The Wealth Empire Crossing the Hong Kong

Chapter 608 Bank Merger
Aodong Trading Group stopped buying industrial products from Warsaw Pact member countries due to pressure. The citizens of Xiangjiang did not know, but a news from the Far East Exchange made the Hong Kong media lively.

According to the announcement of the Far East Exchange, because Ka Wah Bank and Union Bank will merge, the trading of the two banks will be temporarily suspended, and trading will resume after the merger of the two banks.

These two banks are not ordinary people, they are both among the top ten local banks in Hong Kong. Now the merger of the two banks will definitely disrupt the current structure of local banks in Xiangjiang.

Although HSBC Bank has a lot of scandals recently, it is still the largest local bank in Hong Kong by market value. Xinjian, East Asia, and Daoheng ranked second, third, and fourth, Sun Hung Kai ranked fifth, and Far East Bank ranked sixth. The seventh and eighth are Ka Wah and Youlian, the ninth is Wing On Bank, and the tenth is Nanjiang Bank (formerly Xianghua Bank), which has recently returned to blood.

As for Hang Seng Bank, controlled by the Rose Consortium, ranked eleventh, Xingchuang Bank, controlled by Lanfeng Holdings, ranked twelfth, and Hang Lung Bank, controlled by Mitsui, ranked thirteenth, Xiangjiang Asian Commercial Bank Ranked [-]th, Bank of China Holdings Dean Bank ranked [-]th, and Nanyang Consortium Holdings Guangqing Bank ranked [-]th.

These [-] major banks are also major local banks in Hong Kong, and the other banking institutions are basically branches of banks from all over the country in Hong Kong.

This time the two merged, the [-]th largest local banks will become the [-]th largest, and the merger of the two will directly break into the top five. Sun Hung Kai is likely to be squeezed out. At that time, the five largest local banks in Xiangjiang, except HSBC, All belong to the East China Society.

Within the Xinjian Department, there were not many opinions on the merger of the two major banks, but after the merger, there was a dispute between Yuntao Holdings and Xingsha Holdings' top management.

In the meeting room of the Wheelock Building, looking at the senior management of the two major groups present, Li Jianhui said: "The merger of the two major banks is an integration of our industrial resources and reduces our management costs.

After the merger of Union Bank and Ka Wah Bank, the name Ka Wah was still used. The two of you are only shareholders of this bank. This bank is an independent company with a [-]-level structure. be governed by any holding group.

The current general manager of Ka Wah Bank was transferred to Vienna as the president of West China Bank, and the general manager of Union Bank was transferred to Perth as the president of Lippe Bank.

As for the position of chairman of the board of directors of Ka Wah Bank after the merger, Du Ningxue will take up the position of bank president. "

Liu Xiaoyan and Shi Shaoming did not expect that Li Jianhui would directly classify the merged bank as an independent company, which made them feel like losing their wives and losing their troops.

Before the merger, although the two banks were only in the twelve-level structure, they belonged to their holding group anyway, and their market value was close to tens of billions of Hong Kong dollars. Even Nanjiang Bank was left behind by them.

Liu Xiaoyan, who was somewhat unwilling, said: "Li Sheng, at present, there is no precedent for the major banks in our Xinjian department to become an independent company. I think it is more conducive to the development of Ka Wah Bank to be placed under our Yuntao Holdings. .

Moreover, Ningxue's current position is the vice chairman of the board of directors and executive vice president of Lipu Holding Group, so it would be unfair to transfer her back to her position.

Letting her serve as the vice chairman of the board of directors of our Yuntao Holdings Group, the executive vice president and the president of Ka Wah Bank can avoid the suspicion of her being demoted, and she can also assist me in the Greater China region of our Xinjian Department if she works in Yuntao Holdings thing. "

Shi Shaoming quit after hearing this, and also said that Ka Wah Bank belongs to Xingsha Holdings. Since the name of Ka Wah is still used after the merger, then this bank should be managed by Xingsha Holdings.

