¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡HSBC: KEB Deal Highlights Strategy For Growth
| »ã·á¿Ø¹ÉÓÐÏÞ¹«Ë¾(HSBC Holdings PLC, ¼ò³Æ£º»ã·á¿Ø¹É)ÑÇÌ«ÇøÐÐÕþ×ܲûô¼ÎÖÎ(Sandy Flockhart)³Æ£¬¹«Ë¾ÒÔ63ÒÚÃÀÔªÊÕ¹ºº«¹úÍâ»»ÒøÐÐ(Korea Exchange Bank)¿Ø¹ÉȨµÄ½»Ò×Í»³ö±íÃ÷£¬ÔÚÎÞ·¨ÊµÏÖÄÚ²¿ÓлúÔö³¤µÄµØÇø£¬Õâ¼ÒÓ¢¹úÒøÐÐÔ¸Òâͨ¹ýÊÕ¹ºÀ´ÊµÏÖÀ©ÕÅ¡£ ͬʱµ£ÈÎÏã¸ÛÉϺ£»ã·áÒøÐÐ(Hongkong & Shanghai Banking Corp.£¬¼ò³Æ£º»ã·áÒøÐÐ)ÐÐÕþ×ܲõĻô¼ÎÖÎ˵£¬ÔÚÄÚ²¿ÓлúÔö³¤ÊÜÏÞµÄÊг¡£¬»òÕßÊÇÔڸ߶ȼ¯ÖС¢ÒøÐÐÒµ¾ºÕù¼¤ÁÒµÄÊг¡ÉÏ£¬ÊÕ¹º¶ÔÓÚ¹«Ë¾µÄÀ©Õŷdz£ÖØÒª¡£»ã·áÒøÐÐÊÇ»ã·á¿Ø¹ÉµÄÈ«×Ê×Ó¹«Ë¾¡£ Öܶþ£¬ÃÀ¹ú˽ÈË×ʱ¾ÔËÓª¹«Ë¾Lone Star Funds³Æ£¬Ä¿Ç°µÄËßËϳÌÐò²»»á×èÖ¹ÆäÏò»ã·á¿Ø¹É³öÊÛÍâ»»ÒøÐÐ51%¹É·ÝµÄ½»Òס£»ô¼ÎÖγƣ¬¡°ÎÒÃDz»Ó¦¶Ô´ËÊ·¢±íÆÀÂÛ¡£¡± Á½ÃûÓëÍâ»»ÒøÐÐ2003ÄêÏòLone Star Funds³öÊ۹ɷÝÓйصÄÈËԱĿǰÕýÔÚº«¹úÊÜÉó£¬ËûÃDZ»Ö¸¿ØµÍ¹ÀÁËÍâ»»ÒøÐеÄʵÁ¦£¬°ïÖúLone Star FundsÍê³ÉÁËÊÕ¹º¡£Ä¿Ç°»¹²»Çå³þÉóÅлá³ÖÐø¶à¾Ã¡£ÁíÍ⣬Lone Star FundsÒ²ÒòÉæÏÓ²ÎÓëÍâ»»ÒøÐÐÔÚÊÕ¹ºÁíÒ»ÐÅÓÿ¨»ú¹¹µÄ¹ý³ÌÖвÙ×ݹɼ۶øÕýÔÚº«¹ú½ÓÊÜÉóÅС£Lone Star Funds·ñÈÏÁËËùÓеÄÉæÏÓ¹ýʧ¡£ »ô¼ÎÖÎÔÚ̸µ½»ã·á¿Ø¹É×î½üÊÕ¹ºÔ½ÄÏÒ»¼Ò±£ÏÕ¹«Ë¾10%¹É·ÝÒ»ÊÂʱ˵£¬´Ë¾Ù×ÅÑÛÓÚÑÇÖÞÓú·¢³ÉÊìµÄÊг¡ºÍÄÇÀï²»¶ÏÔö³¤µÄ²Æ¸»¡£Ëû˵£¬ÏñÖйúºÍÓ¡¶ÈÒ»Ñù£¬Ô½Äϵı£ÏÕÊг¡Î´À´Ò²½«Óо޴óÔö³¤¡£ »ã·á¿Ø¹ÉÉÏÖܳƣ¬½«³â×Ê2.54ÒÚÃÀÔªÊÕ¹ºÔ½ÄϵÚÒ»´ó±£ÏÕ¹«Ë¾Vietnam Insurance Corp.10%µÄ¹É·Ý¡£Èç»ñ¼à¹Ü²¿ÃÅÅú×¼£¬»ã·á¿Ø¹ÉÔڸù«Ë¾µÄ³Ö¹É±ÈÀý×îÖÕ½«¿ÉÌá¸ßµ½25%¡£»ã·á¿Ø¹É»¹ÊÇÒ»¼ÒÔ½ÄÏÒøÐеĹɶ«¡£ »ô¼ÎÖγƻã·á¿Ø¹ÉÔÚ»ªÒµÎñ³ÖÐøÀ©ÕÅ£¬Ä¿Ç°ÔÚÖйúÓµÓÐ45¼Ò·ÖÖ§»ú¹¹£¬ÊÇÔÚ»ª¾ÓªµÄÍâ×ÊÒøÐÐÖÐ×î¶àµÄ¡£ÕâЩ·ÖÖ§»ú¹¹°üÀ¨15¸öÒµÎñÖÖÀàÆëÈ«µÄ·ÖÐкÍ30¸öÖ§ÐУ¬»ã·á¿Ø¹ÉÄ¿Ç°ÕýÉêÇëÔÚ3¸öÖйú³ÇÊÐÐÂÉè·ÖÖ§»ú¹¹¡£ »ã·á¿Ø¹ÉÔÚÖйúµÄ½»Í¨ÒøÐÐ(Bank of Communications Co.)ÓµÓÐÕ½ÂÔÐԹɷݣ¬ËäÈ»ÕⲢδ¶ÔÆäÔÚ»ªÒµÎñµÄÀ©ÕÅ´øÀ´Ö±½Ó°ïÖú£¬µ«»ô¼ÎÖγƣ¬»ã·á¿Ø¹ÉÒѾÏò½»Í¨ÒøÐд«ÊÚÁËһЩÏȽø×ö·¨£¬ÕâÍƶ¯Á˺óÕßµÄÒµÎñÔö³¤ºÍ¹É¼ÛÉÏÕÇ£¬´Ó¶øʵÏÖÁË»ã·á¿Ø¹ÉºÍ½»Í¨ÒøÐеÄË«Ó®¡£ »ã·á¿Ø¹ÉÓÚ2004Äê³â×Ê17.5ÒÚÃÀÔªÊÕ¹ºÁ˽»Í¨ÒøÐÐ19.9%µÄ¹É·Ý¡£×Ô½»Í¨ÒøÐÐÓÚ2005ÄêÔÚÏã¸ÛÉÏÊÐÒÔÀ´£¬Æä¹É¼ÛÒѾÉÏÕÇÁË250%ÒÔÉÏ¡£ Peter Stein |
