The reason lies in the extra word Royal!
The Royal Bank of Scotland has two unparalleled special advantages because of these two words.
The first is the royal charter, which is a legacy of history and has not been cancelled. The royal charter was issued by King George I who ruled the Hanover region of Germany and the dynasty of England when it was first established in 1727. This is the entire Bank of England. The only privilege of the industry, even the Bank of England does not have this honor.
Why is it now the Windsor dynasty and this only royal charter has not been cancelled?
That’s because the Windsor dynasty and the Hanover dynasty came in the same line. By the time George V, the First World War broke out. Britain fought against Germany. The British royal family and the German royal family were cousins. In order to appease the people, a Privy Council decree was issued on July 17, 1917, announcing that the names of the British royal family and the private surnames of the royal family's paternal descendants were changed to Windsor, and the Windsor dynasty came from this.
The royal family is still there, but the name is different. Naturally, this concession issued by King George I will not be cancelled.
To put it bluntly, this royal franchise is a special operating license granted by the royal family, and the royal family charges a certain fee.
The Royal Bank of Scotland can use the name of national institutions and the royal family to operate, using the credibility of the country and the credibility of the royal family.
For example, in the eyes of the people in Scotland, the Royal Bank of Scotland with the word Royal is no worse than the Bank of England, which is the Bank of England, and even has a much higher credibility.
This is a private enterprise that is more like a state-owned enterprise than a state-owned enterprise. The word royal franchise is like the word "China" of a state-owned enterprise in mainland China. Private enterprises cannot use these two words at all, and registered companies are not allowed to approve.
Consider that there are so many Guozi head companies in China, but in the UK, the Royal Bank is the only bank with no semicolon, and its value is higher!
The Royal Bank of Scotland can become the largest bank in Scotland when the expense ratio is higher than that of the Bank of Scotland. Royal Charter is an extremely important factor.
Although the Royal Bank of Scotland has not yet made its way out of Scotland, with the word Royal, it will have a huge advantage to leave the UK and enter Europe. Naturally, it gives the people a certain degree of confidence that the future Royal Bank of Scotland can become the second largest in Europe. Banks also have this reason.
In addition to this advantage, the second advantage of Royal Bank of Scotland is that it has the right to design and issue British pounds on its own. To put it simply, it has the right to issue British pounds!
Although it is not too big, but there is it!
A private bank has the right to issue banknotes that the central bank of England has. This is absolutely impossible in China, but it is true in the UK.
There are three banks in the entire UK that have the right to issue British pounds. Except for the Bank of England, which is a subsidiary of the Central Bank, and the Royal Bank of Scotland, the third is also a Scottish bank, and it is also a small, little-known bank-Scotland Clydesdale Bank.
Although this small bank has the right to issue British pounds, its power is too small and can only issue small denominations, and the Clydesdale Bank of Scotland is only a small regional bank, which Xia Yu looks down on for the time being.
Although the Bank of England and the Royal Bank of Scotland both have the right to issue British pounds, there are also differences.
The pound sterling issued by the Bank of England is valid throughout the United Kingdom, and the head of Elizabeth II is printed on the pound sterling.
But the pound sterling theoretically issued by the Royal Bank of Scotland can only enjoy the status of legal circulation in Scotland.
But after more than two hundred years, it can actually circulate in the entire United Kingdom. When everyone recognizes the value of the pound sterling, the paper will naturally be valid. Even the law cannot stop public opinion across the country.
Unlike the British pound issued by the Bank of England, the head of the British pound issued by the Royal Bank of Scotland is called Elizabeth I. Although they are all the same person, for historical reasons, Elizabeth I, who ruled England at that time, did not rule Scotland. It was in Elizabeth II. It is ruled throughout the world, so even though it is the same person, there are different titles in the history books of England and Scotland, and of course the paper money is different.
Of course, because the British pound issued by the Royal Bank of Scotland can also be circulated throughout the UK, it does not matter which portrait is printed.
The Royal Bank of Scotland, a bank in the Scottish region, has been listed. This is Xia Yu's opportunity.
