Chapter 0777 Taking the initiative to withdraw is very different from being driven away

The full text will be sent tomorrow morning. Pen @ fun @ pavilion wWw. biqUgE怂 info has opened the starting point of this chapter or q_q mobile client, and when the time comes, you can press and hold the chapter name on the directory interface and download it again.

……

During the bank run in the mid-1960s, many of the banks affected were self-inflicted, because they were keen on long-term real estate mortgage business, but also directly involved in real estate speculation, not only did their liquidity dry up, but even their ability to repay was in serious trouble.

At that time, Hang Seng was already different from most Chinese-funded banks that had also transformed from traditional silver accounts, and had the characteristics of modern banks. Although it also favors the property mortgage business, it is not involved in the deeper quagmire of direct real estate speculation, and it is in good shape and has a good reputation.

But the strange thing is that the rumors surrounding Hang Sheng, like the body of the bone, can't be shaken off, and many big savers take the lead in withdrawing money.

At that time, Hang Seng absorbed a total of 720 million Hong Kong dollars in deposits, and on the highest day, 200 million Hong Kong dollars were withdrawn, and the blood bar was suddenly reduced to an extremely dangerous "killing line".

At the same time, HSBC has been very generous in saying that any bank that is having trouble withdrawing money from depositors can come to it. But there is an implicit premise that is not explicitly stated, and that is to accept some conditions.

In this way, HSBC and Standard Chartered took advantage of the fire to rob unusually rich profits. And Hang Seng ceded control of itself to HSBC at a price of 51 million Hong Kong dollars, and the rumors and runs came to an abrupt end very magically.

After HSBC acquired Hang Seng, it only sent four directors to the Hang Seng board, while other aspects, such as management, remained the same.

It can be seen that Hang Seng's operating level is recognized even by the shrewd HSBC.

In fact, when Hang Seng went public in 1972, the stock price reached a maximum of HK$290, which shows how good its management is.

Of course, this also shows more and more how strange it is for Hang Seng to sell himself to HSBC.

What Tang Sheng said was extremely true. Being mentioned by Tang Huan with great power to mention this biggest regret in his life, He Shanheng became more and more excited, and slapped the armrest of the sofa heavily, "After so many years of being a cow and a horse, it is time for Hang Seng to take advantage of the current opportunity to get rid of the clutches of HSBC." ā€

Speaking of this, Ho Shanheng sighed again, "It's a pity that HSBC's control over Hang Seng has been strengthened, and now it holds more than 60% of Hang Seng shares. ā€

Feng Jingxi took over and said, "He Sheng is the spiritual leader of Hang Seng, and he has countless disciples and grandchildren, as long as he raises his arms, he can gather in response, this is the only card in Hang Seng's hand that can be played and can threaten HSBC." But He Sheng felt that he was still not sure, so I proposed to come to Tang Sheng to have a look, maybe I could find unexpected help. ā€

Hang Seng was tightly choked by HSBC, and indeed there was no bargaining capital except for the management's picking.

Tang Huan pretended to think for a moment, and then said, "I don't know how much He Sheng knows about HSBC's internationalization strategy?"

The inside story is unknown, but it can be guessed that HSBC is very wary of the return of Hong Kong, and then desperately wants to move its headquarters to the United Kingdom. He Shanheng replied without thinking, "This is also contrary to Hang Seng's business philosophy, we don't have so many concerns, that is, we are based on the Xiangjiang River and facing the mainland." ā€

"HSBC found trouble with the Diligence and a series of troubles, and as a 'return', I acquired a 14.9% stake in the British Bank of Mittland to snipe at HSBC's internationalisation strategy. Perhaps, Hang Seng can also use this card to increase his own voice. Tang Huan looked at He Shanheng and smiled slightly, "I feel comfortable when I see that HSBC has a weak arm, so I won't prescribe any additional conditions to Hengfeng." ā€

He Shanheng's eyes lit up, "It seems that Feng Sheng is really right, Tang Sheng has never had a way here." ā€

……

Tang Huan arrived in Xiangjiang for only one day, and he met with all kinds of big people one after another, talking about some extremely complicated affairs, and he was really a little tired, so after sending away Ho Shanheng, the spiritual leader of Hang Seng who had been decided, he fell asleep directly.

In the turn of the day, Pu Weishi stepped on time and came to see Tang Huan, naturally to send money.

