HSBC completely left its rival Standard Chartered Bank behind and became the well-deserved hegemon of Hong Kong's financial industry, in fact, it was more than 30 years after the war. One of the most important reasons for HSBC's rapid growth in the last three or four decades is that it has seized the opportunity of Hong Kong's industrial rise.

For a long time, Chinese bosses in Hong Kong simply couldn't go into a big British bank like HSBC to seek a loan. But HSBC was the first to let go of his own figure, for example, the reason why Bao Yugang was able to become the world's ship king was inseparable from the strong support of HSBC's predecessor Sir Sandas.

As early as the 60s, when Shen Bi was the director of the accounting department of HSBC, he began to vigorously support the development of Chinese enterprises. In the early days of Hong Kong's industrialization, industries such as plastic flowers, flashlights, toys, textiles, and wigs were all supported by a large amount of credit from HSBC. HSBC has also made huge profits in the rapid development of Hong Kong's industry.

Capital is profit-seeking, so HSBC doesn't have any country-specific circumstances. Li Ka-shing acquired Hutchison Whampoa, Pao Yu-gang acquired Wharf and Wheelock, and Lee Chiu-kee acquired Towngas. Chinese Capital pocketed British-funded companies one after another, and behind them were HSBC's financial support!

However, in recent years, in the process of rapid transformation of Hong Kong's industry to the electronics industry, HSBC's influence on Hong Kong's industry has been seriously squeezed. One of the most important reasons for this is that Oriental Group, a leading enterprise in Hong Kong's electronics industry, has chosen to cooperate with Jiahua Bank and Standard Chartered Bank.

In fact, Li Xuan also has a certain cooperation with HSBC, for example, when Oriental Group acquired RCA before, HSBC and his US subsidiary SITC Bank were one of the major credit banks. However, credit is an important tentacle for Li Xuan to guide Hong Kong's electronics industry to develop according to his wishes. Therefore, he has always consciously or unconsciously excluded HSBC, the financial czar of Hong Kong, from the sphere of influence of the Oriental system.

After several years of layout. The foundation for the development of Hong Kong's electronics industry around the computer and game industries has been basically formed, and the dominance of the Eastern Bloc in it has become unshakable. And HSBC has made a series of moves in recent years. In fact, he is constantly weakening his special influence in Hong Kong.

HSBC has long been known as a shadow central bank in Hong Kong and has many privileges. For example, HSBC is not only the issuing bank of Hong Kong dollars, but also the main correspondent bank of the Hong Kong government, and the managing bank of the Central Bills Clearing House of the Hong Kong Association of Banks.

This puts HSBC in a near-invincible position against other rivals. But as the 97 deadline approaches, HSBC, like Jardine Matheson, has already begun to actively look for a way out for itself. It's just that HSBC's management is wiser and keeps a low profile behind all its actions.

More than a decade ago, HSBC proposed a "three-legged stool" strategy, hoping to start from a regional bank. Transform into a multinational bank with Asia, the Americas and Europe as the triangular support. Therefore, as early as 1978, HSBC acquired SITC, the thirteenth largest bank in the United States, thus establishing an expansion fulcrum in the North American market.

Since then, HSBC has set its sights on Europe, first buying London-based Sambur Zhan two years ago, and extending its tentacles into the European securities market. According to the news obtained by Li Xuan, HSBC recently targeted Mittland Bank, one of the four major settlement banks in the United Kingdom.

If HSBC can successfully acquire Midland Bank, it will not only become one of the world's top 10 commercial banks, but also quietly move its headquarters from Hong Kong to London on the grounds that it will need to be subject to the supervision of the British financial authorities after the merger.

While HSBC continues to expand through overseas mergers and acquisitions. In Hong Kong, however, there has been a steady stream of strategic retrenchment. For example, HSBC is currently negotiating with the Hong Kong Government's Financial Services Division to sign a new accounting arrangement to voluntarily relinquish control and control over the settlement balances of Hong Kong's banking system.

For decades, HSBC has had the privilege of managing settlement balances. Not only did it completely control the Hong Kong interbank market, but it also made huge monopoly profits. But now in order to dilute its sense of existence, it is willing to spit out this big fat meat.

HSBC is undertaking strategic contraction in Hong Kong. It is naturally beneficial to Li Xuan. After all, there is no room for two tigers, and Li Xuan continues to expand his influence in Hong Kong. It is bound to break the old distribution of power.

But Li Xuan is also reluctant to suppress HSBC too hard, knowing that HSBC occupies 60% of the retail market in Hong Kong's banking industry. It is not an exaggeration to say that it controls the lifeblood of Hong Kong's economy. If HSBC fights back with all its might, the attack power that erupts is absolutely terrifying.

