My Age of Investment

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Wu Jianmin did not rush to answer Xia Jingxing's question, but talked about an industry news.

"I heard that HSBC is planning to sell nearly 200 retail branches in the United States, which accounts for nearly half of the branches they have opened in the United States."

Wu Jianmin looked at Xia Jingxing with a smile. He believed that the new boss would be interested in this news.

as expected!

Xia Jingxing asked with great interest: "Do you want to acquire these branches to supplement East West Bank's branch network?"

"Yes, the acquisition is not just a branch or a business outlet, but more importantly, it is to absorb new customers. We can take this opportunity to expand our customer base to other ethnic groups."

Wu Jianmin spread his hands, "The current population of Chinese Americans in the United States is only over 3.6 million, accounting for only 1.2% of the total population of the United States.

If we only did Chinese business, our current volume would be close to the ceiling.

If you want to scale up, you must break through some limitations. "

Xia Jingxing smiled and said: "I have not set any restrictions for East West Bank. You can completely expand the service group. As long as you can master it well, nothing will be a problem."

Wu Jianmin seemed to have guessed that Xia Jingxing would not object, and smiled and said: "HSBC suffered heavy losses during the financial crisis. If we acquire them at this time, they will not refuse, and they can also acquire nearly 200 banks at a cheap price. branch.”

"I know that Envision Capital is currently negotiating with HSBC about the sale of its London headquarters building."

Wu Jianmin looked surprised and looked at Xia Jingxing with wide eyes, "Are they even planning to sell their London headquarters?"

"Yes, I was forced to become anxious, and I am trying to liquidate my assets at all costs.

However, since they signed a long-term lease agreement with the previous acquirer, selling the headquarters building will not have much impact on them. "

Xia Jingxing acted very happy. He used the profits from short selling HSBC to acquire HSBC's headquarters, and then collected HSBC's rent every year. How could he not be happy?

The only regret is that the British Financial Supervisory Authority may not agree to the acquisition of a large bank like HSBC.

Therefore, he can only lower his standards, otherwise he will really have the idea of ​​​​acquiring HSBC.

"It seems that HSBC is really at the end of its rope and is in a hurry to sell and sell to get cash back."

Wu Jianmin murmured to himself. He thought of many things at once, and he became more determined in his idea of ​​acquiring the US branch of HSBC.

"Go and get in touch with people from HSBC. If the price is right, buy it."

Xia Jingxing paused and then said: "Hong Kong and Southeast Asia can also look for opportunities to acquire one or two banks, gain a stronghold first, and then find ways to make it bigger and stronger.

In the Chinese market, foreign investment supervision is too strict.

I'm thinking about turning East West Bank into a domestic bank. "

"Domestic bank?"

Wu Jianmin became interested and asked, "How did it change?"

Chen Hong smiled and added, "He is talking about setting up a separate bank in mainland China, like Minsheng Bank.

If this is done, the new bank will not have much relationship with Envision Financial Holdings and East West Bank, and the VIE structure will not work. "

Xia Jingxing nodded slightly, agreeing with Chen Hong's statement.

The VIE structure is generally used by Chinese technology companies to list overseas. The country turns a blind eye to this and does not judge these companies as foreign capital.

Financial companies are subject to different regulations and will certainly not be able to get by.

There is only one solution, to establish or acquire a bank in the name of a domestic enterprise.

Currently, there is only one private bank in China, Minsheng Bank, which was jointly founded by dozens of private entrepreneurs and is the product of a special period.

The real liberalization of the pilot program for private banks will have to wait until 2014. Both MYbank and WeBank obtained banking licenses during that period.

Now, it may be difficult to break the policy gap.

Thinking of this, Xia Jingxing also gave up the idea of ​​establishing a private bank and changed his mind: "Forget it, let's open branches in a few big cities in China first and operate them as foreign banks."

Wu Jianmin didn't know why Xia Jingxing changed his mind again, but he didn't ask further questions and just nodded in agreement.

After the meeting, Wu Jianmin saw that Xia Jingxing and Chen Hong seemed to have something to discuss, so he left with an excuse.

Chen Hong stretched, then leaned on the chair and said, "Finally, you are done with your work. There is nothing else to do next, right?"

Xia Jingxing understood what Chen Hong meant. He wanted to leave, so he persuaded him, "What are you doing? There are still many things to do next.

East West Bank also needs to upgrade to a Chinese bank and is looking to acquire banking assets around the world.

Tanida

In addition, Envision Financial Holdings is only a prototype now and needs to build mutual funds, wealth management and other businesses.

Oh, by the way, help me find a securities company in China. Envision Financial Holdings needs to obtain a securities dealer license. "

Chen Hong asked: "In the name of domestic investment?"

