Chapter 1897 Privatization Again!

The strength of China Merchants Bank in the Pearl River Delta and Hong Kong and Macau is indeed deeply rooted.

On the second day after Yu Minwei returned, the Wu family, the largest shareholder of Wing Lung Bank, issued an announcement. They sold their 53.1% shares of Wing Lung Bank to China Merchants Bank at a premium of 18% at a price of 17.6 billion.

In addition, YF Securities and Zhao Foundation, the two major shareholders of Wing Lung Bank, also sold 12.1% and 7.6% of their shares to China Merchants Bank at a premium of 18%.

So far, China Merchants Bank has owned 72.8% of the shares of Wing Lung Bank, becoming the absolute controlling shareholder.

China Merchants Bank also announced at the same time that it will make a compulsory acquisition of the remaining shares of Wing Lung Bank to complete the process of complete privatization.

As the largest private bank in Hong Kong, Wing Lung Bank is very influential no matter how poor it is.

Now that it is suddenly acquired by China Merchants Bank, those older Hong Kong people are all deeply moved.

But before they had time to express their emotions, the following afternoon, Guoxin Bank, one of the private banks in Hong Kong, issued another announcement.

<

The six largest private shareholders of Guoxin Bank—the Lu family with 25% of the shares, the Huang family with 23% of the shares, Tenglong Trading with 8% of the shares, and HSBC Asset Management with 6.8% of the shares The Ministry of Finance, Hong Kong Kowloon Group, which holds 5.1% of the shares, and Yunfeng Fund, which holds 4% of the shares, all transferred all the shares in their hands to a consortium led by China Merchants Bank, with an estimated value of 21.6 billion Hong Kong dollars.

According to the regulations of the Hong Kong Stock Exchange, listed shareholders who exceed 5% must press release specific information.

Therefore, in less than an hour, this mysterious consortium that controlled 71.9% of the shares of China Reform Bank in Hong Kong surfaced.

Fairy Company!

Hearing this name, Hong Kong's stock market and business circles were in an uproar.

Good guy!

It was not enough for Xiao Qi to spend a lot of money in the United States some time ago, so he came to Hong Kong here. Started to toss the banking industry again!

But the sensation is the sensation, and everyone has no meaning of excitement.

Because everyone knows Xiao Qi's character, he basically doesn't like to share wealth with others, except for those super big companies in the United States who can share wealth on the dream pad, there is no other company that can enter the fairy line Company, share wealth.

This time the bank is such an important industry. Of course, it is even more impossible for Xiao Qi to share it with small shareholders in Hong Kong.

Sure enough, before the closing of the Hong Kong Stock Exchange, Fairy Company entrusted China Merchants Bank to file an application to privatize Guoxin Bank.

Although China Merchants Bank and Xiannv Company did not meet the 75% requirement for Wing Lung and Guoxin, the remaining shares are basically in the stock market, which can be achieved by acquiring a little, so this number of shares can already be privatized standard.

The losers are the shareholders of Guoxin Bank.

They felt that if they knew that Xiao Qi was going to buy it, the price would not be so cheap. It should be at least two floors more expensive.

However, the lawyer team and contract department of China Merchants Bank have long been on guard against this, and the "entrusted purchase" is clearly stated in the contract, and the liquidated damages are also set very high, making them unable to go back on their word.

Hong Kong is different from the mainland. If they regret it after signing the contract, they will not get support, so they can only "swallow their breath" and leave with the money.

Also lost are Hong Kong investors.

They have not encountered a high-quality listed company listed in Hong Kong for many years. Suddenly they heard that Xiao Qi had bought the shares of Guoxin Bank. Originally, they wanted to buy the shares of Guoxin Bank immediately to benefit from it. But in a blink of an eye, Xiao Qi announced the privatization of Guoxin Bank, which caused many people to scold him.

The happy ones are the staff of Guoxin Bank.

Guoxin Bank, which has 15 branches, was originally one of the second-tier banks in Hong Kong. On weekdays, it only relies on old customers to eat, and deposits and loans are their most important sources.

But even if there are more loans and deposits, Guoxin Bank's capital and reputation are too low. So basically they can't make much money, and a rate of return of about 10% a year is already good.

Now that Xiao Qi is the boss, no one believes that Xiao Qi just bought a bank in Hong Kong for fun.

In the future, Xiao Qi will definitely bring Guoxin Bank to a higher level. I dare not say that it will compete with HSBC, Hang Seng, Bank of China, etc. in Hong Kong. But entering the mainland market is a certainty.

Once they enter the mainland market, these old employees will naturally go up!

However, it would be a joke if they thought they could dominate the entire China Reform Bank.

Xiao Qi attaches great importance to Fairy Bank, which is about to be renamed.

