My 1999
Chapter 1143 AIG and AIA
"Haitong Securities and Minsheng Bank are preparing to raise funds externally, but not publicly but privately, and invited us to participate."
"Haitong Securities issued 725 million shares at a price of 35.88 yuan per share, with a net fundraising of 25.9 billion yuan. The share capital after the additional issuance is 4.114 billion shares.
Haitong's net capital will increase from 5.2 billion yuan to 31 billion yuan, jumping from sixth to second in the industry, and the gap with the leader CITIC Securities has also been greatly narrowed."
Although Hanhua also has securities business, its foundation is weak. After so many years of development, it ranks fifth in the country, second only to CITIC, Guosen, Galaxy, and Guotai Junan.
Of course, this refers to capital.
Guosen is the well-deserved first in terms of comprehensive strength.
"Minsheng Bank plans to issue 238 million shares at a price of 7.63 yuan per share, with a net fundraising of 18.16 billion yuan..."
After taking the information from Sun Zhiping, Xu Liang understood his thoughts.
He simply flipped through it and put it down.
"You are asking me these questions, I am afraid it is not whether these companies can be invested, but when will the subprime crisis affect Hua Xia?"
"Nothing can be hidden from you."
Sun Zhiping did not say anything more politely.
"Haitong and Minsheng Bank are both high-quality targets. If you invest now, you will definitely make money in the future. But now the vortex of the subprime crisis in the United States is getting bigger and bigger. Although the Federal Reserve has begun to actively respond, it is still unknown to what extent it can achieve in the end.
If the response is ineffective, the subprime crisis will explode, which will have a great impact on Hua Xia, which is currently in an export-oriented economy. Both A-shares and Hong Kong stocks will fall sharply.
The key now is that I can't judge the time of the outbreak of this crisis. If I keep waiting, I will miss many opportunities.
If I rush in blindly, the crisis will break out and I will suffer a lot of losses."
Sun Zhiping's confusion is also the confusion of many investors around the world now.
Xu Liang smiled. Others don't know, but he knows the time of the crisis.
"My judgment is that the crisis is still early, you might as well go in and make a fortune first. When the opportunity comes, I will order the liquidation within the group."
Sun Zhiping's eyes lit up.
"With your words, I feel relieved and bold to do it."
Xu Liang smiled and nodded.
...
After saying goodbye to Sun Zhiping, Xu Liang came to Jiang Xiaoyang's office on the top floor of Hanhua Center.
After getting up and making him a cup of tea, the beautiful woman who was about to sit next to him was suddenly pulled into his arms by him.
"This is the company, you should be careful."
"It's okay, everyone has known it for a long time."
Seeing that he couldn't beat this two-faced man, Jiang Xiaoyang just let it go.
"Is Sun Zhiping busy?"
"It sounds like there is money to be made, and all the big and small real estate companies in Beijing and Tianjin have come to the door. I sat there for a while, and I met SOHO, Longfor and Sunac."
"Sunac? Sun Hongbing is here again? Sunac should not be short of money now."
"Sunac is not short of money, but real estate companies are always short of money."
Jiang Xiaoyang nodded slightly.
"Let's not talk about this anymore. Let Old Sun and the others decide for themselves. ... By the way, has the donation amount for the second half of this year been determined?"
"It has been determined. The 'Xu Hanhua Charity Fund' donated 80 million to rural primary and secondary schools in the southwest region for poverty relief.
80 million donated to rural primary and secondary schools across the country, all for the purchase of sports equipment.
Donated 150 million to the 'National Anti-Japanese War Veterans Charity Foundation'.
Donated 200 million to Beijing, Shanghai, and Qilu Women and Children's Hospitals for the treatment of serious diseases of infants and young children from poor families."
Under his leadership, the Xu family has charitable foundations in branches around the world.
Nearly 1 billion US dollars are donated each year.
The most is spent in China.
Although most of it is for tax reduction, it has indeed earned a lot of reputation and expanded its network of contacts in the political and business circles.
"Increase the money for the treatment of serious diseases of infants and young children from poor families to 300 million, and leave the rest as it is." Xu Liang said.
Children are the future of the country and the most important place to spend money.
Jiang Xiaoyang nodded and agreed.
Hanhua's global total revenue last year was as high as 132.7 billion US dollars. This year, the Pacific II Fund will be unblocked, and the money earned from the gold war with Soros in 2005 will also be pocketed.
In addition to the income of Hanhua's major departments.
Hanhua's income this year will definitely exceed 150 billion US dollars.
Although after tax deduction, plus the share of major GPs, the net profit that actually falls into the hands is only about 26%.
It is also a huge sum of hundreds of billions of US dollars.
As for next year, the fund that shorts subprime bonds will be unblocked, and then it will be another huge income.
