The Rebirth of the Financial Hegemon

Ludao City, Southeast Province.

The address George Jin mentioned made Farmer Li narrow his eyes involuntarily.

Because Qiu Debao’s ancestral home is in Haicang, Ludao.

This was such a coincidence that Li Caneong couldn't even think about it.

Due to the complicated logic and inability to explain historical issues, most Chinese people do not know much about the history of Southeast Asian countries.

When talking about overseas Chinese, what usually comes to mind are Chinese from Europe and the United States.

But the fact is that overseas Chinese in Southeast Asia have made indelible contributions to the development of China.

Even the history of Southeast Asia can be said to be half related to the Chinese.

Especially in Malaysia, Singapore, the Philippines, and Indonesia.

The influence of the Chinese once exceeded that of the local aborigines. More than half of the wealth in Southeast Asia is in the hands of the Chinese.

Take Singapore for example.

Regardless of wealth, population or the ruling party, almost all are Chinese-dominated.

In Singapore, Li and Qiu account for almost one-third of Singapore's total wealth.

The Qiu family and the Li family of the ruling party are bound by a political and business marriage.

However, this kind of in-law relationship is based on a relationship of interest.

In fact, the two families are also wary of each other beyond their own interests.

The reasons are complex.

The political ideas of the Lee family in ruling Singapore are based on anti-China political arguments.

It is precisely because of this that the Lee family has gained the support of Western countries and can control Singapore's dominance.

The Qiu family, as a business giant, naturally puts profits first.

Before Singapore became independent, the two families were involved in each other's interests. After Singapore became jealous, it was normal to establish a political and business alliance.

But one thing is clear, the center of everything is profit.

However, in recent years,

Mainland China has changed all kinds of unstable factors in the turbulent years. The two decades of peace have allowed people with vision to see the prospects of the mainland's future market.

Qiu Debiao is a businessman. If the Qiu family focuses on the mainland market, there is no need to tie him to the Li family's chariot.

Everyone knows that no matter how well Singapore develops, it will always be a foil when compared with the mainland.

Under such circumstances, it makes sense for the Qiu family to trick the Li family if they want to move closer to the mainland.

Regardless of political stance or interests, the Qiu family may have motives to cheat the Li family.

If the shares of Temasek Mobile and Standard Chartered were lost, although it would not devastate the Li family, it would certainly be a considerable loss.

Not to mention the Li family's strategic plan, just based on the actual value of Standard Chartered, it is still a lot of money.

This is driven by profit.

Politically.

The Li family's ruling party has repeatedly exaggerated its exclusionary remarks against China in the international media.

Comparing one's feelings with one's own, the mainland would definitely be dissatisfied with the Li family.

If the Qiu family wants to develop in the mainland, then cheating the Li family once with Standard Chartered can undoubtedly be used as a political vote.

A big country needs a face.

If the Qiu family cheated the Li family once and deliberately revealed to the mainland that they wanted to develop in the past, they would definitely be favored by the mainland.

Look, aren't your Li family against us? Don't you look down on us?

Then why does your biggest ally come to us?

Under such circumstances, if the Qiu family wants to develop in the mainland, they will inevitably receive some special care.

Kill two birds with one stone.

As long as Standard Chartered deceives the Li family once, it will be a hundred benefits and no harm to the Qiu family.

The more Li Canong thought about it, the more likely it became.

Otherwise, everything seems too coincidental and just like a story.

Jushi Capital, a little-known company.

Such a little-known company could actually spend $200 million to play a betting agreement.

Two hundred million U.S. dollars, converted into RMB on the black market, would be nearly two billion U.S. dollars.

How many people or families in China can afford so much money?

And that contract text that couldn’t be more professional.

Except for giants who have been immersed in the financial industry for decades, ordinary international capital cannot think of such a thing.

At least, Temasek Group and even the Lee family cannot make a contract so flawless.

Sealing any blind spots is invulnerable.

What’s even more outrageous is that the actual controller of Jushi Capital is also from Southeast Province and Ludao.

All of this seems problematic no matter how you look at it.

Li Canong's eyes narrowed tighter and tighter, and he asked in his mind.

Is this really a trap by the Qiu family?

This time, the representative sent by the Qiu family was also directly related to the Qiu family.

Qiu Mingkai.

The leader of the third generation of the Qiu family.

It's a pity that Qiu Mingkai doesn't know how to tell people's minds, otherwise he would be so angry that he would burst into tears.

In terms of losses, the Qiu family and the Bao family have suffered the most.

The two companies each hold 14% of Standard Chartered's shares.

But suddenly, all 14% of the shares will be turned into waste paper.

In terms of the degree of aggrievedness, the Qiu family is naturally more aggrieved.

However, the Qiu family started out in the banking industry, and they look at problems more from a business perspective.

After confirming that no loopholes were found in the credit default swap, Qiu Mingkai immediately reported the inevitable results to the family.

Regarding all the equity interests of Standard Chartered, Qiu Mingkai is not qualified to handle it yet.

He needed someone truly at the helm to decide what to do.

At this point, no one can do anything. The Qiu family's final decision is to report to the Central Bank and hope to get help from the Central Bank if possible.

If the central bank is willing to take action, it may also be able to help Standard Chartered survive this crisis.

Standard Chartered Bank is a commercial bank registered in the UK.

So, the responsible central bank is the Bank of England.

That is the Bank of England.

The Qiu family was able to establish the Bank of Malaysia when Malay was still a British colony, so their relationship with the Bank of England was naturally relatively close.

Without the approval and acquiescence of the Bank of England, the Khoo family's Malaysian bank would not have been able to establish and develop.

As the largest individual shareholder of Standard Chartered, after the passing of the shipping king, the Qiu family naturally has the most say among all shareholders of Standard Chartered.

After some consideration, Qiu Mingkai dialed the UK number.

But the result made Qiu Mingkai very disappointed.

The Governor of the Bank of England was almost furious to death when he learned that Standard Chartered was about to go bankrupt due to operational problems.

You know, what Standard Chartered means is that Queen Victoria personally approved it.

But now, the bank that the Queen personally approved is on the verge of bankruptcy.

This is undoubtedly an embarrassment to the British royal family.

The Governor of the Bank of England is an aristocratic gentleman holding the title of earl.

But after Qiu Mingkai reported the situation of Standard Chartered, the earl president cursed on the spot regardless of the etiquette of a gentleman and aristocrat.

Because Barings, one of the oldest banks in the UK, just declared bankruptcy last year.

It has only been a year and another well-known bank in British history is about to collapse.

This makes the Governor of the Bank of England seem to be witnessing the decline of the British Empire.

And there was nothing he could do.

He could not prevent the decline of the British Empire, and he could do nothing to prevent Standard Chartered's huge losses.

If it could, the Bank of England would not have watched Barings declare bankruptcy last year.

In the end, Qiu Mingkai had no choice but to hang up the phone.

The Bank of England does not dare to save the current Standard Chartered, let alone other peers.

The Qiu family cannot afford billions of dollars in losses. Even if several major shareholders join forces, they may not be able to absorb the losses faced by Standard Chartered.

Who knows how much money Standard Chartered lost on that credit default swap.

Qiu Mingkai combed his hair helplessly and cursed.

"Damn it, what kind of ghost company is this Jushi Capital!"