Age of Dreams

Dad was working hard, while Xiao Qi was walking among the flowers, quite reluctant to think about it.

There is no other reason. The Shuangshu at night is really tempting, and it makes Xiao Qi stunned, just thinking that it will be good for the days to go on like this forever.

Since being crushed by Ruby Nader with such a heavy blow, the US stock and futures markets have not been relieved in the past few days, and they are still steadfastly falling.

The Hong Kong stock market is most affected by U.S. stocks, and the futures market is almost dependent on the U.S. futures market to survive. Therefore, their situation is also very bad. The daily market value is evaporating above tens of billions of Hong Kong dollars.

However, this matter has nothing to do with Xiao Qi, even if Li Chaoren's Cheung Kong Group fell into a negative value, it was their own business.

But some people think that this matter has a lot to do with Xiao Qi. He is Yu Minwei, the vice president of China Merchants Bank.

After receiving Yu Minwei's call, Xiao Qi felt very coincidental and told him that he was in Hong Kong, but in the evening, Yu Minwei came to visit with a gift.

He is a semi-official official. Naturally, giving gifts cannot be too expensive, but a bottle of top-quality wine produced in 1972 from the Bordeaux region is still very popular with Li Shaozhi.

Seeing two superstars, who are as beautiful as a fairy, walked into the house hand in hand, Yu Minwei was not a good girl, and couldn't help giving a thumbs up to Xiao Qi: "Quite Shao, I can hide the beauty in the golden house. For good reason, you are definitely a winner in life!"

"Ha ha!"

Xiao Qi and Yu Minwei were already acquaintances, and they didn't shy away from it. They smiled, showing their satisfaction.

"By the way, I haven't congratulated you yet. It is said that the old president is going to retreat?" Xiao Qi turned a topic.

"What's the matter?" Yu Minwei shook his head quickly, "Don't say it's the old elder who is strong. Even if he is a little powerless now, I can't worry about his position!"

The old president they said was MCA, the second president of China Merchants Bank. Since joining China Merchants Bank in 1999, MCA has taken a small regional bank to the fifth largest commercial bank in the country, second only to China Agricultural Construction. The four major industrial banks are definitely an amazing figure.

only. MCA is 59 years old this year. Although this age is not a big deal abroad, since China Merchants Bank is a state-owned enterprise, it still has an age card and can withdraw from front-line positions at most three or four years.

In his previous life, the president of MCA faded out of management at the end of 2012 and officially stepped down in May 2013. It was not Yu Minwei who succeeded him, but a senior CCB executive from the capital.

But this life is different. Yu Minwei could have done it in the first place, especially in the public relations for Xiao Qi. He made great contributions. Not only did he draw tens of billions of dollars for China Merchants Bank, he also backhanded him a loan of 400 billion yuan to Xiao Qi. A battle rated as "classic".

For now, the bank with which Fairy Company cooperates most closely is also China Merchants Bank.

At least 50% of domestic and foreign accounts. Xiao Qi went from China Merchants Bank, and the exchange is a reserve of China Merchants Bank. Even Xiao Qi's other major partner, China Construction Bank, failed to grab a point.

Therefore, many people in the industry have heard that MCA intends to retire early and leave the post of president of China Merchants Bank to Yu Minwei. After all, he is also his own, and he will feel more relieved if he is handed over to him.

Yu Minwei denied it openly, but it was not what he really thought. He is more than 40 this year, he has no background at all, but who doesn't want to be a prince of one party and dominate the situation?

That is to say, Yu Minwei lacks a good opportunity now, otherwise he has been in charge of the main business. MCA is happy to see when acting as a leader. -If you are not the president, MCA can also serve as party committee secretary, secretary of the party committee, chairman of the trade union, etc., and it can also **** Yu Minwei for several years.

In the eyes of MCA and Yu Minwei, China Merchants Bank's wholly-owned acquisition and merger of Wing Lung Bank, one of the top ten banks in Hong Kong, which has been going on for two years, is the best performance.

As long as the Wing Lung Bank is taken down beautifully, whether it is within China Merchants, the State-owned Assets Supervision and Administration Commission, or the People's Bank of China at the national level, it will not create much resistance to Yu Minwei.

Hong Kong is a small place, but there are hundreds of banks, large and small. This kind of abnormal financial prosperity was once one of the symbols of Hong Kong.

However, although there are many banks in Hong Kong, they have not issued banking licenses since the 1980s. Therefore, whether it is a European, American, Southeast Asian, or Mainland China bank, if you want to enter the Hong Kong financial market, there is only one way. -Acquisition of existing Hong Kong banks.

Bank of China and China Merchants Bank, the two main banks in Hong Kong, did just that.

Over the years, they have merged more than a dozen Hong Kong banks, both large and small, especially the Bank of China Group, which has become one of the four major note-issuing banks in Hong Kong, which is very important.

In comparison, China Merchants Bank has been doing mediocre performance in recent years. A few small banks can't satisfy their appetites, so it took a fancy to Hong Kong's top ten Wing Lung Bank.

