Winning the new financial era

Chapter 550 Virtual Banking License
On September 9, Meituan Dianping was officially listed on the Hong Kong Stock Exchange.

The issue price was HK$69 per share, and the opening price was HK$72.9 per share, a 5.6% increase from the issue price. A total of 4.8 million shares were issued, with a market value of approximately US$483 billion.

Zhang Yida stood under the stage, watching Huang Xin, Wang Huiwen and others enjoying the cheers on the stage.

Meituan is very interesting, and a delivery guy named Qiu Xuexue was selected to represent the nearly 60 takeaway riders of Meituan to ring the bell.

Zhang Yida was thinking about which representatives Ruixiang would invite for listing, such as pinduoduo farmer sellers, Douvision content creators, mobile payment contract merchants...

Just when Zhang Yida was applauding there, celebrating the successful listing of Meituan.

Bald-headed Bao Fan led a group of people over. The leader was an imposing middle-aged man in a suit.

Zhang Yida recognized who it was at a glance—Li Xiaojia, CEO of the Hong Kong Stock Exchange.

This is also the first non-Hong Kong native in the history of the Hong Kong Stock Exchange, and is also the head of the mainland.

Zhang Yida was a little surprised, why did this guy come here?
After Li Xiaojia and his group sent blessings to the management team of the magnesium group led by Huang Xin, they exchanged a few words and walked straight towards Zhang Yida.

Li Xiaojia held out his right hand, "Mr. Zhang, hello, I'm Li Xiaojia!"

Zhang Yida shook hands with him, "Boss Li, it's a pleasure to meet you!"

Li Xiaojia glanced at the noisy bell-ringing scene, full of various media, reporters, and financial people.

He smiled and said, "Mr. Zhang, it's inconvenient for Fang to have a few words."

"Okay!"

Zhang Yida readily agreed.

In a VIP room of the Hong Kong Stock Exchange, Li Xiaojia and Zhang Yida chatted while drinking tea.

"Ruixiang has been established for five years, right?"

Zhang Yida nodded, "Strictly speaking, it's still a month away."

Li Xiaojia pursed his lips and sighed after a long while, "59 months and a valuation of 1.6 trillion Hong Kong dollars is really not easy!

I am also very proud to see so many outstanding technology companies emerging in the motherland! "

Zhang Yida basically guessed Li Xiaojia's intention, especially the "Hong Kong dollar" unit was used very cleverly.

However, he is the kind of person who does not see the rabbit and does not spread the eagle. He will not easily agree to choose the Hong Kong Stock Exchange to list without some benefits.

"Now that the sweater wars have started, Americans are becoming more and more wary of Chinese technology companies.

Ari and the others all have the idea of ​​secondary listing on the Hong Kong Stock Exchange. It can be seen that they should be more practical in their own place. "

Zhang Yida said with a smile: "The Hong Kong Stock Exchange is still too conservative for new economy companies, like our e-commerce company Pinduoduo, which is still suffering serious losses.

Listed on the Hong Kong Stock Exchange, it may be difficult to obtain an ideal market value. "

Li Xiaojia shook his head, not agreeing with Zhang Yida's statement.

"Penguin's PE is much higher than that of Ali, and the New York Stock Exchange is not necessarily better than the Hong Kong Stock Exchange."

Zhang Yida admitted that in emerging industries such as information technology, the PE multiple given by the Hong Kong Stock Exchange is no lower than that of the New York Stock Exchange.

In addition, the cost of listing in Hong Kong is also lower, including initial listing fees, intermediary fees, and annual fees are much lower than those of the New York Stock Exchange.

There are also shortcomings, mainly: small capital market, high requirements for short-term profitability, low overall valuation level, weak IPO financing ability, and weak ability to enhance international reputation.

"Mr. Li, I understand what you said, and I will consider it carefully."

Seeing that Zhang Yida seemed to be leaving, Li Xiaojia became a little anxious.

The Hong Kong Stock Exchange is also a company, and it also needs to sharpen its reputation for such a large-scale IPO, which is rare in the world.

