Chapter Five Hundred and Eighty Eighth Nanjiang Association Countermeasures
In a private room at the Peninsula Hotel, Keswick said: "Shen Bi, what do you want to say about the current situation?"
If there is anyone present who has the biggest objection to Shen Bi, it is definitely the person at the helm of Yihe. I think it was because of Shen Bi that Yihe lost its Wharf a few years ago.
Although Wharf is now a British-owned enterprise again, the controlling shareholder is no longer Jardine Matheson, but belongs to the Grosvenor Group.
Shen Bi's reputation among the leaders of British-funded enterprises is not very good, especially with the development in the past few years. Regardless of the charter king he supports or Li Chaoren, each one has chosen to establish a force and compete with them. , causing Shen Bi's reputation to suffer a huge blow.
According to rumors, the shareholders behind HSBC are already interested in asking Shen Bi to step down from his current position and replace him with a new person to lead the development of HSBC.
Although this time Li Chaoren and others took over Xianghua Bank and started a new business, it was a big blow to HSBC, but Shen Bi did not weaken his momentum because of this.
"I know that the rise of Chinese-owned enterprises in Xiangjiang in recent years has greatly weakened our influence in Xiangjiang. Not only is our strength unable to overwhelm the business community in Xiangjiang, but we are at a disadvantage in many industries. Therefore, some people blame the On me, but is it really us?
We have to realize that the Tung Wah Association, which poses the greatest threat to us, has never had a very friendly relationship with us.
Regardless of Li Jianhui or Li Guobao, Lei Juekun, Feng Jingyao, Zhang Guangwen and other core members of the Tung Wah Association, they have not had much cooperation with us, let alone helping each other to rise.
As for the Charter King and Li Chaoren, Chen Zengxi, Stanley Ho and others, although it is a bit regretful, we have to admit that the rise of these people has largely helped us share the pressure from the Tung Wah Association.
In my opinion, without these forces, the Xiangjiang market will be completely dominated by the Donghua Society, and we will never have a foothold here."
Seeing that Keswick still wanted to argue with Shen Bi, Shi Huaiya immediately spoke up to smooth things over. The main purpose of gathering here today was to discuss the matter of starting a new business for the Chinese members of the Nanjiang Association, not to watch Keswick and Shen Bi quarrel.
There are many differences among those present regarding how to treat Li Chaoren and others who set up a separate mountaintop. Some are waiting to see what happens, some are suppressing them, and some are trying to win over them.
And everyone has their own reasons, and no one can convince anyone at the moment. However, one point is very clear, that is, the Donghua Association is their biggest competitor now and in the future.
At the same time, after Li Chaoren and others left this time, it was very embarrassing that they no longer had a film and television media group, which was intolerable to them.
Over the past few years, the major forces in Hong Kong have become more and more aware of the importance of the media. Although this thing is a money-losing product, it has made great progress in terms of public opinion and some development strategies.
Especially for them, the major film and television media in Hong Kong are controlled by Chinese-funded consortiums, which is extremely disadvantageous to them.
Because the relationship between Keswick and Shen Bi was not very friendly, the meeting was more dominated by Shi Huaiya.
After everyone expressed their opinions, Shi Huaiya said: "At present, everyone has three main opinions. One is to maintain the current cooperation with Li Chaoren and Feng, and continue to promote the competition between the Chinese-owned family and Li Jianhui and others.
The second is to cut off all cooperation with Li Chaoren and others, but not specifically to suppress the industries owned by Li Chaoren and others, and allow the other party to develop. At the same time, it is to see whether several major Chinese-owned consortiums will sweep Li Chaoren and others out of the Hong Kong market.
The third opinion is to completely break up with Li Chaoren and others, and at the same time suppress his industries and make them pay the price. Let the outside world know that our association does not come and leave at will.
Now I will tell you my opinion. Everyone knows that we have cooperated with the Rose Consortium on a large scale, and the relationship between the Rose Consortium and the Tung Wah Association is currently relatively friendly.
As long as we don't provoke the Donghua Society, Li Jianhui and others are unlikely to take action against us.
Because of the north, even if Li Jianhui targets the Sun Hung Society, the New Asia Society or even Li Chaoren, he will not target us on a large scale. The Donghua Society needs our presence so that they can be stable in Hong Kong.
Therefore, I think we can temporarily put down our hostility towards Donghua Club. Although our influence is not as good as before because of Donghua Club, this does not hinder the rapid increase of our assets. There is no need to provoke Donghua Club's suppression just to save some face.
Regarding Li Chaoren and others, I think we must respond resolutely, otherwise the cohesion of our association will be completely lost, and we will be looked down upon by all walks of life, and there will be no elites to join us in the future.
At the same time, I suggest that we learn from the Donghua Society and that major companies continue to increase mutual financing and holdings to tie our interests together. Only in this way will similar things not happen again."
Kadoorie, chairman of the board of directors of CLP Power, has enjoyed great success this year due to the merger of Heung Kong Electric and the financing from the Rose Consortium.
Because the market value of Xiangjiang Electric Power, which he is at the helm of, is second only to HSBC among Nanjiang Hui companies, his voice in Nanjiang Hui has greatly increased. Although he is not the chairman or vice-chairman, he is already ranked first among the managing directors.
This time Li Chaoren and others set up their own business, he is likely to be replaced as vice president, further enhancing his status within the Nanjiang Association.
As for the chairman, he didn't want to think about it for the time being. With so many British-funded companies in the company, and the market value of HSBC far exceeding that of Xiangjiang Electric Power under his control, as an Iraqi descendant, he couldn't take the position of chairman.
It doesn't matter if his ancestors were Jewish. After Li Chaoren and others left, the people in the Nanjiang Association were mainly Anglo-Saxons. When this association was founded, it was dominated by British-owned companies. Its president could only be HSBC Taipan.
Or maybe Jardine and Taikoo Taipan.
Therefore, when it was his turn to speak, he seemed to be much more low-key, only indicating that more energy should be spent on industrial development and avoiding a large-scale battle with Donghua as much as possible.
As for Li Chaoren and others who have established their own business, there is no need to comprehensively target them. They can just concentrate their firepower to win over one of the other companies, which will have the effect of knocking the mountain and shaking the tiger.
…
After arguing and discussing for nearly two hours, we finally came up with a more feasible plan. First, HSBC and Standard Chartered would no longer provide financial support to Li Chaoren and others, and the industrial loans owned by these people would be immediately recovered once they expire.
As for enterprises, Shi Huaiya and others chose the industries under Luo Yingshi. Among the core industries of Li Chaoren, the industries under the Luo family had the most problems.
Moreover, the next generation of the Luo family is not very united. As long as things are done properly, Shi Huaiya and others believe that it is entirely possible for the Great Eagle Group to transfer ownership.
In the stock market, HSBC, Standard Chartered, etc. are also preparing to make moves. This time Li Chaoren and others acquire Xianghua Bank and take out cash and silver, but it will not be without cost.
These people are not Li Jianhui, and they don't have that much cash in their hands. If they want to raise such a huge amount of funds, apart from bank loans, the best way is to raise funds in the stock market.
Although this has solved the funding problem, an inevitable problem is the reduction of its shareholding in the company.
Maybe you still own more than 35% of the shares and are not too worried about forced acquisition, but it is not necessarily absolutely safe, especially if the other party's purpose is just to suppress the stock price, it is likely to be miserable.