Chapter 562: HSBC sitting firmly on Diaoyutai (for the leader of the alliance, Jiuyou o
The banking industry in Hong Kong can be roughly divided into four types, namely British-funded banks, Chinese-funded banks, foreign-funded banks, and Chinese-funded banks.
Among them, Chinese banks have a history of nearly 80 years in Hong Kong - Bank of China established a branch in Hong Kong in 1917.
In 1950, he returned to the new leadership of the Bank of China General Management Office.
In 1983, the Bank of China Group was formally established to lead 14 Chinese banks in Hong Kong and Macao.
The members of Bank of China are: Bank of China Xiangjiang Branch, Bank of China Haojiang Branch, Bank of Communications, Bank of Guangdong Province, Xinhua Bank, China South Bank, Jincheng Bank, Guohua Commercial Bank, Zhejiang Industrial Bank, Salt Bank Xiangjiang Branch, Nanyang Commercial Bank
, Po Sang Bank, Overseas Chinese Commercial Bank, Chiyu Bank, Bank of China Group had 303 branches in 1988, accounting for 21.7% of the total number of banks in Hong Kong that year. The storage business accounted for about 20% of the entire market, and it has become second only to HSBC in Hong Kong.
Bank's second largest banking group.
Foreign banks include more than 100 banks in more than 20 countries and regions.
Most of them rank among the top 100 of the world's 500 largest banks.
These banks are mainly based in the United States, Japan, Europe, and Australia, among which the United States and Japan are the most powerful.
In 1989, there were 20 American banks and 30 Japanese banks in Hong Kong.
Most of these banks came in after Hong Kong was opened to foreign banks in 1978 (during the banking crisis in the 1960s, foreign banks were once prohibited from opening in Hong Kong).
Although Japanese banks came to Hong Kong late, they came with great momentum.
American Bank Group leads Hong Kong's financial industry in terms of financial innovation.
British banks are mainly represented by HSBC (including its group) and Standard Chartered Bank.
British banks hold a monopoly position in Hong Kong's banking system.
Although major international banks from the United States, Japan, and Europe have come to Hong Kong, and the number of banks far exceeds that of British banks, the position of British banks in the financial market has not been shaken.
The branches of HSBC and Standard Chartered in Hong Kong were 383 and 118 respectively in 1988. The two banks added up to 501, accounting for 35.86% of the total number of bank branches in Hong Kong, and their deposits accounted for about half of the total deposits in Hong Kong.
British banks play a pivotal role in Hong Kong's comprehensive financial market and have become the center of market activities.
This is because: 1. They have deep qualifications, with more than 100 years of history.
Second, they have special privileges. They have always received special support from the Hong Kong government and enjoy the privileges of the central bank such as issuing banknotes, acting as government finance agent, and participating in certain financial decisions and management.
Third, with good management, the two banks will continue to innovate and adapt to changes in the new situation.
Fourth, they have good credit. They always put credibility first in their business activities.
These factors enable them to remain in an everlasting position.
On the one hand, they have made a lot of money in Hong Kong, and on the other hand, they have also made certain contributions to Hong Kong's economic development and stable financial market.
Among the four major banking groups, the Chinese bank in Hong Kong is the worst offender.
Chinese banks are also called local banks.
The golden age of Chinese banks was from 1946 to 1964.
Although Chinese-owned banks have small capital, they have a large number of branches and branches, and they have considerable influence among Hong Kong Chinese, especially the middle and lower classes and small and medium-sized enterprises.
After 1965, Chinese-owned banks suffered heavy blows and declined.
Some of these banks were either unable to withstand the attacks of the banking crisis due to their weak competitiveness, or were unable to operate independently due to poor management and illegal activities. They closed down one after another or were acquired, merged or taken over by the Hong Kong government.
By the end of 1988, there were still 27 Chinese-owned banks registered in Hong Kong. However, two of them (Hang Lung Bank and Overseas Trust Bank) were fully taken over by the Hong Kong government. They were acquired by major foreign banks and other institutions, and the controlling one was actually
Up to 20 banks (Bank of Guangdong Province, Jinghua Bank, Dah Sing Bank, First Bank of Zhejiang Province, Hong Kong Commercial Bank, Dah Sing Bank, Dao Heng Bank, Far East Bank, Hang Seng Bank, Conian Bank, Hong Kong Chinese Bank, Hong Kong Industrial and Commercial Bank of China
, K. Wah Bank, Guang On Bank, Liu Chong Hing Bank, Shanghai Commercial Bank, Sun Hung Kai Bank, Wing Hang Bank, Wing On Bank, Union Bank).
Only a few of the 27 banks, including Wing Lung Bank, were able to maintain their full independence. By 1989, three barely independent Chinese banks had their licenses revoked by the Hong Kong government...
The Hang Seng Bank that Ryan Henderson mentioned before is controlled by HSBC and becomes its largest shareholder.
