Hong Kong's new giants

Chapter 382 [Bank Planning]

On the first working day in 1991, Lin Zuhui first came to the family office.

Today, most of the senior staff of the family office have left Xiangjiang and returned to their respective jobs.

Li Hao came to Lin Zuhui's office. He is now an investment manager in the investment department of the family office and manages a fund that specializes in investing in Hong Kong stocks.

Lin Zuhui asked: "How is the progress of buying blue chips?"

As early as November last year, several funds of the Family Office had been established and began to buy US stocks, British stocks, and Hong Kong stocks.

The fund that Li Hao is in charge of has a total of 45 billion Hong Kong dollars. In addition to the 40 billion used to buy blue-chip stocks, the other 5 million is used as "free" investment funds for investors.The Hong Kong Family Office also has 5 million funds and has established a real estate fund specializing in investment properties.

As far as the current situation is concerned, because of the existence of Lin Zuhui's "open hook", the funds of the family office will basically choose to invest in financial products.As for large-scale investment in the industry, we have to wait until the assets of the family office double before considering it.It can also be said that after the Xiangjiang stock market can no longer accommodate it, then consider it.

Li Hao said seriously: "Currently, we have bought 35 billion blue chip stocks, and we can complete all our goals soon."

Lin Zuhui nodded. Investing in blue-chip stocks made him feel at ease. It may not be as strong as other stocks, but they are winning steadily.

Then the two discussed the details of the investment before concluding the meeting.

Judging from Lin Zuhui's arrangement, of the 50 billion funds of Xiangjiang Family Office, a full 45 billion is invested in projects he is familiar with, and only 5 million is for investors to "play freely".

The same is true overseas.

It can be seen that the main function of the current home office is not investment, but service.

In the morning, he arranged for Hengjin Investment to start buying the Hong Kong stock April futures contract. After some arrangements, he felt at ease.

Although futures contracts are also leveraged, Lin Zuhui is more familiar with Hong Kong stocks after all and feels more confident.And there is no risk, after all, many rich people are investing in this thing.

After arranging the investment, Lin Zuhui sat in the office and began to think.

He still has a cash flow of more than 50 billion yuan in his hand, and has no investment channels, so he can only put it idle in the account, which makes him happy and heartbroken.

He actually wants to keep this money to develop the banking industry!

Soon, he began planning the banking industry.

He is a real estate developer, and the reason why he has never had a development bank is simple:
If he is a banker, other banks will not be so quick and convenient to lend to New Era Group;

He is a big real estate developer, and depositors are not at ease putting their money into his bank. They will think that Lin Zuhui will invest their money in real estate. If they lose money, they will lose a lot if the bank goes bankrupt. This kind of thing is in front of Xiangjiang Happened frequently for decades.

But now things have changed:
First, New Era Group has huge assets, sufficient cash flow and excellent reputation.So even if he is a banker, there are banks that are willing to lend to New Era Group, especially overseas banks and Chinese banks, and they are even more willing to lend.

Second, Lin Zuhui's personal influence and reputation have grown to become the top businessman in Xiangjiang.Now his strength has been exposed. For example, Hong Kong investors know that Lin Zuhui's listed company does not pay much dividends, but Lin Zuhui himself has huge wealth.

Of course, there are still drawbacks!
However, the development bank is more suitable for his next path, because many financial investments in his mind need a bank to support them.

Now that he has decided to develop the banking industry, Lin Zuhui also began to synthesize his memory to think about how to get involved in this industry.

Two options came to his mind: Overseas Trust Bank, China Commercial Bank (Hong Kong)

Overseas Trust Bank:

Founded in 1956, the bank was led by wealthy businessman Zhang Mingtian from Malaysia and invited Hong Kong businessmen such as Hong Kong banker Cao Yao. The bank went public in 1972 and built a 1976-storey head office building in Wanchai in 30.Before being taken over by the Hong Kong government, Haito Bank had 43 local branches, 8 overseas branches, and controlled Industrial and Commercial Bank of China and Dajie Finance Company.

In June 1985, Hightower broke out the crisis of "unable to repay debts". The Hong Kong government took urgent measures to prevent the banking crisis from spreading to the whole Hong Kong Bank.The Hong Kong government injected 6 billion Hong Kong dollars and took over Hightower Bank. In 20, it lost 1986 million yuan, and the cumulative loss was 2.3 billion yuan; in 31, it began to turn losses into profits, and the current cumulative loss should be around 1988 billion yuan.

China Commercial Bank (Hong Kong):

China Commercial Bank (Hong Kong) is a wholly-owned subsidiary of International Commercial Credit Bank. Currently, Xiangjiang has more than 30 branches, and its parent company is registered in Luxembourg.

