Hong Kong's new giants

Chapter 425 [Octopus Financial Group]

The selection of YG Entertainment's new round of debut candidates has officially started. This time, three groups will be formed at one time, namely: Shinhwa (six males), SES (three females), Ko Yuta (two males and one female, Ko Yaota is taken from ' The sun that shines high', non-Korean).

Of course, it is just to select the members of the team. After the team is formed, they will continue to practice and prepare for their debut.

For the development direction of these three groups, Lin Zuhui has given the general direction of the plan, and mentioned the style of music and dance.

This is probably the last wave of "Hong Kong idol" production that Lin Zuhui participated in. The follow-up really depends on the continuation and development of the team.

During the selection process, Lin Zuhui auditioned the singing voices of many girls and expressed dissatisfaction with them.

"Manager Yu, I'm not sure about Ko Yuta's lead singer, these trainees are not qualified. What I want is a girl with a bright and high-pitched voice, coupled with fresh and cheerful dance music, a combination style that many people will never forget You can go to ATV to look for it again, if it doesn’t work, go to the campus to look for it!”

Yu Xiaoming nodded and said, "Well, the scope is indeed a bit narrow. Our trainees are basically selected from thousands of people, not as wide as ATV's selection scope!"

Talking about the scope, Lin Zuhui immediately said: "You reminded me that in the future, trainees can be selected in Taiwan, Japan, South Korea, Southeast Asia, and even the mainland. It can not only promote our YG Entertainment, but also introduce foreign trainees. In future groups, it is also very necessary to have foreign members, for example, in charge of dance, in charge of appearance, in charge of rap, all are fine!"

Yu Xiaoming has to admire the brains of the boss. Although YG Entertainment currently has overseas trainees, they are all introduced by talent scouts, and they are all Chinese.

"Okay, next year, I will try to let the scouts conduct experiments in this area first, and then consider overseas open selection when they are actually mature."

Lin Zuhui nodded, knowing Yu Xiaoming's thoughts. For now, YG Entertainment has some small names overseas, but it's not too big. It's far behind the fame of Lee Jung Hyun and HOT.So if the selection is open, there may not be too many people responding.

If three more groups make their debut next year and achieve good overseas results, then YG Entertainment's 'Star Factory' will be well-deserved.

"Well, you have followed me to learn 'Hong Kong idol culture' for more than two years, and I can almost let go! In short, we have only explored the beginning of this experience, and there are still too many potentials to be tapped. Entertainment comes first, We are a star-making factory, and the entire company must be systematized, just like oil stains spread!"

"Boss, don't worry, we will definitely carry forward Hong Kong culture!"

Lin Zuhui is relieved, he is not completely laissez-faire, and occasionally raises some points and contributes his own opinions.

The second batch of combinations has many new features, such as non-mainstream and killer styles, which have already appeared in the team members' styles.

At this time, the combination of Lee Jung Hyun and HOT can be said to be quite successful. Recently, although their album promotion period has passed, there is still an endless stream of concerts, commercial performances, and announcements.And the company is already helping them prepare the second series, which is expected to be released in the first half of next year.

The entire YG company is very busy, and colleagues are constantly joining the team. It seems that the 'Hong Kong Stream' has been perfected, and the level next year may be equivalent to the level of the previous Korean Wave in the late 90s.

This is probably because Hong Kong was originally a place where the entertainment industry was developed. At least from the 70s to the 90s, places such as South Korea and Japan cannot be compared with Hong Kong's entertainment industry.

But now, Lin Zuhui has directly continued his life for Xiangjiang Entertainment for more than 20 years, and his influence will be even greater, much greater!

In this way, he himself still has a sense of accomplishment, of course only in his own heart!

Kowloon, China Commercial Bank Building.

Lin Zuhui is having a meeting with his own financial advisory team, which is quite strong, including the family office, Hengjin Investment, and China Commercial Bank.

Of course, the family office and Hengjin Investment are just equivalent to Lin Zuhui's personal consultants, and they cannot actually interfere with his banking business.

At the meeting, He Changhong introduced the current situation of China Commercial Bank (Hong Kong) in detail.

"At present, our deposits are rising steadily. We have absorbed 25.2 billion Hong Kong dollars in deposits in more than five months, including the 10 billion deposited by the boss. Overall, the situation is very gratifying. In terms of loans, we have released 10.1 billion Hong Kong dollars, and the real estate industry accounts for 11%. 70.2% of the bad debts have been recovered, and it is hoped that 33% of the expected amount will be achieved, and it may even exceed. At present, China Commercial Bank (Hong Kong) has a net asset value of 14.6 billion, deposits of 4.5 billion, 39 branches, and loans of [-] billion (bad debts of [-] million) ), with a cumulative loss of [-] billion!"

