I Want To Be a Rich Man on Hong Kong Island

  Chapter 617 [Core of the Consortium—Financial Industry]

  In the meeting room of Everbright Bank, Wu Guangyao held a bank senior meeting;

  In attendance at the meeting were Everbright Bank Chairman Andri, Everbright Bank General Manager Lei Hong, Family Office CEO Morse and others.

  Even Everbright Bank holds 67% of the shares of Hang Seng Bank, but the management power is still handed over to He Shanheng, Li Guowei and others, and only performs the responsibility of supervision and coordination!

  He Shanheng is expected to retire in the next two years, when Li Guowei will be on top;

  While Li Guowei is an excellent banker himself, Wu Guangyao will naturally not move him.

  However, the management team of Hang Seng Bank is not Wu Guangyao's cronies after all, so there was no notice at this bank meeting.

  The meeting starts.

  Wu Guangyao asked Lei Hong, “Have you been in contact with Chen Songqing?”

  From hairstyle to dress, Leihong is a banker incisively and vividly-rigorous and meticulous;

  This kind of character is Wu Guangyao's favorite. Everbright Bank itself needs to develop steadily!

Lei Hong said seriously: "In December last year, he and Zhong Zhengyi came to the door together, hoping to obtain a loan from Everbright Bank! Originally I refused to borrow because Chen Songqing is not well-known, and there is not much fixed on Hong Kong Island. Asset mortgage; but Zhong Zhengyi's rhetoric was not only used as a guarantee, but also Zhong's property as a mortgage, so I agreed to a loan of 50 million Hong Kong dollars!"

  Don’t check it for a while, let Chen Songqing succeed!

  Lei Hong did nothing wrong, because the Chung family is a well-known big family on Hong Kong Island, with assets of at least one billion Hong Kong dollars.

  Zhong Zhengyi! Zhong Zhengyi!

  It's a pity, you will be bankrupted by Chen Qingsong, who is a big fool!

  Wu Guangyao nodded and said, “Since the loan has been taken out, it can be recovered within three years! However, in the future, if Chen Qingshan comes to loan, he will find a reason to refuse, and the same is true for Hang Seng Bank!”

  Lei Hong thought in his heart that Chen Songqing had offended the boss, and did not ask more about the reason;

   "Well, I will notify Hang Seng Bank!"

   "Keep it secret!"

   "Okay, boss!"

  On Hong Kong Island, Hang Seng Bank and China Everbright Bank have the least bad debts, which makes many bankers secretly sigh Wu Guangyao's vision!

  The real estate and securities industries account for about 50% of the bank loan business on Hong Kong Island;

  The two banks relied on Wu Guangyao’s advice to tighten their loans before the real estate/securities plummeted;

  Before real estate/securities premiums, a large amount of loans went out;

  If you come and go, you will naturally have a lot less bad debts!

Wu Guangyao said to everyone in the conference room: "From now on, our Everbright Finance Department will have a global presence; especially the banking industry, must vigorously develop, mainly by adopting shares and mergers and acquisitions of banks in other countries; Japan, Canada, the United Kingdom, the United States, These countries, such as Australia, are our consideration."

  Everyone looked excited when they heard it. China Everbright Bank is finally going out of Hong Kong and into the world!

  China Everbright Bank is solely owned by the Wu family, and there is no pressure on funds;

  The working capital of the Wu family has reached tens of billions of dollars;

  The major banks in the United States are only a few billion dollars in value, but they will not sell to themselves!

  Andry suggested: “Standard Chartered Bank is a good choice. Although Standard Chartered Bank’s main business is in Asia, it has the right to issue banknotes in Hong Kong, and it can also enter the UK to conduct business with Standard Chartered Bank!”

  Standard Chartered Bank is one of the oldest banks in Hong Kong. Before the Bank of China obtained the right to issue notes in 1994, it was one of the two note-issuing banks in Hong Kong;

  Although Standard Chartered Bank is a British-owned bank, Hong Kong people already regard it as a Hong Kong bank and have a particularly cordial feeling.

