章節 893: Chapter 893: Two banks approved
The mainland only established four special economic zones in the second half of August, which is only about 50 days ago, and they have already passed a decision to open up the financial industry?
Although Wang Ping said that foreign banks can only conduct business in the four special economic zones, and their business scope only involves foreign exchange and financial services, that is still no small matter!
Just before Xia Yu was reborn, it had been almost 40 years since the start of the reform and opening up, and the mainland had still not lifted the barriers to entry for the financial industry!
Moreover, according to the original history of the previous life, the mainland did not make this decision until 1981, and only allowed one foreign bank to enter, which was the Nanyang Commercial Bank.
The second batch had to wait until 1985!
What ordinary people don't know is that Nanyang Commercial Bank is actually controlled by the mainland!
Nanyang Commercial Bank is the second largest bank in the Hong Kong and Jiangxi Bank system after Hong Kong and Jiangxi Bank. Its founder, Mr. Zhuang, has been dedicated to the country since graduating from Peking University in 1934. In 1949, he came to Hong Kong with orders to establish Nanyang Commercial Bank, and finally donated his entire fortune to the country.
Therefore, Xia Yu never thought that the mainland would actually agree to open up!
and it's been brought forward by seven or eight months!
If three places are given to Nanyang Commercial Bank, there will still be two left. Now that Wang Ping has taken the initiative to tell him about this, he must have received instructions. This purely foreign businessman will be able to occupy at least one place!
For the mainland nowadays, this is a huge step, and only one person can make the final decision!
"It seems that what I said during our last private chat has had an effect!'
A thought flashed through Xia Yu's mind, and he remembered that conversation that lasted a few hours one night.
He was not only happy that his bank could enter the mainland ahead of schedule, but also that the wind fanned by the wings of this butterfly had already affected the general trend of the country!
This was a huge encouragement to his goal of accelerating the rise of the motherland and allowing it to avoid detours!
Since he was able to influence the opening up of the banking industry on the mainland, naturally he could also influence other fields. The honeymoon period between China and the United States had only just begun a year ago, and there were still nine years to go. There were so many places he could operate!
'Once Jiuding Bank enters, the mainland will definitely want Jiuding Bank to take responsibility for foreign exchange acceptance. At that time, the more foreign exchange it exchanges, the greater the mainland's debt will be. With a large sum of soft currency in hand, it will be the perfect time to start the plan for the rise of China!'
A thought flashed through Xia Yu's mind.
After shaking his head slightly to come back to his senses, Xia Yu asked Wang Ping, 'President Wang, when will applications be allowed, and what is the specific process?'
Wang Ping shook his head with a wry smile and said, "Mr. Xia, you are overestimating me. I don't know the specific review criteria, but the information I have received is that it will be announced to the public soon. I will definitely notify you as soon as possible!'
Xia Yu nodded in understanding and thanked him, "Then I'll trouble you!'
'It's only right...'
...
After talking with Wang Ping, Xia Yu found Wang Gengwu again, and explained in detail about the Jiuding University Foundation. He also made a phone call to Wang Qi on the spot, asking Wang Qi to liaise with Wang Gengwu and assign someone to be responsible for the investment of the special funds.
After dealing with the university affairs, Xia Yu sent his younger siblings home, and then went to the headquarters of Jiuding Bank on Hong Kong Island, where he found Liu Tianci, who was busy.
After briefly asking about the operations of Jiuding Bank and its other subsidiaries, Xia Yu told him about the news he had just received from Wang Ping that afternoon.
Liu Tianci's expression instantly became grave, and he said to Xia Yu, 'Chairman, I understand what you mean. Since President Wang told you about this matter, there must be a place for us. I will start thinking about the candidates from now on.'
'As for the vetting process, it shouldn't be a big problem.'
Xia Yu nodded slightly and said, 'Well, that's what I wanted to tell you when I came over. You have to choose the right people. First of all, they must have a high emotional quotient and be proficient in Mandarin. And this time, four special zones will be admitted at the same time, so four branches will have to be established at once, which will require at least 50 people in total.'
Liu Tianci has also considered this point, so he is also under some pressure.
The personnel training system of Jiuding Bank has already been established, so the allocation of personnel has kept up with the expansion, but it is still too early to say that there is an excess of talent.
Furthermore, in Xiangjiang, most people speak Mandarin and English, not everyone speaks Mandarin, and with this requirement, the screening will be more difficult!
But this is a rare opportunity, so no matter how difficult it is, he has to do his best to get it done, and at worst, he can poach people from other banks!
After several methods flashed through his mind, Liu Tianci did not say anything to Xia Yu. After a moment of silence, he asked Xia Yu curiously, 'Chairman, this time the mainland has released the first three places, one place for us, so who might get the remaining two?'
Xia Yu thought for a moment and said, 'According to my guess, if I'm not mistaken, Nanyang Commercial Bank will get one place, and it's hard to say about the last remaining place.'
Hearing this, Liu Tianci's mind was quick to react. He said to Xia Yu, 'Then Chairman, do you think there is any chance that we can get two places? Standard Chartered Bank is also yours, and there are also quite a few banks under the two systems of Standard Chartered Bank and our Jiuding Bank. Do you think it will work if these banks compete for the last place?'
