After more than a month, Li Guangyu returned to Hong Kong from his trip to Western Europe on June 8.
During this period, in addition to going to Paris, Li Guangyu also visited West Germany, Italy, Spain and Portugal.
In addition to Paris, Italy is another key investment area for Li Guangyu. At present, Bentley Group and Peugeot Group have made substantial progress in the acquisition of Maserati. I believe that it will not be long before Bentley Group will be able to acquire Maserati.
The Maserati brand and manufacturing company are both in Italy, which is one of the reasons why Li Guangyu attaches great importance to the Italian market.
Italy still has a relatively large influence in Western Europe. As one of the three major powers in Western Europe, Li Guangyu is still very optimistic about some things in Italy, such as the recently acquired Maserati, its domestic Ferrari, and Italy's domestic high-end clothing group.
Thanks to the concessions of the Lee Group on the Hong Kong side, the consent of the British government, and the support of the Governor's Office, the Hong Kong Bank successfully obtained the rights and interests of Hong Kong dollar banknotes.
This is a major victory for the Chinese banks in Hong Kong. Over the past hundred years, Hong Kong Financial Bank has been suppressed by HSBC and Standard Chartered. Even with the strong rise of Tianyu Bank later, it would be difficult to shake their position without the power of Hong Kong dollar banknotes.
Now there is finally a bank that can stand on an equal footing with HSBC and Standard Chartered in Hong Kong. In the future, the development of Xiangjiang Financial will also have more say and initiative.
Now the citizens of Xiangjiang are waiting for the listing of Bank of Xiangjiang so that they can buy some shares of Bank of Xiangjiang. This bank has more than a dozen families from Xiangjiang as shareholders and the Li Group as support, and its future development is unlimited.
Now the Hong Kong stock market has been in turmoil, and investors don't know which stock to buy. Now that Hong Kong Bank is about to go public, they have found a safe investment target.
On the evening of the day he arrived in Hong Kong, Li Guangyu discussed the listing of Hong Kong Bank with Li Ka-shing, Zheng Yutong and others.
Wing Hang Bank's several capital injections by Li Guangyu and others, coupled with two profits from the stock market, as well as gains from the Hong Kong dollar exchange rate last year, have already made Wing Hang Bank's market value reach a rather terrifying figure.
After joint calculations by Zhou Xiaoning and the financial directors of three investment companies, Heung Kong China Investment, He's Investment, and New Asia, the market value of Wing Hang Bank is HK$18.6 billion. In the stock market, this figure is only lower than HSBC and Standard Chartered.
As for Tianyu Bank, since it is not listed on the market, it is not included here for comparison.
Even the current market value of Bank of East Asia in the stock market is only over HK$7.6 billion, while the market value of Hong Kong Asian Commercial Bank is only over HK$6.2 billion, which is far from comparable to Bank of Hong Kong.
The main reason for this situation is that in these stock markets, both Li Guobao and Chen Youqing entered the market with their own funds. They did not enter the market with bank funds, and the profits were naturally owned by themselves.
As for the Hong Kong dollar exchange rate, the two major banks did not earn much profit, which resulted in the market value of the two major banks not rising much.
This time Li Guangyu and others are planning to use 20% of the bank to go public, and the market makers are several major banks. They have their own departments to do this business, so naturally they do not need to give up their interests to other companies.
After this listing, Xiangjiang China Investment Company still holds 24% of the shares, Li Guangyu Tianyu Financial Group and New Asia Investment Company each hold 16% of the shares, Feng Jingyao personally and Ho Investment Company each hold 12% of the shares.
In the private room, everyone had no objections to the listing, especially these families. They all knew that the reason why Hong Kong Bank has such a market value is that obtaining the right to Hong Kong dollar banknotes this time has given the bank a lot of points, and this is mainly due to Li Guangyu's talents.
obtained such rights.
Feng Jingxi said to Li Guangyu: "Guangyu, we also know that you have used a lot of funds this time. Now it is estimated that your funds are quite tight. Our four major banks, Heung Kong, New Asia, Heung Kong Asian Commercial and Sun Hung Kai, will jointly provide you with 2 billion US dollars."
The loan will be used for your subsequent expansion.”
When the Li Group decided to let Hong Kong Bank obtain the rights to Hong Kong dollar banknotes, Feng Jingxi, Zheng Yutong, Li Guobao and others discussed it and gave Li Guangyu some financial support.
They knew that Li Guangyu had already borrowed 3 billion US dollars from Tianyu Bank. They knew Li Guangyu's character very well. He would not have taken out the loan unless he really had no money.
In addition, the Li Group is still expanding on a large scale and requires a very large amount of funds. This time, several major banks jointly loaned Li Guangyu US$2 billion.
Lai also hopes that the Li Group can develop stably.
They know very well that now everyone is connected as one, and everyone will prosper and lose. The stronger the Li family group develops, the more benefits each of them will be able to follow.
Li Guangyu is indeed a little strapped for funds now. Now major groups are increasing their expansion. He has not refused the proposals of Feng Jingxi and others.
Moreover, the loan interest offered by the major banks this time is very low, which is the same as the current savings interest in Xiangjiang. The major banks are equivalent to self-subsidized labor.
Li Guangyu said: "Thanks to a few uncles for helping me, I have really taken some big steps this year. Last year, I was planning to recuperate this year, but this time such an opportunity suddenly came up in England, and I really couldn't bear to let it go.
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Feng Jingxi and Zheng Yutong both said they were grateful to Li Guangyu for fighting for the rights and interests of Hong Kong Bank. If there is still a gap in the funds of Li's consortium in the future, they will find ways to help.
As Li Guangyu's father-in-law, Cao Wenjin said to Li Guangyu: "Guangyu, your development this year is indeed a bit radical. All major groups are building their own headquarters buildings. In addition, the investment for this trip to Western Europe will require massive amounts of money."
You need to be more cautious about using funds to support it. It is not scary if the group develops slowly, but you are afraid that your funds will be tempered. You should know that once the forces in other regions want to attack our Xiangjiang Chinese-owned family, you will be their target.
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Li Guangyu is also aware of the situation he is facing now. This time it is mainly due to problems with his strategic layout at the beginning of the year. He originally planned not to carry out large-scale expansion this year. The major groups do not need to allocate large-scale funds to allow them to solidify their foundation.
, and the current land price in Xiangjiang is cheap, so Li Guangyu agreed to the establishment of headquarters by major groups. Anyway, major groups built it with their own funds, and they did not need Li Guangyu's support.
As a result, when Li Guangyu of the Western European Group needed funds, he was unable to transfer funds from various groups and could only use his own funds and loans in Tianyu Financial Group.
This time, he originally planned to allocate the half-year profits of Hengyu City Group, Xingyu Game Group and Xiangyu Culture Group in early July to cope with the subsequent development.
Now that he has the support of these major banks, he does not need to draw funds from these major groups.
After all, these major groups also need to carry out stable group development, and some plans have been made. Li Guangyu's transfer may have a certain impact on their development.
Li Guangyu said: "Father-in-law, don't worry, I have a solid foundation here. I believe the situation will change soon, and then I will no longer be short of development funds."