Chapter 0709 - HSBC's Strength
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……
Hong Kong Governor Youde really wanted to play the role of peacemaker, reconciling the contradictions between the Qin Wo Group and HSBC and the Swire Group.
The superficial contradictions of the top consortium in Hong Kong put him under a lot of pressure, and he deeply realized why the former Hong Kong Governor MacLehose was about to retire, because of the war between Qin He and Jardine Matheson, and he was hospitalized.
Originally, Qinhe, which took over the assets of Jardine Matheson, also had some cooperation with Swire, such as the joint venture of Heung Kong Airport Services Co., Ltd. between the two parties.
From this point of view, the idea of Qinhe Strategically participating in the listing of Cathay Pacific Airways seemed natural, but at the instigation of HSBC, it was rejected by Swire and became a talking point and a laughing stock in the industry.
This can make Qinhe angry, like a proud prince who can't confess to a beautiful girl, and his relationship with Taigu instantly turns into hatred because of love, and he fights.
One of the landmark events is that Swire originally planned to photograph the Admiralty site to be built as Pacific Place, but it was snatched away by Qin He, and his face was swollen with one mouth.
In the 1970s, when the world energy crisis broke out, the Heung Kong shipbuilding industry gradually declined, and Swire Dockyard and Whampoa Dockyard merged into Heung Kong United Dockyard in West Tsing Yi, New Territories.
In 1972, the Swire Group established Swire Properties Limited to develop the site of its own Swire Dockyard, which has become the upscale residential area of Taikoo Shing today.
From this project, Swire Group tasted great sweetness and had high hopes for the Pacific Place project, only to be knocked out with a stick.
But that's not all. Immediately afterwards, Swire Group lost the Coca-Cola franchise that had been operating for many years, and the other side of its face was also swollen.
This thing is like competing for land, the highest price wins, and the loser has nothing to complain about. But anyone with a heart understands that it is not so simple, and no one can guess what kind of revenge tricks the grudge will be used by the grudgeful diligence.
Swire, which has been focusing on industry for more than 100 years, finally can't sit still.
Of course, it can be used to get the field back. But after that, the two sides stabbed each other back and forth?
Swire didn't have the confidence to be diligent and consumed, and the other party's financial and spicy methods in the process of eating and wiping Jardine were too fearful.
Moreover, after looking back, Taigu doesn't want to be used as a gun by HSBC for some reason - Nima, you two are fighting, what are you doing with me?
Cathay Pacific, which has already made a lot of money, why did it choose to list in Hong Kong? It's not because it has to take root in Xiangjiang and represent Xiangjiang in order to continue to maintain vested interests!
Under this premise, Swire cannot just walk away like some companies do, and it has to find another way to survive, such as a cooperation with CITIC that is in the negotiation stage.
Therefore, Taikoo, who was grabbed by Qinhe's hair and slapped twice, didn't care about wiping the blood from the corners of his mouth, and hurriedly looked for a peacemaker, and the first candidate to bear the brunt was naturally Hong Kong Governor Youde.
……
Because of differences of opinion, the Swire and HSBC gangs came earlier. Shen Bi, chairman of the board of directors of HSBC, invited John Swire, chairman of the board of directors of Swire Group, and Pang Laizhi, former financial secretary of Heung Kong, to the VIP room, and tried to persuade Swire Group not to grovel so much.
