look around the world

The African continent should be a weak and blank spot in HSBC's global layout. It is of great significance to supplement and improve HSBC's global layout. It fills in the last missing piece of the puzzle and should be striven for.

At the same time, it should also be noted that African financial markets are still weak and profitable due to historical reasons. This is also the real reason why large multinational banks are unwilling to deepen their deployment.

Judging from the profitability of the acquired Standard Bank of South Africa, the return rate does not exceed 3.8%, which can be said to be better than nothing.

As the old saying goes, if food is tasteless and it is a pity to throw it away, it is called 'tasteless'.

so

Even if this cross-border merger fails, it will not cause any harm to HSBC and is a completely acceptable result."

Wang Yaocheng's words made Mr. Mo Yuxuan suddenly feel enlightened, and his mood that had been entangled for a long time became lighter. Perhaps this is because of the different positions and different perspectives on the problem.

"Boss, I am moved by your true knowledge and insights, and Yuxuan has learned a lesson.

Previously, a confidential document circulated by senior leaders of the Hong Kong Guanfengyun Economic Research Center analyzed possible political pressure from the United States and Europe and required companies to enhance their response capabilities.

Although HSBC has made targeted arrangements for this, it seems we still don’t pay enough attention to it.

After experiencing this incident

HSBC will organize capable forces to conduct in-depth research on this topic, rationally allocate global resources, conduct a comprehensive review of banking, insurance and securities and related businesses, and improve its ability to withstand stress."

"Very good, it seems you have benefited from it."

Wang Yaocheng nodded approvingly, with a smile on his face and said;

"HSBC's business is healthy and stable. Rejecting subprime loans and cleaning up junk loans is the focus of the next step. It is crucial to always reject the temptation of high profits, adhere to the concept of long-term business development, and prevent financial risks.

HSBC’s international business focuses on three areas;

The first is the Southeast Asia, Hong Kong and mainland business sectors, which are the foundation of HSBC.

Backed by the booming Chinese economy and the outstanding economies of Southeast Asian countries, HSBC must work hard to continuously expand its influence and market in this field, and grow together with the development of the regional economy.

The second is the EU market, which is HSBC’s traditional market and is relatively less likely to be subject to policy suppression.

As a gathering of developed countries, the EU market has a profound foundation and is like an endless treasure house. It must focus on increasing business expansion and work hard on depth and breadth.

The third is the North American market, including the United States.

Here we can see and feel the malice coming from all sides from time to time, including old white money, ultra-conservative forces, black men jumping up and down, and South American politicians who are full of complaints and jealousy. These are all unstable factors.

The U.S. financial market is very complex, with numerous giants and entangled interests that are difficult to distinguish. Under such circumstances, we must be even more cautious in our words and deeds.

After all, HSBC is not a US-owned bank, it is a completely foreign bank.

It is normal to receive some rejection and criticism. Maybe this is just a small test before the storm.

As the most developed and profitable financial market in the world, HSBC will never give up, but it should take appropriate measures to develop in a low-key manner.

The scale of the U.S. financial market should not continue to expand. It should be committed to comprehensively enhancing customer experience and thoughtful services. At the same time, it should be deeply linked with consortia companies to provide bank customers with value-for-money services.

Three legs support the financial building of HSBC. As for the banking business in Japan, South Korea, West Asia, Oceania and South America, it is a supplement and improvement to HSBC as a whole and cannot take over the lead."

Mr. Mo Yuxuan nodded frequently and said seriously;

"Boss, HSBC will adjust its corporate development strategy around your instructions, adhere to business screening with prevention of financial risks as its core, and build HSBC into a top bank with steady development."

"Brother Yuxuan, I can rest assured that HSBC will be entrusted to you." Wang Yaocheng nodded with satisfaction and smiled.

Over the years, HSBC has trained a large number of transnational business talents, mainly from elite students in China, and they have played a backbone role in global business and are growing rapidly.

This is the most gratifying thing for Wang Yaocheng. In addition to the high-tech field of network, Chinese talents also perform well in the financial industry.

Through exchanges and appointments in different countries and regions, and participation in the mergers, acquisitions and integration of multinational companies, these outstanding Chinese talents have been able to take on important responsibilities and even become a talent pool for the expansion of consortiums.

Hong Kong's Global Communications Company's acquisition of the British O2 Communications Company involved a large number of tedious organizational integration and reorganization tasks. This task was successfully completed by a large number of elites recruited mainly from HSBC Bank.
Chapter completed!