Rebirth Strongest Tycoon

You can search “Rebirth Strongest Tycoon 妙笔阁novel website (imiaobige.com)” in Baidu to find the latest chapter!

“Boss, good morning!”

After seeing Xia Yu, Wang Qi immediately stood up and greeted respectfully.

Xia Yu nodded, after sitting down, went straight to the subject and asked: “Which bank did you find?”

“Boss, look, it’s this one, Kwong On Bank, this is the details of Kwong On Bank.”

Wang Qi said, and gave the investigation report to Xia Yu.

After reading it, Xia Yu pondered and found that it did meet the requirements.

In Hong Kong, there are several 100 large and small financial institutions, of which there are more than 100 banks alone, but most of them are small banks, accounting for about 75% of the total, and mid-sized banks account for 20%, large banks account for about 5%.

Kwong On Bank is a small bank, and its main business is commercial bank and asset management. Not at all has obtained securities issuance, insurance and other business chain licenses, but Kwong On Bank has a subsidiary financial Audit company.

Kwong On Bank was established in 1938 by the former Urban Council Member and Chairman Mr. Leung Kwai-Yee. After the death of Mr. Leung Kwai-Yee in 1972, Dr. Ronald Leung Ding-bong took over the family management.

According to historical development, Kwong On Bank would be listed on the Hong Kong Stock Exchange in 1996 and acquired by Development Bank of Singapore Limited in 1998. After that, it was forced to delisting and renamed DBS Kwong On Bank. In 2003, the bank was merged into DBS. Bank (Hong Kong) Limited.

However, at present, Kwong On Bank has a capital of around 200 million HKD, but a debt of 190 million HKD. The load rate is too high and the business situation is average. It has a total of 5 branches located in Hong Kong Island, Kowloon, New Territories, Macau and Singapore, but the branch in Singapore was just established the year before, and the business is still in the pioneering period.

Although Kwong On Bank has many disadvantages and the business situation is not good, Xia Yu doesn’t care at all, but is more satisfied, because the cost of the acquisition will be lower!

Don’t forget Xia Yu’s original intention to acquire a bank. The most important thing is to own a bank and have a capital turnover center.

To put it more clearly, Xia Yu just needs a bank license!

However, it takes a while to apply for a bank license, and Xia Yu doesn’t want to wait.

Even if a license is obtained, it will take a while to start a new bank.

But now Xia Yu alone lacks time. He has no time to establish a bank from scratch. His plan is about to be executed, and he is stuck at the bank.

So owning a bank in the cheapest way has become Xia Yu’s first choice.

As for how poor the acquired bank was before, Xia Yu doesn’t care, as long as it is not insolvent, it is not afraid!

Like Kwong On Bank’s 200 million capital and 190 million liabilities, the debt ratio is as high as 95%, which has exceeded the bank’s normal debt ratio line of 92% or less, and net assets are left at 10 million HKD.

But Xia Yu doesn’t take seriously at all, like his funds have more than 1 billion HKD, as long as they put in, the debt ratio of Kwong On Bank can be directly reduced to a few 10%.

And don’t forget that Xia Yu also has several large companies. If the capital turnover is also placed in Kwong On Bank, then Kwong On Bank can definitely become a mid-sized bank, and it is not the bottom one!

As for the lack of bank licenses in Guang’an, there are almost only two licenses for commercial bank and asset management, and Xia Yu doesn’t care.

Kwong On Bank does not have this license, it does not mean that Xia Yu does not have it!

Jiuding Securities Ltd. has almost all the licenses that Kwong On Bank lacks. As long as the acquisition is obtained, the two complement each other. If there are more, it is a waste, and Xia Yu will have to pay a higher price.

Speaking of this, I have to talk about the difference between banks.

In the world, in addition to special institutions such as World Bank, Central Bank, and policy bank, banks are mainly divided into two categories: commercial bank and investment bank.

The responsibility of commercial bank is to undertake credit intermediary financial institutions through deposits, loans, exchange, savings and other businesses. The main business scope is to absorb public deposits, issue loans, and handle bill discounts.

General commercial banks do not have the right to issue currency. Of course, there are exceptions because of the specialities of some places. For example, Hongkong and Shanghai Bank and Standard Chartered Bank have the right to issue HKD.

The investment bank corresponds to the commercial bank.

Investment bank is a non-bank financial institution mainly engaged in securities issuance, underwriting, trading, corporate restructuring, mergers and acquisitions, investment analysis, venture capital, project financing, etc. It is a major financial intermediary in the capital market.

Investment bank is the title of United States and Europe mainland. United Kingdom is called merchant bank. In Japan and mainland, it refers to securities company.

So in fact, Jiuding Securities Ltd. owned by Xia Yu is the investment bank!

There are three main organizational forms of investment bank: one is an independent professional investment bank. There are many institutions of this type. They cover the whole world. They have their own business directions, such as Goldman Sachs and Morgan Stanley of United States. .

2 It is an investment bank owned by a commercial bank, mainly commercial banks through mergers and acquisitions of other investment banks, equity participation or establishment of subsidiaries to engage in investment banking, this form is very typical in countries such as Britain and Germany, such as HSBC Holdings PLC, UBS Group of later generation .

3 It is a universal bank that directly operates investment banking. This form mainly appears in Europe. Banks are engaged in investment banking and also engage in commercial bank business. This is relatively small now, and it can even be said that there are few. It has to wait until March 1999. After the United States implements the “Gramm-Leach-Bliley Act”, it will appear on a large scale.

