Chapter 299: [Establishment of Hang Seng Bank]
If audio player doesn't work, press Stop then Play button again
Chapter 299 [Establishment of Hang Seng Bank]
In January 1960, the Hang Seng Bank was officially changed to Hang Seng Bank, He Shanheng became the chairman of Hang Seng Bank, and Wu Guangyao smoothly became a director.
At this time, Hang Seng Bank was only a medium-sized bank among Chinese banks, with a registered share capital of only 30 million, and the paid-in share capital could reach 15 million Hong Kong dollars.
Wu Guangyao values the potential of Hang Seng Bank and the abilities of He Shanheng, Li Guowei and others;
It’s not easy to open a bank on your own. At this time, the bank license is very easy to get. Coupled with your credibility on Hong Kong Island, it’s easy to set up a bank;
But the future development is a big problem, and the timing is not right!
Only when a large-scale ‘bank run on deposit’ occurred in 1965, is the best time to enter the market by yourself.
In the meeting room of Hang Seng Bank, Wu Guangyao attended the shareholders meeting as a director. The meeting was presided over by He Shanheng.
"In addition to announcing the establishment of Hang Seng Bank today, there is one more thing to inform everyone!"
The so-called notification is just to inform Wu Guangyao, because Wu Guangyao never asks about Hang Seng Bank and does not participate in any operations.
Other shareholders, all of them are the management of Hang Seng Bank, and naturally they have already known!
Wu Guangyao’s approach seems to forget that he has shares in Hang Seng Bank. In fact, this is to let everyone in Hang Seng Bank relax their vigilance.
"Hang Seng Bank has purchased an old building on the side of the Central Fire Station, and is preparing to build the future Hang Seng Bank Tower immediately."
Wu Guangyao heard the spirit, he is good at building a mansion!
"Have you found the construction party? The Hong Kong Island Construction under my umbrella has already had experience in building the Yangtze River Center commercial complex. In addition, two new buildings in the Central District are also being constructed. There is absolutely no problem in terms of technology. If Hang Seng Bank is interested , I’ll let Hong Kong Island Construction Co., Ltd. give you a plan and a quotation later.” Wu Guangyao, who became a business expert, nominated himself.
"Is it time for the construction period? Guangyao has two buildings under construction at the same time. Is there still time to build the Hang Seng Bank Building?" He Shanheng asked concerned.
"There is no problem at all. During the peak period of Hong Kong Island, there were four large-scale real estates and a commercial center built at the same time; please rest assured, I am also a shareholder of Hang Seng Bank, and I naturally have to do it as my own business!" Wu Guangyao promised.
Soon everyone said yes. After all, it is better to contract for Hong Kong Island. Wu Guangyao’s reputation is worthy of recognition. Coupled with the achievements made by Hong Kong Island Construction in recent years, it is among the many construction companies on Hong Kong Island. , Is also among the forefront of existence.
Naturally, Wu Guangyao won't make much money, and a 5% to 10% is enough!
He Shanheng went on to say: “The bank property is the bank’s credibility mark, so we want to build a beautiful and beautiful exterior wall with glass curtain wall and aluminum, just like the glorious Ritz Hotel and Shangri-La Hotel.”
"Brother He, has a vision! Although the real estate thing has risen and fallen, looking at ten years as a cycle, it must have risen sharply!" Wu Guangyao agreed.
Hang Seng Bank’s funds for building the building naturally come from depositors’ funds, and it is impossible to use its own funds; all, luxury does not have to be heartache at all, anyway, it’s not using your own money.
Of course, Liao Chong Hing Bank also used the money of its depositors to do real estate. Although it was a huge profit, it laid the roots for itself. Just next year (1961), Liao Baoshan announced that the family assets reached 100 million Hong Kong dollars. , It can be described as arrogant.
However, what followed was a run (1961). Liao Chong Hing Bank had a major crisis because it did not have enough cash to pay depositors. It sought help from its peers, but Liao Chong Hing Bank’s usual style was not good. In order to attract depositors, it raised interest. No one is willing to help him, even HSBC Bank and Standard Chartered Bank are unwilling to help him (acquisition); the final result is that Liao Baoshan died in a hurry, and Liao Chong Hing Bank was greatly injured (not much As a depositor, the reputation of a bank is the most important).
Therefore, Wu Guangyao also looks down on this kind of bank!
"Glory, if you have any loan business in the future, you can also choose our Hang Seng Bank; after all, you are also a shareholder of Hang Seng Bank, and you have to take care of it too!" Li Guowei said suddenly.
