Chapter 1129 Financial Industry
In the conference room of Hurricane Building's office building in Century Park, Shanghai, Yang Dongxu sat in the chairman's seat. Yesterday, it was Lai Tianqing, Zhu Hengyi, Qian Liang and others.
On the right were Hurricane Building's senior executives, Zhao Yu, Huang Ying, Yu Yi and others.
Below them sat Li Fuzhen, Zhou Huaiguo, Wang Qing, Wu Aibing and others. It can be said that almost all the shareholders and senior executives of Hurricane Building, a real estate giant, were present today.
However, what they were discussing today was not the merger of Xinghai Hotel and Sanwan Travel Agency. This proposal was passed half a month ago, and the contract was officially signed after a long negotiation three days ago. Li Fuzhen is already a shareholder of Hurricane Building and the manager of Xinghai Hotel and Sanwan Travel Agency, two of Hurricane Building's flagship products.
Yang Dongxu has absolute control over Hurricane Building, and although he has been a hands-off boss for these years. But the company's control has never weakened. Sanwan Travel Agency was originally his company, and Li Fuzhen has absolute control over Xinghai Hotel.
So after some wrangling over share swaps, everyone signed the contract happily. Hurricane Construction, this behemoth, installed two development drivers on itself. Li Fuzhen has transformed into a shareholder of a 100 billion group, and is also a powerful senior executive.
Today's meeting mainly discussed whether Hurricane Construction is involved in the financial industry. Yes, it is the financial industry that Yang Dongxu said that people who play with finance are dirty.
Originally, he refused to think about this topic, because he really didn't want to touch any finance in China. There are so many money-making projects, and he didn't want to be involved with these people.
However, after communicating with Li Fuzhen, some insights of this Samsung princess and her views on finance made him change his mind, so there was today's meeting.
"Currently, Hurricane Construction is involved in real estate, hotels, tourism, cinemas, and highways." Since there are so many people today, and they just have two very powerful subsidiaries to supplement, Yang Dongxu asked Zhao Yu to give a brief introduction to Hurricane Construction at the beginning of the meeting.
Although he and Lai Tianqing and others have been friends for many years, when Hurricane Construction is developing more and more rapidly and is already a behemoth at this time, it will have unlimited prospects in the future. Some things are better handled in a public manner. Friendship is a private friendship, and company affairs are handled according to the company's rules and regulations.
Of course, this introduction is just a rough introduction. For example, if we talk about real estate projects alone, they include high-end residential buildings, boutique communities, shopping malls, office buildings and many other projects. Today's introduction is just a rough statistics.
With Zhao Yu's introduction, even the chairman Yang Dongxu was a little excited, not to mention other shareholders. Although everyone knows the company's situation very well, Yang Dongxu has spent a lot of time at work in recent years.
But when these industries are placed in front of them one by one, everyone still feels shocked. It's like there is a mountain in front of you. It looks small at first, and then it gets bigger and bigger with Zhao Yu's introduction, and finally becomes an existence that people look up to.
"In summary, because Hurricane Construction has extremely strong assets, and with the beginning of signs of recovery in real estate at the end of this year, the company's senior management held a meeting to study that in order to develop the company better and faster, we should get involved in the financial industry." The introduction took more than ten minutes.
In addition to the industries involved in the company, there are also the current development status of each project. This is just an introduction. If it is introduced in detail, it is estimated that one project will take more than half an hour.
However, although the content looks a bit boring, all those who do it are the owners of the huge industries represented by these boring contents. Therefore, no one was impatient, but was happy to continue listening.
Knock knock!
Yang Dongxu knocked on the table in front of him, awakening the senior executives and shareholders who were silent about the fact that Hurricane Construction was so powerful.
"Let's talk about it. Should we get involved in the financial industry?" Yang Dongxu said.
He didn't have a good impression of these industries, especially the domestic financial industry, which was indeed chaotic. In addition, Hurricane Construction has always had a good credit and strong assets, and some banks have taken the initiative to ask for loans.
At the same time, since the establishment of the company, it has maintained a good cooperative relationship with the central bank and major banks. In recent years, it has become an important customer of Minsheng, and Yang Dongxu is still a shareholder of Minsheng. So for this area, it has always been outsourced and has never been involved in it.
But Yang Dongxu knew that the previous denial of this issue was actually a bit emotional. The company's development is not because you don't like it, so you can veto the project that is beneficial to the company's development.
Of course, as an absolute major shareholder, Yang Dongxu can veto it, and Hurricane Construction will not collapse because of this. But this is obviously not a naive choice that a mature businessman should make.
Many people think that Hurricane Construction's original business is weird enough, and some even feel that Hurricane Construction is showing off. Everyone is busy making money, only you are capable and have a conscience.
But as Hurricane Construction develops better and faster, they can only slap themselves in the face. There is no way they can do it. They just have the ability to develop better than you. There is no point in saying sour words when the facts are there.
