My Age of Investment

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"Pengcheng Development Bank is my country's first Chinese joint-stock commercial bank with foreign capital as the largest shareholder. It introduced investment from TPG Texas Pacific Group in 2004. Currently, TPG holds 16.76% of the shares, ranking as the largest shareholder."

Chen Hong looked at Xia Jingxing and said: "TPG wants to dispose of all these shares. The seller's consultant CICC has been talking to Ping An and the buyer's consultant Goldman Sachs Gaohua for more than a year, but they have not facilitated this transaction.

TPG and CICC came to us and wanted to see if we could offer a price that satisfied them. "

Xia Jingxing silently thought in his heart, TPG, also known as Xinqiao Investment, is also a well-known alternative asset management company, and its asset management scale is not much worse than that of Vision Capital.

"Can we only buy the shares held by Xinqiao Investment? Can't we privatize and delist Pengcheng Development Bank?"

Chen Hong shook his head, "No, the regulators will not approve it. Now, in addition to Minsheng Bank, only rural banks, rural commercial banks, and city commercial banks have relaxed the shareholding ratio of private enterprises.

At most, we can let Pengcheng Development Bank issue some more shares to maintain 29.99% of the shares and secure its position as the largest shareholder.

The largest shareholder is actually quite good and can influence many decisions of the bank.

As a national bank, Pengcheng Development Bank launched a special supply chain finance business this year, which is what I value most.

Although Fuxing Industrial does not require financing, most of the supply chain companies we cooperate with are relatively small and seriously lack financing channels.

If we can find a financing channel for these private small businesses and startups in addition to equity investment, we can accelerate their growth.

It is also good for us that China's mobile phone industry chain, semiconductor industry chain, automobile industry chain, photovoltaic and battery industry chain grow as soon as possible.

Moreover, we will first plant a nail in Pengcheng Development Bank, and when the policy is liberalized, we can take over all of this bank. "

Xia Jingxing remembered that Pengcheng Development Bank was eventually acquired by Ping An and became an important part of Ping An Bank.

Ping An Bank was not large in scale at this time. Even if it annexed Pengcheng Commercial Bank, its business scope was limited to Guangdong Province.

Although Pengcheng Development Bank has the word "Pengcheng" in its name, it is actually a national banking license and has established approximately 20 banks in more than 20 economically developed first- and second-tier cities such as Beijing, Shanghai, Yangcheng, Pengcheng and Lin'an. 300 branches.

It can be said that most of Fuxing Industrial’s suppliers, invested companies, factories and offices are within the business coverage of Pengcheng Development Bank, and the two parties are highly matched.

As for whether robbing Pengcheng Development Bank will affect the development of Ping An Bank, it is not something he should consider.

Currently, Ping An's largest shareholder is HSBC, with a shareholding ratio of nearly 20%. In the future, the largest shareholder will become CP again.

It's just that the management has always been Chinese, which makes people ignore the nature of its business and often mistakenly think it is a government-owned enterprise.

"Talk to them and make sure to capture Pengcheng Development Bank before Ping An."

Xia Jingxing quickly made a decision. After all, he was not short of money now, he just lacked the tools to realize his ideals.

Spending money to buy tools and save development time is also a business strategy.

Chen Hong's face was full of smiles. He knew that Xia Jingxing would not miss this opportunity to get involved in a major domestic bank.

At present, the Renaissance Industrial Fund is constantly taking over the shares of major banks such as China Construction Bank, China Construction Bank, China Construction Engineering Corporation, and China Merchants Bank that have been sold off by foreign investors. However, the shareholding ratio is very low, and it is impossible to interfere with the business strategies of these major banks. It is only a financial investor to help solve the problem. It’s just selling pressure from foreign capital.

"Okay, I'll go to Pengcheng tomorrow."

Xia Jingxing nodded and said no more.

…………

…………

The next day.

Still in the rooftop garden of the AIA Building, Xia Jingxing invited Wang Wei, CEO of Tudou, to come over for a chat, and Zhang Yong was also accompanying him.

Wang Wei was wearing an unchanging white shirt on the upper body and jeans on the lower body. The dress was very simple, and the true nature of the artistic young man was clearly visible.

