The Age of Rebirth

Chapter 173 Hong Kong Island Banking Industry

Hong Kong Island is the world's financial center, so there are naturally many banks. Ten years ago, the conditions for opening a bank on Hong Kong Island were extremely simple, which is also a prerequisite for Hong Kong Island to become a financial center.

But since 82, Hong Kong Island Finance has implemented a three-tier system, licensed banks, licensed deposit-taking companies and registered deposit-taking companies, making it difficult for many non-licensed banks to survive and declare bankruptcy!

Due to management problems, the large-scale bankruptcy of licensed banks is fatal. In just ten years, more than a dozen banks declared bankruptcy and were taken over by the government.

After the takeover, it was found that there were a large number of bad debts and illegal loan behaviors, and even bank shareholders stole their own money and embezzled deposits without permission, leading to a wave of runs. In short, management problems seem to be the main factor in the wave of closures.

Although the banks taken over by the Hong Kong government were acquired and merged by major banks, the supervision of bank licenses is even stricter, especially the approval of licensed banks.

With the collapse and mergers and acquisitions of big banks, the banking market on Hong Kong Island has been divided up by some big banks, and there is very little soil for small banks to survive.

Li Shihui said: "In the past few years, due to poor bank management, many banks encountered crises and were difficult to support. Some banks with good qualifications were acquired by big banks. I planned many such cases when I was in Morgan."

Li Shihui is very proud. At that time, he handled many mergers and acquisitions of big banks. At that time, both HSBC and Standard Chartered were his clients.

"However, many small banks and small banks still retain their licenses due to historical problems. They have a small number of branches, or no branch sales department at all, let alone market share. Naturally, big banks are unwilling to take over. , Many of them chose to go bankrupt!"

"There are still some bank holders who value the scarcity of licensed banks, and have been insisting on it, just to sell them at a good price!" Li Shihui has done a detailed research on Hong Kong Island Bank.

Li Weidong asked: "There is such a thing, is there any restriction on acquiring them?"

Li Shihui replied: "There are no restrictions, but due to strict approval, the value of financial licenses has also increased in the past two years. Now a licensed bank qualification can cost 5000 to [-] million!"

Li Weidong understands that this is the same thing as taxi license plates in mainland China. For some reason, the number of taxis is limited, and each set of license plates is very valuable.

If it matters, get dozens of sets of license plates, you don’t have to do anything in the future, and you can earn tens of thousands of dollars a day. Li Weidong remembers chatting with the taxi driver at that time, saying that the daily allowance is only one or two hundred, how fat this piece of meat is!

Opening a bank is not that simple, you need a license of 5000 to [-] million, and you are embarrassed to say that you are a bank without a registered capital of several hundred million.

"Is there any suitable one?" Li Weidong became interested. What he has always believed in is that if he can buy it, he will never do it himself. Buying is the fastest way. The rich and willful are fully displayed here.

Li Shihui said with some embarrassment: "I know a person whose family opened a bank a long time ago, but when he came to him, he didn't have the slightest interest in this, so he disappeared."

"What's the situation?" Li Weidong was curious. There are still people in this bank who are unwilling to do it. Don't they all ask whoever has money, whether your family owns a bank? It sounds so open.

Li Shihui said honestly: "Although my college classmate is studying finance like me, he is really not interested in finance. He studies only to satisfy his father's wish!"

"His father passed away a few years ago, and the bank's business slowly stagnated. Instead, they escaped the real estate crisis a few years ago and let them continue to operate!"

"As far as I know, the bank only has one business department, and it's still his own property, so there's no need to rent a house!"

Li Weidong said: "Well, you can contact him. If he plans to sell, I will send someone to contact him!"

Looking at this subordinate who is less than 40 years old but has thinning hair, Li Weidong still did not choose to believe it completely.

Li Shihui said: "Okay, Mr. Li, I will contact you in a while!"

"Mr. Li, do you have any plans for being so optimistic about the banking industry?" Zou Yi couldn't help asking when he saw that Li Weidong was so interested in the bank.

And according to the short time she has been in contact with Li Weidong, she has never done useless things, so she is full of curiosity about Li Weidong's enthusiasm for banks.

"You want to get a share too?" Li Weidong joked.

Zou Yi is now quite wealthy, and the lawsuit with Zhuo's family is over, so she naturally obtained the property belonging to their mother and daughter, and the family property of over ten million is enough for her to stop working for money.

Li Weidong had already made plans for her to resign, but Zou Yi did not expect that Zou Yi would choose to continue working at Anma Capital.

For a person with a net worth of tens of millions to work for him, there is some pressure, but thinking that there will be more such people under his subordinates in the future, he calms down and follows him to have meat to eat!

Zou Yi said with a smile: "Mr. Li is joking, I still want to keep my daughter as a dowry with this little money!"

She knows that Li Weidong's business makes money, but not everyone is qualified to participate. With Li Weidong's temper, this bank is definitely not a small business, and her little money will definitely not work.

And she already has a plan for this part of the property she acquired, since she came here because of the Zhuo family, she will naturally have to return it.

If I return this one, of course it will not be given to the Zhuo family, but to my own daughter, who is also surnamed Zhuo!
Li Weidong heard awe-inspiring, reported and said: "Then I will toast you!"

For those who are not greedy for money, Li Weidong looks down on them, it's too hypocritical, but those who can do not take money that they don't want to take should be worthy of Li Weidong's toast.

Zou Yi was baffled, but he was also used to Li Weidong's abnormal brain circuit.

A few people are chatting, and you can’t just talk about work when you are with the leader. It’s so uncomfortable. Sometimes it’s good to talk about entertainment and gossip.

Financial people are naturally interested in financial affairs. The most famous financial star on Hong Kong Island is Liang Jinsong, who became the Hong Kong president of Citibank last year, unprecedented.

Several people were very envious, but Li Weidong knew this President Liang a little later. Although the head of the Financial Secretary of Hong Kong Island has a different political system, he is naturally very capable to hold such a high position.

However, it is impossible to say how much Li Weidong admires President Liang. Although others cannot comment on personal feelings, it is definitely a problem to abandon his wife.

Li Weidong said: "You want to lead my army, do you think my salary is not high enough? As long as you work hard, I can't guarantee your status, but your salary will definitely reach this level!"

Li Weidong's salary is basically among the top in the industry, with dividends and salary, Zou Yi can get several million Hong Kong dollars.

Xu Yandeng used to be just an agent, and now he can earn millions. Among the known professional managers, he is definitely in the forefront.

But among the professional managers in Hong Kong Island's financial industry, there is an alternative, Liang Jinsong, the president of Citibank Hong Kong Island, who has a salary dividend of more than 200 million US dollars, and the only share of scorpion shit.

A few people naturally didn't believe it, but in order to match Li Weidong's jokes, everyone naturally tried their best to flatter them, and Li Weidong didn't care, who would believe that this kind of thing didn't happen.

I'm afraid they would never have imagined that the general manager of a company invested by Li Weidong in the mainland, who is now inconspicuous, will have more annual salary plus bonus than this in the future.

(End of this chapter)