But a real estate company that does not involve the financial industry is not weird, it is simply an alternative. Looking across the country, and even around the world, which real estate company that is well-known does not have one foot in the financial industry?
For example, Wanda's four major industries are business, culture, real estate, and finance. Evergrande Group is also real estate, Jiankang, tourism, and finance. Another example is Vanke, and another example is China Resources.
Not to mention real estate, companies in other industries that have developed into large groups are also playing in finance. For example, big bosses in the automotive industry, the mobile phone industry, and even the textile industry.
In short, the top companies or groups with capital in each industry will basically play finance. Even if you can't afford a bank or insurance, you can still set up a securities company. They cannot afford to play with the securities of other companies, and there are many people who play with the securities of their own company.
Therefore, as a mature group company, the financial industry is an important complementary part of the company, and it is also a very profitable industry. You can't cut off this important component just because of your personal preferences.
"Test the securities market first, or something else?" Lai Tianqing leaned on his chair and said.
Although he is not the second largest shareholder of Hurricane Construction, he is undoubtedly the most prestigious among all shareholders except Yang Dongxu and Li Fuzhen. Moreover, the industry in Lai Tianqing's hands is actually much more powerful than Hurricane Construction, because they really have mines at home, and there are many mines.
Yang Dongxu didn't speak, and Zhao Yu said: "The current plan discussed by the company's management is that since it wants to get involved in the financial industry, it will involve banking, insurance and securities together. Hurricane Construction has enough capital to support it.
Of course, due to the particularity of domestic banks, this aspect of business may require finding suitable banks in Hong Kong or other countries for acquisition. Or further strengthen cooperation with other domestic banks instead. "
The three major financial industries are banking, insurance and securities. Zhao Yu's desire to dabble in everything at once sounds a bit eager for quick success, but it's just like what he said. With the current strong strength of Hurricane Construction, it is not risky to have enough capital to do all this.
"Is there any possibility that the company plans to go public?" Lai Tianqing asked after pondering.
Everyone's eyes couldn't help but look towards Yang Dongxu. It was obvious that only he had the right to make this decision. If you are involved in finance, listing your company will undoubtedly give you more freedom.
"The company has no plans to go public for the time being." Yang Dongxu said calmly.
Although they have known this answer for a long time, many people were still a little disappointed when they heard it with their own ears. After all, although the company's market value may be limited after listing, personal assets can indeed expand many times rapidly. Millionaires, multi-millionaires, and even billionaires can be mass-produced overnight.
This is also one of the weird points that makes hurricane architecture considered weird by other peers. Because everyone is eager to get the company listed immediately, but Hurricane Construction, let alone domestic, seems to be indifferent to Snardak in the United States.
"How will the specific business be carried out?" It was Zhu Hengyi who spoke.
"Insurance business can start with car insurance. The first goal of the plan is to win the car insurance business of BMW Motor Company. BMW cars are of excellent quality and have a good reputation.
At the same time, it has perfect after-sales service, so it may take a lot of profits to win this business. But the advantage is that the risks are small and stable. You can use this to train manpower in the insurance department, and then gradually get involved in life insurance, medical insurance and other fields.
As for securities, it must be based on hurricane construction, and roads can be used as a pilot first. Highway investment is huge and has a long profit period, so it can be made into long-term securities of three or even five years," Zhao Yu began to talk.
A qualified topic does not just mean that you mention a name, it must have a proper and convincing implementation plan. Of course, it is up to the boss to decide whether the issue is passed or not, but the work must be done properly.
Regarding this point, Zhao Yu and other senior executives of the company are obviously qualified executives, and they naturally do everything they can.
Listening to Zhao Yu's narration, Zhu Hengyi kept nodding. This execution plan is very feasible. Coupled with the size of the hurricane building and the network resources behind them, it is basically a sure-fire deal.
"Since there are no objections, let's carry out the project according to the plan. Manager Zhao is directly responsible for this project, with Huang Ying assisting. However, in addition to highways, the Securities side also includes Sanwan Travel Agency."
Having said that, no need to ask, everyone in the company agreed to enter the financial industry. Yang Dongxu made the decision directly without any pretense. Everyone in the company was overjoyed.
After being happy, Zhao Yu opened his mouth and wanted to say something. Naturally, he had no objection to the fact that Sanwan Travel was included in the securities business.
Because whether it is highway construction or scenic spot development, the largest investment is actually infrastructure construction. This issuance of securities to raise funds will indeed help alleviate the financial pressure on the project.
However, the biggest financial pressure for Hurricane Construction obviously comes from the real estate project itself. Compared with the huge real estate projects, the infrastructure construction of roads and scenic spots can be said to be insignificant.
Yang Dongxu seemed to understand what Zhao Yu wanted to say, and said: "We will discuss the real estate project after we start securities business. Let's do a good job in these two projects first."
Zhao Yu nodded and said nothing. Real estate projects are the foundation of hurricane construction, so it should be prudent. Although he felt that his plan was actually solid enough.