Chapter 1896 It's Time to Start!

The old man is working hard, while Xiao Qi is wandering among the flowers, rather reluctant to leave.

There is no other reason, the twin sisters at night are so tempting, making Xiao Qi want to cut him down, thinking that it is good to live like this forever.

Since being hit by Ruby Nader with such a heavy blow, the U.S. stock market and futures market have not recovered from the past few days, and they are still unswervingly falling.

The Hong Kong stock market is most affected by the U.S. stock market, and the futures market is almost dependent on the U.S. futures market for survival, so their situation is also very bad, and the market value evaporates by tens of billions of Hong Kong dollars every day.

But this matter has nothing to do with Xiao Qi, even if Li Chaoren's Changshi Group has fallen into negative value, that is their own business.

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

After receiving Yu Minwei's call, Xiao Qi thought it was a coincidence and told him that he was in Hong Kong. As a result, at night, Yu Minwei came to visit with a gift.

He is a public servant, so the gift cannot be too expensive, but a bottle of top-quality wine produced in 1972 from the Bordeaux region [顶_点] novel is still very popular with Li Shaozhi.

Seeing the two beautiful celebrities walking into the room hand in hand, Yu Minwei couldn't help giving Xiao Qi a thumbs up, even though Yu Minwei is not good at women. For the sake of it, you are definitely the winner in life!"

"hehe!"

Xiao Qi and Yu Minwei were also acquaintances, so they didn't shy away from it, they smiled, and their satisfaction was evident in their words.

"By the way, I haven't congratulated you yet. It is said that the old president is about to retire?" Xiao Qi changed the subject.

"Where is the matter?" Yu Minwei shook his head quickly, "Don't say that the elder Xing is strong. Even if he is a little weak now, I can't worry about his position!"

The old president they are talking about is Ma Hua, the second president of China Merchants Bank. Since joining China Merchants Bank in 1999, Ma Hua has abruptly brought a small regional bank to the fifth largest commercial bank in the country, second only to China Agricultural Construction The Big Four Banks are definitely a remarkable figure.

only. MCA is 59 years old this year. Although this age is not a big deal in foreign countries, since China Merchants Bank is a state-owned enterprise, there is still an age limit. At most three or four years, you can quit the front-line position.

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

But this life is different. Yu Minwei was able to do it originally, especially in the public relations of Xiao Qi, he made great contributions, not only absorbed tens of billions of dollars for China Merchants Bank, but also backhanded a loan of 400 billion yuan to Xiao Qi. Rated as a "classic" campaign.

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

At least 50% domestic and foreign accounts. Xiao Qi walked from the China Merchants Bank, and the exchange is the reserve of the China Merchants Bank. Even Xiao Qi's other major partner, China Construction Bank, couldn't grab any of it.

Therefore, many people in the industry heard that MCA intends to step down early and leave the position of president of China Merchants Bank to Yu Minwei.

Yu Minwei opened his mouth to deny it, but it was not what he really thought. He is in his 40s this year and has no background at all, but who doesn't want to become a prince and dominate the world?

That is to say, Yu Minwei lacks a good opportunity now, otherwise he is already in charge of the main business. On the contrary, MCA is happy to see becoming the governor. ——Instead of being the president, MCA can still serve as party secretary, trade union chairman, etc., and can also escort Yu Minwei for several years.

In the view of MCA and Yu Minwei, China Merchants Bank's acquisition and merger of Wing Lung Bank, one of the top ten banks in Hong Kong, which has lasted for two years, is the best performance.

As long as Wing Lung Bank is taken down beautifully, neither China Merchants, nor the State-owned Assets Supervision and Administration Commission, nor the People's Bank of China at the national level will create much resistance for Yu Minwei.

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

However, although there are many banks in Hong Kong, they have not issued bank licenses since the 1980s. Therefore, whether it is a bank in Europe, America, Southeast Asia, or mainland China, if you want to enter the financial industry market in Hong Kong, 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 this.

After so many years, they have merged a dozen Hong Kong banks, big and small, especially the Bank of China Group, which has become one of the four major banknote-issuing banks in Hong Kong, which can be said to be very important.

In comparison, China Merchants Bank has done so in recent years, and several small banks cannot satisfy their appetite, so they have taken a fancy to Wing Lung Bank, which ranks among the top ten in Hong Kong.