In the next year, many commercial banks and investment banks in Europe and the United States will go bankrupt or be merged, so that countless talents will lose their jobs. Xiao Qi commissioned several large headhunting companies to select some with good character and ability to work. Strong, it is not difficult at all.

In addition to experienced foreign bankers and investment bankers, Xiao Qi also needs some senior bankers who understand domestic policies.

Here, Xiao Qi's main fancy happens to be the soon-to-retire president of China Merchants Bank - Ma Hua.

The age of sixty, on Wall Street abroad, belongs to the prime of life, and it is far from the time to retire.

Due to the country's policies and regulations, MCA could no longer work in China Merchants Bank, but instead became the president of Fairy Bank. If it takes care of the overall situation, it will be no problem to work for another 10 years or so.

Mahua is capable and has a huge network. With an old man like him in charge, Xiao Qi doesn't have to worry about whether he can integrate into the overall banking environment in China.

What Xiao Qi has to do now is to push Yu Minwei to the top position as soon as possible, so that MCA can take the initiative to retreat to the second line.

Once MCA has relegated to the second line, it is definitely not too difficult to persuade him to retire early to face new challenges and control a bank with a bright future.

Ma Hua came to be responsible for the management, and Xiao Qi found him a capable deputy, which was not only a kind of supervision of power, but also a kind of training, which was also a long-term plan.

And this candidate, Xiao Qi already knew it in his mind!

As for domestic business personnel, it is even simpler. There are too many financial graduates in China, and there are also a lot of first-line temporary workers in banks. With the salary of a fairy, I am afraid that countless elite talents will not be found. ?

Anyway, Xiao Qi's initial plan is to open branches in prefecture-level cities and cities above, and the number will not exceed 50. Slowly develop and cultivate talents, Fairy Bank will definitely not want to become a big fat man. .

However, opening a bank is not that simple. Apart from personnel and contacts, the most important thing is money.

Private banks are not state-owned banks, but they are absolutely supervised by the People's Bank of China, and the supervision will even be stricter.

There should be deposit reserves, interest rate audits, account statements, quarterly audits, etc., not only are there a lot of them, but also the People's Bank of China will have stricter standards in terms of loans and financial products and services.

Fortunately, Xiao Qi's plan was not to compete with commercial banks for food.

He just uses the bank as the basic platform to facilitate his own third-party payment platform, mobile payment, online wealth management products, etc., and has a substantial carrier.

With such a bank standing there, people will have more confidence in the financial services on these networks, otherwise they will feel that this is somewhat illusory and unrealistic.

Alibaba, Jingxi, Baidu and Penguin can only operate online by 2013. Xiao Qi has established a physical bank a few years in advance. Extremely incompetent.

However, at this moment, Niu Ruzheng called.

"What's the matter with your bank?" Niu Ruzheng is very familiar with finance, "Are you going to open it in the mainland? The template of Fairy Company is indeed the template of Samsung, LG and Japan's six major consortiums ?"

"You can't say that, but this is something that a consortium has reached a certain level and must have." Xiao Qi knew that he would ask sooner or later, and he also had an answer in his heart: "Uncle Niu, not only from Korea and Japan, but also from foreign countries. The consortium also has the support of the bank, is it good that their development is different? Will you not suppress me just because I bought the bank?"

"Who wants to suppress you?" Niu Ru said with a smile: "I just want you to pay attention. The banking industry in China is very cautious. If you want to step in, you don't know what the consequences will be!"

"Don't worry, I won't compete with them for deposit business and loan business." Xiao Qi said with a smile, "You know I'm engaged in online finance, whether it's an e-commerce platform or something I plan to do. The mobile payment platform is the direction of my efforts."

Xiao Qi often talked about online business with Niu Ruzheng before, not only third-party payment, mobile payment, etc., but Niu Ruzheng also knew about these things.

But of course Niu Ruzheng didn't know how big the future of online financial management would be. Hearing that Xiao Qi said that he would not compete in the main business of the bank, he felt relieved for the most part.

Naturally, he wanted to help Xiao Qi. Since Xiao Qi stated that he would not accept the bank's traditional big cake, it would be easier to handle.

After all, there have long been precedents for Hong Kong banks to conduct business in the Mainland.

Even if Fairy Bank is Xiao Qi's property, they are registered and operated in Hong Kong. If they are prevented from entering the mainland, it will be very inconsistent with the country's general policy.

In this way, Niu Ruzheng is helping to deal with it, Xiao Qi's bank can at least develop smoothly in the mainland.

What's more, Niu Ruzheng also wants to see how far Xiao Qi can achieve in the field of online business!

If it is done well, it will naturally be a great thing for the country and ordinary people! (To be continued..)