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 - in 1917, the Bank of China set up a branch in Hong Kong.

In 1950, it was placed under the leadership of the new General Management Office of the Bank of China.

In 1983, the Bank of China Group was formally established to lead 14 Chinese-funded banks in Hong Kong and Macao.

The members of the Bank of China are Bank of China Heung Kong Branch, Bank of China Hao Jiang Branch, Bank of Communications, Bank of Guangdong, Xinhua Bank, Zhongnan Bank, Jincheng Bank, Guohua Commercial Bank, Zhejiang Industrial Bank, Yanye Bank of Hong Kong Branch, Nanyang Commercial Bank, Po Sang Bank, OCBC Commercial Bank, Chiyu Bank, and in 1988, there were 303 branches of the Bank of China Group, accounting for 217% of the total number of banks in Hong Kong that year. The storage business accounts for about 20% of the total market and has become the second largest banking group in Hong Kong after HSBC.

Foreign banks include more than 100 banks in more than 20 countries and regions.

Most of them are in the top 100 of the world's 500 largest banks.

These banks are mainly in the United States, Japan, Europe and Australia, among which the United States and Japan are the most powerful.

In 1989, there were 20 U.S.-funded banks and 30 Japanese-funded banks in Hong Kong.

Most of these banks came in after Heung Kong opened up to foreign banks in 1978 (the banking crisis in the 60s had a ban on foreign banks opening in Hong Kong).

Although the arrival of Japanese banks in Hong Kong was late, they came fiercely.

The U.S. banking group is a leader in 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 occupy a monopoly position in the Hong Kong banking system.

Although the United States, Japan, Europe and other major international banks 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 wavered.

In 1988, HSBC and Standard Chartered had 383 and 118 branches in Hong Kong respectively, with a total of 501 branches, accounting for 3,586% 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 financial market and are at the centre of market activity.

This is due to the fact that first, the seniority is deep, and they have a history of more than 100 years.

Second, they have the privileges of being the central bank in the special support of the Hong Kong government, such as issuing banknotes, acting as agents for the government's finances, and participating in some of its financial decisions and management.

3. Good management, continuous innovation of the two banks, to adapt to the changes in the new situation.

Fourth, good credit, they always put credibility first in business activities.

These factors enable them to stand in the place of immortality.

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 the stability of the financial market.

Among the four major banking groups, the most miserable is the Chinese-funded bank in Hong Kong.

Chinese-funded banks are also known as local banks.

The golden age of Chinese banks was from 1946 to 1964.

Although the capital of Chinese-funded banks is small, the number of branches is relatively large, and they have considerable influence among the Chinese in Hong Kong, especially among the lower middle class and small and medium-sized enterprises.

After 1965, Chinese-funded banks withstood heavy blows and went into decline.

Some of these banks have either failed or been acquired, merged or taken over by the Hong Kong government because they are not very competitive and cannot withstand the onslaught of the banking crisis, or because they are unable to operate independently due to mismanagement and illegal activities.

By the end of 1988, there were still 27 Chinese-funded banks registered in Hong Kong, but 2 of them were taken over by the Hong Kong government (Hang Lung Bank and Overseas Trust Bank), and 20 were acquired and controlled by large foreign banks and other institutions (Bank of Guangdong, Jinghua Bank, Dah Sing Bank, Zhejiang First Bank, Heung Kong Commercial Bank, Dah Sing Bank, Dao Heng Bank, Far Eastern Bank, Hang Seng Bank, Kangnian Bank, Heung Kong Chinese Bank, Heung Kong Industrial and Commercial Bank, K. Wah Bank, Guang'an Bank, Liao Chong Hing Bank, Shanghai Commercial Bank, Sun Hung Kai Bank, Wing Hang Bank, Wing On Bank, Union Bank).

Of the 27 banks, only a few of them, including Wing Lung Bank, remain financially independent. By 1989, three barely independent Chinese banks had their licenses revoked by the Hong Kong government

The Hang Seng Bank mentioned by Ryan Henderson before was controlled by HSBC and became the largest shareholder.

Hang Seng Bank was renamed and reorganized from Hang Seng Bank on 1 January 1960. The following year, the 22-storey Hang Seng Building was completed in Central. In addition to the head office, branches were also set up in Yau Ma Tei and Mong Kok, Kowloon.

By 1965, Hang Seng had 9 branches.

Before the name change, Hang Seng Bank was in line with the modern banking mechanism.

