I want to be a giant of Hong Kong Island

Chapter 409 [End of Inventory] (Ask for a monthly pass!)

The zipper group of the Wu family is composed of three subsidiaries: PG zipper, YKK zipper and Yaoshi industry;

Among them, Yaoshi Industrial invests in industries such as machinery, smelting, doors and windows;

Among them, YKK zipper invests in mining, chemical, nylon, plastic and other industries, and has a large number of mines in South America.

The annual profitability of the entire zipper group has exceeded 7000 million US dollars, while YKK zipper has expanded aggressively with the permission of Wu Guangyao, and its annual profit has reached 3300 million US dollars, which has a tendency to catch up with the sum of PG zipper and Yaoshi industry.

And Wu Guangyao can extract about 4000 million US dollars in profits from the Zipper Group every year, and the rest of the profits need to be used for investment, as well as dividends from Tadao Yoshida and Hitachi Machinery.

Tadao Yoshida is undoubtedly a super talent, so has he ever thought about doing it alone?

He must have thought about it, but he quickly gave up;

Without strong financial strength, it is impossible to invest in mining, chemical and other industries.

Under YKK's system, Wu Guangyao took the initiative to take out 60% of the profits every year for investment by Tadao Yoshida;

This kind of support is a sign of trust in him. After all, Wu Guangyao also helped Yoshida Tadao block Hitachi Machinery's offensive.

Hitachi Machinery wants to pay dividends, but does not want to invest; even if it invests, Hitachi Machinery also wants to invest through its own company.

But with Wu Guangyao as the major shareholder, Hitachi Machinery can't make any big waves.

"President Yoshida, long time no see!"

Li Bing greeted Tadao Yoshida warmly, without any grudges;
You must know that although Li Bing is the president of the group, he is also the president of PG Zipper. PG Zipper and YKK Zipper have had great internal competition in recent years.

Naturally, Tadao Yoshida would not be proud of his favor, because he developed YKK zippers and did not despise Li Bing.

"President Li, hello!" Yoshida Tadao greeted politely.

Li Bing then pointed to Lin Yongdong and said: "President Yoshida, this is Mr. Lin Yongdong, the new president of Yaoshi Industry, you should have met several times!"

Tadao Yoshida quickly stretched out his hand and greeted Lin Yongdong: "President Lin, we have met several times!"

Lin Yongdong also extended his hand and responded in the same way.

Before Wu Guangyao arrived at the meeting room, the three presidents gathered together to discuss. Naturally, the rest of the executives would not intervene in this kind of conversation with the presidents.

After the former president of Yaoshi Industry retired, Wu Guangyao's brother-in-law Lin Yongdong was recommended by Li Bing to become the president.

Wu Guangyao did not think too much, and agreed to Li Bing's recommendation;

Because he believed in Li Bing's vision and Lin Yongdong's ability.

After a while, Wu Guangyao walked into the meeting room, and the meeting officially started.

Wu Guangyao said, "Let's get started!"

Each president carefully reported the overall business situation and profitability of the company.

After listening, Wu Guangyao has already estimated a figure, that is, the zipper industry of the zipper group, the proportion of profits created has decreased again, only 75%;

From this point of view, the diversification process of Zipper Group is undoubtedly successful.

Wu Guangyao has always attached great importance to the diversification process of each group. After all, the ability to resist risks has been greatly enhanced, and profits will also increase.

The premise is that the steps cannot be too large.

Wu Guangyao said: "Recently, trade protectionism has been on the rise. You can consider increasing the scale of foreign investment in the zipper industry; although the profit is less, our monopoly position is stronger!"

Wu Guangyao has never concealed the importance of monopoly within the Zipper Group;
The zipper group is relying on its monopoly position to make huge profits, which cannot be washed away.

Of course, in order to guard against sanctions from European and American countries, the Zipper Group now has factories in 12 countries including Brazil, Mexico, Chile, Italy, the Netherlands, New Zealand, and Singapore, with 3000 foreign employees.

Wu Guangyao read the biographies of Tadao Yoshida and YKK in his previous life. YKK zippers have an annual turnover of 25 billion US dollars, 25 factories abroad, and 2 employees.

This achievement is also what Wu Guangyao hopes to achieve in his own zipper industry;

As for the development of the entire Zipper Group, Wu Guangyao hopes to develop into a super group company.

Everbright Group
Wu Guangyao looked at the group of executives in the conference room, and felt rather relieved;

Andri, chairman of Everbright Finance; Lei Hong, president of Everbright Bank; Liu Yu, president of Everbright Securities.

Foreigners and Chinese have both. Foreigner bankers are in charge of formulating general policies and strategies, while Chinese bankers are mainly responsible for actual operations.

