Chapter 645

Mr. Li and Mr. Puvis have rejected Li Ka-shing's invitation, saying that Victor has been entrusted by the Kadoorie family to be its operational adviser in charge of the acquisition of Grand Hotel Group. Although the two acquisitions are independent of each other, it is not convenient for the company to participate in actions that are detrimental to the interests of the Kadoorie family until the completion of the merger of the Grand Hotel Group!

But he also revealed to Li Ka-shing that HSBC's credit to the Kadoorie family will only be limited to the premise that the risk is controllable, which means that HSBC cannot be infinitely involved in the equity competition of China Power Company!" Yang Lingjun said with a smile as soon as he walked into Li Xuan's office.

"His reaction was not surprising to us, given that the Kadoorie family is a core customer of HSBC. Previously, the Jardine Matheson Group was stuck in the back, and HSBC can also explain it with special circumstances. But if this kind of thing happens again and again, it will definitely shake the trust of other customers in HSBC!

What's more, only by supporting Kadoorie can HSBC's interests be maximized! As the financial adviser of the two acquisitions, the Kadoorie family thinks that the consulting fees charged by the Kadoorie family are not cheap! Moreover, the Kadoorie family has no cash on hand and can only use fixed assets or equity to make mortgage loans, which is another big business for HSBC!

Even if the Kadoorie family is swept away from the two listed companies, HSBC, as a creditor of the equity pledge, can continue to bargain with Li Jiacheng and these new controllers!" Li Xuan put the signed stack of documents to the side, got up from the executive chair, walked to the other sofa opposite Yang Lingjun and sat down.

"Although we have won the benefits, we have lost face! We Jiahua just took the opportunity to defeat HSBC this time to tell the bosses of Hong Kong and Kowloon that the banking industry in Hong Kong and Kowloon has changed!" Yang Lingjun was full of pride when he said this.

These two huge mergers and acquisitions that shook the entire Hong Kong capital industry are, to some extent, actually the first hard-to-head confrontation between Jiahua and HSBC. For securities firms and banks, such large-scale mergers and acquisitions are among the most lucrative businesses.

However, no matter whether their own side succeeds or fails in their actions, they will not be less expensive for the banks and securities companies involved! However, those potential customers are obviously more willing to choose the winner to serve themselves! If the Jiahua Group can smoothly help Li Jiacheng and Liu Yuenxiong to seize control of the CLP Company and the Grand Hotel Group from the Kadoorie family, it will undoubtedly step on the stepping stone of HSBC and become the new king of Hong Kong's financial circles!

At the same time that these two mergers and acquisitions were in full swing, the merger between Jiahua and Hong Kong's Standard Chartered seemed to be a bit unsettling! Theoretically speaking, this was also a merger and acquisition. It's just that unlike the other two hostile mergers and acquisitions, this is a bona fide merger and acquisition that both shareholders agree to!

"We have reached an agreement with Standard Chartered Group to take over its entire equity in Standard Chartered Hong Kong by way of cash acquisition! After the completion of the merger, we will no longer continue to have the authorization of the 'Standard Chartered' brand in Hong Kong! At the same time, Standard Chartered Group has the right to re-launch financial business in Hong Kong in the name of Standard Chartered Hong Kong after the signing of the agreement in December!" Yang Lingjun reported to Li Xuan the latest progress of his negotiations with Standard Chartered Group.

At the beginning, Li Xuan took advantage of the hostile takeover of Standard Chartered by Rice Bank and used his equity to support the current management as a condition, forcing Standard Chartered Group to agree to separate Standard Chartered Bank's business in Hong Kong and list it on the Hong Kong Stock Exchange. Of course, listing is not Li Xuan's real goal, his ultimate goal is to take full control of the newly split Hong Kong Standard Chartered.

According to the agreement between Standard Chartered Hong Kong and its parent company, Standard Chartered Group, Standard Chartered Group cannot carry out any financial activities in Hong Kong in a form other than that of Standard Chartered in Hong Kong! However, after Standard Chartered Hong Kong was independently listed, the control of the company was in the hands of Li Xuan.

In recent years, Li Xuan has been using various reasonable financial means to greatly reduce the profitability of Hong Kong Standard Chartered, so that Standard Chartered Group can get almost zero dividends from Hong Kong Standard Chartered!

Despite the fact that Hong Kong is just a small place, in fact, whether it is Standard Chartered Bank or HSBC, its business in Hong Kong has always been one of the most important sources of profit. After losing revenue from Hong Kong, Standard Chartered's financial statements in recent years have suddenly become much more ugly.

After being tortured by Li Xuan for several years, Standard Chartered Group saw that it was difficult to regain control of Standard Chartered in Hong Kong, and finally agreed to Li Xuan's acquisition proposal and was willing to sell the equity of Standard Chartered in Hong Kong in exchange for the opportunity to regain independence in the Hong Kong market. In this way, they can at least get back the "Standard Chartered" brand that is deeply rooted in Hong Kong, after all, Standard Chartered Bank has been operating in Hong Kong for nearly 150 years since its inception.

"Since they are reluctant to give up the 'Standard Chartered' signboard, then just give it back to them! But it is not easy for Standard Chartered to start over in Hong Kong!" Li Xuan shook his head and said.