"Thank you for your patronage. Tang Huan said with a smile: "You will soon understand that my work has saved a lot of effort in HSBC's plan to fully acquire Ocean Bank of America." ā€

After listening to Tang Huan's cool words, Pu Weishi swallowed his anger and asked with a cold face: "In addition to your own 14.9% stake in Midland Bank, there are other partners who are also involved, right?"

"HSBC has a knack for gathering intelligence. Tang Huan was slightly surprised.

Forces, including the female ship king Christina and the Kuwait Investment Authority, did also sweep up some shares of Midland Bank, but Tang Huan did not need to say it to Pu Weishiming.

"It's too greedy, it's not good!" Purvis threatened, "Like, your intentions with BP?"

"Do you mean that the Kuwait Investment Authority is trying to buy BP?" Tang Huan flatly denied: "HSBC is enough for me to worry about, so I didn't have the leisure to participate in this matter." ā€

Seeing that Tang Huan said so surely, Pu Weishi couldn't help but have a trace of disappointment on his face, and originally planned to use this incident to knock Tang Huan in order to snatch back some initiative from the other party, but it failed.

Tang Huan teased mercilessly: "HSBC can't let go of Midland Bank, so let's make it clear, there's no need to find other chips, it will only be a waste of time." ā€

Pu Weishi let out a sullen breath and asked in a deep voice, "Okay, what kind of price are you going to offer before you are willing to give up all the shares of the Midland Bank and promise not to interfere with it again?"

"The problem is more complicated, in addition to the fact that the offer will not be lower than the Ocean Bank deal, there are also new players who want to set a precondition before the negotiations can begin. Tang Huan said leisurely.

"Insatiable guy, don't sell it, let's talk about it. Puvis urged impatiently.

Tang Huan turned his head sideways and asked the assistant, "Is that distinguished guest here?"

"He Sheng has arrived. The assistant respectfully asked, "Shall I invite him over?"

Tang Huan bowed slightly, and glanced at Pu Weishi, "I hope some people won't be too surprised." ā€

Not to mention the surprise, when he saw He Shanheng walking in, Pu Weishi, who immediately guessed the reason, was simply angry, and without waiting for the other party to sit down, he roared: "The hand of the richest man, has it crossed the line." Even HSBC's internal affairs want to interfere?"

The full text will be sent tomorrow morning. If you have opened the starting point of this chapter or the q_q mobile client, you can press and hold the chapter name on the directory interface to download it again.

……

During the bank run in the mid-1960s, many of the banks affected were self-inflicted, because they were keen on long-term real estate mortgage business, but also directly involved in real estate speculation, not only did their liquidity dry up, but even their ability to repay was in serious trouble.

At that time, Hang Seng was already different from most Chinese-funded banks that had also transformed from traditional silver accounts, and had the characteristics of modern banks. Although it also favors the property mortgage business, it is not involved in the deeper quagmire of direct real estate speculation, and it is in good shape and has a good reputation.

But the strange thing is that the rumors surrounding Hang Sheng, like the body of the bone, can't be shaken off, and many big savers take the lead in withdrawing money.

At that time, Hang Seng absorbed a total of 720 million Hong Kong dollars in deposits, and on the highest day, 200 million Hong Kong dollars were withdrawn, and the blood bar was suddenly reduced to an extremely dangerous "killing line".

At the same time, HSBC has been very generous in saying that any bank that is having trouble withdrawing money from depositors can come to it. But there is an implicit premise that is not explicitly stated, and that is to accept some conditions.

In this way, HSBC and Standard Chartered took advantage of the fire to rob unusually rich profits. And Hang Seng ceded control of itself to HSBC at a price of 51 million Hong Kong dollars, and the rumors and runs came to an abrupt end very magically.

After HSBC acquired Hang Seng, it only sent four directors to the Hang Seng board, while other aspects, such as management, remained the same.

It can be seen that Hang Seng's operating level is recognized even by the shrewd HSBC.

In fact, when Hang Seng went public in 1972, the stock price reached a maximum of HK$290, which shows how good its management is.

Of course, this also shows more and more how strange it is for Hang Seng to sell himself to HSBC.

