Chapter 1443: Knock Knock
Palm Beach, Florida.
The waves are gusting, the blue sky is white and the clouds are white.
Bruce Fringing is lying on the phone with Daniel Warren in his luxury yacht. His mood didn't match the beautiful scenery outside the yacht. The $32 million worth of assets at Fringing Investments is significant to him.
But he was not willing to bow to Lu Jing for this money. After all, he was once an American giant. John Craven's advice: Respect Mr. Lu, get Mr. Lu's understanding, and be left behind by him.
"Bruce, I'm sorry for this happening. I need to admit that what I'm doing right now is limited. I need a Bo. I'm afraid I can't help with the matter of Flinming Investment Company? Daniel Warren said.
The decline of the Warren consortium's influence in Asia is very severe. There weren't many effective tools at his disposal. The British Empire is no longer an empire on which the sun never sets.
Bruce Fulming was silent, and reminded a little unwillingly: "Daniel, Standard Chartered Bank is not just the Warren consortium. ā
This sentence is a bit harsh. Daniel Warren didn't listen very comfortably. Bruce Flinming also thought that the Flinming family was in the scenery when Flinming Group became the world's top five asset management company in 97.
But, actually, that was eight years ago.
"I know. Bruce, you can talk to Andy and Jessica. Fulming's investment should be able to recover. "Daniel Warren said a building yƬ.
He needs to rely on the connections of the old Fu Linming in the circle of the rich in the United States. Yes, I can always endure the stinky temper of old Fu Linming.
Bruce Fulin snorted coldly and said toughly, "I don't need this. ā
Daniel Warren pondered for a moment. Sighing, "Okay. Good luck to us. ā
As Bruce Fullingmin said, Standard Chartered is not owned by the Warren consortium. The Hehua consortium violated the interests of Standard Chartered Bank. In fact, it offends the interests of many people. He next prepared to urge these people to come forward to confront Hehua.
Bruce Flimming hung up the phone, baring his teeth in distress.
In fact, he really wanted Andy Morgan or his daughter to come forward. He knows very well that Andy, his daughter and Lu Jing have a good personal relationship. A phone call can solve the problem.
However, his daughter does not pay attention to his business affairs. And Andy Morgan doesn't have a lot of respect for him. He couldn't afford to waste $32 million on a precious favor that he could have received in the future.
Between two fires.
Inside, for the first time, Bruce Fulling examines whether his attitude towards Lu Jing is appropriate.
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On March 24, there was sudden news in the Hong Kong financial market that Hwa Wah Bank was seeking to replace Standard Chartered Bank's currency issuance rights in Hong Kong dollars.
Public opinion was in an uproar. This news also pushed the commercial bank, Hehua Bank, which has been operating in a low-key manner, into the public.
If you do a survey of the most profitable industries in the world, the answers are likely to be many. For example: high-tech, munitions, drugs. But in fact, the most profitable business is: issuing currency. To put it bluntly, it is printing money.
At the same time, the right to issue money also means the right to control the economy. The right to issue money in Hong Kong is in the hands of three banks. They are: Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, Bank of China (Hong Kong) Limited.
Two of them are British-owned banks. What this means for Hong Kong as an economic free port. Self-explanatory.
If Hwa Bank replaces Standard Chartered Bank as a third party, it will not only touch the economic interests of the circle represented by Standard Chartered Bank, but also the political interests.
On the morning of March 25, Lu Jing was invited to the villa in Dong's Repulse Bay as a guest. Dong Kuncheng invited him to lunch.
In the morning, Lu Jing and Dong Kuncheng were talking in his study, while swallowing clouds and spitting fog.
The study is very quietly and elegantly furnished, with dark red walls and white sconces embellishing the British atmosphere in the study. Wall clocks, lamps, bookcases, and mahogany desks are neatly placed.
"The Standard Chartered Bank dog jumped off the wall in a hurry! The fox farts. Dong Kuncheng smiled and commented on the recent news that suddenly appeared. As a matter of fact. For the time being, Hehua has no intention of taking the right to issue currency from Standard Chartered Bank.
Lu Jing smiled, smoked a cigarette and said, "Uncle Dong, this is a dying struggle. However, it is rare for Standard Chartered Bank to come up with such a crooked trick. ā
Dong Kuncheng laughed. "It's not a crooked move. I figured that in two days the BBC would be issuing a press release. This is the usual bombardment of public opinion. Maybe there will be a British parliamentarian who will jump out and say a few words. ā
Lu nodded his head and sighed: "The foreign media is a-stirring stick." Disgusting to death. It also occupies the right to speak. ā
Dong Kuncheng laughed. Lu Jing has such feelings because foreign institutions have not hindered the development of Hehua. In fact, the media are all for the government. This is the essence of it. Zhi Zhao said: "Let's ask Xujiang to say hello to the Financial Authority and issue a statement." On the board of directors of Standard Chartered Bank, we also need to explain. We have no interest in the right to issue money. The rumors are self-defeating. ā
Lu Jing nodded slightly. With a cigarette in his hand, he calmly said: "Singapore's Temasek has an 11.55% stake in Standard Chartered Bank. I communicated with Li Yiji and Mu Qing. You can pass the words over. ā
"Hmm. Then it's nothing. This time, we want to let HBB squeeze the living space of Standard Chartered Bank in Hong Kong. This is also the first step in expanding our presence in Hong Kong. Dong Kuncheng said with a smile, "Our ultimate goal is to replace it." ā
Speaking of expanding his influence in Hong Kong, this was his first step towards Lu Jingjian. Hehua is now not short of fame and funds, and the management of strength must be conquered city by city. The first is the home base of Hong Kong.
