The Wealth Empire Crossing the Hong Kong

Chapter 242 Executive Officer

At present, there are as many as a dozen groups and independent companies belonging to the Xinjian Department, as many as hundreds of subsidiaries, and more than [-] people at the [-]th level and above.

E-buy Group, in particular, is not only a Tier [-] company itself, but its subsidiaries Lane Crawford and Watsons are also Tier [-] companies. Xinjian is a group with the most senior executives.

In this regard, it is different from Wheelock Holdings. Although it has two major groups, i.com and Wheelock Land, as well as multiple subsidiaries, the first two are considered independent companies. Wheelock Holdings is only a controlling shareholder and generally does not participate in specific management. The purchase group has to directly manage several major companies under its umbrella.

In the Xinjian Department, the general group-level enterprises have a fourteen-level management system, independent companies generally have a twelve-level management system, and subsidiaries generally have a ten-level management system. If the strength of independent companies and subsidiaries is relatively small, it may even be only Eight-level or six-level management system.

However, there are also some relatively strong independent companies and subsidiaries, which may have a [-]-level or [-]-level management system.

Subsidiaries like Lane Crawford and Watsons should generally have a ten-level management system, but these two companies are strong enough and their market value far exceeds that of some groups, so they naturally have a fourteen-level management system.

For example, Jingyi Electric Appliance Company, which is wholly-owned by Li Jianhui, is on the same level as the group because of its strong strength. It directly has a [-]-level management system and will become a group company with multiple subsidiaries at any time in the future.

Originally, Xinjian Group should have the most high-level executives, but Li Jianhui directly classified Xinjian Real Estate, Xiangjiang Airlines, and Xinjian Bank as independent companies. The senior management of Xinjian Group generally does not care about the affairs of the three major companies.

Therefore, although Xinjian Group wholly owns Xinjian Real Estate, and controls Xiangjiang Airlines and Xinjian Bank, these two companies are similar to Wheelock Land and Hutchison Land.

Li Jianhui's implementation of this system is also equivalent to the implementation of a professional manager management system. Each company's senior management is responsible, and he is equivalent to an investor.

Now that the Xinjian department is so huge, if he manages everything, he will be too exhausted to manage it.

The major conglomerates in Japan have done a good job in this regard. Whether it is Mitsui's Futaki Club or Mitsubishi's Jinyao Club, they are all the focus of Li Jianhui's study.

Large conglomerates such as Mitsui and Mitsubishi also have internal consultation meetings, such as the Ermuhui. On the second Thursday of every month, the presidents of various companies under Mitsui will gather for a meeting to study the development strategy and direction of the consortium.

Both the Mitsui Foundation and the Mitsubishi Foundation have said that there are three core industries, and the presidents of these three companies are also the core of the consortium. The development planning and major decisions of the consortium are made by these three.

Li Jianhui is also considering that the Xinjian Department should also form a similar mechanism, so as to benefit the long-term development of the Xinjian Department.

But in terms of core, he is not the three major carriages, but five carriages composed of Xinjian Group, Huihong Group, Wheelock Holdings, Huangpu Holdings, and Jiayi Group.

Although Jiayi Group is still far behind these groups, its future potential will not be much lower than these groups.

Li Jianhui's plan is to build Jiayi Group into a comprehensive film and television media group, which includes film, television, music, theaters, newspapers, novels, comics, publishing, and distribution.

After the advent of the Internet era, portals, video software, novel websites, music websites, live broadcast websites, short videos, etc., are all industries that Jiayi Group has entered.

There are not only companies established by themselves, but also holding shares like Golden Princess Cinemas. When compared with Whampoa Holdings and Wheelock Holdings, it is hard to say who is stronger and who is weaker.

For this reason, at today's meeting, Li Jianhui proposed a new position, that is, executive officer.

This executive is not the executive of a certain group, but the executive of the Xinjian Department. He has the authority to handle the affairs of the entire Xinjian Department and is Li Jianhui's best assistant.

The reason why this is established today is also a practical need. In the face of the joint suppression by Mitsui and Mitsubishi, all companies in the Xinjian Department must be closely united, so that they can continue to grow and develop under this suppression.

When Li Jianhui proposed this position, the high-level executives present couldn't help being a little excited, especially the presidents of the major groups. The temptation to have the right to manage the entire Xinjian department was too great for them.

Although there is no clear valuation for the total market capitalization of the Xinjian Department, there is still a combined market capitalization of [-] billion Hong Kong dollars for each company.

Although this cannot be compared with a giant with a market value of more than [-] billion US dollars like IBM, it is already a very terrifying existence for Xiangjiang.

It's a pity that Li Jian only appointed three executive officers for the first time. Huihong Group Chairman Huang Guangxing became the CEO, and the other two were Wei Li and Li Zaiwei.

Originally, Clay Johnson, chairman of the board of directors of Huangpu Holdings, was also suitable to join the executive team, but at present, it is difficult for the Chinese presidents of other groups in the Xinjian Department to support the sky. Li Jianhui has not set up five for the time being, and Johnson can only wait. Second chance.

Becoming an executive team does not mean that they stay in Hong Kong. Except for the CEO, the other two will go to the main market to lead the expansion of Xinjian's industry in the local market.

Among them, Li Zaiwei will go to Kuala Lumpur to replace Walker Horford and be in charge of the Xinjian Department's Southeast Asian market.

Wei Li's task is even heavier. He will go to Tokyo to be responsible for the development of Xinjian's industry in the Japanese market.

This is a direct confrontation with several major consortiums in Japan. Thinking about it now, Li Jianhui thinks that Wei Li may be able to lead the Xinjian industry to grow and develop in such an environment.

Thinking about the Hutchison Whampoa in the past, Wei Li insisted on being brought out of the deep mire. Li Jianhui also hoped that Wei Li could bring miracles to the Xinjian Department in the Japanese market.

As for Walker Horford, he will go to Taipei to be responsible for the development of the Xinjian Department's industry in Taiwan.

At present, this is also the main market of the Xinjian Department. Although the North American market is huge, at present, the Xinjian Department is selling games there. For the entire Xinjian Department, it is far from being able to compete with Southeast Asia, Taiwan and Japan compared to.

At the meeting, Li Jianhui specifically asked: "The branches of our major groups in various places must cooperate well with the arrangements of the executive officer or the person in charge of the local unified, united and common development.

I don’t want to hear some company management go their own way, thinking that our executive officer or local person in charge will not listen to the arrangement if he is not his direct boss. Once such a thing happens, if your company headquarters does not deal with the person involved, I will suggest the board of directors to deal with it you. "

Regarding the company's board of directors, some high-level executives can guess what the situation is. Compared with many listed companies, their board of directors is almost a decoration.

In general, if there is no board meeting, even if there is a meeting, as long as the president proposes a plan, there will be no objection. This may be so strange in Xiangjiang, which is a listed company of the Xinjian Department.

If it is said that these shareholders are all Li Jianhui's trumpets, they will not question it, even if they are allies, it is impossible that they will not have any opinions.

Looking at the targeted financing or additional issuance of these companies, none of these shareholder representatives objected, and they didn't even raise an opinion on the price.

Fortunately, the outside world does not know what is going on with the boards of directors of each of their listed companies, otherwise, the media may have already reported suspicious reports all over the sky.

So much so that Li Jianhui's suggestion that the board of directors deal with them is very lethal. Regardless of their high positions, once Li Jianhui wants to move them, the directors of the board of directors will all support Li Jianhui's decision.

……

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(End of this chapter)