Reborn Tycoon Rise

After acquiring the Bank of East Asia, Xu Zhi immediately arranged for his own team to take over all the business, and also arranged for his own people or new people to take over some important positions in the bank.

These positions were previously held by people from Australia and the Li family. In the acquisition agreement, these people will have a buffer period of three months to one year. After the new team takes over, some people will automatically leave their positions and receive certain financial compensation. .

The first thing the new team did after taking over the bank was to suspend the acceptance of external low-down-payment real estate mortgage loans, and began to clean up the real estate mortgage loans that were considered extremely risky within the bank. These loans all adopted a radical model, with a 10% For the down payment and all other loans, once housing prices fall, these people are very likely to give up the house and no longer repay the loan. Although they can still be held accountable according to Hong Kong's laws, the legal costs are high, and the last thing banks want to do is touch them. to such a thing.

Nowadays, housing prices in Xiangjiang have reached their peak. However, some people believe that there is still room for housing prices to rise in the future. Another group of more cautious people believe that they cannot miss this opportunity, and they may not be the last to take over. Therefore, a large number of Funds are still flowing into the real estate market, continuing to push up housing prices.

Bank of East Asia packaged and sold some projects involving real estate. Although the receivers also understood that Bank of East Asia was preparing to clean up high-risk projects, the slightly lower price still made them decide to take the risk.

At the same time, the change of hands of the Bank of East Asia was also widely publicized in Hong Kong. After all, on the surface, Xu Zhi is the richest man in Hong Kong. The bank opened by the richest man has made many ordinary people feel relieved, and many of them deliberately withdraw part of their money from other banks. For cash, opening an account at the Bank of East Asia can be regarded as a blessing to become the richest man.

Within three days of the official announcement of the completion of the acquisition, more than 17,000 people came to the Bank of East Asia to open new accounts and raised HK$80 million in funds.

Of course, these are just the beginning. Midea has become the leader in the electronics industry in Hong Kong. Basically, all the electronics factories of a certain size in Xiangjiang have more or less direct or indirect cooperative relationships with Midea. Bank of East Asia After its establishment, hundreds of electronics factories of varying sizes in Xiangjiang came to branches everywhere to handle company account procedures. Some companies even forcibly recommended their employees' accounts.

Hutchison Whampoa also participated and deposited a lot of funds in the Bank of East Asia. In the future, part of the capital turnover will be carried out through the Bank of East Asia.

Half a month after its establishment, Bank of East Asia successfully absorbed up to HK$500 million in capital with the support of various friends and businessmen, and also cleared out more than HK$300 million of high-risk real estate loans, all of which were packaged and sold. It was given to other banks. Although it did not make any money from it, it also avoided possible crises in the future.

In Hong Kong at the moment, the real estate industry is already the bank's largest customer. Even the Bank of East Asia, which intends to reduce risks, cannot completely eliminate real estate loans. It can only control the risk limit. For example, customers whose loan limit is only half of the house price, or the Customers with high income from work and the ability to repay the loan if house prices fall. Loans from such customers are still very popular. Even if they purchase real estate again, Bank of East Asia will accept it.

After clearing the HKD 300 million contract and adding another HKD 500 million in stored funds, continuing to lend money naturally became the top priority. After all, the current deposit interest rate is as high as 8%. If the money is not loaned out, the loss will be as high as several thousand dollars a year. Ten million Hong Kong dollars.

With the help of Midea, several large OEMs each borrowed HK$200 million from the Bank of East Asia to build new large-scale factories in Shenhai City. At the same time, Bank of East Asia also participated in several development projects in Shenhai City. Now Construction is starting everywhere in Deep Sea City, and the demand for funds is a super bottomless pit. The hundreds of millions of Hong Kong dollars from the Bank of East Asia are just a drop in the bucket.