| HSBC Holdings PLC's (HBC) chief executive for Asia said HSBC's $6.3 billion deal for control of Korea Exchange Bank (004940.SE)underscore's the British bank's willingness to make acquisitions where organic growth doesn't work. Sandy Flockhart, chief executive of HSBC's main Asian unit, Hongkong & Shanghai Banking Corp., said 'acquisitions are key to growth in certain markets where organic growth is constrained, or where you have highly integrated, competitive banks.' On Tuesday, U.S. private-equity firm Lone Star Funds said it doesn't expect legal proceedings to prevent the sale of its 51% stake in KEB to HSBC. Flockhart said it would be 'wrong for us to comment on the issue.' Two people involved in the 2003 sale of KEB to Lone Star are on trial in South Korea on charges of underestimating the bank's strength, helping Lone Star complete its purchase. It's unclear how long the trials might last. In addition, Lone Star also is on trial in South Korea for alleged stock manipulation related to KEB's buyout of a separately traded credit-card unit. Lone Star has denied any wrongdoing. Flockhart said another recent HSBC acquisition in Asia, its purchase of a 10% stake in a Vietnamese insurer, aimed to take advantage of 'a growing wealth and growing sophistication in these markets.' As in China and India, 'you should see large growth rates going forward' for insurance products. HSBC said last week it was paying $254 million for a 10% stake in Vietnam Insurance Corp., the country's largest general insurer by market share. It has options to raise that stake eventually to 25% if regulators approve. HSBC also owns a stake in a Vietnamese bank. Flockhart said its China business continues to grow. HSBC now has 45 outlets in China, more than any other foreign bank in China. These include 15 full branches and 30 subbranches, and it is currently applying to branches in three more cities. HSBC's strategic stake in Chinese lender Bank of Communications Co. hasn't specifically helped HSBC expand its business in China. But Flockhart noted that 'we've done a bit of transfer of best practices. That's led to better growth of Bocom's business, and better growth in the share price, which is good for both parties.' HSBC bought a 19.9% stake in Bocom for $1.75 billion in 2004. Since the shares listed in Hong Kong the following year, they've risen by more than 250%. |