"You have always said that Tang Huan is not only greedy, but also has chauvinistic tendencies, and after Qinhe annexed Jardine Matheson and Hongkong Land, the next target is HSBC, and even Swire is not immune. But until now, I haven't been confirmed. The actual situation is that Qinhe's local actions in Xiangjiang have always been steady, and its external expansion has been very active. But after the senseless twists and turns of Cathay Pacific's listing, they met each other all of a sudden. John Shi complained: "The humiliated Qinhe is now considered famous, and this fighting method is similar to the battle between Qinhe and Jardine a few years ago." ”
"So what." Shen Bi was very unimpressed, "Jardine Matheson's management is too aggressive, which leads to high debts, especially the Keswick family's shares are only one percent, which makes him the meat residue in Tang Huan's mouth; But Swire is different, everything is stable, the performance is excellent, and your Shi Huaiya family holds more than half of the shares, and there will definitely be no situation where the power is lost. ”
"But what can Swire gain in this struggle? You also said that our Shi Huaiya family holds more than half of the shares, even if Tang Huan has the intention of annexation, it will be difficult to succeed in a short time. The first problem that Swire needs to solve at present is to come up with a solution to deal with the arrival of Ninety-Seven as soon as possible. It is already 1986, and the remaining eleven years can only be said to be just enough for enterprise adjustment. We can't go back to the 1990s. ”
Speaking of this, John Schiff smiled a little mockingly, "Don't forget, I am also a director of HSBC, and I can guess what the 'new accounting arrangement' that is being discussed in secret means." HSBC's willingness to give up such a significant vested interest shows how strong its determination to take the path of internationalization is. With HSBC gone, what about Swire that is left to attract hatred? Perhaps, as you said, Tang Huan has a covetous heart for HSBC, and it is true. But I suspect that you have repeatedly lobbied Swire to go to war with Qinhe in order to distract your opponents so that HSBC can make an orderly layout. ”
Hearing John Shi almost point to his nose and say clearly, "HSBC pushed Swire to the front as cannon fodder", Shen Bi's face was dark at that time, but he couldn't justify it for a while, because the "new accounting arrangement" mentioned by the other party was indeed true, and this involved a source of interest that HSBC is currently difficult to give up.
For a long time, HSBC has always belonged to the special existence of Xiangjiang, and its specific meaning refers to the fact that it assumes the multiple functions of the central bank as a private commercial bank, and plays an important role in the "quasi-central bank" of Xiangjiang, and is mainly manifested in five aspects.
First, HSBC is the main note-issuing bank in Hong Kong.
Hong Kong does not have a central bank, and traditionally, banknotes, which are one of the functions of the central bank, are authorized by the Hong Kong government to be responsible for commercial banks.
In 1865, the newly founded HSBC began to issue banknotes, a little later than the three banks of the Eastern Domain, Lee Lee and Standard Chartered.
Later, the bank went bankrupt and was acquired by HSBC in 1959 and cancelled by the Hong Kong government in 1978.
In this regard, the issuance of banknotes by Hong Kong has been the responsibility of HSBC and Standard Chartered.
Eliminate typos and read the full text in ten minutes. If you accidentally click on the mobile phone client, you can press and hold the chapter name on the catalog interface to download it again.
……
Hong Kong Governor Youde really wanted to play the role of peacemaker, reconciling the contradictions between the Qin Wo Group and HSBC and the Swire Group.
The superficial contradictions of the top consortium in Hong Kong put him under a lot of pressure, and he deeply realized why the former Hong Kong Governor MacLehose was about to retire, because of the war between Qin He and Jardine Matheson, and he was hospitalized.
Originally, Qinhe, which took over the assets of Jardine Matheson, also had some cooperation with Swire, such as the joint venture of Heung Kong Airport Services Co., Ltd. between the two parties.
From this point of view, the idea of Qinhe Strategically participating in the listing of Cathay Pacific Airways seemed natural, but at the instigation of HSBC, it was rejected by Swire and became a talking point and a laughing stock in the industry.
This can make Qinhe angry, like a proud prince who can't confess to a beautiful girl, and his relationship with Taigu instantly turns into hatred because of love, and he fights.
One of the landmark events is that Swire originally planned to photograph the Admiralty site to be built as Pacific Place, but it was snatched away by Qin He, and his face was swollen with one mouth.
In the 1970s, when the world energy crisis broke out, the Heung Kong shipbuilding industry gradually declined, and Swire Dockyard and Whampoa Dockyard merged into Heung Kong United Dockyard in West Tsing Yi, New Territories.
In 1972, the Swire Group established Swire Properties Limited to develop the site of its own Swire Dockyard, which has become the upscale residential area of Taikoo Shing today.
From this project, Swire Group tasted great sweetness and had high hopes for the Pacific Place project, only to be knocked out with a stick.
But that's not all. Immediately afterwards, Swire Group lost the Coca-Cola franchise that had been operating for many years, and the other side of its face was also swollen.
This thing is like competing for land, the highest price wins, and the loser has nothing to complain about. But anyone with a heart understands that it is not so simple, and no one can guess what kind of revenge tricks the grudge will be used by the grudgeful diligence.
Swire, which has been focusing on industry for more than 100 years, finally can't sit still.
Of course, it can be used to get the field back. But after that, the two sides stabbed each other back and forth?
