In Hong Kong, we build a global business empire

It's a new day again, and Hong Kong's financial market has gradually returned to calm.

Bank of East Asia and its subsidiary Dao Heng Bank have officially stopped their high-interest deposit-raising policy, causing deep regret among many Hong Kong citizens who were unable to deposit their funds in time.

At the same time, this move made other banks breathe a sigh of relief.

Looking back on these nine days, the major banks have been having a really hard time, and each day feels like a year.

After all, a large amount of deposits were withdrawn every day and flowed into Bank of East Asia and Dao Heng Bank. The pressure of capital outflow made the heads of every bank feel uneasy.

Now that the "financial storm" has finally subsided temporarily, they can finally take a breath.

This time, Bank of East Asia and Dao Heng Bank increased their deposits by a total of HK$249.63 billion.

This means that other banks in Hong Kong also lost this amount of deposits.

Although Hong Kong's financial industry is known for its development, a closer look reveals that the capital market size of the entire Hong Kong financial industry is only over 200 billion Hong Kong dollars.

In just these nine days, Bank of East Asia absorbed nearly one-tenth of the total deposits. It is not difficult to imagine how heavy the losses suffered by other banks were.

Especially for Huifeng Bank and Hengsheng Bank, which were originally ranked first and second in Hong Kong, the amount of funds lost this time is even greater.

It can be said that most of the banks in Hong Kong suffered heavy losses.

In the end, it enriched Bank of East Asia and Dao Heng Bank, which it had just acquired.

With this wave of high-interest deposit-raising strategies, Bank of East Asia and Dao Heng Bank not only rapidly expanded their own financial strength, but also established a strong brand influence in the market.

Many citizens have speculated how much market share the Bank of East Asia has now occupied in Hong Kong's banking industry?
Compared with Huifeng Bank, to what extent has the gap narrowed?
Is it possible for Bank of East Asia to surpass Bank of East Asia in the future?
These issues have undoubtedly become the focus of heated discussion among the public.

After all, Huifeng Bank suddenly took targeted measures against Bank of East Asia at the beginning of last month, apparently worried that Lin Haoran's taking over Bank of East Asia would pose a serious threat to its market share.

However, contrary to expectations, this series of actions by Huifeng Bank not only failed to curb the market expansion of Bank of East Asia, but also caused itself to suffer heavy losses in this fierce "fund battle" and lost a lot of originally loyal customer resources.

It can be said that Huifeng Bank was losing ground in this business war.

The Bank of East Asia took advantage of the situation and rose up, conquering the Hong Kong financial market time and time again, especially "taking food" from Bank of East Asia and other banks, constantly expanding its own strength. As a result, other banks, especially Bank of East Asia, the financial overlord of Hong Kong, suffered heavy losses.

However, due to the lack of detailed and authoritative data support, the specific value of Bank of East Asia’s current market share is still unclear.

Similarly, it remains a mystery as to how much share the Huifeng Bank Group still has in the Hong Kong financial market.

You know, more than a month ago, Huifeng Bank and its subsidiary Hengsheng Bank were in great glory in the Hong Kong financial market, occupying up to 60% of the market share, and their dominant position was as solid as Mount Tai.

But now, just over a month has passed, and the market landscape has changed dramatically.

The Huifeng Bank Group, which once seemed indestructible, is quietly losing market share at an astonishing rate.

On the streets, citizens' after-dinner conversations have gradually shifted from celebrity gossip to the dynamics of various banks.

This time, Bank of East Asia has become famous in one battle!
However, the Li Peicai family, the founding family of the Bank of East Asia, is now filled with deep regret.

At the beginning, if they had not chosen to withdraw from the alliance with Lin Haoran halfway, but had resolutely joined hands with Lin Haoran to jointly protect the Bank of East Asia and jointly fight against the unfair competition from Huifeng Bank.

Now that Bank of East Asia has achieved a brilliant victory in this fierce market competition, their family can naturally share the glory and get a piece of the pie.

