My 1979

Huang Bingxin knows Hong Kong’s banking industry well. He just said, “The development of Hong Kong’s banking industry is mainly due to the development of Hong Kong’s banking industry in recent decades, especially since the 1950s. Hong Kong has experienced two major economic transformations and the rise of labor-intensive industries; In the past seven or eight years, while labor-intensive industries have moved northward to the mainland, high value-added service industries such as finance, shipping, and trade have emerged. These two economic transformations have created a huge long-term demand for funds, thus creating a new environment for Hong Kong’s banking industry. The development has brought major opportunities one after another. Everyone describes the prosperity of Hong Kong’s banking industry: there are more banks than rice shops.”

Li He said, "I know this. There is a bank within a few hundred meters of this street. There are so many banks."

"In 1978, the Hong Kong government relaxed banking license restrictions, which caused a large number of foreign banks to open in Hong Kong, including many overseas Chinese banks in Southeast Asia. In 1982, the abolition of the interest tax on foreign currency deposits caused a large amount of international funds to flow back to Hong Kong. Today, It is no exaggeration to say that Hong Kong is already an international financial center in the Asia-Pacific region. However, as competition in Hong Kong’s banking industry continues to intensify, most of them have been acquired or merged by major foreign and domestic banks, or are on the verge of death.”

The formation of Hong Kong as an international financial center is first of all a natural development process. In the 1960s, Hong Kong became an important entrepot trade center in the Asia-Pacific region. The scale of international transactions conducted through Hong Kong continued to expand. The resulting trade funds and remittances from overseas Chinese constituted an important source of funds for Hong Kong. In the 1970s, Hong Kong gradually developed into an offshore financial center on the basis of becoming an important syndicated loan center.

"These banks are not small, right?"

In Li He's mind, no one with tens of billions would be embarrassed to tell others that he runs a bank.

Huang Bingxin continued, "In September 1982, Mrs. Thatcher went to the mainland for negotiations, and a run occurred on Hong Kong's Chinese-owned Hang Lung Bank. In 1983, Hang Lung was finally taken over by the government. The Hong Kong government injected HK$1.7 billion from the Exchange Fund to save Hang Lung. The purpose is to avoid the expansion of the crisis. Due to the exaggeration of the media, Hong Kong's confidence crisis has become more and more serious, and capital migration has become a wave. In early 1983, the "Hong Kong dollar crisis" broke out. Rumors spread in the market that the Hong Kong dollar would be replaced by the RMB, and the Hong Kong dollar plummeted. People are selling Hong Kong dollars, and 7 deposit-taking companies have closed down, including the wealthy Sun Hung Kai Bank. So far, almost all Chinese-owned banks registered in Hong Kong have disappeared. 27 Chinese-owned banks have either changed their banners or accepted equity participation from major foreign banks. , leaving only three or four companies such as Wing Lung to remain completely independent. Wing Lung Bank is owned by the Wu Yisun family and has always had a stable style. Chinese banks have been dismissed one after another, and Wing Lung has become more cautious and cautious. The deposit-to-loan ratio has been maintained below 40%. The risk is small and the profit is low. Small. On this point, it is destined that Yonglong will never become a big success. The same goes for other families."

Li He had to take a high look at Huang Bingxin. Such an ordinary account manager could actually know everything about the banking industry. It seemed that he was indeed a man with a big heart. He originally thought of poaching him to make do with it because there was really no one at his disposal. , now it seems that I picked it up.

"Then which bank do you want me to acquire?"

"Conian Bank!" Huang Bingxin said urgently, "Mr. Li, I think this opportunity is too good to miss. If you acquire Conian Bank, it will be even more powerful for you. Conian is owned by the Li Bingchao family of Taishan. It is controlled by the Bank and is very small in scale. There are currently only 4 branches. Currently, a shipping loan amounting to HK$160 million is unable to be repaid, resulting in serious bad debts. Connian had to write off a large amount of debts, so that the paid-in capital and reserves were reduced from 260 million Hong Kong dollars reduced to 130 million Hong Kong dollars. Conian lost HK$97 million, causing this small bank to face catastrophe. The Hong Kong government recently announced that it will take over Conian Bank and will use the Exchange Fund. Standard Chartered Bank will assist the banking regulator in managing Conian . Several banks are interested in acquiring Kang Nian, but the price has not been negotiated."

“Can one bad debt lead to bankruptcy?”

This bank was so small that it was a bit unbelievable to Li He. It could go bankrupt with a loss of one or two billion. It was so unbelievable.

"There are a lot of small-scale banks like this in Hong Kong. The most valuable thing about Kang Nian is not the bank assets, but the banking license! Mr. Li, if you miss this opportunity and encounter it again in the future. With your current financial resources, win over Kang Nian No problem at all.”

Li He was a little excited, "How much do you estimate it will cost?"

He was actually looking forward to whether this would be very trendy to play.

"As long as 300 million Hong Kong dollars are injected into Kang Nian, its negative equity value can be restored to a positive value. Mr. Li, we can take out this money."

Huang Bingxin looked at Li He with bright eyes.

"If we wait until after October, we will have enough money to acquire ten companies, not just one." Li He still doesn't want to squeeze out too much money for the time being. At the critical moment, he realized that money would be in short supply when it was used.

Huang Bingxin was anxious, "Mr. Li, as far as I know, the Lin family's First Taiping Industrial, Chinese-funded companies in Shenzhen, and local companies in Hong Kong are all eyeing it. Let's not talk about other companies. Let's talk about the Lin family first. Lin Shaoliang is the richest man in Indonesia. , Lin Shaoliang is at least in the top ten on the list of the world's richest Chinese. If he targets us, we have no chance at all. As the saying goes, strike first to gain the upper hand, we must hurry up."

Li He lit a cigarette, gritted his teeth and said, "You prepare a feasibility report. If it's okay, we'll buy it."

Maybe there is really only one opportunity, and it is up to oneself to work hard for the opportunity, rather than opportunities hitting him when he stands in one place. If he is lucky, the opportunity really hits him, but he does not cherish it. The chance is gone, there is indeed another time.

"Mr. Li, don't worry, I will give you the report tonight."

Li He said, "Don't be so anxious."

"Mr. Li, I'll leave first." Huang Bingxin, however, did not hesitate to support Li He in making this acquisition, and was even more eager than Li He.

He greeted a few people in the room, turned around and left.

Shen Daoru said, "Mr. Li, I think this is really an opportunity for us."

If there is an acquisition, it will definitely be in the name of Yuanda, and he will be the one to benefit. Of course he also hopes that Li He will go for the acquisition. Even if the bank manager is not him, he has at least the names of multiple bank directors on his business card, which is completely different in terms of social status.

"Do you think it's feasible?"

Shen Daoru was considered a conservative in Li He's eyes. When did he become so radical?

"Mr. Li, acquiring banks in Hong Kong is not big news, let alone anything new."

Shen Daoru knew that news in the mainland was blocked, and he thought it was normal for Li He not to know this.