In early December, Hong Kong was calm and nothing happened.
Originally, at the beginning of December, someone analyzed the acquisition of Dao Heng Bank by Jia Ku Bank. It was most likely that Jia Ku Bank wanted to expand its influence in Hong Kong's banking industry. According to Jia Ku's usual style, it would either not
Do it, do it and make it bigger. This is likely to be a hurricane that will sweep across the entire banking industry in Hong Kong.
Immediately afterwards, news came out that Jiaku Bank had issued a purchase price to Hang Lung Bank, a bank with a long history in Hong Kong.
This seems to confirm the thoughts of those people before.
But soon, Zhuang Rongkun, the head of Hang Lung Bank, and Liu Zhiyuan, the head of Jiaku Bank, came out to refute the rumors.
The rumors refuted by both parties were consistent. Kako Bank did make inquiries to Hang Lung Bank, but with Hang Lung Bank's rejection, Kako Bank stopped all possible acquisitions of Hang Lung Bank.
As soon as this news came out, some people who did not mind the excitement felt a little bored, but at the same time, many people working in the banking industry in Hong Kong breathed a sigh of relief.
If Jiaku Bank really enters the acquisition of other banks in Hong Kong with this attitude, it will acquire if the other party agrees, and if the other party does not agree, it will not acquire. This is a very good status quo.
Subsequently, news broke that Jiaku Bank had issued acquisition inquiries to a number of local banks in Hong Kong, and the results confirmed these people's thoughts.
If you agree, Jiaku Bank will actively negotiate with the other party; if you don't agree, Jiaku Bank will turn around and leave without any delay!
"Most of the bank bosses rejected our acquisition application, and a small number of bank bosses wanted to invite us, Koko Bank, to become a shareholder in their bank. In the end, only one Conian Bank agreed to our acquisition application. Now the company is in the process of
Negotiate with the other party!"
Liu Zhiyuan found Chu Huan on this day and told Chu Huan what he had done during this period.
Conian Bank can only be considered a small bank in Hong Kong. Its founder, Li Xingqu, founded Conian Bank in 1921.
However, these small local banks in Hong Kong were basically acquired by foreign investors during the bank run wave caused by Hang Lung Bank.
Conifer Bank is no exception.
The golden age of Hong Kong's local banking industry was from 1946 to 1964. At that time, although the capital of the Chinese banks in Hong Kong was small, they had a large number of branches and branches. They had considerable influence among the Chinese in Hong Kong, especially among the middle and lower classes and small and medium-sized enterprises.
.
However, 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.
By the end of 1988, there were still 27 Chinese-owned banks registered locally. However, two of them were fully taken over by the Hong Kong government, namely Hang Lung Bank and Overseas Trust Bank. They were acquired by major foreign banks and other institutions, and the controlling one was actually
Up to 20 banks, including Guangdong Bank, King Wah Bank, Dah Sing Bank, First Bank of Zhejiang Province, Hong Kong Commercial Bank, Dah Sing Bank, Dao Heng Bank, Far East Bank, Hang Seng Bank, Conian Bank, Hong Kong Chinese Bank, Hong Kong Industrial and Commercial Bank of China
, K. Wah Bank, Kwong On Bank, Liu Chong Hing Bank, Shenghai Commercial Bank, Sun Hung Kai Bank, Wing Hang Bank, Wing On Bank, Union Bank.
Only a few of the 27 banks, including Wing Lung Bank, can remain fully independent.
By 1989, three barely independent Chinese banks had their licenses revoked by the Hong Kong government.
It can be said that the local Chinese-owned banks in Hong Kong were able to become a powerful force in the banking industry in Hong Kong at the beginning. In the end, due to their poor individual capital capabilities, they completely lost their status in the Hong Kong Bank group system.
After entering the 1980s, the Hong Kong banking industry, which lost the Hong Kong local banking group, was left with five major banking groups: HSBC Group, Chinese Bank Group, American Bank Group, Japanese Bank Group, and European Bank Group.
At that time, the HSBC Bank Group had four components, namely Heungkong HSBC, Heungkong Hang Seng,
HSBC Financial, and HSBC Investment Bank Asia Holdings, which was renamed by Duoli, are all licensed banks.
In 1981, the number of HSBC branches in Hong Kong was as high as 250, and the number of Hang Seng Bank branches in Hong Kong was 45, accounting for 378% of the number of branches of the Bank of Hong Kong!
