606, began to lay out the banking industry in Hong Kong
People may be fake, but cars can’t also be fake, right?
Angle stood there blankly, looking at the car leaving, feeling that he must have missed something.
"Um...could that handsome guy just now really be Chu Huan?"
At this time, her little sisters had also come over, and naturally they saw what Chu Huan had just left in the car. They had the same idea as angle. People may be fake, but this luxury car should not be fake.
Bar?
"Angle is such a pity. If you had believed that he was Chu Huan back then, I guess he would have taken you for supper by now!"
There was a little sister who was gloating about the misfortune.
And angle's other little sisters also reacted at this time. They were not really disappointed for angle, but they were a little gloating in their hearts. It was great that she didn't have what they didn't have!
Angle also reacted at this time, and suddenly smiled and said: "It doesn't matter, since Mr. Huan has joined our MOD this time, there will definitely be opportunities in the future!"
When the other little sisters heard this, they felt a little sour in their hearts. They were so angry!
Angle, on the other hand, was still looking in the direction where Chu Huan's car was no longer visible, with a little more brilliance in his eyes.
.
The next day, Chu Huan returned to the Chinese Bank.
Because New Year's Day had just passed and there wasn't much else going on in the company right now, Chu Huan first told Xu Yi the result of her conversation with Chen Songqing yesterday, and asked Xu Yi to tell John Qiao about it.
While Chu Huan was busy with his normal work, Xu Yi, who had left his office, came to Chu Huan's office again.
"Boss, Changshi Lijiacheng is here. Do you want to see him now?"
Li Jiacheng came to the Chinese Bank to meet Chu Huan. He had made an appointment before. Chu Huan looked at the time and said, "Let him come in!"
Xu Yi nodded, and soon after leaving Chu Huan's office, he brought Li Jiacheng in.
"Li Sheng, please sit down!"
Chu Huan was already sitting on the sofa at this time. Chu Huan no longer had the same hostility towards Li Jiacheng as before. The main reason was actually because the two were no longer on the same level, and the two sides were still cooperating.
Partnership...Chu Huan has shares in Changshi.
Li Jiacheng sat opposite Chu Huan and politely took the tea from Wu Shuhan, and then Wu Shuhan came to Chu Huan's side.
"What is the purpose of Li Sheng coming here this time?"
Chu Huan asked.
For someone like Li Jiacheng to come here on his own initiative, he is definitely not a golden spy. The only thing that can bring him to visit in person is cooperation.
Sure enough, the next thing Li Jiacheng wanted to say was a cooperation matter, "Director Chu, I know that Zhulu Real Estate acquired Taohua Datong last year. I have studied that land during this period and it can be used to build a large-scale
Estate, this time I came here specifically to discuss with Director Chu to see if we can cooperate on this piece of land and develop it together?"
Regarding Chu Huan's decision to let Zhulu Real Estate leave the residential market, Li Jiacheng really admires this plan. It will not only allow Chu Huan to cooperate with more real estate developers in Xiangjiang, but also make the real estate developers in Xiangjiang appreciate Chu Huan's actions even more.
.
Although Li Jiacheng had guessed Chu Huan's original intention of doing this, Li Jiacheng didn't care. At this time, Chu Huan was already a shareholder of Changshi, and if Changshi wanted to develop, it couldn't do without cooperation with Chu Huan. Now
From a stage perspective, this matter is definitely something that has more advantages than disadvantages for Changshi.
"Taohua Datong?" Chu Huan never expected that Li Jiacheng's appetite was so big that he was eyeing the treasure trove of Taohua Datong.
Before he decided to leave the residential market last year, he set a goal for Lu Qi, either to buy the land connected to Taohua Datong and Hang Lung Properties, or to buy the entire Taohua Datong.
Later, Lu Qi bought the entire Taohua Datong.
Now Lijiacheng has taken a liking to this place and wants to develop it.
Chu Huan asked Wu Shuhan to take the map over. After spreading it out, he saw the location of Taohua Datong. He first said to Wu Shuhan: "Let He Bingguang come up."
