In the Wheelock Building's Xinjian Group President's Office, Peng Kezhi, the president of Xinjian Bank, stood across from Li Jianhui fearfully. Even though the indoor temperature was less than 25 degrees, he felt like his body was sweating.
On the eve of the Spring Festival, many people in Jiayi Group were fired or even sued. The heads of these brother companies were very lucky that no problems were found in the companies they managed.
Unexpectedly, in less than two months, major problems were exposed at Xinjian Bank, and these problems were emphasized by Li Jianhui many times in meetings.
He also did not expect that many employees of the Tseung Kwan O branch, including the manager, would dare to violate the regulations set by Li Jianhui and the bank and provide loans to speculators for multiple houses at the same time.
And this is not just one or two cases. According to the current investigation, there are a total of 63 real estate speculators who took out loans in Tseung Kwan O. Many of them are relatives of the Tseung Kwan O branch employees, including the brother and brother-in-law of the Tseung Kwan O branch manager.
The fact that this problem was discovered this time does not mean that this group of people have no funds to pay the monthly payment. The main reason is that the intelligence personnel of the Xiangjiang Division of the Political and Economic Research Office accidentally discovered this situation and reported the legendary real estate speculators in Tseung Kwan O and related situations.
Arrive at the headquarters.
After Li Jianhui saw it, he immediately asked the review office to arrange a special review team to conduct a comprehensive review of the Tseung Kwan O Branch of Xinjian Bank, focusing on the branch's loan business, especially the business involving housing mortgage loans.
You don’t know if you don’t check, but the situation here is simply shocking. Li Jianhui emphasized at the beginning of last year that in order to prevent the possible collapse of housing prices in the future, banks can only provide mortgage loans to individuals and family members for their first home.
For individuals and families of above, Xinjian Bank will not accept this business.
The Tseung Kwan O Branch obviously did not implement this requirement, and the branch management and employees made a lot of manipulations in the lender's information in order to cope with the review of the head office.
Had it not been for the information reported by intelligence personnel and a sudden inspection, we might not have been able to find any problems.
And secretly, this real estate speculator group used the method of mortgage loans for multiple houses at the same time. At least one person among them owned five houses. The one with the most houses was the branch manager brother, who owned a total of 36 houses.
To say that these people are also smart, they know very well the future of housing prices in Tseung Kwan O. None of them are short-term investments. They do not enter a community like many real estate speculators do, raise the housing prices in the community, and then quickly cash out and leave.
These people are heavily invested in Zixinyuan, a high-quality community developed by Hutchison Real Estate here. Although this community is still under construction, this does not prevent this group of real estate speculators from being optimistic about it.
Many people even sold their extra houses and invested fully in it. Among them, 28 of the 36 houses owned by the manager's brother-in-law are here.
Everyone dreams that after the Tseung Kwan O business district is put into use, the house prices of Zixin Yuan will soar to sky-high prices.
However, the reality is very cruel. On one side is the Tiu Keng Ling development plan of the Yan Kin Group, which will be the wealthy area of Tseung Kwan O in the future.
Another issue is the situation in Xiangjiang. Housing prices have now begun to turn downward. Although the price reduction is not large, it has shown bad signs.
These people want to save their capital and get out of their trap, but they may not be able to do so without three to five years.
The worst thing is that Zixinyuan is still under construction, and it is unlikely that they will sell it. No one knows where the house price will be by the end of the year.
As a businessman, Li Jianhui personally has no objection to real estate speculators. After all, whether it is Tianshui City, Huihong City or Huangpu Garden, if it were not for these real estate speculators, the funds would not be withdrawn so quickly.
But as a bank boss, he has to guard against these real estate speculation groups. Once housing prices plummet, these people will be trapped in it, and the bank will suffer huge losses as a result.
Therefore, he only controls his bank not to provide funds to real estate speculators to build houses. He maintains a warm welcome to those real estate speculators who come to purchase houses in his development projects.
Looking at Peng Kezhi standing opposite, Li Jianhui said with some resentment: "You are also a senior practitioner in the banking industry. Before you came to Xinjian Bank, you were the deputy general manager of the Bank of East Asia.
I specifically asked Li Guobao to ask you here because I value your ability and believe that you can manage Xinjian Bank well.
In order to give you enough independent power, Xinjian Bank has been made an independent company and is not under the jurisdiction of the top management of Xinjian Group. I personally rarely interfere or interfere with the bank's affairs.
I am very disappointed with the Tseung Kwan O branch incident. Since the beginning of last year, I have told you many times in high-level meetings that the bank must strictly review its real estate-related loan business, improve our bank's lending standards, and strictly prohibit the flow of funds to real estate speculators.
As a result, one branch in Tseung Kwan O had such a big problem. What happened to the Shui Wai branch, Sai Kung, Tai Po, Kowloon and other branches that day?
Have you ever thought about how much loss we will suffer once housing prices collapse and these people are unable to repay their loans?"
Faced with Li Jianhui's questioning, Peng Kezhi had no confidence to refute at all. He knew very well how much independent power Li Jianhui gave him.
To put it bluntly, in the entire Xiangjiang, except for the two British-owned foreign banks, Jardine Matheson and HSBC, no professional managers under any company have as much independent power as those under the Xin Jian Department.
At present, Chinese-owned enterprises in Xiangjiang are mainly family-owned. The main positions are firmly held by the founding family members of the enterprise. There is no such thing as professional managers.
By virtue of their status as professional managers, Shen Bi, Nubigian, Wei Li, etc. are able to stand on an equal footing with the heads of major families in Hong Kong. They are definitely the idols of the migrant workers in Hong Kong.
The reason why many outstanding talents are now willing to work under the Xinjian Department is that compared to traditional Chinese family businesses, most of the companies under the Xinjian Department are run by professional managers, and Li Jianhui will not interfere too much, especially when they are listed.
company.
For example, Lane Crawford, Jiayi Group, Watsons, Xinjian Bank, etc., at most, Li Jianhui formulates a big development strategy, and the specific development strategy is a matter for the top management of the company.
Professional managers in other companies are deeply afraid that their bosses will interfere with the company's development, but when many Xinjian companies are formulating development plans, many of them specifically ask Li Jianhui to intervene.
They know their boss's strategic vision very well, and with Li Jianhui's guidance, the company's development can avoid many detours.
It’s just that this boss is getting lazy now. I don’t know if it’s because he has a child. My boss now spends a lot more time at home than in previous years. In the past, he only rested on Sundays at most, but now he rarely comes to the company on Saturdays.
He is rarely seen in companies that are on the right track. Even the film and television songs that he used to give guidance to Jiayi Group are no longer available this year. What blockbusters will be released this summer will be decided by Jiayi Group itself.
In addition to Wheelock Building, the two major groups where Li Jianhui can be seen most now are Huaxin Technology and Phoenix Technology.