Chapter 1496 Establishing an Alliance
Before coming over for the meeting, Shen Bi looked for Bao Yugang first. On the one hand, the two are familiar with each other, but mainly because Bao Yugang has a deeper relationship with HSBC. As the first Chinese director of HSBC, I believe that I will not remain indifferent to the decline of HSBC. Although due to banking law regulations, the charter king has resigned from the HSBC board of directors. But the influence is still there. There are too many people within HSBC; they are all very familiar with each other and have deep friendships with them.
If even Pao Yugang cannot be won, then the final result will not be very good. At present, in the UK, there are only him and the boy from the Sanderson family; not to mention weak, at least there is no advantage in sight.
Even if Yoder intervenes forcefully through administrative means. Then the final result will not be very good. Moreover, Shen Bi could not ask Youde for help; after all, HSBC's historical status did not allow him to do so.
People used to think that in Hong Kong, you have to follow HSBC's rules of the game, otherwise you won't be able to enter; because they provide the ball, the stadium, the game certificate - and the opponent's team.
In the 100 years from the British occupation of Hong Kong to the outbreak of the Pacific War, the most important force that dominated Hong Kong's economy was the financial trade of Western ocean houses such as Jardine Matheson and Swire.
In Hong Kong in the 1960s and 1970s, the entire set of economic activities related to port trade, including shipping, shipbuilding, loading and unloading, and insurance, were like teenagers growing up in adolescence.
As Xiangjiang transformed from an entrepot to an industrialized city, the foreign companies that relied on entrepot trade also began to survive and integrate. In the fierce merger and acquisition battle, several powerful British-owned foreign companies emerged and gradually developed into a comprehensive consortium that monopolized the economic lifeline of Xiangjiang.
The most well-known among them are the four major British-owned foreign companies: Jardine Matheson, Hutchison Whampoa, Swire & Co. and Wheelock. However, without exception, they all have the most important backing: HSBC.
It can be said that before the rise of Heiyun Group and Bao Zixuan, HSBC was the rule-maker in Hong Kong. Shen Bi is the financial governor of Xiangjiang. Although he has no title, his power is not weak at all.
How could such a person beg Yoder? This old man who had just taken over as governor a few years ago. In Shen Bi's view, the Governor's Office should provide good services; as for Hong Kong's economic development and future planning, as long as there is HSBC, it is enough.
Now hearing what Bao Yugang said, Shen Bi's anxious heart finally relaxed.
Among the Chinese tycoons, who has the best relationship with Yukang Pao? Maybe Li Chaoren definitely counts, after all, the two have had many close collaborations. Although they are now growing up separately, the friendship is still there.
I saw Bao Yugang speaking, and what he said made sense. Of course Li Chaoren will continue to talk; at the same time, he is also telling everyone what double Li means.
Li Chaoren: "Sheng Bao is right. How can we ensure the interests of small banks like us? I hope HSBC and Standard Chartered can give an accurate answer."
Shen Bi understood what Li Chaoren said. After all, everyone has to survive first before talking about other things. Fortunately, he had already prepared, so he wouldn't let others suffer.
Shen Bi: "I have already thought of a response strategy for Li Sheng's concerns. Of course HSBC will not let it go. After all, we are also a responsible company."
"What I mean is to establish the Xiangjiang Bank Alliance. This alliance is only for those who are currently working on it. If any of our banks have any difficulties, they can raise them, and then everyone will jointly contribute to solve them in proportion."
"This also ensures that the banks we are working on will not have the risk of bankruptcy. For example, if Bao Bank needs funds, then the Xiangjiang Bank Alliance will provide funds to help it tide over the difficulties."
"If this fails to gain the public's trust, it means that depositors do not want to live in Hong Kong. It would be no shame to lose such customers."
Shen Bi's plan looks very feasible. But there is another problem, and that is the problem of loans from various banks. Thinking that there are several other companies to help cover the whole situation, no matter who gives you a loan, you will definitely not be able to collect it in the end. Does everyone have to share the responsibility? There seems to be no such truth in the world.
Bao Zixuan: "Shen Daban's idea is too simple. If someone maliciously overdrafts the bank's credit limit, we will also suffer losses in the end. At the same time, how should this ratio be determined? HSBC is willing to take the majority."
