In Hong Kong, we build a global business empire

Chapter 572 Reassurance

Everyone knows that the Li Peicai family has always regarded Bank of East Asia as a family business, and has held the controlling rights firmly in its hands since its establishment.

But now, they seem to be willing to hand over this control to others. This change is really puzzling.

Most of the shareholders present had close ties with the shareholders of Bank of East Asia and the Li family, which made it even more difficult for them to understand what exactly happened.
Li Fushu felt the puzzled gazes of the crowd, he smiled slightly, stood up and explained: "Everyone, times are changing, the business world is up and down, only the fittest survive.

Although our Li family has always been in control of the Bank of East Asia, facing today's complex and volatile financial market, we are very clear that it is difficult to bring the Bank of East Asia to a higher peak on our own.

For the future of our Li family and also for the future of Bank of East Asia, it is undoubtedly the wisest choice to introduce a stronger partner to jointly open up new situations.

Mr. Lin Haoran is a leader in Hong Kong's business community. His strength and vision are obvious to all. So on behalf of the Li family, I decided to give the controlling stake of Bank of East Asia to Mr. Lin.

We believe that under the leadership of Mr. Lin Haoran, Bank of East Asia will usher in an even brighter future.”

Li Fushu's words shocked the shareholders present and made them fall into deep thought.

Unexpectedly, the Li family has such courage. This decision to let go and adapt to the times is truly admirable.

You know, this is equivalent to completely handing over the Bank of East Asia to others!

They asked themselves, if they were put in the Li family's shoes, they would never be able to let go so easily.

After all, Bank of East Asia is the result of the hard work of several generations of Li Peicai's family. It started as an unknown small bank and went through countless ups and downs before developing into its current important position in the Hong Kong financial world.

Except for China Construction Investment (Hong Kong) Co., Ltd., these shareholders have all followed the Li family in running the Bank of East Asia since their fathers or even grandparents. Therefore, they are very supportive of the Li Peicai family's control of the Bank of East Asia.

Now, the Li family is planning to hand over the controlling stake to someone else, which is indeed unexpected for the shareholders present.

After Li Fushu finished speaking, Lin Haoran continued, "You all play an important role in the Bank of East Asia, and you are all contributors to the development of the Bank of East Asia.

I believe everyone is aware that Bank of East Asia is currently facing many difficulties. The competition in the Hong Kong market is becoming increasingly fierce, and the competition in overseas markets is even more brutal.

Given Bank of East Asia’s current situation, it is not easy to maintain its existing market share, let alone further expand its business and enhance its international influence.

In the field of banking, you are the experts, while I am at best a layman, and I am sure that you all here have a better understanding of this than I do. "

As Lin Haoran spoke, he looked at the people present. Everyone present couldn't help but nod their heads, obviously agreeing with what Lin Haoran said.

After all, the fact that Galaxy Securities had previously connected with those shareholders and purchased shares from them was enough to show that those investors who sold shares were not optimistic about the future of Bank of East Asia.

Although the shareholders at this shareholders' meeting had no plans to sell their shares, they were still very clear about the current situation of Bank of East Asia.

Lin Haoran smiled slightly and continued, "Once I become the controlling shareholder of Bank of East Asia, I will fully support the development of Bank of East Asia. In the future, my industries in Hong Kong and even internationally can have in-depth cooperation with Bank of East Asia, thereby rapidly expanding the business scope of Bank of East Asia.

Whether it is financial support, sharing of customer resources, or exploration in emerging financial fields, I will spare no effort to provide help!

For example, to take the simplest example, the cash reserves of my Hong Kong Land Group alone, plus the cash of its subsidiaries, exceed HK$10 billion. If such a huge amount of cash is transferred from other banks to Bank of East Asia, the liquidity and capital storage capabilities of Bank of East Asia will be greatly improved.

Furthermore, I have extensive connections and resources in the international financial field. For example, I have a good cooperative relationship with Citibank, which can promote Citibank to cooperate with Bank of East Asia, thereby helping Bank of East Asia to expand its overseas business, open the door to the international market, and make the name of Bank of East Asia more famous on the global financial stage!"

The shareholders present were all extremely excited listening to what Lin Haoran said.

After all, which of Lin Haoran’s companies is not a top company in Hong Kong?

The Hong Kong Land Development, Dairy Farm, Ching Chau Cement, Towngas, Kowloon Motor Bus, Man Ching Group, Heung Kong Telephone, etc. are almost all top companies in the industry in Hong Kong.

