Chapter 323 "Royal Charter" Royal Bank of Scotland

The Royal Bank of Scotland is a multinational bank headquartered in Edinburgh, Scotland, and if it is calculated in terms of market funds, then the Royal Bank of Scotland should be the largest bank in Scotland, the second largest bank in the United Kingdom, the third largest bank in Europe, and the fifth largest bank in the world, although the premise of these reputations is after entering the 21st century.

As of the end of December 2008, the total assets of the Royal Bank of Scotland were as high as $3,500.9 billion, which is why the Royal Bank of Scotland can enter one of the largest banks in the United Kingdom.

This is also the biggest advantage of the Royal Bank of Scotland, although the Royal Bank of Scotland is not yet a well-known bank in the United Kingdom, its status in the hearts of the Scottish people does not need to be lower than the status of the Bank of England, or even much higher. And to be able to hang the word royal is an affirmation of the Royal Bank of Scotland.

However, the shortcomings of the Royal Bank of Scotland are also obvious, that is, the current Royal Bank of Scotland is too weak, and in the ranking of British banks, the Royal Bank of Scotland can only be ranked in the middle and lower reaches, without the appearance of the world's reputation in later generations.

Yes, now is the most appropriate time to acquire the Royal Bank of Scotland, because in 1981, the Hongkong and Shanghai Banking Corporation and Standard Chartered Bank had competed to acquire the Royal Bank of Scotland, but failed under the veto of the British Monopoly and Merger Commission, but even so, the Royal Bank of Scotland is also a big injury, and now is the best opportunity to acquire the Royal Bank of Scotland, to be honest, Lin Yu is still very greedy for the Royal Bank of Scotland, not for the exception, but for its huge influence in the people, It's not something that HSBC and Standard Chartered Bank with business in Asia can compare, and how can it also be compared with the word royal, which is indeed not something that ordinary banks can compare.

If the merits of the Royal Bank of Scotland were transferred to HSBC or Standard Chartered, Lin Yu would never consider buying one of the banks, you know, the Royal Bank of Scotland is a bank with a proud tradition and a relatively balanced balance sheet, and the pride of the Royal Bank of Scotland is that the bank was granted a royal charter by King George I in 1727.

From the royal charter, few people should know about it now, and the existence of this royal charter has to be traced back to the 30s of the 16th century.

The royal charter, in short, was issued by many kings in the late period of English feudal rule, starting with Henry VIII, and then issued by many kings to regulate publishing activities.

After the introduction of printing in England in 1476, by the early 16th century, there were more than 30 printing occasions, mainly printing books and pamphlets, with the growth of the Reformation, the anti-feudal and anti-old-religion elements in the printed matter were increasing day by day, which caused the uneasiness and fear of the feudal rulers at that time, for this reason, the feudal dynasty successively adopted various methods to control printing and publishing. In the beginning, it was just a crack list to suppress the print publishing industry. In 1538, the royal charter system was officially enacted, stipulating that all publishers must be granted royal permission or be forbidden to operate, which was the predecessor of the royal charter system.

Later, Queen Mary decreed the establishment of the Royal Chartered Publishing Company, stipulating that only publishers with the Queen's permission could become members of the company, and only company members and other licensees could engage in printing and publishing.

In 1570, Queen Elizabeth made the Senate Judicial Committee the "Star Court" to strengthen feudal rule. In 1586, the Star Court issued a special decree to strictly regulate publishing activities, which stipulated that all printed matter must be sent to the Royal Publishing Company for registration; Except for the City of London, except for Oxford University and Cambridge University, printing is prohibited; Prior permission is required for the printing of any publication; The Royal Chartered Publishing Company has the right to search, seize, confiscate illegal publications, and detain suspects, among other things. This decree was enforced until the outbreak of the bourgeoisie, and later by the Cromwell regime and the Charles II restorationist regime, and had an impact on the British publishing industry for more than a century.

This was the predecessor of the Crown Charter, but over time, the British Crown's Crown Charters began to be used in many industries.

In the banking sector, the first bank to have a royal charter was the Bank of England, and on July 27, 1694, the King issued a royal charter for the Bank of England, and the first modern bank was born.

The Royal Bank of Scotland was also granted a royal charter by King George I in 1727, which is also the biggest advantage of the Royal Bank of Scotland in the United Kingdom, Europe and the world.

However, with regard to the royal charter system, scholars generally believe that the charters of markets and cities in the Middle Ages in Europe promoted the growth of commerce and made commerce an important force in the dismantling of the feudal system. This value judgment exaggerates, to a certain extent, the role of the charter, as well as the persistence of commerce and feudalism. In fact, commerce has always been an important part of the feudal system and the feudal economy. The charter was issued from the top down by the king or lord and only provided certain conditions necessary for the smooth running of commerce. The purpose of the charter is to limit commercial activities to a certain scale, that is, the so-called "promotion" of business by the charter must be premised on "restrictions".

In fact, the royal charter, in vain, means that the royal family gives them a charter, because this can make money for the royal family. This is how the state apparatus used to make money, by taxing the merchants, by granting them privileges to collect fees. So, it's actually a sale, and the state sells the credibility to the company.

This kind of behavior is not much different from two people doing business, the biggest difference is that one of the buyers and sellers represents the state, and the other party only represents the individual.

Lin Yu valued the Royal Bank of Scotland the biggest fundamental reason for his fancy to the Royal Bank of Scotland, and it was precisely this that the Royal Bank of Scotland was able to grow so fast in the United Kingdom and even Europe and become one of the largest banks in the world.

If Standard Chartered Bank also has a royal charter, then Lin Yu will definitely not hesitate to choose Standard Chartered Bank, yes, the two banks now have their own advantages and great growth potential.

Did God let me buy all these banks? Lin Yu inevitably thought whimsically, but then he made some difficulties, if he really let himself buy these banks, then his current money should not be enough.

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