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Chapter 523 Hang Seng Bank 1

"Well, this time it's not in Xiangjiang, but abroad. The pool in Xiangjiang is too small and is only suitable for initial investment."

He is full now. Well, to be precise, there is not much oil and water left in Xiangjiang for him to fish for.

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

Although Xiangjiang could rival New York and London in later generations, that was more than ten years later. At this stage, Xiangjiang had just transformed into a financial center.

Only when it lays a good foundation as a financial center and catches up with the rapid development of the inland in the 1990s and foreign trade becomes more frequent will Xiangjiang, an important external bridge, become Asia's financial center.

The reason why Xiangjiang has been able to become the financial center of Asia in later generations is the support of the inland. Otherwise, with the economic size of the island country next door, Xiangjiang would never be able to defeat Tokyo.

Hearing that Yang Chen was going to go abroad to make trouble, Shen Cong finally let go of his anxious heart. Smart people know when enough is enough, and Shen Cong secretly nodded in his heart.

People who know how to exercise restraint and see the situation clearly will generally not have bad achievements in the future.

In the next negotiation between the two countries, the stability of Xiangjiang is very important. If the other party still does not know how to exercise restraint at this time and makes a big profit, then not to mention the Governor's Palace, even the inland side will have opinions on it.

Shen Cong: "Yang Sheng, the Hang Seng Bank matter is not a trivial matter. I need to hold a meeting with the board of directors to discuss it."

Yang Chen thought for a while and said: "Mr. Shen, if I am willing to split Hang Seng, leaving only a quarter, retaining no more than ten branches in Xiangjiang, and at the same time transfer part of the business to HSBC, Mr. Shen has How confident are you in convincing the board of directors?"

"Uh..." After hearing Yang Chen's words, Shen Porridge looked at Yang Chen carefully. Seeing that he was not joking, he couldn't help but said: "Why does Yang Sheng have to choose Hang Seng Bank? Can't other banks in Hong Kong do the same?"

"Mr. Shen, you want to know the answer?" Yang Chen hesitated for a moment.

Shen Cong nodded and made a gesture of invitation. Hang Seng was different from other Chinese banks. Back then, this company was able to compete with HSBC. If it had not been affected by the banking crisis, it would not have been acquired by HSBC.

If Yang Chen can't give a satisfactory answer, let alone the HSBC board of directors, even he, Shen Chou, will not agree to sell Hang Seng to Yang Chen.

Yang Chen didn't think much and said bluntly: "If I remember correctly, Hang Seng obtained the qualification to establish branches in the inland last year. In other words, Hang Seng is the only Chinese-owned bank in Xiangjiang that is allowed to open branches in the inland. .”

Hearing this, Shen Porridge suddenly understood why Yang Chen had to go to Hang Seng Bank. Nowadays, inland restrictions on the entry of foreign banks are very strict.

And Donghua Group, a subsidiary of Yang Chen, has now invested in a large number of processing plants in the special zone. If you add the grain and oil companies that the other party mentioned before.

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

Shen Cong was not surprised by this. Not only Yang Chen, many people now have a positive attitude towards the opening up of the inland, including him, the boss of HSBC Bank.

If it weren't for his optimism about the development potential of the inland, he would not have supported Charter King and Li Chaoren one after another.

Now there is another Yang Chen. Compared with the first two, Shen Zhou 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 investment businesses in the mainland for me, and as a Chinese bank, Hang Seng is more suitable for me and can better integrate into the mainland."

In later generations, inland supervision of foreign-funded banks was very strict, especially in terms of the number of branches and the absorption of depositors' funds.

Attracting depositors is equivalent to sitting on the ground and dividing money. It is almost a business without capital. Naturally, the mainland does not want foreign banks to come in and collect money.

Even though many foreign banks have been brought in inland, none of those foreign banks can spread all over the country like the four major banks. Even in coastal areas, it is rare to see foreign banks with the same serial number.

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

You know, banks rely on a large number of branches to absorb depositors' funds. The number of branches is limited. How can they develop?

Of course, if you cannot absorb depositors' funds, you can lend money to other people and companies for investment, and you can still make a lot of money.

In later generations, many large enterprises in the interior, including banks, had foreign banks involved.

Through this, foreign banks also made a lot of money.

Of course, foreign investment in inland enterprises is a matter of mutual benefit. In the early days, inland enterprises, whether state-owned or private, needed to attract foreign investment.

This is not only a matter of learning the other party's advanced management and technology, but also involves foreign exchange reserves.

In the 1980s and 1990s, the inland areas were not as wealthy as they were in the 21st century, and the U.S. dollar reserves were so large that the people at the bottom couldn't stand it.

During this period, if the mainland wanted to import some urgently needed equipment, it would need to use foreign currency to buy the things.

If foreign capital cannot attract a sufficient number of savers, it will naturally have no choice but to invest money. This will directly bring a large amount of foreign currency to the inland and also promote the development of the inland economy.

This is also the reason why the opening up of inland areas has taken greater and greater steps in later generations.

As for inland enterprises being controlled by foreign capital, to be honest, is a country that has inherited a government-based system for thousands of years really afraid of a group of capitalists who play capital?

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

This is not a joke.

Yang Chen did not pay attention to the many comments in later generations that were concerned about the country and the people. When a country opens an industry, it must have its own reasons for opening up. It is impossible to be idle when you are full and have nothing to do.

If you observe carefully, it is not difficult to find the problem. In many open industries, private and state-owned enterprises are not doing their best. Opening the market is nothing more than letting wolves in to promote the reform and innovation of state-owned and private enterprises.

Don’t forget the saying in the textbooks, ‘If you fall behind, you will be beaten’. If national enterprises in an industry do not make progress, then this industry will lag behind other countries.

As for whether it will attract wolves into the house, to be honest, with the population base of more than one billion in the mainland, outstanding talents will emerge in all walks of life, no matter what.

Temporary failure does not mean permanent failure. With support from above, the situation will be restored sooner or later.

On their own territory, can those people still make a big difference?
Chapter completed!
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