Winning the new financial era

Chapter 665 Preparing for an IPO
"Mr. Zhang, it's already 10 billion US dollars, do you still accept it?"

Ding Siyao has now returned to Singapore, and began to let Yanhuang Investment's hedge funds compete with short sellers.

Short sellers are not optimistic about a certain stock, such as borrowing stocks from brokerages and investment banks, and selling them at $10 from the current high.

When the stock price drops to $1, buy back the same amount of stock and return it to the institution that lent the stock.

The difference of $9 in the middle is the profit, and of course a part of the interest will be deducted.

To be long means to think that the stock can rise to $20 or $30 in the future, so you have been accepting sell orders from short sellers.

Ding Siyao reminded, "Are you playing too much? The short sellers are not small. We have received so many sell orders, and they are still increasing their positions."

"Let them add it."

Zhang Yida lit a cigar and finally understood why the life of The Wolf of Wall Street was so exciting.

In the money game, it is indeed a pleasure to see the opponent get into the trap a little bit, then struggle, and finally explode with a "bang".

Not only gaining money, but also a sense of superiority that crushes IQ.

"Another $10 billion more!"

Since you want to be happy, Zhang Yida thought, then double the happiness, it will be more exciting.

Ding Siyao basically understood Zhang Yida's thinking. He wanted to squeeze the shorts and kept pushing up the stock price until the shorts couldn't hold on and surrendered.

……

The Hong Kong virtual banking license has been officially issued, and 8 licenses have been awarded to consortiums led by Ruixiang, Standard Chartered, Zhongan, Bank of China Hong Kong, Ali, Penguin, Anping Insurance and Rice respectively.

What makes Zhang Yida not so happy is that Zhongan Insurance, as an Internet insurance company with three horses as a shareholder, is equivalent to Ari, Penguin, and Anping Insurance each obtaining one-third of the licenses.

The result had already been issued, and no matter how unwilling Zhang Yida was, he could only accept the result calmly.

Zhang Yida flew to Hong Kong, and was going to talk to Li Xiaojia, president of the Hong Kong Stock Exchange, about preparing for the opening of the bank.

I also talked about the IPO.

Cars are driving in Central Hong Kong, and the high-rise buildings on both sides of the road are hung with the logos of various banks.

"Hong Kong, with a population of 750 million, has more than 150 licensed banks and more than 40 offices of foreign banks, with a total deposit of 13 trillion Hong Kong dollars and a per capita deposit of 173 million Hong Kong dollars.

Hong Kong's retail banking industry has a total annual revenue of US$225 billion, but has long been dominated by a few leading banks.

Among them, HSBC, Hang Seng, Standard Chartered, and Bank of China monopolize 66% of local retail loans.

The emergence of virtual banks is to break the existing pattern with the power of innovation. "

In the car, Shen Beipeng chatted with Zhang Yida about the banking power structure in Hong Kong.

Shen Beipeng has been living in Hong Kong all year round since he returned to China in 94 as an employee of Lehman Brothers Asia.

Having lived and worked in Hong Kong for more than 20 years, he is very familiar with various environments in Hong Kong, including banks.

Accompanying Zhang Yida to the Hong Kong Stock Exchange this time is not just a matter of virtual bank preparations.

There is one more important thing, to discuss the listing of Ruixiang Group!
"Ruixiang will go public soon, I think you should increase your reputation in Hong Kong!" Shen Beipeng suggested.

"Am I not famous enough?"

Zhang Yida wanted to laugh a little, and couldn't help asking back.

Shen Beipeng didn't have time to joke with Zhang Yida, but said in a serious manner: "Ruixiang's listing may even exceed the record of US$250 billion IPO created by Ahri on the New York Stock Exchange, and become the new largest IPO in the history of the world.

If it were not for the impact of the trade war, Ruixiang's best choice would be to list on the New York Stock Exchange!

It is difficult for other exchanges to afford such a large IPO. "

Zhang Yida said with a smile, "It's actually okay, there are more than 2300 companies on the Hong Kong Stock Exchange, with a total market value of up to 30 trillion Hong Kong dollars.

