Reborn in Hong Kong: The Tycoon Grows Up

Shen Bi knew that the situation was irreversible, and the only thing he could do now was to cooperate with the Hong Kong government and convert all HSBC's foreign exchange reserves into Hong Kong dollars.

If the Hong Kong dollar crisis is not resolved, HSBC will be closed for one more day, which also means that Morgan Bank's loan time will be wasted for one more day. His current idea is to resolve the matter quickly and then integrate HSBC's global resources to overwhelm other banks in Hong Kong in scale.

Pu Wei Shi has been invited to have tea, and Shen Bi cooperates fully. The staff of the Financial Department were even more straightforward in their operations. They did not care about the losses of HSBC Bank. As long as there is a sell-off of Hong Kong dollars in the market, the foreign exchange reserves of the local HSBC bank will be directly exchanged. This wave of operations makes the professional traders of Morgan Bank a little confused.

HSBC is the number one bank in Hong Kong and number one internationally. But how could the operation be so amateurish? He didn't even understand the basic operation and what was going on.

Oakley, the head of Morgan Bank Xiangjiang, was even more confused as to what Shen Bi meant. They had just exchanged Hong Kong dollars for Morgan Bank and obtained shares of Ocean Mile Bank; they then began to burn bridges and use foreign exchange reserves to buy back Hong Kong dollars.

HSBC will not participate in the war, but Oakley has promised the family. Now it is so simple and direct, and even has the aura of burning the boat, so how can Morgan Bank not be angry.

Oakley quickly called Shen Bi and wanted to find out what was going on. After betraying his trust, he still wanted to develop in the United States. Everything would be fine just by acquiring a small bank. Without the help of the Morgan family, HSBC would not be able to survive in the United States.

The banking industry in any country requires the help of government and consortium to develop, let alone the powerful United States. If HSBC dares to play tricks on the Morgan family, is it because they don’t want to come to the United States to develop, or are they arrogant and think that the Morgan family is not good enough?

But what Oakley didn't expect was that Shen Bi didn't answer the phone. What did he mean? After using it, he began to hide himself. He didn't want to make Morgan Bank feel better, and I couldn't make you feel comfortable either. Oakley quickly asked the driver to take him to the HSBC headquarters.

How dare Shen Bi answer the call from Morgan now? Doesn't this tell the people of Xiangjiang that he betrayed them! It was too late to hide at this time, so how could Oakley find him.

When Oakley arrived at the HSBC headquarters, he saw that it was already semi-closed, with only some employees handling foreign exchange business. All other businesses are suspended. Not to mention Shen Bi, even other senior executives of HSBC were not in the office.

Seeing this situation, he knew that something might have happened to HSBC, and Shen Bi was likely to be controlled.

After Oakley left HSBC, he felt that things might not be that simple, so he quickly reported the situation to China.

This time, the person in charge of Morgan Bank’s short selling of the Hong Kong dollar was William Morgan, Rachel Morgan’s brother. After listening to the report from Xiangjiang, based on the comprehensive analysis of the operations of various HSBC branches around the world, HSBC is likely to be placed under government trusteeship. In other words, the Hong Kong government has reached the end of its rope. After all, direct takeover of the central bank is rare in the world.

William Morgan believed that as long as HSBC Bank's foreign exchange reserves were exhausted, there would be no solution for Hong Kong, so he ordered his subordinates to increase the intensity and amount of shorting the Hong Kong dollar in various financial markets.

HSBC’s foreign exchange reserves exceed 40 billion US dollars, so Morgan Bank has not taken advantage of it for three consecutive days. However, HSBC’s foreign exchange reserves are running low. If Morgan Bank comes over with 100 billion Hong Kong dollars after the loan expires, HSBC will definitely Bad luck.

Seeing that the bank was in this situation, Shen Bi quickly convened the board of directors again. This time, all directors are required to participate. Now is a moment of life and death for HSBC, and shareholders must be given an explanation no matter what. Small shareholders also have the right to know, otherwise it would be very troublesome to sue you.

At this time, there were many Finance Department staff in HSBC. Shen Bi did not hold the meeting inside the bank, but arranged it in a hotel owned by HSBC.

In order to meet the board of directors, the hotel had stopped accepting any guests three days ago. Shen Bi even called the directors who lived in the UK. Even if you don’t have time, you have to send representatives to participate. After all, the matter is huge and everyone’s interests are closely related.