Li Xuanda naturally didn't want to really have a complete confrontation with such an opponent, so he just took this opportunity to show favor to the other party. Allowing HSBC to participate in sharing the delicious cake of Hong Kong's electronics industry at this time actually outweighs the disadvantages for Li Xuan. Because HSBC's focus in the next few years is bound to step up the deployment of retreats under the cloak of global layout, it will naturally not compete with Li Xuan for the dominance of Hong Kong's electronics industry.

By strengthening cooperation with HSBC, Li Xuan can also achieve the goal of balancing the power of Standard Chartered Bank. Jiahua Bank is absolutely controlled by Li Xuan, so he can command it easily. However, this is not the case with Standard Chartered Bank, although Li Xuan is the major shareholder of Standard Chartered and a director of the board of directors of Standard Chartered, it is difficult for him to influence the highest decision-making level of Standard Chartered.

Li Xuan is now more likely to coordinate the pace of each other by relying on his good personal relationship with Standard Chartered Hong Kong's Taipan Gorston. Gorston has been working at Standard Chartered in Hong Kong for a long time, and has always been willing to seek to return to the UK headquarters.

The reason why Goldon is friendly with Li Xuan is not only because Oriental Group is Standard Chartered's largest customer in Hong Kong, but also because he hopes that Li Xuan can help him in the board of directors of Standard Chartered. Once Gorston is transferred, Li Xuan does not know whether the successor sent by the Standard Chartered headquarters can continue to fall in love with him.

In fact, Li Xuan has always hoped that Standard Chartered Bank can list its Hong Kong subsidiary on the Hong Kong stock market independently, so that he can better control Standard Chartered Hong Kong, but the management of Standard Chartered is very wary of him, the world's richest man.

In particular, after Li Xuan's stake in Standard Chartered Bank increased to 15%, the management of Standard Chartered no longer supported him to continue to increase his stake in Standard Chartered. For fear that Li Xuan's shares are too high, he may choose to directly annex Standard Chartered in the future.

And Li Xuan, in order not to deepen the suspicion of the bank management, is against him. After increasing Standard Chartered's stake to 17.5%, it gave up on continuing to absorb shares. And he rarely speaks on the Standard Chartered board. so as not to give an aggressive image.

Therefore, the interests of Standard Chartered Bank and Li Xuan are not completely identical. Li Xuan doesn't need to support Standard Chartered. And with HSBC to the death. HSBC's own net worth is not an exaggeration, but the most important asset for a bank is the deposits it absorbs.

After counting the deposits, HSBC suddenly became a behemoth with total assets of hundreds of billions of Hong Kong dollars, and Li Xuan naturally needed to be cautious. But for Jardine Matheson, which is on par with HSBC in Hong Kong, the threat in Li Xuan's eyes is much smaller.

The reason why he took the lead in the merger and acquisition of Hongkong Land this time was to find a high-quality investment object for LH Fund and better preserve and increase the value of his wealth.

On the other hand, Li Xuan also needs to use a performance to set an example to establish his status in Hong Kong. Over the past few decades. Hong Kong's economic discourse has always been in the hands of the financial industry led by HSBC and Standard Chartered, and the real estate industry led by Jardine Matheson.

The manufacturing industry, which has really created the rise of Hong Kong's economy, has never gained much say, which is also an important reason why the Hong Kong government has not been very concerned about Hong Kong's industrial upgrading and transformation. Now that Hong Kong has entered a transitional period, the retreat of British capital has accelerated, and Chinese capital has risen rapidly.

If there is no butterfly Li Xuan, Chinese real estate developers such as Li Jiacheng, Bao Yugang, and Guo Desheng will soon take over the right to speak from British real estate developers such as Keswick and Madden. But now that Hong Kong is in a transitional period, the ruling pattern will be completely reshuffled. Li Xuan is ready to fight for enough voice for the manufacturing industry.

Hongkong Land is the best target for Li Xuan to show his strength to the whole of Hong Kong. Because Hongkong Land is not only the largest British-funded enterprise in the Hong Kong stock market, but also the largest real estate company. By forcibly acquiring Hongkong Land, Li Xuan can kill two birds with one stone, and at the same time deter the declining British-funded forces. and the rising Chinese real estate developers.

Because since he has the ability to crush the largest land company by market capitalization with funds, and trample Jardine Matheson, the oldest British-funded foreign firm in Hong Kong, under his feet, it is naturally not a problem to deal with other companies with smaller market capitalization.