Hang Seng Bank was renamed and reorganized from Hang Seng Bank on January 1, 1960. The following year, the 22-story Hang Seng Building was completed in Central. In addition to the head office, branches were set up in Yau Ma Tei, Kowloon, and Mong Kok.
By 1965, Hang Seng had nine branches.
Before Hang Seng Bank changed its name, it had achieved integration with modern banking operating mechanisms.
Li Guowei's status in Hang Seng rose rapidly. On January 1, 1960, he was promoted to director; in January 1964, he was promoted to deputy general manager.
By the way, Li Guowei is the cousin of the head of the Li Xishen family, the four major families in Xiangjiang mentioned before.
Subsequently, with the development of Hong Kong, Hang Seng Bank rode the wind and waves. However, with the run on Hong Kong's banking industry in 1965, Hang Seng also encountered great difficulties. Later, He Shanheng had no choice but to seek help from foreign aid. He Shanheng first asked wealthy businessmen with close connections
I asked the banker for help, but no one offered me a helping hand.
At the end of the road, He Shanheng had no choice but to turn to HSBC for help. HSBC promised to help Hang Seng Bank overcome the difficulties in an "unlimited amount", but it was not without conditions.
It was HSBC that took a stake in Hang Seng Bank. He Shanheng had no choice but to agree to HSBC's request. Since then, HSBC has taken a stake in Hang Seng Bank, accounting for 51% of the shares. Hang Seng Bank lost control of its equity, but it also avoided bankruptcy and escaped the bad luck of a run.
A few years later, some people in the banking industry rumored that HSBC’s acquisition of Hang Seng was actually facilitated by Li Guowei. At that time, HSBC only wanted to acquire 35% of the shares!
Li Guowei naturally denied it, and in the end it became a public case.
After Hang Seng changed its flag, with the help of HSBC, it successfully avoided the squeeze wave. HSBC also sent four directors to the Hang Seng board of directors. The chairman is still Ho Shanheng. In addition to attending board meetings to make suggestions and participate in decision-making, HSBC directors
In addition, it does not interfere with Hang Seng’s personnel, administration and business management.
Hang Seng Bank is still Hang Seng Bank.
This shows that HSBC is satisfied with Hang Seng’s original operating mechanism. The disaster that Hang Seng suffered was not due to any major flaws in its operations, but because of the squeeze. It also shows that HSBC made the acquisition in good faith, unlike other companies.
Once acquired, the acquirer will dismember the prey, at least until it is completely unrecognizable.
Of course, not everyone thinks so. Some people think that HSBC’s behavior is taking advantage of others, so at that time in the bank union in Hong Kong, some people accused HSBC!
However, this kind of thing has always been justified by the public and the mother-in-law. The matter has become an established fact, and there is no point in arguing about it.
After Hang Seng Bank joined the HSBC Group, it had a strong backing and its credibility was restored immediately.
Before the run, Hang Seng's total deposits were HK$720 million, and the run resulted in a massive loss of deposits.
After it became a subsidiary of HSBC, runs came to an abrupt end and depositors turned to saving money. By June of this year, total deposits had doubled to HK$1.5 billion!
On May 29, 1972, Hang Seng Bank became a listed company, with a total of 10 million shares issued and a paid-in capital of HK$100 million.
Among them, 1 million shares with a face value of HK$10 were sold to the public at a price of HK$100.
As a result, the lowest transaction price during the year was HK$135, and the highest transaction price was HK$190.
By 1973, the stock price soared to HK$290, almost 30 times the face value!
HSBC purchased a large number of Hang Seng shares. By the end of 1978, HSBC's shareholding in Hang Seng increased from 51% to 61%. HSBC's increased control over Hang Seng also meant that Hang Seng's financial backing was stronger and more stable.
By the end of 1978, Hang Seng had 35 branches, 3,700 employees, total deposits of HK$12,887 billion, and annual profit of HK$208 million.
Its strength far exceeds that of other Chinese banks.
The combination of HSBC and Hang Seng Bank has also become a colorful history in the financial history of Hong Kong. At this time, Hang Seng Bank has already become an important member of the banking industry in Hong Kong, and its influence is second only to HSBC and Standard Chartered.
, a behemoth like Bank of China.
Now Ryan Henderson has told Puisi that if HSBC can help him return to the position of chairman of Standard Chartered Bank, then he will follow the example of Hang Seng Bank. How could Puisi not be attracted by such a temptation!
In fact, this is the reason why no one understands why HSBC entered the market at this time. Although Pu Weishi has been paying attention to the trends of Standard Chartered Bank, he knows that if he deals with Wu Jianye from the beginning, he will only be a snipe in the end.
The only way to win is when Ryan Henderson steps down.
Only after losing it will Ryan Henderson know how important the position of Standard Chartered Bank's chief executive is to him. Only at this time can HSBC step forward and get more benefits from Ryan Henderson.