At the same time, HSBC Group also has the largest number of deposits among banks in Hong Kong, accounting for more than 50% of the total deposits in Hong Kong!
However, the largest banking group in Hong Kong is not HSBC, but a Japanese banking group!
When Japanese banking groups first entered Hong Kong, there were only three banks: Bank of Tokyo, Sanwa Bank, and Sumitomo Bank, all of which entered Hong Kong before 1965.
When they first entered Hong Kong, the business focus of Japanese banks was not on deposits. The main businesses of Japanese banks in Hong Kong were loans and fund raising, the most important of which was syndicated loan business.
After entering the 1980s, Japanese banks began to shift their business focus to securities underwriting, financial management and dialogue business.
According to statistics, during the same period, the amount of loans issued by Japanese banks in Xiangjiang far exceeded the amount of their deposits. The loan amount may have exceeded half of the total loan amount in Xiangjiang!
This is also the reason why the Japanese banking group can become the first banking group in Hong Kong!
However, Japanese banks in Hong Kong adhere to the principle of making a fortune silently, so news about them rarely appears.
Chinese-funded banks are still very low-key in Hong Kong. Their transformation had to wait until the 1980s. With the changes in their hometown, Chinese-funded banks also began their transformation in Hong Kong. In the 1980s, China-funded banks began to make efforts.
Capital Bank has gradually grown into an important member of the Hong Kong Bank Group!
This chapter is not finished yet, please click the next page to continue reading the exciting content! The situation of American-funded banks and European-funded banks is similar. Although they have their own business in Hong Kong, their proportion is not very high. Among them, American-funded banks
The group is stronger than the European bank group!
The main reason why Conian Bank was taken over by foreign capital was because they had a bad debt of 1.6 billion Hong Kong dollars in 1981.
This also shows the ability of local banks in Hong Kong to withstand pressure. The bad loans of HK$1.6 billion have already dealt a devastating blow to them.
It was only the end of 1979, so the loan probably hadn't been released yet. As for why the other party decided to sell Conian Bank, Chu Huan didn't really care.
"When making an acquisition, you must pay attention to their assets. This is the top priority!"
Chu Huan preached to Liu Zhiyuan.
Liu Zhiyuan nodded and said, "I understand, Chairman, please rest assured!"
Chu Huan nodded, "Besides, the banks that Anxi requested to invest in should reject them!"
Now that he has decided to take a laissez-faire attitude towards the expansion of the banking industry at this time, Chu Huan will not use his own funds to guarantee them!
In early December, the biggest news in the Xiangjiang business community was probably the acquisition of Dao Heng Bank and Connian Bank by Kako Bank.
Although these two banks cannot be called large banks in Hong Kong, as Kako Bank completed the merger of Bank of East Asia and Far East Bank, and then successively acquired Wing On Bank, Dao Heng Bank, and Conian Bank.
Jia Ku Bank has officially become a first-class banking group in Hong Kong.
Although it still cannot catch up with banks like HSBC and Standard Chartered, it is almost as famous as Hang Seng Bank!
If Alde Commercial Bank is added to the mix, the Jiaku banking group has officially become a large banking group in Hong Kong!
"The Birth of a Banking Giant!"--"True Report"
As the official newspaper of the Kaku Clan, "Jinbao" also published a report after Kaku Bank completed its acquisition of Daoheng Bank and Conian Bank.
As soon as this report came out, it immediately caused a huge sensation in Hong Kong. More importantly, it made many people think that Jiaku would be a monopoly similar to the imitation, toys, comics, and department store industries and chose to give up.
But that will all happen after the year.
As we entered mid-December, although the business community in Xiangjiang did not
Something big happened, but a big thing happened in South Korea that was reported by major media and newspapers.
Chun Doo-hwan, the commander-in-chief of the South Korean Security Command, launched the Double Twelve Coup that affected South Korea's history and seized power in South Korea in one fell swoop.
Although Chun Doo-hwan has not officially assumed the post of president of South Korea, no one will doubt that Chun Doo-hwan will become the largest ruler of South Korea!
Although this news was big enough and sensational enough, Xiangjiang didn't actually take it too seriously.
But a person in Xiangjiang was already happy at this time!
And this person is Quan Zaiguo who took refuge in Xiangjiang.
Previously, in order to avoid risks, Quan Dou-hwan arranged for Quan Jae-guo to go to Xiangjiang. Now that Quan Dou-hwan has completed the transfer of power in South Korea, there are only a few days until Quan Jae-guo returns to South Korea!