A few years ago, China Commercial Bank (Headquarters) was found to have close contacts with politicians, drug lords, and arms dealers in the third world, and did not launder money from drug lords. It was called a cocaine bank.Therefore, the original Pakistani major shareholder Abhi was replaced by the major shareholder of the UAE government.However, there are still many problems. Many national banking authorities have already monitored China Commercial Bank, but there is no evidence.

Although China Commercial Bank (Xiangjiang) is operating independently, it has actually 'disappeared depositors' money' and has a lot of bad debts.

In the previous life, in July of this year, the Bank of England commissioned an accountant to inspect the China Commercial Bank, and finally discovered fraudulent activities such as falsified accounts.

Then, the biggest scandal in the world banking industry broke out in the 90s. China Commercial Bank had lost 40 billion US dollars.

China Commercial Bank (Hong Kong) is also unavoidable. It has 110 billion deposits and more than 4 depositors.When the British issued a warning to the Hong Kong authorities, although Xiangjiang immediately dispatched HSBC and banking supervisory commissioners, many depositors did not withdraw money immediately because they emphasized that "everything is normal" on the first day.It was officially closed the next day.

It is conceivable that the China Commercial Bank (Hong Kong) incident broke out, and a large number of depositors protested and sat in on the Hong Kong government and on the road.Because the Hong Kong government feels that this is a foreign bank, it chooses not to use its reserves to save the China Commercial Bank (Hong Kong), so the money of the depositors of the China Commercial Bank cannot be withdrawn.

The final fate of Xiangjiang International Commercial Bank is to apply to the High Court for liquidation. The depositors' money was not fully recovered until 1999, through various means such as gradually selling assets and recovering bad debts.

In the office, Lin Zuhui began to pace and think.

If he chooses to ask the Hong Kong government to apply for the purchase of an overseas trust bank, the Hong Kong government may not necessarily consider him, because he has no experience as a banker; and the overseas trust bank has become a favorite. In his previous life, he sold 1993 billion Hong Kong dollars in 43. sky-high price.You know, there were about 16 billion Hong Kong dollars in debt at the time.

There are many banks pursuing overseas trust banks, and the Hong Kong government finally chose Guoco Group, because Guoco Group performed well in the purchase of Hang Lung Bank.

That is to say, the Hong Kong government will not open their eyes to money. They need to consider the ability of the successor, so as to avoid another banking crisis and affect the entire Hong Kong banking industry.

"If I handle 'China Commercial Bank (Hong Kong)' well, then I will have the greatest advantage!"

However, in the previous life, it was not that no consortium wanted to acquire China Commercial Bank (Hong Kong), but the results were all based on bragging because the Hong Kong government's foreign exchange fund did not guarantee the bad debts of China Commercial Bank (Hong Kong).

Moreover, during the temporary liquidation period, Huaren Bank (the predecessor of China CITIC Bank) also intended to take over the offer, but suddenly there was a 25 billion unrecorded overseas debt claim, and Huaren Bank could not bear the debt and had to give up.

If Lin Zuhui wants to take over, he has to consider two issues: first, the depositors’ money in the previous life was not fully paid until 1999, which shows that the deficit is serious; second, the unrecorded debt of 25 billion has to be considered.

Even if Lin Zuhui paid a symbolic 1 Hong Kong dollar for the acquisition, he still needs to deal with a large amount of debt, which is obviously not cost-effective.

I still don't have enough money, otherwise I need to think too much!

In the end, Lin Zuhui decided to let this matter go, and he couldn't rush to make a decision!
On January 1, Xu Jinheng got married at the Grand Hyatt Hotel in Hong Kong.

The hotel lobby, auditorium, reception venue, stair passage, etc. have all been decorated and filled with flowers and green leaves. The flowers and green leaves used for the wedding are airlifted to Hong Kong from the Netherlands and France, and are cut and arranged by famous French masters. The expenditure in this area has reached 300 million.The Dior wedding dress that Ms. He wore was specially made to Paris by famous designer Ferre, worth 60 yuan.

The wedding was held over three days, with relatives of both parties on the first day, business and political friends and associates of both families on the second day, and friends of the newlyweds on the third day.

Lin Zuhui and Wang Lingyin attended the wedding on the second day. Compared with Lin Zuhui's big wedding back then, after all, it was still more than a step away. It can be seen from the identity of the distinguished guests that almost no one was sent by the Hong Kong government or the mainland.Over the past few years, I have had trouble with the Hong Kong government over the issue of gambling at sea.

"Congratulations, we've been together for a hundred years and have a son!" Lin Zuhui said hypocritically as soon as he arrived at the scene.He clearly knew that the newlyweds would be separated in less than two years, but it was embarrassing for him to say something that violated his conscience.

"Thank you, Lin Sheng and Mrs. Lin for your blessing!" Xu Jinheng said politely.

