Chapter 503 Hang Seng Bank

   Chapter 503 Hang Seng Bank

   The later Li Chaoren, relying on HSBC, surpassed many rich people in Hong Kong in one fell swoop, and the position of the richest Chinese in one fell swoop for more than ten years.

   Yang Chen believes that he will not be worse than Li Chaoren in the future, but at this stage, he still does not want to lose the booster of HSBC.

   HSBC’s accumulation of hundreds of years will be of great benefit to his future development. He doesn’t want to cause the two families to be separated due to a little misunderstanding.

   To be honest, his previous remarks were just excuses.

   His real purpose was to prepare for the subsequent sharp fall of the Hong Kong dollar and his promise to Prince Charles to set up an investment fund.

   The Hong Kong dollar has fallen sharply. If he does not have a bank to support him, it will be difficult to achieve the goal he wants to accomplish.

   Neither HSBC nor Standard Chartered are fools. As two financial giants, they will definitely know in advance what decision the Governor’s Palace will make.

   At that time, if he wanted to eat meat, he had to look at the mood of the two banks. If the mood was good and the two banks were full, he might be able to drink soup.

  If you’re in a bad mood, don’t think about it.

  If you want to eat meat, you have to hold a bank, no matter how small the bank is, as long as it is a bank.

  Really, he really doesn’t pick.

   As for robbing HSBC, to be honest, he never thought about it, he just wanted to have a private bank, a private bank dedicated to him.

  As he said before, he is not interested in managing money for others and paying interest.

  As a descendant of the future, Yang Chen is very aware that although the bank sounds tall and lofty, there are very few that can really survive for a hundred years, and even fewer can survive the financial tsunami.

  Except for those state-owned banks, or banks like HSBC that hold the right to issue banknotes in a region, other banks, no matter how large they are, have problems sometimes.

  The bigger the business, the harder it is to manage, and the same goes for the bank. The bigger the bank, the more depositors it has, the harder it is to manage.

   Instead of going to the trouble of keeping money for others and paying them interest, Yang Chen wouldn’t do that kind of stupid thing.

   As a rebirth, if you can’t spend more money than you can spend, then you are not a qualified rebirth.

   In Yang Chen’s plan, his private bank is not used to help others manage money and loans, but to supervise the business and funds of his companies, and coordinate the cooperation of various independent companies.

  Many entrepreneurs in later generations are very troubled by the disease of large companies. The larger the scale, the more problems, which can be scattered, and some resources will be wasted.

   In order to avoid this problem, Yang Chen felt that holding a bank and letting the bank coordinate the various independent companies under it was the best solution.

   As for the business transactions and capital flow of enterprises, I believe that no one knows these better than banks. In this way, the waste of resources is solved to a large extent, and at the same time, the subsidiaries can get the maximum independent operation and avoid the diseases of large companies.

   Moreover, this kind of management is also very beneficial for him to control the companies under his control. The bank only has the right to coordinate and supervise, and it cannot affect the operation of each independent company.

   And each independent company is subject to bank supervision and capital supervision, which greatly avoids abuse of rights.

   Big and small, small and excellent, excellent and long-lasting.

   The most important thing is that this dispersion, to a large extent, makes it unclear to the outside world how much wealth he has.

   As the saying goes, wealth is not revealed, this is the truth.

   Shen Conge heard Yang Chen’s statement, and asked calmly, “Yang Sheng has a crush on HSBC’s bank?”

   Yang Chen glanced at Shen Conge in surprise, “Mr. Shen, did you agree?”

Shen Cong: “There are many banks under HSBC’s shares, including local banks in Hong Kong, as well as banks in Asia and Africa. If it is a bank outside Hong Kong, I am afraid it will be difficult, but if it is only a local bank in Hong Kong, it is not impossible. .”

If it were in the 1960s and 1970s, Shen Conge would definitely not have said this, but since the 1965 banking crisis, HSBC has expanded dramatically, from seven in 1960, to 100 after the banking crisis, and finally. So far, the 250th branch of HSBC opened last year.

   For more than 20 years, HSBC branches have already spread all over Hong Kong. The savings of HSBC has reached half of the size of Hong Kong, and its strength is terrifying. The only one that can compete with Hong Kong is Standard Chartered.

   As for other banks, even British-owned foreign banks are not their opponents, let alone Chinese-owned banks.

  The Chinese-funded bank that HSBC once invested in, for the current HSBC, it is tasteless and a pity to abandon.

  Many businesses overlap, resulting in waste of resources,

   It is for this reason that after Yang Chen announced the acquisition of the bank, Shen Conge would not compete with HSBC, so he did not turn his face.

   Think about it, even Hutchison’s billion-dollar foreign bank, HSBC sells it when it sells, not to mention one or two dispensable banks.

   Moreover, even if Yang Chen wanted to compete with HSBC after acquiring the bank, it would be a dream come true. After nearly two decades of development, HSBC’s leading position in the banking industry in Hong Kong has been unshakable.

   Coupled with the fact that HSBC holds the right to issue Hong Kong dollars, this is not something that ordinary banks can compare with.

  Shen Cong smiled and said, “Yang Sheng has taken a fancy to the bank under HSBC, so he might as well not talk about it.”

   “Hang Seng Bank” Yang Chen blinked and said.

   “Cough cough” Shen Conge heard the words, a sip of tea almost sprayed directly on Yang Chen’s face.

   “Hang Seng Bank, Yang Sheng, you really dare to think about it.” Shen Cong seemed to be a little **** off by Yang Chen’s words, so he laughed angrily.

   You must know that when HSBC invested in Hang Seng in 1965, it spent a full HKD 50 million to obtain 51% of the shares of Hang Seng Bank.

At the beginning, Hang Seng Bank was the only Chinese bank that could compete with HSBC. Although after the banking crisis and HSBC’s seemingly non-existent suppression, as the saying goes, this skinny camel is bigger than Ma. .

   Now the number of branches of Hang Seng Bank has increased to more than 40. Although the strength is not as good as that of HSBC and Standard Chartered, it is also a top-ranking existence in the Hong Kong banking industry.

   Such a bank, Yang Chen actually wanted to eat it in one bite, Shen Porridge didn’t know whether to say that the other party was ignorant, or was not afraid.

   “Mr. Shen, to tell you the truth, when I attended a royal banquet in the UK earlier, two princes Charles and Hassal approached me and proposed that I set up an investment fund.

   To be honest, for investment funds, I personally feel that it is not as convenient as investment banks. ”

   “Yang Sheng, do you have plans again?” Shen Cong heard this, and the corners of her mouth couldn’t help twitching.

  To be honest, Shen Porridge is now a little afraid that Yang Chen will continue to pour in the pond of Xiangjiang. Looking at Yang Chen’s brutal way of eating, he is really afraid that Xiangjiang will be directly played by the other party.

   HSBC, as one of the banks with the right to issue banknotes in Heungkong, can be said to be prosperous with Heungkong, and it will be a loss if we lose.

   If the other party continues, let alone the Governor’s Palace, he will turn his face.

  ——

   (end of this chapter)