Chapter 504 Hang Seng Bank 1

   Chapter 504 Hang Seng Bank 1

   “Uh, this time it’s not in Xiangjiang, but abroad. The pool here in Xiangjiang is too small, so it’s only suitable for initial investment.”

   He is full now, well, to be precise, Xiangjiang has no more oil and water for him to fish.

   Next, he is not going to continue to struggle here. Compared with the Hong Kong dollar, which is depreciating every day, the British pound and the US dollar are obviously more attractive.

  Although Xiangjiang will be able to stand shoulder to shoulder with New York and London in future generations, it will be more than ten years later, at this stage, Xiangjiang has just transformed into a financial center.

   When it lays a solid foundation for the financial center, catches up with the rapid development of the inland in the 1990s, and foreign trade becomes more and more frequent, Hong Kong, an important external bridge, will become the financial center of Asia.

  The reason why Xiangjiang can become the financial center of Asia in future generations is the support of the inland. Otherwise, with the economic size of the next island country, Xiangjiang cannot win Tokyo at all.

   Hearing that Yang Chen was going to toss abroad, Shen Conge’s anxious heart finally let go. A smart person knows that it is enough to stop, and Shen Conge nodded secretly in his heart.

   Those who know how to control and see the situation clearly will generally not be too bad in the future.

   In the next negotiation between the two countries, the stability of Hong Kong is very important. If the other party still does not understand restraint at this time, and makes a lot of money, then let alone the Governor’s Palace, even the inland side will have opinions on it.

  Shen Conge: “Yang Sheng, the matter of Hang Seng Bank is not a trivial matter. I need to discuss it with the board of directors at a meeting.”

Yang Chen thought for a while, and said, “Mr. Shen, if I am willing to split Hang Seng, leave only a quarter, keep no more than ten branches in Xiangjiang, and at the same time transfer part of the business to HSBC, Mr. Shen has How sure is it to convince the board of directors.”

   “Uh…” Hearing Yang Chen’s words, Shen Cong looked at Yang Chen carefully, and seeing that he wasn’t joking, he couldn’t help but say, “Why does Yang Sheng have to have Hang Seng Bank? Can’t other banking industries in Hong Kong be good?”

   “Mr. Shen wants to know the answer?” Yang Chen hesitated.

  Shen Cong nodded and made a gesture of invitation. Hang Seng is different from other Chinese-funded banks. Back then, this company was able to compete with HSBC. If it weren’t for the impact of the banking crisis, it would not have been acquired by HSBC.

  If Yang Chen can’t give a satisfactory answer, then let alone the board of directors of HSBC, even he, Shen Cong, would not agree to sell Hang Seng to Yang Chen.

Yang Chen didn’t think too much, and said bluntly: “If I remember correctly, Hang Seng obtained the qualification to establish a branch in the mainland last year, that is to say, Hang Seng is the only Chinese bank in Hong Kong that is allowed to enter the mainland to open a branch. .”

   Hearing this, Shen Conge suddenly understood why Yang Chen had to be the bank of Hang Seng. Now the entry of foreign banks in the mainland is very strict.

   And Yang Chen’s Donghua Group is now investing in a large number of processing plants in the special zone, if you add the grain and oil companies mentioned by the other party before.

   It is not difficult to see that this little guy is very confident in the economic development of the inland.

   Shen Porridge is not surprised by this, not only Yang Chen, but now many people are optimistic about the opening of the inland, including him, the HSBC Taipan King.

   If it wasn’t for his optimism about the development potential of the inland, he would not have supported the charter king and Li Chaoren one after another.

   Now there is another Yang Chen. Compared with the first two, Shen Cong is more optimistic about Yang Chen’s potential.

   “Mr. Shen, you should know about my subsidiary Donghua Group’s investment in factories in the special zone. To be honest, this is just the beginning. Next, my investment in the inland will only increase and become bigger.

   Therefore, I need a bank to handle a series of inland investment businesses for me, and as a Chinese bank, Hang Seng is more suitable for me and can better integrate into the inland. ”

  The inland supervision of foreign banks was very strict in later generations, especially in terms of the number of branches and the absorption of funds from depositors.

  Acquiring depositors is equivalent to sitting on the ground and sharing money. It is almost a business without capital. Naturally, the inland is reluctant to foreign banks to come in and pick up money.

   Don’t look at the many foreign-funded banks that have entered the inland, but none of those foreign-funded banks can spread all over the country like the four major banks. Even in the coastal areas, it is rare to see a unified number of foreign-funded banks.

   This is also one of the reasons why the inland economy is developing rapidly and the presence of foreign banks is extremely low.

   You must know that banks rely on a large number of branches to absorb funds from depositors. The number of these branches is limited. Tell me how they will develop.

   Of course, if you can’t absorb the funds of depositors, you can lend to other people and companies for investment, which can also make a lot of money.

   In later generations, many large inland enterprises, including banks, had foreign banks involved.

   In this way, foreign banks are also earning a lot of money.

   Of course, foreign investment in inland enterprises is a matter of mutual benefit. Early inland enterprises, whether they are state-owned or private enterprises, need to attract foreign investment.

   This is not only about learning the advanced management and technology of the other party, but also involving foreign exchange reserves.

  In the 1980s and 1990s, the inland was not as rich as the 21st century, and the U.S. dollar reserves were so large that the people at the bottom could not stand it.

   During this period, if the inland wanted to import some urgently needed equipment, they had to use foreign currency to buy things in.

  The foreign capital cannot attract a sufficient number of depositors, so naturally they can only invest money, which directly brings a large amount of foreign currency to the inland, and also drives the economic development of the inland.

   This is also the reason why the opening steps of the inland future generations are getting bigger and bigger.

   As for inland enterprises being controlled by foreign capital, to be honest, is a country that has inherited the official system for thousands of years really afraid of a group of capitalists playing with capital?

   A piece of paper can bring you back to the early days of liberation.

   This is not a joke.

   Yang Chen doesn’t care about the many remarks of later generations that worry about the country and the people. When the country opens up an industry, there must be a reason for it to open up.

   If you observe carefully, it is not difficult to find the problem. In those open industries, private enterprises and state-owned enterprises are often ineffective. Opening the market is nothing more than letting the bellwether come in, so as to promote the reform and innovation of state-owned and private enterprises.

   Don’t forget the saying in textbooks, “If you fall behind, you will be beaten.” If a national enterprise in an industry does not make progress, then the industry will lag behind other countries in an all-round way.

   As for whether or not wolves will be brought into the house, to be honest, with the population base of more than one billion in the interior, there will be outstanding talents in all walks of life, no matter what.

   A temporary loss does not mean a permanent loss. With the support above, the field will be recovered sooner or later.

   On their own territory, are those people still able to turn the world upside down?

  ——

   (end of this chapter)