Chapter 561 (II) Continuous fermentation (thanks to the Nine Shadows O Alliance for the reward!)

HSBC's position in Xiangjiang, just like the Federal Reserve's position in the United States, has always been the existence of Xiangjiang giants, when Li Chaoren was able to swallow Hutchison like a snake, it was with the help of HSBC, and the reason why the charter king was able to become the charter ship king was also with the help of HSBC, and then the charter king abandoned the ship and landed, and the acquisition of Wharf in the hands of Jardine Matheson was also helped by HSBC.

It can be said that HSBC influences the entire economic context of Hong Kong!

It is precisely because of HSBC in tandem behind the scenes, Ma Tingqiang, Hu Yuan and others will attack Wu Jianye unscrupulously.

Hu Yuan said: "Half of the advertisements in the newspapers of you and me are the products of the companies under the Yiwang Group and the Yaoguang Group and the products of the companies that have a cooperative relationship with them, if the other party really wants to deal with us, why not stop the advertising agreement with us?"

Ma Tingqiang analyzed: "Isn't this simple, if Yiwang Group and Yaoguang Group really choose to terminate the advertising agreement with us, then he will offend the entire newspaper association, and when the newspapers of the entire newspaper association will not publish their advertisements, then the loss to them will be greater, not to mention, at this time, Wu Jianye may still think that he can buy us, so naturally he will not choose to terminate the contract!"

Hu Amaran admits that Ma Tingqiang is right, but she always feels that something is wrong, even if all the counterattacks of Wu Jianye are expected now, after experiencing yesterday's euphoria, Hu Amaran has been studying the development history of Yaoguang Group and Yiwang Group in Xiangjiang.

She will not be like ordinary people think, these two consortia can develop, it is pure luck against the sky, and being able to develop the group to this point is not an ordinary luck that can be explained.

Coupled with Wu Jianye's past performance in Xiangjiang, it was enough to make her think that Wu Jianye would not have such a trick!

The unknown is the most terrifying!

However, this did not dispel Hu Yuan's idea of attacking Wu Jianye, although she couldn't guess Wu Jianye's real plan, but as Ma Tingqiang said, HSBC's status in Xiangjiang is too high, and with HSBC behind her back, she has full confidence in Hu Amaranth.

When he acquired Yulang International, why did he lose to Yiwang Group, wasn't it because the funds in his hands were not as sufficient as Yiwang Group?

With the support of HSBC, Hu believes that with its own capabilities, Sing Tao Press will definitely become a super group in the future!

Located on the top floor of the HSBC Tower in Central!

Pu Weishi, who succeeded Shen Bi as the head of HSBC, sat at his desk, his hair was already a little gray, and his spirit was very strong.

Pu Weishi's predecessor, Shen Bi, is known as HSBC's most successful Taipan and is also a world-renowned banker, and Pu Weishi is now replacing Shen Bi, and the pressure in his heart can be imagined.

Since taking office, Pu Weishi has regarded Shen Bi as his biggest goal, and he wants to replace Shen Bi as the most successful senior class of HSBC in Hong Kong.

If this goal is to be achieved, then HSBC must have greater achievements in its own hands, when Shen Bi was in office, he planned and deployed HSBC's internationalization strategy, planning to establish strategic bases in the Americas and Europe outside Asia, forming the so-called 'three-legged stool' strategic layout.

HSBC's expansion into the Americas has been quite smooth.

In 1978, HSBC reached an agreement with Ocean Mill Bank of America to purchase a 51% stake in the bank for $341 million, and Ocean Millan Bank changed its name to SITC Bank.

At the end of 1987, HSBC spent another US$770 million to acquire the remaining 49% stake in SITC, making it a wholly-owned subsidiary of HSBC in North America.

SITC is the thirteenth largest bank in the United States, with total assets of $17.2 billion in 1979 and $25.5 billion in 1981.

Headquartered in Buffalo, upstate New York, with more than 300 branches and an extensive network in New York State, SITC is a leader in commercial banking. With the acquisition of SITC, HSBC has undoubtedly established a bridgehead for further expansion in North America.

However, at that time, SITC Bank was losing money for many years, and HSBC had to inject capital into SITC Bank several times.

On March 16, 1981, Standard Chartered Bank of England proposed a comprehensive acquisition of the Royal Bank of Scotland, HSBC immediately intervened and launched a fierce competition with Standard Chartered Bank, which can be said to be the outpost and prelude to HSBC's acquisition of Mittland Bank.

The reason why it is said to be the outpost and prelude to the acquisition of Mitland Bank is because HSBC did not succeed in acquiring the Royal Bank of Scotland, due to the strong xenophobic sentiment of the Scottish people, which led to the failure of HSBC's acquisition, which was also the first confrontation between HSBC and Standard Chartered Bank on the international battlefield.

Then HSBC set its sights on another bank in England, which was Mittland Bank.

Mittland Bank is also a well-known bank in England, even more famous than the Royal Bank of Scotland, he is one of the four major settlement banks in England, ranking third in terms of assets and fourth in terms of number of branches!

It is also very difficult to buy Mitland Bank, so the most important acquisition for HSBC during Shen Bi's tenure was not completed, but waited until the second year after Shen Bi's retirement for HSBC to spend 3. £8.3 billion (about HK$5.6 billion) to buy a 14.9% stake in Mittland Bank at a high price of 475 pence per share (Mitland's share price was 350p per share at the time, a 90% premium), and appointed two directors to add to the board of directors of Mitland Bank, taking the most important step in the journey to acquire Mitland Bank.

The two banks also agreed that HSBC would not be able to change its stake in Midland Bank for the next three years, and the final closing price of the acquisition would be based on the bank's net asset value for the year.

Although this acquisition was completed under the auspices of Pu Weishi, the deployment of this strategy has always been done by Shen Bi, so when outsiders talk about this matter, they will put more credit on Shen Bi's head than on Pu Weishi.

Naturally, Pu Weishi also has some thoughts about this, and he also wants to make some important breakthroughs when he is in office.

Just after the news of Yiwang Group's acquisition of the shares of Standard Chartered Bank came out, Pu Weishi thought that this might be an opportunity for himself, so he has been paying attention to the situation of Standard Chartered Bank.

Unlike HSBC, which is a public company, and the bank's Taipan is also elected by shareholders, Standard Chartered Bank has always been a business of the Henderson family.......

Ryan Henderson was sitting in his office at this time.

"If you can get me back to the position of chairman of Standard Chartered Bank, Standard Chartered Bank is willing to be like Hang Seng Bank!"