In the afternoon, Chen Hui held a board video conference in the conference room of Temasek Tower, where Chen Hui briefly discussed with the other directors the future business strategy of Standard Chartered Bank!

And at this moment, in an apartment in Singapore, He Guangzhen looked at his wife and daughter with guilt on his face, this time he lost 270 million Hong Kong dollars by going long on the Hang Seng Index!

After returning the remaining $5 million to the bank credit card, he is currently in debt of $30 million, which he has completely repaid!

He can be said to be penniless at the moment!

And his daughter He Jingting used her company to guarantee him to borrow $20 million from UOB, which means that UOB will find her daughter He Jingting to ask for a loan of $20 million!

At this time, He Jingting said with a sad face: "Dad, why did you lie to me?", this time she was miserable by her father, and the loan of 20 million US dollars was enough to make her cross-border e-commerce company go bankrupt!

Now her company still has a large amount of inventory, and the company's liquid cash is less than $4 million, and she can afford the $20 million loan!

And there are $10 million in loan sharks!

Now someone is coming to collect debts, but the family is terrified!

He Guangzhen said with a look of shame: "It's Dad, I'm sorry for you!"

"Alas, I'm really not human!" said He Guangzhen and slapped himself a few times!

···

Soon the family cried, and after a long time, He Jingting said: "I'll think of a way again!"

"Let's pay back this loan shark first!"

She plans to borrow a few million more dollars from her uncle, He Guangzhen's family, and then scrape together to repay the loan shark first, as for the short-term loan of $20 million from UOB, it will be repaid slowly!

Her company has also had problems recently, because of Amazon's policy problems, several stores in her company may be frozen by Amazon!

He Guangzhen said gratefully: "Xiaoting, Dad swears never to play stock index futures again!"

··

At 8 o'clock in the evening, the spokesperson of Standard Chartered Bank held a press conference to announce the formation of Standard Chartered Bank Holding Company!

Standard Chartered Bank Holdings is a financial group that integrates commercial banking, investment banking, insurance, mutual funds, securities trading and many other financial services.

Standard Chartered Bank became the core subsidiary of Standard Chartered Bank Holding Company, and Standard Chartered Bank exchanged its own shares for the shares of its holding company, Standard Chartered Bank Holding Company!

At present, the assets of Standard Chartered Bank account for 95% of the assets of the entire holding company, but it will decrease in the future!

The chairman and president of Standard Chartered Bank are also the chairman and president of Standard Chartered Holdings.

After the merger of Standard Chartered Bank, DBS Bank and United Overseas Bank, the total assets are as high as 1.05 trillion US dollars, 100 million customers in 80 countries, and the issuance of about 60 million credit cards.

Abbreviated as Standard Chartered Group!

Standard Chartered Group has a total of 13 subsidiaries, including Standard Chartered Bank, Standard Chartered Securities, Standard Chartered Investment Bank, Standard Chartered Trust Company, Standard Chartered Insurance Company, Standard Chartered Financial Leasing, · and other financial services.

Standard Chartered Bank has $1 trillion in assets, while other subsidiaries have $50 billion in assets!

Standard Chartered Group's business scope mainly includes: personal retail banking, industrial and commercial enterprise banking, investment banking, private banking, trade finance services, cash management, property and capital market services, insurance, consumer and commercial financing, pension fund and investment fund management, trust services, securities custody services, etc.

The Standard Chartered Board of Directors consists of 60 directors, 25 of whom are from outside the Group. The Board of Directors consists of the Administrative Committee, the Audit Committee, and the Asset and Liability Management Committee.

The Executive Committee operates as a general management committee under the authority of the Board of Directors and meets regularly

The Audit Committee, comprising six non-executive Directors, meets regularly with the Group's senior management and external auditors to consider and review the effectiveness of the Group's financial statements and internal management and control systems. The Asset and Liability Management Committee is responsible for inspecting and assessing the Group's operating performance, asset and liability quality and corresponding risk control.

The Executive Board of Directors of the Group is also the Chairman of the Board of Directors of its subsidiaries, and the Board of Directors of each subsidiary is composed of designated directors of the Group. The headquarters of the group mainly has personnel, finance, auditing, legal and other departments, and the staff is streamlined.

In addition to its main financial business, Standard Chartered Group will also operate the property and shipping industries.

A set of characteristic corporate governance structures has also been made: (1) "son before father" is established in reverse order and banks occupy a core position. The group is formed according to the formation model of "first son, then Lao Tzu"!

At the same time, branches around the world implement integrated operations, and Standard Chartered Bank has become a commercial bank under the Standard Chartered Group, and its business is a traditional strong business!

Standard Chartered Investment Bank is the investment banking arm of Standard Chartered Group, so insurance, trust·· and other businesses account for a smaller proportion.

(2) The hierarchical management is clear, and the subsidiaries are completely independent in operation and independent accounting. The Group does not interfere in its daily business activities, and is only responsible for the management matters such as personnel, finance, revenue, major investment, internal audit, risk supervision, etc., as well as policy and business guidance for the directors and nominated general managers assigned to the subsidiary. For example, the audit department and the chief financial officer (CFO) should conduct regular inspections of each subsidiary and put forward suggestions for improvement, and the CFO of Standard Chartered Group should also conduct regular assessment and business guidance for the CFO of local branches.

(3) The main function of the group is supervision and management, and it does not engage in operation, but has investment functions.

The group is not engaged in the operation of subsidiaries, and is mainly responsible for acquisitions, mergers, transfers and changes in the equity structure of subsidiaries, coordinating internal resource sharing to form a joint force and investment in new areas, etc., but the acquired and merged companies and newly invested companies are independent operations and independent accounting.

(4) The parent company of Standard Chartered Bank (Standard Chartered Group) is a listed company, and the decision-making level has widely recruited outsiders to join. Standard Chartered Bank Group is listed in London and Mansion Xiangjiang respectively, and at the same time, the decision-making level of the board of directors has widely absorbed people with social experience as non-executive directors, and the executive directors within the group account for only a small number of board members. The executive director of the Group has a clear division of labor, and the deputy of the executive director of the group is also the chairman of the subsidiary, which is convenient for the implementation of the resolutions of the board of directors and the improvement of operational efficiency.

(5) The person in charge of the financial, auditing, risk and other management departments of the group's subsidiaries shall implement a management system under the dual leadership of the parent company and the subsidiary, with the subsidiary as the mainstay. The subsidiary is a business entity, and the person in charge of the management department performs the duties of the company, but is subject to the assessment and supervision of the group.

Today, the world has been shocked by Standard Chartered Bank many times!

At this time, major Asian media have reported the news of the establishment of Standard Chartered Group (Standard Chartered Bank Holding Company)!

"The establishment of Standard Chartered Group means that there is another giant financial group in the world!"

"Standard Chartered shares will skyrocket at the opening of tomorrow Monday!"

"I don't know how Goldman Sachs, UBS, Citigroup, Mo'Geng' Chase Group, and Sumitomo Mitsui Financial Group view the newly established Standard Chartered Group, after all, their opponents are getting stronger step by step!"