What Tang Sheng said was extremely true. Being mentioned by Tang Huan with great power to mention this biggest regret in his life, He Shanheng became more and more excited, and slapped the armrest of the sofa heavily, "After so many years of being a cow and a horse, it is time for Hang Seng to take advantage of the current opportunity to get rid of the clutches of HSBC." ā€

Speaking of this, Ho Shanheng sighed again, "It's a pity that HSBC's control over Hang Seng has been strengthened, and now it holds more than 60% of Hang Seng shares. ā€

Feng Jingxi took over and said, "He Sheng is the spiritual leader of Hang Seng, and he has countless disciples and grandchildren, as long as he raises his arms, he can gather in response, this is the only card in Hang Seng's hand that can be played and can threaten HSBC." But He Sheng felt that he was still not sure, so I proposed to come to Tang Sheng to have a look, maybe I could find unexpected help. ā€

Hang Seng was tightly choked by HSBC, and indeed there was no bargaining capital except for the management's picking.

Tang Huan pretended to think for a moment, and then said, "I don't know how much He Sheng knows about HSBC's internationalization strategy?"

The inside story is unknown, but it can be guessed that HSBC is very wary of the return of Hong Kong, and then desperately wants to move its headquarters to the United Kingdom. He Shanheng replied without thinking, "This is also contrary to Hang Seng's business philosophy, we don't have so many concerns, that is, we are based on the Xiangjiang River and facing the mainland." ā€

"HSBC found trouble with the Diligence and a series of troubles, and as a 'return', I acquired a 14.9% stake in the British Bank of Mittland to snipe at HSBC's internationalisation strategy. Perhaps, Hang Seng can also use this card to increase his own voice. Tang Huan looked at He Shanheng and smiled slightly, "I feel comfortable when I see that HSBC has a weak arm, so I won't prescribe any additional conditions to Hengfeng." ā€

He Shanheng's eyes lit up, "It seems that Feng Sheng is really right, Tang Sheng has never had a way here." ā€

……

Tang Huan arrived in Xiangjiang for only one day, and he met with all kinds of big people one after another, talking about some extremely complicated affairs, and he was really a little tired, so after sending away Ho Shanheng, the spiritual leader of Hang Seng who had been decided, he fell asleep directly.

In the turn of the day, Pu Weishi stepped on time and came to see Tang Huan, naturally to send money.

"Thank you for your patronage. Tang Huan said with a smile: "You will soon understand that my work has saved a lot of effort in HSBC's plan to fully acquire Ocean Bank of America." ā€

After listening to Tang Huan's cool words, Pu Weishi swallowed his anger and asked with a cold face: "In addition to your own 14.9% stake in Midland Bank, there are other partners who are also involved, right?"

"HSBC has a knack for gathering intelligence. Tang Huan was slightly surprised.

Forces, including the female ship king Christina and the Kuwait Investment Authority, did also sweep up some shares of Midland Bank, but Tang Huan did not need to say it to Pu Weishiming.

"It's too greedy, it's not good!" Purvis threatened, "Like, your intentions with BP?"

"Do you mean that the Kuwait Investment Authority is trying to buy BP?" Tang Huan flatly denied: "HSBC is enough for me to worry about, so I didn't have the leisure to participate in this matter." ā€

Seeing that Tang Huan said so surely, Pu Weishi couldn't help but have a trace of disappointment on his face, and originally planned to use this incident to knock Tang Huan in order to snatch back some initiative from the other party, but it failed.

Tang Huan teased mercilessly: "HSBC can't let go of Midland Bank, so let's make it clear, there's no need to find other chips, it will only be a waste of time." ā€

Pu Weishi let out a sullen breath and asked in a deep voice, "Okay, what kind of price are you going to offer before you are willing to give up all the shares of the Midland Bank and promise not to interfere with it again?"

"The problem is more complicated, in addition to the fact that the offer will not be lower than the Ocean Bank deal, there are also new players who want to set a precondition before the negotiations can begin. Tang Huan said leisurely.

"Insatiable guy, don't sell it, let's talk about it. Puvis urged impatiently.

Tang Huan turned his head sideways and asked the assistant, "Is that distinguished guest here?"

"He Sheng has arrived. The assistant respectfully asked, "Shall I invite him over?"

Tang Huan bowed slightly, and glanced at Pu Weishi, "I hope some people won't be too surprised." ā€

Not to mention the surprise, when he saw He Shanheng walking in, Pu Weishi, who immediately guessed the reason, was simply angry. (To be continued.) )