Wing Lung Bank, the largest private bank in Hong Kong, has more than 30 business outlets in Hong Kong, with a market share of more than 5% and a return on capital of 13%. It is indeed a good target for acquisition.

But the problem is that China Merchants Bank is too impatient, and its negotiating ability is not good enough.

The price they paid for the purchase of Wing Lung Bank in the previous life was based on 2.9 times the book value of Wing Lung Bank at the end of 2007. They gave an ultra-high price of 19.3 billion Hong Kong dollars and purchased 53.1% of the shares owned by the Wu family, which made the Wu family laugh. It's too much from ear to ear.

Such a high price also caused them to suffer a considerable loss when they forced the acquisition of the remaining shares of Wing Lung Bank, but it was not announced to the public.

Now Yu Minwei met Xiao Qi, and it happened that Xiao Qi also asked him to help acquire the smaller Guoxin Bank, so when the two parties negotiated together, the Wu family's arrogance was not so arrogant at all.

The agreement to acquire 53.1% of the Wu family's shares was originally reached on May 30 this year, but it has not yet been negotiated until mid-July.

The Wu family has dropped the price to 18 billion Hong Kong dollars, but China Merchants Bank has not agreed, because the total market value of Wing Lung Bank is now only 28 billion Hong Kong dollars, and the 30% premium rate of the Wu family is still high.

Even if there are two small shareholders asking for a price higher than that of the Wu family, Yu Minwei is still as stable as a mountain.

As for Guoxin Bank, which is much smaller than Wing Lung Bank, it is even more low profile. Their current market value has already dropped to 22 billion Hong Kong dollars, but Yu Minwei estimated that the price for them is only 18 billion Hong Kong dollars, a huge gap. Next, even if the economy is now down, they dare not agree.

After telling Xiao Qi about the situation of the two banks for a while, Yu Minwei said at the end: "Qi Shao, we have roughly decided. Although it may be lowered in future generations, there is no need to wait any longer. China Merchants Bank plans to spend 25 billion Hong Kong dollars. About the price, the privatization of the acquisition of Wing Lung Bank. Do you think that if Guoxin Bank's price is about 20 billion yuan, can it close the net?"

Xiao Qi pondered for a while.

When talking with Yu Minwei last year, Yu Minwei proposed that the acquisition could be reduced to about 22 billion.

It is true that the financial crisis will cause the price of Guoxin Bank to fall again, but if the price is too low and Guoxin Bank’s operating income is good, then there is no reason for others to sell shares at a loss.

Xiao Qi doesn't care about 20 billion or 22 billion, or even 24 billion Hong Kong dollars acquisitions. Compared with the overall mobile payment platform layout, money is not important at all. It is the most important to occupy the market in advance.

Xiaoyao Mall already has its own third-party payment platform-Xiaoyao Wallet.

But this Xiaoyao wallet only has storage functions and does not involve third parties.

After all, all businesses of Xiaoyao Mall are now directly operated, and there is no introduction of partners like the subsequent Tmall Mall.

Even in terms of platforms like Xiaoyao Mall, mobile payment is far more important than third-party payment platforms.

In the future, mobile payments involving mobile phones and tablet computers will be involved. Xiaoyao Wallet is one aspect, and more importantly, mobile payments are directly through bank cards. This piece of cake is truly rich.

Besides, there is one more point.

Whether it is the United States, Japan or South Korea, all large consortia must have their own financial entities, so that the flow and transfer of funds is convenient, otherwise they will always be controlled by others.

The Fairy One Series and the Xiaoyao Series add up to more than one trillion yuan in circulating funds each year, which is long enough to support a medium-sized bank.

In addition to the following three-party payment platform, Yu Wobao's wealth management business, and mobile payment, the three major network age entities, at least there will be more than 50,000 billion capital flows each year.

Therefore, in order to make the Xiao family more stable, the bank must start, as long as it is not taken as a victim, then there is no problem with adding or subtracting.

After thinking about it, UU read www.uukanshu.com Xiao Qi nodded: "Then do it!"

Yu Minwei breathed a sigh of relief and said with a smile: "Fortunately, the bank has been entrusted with the purchase, otherwise they know that it is Qi Shao you want to purchase, I am afraid the price will increase by a lot."

"There is more than one Hong Kong bank. If they want to pretend, it doesn't matter if we buy another one." Xiao Qi smiled slightly. "Afterwards, my fairy bank will enter the mainland to carry out business. Don't you don't help me."

"Look at what you said, am I always this kind of person?" Yu Minwei smiled: "Hong Kong-funded banks have always been welcome to enter the mainland. I have to say that Qi Shao, you really made a wonderful move! Although the call for the liberalization of private banks is high, there will be no substantive progress within three to five years. It is still convenient to directly acquire Hong Kong banks."

Xiao Qi nodded.

Private banks in the Mainland have opened up for approval and will have to wait until 2013. Xiao Qi is not willing to delay the five-year period.

If it were not for seizing the opportunity, he would really not come to buy a bank in Hong Kong! (To be continued...)