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680,HSBC crisis

Inside Feng Jingxi's mansion in Repulse Bay.

"Uncle Feng, why can't we talk about it in the company? Why did you ask Ah Fa to call me home?"

At Feng Jingxi's invitation, Chu Huan came to Feng Jingxi's home that day and met Feng Jingxi who had been waiting for Chu Huan for a long time.

The Three Musketeers of Sun Hung Kai can be regarded as a legend in the business history of Hong Kong.

Among the three, Guo Desheng is the oldest, followed by Feng Jingxi, and Li Zhaoji. Finally, the company the three of them founded in the early years was not Sun Hung Kai, but a company called Yongye. However, in addition to the three of them, the entire Yongye company also

There are five other shareholders, and the Shatin Hotel is their first business in Wing Yip.

Later, Yongye Company started its own real estate projects from old buildings. At that time, there were many old buildings to be demolished in Xiangjiang, so it was easier to acquire old sites.

This kind of land is usually very small in area and is looked down upon by big real estate companies. However, they bought it as if they had found a treasure. Their funds are suitable for use in small sites.

Over the past few years, although there have been no miracles in Yongye, he has taken one step at a time and never made any mistakes.

However, in 1963, the three of them left Wing Yip and re-founded Sun Hung Kai Properties due to disagreements with the other five shareholders.

The three people have a clear division of labor at Sun Hung Kai. Guo Desheng and Li Zhaoji are responsible for real estate projects, and Feng Jingxi is responsible for finance and investment business.

However, when Sun Hung Kai gradually grew in size, the three parted ways. Feng Jingxi founded Sun Hung Kai Securities, and Li Zhaoji founded Henderson Land Development.

Although the Sun Hung Kai Three Musketeers were a lot of people who were suspicious of them when they separated, they thought they could share adversity but not wealth.

However, the subsequent performances of the three people broke such suspicions. Although the three people separated, they still cooperated frequently and their relationship was better than before.

Unlike Guo Desheng and Li Zhaoji who have always wanted to continue developing the real estate industry, Feng Jingxi prefers the securities industry.

In today's Hong Kong, there are three big guys in the securities industry who are recognized as the three big guys in the securities industry. They are Li Fuzhao of the Far East Club, Hu Wenhui of the Gold and Silver Club, and the third one is Feng Jingxi of Sun Hung Kai Securities.

In terms of ability, Feng Jingxi is not inferior to Guo Desheng and Li Zhaoji, but in terms of luck, Feng Jingxi is far behind his two old partners.

Because of the uncertainty in the financial industry, Feng Jingxi encountered the stock market crash in 1973 and the run wave in 1983. In 1985, when Feng Jingxi was preparing to regain his glory, he died of a cerebral hemorrhage while working in Vancouver, Canada. He was only 63 years old!

Feng Jingxi only left over a billion in assets to his family, while the assets of the Guo family and the Li family have reached tens of billions of Hong Kong dollars.

The gap cannot be simply stated in terms of ability.

"Ah Huan, I invite you here this time because I want to ask your opinion on two things!" Feng Jingxi sat on the sofa and talked to Chu Huan with a smile.

Chu Huan said: "Uncle Feng, just tell me if you have anything to do. The relationship between our two families does not require politeness."

Feng Jingxi smiled even more happily. If anyone in Xiangjiang was most familiar with Chu Huan's family history, then it was Feng Jingxi... although he didn't know everything.

It was at Sun Hung Kai Securities that Chu Huan started his first round of making money in the Hong Kong stock market!

Now Chu Huan has grown into a giant in Hong Kong. Although the Feng family has developed compared to that time, compared with Chu Huan's development speed, it is definitely not enough.

Even now, Chu Huan is still able to maintain a humble attitude in front of him. This situation makes Feng Jingxi very useful.

"Haha, since you said so, Ah Huan, then I will get straight to the point!"

Feng Jingxi adjusted his sitting posture, smiled and said to Chu Huan: "Ah Huan, I know you have always wanted to enter the local banking industry in Hong Kong, and as for me, you also understand that the ultimate goal has always been to reorganize Sun Hung Kai Securities

For Sun Hung Kai Bank, I think we can deepen our cooperation with each other!"

This is the reason why Feng Jingxi invited Chu Huan here today. In the Bank of East Asia battle, although Chu Huan became the largest shareholder of Bank of East Asia, everyone in the Xiangjiang business community knew that Chu Huan could not actually win this time. After all, everyone

Everyone knows that Chu Huan's real purpose is to completely acquire and privatize Bank of East Asia.

