Just as the local financial conference in Xiangjiang was about to be held, a number of news that shook the financial landscape of Xiangjiang suddenly broke out in the financial community in Xiangjiang.
Far East Bank will merge with Asia Commercial Bank to form New Asia Bank, which will become the industrial financial center of New Asia Club.
Once the two major banks complete the merger, New Asia Bank will be stronger than many banks, ranking sixth after HSBC, Xinjian, East Asia, K. Wah, and Daoheng.
Nanjiang Club is not willing to be left alone. Nanjiang Bank merged with Hang Lung Bank. The new bank is still named after Nanjiang. Its strength has also soared. Once completed, it will only rank behind New Asia Bank.
Compared with these two mergers and acquisitions, another piece of news is even more shocking: multiple Nanyang Hui families jointly acquired Standard Chartered Hong Kong.
Since then, Standard Chartered Hong Kong has become independent from Standard Chartered Bank. Standard Chartered Bank's business in Greater China belongs to Standard Chartered Bank, including the right to issue Hong Kong dollar notes. It is also rumored that Standard Chartered Bank intends to change its name to Hong Kong Bank.
Suddenly, there has been a huge change in the financial landscape of Hong Kong. In Li Jianhui's office, Xinjian Bank President Lin Yiming also proposed that Xinjian Bank can merge with K. Wah Bank and Xingchuang Bank, so that the total market value of Xinjian Bank can surpass HSBC and Link Card.
Buddha, becoming the largest listed company in Hong Kong, in order to ensure that Xinjian Bank can obtain the right to issue Hong Kong dollar notes without any risk.
It is a pity that Li Jianhui did not immediately agree to Lin Yiming's proposal. Among local banks in Hong Kong, Xinjian Bank's total market value is second only to HSBC, reaching more than 170 billion Hong Kong dollars.
Jiahua also ranks fourth. It is supported by enterprises under the two major groups of Yuntao Holdings and Xingsha Holdings. Although its market value has not exceeded 100 billion Hong Kong dollars, it has reached nearly 90 billion Hong Kong dollars.
Since Xingchuang Bank is an industry of Blue Maple Holdings Group, its development here is relatively weak, ranking last among local banks in Hong Kong, but its market value is still several billion Hong Kong dollars.
Currently, HSBC is the second largest listed company in Hong Kong and the largest listed bank in Hong Kong, with a total market value of more than HK$211 billion.
Once Xinjian Bank merges with K. Wah and Xingchuang, its total market value will immediately become the largest listed company in Hong Kong. Even Lane Crawford, which currently ranks first, will be far behind.
It's just that Li Jianhui doesn't want several major banks to merge together. Currently, Xinjian Bank has the support of Xinjian Holdings' subsidiaries and many independent companies.
Relying on the merger and acquisition of internal enterprises of the Xinjian Department to become stronger.
Li Jianhui is not unaware that the emergence of New Asia Bank and Nanjiang Bank's acquisition of Hang Lung Bank were mainly for the right to issue Hong Kong dollar notes.
But he is not too worried about this. Compared with their comprehensive strength, even if New Asia Bank, Nanjiang Bank, and Sun Hung Kai Bank merged, they would not be able to compare with Xinjian Bank. Not to mention that these three companies belong to three parties, and it is impossible to merge at all.
Compared with local financial support, Xinjian Bank has the full support of East Asia, Daoheng, and Yongan. Even if several other parties join forces, Li Jianhui will not be too worried.
And then again, if it is really attacked, it would be the same for Xingchuang Bank or Xingchuang Bank, whether it would merge with K. Wah or Xingchuang Bank. After all, HSBC already has the right to issue banknotes.
In the total market capitalization ranking of local banks in Hong Kong, apart from HSBC, Xinjian Bank ranks first.
"Yiming, what you have to do now is to maintain the continued development of Xinjian Bank, especially the continuous development of the external market.