Therefore, the little money donated is nothing at all.
What really makes her distressed is the money donated to the "Xu Family Charity Foundation".
This fund registered in the United States.
It swallowed up Hanhua's gross profit in the United States last year and this year.
This is a huge sum of nearly 90 billion US dollars.
Although it still needs to be earned back slowly by investing in BOE and SMIC.
But it no longer belongs to Hanhua.
Of course, Xu Liang promised that the two companies will still be acquired and managed by Hanhua in the future, and they will come back anyway.
Playing with the delicate hands of a beautiful woman.
Xu Liang: "Hanhua's current business is a bit too diverse.
Securities, funds, insurance, private equity, asset management, etc., the advantages are not outstanding, and the management is a bit bloated."
Jiang Xiaoyang was stunned for a moment. He didn't expect him to bring up this topic.
"What are your plans?"
"Follow Citigroup."
As the CEO of Hanhua, Jiang Xiaoyang is very familiar with Citigroup.
As a world-leading financial services company, Citigroup serves about 200 million customers in more than 100 countries around the world.
Including individuals, institutions, enterprises and government departments, it provides a wide range of financial products and services from consumer banking services and credit, corporate and investment banking services, as well as brokerage, insurance and asset management, etc.
The main sub-brands gathered under Citigroup include Citibank, Travelers Life and Pension Insurance, Smith Barney, Citi Financial, Banco do Brasil and Primerica.
In the ranking of various indicators of the world's top 1,000 banks in 2006 by the British magazine "The Banker", Citigroup ranked first with 59 billion in tier-one capital, about 1,097 billion in total assets and about 15.28 billion in profits, and its profit level accounted for 6.1% of the total profit of 252.4 billion US dollars of the 1,000 major banks.
After thinking for a while,
"Do you want Hanhua Group to expand its business by acquiring well-known companies in the industry?"
"My wife is smart and understands it at once."
As he said this, Xu Liang put his right hand under the hem of his wife's clothes.
He felt satisfied instantly.
Jiang Xiaoyang trembled, and quickly pressed down the big hand in front of him, and gave the stinky man a fierce look.
"Let's talk about business, be honest."
"Haha, you can't blame me. Any man in the world who hugs a beautiful woman like you can't be indifferent."
"That's all in my mind. Didn't I feed you last night?"
"It was okay at the beginning, but it couldn't stand it after three or four days."
Jiang Xiaoyang wanted to persuade him to be more restrained, but when he thought about how this bastard had found so many women, his body not only didn't collapse over the years, but became stronger and stronger.
He was too lazy to persuade him anymore.
"Let's talk business."
"Okay, let's talk business.
Taking advantage of this subprime mortgage crisis, Hanhua will complete three large-scale mergers and acquisitions.
First, increase the holding of Standard Chartered Bank, control at least 67% of the shares, and get absolute control.
Second, acquire AIA."
Jiang Xiaoyang couldn't help but be surprised: "AIA under AIG?"
"In addition to AIG, how many AIAs are there in the world?" Xu Liang laughed.
"AIG is the world's largest multinational insurance and financial group, with a market value of nearly 200 billion US dollars. AIA is the pillar of its insurance industry in Asia. Do you think it will be sold?"
It's no wonder that Jiang Xiaoyang doesn't believe it. Anyone who really understands AIG will doubt it.
AIG, the big brother of the global insurance industry, is a real super financial group.
This company was founded in the Beiyang government era in the turbulent times. The boss "Starr" wandered to the East because of a blackmail case, hunted elephants in Vietnam, worked as a reporter for the foreign newspaper in Shanghai, and pretended to be a ghost in the church to make a living.
When he was selling insurance at Meifeng Bank, he discovered the secret of how insurance can make money, so he founded AIA in Shanghai in 1919.
In 1949, the People's Republic of China was founded.
In the turbulent times, Starr was afraid that the People's Republic of China would liquidate him, so he returned to the United States with a huge amount of insurance funds in a panic and moved AIA to New York.
Read the error-free version! 6=9+Shu_bar published this novel for the first time.
This guy has mediocre business talent, and AIG is not a big company.
But a genius came from heaven.
In 1968, Morris Greenberg, a legendary figure in the American business world, took over AIG.
This American veteran who experienced the Normandy Landing not only inherited the pioneering spirit of his predecessors, but also brought his arbitrary and bold management style to the extreme.
Driven by the belief that "innovation can be done", Greenberg led AIG to continuously launch new insurance business.
And jumped out of the insurance field, expanded the business scope to financial services, retirement savings and asset management through acquisitions, and established large-scale branches in various fields.
Under his leadership, AIG's market value has soared from $300 million to $250 billion in nearly 40 years.
At its peak, the company's annual net profit was as high as $14 billion, and its total assets were close to $1 trillion, ranking among the top ten in the Fortune Global 500 list.