'If HSBC is possible, then Standard Chartered Bank is not bad.'
'As for the Bank of East Asia, judging from the Li family's political stance, they should not get this place.'
Xia Yu frowned for a moment, then nodded slightly and said, 'Your analysis is reasonable. When the time comes, all of the banks under its umbrella will apply. Get ready. I will notify Standard Chartered Bank separately.'
'Okay.'
...
In the following days, public opinion in Xiangjiang focused on Jiuding University. Global TV and the newspapers under the Jiuding Newspaper Company all conducted in-depth analyses of the positive impact of Jiuding University's emergence on Xiangjiang, and looked to the future of Jiuding University.
At this time, there was a serious lack of high-end educational resources in Xiangjiang. There were only two undergraduate universities and only two post-secondary colleges, Shuren College and Hong Kong Baptist College. Therefore, after graduating from junior high school, only 2% of Xiangjiang students could receive higher education locally. For students who could not afford to study abroad, they could only enter society early to earn money to support their families.
Now there is an additional comprehensive university, and the number of students enrolled in one year is almost comparable to the combined total of Xiangjiang University and Xiangjiang Chinese University. This is absolutely great news for students in Xiangjiang.
For a time, even the elderly and children knew the name of Jiuding University. Many families were excited about it, and students graduating next year felt even luckier.
Not only that, but in addition to Jiuding University, the comprehensive university, the Xia Yu Xiangjiang Culture Media School and the Xia Yu Xiangjiang Traditional Chinese Medicine College, which Xia Yu confirmed construction of at the end of last year, were built and officially began enrolling students this fall due to their smaller scale.
Although these two schools have special entry requirements and a small enrollment, they have provided many students with a way to study and a future path.
In total, excluding the four colleges and universities that Xiangjiang already had, Xiangjiang has added three more schools, and about 3% of junior high school graduates will be able to have the opportunity to enjoy higher education.
Thanks to Xia Yu, every year, 5,000 to 6,000 children from families will be able to enjoy higher education, which has made Xia Yu and the Jiuding Group very popular among the general public.
The reputation of the education and charity tycoon has completely been placed on Xia Yu!
However, in the face of the raging public opinion, Xia Yu chose to keep a low profile. And because he had not been in Xiangjiang for a long time, he had finally returned. Various invitations came like snowflakes, and there were some that he really could not refuse, so he was running around in Xiangjiang.
Amidst all the chaos, time gradually passed.
On the 14th of October, Wang Ping sent news that the authorities had agreed to Xia Yu's request and had arranged for the bigwigs in the education sector to come south to communicate face-to-face. Xia Yu immediately told Wang Gengwu to get ready.
On 16 October, the mainland visitors and Wang Gengwu and others engaged in friendly exchanges at Jiuding University, where the assistance plan was confirmed on the spot. Wang Gengwu finally stopped worrying about the teachers.
At the same time, Xia Yu also learned about the situation in his hometown. The Qianzhou University that he had donated to his hometown of Qianzhou had been completed, and ten top universities, including Tsinghua, Peking University and Fudan University, were each responsible for supporting the construction of a major. They would also start enrolling students in the summer of 1981 and start classes in the autumn.
On hearing this good news, Xia Yu, in a sudden burst of generosity, donated another 100 million Hong Kong dollars to Qianzhou University, and entrusted Wang Ping to hand it over.
Meanwhile, the financial sector in Hong Kong was already shaken by the mainland document published on 15 October. Major banks rushed to the Hong Kong branch of the Xinhua News Agency or the Bank of China in Hong Kong to find out more.
Not only Chinese banks, but also British, French and American banks were eager to enter the mainland.
A single document from the mainland had completely stirred up the banking world.
Xia Yu also learned about the mainland's true intentions through indirect means. Apart from political positions, the biggest goal was still foreign exchange!
The mainland urgently needed foreign exchange to support the four special economic zones and the construction of the domestic military and industrial sectors!
This year, the United States has classified Huaxia as a 'P' (i.e. non-hostile country) in the US trade control classification, so many restrictions have been lifted. Huaxia is envious of some European and American technologies, but it is short of funds!
After understanding the purpose, Xia Yu immediately initiated a dialogue with the authorities through Wang Ping, stating his attitude and promising support for the mainland in foreign exchange. He obtained the last quota and handed it over to Standard Chartered Bank.
However, the mainland did not announce the results immediately, and it was not until 25 October that the list was finally announced.
Standard Chartered Bank, Jiuding Bank and Nanyang Commercial Bank became the ultimate winners, and the helmsmen of many banks sighed with regret.
Shen Bi was even more worried about the future of HSBC. He had never underestimated the financial potential of the mainland, and at this time, HSBC was one step behind its two major rivals, which was extremely dangerous for HSBC!
But there was nothing he could do about it now, and he could only try to strengthen the bank in other ways.
On 31 October, Xia Yu boarded a plane to San Francisco with the film script for E.T. the Extra-Terrestrial, which had been reviewed by him three times and completed by the scriptwriting department working day and night.
Although he needed to attend to matters in Hong Kong and on the mainland, the US presidential election was about to be decided, and he had to go there in person.
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