Chapter 0779 HSBC was kicked out of Xiangjiang by the richest man Tang
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……
HSBC's "new accounting arrangement" card fully reflects the privilege it once enjoyed, that is, the control, control and interest-free use of the settlement balance of the entire Hongkong banking system.
Why is this rich man so bullish? It is by relying on such privileges and a complete set of defense systems, including that the shareholding ratio cannot exceed 1 percent, that he has cultivated to the realm of incorruptibility.
It can be said that as long as HSBC does not die, it will not die, and the factors that can affect it are estimated that the only risks are at the political level, and it is still dealing with a subject like China that has its own set of values and codes of conduct.
Even so, HSBC can manage to retreat from Xiangjiang in an orderly manner.
But it really did its job -- it tried in every possible way to kick out Tang Huan and Qinhe, who had infiltrated the British Far East business interests, and also launched a full-scale attack in the second half of 1987, but the whole plan fell through and the vitality was greatly damaged.
HSBC once comforted itself that it was caught off guard by being diligent, and in order to protect itself, it raised money everywhere, and life was not good.
Unexpectedly, Tang Huan stabbed him twice, not only successfully drew blood and recovered his losses, but also seemed to have made a lot of money.
In this case, HSBC, which has been running out of water, is not in the ordinary pain of deciding whether to give up the privileges involved in the "new accounting arrangement".
After all, in just a few months, billions of dollars have been spit out at once, and even though HSBC has a heritage of hundreds of years, it can't bear it anymore, and naturally becomes more and more nostalgic for any privileges in its hands, so that it can "replenish" itself when it is currently weak.
Although the road to internationalization will inevitably lead to the abandonment of these privileges sooner or later, the specific rhythm is naturally left to HSBC, the person concerned, to consider how to move forward as appropriate, but it is a pity that it has forced itself into a corner.
Tang Huan smiled and sent over two plates of carefully prepared dishes - the American Ocean Bank and the British Bank of Mittland, which not only made HSBC extremely painful to send "labor fees", but also accelerated the pace of HSBC's internationalization in disguise.
Correspondingly, HSBC's relinquishment of privileges can no longer be delayed according to its own actual needs – a few more days of privileges may be overwhelmed by acquisition competitors on the British side.
In addition, although the Hong Kong government ignored HSBC's business mistakes that caused losses to shareholders, and even some Chinese elites stood up to oppose it, the pressure of public opinion should not be underestimated.
At this moment, HSBC can no longer ignore it arrogantly, and must make a statement. The "new accounting arrangement" can quickly quell public discontent and divert public attention.
No matter how difficult it was, HSBC finally chose to take this step, which made Tang Huan praise the other party with admiration, "It's not simple, I really know how to choose." ”
Zhou Mi said: "In this way, it is of little significance for the HSBC minority shareholders crusade group you organized to continue." It's pretty much the biggest compromise HSBC can make, not to mention that it has some die-hard fans. ”
"It doesn't matter. Tang Huan saw it very openly, "The run on HSBC and the crusade against HSBC are for everyone's interests, while the hijacking of the American Ocean Bank and the British Midland Bank halfway is for our own interests." The two can be juggled to such an extent, what is there not to be satisfied with. ”
"From now on, HSBC can no longer cover the sky in Heung Kong as before, and we can finally breathe a sigh of relief. It's just that although HSBC has suffered a lot of vitality, it has also been promoted by you in disguised internationalization, and it will not develop and suffer from it in the future, right?"
