Hong Kong's new giants

Chapter 435 [Reward, [-] million! 】

Thursday, November 1.

The Hong Kong government announced that it will sell Overseas Trust Bank to Octopus Financial Group at a cash price of 25 billion.

For a time, Hong Kong and Kowloon were shaken.

The media conducted verification and interviews one after another, and made extensive reports:
Octopus Financial Group is a subsidiary of Octopus Holdings, which is a wholly-owned company of Mr. Lin Zuhui.

This transaction does not involve China Commercial Bank, that is, all funds are paid out of Mr. Lin Zuhui's personal funds.

Overseas Trust Bank turned losses into profits in 1988. Last year (1991) it made a profit of 2.7 million yuan, and its accumulated losses have been reduced to 21.5 billion yuan. Based on this good momentum, it will have a bright future in a few years.

After the completion of this transaction, Octopus Financial Group will have two banks - China Commercial Bank (Hong Kong) and Overseas Trust Bank; there will be 75 branches in total, second only to Bank of East Asia, ranking second among Chinese banks; With 191 billion deposits, the deposits are ranked after HSBC, Bank of China, Hang Seng, and Bank of East Asia, and more than Standard Chartered Bank.

Regarding the rapid development of Octopus Financial Group, the media have also reported that no one can replicate it, because Mr. Lin Zuhui paid 75 billion Hong Kong dollars in real money.

For a while, Lin Zuhui's financial resources were once again talked about by the citizens of Xiangjiang, and even spread overseas.

Kowloon, China Commercial Bank Building.

The senior executives of Octopus Financial Group held a meeting with Lin Zuhui in the conference room.

Attending this meeting were Li Rongheng, CEO of Overseas Trust Bank, and several senior executives from Overseas Trust Bank.

The president of Octopus Financial Group is a Chinese named Liu Guoquan; the vice presidents are He Changhong and British Dilles.

Among them, He Changhong is the Chief Executive Officer of China Commercial Bank (Heung Kong), and will also be the Chief Executive Officer of the upcoming 'Octopus Bank'.

Although there are some foreign executives in the entire Octopus Financial Group, they are mainly doing consulting work, ensuring that Octopus Bank does not have the common problems of family banks, and endowing the company with the philosophy and experience of western banking (for reference, not copying).

In other words, although Lin Zuhui is the sole shareholder of Octopus Bank, Octopus Bank still has to operate and operate in accordance with the rules and regulations of Heungkong Bank and the general standards of international banks.

Octopus Bank cannot be regarded as Lin Zuhui's personal bank, otherwise problems will arise sooner or later, which will not be conducive to development;

Therefore, when the time is right, Lin Zuhui will organize it to go public.

Only through listing, Octopus Bank is essentially a public bank.

Of course, the Lin family can still influence the Octopus Bank through the Octopus Financial Group, instead of handing everything over to outsiders.

At the beginning of the meeting, Lin Zuhui, as the chairman of Octopus Financial Group, took the lead to say: "The two banks will complete the merger and rename this year. This is the top priority. He Changhong, Li Rongheng, and Li Huimin, the three of you are the heads of the 'bank merger team', He Changhong will serve as the post-merger chief executive, and Li Rongheng and Li Huimin will serve as executive vice presidents."

"Yes, boss!" The three replied immediately.

Lin Zuhui also said: "Liu Guoquan led the Octopus Financial Group, supported and supervised them, and ensured that everything will be safe and there will be no mistakes!"

Liu Guoquan nodded and said, "Okay, boss!"

Lin Zuhui continued: "Octopus Bank itself has become a large Chinese-funded bank in Hong Kong. Logically speaking, it does not need to find a big backer like a small local Chinese-funded bank. However, Octopus Bank itself has a big backer like me. So the loan-to-deposit ratio can be slightly higher, and I set it at 49%.”

For example, Bank of East Asia and Hang Seng Bank are generally below 50%, Bank of East Asia is only 43%, and Hang Seng Bank is 45%.

The downfall of Chinese-funded banks has also scared the courage of some small banks. For example, Wing Lung Bank's loan ratio is below 40%.

However, Lin Zuhui feels that he has Hengjin Investment and a family office as guarantees, and the loan-to-deposit ratio of 49% is considered conservative; in the event of a run, Lin Zuhui will have no problem raising 50 billion in a few days.

What's more, every bank run is caused by 'external factors', and Lin Zuhui knows that only the Asian financial crisis can cause a banking crisis.

If so, be a little more courageous.

He Changhong said: "49% is not very high. Compared with Hong Kong Base's 90%, it is completely insignificant. The boss's reputation is excellent, and Yu Hengjin invested in this private investment company. The deposit-loan ratio of 49% is still very high. Safe."

Hong Kong-based Bank is really fierce, with 60 billion deposits and 56 billion loans, leaving only a little cash for backup.

Of course, once a bank run occurs, with the support of Arab banks and the backing of petrodollars, it can survive without any danger.

Last year, the China Commercial Bank broke out, and all banks with a Middle Eastern background suffered a run.But Hong Kong Base Bank still survived, and now it is still "doing its own way" and lending a lot of money, isn't it because of the support of "Ah Hang"!

Then, Lin Zuhui said: "When you lend money, please pay attention. The mainland is opening up the market more vigorously. At that time, our real estate developers and factory owners will invest heavily in the mainland. We can consider loans in this area. I think it is very guaranteed. "

Everyone did not doubt Lin Zuhui's gaze, so they all nodded in agreement.