Moreover, unlike Yuntao Holdings, which has a vice chairman of the board of directors and executive vice president of the group, Xingsha Holdings' position has been vacant, and Du Ningxue can directly take up this position after being transferred back.

"Stop arguing between the two of you. Our Xinjian Department controls an absolute controlling enterprise. As an independent company, only Huaxin, Huahong, Phoenix, Donghua Communications and Xiangjiang Energy currently exist.

The status of each of these companies is very important in our Xinjian Department, and its president status is no lower than that of the vice chairman of the board of directors of these holding groups.

Du Ningxue is the chairman of the board of directors of Ka Wah Bank and the president of the bank. There is no such thing as an unequal position.

Moreover, in charge of Ka Wah Bank, there is no pressure from the president of the holding group, so she has more autonomy.

As for your two major holding groups, the main energy is still to focus on making the major industries bigger and stronger.

You must know that the industrial strength of your two groups is not low. Yuntao Holdings owns Xiangjiang Airlines, Jade Lion Group, Traditional Chinese Medicine Group, and Amoy Group.

Xingsha also has Hongyu Clothing, Jingyi Electric, Jiayi Film and Television, and Jiayi Culture Media. "

Liu Xiaoyan and Shi Shaoming are naturally aware of the strength of the companies they own, but no one thinks that they manage too many industries.

As a senior executive of Xiangjiang, he has always been obsessed with the two industries. Seeing that the bank was out of business, he immediately turned to the real estate side.

The reason is also quite sufficient, that is, the real estate market in Japan and ASEAN is rapidly heating up, and Yuntao Holdings and Xingsha Holdings can definitely get a share of it.

In this regard, Li Jianhui naturally vetoed it without hesitation. He has enough real estate companies under his control, and he will never let every holding group establish a real estate group.

"I know that you also hope that the group can obtain higher profits, but we can't all think about making quick money, or our Xinjian department may suddenly collapse.

I also hope that you can devote yourself to the development of the current industry and make the main business more refined and stronger, instead of blindly pursuing the hugeness of the industry.

For example, Huaying Holdings has only one heavy asset, that is Huihong Group, but there are several holding groups whose total market value is comparable to Huaying Holdings. "

They can only say nothing about this. There is only one example of Huihong Group. Even the retail department stores that have developed rapidly in the past two years can hardly match it. Even Crawford is powerful enough, and its market value is not as high as Huihong Group two-thirds of.

Fortunately, the strength of several major companies under Wheelock Holdings is indeed strong, and the combined market value can suppress Huihong Group. Whether it is Yuntao, Xingsha, or even Huangpu Holdings, the combined market value of their listed companies cannot compare with Huihong Group. group.

Li Jianhui also did not give Liu Xiaoyan and others the opportunity to continue to defend the matter, and directly asked the two to properly handle the merger of the two banks, and at the same time make reasonable arrangements for the management of the two banks.

The management that is not easy to arrange is directly reported to the assistant office, and Li Jianhui will make a reasonable arrangement at that time.

At the same time, Liu Xiaoyan was asked to seize the time to prepare for going to the north, and to ensure the development of the Donghuahui industry in the northern market as much as possible.

At the same time, Shi Shaoming was also asked to lead a team to visit ASEAN with Ye Jiexin, President of Jiayi Culture Media Group, Liu Qiulin, President of Hongyu Apparel Group, Xu Zhichao, President of Jingyi Electric Appliance Group, and some senior executives of Xingsha Holdings.

At the same time, Wei Li will also lead the CEOs of Fortune Land, Lane Crawford, Watsons, E-Go Appliances, IKEA Convenience Store, E-Shopping Logistics, and some senior executives of the group to Canada and Australia to inspect the two major British Commonwealth markets.

Chen Huiya will lead the presidents of Hutchison Land, Whampoa Shipping, Whampoa Steel, Jinhong Jewelry, Debao Trading Company, and some senior executives of the group to visit the Japanese and Korean markets in Baodao.

This is also the largest market inspection activity of the Xinjian Department this year, and it is also a response to the events of the previous few days.

(End of this chapter)