Shenhao: Tianhu Started And Reached The Pinnacle Of Life!

Chapter 226: The Battle Begins, And Hsbc Ends In A Fiasco!

On December 29, 2008, Xia Guo's central bank issued a statement to set up a branch in Hong Kong to manage Hong Kong dollar issuance-related affairs.

Not only that, the China Banking Regulatory Commission and the China Securities Regulatory Commission announced that they would take over Xiangjiang's banking industry, futures trading market, and securities trading market.

As soon as the news came out, the entire Xiangjiang River was in a state of excitement, especially the opening of a total of 360 ICBC branches in the 18 districts of Xiangjiang, which brought this wave to its peak at once, and all the eight million Xiangjiang people were talking about it.

At the same time, Huoshi Group, Cheung Kong Enterprises, Hutchison Whampoa, Henderson Land, Chow Tai Fook, Shun Tak Group and many other companies announced that they would use ICBC accounts to settle funds, causing heated discussions again.

This is more than half of the top ten Chinese families in Xiangjiang, and even He Gambling King's business is a platform for ICBC.

Their announcement made eight million Xiangjiang people immediately choose the nearest ICBC branch to open an account, and transferred funds from other banks to ICBC. Many banks in Xiangjiang seemed to have suffered heavy losses, and the market value of the stock market fell rapidly.

Among them, HSBC is the most miserable, losing the right to issue Hong Kong dollars, coupled with the supplementary knife of the Chinese-funded consortium, how can it survive.

For a time, the stock price of HSBC Bank in Xiangjiang plummeted by more than ten points and continued to fall.

"boss!"

"The board of directors has held a joint meeting and unanimously decided to withdraw from Xiangjiang.

1 Queen's Road Central, Central, HSBC Headquarters Building, inside the CEO's Office.

HSBC Taipan is reporting the board's decision to HSBC Holdings CEO Kee Qin.

Before the market opened at 8:30 am on December 30, HSBC's share price had evaporated by two-thirds, less than HK$15 per share, and the loss had exceeded HK$600 billion, equivalent to US$7.6 billion.

"It's over!"

"It's all over!"

Ji Qin, chief executive of HSBC Holdings, this white British man is ashamed.

Originally, HSBC existed as a winner in the financial crisis in 2008. On October 21, 2008, HSBC Holdings acquired PTBank EkonomiRaharjaTbk88, one of the largest industrial and commercial banks in Indonesia, with US$607.5 million in internal cash through its subsidiary HSBC Asia Pacific Holdings. .89% equity, becoming the third largest foreign bank in Indonesia after Standard Chartered Bank and Citigroup.

They were even planning to attack the global financial market and increase their harvesting efforts, but they did not expect to encounter such a catastrophe.

When Xia Guo announced the news, HSBC was attacked by more than one trillion Hong Kong dollars, and they went all out to short them.

The 600 billion Hong Kong dollars evaporated in just one day, and they were not given a chance to operate at all.

"BOSS~「!"

"The government of Xiangjiang has announced that electricity and water supply will be nationalized."

"Xiaguo Power Grid established a Xiangjiang branch to benchmark domestic electricity tariff standards."

"Xiangjiang Water Supply Company was jointly established by Xiangjiang and Pengcheng State-owned Assets Supervision and Administration Commission to guarantee water and electricity for Xiangjiang.

"Li Chaoren has blatantly shot at the Kadao Financial Group. CLP, Shanghai Metro Hotel Group, and Xiangjiang Carpet have been shorted. Although the decline in market value is not as good as ours, the Kadao Financial Group has no spare time to support us."

HSBC Taipan continued to report.

What?"

Hearing this, Ji Qin couldn't help asking: "Where are the Tai Tong Consortium and the Jardine Consortium?"

"BOSS!"

However, the HSBC Taipan had a death-like expression on his face, and said dejectedly: "The Huo Group and Chow Tai Fook are concentrating funds to short Swire shares."

"Henderson Land and Sun Hung Kai Properties are also shorting Swire Shipping."

"As for the Jardine Consortium, the Shun Tak Group is doing all it can to short, and even the parent company, Jardine Holdings, has been attacked in London.

"This time, it's not just us, the other three consortiums have all suffered a devastating blow."

boom!

These words hit Ji Qin, CEO of HSBC Holdings, like a bolt from the blue.

The Huo family, the Zheng family, the Li family, and the Guo family are dealing with the Taikoo consortium. Is the Huazi consortium crazy? This is the rhythm of fighting against Taikoo.

Li Chaoren's family and He Gai Wang's family are grandiosely dealing with the Kadao Financial Group and the Jardine Financial Group, so who is actually dealing with them?

Moreover, Jardine Holdings Limited, the flagship of the Jardine Consortium, has long been transferred to Bermuda for registration and establishment. It has the primary listing status on the London Stock Exchange and the secondary listing status on the Bermuda Stock Exchange and the Lion City Stock Exchange.

To short Jardine Holdings, you need to have a very strong force in London. I am afraid that even the Xiangjiang family will not be able to do this.

For a time, a heavy shadow hung over the four major British consortiums, and Ji Qin, chief executive of HSBC Holdings, couldn't see the way at all.

"Immediately apply to the China Securities Regulatory Commission for delisting!"

After contemplating, Ji Qin, CEO of HSBC Holdings, immediately made a decision.

"BOSS!"

"The China Securities Regulatory Commission has been taken over by Xia Guo."

"They asked us to transfer our 62.14% stake in Hang Seng Bank to ICBC."

"Otherwise, it will be impossible for HSBC to delist, unless the stock price falls to the point where it has to be delisted."

The corner of the HSBC Taipan's mouth was full of bitterness.

Up to now, Xiangjiang is no longer their final decision, and they cannot decide to delist.

According to the rules of listed companies, unless approved by the China Securities Regulatory Commission, no listed company can apply for delisting without reason. There is only one possibility, and that is bankruptcy and delisting.

It is not long before the opening of the market, and they must make a decision as soon as possible.

".||It looks like we're going to lose all our business in Xia Guo."

Hearing this, Ji Qin, CEO of HSBC Holdings, looked very ugly.

Hang Seng Bank is a member of the HSBC Group. It is a bank focusing on Hongkong and Xiaguo mainland business. As of today, Hang Seng has a total market value of 214.1 billion Hong Kong dollars. In terms of market value, it is the largest locally registered listed bank in Hong Kong.

Moreover, Hang Seng Bank is already responsible for calculating the reference index of the Hong Kong stock market: the Hang Seng Index.

Without Hang Seng Bank, HSBC lost the possibility of controlling the Asia-Pacific market, and also lost the last bit of capital in Chun (Li Jiang.

But HSBC has no choice. If it continues to waste time, let alone a Hang Seng Bank, I am afraid that several Hang Seng Banks will not be able to recover the loss.

"Agree to the request of the Securities Regulatory Commission."

"Notify ICBC immediately to come and sign the transfer contract!"

"No, I will go to ICBC in person!"

HSBC Holdings CEO Ji Qin gritted his teeth and said.

"yes!"

The HSBC executive breathed a sigh of relief, and hurried down to arrange the disturbance.

At 8:55 a.m. that day, HSBC Group transferred 62.14% of its shares in Hang Seng Bank to ICBC at a price of 30 billion Hong Kong dollars. As soon as the news came out, the entire industry was in an uproar. s price.

However, at 9:00 in the morning, Xiangjiang opened its market, and the China Securities Regulatory Commission announced the delisting news of HSBC. .

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