章節 1060: Chapter 1060: Fat Meat That Is Hard to Compete For
Because the manor house in the suburbs was a certain distance from the City of London, even though Xia Yu and the others had set off early, when they arrived at the headquarters of Guangming Fund Company, it was already 10:02 a.m., and it had taken more than an hour on the road.
As soon as they got out of the elevator, they happened to bump into George Berkeley, who immediately greeted Xia Yu in surprise.
'Good morning, boss!'
'George, it's been a long time. You look in good spirits!'
Xia Yu stepped out of the elevator and surveyed George Berkeley before smiling faintly and saying.
George Berkeley immediately replied tactfully, 'Because you're back, boss. That's the best thing that's happened today. What a surprise!'
Xia Yu laughed silently. After not seeing each other for a while, George Berkeley's flattery had improved a lot!
He didn't intend to dwell on these trivial matters, either, and asked, 'George, it seems that you have urgent business right now?'
George Berkeley hurriedly shook his head and said, 'Boss, it's just a little work-related matter, there's no rush. I'd better go with you to the office first.'
Xia Yu did not refuse, either. The entire company must be his most important business, and halfway through the morning, he had to hurry and find out more.
So he nodded and said, 'Let's go!'
After that, Xia Yu led the siblings Elena and her bodyguard to his office, and George Berkeley quickly followed.
As soon as they arrived at the office, Xia Yu asked George Berkeley to bring him the company's development situation and asset situation.
Henry, on the other hand, could not sit still. After his sister had reminded him not to leave the company, he started walking around the office.
Not long after, George Berkeley came in with a document box in his arms, which he had just taken out of the safe.
'Boss, we just went through the company's assets last month. Here is the company's log and a brief asset list.'
After saying that, George Berkeley handed Xia Yu the document box in his hands.
'Apart from the matter you reported to me on the phone earlier, have any other important matters occurred?'
In order to save time, Xia Yu asked while opening the file box and taking out the documents inside.
'In the recent period, there is also one very important matter, which is the advancement of the privatisation of the telecommunications industry. Now it has reached a second critical period, and I am working hard on this matter,'
George Berkeley said after thinking for a while.
Xia Yugang just opened the file and wanted to browse it. Hearing this, he paused, focused his attention, looked up at George Berkeley, frowned for a moment and said, 'I remember you telling me that last month the government passed the new British Telecommunications Act, and on the first of this month the government led the split of the postal and telecommunications sectors, establishing the British Telecommunications Company and the Royal Mail Company, and at the same time abolishing the British Telecommunications Company's monopoly on the operation and service of the communications network.'
'So, now the government is preparing to establish a second telecommunications company in the country, right?'
George Berkeley nodded and said, 'Yes, according to the information I got from the government and the news from the Duke of Howard, the government is now planning to establish a new telecommunications company.'
'And the Prime Minister has privately said that he wants the new telecommunications company to be established within half a month in order to speed up efficiency.'
'I spoke with the Duke of Howard on the phone yesterday and plan to meet with him this afternoon to discuss how to compete for this company.'
Xia Yu said after a moment's thought, 'Is there a lot of pressure to compete for this company?'
George Berkeley nodded heavily and said with a grave face: 'Yes, this company is different from the previous Cable & Wireless Communications that we took over. Everyone knows that the prospects for the domestic telecommunications market in the UK will be very good, so many people have ideas about this company.'
'And I asked the Duke of Howard, and he told me that the Bahraini bank is no longer eligible for competition because it already holds a 20% stake in Cable & Wireless Communications. The government believes that the Bahraini bank is not strong enough to support the development of two telecommunications companies.'
'Moreover, the privatisation of the telecommunications company was intended to break the monopoly and revitalise the British telecommunications sector. Only by entering into healthy competition can the British people benefit and the British telecommunications industry go global.'
'This time, the government also needs a bank as the core to support the development of the new telecommunications company. A new telecommunications company really needs huge investment.'
'So now we face a dilemma. Although the Duke of Howard and Prince Philip are also interested in the new telecommunications company, our forces cannot be combined, and we lack a banking entity.
'Although we still have Standard Chartered Bank and Royal Bank of Scotland, they are not shareholders. It is difficult for us to compete with stronger banks such as Lloyds Bank and Barclays Bank alone.'
From George Berkeley's detailed explanation, Xia Yu could tell the difficulty involved.
There were too many large families in the UK. The last time, in order to compete for the Great Eastern Telecommunications Company, he, the Duke of Howard, and Prince Philip had collaborated, but it was still a surprise attack, and the government still let other people take 12% of the 51% stake.
This time, they would probably have to fight separately. After all, the common interest entity, the Bahrain Bank, had already lost the competition in advance.
As for Standard Chartered and Royal Bank of Scotland, they still have the Rothschilds as a cancer that has not yet been removed. Although he is envious of the new telecommunications company, he still does not want to lose the interests of his banks.
In particular, Royal Bank of Scotland, whose equity he controls, is less than two-thirds. He welcomes the Duke of Howard and Prince Philip to join, but the equity cannot come from him!
It has to be the Rothschilds who give up their equity!
That said, even the Royal Bank of Scotland and Standard Chartered cannot compete with Barclays Bank, National Westminster Bank and Lloyds Bank.
According to the Banker magazine of his Financial Times Group, among the world's top 500 banks, the British banks on the list are, from top to bottom, Barclays Bank, National Westminster Bank, HSBC Holdings and Lloyds Bank.
Standard Chartered Bank and Royal Bank of Scotland are far behind.
Not only are they lacking in strength, their backgrounds and connections are also far inferior to those of these banks.
Behind Barclays Bank is the Rothschild family and some of their minions.
Behind Lloyds Bank is a large royalist family, with the Duke of Howard being one of the shareholders.
National Westminster Bank and HSBC Holdings are also backed by a bunch of old families, with a whole host of knights.
Upon thinking about this, Xia Yutong felt his head spin.
With only half a month to go, there was not much room for manoeuvre, and the operation would not be easy.
For the time being, he couldn't think of any practical solutions.
Shaking his head slightly to clear his mind of the annoyance that had just arisen, he said to George Berkeley in a light tone, 'I understand.'
After that, he didn't say anything else, and instead bowed his head to flip through the documents in his hands.
George Berkeley sensibly didn't ask again, and quietly waited for Xia Yu's next inquiry.
'Sha... Sha... Sha...'
As he kept turning the pages, Xia Yu soaked up the information on the paper into his mind.
Gradually, the reality of the Bright Foundation also began to take shape in his mind.
A smile gradually appeared on his face.
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