In fact, from an investment perspective, this time is not the best time to acquire a bank, because in the next few years, due to political, real estate bubble, international economic and other reasons, Hong Kong's economy will have great problems, and even the exchange rate of the Hong Kong dollar will There was a serious plunge.

As long as we wait two years for the real estate crisis to break out, the main loan customers of many banks in Hong Kong are the real estate industry. These small and medium-sized banks will be in crisis, and by then they can acquire them at a lower price.

But at the same time, time is also an extremely important factor. Planning two years early will pay off two years earlier in the future. Moreover, it is very troublesome to take over a bank that has already encountered problems. If you form your own core banking team as soon as possible, it will be smoother by then. Use the time of economic crisis to expand.

The time soon came to April. After a month of running-in, Bank of East Asia has begun to enter a new era. After the internal rectification was completed, Xu Zhi injected another 500 million Hong Kong dollars in reserve funds and also invested in the construction of 20 new branches. These branches are different from before. Most of them are in prime locations on Hong Kong Island and Kowloon. Some of them are Hutchison Whampoa and Evergrande's own properties, and others are additional rent-seeking. Although the rent is extremely expensive, it is still a good thing for the bank. , the golden land means more possibilities to attract savings.

"Xu Sheng, the current total loans for real estate projects within the Bank of East Asia have been reduced to half." Yuan Tianfan, the new CEO of the Bank of East Asia, reported to Xu Zhihui in the office.

Although the current scale of the Bank of East Asia is far less than that of companies such as Evergrande and Midea, it plays an extremely important role in Xu Zhi's plan. Naturally, it is impossible for him to place this bank under the management of Evergrande or other companies. The bank After internal stability was achieved, Xu Zhi contacted a headhunter with the intention of recruiting an elite talent to manage the bank.

The headhunting company provided a series of lists, and Yuan Tianfan was among them.

Xu Zhi has also heard of this person in later generations. He graduated from the University of Chicago in 1976. After returning to Hong Kong, he worked in the Hong Kong branch of HSBC and Citibank with outstanding performance. However, in 1987, the global stock market crash broke out and the Hong Kong stock market was in chaos. Under the wail, the Hong Kong government fired the previous CEO of the Stock Exchange and invited Yuan Tianfan to take up this position, becoming the youngest exchange CEO in the history of the world. Then in the 1990s, he joined the Li Jiacheng family and helped Li Zekai successfully list Yingke Telecom, making tens of billions of Hong Kong dollars in profits.

After an interview, Yuan Tianfan successfully defeated other job applicants and became the CEO of Bank of East Asia.

Xu Zhi smiled and said: "Your next task is to rectify the internal affairs of the bank and at the same time absorb a large amount of people's deposits. As for the direction of loans, priority will be given to the main suppliers of Midea. You can take care of the rest by yourself. You also know my I mean, I’m not too worried about the current housing prices.”

"Then if some large real estate companies in Hong Kong seek cooperation, should we agree?" Yuan Tianfan asked. The loan applications of ordinary people are too small, and banks actually care more about the cooperation of large companies.

Xu Zhi said: "The top five real estate companies such as Jardine Matheson Group, Swire Group, and Yangtze River Holdings can all be considered. If the others apply for large loans, please notify me."

"Understood."

"Wait a minute." Xu Zhi said suddenly: "Do you know about Jianing Group?"

"Of course you know?" Yuan Tianfan nodded and said.

Xu Zhi smiled and said: "Our bank will never allow any cooperation with Jia Ning, not even Jia Ning's partners."

"This..." Yuan Tianfan suddenly frowned.

Seeing that something seemed to be wrong, Xu Zhi asked, "What's wrong?"

Yuan Tianfan said: "Our bank does not have any business dealings with Jianing Group, but if its cooperative companies are included, it does have a certain relationship with us. Yida Group has cooperative relations with Jianing Group on many projects, and Yida Group has a cooperative relationship with Jianing Group on many projects. We have a loan of HK$300 million from our bank."