Reborn Tech Maniac

Chapter 717 HSBC was kicked out of Xiangjiang by Tang's richest man
……

The "new accounting arrangement" card played by HSBC fully reflects the great privileges it once enjoyed, that is, the control, control and interest-free use of the settlement balance of the entire Xiangjiang banking system.

Why is this local rich man so arrogant?It is by relying on such privileges and a whole set of defense system including the shareholding ratio not to exceed [-]%, that he has reached the state of being indestructible.

It can be said that as long as HSBC does not die, it will not die. The factors that can affect it are estimated to be only risks at the political level, and it is still dealing with subjects like China that have their own set of values ​​and codes of conduct.

Even so, HSBC can retreat from Xiangjiang in an orderly manner.

But it happened that it was really seeking death - it tried every possible means to kick out Tang Huan and Qinhe who had infiltrated the British Far East business interest group, and it also chose this time period in the second half of 1987 to launch a full-scale attack. As a result, the entire plan It failed, and it greatly damaged my vitality.

HSBC once comforted itself that Qinhe was caught off guard, and in order to protect himself, he raised money everywhere, and life was hard.

Unexpectedly, Tang Huan stabbed him twice, not only successfully drew blood, recovered the loss, but also seemed to make a lot of money.

In this case, HSBC, which was trying to make a futile effort, is not experiencing ordinary pain in the process of deciding whether to give up the privileges involved in the "new accounting arrangements".

After all, in just a few months, billions of dollars were spit out at once. Even though HSBC has hundreds of years of foundation, it can't bear it anymore. "Tonic" yourself when your body is weak.

Although the road to internationalization will inevitably lead to the abandonment of these privileges sooner or later, the specific rhythm can naturally be left to HSBC, the party involved, to consider how to advance as appropriate. Unfortunately, it has pushed itself into a dead end.

Tang Huan smiled and sent over two plates of carefully prepared dishes - American Ocean Bank and British Midland Bank. In addition to making HSBC extremely painful to send "labor fees", it also accelerated HSBC's internationalization in disguise.

Correspondingly, HSBC's progress in giving up its privileges can no longer be delayed according to its actual needs-if it depends on the privilege for a few days, it may be made a big fuss by the acquisition competitors in the UK.

In addition, although the Hong Kong government ignored the crusade against HSBC's operating mistakes that caused losses to shareholders, and some Chinese elites even stood up to oppose it, the pressure of public opinion should not be underestimated.

At this moment, HSBC cannot continue to ignore it arrogantly, and must show something.The "new accounting arrangement" can quickly quell public grievances and divert the focus of public opinion.

No matter how difficult it was, HSBC finally chose to bite the bullet and took this step, which made Tang Huan admire the other party a few words, "It's not easy, and I really know how to choose."

Zhou Mi said: "In this way, the HSBC minority shareholder crusade group you organized will not make much sense to continue. Killing people is not enough to nod, this is almost the biggest compromise HSBC can make, not to mention it still has Some die-hard fans."

"It doesn't matter." Tang Huan looked at it very openly. "The run on HSBC and the crusade against HSBC are for everyone's interests; and the hijacking of the US Ocean Bank and the British Midland Bank halfway is for our own interests. Both can be balanced To this extent, what is there to be dissatisfied with?"

"From now on, HSBC in Xiangjiang can no longer cover the sky with one hand like before, and we can finally breathe a sigh of relief. However, although HSBC's vitality has been greatly damaged, you have also promoted the process of internationalization in disguise, and it will not develop in the future. Are you going to suffer from it?"

Tang Huan laughed disapprovingly, "Internationalization is not a smooth road. HSBC, which has given up its privileges, is still the leader in Xiangjiang, but it is an ordinary commercial bank in the UK and even the world. Can it survive? The turbulent waves in the transition period are unpredictable.”

Speaking of this, Tang Huan's eyes flashed sternly, "Even if HSBC succeeds in internationalization, it will be at least a few years later. Who can say for sure what will happen in the future."

At this time, the assistant sent over two copies of the "South China Morning Post" and introduced: "The chairman of HSBC, Pu Weishi, has important news to announce."