To be honest, Li Xuan has not shown his vicious fangs in the Hong Kong capital market. Previously, it was the acquisition of Jiahua Bank or the acquisition of Hong Kong Telephone Company. Didn't tear their faces. Therefore, no matter how exaggerated the wealth figure above Li Xuan's head is, everyone has no intuitive cognition. Inevitably, there is a lack of awe.

And if the consortium led by Li Xuan can successfully acquire Hongkong Land, then this is bound to be the largest capital merger and acquisition in Hong Kong's history, which is enough to impress the bosses of every listed company in Hong Kong!

According to the catering department of the Hong Kong club, it is said that a brilliant chef has just been recruited from a three-Michelin-starred restaurant in Paris and can cook delicious French dishes. Shen Bi enthusiastically recommended one of the chef's specialties to Li Xuan, French baked snails.

However, Li Xuan has never been interested in challenging all kinds of exotic delicacies, and he still chose another more normal starter, French fried foie gras. The three-Michelin-starred chef is naturally impeccable, and this foie gras is fluffy and delicious.

Shen Bi on the side was holding a tweezer clamp in his left hand to hold a snail shell, and his right hand was using a fork to pick out snail meat and put it in his mouth. The whole action is very elegant, quietly showing the elegance of an English gentleman.

The topic of the two after dinner revolved around the establishment of an electronics industrial park by the Hong Kong government in Tin Shui Wai, Yuen Long. The strategy committee led by Hon Chung Sze-yuen completed the preliminary investigation of the Tin Shui Wai Electronics Industrial Park in just three months.

The final report he submitted to the Hong Kong government naturally strongly supported the early start of construction of the industrial park. And Li Xuan and Hong Kong Governor Sir Youde have already reached an exchange of interests, ATV no longer criticized the Legislative Council election, and the Hong Kong government now naturally has no reason to continue to set up obstacles to the Tin Shui Wai Industrial Park.

The establishment of the Tin Shui Wai Industrial Park means that a new round of large-scale industrial investment in Hong Kong is about to be launched. And Li Xuan has just made it clear that the Oriental Group is willing to support HSBC's entry into the Hong Kong electronics industry. Therefore, Shen Bi naturally hopes that HSBC can obtain a lot of benefits in this round of industrial layout around Tin Shui Wai Industrial Park.

Li Sheng, it is said that Dongfang Semiconductor Company, a subsidiary of the Oriental Group, intends to build a large-scale chip packaging and testing plant in the soon-to-be-launched Tianshuiwei Industrial Park. I don't know if Dongfang Semiconductor has a credit need, but we at HSBC are willing to provide the most preferential credit support for this project!" Shen Bi asked tentatively.

"I, the major shareholder of the Oriental Group, have been a little unresponsible recently, and I really don't know how far this project has progressed, so I can't answer you right now! But I will convey HSBC's kindness to Mr. Zhang Zhongmou of Oriental Semiconductor as soon as possible, and ask him to send someone to negotiate with HSBC!"

Li Xuan shook his head embarrassedly and said, then suddenly he remembered something, and after a pause, he continued to speak, "But I happened to hear a few days ago that another project that intends to settle in Tianshuiwei Industrial Park, and the financing negotiation does not seem to be going well.

Seagate Technology, one of the main suppliers of hard drives for ABC series computers, is interested in investing in a new factory in Hong Kong with an annual production capacity of 1 million 5.25-inch hard drives. It had hoped to get financing from Citibank, but it had not been able to negotiate it. If you are interested, you may wish to get in touch!"

Since Li Xuan was ready to release his goodwill, he simply sold it and revealed another new news. Oriental Group holds a partial stake in Seagate Technology, and its move to Hong Kong to build a factory is also the result of Oriental Group's efforts.

"The Federal Reserve is in the midst of a rate hike cycle, and the recent sharp depreciation of the US dollar is indeed not good news for US companies' outbound investment activities! The cost of human resources here is much lower than that of the United States and Europe, and it is a wise choice for computer accessories companies to build factories in Hong Kong!" Shen Bi nodded and analyzed.

Except for the first few minutes, the topic of communication between the two did not involve Hongkong Land again. The only concern HSBC has is that after Hongkong Land is acquired by Li Xuan and others, it will completely become a customer of Standard Chartered and Jiahua banks, thus losing an important customer for HSBC.

As long as HSBC's existing interests are not harmed, it doesn't matter to Shen Bi whether Hongkong Land's owner is Chinese or British. And Li Xuan's goodwill tonight is enough to show that he has no intention of targeting HSBC. Otherwise, Li Xuan would not have expressed to him his willingness to strengthen cooperation between the Oriental Group and HSBC. Because the market of Hong Kong's electronics industry is far more important than Hongkong Land......, a real estate company!