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Chapter 511

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    Adhering to the stable and conservative strategy of the European financial industry, the two regional banks have developed very steadily and can provide stable cash flow every year. However, because they are so stable, the board of directors of the original banks has a strong desire to sell.

    why?

    The Bavarian Bank of Germany was established in 1884. It has been developed for more than 100 years and is still near Bavaria, and it cannot even cover the entire northern part of Germany.

    The traditional habits of Europeans are extremely powerful. Germans who have saved money in Commerzbank (Frankfurt) since their grandparents will still be loyal users of Commerzbank.

    Just like they are fans of the Frankfurt football team in Germany, they have gone through several generations for more than 100 years and still support this team unswervingly.

    It's not about marketing and customer service, it's about traditional habits that no one can change.

    This situation is simply a disaster for European bankers. They have been developing in Bavaria for more than 100 years, and they have done everything to the extreme, making this site like an iron barrel.

    It is impossible for other big banks to enter if they want to enter, and it is impossible for them to develop outward.

    The rich European families who have always insisted on tradition can't hold on anymore, and are eager to seek innovation and change.

    Every family has its cupboard.

    As the traditional rich European families behind the control of these private banks, with the progress of the times, the younger generation accepts the baptism of the new wave of high-tech Internet, and looks down on these traditional and decadent family assets.

    In the eyes of young people;

    ? To not develop is to regress, to stand still is to be abandoned by the times, and it is tantamount to suicide

    The fierce collision between modern business philosophy and tradition has intensified the rifts and quarrels within the family. The Fortis Bank of Paris controlled by the family of Count Mesut Ozil of the Kingdom of Belgium is a clear example.

    Just in April 2003

    Count Mesut Ozil was sent to the King's Hospital in Brussels due to a sudden cerebral hemorrhage due to a fierce quarrel within the family. It took 12 hours of craniotomy before he was rescued from the death line.

    Bavaria's situation is slightly different, but the board is also looking for a sale in exchange for a chance to escape the rigid circle of Bavaria.

    HSBC saw such an opportunity;

    ? HSBC, which is listed in London and Hong Kong, wants to improve its layout in continental Europe, so mergers and acquisitions of small and medium-sized local banks are the best strategy.

    These European banks have stable management, good profitability, and unique operating secrets, making them good targets for mergers and acquisitions.

    Once connected to the international network of HSBC Bank, you can reach the whole world with a HSBC bank card. This is by no means a meticulous service that local banks can provide, and it is very attractive to corporate users and individual users.

    Traditional European aristocratic families disliked that these banks were too stable, and they had not changed for decades or hundreds of years. Wang Yaocheng took a fancy to this, and could provide a stable rate of return of more than 7% every year.

    With the blessing of HSBC's prestigious brand, it is not a problem to expand the user base of small and medium-sized enterprises. Coupled with the world's leading lean management, no matter what, we can add two or three points to this stable rate of return.

    In this way, the rate of return is considerable.

    Don't ask why, multinational banks are so stupid!

    HSBC can not only provide thoughtful financial services all over the world, but also cooperate with the consortium to provide international air passenger and cargo transportation, car pick-up and drop-off service for high-star hotels in Europe, America, Southeast Asia, China mainland, Japan and South Korea, and global warehousing and logistics services.  , Hundreds of thousands of goods are directly intercontinental, Carrefour, Watsons and its 12 retail brands have VIP shopping treatment in tens of thousands of stores, and the benefits are simply indescribable.

    Looking to the future

    With the development of Hong Kong Global Telecom Company to European countries, it can even provide global telecommunications services, go to all parts of the world with one card, and roam around the world with personal services. Which customer can resist such a strong temptation?

    Which multinational bank can provide such thoughtful and comprehensive services?

    ? Compare two by one

    ? The distance between local banks and multinational banks is vastly different, and their competitiveness is not at the same level.

    ? For the Bavarian Bank of Germany, which has been in business for more than a hundred years, this is the depressing point;

    ?There are more than a dozen regional banks with similar strength in Germany alone. Although the Bavarian Bank is considered one of the best, it still cannot break through these iron-drum-like local markets, and even the unified northern Germany?? Investment Bank, ranked fifth, overwhelmed Citibank, Lehman, Bank of America and HSBC, and its business is booming.

    ? HSBC¡¯s weakness in the investment banking business is ultimately due to the chairman of the board of directors, Wang Yaocheng.

    Similarly, Mo Yuxuan, CEO of HSBC Bank, whose business philosophy tends to be conservative, does not agree with the excessive development of radical investment banking business.

    In March 2000, the Internet high-tech bubble burst.

    ?International banks that have invested heavily in US hedge funds, stock markets, and bond markets have suffered heavy losses, including the world's largest Mitsubishi Mizuho Bank, UBS, Deutsche Bank, and Barclays.

    As for the local banks in the United States, one counts as one, and basically they will lose their skin if they die.

    Mr. Mo Yuxuan still has lingering fears in recalling the tragic scene of starvation everywhere.

    It is also this rare opportunity that led HSBC to enter the North American market on a large scale, annexing 11 small and medium-sized US-funded regional banks successively, and integrating and developing to today's huge scale.

    Therefore, Mr. Mo Yuxuan disagrees with the radical investment philosophy of American banks, and packaging and securitizing some high-risk and junk assets is a wrong move to feed tigers.

    ? Chairman of the Board of Directors Wang Yaocheng very much agrees with Mr. Mo Yuxuan's business philosophy. Strict control of financial risks and prudent operation have become the mainstream thinking, which runs through the entire global business operation of HSBC Bank.

    In terms of business selection, HSBC would rather choose a stable business with low profit margins than get involved in high-risk junk bonds and participate in Wall Street's financial games.

    HSBC focuses on high-net-worth private businesses. Rolling huge assets with less capital can bring higher returns. Its risk management is highly concentrated and tends to be conservative and prudent.

    Although such a business strategy is impossible to achieve explosive performance growth, it is more stable and practical with extremely low risk.  (Remember the site URL: www.hlnovel.com
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