  However, Bao Yugang uploaded a somersault on Standard Chartered in his previous life, and Wu Guangyao has never thought about getting involved in Standard Chartered Bank;

In the previous life, in 1986, British Rice Bank initiated a hostile takeover of Standard Chartered Bank. In the face of threats from the United Kingdom, Hong Kong businessmen led by Bao Yugang acted as the "white knight" and bought shares in Standard Chartered Bank to assist Standard Chartered in resisting Rice. Bank acquisition

   But when the enemy of Les Bank gave up, Bao Yugang’s dream of becoming a bank came to an abrupt end;

   Although Bao Yugang is the absolute majority shareholder of Standard Chartered Bank (15% of the shares), Standard Chartered Bank has long been run by the British.

  Bao Yugang and others can't even exercise the rights of shareholders (directors), let alone the rights of major shareholders!

  Finally, the story of ‘Farmer and Snake’ was staged, and Bao Yugang had no choice but to sell the shares of Standard Chartered Bank;

  The defeat of Standard Chartered Bank has become another point of failure for Bao Yugang following the defeat of Dragonair!

  Wu Guangyao is a little worried, will he suffer a defeat on Standard Chartered Bank?

  Banks are different from Hutchison Bank. The bank relies heavily on the original management team;

  Suppose that a group of British managers of Hutchison Holdings did not listen to Wu Guangyao's command;

  Wu Guangyao can be completely dismissed, anyway, what he values ​​most is the land;

  But if the British management of Standard Chartered Bank is unwilling to follow Wu Guangyao's instructions, the entire bank may be paralyzed;

  And the bank itself does not have too many fixed assets, the invisible assets are bigger!

  Of course, these words can’t be said, otherwise it will damage one's wiseness;

   Then try it!

"Well, Standard Chartered Bank is good, but you should pay attention to that, like Standard Chartered Bank has a long history, the shares will be extremely scattered, their management is basically the upper body of the boss, and they are very resistant to foreign acquirers! We must be psychologically prepared, So as not to cause unnecessary losses in the end!"

  Andri nodded and said, “We can try to enter the board of directors of Standard Chartered Bank first, and after we find out the situation, we can initiate an acquisition!”

  This method is good!

   "Do as you say!"

  The best way to acquire listed banks is to maintain their listed status. This will not only benefit the development of the bank, but also spend less money;

  After all, Everbright Bank just wants a dominant power, or a regional ally, to facilitate future financial transactions.

  Wu Guangyao said to Morse: “The family office organizes an elite team to investigate the overseas banking industry and select our goals!”

  Compared with the human resources of Everbright Bank, ‘Guangyao Family Office’ is enough to throw him a few blocks away;

  Don’t look at the ‘Guangyao Family Office’ with a total of 206 employees, but basically every one of these 206 employees are top talents, and most of them can even go to Wu Guangyao’s companies to be qualified executives!

  The ‘Guangyao Family Office’ is equivalent to a ‘Wolong and Phoenix Young’ ‘Intelligence Mission’ of a company under the Wu family. If any problems are found, or if there are any good opinions, they will directly communicate with the senior executives of these companies;

  The most important thing is that Wu Guangyao has decided: ‘Guangyao Family Office’ will hold shares in all companies of the Wu family, generally around 5% to 20%, and serve as a director;

  In this way, even if Wu Guangyao is gone, the family office will closely link the Wu family members together.

  Morse nodded and said: "Well, I will organize a team as soon as possible! At that time, the two parties will cooperate to expand the financial industry of the Wu family."

   Morse added: “If we had a bank abroad, like the time we acquired Disney, we wouldn’t let Citibank earn so much!”

  After hearing Morse’s words, Wu Guangyao was also in pain for a few seconds;

  Light interest is 500 million US dollars. How many canaries do you have to raise!

  However, Citibank also played a big role in the acquisition, and the money spent is very worth it!

  (End of this chapter)