Then Chu Huan looked at Li Jiacheng and asked: "Li Sheng, do you think now is a good time to develop the Taohua Datong land?"
Chu Huan's tens of billions apartment plan will definitely affect the housing prices in Xiangjiang. Since 1978, some real estate developers have noticed that although the housing prices in Xiangjiang are still rising, they have not reached the expected increase.
With the stock market and property market in Hong Kong doing very well, there is only one reason for this situation, and that is the tens of billions apartment plan announced by Chu Huan last year.
Li Jiacheng was obviously prepared and said: "According to our company's speculation, this year Director Chu's tens of billions apartment plan will enter the first stage. This year's housing prices in Xiangjiang are likely to be like this, and this impact will be huge."
It may last until about 80 years.
I think even if I don’t say it, Chairman Chu will definitely understand the obsession of people in Xiangjiang with their houses. Although the tens of billions apartment plan launched by Chairman Chu has alleviated the rise in housing prices in Xiangjiang to a certain extent, in fact, many
People still want to own a house that is completely their own.
Chairman Chu’s tens-billion apartment plan actually gives them more leverage to buy a house to a certain extent. So I think when the influence of the tens-billion apartment plan begins to weaken in a few years, the housing prices in Xiangjiang will definitely increase.
Ushering in a period of development.
As for Taohua Datong's land, it is estimated that even if Taohua Datong is moved to the current factory site, plus the planning of the housing estate, it will still take a year. Construction will start next year and it will already be progressing rapidly. We are long-term
After calculation, that piece of land can provide 4,800 residential units and several shopping malls.
As long as Mr. Chu can contact Kowloon Bus, Hua Electric Power, and China Town Gas to move in at the same time when the land where Taohua Datong is located is completed, the impact of Mr. Chu's tens of billions apartment plan can be alleviated to a certain extent, and when it is completed,
It had to be at least 1980 or 1981, when Chairman Chu’s tens-billion apartment plan was losing its influence.
This chapter is not over yet, please click on the next page to continue reading! I think with so many conditions, housing prices there will definitely become a local benchmark!"
Kowloon Bus and China Gas Chu Huan are the largest shareholders, and the Kadoorie family of Hua Electric Power is Chu Huan's business partner. Li Jiacheng believes that these public facilities will be developed as quickly as possible with the development of Taohua Datong.
of.
Chu Huan has long said that Li Jiacheng is definitely an unparalleled business genius. What he is talking about now is also a manifestation of his genius. A project not only considers his own strengths, but the most important thing is to bring together his partners and others.
There are both time and space factors that have come to mind.
"Li Sheng, have you ever thought that if it goes according to your plan, it will be difficult for this project to be sold off-plan? In other words, there will be great financial pressure in the early stage. Can your company bear it?"
Chu Huan has already read the plan submitted by Li Jiacheng. The investment for the entire project is about 750 million Hong Kong dollars. This does not include the cost of the land. If the cost of the land is included, it will be about 950 million Hong Kong dollars.
In other words, if Chu Huan's party is only responsible for the land, it will account for 21% of the entire project.
Li Jiacheng said with a smile: "This requires Director Chu's support. We at Cheung Kong are willing to pay part of the rights and interests of the mall in this estate in exchange for Director Chu's financial support."
I just thought about Chu Huan's newly established real estate project investment department again.
Chu Huan smiled and said: "I am very satisfied with Li Sheng's plan, but you still have to discuss it with He Bingguang and Lu Qi in detail before you can make a decision, because our company's original plan was not to use this piece of land this year.
of."
Wu Shuhan heard Chu Huan mention Lu Qi's name, walked to the phone again, called Lu Qi, and asked him to come up too.
Soon, He Bingguang came up first, followed by Lu Qi.
Lu Qi has moved to the floor where Jiaku is located. Although the time is shorter than the notice He Bingguang received, the time of coming up is not too long.
Chu Huan told the two of them Li Jiacheng's thoughts, and then said to the three of them: "You three can discuss this matter here."