But with the end of the Bank of East Asia battle, Chu Huan's actions gave people the feeling that he had not really exerted his strength. After all, according to many people's speculations and Chu Huan's power, it is not impossible to acquire Bank of East Asia.

, in the end, Chu Huan suddenly died down, which made many people wonder whether Chu Huan's idea of ​​​​entering the local banking industry in Hong Kong was not that strong?

Of course, Feng Jingxi, as one of the Xiangjiang businessmen who knew Chu Huan best, did not think so. In Feng Jingxi's view, Chu Huan's behavior at that time was just that he discovered that that time was not the best time to completely acquire Bank of East Asia, so

In the end I chose to give up and wait for a better time.

Because Feng Jingxi understands that Chu Huan has always been very optimistic about the development of his hometown. Since he is optimistic about the development of his hometown, he definitely wants to enter the financial industry in his hometown. However, due to the particularity of Alder Commercial Bank, the possibility of entering the financial industry in his hometown is very small.

, so Chu Huan must have a local bank in Xiangjiang as support.

"Uncle Feng, you mean that Sun Hung Kai's bank reorganization has been approved by the Hong Kong government?" Chu Huan looked at Feng Jingxi in surprise.

You must know that Sun Hung Kai Securities did not apply for a license from the Hong Kong government until 1982 when it restructured its bank. Now that Feng Jingxi is telling himself this, he obviously wants to invite himself to join his Sun Hung Kai Bank.

Feng Jingxi shook his head helplessly and said: "We don't have this condition yet, but I plan to establish Sun Hung Kai Insurance Company next year!"

Securities, banking, insurance, and banking are the three major businesses. Although Feng Jingxi has not yet applied for a bank license, he has already begun to establish a bank.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! This is the same reason why Chu Huan acquired Volkswagen International Investment before Alde Commercial Bank entered Hong Kong.

"So that's it!" Chu Huan nodded slightly.

Feng Jingxi said confidently: "But I believe that sooner or later, Sun Hung Kai Securities will be reorganized into Sun Hung Kai Bank. I asked Afa to invite you, Ahuan, here this time, just to ask if you are interested in investing in my Sun Hung Kai Insurance."

?”

This is the concrete manifestation of Chu Huan's influence in Xiangjiang.

There is an old saying in China, saying that there is no room for snoring on the side of the bed. Under normal circumstances, Feng Jingxi should not let outsiders invest in his company, but Chu Huan was different.

First of all, the relationship between the two of them is extraordinary. It can be said to be very deep. It can make Feng Jingxi believe to the maximum extent that although Chu Huan has invested in his company, he will not have any influence on the management rights of the Feng family in the company.

Threat, not only does not pose a threat, it is also likely to be a powerful help.

Secondly, Chu Huan has enough influence and financial resources in Xiangjiang. If such a powerful foreign aid joins, it can be said to be an important bargaining chip for the future development of Sun Hung Kai Insurance.

Chu Huan thought for a moment and had no objections to this matter.

Although in another time and space, the development of Fung King-hee's Sun Hung Kai was quite bumpy, but this time is different from another time and space. If he had joined in and reminded him, Fung King-hee's Sun Hung Kai would have gone in a different direction, so I just thought about it briefly.

, Chu Huan agreed to Feng Jingxi’s invitation.

"I don't have any problems here. Uncle Feng, you just need to come up with a specific charter!"

Seeing that Chu Huan agreed to his invitation, Feng Jingxi was also very happy and said with a smile: "No problem, I will ask Afa to send the specific articles of association to your company tomorrow!"

Being able to prepare the articles of association so quickly shows that Feng Jingxi has no doubts about Chu Huan's joining.

"Okay, I'll ask Wen Mingzhang to contact your people about this matter!" Chu Huan said with a smile.

Chu Huan would hand over all companies that invested in this way to Chinese Real Estate, which was in charge of Wen Mingzhang!

The largest controlling shareholder of Chinese Real Estate is the Chu Family Trust Fund, which means that the shares and dividends of these companies will be used by Chu Huan to support his family in the future.

After chatting about the business, Chu Huan had dinner with Feng Jingxi, Feng Yongfa, Feng Yongxiang and his son. Chu Huan left here and returned to No. 12 Mount Calais Road.

.

