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"This merger has dragged on for long enough. Tomorrow, the London and Hong Kong Stock Exchanges will close their networks at the same time, launching a final decisive battle to win the absolute controlling stake in HSBC Bank in one fell swoop. Don't be afraid to spend money, the more equity you have, the better."
"Understood, chairman, we have already prepared, and we will arrange to do it."
"Well, let's go!"
? Seeing the back of Director Du Bo leaving with great confidence, Wang Yaocheng sat leisurely on the leather executive chair, turning the signature pen flexibly with one hand, full of ambition, and the journey all the way came to mind.
hehe!
The most important core industry for the consortium ~ HSBC is about to get it, it's not easy!
July 2, 1997
?The financial crisis in Southeast Asia originated from the fact that the Thai baht was attacked by international hot money and broke away from the fixed exchange rate system. This increasingly violent financial turmoil has swept across Southeast Asian countries, Taiwan, Hong Kong Special Administrative Region and other places.
Arrived in February 1998
The financial turmoil in Southeast Asia has spread to Japan, South Korea and other countries, and plunged South Korea and its own country into a serious financial crisis. All industries withered and the national economy was hit hard.
Under such a general situation with dark clouds overwhelming
? Royal Family Fund's continuous listing of HSBC in London and Hong Kong was just a bright spot in the dark clouds, which was quickly swallowed up by the dark financial storm without much ripple.
The rumors of mergers and acquisitions have been going on for three years, and the market has long been paralyzed.
Years ago, the last time the royal family fund increased its holdings, the stock price of HSBC Bank did not rise but fell, showing the market's resistance to the news of mergers and acquisitions.
This is another story of a wolf who came. For several years, I heard the sound of the stairs, but no one came down.
Even the BlackRock Group has no time to care about it, but issued a statement without pain or itching;
?We welcome competent institutions to participate in the management of HSBC Bank, bringing new vitality and more development channels to HSBC Bank, and looking forward to a better tomorrow.
?As a professional listed company management company, dozens of listed companies managed by BlackRock Group were hit hard by the financial turmoil, causing the stock prices on the New York Stock Exchange to plummet.
BlackRock Group's 1997 financial report data recorded a large loss. The core lies in the wrong decision-making of HSBC Bank, which led to a book loss of up to several billion US dollars. Anyway, it is as bad as it gets.
I have a lot of bad things, and I am already exhausted.
?Looking back, compared to other international multinational banks, HSBC, which has been rooted in Southeast Asia for more than a hundred years, has suffered the most and has the greatest impact.
The annual revenue has shrunk sharply, and the bad debt losses that need to be accrued have increased rapidly, and the performance of the London and Hong Kong stock markets has continued to fall.
Wang Yaocheng's strategy of letting go has achieved remarkable results. The Hong Kong Stock Exchange has been repeatedly attacked by international hot money, and the stock price of HSBC has plummeted by more than 30% again.
? The whole market is full of feathers and decay.
In this case, a strong signal has been sent from the domestic high-level to the special administrative region;
? It is hoped that the powerful Royal Family Fund will cooperate with the government at the right time to take responsible actions to jointly enter the market to support the bottom line and fight against international financial predators deliberately making waves.
Only with the most powerful Royal Family Fund taking the lead in entering the market and setting an example for other wealthy families in Hong Kong can we gather the confidence of Hong Kong people and join forces with the SAR government to repel the greedy financial predators.
? This comprehensive acquisition of HSBC Bank demonstrates the confidence of Royal Family Fund to enter the market.
? For the bleak Hong Kong Stock Exchange, it is nothing less than a shot in the arm, and it will inevitably attract high praise and support from the government.
In February 1998,
According to the trends of international financial speculators and the evolution of the financial crisis, the SAR government and relevant financial institutions can fully conclude that the most difficult time has not yet come.
Since the financial crisis broke out on July 2, 1997, it has gone through three stages of crisis evolution.
The first stage:
The Thai baht crisis broke out and spread throughout Southeast Asia. The exchange rates of various countries hit record lows repeatedly, and the stock market continued to fall.
A financial crisis that started with the Thai baht crisis quickly spread to other Southeast Asian countries. From late August to early September, the currencies of Indonesia, Malaysia, South Korea, Singapore and other countries were decoupled from the US dollar one after another.
Under the change of the exchange rate system, the currency exchange rates in Southeast Asia have repeatedly hit record lows. At the same time, affected by the decline in currency exchange rates, the stock markets of Southeast Asian countries have continued to plummet.
second stage:
& nAfter taking control of the controlling stake in HSBC Bank, he will officially take over the board of directors of HSBC Bank in March, and he will take over the management of HSBC Bank as a matter of course.
The integration within half a year is of great significance for the group's new round of expansion and response to the financial turmoil.
Just in time, step on just right.
On the other hand;
Royal Family Fund aggressively entered the market to buy bottoms at the end of last year, holding a large number of corporate stocks of the four richest families in Hong Kong, which directly threatened them.
Under such circumstances, the open and secret struggles between the two sides have continued to this day.
? Especially the Wu family, after learning that the Wang Foundation intends to control the Harbor City and Ocean Terminal projects, they resisted strongly like cutting out their hearts, and have been mobilizing funds to fight back.
Facing the full-scale attack of the Royal Family Fund on its eight listed companies, Zhang Shan was saved but Li Si was not saved. Now the Wu family is also buzzing, and they are struggling to deal with it.
Thinking of this, Wang Yaocheng's piercing eyes revealed a cold light;
It's time to cast a heavy hand and let these four big rich families who have never known the so-called bow their heads and recognize the harsh facts.
? On the three-acre land in Hong Kong, it is not a real estate business, but a marriage can be a land household. Facing the royal family fund that has entered the market aggressively, its powerful strength will crush everything.
A dragon has to coil up, and a tiger has to lie down.
?Looking around the world, only Hong Kong is the most suitable as the base camp of the Wang Consortium.
Here is the bridgehead connecting the outside world and the mainland, with smooth information communication, superior geographical location advantages, developed shipping and air transportation connecting all corners of the country, and a highly commercialized entrepot system.
The most important thing is that this is the territory of the Chinese people. Under the careful care of the central government, they can enjoy the advantages of geography and system.
Since this is the case, then we have to build the rear into an iron bucket formation, and manage it carefully until the needles can't be inserted and the water can't be splashed.
The HSBC M&A battle is just the beginning, and there will be more exciting performances below. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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