The Rebirth of the Financial Hegemon

v3 Chapter 52: Standard Chartered is about to go bankru

Singapore.

It is the fourth largest international financial center after New York, London and Hong Kong

Known as one of the "Four Asian Tigers", its economic model is called "state capitalism".

It is also the only developed country in Southeast Asia.

Due to various historical reasons, Singapore is the largest base of Chinese in Southeast Asia, and most overseas Chinese businessmen in Southeast Asia will live in Singapore.

Of the 5.5 million Singaporeans, more than 74% are Chinese.

Especially in southeastern provinces, Guangdong and Hainan, more than 40% of them are Hokkien, followed by Chaoshan.

Mr. Liang Sicheng once said: "Architecture is the carrier of history, and architectural culture is an important part of historical culture. It embodies human's recollection and feelings for its own history."

Therefore, Singapore has both the shadow of the British classic architecture, the houses of Chinese architecture, and the styles of Indian and Malay architecture.

In Singapore City, at the southern tip of Singapore, there is a Chinese-style mansion covering an area of ​​100 acres.

Golf courses, swimming pools, pavilions, corridors and flower pavilions, the elegant environment is no less than the mansion of ancient queens.

Here is a house in Singapore of the family of Qiu Depo, an overseas Chinese businessman.

Many people have never heard of the name Qiu Deba.

However, many people in the company controlled by Qiu Deba have heard of it.

Qiu Deba's ancestral home is Haicang, Ludao, Southeast Province.

Born in Malaysia in 1917.

He is the richest man in Singapore and the founder of Malaysia's largest bank. Directly and indirectly holds an 82.4% stake in Bank Maybank.

The market value is about S$1.075 billion.

In 1986, the biggest investment of Qiu Debo's life was to defeat the acquisition of Standard Chartered Bank by Lloyds Bank in 1986, together with Hong Kong ship king Bao Yugang and Australian businessman Robert Houm.

Anyone who can become the richest man must have a brilliant life different from ordinary people.

Qiu Deba is no exception.

In 1933, at the age of 16, Qiu Depu joined the OCBC Bank, which was founded by his father.

In 1959, Qiu Deba, who had become the deputy general manager of the bank, left to seek another development because he could not enter the board of directors.

In 1960, he and several partners opened Maybank in Kuala Lumpur with a capital of 10 million ringgit (100 ringgit about US$26.31).

Now, Maybank has become the largest and most well-known bank in Malaysia.

In 1986, Qiu Depo was also awarded a knighthood by the British government.

However, whether it is a pink lady or a peerless hero, there will be a day when they will grow old, and the gradually aging Qiu Deba will gradually hand over the business to the heir.

Qiu Deba, born in 1917, is nearly 80 years old.

However, apart from the decline of physical functions, Qiu De has no problems with his old eyes and inflexible brains.

Reading books and newspapers to observe the international situation is still his daily habit.

As the helm of the Qiu family, even if the power is gradually transferred to the successor, how can he be easily relieved.

In other words, in the eyes of elders, children will always be children.

Therefore, even if he is already in retirement, Qiu Debo will still observe the global economic and political situation every day as in the past.

On the TV, Singapore TV is broadcasting news.

This is one of Qiu's must-see programs every day.

Suddenly, a piece of news on TV caught Qiu Dedia's attention.

"The following is a briefing from Thailand. In the past month, the Thai stock market has plummeted by nearly 50%, and the market value of more than one trillion yuan has been evaporated in the plunge.

Affected by the stock market, Thailand's real estate has also shown signs of collapse. Real estate in Bangkok, Chiang Mai, Pattaya and other places has experienced a decline ranging from 30% to 50%.

Due to the rapid collapse of the stock market and real estate, a great resentment was aroused among the Thai people. More than 100,000 people launched dissatisfaction and protests against the Thai government. Military Chavalit? Army General Yongchaiyu elected as Thailand's new Prime Minister..."

