Rebirth of Hong Kong 1981

   Chapter 538 Ten Billionaires

   A groundbreaking press conference held by Hang Seng Bank at noon shook the entire Hong Kong.

  ATV news channel repeatedly broadcasts a news story every half an hour. The video of the live press conference of Hang Seng Bank, the entire report is broadcast in turn, as if they are afraid that others will not know.

   After get off work at 5 or 6 o'clock in the afternoon, the evening papers of various news newspapers in Heung Kong finally came out.

  In the streets and alleys, the newspapers in the roadside newsstands are selling like crazy.

  'Hang Seng Bank changed hands - major shareholder changed - HSBC sold most of Hang Seng's stocks - big talents settled in Hang Seng Bank! ’

   'Hang Seng Bank's financing and share expansion - the talented man has invested 2 billion - the holding of Hang Seng shares has exceeded 80%! ’

  ‘Hang Seng Bank announces that it will apply for delisting from now on—Xiangjiang ushered in the delisting of the largest listed company in history! ’

  'New tens of billionaires are born - big talents show their skills again - the youngest tens of billionaires in history are born! ’

  …

   As before, Yang Chen once again dominated the entire Hong Kong news media and newspapers without any suspense.

  His big avatar appeared in major newspapers and newspapers, with bold and black headlines, which were very eye-catching.

   Before, everyone still had reservations about Yang Chen's worth. Now that Hang Seng Bank has changed hands, Yang Chen has invested no less than 4 billion Hong Kong dollars. Now no one can deny his strength.

  Hang Seng Bank, the first bank of Hong Kong Chinese, was acquired by Yang Chen, and the shares held by it exceeded 80%. If this news was not released by Hang Seng Bank, everyone would not believe it.

   Since the 1965 banking crisis, Hang Seng, the first Chinese bank in Hong Kong, has become a subsidiary bank of HSBC.

   In the following ten years, the status of Hang Seng Bank has remained unchanged, and it has always relied on the support of HSBC to firmly occupy the position of the first line of Chinese in Hong Kong.

  Although the development of Hang Seng Bank is still dominated by senior Chinese, Hang Seng has fundamentally become a British subsidiary.

  Since the 1960s and 1970s, Heungkong entered a period of rapid development, and the strength of Chinese capital began to increase. In recent years, with the strong rise of a number of Chinese capital consortia such as the charter king, Li Chaoren, and Li Huiji, the proportion of Chinese capital in Heungkong's economy has continued to increase.

   However, whether it was the chartering king's seizure of the Wharf, or Li Chaoren's entry into Hutchison, they were not as shocking as Hang Seng Bank's change of owners, which was exciting.

  In a capital society, banking institutions are the financial centers, and no matter how big or strong an enterprise is, it is inseparable from the support of banks.

  No one thought that someone could get Hang Seng Bank back from HSBC.

  Hang Seng Bank, as the first Chinese bank, has a pivotal position in the hearts of the Chinese in Hong Kong. Now that Hang Seng was acquired by Yang Chen, Yang Chen's reputation has surpassed that of the charter king and other old-fashioned millionaires in one fell swoop.

   At the age of less than 20 years old, in just a few months, he transformed from a young man known by the title of son-in-law of a wealthy family to a billionaire worth tens of billions.

  To be honest, in the boundary of Xiangjiang, you can count the worth of Yang Chen with just one hand.

  What is the charter king, Li Chaoren, in everyone's eyes, it has become a thing of the past, especially the young people, they admire Yang Chen beyond measure.

  Compared to Yang Chen's promotion to the ranks of tens of billionaires when he was a teenager, those who have worked hard all their lives to reach this level are a bit underwhelming.

The horror of    potential is jaw-dropping.

   This is also the reason why Shen Porridge, the HSBC Taipan Wang, supported Yang Chen with all his strength, and even gave away the Hang Seng Bank.

  Although everyone doesn't quite understand why HSBC sold Hang Seng Bank to Yang Chen, the support of King Shen Dapan is absolutely indispensable here, that's for sure.

  The heads of the major families in Xiangjiang couldn't help but sigh after seeing the news of Yang Chen's entry into Hang Seng Bank in newspapers.

Before, Yang Chen could still be said to be a hidden dragon in the abyss. Although the potential is unlimited, everyone didn't take it seriously. After all, Yang Chen's age is there, and sometimes things like qualifications can't be said in a few words. clearly.

   But now that Yang Chen has mastered Hang Seng, the No. 1 Chinese bank in Hong Kong, it is like a dragon entering the sea, and no one can trap him from now on.

   In the face of absolute strength, everyone has to bow their heads obediently.

  To say envy, everyone is really envious, but most of the rich don’t envy Yang Chen himself, but his two future fathers-in-law, especially He Gam & Wang.

   With Yang Chen's growth rate, the Xue He family will gain benefits in the future, which is absolutely indispensable.

   Of course, even if Father Xue gets more benefits, he will eventually return to Yang Chen's pocket. After all, the Xue family is only one daughter of Xue Yufei, and everything from Father Xue in the future will always be inherited by Xue Yufei.

   This is typical, the left hand goes out and the right hand goes in

  Only the lottery & king can really make a lot of money.

  Yang Chen settled in Hang Seng Bank, which made the Hong Kong Huazi Consortium very excited, but Hang Seng's stock price did not rise at all, but dropped a lot.

  Why?

   is simple

  Without the backing of the quasi-central bank, HSBC, Hang Seng Bank would have lost a large treasury, and its ability to resist risks would be greatly weakened. Even if Yang Chen was rich, he would not be able to compare with HSBC.

   At the same time, Hang Seng Bank announced its delisting at a press conference. This heavy news, to a certain extent, also dampened the enthusiasm of investors.

   Everyone saw that the stock price did not rise, but fell, so naturally they sold the shares in their hands.

  5% of the shares, which is not a lot, was eaten by Yang Chen alone in one afternoon.

   In the face of Hang Seng Bank's application for delisting, the stock exchange said it was very embarrassing. Hang Seng is different from other listed companies. To a large extent, its delisting will cause violent reactions from all parties.

   Therefore, even if Hang Seng Bank has reached the delisting standard, the heads of the Sihui Exchange all called to persuade them.

   Now that the Hang Seng Index has fallen dramatically, if Hang Seng Bank is delisted again, when the Hang Seng Index falls to the bottom, I don’t know how many people will go bankrupt overnight.

   For this reason, Yang Chen had to ask Li Guowei to temporarily suspend Hang Seng Bank's delisting application, and change it to an indefinite suspension.

   Now most of the shares of Hang Seng Bank are in his hands, and it is the same whether they are delisted or not. Where they are temporarily parked, and when he returns from the UK, he will re-list Hang Seng.

  Although this is not in line with the rules, the rules are originally set by people. In special stages, in the face of special circumstances, it is naturally a special treatment.

   At this time, Hong Kong has not really become a financial center in Asia. Before the island country did not experience the real estate bubble, Hong Kong could only be regarded as the second largest financial center in Asia at best, far from being tied with London and New York in later generations.

  ——

   (end of this chapter)