Chapter 1422: Bank of Bahrain!

Passing zero means that 1995 has arrived.

Yang Ming was still thinking about what would happen this year and what happened in Yang Ming's previous life in 1995.

However, Yang Ming already knew in advance that on New Year's Day in 1995, the World Trade Organization was officially established.

Before that, there was the General Agreement on Tariffs and Trade.

Yang Ming knew that historically China only successfully joined the WTO in 2002. It was also after joining the WTO that the country began its second wave of rapid development, making the country officially the world's factory and exporting a large number of products abroad.

However, before that, although there were exports, it was far behind compared to joining the WTO.

In addition, Xiangjiang and Haojiang are already members of the General Agreement on Tariffs and Trade, which means that when the WTO was established, these two regions directly became members of it.

What Yang Ming is thinking about is that the WTO will still be very important in the next twenty years, especially for global import and export trade.

Therefore, Yang Ming considered going to Far East City.

Far East City is now the center of Northeast Asia, Korea, Goryeo, and the country. If Far East City can join the WTO, it will be more important to the development of Far East City.

At this point, Yang Ming has to ask Li Caixin to negotiate with the WTO on his behalf and the Imperial Group to join the WTO as soon as possible.

Except this.

Yang Ming also thought of a very important news.

Barings Bank is about to fail.

Barings Bank was founded in 1763 by Sir Francis Barings. Due to its flexible and innovative operations, Barings Bank soon achieved great success in the international financial field.

Its business scope is also quite broad. Whether it is refining copper ore in the Congo, trafficking wool from Australia, or digging the Panama Canal, Bahrain Bank can provide loans.

However, in Yang Ming's previous life, on February 26, 1995, Bahrain Bank, a world financial bank with great influence, declared bankruptcy.

In other words, this bank is still very important to Yang Ming and Imperial Group Financial Group.

Before bankruptcy, Yang Ming felt that it would be best if he could win it.

Have a night's rest.

Early the next day.

Today is January 1, 1995, New Year's Day.

Today is also Sunday.

After Yang Ming got up for a walk, while having breakfast, A-Zhu brought today's morning newspaper and handed it to Yang Ming to read.

Yang Ming noticed that today's front page news was indeed about the official establishment of the World Trade Organization, that is, the official establishment of the WTO.

Among them, Xiangjiang is one of the members.

Many people also realize that the WTO is of great significance.

However, Yang Ming is very clear that historically, after China joined the WTO, the country has developed rapidly, and even Guancheng has become the world's factory, and a large number of products have gone from Guancheng to the world.

On the other hand, Xiangjiang is a very important free trade port. Before this, many domestic products, or many foreign products, came in through the port of Xiangjiang.

However, after joining the WTO, domestic ports and terminals developed faster.

In fact, it's all about tariffs.

However, Yang Ming knows that the country must seize the opportunity to join the WTO as much as possible. This is also an opportunity for the second wave of rapid rise in the country.

As for Xiangjiang, Xiangjiang has started to develop from the deformed real estate industry to the technology industry. Although the port is still very important, compared to Yang Ming's previous life, it is no longer that important.

finish breakfast.

Yang Ming returned to the third floor.

Reminds me of Barings Bank.

Yang Ming called Lin Xiuzhi and asked Lin Xiuzhi to notify Mai Lisi and Huo Jianning to come and see him.

Two hours later.

Mailisi and Huo Jianning came by car respectively.

After they come down, go to the third floor.

"Boss." Merliss and Huo Jianning greeted Yang Ming respectively.

"Originally, today is New Year's Day and it's Sunday. You were supposed to have a rest. Now that I'm calling you here, I'm disturbing your rest."

Yang Ming knew that the income of professional managers in Nanyang was very high, but when working for the boss, they did not get any holidays at all. The mobile phone in their pocket had to be in contact with the boss at any time.

However, Yang Ming feels that people are people and machines are machines. There is no need for people to die like machines.

"Boss, what's going on?" Melis asked.

"I'd like to know about Barings."

Barings Bank?

Melis is from country Y, so of course he knows about Barings Bank.

Huo Jianning had also heard of Barings Bank a long time ago.

It can be said that Barings Bank still has a very important position among global banks.

"Boss, I have to go back and investigate." Meris said.

Although he understood it, it was not detailed, so he needed to go back and have someone investigate all the information about Barings Bank.

"Okay, I hope to get the highest price."

The boss is going to make an acquisition again?

Mailisi and Huo Jianning looked at each other, and they both had different eyes.

. . .

The two returned to the Empire State Building headquarters to work overtime.

On that day, people were immediately asked to investigate all the detailed information about the Barings Bank Group.

Soon, Melis and Huo Jianning both obtained a very detailed information on the Bahrain Bank Group.

Among them, the Bahrain Group mainly consists of four parts.

The first, Bahrain Brothers, is mainly engaged in corporate finance, banking and capital market activities.

Second, Barings Securities Company, aims to engage in securities brokerage.

Third, Barings Asset Management Co., Ltd., mainly aims at asset management and custody of personal assets.

Fourth, the group owns 40% of the shares in an investment bank in Country M.

However, unlike ordinary commercial banks, Barings Bank does not develop ordinary customer deposit business, so its source of funds is relatively limited, and it can only rely on its own strength to survive and develop.

In 1803, when the newly born Country M bought Louisiana in the south from Country F, the funds used came from Barings Bank.

In 1886, Barings Bank issued "Guinness" securities, and buyers poured into the bank with application forms like a tide. Later, police force had to be used to maintain it. Many people queued for several hours, bought a small amount of stocks, and then waited for an opportunity to sell them. By the time they sold them the next day, the stock price had doubled.

In the early 20th century, Barings Bank was honored to have a special client: the royal family of Y.

Due to the outstanding contributions of Barings Bank, the Baring family has successively won five hereditary titles.

This can be regarded as a world record, thus laying the foundation for the prominent position of Barings Bank.

The business expertise of Barings Bank Group is corporate financing and investment management. Although it is an old bank, Barings has been aggressive and further expanded its corporate finance business in the early 20th century, making great profits.

In the 1990s, it began to develop overseas and carried out extensive investment activities in emerging markets. In 1994 alone, it opened offices in Z, India, Pakistan, South Africa and other places. The business network points are mainly in emerging countries and regions in Asia and Latin America. By the end of 1993, the total assets of Barings Bank were 5.9 billion pounds, and the pre-tax profit in 1994 was as high as 1.5 billion US dollars.

Its core capital ranks 489th among the world's 1,000 largest banks.

From this, we can see that the potential of this Barings Bank seems to be very good in all aspects.