The so-called cumulative loss of 39 billion is the original debt of 46 billion owed to depositors, 20 billion to the Hong Kong government, and 18 billion to overseas creditors, totaling 84 billion in liabilities. Because of the asset appreciation of 45 billion (originally 42 billion), the cumulative loss has been reduced.

And Lin Zuhui invested 50 billion in capital, so the current asset value is a positive number of 11 billion.

Lin Zuhui said with satisfaction: "Well, the development is good. Don't increase the loan ratio too much. Our priority now is to stabilize, and then win the overseas trust bank."

He Changhong said seriously: "Well, our loan ratio is very low among banks. However, the boss's purchase of overseas trust banks will be paid by China Commercial Bank?"

Lin Zuhui shook his head and said, "Wouldn't that put China Commercial Bank in a 'deposit crisis'? Once rumors break out, the newborn China Commercial Bank will be on the verge of collapse. Therefore, I will figure out a way to acquire the funds. I don't need Guoshang Bank. Bank payout!"

In fact, using the deposits of the China Commercial Bank to purchase, the risk is not too great, but Lin Zuhui will not take risks.

He Changhong couldn't help admiring the boss's strength. This is a full 75 billion development bank, and this strength is the crown of the Chinese, for sure.

Ordinary people would not play like this. There is no danger in doing business, so it must be bought with the money of the depositors of the China Commercial Bank.At that time, one of the two banks will be the boss. If the deposit crisis occurs in this bank, the other bank will be dismantled.Of course, the risk of the two running together is also great!
Lin Zuhui didn't think so. Although 75 billion is too much, it is also a remarkable achievement to make his bank rank among the top five local banks in Hong Kong.

He is a novice, this is already a dream start!
You know, overseas trust banks have tens of billions of deposits, which is equivalent to Lin Zuhui's bank's total deposits approaching 200 billion; and the number of branches, overseas trust banks have 42 branches, which is equivalent to Lin Zuhui's The bank has 75 branches.

Terrible result!
Take Hong Kong Base Bank as an example (the predecessor of Sun Hung Kai), backed by Arab Bank, it currently only has 18 branches with a deposit of 60 billion.

Then Lin Zuhui said: "Recently, I plan to establish 'Octopus Financial Group', and the merged bank will be called 'Octopus Bank' in the future, which means that depositors can use our Octopus bank cards to travel freely in the world."

Everyone is impressed by the boss's ambition. Although it is a bit difficult, the goal is very ambitious.

"I think the name is very good. 'Ba' is also 'Fa', and the words 'Da' and 'Tong' are also very meaningful. The boss chose a good name!" He Changhong said first.

The rest of the people also agreed. As for several foreign consultants, they also felt that the English of "Octopus" is also good. Bank of America likes to call it "Chase" or something like that.

Lin Zuhui said: "Well, I'm going to start registration recently! After we integrate the bank, we will start to seek development and develop branches overseas, so everyone will work hard."

"Yes, boss!" Everyone said energetically.

Now that he has established a bank, Lin Zuhui must expand its scale, and developing banks overseas will help him use finance to make money.For gold spot futures, futures, foreign exchange and other investments, it will be much more convenient to have a bank.

Octopus Financial Group, above which is set up a "Octopus Financial Holdings", as the holding company of the Lin family; Octopus Financial Group consists of: Octopus Bank, securities, finance, insurance, financial consulting.
In the future, Hengjin Investment can also be included in the trust services of Octopus Financial Group.

As for the question of successors, Lin Zuhui hopes that his two sons will inherit his business, the eldest son will inherit the industrial company, and the second son will inherit the financial group.

After all, his career is bigger than that of Li Chaoren, so there is no need to separate another direct son.Of course, if Wang Lingyin gives birth to a third child, the media can also be separated.

As for the LEIT Group, Lin Zuhui intends that in the future all family members will have the hope of being in charge, and the decision will be based on ability.

On Saturday, Lin Zuhui, Li Zhaoji and He Hongsheng came to Cheng's mansion at No. 12 Repulse Bay as guests.

The four often get together, mainly at No. 12 and No. 1 Repulse Bay. Lee Shau Kee still lives in a high-rise apartment, and Lin Zuhui's place is not as convenient as these two places.

He Hongsheng does not often live in Repulse Bay No. 1, which is mainly used for entertaining guests.

