Rebirth of Hong Kong 1981

Earlier, Yang Chen wanted to control Standard Chartered Bank, and wanted to enter the British financial industry with the brand of Standard Chartered Bank. However, considering the relationship with HSBC, the three companies are currently cooperating well. Once he acquires Standard Chartered, the situation may be broken.

Let me ask, since he can buy Standard Chartered, why can't he buy HSBC, so in order to balance the relationship between the three, Yang Chen gave up his plan to buy Standard Chartered.

Hang Seng Bank is not recognized by the British, Yang Chen can only choose to start from the UK and choose a reputable bank.

As for the Royal Bank of Scotland, this is a suggestion from Prince Charles. According to Charles, this is a bank that has a certain relationship with the royal family, but it is smaller in scale and capital. .

Royal Bank of Scotland, with the word 'Royal'.

You must know that the word 'royal' can't be added casually, without a certain historical background, you are absolutely not qualified to use these two words.

Compared with the name of the Royal Bank of Scotland in later generations, Scotland is still a bit inconspicuous, because the Royal Bank of Scotland is now in the UK and can only be regarded as a regional bank.

Founded in 200, the Royal Bank of Scotland was granted a royal charter by King George I of the United Kingdom at that time. It has a history of more than [-] years and is deeply rooted in Scotland.

The Royal Bank of Scotland is now ranked outside the [-]th place in the World Bank rankings. This Royal Bank, which will become the largest commercial bank in the UK, the second largest in Europe, and the fifth largest commercial bank in the world, has given people too many surprises and surprises.

From a little-known regional commercial bank to one of the world's leading commercial banks in just over four years, the Royal Bank of Scotland can be said to have made history at that time.

As one of the oldest commercial banks in the UK, before entering the 21st century, the Royal Bank of Scotland has been silent and silent. Although it has hundreds of branches in the UK, its influence is still only average.

However, in [-], the Royal Bank of Scotland successfully acquired the National Westminster Bank, which was three times larger than its own capital scale. This feat made the Royal Bank of Scotland complete a key step into a world-renowned commercial bank.

The acquisition involved a sky-high price of 200 billion pounds, allowing Royal Bank of Scotland to set a record for the highest amount of banking acquisitions in British history.

The high-priced acquisition not only did not make the Royal Bank of Scotland questioned by outside capital, but aroused everyone's unanimous optimism about it.

Being big with snacks, not only did not cause the loss of Royal Bank of Scotland's customers, but also increased the number of customers. It can be said that Royal Bank of Scotland belongs to the category of making a big splash without making a sound.

Although the capital scale of Royal Bank of Scotland is still small, its internal management is very good, especially in terms of employment.

Take the Xiangjiang branch of the bank as an example. The main senior staff of the branch are all recruited from Xiangjiang people. The same is true for other branches. There are few like the Yingzi Consortium. No matter where they are, most of the senior management are British.

This is very rare in other banks. Because of this trust in employees, employees have a greater sense of responsibility.

The loyalty and conscientiousness of employees not only reduces the contradictions and frictions within the bank, improves work efficiency, but also improves customer loyalty, reduces customer maintenance costs, and improves the company's profitability.

Among the many British financial banks, the Royal Bank of Scotland is definitely a high-quality resource. He wants to further control the British economy and guide the development of the British economy. He does not need to have many foreign branches in the UK, as long as it has a certain influence in the country.

Royal Bank of Scotland Yang Chen thinks it is very good, it is a financial institution that can bring down the British royal family.

Compared with his personal or Hang Seng Bank's aggressive acquisitions in the UK, which aroused resistance and concern from the British, and the Royal Bank of Scotland came forward, and then the British royal family, then things are much simpler.

After looking through the information of the major banks in the UK, Yang Chen decided to select banks that had good cooperation with him, developed stably, and had no major problems to form an alliance to help them control the British economy and at the same time guide the development of the British economy.

Chapter 944 Correct Model of Front Store and Back Factory

enter february

Youde did not disappoint Yang Chen. After the conversation between the two sides, Youde began to use his status and rights as governor, and tried his best to approve the application for the construction of Xiangjiang's high-tech industrial chain.

A total of [-] square kilometers of land, and at the same time an unrestricted reclamation approval document, completely ignited public opinion in the entire Xiangjiang River.

For a while, the entire Xiangjiang society was discussing the high-tech industrial chain. From the political and business circles to the news media to the low-level ordinary people, the big guys were very interested in Yang Chen's proposal to build the Xiangjiang high-tech industrial chain.

Among them, the business community and the academic class are the most controversial. Compared with the land reclamation approval documents that British-funded and Chinese-funded bigwigs care about, ordinary people at the bottom pay more attention to the investment amount of [-] billion yuan. Scholars and some economists with long-term vision, They are very supportive of Yang Chen's move to invest in the high-tech industrial chain.

In the past, many people disagreed with Heung Kong’s comprehensive transformation to the financial service industry and complete de-industrialization. During this period, Bay Bay, Singapore and South Korea, which rose at the same time as Heung Kong, are actively upgrading their own industrial manufacturing industries.

Although Singapore also has a tendency to transform towards the financial service industry, in the field of industrial manufacturing, especially petrochemical machinery, Singapore has not given up its hard-earned industrial foundation just because of the development of the financial service industry.

