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Volume One: Living in Troubled Times Chapter 39: Majestic

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    Thanks to Piaoxiangqingwu, tmftmf, qazzxc123, 890203, Xiaoyao?  Xiaoyao, mountain?  Water, a fish in the ocean, fk sinks, gorgeous arc, hurricane 0669, wjliu, asking about the world, pants gou1976, ama fan baoba, gee, Wentian Xiaofeng, Si Fei 28, the anti-Japanese heart will never die, the center of the storm,  lians, endure humiliation, fly without wind, Kunshan Yige, pale justice, develop rain, bookworm son, Ye Gufan, tmftmf and other friends support the vote, I wish everyone a smooth career and a happy family.  .23zw.

    Faced with the crisis, senior executives of Hang Seng Bank held a board meeting to urgently plan countermeasures.  At that time, Hang Seng Bank faced three choices: either accept assistance from Chase Bank, cease operations and be taken over by the government, or turn to HSBC.  No matter which choice is made, it means that a strong man will lose his arm, and will cause the largest Chinese-owned bank to lose its controlling stake.

    Hang Seng Bank executives are making a difficult choice, and Meng Youtian is also making a choice. It is not a difficult choice, but a weighing of whether his own strength and appeal can save this Chinese-owned bank.  If not, it will undoubtedly be a mistake to offend HSBC.  As for the loss of money, Meng Youtian believes that there is no risk. Even if Hang Seng is eventually controlled by HSBC, depositors' deposits will be fully protected.

    But HSBC has expressed its public support for Hang Seng Bank. As a Chinese, it is a reasonable move to support a Chinese-owned bank.  Perhaps, the benefits I gained from it were greater than the losses. Taking a step into the banking industry also expanded my business field.  Hang Seng Bank, the "Hang Seng Index" created in the future will be deeply rooted in the hearts of the people and become a household name!

    Meng Youtian weighed repeatedly, conducted research and discussions with think tanks and family members, and finally decided to help Hang Seng Bank overcome this difficulty.  Even if his help is not that effective, Hengsheng will be grateful for the friendship that comes in times of need, right?

    "If a Chinese-owned bank with such rapid development, good management, loyal service and good reputation is harmed by rumors like this and is taken by others to take control, it will be a thing that will make all knowledgeable people in Hong Kong lament it.  Things" Sympathy and support for the rumored run on Hang Seng Bank appeared in newspapers, and they criticized some irresponsible remarks. Guided by this, some articles favorable to Hang Seng began to appear in the media.  Some knowledgeable Chinese also expressed their opinions on this.

    Adhering to Meng Youtian¡¯s consistent style, he secretly contacted Hang Seng¡¯s senior management while expressing support for Hang Seng Bank in public opinion.  At the same time, he began to network with Chinese businessmen as a director, using his reputation as a successful career to call on Chinese businessmen to support Hang Seng.

    The initial decision made by Hang Seng¡¯s senior management was to sell the bank¡¯s controlling stake to HSBC. However, during the negotiations, the two parties had large differences on the total value of Hang Seng Bank and the amount of equity sold.  HSBC believed that Hang Seng was worth NT$67 million and requested to acquire 76 shares of Hang Seng. However, Hang Seng stated that the bank's current value should be NT$100 million and was only willing to sell 51 shares.

    The negotiations have been frustrated, but Meng Youtian¡¯s conditions are very favorable. Even if it fails, Hang Seng can still negotiate with HSBC for sale, with almost no loss.  After weighing and negotiating, Hang Seng Bank decided to accept Meng Youtian's conditions.

    After the negotiation was successful, Meng Youtian withdrew a deposit of 50 million from HSBC Bank and transferred it to Hang Seng Bank. This transfer was done openly and in a high-profile manner, and it was almost all of his cash deposits.  Under his call and led by his practical actions, many Chinese businessmen also began to make deposits to Hang Seng. After all, they did not want to see Hang Seng collapse and see the situation in Hong Kong where foreign banks were dominant.

    This huge amount of money is shocking. I am afraid no one would have thought that Meng Youtian, who has always been low-key, has accumulated so much wealth.  If you add the land, real estate, factories, enterprises in his hands

    " Occasionally, there is nothing we can do about the situation. Financial support is important, and the more important thing is to regain the confidence of depositors.  If we don't take action openly, I'm afraid it won't help with just a few words.

    The two-pronged approach of public opinion and practical actions has stabilized Hang Seng Bank's position. Panic runs have gradually decreased, and more people are depositing deposits. Although the balance between collections and withdrawals has not yet been reached, the most difficult period should be over.

    Hang Seng Bank retained its controlling stake. Meng Youtian purchased 33% of Hang Seng shares for 35 million yuan. He and his eldest son Meng Guanghua joined the Hang Seng board of directors and became ex-officio directors (according to the "Company Law", holding 16 shares  % of shareholders can become ex-officio directors), announcing that he has officially entered the banking industry.

    The entry of Meng Youtian and his son into Hang Seng is indeed a long-term surprise for Hang Seng, because Meng Youtian has an admirable vision. Most of the small and medium-sized enterprises he recommended to support have grown and become long-term customers of Hang Seng, bringing great benefits to Hang Seng.  Long-term stable deposit income.  Hang Seng subsequently accepted Meng Youtian's suggestion and provided residential mortgage services for up to seven years for Great Wall Industrial Properties, changing the practice of up to three years at that time, which made the majority of the middle classIt is a better cooperation for both companies to achieve a win-win situation.

    "This money is well spent!" Meng Youtian secretly sighed. When Hang Seng stock is launched in Hong Kong, it will be a huge profit of more than ten times or more than twenty times, and this does not include the dividend income.

    It seems that the best way to make money is to go public.  It is a pity that the Hong Kong Stock Exchange, which is currently exclusively operated, is controlled by Western brokers and is closed to Chinese-owned enterprises!  But it¡¯s coming soon. The Far East Exchange will be established in six or seven years. At least one or two of Great Wall Industrial, Master Meng Food Company, and the Meng-style supermarket chain will be listed on the market, right?

    "While I am pioneering, I am also paving the way for future generations. The Chinese people's habits and ideas still cannot be changed. There is no way to do this.

    Meng Youtian smiled bitterly and said to Zijuan: "Let the child grow up quickly so that he can sit in my seat. This director is jealous, right?"

    "Are you tired?" Zicuckoo smiled and leaned over to the man, patted the man's thigh and said, "Don't worry so much. Children and grandchildren will have their own blessings, why do you have to support them all? I hope Guangzheng can  As a lawyer, Guangli can become a doctor and live a stable life, wouldn't it?"

    "Okay, why not?" Meng Youtian leaned back comfortably and said, "Why don't you force them all to go into business and set up factories, so that they can become the number one scholar? Well, even if they can't become the number one scholar, if they have a skill,  It¡¯s also good to live a stable life.¡±

    "You should say this in front of the children." Zijuan said softly: "Save everyone from being so stressed and pretending to please you even though they don't like doing business."

    "Well, I usually talk about business matters and principles too much, and it is indeed easy for them to misunderstand." Under his wife's gentle words, Meng Youtian also felt that his usual words were inappropriate, "Find an opportunity to say something  Tell them to relax and go for whatever career they want."

    ¡°Think about it, our children will be spread across various industries and take care of each other, how wonderful it will be.¡± Zijuan looks forward to the beautiful future.

    "Yeah, maybe we can have a chief executive!" Meng Youtian hummed with satisfaction and said a word that Zicuckoo didn't understand at all.

    ¡­¡­¡­rs!  .  (go )
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