Time flies, and it’s the beginning of 1979 in a blink of an eye!

After entering 1979, if we want to say who is the most depressed in the business community in Hong Kong, it must be Bao Yugang, Niubijian, and HSBC!

Last year, the mysterious Japanese funds withdrew from the Hong Kong stock market, which gave Bao Yugang and Niubijian a chance to breathe. Both sides believed that the matter was over, and everyone could slowly resume their own business.

The planned plan was carried out.

As a result, when Wharf's stock price fell to HK$50 per share, the mysterious Japanese funds entered the Hong Kong stock market again and began to sweep away Wharf's stock.

Under such circumstances, Bao Yugang and Yihe, who were so frightened that they had not yet taken a breath, immediately raised funds again and entered the stock market to fight with each other.

As a result, when Wharf's stock price exceeded 70 Hong Kong dollars per share, the other party once again faded away like the tide.

This made Bao Yugang, Niubijian and others feel very uncomfortable.

Chu Huan, who had just handed out New Year's red envelopes, returned to No. 12 Mount Calais Road. At this time, Cao Yunshang's belly had swelled, but his body shape had not changed much.

"This is the legendary body shape with only a fat belly but not a fat body, right?" Chu Huan supported Cao Yunshang and said with a smile.

Cao Yunshang said: "The doctor at home has seen it and the little guy is very healthy inside. You don't have to worry."

Chu Huan smiled softly and said: "There is nothing to worry about. I believe you will all be healthy."

"Yeah!" Cao Yunshang also smiled sweetly.

The two walked into the room. The house was also very lively. The children had already gone on vacation. Zhong Xiaoqing was taking Chen Yalu and Sumitomo Ryoko were stacking Lego.

After a year of operation, Youth Toys finally reached an agreement with the founder of the Lego family and purchased all the equity of Lego from the other party at a price that was more than double the market price. Since then, Lego Toys has officially joined the youth toy industry.

family.

It seems that Chu Huan's industry has not made any big moves this year, but in fact, Chu Huan's global business layout is expanding and developing in an orderly manner.

Others were playing mahjong and chatting. Since Cao Yunshang became pregnant, Mrs. Wu moved Chen Xincheng's family and Chen Shuli to No. 12 Galley Road. Although Chu Duanqing and Zhong Xiaoqing did not

I moved here, but I still come here every day.

There is also Zhou Meiqi, she also moved to 12 Mount Galley Road, which has made this place very lively for more than half a year.

When everyone saw Chu Huan coming back, they just said hello out of habit and then went about their business.

Chu Huan has long been used to this situation.

"By the way, Bao Yugang called me this morning. He probably couldn't bear it any longer. He called this time probably to borrow money!"

Cao Yunshang preached to Chu Huan.

Because Chu Huan's capital from Japan entered, the Wharf acquisition war has undergone earth-shaking changes. Originally in another time and space, Bao had already increased his holdings of Wharf shares to 30%, but now Bao's holdings of Wharf shares have reached 30%.

It’s only about 25%.

In addition, it was only at this time that Jardine discovered Bao's actions, and then began a more than a year-long battle with Bao for the right to operate Wharf.

At the same time, in another time and space, the share price of Wharf was only HK$60 per share.

All of this has changed because of Chu Huan's appearance.

However, because of the existence of Chu Huan, both Yihe and Bao have now invested more cash into Wharf, making neither of them want to withdraw at this time.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! To put it simply, the entry of Chu Huan's Japanese funds directly caused the two of them to have a real fire, and they couldn't stop at all.

Okay, you said before that you would not increase your holdings of Wharf stocks, but in the end you have been secretly acquiring Wharf stocks. Isn’t this making us look like monkeys?

That's what Jardine Newburg is thinking now.

Come on, who is clamoring for fair competition every day, but you are actually increasing your holdings of Wharf stocks behind our backs.

how?

Do you want to surpass our Bao family?

This is what Bao Yugang thought.

"What? HSBC won't provide them with loans?" Chu Huan asked Cao Yunshang with some confusion.

Before this, both Jardine and Bao were actually relying on loans from HSBC to compete with Chu Huan for Wharf stocks.

"I guess HSBC has also discovered that this is a bottomless pit. As Wharf's stock price gets higher and higher, the acquisition cost will naturally become higher. The most important thing is that even now, no one can know

Who will win in the end? HSBC is worried that such a situation will drag down their funds and has given both parties an ultimatum and will no longer provide funds to both of them in this matter!"

