Rebirth of the Great Entertainment Empire

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The reason why Xu Cun chose to acquire Standard Chartered Bank at this time was not only because Xu Cun had a lot of money, but also three very important reasons behind it:

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

Roberts, the chairman of the board of directors of Standard Chartered Bank, was not appointed by the major shareholders, but was promoted to the chairman of the board of directors because of his outstanding performance in the position of CEO before, so he received the support of the majority of shareholders in the general meeting of shareholders.

And CEO Bonnet is the CEO backed by the Goldston family.

Roberts, the chairman of the board of directors, and Bonnet, the chief executive, have considerable differences on the business direction of Standard Chartered Bank-they even broke out fierce debates on whether to issue new shares to the market.

Bonat hopes to increase the capital of Standard Chartered Bank by issuing new shares, so as to accelerate the group's global expansion. However, in the view of Roberts, chairman of the board of directors, the main reason for the recent sluggish profitability of Standard Chartered Bank is because of too fast expansion. For example, Standard Chartered Bank previously acquired the United Bank of California, and took the opportunity to gain access to the Brazilian and Venezuelan markets. However, instead of quickly opening up new markets, Standard Chartered Bank suffered serious losses in the US market, which greatly dragged down the Overall profitability of Standard Chartered Bank.

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

The fierce infighting between the chairman of the board of directors and the chief executive officer has made Standard Chartered Bank unable to come up with a new plan to improve the company's performance. As a result, the profitability of Standard Chartered Bank 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 the dividends of Standard Chartered Bank dropped sharply, but even the stock price continued to slump. As a result, many shareholders, including the largest shareholder of Standard Chartered Bank, the London Unemployment and Pension Relief Fund Alliance, intend to sell the shares of Standard Chartered Bank at high prices.

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 next year.

In the last life, the main reason why Standard Chartered Bank has always been inferior to HSBC, and was even left behind by HSBC is that in 1987 Standard Chartered Bank will hold 39% of Standard Bank The sale of all the shares made Standard Bank completely a bank with a South African background, causing Standard Chartered Bank to cut itself off - South Africa is the largest and most powerful economy in Africa. In the previous life, the Standard Bank with a long history finally developed into the largest commercial bank in South Africa and even in the whole of Africa. As of June 30, 2007, the total assets of Standard Bank were approximately US$162 billion, ranking first in Africa. According to the ranking of Tier 1 capital, the bank ranked 106th in the world and Africa first. In addition, from 2001 to 2002, when the Internet industry was at its lowest point, it successively purchased 45.5% of Tencent's shares from the main founders of PCCW, IDG and Tencent, becoming Tencent's largest South Africa's MIH Millard International Holdings Group, the sole shareholder, is a wholly-owned subsidiary of Standard Bank's subsidiary, South Africa's Naspers Limited.

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

In October 1984, the Johnson Matthew Bankers Limited (Johnson Matthew Bankers Limited) collapse event (referred to as the "JMB event") that caused an international sensation occurred in the United Kingdom.

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

A new rule was put forward 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 celebrities in Xiangjiang's industrial and commercial circles to support China in the return of Xiangjiang, the UK hated Xu Cun from top to bottom.

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

Fortunately——

The UK will have to wait until May 15, 1987 to pass the "Banking Act 1987" to replace the "Banking Act 1979". The approval of the Bank of England must be obtained before more than 15 per cent of the shares!" will not come into force until the Banking Act 1987 is passed.

All in all, Xu Cun wants to acquire 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 creeped by Xu Cun, couldn't help asking Xu Cun: "Why do you keep looking at me?"

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

While continuing to look at Weng Hong unscrupulously, Xu Cun said, "Because you look good."

For Xu Cun's blatant pursuit, Weng Hong, who has some good feelings for Xu Cun but really can't accept Xu Cun's fickleness, hasn't figured out how to deal with it—after all, Weng Hong is only an eighteen-year-old girl at this time. The girl, isn't that Huang Jieyi, Xiaobaicai, and court lady Guilian who are willing to go all out for money and fame.

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

Weng Hong gave Xu Cun a white look, and said: "If you are fine, I will go out first."

After finishing speaking, Weng Hong made a gesture to leave.

At first, Xu Cun didn't stop Weng Hong, and let Weng Hong turn the false 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 to eight billion US dollars, do you dare to take it over?"

Xu Cun did not joke with Weng Hong.

Yuan Tianfan went to the London secondary market to help Xu Cun buy the shares of Standard Chartered Bank, so it is impossible to continue to help Xu Cun direct the liquidation at the headquarters of Citibank.

Honestly--

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

but--

There is very little that can really reassure the suspicious Xu Cun.

At present, Lizhi has replaced Yuan Tianfan in Citibank to direct the liquidation of Citibank, and ANZ Bank is temporarily supported by Zhou Lan, and has suspended the liquidation—although Zhou Lan is smart, but Zhou Lan focuses on the military, not The economy, and Xu Cun didn't want Zhou Lan, who already controlled half of his armed forces, to touch the economy again.

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

But--

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

Therefore, Xu Cuncai thought of Weng Hong, whom he regarded as a taboo and who had been studying economics hard.

In addition, Xu Cun also wants to seduce Weng Hong with a large sum of money that ordinary people dare not even think about, so that Weng Hong will give up resistance and fall into the arms of Xu Cun, an official.

That's why Xu Cun asked this question.

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