AIG has become a veritable "insurance empire".
If AIG had not been involved in a series of fraud investigations jointly launched by the US Department of Justice, the Securities and Exchange Commission, and the New York State Attorney General in the mid-2000s, which led to Greenberg being kicked out of AIG in 2005.
The market value of this insurance empire would be even higher.
Now it is unbelievable that Xu Liang wants to take the crown jewel from this insurance empire.
Xu Liang smiled and said, "It sounds difficult, but it's actually very easy."
Facing Jiang Xiaoyang's inquiring eyes.
"Do you know how much AIG has invested in CDS policies?
A full $134.9 billion.
From what I have investigated, there are nearly $60 billion in policies in the real estate industry.
That is to say, once the US subprime crisis breaks out, AIG will have to provide compensation for these policies.
No matter how big AIG is, it can't afford such a huge loss."
Jiang Xiaoyang frowned slightly, "AIG has assets of over a trillion dollars, but it can't afford a compensation of $60 billion?"
"Of course. The money from the 74 million policies in AIG's hands is not misappropriated at will."
The money insured by the insurer is protected by law, and insurance companies cannot use it privately, otherwise it is illegal.
"And once the subprime crisis breaks out, it will not only affect the real estate industry. AIG will not only lose this 60 billion US dollars."
After listening to the explanation, Jiang Xiaoyang's eyes gradually became hot.
It would be great if AIA could be acquired.
AIA covers 18 markets in the Asia-Pacific region, almost covering most of Asia including China, Japan, South Korea, and Australia.
It also holds a 49% stake in the Indian joint venture with the Tata Group.
In addition, AIA holds a 24.99% stake in China Post Life Insurance Co., Ltd.
In terms of business, AIA provides a series of products and services, covering life insurance, accident and medical insurance and savings plans to meet the needs of individual customers in long-term savings and protection.
It also provides employee benefits, credit insurance and retirement protection services to corporate customers.
It has 42 million individual policies and 18 million group policies.
AIA alone ranks 388th in the Fortune 500 and is the 20th largest insurance company in the world.
Its strength is ten times that of Hanhua Life Insurance.
Since taking over Delong Life Insurance Company, Hanhua has developed for nearly three years and invested billions.
There are only more than 4 million policies in the country.
With Hanhua's strong investment ability, it has attracted a lot of group policies, but there are only more than 300,000.
It is completely incomparable with AIA.
If the two sides merge.
Hanhua's insurance business will reach the top in one step and become a top insurance group at the global level.
This temptation is too great.
"What is the hope of success?"
"At least 80%."
Xu Liang smiled.
"So high?"
"Hongyan and Hanhua have insured more than 50 billion US dollars in AIG. Unless he is willing to pay us money, he will sell the company to us."
Of course, things are not as simple as they say.
There are also complex exchanges of interests and extreme pulls in the middle.
For this matter, Xu Liang has been planning for many years.
Including the establishment of the S fund "Phoenix", going to New York specifically to win over those blue-blooded aristocrats is all for this matter.
Jiang Xiaoyang nodded.
She also knew that Xu Liang had been actively expanding his network in the United States in recent years.
As he said, the hope of success is very high.
After all, AIA's business is mainly located in Asia, not the United States.
"If we can really acquire 'AIA', it would be great." Jiang Xiaoyang said sincerely.
"Don't be happy yet. This time we are not only acquiring 'AIA', but also expanding Hanhua's global investment banking business."
Hanhua's current investment banking business has expanded from China, Taiwan, Hong Kong, and Taiwan to Japan, South Korea, and Southeast Asia.
Because of its weak foundation and a large number of high-quality unlisted companies in its hands, it has developed rapidly in the past two years.
But compared with those old investment banks, it is still far behind.
In the first half of this year, Hanhua's contribution to total revenue was less than 5%.
"Do you have a goal?" Jiang Xiaoyang asked curiously.
Xu Liang twisted the freshly peeled chicken head meat several times.
Jiang Xiaoyang quickly held his hand.
"Hurry up and tell me."
"Say yes, the four of you will accompany me tonight?"
Jiang Xiaoyang said unhappily: "As long as you are not afraid of being exhausted to death."
"Hehe, who will be exhausted to death by then? ... Okay, I won't tease you anymore."
After a little seriousness, Xu Liang said.
"What do you think of Lehman Brothers?"
Jiang Xiaoyang stared at him.
"Are you serious?"
"Do I look like I'm joking?"
Lehman Brothers, the fourth of the five largest investment banks on Wall Street, has business all over the world and total assets of more than 600 billion US dollars.
It is an absolute pillar enterprise of the US financial sector.
Even if Lehman Brothers' shareholders want to sell, the US Department of Commerce will not agree.
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