Xia Jingxing became depressed again. Just like the banking industry, foreign investors cannot control securities firms.

Goldman Sachs and Morgan Stanley both entered China through joint ventures. The shareholding limit was only one-third at first, and was later raised to 49%. In short, they could not control the shares.

To break this situation, the financial industry needs to be further opened.

But Xia Jingxing estimated that he would have to wait until at least ten years later.

"Oh, I have a headache! I actually became a foreign investor." Xia Jingxing patted his forehead with a worried look on his face.

Chen Hong thought for a few seconds and replied: "Perhaps you can set up a company in China, and this company will control domestic banks and securities companies, and Envision Financial Holdings will take shares.

We will wait for further reform and opening up of the financial industry in the future before making adjustments. "

Xia Jingxing nodded and said, "That's all we can do for the time being."

"Why are you acquiring a domestic securities firm?" Chen Hong didn't understand Xia Jingxing's behavior.

“Envision Capital plans to raise RMB VC funds, and Fuxing Industrial also has a RMB 100 billion fund, and most of the companies it invests in will be listed domestically.

When acquiring a securities firm, the first to get the money is the one who is closest to the property! "

Xia Jingxing looked at Chen Hong with a smile. In fact, he only said half of what he said. Another reason for acquiring the securities firm was to conduct industrial layout in advance and prepare for the arrival of the Internet financial era.

Chen Hong said "Oh" and thought of a lot in an instant.

Fuxing Industrial's 100 billion fund will invest in at least hundreds of chip companies.

As an important national industry, chip companies may have relevant policies to promote A-share listings in the future, because if they are listed overseas, fundraising may be suddenly blocked like technology.

"No problem. I'll keep an eye on it for you when I get back to China. It's been so long since I've been out. It's time to go back and take a look."

Xia Jingxing smiled and said, "Brother, you have worked hard for the past six months. You have been busy with Envision Financial Holdings."

Chen Hong waved his hand, "Don't say anything else. I am also a shareholder after all. I contribute to my own company, so it's not hard work."

Xia Jingxing smiled. Chen Hong's shareholding ratio in Vision Financial Holdings was very low, less than 0.2%.

In order to obtain this share, he not only invested more than 20 million US dollars, but also got involved with himself.

For more than half a year, Chen Hong has put all the work of Hanergy Investment Group aside and devoted himself wholeheartedly to acquiring various assets and sorting out the business for Envision Financial Holdings.

If it weren't for the friendship here, how could ordinary small shareholders work so hard?

Chen Hong came to help, which indeed saved Xia Jingxing a lot of things, otherwise a lot of energy would be involved in a bunch of trivial matters.

Xia Jingxing was worried about rashly choosing a professional manager to manage Envision Financial Holdings, which had a book value of more than 30 billion US dollars.

However, it was impossible for him to keep Chen Hong to help him for a long time. After all, Hanergy Investment was the other party’s business.

Although the scale of Envision Financial Holdings is much larger than that of Hanergy Investment, in Hanergy, Chen Hong is the boss who speaks the truth.

According to Xia Jingxing's understanding of Chen Hong, the other party was definitely not willing to let go of Hanergy's investment and become the second boss of Envision Financial Holdings.

"Do you have any suitable talents to recommend to me? I definitely need someone to help me pick up the Envision Financial Holdings matter."

Chen Hong frowned, "Although Envision Financial Holdings was established relatively recently, it is actually a large multinational financial institution. It has operations in the United States and Asian markets including the Mainland, Hong Kong, and Southeast Asia, and it also spans The three financial sub-sectors are securities, banking and insurance.

To be honest, it takes a very powerful professional manager to manage such a big business, and he or she also needs to have a certain pioneering spirit, because Envision Financial Holdings is still just a crudely put together product, and many businesses still need Integrate upgrades. "

Xia Jingxing listened patiently. Chen Hong, who has been in charge of Envision Financial Holdings for so long, may have a better understanding of the specific situation and the flaws than he, the major shareholder.

"What do you think of Wu Jianmin?" Xia Jingxing suddenly asked.

Chen Hong thought for a moment, nodded and said: "I have worked with him for a while and I feel that he is a very powerful person. He does things resolutely and very efficiently."

Xia Jingxing smiled. Wu Jianmin had turned East West Bank from a small bank with only a few branches into a medium-sized bank with more than a hundred branches. Its growth relied entirely on mergers and acquisitions. If it didn't have some talent, it would probably lead to indigestion and bloating.

"I plan to examine him. If he can acquire nearly 200 HSBC branches in the United States cleanly, I will let him take charge of the entire Envision Financial Holdings Group."

Chen Hong nodded, "I have no objection. With his ability, he should be able to secure that position."

"Since you said so, let's give him a chance!"

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