"Master Quan, congratulations, you will be the number one son of South Korea from now on!"
Chu Huan also specially came to the Deep Water Bay Villa where Quan Douhuan lived on this day. During this period, Quan Douhuan's life in Xiangjiang was indeed a little happy.
Surrounded by different beauties every day, the delicacies are even more disgusting to eat.
"Master Quan, although beauties are nice, you should also pay attention to your health!"
Seeing Quan Douhuan's pale face with an unhealthy smile, Chu Huan suspected that if the No. 8 typhoon signal came to Xiangjiang at this time, Quan Douhuan would be blown away by the wind while walking on the street!
"Haha!" Quan Douhuan laughed and said, "Dr. Chu, I would like to thank you for your hospitality in Xiangjiang during this period. Don't worry, I will tell my father your suggestions when I return to South Korea. Then we will
Let’s all make money together!”
Chu Huan smiled and said, "If that's the case, that would be great. After all, there is nothing in this world that money can't buy. All that matters is whether the price you offer can impress the other person!"
"That's right!" Quan Zaiguo immediately laughed and said.
Naturally, Chu Huan would not say anything more to this dandy who only had beautiful women in his heart. As long as Quan Zaiguo could successfully bring the things he mentioned before to his father, there was nothing else to say.
After chatting with Quan Zaiguo for a few words, Chu Huan stood up and left.
Although Wu Shuhan is in her hometown now, when Chu Huan goes to London, Wu Shuhan will also be in her hometown at that time, but this does not prevent her from coming back at this time.
The important reason why Wu Shuhan came back was actually because of what Chu Huan told Cao Yunshang before, about donating the school in his hometown.
"What's the situation back home now? Do you accept the suggestions we made?"
After Wu Shuhan returned to Xiangjiang, he went directly to No. 12 Mount Calais Road, and Chu Huan and Cao Yunshang also chatted with Wu Shuhan about the matter in the study.
After chatting with Cao Yunshang, Chu Huan told Wu Shuhan about the incident and asked Wu Shuhan to inquire about the process of donating the school in his hometown.
According to records, Shao Yifu started donating money to run a school in his hometown in 1985, but it is still 1979. Chu Huan is not sure whether his hometown can accept this.
Cao Yunshang said, "I have consulted with the relevant departments in my hometown. In fact, they still have many concerns about this donation. The most important concern is ideological issues. Using capitalists' money to build schools. In such a situation,
There is a lack of such experience back home.”
After hearing this, Chu Huan nodded and asked, "So this matter is still under continued negotiation?"
"That's it!" Cao Yunshang said helplessly.
Chu Huan smiled and said, "It doesn't matter. If we can't reach an agreement now, let's talk slowly. Anyway, we are not in a hurry. This time, you can first ask in coastal cities. They accept new things faster!"
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Although donating funds to run schools will definitely be done in poorer places in the future, but in the current situation, if you want to accomplish this thing, you must
It's not that simple. Instead, it's better to try the water in some cities first.
Wu Shuhan nodded, this matter was not something that could be done in a hurry, either for them or for their hometown.
"Boss, what about running schools in Xiangjiang?"
Wu Shuhan is still very concerned about this matter. After all, Chu Huan's original intention of setting up a school in Xiangjiang was to prepare for the second generation of the Chu family, which means that Wu Shuhan's children will definitely study in this school in the future!
Chu Huan smiled and said, "Xu Yi has already started to select a site. If nothing unexpected happens, construction can start next year!"
It is a bit difficult to donate money to run a school in my hometown, but it is not difficult to establish my own comprehensive college in Xiangjiang.
Now Chu Huan has not much else but a lot of land. There is no problem in finding a piece of land to start his own school!
Of course, such behavior must be a wasteful behavior in the eyes of many people. After all, land in Xiangjiang is very expensive. I want to carve out a large piece of land in such a place to build a kindergarten, primary school, and middle school.
Comprehensive colleges are definitely a waste of money.
Cao Yunshang said, "I have already started the design with my eldest brother. Once it is completed, it will definitely become the best prestigious school in Hong Kong!"
Later generations said that it was difficult to enter the school in my hometown, and what followed was the matter of housing in the school district.
But in fact, it is more difficult to get into prestigious schools in Xiangjiang. Almost every parent will try their best to send their children to prestigious schools.
Not only can you get better educational resources in famous schools, but more importantly, famous schools are difficult for ordinary people to enter, but it is very easy for the top rich.