After finishing speaking, Chu Huan returned to his seat and continued to deal with the work at hand, while Li Jiacheng, He Bingguang, and Lu Qi sat on the sofa to discuss specific cooperation matters.
After a while, Xu Yi came to Chu Huan's office.
"Boss, the New Year is coming next month. Manager Cui asked me if our company's red envelope distribution will continue this year. If so, should we include the employees of Hehe International-Wheelock?"
It has long been a tradition for Chu Huan to distribute red envelopes to Jiaku employees every year. Now Hehe International-Wheelock just officially joined the Jiaku department last year, so Xu Yi asked such a question.
After all, Hehe International-Wheelock has not created much benefit for Chu Huan.
Chu Huan smiled and said: "Join. Since they are already members of the company, they should enjoy the company's benefits."
Xu Yi nodded, and then said: "According to the statistics from Manager Cui, the entire Jiaku family now needs to distribute 200 million Hong Kong dollars this year based on the red envelope of 2,000 Hong Kong dollars per person!"
Chu Huan raised his eyebrows and said, "Okay, let the company prepare this fund!"
Xu Yi asked: "Is it withdrawn from HSBC?"
Chu Huan said: "Yes!"
"Understood!"
.
Li Jiacheng left at noon. After he left, Yongji had already delivered lunch to Chu Huan's office, and Chu Huan kept He Bingguang and Lu Qi to have dinner together.
"What do you two think of the plan Li Jiacheng discussed?"
Chu Huan asked while eating his meal.
He Bingguang was the first to say: "Lijiacheng's plan is still very impressive. If everything goes according to plan, our company's revenue will be at least 100 million Hong Kong dollars. If we add part of the interests in the mall in the housing estate in the future, our future revenue will be higher!"
Lu Qi also said: "I also think there is no problem with Li Jiacheng's repayment ability, but the time period of this loan is a bit long, and we will not be able to get the benefits until the second half of 1980!"
Chu Huan thought for a while and said: "Our plan to launch the residential market also needs a benchmark project to let real estate developers in Xiangjiang understand our determination. Since both of you think the problem is not too big, then you can follow Lijiacheng Thank you for your cooperation!”
Prior to this, Zhulu Real Estate withdrew from the residential market. Although it also cooperated with some real estate developers to develop new properties, these were small properties that lacked a benchmark housing estate. Now with the Taohua Datong project, the benchmark The project came out.
He Bingguang nodded and said: "Then I will contact Li Jiacheng in the afternoon and ask him to come to the company to discuss specific matters with me."
Chu Huan said: "Okay!"
Then Chu Huan warned again: "By the way, regarding this project, tell Li Jiacheng that when publicizing it to the outside world, try not to mention our company. Everything you should know will naturally be known. There is no need to let them know what you shouldn't know."
He Bingguang understood that Chu Huan was continuing to deepen the impression of Xiangjiang citizens on the company's withdrawal from the residential market.
"clear!"
.
After lunch, Xu Yi came to Chu Huan's office with a stack of information: "Boss, this is the information of Xiangjiang Huazi Bank!"
Alde Commercial Bank will enter Hong Kong this year. Previously, Chu Huan wanted the company to acquire companies such as Public International Investment in order to serve as a front for Alde Commercial Bank to enter the Hong Kong market. Now Xu Yi is asked to collect Chinese-owned banks in Xiangjiang. The same is true for the data.
However, these two lines are implemented separately. Although the Hong Kong government will relax restrictions on overseas banks this year, Hong Kong still has not lifted the ban on bank license applications. Therefore, if Chu Huan wants to own a bank in Hong Kong, Then the only way to do it is through acquisition.
Chu Huan knew that many Hong Kong writers would set their sights on Standard Chartered Bank, but the actual situation is that Standard Chartered Bank's operations this year are still very good. It is obviously not suitable to acquire Standard Chartered Bank at this time. The only opportunity is to find a Chinese bank for acquisition.
Banks operating in Hong Kong can be roughly divided into two categories.
The first type is a bank whose head office is in Xiangjiang, that is, a bank registered locally in Xiangjiang.