As for the issue of the right to issue Hong Kong dollar notes, you don't have to worry too much, I will personally take care of this aspect.
As for the merger of K. Wah Bank and Industrial Bank, you shouldn’t mention it too much. Industrial Bank is the bridgehead for Blue Maple Holdings’ financial services to enter the Greater China market, and it is impossible to merge.
I believe you are also aware of the history of Ka Wah Bank. Before letting it become an independent company, the top executives of Yuntao and Xingsha had considerable objections.
If Xinjian Bank is allowed to merge this time, I'm afraid that the senior executives of the two major holding groups and Ka Wah Bank will collectively block the door of your office.
And you should be clear about the meaning of K. Wah Bank. Lanfeng, Nanlong, Huaying, and Quanyuan have banks. These two holdings cannot live without banks. K. Wah Bank is the financial institution of the two major holdings, Yuntao and Xingsha.
Center.”
How could Lin Yiming not understand the significance of K. Wah Bank to the two major holdings of Yuntao and Xingsha? It was only this time that he became a little anxious when he saw the actions of all parties.
At the same time, he also has some ambitions in his heart. He is not satisfied with just serving as the director, vice president, and chairman of the board of directors of Xinjian Holdings Group. He also hopes to one day become a member of the executive team and be able to take charge of the Xinjian Department.
Especially now that Xinjian Bank has begun to enter the northern market on a large scale. Considering the huge market in the north, the number of members of the executive team will inevitably increase again. He also wants to take this opportunity to make Xinjian Bank the largest listed company in Hong Kong, so that he can join the executive team.
The chances are undoubtedly much greater.
He has even considered that after the merger of K. Wah Bank, Du Ningxue, Chairman of the Board of Directors of K. Wah Bank, will serve as Vice Chairman of the Board of Directors of Xinjian Bank and Executive Vice President. Once he becomes a member of the executive team, Du Ningxue will be able to take over.
Manage the affairs of Xinjian Bank.
Of course, he has more than just small calculations in his heart. Seriously speaking, Du Ningxue is higher than him in terms of qualifications and status in the Xinjian Department. Du Ningxue will also be one of his main competitors when he joins the executive team in the future.
.
If K. Wah Bank is to be merged this time, considering that he is currently the president of Xinjian Bank, Du Ningxue will only be able to temporarily occupy the position of executive vice president. In this case, Du Ningxue will also be disqualified from entering the executive team competition in the future.
Li Jianhui will not care about Lin Yiming's inner calculations, and in Li Jianhui's heart, Lin Yiming has never been a candidate for the executive team.
This is because Lin Yiming was too blind in his heart. He thought that becoming the president of Xinjian Bank was only one step away from being a member of the executive team, but he did not consider his own qualifications within the Xinjian Department.
As for ability, Lin Yiming can't reach the top level. There are many people who are better than him, and there are many people with comparable abilities, and these people have more senior qualifications. When he was the vice president of Xinjian Bank, not only
A few of them are already group presidents.
Moreover, the northern market is no different than other markets. Here, Li Jianhui is less likely to arrange for senior executives who are mainly engaged in financial and banking management to be responsible for Xinjian Department affairs.
Lin Yiming returned disappointed and could only focus on the expansion of external markets, especially in Baodao, ASEAN and the Commonwealth market.
Since the path of mergers and acquisitions is unavailable, he can only rely on his own development to make Xinjian Bank the largest listed company in Hong Kong, and at the same time make Xinjian Bank the largest bank in Hong Kong.
Li Jianhui stood still, but other members of the Donghua Society were not so calm. Li Guobao, Lei Juekun, Zhang Guangwen, Feng Jingyao, Guo Zhiquan and others called one after another to ask Li Jianhui's opinion.
He also proposed that Tung Wah Association Xiangjiang members have a dinner at the Xin Hui Hotel in the evening and discuss how to respond to the actions of all parties.