No matter what era, a circle is very important!
After a brief chat about the establishment of the school, Wu Shuhan began to report to Chu Huan on their situation in their hometown.
"Right now, hotels in Beijing, Shenghai, and Lin'an are already under construction. As for Pengcheng, the documents for establishing a special zone in Pengcheng have not yet been officially issued, so we still need to wait!
In addition, the hotel management students from Beijing, Shenghai, and Lin'an have all come to Xiangjiang with me, and now they have been entrusted to the big hotel group!"
This is the first project that Chu Huan asked Wu Shuhan to take charge of in his hometown. Like many businessmen in Xiangjiang, Chu Huan made his first major investment in the hotel industry in his hometown.
"Xu Yi will report this matter to me every month. How did you go about the other thing I asked you to do?"
Chu Huan is not too worried about building a hotel in his hometown. After all, apart from Chu Huan, Emperor Huo and the chartering king have already started doing this. I believe there will be no other problems in this matter.
Another thing Chu Huan asked Xu Yi to do was actually a private matter in a strict sense!
Wu Shuhan smiled and said, "Now a batch of courtyard houses in Beijing and old bungalows in Shenghai have been returned in advance, and this batch actually wants to deal with these courtyard houses and old bungalows!"
Originally, when we proposed to acquire these properties, our hometown did not agree, but when we proposed to trade with the Housing Authority in U.S. dollars and increase their price by 20% on the basis of the house collection, our hometown agreed."
Nowadays, there are still many problems with private sales of houses in my hometown. More often than not, the housing authority is responsible for purchasing the properties that want to be sold.
One of the things that Chu Huan asked Wu Shuhan to pay attention to in his hometown was actually the courtyard house in the capital and the old house in Shenghai.
In 1979, my hometown began to return the private property that had been taken away. In fact, it had already started in 1978. Otherwise, the Rong family would not have received their own assets, and Mr. Rong would not have been able to come to Xiangjiang.
However, as Wu Shuhan said, there must be a process for such returns. Those who return in advance are usually those with connections overseas. What my hometown hopes is actually to let these people see their hometown's determination to reform and open up.
Cao Yunshang knew about this and asked Wu Shuhan curiously, "How much does a courtyard house cost?"
Wu Shu
Han smiled and said, "When I came here before, there happened to be a courtyard house for sale in Caishikou, Beijing. This courtyard house was only about 200 square meters including the yard. The result of our negotiation with the owner was 1,000 yuan!"
"So cheap?" Cao Yunshang asked in disbelief.
200 square meters is equivalent to more than 2,000 square feet in Xiangjiang. According to the current housing prices in Xiangjiang, such a property costs at least 1.4 million yuan. In my hometown, I bought it for 1,000 yuan?
Cao Yunshang smiled bitterly and said, "It's not that easy. Although after we completed various procedures, the house is ours, but in fact there are still many tenants living in this courtyard.
Moreover, according to the policy of their hometown, these people do not need to move out. They only need to pay 2 yuan in rent per room per month to enjoy permanent residency. In addition, we also need to pay 2 yuan per room per month to the housing authority.
Not only that, but they also have to pay for house repairs. Each courtyard house costs about two to three hundred yuan per year!
This is why some homeowners are willing to sell their courtyard houses!”
"Permanent residency?" Cao Yunshang doesn't care about rent, property taxes, and maintenance costs. What she really cares about is the permanent residency of those tenants. "In this case, aren't we spending money to give them enjoyment?"
Chu Huan smiled and said, "There are always other ways, right?"
Wu Shuhan nodded and said, "Nowadays, there are basically three methods for landlords of courtyard houses in Beijing. One is to be aggressive, using all kinds of methods to evict the tenants, and then live there by themselves; the other is to lie flat and neither take in the tenants."
The rent doesn't matter whether the house is repaired or not. It doesn't matter what you like. The third is to give in and simply sell the house to the housing authority and don't want it anymore.
This chapter is not over yet, please click on the next page to continue reading! That’s why we can successfully accept so many properties.”
Cao Yunshang, a native of Xiangjiang, could not understand this situation. He knew that Chu Huan gave Wu Shuhan a large sum of money in order to acquire more courtyard houses and old houses. According to what Wu Shuhan said about his hometown,
Cao Yunshang couldn't even imagine the housing prices, the number of courtyard houses and old bungalows that this money could buy.
Especially the aftermath after the purchase gave Cao Yunshang an even more headache.
