Rebirth of the Age of Wealth

Chapter 375 What impact does the earthquake have on finance?

Li Shihui knew that Li Weidong would ask this question, but he still paused before speaking.

"I heard from them that someone proposed at the meeting that foreign shares should not exceed 33%!"

This is in accordance with the company law, which means that foreign investors cannot have veto power!

Of course, this statement can also be seen as saying that domestic shareholders can have the right to decide on major events such as the company's articles of association.

This is just a cover-up. For Minsheng Bank, no matter how the shares are calculated, Li Weidong is of course the major shareholder and has actual control.

"It's nothing, it's acceptable!" Li Weidong said nonchalantly. If the superiors wanted this statement, he had to give it, and the matter would not be transferred by his will.

What he was most worried about was that it would be like the way Minsheng Bank was operated in the previous life, with a private-owned, state-owned, and party-managed mechanism. That is, you are just an investor, but you have no management rights or the right to appoint management.

This system fundamentally ensures political correctness, but it imposes so many constraints on actual operations that there was basically no development in the first few years of its establishment.

The chairman cannot represent the rights and interests of shareholders, and even the Federation of Industry and Commerce, which does not hold shares, has 30% of the voting rights. Therefore, for a considerable period of time, Minsheng Bank's financial viability is barely adequate.

Later, due to the listing, it was necessary to have the same shares with the same rights, and Minsheng Bank started a dispute over the equity, and war broke out.

"Any more questions?" Li Weidong looked at Li Shihui with twinkling eyes, as if he had something to say.

"There is one more thing, but I'm not sure whether it's true or not. I don't know whether I should tell it or not?"

"Hesitantly, just say it if you have something to say!" Although Li Weidong said with a smile, he was somewhat unhappy in his heart. He was quite disgusted with this hesitant situation.

If you have something to say, just say it. If you don't tell others about certain situations, how will others know whether to tell them or not? If you don't tell them, wouldn't some important things be delayed?

"I heard from an acquaintance of the division chief that there are rumors from the People's Bank of China that they want to recommend a provincial branch president to take up the position!"

Li Shihui didn't dare to make random guesses. He didn't know much about the mainland's system, but he also knew what it meant. If this branch president came to serve, the nature of Minsheng Bank would seem to be redefined. Who would this president listen to?

Li Weidong lit a cigarette and took a puff. This matter was really difficult to handle. Everyone knew who the current governor of the central bank was. Li Weidong did not dare to refuse the person he recommended.

"Is this news accurate?" Li Weidong asked in a deep voice. It has been groundless since ancient times. At least within the People's Bank of China, a leader of considerable status has said such things.

"I can't tell, he just said that!" Li Shihui wasn't sure. That was the reason why he hesitated just now, and then asked, "Should I go find someone to ask?"

Li Weidong thought about this matter. If the People's Bank of China really recommends it, he does not need to consider it and cannot refuse it. Of course, this is not a bad thing.

The People's Bank of China has just undergone reform and has been clearly defined as the central bank. From now on, it will be the manager of major banks. Even if you are a private bank, you must be under his control.

If you still have opinions and are not happy with recommending someone to you, then you probably don’t want to do it anymore!

Li Weidong pondered for a moment, shook his head and said, "This is not a bad thing. If you ask about it, you will get the worse results. It seems that we have something shameful to do. If you recommend talents to us, we will naturally welcome them!"

Li Weidong glanced at Li Shihui and continued, "Since there are rumors about this matter, it is not groundless. Since this is the case, why not take the initiative and ask them to help recommend some experts!"

In the previous life of Minsheng Bank, all senior executives were recommended by the China Banking Regulatory Commission, the People's Bank of China, or the Federation of Industry and Commerce. The major shareholder could only be the vice chairman.

Even so, China Minsheng Bank is still a target in the eyes of many capital tycoons. They frequently raise their cards, engage in various mergers and acquisitions, and even try their best to take a bite.

One or two people will not affect the overall situation. If they are not suitable, they will be left idle. Moreover, a leader who is familiar with domestic banking business is also beneficial to the development of the bank.

"Then I will rush to the capital in the next few days to visit a few leaders to see if our approval document has been issued, and then mention this matter by the way?" Li Shihui said tentatively.

"Okay, pay attention to your attitude when the time comes and be more sincere!" Li Weidong thought for a while and said.

Li Shihui secretly rejoiced, but continued, "Chairman, our funds have been prepared, the approval documents have been issued, and we are ready to start business at any time!"

Li Shihui looked at Li Weidong with a questioning look.

Li Weidong appointed him to be responsible for the preparation of the domestic Minsheng Bank, but whether he can be the person in charge of the newly formed Minsheng Bank has to be determined by Li Weidong.