The second category is a branch established in Xiangjiang by a bank whose head office is not in Hong Kong, that is, a bank that is not registered locally.
Banks such as HSBC and Hang Seng are the first category banks, while Standard Chartered, First Boston Bank, etc. are classified as the second category banks.
In addition, commercially, Xiangjiang's commercial banks are divided into four categories: British-funded, foreign-funded, Chinese-funded and Chinese-funded.
The British banks in Hong Kong are mainly represented by HSBC and Standard Chartered Bank.
British banks hold a monopoly position in Hong Kong's banking system. Although major international banks from the United States, Japan, and Europe have come to Hong Kong, and the number of banks far exceeds that of British banks, the position of British banks in the financial market has not been shaken.
The branches of these two banks in Xiangjiang account for nearly 40%, and the deposits in these two banks account for half of the total deposits in Xiangjiang.
The reason why British-funded banks play a decisive role in the Hong Kong comprehensive financing market is that they have become the center of market activities.
This is because: first, they have deep qualifications and have a history of more than 100 years. Second, they have privileges. They have always received special support from the Hong Kong government and enjoy the privileges of the central bank such as issuing banknotes, acting as government finance agent, and participating in some of its financial decisions and management.
Third, they have good management. The two banks continue to innovate and adapt to changes in the new situation. Fourth, they have good credit. They always put credibility first in their business activities. These factors enable them to remain in a sustainable position.
It is these reasons that have ensured that they have made a lot of money in the financial market of Xiangjiang, and they are also the reasons why they have been able to survive in the previous bankruptcies in Xiangjiang.
As for the foreign-funded banks in Hong Kong, except for those banks that entered the Hong Kong financial market in advance in the early 1960s, the rest will enter the Hong Kong market this year. The most obvious among them are Japanese-funded banks.
Although banks came late, they came with great force, and commercial banks in Europe and the United States are leading the financial industry in Hong Kong in terms of financial innovation.
Chinese banks have a history of nearly 80 years in Hong Kong. In 1917, the Bank of China had already set up a branch in Hong Kong. After the war, it was taken over by the hometown. In the 1980s, these banks will form the Bank of China Group.
Unified management of Chinese-funded banks in Hong Kong and Macao.
These Chinese banks include: Huaguo Bank Xiangjiang Branch, Huaguo Bank Haojiang Branch, Bank of Communications, Bank of Guangdong Province, Xinhua Bank, China South Bank, Jincheng Bank, Guohua Commercial Bank, Zhejiang Industrial Bank, Salt Industry Bank Xiangjiang Branch
, Nanyang Commercial Bank, Po Sang Bank, Overseas Chinese Commercial Bank, Chiyu Bank.
Also by the 1980s, Bank of China Group will become the second largest banking group in Hong Kong after HSBC.
The three types of banks mentioned above are not suitable for Chu Huan to make acquisitions at this time. There is no need to think about HSBC. Standard Chartered Bank has not yet reached the opportunity. Foreign banks will enter Alder Commercial Bank this year, and what Chu Huan is now targeting is actually
It is also the weakest Chinese-owned bank among these four types of banks.
Chinese-owned banks are also known as the local banks in Hong Kong. The golden age of Chinese-owned banks was from 1946 to 1964. At that time, although Chinese-owned banks had small capital, they had a large number of branches. In Hong Kong, Chinese people, especially the middle and lower classes and
It has considerable influence on small and medium-sized enterprises.
After 1965, Chinese-owned banks suffered heavy blows and declined.
Some of these banks were either unable to withstand the banking crisis due to lack of competitiveness, or were unable to operate independently due to poor management and illegal activities. They went bankrupt one after another or were acquired, merged or taken over by the Hong Kong government.
At this time, there were more than 30 Chinese-owned banks in Xiangjiang, but by the late 1980s and early 1990s, there were only two Chinese-owned banks that could still remain fully independent!
Either it was acquired by a foreign bank, or its banking license was revoked by the Hong Kong government!
"Has the issue between Far East Bank and Wanguo Baotong Bank not been resolved yet?" Chu Huanfan asked Xu Yi after seeing the situation at Far East Bank.