In fact, the smooth development of HSBC and Standard Chartered in Hong Kong is inseparable from Hong Kong's status as a British colony. Therefore, after the reality that Hong Kong is about to return to the motherland cannot be changed, HSBC has also begun to take the initiative to remove Hong Kong's identity as a "shadow central bank" and began to actively arrange for retreat.

Doesn't HSBC know that Hong Kong is their most important profit point? The large-scale contraction and retreat of British capital is actually completely forced to helpless. Because after the return of Hong Kong, it is impossible to provide them with a special status where they can easily make money!

After Standard Chartered Group was pitted by Li Xuan, its losses were much heavier than HSBC's. For example, Standard Chartered and HSBC were originally one of the Hong Kong dollar note-issuing banks, and after the independent split and listing of Standard Chartered in Hong Kong, the right to issue notes was inherited by Standard Chartered Hong Kong.

Next, if Jiahua and Hong Kong Standard Chartered complete the merger, the right to issue notes in Hong Kong Standard Chartered will naturally be inherited by Jiahua Bank, and it is impossible to transfer it back to Hong Kong Standard Chartered, which was re-established a year later!

In other words, all the businesses of Standard Chartered in Hong Kong will be swallowed up and digested by Jiahua Bank. Standard Chartered Hong Kong, which was revived a year later, is no different from other foreign banks that have just entered the Hong Kong market, except for a century-old signboard. However, the current situation in Hong Kong is that there are more banks than rice shops, and the competition in the banking industry is extremely fierce. If Standard Chartered wants to start all over again, it can be said that it is difficult to climb to the sky!

"Previously, we had been spraying the Hong Kong government's 'active non-intervention policy', which made Hong Kong miss the best time window for industrial upgrading and transformation. But from some angles, this policy of the Hong Kong government can also save us a lot of trouble! For example, we can just use it to silence the banking supervision office this time, and the Hong Kong government cannot selectively 'actively not intervene'!" Yang Lingjun said with a smile.

Because of Li Xuan's previous remarks, the relationship between the Eastern Bloc and the British authorities in Hong Kong is not so harmonious. And the merger of two big banks, such as Jiahua Bank and Standard Chartered Bank, is unlikely to completely shake off the Hong Kong authorities.

According to the practice in Europe and the United States, the merger of two companies that occupy a significant share of the market like this will definitely be subject to a monopoly review. But so far, Hong Kong has no anti-monopoly laws at all.

Otherwise, Hong Kong is a colony, and the British rule here for more than 150 years is not based on the law of the people, but on the rule of the Governor-General!

If the British are single-mindedly only engaged in dictatorship, Li Xuan really can't help it, after all, the Governor of Hong Kong is still the legitimate ruler of Hong Kong. But the British can't bear the loneliness now, and they want to play a democratic-lord game in Hong Kong before they get out. Rich people like Li Xuan naturally like the democrat the most, because the powerful legal department of the Eastern Bloc is very good at how to ensure that their democratic-sovereign rights and interests are not infringed upon!

"After all, the Office of the Superintendent of Banking is an official institution, and if it wants to forcibly hold on to us, it is really impossible for us to complete our mergers and acquisitions immediately! Therefore, in order to avoid long nights and dreams, we can first sign a memorandum of understanding with legal effect with Standard Chartered Group. If the other party wants to take the opportunity to regret it, the liquidated damages must be so high that they are afraid!

And if our merger is dragged on all the time, the biggest beneficiary will undoubtedly be Jiahua's biggest competitor - HSBC! You can make a plan with Asia Entertainment in advance, as long as the wind direction is slightly wrong, you will immediately splash dirty water on HSBC's head!

The 'Governor of Hong Kong' and the Governor of Hong Kong have used filthy gold dollar transactions to persecute law-abiding Chinese-funded enterprises! Such explosive news will certainly arouse the attention of the whole Hong Kong society, and I am worried that there is no way to completely burn the British at the stake!

And you should pay more attention to the movements of the Kadoorie family in the future, if they only use conventional routines, it will definitely be difficult to fight to win Liu Nguyen Hung and Li Jiacheng! After all, it is necessary to fight for shares, and the biggest problem of the Kadoorie family is that there is not enough money! Their only chance to turn the tables is to use some unconventional means!

For example, if the Hong Kong government intervenes, even if we can't let the two mergers and acquisitions fall through directly, as long as we can buy them some breathing time, it may bring about great variables! After all, both the CLP Company and the Grand Hotel Group are very high-quality assets! If the Kadoorie family finds a white knight from outside, then even if we succeed in the acquisition, the price we will pay will be much greater!" Li Xuan said very calmly.

Li Xuan is not afraid that the Hong Kong government will use administrative means to forcibly create trouble for himself, because as long as he is caught with any handle, the newspapers, magazines, and television stations under the Asian Entertainment Group can completely destroy the prestige of the British authorities in Hong Kong.

As mentioned before, Li Xuan did not personally go hunting the Kadoorie family. Even if the competition for Grand Hotel Group and CLP fails, the real losers will only be Li Ka-shing and Liu Nguyen Hung. And once this kind of forced defeat occurs, it is enough for the Chinese capital in Hong Kong to recognize the true face of the British authorities in Hong Kong.

This is a great thing for Li Xuan to unite Chinese capital and wrestle with the British together!