Liang Anqi lay in Chen Hao's arms again: Ahao, it's really not that easy for you to acquire Hang Seng Bank.
Chen Hao hugged Liang Anqi's slender waist, felt the soft and tender fragrance of the beauty, and asked: How much do you know about Hang Seng Bank?
Then it's a long story.Liang Anqi began to tell the story!
Hang Seng Bank Co., Ltd. was founded by Lam Bingyan, Ho Shanheng, Liang Zhiwei, Sheng Chunlin and Ho Tian on March 3, 1933. It is a bank focusing on Hong Kong and mainland businesses and is one of the members of the HSBC Group.The total market value reaches HK$100 billion, and based on market value, it is the largest locally registered listed bank in Hong Kong.The long-term goal is to become a leading regional bank in Greater China, focusing on South China and the Yangtze River Delta.Hang Seng Bank is also responsible for calculating the reference index of the Hong Kong stock market: the Hang Seng Index.
According to the official website of Hang Seng, it means eternal growth; but according to He Tian, once served as vice chairman of Hang Seng, the words Hang Seng are taken from the Hengxing Silver Number opened by Sheng Chunlin and the Shengda Silver Number of Lin Bingyan at that time.
During the founding of Hang Seng Bank in 1933, among the four founders, He Shanheng contributed the least investment, only HK$1,000, but he had the closest relationship with Hang Seng's development.
The Hang Seng Silver was originally located in an old building, No. 70 Yongle Street, Sheung Wan, where the silver houses are full of silver houses, with an area of only 800 square feet.At that time, Lin Bingyan was appointed as the chairman of the bank, while the manager and deputy managers were He Shanheng and Liang Zhiwei respectively. There were only 11 employees in the bank, which was a small scale.In the early stage, it mainly engaged in the trading of gold, exchange and exchange.In the first year of opening, a profit of HK$10,389.Hang Seng Bank is based in Hong Kong and its business has expanded to major cities such as Guangzhou and Shanghai.
In 1937, Japan launched a war of aggression against China, and wealthy mainlanders went south one after another, eager to exchange silver dollars into Hong Kong dollars.Since Hang Seng has set up a wide range of business networks in mainland China, business is constantly circulating.The Chinese National Government urgently needs foreign exchange to provide military expenditures, and Hang Seng is more exclusive to the government's exchange business, drawing commissions from it, making great profits.
In 1941, Hong Kong fell and Hang Seng was forced to close its business.Lin Bingyan, He Shanheng and others brought the same funds and 18 employees to Macau for a temporary retreat.Since at that time, the Hang Seng Silver Bank of the same name was founded by Qu Ronghe in Macau, they changed their name to Yonghua Silver Bank and continued to operate it.
In 1945, after Hong Kong was liberation, they returned to Hong Kong and moved the Hang Seng Silver to the new site, No. 181 Queen's Avenue Central, Central, and reopened the property. The new store was larger than before.In 1946, Li Guowei was invited to join and was in charge of overseas gold trading.
On December 5, 1952, Hang Seng was registered as a private limited company in Hong Kong with a registered capital of HK$10 million and a paid-in capital of HK$5 million and a new board of directors.At that time, Lin Bingyan had passed away, with He Shanheng as chairman, Liang Zhiwei as vice chairman, and He Tian as general manager.In 1953, Hang Seng moved to a 5-storey self-owned property located at No. 163 to 165 Queen's Avenue Central, Central, to fully carry out commercial bank business.
At that time, Hang Seng's main customers were the general public and small and medium-sized enterprises.He Shanheng has set up a series of service rules for employees, stipulating that employees must treat customers with sincerity and are deeply welcomed by the public.As for small and medium-sized enterprise customers, they are mainly Guangdong-born manufacturers of garment, toys, electronics, plastics and hardware.They want to get credit, but they don’t have the balance sheet and sufficient conditions to support them in obtaining credit.Since Hang Seng has already known their background, he doesn't mind granting credit.These small companies later developed into large companies and large groups, and became long-term customers of Hang Seng.