"Brother Huan, although housing prices will definitely increase with the economic development of my hometown, is it still a bit exaggerated to buy so many properties?"
Exaggeration?
For example, the 200-square-meter courtyard house in Caishikou that Wu Shuhan just talked about is only 1,000 yuan now. But in later generations, such a courtyard house will cost at least 35 million yuan. If it is in a prime location, it will be in units of 100 million yuan.
It's calculated.
To put it simply, this investment alone can make Chu Huan the richest man in the world in the future!
As for the old bungalows in Shenghai, this is even more true. In later generations, they were simply worthless but useless. They were nothing but carrots and pitfalls.
"Just think of it as an investment. It doesn't cost much anyway!" Chu Huan said with a smile.
"What should we do with these tenants? We can't keep them forever, right?" Cao Yunshang said with some dissatisfaction.
Chu Huan smiled and said, "Let's do this for now. Let those people live in some small courtyards first. When the policy changes in the future, we will find a way to get them out."
Then Chu Huan said to Wu Shuhan, "The most important thing is to find those big houses, especially the ones left by the princes, and the old bungalows in Shenghai. You can discuss it with the people in the local government in Beijing and Shenghai. As long as
If they can help us get a house like this, our company will increase its investment in the capital by HK$10 million. The more, the merrier!
Of course, you have to tell them that after these houses are taken over, we will have to renovate them to live in, so the tenants or offices there must move out!"
To put it bluntly, what Chu Huan is playing now is an information gap. The situation in his hometown places more emphasis on foreign investment. As for those courtyard houses and old bungalows, they are actually not that important to them.
Naturally, they will not know the value of these properties in the future!
"Each property is worth HK$10 million.
Investment?" Wu Shuhan said with some surprise, "Boss, is this investment too big? I'm worried that people over there will sell all kinds of houses to us like crazy?"
"Han Xin ordered troops, the more the better, Chu Huan bought a house, the more the better. Besides, even if we don't have these properties, according to our plan, in the next few years, the investment in these cities will not be less, there is no need at all
Another investment!"
Chu Huan smiled.
After hearing what Chu Huan said, Wu Shuhan finally understood what Chu Huan meant.
With a smile on his face, he said "I got it!"
Cao Yunshang didn't care about this anymore. She just said that because she didn't know the future value of the courtyard and the old bungalow at all. But as Chu Huan just said, although the money Chu Huan gave Wu Shuhan looked to outsiders,
It’s already a lot of money, but for Chu Huan and Cao Yunshang, the money is really not much!
Wu Shuhan stayed at No. 12 Mount Galley Road that night. She hadn't seen him for several months, and he and Chu Huan were also going crazy.
In the following days, nothing happened in Xiangjiang. Wu Shuhan also stayed in Xiangjiang and reported to Chu Huan some things about the investment company established by Lin Feng and Qin Peng.
Now Lin Feng and Qin Peng are protecting crude oil, so the investment company they have in their hometown is now also being watched by Wu Shuhan.
However, there is actually no business environment in my hometown yet, so their investment company has not done much. At this stage, it is just doing this.
On the other side, on the third day after the Double Twelve Coup, Quan Zaiguo left Hong Kong and returned to South Korea.
After he returned to South Korea, Chu Huan received a call from Quan Douhuan. On the phone, Quan Douhuan told Chu Huan that he had learned about Chu Huan's thoughts in Quan Zaiguo, and sent an invitation to Chu Huan, hoping that Chu Huan
If you have time, you can go to Seoul.
At this time, the capital of South Korea is not called Seoul, but Seoul!
Therefore, South Korea’s development in the 1970s and 1980s is also known as the Seoul Miracle!
However, Chu Huan did not agree to Quan Douhuan's invitation.
"Commander Quan, there is still some chaos in South Korea. I think you will need time to straighten out the situation in South Korea. Wouldn't it be better for me to wait until you straighten out the situation in South Korea and then visit President Quan?"
"
Hearing Chu Huan's greeting in advance, Quan Dou smiled heartily on the phone and said, "Okay, Director Chu, you are more thoughtful, so I will extend an invitation to you when the time comes!"
Chu Huan also smiled and said, "Then I will be nagging President Quan!"
"It should be!"
After the two ended their conversation, Chu Huan just smiled.
In late December, just when everyone in Hong Kong thought that 1979 was going to end like this, a big event suddenly broke out in the business community in Hong Kong, completely shocking the whole of Hong Kong!