Rebirth of Xiangjiang: Across the World

Chapter 400 Savings Battle
"Huh? There is no righteousness in business. Mr. Stephen has learned writing, but he hasn't learned culture."

Zheng Yaoyang turned his head to look at Chen Zhiyuan, with a hidden smile: "Am I right, Director Chen?"

Chen Zhiyuan probably didn't understand the situation. The matter between the two of them cannot be persuaded by a director.

HSBC is very powerful, it can be regarded as half of Xiangjiang's central bank, but Zheng Yaoyang is not a fool.

Moreover, Stephen should have planned it long ago, inviting Chen Zhiyuan to join, and it would be best if he could negotiate things well at the dinner table, and if they couldn't agree, he would push Chen Zhiyuan to sacrifice.

Seeing Stephen leave, Chen Zhiyuan looked very ugly, raised his glass with a smile and said, "What Yaoyang said is that a foreigner is a foreigner, and he doesn't understand any etiquette."

He had already greeted Stephen's immediate family more than 100 times in his heart, relying on his own executive director of HSBC.

Tell him to come over to the town, and leave early, let him face Zheng Yaoyang alone, and openly beat him.

The corners of Zheng Yaoyang's mouth turned up, revealing a meaningful smile: "Director Chen, didn't you just..."

"Yaoyang, how about the building next to the tax building? I remember it's Xindi's property, and I heard it's for lease."

Su Haiwen suddenly opened his mouth and pointed to Central on the other side, and also patted Zheng Yaoyang's elbow, signaling him not to go too far.

Chen Zhiyuan is the first brother of the Financial Management Office, the direct leader of the banking industry. If the relationship becomes stalemate, it will not benefit the two of them, and it will only make Stephen's plan succeed.

Su Haiwen has known Stephen for many years and knows his character very well. It can definitely be said that he is very scheming.

His sudden departure not only pushed Chen Zhiyuan out to bear Zheng Yaoyang's anger, but also made the relationship between Chen Zhiyuan and Zheng Yaoyang completely deadlocked.

Stephen should have deeply analyzed Zheng Yaoyang's character, knowing that he is often unreasonable.

Once the relationship between the two became tense, Chen Zhiyuan would completely stand on the opposite side of Zheng Yaoyang.

Save some face for Chen Zhiyuan, let him know that Stephen's intentions are sinister, and he will remain neutral in the future.

Zheng Yaoyang was interrupted by Su Haiwen, frowning: "Really? Then I will ask Fourth Uncle tomorrow to see if he has any ideas about transferring it."

He didn't understand what Su Haiwen meant, but he knew that his uncle was on his side, so it was always right to listen to him first.

Although there was reluctance in his heart, he also smiled and looked at Chen Zhiyuan: "Brother Chen, is there any suitable building in Central that is going to be sold?"

"It should be. I'll check it for you and call you tomorrow."

Chen Zhiyuan was overjoyed, and said hastily, while casting a grateful look at Su Haiwen.

With a smile on his face, Su Haiwen raised his glass and said, "Don't chat, everyone, eat food and drink."

After the meal, Chen Zhiyuan was sent away at the entrance of the hotel. They had an elder brother and a younger brother. People who didn't know thought they had a good relationship.

Until Chen Zhiyuan left in the car, Zheng Yaoyang restrained his smile, looked at Su Haiwen, and asked about his intention just now.

Su Haiwen also expressed his guess, and at the same time persuaded: "If you have fewer enemies, you will have a better chance of winning. Yaoyang, your character is still too straight, and you are easy to be tricked."

Zheng Yaoyang frowned, pondered for a moment, tried to understand the reason and said: "Thank you, uncle."

He was angry just now, if Su Haiwen hadn't reminded him, Chen Zhiyuan would have been ridiculed miserably by him, and that would indeed make Stephen get his wish.

"A family does not speak two dialects. If you need help in the future, just speak with one word."

A gratified smile appeared on Su Haiwen's face. Zheng Yaoyang was capable and listened to advice. Under his leadership, the Bao family would definitely prosper more and more in the future.

Early the next morning, HSBC announced the adjustment of the bank's savings interest rate. The annual interest rate of the current account was raised to 2.0%, and the annual interest rate of the five-year death period was adjusted to 5.20%.

The two important storage businesses are both 0.02% more than Fuxing, and it is difficult for people not to suspect that they are intentional.

Once the news of raising the interest rate was released, it caused a sensation in Hong Kong, because it also represented HSBC's official challenge.

But the funds saved did not rise because people were still waiting for Fuxing Bank to fight back.

Now the two sides seem to be fighting a price war. Whichever product is cheaper, they will go to buy it.

Fuxing lived up to expectations, and the next day, it announced in a high-profile manner that it would raise interest rates again in line with HSBC.

