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- China Merchants Bank's strength in the Pearl River Delta, Hong Kong and Macau is indeed deeply rooted. ¡¶
The day after Yu Minwei returned, the Wu family, the largest shareholder of Wing Lung Bank, issued an announcement that they sold 53.1% of their shares in Wing Lung Bank to China Merchants Bank for 17.6 billion at a premium of 18%.
In addition, the two major shareholders of Wing Lung Bank, YF Securities and Zhao Foundation, also sold their 12.1% and 7.6% shares respectively to China Merchants Bank at a premium of 18%.
So far, China Merchants Bank has owned 72.8% of the shares of Wing Lung Bank and has become the absolute controlling shareholder.
China Merchants Bank also announced at the same time that it would conduct a compulsory acquisition of the remaining shares of Wing Lung Bank to complete the complete privatization process.
As the largest private bank in Hong Kong, Wing Lung Bank is still very influential no matter how depressed it is.
Now that it was suddenly acquired by China Merchants Bank, the older Hong Kong people are all filled with emotion.
But before they had time to express their feelings, the following afternoon, Guoxin Bank, one of Hong Kong¡¯s private banks, issued another announcement.
The six largest private shareholders of Guoxin Bank are the Lu family, which holds 25% of the shares, the Huang family, which holds 23% of the shares, Tenglong Trading, which holds 8% of the shares, and HSBC Asset Management, which holds 6.8% of the shares. The Ministry of Finance, Hong Kong Kowloon Group, which holds 5.1% of the shares, and Yunfeng Fund, which holds 4% of the shares, all transferred their shares to a consortium led by China Merchants Bank, with a valuation of HK$21.6 billion.
According to the regulations of the Hong Kong Stock Exchange, if the listed shareholders exceed 5%, specific information must be released.
Therefore, in less than an hour, this mysterious consortium that controls 71.9% of the shares of China National Bank of Hong Kong surfaced.
Fairy Company!
Hearing this name, Hong Kong¡¯s stock market and business community were in an uproar.
Good guy!
It was not enough for Xiao Qi to spend a lot of money in the United States some time ago, so he came to Hong Kong. The banking industry has begun to stir up trouble again!
¡°But the sensation was a sensation, but no one was excited.
Because everyone knows Xiao Qi¡¯s character, he basically doesn¡¯t like to share wealth with others. Except for a few super large companies in the United States that can share wealth on Dreampad, no other company can enter the fairy series of companies. , share the wealth.
This time banks are such an important industry. Of course, Xiao Qi is even less likely to share it with small investors in Hong Kong.
Sure enough, before the Hong Kong Stock Exchange closed, Fairy Company entrusted China Merchants Bank to apply to privatize Guoxin Bank.
Although China Merchants Bank and Fairy Company, as well as the two major banks Wing Lung and Guoxin, have not reached the 75% requirement, the remaining shares are basically in the stock market and can be achieved with just a few acquisitions, so this number of shares can already be reached for privatization. standard.
It is the shareholders of Guoxin Bank who are disappointed.
They felt that if they knew it was Xiao Qi who wanted to buy it, the price would not be so cheap. It should be at least two levels more expensive.
¡°But China Merchants Bank¡¯s legal team and contract department have long been wary of this. The contract clearly stated the ¡°entrusted purchase¡± and the liquidated damages were set very high, so that they had no way to go back on their word.
Hong Kong is different from the Mainland. If they regret after signing a contract, they will not get support, so they can only "suck it up", take the money and leave.
What is also lost are Hong Kong stock investors.
They have not encountered high-quality listed companies listed in Hong Kong for many years. Suddenly they heard that Xiao Qi had purchased shares of Guoxin Bank. Originally, they wanted to buy shares of Guoxin Bank immediately to benefit from it. But in a blink of an eye, Xiao Qi announced the privatization of Guoxin Bank, which made many people scold him.
The staff of Guoxin Bank are happy.
??For Guoxin Bank, which has 15 branches, it was originally one of the second-rate banks in Hong Kong. On weekdays, it only relied on old customers to make a living. Deposits and loan business were their most important sources.
But even with more loans and deposits, Guoxin Bank¡¯s capital and reputation are really too low. So they basically don't make much money, and a return rate of about 10% a year is already pretty good.
Now that Xiao Qi is the boss, no one believes that Xiao Qi just bought a bank in Hong Kong.
In the future, Xiao Qi will definitely take Guoxin Bank to a higher level. He dare not say that he will fight against HSBC, Hang Seng, Bank of China, etc. in Hong Kong. But entering the mainland market is a sure thing.
Once they enter the mainland market, old employees like them will naturally benefit from the rising tide!
¡°However, it would be a joke if they think they can dominate the entire Guoxin Bank.
?Xiao Qi attaches great importance to Fairy Bank, which is about to be renamed.