Coupled with the investment information that Wu Guangyao obtained from the future, and Wu Guangyao's status as a leader of the Chinese community in Hong Kong Island, the future achievements of the Everbright Financial Department will definitely not be low.

At least in terms of investment banking, it can reach a world-class level, comparable to the existence of the Morgan family and Rothschild;
A commercial bank can also become a large regional bank.

Wu Guangyao said: "Lei Hong, come and report on the deposit situation of China Everbright Bank!"

Lei Hong said: "Currently, China Everbright Bank's deposits have reached 20 billion Hong Kong dollars, your personal deposits have reached 10 billion Hong Kong dollars, and the public's deposits have reached 10 billion Hong Kong dollars; 18. China Everbright Bank ranks third in terms of deposits among all banks on Hong Kong Island, and HSBC ranks first with HK$50 billion.”

Hiss, Wu Guangyao gasped, Hong Kong Islanders have so much savings!
Hong Kong Islanders are Chinese people, and have always had a tradition of emphasizing savings;

'Accumulate grain to prevent hunger' and 'get rich through diligence and thrift' is a tradition developed by the Chinese nation for more than 5000 years, and has always been a virtue widely praised by the Chinese society.

Since the local industry on Hong Kong Island took off in the 50s, the income of ordinary citizens has also increased a lot;
Income Citizens' income has increased a lot, but their sense of urgency of "making good firewood in rainy days" is still very strong;

The greater part of the income of these persons, after deducting necessary expenses, is mostly saved;
By the end of the 60s, these savings had reached an astronomical figure!
In fact, everyone knows that China Everbright Bank’s deposits have become the first in Chinese banks, and Wu Guangyao’s 10 billion Hong Kong dollar deposits account for half;
The other half of employees who are not Wu Guangyao have contributed a lot. These employees have a large base, high income, and extreme trust in Wu Guangyao's strength and reputation, so they will naturally choose to deposit their money in China Everbright Bank.

Wu Guangyao said: "Not counting my personal deposits, public deposits are already very valuable for our bank that has only been established for two years. What about profits?"

Lei Hong said: "In terms of profit, it mainly comes from two aspects: the first is loans, which made a total profit of 1500 million Hong Kong dollars last year; the second is investment, the 6 million Hong Kong dollars that was invested in the Buffett Investment Club of the United States through Everbright Securities, and the profit last year was 8000 million Hong Kong dollars. Hong Kong dollars (total profit of 1.2 million Hong Kong dollars)”

Wu Guangyao nodded. It's pretty good. It seems that if banks want to make money, they have to invest in financial products.

Of course, the risk is also great, but this risk does not exist for Wu Guangyao.

The interest on deposits in this era is frighteningly low compared to the interest on loans, so opening a bank will not lose money unless there is a bank run and investment failure.

Everbright Bank has ample cash flow, and the money is used by Wu Guangyao to buy bottoms in Hong Kong Island. There is a full 10 billion Hong Kong dollars that can be used.

Then, Liu Yuhui of Everbright Securities reported: "Everbright Securities currently has two businesses: the first business is the investment of China Everbright Bank, we can get 10% commission, a total of 1200 million Hong Kong dollars (Buffett's commission is 23%, 2800 million Hong Kong dollars .); the second business is direct investment in Hong Kong stocks, and last year a total profit of 1000 million Hong Kong dollars."

After listening to the report, Wu Guangyao said directly: "Liu Yu, have you found out about Cheung Kong's investment in real estate on Hong Kong Island in the past two years?"

Liu Yu thought about it for a while, and then said: "Well, according to the recent political situation on the other side, we are also considering that it will affect Hong Kong Island to a certain extent, and plan to gradually reduce our positions and wait and see."

Wu Guangyao is already very satisfied that Liu Yu can do this!

When the danger will come, even the four major families in the previous life can't predict it, they can only predict that the danger will pass, so they will buy the bottom;

When the danger comes, because they have low debt and all are fixed assets, as long as they hold firmly, they will still rise.

Buying bottoms is the main reason why they became the four major families.

"After the year, all positions will be cleared, and the new task of Everbright Securities is to set up offshore funds to prepare for direct participation in the US and European securities markets in the future."

Wu Guangyao didn't give a reason, but ordered directly.

The funds invested in Hong Kong Island Securities are only less than 4000 million Hong Kong dollars, and the loss is nothing, but it is not necessary. I can reduce a large amount of losses with just one order.

"Yes, boss!"

Liu Yu didn't hesitate, but a cold sweat broke out behind his back!
Liu Yu has studied Wu Guangyao, that is, Wu Guangyao is very keen on the general situation, so he achieved the position of the world's ship king.

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(End of this chapter)