But even though the Hong Kong government has enacted a new aviation law that is very favorable to Cathay Pacific, Swire Group's Wyer Swire still does not feel much safe. The establishment of Dragonair itself means a change in the direction of the wind.

They can now use the power of the British authorities in Hong Kong to suppress Dragonair. But after ninety-seven, this may in turn become a stain on them. Therefore, while Shi Huaiya tried to limit his competitors as much as possible, he also began to try his best to dilute the British color on himself.

Cathay Pacific was originally a purely British-owned company, with Swire Group controlling 70% of the shares, while the remaining 30% was in the hands of HSBC.

But shortly after Dragonair's launch, Cathay Pacific submitted a listing application to the Hong Kong Stock Exchange. Cathay Pacific, which has always been very profitable, is not really to raise funds, but to turn itself into a public company listed on the Hong Kong stock market.

After bringing in local public shareholders, Schwyer and Swire Group still felt unsafe and sold a 12.5% stake to CITIC Futai.

At that time, the Civil Aviation Department of the British authorities in Hong Kong refused to approve Dragonair's flight application on the pretext that there were Chinese costs among the shareholders of Dragonair. Now it is Cathay Pacific's turn to take the initiative to pull Chinese capital into the bureau, but the Hong Kong British Civil Aviation Department does not see it.

You must know that the shareholder restructuring plan between these two competitors is diametrically opposed, and the interval between them is not even a year, and I have to say that the "double standard" of the Hong Kong and British authorities is really slippery!

The Chinese-backed Sino-CITIC Futai has taken a stake in Cathay Pacific, which is definitely a big bad news for Ganglong. Until then, the shareholders of Ganglong can still hope for a bright future after 97.

However, after the entry of CITIC Futai, many people understood that Ganglong may not be able to take much advantage from Cathay Pacific even after 97, so some shareholders began to have an idea.

Although Dragonair was single-handedly planned and established by Cao Guangbiao, as early as after the last capital restructuring, the largest shareholder became Bao Yugang, and the chairman of the company's board of directors was also Bao Shi.

Although the appearance of Li Xuan's butterfly has changed the fate of many people and things, birth, old age, sickness and death sometimes cannot be changed.

As early as last year, Bao Yugang was already seriously ill, and Ganglong did not improve, so he decided to get out of this quagmire.

When Shi Huaiya heard the news, she immediately contacted the Bao family and wanted to buy the shares of Ganglong from them. For Cathay Pacific, only by directly annexing Dragonair and making Hong Kong have only one passenger airline again, can it be regarded as a real peace of mind!

But the deal didn't come to fruition because someone told Bao Yugang that he would seek advice from China's civil aviation authorities before selling his shares. And so the matter was over.

Now, Bao Yugang knows that time is running out, and has begun to divide the family property and arrange the future in advance. Several sons-in-law of the Bao family had no intention of getting involved in the aviation industry, so the sale of Ganglong's shares was once again put on the table.

This time, they seem to have found a suitable receiver - Sino-CITIC Futai. Naturally, it is impossible for CITIC Futai to really operate Dragonair independently, so the Civil Aviation Department of the Hong Kong Government is estimated to jump out again.

However, in January this year, both Swire and HSBC each transferred some of their shares in Cathay Pacific to CITIC Futai, and it has now surpassed HSBC to become Cathay Pacific's second largest shareholder after Swire.

Therefore, after Zhongxin Futai took over the shares of Dragonair from the Bao family, it is likely to be transferred to Cathay Pacific. The involvement of CITIC Futai makes other potential investors reluctant to jump out of the competition even if they are optimistic about Ganglong.

In addition to Bao's major shareholder, another important shareholder of Ganglong, Cao Guangbiao, who brought in 30 well-known Chinese businessmen from Hong Kong and Macao to raise funds to establish a Hong Kong and Macao joint-stock company, also did not want to continue to give Ganglong blood transfusion.

So now Cao Guangbiao is facing a situation where his two major allies may withdraw at the same time. Cathay Pacific may take this opportunity to complete absolute control of Ganglong through the hands of CITIC Futai.

To say that the reason why Cao Guangbiao is facing the current predicament is because he wanted to speculate and play the political card from the beginning. But he actually doesn't understand politics at all, and the north itself is constantly deepening reform and opening up and increasing efforts to attract foreign investment, how can it be possible to completely reject Cathay just because it is British-owned, isn't this a slap in the face!

Even if Li Xuan vigorously fooled a Chinese-funded tycoon like Li Ka-shing and joined forces to hunt down British capital, it would be necessary to show real benefits - such as China Power Company, in order to really lead people to the end.

And even Li Xuan didn't stand next to him and shout for free, the shares he sold to Li Ka-shing were not sold at a flat price, and it was already very helpful to be able to give a grace period for the account.

In addition, his subsidiary, K. Wah Bank, has also made a lot of money as an M&A advisor and credit provider for Li Ka-shing and Liu Yuen Xiong. What's more, through this cooperation, K. Wah has also greatly deepened its relationship with Li Ka-shing, and has a good chance to pry this big customer out of HSBC's hands.

Therefore, it is said that the hustle and bustle of the world is all for profit, and the hustle and bustle of the world is for profit! It is useless to only shout slogans, and to make friends depends on real interests!

I don't know if Cao Guangming doesn't understand this truth, but he is extremely dissatisfied with the result that Ganglong will be annexed by Cathay, so he wants to save himself!

There are only a handful of people in Hong Kong who can not be intimidated by the background of CITIC Futai, and Li Xuan is one of them. Therefore, Cao Guangbiao sat in front of Li Xuan, and was instructed by a young man of the same generation as his grandson with a red face.

"Does Mr. Cao know that in addition to Cathay Pacific and Dragonair, there is actually an airline in Hong Kong!" Although Li Xuan bluntly said that Dragonair's own positioning was wrong, he did not point out where the mistake was.

"You mean AHK?" Cao Guangbiao immediately said.

"That's right, Huamin Airlines was established a year later than Ganglong, but it was profitable as early as 1987! To tell you the truth, the two investment funds under my name account for a total of 40% of the shares of Minhua Airlines!" Li Xuan said with a smile.

Cao Guangbiao couldn't help but be surprised, he was naturally no stranger to AHK Airlines, and even analyzed this company in detail. It's just that I didn't expect this company to be a company directly invested by the God of Wealth Li.

After the mystery was solved, many things suddenly became clear, such as the fact that the Eastern Group itself is the largest customer of AHK.

"Unlike when you went to the aviation industry from the beginning, I noticed Minhua in order to find a suitable trustee for the business jet fleet of the Eastern Bloc!" Li Xuan said lightly.

Oriental Group's subsidiaries are scattered around the world, such as Aikang's headquarters in London, RCA's headquarters in New York, CG's headquarters in San Francisco, and Oriental Semiconductor's headquarters from San Francisco to Austin.

In order to better control the development direction of the entire Oriental Group, Li Xuan often needs to have in-depth communication with the senior management of various subsidiaries. The effect of phone calls and emails is certainly not as good as face-to-face. In order to reduce the fatigue of senior management personnel flying halfway around the world to Hong Kong, Li Xuan purchased four business jets of various types in addition to his own Boeing 747, which is more luxurious than the US president's car.

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