The Wealth Empire Crossing the Hong Kong

Chapter 322

In the office of the president of Xinjian Group in Wheelock Building, Peng Kezhi, the president of Xinjian Bank, stood in fear opposite Li Jianhui. Even though the indoor temperature was less than 25 degrees, he felt his body was sweating.

On the eve of the Spring Festival, many people in Jiayi Group were dismissed or even prosecuted. The leaders of their brother companies are very grateful that no problems have been found in the companies they manage.

Unexpectedly, in less than two months, Xinjian Bank was exposed to major problems, and these problems were emphasized by Li Jianhui many times in meetings.

He did not expect that many employees of the Tseung Kwan O branch, headed by the manager, would dare to violate the regulations set by Li Jianhui and the bank and give loans to speculators for multiple houses at the same time.

And this is not just one or two cases. According to the current investigation, there are [-] real estate speculators who took out loans in Tseung Kwan O, and many of them are relatives of Tseung Kwan O branch employees, including the brother and brother-in-law of the Tseung Kwan O branch manager.

The discovery of this problem this time does not mean that this group of people has no funds to repay last month’s payment. The main reason is that the intelligence personnel of the Xiangjiang Division of the Political and Economic Research Office accidentally discovered this situation and reported the legendary Tseung Kwan O real estate speculators group and related information Arrived at headquarters.

After Li Jianhui saw it, he asked the review office to arrange a special review team to conduct a comprehensive review of Xinjian Bank's Tseung Kwan O branch, focusing on the branch's loan business, especially the housing mortgage loan business.

I don’t know if I don’t check it. It’s shocking to check the situation here. Li Jianhui emphasized at the beginning of last year that in order to prevent the possible collapse of housing prices in the future, banks can only provide mortgage loans to individuals and family members for the first house. Anyone who buys a second house And above individuals and families, Xinjian Bank will not accept this business.

The Tseung Kwan O branch obviously did not implement this requirement, and the branch management and employees made a lot of manipulations on the lender's information in order to cope with the review of the head office.

If it weren't for the news reported by the intelligence personnel, if they went to check suddenly, they might not be able to find out what the problem was.

In the dark, the real estate speculators used multiple houses to mortgage loans at the same time. The least person in the house also owned five houses, and the brother with the most houses was the branch manager's brother, who held a full [-] houses.

To say that these people are also smart, they are very clear about the future of housing prices in Tseung Kwan O. None of them are short-term investments. They did not enter a community like many real estate speculators, raised the housing prices of the community, and then quickly cashed out.

These people are heavily invested in Zixinyuan, a high-quality community developed by Hutchison Real Estate. Although this community is still under construction, this does not prevent this group of real estate speculators from being optimistic about it.

Many people even sold their extra houses and invested in it with full capital. Among them, [-] of the [-] houses in the hands of the manager's brother-in-law are here.

Everyone dreams that after the Tseung Kwan O business district is put into use, the house price of Zixinyuan will soar to sky-high prices.

However, the reality is very cruel. On one side is the Tiu Keng Leng development plan of Xinjian Group, which will be the wealthy district of Tseung Kwan O in the future.

The other is the situation in Xiangjiang. Now the housing prices have begun to turn down. Although the price reduction is not large, it has already shown bad signs.

These people want to save their capital and get rid of the set, I'm afraid it will be impossible in three to five years.

The worst thing is that Zixinyuan is still under construction, and it is impossible for them to sell it. No one knows where the house price will fall by the end of the year.

As a businessman, Li Jianhui personally has no opinion on real estate speculators. After all, whether it is Tianshui City, Huihong City or Whampoa Garden, if it were not for these real estate speculators, the funds would not return so quickly.

But as a bank owner, he has to guard against the thunderstorms of these real estate speculators. Once the house price plummets, these people will inevitably die in it, and the bank will suffer huge losses as a result.

Therefore, he just controls his own bank not to provide funds to the real estate speculators to produce houses, and he maintains a warm welcome attitude towards those real estate speculators who come to buy houses under his development projects.

Looking at Peng Kezhi who was standing opposite, Li Jianhui said with a bit of resentment: "You are also a senior practitioner in the banking industry, and you were the deputy general manager of the Bank of East Asia before you came to Xinjian Bank.

I specifically asked Li Guobao to ask you to come here because I value your ability and believe that you can manage Xinjian Bank well.

In order to give you enough autonomy, Xinjian Bank has become an independent company and is not under the jurisdiction of the senior management of Xinjian Group. I personally seldom interfere or ask about the affairs of the bank.

I am very disappointed by the Tseung Kwan O branch incident. Since the beginning of last year, I have told you many times in high-level meetings that the bank must strictly review the loan business related to real estate, improve the loan standards of our bank, and strictly prohibit the flow of funds to real estate speculators.

As a result, the Tseung Kwan O branch had such a big problem. What about the Shui Wai branch, Sai Kung, Tai Po, Kowloon and other branches that day?
Have you ever wondered how much we're going to lose if house prices crash and these people can't pay their loans. "

Facing Li Jianhui's questioning, Peng Kezhi didn't have the confidence to refute at all. He knew exactly how much autonomy Li Jianhui gave him.

To put it bluntly, in the entire Xiangjiang, except for Jardine Matheson and HSBC, there is no professional manager under any of its subsidiaries that has the independent strength of the Xinjian Department.

At present, Heung Kong's Chinese-funded enterprises are mainly family-owned, and the main position is firmly held by the founding family members of the enterprise. There is no such thing as a professional manager at all.

Shen Bi, Niu Bijian, Wei Li, etc. rely on their status as professional managers to be able to sit on an equal footing with the helm of the major families in Xiangjiang, and they are definitely the idols of Xiangjiang's workers.

The reason why many excellent talents are willing to work under the Xinjian Department is that compared with traditional Chinese family businesses, most of the companies under the Xinjian Department are in charge of professional managers. Li Jianhui will not interfere too much, especially when they go public. company.

For example, Lane Crawford, Jiayi Group, Watsons, Xinjian Bank, etc., at most, Li Jianhui formulates a big development strategy, and how to develop it is a matter for the top management of the company.

The professional managers of other companies are deeply afraid that the boss will interfere with the company's development, but many companies in the Xinjian Department deliberately ask Li Jianhui to intervene when planning development.

They are well aware of their boss's strategic vision, and with Li Jianhui's guidance, the development of the enterprise can avoid many detours.

It's just that the boss is getting lazy now, and I don't know if it's because of having a child. My boss now spends a lot more time at home than in previous years. He used to rest on Sundays at most, but now he rarely comes to the company on Saturdays.

Enterprises that are on the right track have rarely seen him. Even in the past, Jiayi Group's film and television songs are gone this year. What blockbuster movies will be released this summer will be determined by Jiayi Group itself.

In addition to the Wheelock Building, Li Jianhui can be seen the most now in the two major groups of Huaxin Technology and Phoenix Technology.

(End of this chapter)