After Ryan Henderson was ousted, Puisi sent someone to actively contact Ryan Henderson. Ryan Henderson actually did not want to agree to HSBC's request at first. After all, he was still the second largest shareholder of Standard Chartered Bank.
, as long as we maintain close contact with other shareholders in the future, it is still possible to return to the position of Taipan.
However, after Yan Wen took over Standard Chartered Bank, he began to actively implement the plan to privatize Standard Chartered Bank. Ryan Henderson understood that if he did not take any action, he would really lose Standard Chartered Bank, so he finally agreed with Pu Wei
Shi's plan.
This also led to the Xiangjiang Press Association's mass attack on Wu Jianye.
According to Pu Weishi's understanding of Wu Jianye, the other party will definitely counterattack, and the counterattack strategy will probably be a series of things such as acquisition, short selling, and blocking.
Puisi has its own countermeasures for these. As long as the funds are in place, acquisitions and short selling will not have much impact on the major newspaper groups, and most importantly, it can also lock in the Yiwang Group.
A large sum of money was provided to slow down their privatization process of Standard Chartered Bank.
Even if the Yiwang Group really adopts a two-pronged approach, HSBC is not afraid. The Yiwang Group, which has been locked up in funds, will definitely have problems with the cash in its hands. When the time comes, HSBC can personally negotiate with the shareholders of Standard Chartered Bank to acquire their shares. requirements.
Puisi even hopes that Yiwang Group and Yaoguang Group will block several major newspaper groups. At that time, HSBC can contact the Xiangjiang Company with which he has good relations to replenish the advertising space given up by the two major groups.
At the same time, several major newspaper groups can also report that the two major groups, Yaoguang Group and Yiwang Group, have financial problems. The stock price of Standard Chartered Bank will definitely fall by then. HSBC may even create an illusion to the public that the two major groups In order to make up for their own losses, using the deposits of Standard Chartered Bank without authorization may not only cause a run on Standard Chartered Bank, but also be a disaster for Yiwang Group and Yaoguang Group.
If everything goes according to Pu Wei Shi's plan, HSBC may even leverage Yiwang Group and Yaoguang Group, then Pu Wei Shi will become a greater existence than Shen Bi!
"Don't worry, Standard Chartered Bank will definitely return to the Henderson family. We at HSBC are very satisfied with Standard Chartered Bank's past management, so we are only buying shares in Standard Chartered Bank and will never interfere with your management of Standard Chartered Bank!"
Buvis assured Ryan Henderson!
Ryan Henderson nodded, and it was precisely because of Hang Seng Bank's past experience that Ryan Henderson agreed to HSBC's request.
"What are you going to do about Yiwang Group? The news we got now is that they are not planning to block several major newspapers, they are just planning to acquire them!" Ryan Henderson asked.
Sitting on his seat, Puisi looked very confident and said with a smile: "Wu Jianye is obviously not a fool for being able to found Yaoguang Group and Yiwang Group. Although HSBC has not come forward before this, he is sure I can think of several major newspaper groups that must be helpful behind this."
"I think he didn't block several major newspaper groups because of his concerns. But even if he doesn't block it, we still have a way. Since he wants to acquire it, then we will slowly increase the stock prices of several major newspaper groups. Wen Shui Boil the frog, as long as his funds are tied up with a few major newspaper groups, then there will be problems with the cash in his hands. If some bad news comes out of Standard Chartered Bank, I would like to see how he does it. Deal with this series of blows!"
Ryan Henderson continued to ask: "Aren't you afraid that Wu Jianye is setting off a smoke bomb, but actually has no intention of acquiring several major newspaper groups?"
Pu Weishi said: "Don't worry, we have received the news that Yiwang Group has begun to mobilize huge amounts of funds, and since the news came out, large investors have been buying into the stocks of several major newspaper groups on the market. It is obvious that they are going to To take action, we only need to slowly raise the stock prices of several major newspaper groups, and they will gradually enter the trap I have set for them."
Ryan Henderson nodded slightly. Everyone knew that the banks that Yiwang Group currently cooperates with are Bank of China and Standard Chartered. But Puisi was able to know this news, so he was obviously fully prepared!
"Now that you are fully prepared, I will wait and see!"
"Haha, don't worry, the day is not far away when you return to Standard Chartered Bank's senior class!" Pu Weishi laughed.
.......
At the same time, Yu Zhi Investment was in Wu Jianye’s office.
"Brother, we have now acquired some shares of several major newspaper groups, what should we do next?" Yan Wen asked, sitting opposite Wu Jianye.
"What's going on with their stock price?" Wu Jianye asked.
"With our entry and HSBC's high-profile announcement, the stock prices of several major newspaper groups have surged to a certain extent!" Yanwen replied.
"Throw it all away as soon as the market opens on Monday!" Wu Jianye said with a smile.
Yan Wen also smiled: "Understood!"
This is a duel between Wu Jianye and HSBC. Both sides are planning their own plans. Who wins and who loses will be revealed in the next few days!