After going round and round, Li Jianhui returned to Xiangjiang on the 7th. During this period, he not only reached some cooperation agreements with Hunan Province, but also deepened cooperation with Yuzhou and Guocheng.
Xiangjiang is also quite lively during this period. On the afternoon of the 6th, Aimego Company announced that Liu resigned as chairman of the board of directors and general manager of the company, and Liang Yingwei took over his position.
At the same time, it was also announced that the company has reached strategic cooperation agreements with Lane Crawford and Tesco Electrical Appliances, and Aimego products will be sold through these two major channels.
Because of this announcement, it became the headline of many newspapers, and citizens discussed it a lot.
Although Liu's legend in the business world is far from comparable to that of Li Jianhui, he still has some influence among the younger generation. In just a few years, he built assets worth hundreds of millions from nothing, which can be regarded as an inspirational model in the business world.
However, such an elite lost control of his own entrepreneurial enterprise, and a legend basically came to an end.
On the evening of the 6th, members of the four major associations of Far East, Sun Hung, New Asia and Nanjiang attended the charity gala held by HSBC in the Peninsula Hotel.
It is very similar to the charity gala a few years ago, except that that time they discussed jointly targeting the Xianghua Club, but this time these companies discussed targeting the Donghua Club.
In the Peninsula Hotel conference hall, as the organizer, Shen Bi first spoke: "Today I specially found a reason for everyone to gather together, mainly to discuss how to respond to the Tung Wah Association's attack.
I believe everyone has seen the actions of the Tung Wah Club in the past few days. This time, the other party is definitely not targeting just one company, but intends to eliminate us all and let the Xiangjiang market be completely dominated by the Tung Wah Club.
I believe everyone has a general understanding of how strong the Donghua Society is. If we continue to fight on our own at this time, I am afraid that our results will be even worse than those of the Xianghua Society."
It is not that these people present are not aware of the current situation they are facing, especially the Nanjiang Society. The Donghua Society this time is mainly aimed at them. Not only has it been attacked on the stock market, but also Aimeigao, one of the industries of the Nanjiang Society, has also been attacked because of Donghua.
will be lost.
However, it is not easy for several parties to cooperate with Donghua Association. Simple cooperation will not have much effect. The core industries of several parties are similar and they are competitors. Even if they join forces, the effect will only be 1+1>2.
As for the merger of several companies, that is simply impossible. None of the core members is a momentary talent. If they didn't have ambitions in their hearts, they would have directly chosen to join the Donghua Society, so there would be no need to build their own power.
Li Zhaoji said: "At present, the Tung Wah Association is mainly targeting and suppressing us from the stock market, real estate, retail, film and television media, transportation, gas, and electricity industries.
The biggest impact at present is the stock market, real estate, and retail. Everyone should be aware of the personality of the Tung Wah Club. The reputation of the price butcher is not a rumor. Everyone must be mentally prepared for these two industries, or give up the Xiangjiang market, or else
Just be prepared to not make much profit for a few years.
In the stock market, it is best for us to control more than 50% of the shares in our main listed industries, otherwise we must be prepared for possible losses.
The 35% red line cannot limit the Donghua Association. They have countless ways to avoid it.
And I heard that the major banks under the Tung Wah Association, including Xin Jian, East Asia, K. Wah, Dao Heng, and Wing On, are preparing to lower their loan interest rates. This is obviously aimed at our major banks.
Now we are all regarded by the Donghua Society as threatening the stability of their rear market, and we are all within the scope of the Donghua Society. Only by uniting and cooperating can we hope to survive this crisis."
Zheng Yutong and Li Chaoren also spoke one after another, also talking about the threat posed by the Donghua Society to several parties, hoping that several parties could unite and cooperate to jointly deal with the Donghua Society's targeting and suppression.
It's just that in terms of specific cooperation, no reliable plan has been come up for a while. Some people may have plans in their hearts, but they may not say it out loud before the time comes.
However, everyone present was filled with righteous indignation towards the Donghua Society. They all believed that the Donghua Society had become an obstacle to the development of all parties. If the Donghua Society was not stepped down, they would never have peace.
In these people's words, the Tung Wah Society is an evil dragon, a destroyer of order, and a model of harming others without benefiting oneself. Especially in the property market and banks, it has lowered property market prices and bank profits, and is even more destructive. Prosperous development of economy and industry.
Perhaps feeling that the atmosphere was about to change, Shen Bi said: "In order to clear up the cancer that affects the economic prosperity and development of Hong Kong, I hope everyone can make some concessions on some things.
In terms of financial banks, we currently have HSBC, Nanjiang Hang Seng, New Asia, and Sun Hung Kai under our subsidiaries, and their strength is not much worse than those under the Tung Wah Club.
It’s just that there is not much cooperation among our banks, so our competitiveness and development potential cannot be compared with Xinjian, East Asia, K. Wah, Dao Heng, and Wing On.
I hope that our major banks can hold shares in each other and form a community of interests to jointly respond to the financial attacks that Donghua will face from us."
Keswick also expressed the hope that several retail companies can merge with Wellcome Supermarkets to strengthen Wellcome Supermarkets and enable Wellcome Supermarkets to compete with Lane Crawford.
Kadoorie, who is the chairman of the board of directors of CLP Power Group, also expressed the hope that all its properties will be connected to the group's power.
"Everyone, the major banks are currently developing well. In my opinion, it is not necessary to hold shares in each other. To deal with the financial attacks of the Tung Wah Association, as long as we strengthen cooperation.
As for the merger of the retail industry and Wellcome, it is also unnecessary in this regard. We can completely form a misaligned development and jointly cope with the retail suppression under the Tung Wah Association.
I have no objection to our building being connected to CLP Power. At the same time, I also hope that all properties can be connected to our Towngas.
At the same time, we hope that Sun Hung Club’s home appliances, clothing, food and beverages and other products can enter various retail department stores and supermarkets.”
After Li Zhaoji finished speaking, Zheng Yutong also expressed his opinion. It was impossible for banks to hold shares in each other, but retail mergers could be discussed. There would be no problem with the building being connected to China Power and China Gas.
Li Chaoren's opinions are similar to those of Li Zhaoji and Zheng Yutong. It is impossible for several banks to hold shares in each other.
Especially for Nanjiang Hang Seng Bank, the current major shareholders are quite complicated. If several major banks hold shares in each other, he doesn't know whether he can still control the bank.
As the proposer, Shen Bi is obviously a little disappointed. Although this time he attacked Xinjian Bank to obtain the right to issue Hong Kong dollar notes, the competition between HSBC and Xinjian Bank is becoming increasingly difficult.
In the stock market, the total market value of Lane Crawford has surpassed HSBC by more than 20 billion Hong Kong dollars. The total market value of Xinjian Bank is constantly approaching. Not only is HSBC unable to return to its peak and become the number one listed company in Hong Kong, it is also almost impossible to maintain the number one bank.
This time, he also wanted to take advantage of the Tung Wah Association's opportunity to target all parties and consolidate HSBC's position through mutual shareholdings in several banks.
However, it is obvious that several parties attach great importance to their own financial center and are unwilling to hold shares in each other.
On the contrary, China Power and China Gas have gained a lot of benefits, because apart from the Tung Wah Association, there are no internal competitors, so they are willing to accept these two companies into their properties.