Reborn in Hong Kong as a Tycoon

Chapter 264 Bank
On Saturday morning, Lin Baicheng met two people at home.

One of them was Liao Siren, an assistant that Lin Baicheng had just confirmed a while ago. He was 32 years old this year.This person was not recruited by Lin Baicheng from a headhunter, but a talent promoted from Hutchison Whampoa. He was originally a middle-level administrator of Hutchison Whampoa.

Of course, Liao Siren would not refuse to be the chairman's assistant.What's more, he clearly knows that Cheng Yufeng, the vice president of Hutchison Whampoa, has been his boss's assistant before.

As for the other person, Lin Baicheng hired him through headhunting. His name is Xiang Ping. He is 46 years old this year. He worked in Hang Seng Bank before and was one of the executives of Hang Seng Bank.

These two people came to report to Lin Baicheng today.

Lin Baicheng took Xiang Ping and Liao Siren to the study.

Lin Baicheng said: "You guys report first."

It was Xiang Ping who made the report aloud, and he said: "After thorough investigation, we screened out three banks. All three banks are in trouble. If you buy it, Mr. Lin, you can get 100% control. It's a pity the economic crisis In the past few years, most of the banks that have survived have improved, so Mr. Lin, if you want to acquire a 100% controlling stake in a bank, your options are extremely limited."

Liao Siren immediately said: "These three banks are all small banks. According to preliminary estimates, they can be fully acquired with a total of about 5000 million Hong Kong dollars."

Lin Baicheng nodded after listening, and asked Xiang Ping: "Will the acquisition of these three banks help to establish my own bank?"

"Acquisitions are still necessary."

Xiang Ping nodded and said: "As I have always told you, Mr. Lin, it doesn't matter how many deposits and depositors the acquired bank has, what matters is the bank's employees. Bank jobs are not for everyone. When it comes to the establishment of some banks, not to mention licensing and other procedures, just recruiting staff is not an easy task. Even if a sufficient number of bank staff can be recruited, it will take time and will slow down the bank’s expansion.”

"It's worth the money for the time."

Lin Baicheng nodded in agreement when he heard the words, and immediately said: "In this case, then you should form a team and start acquisition negotiations with these three banks."

"Yes, Mr. Lin!"

Xiang Ping and Liao Siren responded at the same time.

Establishing his own bank is what Lin Baicheng will definitely do, and this kind of matter should be done sooner rather than later. After all, banks need time to develop, and it is impossible to become a big bank as soon as they are acquired.

If he really wants to buy a big bank directly, Qian Linbaicheng has it, but he doesn't want to be taken advantage of, and if he doesn't pay a very high premium, how can they give up the control to him.Even so, the stakes in big banks are often spread out, and he may not be able to get 100% of the controlling interest.

For this bank that belongs to him, Lin Baicheng must obtain 100% of the controlling shares. Only in this way will he not be known to others about some operations he will pass through the bank in the future.And if there are other shareholders, no matter how many shares the shareholder owns, some things cannot be hidden from this shareholder. After all, even if they do not have management rights, they still have the right to know. This is the right given to shareholders by law.

There are many advantages to owning your own bank.For example, if you have your own money stored in your own bank, there will be no problems. Things like investing in gold futures will not be known to others. If you have enough funds to lend to others, you can make contacts, and many other benefits.

Lin Baicheng said to Xiang Ping: "Manager Xiang, how long will it take you to complete the reorganization of these three banks after acquiring the bank?"

Xiang Ping pondered and said, "It will take at least a month or two to sort out the interior and complete the reorganization."

Lin Baicheng listened and said: "It is already late August. I want you to complete the bank reorganization before the year, merge the three banks into one, and prepare for expansion in the coming year."

"That's no problem."

Xiang Ping responded immediately, at least three or four months, he is still confident in doing this.

Lin Baicheng: "Before the bank completes the reorganization, I will not let the business of the company under my name connect with the bank, nor will I inject too much capital into the bank. Your task is to complete the reorganization of the bank and give me a brand new bank. .”

"Don't worry, Mr. Lin, I won't let you down."

Xiang Ping assured him that if he couldn't finish these things, he would be ashamed to be qualified for the bank's senior position.

"I believe you."

Lin Baicheng nodded. If he didn't believe in Xiang Ping's ability, he wouldn't have hired Xiang Ping from Hang Seng Bank.

"Assistant Liao, your current task is to assist the manager in completing the acquisition negotiations of the three banks, and I will make another arrangement for you later."

"Okay, Mr. Lin."

Liao Siren responded and expressed his understanding.

After Xiang Ping and Liao Siren stayed for a while, they took their leave and left.

Today is Saturday, there is nothing else to be busy, Lin Baicheng stays at home and rests.

In the evening, Hutchison Whampoa held a celebration banquet.

This time, all the celebrities came to the banquet. Many people from British capital and Chinese capital came to the banquet. Even Hong Kong Governor MacLehose also appeared at the banquet.

Although Hutchison Whampoa has sold many companies, there are still many companies that have business contacts with British capital, and even have cooperation with Jardine Matheson. Therefore, Henry Kessack, the new chairman of Jardine Matheson, also came to the banquet.

Although the stock price of Hutchison Whampoa fell sharply after the positive news, the stock price is still stable above 50 Hong Kong dollars for the time being, and its market value still exceeds 200 billion Hong Kong dollars. It is now the largest listed company in Hong Kong.

Tonight's celebration banquet, Lin Baicheng, the chairman of the company, of course, came, and Shen Porridge, the leader of HSBC, the second largest shareholder, also came.HSBC, which holds 15% of the shares in Hutchison Whampoa, makes money in Hutchison Whampoa, which means that HSBC also makes money in disguise, so HSBC will definitely not be absent at the celebration banquet of Hutchison Whampoa.

Tonight's celebration banquet, what surprised Lin Baicheng the most was not the arrival of Hong Kong Governor MacLehose, but a customs officer who had entrusted the funds to him before, found him and said that he wanted to invest more funds into his fund In the middle, leave it to him to take care of.

Importantly, the customs official told him that he was not the only one who wanted to do this, but many people.Some have already invested and now want to invest more; some have not invested in him last time and now regret it and want to invest.

This important customs official even hinted at Lin Baicheng that the Governor of Hong Kong also wanted to hand over a sum of money to him, so he hoped that Lin Baicheng would not refuse.

Lin Baicheng was a little surprised at first, but he reacted quickly.Although the Governor of Hong Kong is the highest position in the Hong Kong government, it does not mean that the Governor of Hong Kong is very rich, nor does it mean that the Governor of Hong Kong is not short of money, especially this kind of money earned in a fair manner, the more the better.

The 1800 million Hong Kong dollars raised by the fund last time were all used by Lin Baicheng to invest in gold futures, using ten times leverage. Although the price of gold has fallen below $210, it has risen by about 20%, which is equivalent to ten times leverage. So I made a profit of 200%.

After the profit exceeds 100%, half of it belongs to the fund, but there is still 100% of the profit left.In about two months, the invested capital has doubled, and this rate of return is not available to everyone.

Therefore, many people feel that they have invested less, and those who have not invested want to invest more.

(End of this chapter)