In the next year, many commercial banks and investment banks in Europe and the United States will go bankrupt or be merged, so countless talents will lose their jobs. Xiao Qi entrusted several large headhunting companies to select some with good character and work ability. It's strong, and it's not difficult at all.
In addition to experienced foreign bank and investment banking personnel, Xiao Qi also needs some senior bankers who understand domestic policies.
What Xiao Qi is mainly interested in here happens to be the retiring president of China Merchants Bank - MCA.
The age of sixty-something, on Wall Street abroad, is considered the prime of life, far from retirement.
Due to national policies and regulations, MCA can no longer work at China Merchants Bank, but if he becomes the president of Fairy Bank and oversees the overall situation, there will be no problem at all if he works for another 10 years or so.
?? MCA is capable and has huge connections. With an old man like him in charge, Xiao Qi doesn¡¯t have to worry about whether he can integrate into the overall banking environment in China.
What Xiao Qi has to do now is to push Yu Minwei to take the position as soon as possible and let MCA take the initiative to retreat to the second line.
Once MCA takes a back seat, it is definitely not too difficult to persuade him to retire early, face new challenges, and control a bank with a bright future.
Ma Hualai is in charge of operations, and Xiao Qi finds him a talented deputy, which is both a kind of supervision of power and a kind of training. This is also a long-term solution.
And Xiao Qi already knew this candidate!
As for domestic sales staff, it¡¯s even simpler. There are too many domestic finance graduates, and there are too many front-line temporary workers in banks. With fairy-like treatment, I¡¯m afraid they won¡¯t be able to find countless elite talents. ?
Anyway, Xiao Qi¡¯s initial plan is only to open branches in prefecture-level cities and above, with the number generally not exceeding 50. By slowly developing and cultivating talents, Fairy Bank will definitely not want to become a big fat man in one bite. .
However, opening a bank is not that simple. Apart from personnel and connections, the most important thing is money.
Private banks are not state-owned banks, but they are definitely supervised by the People's Bank of China, and the supervision will even be stricter.
Not only are there a lot of required deposit reserves, interest rate reviews, accounting statements, quarterly reviews, etc., but the People's Bank of China will also tighten standards on loans and financial products and services.
Fortunately, Xiao Qi¡¯s plan is not to compete with commercial banks.
It only uses banks as its basic platform to facilitate its own third-party payment platforms, mobile payments, online financial products, etc., and has a substantial carrier.
With such a bank standing there, people will have more confidence in these financial services on the Internet, otherwise they will think it is a bit illusory and unrealistic.
Alibaba, Jingxi, Baidu and Penguin can only operate online in 2013. Xiao Qi has set up a physical bank a few years in advance. If he can't leave them far behind in development, it will be simply Extremely incompetent.
However, at this time, Niu Ruzheng called.
"What's going on with your bank?" Niu Ruzheng is very familiar with finance. "Are you planning to open it in the mainland? The template of Fairy Company is indeed the template of the six major consortiums of Samsung, LG and Japan. ?"
"You can't say that, but this is something that a consortium must have when it reaches a certain level." Xiao Qi had known that he would ask sooner or later, and he also had an answer in his mind: "Uncle Niu, not only Korea and Japan, but also foreign countries The consortium is also supported by banks, so their development is different, right? They won¡¯t suppress me just because I acquired the bank, right?¡±
"Who wants to suppress you?" Niu Ru just said with a smile: "I just want you to pay attention to one thing. The banking industry in China is very cautious. If you step in, you don't know what the consequences will be!"
"Don't worry, I won't compete with them for their deposit business and loan business." Xiao Qi said with a smile, "You know I am engaged in online finance, whether it is an e-commerce platform or something I plan to do Mobile payment platform is the direction of my efforts.¡±
Xiao Qi has often talked to Niu Ruzheng about online commerce before, not only third-party payment, mobile payment, etc., but also b2c, b2b, c2c, etc. Niu Ruzheng knows all about it.
But of course Niu Ruzheng didn¡¯t know how big the future of online financial management would be. Hearing Xiao Qi say that he would not compete in the bank¡¯s main business, he felt more at ease.
He naturally wants to help Xiao Qi, sinceQi Qi said that he would not move the traditional big cake of the bank, so it would naturally be easier to handle.
¡°After all, there is a precedent for Hong Kong banks to come to the mainland to handle business.
Even though Fairy Bank is Xiao Qi¡¯s property, it is registered and operated in Hong Kong. If it prevents them from entering the mainland, it would be very inconsistent with the country¡¯s overall policy.
¡° In this way, Niu Ruzheng is helping to deal with it, and Xiao Qi¡¯s bank can at least develop smoothly in the mainland.
What's more, Niu Ruzheng also wants to see how far the online business Xiao Qi mentioned can be achieved!
If done well, it will naturally be a good thing for the country and ordinary people! (To be continued) - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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