Far East Bank was founded by Xiangjiang businessman Qiu Degen. He was originally from Shenghai and was born in 1925. His father started out as a small businessman. However, Qiu Degen's family fell into decline later and he also started working as a handyman. At the age of 15, he joined the
He worked as a waiter at the Grand Guangming Cinema and was later promoted to manager. At the age of 21, he rented the Metropolitan Cinema and screened domestic films. He was an operator with no assets.
In the early 1950s, Qiu Degen and his wife came to Xiangjiang. At that time, they only had a few hundred yuan. They first worked in a company owned by a friend to do slide advertisements and buy and sell films. He ran a movie theater in Shenghai for many years, so he wanted to work in a movie theater in Shenghai.
Xiangjiang returns to its old business.
Xiangjiang calls cinemas theaters. There was no television at that time, and going to the theater to watch movies was the main form of entertainment for people in Xiangjiang.
Naturally, it would be better to run a theater in a busy city, but the rent in a busy city was so expensive that it was out of reach for Qiu Degen, and he had no way to borrow money.
As this road was blocked, Qiu Degen could only focus on the countryside. He traveled to many places in the New Territories, and finally rented a warehouse in Tsuen Wan as a theater.
Qiu Degen's principle is to save money if you can. Rent in the countryside is low and country people rarely go to the movies, so you can rent old movies to play. The rent for old movies is only HK$1 a day, which can save a fortune.
At that time, Tsuen Wan had a population of only 100,000. In addition to local residents, there were also copycat factory workers, but they were all farmers from Guangdong Province. Once Qiu Degen's theater opened, it was indeed very popular and was always full.
As soon as Qiu Degen had money, he went to a township to set up a theater. By 1958, he independently owned 14 rural theaters and became the king of theaters in the New Territories.
This chapter is not over yet, please click on the next page to continue reading! Later, when Black and White Cinemas acquired independent cinemas in the New Territories and other places, they had some competition with Qiu Degen, but in the end Qiu Degen was defeated.
Qiu Degen, who had achieved success in the independent theater chain, set his sights on the banking industry. At that time, there was no bank in the New Territories. Banks were keen on doing business for wealthy people in the urban areas and did not bother to come to the rural areas of the New Territories.
At that time, Qiu Degen was thinking that although the people in the countryside were poor, they had a large population. If a household could save a little money, wouldn't it be a considerable asset?
However, in the early days, Qiu Degen lacked funds and failed to apply for a bank license, so he could only set up a bank.
In this way, after several years of business, Qiu Degen finally reorganized the bank in 1960 and founded Far East Bank.
The amount of deposits also ranks first in the New Territories!
At this time, Qiu Degen had a large amount of funds to allocate. He made a ground-breaking claim to build the tallest building in the New Territories.
Soon, the Far East Bank Building broke ground in Tsuen Wan, and the civil engineering work was completed by the end of 1964. Its 17-storey height ranked first among all buildings in the New Territories.
Tsuen Wan is already an industrial town in the New Territories. The interior decoration has not yet been completed. Many companies have rented office rooms in the building. The building is used as a sign. The deposit customers are no longer rustic New Territories villagers. Many of them are legal persons.
Customers, funds coming in and out, can often be counted in the tens of thousands.
Far East Bank has established many branches and offices in Hong Kong, Kowloon and the New Territories.
Qiu Degen's career has reached its peak, and the locals call him the richest man in the New Territories and the New Territories banking giant.
Who knew that fate was not as good as man's calculations? On January 26, 1965, a run on Mingde Bank occurred. A few days later, Mingde Bank collapsed amid the run wave.
The trend spread like a plague in Hong Kong and Kowloon, and Far East Bank's branches in Hong Kong and Kowloon naturally became the target of "attacks" by depositors. Qiu Degen prayed in his heart that the crowding trend would not sweep across the remote New Territories.
Obviously, God did not receive Qiu Degen's prayer, and the craze soon spread to the New Territories.
