Rebirth of the Age of Wealth

Chapter 172 The prototype of a financial group

Li Weidong said to Sister Ding who came up to help pack things: "Sister Ding, thank you for your hard work!"

It is quite hard for one person to take care of such a big house. The vegetables and fruits grown by Li Chengwen and Shen Yueying in the front and back yards have been harvested long ago, but Sister Ding did not continue to grow these for food.

Instead, a lot of flowers and plants have been transplanted. Now they are in bloom. Standing upstairs and looking down, it feels very artistic.

The trees in the yard have also been pruned and are very clean and aesthetic. Li Weidong likes them from the bottom of his heart. If most of his connections were not in Handong, he would even want to move here.

Only in such an environment can we have the words of Mencius, "To move the Qi and nourish the body, it is great to live!"

Sister Ding said with a smile: "There's nothing hard to do, I'm just looking at a house!"

Sister Ding was very happy. Being praised by her boss would definitely be better than being criticized by her boss. She had been working as a domestic helper since she was a child and had met many bosses. How could she find such a good family as Li Weidong and his wife?

After sitting all the way, he felt a little tired. Li Weidong lay on the bed, smelling the smell of sunshine, or the smell of mite corpses, and stared for a while, feeling that he heard someone calling him not long after.

Ding Yuan shouted in a low voice: "Boss Li, we are leaving!"

Li Weidong raised his hand and looked at his watch. It was already six o'clock. He had slept for an hour.

In the evening, it was said that Zou Yi was helping Li Weidong clean up the dust. In fact, it was a small gathering at Peking Capital, with several senior executives coming. After all, Li Weidong was still the host.

We don’t see each other on weekdays, but when we come to Hong Kong Island, we still need to get closer and keep communication smooth with everyone!

It is necessary to let these senior executives know that Fengxing Capital does not belong to Zou Yi. There is also Li Weidong above, and it also keeps Zou Yi alert, which is also a protection for her.

The most terrifying thing for people is not living a poor life, but being unable to control their desires and continue to live a wealthy life.

Li Weidong's car drove into the hotel gate, and from a distance he saw Zou Yi, Xu Yandeng, Jiang Zhili, Li Shihui and Fu Xiaomin standing quietly.

Seeing Li Weidong's car entering, several people walked quickly to the car. Li Weidong got out of the car and said, "Sorry, I'm late!"

Naturally, the few people couldn't take the leader's apology seriously, so they had to politely say: "No, no, we have just arrived!"

The guests and hosts were seated, and after making arrangements, Fu Xiaomin exited the room, closed the door, and went out. She was not qualified to eat inside, so she could only accompany Ding Yuan in the small room outside, and she had to listen to the leader's greetings at all times.

Zou Yixian said apologetically: "I'm really sorry. I originally planned to pick you up today, but today the Hong Kong Monetary Authority held an impromptu symposium with several financial companies! I'll punish myself with a drink!"

Li Weidong waved his hand and said: "No, work is important. It doesn't matter who picks me up. Doing a good job is the most important thing. I have to toast you all a few times. Thank you for your efforts in the past few days!"

Li Weidong proposed, and everyone responded positively, but everyone here knows that the success of the Japanese yen foreign exchange this time has little to do with them. They are the executors of Li Weidong's money and the instructions issued by Li Weidong at most.

Putting down his wine glass, Li Weidong asked: "We are at best a financial speculation company, how come we have anything to do with a financial company!"

Although Peking Capital is a company, strictly speaking it is a personal account opened by Li Weidong.

Moreover, Li Weidong's current definition of this company is very accurate, that is, it is a speculator, and he doesn't know where the venture capital he wants is.

We have just begun to look for some high-quality companies to invest in internationally, and it is estimated that there is still some way to go before investment.

Zou Yi explained: "Director Li, our company is defined as a private equity fund on Hong Kong Island. Private equity funds on Hong Kong Island are also financial institutions and are naturally under the management of the Financial Secretary and the Hong Kong Monetary Authority."

