Chapter 330 Standard Chartered takes the initiative
"Your Highness, Duke, according to current statistics, the cumulative number of spectators in the three-day F1 Magic City race has reached 260,000. What do you think of this?"
In the program "Sparkling Life", there will be many interviews interspersed. After following Barron to shoot some materials of the F1 Magic City race, Bonnie and Barron had an interview in the Yan's Garden. For this conversation, face the camera.
“Yes, we are very happy to see that at F1’s Magic City Station, the cumulative number of spectators during the three-day race exceeded 260,000. This shows that China is not a country without a racing atmosphere. This news , both for the F1 Group and the Pioneer Sports Group, it is exciting..."
Barron said with a smile:
"In addition, you may know that earlier this year, Manchester United also took advantage of the break between seasons to conduct a trip to Asia. China was also the most important destination. Here, they also gained countless fans. The activities in China have been very successful. For Pioneer Sports Group, the development of the Asian market has always been our focus. I personally believe that sports, an activity that can inspire enthusiasm, can attract people around the world. Generate similar resonances, allowing each other to increase communication and understanding.”
After the F1 Group merged with Manchester United to form Pioneer Sports Group, DS Capital still holds 60% of the shares of this sports group. Whether it is Barron's enthusiasm for the F1 game or his concern for Manchester United, it is understandable.
Regarding this F1 Magic City race, according to previous surveys, Schumacher is the most famous F1 racing driver in China at this time. In many people’s understanding, Schumacher even represents F1...
It can be said that among the more than 260,000 spectators who came to the F1 Magic City race this time, most of them came specifically to see Schumacher!
It’s just that it was not Schumacher who finally won the F1 Shanghai Grand Prix, but Barrichello who stood on the top podium. This disappointed many people, but at the same time it also made more people pay attention to There is a new understanding of the F1 game and a new idol.
No matter what, this competition in Shanghai will be a good start for the formation and development of "F1 culture" in China.
"In addition, in addition to the F1 Magic City race, what other arrangements will you make when you come to China this time?"
We also had an intimate "learning knowledge" together last night , now that Barron sees Bonnie in front of him, interviewing him seriously as a host, he feels very interesting.
“I still have some investments in China, including several Internet companies, as well as hotels and manufacturing plants. I will take this opportunity to inspect these industries... In addition, Standard Chartered Bank will also Continue to cooperate with Huaxia Bank.”
“Speaking of Huaxia Bank. In the banking industry, a few years ago, many experts believed that their bad debt rate was too high, and they were afraid that there would be a systemic collapse at some point in the future, which would eventually affect the entire Chinese economy. This view was once What do you think about the mainstream opinions? Why do you actively cooperate with them? ”
In response to Bonnie's question, Barron shook his head and said disapprovingly:
"In fact, most of the time, I will not take the alarmist statements of the so-called experts as my investment." For reference, the "collapse theory" of China is also the one I disagree with the most. If you understand history, you will see that in the history of thousands of years of human beings, China has been in the lead most of the time. Among the team, it was only in the past one or two hundred years that China lags behind the West. This is not the norm, but accidental... Especially if you really come to China and see their hard work and emphasis on education, you will be even more unlikely to have the idea of contempt. I believe that China is an indispensable part of the future world economy and will bring strong impetus to global economic growth. Any entrepreneur who ignores China will have no future.”
Yes, recently. Standard Chartered Bank will also make many moves in Asia.
After participating in the commercial reform of the Bank of Communications and holding 19.9% of the shares of the Bank, Standard Chartered Bank will soon participate in the formation of another Hua Xia Bank...
They cooperate The target is Bohai Bank, which is just about to be established. Bohai Bank is headquartered in Tianjin. It is the first newly established national joint-stock commercial bank since the "Huaxia Commercial Bank Law" was revised in 2003. It is also the only newly established national joint-stock commercial bank approved by the State Council since 1996. It is the first Chinese-funded commercial bank to introduce overseas strategic investors during the establishment stage.
Standard Chartered Bank was invited to become the foreign sponsor of Bohai Bank.
Not long ago, Zeng Jingxuan, President of Greater China of Standard Chartered Bank, went to Beijing and signed the "Sponsor Agreement" with other shareholders of Bohai Bank.
According to this agreement, Standard Chartered Bank will invest US$123 million and hold 19.99% of Bohai Bank's shares, which is lower than the 20% limit for foreign investors to directly hold Hua Xia Bank's shares.
Other sponsors of Bohai Bank include Jinmen TEDA Investment Holdings Co., Ltd. (25% stake), China Ocean Shipping (Group) Corporation (13.67% stake), Shanghai Baosteel Group and China Development Investment companies (holding 11.67% of the shares respectively), etc. Among them, Standard Chartered is the second largest shareholder of Bohai Bank.
In an interview, Standard Chartered Bank’s Greater China President Zeng Jingxuan said: The reason for cooperating with Bohai Bank is because it has not been established recently, has no bad debt problems, and has a newer management model. Standard Chartered Bank will be able to quickly Invest in new information technology areas.
At the same time, this investment can also bring good returns to Standard Chartered Bank - in the original time and space, Bohai Bank would be listed in Hong Kong 15 years later, and the bank's market value at the beginning of the listing was HK$80 billion. The above is equivalent to more than 10 billion US dollars...
In addition, the cooperation with Bohai Bank will also help Standard Chartered Bank to deeply participate in China's financial industry, and will be beneficial to their other investments in mainland China.
In addition to investing in Bohai Bank, Standard Chartered Bank is also preparing to acquire an Indonesian bank.
The bank is called PTBank Permata, and Standard Chartered Bank is preparing to invest US$305 million to acquire 51% of the bank's equity.
PTBank Permata has 310 branches and approximately 1 million customers, ranking seventh in the Indonesian banking industry.
The timing of this acquisition was after the Indonesian election. Standard Chartered Bank was optimistic about the future development of Southeast Asia's largest economy, so it acquired this medium-sized domestic bank to get more involved. in the Indonesian economy.
In the past five years, Standard Chartered Bank has twice tried to acquire Indonesian banks, both of which ended in failure.
This time with the acquisition of PTBank Permata, Astra International Enterprise Group (Indonesia), the largest local automobile manufacturer and distributor, is Standard Chartered Bank’s partner in the acquisition. After this, they will be involved in automobile finance. Collaborate more deeply.
After all, although it is headquartered in London, Standard Chartered Bank mainly develops in emerging markets, and more than two-thirds of their income comes from Asia. This is where Standard Chartered Bank attaches most importance. area.
(End of this chapter)