In Hong Kong, we build a global business empire

Chapter 600 Citibank’s Rejection

"Uncle Guo, Xiaohan, take care, come back when you have time!" Outside the Lin family villa, Lin Haoran saw off the uncle and nephew of the Guo family.

"Okay, it's late at night. Haoran, don't stay outside for too long. Go back quickly!" Guo Henian waved to him and took Guo Xiaohan into the car.

At this moment, it is already past nine o'clock in the evening.

In the study, the three of them chatted a lot.

This time, Guo Henian came with sincerity.

With Guo Henian's support, Lin Haoran felt inexplicably relieved.

Today, the Guo family’s investment in Hong Kong has reached tens of billions of Hong Kong dollars.

In the future, there will be even more!

Once he completely privatizes Bank of East Asia, in addition to the businesses of his companies such as Hutchison Whampoa Group and Hong Kong Electric Group, if he can also get financial business support from the Guo family in Hong Kong, it will undoubtedly be very good news.

"This is an ally!" Looking at the taillights of the Rolls-Royce that was gradually moving away, Lin Haoran said with some emotion.

In comparison, compared with the Li family, which had previously decided to be his ally but ended up running away halfway, the Guo family is a truly trustworthy and solid partner who can fight side by side.

Under the test, the true colors of human nature and friendship are fully revealed.

In order to protect themselves, the Li family broke the alliance and withdrew at the critical moment, leaving Lin Haoran alone to face the precarious situation. Such behavior was selfish and short-sighted.

However, the Guo family stood firmly by his side at this time, demonstrating with practical actions what it meant to share weal and woe. This friendship also made him see more clearly who was truly worthy of close friendship.

An impending commercial war has become a touchstone for Lin Haoran to select reliable allies.

Lin Haoran stood where he was, his eyes still following the receding car, his mind churning with thoughts.

He didn't turn back to the villa until the taillights of the car were completely out of sight.

He was naturally aware that the upcoming business war with Huifeng Bank would be a tough one, but with the support of a big force like the Guo family, he felt more confident.

The Guo family alone is enough to replace tens of thousands of ordinary customers.

Time flies. In a blink of an eye, one night has passed and it is June 6th.

At around eight o'clock in the morning, hundreds of people gathered on the 15th floor of a commercial building next to the Huifeng Bank headquarters building.

Among them are chairmen and general managers from Hong Kong local banks, as well as representatives from foreign banks.

Such as Bank of China, Standard Chartered Bank, Hang Seng Bank, Dah Sing Bank, Credit Agricole CIB, Ka Wah Bank, Hang Lung Bank, Wing On Bank, Wing Lung Bank, Connaught Bank and so on.

Basically, most of the banks with business in Hong Kong have sent representatives here.

In addition, most major financial companies that do not have banking licenses have also sent representatives here.

In addition to these people, reporters from dozens of mainstream media in Hong Kong also came here.

They received the invitation letter from Huifeng Bank last night, and coupled with what Lin Haoran said to the reporters in the afternoon, all media companies knew that there was going to be another good show to watch.

Here is the office of the Hong Kong Bankers Association which is about to be established. They will also be officially announced here today.

"Mr. Shen Bi, according to our statistics, Citibank, Hong Kong Bank of Communications, and Nanyang Commercial Bank have not sent anyone!" When Shen Bi was dealing with other bank bosses, an assistant came over and whispered in his ear.

Upon hearing this, Shen Bi's brows immediately furrowed.

Citibank really had no intention of intervening in this matter.

A few days ago, he personally called Mr. Walter Reston, the chairman of Citibank in New York, USA, hoping that Citibank's Hong Kong branch would work with their Huifeng Bank to isolate the Bank of East Asia, and promised many benefits.

At that time, Mr. Walter Reston did not give a precise answer, but only said that they would consider it.

Afterwards, he kept asking the general manager of Citibank's Hong Kong branch for the results, but there was no reply.

Now, there is no need to think about it anymore, because the other party has rejected Huifeng Bank.

Citibank is a well-known international bank with branches almost all over the world. Although their Huifeng Bank is quite strong, it cannot compare with Citibank in terms of internationalization.

Therefore, Citibank does have the confidence to reject Huifeng Bank.

However, he couldn't understand why the other party still refused after he promised him so many benefits?