After all, if they had not withdrawn midway, the current Bank of East Asia would still be managed by their family and they would hold a considerable number of shares.

Today's Bank of East Asia is no longer what it used to be.

Judging from the size of its assets, it is now many times more powerful than before.

If the Bank of East Asia was just a large enterprise in the financial field in the past, the Bank of East Asia today has transformed itself into a giant enterprise in the industry, able to compete with the dominant Bank of East Asia and occupy a pivotal position in the market.

Unfortunately, there is no regret medicine in the world.

Li Fushu knew very well that if he withdrew hastily when the Li Peicai family and the Bank of East Asia were facing a crisis, it would undoubtedly be equivalent to actively severing his close ties with the Bank of East Asia.

Now, they have completely parted ways with Bank of East Asia and will never have the chance to get back on board this "financial giant ship" helmed by Lin Haoran.

The 32 branches of Bank of East Asia and Dao Heng Bank have gradually returned to normal with the end of the high interest rate policy, and there are no longer those exaggerated queues hundreds of meters long.

Despite this, the popularity of Bank of East Asia and Dao Heng Bank branches remains undiminished.

After experiencing the excitement of attracting deposits with high interest rates, many citizens have gradually recognized the status of Bank of East Asia.

In the eyes of many people, today's Bank of East Asia is no less capable than Bank of East Asia.

Moreover, Bank of East Asia is a Chinese bank, and Hong Kong is a city with a predominantly Chinese population. This identity as a local Chinese bank allows Bank of East Asia to resonate more deeply emotionally with many Hong Kong citizens.

Many citizens feel that supporting Bank of East Asia is not only about choosing a financial services institution, but also a support for local Chinese-funded enterprises and a boost to the rise of Hong Kong's local financial power.

Especially over the past month, the various actions of Huifeng Bank have already made many Hong Kong people feel disgusted.

It relies on its dominant position to wantonly use unfair means to suppress its competitors. Such arrogant behavior really makes many people angry.

Hengsheng Bank, Chairman’s Office.

As Ho Sin Hang has completely handed over his work to Mr. Pu Weishi, the former executive director of Huifeng Bank who took over his position, it is time for Ho Sin Hang to officially part ways with Hengsheng Bank.

Looking at everything familiar in the office, He Shanheng felt mixed emotions.

This was the place where he sweated and worked hard, and every item carries his past memories of Hengsheng Bank.

The performance commendation certificates hanging on the wall, the professional books placed on the bookshelf, and the landline phone on the desk that has accompanied him for countless days and nights, all seem to be telling stories of the past.

自1933年3月3日恒生银行创立，至今天1981年7月15日，48载春秋悄然流逝。

He witnessed the development of Hang Seng Bank from its inception to its rise to fame and success.
After experiencing the turbulent waves of the bank run, it was acquired reluctantly;

Then, relying on its own strength, it gradually rose to become the second largest bank in Hong Kong.

Now, he is about to bid farewell to this world where he has worked hard for many years. It can be said that he has devoted all his efforts and energy in the second half of his life to Hengsheng Bank without reservation.

Now, at the age of over 81, he is about to officially bid farewell to this place that carries countless memories.

He Shanheng was filled with reluctance. Every corner and every past event were constantly playing in his mind like a movie, making it difficult for him to let go for a long time.

He slowly walked to the window and looked down at the bustling streets of Hong Kong, with its constant flow of cars and people.

The financial pulse of this city is beating constantly, but I am about to leave this stage that I was once familiar with and where I once occupied an important position.

"Knock, knock, knock," the knock on the door interrupted his thoughts.

The person who came in was Mr. Pu Weishi, the new chairman of Hengsheng Bank.

"Mr. He, the handover has been successfully completed. Next, I will officially start working. Here, I sincerely thank you for your hard work and contribution to Hengsheng Bank over the years. The door of Hengsheng Bank is always open to you, and you are welcome to come back at any time."