Tang Huan laughed disapprehantly, "Internationalization is not a smooth road, HSBC, which has given up its privileges, although it is still the boss in Xiangjiang, but in the United Kingdom and even the world, it is an ordinary commercial bank, and it is difficult to predict whether it can survive the turbulent waves of the transition period." ”
Speaking of this, Tang Huan's eyes flashed, "Even if HSBC succeeds in internationalization, it will be at least a few years later, and who can say for sure what will happen in the future." ”
At this time, the assistant sent two copies of the South China Morning Post and said: "HSBC Chairman Paul Vicky has important news to announce. ”
"HSBC has made such a big mess, why hasn't this guy resigned yet. After making a joke, he took the lead in watching it, and then said in surprise: "Datang, take a look, HSBC really has a big move." ”
At this stage, the South China Morning Post is the most influential English-language newspaper in Hong Kong, and HSBC has been its largest shareholder since the end of the Second World War. Therefore, it is very natural for Privis to use it as its own propaganda position.
But in November last year, Rupert Murdoch's News Corp. took a 34.9 percent stake in the South China Morning Post for HK$820 million, and subsequently took full control of the newspaper to be privatized this year.
Tang Huanzheng sighed about this, Rupert Murdoch expanded to cable TV and Hollywood in the United States, but was repelled by himself with a blow in the face, and now his media empire has extended its tentacles to Xiangjiang.
When this sigh was interrupted by Zhou Mi, Tang Huan hurriedly turned his attention to the "South China Morning Post".
It turned out that HSBC Chairman Paul Povis announced that the HSBC Ordinance, which had not changed significantly since 1865, would be amended and HSBC would be re-registered as a limited company.
As a symbol of privilege, HSBC is the only one of the listed companies in Hong Kong that has been established under its own internal banking regulations rather than its public-facing company laws.
As for the provisions of the Companies Act, they do not apply to HSBC except in a very few cases.
Now, HSBC has suddenly directed and staged a self-directed and self-staged action to revise the rules, which is really unexpected.
"While HSBC disagrees with the view that the historical legacy is anomalous and incompatible with modernisation, there are from time to time that it is considered to give HSBC a special or privileged position, and HSBC agrees that this is outdated and confusing, and that it is necessary to amend the legislation to modernise," Paul explained. ”
The meaning of this passage is, in a nutshell: HSBC has amended its constitution to comply with the provisions of the prevailing company law in order to internationalize.
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.
……
HSBC's "new accounting arrangement" card fully reflects the privilege it once enjoyed, that is, the control, control and interest-free use of the settlement balance of the entire Hongkong banking system.
Why is this rich man so bullish? It is by relying on such privileges and a complete set of defense systems, including that the shareholding ratio cannot exceed 1 percent, that he has cultivated to the realm of incorruptibility.
It can be said that as long as HSBC does not die, it will not die, and the factors that can affect it are estimated that the only risks are at the political level, and it is still dealing with a subject like China that has its own set of values and codes of conduct.
Even so, HSBC can manage to retreat from Xiangjiang in an orderly manner.
But it really did its job -- it tried in every possible way to kick out Tang Huan and Qinhe, who had infiltrated the British Far East business interests, and also launched a full-scale attack in the second half of 1987, but the whole plan fell through and the vitality was greatly damaged.
HSBC once comforted itself that it was caught off guard by being diligent, and in order to protect itself, it raised money everywhere, and life was not good.
Unexpectedly, Tang Huan stabbed him twice, not only successfully drew blood and recovered his losses, but also seemed to have made a lot of money.
In this case, HSBC, which has been running out of water, is not in the ordinary pain of deciding whether to give up the privileges involved in the "new accounting arrangement".
After all, in just a few months, billions of dollars have been spit out at once, and even though HSBC has a heritage of hundreds of years, it can't bear it anymore, and naturally becomes more and more nostalgic for any privileges in its hands, so that it can "replenish" itself when it is currently weak.
Although the road to internationalization will inevitably lead to the abandonment of these privileges sooner or later, the specific rhythm is naturally left to HSBC, the person concerned, to consider how to move forward as appropriate, but it is a pity that it has forced itself into a corner.
Tang Huan smiled and sent over two plates of carefully prepared dishes - the American Ocean Bank and the British Bank of Mittland, which not only made HSBC extremely painful to send "labor fees", but also accelerated the pace of HSBC's internationalization in disguise.