Once these companies deeply bind their transactions, capital flows and other businesses with Bank of East Asia, it will undoubtedly be extremely good news for Bank of East Asia. It will directly double or triple the strength of Bank of East Asia, which is not a problem at all!
Moreover, with Lin Haoran's current wealth and international connections, it is indeed possible for Bank of East Asia to expand on a large scale in the international market.

For example, if cooperation with international banks such as Citibank is really achieved, it will definitely bring more advanced management experience, innovative financial products and service models to Bank of East Asia, and help Bank of East Asia gain a foothold in the global financial market. Cooperation between banks is nothing new, and strong alliances can often create greater value.

Just like some well-known international banks have achieved remarkable results by expanding their business scope, dispersing risks and sharing resources through cooperation.

Although Lin Haoran took over the Bank of East Asia, his international investment still required the support of other banks, such as Citibank. Therefore, after becoming the controlling shareholder of the Bank of East Asia, it was impossible for him to abandon Citibank.

Therefore, in the future, Lin Haoran and Citibank will still be very important partners. For his sake, it will not be difficult for Citibank to promote cooperation between Bank of East Asia and Lin Haoran.

All of this is absolutely beneficial to Bank of East Asia with no harm at all!

Not to mention the international cooperation, just relying on the growth of the Hong Kong market is enough to allow Bank of East Asia to surpass Standard Chartered Bank's Hong Kong branch and even Hang Seng Bank in market share in the future!
As for surpassing Huifeng Bank? No one dared to think about it.

In Hong Kong, the strength of Huifeng Bank is invincible.

Last year, a professional organization calculated that the market share of Bank of Hong Kong and its holding bank Hang Seng Bank in Hong Kong reached 6%!
There are hundreds of banking brands in Hong Kong and financial institutions that have not been able to obtain banking licenses and can only operate under the name of financial companies!

This means that these hundreds of banks or financial companies can only compete for less than 40% of the remaining market share.

Therefore, it is almost impossible for Bank of East Asia to surpass Bank of East Asia.

But even if they could surpass Hang Seng Bank, the second largest bank in Hong Kong, everyone present was excited enough to make their hearts beat faster and their blood boil.

At this moment, how could these shareholders not be excited?
This means that Bank of East Asia will usher in unprecedented development opportunities, and the prices of the stocks they hold will most likely continue to soar. As important shareholders of Bank of East Asia, the benefits they will gain will be immeasurable!

Just when almost all shareholders were immersed in an atmosphere of excitement and longing, a hesitant voice suddenly came from the corner: "Mr. Lin, your plan to take over the Bank of East Asia sounds very tempting, but I have a question to ask.

Once you successfully take control of Bank of East Asia, will there be major changes in the bank's management structure? For example, will the Li family's voice in Bank of East Asia be greatly weakened?
Also, how much say can we, the old shareholders, retain in the bank's decision-making process? After all, as far as I know, in the professional field of banking, as you said yourself, Mr. Lin, you are indeed a layman. "

When the other shareholders heard this question, they also turned their eyes to Lin Haoran.

Yes, there are indeed many benefits for Lin Haoran to take over the Bank of East Asia, but he is ultimately a layman in the banking industry. If he were to take sole control and do something detrimental to the Bank of East Asia, they would be almost helpless as the other party has absolute control.

This point really needs an accurate explanation.

When Lin Haoran heard this slightly sharp question, he looked calmly at the shareholder who asked the question, still maintaining a gentle smile on his face.

Zhang Qingshan?
"Haoran, this Mr. Zhang is the representative of China Construction Investment (Hong Kong) Co., Ltd." At this time, Li Fushu on the side explained to Lin Haoran.

Lin Haoran suddenly realized that they were representatives from the mainland.

Before Lin Haoran could respond, Li Fushu turned to the representative from Huaxia Construction Investment (Xiangjiang) Co., Ltd. and said, "Mr. Zhang, I can explain this for Mr. Lin.

Even if Mr. Lin Haoran becomes the controlling shareholder, my Li family will still firmly control the management of Bank of East Asia. In other words, the positions and responsibilities of Guobin and I in Bank of East Asia will not change in the slightest in the future.

In fact, Mr. Lin Haoran and I have already signed several detailed secret agreements, so you can rest assured!"

Everyone breathed a sigh of relief when they heard this.

Although they welcome Lin Haoran to take over the Bank of East Asia, it does not mean that they want Lin Haoran to take sole control of the management of the Bank of East Asia.

Now, I feel relieved.

I think if the Li family was not absolutely sure and had thorough arrangements, they would not have given the controlling rights to Lin Haoran so easily.

Li Fushu's words were like a reassurance, which put the anxious hearts of the shareholders present at ease.

(End of this chapter)