As a well-known person in the banking field, Shen Bi should not make such a stupid mistake. Could it be that it was supposed to expose a vulnerability, or had some other purpose?
Shen Bi said with a smile: "Shen will naturally consider Bao Sheng's concerns. After all, the operating conditions of each bank are different, and some banks already have a lot of non-performing loans. If they cannot survive and go bankrupt, we certainly can't Be the one to take advantage of me."
"What I mean is to establish an alliance so that the people of Xiangjiang can trust it. As long as it is a bank within the alliance, it will definitely be recognized. At the same time, the information released to the outside world can reveal some mutual aid plans within the alliance. As long as it is trusted by the people and depositors, So whichever bank you go to to make a deposit? For them, it’s all the same.”
"In this way, customers will not be attracted by interest rates, but will consider convenience and speed. At the same time, members within the alliance can share information. Once they encounter a financial crisis, they can also make good predictions."
Shen Bi wants to tell depositors that small and medium-sized banks can also be trusted. At least you don’t have to worry about being unable to withdraw your deposits and suffering financial losses. And it's just a word, and I don't want to take any risks. The euphemistic name of establishing an alliance is actually to put a shackles on Chinese banks.
Because only in this way can they absorb deposits according to the prescribed interest rates.
Of course, everyone will not be satisfied with this. It sounds good, but it has no practical benefits for them.
Although HSBC is powerful, it cannot be so unreasonable.
In fact, I heard Shen Bi talk about setting up an alliance. If one bank has a problem, other banks will help in proportion. Shark Dantong was still very excited, after all, the Zheng Family Cave was the largest here. If they can get help, the Zheng family will soon overcome the difficulties. But when I heard it next, it turned out that they were just talking about it and had no intention of putting it into action. Isn't this just a joke?
Bao Zixuan: "It's okay if that's the case, but if any company in the alliance has a problem. If we don't save it, we will definitely lose the trust of our depositors, and there may be bigger problems by then."
"The entire banking industry in Hong Kong will not be trusted by then. If that is the case, it would be better to maintain the current situation. Each bank should develop its own business and should not interfere with each other."
After hearing what Bao Zixuan said, everyone present finally understood what the richest man was thinking. He doesn't plan to have too much involvement with Xiangjiang, and he probably has thoughts of quitting in his mind.
Perhaps some business will be retained in Xiangjiang; but it will definitely not be the focus of future planning.
If you think about it carefully, it feels quite normal. After all, occupying such a large territory in the Middle East will also help other regions develop their economies.
Bao Zixuan can leave, they have the strength and territory. But they can't. At present, no one is thinking of leaving Xiangjiang. The bank alliance proposed by Shen Bi should really be considered. With the endorsement of a big bank and the strength of the controlling family, depositors will not have any doubts.
Huo Yingdong: "The establishment of an alliance is a good thing and should be supported. However, there is currently no unified standard for deposit interest. After all, each bank's situation is different, and the regulations are too rigid; on the contrary, it will make depositors feel that there is a deliberate element in it."
"Therefore, I suggest setting up a floating space, that is to say, deposit interest and loan interest; the price must be implemented according to this space, and no one can be an exception."
The two sides are currently at a stalemate, and procrastination is not the answer. If HSBC takes action, everyone will be in trouble. It's better for everyone to take a step back, so that everyone can have something to eat.
Huo Yingdong's status among Chinese businessmen is not to say number one, but he is definitely at the forefront. And this plan sounds quite reasonable. Therefore, it was quickly passed unanimously, and the interest rates for bank deposits and loans were also quickly formulated.
As for Shen Bi's so-called alliance, there is no problem. However, there is still no consensus on who should serve as president.
In fact, the matter is very simple. As long as Bao Zixuan fights for it, Shen Bi will definitely have no chance. Let Shen Bi serve as the chairman, but I am worried that the old boy will use his power for personal gain and will favor HSBC or British banks. But who made Bao Shoufang not interested at all, and even actively refused, and his attitude was very firm.
In the end, a compromise solution could only be adopted: the Hong Kong Bank Alliance; establishing a president and two vice-presidents. The combined rights of the two Vice-Presidents are the same as those of the President.
Shen Bi naturally became the first president of the Hong Kong Bank Alliance, while Fok Yingdong and Pao Yugang became vice presidents respectively. The richest man, Bao, was very Buddhist and no longer cared that much about Xiangjiang affairs.