It looks really honest, but it is a romantic seed.Unlike Lin Zuhui, he looks like a romantic, but in fact he is also a romantic.

Ms. He started to slander her, because they were good friends in the circle, and once at a party, Lin Daheng blatantly stated that the two of them were not suitable.Of course, she didn't take it seriously because it was a relationship of friends, not to mention that this marriage is a business joint venture. In her opinion, as long as the man is not bad, it is acceptable.But now this Lin Daheng is really hypocritical!
He Sheng, Xu Shixun and his wife also greeted Lin Zuhui and his wife one after another, treating everyone in the same position, not daring to treat Lin Zuhui and his wife as juniors.

Walking into the wedding scene, Lin Zuhui and Wang Qilin met together.

"Father-in-law, mother-in-law!" Lin Zuhui shouted in a rather unique way.

Wang Qilin and his wife immediately responded, also unlike the usual attitude towards their son-in-law, they seemed very approachable.

Over the past few years, the Wang family has made steady progress in Xiangjiang, and even managed to turn a medium-sized real estate company into a large real estate company, which is almost the same as Eagle King.At present, Gaosheng Real Estate has a market value of 60 billion Hong Kong dollars, ranking No. 20 among the top 13 real estate companies in Hong Kong.In his previous life, he had never heard of how famous Gaosheng Real Estate was, but in this life he performed very well.

However, Lin Zuhui is still not optimistic about Gaosheng Real Estate, because Wang Qilin has invested a lot of rental properties in the past two years and has not paid attention to land reserves, so he will soon lose competitiveness.

Of course, with so many rent-collecting properties under its umbrella, plus the properties under private names, the Wang family is worth almost 100 billion.

Of course, it is not considered rich. After all, according to statistics at the end of last year, there were 2000 people in Xiangjiang with a worth of one billion yuan, and more than 50 people with a worth of 100 billion yuan.Many people have a lot of assets overseas, which cannot be counted at all.

"Zu Hui, what have you been up to recently?" Wang Qilin asked with concern.

Lin Zuhui said: "I am busy with everything. Overseas, mainland China, and Hong Kong affairs, the richer I am, the busier I am!"

Wang Qilin knew that his son-in-law was not bragging at all. In the past half a year, the stock price of New Times Group has skyrocketed, and ATV has been listed.

Although the market value of the Cheung Kong Group is very high, Hutchison Whampoa is a subsidiary of Cheung Kong and Hong Kong Electric Jiahong is a subsidiary of Hutchison, and they are not directly listed in the name of Li Chaoren, so a penny will not be counted in Li Chaoren on the net worth.

On the contrary, New Era Group's asset value is concentrated in one company, and Lin Zuhui's shareholding is as high as 49%, so his net worth is very high.

Wang Qilin asked tentatively: "What do you think is the rate of return for investing in overseas industries?"

Lin Zuhui said generously: "It's very bad! Father-in-law, let's stop in moderation, as long as you have that meaning!"

His second brother-in-law, that is, Wang Lingyin's second brother, has been in Canada, and Wang Qilin has also purchased a lot of assets in Canada.

Wang Qilin nodded!

After a while, people came to say hello to Lin Zuhui one after another. He seemed busier than anyone else.

His current status is prominent, and he can no longer be viewed from the perspective of a businessman.

When he put forward the idea of ​​"prospering Hong Kong with Hong Kong culture", he had already become a top businessman in Hong Kong, even Li Chaoren was slightly behind.

"Lin Sheng, I heard that you invested in Citicorp Bank in the United States to save them from danger?"

"Awesome, I only heard that Citicorp Bank in Hong Kong participated in helping the problematic Chinese-funded banks before, but now I didn't expect that the headquarters of Citicorp Bank is actually us Chinese who are helping them!"

Recently, news came out from the United States that a wealthy Chinese man had invested US$2 million in Citigroup, and Xiangjiang reporters rushed out to interview Lin Zuhui and Li Chaoren.Li Chaoren naturally denied it, but Lin Zuhui couldn't deny it.

Wanguobaotong is now unable to protect itself, and the funding gap is almost more than one billion US dollars, but no one dares to invest; and now that the rich Chinese and the princes of the Middle East invest, they naturally use it as a publicity signal that they will not go bankrupt.

Therefore, Lin Zuhui was exposed!
"It's all normal investment. I think the prince of the Middle East invested, and he followed suit!" Lin Zuhui said modestly.

"A lot of U.S. banks have failed in the past two years!"

"You don't understand. What Lin Sheng is good at is buying the bottom. He bought the bottom in the August [-]th stock market crash and the August [-]th crash!"

Everyone has it. Although the words are flattering, they are a little uncomfortable to hear.

(End of this chapter)