Many people in later generations like to compare Xiangjiang with Singapore, because the two have many similarities. For example, the two cities have similar populations, similar geographical environments, and both implement a capitalist system.

However, most people in later generations generally believe that Singapore has developed better and more comprehensively than Xiangjiang, and Singapore has more advantages than Xiangjiang in terms of economy and living environment.

Especially in the 21st century, Hongkong, as the financial center of Asia, has almost the same GDP as Singapore, which undoubtedly makes the speech more inclined to Singapore.

Since the 60s, Singapore and Xiangjiang have successively experienced the transformation from labor-intensive industries to economic-intensive industries, and now they are beginning to transform into capital-intensive industries.

In this transformation, Heung Kong chose to transform into the financial service industry. According to the development of later generations, Heung Kong finally became the third largest financial center after New York and London. Its transformation is undoubtedly successful.

While Singapore chose to upgrade its own industry, it vigorously developed services such as finance and tourism. Although Singapore did not become an Asian financial center in the end, it did not lose the slightest bit of Hong Kong's economy.

You must know that Singapore does not have a billion people in the mainland to support its economic development, which mainly depends on its own efforts.

After completing the transformation of the financial service industry, later generations of Hong Kong missed too many opportunities, which made them have greater and more advantages than Singapore, but did not shake them off. This is undoubtedly a slap in the face.

In the early 60s, Singapore was just a small place with extremely scarce resources and a backward industrial base. With the rapid industrialization through the construction of industrial parks, Singapore quickly completed the first stage of industrial transformation and became a labor-intensive manufacturing base.

In the 70s, Singapore's economy developed rapidly. In the competition with the newly emerging Xiangjiang, Wanwan and South Korea in Asia, it completed the second phase of economic-intensive industry construction.

With the rapid development of the economy, labor costs are gradually increasing. The Singapore government is worried about relying too much on cheap foreign labor and producing products with low added value, which is not conducive to long-term economic growth.

So in the 80s, Singapore began to seek the third transformation like Wanwan, South Korea and Xiangjiang. Unlike Xiangjiang, which took the urgent financial service route, Singapore chose the route with Wanwan and South Korea, focusing on chemical, machinery and transportation equipment manufacturing, etc. Transformation of capital and technology-intensive industries.

Among the four Asian tigers, the other three are firmly committed to the path of upgrading industrial manufacturing. Xiangjiang alone chooses to de-industrialize and entrusts its own development to others. This is not a good thing in many eyes.

Heung Kong's transition to the financial service industry is comprehensive and thorough, leaving no room for itself.

Whether it can become the financial center of Asia, at least the current Xiangjiang people, even the Governor's Mansion, can't guarantee it. After all, Tokyo, an island country, is not much worse than New York and London.

Based on this, Yang Chen launched the plan to build Xiangjiang's high-tech industrial chain at this time. He knew that once Xiangjiang's financial service industry was completely transformed, he would undoubtedly face huge obstacles if he wanted to launch this plan again.

Now is just right, taking advantage of his good relationship with the British royal family, and the British privatization reform is at the most critical juncture, there are a lot of advantages to take advantage of, and a big investment in one fell swoop can build the high-tech industrial chain of Xiangjiang in the shortest time stand up.

With an investment of [-] billion U.S. dollars, the foreign exchange of the entire Xiangjiang River has not reached so much. Yang Chen's move, although everyone has gotten used to his style of work, is still confused by Lei.

An investment of [-] billion US dollars is enough to build a super-large-scale industrial cluster in Xiangjiang. Later Shiwan Bay, Singapore and South Korea realized the local industrialization of their own technology by absorbing foreign technology, and finally formed an industrial cluster with international competitiveness.

In the future, with the development of science and technology and the renewal of the times, the more high-tech products, the higher the requirements for production technology.

Why is Foxconn able to produce so many electronic products as an agent in later generations, and all major brand-name mobile phones are entrusted to it to produce, is it only because of Foxconn's low cost?

In fact, the more high-end products are, the higher the requirements for production technology are. Sometimes we must not underestimate the outsourcing industry. When the outsourcing industry reaches a certain scale, it can produce its own technology, and then it can form its own advantages in turn.

Wanwan's semiconductor industry initially relied on foreign technology. Later, with technology upgrades, after Wanwan thoroughly grasped the core technology, as the products became more and more detailed and the technology became higher and higher, the relationship between demand and demand It was converted immediately.

The well-known TSMC, in the field of wafer foundry, occupies more than half of the world's share and directly formed a monopoly. This is the best example.

In fact, Xiangjiang’s previous store-front-back-factory model was very good and effective, but it’s a pity that Xiangjiang only mastered low-end technologies.

There is no technical advantage in clothes and shoes, and others can learn it easily. When the inland is not fully open, Xiangjiang has an export advantage, so it is no problem.

However, as the inland area became more and more open, after Shanghi and the special zone next door developed to meet international standards, its advantages as a middleman disappeared all of a sudden, and there was no market for the store in front and the factory in back.

If you want to master it, you must master high-end technology, take advantage of Xiangjiang's special advantages, absorb foreign core technology, and then build an industrial cluster in the inland with low labor costs.

In this way, the store in front and the factory in back can effectively continue.