章節 676: Chapter 676: Promotion at the bank
On September 10, the American International Satellite Corporation successfully launched a communications satellite named Global 1. When the news reached Global TV Station, the entire station became a sea of joy.
From this moment on, Global TV Station opened a new chapter in its history.
Uncle Shao, who had been closely following the situation, sat in his office all morning after hearing the news.
Needless to say, the major media outlets immediately reported the news to their newsrooms, and it is believed that tonight and the next few days, the headlines will be dominated by the news of Global TV going to air.
It is only natural to think about this. Satellite technology is top-notch high-tech, and no company in Hong Kong can afford it nowadays. Now that Global TV has taken the lead, the standard has instantly been raised.
It is conceivable that from now on, when people mention Hong Kong TV stations, they will subconsciously be divided into two classes, and the limelight is destined to belong only to Global TV.
I won't talk about trivial matters.
Once the satellite entered its predetermined geosynchronous orbit, engineers sent by the American International Satellite Corporation helped TVG receive the signal and taught designated employees the relevant knowledge and skills.
The three departments that had long been prepared – the International English Channel, the International Chinese Channel, and the Entertainment Channel – began to operate at high speed.
After the successful launch of the satellite, Huang Xizhao reported to Xia Yu immediately, and received encouragement and praise from Xia Yu.
After that, Xia Yu stopped caring about TVG and went straight to Jiuding Bank.
As the financial core of the Jiuding Group, Jiuding Bank is the company Xia Yu is most concerned about, even more so than Jiuding Securities.
Xia Yu, wearing sunglasses, walked into the headquarters of Jiuding Bank and found the first floor lobby to be very crowded. The waiting area was almost full of people, all of whom were obviously there to conduct business.
Seeing this grand occasion, Xia Yu's mouth curled up slightly.
Without lingering, he walked straight into the elevator and pressed the button for the floor he wanted to go to.
After a while, the elevator stopped. Xia Yu got out and walked slowly along the corridor, occasionally looking into the offices on either side as the doors opened, taking in the work scenes.
The situation was good, with each office busy and no one being lazy.
Xia Yu nodded in secret.
When he arrived at the general manager's office, the door opened and Liu Tianci was buried in paperwork. Xia Yu knocked on the door and then walked in.
Liu Tianci slowly looked up, and when he saw Xia Yu, he immediately smiled, hurriedly got up from his desk, came over to Xia Yu, and said, 'Chairman, you're here!'
'Well, Tianci, are you tired of working?'
Xia Yu asked with a kind smile.
Liu Tianci smiled and shook his head, saying, 'It's okay, the people below me will handle the tedious things, and to be honest, the pressure is not that great.'
Xia Yu patted him on the shoulder and asked him to sit down, saying, 'That's good, let's sit down and talk.'
'You've seen the economic data released by the Ministry of Finance a few days ago, haven't you?'
Xia Yu asked.
Liu Tianci nodded: 'I have. The economy has already rebounded. Compared with the same period last year, all industries are showing a positive growth trend, with the fastest growth in the real estate and financial industries, both of which have increased by more than 15%.'
'Overall, the Hong Kong economy grew by 8.1% year-on-year in the first half of the year, with growth of 6.7% in the first quarter and 9.8% in the second quarter. This is indeed a good sign.'
'Two months have passed in the third quarter, and I have heard that the economic situation in the third quarter is even better than the previous two quarters, with year-on-year growth expected to exceed 10%!
At this, he gave a knowing smile and reported a result to Xia Yu: 'Chairman, thanks to the economic recovery in Hong Kong and the more active capital flow in the market, I have once again teamed up with Jiuding Securities to launch several wealth management products. The bank's total assets have now exceeded 15 billion Hong Kong dollars, reaching a total of 15.3 billion.'
'Well done!'
Xia Yu praised.
Suddenly, Liu Tianci thought of something and said immediately, 'Chairman, there is one more thing I need to report to you. While you were in the UK, our Jiuding Bank has joined the Hong Kong Foreign Exchange Bank Association and was elected as one of the nine elected members.'
This is good news. Although it was long expected that Jiuding Bank would join the Association, the Association is elected every three years, and the time is not yet up. Even if Jiuding Bank is strong enough, it cannot force the current elected members out.
The Hong Kong Association of Banks was established in accordance with the Hong Kong Banking Association Ordinance and is an institution that links the Hong Kong government and the banking industry, with great influence.
The committee of the Hong Kong Association of Banks has the greatest power and the highest status. It is responsible for decision-making and management matters of the association. The committee is composed of 11 members, namely the two note-issuing banks and nine elected members.
Needless to say, the two note-issuing banks are HSBC and Standard Chartered Bank, which are also permanent members of the association.
The nine elected members are elected every three years, with four seats for local banks and five seats for overseas banks.
Xia Yu remembered that the nine elected members of the previous term were the local banks Hang Seng Bank, Bank of East Asia, BOC Hong Kong, and Wing Lung Bank.
As well as the overseas banks Citibank, Mitsubishi Bank, Lloyds Bank, BNP Paribas, and Deutsche Bank.
The overseas banks are from the United States, the United Kingdom, France, Germany and an island country.
Xia Yu asked Liu Tianci, 'Who are the new elected members?'
Liu Tianci smiled and said, 'Not much has changed. The five overseas banks are still Citibank, Mitsubishi Bank, Lloyds Bank, BNP Paribas and Deutsche Bank.'
'The local banks are our bank, Bank of East Asia, BOC Hong Kong and Hang Seng Bank.'
'Wing Lung Bank has been pushed down by us.'
'Wing Lung Bank plans to go public early next year, and now that we have pushed it down, it will definitely be affected.'
Xia Yu smiled and said nonchalantly, 'Don't worry about it. Their strength was already at the bottom of the previous four major banks. They were only able to be selected in the previous term because Standard Chartered Bank helped them, pushing Nanyang Commercial Bank out of the way. Otherwise, it wouldn't have been their turn.'
'Now that there are four local banks, we are the strongest, so we don't need to worry about them.'
There is one more thing that hasn't been said: Xia Yu has already decided to acquire Standard Chartered Bank. Wing Lung Bank is part of the Standard Chartered Bank system, so the lower the market value of the bank when it goes public, the better, and the lower the cost of Xia Yu's acquisition of Standard Chartered Bank.
Of the four major local banks, Hang Seng Bank is part of the HSBC group, while Bank of East Asia, BOC Hong Kong and his Jiuding Bank are independent Chinese banks. Standard Chartered Bank can be said to have lost a lot of influence.
However, after he acquires Standard Chartered Bank, if necessary, he can completely push Wing Lung Bank forward, and at that time, he will be able to surpass HSBC in terms of influence in the Hong Kong Association of Banks.
But by then, Wing Lung Bank will have to squeeze out Bank of East Asia, which is not an easy task. After all, at this time, the total assets of Bank of East Asia are about twice those of Wing Lung Bank.
Moreover, the Lee family behind the Bank of East Asia is a giant, very powerful in politics and business, and not so easy to deal with.
But it is still far from that time, and Standard Chartered Bank has not even acquired it, so there is no point in thinking about it so much.
The main thing now is to seize the opportunity and use your power to do more things that will benefit Jiuding Bank.
'Tianci, pay more attention to policies. Since you have this power, don't waste it. You must contribute and you must not be deprived of the benefits you deserve,'
Xia Yu reminded him.
Liu Tianci smiled and nodded: 'Chairman, don't worry, I will do a good job.'
Xia Yu immediately revealed a relieved smile.
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