Wren walked into the box, took a glass of red wine handed by Qi Yaolin, and did not sit down, but stood with Madden, Sassoon, and Charried.

Among them, HSBC, Standard Chartered, Swire and Wheelock were the four major British-funded foreign banks before the 70s.

Not only is it deeply rooted on Hong Kong Island, but it also affects the colonial economy of the British Commonwealth, among which HSBC and Standard Chartered are the most powerful and the oldest, followed by Swire, and Wheelock is even more inferior. This is because Wheelock does not have a British background and is a wholly owned enterprise founded by British Jews.

In the early years, it was engaged in the shipping and warehousing industry in Shanghai, and developed and grew through the colonial tide in the late Qing Dynasty and the Beiyang period, and it is also an enterprise that started with the blood of the Chinese. Later, the tug barge company founded by Canadians in Shanghai was acquired.

After the outbreak of the Pacific War, Wheelock abandoned the tugboat company and real estate in Shanghai to vigorously develop the marine oil tanker industry. Because, at this time, Wheelock had no political backing in the country, so it had to strive to withdraw as soon as possible in the event of a great change.

Later, Wheelock came to Hong Kong Island to develop and merge with the "Wharf Group", which was also founded by Jews, and re-developed the terminal warehousing and other businesses with the marine oil tanker industry as the fulcrum.

With the global post-war reconstruction and trade recovery, Wheelock has made a lot of money and has begun to enter the real estate, retail and other industries.

Of course, Wheelock also brought in a lot of shareholders on the way to mergers and acquisitions, but the founder "George. Madden is still the largest shareholder. Wheelock is still essentially a family business, and its current chairman, John Wheelock is still a family business. Madden is his son.

"John. Madden "served in the Commonwealth Navy during World War II, accumulated some contacts in the political and military circles, managed the industry smoothly, and continued to vigorously develop the shipping industry with his father's business strategy."

In 1956, the Egyptian-Israeli war broke out and the Suez Canal was blocked, and the world shipping industry was in full swing.

Wheelock is one of the Big Four British companies.

In a few years, the "Middle East War" will break out again, and Egypt will once again announce the blockade of the Suez Canal, resulting in longer shipping routes, a surge in demand for oil tankers, and soaring freight rates!

Wheelock is about to have some of the most glorious years in its history.

To this end, "John. Madden made the most wrong decision of his life, sold his listed steel company, spent money to buy more oil tankers, and gambled that the "Middle East war" continued to ferment, but he did not expect that in just two years, the oil crisis, the reopening of the Suez Canal followed, and the volume of Wheelock's shipping business plummeted.

In the end, the "Wharf Group" fell into the hands of the Chinese ship king Bao Yugang, and Wheelock also began to be listed for sale. In the 80s, Wheelock still fell into the hands of the ship king Bao Yugang, becoming the second of the four major foreign companies to be taken by the Chinese.

This is also the reason why many people have heard of HSBC, Standard Chartered, and have not heard of Wheelock. However, Mr. Madden of Wheelock is now in the limelight, and apart from the lack of a foundation in the banking industry, the momentum in other industries is catching up with Swire & Co.

People from Swire, HSBC and Standard Chartered also treat Wheelock with respect.

Qi Yaolin toasted Ren with a glass of wine, and said calmly: "Chinese banks have been very strong in recent years, Oriental Bank has expanded to Asia, and the Hang Seng Index compiled by Hang Seng Bank has been adopted by more and more securities companies. ”

"In addition, Guang'an Bank, Dao Heng Bank, and Wing Lung Bank have saved more than 100 million Hong Kong dollars with the help of the real estate industry."

"At present, there are more than eight Chinese-funded banks in Hong Kong with savings of more than HK$100 million, which greatly squeezes out the living space of British banks."

Madden nodded: "Wheelock established Defeng Bank last year, with a registered capital of 10 million Hong Kong dollars, but the market business is not going well. ”

"Citizens have moved away from accepting new British-funded banks and are more receptive to Chinese-funded banks."

Standard Chartered Taipan Charridad agreed: "Chinese banks generally follow the example of Oriental Bank and adopt the strategy of opening accounts for free and do not charge service fees for individual users, which will naturally win the popularity of the public, and their savings interest rates are higher." ”

It is a common practice of foreign banks to charge personal account opening service fees, which are implemented all over the world, and it is impossible to change the strategy just because there is a market on Hong Kong Island. If foreign users knew, wouldn't they take money and run away? What's more, this is a huge profit for foreign banks, and they can charge tens of millions of service fees every year.

Several Taipan didn't dare to think about this at all.

As for the Hang Seng Index compiled by Hang Seng Bank, it is a reference index based on 33 representative listed companies in various industries. Securities companies use the Hang Seng Index as a reference. There is a service fee to be paid, but the index service fee is a small amount of money.

The securities customers brought by the Hang Seng Index to Hang Seng Bank are the bulk of the securities funds attracted.

This index has been accepted by more and more people, and it is about to become a representative index of Hong Kong stocks. It can only be said that He Shanheng completely brought Hang Seng to the position of a first-tier bank with this alone.

The Four Oceans couldn't sit still.