Everyone immediately looked at Wu Guangyao with hope. If we can win over Wu Guangyao, then Hang Seng Bank will be much better.
Compared with other loan customers, Wu Guangyao has a high credit standing, and it is basically impossible to change the loan; the bank is most afraid of bad debts, so loans are carefully selected customers.
Wu Guangyao's loan ability is also high, it may be tens of millions at a time, and the repayment is easy. These are all heard by the banking industry!
But in recent years, Wu Guangyao has never taken a loan at a Chinese Bank, because these bankers are all from Guangdong Province and are unfamiliar!
Hearing Li Guowei say this, Wu Guangyao said generously: "There is no problem, even if Li Dong doesn't say anything, I will bring it up later! However, the amount of my loan is relatively large, and at that time, I can only divide a portion of it to Hang Seng Bank. ."
"How old?" Li Guowei asked curiously.
"Take a base of tens of millions! Cheung Kong Holdings has neither debt nor many deposits. So I am going to list Cheung Kong Holdings, raise part of the capital, and then loan part of the capital, and continue to invest in real estate construction."
Everyone took a sigh of relief, Cheung Kong's ambitions are not small!
The value of the Yangtze River Center commercial complex has been valued by bankers, which is as high as 250 million Hong Kong dollars or more;
There are regulations on the listing of Hong Kong Island companies, and the public shares must be more than 25%, which means that Cheung Kong Holdings can raise at least 62.5 million Hong Kong dollars.
Such a large sum of funds is actually not enough for Changjiang Industrial Development. It can be seen that this person in front of him is really a person who likes big projects.
After the meeting broke up, He Shanheng, He Tian, Li Guowei, Liang Zhiwei, Sheng Chunlin and others from Hang Seng Bank gathered together.
"This person and HSBC Bank can be said to be the best partners, and each other has made each other successful; HSBC Bank has set aside Standard Chartered Bank by virtue of its performance in the past few years; and this person also relied on the relationship with HSBC Bank, Qingyun went straight up and became One of the richest people in the world." He Shanheng sighed.
"Well, it's a pity! If we want him to fully support our Hang Seng Bank, I am afraid there is only one condition, and that is to let him enter the Hang Seng Bank!" Li Guowei said vigilantly.
Everyone listened and repeated the old story again.
He Tian said: "Looking at Wu Guangyao's property, the bank is indeed what he lacks. He took the initiative to ask for a share, although only 5%, may not have no idea about our Hang Seng Bank. Maybe, what is he waiting for! Could he wait for us to go public? "
"He doesn't have any chance to go public. Hong Kong Island allows AB shares. As long as we plan carefully, it will be difficult for outsiders to shake our position!" Li Guowei, as an expert who has drunk foreign ink and has a practicing certificate issued by the London banking industry, can be described as an expert. Those who are proficient in these are very proficient.
"That's what crisis is waiting for! Leave him alone for now, Wu Guangyao has always been upright in business, we don't have to be mediocre! But we need to be more careful in the future, don't let people take advantage of the loopholes." He Shanheng said old-fashioned.
Everyone nodded as soon as they heard it, it can only be so!
As long as you don’t reveal your flaws, others will have no chance. This is what everyone in Hengsheng thinks at this time!
(End of this chapter)
Please report us if you find any errors so we can fix it asap!
Chapter 299 [Establishment of Hang Seng Bank]
In January 1960, the Hang Seng Bank was officially changed to Hang Seng Bank, He Shanheng became the chairman of Hang Seng Bank, and Wu Guangyao smoothly became a director.
At this time, Hang Seng Bank was only a medium-sized bank among Chinese banks, with a registered share capital of only 30 million, and the paid-in share capital could reach 15 million Hong Kong dollars.
Wu Guangyao values the potential of Hang Seng Bank and the abilities of He Shanheng, Li Guowei and others;
It’s not easy to open a bank on your own. At this time, the bank license is very easy to get. Coupled with your credibility on Hong Kong Island, it’s easy to set up a bank;
But the future development is a big problem, and the timing is not right!
Only when a large-scale ‘bank run on deposit’ occurred in 1965, is the best time to enter the market by yourself.
In the meeting room of Hang Seng Bank, Wu Guangyao attended the shareholders meeting as a director. The meeting was presided over by He Shanheng.
"In addition to announcing the establishment of Hang Seng Bank today, there is one more thing to inform everyone!"
The so-called notification is just to inform Wu Guangyao, because Wu Guangyao never asks about Hang Seng Bank and does not participate in any operations.
Other shareholders, all of them are the management of Hang Seng Bank, and naturally they have already known!