Everyone was sitting together drinking tea today, during which Zheng Yutong suggested: "Last time, a friend from Canada invited me to invest in an oil company. There is a small oil company called Unmac Oil. The major shareholder of the company intends to sell 41% of the shares. Just 7000 million Canadian dollars (4.27 million Hong Kong dollars). Are you interested?"

Lin Zuhui laughed and joked: "It's just more than 4 million yuan, and Uncle Tong wants to share four cakes!"

Zheng Yutong immediately said seriously: "Of course it's more than this investment. I think so. After we acquire 41% of this company's shares, we will continue to look for opportunities to acquire a larger oil company and merge the two companies. Step into the top 20 oil and gas producers in Canada in one fell swoop."

He Hongsheng was the first to be moved after hearing this, Li Zhaoji didn't care, and Lin Zuhui didn't care either.

In Lin Zuhui's view, if he survived a total investment of 20 billion yuan, he would just play with his friends.

"I voted!" He Hongsheng said first.

"Let me follow, right to participate in personal investment!" Lee Shau Kee said calmly.

Lin Zuhui also smiled and said: "Uncle Tong arranges, and you also arrange my shares!" The implication is that the little money doesn't matter.

Zheng Yutong was very happy immediately, and he was also very excited when he saw Li Chaoren investing in Husky.Recently, an opportunity finally came, someone from Canada made a connection, and planned to invest.However, he also learned the lesson of aggressiveness, so he plans to attract people to invest.

Lin Zuhui also had an idea, he also needs to strengthen his relationship with Lee Shau Kee, Cheng Yu Tong, and He Hongsheng. Although he is powerful, who would think it is too cheap?

"Everyone, I also have a good investment, I wonder if you are interested?"

As soon as his words fell, all three of them immediately focused on him.Although Lin Zuhui is young, in terms of vision, no one in Xiangjiang can compare with him. The development speed of New Times Group already speaks for itself.

"I participated in the investment you proposed!"

"I'm participating too!"

"count me in!"

For a moment, the three spoke directly, regardless of what investment Lin Zuhui was talking about!
Lin Zuhui said with a smile: "Don't rush to agree, listen to me slowly! I want Fuli Real Estate, a wholly-owned subsidiary of China Real Estate, to set up a 'commercial real estate investment fund'. The investment direction is commercial real estate in New York, USA. Real estate. As you know, Li Chaoren recently spent 5 million on New York office buildings. I am more convinced than Li Chaoren that commercial real estate in the United States will bottom out and rebound within a year or two, and then usher in a wave of long-term growth , the annual rate of return will not be less than 15%.

Everyone immediately thought about it seriously. Everyone is a business tycoon, so they naturally have a certain vision.

Lee Shau Kee, who speaks the fewest words, expressed again, saying: "Hearing what you said, I suddenly feel that this investment is very promising. In any country with a stable political situation, it is almost impossible for real estate to lose money. And the real estate in these countries must have a 'cycle'. According to the law, since 1989, commercial real estate in the United States has begun to fall, and it is indeed possible to buy the bottom. But I am not sure about the timing of the bottom-hunting, and I believe Zu Hui must be sure!" After finishing speaking, he looked at Lin Zuhui, after all, this' Things are like a god'.

Lin Zuhui said with a smile: "Next year, let's go to New York together! But let me tell you first, the fund I organize will charge management fees and a small amount of commission."

They, the richest people in Hong Kong, occasionally go to the top golf courses in Europe and America to play games, and sometimes to Southeast Asia to play games.

He Hongsheng was more active. He said: "I will take out 5 million Hong Kong dollars to participate first, and the fund will naturally need to charge a certain fee!"

Then Zheng Yutong and Lee Shau Kee said that they personally also contributed 5 million Hong Kong dollars.

Finally, Lin Zuhui said with a smile: "I will not participate, because I plan to let the company make high-leverage investment. I plan to start this fund with a minimum of 20 billion yuan. As for whether to use loans, we will discuss it later!"

The three of them nodded, and when they heard Lin Zuhui using high leverage, they became more determined.

And Lin Zuhui is quite satisfied with this cooperation. The commercial real estate market in New York is much larger than that of Xiangjiang. Maybe this fund can raise 25 billion and take 5% of the loan as much as possible.

Lin Zuhui suddenly remembered a real estate company in the United States, and established an "investment real estate fund" to develop crazily. Fuli Real Estate can also follow this path in the future.

For example, after the investment in "Futura Investment Real Estate Fund No. 1", you can set up "Futura Investment Real Estate No. 2".

More importantly, it can also expand the influence of the group!

(End of this chapter)