He Hua Yiruifeng Company and Chen Chuanghe respectively held shares in Asia Television and have become de facto controllers. This time, ATV "rushed" on the front line. Constantly creating a topic to draw public attention to Standard Chartered's deception of customers.
Lu Jingzheng was chatting with Dong Kuncheng about this plan, and Dong Bing, who had cool eyes and teeth, pushed open the door and came in in a beautiful black dress. The strong smell of smoke made her immediately cover her nose. said coquettishly: "Dad, Lu Jing, you two are secretly smoking again." ā
She came to call Lu Jing and her father for lunch.
Dong Kuncheng looked at his daughter lovingly. Smiled and put down the cigarette butt, "Okay." Don't smoke anymore. ā
Lu Jing smiled and cooperated to extinguish the smoke. You can see it. Dong Xiaohua has a very high status in the family.
Dong Bing snorted helplessly, knowing that there was nothing he could do about this old man, so he covered his nose and helped open all the windows in the study for ventilation.
Dong Kuncheng pointed to Dong Bing's back and said, "Lu Jing, I plan to appoint Xiaoice as the vice president of Longsheng International. What do you think? ā
Lu Jing almost didn't think much about it, and said affirmatively: "Dong Bing's ability can be competent. Obviously, Dong Kuncheng is going to prepare to train Dong Bing as his successor. Naturally, he would not object.
This incident reminded him of an interesting story about Wall Street that Chen Xujiang told him. JPMorgan Chase's chairman, Pittman, fell out with CEO Sandy Weir while working at Blossom Group. The trigger was that Pittman turned down a promotion appointment from Sandy Weir's daughter.
Lu Jing would not make such a mistake. Anytime, anywhere. Human affection is an important science. Even if Dong Bing's ability is not enough in the future, he will choose to help her and pave the way for her to become the master of Longsheng International, instead of stopping her.
Dong Bing was stunned for the first time when he heard his father reveal such words, and turned around and shouted suspiciously, "Dad..."
Dong Kuncheng smiled and encouraged, "Xiaoice, you should also add to the burden." Her daughter's friend Ding Ling is now a member of the Hehua Council. He had to cheer up his daughter, not beat and grind.
Of course. Lu Jing's ability to see people and cultivate female assistants is incomparable to him.
However, with Lu Jing's support, her daughter's promotion is fine.
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With the statement issued by the Hong Kong Monetary Authority: there is no intention to change the note-issuing bank. The rumours about Standard Chartered Bank and Hehua Bank in the market immediately disappeared. In the afternoon of the same day, the stock price of Standard Chartered Bank on the London and Hong Kong stock exchanges immediately rose by 7% and 12%.
Over time. The storm of misappropriation of customer funds by Standard Chartered Bank seems to have subsided. However, Standard Chartered's market share due to reputational losses has been gradually eroded by Hehua Bank.
Daniel Warren, who was stealthy behind the scenes trying to salvage the situation, had to swallow the bitter pill. Lu Jing's "beating" this time was very heavy, and it would even affect his status within the Warren family. And Bruce Fulming, who was far away in Florida, was in a dilemma, watching Flintming Investment Company liquidate and go bankrupt.
This qiÄ is like a ripple in the water of a lake. You have to take your time to see the consequences.
Lu Jing, who knocked Daniel Warren and old Fulin Ming respectively, focused on the problems he was currently facing.
The team of PLU Telecom and the Asia-Pacific Consortium has departed for Tokyo, Japan. The matter of Hehua Bank's encroachment on Standard Chartered Bank's business share was presided over by Chen Xujiang, Xu Xue, and Ding Ling. He didn't need to bother with these specific matters.
The issue facing Lu Jing now is not how much money to make or how much to spend, but how to expand Hehua's strength and influence. This is the threshold for Hehua to leap to become a world-class consortium.
To talk about windfall profits. Monopolies are all profiteering. Why can't they all become conglomerates? The reason is in influence. Influence in the industry, influence in the industrial chain, regional influence. Global reach.
The consortium is a monopoly group controlled by a very small number of financial oligarchs. The tentacles extend to superstructure sectors such as culture, education, science, health, publishing, and government agencies. Obtain high monopoly profits.
What's next?
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"Sister Bing, congratulations on your promotion." In Shadow Bay Garden, in the terrace restaurant, Ding Ling smiled sweetly and congratulated Dong Bing.
Sister Bing is about to be promoted to the deputy general manager of Longsheng International, and the appointment has been submitted to the board of directors of Longsheng International this morning.
In the bright and elegant dining room, a row of square, dark brown tables are arranged in a diamond-shaped fashion. The diners were slow and whispering. Waiters shuttle from time to time. The setting of the restaurant is very elegant.
Dong Bing and Ding Ling sat at a table in the corner. Dong Bing raised his glass to Ding Ling with a red wine glass, "Xiaoling, thank you." ā
Ding Ling smiled happily and clinked glasses with Dong Bing.
The mellow red wine in the throat is like a peaceful and comfortable noon at this moment. (To be continued......)