Chapter 517 Good news for Shen Porridge

   Chapter 517 Good news for Shen Porridge

  China Line

   After two days of the board of directors, Shen Cong finally persuaded the directors of the board of directors.

In recent years, Shen Cong’s actions have become faster and faster, and his steps have become larger and larger. Before Shen Cong took over HSBC Bank, HSBC had already overwhelmed Standard Chartered, and after Shen Cong took power, this trend has become more and more obvious.

   The rapid development of HSBC has made Shen Porridge’s prestige within HSBC continue to rise day by day.

  It is no exaggeration to say that in addition to the earliest founder of HSBC, Shen Conge, the Taipan King, has become the most authoritative person in charge in the history of HSBC.

   Take a look at Shen Porridge’s series of actions. First, he sent the charter king to the board of directors of HSBC, making him the first Chinese director in the history of HSBC. Then he sold Hutchison shares to Li Chaoren at a low price to support him in Hutchison.

   These two things alone, if Shen Conge does not have enough prestige and right to speak within HSBC, it is absolutely impossible to achieve.

   Moreover, not long ago, he persuaded a group of directors to demolish huge sums of money to rebuild the HSBC Building.

   This series of events would be impossible for ordinary people to do.

  Sometimes, the person in charge of a company, in addition to possessing sufficient ability, can really be worth 100,000 soldiers if he is eloquent and articulate.

  Merchants value profits. Shen Porridge has been in the HSBC Bank for decades, and he has long understood the psychology of his own directors.

  What is the objection, the reason is nothing more than the lack of interest, as long as the interest is enough, all objections will disappear.

  The world is all for profit

  The world is all for profit

Therefore, every time Shen Conge holds the board of directors, it basically revolves around a theme, that is, interests, how to make every major decision beneficial to HSBC, make everyone feel that they are making money, hook up the greedy worms in the stomach of the big guy, and come back again Analyze the pros and cons.

   Capitalists are all profit-seeking. Sometimes, for profit, they pick up sesame seeds and throw watermelons.

   Shen Porridge is able to bring everyone to make money, and has a high enough vision to avoid those stupid things of picking up sesame seeds and throwing watermelons. Over time, everyone will naturally believe in him and support him.

Every word and opinion of    Shen Conge has a great influence on the board members of HSBC.

   Every HSBC Taipan Wang can reasonably avoid the resolution of the board of directors without prejudice to the interests of HSBC.

   Of course, like that kind of insistent action, if the decision is right, everyone will be happy, if it is wrong, then you have to bear the blame alone.

   Therefore, whenever there is a major event, Shen Porridge will usually gather everyone to discuss and make decisions together, earn money together, and carry the pot together.

   The sale of Hang Seng Bank will have a big or small impact on HSBC. The problem depends on the person who acquired it and how to position Hang Seng Bank next.

   If the other party wants to compete with HSBC in Hong Kong like the original development of Hang Seng Bank, then it is tantamount to raising a tiger, and this kind of thing is definitely unwilling to see.

   But this is also simple, as long as Yang Chen ensures that the number of Hang Seng Bank branches will not continue to expand in Hong Kong, then the problem can be solved very well.

  The bank’s cash reserves depend on absorbing the funds from the people at the bottom. As long as the number of branches is limited, it is basically difficult to make great achievements in the later stage.

   Even if HSBC has done the absolute best to limit Hang Seng Bank’s future branches in Asia to a certain number, then there is no need to be afraid of Hang Seng Bank coming out to compete with HSBC.

   Yang Chen took the initiative to raise this point a long time ago, so this is not the main problem. After all, the main problem of the directors of HSBC is still the purchase price.

  HSBC holds 60% of Hang Seng’s shares, which are worth more than one billion yuan. Originally, it was about two billion yuan. Because the Hang Seng Index fell, Hang Seng’s share price fell a lot.

   The directors of HSBC mainly wanted Yang Chen to make up the difference in the middle price for them, that is, a premium purchase.

   Regarding Yang Chen’s huge amount of cash in HSBC, the directors of HSBC are very envious. With such a good opportunity, everyone naturally wants to bite a piece of meat from Yang Chen.

   Fortunately, Shen Conge finally persuaded the directors of HSBC. Compared with the difference of several hundred million in the middle, Shen Conge is more concerned about the future Yang Chen will bring tens of billions of profits to HSBC.

   A mere hundreds of millions, how can this price difference satisfy the appetite of the Taipan King.

   Therefore, under the grand picture drawn by Shen Conge, the directors of HSBC raised their hands one by one to vote and approved Shen Conge’s proposal.

   Of course, the directors of HSBC Bank agreed so readily, not because of the tens of billions of pie that Shen Cong painted for them.

  The pie is good, but it takes a long time to taste it. It is impossible for the capitalists to think about things that are so far away.

   They are mainly because of Shen Porridge’s words, the Hong Kong banking industry is about to usher in another banking crisis, and the impact will not be less than that of the 1965 banking crisis.

   If Hang Seng Bank is sold to Yang Chen now, once the banking crisis breaks out, Hang Seng Bank may still be recovered.

   Thinking that Hang Seng may still be taken back, and everyone in the middle can make a lot of money, there is no reason for the directors of HSBC to stop them.

   Each Optimus Prime, a series of passages, made Shen Conge very comfortable and returned to his office.

   Shen Porridge, who returned to the office, sat leisurely on the boss chair that belonged to him alone, squinting, thinking for a while, before standing up straight and picking up the telephone on the table.

   “Hey, I’m Shen Porridge.”

   After waiting for a while, Yang Chen’s voice came from the other end of the phone, “Mr. Shen, why do you have time to call me today, did that happen?”

  Shen Porridge laughed and said, “Yang Sheng expects things like God, that’s right, that happened, I have persuaded the board of directors, Yang Sheng, when you have time, come to China for a trip.”

  Yang Chen: “Since this is the case, I have time now.”

   “Now?” Shen Cong glanced at the clock on the wall, and then said, “Well, how long will it take you to arrive?”

  …

   After talking with Yang Chen, Shen Cong called his secretary again and asked her to prepare the details of Hang Seng Bank.

   Hang Seng, as a bank wholly controlled by HSBC, naturally has nothing to hide from HSBC, and then negotiate with Yang Chen, these things will naturally be used.

  Although he knows that it is impossible to sell Hang Seng to Yang Chen at a premium, it is absolutely impossible to sell it at a low price like Hutchison.

  The biggest difference between Yang Chen and Li Chaoren is that Yang Chen is not short of money, and he has enough funds to acquire the shares of Hang Seng Bank.

   Li Chaoren was different. At that time, Li Chaoren only had a Cheung Kong company worth several hundred million yuan. It was impossible for him to sell Hutchison at a premium.

   As for selling Hutchison to others, to be honest, the powerful Chinese bosses in Xiangjiang are far less controllable than Li Chaoren.

   Moreover, how to choose ‘the icing on the cake and the charcoal in the snow’, Shen Porridge is like a mirror in his heart, and he doesn’t need to think about it at all.

  ——

   (end of this chapter)