Wu Guangyao’s approach seems to forget that he has shares in Hang Seng Bank. In fact, this is to let everyone in Hang Seng Bank relax their vigilance.
"Hang Seng Bank has purchased an old building on the side of the Central Fire Station, and is preparing to build the future Hang Seng Bank Tower immediately."
Wu Guangyao heard the spirit, he is good at building a mansion!
"Have you found the construction party? The Hong Kong Island Construction under my umbrella has already had experience in building the Yangtze River Center commercial complex. In addition, two new buildings in the Central District are also being constructed. There is absolutely no problem in terms of technology. If Hang Seng Bank is interested , I’ll let Hong Kong Island Construction Co., Ltd. give you a plan and a quotation later.” Wu Guangyao, who became a business expert, nominated himself.
"Is it time for the construction period? Guangyao has two buildings under construction at the same time. Is there still time to build the Hang Seng Bank Building?" He Shanheng asked concerned.
"There is no problem at all. During the peak period of Hong Kong Island, there were four large-scale real estates and a commercial center built at the same time; please rest assured, I am also a shareholder of Hang Seng Bank, and I naturally have to do it as my own business!" Wu Guangyao promised.
Soon everyone said yes. After all, it is better to contract for Hong Kong Island. Wu Guangyao’s reputation is worthy of recognition. Coupled with the achievements made by Hong Kong Island Construction in recent years, it is among the many construction companies on Hong Kong Island. , Is also among the forefront of existence.
Naturally, Wu Guangyao won't make much money, and a 5% to 10% is enough!
He Shanheng went on to say: “The bank property is the bank’s credibility mark, so we want to build a beautiful and beautiful exterior wall with glass curtain wall and aluminum, just like the glorious Ritz Hotel and Shangri-La Hotel.”
"Brother He, has a vision! Although the real estate thing has risen and fallen, looking at ten years as a cycle, it must have risen sharply!" Wu Guangyao agreed.
Hang Seng Bank’s funds for building the building naturally come from depositors’ funds, and it is impossible to use its own funds; all, luxury does not have to be heartache at all, anyway, it’s not using your own money.
Of course, Liao Chong Hing Bank also used the money of its depositors to do real estate. Although it was a huge profit, it laid the roots for itself. Just next year (1961), Liao Baoshan announced that the family assets reached 100 million Hong Kong dollars. , It can be described as arrogant.
However, what followed was a run (1961). Liao Chong Hing Bank had a major crisis because it did not have enough cash to pay depositors. It sought help from its peers, but Liao Chong Hing Bank’s usual style was not good. In order to attract depositors, it raised interest. No one is willing to help him, even HSBC Bank and Standard Chartered Bank are unwilling to help him (acquisition); the final result is that Liao Baoshan died in a hurry, and Liao Chong Hing Bank was greatly injured (not much As a depositor, the reputation of a bank is the most important).
Therefore, Wu Guangyao also looks down on this kind of bank!
"Glory, if you have any loan business in the future, you can also choose our Hang Seng Bank; after all, you are also a shareholder of Hang Seng Bank, and you have to take care of it too!" Li Guowei said suddenly.
Everyone immediately looked at Wu Guangyao with hope. If we can win over Wu Guangyao, then Hang Seng Bank will be much better.
Compared with other loan customers, Wu Guangyao has a high credit standing, and it is basically impossible to change the loan; the bank is most afraid of bad debts, so loans are carefully selected customers.
Wu Guangyao's loan ability is also high, it may be tens of millions at a time, and the repayment is easy. These are all heard by the banking industry!
But in recent years, Wu Guangyao has never taken a loan at a Chinese Bank, because these bankers are all from Guangdong Province and are unfamiliar!
Hearing Li Guowei say this, Wu Guangyao said generously: "There is no problem, even if Li Dong doesn't say anything, I will bring it up later! However, the amount of my loan is relatively large, and at that time, I can only divide a portion of it to Hang Seng Bank. ."
"How old?" Li Guowei asked curiously.
"Take a base of tens of millions! Cheung Kong Holdings has neither debt nor many deposits. So I am going to list Cheung Kong Holdings, raise part of the capital, and then loan part of the capital, and continue to invest in real estate construction."
Everyone took a sigh of relief, Cheung Kong's ambitions are not small!
The value of the Yangtze River Center commercial complex has been valued by bankers, which is as high as 250 million Hong Kong dollars or more;
There are regulations on the listing of Hong Kong Island companies, and the public shares must be more than 25%, which means that Cheung Kong Holdings can raise at least 62.5 million Hong Kong dollars.
Such a large sum of funds is actually not enough for Changjiang Industrial Development. It can be seen that this person in front of him is really a person who likes big projects.
