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"Mr. Pu Weishi, what is your opinion on how to deal with the crisis brought about by Bank of East Asia?" At this time, Shen Bi's eyes turned to an executive who had been sitting not far from him and had not spoken.

Pu Weishi is the current executive director of Huifeng Bank. However, he has a more critical identity. He is the next generation successor carefully cultivated by Shen Bi.

These are actually almost universally recognized in Huifeng Bank.

The current vice chairman of Huifeng, John Bao, is about the same age as the chairman of the board, Shen Bi, and both are approaching retirement age.

Therefore, Bao John basically had no chance to go any further.

If nothing unexpected happens, Pu Weishi will soon replace Bao John as the position of vice chairman of the board of directors, and then after Shen Bi retires from the position of chairman of the board of directors, he will take over Shen Bi's position and officially take charge of this giant company that plays an important role in the financial world.

To be able to become the next generation successor, one must naturally possess extraordinary abilities and keen business acumen.

Pu Weishi, who was originally thinking, came back to his senses and said calmly: "Mr. Shen Bi and colleagues, based on the suggestions you just made, I have a preliminary idea that it may bring a considerable impact to the Bank of East Asia, while consolidating and expanding the dominant position of our Huifeng Bank. As for whether it can completely reverse the current competitive situation, it can only be said to provide a reference."

Everyone looked at him expectantly, and the conference room instantly fell silent.

"Oh? Mr. Pu Weishi, then please tell me quickly, what are your ideas?" Shen Bi became interested.

He recognized Pu Weishi's ability, otherwise he would not have become the executive director of Huifeng Bank.

Moreover, in the past few years, since Shen Bi took over as the head of Huifeng Bank, he has continuously improved the performance of Huifeng Bank. Naturally, it is impossible for him to rely entirely on himself. The role of his subordinates is also very important. Pu Weishi is an extremely dazzling "new star" among them, and he has repeatedly demonstrated unique vision in key decision-making.

It is also because of this that Pu Weishi gradually became the successor he trained.

Six years later in another world, when Shen Bi stepped down from the position of chairman of the board, his successor was Pu Weishi.

Pu Weishi cleared his throat, adjusted his sitting posture, and after scanning everyone in the conference room, he slowly spoke: "I have thought about it again and again, and I have a preliminary idea.

The preparations for the Hong Kong Bankers Association have been going on for a long time, so I guess it is almost at the final stage, right? The Bank of East Asia is in deep crisis, which may be an opportunity for us to leverage.

Although Bank of East Asia was originally a member of the planned Hong Kong Banks Association, times have changed. Now that it has gotten into this kind of trouble, we might as well, as the first chairman of the Hong Kong Banks Association, join forces with other banks to remove it from the association.

Then, we used the association as a platform and joined forces with major Hong Kong banks including Hang Seng Bank, Standard Chartered Bank, Hang Lung Bank, Ka Wah Bank, Wing Lung Bank, Chase Bank, and American Express Bank to send a clear signal to the market: all customers must choose between the member banks of the Hong Kong Banking Association and Bank of East Asia.

That is to say, if customers want to continue doing business with these banks in our Hong Kong Banking Association, they must stop any transactions with Bank of East Asia.

With our connections and deterrent power in Hong Kong, I think Mr. Shen Bi should be able to convince the bosses of various banks!
Once they are successfully convinced, with the influence of so many of our banks in Hong Kong's financial industry, customers will naturally have a scale in their minds and know how to make a decision.

In this case, Bank of East Asia will inevitably be isolated and helpless.

Moreover, we can also guide the direction of public opinion and trigger a crisis of market confidence in Bank of East Asia, thereby inducing a new round of bank runs.

This public opinion is not ordinary public opinion. Even if Lin Haoran controls the mainstream media, it is difficult to change the situation. After all, how to choose, even if we don’t guide, everyone knows how to choose.

I believe that there should not be many people who would completely be unable to do business with other banks just to have financial transactions with the Bank of East Asia. In this case, the existing customers of the Bank of East Asia will definitely withdraw their deposits from the Bank of East Asia. "

Pu Weishi paused here.

The Hong Kong Bankers Association was established in accordance with the "Hong Kong Bankers Association Ordinance" formulated by the Legislative Council of Hong Kong. In fact, it was decided to be established by the Hong Kong Foreign Exchange Bank after consultation with the Hong Kong Treasury Department. Based on the Hong Kong Foreign Exchange Banks Association, it has carried out a comprehensive structural upgrade and functional expansion.

According to the founding principles, once established, it will not only be a key organization for self-discipline and coordination in Hong Kong's banking industry, but will also have a significant voice in many core financial fields such as currency issuance, interest rate setting, and financial supervision. The association was originally planned to be established in July this year, which is next month, so preparations have basically been completed.

Nowadays, it is not difficult to establish a guild ahead of schedule.

