Standard Chartered Bank and HSBC are not far apart, just one street apart.

At the end of the month, HSBC will begin reconstruction and temporarily move to Aon Chinese Bank, which will not move back until 1986.

After dinner, Yang Chen took He Chaoqiong away from HSBC Bank and took a walk towards Standard Chartered Bank. Nearby is the most famous Statue Square in Central.

Statue Square is surrounded by high-rise buildings such as HSBC, Standard Chartered Bank, Bank of China, Prince's Building, and Mandarin Oriental Hotel.

Although the square is not large, it is one of the most famous parks in Hong Kong. Next to Statue Square are the colonial-style Legislative Council Building and the Peace Monument.

However, it is a pity that there is no statue of the Queen in Statue Square now. The bronze statue in Statue Square was named after Queen Victoria. The bronze statue was cast to celebrate the 60th anniversary of Queen Victoria's accession to the throne of England.

However, during World War II, Japan shipped back the bronze statue of Queen Victoria and the two bronze lions in front of the HSBC Bank, preparing to melt them down and recast them into weapons.

Although the bronze statue was not melted down in the end, after it was transported back to Hong Kong, it was moved to Victoria Park. In Statue Square, instead of a bronze statue of Queen Victoria, there is an extra statue of HSBC Bank General Manager James

Statue of Sir.

Such a weird thing makes people don't know what to say.

The two banks are so close to each other, and the road between them is narrow, so you can smell a strong smell of gunpowder even on the street.

Standard Chartered and HSBC are both one of the Hong Kong dollar note-issuing banks. The competition has always been very fierce. Both banks want to control the local economy of Hong Kong, thereby affecting the economies of Southeast Asia and other Asian countries.?

Some outsiders describe HSBC as an elephant and Standard Chartered as a lion. From the two metaphors, it is not difficult to see that HSBC is more powerful than Standard Chartered.?

From the development of later generations, HSBC has a market value of over one trillion yuan, while Standard Chartered Bank has a market value of only more than 200 billion yuan. The difference between the two is several times.

The reason why this situation occurs is partly due to luck.

Unlike the veteran HSBC bank, which has been moving forward steadily, Standard Chartered Bank has been plagued by disasters along the way.

In 1986, Standard Chartered suffered a hostile takeover by a bank. In the end, if the chartering king and Boss Qiu hadn't taken action, Standard Chartered would have completely changed its surname.

As a capitalist, his ultimate goal is naturally to control a banking institution. Only a capitalist who controls a bank can be considered a true capitalist.

To be honest, Yang Chen is very greedy for Standard Chartered Bank, and he also wants to devour it in one go.

However, because of one thing, Yang Chen gave up the idea of ​​acquiring Standard Chartered Bank.

There is no other reason, just two points, the right to issue banknotes and HSBC.

Standard Chartered Bank controls the right to issue Hong Kong dollar notes, which naturally has huge benefits for the bank, but for Yang Chen, it has very big disadvantages.

HSBC and Standard Chartered are in a competitive relationship, and the biggest point of conflict between them is the right to issue banknotes.

Both banks have the right to issue banknotes, so they are natural enemies. Once he acquires Standard Chartered Bank, what awaits him is a crazy attack from HSBC.

At that time, with the power of HSBC, even if he can hold on, he will still lose more than he gains.

Hong Kong did not return until 1997, which is still more than ten years away. At this time, going against HSBC, an old bank, will only bring disadvantages but no advantages.

Although Standard Chartered Bank is not weak, once Standard Chartered Bank is acquired by him, its influence will be greatly reduced.

Compared with HSBC, which can use its British-owned status to seize the British territory without scruples, once Standard Chartered becomes a local bank in Hong Kong, all its previous advantages will be completely lost.

Although Standard Chartered Bank cannot be acquired, he still has the opportunity to acquire other banks. Without the right to issue banknotes, he and HSBC will not become bitter enemies.

Even if it acquires other banks, HSBC will not say anything. At that time, the two companies can exchange shares with each other to deepen cooperation.

As time goes by, the management of institutions such as banks will become more and more strict. After a few decades, it will be even more difficult to master a bank.

Yang Chen's acquisition of the bank was not to compete with that bank for business, but to prepare for online banking in the future.

After the emergence of payment tools such as Alipay and WeChat in later generations, online banking has become particularly important.

By then, if he has a banking institution in his hands, he will be able to take the initiative.

Of course, if you want to touch the bank's cheese, you will definitely not be able to chew it if you don't have good teeth. However, with the reform and opening up, inland banks will come to Hong Kong to go public and raise funds. At that time, he only needs to buy a part of each bank.

Shares, then you can take a bite of which cheese.

Standard Chartered Bank, an old bank, has much higher qualifications and background than HSBC because Standard Chartered Bank was established under the charter of Queen Victoria.

Unlike HSBC, which has been making big moves in recent years, Standard Chartered Bank has always been in a state of small transparency and has not paid much attention to Hong Kong's economy, focusing solely on external expansion.

Regarding the mainland, Standard Chartered and HSBC are very active, but Standard Chartered seems to be on the back foot and is always stuck in time.

At this time, Standard Chartered Bank adopted an evasive attitude during the Sino-British negotiations. It did not actively intervene or badmouth the Hong Kong economy. It just sat quietly on the sidelines and acted like a quiet handsome man.

As a result, in the end, most of the Chinese capital was wiped out by HSBC at this stage and put into their pockets.

It was during this period that the two banks began to distance themselves.

At the same time, the positioning of the two towards customers has also been distinguished from this time.

Standard Chartered Bank is keen on supporting small and medium-sized enterprises and attracting ordinary depositors. Most of its businesses are in industries with a large number of businesses such as retail, and it follows a small but refined route.

HSBC has always been determined to seize the big ones and pick up the small ones, actively fight for big customers, and do its best to help potential big customers grow and develop, and cultivate them into HSBC's strongest allies.

He is very passionate about monopoly industries. Whenever there is an opportunity, he will never miss it, and he will take a big and strong route.

In a capitalist society, all that is emphasized is that strength is king. Wherever there is benefit, just punch it and snatch it away.

Of course, the people who want to grab it will definitely not be HSBC itself, but the people it has supported and paved the way for. If you can pick peaches, it is your skill. If you cannot pick peaches, those people will not blame HSBC.

.

Compared with HSBC, which focuses on providing extremely considerate services to large customers, Standard Chartered Bank is somewhat unsatisfactory in this regard.

However, the two banks have their own merits. The only difference is that Standard Chartered Bank has missed too many opportunities and lost opportunities to grow again and again. As a result, it can only sit behind HSBC and eat what the other party does not want.

Regarding this point, Yang Chen has no interest in reminding the other party. The two are just a relationship of interest. Even if he reminds the other party, the other party may not change.

Instead of thinking about Standard Chartered's future, it is better to take advantage of the other party's current power and strive to expand its own strength.
Chapter completed!