"HSBC has made such a big mess, why hasn't this guy taken the blame and resigned?" Zhou Mi, who joked, took the lead to look at it, and then said in surprise: "Da Tang, take a quick look, HSBC has really made a big move. "

At this stage, the South China Morning Post is the most influential English-language newspaper in Hong Kong. Since the end of World War II, HSBC has become its largest shareholder.Therefore, it is very natural for Puwei Shi to use it as its own propaganda position.

However, in November last year, Rupert Murdoch's News Corp. spent HK$11 million to acquire a 8.2% stake in the South China Morning Post, and subsequently gained full control of the newspaper, which was privatized this year.

Tang Huanzheng lamented this. After Rupert Murdoch expanded to cable TV and Hollywood in the United States, he was beaten back by himself. Now his media empire has extended its tentacles to Xiangjiang. He really is not an enemy. Don't get together.

When this sigh was interrupted by Zhou Mi, Tang Huan quickly turned his attention to the South China Morning Post.

It turned out that Pu Weishi, the chairman of HSBC, announced that the regulations of HSBC Bank, which had not changed much since 1865, were revised, and HSBC was re-registered as a limited company.

You must know that, as a symbol of privilege, among the many listed companies in Hong Kong, HSBC is the only one whose constitution was established according to its own internal banking regulations rather than public-facing company laws.

As for the provisions of the company law, with very few exceptions, none of them apply to HSBC.

Now, HSBC has suddenly directed and staged a chapter-repairing operation, which is really beyond people's expectations.

Pu Weishi explained this: "The facts left over from history are anomalies and do not conform to modern practices. Although HSBC holds a different view, from time to time it is believed that this practice entitles HSBC to a special or privileged position, and HSBC agrees with this situation. It is outdated and confusing, so it has to be modernized."

The meaning of this passage, in short, is: In order to internationalize, HSBC has amended its own constitution to comply with the various provisions of the prevailing company law.

The "South China Morning Post" commented on this: "Obviously, HSBC was really kicked out of Xiangjiang by Tang's richest man. After losing HSBC, a quasi-central bank that has always been stable, how to rebuild the financial order of Xiangjiang has become a very urgent task. The problem."

"It seems that I have become a sinner who disrupted Xiangjiang's financial order, so don't I want to wait for death." Tang Huan threw away the newspaper casually and snorted disdainfully, "Butcher Zhang died, and he doesn't eat hairy pigs. Some of the arguments are very strange. They enshrine the system built by the United Kingdom as a god. If any part is changed, or if any part is missing, the sky will fall. I really think that the United Kingdom is an omnipotent titan. Woolen cloth."

"Usually you don't stay in Xiangjiang for three months in a year, so naturally you don't understand it. In fact, the atmosphere is very common." Zhou Mi smiled, "The HSBC business is almost over, we have to turn our attention back to Diligent and up. After this turmoil, I have an idea that maybe we should make it more public."

"What do you mean?" Tang Huan, who had calmed down, asked in confusion.

"It's very simple, just invite some celebrities from Xiangjiang to serve as the directors of the Qinhe Department." Zhou Mi explained concisely.

This practice is more common in some small companies and new companies. It is nothing more than enshrining a great god to prove their strength, integrity, and so on.

Obviously, there is no need for Qinhe to adorn himself in such a leisurely way.The reason why Zhou Mi came up with this idea was to gather human resources.When Qinhe was under siege before, the attitude of the outside world was full of human attitudes, so subtle that it was difficult to express it in words.

Tang Huan nodded slightly, "Alright, I'm planning to adjust Qinhe and step back completely."

Upon hearing this, Zhou Mi was startled, "Why did you suddenly come up with this idea?"

"It's better to keep an eye on things. Take it as a rainy day." Tang Huan sighed, "Anyway, I just dismissed the specific position, and the ownership of the Qinhe Department has not changed in any way."

"I don't understand." Zhou Mi shook his head, obviously unable to accept it.

"Although Qinhe has made great achievements in Canada, Australia and other parts of the world in recent years, the mainland, which is close at hand, is the most important thing, no matter what happens." Tang Huan emphasized , "On the surface, I stepped back from Qinhe, so that it can get less worldwide attention, so as to better adhere to this policy."

A strange color flashed in Zhou Mi's eyes, and he asked tentatively, "Are you worried about unexpected changes in the future situation?"

