Recently, the news that China's Luckin Coffee sued Thailand's Luckin Coffee for fraudulently using its brand name but lost the lawsuit has attracted everyone's attention. It's not just a trademark dispute, it's surprising that the Thai royal family has so much economic power behind it, making money in all walks of life.
How does the Thai royal family make money "unscrupulously"?
(1) The breadth of the Royal Group's involvement in business is astounding
The so-called Thai Shui Heng Coffee belongs to a large group called "Royal 50R". The group is a "what you make money", and its industries include everything from real estate, which is the most common industry in our daily lives, to tourism to earn foreign exchange, to new energy industry, which is a pioneer in environmental protection and sustainable development, to restaurants, retail, and so on.
Such a huge business territory has extremely high requirements for the capital chain, and it needs to be supported by strong bank capital to ensure the normal operation of various businesses and the stable development of the group. The capital support behind the Royal 50R Group is Thailand's largest state-owned commercial bank, which we will talk about next.
(2) The huge market capitalization of banks and cement companies is even more jaw-dropping
Siam Commercial Bank of Thailand, abbreviated as SCB, has a market capitalization of 91.4 billion yuan, making it one of the largest banks in Southeast Asia. Even more surprising is the fact that the largest shareholder of this bank holds 2338%, which is the special ** Authority of the Royal Family of Thailand, that is, the "Royal Asset Management Authority".
Therefore, the Royal 50R Group, as the flagship of the Thai royal family, can imagine the financial support it has obtained from Siam Commercial Bank. But that's not even the most "unscrupulous", let's take a look at another listed company, also controlled by Royal Asset Management, Siam Cement Group, Thailand's largest cement company.
The largest cement manufacturer in Southeast Asia has a market value of 101.4 billion yuanFar more than Huishang Bank. Similarly, its majority shareholder holds 30% of the shares, which is also our Royal Asset Management Authority.
It can really be said that both finance and industry should be grasped with both hands, and both hands should be hard. Just looking at these two figures, it is not difficult to imagine the huge wealth and influence accumulated by the Thai royal family in the economic field.
(iii) HMAM's ambitions don't stop there
So, what kind of institution is this mysterious "Royal Asset Management Bureau"?It is at the heart of the Thai royal family's financial system, and its predecessor can be traced back to the "Royal Family Exclusive Money Authority", which was established more than 100 years ago.
The English name of this bureau is very explicit, it is called "Crown Property Bureau", which literally translates to "Crown Property Bureau". It was established to manage the assets of the royal family and use them for investment to create greater wealth for the Thai royal family.
Back in 1907, Thailand's first bank, Siam Commercial Bank of Thailand, was created from it. In 1913, it established the Thai Siam Cement Company, which has grown into a giant in the industry. More than 100 years have passed, and through these two flagships, the Thai royal family's position in the financial and industrial spheres has been firmly established.
And, it is clear that the Crown Authority's investment ambitions will not stop there. It is reported that they also hold shares in many other listed companies, and even some large-scale private enterprises also have their shares. It can be said that the financial empire of the Thai royal family is everywhere.
Seeing this, I believe that many people have been shocked by the ambitions and wealth of the Thai royal family in the economic field. But as the world's oldest constitutional monarchy, the British royal family can only be coveted.
(1) The British royal family strictly prohibits commercial profit-making,** for charity only
In the United Kingdom, the principle of a constitutional monarchy is very strict. Not only is it forbidden for the royal family to engage directly in commercial activities for profit, but even the royal brand cannot be used for financial gain. All royal trusts** and revenues can only be used for charitable purposes or to maintain the daily life and activities of the core royal family.
In recent years, the Queen has opened Buckingham Palace as a symbol for tourists to visit, just to boost local tourism. When it comes to making money, the British royal family will never be linked to business.
(2) Participation in the tourism industry is only open to scenic spots, and there is no direct economic benefit
Even the tourism industry we mentioned, the British royal family's approach has only stopped at opening royal attractions such as Buckingham Palace. They can't directly run hotels and build scenic spots like the Thai royal family. The opening of tourism is only to attract more tourists and drive economic effects, and there is no direct income in itself.
Even in order to maintain the public's positive impression of the royal family, all ticket revenue is handed over to ** and will not enter the royal family's accounts. It can be said that the British royal family is extremely conservative and reserved when it comes to dabbling in business to make money, in stark contrast to Thailand.
In the face of the rapid growth of the economic strength of the Thai royal family, can the British royal family continue to maintain a proud posture?And how will the public perceive the role of the royal family?We don't know. But there is always continuity in history, and what is present will definitely affect the future. Let's wait and see!