Chapter 268 Invitation Letter from Bank of China Xiangjiang
During the few days that Xu Xinrong and others were in Guocheng, Li Yuhang also returned to Xiangjiang from Europe.
Seeing that the Spring Festival was approaching, he had no plans to leave Xiangjiang. Even the year-end meeting of the Jianan Department was planned to be held in Xiangjiang.
Unfortunately, in his current position, he could not just relax if he wanted to. On the third day after he returned to Xiangjiang, an invitation letter from Bank of China Xiangjiang was sent to his home.
Although Li Yuxin usually doesn't care about the affairs of the Jianan Department, she still reads a lot of information, and she is also paying attention to the situation in Xiangjiang.
Xu Xinrong was not in Xiangjiang, and Yue Wanrou followed Li Yuhang to Western Europe, so Li Yuhang was not clear about some things that happened in the past few days.
Li Yuxin gave Li Yuhang a good talk about the events of the past few days. One of the very important things was that Xiangjiang Peregrine had been taken over by the Xiangjiang Monetary Authority due to debt problems.
If Peregrine alone is not terrible, the most worrying thing is the chain reaction caused by this. The currencies of Southeast Asian countries have seriously depreciated, and many companies are simply unable to repay their loans.
Many financial institutions and banks in Hong Kong have huge businesses in Southeast Asian countries. Peregrine is the first, but this is just the beginning. There will be many financing companies and banks in the future.
If there are no large banks and financial institutions to come forward to support this situation and allow this situation to develop, it will be a huge disaster for Xiangjiang Finance.
The Bank of China did not contact the person-in-charge of major banks and financial institutions this time. They directly invited the people behind the incident to conduct face-to-face consultations, hoping that these financial institutions can work together to maintain financial stability in Hong Kong.
Li Yuhang was thinking about the founder of Peregrine. He had long known that Peregrine was in huge trouble, but he did not expect that it would be taken over by the Xiangjiang Monetary Authority so quickly.
Now that I knew the situation, it was easier to deal with it. I had dinner with Li Yuxin and the little girl at home, and then went out to the New World Hotel.
Originally, he thought that the Bank of China only invited big bosses with financial institutions under its subsidiaries, but he did not expect that in addition to these, famous big bosses in Xiangjiang would also come here, such as Shuang Li, Lin Boxin, Xu Shixun, Guo Bingxiang, Wu Guangzhen, Guo Henian, and Zheng Yudong.
wait.
Li Yuhang is definitely a man of the hour in the upper class circles of Xiangjiang. Guanghua Technology Company has just spent 2.5 billion US dollars to reach a deal with Lukia, which has spread all over the world, especially in Xiangjiang, making Guanghua Technology Company famous overnight.
The outside world only knows Guanghua Technology Company and its president Yao Wenhui, but their executives know that this is an industry owned by Li Yuhang.
This transaction also allowed Xiangjiang's senior management to see Li Yuhang's huge financial resources. Now it can be bluntly said that Li Yuhang's performance in Xiangjiang will definitely make him into the top ten.
Not counting other known industries of the Jianan Group, only the companies headquartered in Xiangjiang.
Xinyu Bank, a subsidiary of the Financial Holding Group, has a market value of more than 10 billion Hong Kong dollars, and the icq shares held by Xinyu Investment Company have a market value of more than 28 billion Hong Kong dollars.
The shares held by Jianan Supermarket Group are more than HK$5.6 billion, Feilong Group's shares are currently around HK$1 billion, and Chinese Properties' shares owned by Xinyu Investment Company are worth more than HK$1.7 billion.
As for the newly established Guanghua Technology Company, its technology acquisition alone is nearly HK$20 billion.
They haven't even calculated the value of the shares of unlisted companies controlled by Xinyu Investment Company. The value here alone currently exceeds HK$60 billion.
If the assets of Minghui Investment Company, which they knew, were included, Li Yuhang's assets would directly exceed 100 billion.
The companies under the Jianan Group are about to usher in a listing peak. Starting from this month, basically every month a Jianan Group company or a company related to the Jianan Group will be listed on the Hong Kong Stock Exchange. By then, Li Yuhang’s wealth will once again
surge.
In the future, not to mention the entire Jianan Group, Xinyu Financial Holdings Group alone will be able to compete with local consortiums such as Hong Kong, South Korea, and Singapore.
As Li Yuhang's industry expands to the world and he controls more and more investment companies, it is difficult for the outside world to know exactly how much assets he owns.
Especially since all of his investment companies are solely owned by himself, there is no need to release any financial reports to the outside world. Only the core senior executives of the Jianan Department know how much he owns.
Now only large-scale projects like Guanghua Technology Company can be guessed by these upper circles. Many small investments or investments in the stock market are completely unknown to these big guys.
All the big guys have their own circles. Li Yuhang, an outsider, currently mainly integrates into the circle of his ally Li Guobao. As for the circles of Shuang Li and Zheng Yudong, he is quite sensible and has not gone there.
Although the Li Guobao family is not as particular about marriages between wealthy families as the He family is, it has developed over hundreds of years and is located in Hong Kong, so marriages between wealthy families will naturally bring them closer relationships.
For example, next to Li Guobao now is his wife's brother Dickson Poon, who made waves in the entertainment industry in the 1980s.
Li Yuhang is quite young compared to these two people. In terms of age, their children are about the same age as Li Yuhang.
It's a pity that in shopping malls, heroes are never judged by their age. Li Yuhang's capital is enough for them to put aside his age and be equal to him.
Fortunately, Li Yuhang currently has a pretty good relationship with Li Minbin, Pan Chuying, etc., so he still calls these two uncles respectfully. The tradition of respecting the elderly and loving the young cannot be lost. Although the shopping mall only talks about interests, you can still talk about feelings.
"Aerospace, you have launched another big satellite this time. Now those who own these satellites are tightening their belts and trying every means to keep the business running. You are spending a lot of money to acquire a bunch of technologies to prepare to enter the mobile phone and mobile communications industry.
Not to mention some people, even I am envious of them."
Li Guobao is not praising Li Yuhang. Many bosses in Xiangjiang are already struggling to survive, and even those who can survive do not have much funds for expansion.
If Li Yuhang hadn't deposited 2 billion US dollars in the Bank of East Asia, he wouldn't be so relaxed now. The Bank of East Asia was also affected by this crisis.
"Uncle National Security is joking. I also want to win some praise for the Chinese people. 1g and 2g standards and technologies are in the hands of Europe and the United States. I am afraid that Europe and the United States are also leading the way in 3g. I hope that in the future, the mobile communication network used by our people will be
We developed it ourselves instead of always using European and American products.
This thing is not like many industries. The investment will definitely have a good return. I don’t know how much money I will invest in it, let alone when I will get the benefits. It can’t compare with those industries I have now.”
The people around them all know that what Li Yuhang said is true. It is difficult to guarantee investment in high technology. Unlike finance, real estate, or even retail services and processing industries, there is a clear rate of return.
As for high technology, it is not necessarily the case. Li Yuhang may invest billions or even tens of billions in it, and there may not be a breakthrough in technology, so it will not bring any benefits to him.
This is why they are more willing to enter industries such as banking, securities, real estate and hotels, rather than investing in high-tech R&D industries.
In their view, if Li Yuhang invests more than 2 billion US dollars in the stock market or real estate, his assets will double in a few years. As for Guanghua Technology Company, they have a big question mark as to whether it can make a profit within 10 years.