Video Game Empire
Chapter 520: 1 for 1
The Asian securities company under the Oriental Group has only been established for more than two years, but it is definitely the darkest horse among Hong Kong securities companies. Asian securities companies became famous in Hong Kong through the acquisition of the Land Group, and then relied on the strong financial support of the Oriental Group to poach their peers.
Of course, Zhan Zongpei, president of Asia Securities, is quite measured. Most of the poaching targets are for foreign securities companies, but they treat Chinese-funded securities companies with courtesy. Therefore, although the Asian securities company has shallow qualifications, it has quickly been promoted to one of the representative companies among the Chinese-funded securities companies.
In fact, the reason why Asian Securities did not poach Chinese-funded counterparts is largely because the strength of Chinese-funded brokerage houses is generally not high, and it is difficult for Asian Securities to look at things.
In contrast, the business backbones of foreign-funded securities companies in Hong Kong are basically graduates from prestigious universities in the world, and have experienced fierce market battles in Wall Street in New York, City of London and other places. They generally have professional technical literacy and rich practical experience, which are exactly the talents that Asian securities desperately need!
Although Asian securities companies despise ordinary Chinese securities companies, they have long coveted Sun Hung Kai Securities. This company was established by Mr. Feng Jingxi in 1969 and is one of the best Chinese-owned securities firms in Hong Kong.
Jin...②dǐng...②ǎn...②small...② said, .2∨︽ Finance has always been an industry that borrows money to make money, so this field pays special attention to the accumulation of credibility. If investors can't keep their trust in you, how dare they deposit their real money with you. Whether it is a bank, a securities company or a public and private fund, once a large amount of funds is lost, it means that it is not far from bankruptcy!
Asian securities companies are a kind of raptor crossing the river. With the powerful strength of the parent company Dongfang Group, and the legendary charm of the boss "Fortune Li". to support your reputation. However, Sun Hung Kai Securities has its current status in the Hong Kong securities market, but it has been based on the 18 years since its establishment. Constantly accumulating reputation.
After Hong Kong's economy took off, a large number of Chinese-funded enterprises wanted to expand their business scale, and the demand for financing exploded. With the continuous increase in the income of ordinary Hong Kong citizens, the general public's interest in investing in stocks has also begun to increase.
The Hong Kong Stock Exchange, which is controlled by ghosts, has always made things difficult and rejected for Chinese companies. It was under this circumstance that Li Fuzhao established the Far East Exchange in 1969, thus breaking the ghosts' monopoly on the Hong Kong securities capital market in one fell swoop. Feng Jingxi was also keenly aware of the opportunity. Soon after the establishment of the Far East Exchange, Sun Hung Kai Securities was established.
Although Asian securities companies are in a very strong position. Established its position in the Hong Kong stock market. But it is not without shortcomings, at least in terms of qualifications and connections, it is far from being comparable to Sun Hung Kai Securities. In business competition, qualifications and connections are often the guarantee of business.
When the ship king Bao Yugang acquired Wharf, he chose Sun Hung Kai Securities as one of his two acquisition consultants. At the end of last year, the Hong Kong stock market reported that Liu Ruanxiong, a "stock sniper", intends to acquire the Hong Kong Gas Company under the name of "real estate tycoon" Li Zhaoji. Li Zhaoji also invited Sun Hung Kai Securities to act as a trader in his anti-takeover action.
When talking about business between Chinese people, many times the emphasis is on friendship. The so-called "do not do raw" is the truth. If Asia Securities can annex Sun Hung Kai Securities, it will not only get rid of its newcomer status, but also become a well-deserved leader of Chinese securities companies!
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"Feng Sheng, I always like to get straight to the point when it comes to business! I must have told you what I meant by Uncle Zhao. Asia Securities is willing to buy Sun Hung Kai Securities at a price of 200 million Hong Kong dollars!" Li Xuan saw that everyone was slowly getting to know each other. , so bluntly put forward the purpose of tonight.
Feng Yongxiang pondered for a few seconds. Since he was willing to come to the banquet tonight, he actually showed a gesture that he could talk about. But he can't either. As soon as he came up, he promised it, so he paused and said, "Li Sheng. Under the leadership of Zhuang Sheng, your Asian securities company has been a standout in this year's stock market crash! With the current development speed of Asian securities, it must be In one or two years, it will be able to fully surpass Sun Hung Kai Securities. I don’t think Li Sheng necessarily has the need to acquire!”
Feng Yongxiang turned his head towards Zhuang Peizong on his left, and then showed a wry smile! Zhuang Peizong also smiled and took the initiative to say: "Feng Sheng, you are too arrogant, the daily transaction volume handled by Sun Hung Kai Securities can even reach 20% of the total transaction volume of the entire Hong Kong stock market.