After the meeting broke up, He Shanheng, He Tian, Li Guowei, Liang Zhiwei, Sheng Chunlin and others from Hang Seng Bank gathered together.
"This person and HSBC Bank can be said to be the best partners, and each other has made each other successful; HSBC Bank has set aside Standard Chartered Bank by virtue of its performance in the past few years; and this person also relied on the relationship with HSBC Bank, Qingyun went straight up and became One of the richest people in the world." He Shanheng sighed.
"Well, it's a pity! If we want him to fully support our Hang Seng Bank, I am afraid there is only one condition, and that is to let him enter the Hang Seng Bank!" Li Guowei said vigilantly.
Everyone listened and repeated the old story again.
He Tian said: "Looking at Wu Guangyao's property, the bank is indeed what he lacks. He took the initiative to ask for a share, although only 5%, may not have no idea about our Hang Seng Bank. Maybe, what is he waiting for! Could he wait for us to go public? "
"He doesn't have any chance to go public. Hong Kong Island allows AB shares. As long as we plan carefully, it will be difficult for outsiders to shake our position!" Li Guowei, as an expert who has drunk foreign ink and has a practicing certificate issued by the London banking industry, can be described as an expert. Those who are proficient in these are very proficient.
"That's what crisis is waiting for! Leave him alone for now, Wu Guangyao has always been upright in business, we don't have to be mediocre! But we need to be more careful in the future, don't let people take advantage of the loopholes." He Shanheng said old-fashioned.
Everyone nodded as soon as they heard it, it can only be so!
As long as you don’t reveal your flaws, others will have no chance. This is what everyone in Hengsheng thinks at this time!
(End of this chapter)
Chapter 299 Establishment of Hang Seng BankIn January 1960, the Hang Seng Bank was officially changed to Hang Seng Bank, He Shanheng became the chairman of Hang Seng Bank, and Wu Guangyao smoothly became a director.At this time, Hang Seng Bank was only a medium-sized bank among Chinese banks, with a registered share capital of only 30 million, and the paid-in share capital could reach 15 million Hong Kong dollars.Wu Guangyao values the potential of Hang Seng Bank and the abilities of He Shanheng, Li Guowei and others;It's not easy to open a bank on your own. At this time, the bank license is very easy to get. Coupled with your credibility on Hong Kong Island, it's easy to set up a bank;But the future development is a big problem, and the timing is not right!Only when a large-scale bank run on deposit' occurred in 1965, is the best time to enter the market by yourself.In the meeting room of Hang Seng Bank, Wu Guangyao attended the shareholders meeting as a director. The meeting was presided over by He Shanheng."In addition to announcing the establishment of Hang Seng Bank today, there is one more thing to inform everyone!"The so-called notification is just to inform Wu Guangyao, because Wu Guangyao never asks about Hang Seng Bank and does not participate in any operations.Other shareholders, all of them are the management of Hang Seng Bank, and naturally they have already known!Wu Guangyao's approach seems to forget that he has shares in Hang Seng Bank. In fact, this is to let everyone in Hang Seng Bank relax their vigilance."Hang Seng Bank has purchased an old building on the side of the Central Fire Station, and is preparing to build the future Hang Seng Bank Tower immediately."Wu Guangyao heard the spirit, he is good at building a mansion!"Have you found the construction party? The Hong Kong Island Construction under my umbrella has already had experience in building the Yangtze River Center commercial complex. In addition, two new buildings in the Central District are also being constructed. There is absolutely no problem in terms of technology. If Hang Seng Bank is interested , I'll let Hong Kong Island Construction Co., Ltd. give you a plan and a quotation later. Wu Guangyao, who became a business expert, nominated himself."Is it time for the construction period? Guangyao has two buildings under construction at the same time. Is there still time to build the Hang Seng Bank Building?" He Shanheng asked concerned."There is no problem at all. During the peak period of Hong Kong Island, there were four large-scale real estates and a commercial center built at the same time; please rest assured, I am also a shareholder of Hang Seng Bank, and I naturally have to do it as my own business!" Wu Guangyao promised.Soon everyone said yes. After all, it is better to contract for Hong Kong Island. Wu Guangyao's reputation is worthy of recognition. Coupled with the achievements made by Hong Kong Island Construction in recent years, it is among the many construction companies on Hong Kong Island. , Is also among the forefront of existence.Naturally, Wu Guangyao won't make much money, and a 5% to 10% is enough!He Shanheng went on to say: The bank property is the bank's credibility mark, so we want to build a beautiful and beautiful exterior wall with glass curtain wall and