Swire didn't have the confidence to be diligent and consumed, and the other party's financial and spicy methods in the process of eating and wiping Jardine were too fearful.
Moreover, after looking back, Taigu doesn't want to be used as a gun by HSBC for some reason - Nima, you two are fighting, what are you doing with me?
Cathay Pacific, which has already made a lot of money, why did it choose to list in Hong Kong? It's not because it has to take root in Xiangjiang and represent Xiangjiang in order to continue to maintain vested interests!
Under this premise, Swire cannot just walk away like some companies do, and it has to find another way to survive, such as a cooperation with CITIC that is in the negotiation stage.
Therefore, Taikoo, who was grabbed by Qinhe's hair and slapped twice, didn't care about wiping the blood from the corners of his mouth, and hurriedly looked for a peacemaker, and the first candidate to bear the brunt was naturally Hong Kong Governor Youde.
……
Because of differences of opinion, the Swire and HSBC gangs came earlier. Shen Bi, chairman of the board of directors of HSBC, invited John Swire, chairman of the board of directors of Swire Group, and Pang Laizhi, former financial secretary of Heung Kong, to the VIP room, and tried to persuade Swire Group not to grovel so much.
"You have always said that Tang Huan is not only greedy, but also has chauvinistic tendencies, and after Qinhe annexed Jardine Matheson and Hongkong Land, the next target is HSBC, and even Swire is not immune. But until now, I haven't been confirmed. The actual situation is that Qinhe's local actions in Xiangjiang have always been steady, and its external expansion has been very active. But after the senseless twists and turns of Cathay Pacific's listing, they met each other all of a sudden. John Shi complained: "The humiliated Qinhe is now considered famous, and this fighting method is similar to the battle between Qinhe and Jardine a few years ago." ”
"So what." Shen Bi was very unimpressed, "Jardine Matheson's management is too aggressive, which leads to high debts, especially the Keswick family's shares are only one percent, which makes him the meat residue in Tang Huan's mouth; But Swire is different, everything is stable, the performance is excellent, and your Shi Huaiya family holds more than half of the shares, and there will definitely be no situation where the power is lost. ”
"But what can Swire gain in this struggle? You also said that our Shi Huaiya family holds more than half of the shares, even if Tang Huan has the intention of annexation, it will be difficult to succeed in a short time. The first problem that Swire needs to solve at present is to come up with a solution to deal with the arrival of Ninety-Seven as soon as possible. It is already 1986, and the remaining eleven years can only be said to be just enough for enterprise adjustment. We can't go back to the 1990s. ”
Speaking of this, John Schiff smiled a little mockingly, "Don't forget, I am also a director of HSBC, and I can guess what the 'new accounting arrangement' that is being discussed in secret means." HSBC's willingness to give up such a significant vested interest shows how strong its determination to take the path of internationalization is. With HSBC gone, what about Swire that is left to attract hatred? Perhaps, as you said, Tang Huan has a covetous heart for HSBC, and it is true. But I suspect that you have repeatedly lobbied Swire to go to war with Qinhe in order to distract your opponents so that HSBC can make an orderly layout. ”
Hearing John Shi almost point to his nose and say clearly, "HSBC pushed Swire to the front as cannon fodder", Shen Bi's face was dark at that time, but he couldn't justify it for a while, because the "new accounting arrangement" mentioned by the other party was indeed true, and this involved a source of interest that HSBC is currently difficult to give up.
For a long time, HSBC has always belonged to the special existence of Xiangjiang, and its specific meaning refers to the fact that it assumes the multiple functions of the central bank as a private commercial bank, and plays an important role in the "quasi-central bank" of Xiangjiang, and is mainly manifested in five aspects.
First, HSBC is the main note-issuing bank in Hong Kong.
Hong Kong does not have a central bank, and traditionally, banknotes, which are one of the functions of the central bank, are authorized by the Hong Kong government to be responsible for commercial banks.
In 1865, the newly founded HSBC began to issue banknotes, a little later than the three banks of the Eastern Domain, Lee Lee and Standard Chartered.
Later, the bank went bankrupt and was acquired by HSBC in 1959 and cancelled by the Hong Kong government in 1978.
In this regard, the issuance of banknotes by Hong Kong has been the responsibility of HSBC and Standard Chartered. (To be continued.) )