Rebirth 1991: My Financial Era
Chapter 90 Huaxing Bank was established
On Saturday, the Huaxing Holdings acquisition team entered Hengsheng Bank.
Sun Chen announced a board meeting.
All five directors appointed by Huifeng Bank have resigned. Because of Portugal's shareholding through offshore companies, bank executives are currently relatively stable.
The secretary of the board of directors of Hengsheng Bank is a Hong Kong native named Zhuang Weixian.
Zhuang Weixian announced the start of the board meeting and said: "The first agenda item is for the new shareholders to nominate new directors. Please give the floor to Ms. He Linshi from Huaxing Holdings."
"Dear directors, our company nominates the following persons as appointed directors: Sun Chen, He Chaoqiong, He Linshi, and Qian Cheng." He Linshi solemnly announced.
"Please ask Smith Company to nominate directors." Zhuang Weixian reminded.
"The company nominates Ms. Anna as a director."
"Ask the board to vote."
"The board of directors voted to agree and the first resolution was passed." Zhuang Weixian announced.
"The second item, five directors have applied for resignation, please vote."
The same vote was passed, and the directors appointed by Huifeng left the meeting.
"The third item on the agenda is to elect the chairman. Directors are invited to nominate."
"This director nominates Mr. Sun Chen as director." He Linshi proposed.
Miss He also attended the board of directors, looked at Sun Chen with a smile, and lamented the brilliant achievements of this younger brother.
"Agree!" Of course the directors appointed by Sun Chen all agreed, Anna did not object, and the other directors had no reason to object.
"The third agenda item was passed and Mr. Sun Chen became the chairman of the bank." Zhuang Weixian announced.
"Now for the fourth agenda item, please ask the chairman to speak on the bank's business development."
The conference room burst into warm applause.
An 300-year-old boy is about to take charge of a commercial bank with a market value of nearly billion Hong Kong dollars. What a miracle this is!
"Thank you to my acquisition team, thank you to Ms. He and Ms. Anna, and thank you to all the directors. Huaxing Holdings' entry into Hengsheng Bank is the starting point of our career and a glorious beginning." Sun Chen started with encouragement as usual.
"First of all, I propose that the name of this bank be changed to Huaxing Bank."
The directors voted and approved.
"Secondly, in view of Huaxing Holdings' strong asset management capabilities, I propose that Huaxing Bank and Huaxing Holdings establish a comprehensive strategic cooperative relationship. Huaxing Bank's client asset management department will also entrust Huaxing Holdings to handle investments as much as possible. After the president's meeting Arrange it."
Sun Chen continued to talk about his arrangements.
"Yes, sir." The president is a white man named Victor, who is also a director.
"Third, I personally manage the bank's proprietary investment department and serve as the investment director. Huaxing Holdings Company moved into the Huaxing Bank building and shared offices."
"Okay, Sun Sheng." He Linshi agreed, and Victor did not dare to object.
Hengsheng Bank has been suppressed by Huifeng for a long time. It only handles lending business and has not established a self-operated investment department. Therefore, it does not count as taking away the authority of the president.
"Fourth, President Victor, we should apply for the London Branch and the New York Branch as soon as possible. This matter should be done as soon as possible. We need to speed up the pace of internationalization."
"Yes, sir." Victor said, feeling stressed out.
Hui Feng Bank previously adopted a repressive policy against Hengsheng Bank, confining it to the port city and not allowing external expansion.
"Ladies and gentlemen, I firmly believe that the economy of Hong Kong City will get better and better, and the economy of Huaxing Country, which is closely adjacent to us, will get better and better. Our Huaxing Bank will deeply explore the Hong Kong City market, expand overseas territory, and create A brighter future. Thank you!”
Sun Chen delivered and completed his inaugural speech.
"After the chairman's speech, all proposals were voted on, and the bank will issue an announcement as soon as possible." Zhuang Weixian concluded his speech.
After the board meeting, Huaxing Bank held a reception for directors and senior executives to discuss various banking businesses in a relatively relaxed atmosphere.
"Xiao Chen, I have to call you Sun Sheng from now on, right?" Miss He was half joking, half appreciative.
"Sister Qiong, please support me more in the future. Open a basic business account with Huaxing Bank. We will provide you and your company's customers with all-round services." Sun Chen started customer marketing work.
"Okay, just because I'm the director of this bank, I have to take care of my own business! You can meet with your executives. I'll take my leave first." Miss He left after speaking.
Director Anna also left and went back to report.
"Director He, transfer all the basic settlement accounts of our Huaxing company to Huaxing Bank, and transfer all the account funds, including the employee's personal salary account." Sun Chen teased her while arranging work.
"Okay, Sun Sheng." He Linshi gave Sun Chen a wink, which made Sun Chen feel numb.
Huaxing companies currently have 300 billion in cash on their books. The mobilization of this funds across banks can determine the rise or fall of a bank. Only Huifeng, a long-established big bank, can withstand it.
Sun Chen talked to the executives of Huaxing Bank one by one and felt deeply that under the suppression of Huifeng Bank, the original Hengsheng Bank was squeezed to the extreme.
Although the original Hengsheng Bank had many branches, in addition to daily payment and settlement, bank funds were mainly lent to Huifeng as interbank deposits. There were very few loans to companies and individuals, and the financial market was not developed at all. Bank operating systems are also relatively backward.
Due to lack of business, Huaxing Bank also has relatively small talent reserves, and the entire bank structure, human resources and technology systems need to be restructured.
Talent, there is still a shortage of talent.
We found Huo Jianlin for the real estate business, Zhou Shan for the drinking water business, and Yin Yue for the automobile business.
What needs to be addressed urgently now is the people at the helm of the banking and insurance sectors.
Where is Ma Weihua, the star president of Zhaoshang Bank in his previous life, now?
Sun Chen came to his new office and picked up the phone to call Sun Renwu.
"Uncle, I need your help with something!" Sun Chen asked for help.
"What's going on?" Sun Renwu asked.
"Can you help me find someone? His name is Ma Weihua, he should be from the central bank system." Sun Chen said.
"Why are you looking for him?" Sun Renwu was confused.
"I acquired Hengsheng Bank from Huifeng Bank and planned to change its name to Huaxing Bank, so of course I had to find a strong person to take charge. I heard that Ma Weihua was not bad once and planned to visit the thatched cottage to see him." Sun Chen was really fake Said together.
"You regard yourself as Empress Liu, and you still visit the thatched cottage. Wait for my call." Sun Renwu said and was about to hang up.
"No, I have something else to do! I donated a set of aircraft carrier docks, and I will keep the remaining two docks. There are also modern-class and supply ships. You can leave, and leave the frigates for me!" Sun Chen planned to bargain. .
"What are you talking about? Where is the place for you to dock the frigate?!" Sun Renwu said angrily.
"I don't have it now, and I can't guarantee that it won't happen in the future. Let's agree on where it belongs first and return it to me when the time comes." Sun Chen took a step back.
"Let's talk about it then. We need to survey and study this frigate." Sun Renwu said.
"Whatever, as long as you admit your debt and return it to me when the time comes." Sun Chenxin said, just have an explanation, don't just swallow it alive.
After hanging up the phone, Sun Chen continued to meditate in the office.
Half an hour later, the phone rang.
"He is the president of the Hainan Provincial People's Bank of China and concurrently the director of the Hainan Provincial Branch of the Foreign Exchange Bureau." After finishing speaking, Sun Renwu hung up.
Come on, let’s take another trip to Haicheng.
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