In any case, we must try our best to strive for Ruixiang to be listed on the Hong Kong Stock Exchange.

Thinking of this, Li Xiaojia decided to show his sincerity.

"If Ruixiang chooses to list on the Hong Kong Stock Exchange, I will apply to the company, and all listing fees will be halved."

Zhang Yida was quite satisfied with Li Xiaojia's attitude, and he didn't care much about halving the fee.

What I care about is the degree of importance that the Hong Kong Stock Exchange attaches to Ruixiang. The other party attaches great importance to Ruixiang, and Ruixiang can also obtain some resource tilts.

"I heard that the Hong Kong Monetary Authority intends to open applications for virtual bank licenses?" Zhang Yida asked calmly.

The so-called Hong Kong virtual bank is a bank that provides services through the Internet or other forms of electronic transmission channels. It does not set up physical outlets to reduce operating costs, and can provide 7×24 hours of service;

Targeting individuals and small and medium-sized enterprises, it provides retail services such as deposits and withdrawals, loans, settlements, remittances, and investment and wealth management.

It is similar to the definition of domestic Internet bank, but the name is slightly different.

Zhang Yida heard that Leech Financial, Penguin, Goudong Finance, Rice Finance, Ctrip Finance, Anping Insurance, Zhongan Insurance, Standard Chartered Bank, Bank of China Hong Kong, PCCW, and many other powerful companies are interested in this license.

These companies are either local snakes or large-scale financial technology companies.

Sharp to compete with them, the advantage is not particularly great.

Moreover, Hong Kong is such a big place with very limited licenses. It is rumored that the first batch of licenses may only be approved to 3 licenses, while more than 30 companies have applied for them, each of which has some background.

Therefore, in order to increase the probability of approval, major companies formed alliances with each other and planned to apply for this virtual bank license in the form of a joint venture company.

Maybe this virtual bank won't make much money, but it can explore its experience and replicate it to other countries and regions in the future.

With this alone, many financial technology companies can't hold back, and the same is true for Ruixiang.

Li Xiaojia frowned, he was thinking about what Zhang Yida said.

Is this a virtual bank license?
But the Hong Kong Monetary Authority and the Hong Kong Stock Exchange do not belong to each other, so he may not be easy to speak!
"Mr. Zhang, Hong Kong is indeed planning to open up applications for virtual bank licenses, but the Hong Kong Monetary Authority is issuing licenses. I may be able to help introduce one or two.

More still need to be reviewed by the Financial Management Bureau, including reviewing the company's qualifications, size, technological level, financial experience, and so on. "

Zhang Yida shook his head, "President Li, you misunderstood, I didn't mean that.

What I want to say is that Hong Kong Stock Exchange is invited to join and apply for a virtual banking license together with Sharp. "

Li Xiaojia immediately understood Zhang Yida's intentions. He wanted to get listed on the Hong Kong Stock Exchange and increase the probability of approval.

With the Hong Kong Stock Exchange joining, it goes without saying that one of the three licenses will be obtained.

What a good plan!
Li Xiaojia has finally grasped Mr. Zhang's tricks. He can do business by tying up the listing place with the virtual bank.

"I agree with this matter in principle, but I don't know how to distribute the share ratio?"

Li Yijia thought for a while, and decided to agree.

"How about Qisan? You don't have to worry about the technology at all, the Hong Kong Stock Exchange just waits for the dividends."

Li Xiaojia chuckled, he is really impolite, he wants to occupy a dominant position, and he wants to have absolute control.

"Why not 51% and 49%?" Li Xiaojia asked back.

Zhang Yida spread his hands, "After all, the main business of the Hong Kong Stock Exchange is not a bank, and Ruixiang needs to undertake multiple functions such as development, operation, and management.

20% more is not too much. "

Li Xiaojia didn't say anything more, but talked about Ruixiang's listing.

"The place where you always look at the listing..."

"It's Hong Kong!"

(End of this chapter)