Especially since Li Weidong expressed his welcome attitude towards the rumors about the People's Bank of China, there are even more variables. Moreover, if the president of a provincial branch comes to work here, his position will definitely not be low.

The head office of China Minsheng Bank is planned to be located in Shanghai, the future financial center. In order to show his sincerity, Li Weidong is planning to acquire a piece of land in the east of Shanghai and build an office building.

In the early stages of raising funds for Minsheng Bank, Jingwei Investment was very active in investing in many companies in the mainland, and initially raised more than RMB 5 billion.

However, according to Li Weidong's estimation, how much money these companies can ultimately put out has to be said separately. It is estimated that it is just to give face to Zheng Sijing, an investor, and to increase the number of people.

If so many companies are really involved in the preparations for the establishment, the shareholders of Minsheng Bank will be very busy. Large and small, it is estimated that there will be hundreds of shareholders before it is listed.

However, although there are many shareholders, the equity is not too dispersed. Most of them belong to Li Weidong, and with so many shareholders, Li Weidong is not so conspicuous.

Li Weidong is also happy to see the results!

He doesn't care how much capital you subscribe, as long as you pay it, it counts. Anyway, he will make up for it if it's not enough. He wants to ensure his absolute majority shareholder status.

Li Weidong is more interested in holding shares!

Although Minsheng Bank is still in the preparation stage, it has already begun to recruit middle and senior management personnel. However, the recruitment progress is good, and there are many interested people.

So Li Shihui dared to ask Li Weidong for advice, and his initial work was not bad.

"Well, you can start making preparations, but you must be cautious, especially middle-level managers who must be strictly assessed to ensure that they are better than indispensable!" Li Weidong said seriously.

No matter how many people sign up for the money in the end, Li Weidong can guarantee that the bank's registered capital will not be low. With such a large amount of money, it would be a joke if someone came up with a few "flying orders".

"Please rest assured that we will strictly review all the personnel to be hired!" Li Shihui responded seriously. Li Weidong's previous and following sentences meant that he should be responsible for this matter. He was naturally happy and motivated.

"That's good. Our bank is small and can't do big business. Let's forget about state-owned enterprises. I think others will look down on us. We mainly cater to small private enterprises!"

"Of course, these small private enterprises also need to be classified. Don't pick up vegetables in the basket. Don't pick up landmines. There are also shareholder loans. You must pay attention to this!"

"Don't think that just because you are a shareholder, you can lend money at will. You must review what needs to be reviewed, and the guarantees and mortgages must be rigorous!"

Li Weidong does not dare to reach out to current state-owned enterprises. The triangular debt is very serious, and most of the current state-owned enterprises are not very good. They have operational difficulties and a high probability of bad debts.

"Chairman, don't worry, we will strictly review it when the time comes!" Li Shihui felt even happier, but the expression on his face became more serious.

Li Weidong asked him like this, which means that he must be the person in charge, otherwise he would not have told him this.

Li Weidong thought for a while and then said, "There are also individual customers. Some young people who dare to start their own businesses can also be given appropriate credit lines. You can control this flexibly!"

"As for attracting savings, it's up to you. But let me tell you a way. Most domestic companies now pay wages in cash. You can cooperate with the company to pay wages on your behalf. This will not only attract customers, but also have

Savings!”

"This is a good idea. Our employees' wages in the mainland can be paid by Minsheng Bank, but this requires a large number of branches!" Zheng Sijing praised from the side.

To a certain extent, Zheng Sijing represents hundreds of small shareholders. If these small shareholders come together to elect a representative, it must be Zheng Sijing.

Li Shihui said with a smile, "Thank you Mr. Zheng for your support. With your support, we don't have to worry about not being able to do big things. And don't worry, we will open branches wherever there is need!"

Li Shihui said it very grandly, but there is still a gap between this and Li Weidong's request. Li Weidong requested that it should cover major cities in the country within three years and cover the whole country by the 21st century!

Of course, it is certainly unrealistic for a bank to grow big by relying on hundreds of companies. If there are hundreds of companies supporting them at the beginning, it is equivalent to giving timely help.

Several people were chatting animatedly, and Zou Yi was sitting with the female family members on Liu Jinhui's side, also chatting, but he looked over here from time to time, feeling a little curious.

Since the establishment of the American branch, although she has nominally controlled more assets, and the development in the United States is good, at least Li Weidong praises her more.

But the work in her hands was much less. Sometimes she suspected that Li Weidong had the intention of killing the donkey, but when she thought about it carefully, it was wrong, she didn't seem to be even a donkey!

Fortunately, she is still the general manager of Peking Capital, and she controls the most assets under Li Weidong's name.

