The Rebirth of the Financial Hegemon

Singapore.

It is the fourth largest international financial center after New York, London and Hong Kong.

Known as one of the "Four Asian Tigers", its economic model is called "state capitalism."

It is also the only developed country in Southeast Asia.

Due to various historical reasons, Singapore is the largest Chinese base in Southeast Asia, and most overseas Chinese businessmen from Southeast Asia live in Singapore.

Of the 5.5 million Singaporeans, more than 74% are Chinese.

Especially in the southeastern provinces, Guangdong and Hainan, more than 40% of them are from southern Fujian, followed by Chaoshan people.

Mr. Liang Sicheng once said: "Architecture is the carrier of history, and architectural culture is an important part of historical culture. It embodies human beings' memories and emotions of their own history."

Therefore, Singapore has the shadow of classic British architecture, Chinese-style houses, and Indian and Malay architectural styles.

In the city of Singapore at the southern tip of Singapore, there is a Chinese-style mansion covering an area of ​​100 acres.

Golf courses, swimming pools, pavilions and pavilions, the elegant environment is no less than the palace of an ancient queen.

This is a house in Singapore owned by the overseas Chinese businessman Khoo Teck Pocket family.

Many people have never heard of the name Qiu Deba.

However, many people have heard of the company controlled by Qiu Teck Bo.

Qiu Debo's ancestral home is Haicang, Ludao, Southeast Province.

Born in Malaysia in 1917.

He is the richest man in Singapore and the founder of Malaysia's largest bank. Directly and indirectly holds 82.4% of Malaysian Bank shares.

The market value is approximately S$1.075 billion.

The biggest investment in Qiu's life was in 1986 when he teamed up with Hong Kong shipping tycoon Pao Yuk-kong and Australian businessman Robert Home to defeat Lloyds Bank's acquisition of Standard Chartered Bank.

Anyone who can become the richest man must have a brilliant life that is different from ordinary people.

Qiu Teck Bo is no exception.

In 1933, when he was only 16 years old, Qiu Teck Puat entered the Overseas Chinese Banking Corporation that his father co-founded.

In 1959, Qiu Deba, who had already become the deputy general manager of the bank, decided to leave and seek another career because he was unable to join the board of directors.

In 1960, he partnered with several people to open Maybank in Kuala Lumpur with a capital of 10 million ringgit (100 ringgit, approximately US$26.31).

Now, Maybank has become the largest and most well-known bank in Malaysia.

In 1986, Qiu Deborah was awarded a knighthood by the British government.

However, whether they are beauties or heroes, they will all grow old one day. Qiu Debiao, who is getting older, will gradually hand over all his business to his heirs.

Qiu Debo, born in 1917, is nearly eighty years old.

However, apart from the decline of physical functions, Qiu De had no other problems with his old eyesight, his dimness and his lack of flexibility.

Reading and reading newspapers to observe the international situation is still his daily habit.

As the helmsman of the Qiu family, how can he be easily relieved even if the power is gradually transferred to his successor.

In other words, in the eyes of elders, children will always be children.

Therefore, even though he is already retired, Qiu Teck-Bo will still observe the global economic and political situation every day as he did in the past.

On the TV, Singapore TV is playing news.

This is one of Qiu Teck Bo's must-watch programs every day.

Suddenly, a piece of news on TV caught Qiu Debiao's attention.

"The following is a briefing from Thailand. In the past month, the Thai stock market has plummeted by nearly 50%, and more than one trillion in market value has been evaporated in the crash.

Affected by the stock market, Thai real estate has also shown signs of collapse, with real estate properties in Bangkok, Chiang Mai, Pattaya and other places experiencing declines ranging from 30% to 50%.

The rapid collapse of the stock market and real estate aroused great resentment among the Thai people. More than 100,000 people launched dissatisfaction and protests against the Thai government. Former Prime Minister Banhan Sipa Acha was forced to step down under the pressure of public opinion.

Army General Chavalit Yongchaiyu is elected as the new Prime Minister of Thailand..."

