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Volume 1: Miracle on Qishan Chapter 190: Standard Chartered Bank of China

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    Now it is a very sad point for Standard Chartered Bank. First of all, its main body is listed in London and it did not benefit from the Hong Kong stock market rise in August. It suffered heavy losses in the Southeast Asian market, with many non-performing loans and bad debts, and it has no  Government agencies can only rely on themselves to gradually digest the capital injection.

    In Liang Baitao¡¯s words, if Hong Kong¡¯s exchange rate was defeated in August and fell by half, Standard Chartered Bank would collapse.

    Hong Kong's exchange rate has been maintained, but Hong Kong's land prices have indeed plummeted to less than 40% of their peak levels. Standard Chartered Bank was forced to take on a large number of bad debts. Coupled with the washout of the entire Southeast Asian crisis, compared with the more international HSBC,  Standard Chartered Bank is indeed very tight right now.

    After research, Yang Shaozong finally decided to give up the HSBC stocks he held and exchange shares with other institutions holding Standard Chartered Bank stocks. In addition, in addition to operating the acquisition agreements previously reached with Qiu Deba, Dragonair and Huo's, he would  Standard Chartered Bank's shares increased by 83.8 million shares, accounting for 42% of the controlling stake in Standard Chartered Bank, and then forced the merger of Standard Chartered Bank and Hong Kong's Zhongqi International Financial Holdings Company.

    Hong Kong Zhongqi has become a truly Asian-style consortium, operating around Hong Kong Zhongqi International Investment Bank, with two subsidiary main businesses, Hong Kong Zhongqi Bank and Hong Kong Zhongqi International Insurance Company.

    In order to realize the real great development of the entire consortium, Yang Shaozong's first goal was to expand Zhongqi Bank, then to expand Zhongqi International Insurance Company, forming a three-power structure, and finally to expand Hong Kong Zhongqi and China Zhongqi  The parent bank merged as a whole to build a large consortium that could compete with the five major national capital management companies.

    After relaunching the acquisition of Standard Chartered Bank, Li Jiachen and Qiu Deba heard the news. They discussed with Yang Shaozong all night and basically reviewed the entire plan.

    Just when Yang Shaozong started to take action, the capital made him two calls in a row. Even Prime Minister Rong invited him back to the capital to participate in several celebrations. In any case, the enthusiasm in the country is so high now, and everyone is looking forward to him.  Return to the mainland.

    He is the winner of the Nobel Prize in Economics, which is such a rare thing.

    In addition, Premier Rong also talked about another matter, hoping that he would succeed Wu Jinglian as the director of the China National Economic Research Center. This is also the highest seat for Chinese think tank scholars and officials, and the right to speak is the most important.

    The question is whether Yang Shaozong can temporarily resign as chairman of the board of directors of Zhongqi Investment Bank, including other business positions, such as president of Zhongqi Investment Bank Hong Kong and chairman of the board of directors of China Industrial Holding Group Corporation. He can continue to hold concurrent posts, because after all, China Bank  It is because the number of state-owned shares is relatively large.

    Yang Shaozong did not give an immediate answer to this question. He meant to think about it. A few days later, Tang Baohua, who had already served as deputy director of the Central Development and Reform Commission, arrived in Hong Kong quietly and met with Yang Shaozong on behalf of Premier Rong and the central leadership.  This issue will be discussed further.

    The two men talked for a long time.

    First of all, Tang Baohua apologized on behalf of Premier Rong. He had originally promised to grant China Company a petroleum operating license, but the political struggle within the central government was also fierce, so he had to resort to bidding to barely pass the first step of the reform, which cost China Company money.  Spending billions to buy a license is really a last resort.

    Yang Shaozong doesn¡¯t mind this. Although this process was exploited by domestic monopolies, it is a more open pace of reform after all.

    He is willing to bear any loss.

    As for other issues, the two of them had a very in-depth discussion. After all, they are old friends. They can talk directly about anything they have to say. This is why Prime Minister Rong sent Tang Baohua over.

    After Tang Baohua agreed to several key proposals on behalf of the State Council, Yang Shaozong finally agreed to return to the Chinese political world, work together with everyone, and contribute to the development of the entire Chinese economy.

    His strength is very important.

    He not only represents the needs of the private economy and the free market, but is also the most prestigious young economist in the country. He has a high voice and the public also trusts his professionalism.

    However, Yang Shaozong asked Tang Baohua to wait with the central government for half a month. On the one hand, he wanted to merge Standard Chartered Bank with his own hands. On the other hand, he also needed some arrangements to resign from the board of directors of China Banner Investment Bank.

    In this way, the two people agreed on a time when Yang Shaozong would return to the country on time to participate in the celebrations and officially accept the appointment from the country.

    China National Economic Research Center.

    An institution with deputy ministerial status was promoted by Deng Chen in 1982. It was originally affiliated with the Chinese Academy of Social Sciences and is now directly under the jurisdiction of the General Office of the State Council. It is also a research institution directly facing the Political Bureau of the CPC Central Committee, serving the Political Bureau and  state affairsThe world, CITIC Futai and Singapore's Temasek Holdings all seized this opportunity to successfully invest in Hong Kong Zhongqi. The original shareholders of Standard Chartered Group also became shareholders of Hong Kong Zhongqi. After the two parties were fully merged, Hong Kong Zhongqi took the opportunity to be listed in London.  , the abbreviation of the listed company was changed to "Zhongqi Holdings".

    At this point, Yang Shaozong has completed the largest and most important merger in his life. Hong Kong Zhongqi International Financial Holdings has become a large company with a market value of over one trillion Hong Kong dollars. It owns 100% of Zhongqi Standard Chartered Bank and Hong Kong Zhongqi International Investment Bank.  The three major subsidiaries of the company, China International Insurance Company of Hong Kong, and Standard Chartered Bank of China also hold absolute controlling rights in Bangkok Bank, Korea Commercial Bank, and Sanyo Securities.

    After completing the merger case, Yang Shaozong was somewhat relieved. He knew that he had completed a very important mission. From now on, he would open a door to the world for mainland Chinese capital and go to every place they wanted to go.  With Hong Kong Zhongqi, mainland companies that want to merge with foreign companies will have an important cooperative agency and financial consultant to provide them with merger strategies, funds, and necessary political and media public relations services.

    As for the acquisition of Rio Tinto, this is not his task. It is impossible for him to do such a thing - he will not do anything that is uncertain again. The probability of success is too low. Hong Kong Zhongqi only serves as the financial director of Cheung Kong Holdings and New World Development.  Advisors and merger allies provide them with liquidity and help them swallow up the big with the small. At most, Hong Kong Zhongqi will retain about 5% of the equity in the end.

    The first thing they have to do is to concentrate Rio Tinto¡¯s dispersed equity, hold more than 40% of Rio Tinto¡¯s equity through ten to twenty cooperative investment institutions, and then annex the entire Rio Tinto with one blow.

    On November 17, 1998, Yang Shaozong flew back to the mainland on a special plane at the scheduled time. At this time, he had resigned from the position of chairman of the board of directors of Zhongqi Investment Bank, and the new position of chairman of the board of directors was held by her wife, Ms. Xiao Wei.  At the same time, he is a director of China Chuangchuang Group, and all other personnel remain unchanged.

    This time, Yang Shaozong went back with his wife Xiao Wei. They were going to the capital to attend a celebration that they had been waiting for a month to finally have the opportunity to hold.

    At this time, Yang Shaozong was already a legendary existence in China. No Chinese could achieve such high achievements in the international financial market and international economics circles.  ro!  .
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