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The reason why Xu Cun chose to acquire Standard Chartered Bank at this time is not only because Xu Cun has a lot of money in his hand, but there are three extremely important reasons behind this:

The first reason is that now is the best time to acquire Standard Chartered Bank.

Roberts, chairman of the board of directors of Standard Chartered Bank, was not appointed by major shareholders, but was promoted to chairman of the board because of his outstanding performance in the position of chief executive.

And CEO Bonet is the CEO backed by the Goldstone family.

Robles, chairman of the board, and Bennett, chief executive, have a lot of differences in the direction of Standard Chartered Bank's business - they have a heated debate on whether to issue new shares to the market.

Bonnet hopes to increase the capital of Standard Chartered Bank by issuing new shares, thereby accelerating the group's global expansion. But in the opinion of the chairman of the board of directors, Roberts, the main reason for the recent sluggish profit of Standard Chartered Bank is because of the rapid expansion. For example, Standard Chartered Bank previously acquired Union Bank of California, and took the opportunity to gain access to the Brazilian and Venezuelan markets, but Standard Chartered Bank not only failed to open up new markets quickly, but suffered heavy losses in its business in the US market, which greatly dragged down the Standard Chartered Bank's overall profitability.

In recent years, Standard Chartered Bank's main source of profit has always been derived from mature markets such as Hong Kong and Southeast Asia that have been operating for hundreds of years. Therefore, in Robles' view, Standard Chartered's current focus should not be on continuing disorderly expansion, but on in-depth development of the existing market.

The fierce infighting between the chairman of the board of directors and the CEO has led to the delay of Standard Chartered Bank to come up with new plans to improve the company's performance. As a result, Standard Chartered Bank's profit has been sluggish in the past two years, and the profit in the last three quarters has not even exceeded one year. One million pounds. As a result, not only did Standard Chartered's dividends drop sharply, but even its stock price continued to slump. As a result, many shareholders, including the London Unemployment and Pension Relief Fund Alliance, the largest shareholder of Standard Chartered Bank, intend to resell the shares of Standard Chartered Bank at a high price.

The second reason is that if Xu Cun does not acquire Standard Chartered Bank now, the potential of Standard Chartered Bank will drop by at least one third by next year.

In the last life, the main reason why Standard Chartered Bank has always been inferior to HSBC, and even fell far behind by HSBC, is the main reason why Standard Chartered Bank will hold 39% of Standard Bank in 1987. The sale of all stakes made Standard Bank a bank with a South African background, and Standard Chartered Bank cut itself off. South Africa is the largest and most powerful economy in Africa. In the last life, the long-established Standard Bank finally developed into the largest commercial bank in South Africa and even the whole of Africa. As of June 30, 2007, Standard Bank had total assets of approximately US$162 billion, the largest in Africa, and ranked the 106th and 1st in the world in terms of Tier 1 capital. First in Africa. In addition, from 2001 to 2002, when the Internet industry was at its lowest, it successively purchased 45.5% of Tencent's equity from PCCW, idg and the main founder of Tencent, becoming the largest Tencent The single shareholder of South Africa's Mih Millard International Holdings Group is a wholly owned subsidiary of Standard Bank subsidiary South Africa's nasperslimited.

The third reason, and the most important one, is that if Xu Cun doesn't buy Standard Chartered Bank now, he will never even think about buying Standard Chartered Bank.

In October 1984, the collapse of Johnson Matthew Bankers Limited (Johnson Matthew Bankers Limited) (referred to as "jmb incident") occurred in the United Kingdom, which caused an international sensation.

In response to this, the British Academy of Secrecy established the Ray Pym Barton Committee chaired by the Governor of the Bank of England in November 1984 to study the issue of financial regulatory reform. In January, the British government issued a white paper on improving and strengthening banking supervision.

A new rule is proposed in the white paper - before any investor intends to acquire more than 15% of the shares of the Bank of England, it must obtain the approval of the Bank of England!

Because Xu Cun led most of the famous people in the business circle of Hong Kong to support China on the return of Hong Kong, the United Kingdom hated Xu Cun to death from top to bottom.

Under such circumstances, how could the Bank of England approve Xu Cun's acquisition of Standard Chartered Bank?

Fortunately—

The Banking Act 1979 will have to wait until 15 May 1987 for the UK to pass the Banking Act 1987 to replace the Banking Act 1979. The Bank of England's approval must be obtained before taking more than 15% of the shares!" The Banking Act 1987 will not come into effect until the passage of the Banking Act 1987.

All in all, Xu Cun wants to buy Standard Chartered Bank to build the world's largest private bank, now is a godsend and the only good opportunity.

...

In Xu Cun's office.

Weng Hong, who was a little hairy at Xu Cun's eyes, couldn't help but ask Xu Cun, "Why do you keep looking at me?"

Having been with Xu Cun for so long, how could the always smart Weng Hong not see that Xu Cun was interested in her? Therefore, she is not afraid of Xu Cun!

Xu Cun continued to look at Weng Hong recklessly and said, "Because you look good."

For Xu Cun's naive pursuit, Weng Hong, who has some good feelings for Xu Cun and is really unacceptable to Xu Cun's fascination, has not yet figured out how to face it - after all, Weng Hong at this time is only an 18-year-old. The young girl is not the one Huang Jieyi, Xiao Bai Cai, and the palace maid Gui Lian who are willing to give up for the sake of money and fame.

It is precisely because of this that Weng Hong neither kept away from Xu Cun nor gave Xu Cun a chance to approach her before she made up her mind.

Weng Hong gave Xu Cun a white look and said, "If you're okay, I'll go out first."

After speaking, Weng Hong made a move to leave.

At first, Xu Cun did not stop Weng Hong and let Weng Hong turn the fake walk into a real one.

It wasn't until Weng Hong walked to the door that Xu Cun said, "There is a project involving seven or eight billion dollars, do you dare to take over it?"

Xu Cun did not joke with Weng Hong.

Yuan Tianfan went to the London secondary market to help Xu Cun acquire the shares of Standard Chartered Bank, so it is impossible to continue to help Xu Cun to liquidate the position at Citibank's headquarters.

Honestly -

After years of deliberate training, there are still many talents under Xu Cun who can command the liquidation.

but--

However, very few Xu Cun, who was very suspicious, could really feel relieved.

At present, Lizhi has replaced Yuan Tianfan at Citibank and directs Citibank's liquidation~lightnovelpub.net~ANZ is temporarily supported by Zhou Lan, and has suspended the liquidation - Zhou Lan is smart, but Zhou Lan The main attack is the military, not the economy, and Xu Cun doesn't want to let Zhou Lan, who already has half of his armed forces in his hands, touch the economy again.

Therefore, Xu Cun wanted to send someone he could trust to go to ANZ Bank to direct the liquidation.

But--

Although there are many women in Xu Cun, most of them can only spend money and lose money, and have no interest in making money. A few of them are career-minded, and they are all developing into the film and television industry, and none of them can help him go to the ANZ Bank. Close the position.

Therefore, Xu Cun thought of Weng Hong, whom he regarded as forbidden and who had been studying the economy hard.

In addition, Xu Cun also wanted to tempt Weng Hong with a large sum of money that ordinary people dare not even think about, so that Weng Hong gave up resistance and went into the arms of his official Xu Cun.

Therefore, Xu Cun only asked this question.

...

(To be continued.)