At present, there are more than a dozen groups and independent companies belonging to the Xinjian Department, with hundreds of subsidiaries, and more than 200 people with level 12 or above management.
In particular, Tesco Group is not only a Level 14 company, its subsidiaries Lane Crawford and Watsons are also Level 14 companies. IKEA, Tesco Electrical Appliances and Tesco Logistics are also Level 12 companies. It can be said that currently
Xinjian is a group with the most senior executives.
This aspect is different from Wheelock Holdings. Although it has two major groups, e-commerce and Wheelock Land, as well as multiple subsidiaries, the first two are considered independent companies. Wheelock Holdings is only the controlling shareholder and generally does not participate in specific management.
The purchasing group has to directly manage several of its major companies.
In the Xinjian system, generally group-level enterprises have a fourteen-level management system, independent companies generally have a twelve-level management system, and subsidiaries generally have a ten-level management system. If the independent companies and subsidiaries are relatively small, they may even be just
Eight-level or six-level management system.
But there are also some relatively strong independent companies and subsidiaries that may have fourteen-level or twelve-level management systems.
Under normal circumstances, subsidiaries such as Lane Crawford and Watsons should have a ten-level management system, but these two companies are strong enough and their market value far exceeds that of some groups, so they naturally have a fourteen-level management system.
For example, Jingyi Electric Co., Ltd., which is wholly owned by Li Jianhui, has a strong strength and is on the same level as the group. It has a fourteen-level management system and can become a group company with multiple subsidiaries at any time in the future.
Originally, Xinjian Group should have the most senior executives, but Li Jianhui directly classified Xinjian Real Estate, Xiangjiang Airlines, and Xinjian Bank as independent companies. Xinjian Group's senior executives generally did not care about the affairs of the three major companies.
Therefore, although Xinjian Group wholly owns Xinjian Real Estate, and controls Xiangjiang Airlines and Xinjian Bank, these two companies are similar to Wheelock Land, Hutchison Land, etc.
Li Jianhui's implementation of this system is also equivalent to the implementation of a professional manager management system. Each company's top management is responsible, and he is equivalent to an investment manager.
Now that the Xinjian Department is so huge, if he were to take care of everything, he would be exhausted and unable to take care of it.
Several major consortiums in Japan have done a good job in this regard. Whether it is Mitsui's Futuki Kai or Mitsubishi's Jinyao Kai, they are the focus of Li Jianhui's study.
Large consortiums such as Mitsui and Mitsubishi also have internal consultation meetings, such as the Futuki Association. On the second Thursday of every month, the presidents of various Mitsui companies will gather together for a meeting to study the development strategy and direction of the consortium.
Both the Mitsui Foundation and the Mitsubishi Foundation are known as the three core industries. The presidents of these three companies are also the core of the consortium. The development plans and major decisions of the consortium are made by three people.
Li Jianhui is also considering that the Xinjian Department should also form a similar mechanism, so as to be conducive to the long-term development of the Xinjian Department.
However, in terms of core, it is not three carriages, but five carriages composed of Xinjian Group, Huihong Group, Wheelock Holdings, Huangpu Holdings, and Jiayi Group.
Even though Jiayi Group is currently far behind these groups, its future potential will not be much lower than these groups.
Li Jianhui's plan is to build Jiayi Group into a comprehensive film and television media group, including film, television, music, theaters, newspapers, comics, publishing, distribution, etc.
After the advent of the Internet era, portals, video software, websites, music websites, live broadcast websites, short videos, etc. are all industries that Jiayi Group has entered.
There are companies that have established their own companies, as well as companies that hold shares such as Golden Princess Cinemas. When compared with Whampoa Holdings and Wheelock Holdings, it’s hard to say who is stronger and who is weaker.
For this reason, at today's meeting, Li Jianhui proposed a new position, that of executive officer.
This executive is not an executive of a certain group, but an executive of the Xinjian Department. He has the authority to handle the affairs of the entire Xinjian Department, and is also Li Jianhui's best assistant.
The reason why this is established today is also a practical need. Facing the joint suppression by Mitsui and Mitsubishi, the companies in the Xinjian group must work closely together so that they can continue to develop and grow under this suppression.
When Li Jianhui proposed this position, the senior executives present were a little excited, especially the presidents of major groups. The temptation to have the right to manage the entire Xinjian Department was too great for them.
Although there is no clear valuation of Xinjian's total market value, the total market value of each company is still HK$100 billion.
Although this cannot be compared with a giant like IBM with a market value of more than 100 billion US dollars, it is already a very terrifying existence in Hong Kong.
Unfortunately, Li Jian only appointed three executive officers for the first time. Huang Guangxing, chairman of the board of directors of Huihong Group, became CEO, and the other two were Wei Li and Li Zaiwei.
Originally, Clay Johnson, chairman of the board of directors of Huangpu Holdings, was also suitable to join the executive team, but currently it is difficult for other Chinese presidents of other groups in the Xinjian department to support themselves. Li Jianhui has not set up five for the time being, and Johnson can only wait.
A chance.
Becoming an executive team does not mean they stay in Hong Kong. In addition to the CEO, the other two will go to major markets to lead the expansion of Xinjian Industries in the local market.
Among them, Li Zaiwei will go to Kuala Lumpur to replace Walker Horford and be responsible for Xinjian Department’s affairs in the Southeast Asian market.
Wei Li's task is even heavier. He will go to Tokyo to be responsible for the development of the Xinjian industry in the Japanese market.
This is directly facing several major consortiums in Japan. Now that I think about it, Li Jianhui feels that Wei Li may be able to lead the Xinjian industry to develop and grow in such an environment.
Thinking back to Hutchison Whampoa, which was stuck in a quagmire but was pulled out by Wei Li. Li Jianhui also hopes that Wei Li can bring miracles to the Xin Jian Department in the Japanese market.
As for Walker Horford, he will go to Taipei and be responsible for the development of Xinjian Department’s industry in Baodao.
At present, this is also the main market for Xinjian Department. Although the North American market is huge, Xinjian Department’s current sales there are games. For the entire Xinjian Department, it is far from being able to compete with Southeast Asia, Baodao and even the Japanese market.
compared to.
At the meeting, Li Jianhui specifically requested: “The branches of our major groups in various places must cooperate with the arrangements of the executive officer or the local unified person in charge, and unite and develop together.
I don’t want to hear that some company managers are going their own way and feel that our executive officers or local leaders will not listen to arrangements unless they are their direct superiors. Once something like this happens and your company headquarters does not deal with the person involved, I will suggest that the board of directors deal with it.
you."
Regarding the company's board of directors, some senior executives can guess what is going on. Compared with many listed companies, their board of directors is almost a decoration.
Generally speaking, there is no board meeting, and even if there is a meeting, as long as the president proposes a plan, there will be no objection. This is probably the only Xinjian listed company in Xiangjiang that is so strange.
If these shareholders are all Li Jianhui's trumpets, they will not question it. Even allies cannot have any objections.
Looking at these companies' targeted financing or additional issuance, none of the shareholder representatives voiced any objections. They didn't even comment on the price. They completely followed the plan proposed by the president, and they were quite happy to pay the same proportion of shares.
Fortunately, the outside world does not know the situation of the boards of directors of various listed companies, otherwise the media would have been filled with suspicious reports.
So Li Jianhui's suggestion that the board of directors deal with them is very destructive. Regardless of their high positions, once Li Jianhui wants to support them, the directors of the board of directors will unanimously support Li Jianhui's decision.