Reborn Xiangjiang Tycoon Growth

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. His current idea is to solve the problem quickly, and then integrate HSBC's global resources to overwhelm other banks in Hong Kong in scale. .

Puves has been invited to have tea, and Shen Bi is fully cooperating. The staff of the Finance Department are even more straightforward in their operations. They don't care about the losses of HSBC. As long as there is a sell-off of Hong Kong dollars in the market, they directly use the local HSBC bank. Regarding the exchange of foreign exchange reserves, this wave of operations made the professional traders of Morgan Bank somewhat confused.

HSBC is the number one bank in Hong Kong and number one internationally. But how can it be so amateurish in its operations? It doesn't even understand the basic operations. What's going on?

Oakley, the person in charge of Morgan Bank Hong Kong, was even more confused. What did Shen Bi mean? They had just exchanged Hong Kong dollars for Morgan Bank and got shares of Ocean Mile Bank; they then started 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, direct, and even has the aura of burning the boat, which makes Morgan Bank not 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. It was not that everything would be fine just by acquiring a small bank. Without the help of the Morgan family, HSBC could not survive in the United States.

The banking industry in any country needs the help of the government and consortiums to develop, let alone the powerful United States. Does HSBC dare to play tricks on the Morgan family 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 started hiding from himself. He didn't want to make Morgan Bank feel better, and I can't make you feel comfortable either. Oakley quickly asked the driver to take him. Go to 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's too late to hide at this time, how can Oakley find him?

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

Seeing this situation, he knew 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 is William Morgan, Rachel Morgan’s brother. After listening to the report from Hong Kong, from the perspective of the operations of HSBC’s branches around the world, a comprehensive analysis shows that HSBC is likely to be Government trusteeship. In other words, the Xiangjiang 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 JPMorgan Bank has not taken any advantage for three consecutive days. However, HSBC's foreign exchange reserves are running low. If JPMorgan 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 were required to participate. Now is a moment of life and death for HSBC Bank. No matter what, shareholders must be given an explanation. Small shareholders also have the right to know, and they must 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.

For this meeting, the hotel had stopped accepting any guests three days ago. Shen Bi even called the directors who lived in the UK. He had to send representatives to attend even if he didn't have time. After all, the matter was too big and everyone's interests were 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 as chief executive 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 at this time."

"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, which means 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, suspension 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. I can proudly say to everyone at the board meeting 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 shoulder 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."

"Hua Ying's negotiations on the Hong Kong issue have never produced 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 only 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 made a mistake, 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 strategy of using retreat to make progress is very clever. The future general manager Pu Weishi will be selected by the Independent Commission Against Corruption. No one left has the qualifications and prestige to be qualified for the position of the top class. In addition, it is a mess now. HSBC The shareholders' meeting believes that no one except Shen Bi can turn the tide.

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 close relationship with Shen Bi said: "Shen Taipan, we believe you. Although HSBC has lost some rights and interests, will they be able to maintain these rights and interests 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 asked us for help. Morgan had to come forward to acquire Ocean Millennium Bank. HSBC would not only spend a huge price to come forward, but also the U.S. Department of Commerce It is not yet certain whether this acquisition will be approved."

"Board 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 it after it takes back Hong Kong. HSBC’s globalization is something that can be seen. After all, That's where Ocean Millan Bank is located.

Except for individual directors who abstained from voting, the vast majority of directors gave Shen Bi a vote of confidence. In other words, Shen Bi still retains his position as chief executive of HSBC, which makes him feel relieved. All that remains is to deal with the Morgan Bank loan. For the follow-up matters, it seems that now we can only discuss it with several other banks. The most important thing is Heiyun Bank, which still asks for help from Bao Zixuan. Knowing that this time there will be a big price to pay, Shen Bi has no choice.