Reborn Xiangjiang as a Tycoon

Chapter 264 Bank

On Saturday morning, Lin Baicheng met two people at home.

One of them is Liao Siren, an assistant that Lin Baicheng just appointed a while ago. He is 32 years old this year. This person was not recruited by Lin Baicheng through a headhunter, but a talent promoted from Hutchison Whampoa. He was originally a middle-level administrator at Hutchison Whampoa.

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Of course, Liao Siren would not refuse the opportunity to be the chairman's assistant. What's more, he knew clearly that Cheng Yufeng, the current vice president of Hutchison Whampoa, had been his boss's assistant before.

As for the other person, Lin Baicheng recruited him through headhunting. His name is Xiang Ping. He is 46 years old. He previously worked at Hang Seng Bank and is one of the senior executives of Hang Seng Bank.

These two people came to report to Lin Baicheng today.

Lin Baicheng took Xiang Ping and Liao Siren to the study.

Lin Baicheng said: "You should report first."

It was Xiang Ping who made the report. He said: "After thorough investigation, we have screened out three banks. These three banks are all in trouble. If you, Mr. Lin, acquire it, you can get 100% control. It's a pity.

The economic crisis has just passed a few years ago, and most of the banks that have been able to survive have now improved. Therefore, Mr. Lin, if you want to acquire a 100% controlling bank, your options are extremely limited."

Liao Siren then said: "These three are all small banks. Preliminary estimates only require a total of about 50 million Hong Kong dollars to fully acquire them."

Lin Baicheng nodded after hearing this and asked Xiang Ping: "Will acquiring these three banks help establish my own bank?"

"Acquisitions are still necessary."

Xiang Ping nodded and said: "As I have always said to you, Mr. Lin, it does not matter how many deposits and depositors the acquired bank has, what matters is the bank's employees. Not everyone can do the job in the bank, and no one can do it.

When some banks are established, not to mention licensing and other formalities, just recruiting staff is not an easy task. Even if a sufficient number of bank staff can be recruited, it will take time and will slow down the bank's expansion."

"It's worth exchanging funds for time."

Lin Baicheng nodded in agreement and said immediately: "In that case, you should form a team and start acquisition negotiations for these three banks."

"Yes, Mr. Lin!"

Xiang Ping and Liao Siren both responded at the same time.

Establishing his own bank is something Lin Baicheng must do, and this should be done sooner rather than later. After all, banks also take time to develop, and it is impossible to become a big bank as soon as they are acquired.

If he really wanted to directly acquire a big bank, Qian Linbaicheng would have it, but he didn't want to be taken advantage of. How could they give up control to him without paying a very high premium? Even so, the shares of big banks are usually very divided.

If the company breaks up, he may not be able to obtain 100% controlling interest.

For this bank that belongs to him, Lin Baicheng must obtain 100% controlling interest. Only in this way will his future operations through the bank not be known to others. And if there are other shareholders, no matter how many shares the shareholder has,

Some things cannot be hidden from this shareholder. After all, even if he does not have management rights, he still has the right to know. This is the right granted to shareholders by law.

There are many benefits to having your own bank. For example, there will definitely be no problems if your own money is stored in your own bank. Things like long investment in gold futures will not be known to others. If you have enough funds to lend to others, you can make connections, etc.

and many other benefits.

Lin Baicheng said to Xiang Ping: "Manager Xiang, after acquiring the banks, how long will it take you to complete the restructuring of these three banks?"

Xiang Ping mused: "It will take at least one or two months to sort out the internal affairs and complete the reorganization."

After hearing this, Lin Baicheng said: "It is already late August. I want you to complete the reorganization of the bank before the year, merge the three banks into one, and prepare for expansion in the coming year."

"That's no problem."

Xiang Ping immediately agreed and would give him at least three or four months to do this. He was still confident that he could do this.

Lin Baicheng: "Before the bank completes its reorganization, I will not connect the business of my company with the bank, nor will I inject too much capital into the bank. Your task is to complete the reorganization of the bank and hand me a brand new bank.

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"Don't worry, Mr. Lin, I won't let you down."

Xiang Ping promised aloud that if he couldn't accomplish this, he would not be qualified for the position of supervisor in the bank.

"I trust you."

Lin Baicheng nodded. If he didn't believe in Xiang Ping's abilities, he wouldn't have hired Xiang Ping from Hang Seng Bank.

"Assistant Liao, your current task is to assist Manager Xiang in completing the acquisition negotiations for three banks. I will make other arrangements for you later."

"Okay, Mr. Lin."

Liao Siren responded and expressed his understanding.

After Xiang Ping and Liao Siren stayed for a while, they said goodbye and left.

Today is Saturday and there is nothing else to be busy with. Lin Baicheng stays at home and rests.

In the evening, Hutchison Whampoa held a celebration banquet.

The banquet was attended by celebrities, including many British and Chinese people. Even the Governor of Hong Kong, John Malihose, appeared at the banquet.

Although Hutchison Whampoa has sold many companies, there are still many companies whose business has dealings with British capital, and even cooperates with Jardine Matheson. Therefore, the new chairman of Jardine Matheson, Henry Caesar, also came to the banquet.

Although Hutchison Whampoa's stock price fell sharply after the good news, the stock price is still stable above HK$50 for the time being, and the market value still exceeds HK$20 billion, making it the largest listed company in Hong Kong today.

Tonight's celebration banquet, Lin Baicheng, the chairman of the company, is of course here, as is Shen Chou, the chief executive of HSBC, the second largest shareholder. HSBC, which holds 15% of Hutchison Whampoa's shares, is making money in disguise.

It means that HSBC has also made money, so HSBC will definitely not be absent from Hutchison Whampoa's celebration party.

At tonight's celebration banquet, what surprised Lin Baicheng the most was not the arrival of Hong Kong Governor MacLehose, but the arrival of an important customs official who had previously handed over the funds to him, and approached him and expressed that he wanted to invest more funds in his fund.

, let him take care of it.

The important thing is that the customs official told him that he was not the only one who wanted to do this, but there were many people. Some had already invested and now wanted to invest more; some had not invested in him last time and now regretted it.

Want to invest.

This important customs officer even hinted to Lin Baicheng that the Hong Kong Governor also wanted to hand over a sum of money to him, so he hoped that Lin Baicheng would not refuse.

Lin Baicheng was a little surprised at first, but he quickly realized it. Although the Governor of Hong Kong has the highest position in the Hong Kong government, it does not mean that the Governor is very rich, nor does it mean that the Governor is not short of money, especially in this case.

The more money you earn openly, the better.

The 18 million Hong Kong dollars raised by the last fund were all used by Lin Baicheng to invest in gold futures, using ten times leverage. Now, although the price of gold has fallen below the price of 210 US dollars, it has also risen by about 20%, which is equivalent to ten times leverage.

Yu made 200%.

After the profit exceeds 100%, half of it belongs to the fund. However, there is still 100% profit left. In about two months, the invested funds have doubled. This kind of return rate is not available to everyone.

Therefore, many people feel that they have invested less, and those who have not invested want to invest even more.

(End of chapter)