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The reason why Xu Cun chose to acquire Standard Chartered Bank at this time is not only because Xu Cun has a lot of money, but also because there are three extremely important reasons behind this:

The first reason is that now is the best time to buy Standard Chartered Bank. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

Robles, the chairman of the board of directors of Standard Chartered Bank, was not appointed by the majority shareholders, but was promoted to chairman of the board because of his previous performance in the position of chief executive officer, which led to the support of the majority of shareholders at the general meeting.

CEO Bonnart is the CEO backed by the Goldtown family.

Robles, the chairman of the board, and Bonut, the chief executive, have a big disagreement over the direction of Standard Chartered's business – and they have a heated debate over whether to issue new shares to the market.

Bonet hopes to increase the capital of Standard Chartered Bank by issuing new shares, thereby accelerating the group's global expansion. But according to Robles, chairman of the board, the main reason for Standard Chartered's recent sluggish earnings is due to its rapid expansion. For example, Standard Chartered Bank acquired the Union Bank of California in the United States and took the opportunity to enter the Brazilian and Venezuelan markets, but instead of opening new markets quickly, Standard Chartered Bank suffered heavy losses in the US market, which greatly dragged down the overall profitability of Standard Chartered Bank.

In recent years, Standard Chartered's main source of profit has actually been from mature markets such as Xiangjiang and Southeast Asia, which have been operating for hundreds of years. Therefore, in Robles's view, Standard Chartered's current focus should not be on continuing to expand in a disorderly manner, but on the in-depth development of the existing market.

The fierce infighting between the chairman and the chief executive has delayed Standard Chartered from coming up with new ways to improve the company's performance, resulting in a sluggish profit in the last two years, with profits not even exceeding £1 million in the last three quarters. As a result, not only did Standard Chartered's dividends drop sharply, but even its stock price continued to be sluggish. As a result, many shareholders, including Standard Chartered's largest shareholder, the London Union of Unemployment and Pension Relief Funds, are interested in selling Standard Chartered Bank's shares at a high price.

The second reason is that if Xu Cun does not buy Standard Chartered Bank now, the potential of Standard Chartered Bank will drop by at least one-third by next year.

In the last life, the main reason why Standard Chartered Bank was not as good as HSBC, and was even lagged far behind by HSBC, was that in 1987, Standard Chartered Bank sold all 39 percent of its shares in Standard Bank, making Standard Bank a bank with a South African background, and causing Standard Chartered Bank to cut off its own arm, South Africa is the largest and strongest economy in Africa. In the last century, the historic Standard Bank eventually developed into the largest commercial bank in South Africa and Africa as a whole. As at 30 June 2007, Standard Bank had total assets of approximately US$162 billion, the largest in Africa, and the 106th largest in the world and the largest in Africa in terms of Tier 1 capital. In addition, from 2001 to 2002, when the Internet industry was at its lowest, South Africa's MIH Millard International Holdings Group, which had acquired 45.5% of Tencent's shares from the main founders of PCCW, IDG and Tencent, became Tencent's largest single shareholder, and was a wholly-owned subsidiary of South Africa's Naspers Limited, a subsidiary of Standard Bank.

The third reason, and the most important reason, is that if Xu Cun does not buy Standard Chartered Bank now, he will never want to buy Standard Chartered Bank.

In October 1984, the collapse of Johnson Matthew Bank Limited (JMB Incident) caused an international sensation in the United Kingdom

In response to this, in November 1984, the British Secret Cutting Institute set up the Ray Pim Patton Committee, chaired by the Governor of the Bank of England, to study the issue of financial regulatory reform, and in November 1985, the British Government came forward to issue a white paper on improving and strengthening banking supervision.

The white paper proposes a new requirement that any investor must obtain approval from the Bank of England before he or she intends to acquire more than 15 percent of a stake in a British bank!

Because Xu Cun led most of the well-known figures in the industrial and commercial circles of Xiangjiang to support China on the return of Xiangjiang, the British hated Xu Cun to death from top to bottom.

Under these circumstances, how could the Bank of England approve Xu Cun's acquisition of Standard Chartered Bank?

Fortunately,

It will not be until May 15, 1987, that the UK will replace the Banking Act 1979 with the Banking Act 1987, which states that "any investor who intends to acquire more than 15 per cent of the shares of a Bank of England must obtain the approval of the Bank of England!" "The Banking Act 1987 will not come into force until it is passed.

All in all, Xu Cun's acquisition of Standard Chartered Bank to create the world's largest private bank is now a godsend and the only opportunity.

……

Xu Cun's office.

Weng Hong, who was a little hairy by Xu Cun, couldn't help but ask Xu Cun: "Why do you keep looking at me?" ”

has been with Xu Cun for so long, how could Weng Hong, who has always been smart, not see that Xu Cun is interested in her? Therefore, she was not afraid of Xu Cun!

Xu Cun continued to look at Weng Hong unscrupulously and said, "Because you are good-looking." ”

For Xu Cun's naked pursuit, Weng Hong, who has some good feelings for Xu Cun but can't accept Xu Cun's heart, hasn't thought about how to face it - after all, Weng Hong at this time is just an eighteen-year-old girl, not the Huang Jieyi, little cabbage, and palace maid Guilian who are willing to get rid of it for money and fame.

It is precisely because of this that before she made up her mind completely, Weng Hong neither stayed away from Xu Cun, nor did she give Xu Cun a chance to get close to her.

Weng Hong glanced at Xu Cun and said, "If you're okay, I'll go out first." ”

After speaking, Weng Hong made a gesture to leave.

At first, Xu Cun didn't stop Weng Hong, and let Weng Hong turn the fake walk into a real go.

It wasn't until Weng Hong walked to the door that Xu Cun said, "There is a project involving seven or eight billion US dollars, do you dare to take over?" ”

Xu Cun didn't joke with Weng Hong.

Yuan Tianfan went to the London secondary market to help Xu Cun acquire the shares of Standard Chartered Bank, so it was impossible to continue to help Xu Cun command the liquidation at Citibank's headquarters.

Honestly-

After these years of deliberate training, there are still many talents under Xu Cun who can command the liquidation.

But-

There are very few that can make Xu Cun, who is very suspicious, really feel at ease.

At present, Li Zhi has replaced Yuan Tianfan in Citibank to direct the liquidation of Citibank, and ANZ Bank is temporarily supported by Zhou Lan, and has suspended the liquidation - although Zhou Lan is smart, Zhou Lan's main attack is the military, not the economy, and Xu Cun does not want Zhou Lan, who has already mastered half of the armed forces in his hands, to contact the economy again.

Therefore, Xu Cun wanted to send someone he could rest assured to ANZ Bank to direct the liquidation.

But—

Although Xu Cun has many women, most of them will only spend money and lose, and they have no interest in making money, and a few who are a little ambitious are also developing in the film and television industry, and none of them can help him go to ANZ Bank to direct the liquidation.

Therefore, Xu Cun thought of Weng Hong, who had been regarded as a forbidden person by him and had been working hard to learn economics.

In addition, Xu Cun also wanted to tempt Weng Hong with a large amount of money that ordinary people would not even dare to think of, so that Weng Hong would give up resistance and throw himself into the arms of his Xu Cun officials.

That's why Xu Cun asked this question.

……

(To be continued.) )