Mr. Pu Weishi raised the corners of his mouth, revealing a seemingly friendly smile, but his eyes revealed a formality and alienation that could not be ignored.

He slowly stretched out his hand and gently shook hands with He Shanheng. The force was neither light nor heavy, but it made He Shanheng feel mixed emotions.

How could He Shanheng not hear the hidden meaning in Pu Weishi's words?

This is clearly a euphemism for "seeing you off".

In fact, after submitting his resignation, senior representatives of Huifeng Bank headed by Shen Bi proposed at a high-level meeting that he continue to serve as honorary chairman of Hengsheng Bank.

They feel that this may slightly alleviate the negative impact of Ho Sin Heng's departure on Heng Sheng Bank. After all, Ho Sin Heng has been in Heng Sheng Bank for many years and has a very high prestige. His departure will inevitably cause people within the bank to be uneasy, and the outside world will also have many speculations about the future of Heng Sheng Bank.

However, He Shanheng decisively refused.

After all, he knew clearly in his mind that this resignation was not to bid farewell to the workplace and enjoy his old age, but to join Bank of East Asia to pursue the dream that he had not achieved at Hengsheng Bank and to give it one more try.

At the age of 81, he has no idea how much time he has left.

But no matter what, he only hopes to have fewer regrets in this life, and he is not willing to let it go easily as long as there is a glimmer of hope.

The momentum shown by Bank of East Asia today is by no means just a glimmer of hope, but is full of infinite possibilities and has the potential to rise!
What's more, Lin Haoran trusts him so much, so he can't miss such an opportunity.

Whether you can carve your name in the history of global finance depends on this final attempt.

Thinking of this, my reluctance to leave Hengsheng Bank instantly disappeared.

He turned around and looked around the office again, then opened the office door without looking back and left the Hengsheng Bank headquarters building.

Along the way, many employees greeted him. Even though they knew he was leaving, their eyes were still full of respect and reluctance. After all, the name He Shanheng has long been closely intertwined with Hengsheng Bank, becoming an indelible mark in the development history of Hengsheng Bank.

As soon as He Shanheng stepped out of the Hengsheng Bank headquarters building, he saw a Rolls-Royce parked on the side of the road.

Lin Haoran rolled down the car window and waved to He Shanheng who was walking over with a smile.

Half an hour ago, he had already spoken to He Shanheng on the phone and learned that he had basically completed the handover and the final resignation process.

Starting tomorrow, he will have another general under his command who he can rely on, which naturally makes Lin Haoran in a good mood.

There is no false reputation under a great name. As the founder of Hang Seng Bank, the famous editor of the Hang Seng Index, and one of the top financial experts in Hong Kong, Ho Sin Hang's professional ability and industry influence are unquestionable.

With his joining, Lin Haoran is more confident about the future of Bank of East Asia.

Although He Shanheng is 81 years old, under normal circumstances, this old man can live to 97 years old.

And his body is still very strong.

Therefore, it is not a problem for me to contribute to Bank of East Asia for another ten years.

Moreover, Lin Haoran appointed Ho Sin Hang as the chairman of Bank of East Asia instead of the president because he hoped that he could free himself from the complicated daily affairs and not have to do everything himself.

Under normal circumstances, as the boss, Lin Haoran could take on the position of chairman, but he had no such idea in order to leave this position to He Shanheng.

As Chairman, Ho Sin Heng is able to focus on strategic layout and decision-making guidance with his profound industry experience and keen market perception, and accurately steer and guide Bank of East Asia's long-term journey.

As the president of Bank of East Asia, Dashan will be fully responsible for the bank's daily operations and management, ensuring the efficient operation of all businesses.

At this time, Li Weiguo had already walked down from the passenger seat and opened the car door for Wei Shanheng.

"Haoran, thank you for coming to pick me up." He Shanheng got on the back seat and said with a smile.