We, a newcomer in the Asian securities industry, hope that through the strong alliance with Sun Hung Kai Securities, we will have the capital to compete with foreign securities companies in the next round of reshuffle in the Hong Kong stock market! "
Using the previous stock market crash as an excuse, the Hong Kong government's intention to comprehensively rectify the Hong Kong stock market has become very obvious. The promoters behind this are obviously inseparable from the presence of foreign securities companies. Once the Hong Kong stock market is fully integrated with the global capital market, it means that a large amount of hot money in the world can enter and leave the Hong Kong capital market at will.
In the face of powerful multinational capital, the weak Chinese securities companies have no power to resist, and naturally they have lost control of the Hong Kong stock market. Before the outbreak of the stock market crash, Sun Hung Kai Securities indeed accounted for nearly 20% of the entire Hong Kong stock market in daily stock trading volume.
However, this was achieved on the premise that foreign securities companies have been suppressed by the Exchange Commission of the Stock Exchange headed by Li Fuzhao and could not let go of their hands and feet. And if everyone comes to fight with real swords, those international investment banks that have been in business for a hundred years have countless ways to easily crush Sun Hung Kai Securities to smithereens!
Take the computerized trading that is about to be introduced by the Stock Exchange, for example, the elites of Wall Street will even be able to design special trading models. Then according to the model analysis, the computer automatically buys and sells stocks at a high speed, so as to make profits through intensive short-term trading!
Recently, when the outside world is reflecting on the reasons for "Black Monday", there is a perception that it is the sudden and violent fluctuation of stock prices, which triggers the selling mechanism in computer program trading, which causes the computer to automatically make a large number of selling transactions. Destroyed confidence in the entire market.
In order to prevent another "Black Monday"-like situation in the stock market. Some securities experts are already calling for new circuit breakers to be added to stock exchanges. When the stock market experiences unusually high volatility. Temporarily stop trading in the stock market to give people a buffer time for corrections to computer trading indicators!
Advances in technology have made investment banks on Wall Street. More and more favors are given to the masters and doctorates in physics, mathematics, and computer sciences graduated from prestigious schools. With their strong logical thinking ability and mathematical operation level, these high-IQ people can capture the law of value that is difficult for ordinary people to find in the rapidly changing market. However, the Chinese securities companies in Hong Kong like to recruit people who are flexible and articulate. The two are no longer on the same level!
Feng Yongxiang was sent by his father to Merrill Lynch on Wall Street as an intern for two years, and he knew very well the strength of international investment banks. The Hong Kong government is preparing to vigorously rectify the Hong Kong securities market this time, which is definitely an excellent opportunity to break through the barriers for the international investment banks who have been eyeing them.
For Chinese-funded brokers, the next competition will be a brutal reshuffle. Feng Yongxiang had foreseen this future. So when Li Fuzhao came to be a lobbyist, he did not refuse, but came to the appointment with pleasure!
"I don't hide from Li Sheng and Zhuang Sheng. Uncle Zhao and my father have been friends for many years, and it has been a long-cherished wish for fluoride to operate the securities industry for many years, so he resolutely gave up the real estate industry and continued to develop! My father left. , it is not suitable for me to sell my ancestral property cheaply as a son of man!" Feng Yongxiang said with a sigh.
Seeing the other party's excuse for filial piety, Zhuang Peizong didn't know how to answer for a while. So he had to look at Li Xuan a few times. The other person in the dinner party, Li Fuzhao, looked like he was traveling overseas, and had no plans to come out!
Li Xuan smiled lightly and said loudly: "Elder Feng, the older generation of entrepreneurs. They have always been the objects of my admiration! The conditions when they started from scratch back then were far more difficult than the environment that our younger generation are now in! But when it comes to Mr. Feng's unpaid career, I don't think it's Sun Hung Kai Securities!
Because Sun Hung Kai Securities is Fung's lifelong career. The most glorious monument! If Feng Sheng is willing to accept our merger proposal, I would like to put the name of the new company after the merger. Designated as 'Asia Sun Hung Kai Securities'. After all, the signboard of 'Sun Hung Kai' is a banner of Chinese-owned securities companies, and those of us who are descendants are obliged to inherit it. The honor and spirit of the older generation of entrepreneurs!
The reason why Asia Securities hopes to merge with Sun Hung Kai Securities is to have the capital to compete with foreign securities companies in the next more intense market competition. Therefore, I never thought of letting Feng Sheng sell your main business at a low price. Asia Securities welcomes Feng Sheng as an important shareholder of the new company after the merger! "
A few bright colors flashed in Feng Yongxiang's eyes. He had heard that Li Xuan was a very strong character. But after listening to Li Xuan's statement just now, he deeply felt that the other party was a very smart person.