The picture shows part of the Thai people taking to the streets to demonstrate. Countless Thai people lined up to demonstrate in front of the Prime Minister's Office of Thailand.

The screen flashed and then switched to a picture of former Thai Prime Minister Banhan Sipa Achai being attacked by rotten eggs and rotten vegetable leaves.

"The new Prime Minister Chavalit Yongchaiyu said that he will invest up to 500 billion baht in bilateral rescue. This is the main political stance of Chavalit Yongchaiyu to win votes..."

Thailand, as one of the four tigers in Southeast Asia, the collapse of its stock market and real estate will inevitably have a huge impact on neighboring countries.

After the news was over, Qiu Debiao frowned and considered how much impact this matter would have on the Qiu family's industry.

The Qiu family's assets are mainly in Malaysia and Singapore.

In particular, the Qiu family's Bank of Malaysia has invested a large amount of funds in the real estate business during Malaysia's economic development in recent years.

The collapse of Thailand's stock market and real estate set off alarm bells in Qiu Teck Bo's heart.

Fortunately, there are currently no major problems in Malaysia's stock market and real estate. Amid the plummeting Thai stock market, the Malaysian stock market still reached new highs.

After thinking about it for a moment, Qiu Debiao still felt a little uneasy.

After picking up the phone and explaining everything to the family's management, he finally breathed a sigh of relief.

Having been a businessman all his life, Qiu Defu is very aware that there are crises everywhere in the shopping mall.

Maybe if you are not careful, a lifetime of hard work will be in vain.

I hope Malaysia and Singapore will not be affected by the Thai market this time.

"Ring ring ring..."

Suddenly, the phone Qiu De dialed that he had just put down rang.

The number is an internal phone number from Hong Kong.

"Hey...what did you say? How could this happen?"

Hong Kong, Standard Chartered Bank headquarters.

George King is no longer the handsome man he once was.

His handsome face was covered with uneven stubble, and his hair was as messy as a chicken coop.

Even the suit he was wearing was crooked.

Now George King is like a down-and-out drunkard, completely lacking the image and temperament that a banker should have.

George King never imagined that the policy that he thought would bring huge profits to the company would become a talisman that would lead Standard Chartered into hell.

During this time, George King felt extremely tortured.

Almost every day, George King spent his time in regret and suffering.

It's just that regret is always cheap and has no meaning other than tormenting people.

George King smoked a cigarette dejectedly.

He looked at the ceiling and thought.

Last year, Li Sen brought down Bahrain. Should I bring down Standard Chartered this year?

Damn it, why did it suddenly become like this?

On February 23, 1995, Barings Bank, one of the oldest banks in the UK, declared bankruptcy.

Historically, the Baring family, which founded Barings Bank, has received five hereditary titles.

But no one expected that this bank would eventually be destroyed by a young boy named Nick Leeson who was only 28 years old.

Eventually, Barings Bank became insolvent and was sold to ING for a token price of one dollar.

Today's Standard Chartered Bank is no better than the original Barings Bank.

Even worse than the situation faced by Barings Bank.

It took Bahrain nearly a year to go from loss to bankruptcy, which can be considered a gradual process.

At the very least, Nick Leeson also enjoyed the excitement and excitement brought by the transaction.

But now, with only a few months left, Standard Chartered is about to face the same situation as Barings Bank.

All this is because of an insurance policy.

A policy that could have brought Standard Chartered nearly one billion Hong Kong dollars in net profit.

A few months ago, Standard Chartered signed a super insurance policy worth US$200 million with an investment company after careful investigation and research.

That policy, according to the market trajectory, will bring more than US$100 million in net profits to Standard Chartered every year.

According to Standard Chartered's original highest risk assessment, it can be said that there is no risk at all.

But there was a problem with this insurance policy, which did not involve any risks, and which could bring more than 100 million yuan in net profits to Standard Chartered every year.

This problem is serious enough to drive Standard Chartered into complete bankruptcy.

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