The Wealth Empire Crossing the Hong Kong

Chapter 207 Yongan joins
To be honest, there are basically no major financial problems for these banks at present, especially today when housing prices in Xiangjiang are improving.

The main reason why these small and medium-sized banks have problems is that the loan ratio is relatively high. In addition, there is no support. It is normal for large-scale runs to cause a breakdown in funds.

It can only be said that these banks were unlucky and suffered from this accidental event, and some forces contributed to the flames, causing them to suffer huge losses.

That night, Li Jianhui's family welcomed a guest, Guo Zhiquan, chairman of the board of directors of Wing On Group.

This Guo family is also a well-known Chinese family in Xiangjiang. It started a business in Xiangjiang at the beginning of the century. It has been passed down to the third generation. It owns two major industries: Wing On Bank and Wing On Department Store, as well as investment in real estate.

Although the price war between Lane Crawford, Watsons and Wellcome caused countless small and medium retailers to withdraw from the Xiangjiang retail department store market, there are still a few well-funded ones that survived, such as Xibanwu under Hang Lung and Wing On Department Store under Wing On Group.

Although they have only a few stores, they are all self-owned and do not need to consider rent. They have a natural advantage in cost, so they are not afraid of price war competition at all.

In this regard, although Tesco Group has many stores, most of them are rented houses, and the self-ownership rate is quite low. The cost really cannot be compared with Wing On Department Store.

It's not clear what's going on with the Guo family this time. The five consortiums and one family were not relied on, which also led to the fact that Wing On Bank did not have a large force to support it when it faced a crisis.

Guo Zhiquan, who had entered the study with Li Jianhui, said as soon as he sat down, "Li Sheng, I also hope that you can lend a helping hand to help Yongan Bank overcome this difficulty."

Looking at the worried Guo Zhiquan, Li Jianhui was also quite helpless in his heart. The overall situation has been laid, so how could he destroy himself at this time.

Since the Guo family is unwilling to choose sides, they have to bear the consequences. Although he is rich, he will never help outsiders for no reason, and Yongan Group also competes with him.

Li Jianhui said: "Guo Sheng, you are also aware of the current situation. The first bank to suffer a run is my bank, and you also know that the investment in various projects under my subsidiary is very large. It has been barely maintained these days. We don’t need any extra funds to help Yong’an.”

Of course, Guo Zhiquan didn't believe what Li Jianhui said. He also announced this morning that he would use two billion Hong Kong dollars to increase his holdings in several major listed companies. How could he have no money.

He also knew that it was impossible for Li Jianhui to help Yongan Bank like this, and he never thought that he could get Li Jianhui's help so easily.

Before coming, he had already discussed with the family members. If they wanted to ensure that the Guo family would not be swept out, they could only choose one side to join.

Although the United Consortium is powerful, but there are Xiangjiang British Capital, Xiangjiang Huazi, and Nanyang Capital in it, it is too complicated, and it is doubtful whether it can be closely united.

Although the Xianghua Consortium has a wide distribution of industries, most of its core members tend to the north, with a relatively clear position, which is not suitable for a business family like the Guo family.

The internal industries of Huaxin and Xinya are relatively single, and their comprehensive strength is relatively weak.

After comprehensive consideration, they set their target on the Donghua Consortium, which is a pure Xiangjiang Chinese-funded consortium, and it is the most powerful and potential consortium among several major Chinese-funded consortiums.

Its core figures have been rated as young leaders of the Hong Kong business community for two consecutive years, and their wealth ranks first among Chinese.

"Li Sheng, there is no problem with the operation of Yongan Bank itself. It is only because of this sudden incident that the bank's internal funds are in short supply. Our Yongan Bank is willing to take out 40% of the shares for financing. I wonder if Xinjian Group is willing to lend a helping hand. ?”

The 40% stake obviously did not meet Li Jianhui's expectations. What he wanted was not to invest in a bank.

He didn't go around in circles with Guo Zhiquan, and said directly: "I believe that Guo Sheng is aware of the current situation. At present, not only Donghua, Lianhe, Huaxin, Xianghua, and Xinya are all sharpening their knives and preparing to take this opportunity, through the acquisition, Form a large financial group as its core industry.

Guo Sheng came to me today, and I believe he has a decision in his heart. I will just say my thoughts. Wing On Bank will raise 60% of the shares, and Xinjian Bank, Daoheng Bank, and Bank of East Asia will each hold 20%. shares of the three major banks.

Wing On Group will also be a member of Tung Wah Club in the future. Everyone will benefit from each other and compete together in the face of external competition. How does Guo Sheng feel? "

In other words, the Guo family is indeed valuable, otherwise Li Jianhui would not have agreed to this visit today.

Now that the business situation in Xiangjiang is roughly formed, all parties hope to have more high-quality allies to join in order to strengthen their own strength.

The Yongan Guo family is just a relatively high-quality ally. If Li Jianhui chooses to refuse to accept this person to join the East China Association, then it is very likely that this person will enter the Huaxin Association or the New Asia Association tomorrow.

Guo Zhiquan has long been aware of some internal regulations of the Donghua Consortium. Many industries require cross-holding. This is the biggest difference from other major consortiums, and it also leads to a closer connection and unity within the Donghua Consortium.

Although he personally lost 60% of his shares, Wing On Bank has more shares in the three major banks of Xinjian, Daoheng, and East Asia. Before the Donghua Consortium, the three banks held shares with each other, and now the four banks hold shares with each other .

Although Wing On Bank has a market value of 56 billion for Bank of East Asia, Dao Heng Bank for 43 billion, and Xinjian Bank for about 20 billion, the market value of less than 3 million is very weak.

But after tomorrow, the market value of Wing On Bank will soar rapidly.

He readily accepted Li Jianhui's request. To be honest, he didn't expect Li Jianhui to be so easy-going. He thought he would pay a huge price to let Li Jianhui accept him into the Donghua Consortium and help Wing On Bank through this time. difficulties.

Perhaps it was true as rumored, Li Jianhui never intended to specifically target the Chinese-funded families, but mutual benefit and win-win with the major Chinese-funded families was his original intention.

Thinking about it carefully, those Huazi families targeted by Li Jianhui first troubled Li Jianhui, which caused Li Jianhui to fight back.

And the families who cooperated with Li Jianhui all have skyrocketed in value, such as Li Guobao, Lei Juekun, Feng Jingyao and so on.

Seeing that Guo Zhiquan agreed, Li Jianhui said happily, "It's late today. Tomorrow at [-] o'clock in the evening, I will be the host of the Xinhui Hotel and hold a welcome banquet for Guo Sheng. All members of the Donghua Club will attend."

"Sheng Li will call me by my first name from now on. I will be there on time tomorrow night."

Guo Zhiquan did not rush to invite him for this matter, Li Jianhui came to invite him on behalf of the person involved in the conversation in Donghua.

Now that the other party has chosen to join the Donghua Club, Li Jianhui is no longer so polite. Calling Guo Sheng is indeed too distant. Of course, he did not ask Guo Zhiquan to call himself Li Sheng, but also let him call him by his name.

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(End of this chapter)