBC. And Bao
The reason why the shipping king was able to become the chartered shipping king was also with the help of HSBC. Later, the chartered shipping king abandoned the ship and landed, and acquired Wharf from Jardine Matheson, also with the help of HSBC.
It can be said that HSBC affects the entire economic context of Hong Kong!
It was precisely with HSBC working behind the scenes that Ma Tingqiang, Hu Yuan and others would attack Wu Jianye unscrupulously.
Hu Ran said: "Half of the advertisements in your and our newspapers are for products of companies owned by Yiwang Group and Yaoguang Group and products of companies that have cooperative relationships with them. If the other party really wants to deal with us,
If so, why don’t you stop the advertising agreement with us?”
Ma Tingqiang analyzed: "Isn't this simple? If Yiwang Group and Yaoguang Group really choose to terminate the advertising agreement with us, then they will have offended the entire newspaper association, and then the newspapers of the entire newspaper association will not
If they publish their advertisements, the losses to them will be even greater, not to mention that Wu Jianye may still think that he can acquire us at this time, so naturally he will not choose to terminate the contract!"
Hu Ran admitted that what Ma Tingqiang said was reasonable, but she always felt that something was wrong. Even if all Wu Jianye's counterattacks were expected now, Hu Ran had been studying Yaoguang Group after experiencing yesterday's joy.
And the development history of Yiwang Group in Hong Kong.
She would not think like ordinary people think that the development of these two consortiums was due to pure luck. The development of the group to this point cannot be explained by ordinary luck.
Coupled with Wu Jianye's past performance in Xiangjiang, it was enough for her to think that Wu Jianye would not only have this one trick!
The unknown is the scariest thing!
However, this did not dispel Hu Yuan's idea of attacking Wu Jianye. Although she failed to guess Wu Jianye's real plan, as Ma Tingqiang said, HSBC's status in Xiangjiang is too high.
With HSBC's backing, Hu Yuan has full confidence.
When we first acquired Yulang International, why did we lose to Yiwang Group? Isn’t it because we didn’t have enough funds in our hands than Yiwang Group?
With the support of HSBC, Hu Ran believes that with its own abilities, Sing Tao Newspapers will definitely become a super group in the future!
Located on the top floor of HSBC Tower in Central!
Puisi, who succeeded Shen Bi as the head clerk at HSBC Bank, was sitting at his desk. His hair was already a little gray and he was very energetic.
Pulaus's predecessor, Shen Bi, is known as HSBC's most successful executive and a world-renowned banker. Now that Puisi has succeeded Shen Bi, one can imagine the pressure on his heart.
Since taking office, Puisi has regarded Shen Bi as his biggest goal. He wants to replace Shen Bi and become the most successful head coach of Hong Kong HSBC.
If this goal is to be achieved, then HSBC must have greater achievements in its own hands. When Shen Bi was in office, he planned and deployed HSBC's internationalization strategy and planned to establish strategic strongholds in the Americas and Europe outside of Asia.
Forming the so-called 'three-legged stool' strategic layout.
HSBC’s expansion into the Americas can be said to be quite smooth.
In 1978, HSBC reached an agreement with Ocean Mile Bank of America and purchased 51% of the bank's equity for US$341 million. Ocean Mile Bank also changed its name to SITC Bank.
At the end of 1987, HSBC spent another US$770 million to acquire the remaining 49% equity of SITC Bank, making it a wholly-owned subsidiary of HSBC in North America.
SITC Bank is the thirteenth largest bank in the United States, with total assets reaching US$17.2 billion in 1979, and total assets increased to US$25.5 billion when the acquisition was completed in 1981.
SITC Bank is headquartered in Buffalo, upstate New York, with more than 300 branches, an extensive business network in New York State, and a leading position in commercial banking. After HSBC acquired SITC Bank, it has undoubtedly established a strong presence in North America. A bridgehead for further expansion.
However, at that time, SITC Bank was suffering from consecutive losses, and HSBC had to inject capital into SITC Bank many times.
Just after HSBC successfully acquired 51% of SITC Bank's shares, Shen Bi was about to turn his attention to Europe, especially England. On March 16, 1981, Standard Chartered Bank of England proposed a comprehensive acquisition of the Royal Bank of Scotland. HSBC immediately intervened, and Standard Chartered Bank Standard Chartered Bank launched a fierce battle, and this battle can be said to be the outpost and prelude to HSBC's acquisition of Midland Bank.
The reason why it is said to be the outpost and prelude to the acquisition of Midland Bank is because HSBC did not successfully acquire the Royal Bank of Scotland. Due to the strong xenophobic sentiment of the Scots, HSBC's acquisition failed. This is also the reason why HSBC and Standard Chartered Bank failed to acquire the Royal Bank of Scotland. The first confrontation on the international battlefield.
Then HSBC set its sights on another bank in England, which was Bank of England.
Bank of England is also a famous bank in the UK, even more famous than the Royal Bank of Scotland. It is one of the four major settlement banks in the UK, ranking third in terms of asset value and fourth in terms of number of branches!
It is also very difficult to acquire Midland Bank. Therefore, the most important acquisition for HSBC during Shen Bi's tenure was not completed. Instead, it waited until the second year after Shen Bi retired. HSBC spent 3.83 billion pounds (approximately HK$5.6 billion) to purchase 14.9% of Bank of Midland at a high price of 475 pence per share (Mitland's stock price at the time was 350 pence per share, a 90% premium). And appointed two directors to join the board of directors of Bank of Midland, taking the most important step in the acquisition of Bank of Midland.
The two banks also reached an agreement that HSBC cannot change its stake in Bank of Midland in the next three years, and the final completion price of its acquisition will be based on the net asset value of Bank of Midland that year.
Although this acquisition was completed under the auspices of Pu Weishi, the deployment of this strategy has always been done by Shen Bi. Therefore, when outsiders talk about this matter, they will give more credit to Shen Bi. on the head, not Pulaus.
Naturally, Pulaus had some thoughts on this and wanted to make some important breakthroughs when he took office.
Just after the news that Yiwang Group acquired shares of Standard Chartered Bank came out, Puisi thought that this might be an opportunity for him, so he has been paying attention to the situation of Standard Chartered Bank.
Unlike HSBC, which is a public company, and the bank's chief executives are all elected by shareholders, Standard Chartered Bank has always been a business owned by the Henderson family. This time, Yiwang Group took action against Standard Chartered Bank, eliminating the need for Pulis.
There are many jobs. As for outsiders, they have been speculating why HSBC chose to take action at this time. It is because...
Ryan Henderson is sitting in Puisi's office at this time.
"If you can let me return to the position of chairman of Standard Chartered Bank, Standard Chartered Bank is willing to become an existence like Hang Seng Bank!"