Cao Yunshang explained to Chu Huan.

Chu Huan was stunned for a moment and said: "That shouldn't be the case. Although both parties have spent a lot, the money shouldn't hurt HSBC's muscles and bones, right?"

Cao Yunshang shook his head and said: "I'm not sure, but thinking about it, HSBC must have more important things to do, otherwise they wouldn't have given up on their previous plans in just half a year!"

HSBC’s initial plan was to let them compete and then provide support on its own side. In the end, no matter who got the Wharf, Bao or Jardine, HSBC could use these two loans to increase its influence and profits, but now

If HSBC stopped this matter before the dust has settled, there may be some things that Chu Huan has not thought of.

.

"Does Mr. Bao and Mr. Yihe have any opinions on HSBC's decision?"

At this time, at the HSBC headquarters, Roy Bentley and Shen Bi were also discussing this matter.

Shen Bi replied: "Both of them naturally do not want HSBC to withdraw at this time. If we follow the previous rules, maybe after the New Year, Japan's mysterious funds will enter the Hong Kong stock market again.

We are competing with them for Wharf's shares. Judging from the current stock price of Wharf, both of them need a lot of cash to cope with the other party's acquisition!"

Roy Bentley said with some helplessness: "What is the origin of the Japanese funds? Half a year has passed, and we still can't find the slightest clue."

Before this, neither Roy Bentley nor Shen Bi actually cared too much about the Japanese funds, but now after experiencing such repetition, it is impossible for them not to care even if they don't want to.

.

What a shit stirrer!

Originally, without the intervention of that amount of funds, the investment by both of them would not have reached this level at all. Now, no matter who wants to truly obtain the operating rights of Wharf, they must at least spend more than the previous budget.

Come out with three times the funds!

And this is only calculated based on the current stock price of Wharf, but whether it is Roy Bentley, Shen Bi or the securities analysts in Xiangjiang, they all know that if the current rhythm continues, the stock price of Wharf will exceed 100 The Hong Kong dollar is simply a matter of time.

You must know that Wharf's stock price was only HK$21 per share last year under normal circumstances. Now it exceeds HK$100 per share, which is basically a five-fold increase!

In fact, in another time and space, during the final battle with Jardine Matheson, Bao Yugang directly quoted a price of HK$105 per share to acquire Wharf shares.

This happened without Chu Huan's participation.

Now with Chu Huan's participation, Chu Huan will definitely secretly push the price higher.

"Now I actually want to know how many Wharf stocks the Japanese funds purchased!" Shen Bi said with some curiosity.

Roy Bentley said: "Looking at the other party's attitude towards acquiring Wharf, it should be inferior to Bao's and Jardine. It's just that the other party's current behavior makes it look less and less like it is acquiring Wharf, but more like Are you deliberately pushing up Wharf’s share price?”

Shen Bi's eyes suddenly lit up. Previously, his focus had always been on Yihe and Bao. In fact, he didn't pay much attention to the Japanese funds.

But when I heard Roy Bentley say this, I suddenly felt that I had missed something before.

"If the other party is deliberately pushing up Wharf's stock price, then what is the reason why the other party does this?" This is something Shen Bi cannot figure out.

Roy Bentley said: "That's why I want to know who the other party is. If I know the other party's identity, then his purpose can be guessed."

Shen Bi nodded, agreeing with Roy Bentley's idea, and analyzed: "Now the other party has two possibilities. The first possibility is that the other party is not a person, but a gang, a gang similar to stock blackmail and speculation. They do this The purpose is to raise the share price of Wharf, and then when the share price of Wharf reaches what they think is the peak value, they will take advantage of the trend to sell the shares of Wharf in their hands, thereby obtaining super high profits.

And judging from the current development situation, this possibility is the highest. Have you noticed that when the other party purchased Wharf stocks these two times, they stopped immediately when the stock price began to rise rapidly, and then waited until the package was completed? Shi and Yihe both stopped, and when Wharf's stock price fell, they took action again and continued to raise the stock price. This is very much like a stock sniping technique!"

This chapter is not over, please click on the next page to continue reading! Roy Bentley nodded, and then asked: "What about another possibility?"

Shen Bi's face changed slightly and he said: "The other possibility is a bit scary. I think the other party's purpose may not be in Wharf at all, but in other places. They have only one purpose in doing this, and that is to seek more information. Big goals!”