In the picture, part of the picture of Thai people taking to the streets to demonstrate, countless Thai people lined up to protest in front of the Thai Prime Minister's Office.

The screen flashed, and then switched to the picture of Banhan Siba Acha, the former prime minister of Thailand, being attacked by rotten eggs and rotten vegetable leaves.

"The new Prime Minister Chavalit Yongchaiyu said that he will invest up to 500 billion baht for bilateral rescue. This is the main political position of Chavalit Yongchaiyu who won the votes..."

Thailand, as one of the four tigers in Southeast Asia, the collapse of its stock market and real estate will inevitably have a huge impact on neighboring countries.

After the news was over, Qiu Deba frowned, considering how much this matter would affect the Qiu family's property.

The Qiu family's assets are mainly in Malaysia and Singapore.

In particular, the Malaysian Bank of Qiu's family has invested a lot of money in the real estate business in the economic development of Malaysia in recent years.

The collapse of Thailand's stock market and real estate made Qiu Deba sound the alarm in his heart.

Fortunately, there are no major problems in Malaysia's stock market and real estate at present. Amid the slump in the Thai stock market, the Malaysian stock market has still reached a new high.

After thinking about it for a while, Qiu Deba was still a little worried.

After picking up the phone and explaining to the various management of the family, he finally let out a sigh of relief.

Having been a businessman all his life, Qiu Depo knows too well that there are crises everywhere in the shopping mall.

If you are not careful, a lifetime of hard work will be in vain.

Hopefully this time Malaysia and Singapore will not be affected by the Thai market.

"Ring Ling Ling..."

Suddenly, the phone that Qiu De had just put down rang.

The number is an internal call from Hong Kong.

"Hey... what did you say? How could this be?"

Hong Kong, Standard Chartered Bank headquarters.

George King is no longer as personable as he used to be.

His handsome face was covered with uneven stubble, and his hair was messy like a chicken coop.

Even the suit he was wearing was crooked.

The current George King is like a down-and-out alcoholic, completely lacking the image and temperament that a banker should have.

George King never imagined that the insurance policy he thought would bring huge profits to the company would become a reminder to bring Standard Chartered to hell.

During this time, George King was suffering.

Almost every day, George King spends his time in regret and suffering.

It's just that regret is always cheap, and it doesn't make any sense other than torment.

George King smoked a cigarette in despair.

He stared blankly at the ceiling and thought~lightnovelpub.net~ Last year, Li Sen broke Bahrain, should I break Standard Chartered this year?

Damn it, how could it suddenly be like this.

On February 23, 1995, Barings Bank, one of the oldest banks in the UK, declared bankruptcy.

Historically, the Baring family, who founded Baring Bank, has successively obtained five hereditary titles.

But no one thought that the bank would eventually be destroyed by a 28-year-old boy named Nick Lison.

In the end, Barings became insolvent and sold to ING for a nominal dollar.

The current Standard Chartered Bank is no better than the original Barings Bank.

Even, it is not as good as the situation that Barings Bank faced at the beginning.

At the beginning, Bahrain went through nearly a year from loss to bankruptcy, and it can be regarded as a gradual process.

At the very least, Nick Lison also enjoyed the excitement and excitement of a deal.

But now there are only a few months, and Standard Chartered is about to face the original situation of Barings Bank.

All this because of a warranty.

An insurance policy that could have brought nearly one billion Hong Kong dollars of net profit to Standard Chartered.

A few months ago, Standard Chartered signed a super policy worth 200 million US dollars with an investment company after meticulous investigation and research.

That insurance policy, according to the trajectory of the market, will bring Standard Chartered more than 100 million US dollars of pure profit every year.

According to Standard Chartered's highest risk assessment, it can be said that there is no risk at all.

But there is a problem with this policy without any risk, which can bring more than 100 million pure profits to Standard Chartered every year.

The severity of this problem is enough to bring Standard Chartered to the point of complete bankruptcy.

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