Reborn in Hong Kong: The Tycoon Grows Up

Far East Bank is a small bank, and many things do not follow the rules. Although HSBC has lost its status as a quasi-foreign bank, it is still a behemoth in Hong Kong. A hasty attack on small and medium-sized private banks will inevitably be met with resistance and resentment; in serious cases, it may even trigger an investigation by the Governor's Office and the financial department.

Although Shen Bi didn't care about this, no one wanted to cause trouble for himself. It would be fine if the acquisition is successful, or if the small and medium-sized banks are run and collapsed; if they still survive, then it is really a waste of money. Now that Shardantong actually wants to deal with small and medium-sized banks, this may be an opportunity.

There is no need for HSBC to come forward, the bad guys let Shark Dan do it, and even the Hong Kong government can't find any fault. Black Cloud Bank is putting more and more pressure on Shen Bi. If he can't find a way, then HSBC's position will be even more embarrassing.

If all small and medium-sized banks in Hong Kong are acquired or merged, HSBC's survival space will undoubtedly increase. And with the advantage in the European market, although it is impossible to defeat Heiyun Bank, it can definitely fight in separate courts. The more I thought about it, the more I felt that the plan was feasible. After all, HSBC would not have to bear the responsibility if something went wrong, and the blame would be thrown directly to Shardantong.

We must plan carefully and never let government departments find fault with HSBC. In this matter, HSBC must appear as a powerful savior, and it must not be the culprit who takes advantage of the situation or provokes a war.

Shen Bi: "I don't know what Zheng Sheng has in mind. If the plan is feasible, HSBC will definitely support it fully."

Shen Bi was not optimistic about Sha Dantong's strategy before, but the other party came with a very strong purpose. Exchanging bank loans with HSBC is more of a pretense; its real purpose is to borrow money and cooperate. As long as the loan uses high-quality assets as collateral, everything is easy to negotiate.

As for other cooperation, Shen Bi really didn't dare agree. The Far East Bank has such a big hole, and it has just started. If you have too much business dealings with such a bank, you will easily suffer losses if you don't do it well. But it is very feasible for HSBC to reap the benefits by letting the other party stir up trouble and create trouble for other small and medium-sized banks in Hong Kong.

Even if something goes wrong and Shardantong can be pushed out, HSBC will definitely not suffer any loss.

Zheng Yutong: "First of all, I plan to use rare earth minerals as a cover to issue rare earth bonds in Far East and HSBC banks. After all, with the popularity of Bao Zixuan, rare earth minerals have become very popular."

"As long as the income from the bonds is higher, it will definitely attract more savers. This time the bonds are only issued to people in Xiangjiang. After all, the customers of various small and medium-sized banks are basically local people in Xiangjiang."

"They will definitely withdraw funds from other banks and then purchase rare earth bonds, and then the funds will inevitably flow to Far Eastern Bank and HSBC. When the deposits of small and medium-sized banks are almost consumed, then we can take advantage of the opportunity."

Sha Dantong said it very simply, but Shen Daban was a smart man and he immediately understood what he meant. Use rare earth minerals as a cover to promise high returns and absorb funds from the market.

But there are a lot of variables here. What will happen when the funds are insufficient or the returns are not that high when the payment is made in the future? He doesn't care if the Far East Bank collapses, but HSBC must not be involved.

Shen Bi: "Zheng Sheng's strategy is very good, but how to solve the redemption problem? If you want depositors to withdraw money from other banks, they must use high returns to attract them. But if the returns are too high, the returns from rare earth minerals may not be able to . And now it seems that Zheng Sheng is not the only one who has the final say in rare earth companies. In addition, Zheng Sheng’s ability to cash out mining companies is still worse than Bao Zixuan; these are issues that savers will consider."

They are more professional, and their worries are justified. Fortunately, Shardantong had already had a response strategy; he said with a smile: "I will design the bonds into two modes. One is very short-term, but the income is relatively average, only higher than the current bank interest; that is, let people take a look Redeemability of rare earth minerals.”

"The other one takes a longer time, and the income will be considerable. Sign the agreement at the same time, and when the rare earth mineral company is listed, the corresponding stocks can be exchanged. This gives us a buffer period and we can use the funds to do many things."

Shardantong’s design is quite reasonable. It uses short-term returns to convince savers and then buys long-term bonds. After all, if you can get shares of rare earth mining companies, no one will refuse.