"Mr. He, the Bank of East Asia will have to rely on you as its mainstay in the future. It is only natural for me to come and pick you up in person." Lin Haoran responded with a smile.

In Lin Haoran's eyes, after joining the Bank of East Asia, Ho Sin Hang's status was almost the same as Ma Shimin's, and he was one of his most trusted generals.

After all, if Bank of East Asia can really develop, then its status in the future will be no less than that of the Hutchison Whampoa Group, and it is not impossible that its status in the business world will surpass that of the Hutchison Whampoa Group.

As the helmsman of Bank of East Asia, Ho Sin Hang is naturally no less important than Ma Shimin.

The Rolls-Royce slowly drove away from the Hengsheng Bank headquarters building and headed for the Bank of East Asia headquarters building not far away.

Since Ho Sin Hang is going to join Bank of East Asia tomorrow, it is natural for the Chairman Ho Sin Hang and the President Da Shan to meet in advance so that they can get to know each other and discuss the future development plans of Bank of East Asia together.

At the same time, Ho Sin Hang's entry into the Bank of East Asia is of great significance and must be made grandly.

After all, this old man holds a very high position in Hong Kong's financial industry. His joining will undoubtedly create a stir in the entire Hong Kong financial circle and bring unprecedented attention and influence to Bank of East Asia.

If an enterprise wants to develop, in addition to having strong financial strength and an excellent management team, it also needs to establish a good brand image and reputation in the market and win the trust and support of customers.

This scene was seen by the security guard at the Hengsheng Bank's car entrance gate.

The security guard looked at the Rolls-Royce that was moving further and further away, his eyes full of confusion.

Just now, if he was not mistaken, the person who lowered the glass window seemed to be Lin Haoran, right?
In Hong Kong, Lin Haoran has long been known to everyone, and his fame is higher than those big stars, so the security guard of Hengsheng Bank naturally recognized Lin Haoran.

Therefore, this scene was quickly transmitted by the security guard through the intercom and eventually reached the ears of Pu Weishi, the new chairman of Hengsheng Bank.

When he heard this, Pu Weishi almost didn't believe it was true.

He Shanheng had just left the Hengsheng Bank building when he got into the car of Lin Haoran, the boss of the competitor Bank of East Asia. What does this mean?
A bad thought quickly spread in Pu Weishi's mind. He frowned and his eyes revealed uneasiness and doubt.

Ho Sin Hang has worked in Heng Sheng Bank for many years and has an outstanding reputation. He is like a towering mountain in the Hong Kong financial community. His every move affects the nerves of the market and is likely to have an immeasurable and far-reaching impact on the Hong Kong financial community.

Now, he had just stepped out of the door of Hengsheng Bank and got into a competitor's car. How could such a situation not make people speculate and imagine?

Could it be that Ho Sin-heng is going to join the Bank of East Asia?
If this is true, it would undoubtedly be a loud slap in the face to Huifeng Bank, severely hitting them in the face and making them lose face in the Hong Kong financial community.

The more Pu Weishi thought about it, the more he felt that this matter was of great importance.

He naturally understood Ho Sin Hang's status and influence in Hong Kong's financial circles. If he really joined the Bank of East Asia, it would be a huge threat to Hengsheng Bank and the entire Huifeng Banking Group.

He did not dare to delay for even a second and immediately picked up the phone to report the situation to Shen Bi, chairman of the board of directors at Huifeng Bank's headquarters.

If this is true, it will be a huge threat to Huifeng Bank in the future.

Ho Sin Hang has served as the chairman of Heng Sheng Bank for a long time, and Hui Feng Bank has acquired Heng Sheng Bank for more than ten years. It can be said that the senior management of Hui Feng Bank has a very deep understanding of Ho Sin Hang.

Despite the intentional or unintentional bloodsucking by Hui Feng Bank, Heng Sheng Bank was still able to rely on its own strength to become the second largest bank in Hong Kong. This shows the outstanding ability and clever means of Ho Sin Hang.