In October 1959, Hang Seng increased its registered capital to HK$30 million and its paid-in capital was about HK$15 million.On February 7, 1960, Hang Seng was reorganized into Hong Kong's Public Co., Ltd., which was officially renamed Hang Seng Bank.In the same year, two branches were established in Yau Ma Tei and Mong Kok, Kowloon, and actively developed the branch network of Hong Kong and Kowloon.On Christmas 1962, the Hang Seng Building, the new headquarters building, was completed and put into use. It is 22 floors high and was the tallest building in Hong Kong at that time. The Hang Seng headquarters moved to the former site of the Central District Fire Department in 1991.
From 1954 to 1964, Hang Seng's capital account increased from HK$6.3 million to HK$52.5 million, and deposits increased from HK$21 million to HK$7.2 billion; total assets increased from HK$32 million to HK$76.1 billion.Before the Hong Kong stock market crash in 1965, Hang Seng was the largest Chinese-funded bank in Hong Kong in terms of deposits and assets, and gradually became the main competitor of HSBC Bank in Hong Kong and Shanghai in terms of banking retail business.
In January 1965, the first major banking crisis in history broke out in Hong Kong.
The incident happened on January 23, the US dollar check worth approximately HK$7 million issued by Mingde Silver was refused payment.After the news came out, many depositors flocked to withdraw cash. Because the bank account could not pay the huge amount of withdrawals for a while, the Hong Kong government officially took over the Mingde Bank account on January 27.Afterwards, the squeezing spread to other Chinese banks, such as Guangdong Trust Bank, Hang Seng Bank, Guang'an Bank, Daoheng Bank, Yonglong Bank, etc.After the Hong Kong and Shanghai HSBC Bank and Standard Chartered Bank announced that it would provide unlimited support to Hong Kong's Chinese-owned banks, and the Hong Kong government took a number of measures, the storm temporarily subsided by February 10.But the incident did not end there.Until March, some newspapers still published some rumors about unfounded and slandering local banks, and Hang Seng was one of them.During this period, major customers quietly canceled their accounts; by early April, the squeeze and withdrawal broke out again, and Hang Seng Bank was the first to be affected.
The first thing that happened was Aberdeen Branch.At that time, a large number of customers rushed to withdraw deposits, and He Tian, as the general manager, advised not to rush to withdraw money.Some major customers of HK$200,000 or HK$300,000, such as Superintendent Han Sen, asked He Tian to sign a guarantee before withdrawing the money.In the head office, the withdrawal crowd extended to the Hong Kong club in Queens Square.HSBC once again expressed its support for Hang Seng Bank and appointed staff to station in the lobby of the Hang Seng Headquarters to prove that there was enough cash supply, and stacks of banknotes were spread all over the lobby.However, there are no signs of improvement.On April 5, Hang Seng Bank lost HK$80 million in one day, accounting for one-sixth of the total bank deposits, and lost a total of HK$200 million by early April.
After many days of discussion, on April 8, the board of directors decided to sell the bank's controlling rights to HSBC and hand it over to Li Guowei, who is familiar with English, for full rights reserved.On April 9, after obtaining approval from Hong Kong Financial Secretary Guo Bowei, negotiations were immediately held with HSBC.During the negotiations, the two parties had a big difference in the total value of Hang Seng and the number of shares sold.HSBC believes that Hang Seng’s total value is HK$67 million and requires the acquisition of 76% of Hang Seng’s equity; but Hang Seng believes that its total value is HK$100 million and is only willing to sell 51% of the equity.Because HSBC was worried that it would be difficult for it to survive if Hang Seng went bankrupt, it agreed on April 12 to acquire 51% of Hang Seng's equity for RMB 51 million.
Angel Leong sighed and said: Ah Hao, so if you want to acquire Hang Seng Bank, you must face HSBC. Although you are not short of money, what I want to tell you is that HSBC is not short of money either. Compared with HSBC, the assets of Stanley Ho are not even considered to be a younger brother. They can only be said to be a baby!
