On Li Guangyu's side, Li Guangyu told them about his cooperation with the Sumitomo Consortium to acquire Wing On Bank.
Everyone here has no objection to deepening cooperation with the Sumitomo Foundation. They know very well that the reason why Japan can develop so smoothly is that, in addition to the Fujiwara family and the Ito family, the Sumitomo family has provided them with the greatest help.
Feng Jingxi said: "Guangyu, it seems that our pace of entering the mainland market will be accelerated. Japanese consortiums and families also attach great importance to the mainland market. In the future, the biggest competitors we face in the mainland market will probably be them.
Already."
Li Guangyu naturally knows how large a proportion of many Japanese products will be in the mainland market in the future. No matter how the relationship between mainland China and Japan changes, many high-end products will be dominated by Japanese groups.
As for Xiangjiang, except for real estate, investment in other industries in the mainland will not even compare to Baodao's investment in the mainland in the future.
But the better thing is that Li Guangyu knows very well that their side of Xiangjiang will have more policy advantages than Japan in the mainland. This is one of the reasons why the Sumitomo Consortium came to Xiangjiang to acquire Yongan Bank.
Obviously they also know very well that Xiangjiang will have more advantages than their country on the mainland. Many industries can be entered by Xiangjiang, but Japan cannot.
Li Guangyu said: "We should not be too anxious in the past two years. Reform and opening up in mainland China are still being explored. I believe that as time goes by, reform and opening up there will continue to increase, and it will be easier for us to enter by then. At present,
We still focus on Guangdong Province, especially in several special economic zones, while other places will take a back seat for the time being."
Li Guangyu knows that after 1984, the mainland will increase its opening up, it will be more convenient for them to invest in the mainland, and the policies there will be more perfect. At present, they still need to devote their main energy to Southeast Asia and stabilize the market in Southeast Asia.
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In the past few days, with the storm of Wing On Bank, more and more family heads have come to see Cheng Yutong, Stanley Ho, Li Ka-shing and others, all hoping that Cheng Yutong and others can give them some help to help them overcome this difficulty.
Now they also want to know whether the property market in Xiangjiang has reached its bottom and whether banks can improve, so that they can decide whether to help some people who come for help.
After all, these people do not have much interest in them, so they cannot spend huge sums of money to support them.
Li Guangyu said: "It's still early for the property market this time, and the problems with banks are also relatively big. In less than a year or two, it is estimated that there will be no hope of recovery. Especially for the property market, I am afraid it will continue to fall. Just look at some
How long can the groups hold on? If some groups cannot hold on, the property market will probably plummet again."
Everyone here is well-informed, and they know very well that both the Hang Lung Group and the Great Eagle Group are currently under great pressure. If these two major groups collapse, the Xiangjiang property market will be even more tragic.
In the past two years, these two powerful Chinese-owned developers in Xiangjiang have been the most active, acquiring a lot of land, and the group's business has expanded rapidly in Xiangjiang, which has also led to their current situation.
Li Ka-shing said: "Guangyu, Bao Yugang asked me to talk to you about the issue of Cathay Pacific Airways shares and asked us what our plans are. Fok Yingdong and Hu Yingxiang are eager to take action to alleviate some of their current difficulties."
Huo Yingdong, Hu Yingxiang and Cao Guangbiao each invested more than 1.1 billion Hong Kong dollars in the acquisition of Cathay Pacific, occupying 20% of Cathay Pacific's shares. At that time, they borrowed a lot of the funds from the group's shares in banks.
This crisis has hit them hard, especially Hu Yingxiang's Hopewell Industries. It is estimated that funds there are also in a tight situation now, so they are eager to cash out their Cathay Pacific shares.
At present, Cathay Pacific Airways not only cannot bring them any profits and benefits, but also needs to inject millions of funds into Cathay Pacific Airways to maintain the normal operations of Cathay Pacific Airways.
Li Guangyu said: "Uncle Li, it is up to you to decide the issue of Cathay Pacific Airways this time. Our Tianyu Investment Company will not hold shares in it. The three investment companies of Xiangjiang China, Xinya and He's will take over there."
A portion of the shares, preferably no more than 45%, should be controlled by a Singaporean consortium, so that they can work hard to develop markets in Singapore, Malaysia and Indonesia."
Li Guangyu doesn't care about acquiring the shares of Cathay Pacific Airways from Fok Yingdong and others now. Anyway, they have already decided on the future development of Cathay Pacific Airways, and there will not be much conflict with the development of Xiangjiang Airlines.
One issue they also discussed was the issue of Wu Guangzheng joining their group. It was really hard for them to decide on this matter. If some of them hadn't had a good relationship with Pao Yugang, they would have refused directly.
They were all joined by talkers from various families. Wu Guangzheng from Bao Yugang came over, which made some people feel speechless. So after such a long time, there was still no reply from Bao Yugang.
Li Guangyu is really not easy to talk about this matter. Bao Yugang himself wants to stand on the other side, but also hopes that the future development of his family will not be affected and he can integrate into his own interest group.
It's just that there is no such good thing in the world. Li Guangyu is not very happy with Bao Yugang's operation. Currently, all the major families in his own interest group are tied together. The major groups use cross-shareholdings to make everyone
We all have the same position to safeguard the interests of this interest group.
Bao Yugang's behavior obviously cannot make the Bao family, like other families like them, devote all their efforts to the interests of their group.
The Sun Hung Kai Three Musketeers, Lee Shau Kee, Kwok Tak Seng and Fung King Hei, did not have much friendship with Pao Yukong, and they were unwilling to accept such a situation.
Guo Desheng said: "If Wu Guangzheng does not become the helmsman of the Bao family, then we cannot let him join our team. Sometimes Yu Gang still takes it for granted. He wants to lean over there, but also thinks about himself.
The successor comes to our side to avoid affecting the development of his family's industry and preventing the decline of his family's industry."
It’s hard to say too much about Li Ka-shing. He has had a good relationship with Pao Yugang in recent years, but their interest group is inconsistent with many interests of Fok Yingdong and Hu Yingxiang, which causes their directions to sometimes deviate, or even
The opposite situation occurs on some issues of interest.
Since some members here disagreed, he had no choice but to reject Yugang Pao's proposal.
Then Li Guangyu discussed the issue of Wing Hang Bank with them. This time the three major investment companies will inject capital into Wing Hang Bank, and at the same time, Li Guangyu will withdraw part of his shares.
At that time, the Feng Jingyao family will hold 15 shares, Xiangjiang China Investment Company will hold 30 shares, New Asia Investment Company will hold 20 shares, Ho Investment Company will hold 20 shares, and Tianyu Financial Group will hold 15 shares.
In the future, Wing Hang Bank will be the flagship bank of this interest group. At the same time, all parties will make Wing Hang Bank bigger and stronger, so that Wing Hang Bank can become one of the top banks in Hong Kong.
As for Tianyu Bank, it will mainly serve the Li Group’s own industries in the future, and Li Guangyu has no intention of taking out Tianyu Bank.