They naturally knew that Ho Sin Hang not only had profound attainments in the financial professional field, keen market insight and excellent decision-making ability, but also had accumulated deep network resources in the Hong Kong financial community.

Once he joins Bank of East Asia, with his past prestige and influence, he is likely to attract many customers and partners who originally had business dealings with Hengsheng Bank or even Huifeng Bank to switch to Bank of East Asia.

With the presence of Lin Haoran, the richest man in Hong Kong, Bank of East Asia is already in a very difficult situation.

Now with the addition of Ho Sin Heng, a legendary figure in the financial world, it will undoubtedly be like adding wings to a tiger. The competitive pressure faced by Huifeng Bank will increase exponentially.

After receiving Pu Weishi's urgent report, Shen Bi's face instantly turned gloomy.

However, this matter has never been confirmed, and now it is all just speculation.

Shen Biqiang suppressed his uneasiness and said in a deep voice, "Don't make it public yet. Keep a close eye on He Shanheng's next move. At the same time, send someone to investigate whether He Shanheng had frequent contact with Lin Haoran before. Before the matter is confirmed, we can't panic."

At this moment, he still had a sense of luck in his heart, thinking that this was just a coincidence, or that the security guard had made a mistake.

Even if he was not mistaken, perhaps Lin Haoran just deliberately consulted He Shanheng, a Chinese financial tycoon, hoping to learn some advice from him.

If that were all, it wouldn't be a big threat to Huifeng Bank.

The most worrying thing is that Ho Sin-heng directly joined the Bank of East Asia.

After receiving the order, Pu Weishi immediately arranged for personnel to conduct a secret investigation on He Shanheng.

Shen Bi, on the other hand, was pacing back and forth in the office, his brow furrowed, his mind full of thoughts.

If Ho Sin Hang really joined Bank of East Asia, it would undoubtedly be a huge disaster for Bank of East Asia.

Lin Haoran alone has already made Huifeng Bank overwhelmed and exhausted, and now He Shanheng, a legendary giant in the financial industry, has been added...

It is true that misfortunes never come alone. One wave of troubles has not yet subsided when another wave of troubles arises.

Many difficult things happened one after another, making Shen Bi more and more upset. These days, he tossed and turned and couldn't sleep at night.

When Ho Sin Hang resigned as chairman of Heng Seng Bank, he did not sign any non-compete agreement.

After all, at He Shanheng's age, no one would have thought that he would go on to found a bank or something, let alone switch to other banks.

After all, if He Shanheng really wanted to change jobs or start a new bank, he should not have taken action at his current age, but more than ten years ago when Huifeng Bank had just acquired Hengsheng Bank.

Therefore, out of respect for Ho Shan Heng, Hui Feng Bank did not ask him to sign a non-compete agreement.

In their view, this senior figure in the financial industry, who is over 70 years old, is just enjoying his retirement after leaving his job and is unlikely to pose a substantial threat to Huifeng Bank.

"I hope this is all just a false alarm." Shen Bi murmured.

At this moment, how could he still have the calmness and composure he had in the past?
Anxiety and uneasiness are always there.

This period was the most stressful time for him since he became the head of Huifeng Bank.

The previous failed acquisition of the Royal Bank of Scotland in the UK has already caused dissatisfaction among many consortiums behind Huifeng Bank.

Later, in the fierce competition with Bank of East Asia, Huifeng Bank continued to lose market share, which put him under tremendous pressure at the shareholders' meeting.

To make matters worse, Huifeng Bank's share price continued to fall, and many shareholders even considered impeaching Shen Bi.

The head of a financial group even warned bluntly: If Huifeng Bank continues to decline like this, Shen Bi’s position may be lost.

Although no one can do anything about Bank of East Asia's business actions, the shareholders don't care. They only care about the results and focus on the numbers on the books and changes in market share.

No matter how high Shen Bi's prestige in Huifeng Bank was, he was just a professional manager.

To put it bluntly, he is just a worker. (End of this chapter)