If you throw Ruixiang in, the water will not even turn over. "

Shen Beipeng smiled and shook his head, "A conservative estimate is that the market capitalization of Ruixiang is 2 trillion Hong Kong dollars, which accounts for more than [-]% of the total market capitalization of the Hong Kong Stock Exchange.

This is not called splashing, this is called huge waves. "

Even if he was as calm as him, he couldn't help but smile knowingly at this moment.

2 trillion Hong Kong dollars!
In US dollars, it is 2560 billion US dollars!
About 10% of the newly issued IPO stocks raised 250 billion to 280 billion U.S. dollars. After listing, the market value of Ruixiang directly took off from 3000 billion U.S. dollars!
It took Ahri and Penguin more than ten years to get to this point, but Ruixiang only took six years.

How can you not be excited!
Ari and Penguin were not the first round of Hei Shirt's vote, but Rui Xiang was.

……

Li Xiaojia led a group of subordinates to stand at the gate of the Hong Kong Stock Exchange building to welcome Zhang Yida and his party.

Of course he knew what Zhang Yida and the others were doing, so he gave the highest greeting etiquette.

The listing of Ruixiang is even more shocking than the combination of rice and magnesium, which were highly praised before!

Li Xiaojia shook hands with Zhang Yida and Shen Beipeng who came down from the Rolls-Royce, and made a "please" gesture with a smile on his face, "Mr. Zhang and Mr. Shen please!"

After everyone sat down in the living room of the Hong Kong Stock Exchange, they first chatted about the preparations for "Sharp Bank".

"Large banks in Hong Kong have had a huge customer base for many years, mainly focusing on some high-end customers and high-profit businesses.

Therefore, the service coverage for ordinary retail customers and small and medium-sized enterprises is insufficient, and the innovation motivation is insufficient.

Existing banking services have major pain points such as long waiting times, poor online banking experience, insufficient customer education on financial products, and inability to integrate different account information.

Ruixiang has experience in running Xinwang Bank in mainland China and is a top financial technology company in the world.

I believe that with your help, Ruixiang Bank will definitely be able to bring better and more convenient financial services to Hong Kong citizens.

As a financial investment shareholder, the Hong Kong Stock Exchange will do its best to give some support in localized operations and local experience. "

Li Xiaojia's remarks can be said to have placed his posture extremely low, and he almost confessed to Rui Xiang.

Zhang Yida nodded and smiled, naturally knowing what the other party was asking for.

I am afraid that after Ruixiang goes public, it will not be so easy to talk about.

Li Xiaojia turned his head, ordered a subordinate to get up, and explained to everyone some requirements of the Hong Kong Monetary Authority for virtual banks before opening.

"It needs to go through stages such as sandbox and trial operation before opening...

At the same time, the HKMA will mainly examine related measures such as IT system risk management, anti-fraud, anti-money laundering and customer protection.

After all these links are over, it can officially open to 750 million citizens and start business. "

Li Xiaojia looked at Zhang Yida and said, "These procedures, I believe, should not be a problem for Ruixiang, right?"

Zhang Yida said with a smile, "Fortunately, Ruixiang will transfer its team to Hong Kong next, and will also recruit some local Hong Kong employees."

Li Xiaojia nodded, and then asked with a smile: "There are a total of 8 virtual banks, each of which has a strong background and has its own resources.

My opinion is that we should be the first to open the business. Isn't that more advantageous? "

Zhang Yida replied with a smile, "I also want to be the first one to open, but didn't I just say it? It needs to be inspected by the Financial Management Bureau."

Li Xiaojia pursed his lips and smiled, "How about this, Ruixiang is responsible for deploying the system and building the bank, and we are responsible for communicating with the HKMA."

Zhang Yida laughed, "That would be the best."

Shen Beipeng laughed and watched the two of them trade in PY here, and he was no stranger to it.

If you start a business in partnership, you naturally have to contribute to each other.

After chatting about the virtual bank in a few words, Li Xiaojia still couldn't help asking about Ruixiang.

"Mr. Zhang, when is the IPO going to be scheduled?"

(End of this chapter)