The banking industry is the economic lifeblood of a city and a country, and whoever controls the banking industry will control the city's business!

HSBC, Standard Chartered, Swire, and even the U.S.-funded Citigroup have all relied on banking and finance to penetrate into various industries, holding various companies, and becoming rentiers behind the economy. This is also the reason why the financial industry has high salaries and thick oil and water, because it is too common to get rich overnight.

The British capital allows the Chinese-funded factories to become bigger and the enterprises stronger, anyway, an acquisition, a bottom-copy, can harvest the hard-earned income of the Chinese capital for decades, and collect the sweat of the Chinese employees for decades.

If you're in a good mood, I'll leave you some leftovers so you can get on with your work.

I'm in a bad mood and swallows all your bones.

Let your family go bankrupt, have nothing, and be in debt. The reason why the governor vigorously develops industry, the deep-seated logic of governance, is also to raise pigs on Hong Kong Island. On the contrary, when the Governor developed finance, he was a booster in the British banks.

The Chinese are not stupid, although they are weak, but they are diligent, intelligent, and also want to get a piece of the banking industry, and have raised two or three big banks in the past few decades. Li Guanchun of the Bank of East Asia will not mention for the time being, as the first Chinese-funded bank, he has been taught a lesson by the British capital early on.

Never to catch up with the potential of the bank.

Newly emerged Dongfang, Hengsheng, Guang'an, Daoheng, etc

The potential is greater than the other!

Wren listened silently and probably judged that the big boss "Wheelock" wanted to enter the banking industry.

Sure enough, Madden asked: "Is it possible for British banks to raise interest rates together to attract people to come and save?" ”

"If the Hong Kong dollar is signed and printed by the Hong Kong government, then we, as the issuing bank, can completely raise the interest rate, which is nothing more than to let the Hong Kong government release more water." Charried said with a smile: "But the Hong Kong dollar is essentially the pound sterling, and the right to print money on Hong Kong Island is really just to print money." ”

"Shriveled and without any water."

"In this case, if you want to raise the interest, you have to find a higher yield investment project, although Hong Kong Island has developed well in recent years, but the highest yield is nothing more than real estate projects. However, the risk of real estate projects is very high, and banks must do a good job of risk control. ”

"At present, the interest rate we give is the highest within the controllable range, and the Chinese banks are higher than us, not because of how good they are, but because they are more risk-conscious."

Qi Yaolin said with a smile: "According to the Chinese language, if you want to eat fat in one bite, you are not afraid of death!" The more they don't care about the risks, the more opportunities they give us. In fact, since five years ago, when the real estate industry was just emerging, our three foreign companies saw an opportunity. ”

"However, we have been waiting, waiting for the day when the Chinese-funded banks are completely exposed, according to our calculations, 30 percent of the small Chinese-funded banks, the savings pool has reached a dangerous level, two-tenths of the large and medium-sized Chinese-funded banks, the savings pool has also reached the early warning, coupled with the real estate prices after several years of high rise, last year has begun to pull back, the assets of the heavy investment in real estate of the Chinese banks have decreased sharply, and the cash pool is about to bottom."

"That's enough risk."

Madden, Charried, and Xuansha all nodded in unison.

Because, there is also risk control within the Chinese capital, and it is impossible for all banks to be extremely blind, but can they control themselves and can they control it? They are controlled by their mothers and ancestral ministers, but no one cares about Chinese capital.

Again, there will be no one to cover it.

Therefore, it is unrealistic to expect all Chinese-funded banks to be in danger of funds, and in terms of the scale of funds, the current level is already a powder keg. Once a crisis of confidence is triggered, a series of bankruptcies and bankruptcies of Chinese-funded banks will become another delicious meal for British-funded foreign banks.

Only those public opinions, infamy, and legal responsibilities will all be borne by Chinese-funded banks.

When the Chinese-funded banks collapsed, didn't the market that gave up the British-funded foreign banks a chance? This is also the reason why Madden will stand next to the three foreign bank leaders, and he wants to take this opportunity to become an international foreign bank involved in banking and finance like HSBC, Standard Chartered, and Swire.

And it is the only foreign company that can be passed on by the family!

This ambition is not small, but careerists are the most exploitable.

"The Wharf Group has a large number of shippers who have certificates of deposit in the Mingde Bank and will use the Mingde Bank's cheques to trade, and Wharf can first refuse the shippers to pay for the goods with the Mingde Bank's cheques, and then secretly spread the news that the Mingde Bank is about to go bankrupt."

"As a result, shippers and customers will go to the Mingde Bank to withdraw money, and with what we know about the Mingde Bank, they will definitely not be able to pay a large number of cheques, and then the bubble of the Chinese banks will be burst." Ma Deng held his wine glass and said slowly: "Hong Kong Island will set off a wave of runs on Chinese-funded banks, and then invite a few pens and financial experts to write a few articles in business newspapers." You don't need to use knives and guns, you will trample Chinese banks to death with financial trampling! ”

"Guang'an, Daoheng, Hengsheng, Dongfang."

"I can't get out of any of them."

British-owned.

It is launching the first financial war against Chinese capital after World War II!

(End of chapter)