And also made an unprecedented decision, the users who used to choose the five-year 4.2% interest rate in their bank, now all change to the latest 5.2%.

Inform the user to bring all the materials to Fuxing Bank to change the contract within the next five working days.

They have very few savings users, and there are very few savings users who choose a five-year death period. They all raise the interest rate by 1%, and the loss is no more than 1000 million at most.

But HSBC is different. According to the performance disclosure of the last quarter, in their bank, the savings funds that choose a five-year death period are as high as 232 billion Hong Kong dollars.

If they are like Fuxing Bank, they will conservatively lose about 15 billion Hong Kong dollars in the next few years.

With Fuxing's move, he killed a thousand enemies and lost a ten cent, directly poking into the lungs of HSBC Bank.

HSBC did not dare to take up the challenge and chose to play dead. It had no choice but to sue Fuxing Bank for malicious competition in court.

But the bank's users were not so easy to talk to. They came to the gate of HSBC Building one after another, holding high the banner, demanding to change the interest rate of the contract, just like Fuxing Bank.

After all, an interest rate of 1% is not a lot. If 100 million chooses the death date, there will be an extra 5 yuan in five years.

In this battle for deposits between the two parties, Fuxing Bank has the upper hand and wins first.

While the fight was in full swing, the outflow of funds from Standard Chartered Bank in recent days was as high as tens of billions.

Since ancient times, when the boss fights with the second child, the third child would be killed under normal circumstances. Standard Chartered Bank had no choice but to announce an increase in interest rates.

It’s just that there are Fuxing and HSBC Zhuyu in front, and the century-old Standard Chartered Bank is living in a small and transparent way. No one cares, and they can only swallow the pain in their stomachs.

Just when people were looking forward to the direction of this big drama, how Fuxing would make moves, and how HSBC would respond, the two banks had a tacit understanding and did not move.

The people's thinking is sometimes very naive. The United States was at its most economically depressed.

The capitalists would rather dump the milk than give it to the poor, so how can they let them reap the benefits.

Fuxing Bank declared war with HSBC in order to build up its reputation and make the public feel that they are qualified to wrestle with HSBC.

Now that their plan has been achieved, there is no need to raise interest rates again, killing one thousand enemies and losing eight hundred.

On the other hand, HSBC is fighting passively. If Fuxing does not continue to raise interest rates, they will not take the initiative to adjust.

After all, their size is large, even if the interest rate is raised by 0.1%, it will be a loss of tens of millions or hundreds of millions of dollars.

The two sides have a tacit agreement to stop the interest rate battle, but it does not mean that the two sides will shake hands and make peace.

Stephen is very smart, he knows that the source of everything is Zheng Yaoyang.Fuxing without Zheng Yaoyang is not worth mentioning, let alone be their opponent.

So they were waiting for Zheng Yaoyang to make a move. After all, they had to find a container for that huge sum of money.

Whether it is the stock market or bond funds, as long as Fuxing Bank makes a move, they will attack with all their strength.

One success can be declared to the outside world, and they smashed Zheng Yaoyang's undefeated golden body.

Investment losses, woodpecker investors and bank savings users will panic.

By that time, Fuxing Bank will be self-defeating.

HSBC Bank has a century-old history in Xiangjiang. Its foundation is so deep and it has penetrated into all walks of life. It is definitely not something Zheng Yaoyang can defeat.

Zheng Yaoyang is also waiting,

Waiting for news from Chen Yongjian and the others.

The bank's funds must come in and out, and they can't just go in and out like they are now.Adjusting interest rates is to gain bargaining chips, and issuing stocks is to create income.

Almost all of Xiangjiang's various financial derivatives are firmly controlled by HSBC and Standard Chartered Bank.

If they want to win, or gain a firm foothold, they must open up a new track, because in the old track, competing with these two banks will definitely die miserably.

It's just that Zheng Yaoyang didn't wait for Chen Yongjian, but instead waited for Zhan Xuerong, the Minister of Communications of Guangdong Province.

The two made an appointment to meet at Fuxing Bank, and Zheng Yaoyang smiled and said, "Minister Zhan, you are really a rare visitor."

If he remembered correctly, a cadre of Zhan Xuerong's level should not be able to 'go abroad' easily.

Zhan Xuerong smiled bitterly and said, "Mr. Zheng, I'm taking the liberty to visit. I hope you won't be offended."

With the cooperation between Magic City and Xiangdian, the funds are in place, and the construction of communication base stations in the city has begun.

Lin Defu has always been a procrastination tactic from beginning to end, he sees it in his eyes and is anxious in his heart.

If it is because of him that the Pearl River Delta fails to enter the era of instant communication, he will be a sinner through the ages.

Even if the procedures for 'going abroad' are very cumbersome, and he has to undergo a political review when he goes back, he still wants to visit Zheng Yaoyang in person.

(End of this chapter)