aluminum, just like the glorious Ritz Hotel and Shangri-La Hotel."Brother He, has a vision! Although the real estate thing has risen and fallen, looking at ten years as a cycle, it must have risen sharply!" Wu Guangyao agreed.Hang Seng Bank's funds for building the building naturally come from depositors' funds, and it is impossible to use its own funds; all, luxury does not have to be heartache at all, anyway, it's not using your own money.Of course, Liao Chong Hing Bank also used the money of its depositors to do real estate. Although it was a huge profit, it laid the roots for itself. Just next year 1961, Liao Baoshan announced that the family assets reached 100 million Hong Kong dollars. , It can be described as arrogant.However, what followed was a run 1961. Liao Chong Hing Bank had a major crisis because it did not have enough cash to pay depositors. It sought help from its peers, but Liao Chong Hing Bank's usual style was not good. In order to attract depositors, it raised interest. No one is willing to help him, even HSBC Bank and Standard Chartered Bank are unwilling to help him acquisition; the final result is that Liao Baoshan died in a hurry, and Liao Chong Hing Bank was greatly injured not much As a depositor, the reputation of a bank is the most important.Therefore, Wu Guangyao also looks down on this kind of bank!"Glory, if you have any loan business in the future, you can also choose our Hang Seng Bank; after all, you are also a shareholder of Hang Seng Bank, and you have to take care of it too!" Li Guowei said suddenly.Everyone immediately looked at Wu Guangyao with hope. If we can win over Wu Guangyao, then Hang Seng Bank will be much better.Compared with other loan customers, Wu Guangyao has a high credit standing, and it is basically impossible to change the loan; the bank is most afraid of bad debts, so loans are carefully selected customers.Wu Guangyao's loan ability is also high, it may be tens of millions at a time, and the repayment is easy. These are all heard by the banking industry!But in recent years, Wu Guangyao has never taken a loan at a Chinese Bank, because these bankers are all from Guangdong Province and are unfamiliar!Hearing Li Guowei say this, Wu Guangyao said generously: "There is no problem, even if Li Dong doesn't say anything, I will bring it up later! However, the amount of my loan is relatively large, and at that time, I can only divide a portion of it to Hang Seng Bank. .""How old?" Li Guowei asked curiously."Take a base of tens of millions! Cheung Kong Holdings has neither debt nor many deposits. So I am going to list Cheung Kong Holdings, raise part of the capital, and then loan part of the capital, and continue to invest in real estate construction."Everyone took a sigh of relief, Cheung Kong's ambitions are not small!The value of the Yangtze River Center commercial complex has been valued by bankers, which is as high as 250 million Hong Kong dollars or more;There are regulations on the listing of Hong Kong Island companies, and the public shares must be more than 25%, which means that Cheung Kong Holdings can raise at least 62.5 million Hong Kong dollars.Such a large sum of funds is actually not enough for Changjiang Industrial Development. It can be seen that this person in front of him is really a person who likes big projects.After the meeting broke up, He Shanheng, He Tian, Li Guowei, Liang Zhiwei, Sheng Chunlin and others from Hang Seng Bank gathered together."This person and HSBC Bank can be said to be the best partners, and each other has made each other successful; HSBC Bank has set aside Standard Chartered Bank by virtue of its performance in the past few years; and this person also relied on the relationship with HSBC Bank, Qingyun went straight up and became One of the richest people in the world." He Shanheng sighed."Well, it's a pity! If we want him to fully support our Hang Seng Bank, I am afraid there is only one condition, and that is to let him enter the Hang Seng Bank!" Li Guowei said vigilantly.Everyone listened and repeated the old story again.He Tian said: "Looking at Wu Guangyao's property, the bank is indeed what he lacks. He took the initiative to ask for a share, although only 5%, may not have no idea about our Hang Seng Bank. Maybe, what is he waiting for! Could he wait for us to go public? ""He doesn't have any chance to go public. Hong Kong Island allows AB shares. As long as we plan carefully, it will be difficult for outsiders to shake our position!" Li Guowei, as an expert who has drunk foreign ink and has a practicing certificate issued by the London banking industry, can be described as an expert. Those who are proficient in these are very proficient."That's what crisis is waiting for! Leave him alone for now, Wu Guangyao has always been upright in business, we don't have to be mediocre! But we need to be more careful in the future, don't let people take advantage of the loopholes." He Shanheng said old-fashioned.Everyone nodded as soon as they heard it, it can only be so!As long as you don't reveal your flaws, others will have no chance. This is what everyone in Hengsheng thinks at this time!End of this chapter