He was promoted to Director on 1 January 1960 and Deputy General Manager in January 1964.

By the way, Li Guowei is the cousin of the Li Xishen family, the head of the four major families in Xiangjiang, who talked about it before.

Subsequently, with the development of Hong Kong, Hang Seng Bank rode the wind and waves, but with the run on the banking industry in Hong Kong in 1965, Hang Seng also encountered great difficulties, and then Ho Shanheng had no choice but to seek help from foreign aid, Ho Shanheng first asked for help from wealthy businessmen and bankers who were very close, but no one reached out to help.

At the end of his rope, Ho had no choice but to turn to HSBC, which promised to help Hang Seng Bank tide over the difficulties 'unlimitedly', but it was not without conditions.

It was HSBC that invested in Hang Seng Bank, He Shanheng had no choice but to agree to HSBC's request, and since then HSBC has taken a stake in Hang Seng Bank, accounting for 51 shares, and Hang Seng Bank has lost its controlling stake, but it has also been saved from bankruptcy and escaped the doom of running out.

A few years later, there were rumors in the banking industry that HSBC's holding of Hang Seng was actually promoted by Li Guowei, and at that time, HSBC actually just wanted to invest in 35 shares!

Li Guowei naturally denied it, and in the end, there were different opinions and it became a public case!

After the change of banner, with the help of HSBC, HSBC successfully avoided the crowding trend, and HSBC also sent 4 directors to participate in the board of directors of Hang Seng, the chairman is still Ho Shanheng, HSBC directors in addition to attending the board meeting to make some suggestions and participate in decision-making, did not interfere in Hang Seng's personnel, administration and business management.

Hang Seng Bank remains Hang Seng Bank.

This shows that HSBC is satisfied with Hang Seng's original operating mechanism, and that Hang Seng suffered this catastrophe not because of any major flaws in its operation, but because it was burdened by the trend of crowding, and it also shows that HSBC is a bona fide acquisition, unlike some acquirers, who will dismember their prey once they succeed, or at least make it look bad.

Of course, not everyone thinks so, and some people think that HSBC's behavior is taking advantage of others, so at that time, in the banking union in Xiangjiang, some people accused HSBC!

However, this kind of thing has always been said to be justified by the public, and the mother said that the mother is reasonable, and the matter has become an established fact, and there is no point in arguing about these.

After Hang Seng Bank joined the HSBC Group, it had a strong backer and its credibility was restored immediately.

The run on Hang Seng's total deposits amounted to HK$7.2 billion, and the run resulted in a massive loss of deposits.

After returning to HSBC, the run came to an abrupt end, and depositors switched to depositing money, and by June of this year, the total amount of 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 share capital of HK$100 million.

Among them, 1,000,000 shares with a face value of HK$10 were offered to the public at a price of HK$100.

As a result, the lowest transaction price was HK$135 and the highest transaction price was HK$190 during the year.

By 1973, the stock price soared to 290 Hong Kong dollars, almost 30 times the face value!

By the end of 1978, HSBC's shareholding in Hang Seng had risen from 51% to 61%. HSBC's control over Hang Seng has increased, which also means that Hang Seng's financial backing is stronger and more stable.

By the end of 1978, the number of Hang Seng branches had grown to 35, with 3,700 employees, total deposits of HK$12,887 million, and annual profits of HK$20.8 billion.

Its strength far exceeds that of other Chinese-funded banks.

The combination of HSBC and Hang Seng Bank has also become a rich and 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, Standard Chartered, Bank of China and other behemoths.

Now that Ryan Henderson has told Povis 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 Povis not be attracted to such a temptation?

In fact, this is also the reason why everyone does not understand why HSBC entered the market at this time, although Pu Weishi has been paying attention to the movements of Standard Chartered Bank, but he knows that if he deals with Wu Jianye at the beginning, in the end, it can only be a sandpiper and a clam competing for the fisherman's profit, and only wait until Ryan Henderson steps down.

Only after the loss will Ryan Henderson know how important the position of Standard Chartered Bank's senior class is to him, and only at this time can HSBC come forward to get more benefits from Ryan Henderson.

After Ryan Henderson was ousted, Puvis sent someone to actively contact Ryan Henderson, who actually did not want to agree to HSBC's request at first, after all, he is still the second largest shareholder of Standard Chartered Bank, as long as he has close ties with other shareholders in the future, it is still possible to return to the position of Taipan.