Far East Bank was in a precarious situation, and no matter how Qiu Degen explained to depositors, he could not stop them from withdrawing money.
Although the Far East Bank finally survived the crisis, it had lost its former glory and could only survive. In 1967, the Xiangjiang Incident happened again. Finally, in 1969, Qiu Degen could no longer hold on.
, transferred 76% of the shares of Far East Bank to the US-owned Bank of China.
Since then, Far East Bank has changed its surname, but it is difficult for a strong dragon to defeat a local snake. Although Qiu Degen only has 24% of the shares of Far East Bank, he still serves as the chairman of Far East Bank.
After the two sides experienced a honeymoon period, conflicts began to emerge. Qiu Degen was a man of little fame, but he was a man unwilling to surrender.
Far East was founded by him. Although he only holds 24% of the shares, he still regards Far East as a family business.
The American boss of IWC in Hong Kong was dissatisfied with Qiu's paternalism, and even more dissatisfied with Far East's operations. American directors often "interfere" in Qiu Degen's operations, saying: "This is not how banks in North America do it."
Qiu Degen retorted: "This is Xiangjiang!"
In the mid-1970s, Wan Guo Baotong proposed a package plan to reform the Far East. What annoyed Qiu Degen the most was the reorganization of the Far East's senior personnel.
If nothing unexpected happens, the two parties will go to court this year. Far East Bank accuses the holding company Wanguo Baotong Bank of violating the contract between the two parties, mismanaging it, and reorganizing personnel without authorization. The defendant Wanguo Baotong believes that the two banks have been operating as joint stock for nearly 10 years and reorganized personnel.
It is within the normal scope of business. According to the Xiangjiang Company Law, personnel rights should belong to the holding company.
The whole lawsuit lasted for 4 years. In the end, Wan Guo Baotong Bank was unable to defeat the local leader and finally chose to withdraw from Far East Bank and sold its shares to Qiu Degen.
As a result, the Far East Bank was still in the hands of Qiu Degen, and encountered the turmoil in the banking industry in Hong Kong in the early 1980s. Qiu Degen had no choice but to look for support from foreign banks again.
In this way, Qiu Degen's Far East Bank was so ups and downs that Qiu Degen once again lost control of the bank.
Xu Yi replied: "Not yet. I heard that the current conflict between the two parties is irreconcilable, and it is very likely that they will eventually go to court!"
Chu Huan thought for a moment and said: "Contact the person in charge of Wanguo Baotong Bank in Xiangjiang for me and ask them if they have any idea of selling shares of Far East Bank!"
Xu Yi nodded and said: "Okay!"
Chu Huan continued: "In addition, tell the three factories, Endowment Printing Factory, Youth Toy Factory, and Langyan Games, to open accounts for employees in the factories at Far East Bank, and deposit 500 yuan in labor into each account. Remember
Only save 500 yuan for labor!”
Xu Yi just thought about it briefly, then understood what Chu Huan meant, and said: "Okay!"
Xu Yi then asked Chu Huan: "Do you want to contact Qiu Degen?"
Chu Huan shook his head and said: "No need for now, it won't be too late to go see Qiu Degen after we have negotiated with Wan Guo Baotong Bank!"
Although the lawsuit between the two companies has not officially started yet, Wan Guo Baotong Bank should have understood by now that it is impossible for them to perfectly control Far East Bank.
Chu Huan believed that if the price was reasonable, the other party would be willing to sell Far East Bank's shares.
After deciding on the plan to attack Far East Bank, Chu Huan continued to check the situation of other Chinese banks.
After waiting until get off work in the afternoon, Zheng Jiachun suddenly came to the Chinese Bank. After seeing Chu Huan, he asked with a smile.
"Is there anything going on tonight?"
Chu Huan shook his head and said, "No, what's wrong?"
Zheng Jiachun smiled and said: "I can't come to you if I have nothing to do. I know that you will go to Japan in a while, so now I want to sit with you!"
Chu Huan nodded and smiled: "Okay, I'll give you this chance!"
What Chu Huan didn't expect was that Zheng Jiachun actually brought him to the MOD club!