After more than 100 years of development, HSBC has nearly a hundred shareholders who are qualified to participate in the board of directors. Shen Bi knows that whether he can keep his position in the top class depends on the attitude of the shareholders. At this time, he does not feel confident.

Shen Bi sat in the main seat and said: "Everyone should already know that the Hong Kong government has issued a notice of suspension of business and rectification to HSBC. In addition, the bank's general manager Pu Weishi and the credit department manager Mo Keyuan are drinking tea at the Independent Commission Against Corruption."

"Why did the Hong Kong government do this? Some shareholders already know that we provided a sum of funds to Morgan Bank in exchange for a controlling stake in Ocean Mile Bank. This means that we already have a bank in the United States, and the channel for development in the United States has been opened. .”

"This has been the dream of HSBC for generations, and it would have been a very happy thing to realize it in our hands. However, HSBC also paid for this with a decrease in mint share, closure of business for rectification, investigations of senior executives, and all foreign exchange reserves had to be used to rescue the market. price."

"I didn't dare to admit it at the Hong Kong government meeting. At the board meeting, I can proudly say to everyone that I agreed to this. Both Puves and Mok Yuan were executing my orders. In order to reduce HSBC's losses, they chose Take the responsibility and carry the burden for me."

"I, Shen Bi, am not a timid person, nor am I someone who lets my subordinates take the blame. Now that the two of them are under investigation, I feel more uncomfortable than anyone else, but I have no choice for HSBC."

"Huaying's negotiations on the Hong Kong issue have never yielded a clear result. We don't know what direction Hong Kong will develop in the future. If HSBC cannot achieve globalization before now, it will be very passive by then."

"Once HSBC loses some of its rights, we will have no advantage in Hong Kong. A bank cannot just look at one place, so I hope HSBC can achieve globalization and have our branches in any corner of the world."

"If we want HSBC to develop in the long term, we must give customers more choices. Customers can choose HSBC to handle exchange business in any corner of the world. This is my goal."

"Now the opportunity to achieve this goal is right in front of me. I choose to cooperate with my opponent for HSBC. This is indeed sorry for the people of Xiangjiang, but for HSBC, the development space will be broader and the prospects will be brighter."

"The board of directors is convened today to hear your opinions. If anyone thinks Shen Bi has done something wrong, I can abdicate and make way for someone else. As long as the successor can serve HSBC wholeheartedly, I have no problem."

It can be said that Shen Bi's move of turning retreat into advancement is very clever. Pu Weishi, the general manager of the future Taipan candidate, is locked up by the Independent Commission Against Corruption. None of the remaining people have the qualifications and prestige to be qualified for the position of executive director. In addition, the situation is now in a mess. The HSBC Shareholders Meeting believes that no one except Shen Bi can turn the situation around.

Moreover, Shen Bi did this so that HSBC could achieve its strategic goal of globalization. It may be greatly affected at the moment, but HSBC will not suffer in the long run.

A director who has a very good relationship with Shen Bi said: "Shen Taipan, we believe you. Although HSBC has lost some rights and interests, will these rights and interests be able to be maintained in the future? Everyone knows that when Xiangjiang returns to HSBC, some of its privileges will be taken away. It's a matter of time. At this time, it is indeed a once-in-a-lifetime opportunity to acquire a bank in the United States. This time, Morgan Bank is asking us. Morgan has no choice but to come forward to acquire Ocean Millennium Bank. HSBC will not only spend a huge price to come forward, but also the U.S. Department of Commerce It is uncertain whether the acquisition will be approved."

"Both directors, we must look at the problem from a development perspective. Only when HSBC achieves globalization will it be in an invincible position."

At this time, the slightly larger shareholders of HSBC are all British. It makes sense to hear someone say this. After all, China has no idea what will happen to Xiangjiang after it takes it back. HSBC's globalization is something that can be seen. After all, that's where the Ocean Mile Bank is located.

Except for individual directors who abstained from voting, the vast majority of directors voted for Shen Bi. In other words, Shen Bi still remained in the position of chief executive at HSBC, which made him feel relieved. The only thing left is to deal with the follow-up matters of the Morgan Bank loan. Now it seems that the only way is to discuss it with several other banks. The most important thing is that Black Cloud Bank still needs help from Bao Zixuan. Knowing that he would have to pay a heavy price this time, Shen Bi had no choice.