Roy Bentley also changed his face when he was analyzed by Shen Bi, and said: "Is it possible that the bigger goal is Jardine Matheson, Land, Global, or HSBC?"

There are only a few companies in Xiangjiang whose asset value exceeds that of Wharf, and the only direct participants in this matter are Bao and Jardine, plus HSBC.

Shen Bi shook his head and said: "It's not very clear, but one thing is certain. This matter has locked up the funds of both of them, so I suggest to you that another reason to stop borrowing from both of them is that we We can no longer blindly invest money in this matter.”

Roy Bentley nodded and said with lingering fear: "If your second inference is true, then who is the other party and what kind of terrorist plan does it have?"

Shen Bi suddenly asked Roy Bentley: "Do you think this matter has anything to do with Chu Huan?"

Roy Bentley blasted and felt a chill running down his back. If this matter was related to Chu Huan, then many things could actually be explained.

First of all, this fund comes from Japan. Everyone in Xiangjiang knows that Chu Huan has invested in many businesses in Japan. Japan Jiaku is also a very important part of the entire Jiaku business empire.

That mysterious fund comes from Japan again!

Secondly, Roy Bentley knows that Chu Huan has been thinking about Yihe. If Yihe puts all his funds on the Wharf matter this time, then if Chu Huan suddenly takes action against Yihe, then Yihe will He Ke didn't have much ability to resist.

"Is it really him?" Roy Bentley instinctively didn't want to admit this.

Shen Bi said: "I am just speculating. As far as I know, Bao Yugang has contacted Chu Huan after receiving our notice. If Chu Huan lends money to Bao Yugang, then this The reason why the person behind this incident is Chu Huan is much smaller!"

Roy Bentley said blankly: "Shouldn't it be bigger? Chu Huan lent money to Bao Yugang, so that Bao Yugang can have more funds to mobilize Yihe's funds?"

Shen Bi said: "Although this possibility is possible, if Chu Huan does this, it will be equivalent to using his left hand to fight his right hand. The investment in this is not small, and I heard that at the end of last year, Youth Toys He just spent a large sum of money to acquire Lego toys from Denmark. Can Chu Huan have so much cash in his hands now?

You must know that although his industries are spread all over the world, we all know that the rapid expansion requires a lot of funds. In addition to the plans announced by Chu Huan before, which one does not require a huge amount of cash, he can really raise them. Do you have that much money?"

Roy Bentley said helplessly: "It's a pity that the intersection between Chu Huan's Jiaku and our HSBC is getting less and less. Otherwise, we can infer an approximate amount of cash in Chu Huan's hands!"

Shen Bi also nodded helplessly.

Just when the two of them were still doubting Chu Huan, Roy Bentley's secretary suddenly walked in and whispered: "I just received news from England that Japan's Sakura Bank suddenly proposed an acquisition plan to the Royal Bank of Scotland! "

Roy Bentley and Shen Bi's expressions suddenly changed.

"When did it happen?" Shen Bi asked loudly.

"Just now!" the secretary replied.

Roy Bentley and Shen Bi looked at each other and saw the original meaning in each other's eyes.

"It's not Chu Huan, nor does he want to make a fortune on Wharf stocks, but the other party's goal is actually our HSBC Bank?" Shen Bi said in horror.

Two things that were originally unrelated to each other were treated as one by Shen Bi.

The reason for this is actually related to HSBC's current development strategy.

As mentioned before, HSBC has always wanted to complete the development of their global triangular stool strategic plan. The acquisition of Ocean Milan Bank in North America is part of their triangular stool strategic plan, and the other part is to complete the acquisition of Royal Bank of Scotland. acquisition.

Originally, this matter would not happen until 1981, but HSBC received help from Chu Huan during the Shaya period and completed the acquisition of Ocean Milan Bank ahead of schedule. This also allowed them to set their sights on Europe in advance. of banking industry.

The Royal Bank of Scotland is their target. Last year, HSBC had officially submitted a report on the possibility of acquisition to the Royal Bank of Scotland.

However, Royal Bank of Scotland has not responded, but no matter what, this acquisition will definitely involve a large amount of cash.

Even HSBC has to weigh this expenditure carefully, so this is another reason why HSBC decided to withdraw from supporting Jardine Matheson and Bao.

Now Japan's Sakura Bank suddenly wants to acquire the Royal Bank of Scotland. In this way, the whole situation becomes clear!


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