He crossed his legs and looked around: "Mr. Xia, the scenery here is really good, it is very suitable for opening a cafe.

On a sunny afternoon, sit here, order a cup of coffee, read a book, and enjoy the beautiful scenery along the river when your eyes are tired. "

Xia Jingxing laughed loudly, "This is a good idea, it will definitely be another holy place for afternoon tea."

Wang Wei didn't quite understand Xia Jingxing's words, but it didn't stop him from laughing too.

Grain tired

Zhang Yong looked at the two people silently.

He came to Magic City two days ago and went straight to see Wang Wei.

However, as Xia Jingxing expected, after some contact, the situation was not ideal.

Wang Wei insists on going public independently and wants to be China’s YouTube or Netflix.

This left him completely at a loss, which is why Xia Jingxing personally took action today.

However, the two of them never got to the point and talked about more literary and artistic topics.

Xia Jingxing pointed to the endlessly flowing Huangpu River downstairs and said: "This river has witnessed all the prosperity since the founding of the magic city of Fu, and has produced countless heroes.

I wonder if Xu Wenqiang was like us, drinking coffee while overlooking the Huangpu River. "

Wang Wei chuckled, "Mr. Xia, Xu Wenqiang is a fictional character in the movie, but it is possible that Du Yuesheng drank coffee here.

At that time, this building belonged to Zilin Xibao, and the entire surrounding Bund belonged to the British Concession. "

Xia Jingxing smiled and said: "Okay, let's take Du Yuesheng, he is also a powerful leader of the society, but his reputation is always blown away by the rain and the wind, and the Emperor of the Magic City also disappeared in the long river of history."

Wang Wei didn't know what Xia Jingxing meant by this sentence. It seemed to be pointing to something?

He had no choice but to say: "He is also a brilliant person and has left his name in history."

Xia Jingxing nodded, no longer nostalgic about the past, but talked about the present.

"What do you think of the current development of China's Internet?"

Wang Wei glanced at Xia Jingxing and smiled: "The development is very good!

It can be said that, apart from the United States, China has the best Internet development. "

"I mean the giants!"

Xia Jingxing looked into Wang Wei's eyes and said calmly: "The pattern of giants is gradually taking shape."

Wang Wei frowned and said: "Nowadays, the industry is gradually calling it BATH. Baidu, Ali, Penguin and Domestic Holdings are the first echelon of the Internet, and the three major portals have gradually fallen into the second echelon of the industry.

However, the more controversial ones are Penguin and Overseas Holdings! "

Having said this, Wang smiled and said, "Everyone inferred that Overseas Holdings and Penguin would definitely defeat one another to determine the final social media king.

There is basically no dispute between Baidu and Ahri, each controlling a track. "

Xia Jingxing smiled and said, "You are right, we will have a decisive battle with Penguin soon.

In fact, our current Weibo and gaming businesses have suppressed Penguin. "

Wang Wei said: "But in the main social networking business, Hainei Holdings has gradually been at a disadvantage. The number of users of QQ Space has grown rapidly, but the growth of Hainei.com has stagnated."

Xia Jingxing's eyes narrowed, and Wang Wei's words came to his heart. If Penguin is not at peace, Overseas Holdings will not be at peace.

"You have ignored Shanda, the number one Internet company in Shanghai."

Speaking of Shanda, Wang Wei said with some disdain: "Shanda no longer has the domineering Bao Juyu Nei that it had in the early years of the beginning of the century. After the failure of the box strategy, the whole company is full of stalemate.

The old business of games is also not as good as before. This year, it should give up its position as the largest online game company to domestic games. "

Xia Jingxing smiled and said: "A skinny camel is bigger than a horse. I heard that they want to acquire Ku6.com in an attempt to turn around through the video website."

Wang Wei nodded, "I've heard about it too, let them go. Now Shanda has fallen into a vicious circle of chaos. They will follow the trend and do whatever they want."

“But they didn’t follow suit and launch Weibo.”

Xia Jingxing smiled and shook his head, "Old Chen still hasn't forgotten his dream of Internet Disney after all these years."

Wang Wei didn't know what Xia Jingxing wanted to express. Thinking of Zhang Yong's visit to him a few days ago, he had some guesses in his mind, but he was not sure.

If Xia Jingxing spoke, would he resist?

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