"Merge" instead of "annex", although it is only a word difference, but the gestures represented are completely different! The former is a condescending look down, while the latter is an equal exchange of cooperation.
As the richest man in the world, even if Li Xuan doesn't say anything, the huge wealth he represents will still make people feel suffocated. But the other party at least found him an excuse to cover his shame.
If Feng Yongxiang does not want to lose the reputation of selling his main business at a low price, he can keep a part of the equity in the new company. In this way, the transaction between the two parties is put on a strong alliance, and it is the cloak of a way out for the Chinese securities companies!
Just when Feng Yongxiang tasted what Li Xuan said just now, Li Xuan continued: "In addition to Sun Hung Kai Securities, the financial map created by Mr. Feng also has Sun Hung Kai Bank. I think this is the unfulfilled career of the old gentleman. I heard before that, when Feng Lao signed the equity transfer agreement with Arab Bank, there was also an attached equity repurchase agreement. I wonder if this is the case?"
Feng Yongxiang shook his head, unable to hide a trace of loneliness in his eyes. In the crisis of Hong Kong's future in the past few years, Hong Kong's banking industry was involved in the real estate and the stock market and suffered severe shocks. Small and medium-sized Chinese banks are in crisis one after another, and Sun Hung Kai Bank cannot escape bad luck.
Although Sun Hung Kai Bank did not have large-scale bad debts, it also lost a huge amount of deposits due to the severe devaluation of the Hong Kong dollar during the "Hong Kong dollar crisis", and was in a business dilemma for a while. So Feng Jingxi had no choice but to choose a stronger bank as a backer. In early 1985, he transferred 75% of the shares of Sun Hung Kai Bank to Arab Bank and changed its name to Hong Kong-based International Bank.
But Feng Jingxi was actually unwilling to give up control over the bank, so he left a tail in the equity transfer agreement. When the operating performance of the new bank reaches a certain standard, the Feng family has the right to repurchase a part of the equity! However, just half a year after the signing of the equity agreement, Feng Jingxi died of a sudden cerebral hemorrhage while on vacation in Canada.
However, in the following 1985 and 1986, Hong Kong-based International Bank saw a substantial increase in profit, and it has reached the right to activate the repurchase clause. However, the first heir to the Feng family's family business, Feng Yongxiang's elder brother Feng Yongfa, has always had no intention of developing in the financial field, and his family immigrated to Canada before.
It is also for this reason that Feng Yongxiang, the second son of the Feng family, shoulders the responsibility of taking care of the Feng family's industry in Hong Kong. However, after Feng Yongfa immigrated to Canada, he began to invest heavily in real estate in Toronto, preparing to gradually sell the part of his estate that belongs to him.
According to the previous agreement of the two brothers, after Sun Hung Kai Securities was transferred to Feng Yongxiang, the equity in Hong Kong-based International Bank was transferred to Feng Yongfa's name. Feng Yongfa naturally had no intention of returning to Hong Kong to compete for the controlling stake, so he directly asked Feng Yongxiang to act as the director of Hong Kong-based International Bank and take care of the remaining 25% of the shares!
Feng Yongxiang just heard that Li Xuan mentioned the matter of Hong Kong-based International Bank, and knew that the other party was really prepared! So now he really wants to know what kind of conditions this "God of Wealth Li" is going to use to impress him!
"Oriental Group is willing to provide a guarantee for you Feng Sheng, and UU Kanshu www.uukanshu.com is supported by Jia Hua Bank and Standard Chartered Bank with sufficient financial support to help Feng Sheng to activate the equity repurchase clause and regain the controlling interest of Hong Kong-based International Bank! If Feng Sheng needs it, Jiahua Bank and Standard Chartered Bank can also partially hold shares in Hong Kong-based International Bank, so that the two sides can form a closer alliance!" Li Xuan finally offered his real conditions.
Feng Yongxiang is different from his elder brother Feng Yongfa. He feels that his career is in Hong Kong, so Li Xuan used the thriving Hong Kong-based International Bank in exchange for the uncertain future of Sun Hung Kai Securities, which is definitely a very good deal for him!
What's more, Li Xuan was very considerate to relieve Feng Yongxiang's back. You must know that Hong Kong-based International Bank has been able to develop so well in the past two years, in fact, it is inseparable from the strong reputation brought by the petrodollars of Arab Bank.
And if Feng Yongxiang wants to maintain performance after re-entering the bank, he must convince depositors and investors that the new team has the credibility and strength of petrodollars.
And "God of Fortune Li" is undoubtedly an excellent substitute, allowing Jiahua Bank and Standard Chartered Bank to strategically invest in Hong Kong-based International Bank, and improve the ability to resist risks in the future by forming a bank alliance that advances and retreats together! (To be continued.)
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