However, after Yan Wen became the owner of Standard Chartered Bank, he began to actively implement the plan of privatization of Standard Chartered Bank, so that Ryan Henderson understood that if he did not act again, he would really lose Standard Chartered Bank, so he finally agreed to Pu Weishi's plan.

This is also the matter of the Xiangjiang Newspaper Association attacking Wu Jianye's group.

According to Pu Weishi's understanding of Wu Jianye, the other party will definitely fight back, and the strategy of counterattack is probably a series of things such as acquisition, shorting, and blocking.

As long as the funds are in place, the takeovers and short-selling will not have much impact on the major newspaper groups, and most importantly, it can also lock up a large amount of money in the Yiwang Group and slow down the privatization of Standard Chartered Bank.

Even if the Yiwang Group is really a two-pronged approach, HSBC is not afraid, the Yiwang Group that is trapped in funds, there will definitely be problems with the cash in hand, and then HSBC can personally negotiate with the shareholders of Standard Chartered Bank to acquire their shares.

Pu Weishi even hoped that the Yiwang Group and the Yaoguang Group would block several major newspaper groups, and when the time came, HSBC would be able to contact the Heung Kong Company, which was good friends with him, to supplement 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 of Yaoguang Group and Yiwang Group have problems with their funds, and the stock price of Standard Chartered Bank will definitely fall at that time, and HSBC can even create a false impression to the public, and the two major groups will use the deposits of Standard Chartered Bank without authorization in order to make up for their losses, which may cause a run on Standard Chartered Bank at that time, and will also be a disaster for Yiwang Group and Yaoguang Group.

If everything is within Pu Weishi's plan, HSBC may even be able to leverage Yiwang Group and Yaoguang Group, then Pu Weishi will become a greater existence than Shen Bi!

"You can rest assured, Standard Chartered Bank will definitely return to the Henderson family, we HSBC are very satisfied with the past management of Standard Chartered Bank, so we only invest in Standard Chartered Bank, and will never interfere with your management of Standard Chartered Bank!"

Povis vouches for Ryan Henderson!

Ryan Henderson nodded, and it was precisely because of the experience of Hang Seng Bank that Ryan Henderson would agree to HSBC's request.

"What are you going to do with the Yiwang Group?" Now the news is that they are not going to block a few major newspapers, but are just going to buy them!" Ryan Henderson asked.

Pu Weishi sat in his seat, looking very confident, and said with a smile, "Wu Jianye was able to found Yaoguang Group and Yiwang Group, obviously not a fool, although before this, HSBC has not come forward, but he must be able to think that there must be help behind several major newspaper groups." ”

"I don't think he has blocked several major newspaper groups, but he is also out of such concerns, but even if he doesn't block it, we have a way, since he wants to buy, then let's slowly increase the stock price of several major newspaper groups, boiled frogs in warm water, as long as his funds are locked in the body of several major newspaper groups, then there will be problems with the cash in his hand, and if there is some bad news from Standard Chartered Bank, I want to see how he responds to this series of blows!"

Ryan Henderson continued, "Aren't you afraid that Wu Jianye is putting smoke bombs, and in fact has no intention of acquiring several major newspaper groups?"

Pu Weishi said, "Don't worry, we have received the news that the Yiwang Group has begun to mobilize a huge amount of funds, and since the news came out, the stocks of several major newspaper groups in the market have been eaten by large investors, obviously to make a move, we only need to slowly raise the stock prices of several major newspaper groups, and they will enter the set I have set for them little by little." ”

Ryan Henderson frowned slightly, everyone knows that the banks that Yiwang Group is now cooperating with are Bank of China and Standard Chartered, and Pu Weishi can know this news, obviously he is fully prepared!

"Now that you're well prepared, I'll see!"

"Haha, don't worry, it's not far from the day when you will return to Standard Chartered Bank!" laughed Pu Weishi.

At the same time, Yu Zhi Investment, Wu Jianye's office.

"Brother, we have now acquired some of the shares of several major newspaper groups, what should we do next?" Yan Wen asked as he sat across from Wu Jianye.

"How's their stock price going?" Wu Jianye asked.

"With our entry and HSBC's high-profile announcement, the share prices of several major newspaper groups have soared to a certain extent!" Yan Wen replied.

"As soon as the market opens on Monday, it's all thrown away!" Wu Jianye said with a smile.

Yan Wen also smiled, "Understood!"

This is a showdown between Wu Jianye and HSBC, both sides are arranging their own plans, who wins and who loses, will be revealed in the next few days!

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