Wing Lung Bank is the largest private bank in Hong Kong, with more than 30 business outlets in Hong Kong, a market share of more than 5%, and a return on capital of 13%. If it is to be acquired, it is indeed a good target.

But the problem is that China Merchants Bank is too impatient and its negotiation skills are not good enough.

In their previous life, they purchased Wing Lung Bank based on 2.9 times the book value of Wing Lung Bank at the end of 2007. They gave a super high price of 19.3 billion Hong Kong dollars and bought 53.1% of the shares owned by the Wu family. This made the Wu family laugh You can't keep your mouth shut.

Such a high price also caused them to suffer a lot of losses when they compulsorily acquired the remaining shares of Wing Lung Bank, but it was not announced to the public.

Now that Yu Minwei met Xiao Qi, Xiao Qi also asked him to help buy the smaller Guoxin Bank, so after both parties negotiated together, the arrogance of the Wu family was not so arrogant at all.

The agreement to acquire 53.1% of Wu's family shares, which should have been reached on May 30 this year, has not yet been negotiated until mid-July.

The Wu family has lowered 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 only 28 billion Hong Kong dollars, and the 30% premium rate of the Wu family is still high.

There were even two small shareholders who asked for a price higher than that of the Wu family, but Yu Minwei was still as stable as Mount Tai.

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 the price estimated by Yu Minwei to them is only 18 billion Hong Kong dollars, a huge gap. Now, even if the recession is now, they dare not agree.

After talking to Xiao Qi about the situation of the two banks, Yu Minwei finally said: "Qi Shao, we have basically made a decision. Although it may be lowered in future generations, there is no need to wait any longer. China Merchants Bank is going to pay 25 billion Hong Kong dollars The price is about 20 billion yuan, and Wing Lung Bank will be privatized. Do you think that if the price of Guoxin Bank reaches 20 billion, can it be closed?"

Xiao Qi pondered for a while.

When discussing with Yu Minwei last year, Yu Minwei suggested that the purchase could be made if it was reduced to around 22 billion.

Of course, 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 not bad, then there is no reason for others to sell stocks at a loss.

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

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

But this Xiaoyao Wallet only has a storage function and does not involve a third party.

After all, all the businesses of Xiaoyao Mall are now direct sales, and no partners have been introduced like the Tmall Mall later.

Even in B2C platforms like Xiaoyao Mall, mobile payment is far more important than third-party payment platforms.

In the future, when mobile payments involving mobile phones and tablet computers are involved, Xiaoyao Wallet is one aspect, and more importantly, mobile payments 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 conglomerates must have their own financial entities, so that the flow and transfer of funds can be facilitated, otherwise they will always be controlled by others.

Together, the Xiannv series and the Xiaoyao series have an annual liquidity of more than one trillion yuan, which is already enough to support a medium-sized bank.

Coupled with the three main players in the Internet age, the third-party payment platform, Yuwobao wealth management business and mobile payment, at least there will be more than 5 trillion annual capital flows.

Therefore, in order to make the Xiao family run more steadily, the bank must be acquired. As long as it is not being taken for a ride, there is no problem with adding, subtracting or subtracting.

Thinking about the mistakes, Xiao Qi nodded: "Then do it!"

Yu Minwei heaved a sigh of relief, and said with a smile, "Fortunately, the bank was entrusted with the acquisition. Otherwise, they would know that it is very rare that you want to acquire, and I am afraid that the price will increase a lot."

"There is not only one bank in Hong Kong. If they want to put on a show, then it doesn't matter if we buy another one." Xiao Qi smiled slightly, "Afterwards, my Fairy Bank will enter the mainland to start business. Don't you don't want to help Yu Dong."

"Look at what you said, am I always this kind of person?" Yu Minwei smiled and said, "Hong Kong-funded banks have always been welcomed when they enter the mainland. I have to say, Qi Shao, you really played a brilliant move! Although there are loud calls for the liberalization of private banks, there will be no substantial progress in three to five years, and it is more convenient to directly acquire Hong Kong banks.”

Xiao Qi nodded.

The opening of the approval process for private banks in the mainland will have to wait until 2013, and Xiao Qi is not willing to delay the five years.

If it wasn't because he wanted to seize the opportunity, he really wouldn't have come to buy a bank in Hong Kong! (To be continued..)