The internal struggle of Standard Chartered Bank Group has entered a state of temporary balance. In addition to the "white warrior" school playing chess under the guidance of Sir Gao, it also has a relationship with another big environmental change that can not be ignored. In other words, it is also in the strategy of Gao Xian using the general trend.
This big environmental change is that another signboard reform during Margaret Thatcher's term of office came out, that is, to significantly reduce the supervision of the financial industry, which was so sensational that it was called the financial big bang by the media. From the perspective of foreign consortia being allowed to buy 100% shares of British listed companies, Britain has fully liberalized the financial market since then.
Of course, there are still many contents to significantly reduce the supervision of the financial industry. For example, electronic trading methods such as computers are allowed to replace the traditional face-to-face price in the past, fixed commissions are cancelled, bank capital can enter the stock market, and barriers between commercial banks and investment banks are broken, etc.
The driving force of this great reform comes from the fact that although London's status as an international financial center is still quite advantageous, it is facing various crises. It is true that the city of London is a world expert in finance, but hundreds of years of success will inevitably become a stumbling block to continue to move forward.
In fact, it can be seen from the work rhythm of squatting in the financial city and turning around wall street during this period. The traders of the former fully interpret the so-called gentlemanly style, taste coffee and make money slowly; The traders of the latter work overtime, and their work rhythm is tense. They die of overwork.
When Thatcher's government launched this huge reform, sir Gao, President of Xiangjiang exchange fund authority, took the name of work investigation. I came to London to guide Gaoyi on how to understand and grasp the opportunities brought by this change.
Generally speaking, the new situation has both advantages and disadvantages for Gaoyi.
In fact, taking advantage of the special relationship between Xiangjiang and the UK during this period, as long as you have the ability and proper strategy, there is still a lot of room for operation in the UK's financial industry before the launch of the financial reform. For example, Gaoyi bought Johnson Matthey, one of the five major gold traders in London, and a series of recent operations against Standard Chartered Bank Group.
Now that the financial reform has been launched, Britain has no defense against foreign consortia, which is tantamount to losing part of Gaoyi's convenience.
But the corresponding benefit is also obvious, that is, just let go. For example, Gao Xian's advice includes a good study of the ancient securities brokerage companies in the city of London, such as Luo Pitman, dezot Bevan, marens and so on, to choose the opportunity to acquire, so as to enhance Gao Yi's trading ability in the London financial market.
These companies are certainly not as famous as Goldman Sachs, Morgan Stanley, Huifeng and Standard Chartered. They have no resonance. They don't waste pen and ink. As long as they understand that this step is necessary.
Gao Xian's meaning is very straightforward. Once the financial reform is launched, the giants of Wall Street and the European continent will certainly flock to set off a wave of acquisitions. We have to start first.
John Craven asked: "foreign consortia are allowed to buy 100% shares of British listed companies. Can they really implement it in practice?"
Gao Xian smiled. "I don't think it's necessary to doubt Thatcher's determination to consolidate and improve London's status as an international financial center. The acquisition of the city of London will indeed reactivate the vitality of London's financial industry."
Although Gao Xian praised the great financial reform, he was also aware of the side effects.
The city of London is indeed too old, so that the old companies inside can hardly escape the fate of being acquired by foreign forces. The final result may be that the status of London's international financial center has not only been preserved, but also greatly enhanced, but the most active people may become consortia outside the UK.
An example from the sports world should be more helpful to understand what it means.
At the Wimbledon Tennis Championship, one of the four grand slams of tennis, no British tennis player has won a prize since Fred Perry won the title in 1936.
As a host, Britain will not be embarrassed as long as it does not feel embarrassed.
If this phenomenon is applied to the London financial market after the launch of the great financial reform, Britain feels good, that's good.
Like the "Black Wednesday" in 1992 in the "old play", Soros sniped at the pound under the European exchange rate mechanism. Britain suffered a disastrous defeat. The British themselves were indifferent. Why should outsiders worry about eating carrots.
It is worth mentioning that the launch of the financial reform has injected a strong shot into the real estate industry of land in London.
Today, the city of London has become cramped. It is impossible to carry out demolition in this ancient place. Especially after the launch of the financial reform, it is foreseeable that the demand for high-end office buildings brought by the prosperity of London's financial industry can not be met by that land. Therefore, the Financial District of London must be expanded, and one main direction is Canary Wharf.
The land is located at Canary Wharf and the port area that has been re planned and developed after being abandoned. Some land with good location has been auctioned. As long as it is developed, it will be a stable and long-term considerable financial source.
Because happy group achieved great success in developing real estate in Vancouver, where the World Expo was held, the following Xiangjiang consortium did not drink less soup, so that Xiangjiang consortium began to follow suit in London.
London's urban area and situation are complex, which can not be compared with Vancouver. Therefore, it is difficult to make money. All high strings have no enthusiasm for matching, so as not to lose money in the end and get into trouble.
However, the light of fame can't be hidden if you want to cover it up.
Sir Gao, who is enjoying the development results of the land acquired by the land at Canary Wharf, received a visit request from the Kuwait Investment Bureau.
Kuwait Investment Authority is mainly responsible for managing Kuwait's oil revenue. Its headquarters is located in London. It only wants everyone from Asia to entertain warmly. Moreover, sir Gao has accumulated contacts in the Middle East.
Fahd, the head of Kuwait Investment Bureau, quickly explained his intention. Gao Yi admired his trading ability in London, so he wanted to seek secret cooperation and buy a large number of shares of privatized BP, with the ultimate goal of controlling BP.
Gao Yi glanced at him for a few days and asked himself, "can foreign consortia be allowed to buy 100% of the shares of British listed companies be implemented to the end?" John Craven's first thought in his heart was, "Kuwaitis are a little naive."
However, Gao Xian didn't have any negative words on his mouth. Anyway, Kuwait Investment Bureau wanted to acquire BP. Whether it was successful or not, it didn't delay making a profit.