United States Since the 1933 “Glass-Steagall Act” stipulates that commercial banks must be separated from investment banking.

The purpose is to prevent the commercial bank from harming the interests of depositors, and to transfer funds to investment and allow depositors to bear huge risks.

This system has been referenced and imitated by almost most of the world’s active financial industries and developed countries.

However, since the 1970s, due to the development of mathematics, finance, statistics and other disciplines, as well as the development of technology and social changes, the business of commercial banks has been struggling, and many banks have fallen into business difficulties and collapsed.

Especially the world economic crisis in 1997, which led to the gradual collapse of this system.

In 2000, Rockefeller Foundation Financial Center’s Chase Manhattan Bank merged with Morgan Consortium’s JP Morgan & Co., followed by mergers and acquisitions of several other banks, and finally the all-round hybrid JPMorgan Chase & Co. appeared.

The emergence of JPMorgan Chase is the beginning. Countries such as Europe and United States, Japan have set off a wave of bank mergers and acquisitions. In order to better respond to competition, each and everyone all-round hybrid banks have emerged.

However, in this era, even in Hong Kong, which is in a special situation, it does not allow all-round hybrid banks to appear.

But Xia Yu doesn’t care too much. Isn’t it that after acquiring the commercial bank, Jiuding Securities Ltd. is not allowed to merge with it? It doesn’t matter to Xia Yu.

Even if you really want to do it, imitate the second mode, just like HSBC, let the commercial bank hold part of Jiuding Securities Ltd. shares and hand over the business to Jiuding Securities Ltd., isn’t it enough?

But this is not necessary, because when the time comes the acquisition of the commercial bank, it is used as the financial center of the subsidiary company. The shares will never be transferred out, so they are all left and right hands relationship. There is no need to do anything extra and implement it. His will will do.

After such analysis and consideration, Kwong On Bank is indeed a very suitable target for acquisition.

Just don’t know how difficult the acquisition is?

Thinking of this, Xia Yu asked: “Wang Qi, are you sure that Liang Family will sell Kwong On Bank?”

Wang Qi hearing this, heavily nodded and said: “I’m sure!”

“Boss, Liang Family did intend to make a move. I have asked someone to verify this news. There is a reason. I will report it to you.”

“After the death of Liang Family Old Patriarch in 1972, the new Patriarch Ronald Leung is now in charge of Kwong On Bank. However, Ronald Leung’s volition is to be in politics, and he has now obtained the qualification of a private practice barrister and is ready to join the Government of Hong Kong. .”

“And the Liang Family is withered, Ronald Leung’s only younger brother does not have a financial talent. In this case, Kwong On Bank will develop into this way. When it was in the hands of Liang Family Old Patriarch, Kwong On Bank The debt ratios are all around 90%, which will not reach the current 95%!”

“So if we want to acquire Kwong On Bank, Liang Family should be willing to let it go.”

After Wang Qi reported in one breath, he hesitated, and brace oneself continued: “Of course, Ronald Leung intends to enter politics. With your strength from the Boss, you can fully support him. When they disagree, if you throw With this condition, it should be no problem.”

After finishing speaking, Wang Qi lowered his head anxiously, not daring to see Boss Xia Yu’s deep gaze.

Although his starting point is good, he is still a bit suspicion of overstepping anyway. Arranging the way for the boss is really wrong.

When Wang Qi finished speaking, Xia Yu looked at him expressionlessly, not knowing what he was thinking.

For a long time, when Wang Qi was about to be unable to hold it, Xia Yu lightly said: “just this once!”

“Yes Yes!”

Wang Qi such as the amnesty, his head lit like a chicken pecking rice.

In fact, Xia Yu was not angry, but just reminded Wang Qi that’s all.

But having said that, Wang Qi’s mind is really good, and his vision and outlook are even bigger.

Supporting Ronald Leung is indeed beneficial to Xia Yu, allowing Ronald Leung to become one of his spokespersons in the political circle, which will greatly benefit Xia Yu, which can stabilize and expand his influence.

And now it can also be used as a condition for Liang Family to let Kwong On Bank go.

For Ronald Leung, Xia Yu also remembered who it was. Later generation has been on the position of Chairman of the Hong Kong Securities Regulatory Commission, has also been Chief Adviser to the China Securities Regulatory Commission, and has also served as Assistant Director of Independent Commission Against Corruption, Acting Grand Justice of the High Court, Huaxia Bank, Huaxia Life Insurance, New China Life Insurance independent non-executive director, etc.

Therefore, this is a talent who has not yet emerged!

If he can be gathered under his command and let him become his own political circle agent, with the support of Xia Yu, it is really possible to help him climb to the highest position, the worst, the top 3 positions can also be imagined.

When the time comes, the political circle is supported by Ronald Leung, Jiuding Enterprises of Xia Yu is definitely as stable as Mount Tai!

Of course, the premise is to earn Ronald Leung under his command!

“It seems that when we acquire Kwong On Bank, we can ask him out to see you!”

Xia Yu thought secretly, taking this matter to heart.

“Wang Qi, the acquisition of Kwong On Bank is up to you. When it’s critical, you can do as you say.”

Xia Yu lightly said.

Wang Qi was overjoyed, and immediately nodded said: “Okay!”

“Be careful!”

Xia Yu reminded.

“understand!”

Wang Qi solemnly promised.