Reborn Capital Madman

In terms of speed, Gao Xian's actions in urging Gaoyi Finance to upgrade to Gaoyi Bank can be called the number one Chinese capital in Hong Kong. Even if foreign bank consortiums are included, they are also among the best...v

In comparison, Xiangji Finance, which developed at the same time as Gaoyi Finance, seems to be lagging behind.

In fact, this is not the case. In the circle of Xiangjiang Merchant Bank, to put it in more popular terms, that is, in the field of investment banking, apart from Gao Xian, Ma Jingxi is still the best-developed representative of Chinese capital in Xiangjiang.

Taking advantage of the trend of corporate mergers that emerged in 1976, Ma Jingxi had already listed Xiangji Securities on the backdoor without revealing anything, and Xiangji Finance was in this system.

Speaking of which, financial companies are indeed not as high-end as banks. Especially after the Hong Kong government promulgated the "Depository Companies Ordinance", supervision has been strengthened. For example, in order to prevent deposit companies from competing with banks for public deposits, companies such as Gaoyi Finance and Xiangji Finance

Deposit-taking companies are restricted by the Deposit-taking Companies Ordinance and are not allowed to accept public deposits of less than NT$50,000.

But having said that, financial companies are still far less supervised than banks. This mode of operation has its own mysteries that are difficult to replace, and Ma Jingxi also adheres to the steady style of an old-school businessman and operates step by step.

As for Gao Xian's show of waiting for no time, it is because he has the advantage of information asymmetry in the future, so he must seize the opportunity of the Hong Kong government to re-issue banking licenses.

It is also worth mentioning that the total deposits of Gaoyi Finance are approaching 10 billion Hong Kong dollars, while this hard indicator of Hongji Finance only exceeded 400 million Hong Kong dollars last year, in 1977. There is an order of magnitude difference between the two.

Well, this is decided by Gao Xian's active development of overseas business.

To put it bluntly, if he only lives in the Xiangjiang circle, he can do whatever he wants; but on the world stage, Gao Xian must completely own a bank that is like his own son.

While the banking community in Hong Kong is digesting the Hong Kong government's major move to re-issue banking licenses, the Hong Kong stock market is also responding enthusiastically and actively.

In particular, the share price of Wharf has risen from a low of 11.8 yuan at the beginning of the year to a record high of 46 yuan. It has become a star stock that attracts much attention, and rumors have begun to spread that a large consortium is planning to acquire Wharf.

In this regard, first of all, two forces suddenly became nervous. One was naturally the controller of Wharf, Yihe, and the other was Li Bancheng, who ambitiously wanted to acquire Wharf.

Without an in-depth understanding of this era, it is difficult for outsiders to understand why Jardine, which has a history of more than a hundred years and is the leader of the four major British-owned foreign firms in Hong Kong with deep roots and deep roots, has become a target of sniping in the Hong Kong stock market.

It is necessary to point out that the formation of today's British-owned interest groups in the Far East is inseparable from the support of gunboats that blasted open the door of China in the colonial era.

As the saying goes, being a thief has a guilty conscience. Ever since they withdrew from the mainland market, the Keswick family, the controllers of Jardine, have been wary and suspicious of the mainland. Therefore, in the management of Jardine, they have adopted the strategy of "profiting in Hong Kong and developing overseas."

” strategy.

To put it simply, the Keswick family took the money earned by Jardine Matheson from Hong Kong and invested in Australia, Canada, Hawaii and other places.

Take the performance of recent years as an example. During the economic recession in Hong Kong from 1974 to 1975, the well-run Jardine Group suffered almost negligible negative impacts and made very large profits.

Considerable; and after the economic situation in Hong Kong improved in 1976, the Jardine Group raised a lot of funds in the form of rights issues.

However, most of this money was invested overseas by the Keswick family, and no profits were seen in the short term.

Correspondingly, the Keswick family seems a bit stingy when it comes to measures to return investors such as dividends.

Most investors are interested in a company's stock simply for two major benefits, one is dividends and profits, and the other is buying low and selling high to earn the price difference.

However, the Keswick family's actions not only stretched the front line of Jardine Matheson Group 1, but also weakened investors' interest in Jardine Matheson Group 1 stocks, which in turn caused the stock price of Jardine Matheson Group 1 to languish.

Against this background, Wharf still has specific criticisms. For example, its properties are mainly for rental, and the return on investment is relatively slow, falling behind the current booming Xiangjiang real estate industry.

Whether Jardine is aware of these problems is unknown to outsiders, but Gao Xian is certain that there must be differences in business philosophy between the Keswick family and Jardine’s current management headed by Niu Bijian, which will lead to the huge

The Yihe series seems a bit slow, even clumsy.

The changes in Wharf's stock price proved this point. Jardine belatedly began to investigate who was secretly planning to acquire its favorite.

You must know that Wharf and Land are the two wings of Yihe, and they must not be handed over to others.

Li Bancheng seemed a little troubled by Yihe's reaction. After seeing Gao Xian, he complained: "I didn't expect that Yihe would notice it after being so cautious."

"The response of a free and open market is inherently so sensitive." Gao Xian pointed to the core of the problem and said: "How many Wharf stocks have you mastered?"

Li Bancheng replied slightly depressed: "About ten million shares."

Gao Xian pondered: "In order to develop real estate projects such as the Ocean Center Harbor City in Tsim Sha Tsui, Kowloon, Wharf issued new shares and gave away bonus shares many times between 1973 and 1974 to raise funds, which made the company

The number of shares surged to more than 85 million shares; between 1975 and 1976, Wharf issued convertible bonds and bonds with warrants."

"Under this circumstance, Jardine Matheson's control over Wharf should be even more pessimistic than the news we received before about the 20% shareholding ratio."

"Currently, Gaoyi controls about 10% of Wharf's shares. Adding the 10 million shares in your hand, it already exceeds 20%, which is enough to become the largest shareholder of Wharf and compete head-on with Jardine Matheson.

"

Li Bancheng sighed: "But the increase in Wharf's stock price and the time when Jardine noticed it exceeded my expectations."

"The biggest good news for Dajiang Industrial recently is that the above-ground property development projects of Hong Kong MTR Central Station and Admiralty Station - Global Tower and Admiralty Center, which were successfully bid last year, will be launched for sale in May and August respectively."

"So, I need a buffer. It is best to postpone the time for a head-on decisive battle until after May. By then, Dajiang Industrial will have a greater say in raising funds."

Gao Xian thought for a while and gave a suggestion: "What do you think? Gao Yi spoke up and proactively admitted his investment in Wharf, taking over the reasons for this sharp rise in Wharf's stock price and covering for you.

how?"

Li Bancheng's eyes lit up when he heard this, "Of course it would be best for Sir Gao to come forward. Li will definitely remember this favor!"

"You're welcome. We are all good friends and should be on the same page." Gao Xian smiled slightly and said, "Don't worry, Li Sheng. As long as you are willing, Gao Yi will support the acquisition of Wharf as agreed."