Then, Lin Zuhui stopped speaking and let professional people continue the discussion, while he took paper and pen to record, which is regarded as learning.

This time Octopus Financial Group reached a deal with the Hong Kong government, Lin Zuhui immediately asked the heads of each branch to be vigilant to see if any depositors withdraw their deposits out of worry.

Theoretically, there will be no such thing. After all, Lin Zuhui has excellent reputation in Xiangjiang, and he bought it directly with cash.

But he won't take it lightly!
Of course, this week Hengjin Investment successfully closed its foreign exchange position and cashed out 49.5 billion Hong Kong dollars in cash. This is the confidence.

Even if the expenditure is 25 billion Hong Kong dollars, there will be 24.5 billion remaining.

In addition, Lin Zuhui also deposited 10 billion in China Commercial Bank, a full 34.5 billion in cash.

Hengjin Investment invested 4.4 million in the May index futures and purchased 1 futures contracts. At that time, the liquidation will also return more than 10 billion (the mainland factor caused the stock market to soar).

For a moment, Lin Zuhui's pockets bulged, and his confidence increased greatly.

On Saturday morning, Lin Zuhui held a meeting. The management who attended the meeting were all senior staff of New Times Group (Huaxia).

New Times Group (Huaxia) is in charge of real estate investment projects in the Mainland, including real estate development (sales), investment in real estate (rental collection), and infrastructure construction, excluding ports, retail, beverages and other industries.

At the meeting, Lin Zuhui said: "President Lu, lead a team to the mainland immediately, and plan to go to Yangcheng, Magic City, and Beijing to set up offices and recruit local employees."

Lu Donglai's spirit was shaken, finally it was his turn to play!

Although he has always been the core executive of the New Era Group, his position has been changing. In the past year, he has only been the director of the group and the president of the New Era Group (Huaxia), which is more or less a vain job.

Now, New Times Group (Huaxia) is finally going to invest heavily in the mainland. According to the boss, the mainland investment will account for 20% to 25% of the group.Therefore, New Era Group (Huaxia) has great potential.

"Okay, we have been ready in the middle of this month, and we will start to set off next Monday!"

Lin Zuhui nodded and said: "Okay, time is money! I estimate that I will go to the mainland in March and discuss many cooperation projects with the local government. I hope you are well prepared. At the same time, you should also take the initiative to find more Real estate projects, and then discuss and approve."

Lu Donglai said: "Well, when we set up an office, we will understand local policies and regulations, familiarize ourselves with the local environment, and make full preparations for the next investment."

Write it down, Lin Zuhui appointed the heads of the three offices and encouraged everyone.

Beijing also wants to build a 'Central Plaza', but considering the unhappiness and loss of the 'Oriental Plaza' in the previous life (Li Chaoren said that 80% of the projects in the mainland are smooth, while the Oriental Plaza accounts for more than [-]% of the unsatisfactory);

Therefore, Lin Zuhui planned to develop Sanlitun according to the model of Taikoo Li in his previous life. The building was set at ten floors and two floors underground.

The water in the capital is too deep. Although Lin Zuhui has a higher status than Li Chaoren, even if the people at the top agree to him, the people below will produce all kinds of moths.But if he gave up the large-scale commercial projects in the capital, Lin Zuhui would be a little unwilling, not how much money he wanted to make, this was a matter of influence.

Therefore, Sanlitun is suitable for his idea. As long as the development is good, where the Central Plaza is, it will be a commercial center of the city.

In his previous life, Sanlitun Taikoo Li was more profitable. It was composed of 19 low-density buildings with a height of about 10 floors. Lin Zuhui happened to visit it. Not to mention referring to the exact same design, but at least it is also a reference.

On Saturday night, the Lin family gathered at 75 Deep Water Bay for dinner.

During this period, Lin Zuhui announced a shocking news.

"Recently, I will give each of you [-] million in cash and arrange for you to invest!"

As soon as the words fell, the faces of all the girls burst into smiles!

"Long live Brother Hui!"

For a time, rave reviews!
Last year's 6000 million investment funds directly rose to 1 million this year!

This year, the living expenses of the daughters will be distributed by the family office instead. Each member of the Lin family is paid 100 million per month; for example, Guan Jiahui has two children, and together with herself, the living expenses are 3600 million a year.

Of course, if there is only one child, there will only be 2400 million living expenses left every year.

As the main wife, Wang Lingyin has already been communicated by Lin Zuhui, and Lin Zuhui told her directly, because he only made 33 billion in foreign exchange, so he made this decision.

Wang Lingyin knew that this man could really make money, so she didn't have any thoughts in her mind!Besides, these women are related to her husband's overseas layout, so even if she objects, it will have no effect.

Lin Zuhui accepted everyone's flattery with satisfaction. As for the investment project, he had actually already thought about it, that is, investing in Microsoft and Best Buy stocks; anyway, it should be less than 1 million US dollars in cash, and it is also the account of seven women. For Microsoft In terms of the market value of 135 billion US dollars, it is still pediatrics.

Hengjin Investment owns 2% of the shares of Microsoft, but it is treated as an offshore company; Family Office owns 2% of the shares of Best Buy, which is also treated as an offshore company.

By the end of 1999, Microsoft still had room for appreciation of more than 40 times, enough for these women to earn a lot of money!
As for next year, Lin Zuhui will give each of them another [-] million to invest in commercial office buildings in Los Angeles and London.

Rather than saying that Lin Zuhui is buying assets for these women, it is better to say that Lin Zuhui is buying assets for his children.

(End of this chapter)