Rebirth of the Strongest Tycoon
Vol 3 Chapter 683: Bank promotion
On September 10, American International Satellite Corporation successfully launched a communications satellite named ‘Global One’. After the news reached Global Television, the entire television station became a sea of joy.
From this moment, Universal Television opened a new chapter in history.
After Uncle Shao Liu, who had been following closely, got the news, he sat in the office all morning.
Needless to say, the major media immediately reported the news to the press. I believe that tonight and a few days after tomorrow, the headlines will be dominated by the news on Global TV.
Think about it, satellite is a top-notch high-tech product, and no company in Hong Kong can afford it now. Now Global Television has taken the lead, and the grade has been raised instantly.
It is conceivable that from now on, when people mention Hong Kong’s TV station, they will subconsciously divide it into two grades, and the scenery is destined to belong only to Universal TV.
Not much gossip.
Just after the satellite entered the predetermined geosynchronous orbit, the engineers sent by American International Satellite Corporation helped Global Television receive the signal and taught the designated employees the relevant knowledge and skills.
The three major departments, namely the International English Channel, International Chinese Channel, and Entertainment Channel, which have been prepared for a long time, began to operate at high speed.
After the successful launch of the satellite, Huang Xizhao immediately reported to Xia Yu and received encouragement and praise from Xia Yu.
After that, Xia Yu stopped taking care of the Global TV station and went straight to Jiuding Bank.
As the financial core of the Jiuding Consortium, Jiuding Bank is the company that Xia Yu pays most attention to. Even Jiuding Securities cannot match it.
Wearing sunglasses, Xia Yu walked into the headquarters of Jiuding Bank and found that the lobby on the first floor was very crowded, and the waiting area was almost full of people on the benches, apparently all for business.
Seeing this grand occasion, the corner of Xia Yu's mouth was slightly curved.
Without stopping, he walked straight into the elevator and pressed the floor button to go up.
After a while, the elevator stopped, and Xia Yu walked slowly along the corridor after he went out, looking at the offices with open doors on both sides from time to time, catching the work scene.
The situation is good, the offices are busy, and no one is lazy.
Xia Yu nodded secretly.
When I came to the general manager's office, the office door opened and Liu Tianci was immersed in the documents. Xia Yu knocked on the door and walked inside.
Liu Tianci slowly raised his head. When he saw Xia Yu, he immediately smiled, got up and got down from the desk, greeted Xia Yu, and said, "Chairman, you are here!"
"Well, godsend, are you tired from work?"
Xia Yu was kind and asked with a smile.
Liu Tianci smiled and shook his head and said: "Fortunately, the people below the tedious things will take care of it, so it is not too stressful to say it."
Xia Yu patted him on the shoulder and told him to sit down and say, "That's good, sit down and talk."
"Have you read the economic data released by the Financial Secretary a few days ago?"
Xia Yu asked.
Liu Tianci nodded: "Look, the economy has picked up. Compared with the same period last year, all industries are showing a positive growth trend. Among them, the fastest growing is the real estate industry and the financial industry, with an increase of more than 15%."
"In general, the Hong Kong economy grew by 8.1% in the first half of the year, 6.7% in the first quarter, and 9.8% in the second quarter, which is indeed a good sign."
"Two months have passed since the third quarter. I have heard the news that the economy in the third quarter is better than the previous two quarters. The year-on-year (the ratio of this year to last year) growth is expected to exceed ten points!"
Speaking of this, he showed a knowing smile and reported a result to Xia Yu: “Chairman, thanks to the economic recovery of Xiangjiang, the market capital flow has become more active, and I have launched several wealth management products with Jiuding Securities. Now The bank’s total assets have exceeded 15 billion Hong Kong dollars, reaching as much as 15.3 billion."
"Good job!"
Xia Yu said appreciatively.
Suddenly, Liu Tianci thought of something and immediately said: "Chairman, there is one more thing to report to you. During your visit to the UK, our Jiuding Bank has entered the Hong Kong Foreign Exchange Bank Association and elected as one of the nine elected members. "
This is good news. Although Jiuding Bank’s entry into the Association of Banks has long been foreseen, the Association of Banks is elected once every three years, and time is short. Even if Jiuding Bank is strong enough, there is no way to drive down the current elected members.
The Association of Banks was established in accordance with the "Hong Kong Association of Banks Ordinance". It is an organization linking the Hong Kong government and the banking sector and has a great influence.
The committee of the Association of Banks has the most power and status, and is responsible for the association's decision-making and management. The committee is composed of eleven members, namely two note-issuing banks and nine elected members.
Needless to say, the two note-issuing banks are HSBC and Standard Chartered. Note-issuing banks are also permanent members of the Association.
The nine elected members are elected every three years. Local banks and overseas banks occupy four and five seats respectively.
Xia Yu remembers that the nine elected members of the last term were the local Hang Seng Bank, Bank of East Asia, Heung Kong Bank of China, and Wing Lung Bank.
And overseas Citibank, Mitsubishi Bank, Lloyds Bank, BNP Paribas and Deutsche Bank.
The overseas banks come from the United States, island countries, Britain, France and Germany.
Xia Yu asked Liu Tianci: "Who are the new elected members?"
Liu Tianci smiled and said: "The changes have not changed much, but the five overseas companies are Citibank, Mitsubishi Bank, Lloyds Bank, BNP Paribas and Deutsche Bank."
"The locals here are our bank, the Bank of East Asia, Heung Kong Bank of China and Hang Seng Bank."
"Wing Lung Bank was squeezed down by us."
"Wing Lung Bank plans to go public at the beginning of next year. Now that we are squeezed out, it will definitely be affected.
Xia Yu smiled, and said nonchalantly: "Don't worry about it, their strength was at the bottom of the four major banks in the previous session. They were selected in the previous session because of the support of Standard Chartered Bank~www.readwn .com~ squeezed out Nanyang Commercial Bank, otherwise it would not be its turn."
"Now there are four local banks. We are the first in strength and we don't need to care about them."
One more thing I didn't say is that Xia Yu has decided to acquire Standard Chartered Bank. Wing Lung Bank is a system of Standard Chartered Bank. The market value of the listing must be as low as possible, so that the cost of his acquisition of Standard Chartered Bank is relatively lower.
Among the four major local banks, Hang Seng Bank belongs to the HSBC faction. The Bank of East Asia, Heungjiang Bank of China, and his Jiuding Bank are independent Chinese banks. Standard Chartered Bank can be said to have lost a lot.
However, after he acquired Standard Chartered Bank, if necessary, Wing Lung Bank can be promoted. Then, he will be able to surpass HSBC in the voice of the Association of Banks.
But at that time, Wing Lung Bank must squeeze out the Bank of East Asia. This difficulty is not small. After all, the total assets of the Bank of East Asia at this time are about twice that of Wing Lung Bank.
Furthermore, the Li family behind the Bank of East Asia is a behemoth, very powerful at the political and commercial level, and it is not so easy to handle.
However, it is still far from that time. Standard Chartered Bank has not acquired it. It is useless to think so much.
Now the more important thing is to seize the opportunity and use power to come up with something beneficial to Jiuding Bank.
"God, pay more attention to the policy. Since you have this power, don't waste it, make contributions, and you can't get less benefits."
Xia Yu exhorted.
Liu Tianci smiled and nodded: "Chairman, don't worry, I will take care of it."
Xia Yu suddenly showed a relieved smile.
PS: Ask for a monthly ticket at the beginning of the month, please help me, thank you!
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