He also knew that Lin Haoran had a lot of cooperation with Citibank, but in Shen Bi's opinion, once Lin Haoran had his own big bank, the need for cooperation with external banks would definitely be greatly reduced. This was also the reason why he thought he could convince Citibank.

But in the end, the other party chose to stay out of it.

A feeling of frustration surged in Shen Bi's heart, but he quickly suppressed the emotion.

At this moment, the Hong Kong Banking Association was about to be established, and he could not let this little episode affect the overall situation.

Little did he know that in the eyes of Mr. Walter Reston, the little benefit promised by Huifeng Bank was nothing at all.

Citibank has cooperated with Lin Haoran many times, and even watched him rise, so it naturally knows how strong Lin Haoran's ability to make money is.

Every time he cooperated with Citibank, Citibank was able to obtain a considerable commission.

In this situation, let them offend the financial backers that they have cultivated with great difficulty?
Although Lin Haoran is now planning to start his own bank, Mr. Walter Reston has already investigated in the past few days and found that although the Bank of East Asia has also developed international business, the proportion it occupies is not very large.

Therefore, as long as Citibank continues to maintain its friendship with Lin Haoran, Lin Haoran’s future international financial cooperation will still fall on Citibank.

As for the rejection of the Hong Kong Bank of Communications and the Nanyang Commercial Bank, Shen Bi was not surprised. It was just something he expected.

Because both the Hong Kong Bank of Communications and the Nanyang Commercial Bank are Chinese banks.

Simply put, the controllers behind these two banks are from the North, and there are political factors involved, so Huifeng Bank doesn't dare to offend them too much!

So, Shen Bi was not disappointed that they did not participate.

To his disappointment, Citibank ultimately rejected the offer.

Citibank’s rejection did make Shen Bi very unhappy. After all, in his opinion, no matter how strong Citibank was internationally, so what? This was Hong Kong, and their Huifeng Bank was the boss!

Although he was very unhappy, it was impossible for him to really take on Citibank, unless their Huifeng Bank no longer wanted to internationalize, especially the US market.

Today, they are trying every means to increase their market share in the United States by relying on the Haifeng Bank, which they recently acquired.

But it would obviously be very unwise to offend Citibank.

Therefore, Shen Bi had no choice but to give up.

However, looking at so many people at the scene, Shen Bi suddenly became full of passion again.

Coming here means that they have promised to join the Hong Kong Banking Association. With so many banks and financial companies joining together to let customers in Hong Kong choose between the two, he doesn't believe that anyone would choose to continue cooperating with Bank of East Asia.

At this moment, he seemed to see that because the Bank of East Asia had lost all its customers, its 20 Hong Kong branches were deserted and had very few customers, and eventually they had no choice but to close down one by one.

When he thought of this, Shen Bi couldn't help but laugh.

In his opinion, he doesn't care about other industries, but the banking industry must be the private territory of their Huifeng Bank. He does not want to see Lin Haoran, a potential threat, continue to expand in Hong Kong's financial landscape.

He wanted to completely remove the "thorn in the eye" of Bank of East Asia and not give Huifeng Bank any worries.

Time soon came to nine o'clock in the morning, and representatives from major banks took their seats one after another.

There were name tags of the guests on the seats. In the middle of the front row, Shen Bi, director of the Hong Kong Finance Department and president of the Hui Feng Bank, was sitting there.

Originally, Shen Bi invited the Governor of Hong Kong, MacLehose.

However, considering that this was a competition between two business forces, it would be inappropriate for him to appear here, so Mai Lihao rejected Shen Bi's invitation.

Even so, the director of the Hong Kong Finance Department still came.

Because the Hong Kong Bankers Association was founded by Shen Bi and the Hong Kong Finance Department.

At this moment, dozens of mainstream media and more than a hundred reporters fell silent.

They were waiting to see what other important news Shen Bi would announce besides the establishment of the Hong Kong Bankers Association.

Why isn't Citibank here?
Why did Lin Haoran say those words?
Why didn’t Li Fushu, the banking tycoon, show up?
The sudden rise and fall of the share price of Bank of East Asia, is it related to Bank of East Asia?

Many things, everything is still a mystery.

(New January, please give me your monthly vote!) (End of this chapter)

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like