Correspondingly, HSBC's relinquishment of privileges can no longer be delayed according to its own actual needs – a few more days of privileges may be overwhelmed by acquisition competitors on the British side.
In addition, although the Hong Kong government ignored HSBC's business mistakes that caused losses to shareholders, and even some Chinese elites stood up to oppose it, the pressure of public opinion should not be underestimated.
At this moment, HSBC can no longer ignore it arrogantly, and must make a statement. The "new accounting arrangement" can quickly quell public discontent and divert public attention.
No matter how difficult it was, HSBC finally chose to take this step, which made Tang Huan praise the other party with admiration, "It's not simple, I really know how to choose." ”
Zhou Mi said: "In this way, it is of little significance for the HSBC minority shareholders crusade group you organized to continue." It's pretty much the biggest compromise HSBC can make, not to mention that it has some die-hard fans. ”
"It doesn't matter. Tang Huan saw it very openly, "The run on HSBC and the crusade against HSBC are for everyone's interests, while the hijacking of the American Ocean Bank and the British Midland Bank halfway is for our own interests." The two can be juggled to such an extent, what is there not to be satisfied with. ”
"From now on, HSBC can no longer cover the sky in Heung Kong as before, and we can finally breathe a sigh of relief. It's just that although HSBC has suffered a lot of vitality, it has also been promoted by you in disguised internationalization, and it will not develop and suffer from it in the future, right?"
Tang Huan laughed disapprehantly, "Internationalization is not a smooth road, HSBC, which has given up its privileges, although it is still the boss in Xiangjiang, but in the United Kingdom and even the world, it is an ordinary commercial bank, and it is difficult to predict whether it can survive the turbulent waves of the transition period." ”
Speaking of this, Tang Huan's eyes flashed, "Even if HSBC succeeds in internationalization, it will be at least a few years later, and who can say for sure what will happen in the future." ”
At this time, the assistant sent two copies of the South China Morning Post and said: "HSBC Chairman Paul Vicky has important news to announce. ”
"HSBC has made such a big mess, why hasn't this guy resigned yet. After making a joke, he took the lead in watching it, and then said in surprise: "Datang, take a look, HSBC really has a big move." ”
At this stage, the South China Morning Post is the most influential English-language newspaper in Hong Kong, and HSBC has been its largest shareholder since the end of the Second World War. Therefore, it is very natural for Privis to use it as its own propaganda position.
But in November last year, Rupert Murdoch's News Corp. took a 34.9 percent stake in the South China Morning Post for HK$820 million, and subsequently took full control of the newspaper to be privatized this year.
Tang Huanzheng sighed about this, Rupert Murdoch expanded to cable TV and Hollywood in the United States, but was repelled by himself with a blow in the face, and now his media empire has extended its tentacles to Xiangjiang.
When this sigh was interrupted by Zhou Mi, Tang Huan hurriedly turned his attention to the "South China Morning Post".
It turned out that HSBC Chairman Paul Povis announced that the HSBC Ordinance, which had not changed significantly since 1865, would be amended and HSBC would be re-registered as a limited company.
As a symbol of privilege, HSBC is the only one of the listed companies in Hong Kong that has been established under its own internal banking regulations rather than its public-facing company laws.
As for the provisions of the Companies Act, they do not apply to HSBC except in a very few cases.
Now, HSBC has suddenly directed and staged a self-directed and self-staged action to revise the rules, which is really unexpected.
"While HSBC disagrees with the view that the historical legacy is anomalous and incompatible with modernisation, there are from time to time that it is considered to give HSBC a special or privileged position, and HSBC agrees that this is outdated and confusing, and that it is necessary to amend the legislation to modernise," Paul explained. ”
The meaning of this passage is, in a nutshell: HSBC has amended its constitution to comply with the provisions of the prevailing company law in order to internationalize. (To be continued.) )