And there is also good news from Nokia, which has begun to make profits. In the foreseeable future, these profits will continue to flow into the company's account.

A group of people were chatting and drinking tea. It wasn't until Shen Yueying came to call for dinner that they stopped chatting and went to the restaurant to eat!

After lunch, a few people met to leave. It was an attitude to come, and it was another attitude for Li Weidong to leave the meal. He had to leave after eating, otherwise he would be annoying.

After seeing off a few people, Li Weidong wanted to go upstairs to sleep. He drank some wine at noon and was a little sleepy, but Li Qian pestered him and asked him to stay high.

Li Weidong has always been happy to play this kind of game that increases the relationship between father and son. Now he still has this opportunity. In a few years, when the children grow up, they will have their own ideas.

The two of them played wildly for a while and broke out in a sweat. Li Weidong's drunkenness had dissipated and he was completely sleepless. A nondescript Christmas passed.

A few days later, Li Weidong saw a piece of news in a corner of the newspaper. An earthquake measuring 7.5 on the Richter scale had occurred in Hachinohe, a "friendly" neighbor just a mile away.

Li Weidong also muttered, "It is indeed the most earthquake-resistant country in the world. A 7.5-magnitude earthquake is as good as nothing!"

Saying this, Li Weidong suddenly felt something was wrong. He remembered that during this period, Japan's Kobe experienced an earthquake that ranked among the top ten in the twentieth century.

The impact was huge. The number of casualties was not a record, but the direct losses were a record. Kobe is Japan's second-largest city in terms of economy. The impact of the Kobe earthquake is evident!

If it were other countries, Li Weidong, who was once an angry youth, might not be able to remember it, but his memory of such things that happened in this "friendly neighbor" is quite profound.

And there is a feeling of revenge. Although this feeling is a bit inhumane, at certain times, it can really comfort me.

Li Weidong put down the newspaper, looked at Li Rui who was lying on the bed next to him, playing with his fingers, and fell into deep thought.

Could it be that he not only affects his family, but also affects natural disasters? This is amazing!

The address has changed, the depth of the earthquake's focal point has greatly increased, and when it reaches the surface, there is almost no feeling, and the degree of damage is quite small, otherwise it would not be reported in this form of communication.

Li Weidong, who was thinking, was suddenly interrupted by a phone ringing. Li Weidong picked up the phone and said, "Hello!"

"Chairman, it's me, Li Shihui. I'm in Beijing and I've received the approval!" Li Shihui said excitedly.

"Very good, what's going on?" Li Weidong was also very happy and couldn't help but ask.

"No, everything is pretty much what we expected. I'm in President Dai's office now!" Li Shihui said suddenly.

"Let me speak to President Dai!" Li Weidong suddenly understood the meaning of Li Shihui's call.

"Hello, Comrade Weidong!" The voice on the other side was full of authority and authority.

"Hello, hello, President Dai!" Li Weidong wants to apply for a banking license, so he is naturally familiar with the head of the People's Bank of China. Although he is the vice president, he is the person who is really in charge.

"You don't have to be so polite. Although we have never met, I don't know how many times I have heard your name!" Dai Xianglin said with a smile.

"I'm really sorry for causing you trouble!" Li Weidong knew that this was his company's application to register as a bank, and they had helped.

"There's no need to be so polite, we all act according to the rules!" Dai Xianglin said with a smile, not taking any credit or taking credit.

Li Weidong curled his lips. If everything could be done according to the rules, things would be easier to handle, but he still spoke politely.

"I still have to thank you, and we also have a grudge and want to trouble you!"

"If you have anything to say, just say it. We will be considered a family from now on, so there is no need to be so polite!"

"That's it, President Dai, you see our bank has just approved, everything is a scratch start-up and we are in urgent need of talents. Can you recommend some senior talents to us?"

Li Weidong finally brought it up. He didn't want to deal with these people, but Li Shihui's phone call in Dai Xianglin's office naturally had an unusual meaning.

In the end, Li Weidong hung up the phone politely and thanked the person repeatedly, but the person was very reserved and implicitly said that he would give it a try to see if he wanted to go.

Li Weidong hung up the phone and sat on the chair without moving, continuing to think about the problem just now.

"What are you thinking? It's been a long time and you haven't cared about your daughter peeing?" Li Weidong was thinking when he was suddenly patted and heard Liu Jinhui muttering.

"I was wondering, if there was an earthquake in Japan, what impact would it have on their financial market?" Li Weidong said casually, and suddenly realized something was wrong.

Li Weidong quickly took out the newspaper and said, "You looked at the newspaper and said, there was a 7.5-magnitude earthquake in Japan!"

(End of chapter)