Chen Hao hugged Liang Anqi's slender waist, felt the soft and tender fragrance of the beauty, and asked: How much do you know about Hang Seng Bank?
Then it's a long story.Liang Anqi began to tell the story!
Hang Seng Bank Co., Ltd. was founded by Lam Bingyan, Ho Shanheng, Liang Zhiwei, Sheng Chunlin and Ho Tian on March 3, 1933. It is a bank focusing on Hong Kong and mainland businesses and is one of the members of the HSBC Group.The total market value reaches HK$100 billion, and based on market value, it is the largest locally registered listed bank in Hong Kong.The long-term goal is to become a leading regional bank in Greater China, focusing on South China and the Yangtze River Delta.Hang Seng Bank is also responsible for calculating the reference index of the Hong Kong stock market: the Hang Seng Index.
According to the official website of Hang Seng, it means eternal growth; but according to He Tian, once served as vice chairman of Hang Seng, the words Hang Seng are taken from the Hengxing Silver Number opened by Sheng Chunlin and the Shengda Silver Number of Lin Bingyan at that time.
During the founding of Hang Seng Bank in 1933, among the four founders, He Shanheng contributed the least investment, only HK$1,000, but he had the closest relationship with Hang Seng's development.
The Hang Seng Silver was originally located in an old building, No. 70 Yongle Street, Sheung Wan, where the silver houses are full of silver houses, with an area of only 800 square feet.At that time, Lin Bingyan was appointed as the chairman of the bank, while the manager and deputy managers were He Shanheng and Liang Zhiwei respectively. There were only 11 employees in the bank, which was a small scale.In the early stage, it mainly engaged in the trading of gold, exchange and exchange.In the first year of opening, a profit of HK$10,389.Hang Seng Bank is based in Hong Kong and its business has expanded to major cities such as Guangzhou and Shanghai.
In 1937, Japan launched a war of aggression against China, and wealthy mainlanders went south one after another, eager to exchange silver dollars into Hong Kong dollars.Since Hang Seng has set up a wide range of business networks in mainland China, business is constantly circulating.The Chinese National Government urgently needs foreign exchange to provide military expenditures, and Hang Seng is more exclusive to the government's exchange business, drawing commissions from it, making great profits.
In 1941, Hong Kong fell and Hang Seng was forced to close its business.Lin Bingyan, He Shanheng and others brought the same funds and 18 employees to Macau for a temporary retreat.Since at that time, the Hang Seng Silver Bank of the same name was founded by Qu Ronghe in Macau, they changed their name to Yonghua Silver Bank and continued to operate it.
In 1945, after Hong Kong was liberation, they returned to Hong Kong and moved the Hang Seng Silver to the new site, No. 181 Queen's Avenue Central, Central, and reopened the property. The new store was larger than before.In 1946, Li Guowei was invited to join and was in charge of overseas gold trading.
On December 5, 1952, Hang Seng was registered as a private limited company in Hong Kong with a registered capital of HK$10 million and a paid-in capital of HK$5 million and a new board of directors.At that time, Lin Bingyan had passed away, with He Shanheng as chairman, Liang Zhiwei as vice chairman, and He Tian as general manager.In 1953, Hang Seng moved to a 5-storey self-owned property located at No. 163 to 165 Queen's Avenue Central, Central, to fully carry out commercial bank business.
At that time, Hang Seng's main customers were the general public and small and medium-sized enterprises.He Shanheng has set up a series of service rules for employees, stipulating that employees must treat customers with sincerity and are deeply welcomed by the public.As for small and medium-sized enterprise customers, they are mainly Guangdong-born manufacturers of garment, toys, electronics, plastics and hardware.They want to get credit, but they don’t have the balance sheet and sufficient conditions to support them in obtaining credit.Since Hang Seng has already known their background, he doesn't mind granting credit.These small companies later developed into large companies and large groups, and became long-term customers of Hang Seng.
