Wang Dongsheng, Non-Executive Chairman of HSBC, has been in the banking industry for more than 40 years.
He attended the talk show "Ma Shiheng Hall of Fame" earlier as a guest, and was interviewed by Ma Shiheng, a former high-ranking official and former chairman of MTR (0066), where he talked about the development of the banking industry and his personal success.
"Ma Shiheng Hall of Fame" has a strong guest lineup, and the second episode invited Wang Dongsheng, a bank executive.
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Business needs to get bigger and bigger, use technology to control costs
As a senior executive of a large multinational bank, Wang Dongsheng does not hesitate to say that it is difficult to operate a bank. On the one hand, it has to face geopolitical risks. On the other hand, due to the rapid development of technology, technology security has become very important. In a complex environment, operation is more difficult. Be careful, "The road is one foot tall, the devil is one foot tall, and the bad guys are just as smart!"
Let’s talk about the dangers and opportunities brought about by the development of science and technology.
Wang Dongsheng pointed out that with more and more regulations, the cost of compliance and "crime prevention" is getting higher and higher, and the business must be bigger and bigger to offset the cost. The cost of all personnel must be high, so technology must be used.”
He expects that in the next five to 10 years, mobile phones will provide more banking services, "such as deposits, savings, trading stocks, bonds or foreign exchange, and even trade, credit cards, mortgages, etc., can be fully electronic on mobile phones." This has also deepened the competition among banks. "After electronicization, it is easy for everyone to make comparisons, compare prices, services, etc., prices must be reduced, costs must be controlled, and technology must be used, not current methods."
Wang Dongsheng predicts that in the next 5 to 10 years, mobile phones can provide more banking services, and competition in the industry will also intensify.
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Ma Shiheng also asked during the interview, will banks still have branches in 30 years?
Wang Dongsheng believes that branches will still exist, "As early as the beginning of the Internet, some people said that branches will not be needed in the future, but [so far] customers are happy when they see branches, and securities companies with high technology in the United States will also open some branch branches. , passers-by will see it.”
Obey local laws to deal with geopolitical risks
As for geopolitical risks, with the deterioration of Sino-US relations and social events in Hong Kong, HSBC was once caught in the eye of the storm.
Wang Dongsheng believes that China is developing rapidly, and many researchers have predicted that China will become the world's largest economy by 2030. "When a country suddenly emerges, there must be friction in the world, and there will be different events such as supply chain changes and tariffs."
He believes that international banks are in geopolitics and must obey local laws as the most basic way of doing business.
Wang Dongsheng pointed out that Hong Kong's economy is "old" and a new economy must be developed.
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Must have enthusiasm "Our future is in our hands"
From reading a computer to entering a bank, to becoming a bank executive, what is Wang Dongsheng's way of success?
He said that we need to talk about luck, but when the opportunity comes, we must work hard.
In addition, he believes that it is necessary to listen to more people's opinions and have more new ideas, so that people from different departments can be united to make more new products.
In the end, you must also have a heart like a valley, find some "smart people who are smarter than you", and know that the world is "revolving" in your mind, and you must follow it, or turn faster than him. "Technology changes more than people." With big changes, it’s a big challenge for people to keep up.”
Talking about the issue of young people's ascendance, Wang Dongsheng pointed out that young people will definitely have the opportunity. "A single piece of water can be listed, and you can [create] a lot of money and become the richest man!" However, Hong Kong's economy is still an "old economy", Wang Dongsheng said clearly For young people to have hope, Hong Kong must develop a new economy. "Technology, artificial intelligence, environmental protection, medicine, etc. are all examples of the new economy." At the end of the interview, he sent a message to Hong Kong people: "Our future is in our hands!"
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