The most important thing is that in the early days of its establishment, the association's rules were imperfect and full of loopholes. Pu Weishi obviously wanted to use this soon-to-be-established association to sanction the Bank of East Asia.

In addition, given the influence of Huifeng Bank in Hong Kong's financial industry, other banks would certainly not want to offend Huifeng Bank. Therefore, it would not be difficult to let Shen Bi, the head of Huifeng Bank, persuade other banks to agree to this matter.

After all, I would rather die than let my friend die. The sanctions are imposed on the Bank of East Asia, so what does it have to do with other banks?
Moreover, once successful, the business of Bank of East Asia may flow to other banks, and they may also be able to take advantage of this opportunity to get a piece of the pie.

Government agencies like the Treasury Department and the Legislative Yuan are biased towards these British financial groups, so they will naturally turn a blind eye and not interfere too much!
Pu Weishi's idea was extremely vicious. He turned the one-on-one fight between Huifeng Bank and Bank of East Asia into a group fight!
Given the status of Huifeng Bank in Hong Kong's financial industry, no one dares to offend it, unless other banks do not want to operate in Hong Kong anymore.

This is also the reason why Pu Weishi is so confident.

There was silence at the scene, and everyone was thinking about the method Pu Weishi mentioned.

Pu Weishi picked up the water cup on the conference table, took a sip to moisten his throat, and continued: "Although Lin Haoran has strong financial strength, it may not be realistic to completely destroy the Bank of East Asia with a bank run alone, but it can definitely make it lose a lot of money.

As a result of this operation, not only will Bank of East Asia's reputation be damaged, its business volume will also shrink significantly, and its position in the Hong Kong financial market will also be in jeopardy.

As a result, Bank of East Asia will only be able to do internal business of Lin Haoran’s group, such as the Hong Kong Land Group and the Hong Kong Electric Group, and there will be very little external business left!
The Bank of East Asia, which has lost the support of the vast external market, is like an eagle with its wings cut off. Even with Lin Haoran's industries as its last refuge, it is difficult for it to pose any threat to our Huifeng Bank. In this way, the biggest crisis of our Huifeng Bank is naturally resolved.

As for the Bank of East Asia, it can only survive with difficulty in this small circle. The risks brought by the single business will follow it like a shadow. Once the operation of Lin Haoran's industry itself fluctuates, or the wind direction of the financial market changes slightly, the Bank of East Asia may fall into an abyss from which there is no escape.

On the other hand, our Bank of Hong Kong has taken this opportunity to not only successfully suppress its competitors, but also establish a stronger and more authoritative image in the Hong Kong financial market.

After witnessing our methods and strength, other banks will only become more respectful of Huifeng Bank, which will undoubtedly pave the way for us to further expand our business territory and integrate industry resources in the future.

The Hong Kong market will always be the backyard of our Huifeng Bank. No one can easily shake our foundation, let alone compete with us. In this way, we can also focus more on the strategic layout of overseas market expansion!"

Having said that, Pu Weishi stopped talking. Although he still had something to say, he had to let everyone digest the previous content.

Why did Huifeng Bank take such high alert and precautions against Bank of East Asia after Lin Haoran took over?
The reason is not complicated. The core is that they are deeply worried that after Lin Haoran takes the helm of Bank of East Asia, he will use his strong influence to achieve explosive growth in business, and then frantically erode the market share of Bank of East Asia and Hang Seng Bank.

Since his rise, Lin Haoran has become famous in the business world. His extensive network of contacts, sophisticated business skills, and strategic vision are obvious to all.

Once he takes over Bank of East Asia, he is likely to quickly integrate resources from all parties and inject new development vitality into Bank of East Asia.

He will use his influence to attract a large number of high-quality customers and projects, and promote the leapfrog development of Bank of East Asia in core business areas such as loans, deposits, and investments.

By then, the market share that Bank of Communications and Hang Seng Bank have worked hard to build over the years will inevitably face the risk of being significantly squeezed.

Lin Haoran's industries are closely linked to the business of Bank of East Coast. His subsidiaries, such as Hong Kong Land Group and HK Electric Group, have huge business dealings with Bank of East Coast, involving huge capital flows and cooperation on diversified financial products.

Although these companies have not yet stopped their business dealings with Huifeng Bank, even ordinary citizens know that the business between these companies and Huifeng Bank will sooner or later be transferred to Bank of East Asia. Otherwise, why would Lin Haoran acquire the bank?

If companies such as Hong Kong Land Development and Hong Kong Electric Group withdraw these financial businesses from Bank of East Asia and switch to Bank of East Asia, the business scale of Bank of East Asia will suffer a severe blow and its profit margin will shrink significantly.

This potential "cutting off the firewood" threat made the senior management of Huifeng Bank feel very uneasy. (End of this chapter)