In October 1959, Hang Seng increased its registered capital to HK$30 million and its paid-in capital was about HK$15 million.On February 7, 1960, Hang Seng was reorganized into Hong Kong's Public Co., Ltd., which was officially renamed Hang Seng Bank.In the same year, two branches were established in Yau Ma Tei and Mong Kok, Kowloon, and actively developed the branch network of Hong Kong and Kowloon.On Christmas 1962, the Hang Seng Building, the new headquarters building, was completed and put into use. It is 22 floors high and was the tallest building in Hong Kong at that time. The Hang Seng headquarters moved to the former site of the Central District Fire Department in 1991.
From 1954 to 1964, Hang Seng's capital account increased from HK$6.3 million to HK$52.5 million, and deposits increased from HK$21 million to HK$7.2 billion; total assets increased from HK$32 million to HK$76.1 billion.Before the Hong Kong stock market crash in 1965, Hang Seng was the largest Chinese-funded bank in Hong Kong in terms of deposits and assets, and gradually became the main competitor of HSBC Bank in Hong Kong and Shanghai in terms of banking retail business.
In January 1965, the first major banking crisis in history broke out in Hong Kong.
The incident happened on January 23, the US dollar check worth approximately HK$7 million issued by Mingde Silver was refused payment.After the news came out, many depositors flocked to withdraw cash. Because the bank account could not pay the huge amount of withdrawals for a while, the Hong Kong government officially took over the Mingde Bank account on January 27.Afterwards, the squeezing spread to other Chinese banks, such as Guangdong Trust Bank, Hang Seng Bank, Guang'an Bank, Daoheng Bank, Yonglong Bank, etc.After the Hong Kong and Shanghai HSBC Bank and Standard Chartered Bank announced that it would provide unlimited support to Hong Kong's Chinese-owned banks, and the Hong Kong government took a number of measures, the storm temporarily subsided by February 10.But the incident did not end there.Until March, some newspapers still published some rumors about unfounded and slandering local banks, and Hang Seng was one of them.During this period, major customers quietly canceled their accounts; by early April, the squeeze and withdrawal broke out again, and Hang Seng Bank was the first to be affected.
The first thing that happened was Aberdeen Branch.At that time, a large number of customers rushed to withdraw deposits, and He Tian, as the general manager, advised not to rush to withdraw money.Some major customers of HK$200,000 or HK$300,000, such as Superintendent Han Sen, asked He Tian to sign a guarantee before withdrawing the money.In the head office, the withdrawal crowd extended to the Hong Kong club in Queens Square.HSBC once again expressed its support for Hang Seng Bank and appointed staff to station in the lobby of the Hang Seng Headquarters to prove that there was enough cash supply, and stacks of banknotes were spread all over the lobby.However, there are no signs of improvement.On April 5, Hang Seng Bank lost HK$80 million in one day, accounting for one-sixth of the total bank deposits, and lost a total of HK$200 million by early April.
After many days of discussion, on April 8, the board of directors decided to sell the bank's controlling rights to HSBC and hand it over to Li Guowei, who is familiar with English, for full rights reserved.On April 9, after obtaining approval from Hong Kong Financial Secretary Guo Bowei, negotiations were immediately held with HSBC.During the negotiations, the two parties had a big difference in the total value of Hang Seng and the number of shares sold.HSBC believes that Hang Seng’s total value is HK$67 million and requires the acquisition of 76% of Hang Seng’s equity; but Hang Seng believes that its total value is HK$100 million and is only willing to sell 51% of the equity.Because HSBC was worried that it would be difficult for it to survive if Hang Seng went bankrupt, it agreed on April 12 to acquire 51% of Hang Seng's equity for RMB 51 million.
Angel Leong sighed and said: Ah Hao, so if you want to acquire Hang Seng Bank, you must face HSBC. Although you are not short of money, what I want to tell you is that HSBC is not short of money either. Compared with HSBC, the assets of Stanley Ho are not even considered to be a younger brother. They can only be said to be a baby!
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