If he didn't know the situation of Far East Bank and was a financial practitioner, Shen Bi might be interested himself.

Shen Bi: “Currently, if you want to issue bonds in the name of a company, you must obtain the consent of the chartering king.”

In fact, this is one of the reasons why Shark Dantong came to find Shen Bi. With his current relationship with Bao Yugang, the other party will definitely not buy it. But when Shen Bi came forward, the situation immediately changed. The relationship between the two is extraordinary, and it is difficult for the charter king to refuse. The most important thing is that the Bao family still needs to rely on HSBC for many things, and they cannot do things too badly.

Zheng Yutong: "This is also the reason why I came to find Shen Daban. On my own, Bao Yugang might not buy it. But if Shen Daban takes action, few people in Xiangjiang will refuse."

He really asked himself to negotiate with Bao Yugang. Shen Bi thought about it; maybe it was really a rare opportunity. Only by continuously compressing the living space of small and medium-sized banks will HSBC's life be better.

Although HSBC is an established bank, Black Cloud Bank has more obvious advantages. In Xiangjiang, because of Heiyun Group's huge business volume and hundreds of thousands of employees, these are the best customers. There is also the most advanced ATM machine in the world, which does not require any handling fee at all for deposits. It only charges a nominal charge of two thousandths when withdrawing money; and the limit is 50 Hong Kong dollars. This trick has attracted many customers, especially small traders and nightclub practitioners who need to save money in the middle of the night.

Since it can't compete with Heiyun Bank, it can only think of ways from other aspects. Small and medium-sized banks in Hong Kong are undoubtedly a good target. And with Zheng Yutong coming forward this time, Shen Bi didn't have to take any risks at all.

HSBC helped issue the bonds and received a considerable commission fee. No matter how you calculate it, you won't suffer any loss; Shen Bi will certainly not refuse such a good thing.

Shen Bi: "I'll call Bao Yugang right now to see where he is. We'll go over and see him."

Hearing this, Shadan Tong immediately understood what it meant. It seems that as his wealth continues to increase, Shen Bi also knows the gap between him and Hong Kong's super tycoons. If this had been done before, I would have definitely asked you to come to the office to discuss it in detail. If you want to gain respect from others, you must have equal strength.

Since it was decided, Shen Bi didn't talk nonsense; Zheng Yutong was very anxious and even couldn't afford to delay.

As for the shipping king Bao Yugang, he was listening to his second son-in-law's work report in the office at this time; he did not expect that the matter would be so serious. I just wanted to let out a sigh of relief, but I didn't expect that in the end, I got the advantage of Shardantong again; and the fellow villagers would definitely think that the Bao family was an accomplice.

After all, in the eyes of others, Bao Yugang and Zheng Yu are both partners. Helping outsiders acquire local companies will inevitably lead to criticism. I worked hard and became a bad guy, but in the end, I succeeded Shark Daredevil. At this time, the boat charter king felt as if he had eaten a fly, not to mention how uncomfortable he was.

Wu Guangzheng: "After our family canceled all their accounts in Far East Bank and transferred all funds away, major companies and citizens in Hong Kong followed suit, causing Far East Bank's capital reserves to decrease at a speed visible to the naked eye. In the end, it was really I couldn’t hold on, so Zheng Yutong took advantage of me.”

"Currently, the Qiu family has packaged and sold Far East Bank to Zheng Yutong, and has completed all handovers."

"After Zheng Yutong took over the Far East Bank, the situation immediately changed. With just a guarantee, depositors stopped withdrawing money; many people even re-deposited the funds they had withdrawn before."

Wu Guangzheng was not a banker, so of course he didn't know that Qiu Degen had dug a big hole for Shardantong. In his opinion, the Bao family had been busy for most of the day and had become evil people, but in the end they made wedding clothes for the Zheng family.

At the same time, I also lamented that Zheng Yutong not only has a good life, but also has the ability to grasp time very accurately. At the beginning, I was thinking about how to take revenge on the Qiu family, but why didn't I think of acquiring Far East Bank?

The Bao family is definitely much stronger than the Zheng family. The chartering king has been the richest man in Hong Kong for a long time, and his foundation is better than Zheng Yutong.

Then, as a founding shareholder of Baohuodong Mining Company, he directly doubled his wealth. Although Shadantong acquired a lot of shares, it was still far behind the Bao family. But I didn't expect the other party to directly acquire a bank; if it develops, it may be a matter of time before the wealth and influence surpass the Bao family.