He is a native of Hong Kong. He has not returned at this time. In terms of household registration, he naturally belongs to the British nationality and is legally qualified to acquire the Royal Bank of Scotland.
And in order to reduce resistance, he will not yell and wait for the world to know that he is going to buy Royal Bank of Scotland. He will only buy it quietly and hide himself under the water. The truth is that he has really gotten the benefits.
Think about it in later generations, after the return of Hong Kong, the Hong Kong dollar issuance rights are not unified in the hands of HSBC, Standard Chartered Bank and HeungKong Bank of China. This is a shame. He was also indignant after knowing this fact.
Now that he has this opportunity, Xia Yu will naturally not let it go. If he is a Chinese who holds one of the rights to issue pound sterling, he will be happy to think about it. The point is that it has operability and is not purely whimsical.
These three target banks have invested in HSBC Holdings and become directors, and they will have a certain degree of influence in the UK.
After the acquisition of Standard Chartered Bank and Royal Bank of Scotland, under the complementarity of the two, Xia Yu's financial empire will cover the United Kingdom, Africa, Asia, Latin America and Oceania.
At that time, as long as the Bank of Scotland becomes a large British bank and rushes into Europe, finds a fulcrum in the United States, acquires or cultivates a heavyweight bank, Xia Yu can truly become a world-class financial leader, although not A handful of the best in the world, but it has also entered the world class, right?
With the foundation of a world-class bank, large capital injections, continuous mergers and acquisitions will be very simple.
With a world-class bank, his Jiuding consortium will be able to break free from the shackles of regional consortiums, so as to break out of Hong Kong and even Asia, and be qualified to compete with major consortiums in Europe and America.
The lofty ideals and the glorious future come from every step underfoot, and the most important thing now is to realize his vision.
In the office of the president of the Bright Fund, Xia Yu looked at George Berkeley who raised his head in shock, and said calmly: "George, you don't have to worry about funding. Are you sure to implement this plan?"
George Berkeley was in a state of chaos, shocked by the boss' grand strategy, and he was under pressure.
Fortunately, the boss told him not to worry about funds, otherwise he would definitely be out of breath.
He took a deep breath and nodded solemnly: "Boss, I can't guarantee you before it is implemented, but I will do my best to implement your great plan."
"I need enough time."
Xia Yu gave him an appreciative look and said encouragingly: "I will give you enough time. It must be completed within two years. If there are any difficulties or emergencies, you must report to me as soon as possible, and I will give you enough. support!"
Giving George Berkeley two years is also a buffer period for Xia Yu. Now with his influence and financial resources, he acquired two banks at the same time and allowed them to develop rapidly. Capital is not enough.
But he is confident that in one or two years, his wealth will skyrocket, and his status will be higher, his influence will be stronger, his capital will be stronger, and the acquisition difficulty will be lower.
But there is no need to let George Berkeley know these things, lest he think too much and shake his faith.
Hearing that for two years, George Berkeley breathed a sigh of relief, beaming with joy, and said gratefully: "Thank you boss, I will not let you down."
"Ok!"
Xia Yu nodded with a smile.
"By the way, recently, I will arrange one more thing for you. I am interested in HeungKong Land Group, but I am not in harmony with the Keswick family. Now someone in the Keswick family wants to withdraw and return to the UK. You will come forward. Try to buy me equity in the Land Group."
"This is the details and number of shares held by the members of the Keswick family."
"Acquire as soon as possible, and temporarily rank first in the work order."
With that, Xia Yu took out a thin document from the drawer and handed it to George Berkeley.
George Berkeley took over and replied solemnly: "Understand, boss, I will execute it immediately."
"Hmm! Do you have anything to ask?"
Xia Yu asked.
George Berkeley shook his head: "Not for the time being. If there is a problem halfway, I will report to you."
"it is good!"
"Then you go ahead!"
"Goodbye boss!"
Watching George Berkeley exit and slowly close the office, Xia Yu stood up, stretched his waist comfortably, and the corners of his mouth showed a curve of expectation.
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