Chapter 8: Ho Sin Hang, Founder of Hang Seng Bank



Upon learning the truth, Ho Sin Hang and the senior management of Hang Seng Bank were furious, but what could they do?

HSBC's power and strength are at the dominant level in Hong Kong, so how dare they resist?

So he could only bury his hatred in his heart and secretly look for opportunities to break away from HSBC's control over Hang Seng Bank.

But unexpectedly, in the past nearly 20 years, HSBC has never taken Hang Seng lightly.

They have been secretly sucking the blood of Hang Seng in order to prevent Hang Seng Bank from growing stronger.

"You're right! The opportunity has finally arrived. I've been waiting for almost twenty years. It's time to remove the shackles that bind Hang Seng Bank."

He Shanheng was so excited that he burst into tears.

Ever since Hang Seng Bank was acquired by HSBC Holdings.

He always wanted to take back control, but he never had the chance.

In 1972, Hang Seng Bank became a listed company with a total of 10 million shares issued.

With a paid-up capital of HK$100 million, it was his best opportunity at the time.

So as soon as it went public, he and other senior executives of Hang Seng Bank secretly acquired shares.

But unexpectedly, HSBC did not give them a chance.

Instead, it also made large-scale acquisitions in the stock market, increasing its equity from the original 51% to 61%.

This also made him completely give up, but now he sees a glimmer of hope.

Because if the Jardine Group goes bankrupt, HSBC, as one of its creditors, will definitely suffer heavy losses.

Because as far as he knew, HSBC had loaned at least HK$5 billion to the Carrian Group.

If the HK$5 billion is lost, even the wealthy HSBC will be seriously hurt.

"Oh right! How did you discover that there was something fishy going on with the Jianing Group?"

"That story all started today when I went to the Hang Seng Securities Department at the Kowloon Stock Exchange..."

Li Guowei fell into reminiscence and told Mo Zhexuan everything he had encountered today. At the end, he praised him:

"This boy is the most outstanding young man I have ever met. I dare say he will have a place in Hong Kong in the future."

"I really want to meet this young friend. It's not easy to get your praise."

He Shanheng firmly memorized the name Mo Zhexuan, and then changed the subject:

"Okay! Now let's get down to business! How can we maximize our profits by allowing Carrian to go bankrupt and at the same time get HSBC to transfer control to us?"

The two of them then racked their brains to think about it, and after an hour or two of discussion, they finally came up with a preliminary plan.

The company plans to raise more funds privately to short-sell Jardine Matheson, HSBC and other banks that have lent money to Jardine Matheson, thereby gaining more profits.

At the same time, during this period, Hang Seng Bank will be forced to suffer losses or even bankruptcy.

In this way, when Jardine Matheson goes bankrupt, HSBC will be able to sell its shares in Hang Seng, and they will have a chance.

Although the loss of Hang Seng Bank's interests is a bit hard to accept.

After all, it is in their own interests.

But this is the only way to get HSBC to give up Hang Seng Bank.

Otherwise, HSBC is not a fool, because you can't catch a wolf without sacrificing your child.

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