Tang Huan continued to say in secret: "It's still the same sentence, let's plan ahead."

……

After a series of intensive meetings, like HSBC, Qinhe also summoned the media and announced a series of major decisions, which made the reporters dizzy at the beginning.

Tang Huan, who was sitting in the middle, began to self-examine with a stern face, such as Qinhe's poor performance this year, the loss is a foregone conclusion, and I cannot absolve myself of the blame.

When everyone in the audience was muttering in doubt, "Mr. Richest Man, is this an edict of guilt?"

Tang Huan paused suddenly, and then announced in a deep voice, "In view of this, I am resigning as chairman of the board of directors of Qinhe, and will be succeeded by Mr. Zhou Mi."

As soon as this remark came out, the audience suddenly became a mess, and the reporters whispered to each other.

You must know that the statement that "HSBC was kicked out of Xiangjiang by the richest man in Tang Dynasty" has gradually reached a consensus and spread under the influence of the media.And as the protagonist, shouldn't Tang Huan enjoy the results of the battle radiantly?Why did he retreat all of a sudden?
After announcing this decision, Tang Huan seemed to be relaxed, with a rare smile on his face, and he waved his hand to signal everyone to be quiet, "I'm just taking the blame and resigning, so it shouldn't be so strange. Okay, what's the problem? Just bring it up, please?"

The reporter unceremoniously raised the topic that is currently being discussed, "There is a rumor circulating in the market that it was Tang Sheng who drove HSBC out of Xiangjiang. What do you think of this?"

"The winner is the prince and the loser is Kou. It's boring to play tragic drama." Tang Huan replied blankly, "If Xiangjiang Electric, Qinhe Infrastructure, Dairy Milk International, and Mandarin Hotel are successfully acquired, I think the current The question will become, how do you feel when you were kicked out of Xiangjiang by HSBC?"

The reporter continued to ask: "The fact now is that HSBC has clearly outlined a blueprint for internationalization, and Xiangjiang is no longer its center. So Tang Sheng thinks, how should the financial order of Xiangjiang be adjusted?"

"How can you be sure that HSBC was forced to make a temporary internationalization decision? You know, as early as the early 1980s, HSBC acquired 50.00% of the shares of Ocean Bank of America."

Tang Huan continued to refute the argument that HSBC was kicked out of Xiangjiang by himself, and then said: "The financial field is too professional, and I dare not point fingers casually. I just think that since HSBC voluntarily relieves the responsibility of the central bank, it means that Xiangjiang's interests are not its interests. The first interest is up to people, and the financial order of Xiangjiang should be maintained by those who regard Xiangjiang as their first interest and have a sense of responsibility. The Hong Kong government and people of insight in Hong Kong must be capable and capable Wisdom deals with this situation.”

The reporter grasped the focus of HSBC, and continued to ask questions, "Among the parties that initiated the acquisition of Qinhe, HSBC faded out of Xiangjiang; "Huang Yulang, a newly emerged Hong Kong media tycoon, has almost only his comic pen left in his hand, and his fate is embarrassing. I don't know what is going on with the other two participants--Li Bancheng and Guo Henian? There are rumors that they came to the door to apologize and returned the shares of Qinhe, is it true?"

"If you are curious about the current situation of Mr. Li and Mr. Guo, you should ask in person. I will definitely not be able to give you relevant information." Tang Huan shrugged, "As for the relationship between us, since it has been rumored to be so absurd , then I might as well reveal some inside information, that is, Qinhe Strategy has also acquired some shares of companies owned by Mr. Li and Mr. Guo, and the two parties have recently exchanged business talks. Well, it’s that simple.”

"It seems that this stock market crash has helped Qinhe a lot. No wonder some people think that Tang Sheng is covered by the Jade Emperor. I don't know, Li Fuzhao, the former chairman of the Hong Kong Stock Exchange who has unshirkable responsibility for the Xiangjiang stock market crash, was arrested by the Incorruptible Government. What does Tang Sheng think about the investigation by the Commissioner's Office?" The reporter couldn't wait to ask another hot topic in Xiangjiang recently, as if he was afraid that Tang Huan would also fade out of Xiangjiang, and everyone would have no chance to ask for advice.

(End of this chapter)