This kind of private equity fund is still a legal blank in mainland China. For example, the Hong Kong Island consortium when Li Weidong cashed out should have fallen into the category of private equity funds.

Li Weidong suddenly woke up and wondered if it was because when he first entered Hong Kong Island, the funds were actually under supervision, but he thought it was perfect.

Li Weidong asked immediately.

"The Monetary Authority is only responsible for the foreign exchange market, and generally, unless there are particularly large changes in foreign exchange, it will be noticed by the Monetary Authority. We originally relied on Morgan's account, and Morgan is the main person to be monitored!"

"This time, we opened an account on the Stock Exchange in the form of a company to trade Hang Seng stock index futures. This is different from going through an intermediary, so we are regulated!"

In this way, Li Weidong felt relieved, but his whereabouts would be exposed sooner or later. Maybe in a few years, there would be a book called "How the World's Richest Man Was Made" that could reveal everything about him.

Zou Yi continued: "Chairman Ren communicated with me privately after the meeting, hoping that we can support the work of the Hong Kong Monetary Authority. If there is a large amount of foreign exchange in and out, it needs to be reported in advance!"

When Zou Yi said this, his face was full of pride, not because he could talk to Chairman Ren, which was nothing in Hong Kong Island, but because their company had received enough attention.

This is one step closer to the purpose of Li Weidong's financial group.

Thinking about Ping An and CITIC in later generations, Li Weidong was extremely envious, but not everyone has that connection. Everyone knows how to make money by opening a bank, making money by opening an insurance company, and making money by opening an investment bank. Li Weidong only has the money, but does not have the connection.

In the end, it will probably become the cash machine of the elder brother. Unlike his small restaurant, the younger brother is taboo about the background of Hong Kong businessmen, and the elder brother looks down on it.

Li Weidong said nonchalantly: "You can just take care of these things. If I need funds, I will tell you in advance!"

Li Weidong naturally understood what Zou Yi said. The company's capital now reaches nearly one billion U.S. dollars, which is a huge amount of money everywhere. If you want to use these funds, supervision is essential.

Li Weidong suddenly mobilized hundreds of millions of dollars on a whim one day without reporting it in advance. This money may not be able to be transferred out so smoothly, especially now that the Hong Kong Monetary Authority has been established and supervision is stricter.

Li Weidong asked again: "Are you familiar with Chairman Ren of the Hong Kong Monetary Authority?"

Ren Dagang was the first chairman of the Hong Kong Monetary Authority. Zou Yi used to work at Morgan Investment Bank, so he would definitely come into contact with such people. It is hard to say whether he will reach that level.

Zou Yi said doubtfully: "It's not bad. I had contact with him before when I was at Morgan!"

Zou Yi didn't know what Li Weidong meant. She knew Li Weidong well and definitely didn't want to contact such an official. She would keep a low profile if she could.

“Is it possible to apply to register with a bank?”

Li Weidong's future financial group is definitely indispensable for the banking sector, but it has not yet been liberalized in China. The private enterprise regulations clearly state: "Private enterprises are not allowed to engage in the production and operation of the military industry or the financial industry."

If we can find another way on Hong Kong Island and cooperate with mainland banks, it may be a way.

Zou Yi didn't speak, and Li Shihui said: "Chairman, I'm afraid there's not much hope. From the banking crisis in the 1980s to now, no new bank has been approved to be established!"

Li Shihui continued: "The purpose of the Hong Kong Monetary Authority is to reduce the number of existing financial licenses as much as possible, but it can acquire a bank with a financial license."

He used to be a senior information analyst. To put it bluntly, he was engaged in financial intelligence. He was relatively familiar with these situations.

"Tell me about it!" Li Weidong was obviously interested.

Acquisition saves time and effort, and although it requires receiving the bank's original owners' equity and liabilities, it is still a more appropriate method.

(End of chapter)