The current Hang Seng Bank is basically managed by people from the new entrepreneurship department, because the people of the HSBC department have almost cleaned up over the years.

Originally, Hang Seng Bank's business in Hong Kong was actually much better than HSBC's. The reason why Hang Seng was unable to achieve a larger scale was the suppression of HSBC, the former major shareholder. In terms of the assets of the bunch of subsidiaries that HSBC originally acquired, there was no second one that was better than Hang Seng.

Over the years, Hang Seng's revenue and profit growth rate has been higher than the average rate of HSBC. Whether it is the 70s, the 80s, the 90s and the 21st century, Hang Seng has surpassed HSBC almost every year.

There is a huge gap between Hang Seng's market value and HSBC, mainly because Hang Seng is controlled by HSBC! HSBC makes Hang Seng pay high dividends every year, and uses the funds from Hang Seng dividends to continue to invest in other assets.

How could HSBC not keep pressing Hang Seng?

For Hang Seng Bank, if it wants to grow into a larger bank, in fact, the first thing to do is to get rid of HSBC! Removing HSBC, the major shareholder that has been suppressing Hang Seng Bank, is actually a big long-term benefit for Hang Seng.

Now that Hang Seng Bank has become a subsidiary of New Capital Electronics Group, New Capital Electronics Group alone has placed $5 billion in long-term deposits in Hang Seng Bank, which has greatly increased Hang Seng Bank's ability to issue loans. Subsequently, the salary cards of the employees of the newly established subsidiaries were successively replaced with those of Hang Seng Bank. In addition, the settlement of funds between the new entrepreneurship department and business partners is increasingly recommended to be based on Hang Seng Bank, and many high-net-worth employees of the new entrepreneurship department are gradually choosing to buy Hang Seng Bank's wealth management products, as well as personal consumption loans such as house purchases and credit cards, and are also looking for Hang Seng Bank.

This has also led to the rapid growth of Hang Seng Bank's deposits and loans. In terms of Hong Kong's local residential mortgage loan market, Hang Seng has won the first place with a market share of 43%!

Hang Seng Bank's profit has grown from just over HK$1 billion three years ago to a net profit of more than HK$5 billion. The market value of stocks in the Hong Kong market has also exceeded the HK$100 billion mark, and the market value of HSBC is only less than 10%!

Of course, the 62.14% shares of Hang Seng Bank, which is controlled by Xinchuang Electronics Group, were originally obtained by replacing 10% of HSBC's shares, and the original market value was about 10 billion Hong Kong dollars. Now, 62.14% of Hang Seng Bank's shares have a market capitalization of more than HK$60 billion, a six-fold profit compared to three years ago.

This is still not counting the annual dividends of Hang Seng Bank, if you take into account the last three years, it has paid more than 1.4 billion Hong Kong dollars in cash. In addition, after the annual report of 92 years, Hang Seng plans to carry out a dividend plan of more than HK$2 billion. It can be said that Hang Seng Bank has gradually become a high-quality dairy cow for the new venture electronics group, with continuous milk production and milk production increasing year by year.

Squeezing can provide a large amount of profit dividends, and the amount of milking is controlled in the hands of the new venture electronics group itself. From the current point of view, the investment of New Venture Electronics Group in Hang Seng Bank is definitely a stroke of genius.

Not only can the new venture electronics group bring a large number of new businesses to Hang Seng Bank, but the improvement of the scale and quality of Hang Seng Bank's business will in turn feed back the profits to the new venture electronics group.

It is no wonder that those big conglomerates and chaebols in the world, when they are large enough to a certain scale, must control a bank of their own. Because, even if the cash of the huge consortium itself flows at will, it will generate a lot of profits, and these businesses will generate a lot of profits if they are done by any financial institution. Sometimes, the chaebols themselves don't make much profit, and the banks that provide services to them are making a lot of money...... It is for this reason that it is best to be able to control a bank for the sake of overall efficiency.

Just with the current scale of Hang Seng Bank, countless business owners in Hong Kong and China have nodded to Ma Yaowen.

After all, Hang Seng is now one of the biggest, if not the largest banks in Hong Kong. The scale of capital is enough to be compared with HSBC, Standard Chartered, and Bank of China.

It is precisely because of this that the little accountant Ma Yaowen, now that he is the president of Hang Seng Bank, can gradually talk and laugh with the bigwigs he used to look up to.

……

With the statistics of the computer system, the number of people who should come to the site to check in and sign in is almost there, and a very small number of people cannot go to the scene because of something, and they also ask for leave through the company's internal email or special telephone.

Of course, as a super consortium that can be called pivotal in the world, the annual meeting of the new venture electronics group, even if there are fewer people, in fact, the impact is not too great.

After all, the real core figure of the company is Lin Qi, and as long as Lin Qi is on the scene, he is more important than anyone else.

At nine o'clock in the morning, the annual meeting of Xinye Electronics Group officially began.

After the opening theatrical performance.

Lin Qi wore a sportswear, and looked very energetic on the stage arranged in the center of the stadium, although it was impossible for tens of thousands of people in the audience to see Lin Qi clearly with the naked eye, but there were big screens around the scene, so that everyone who participated in the meeting in every corner, as long as they were not deaf and blind, could basically see and hear Lin Qi's speech.

With this colleague, many participants with average language skills began to wear headphones, and there were a large number of simultaneous translations on the spot, and after wearing headphones and switching the corresponding languages, they could hear the simultaneous translation into different national languages.

Although it is not possible to translate all languages, there are basically corresponding translations for more than ten mainstream languages such as Chinese, English, Russian, French, Japanese, Korean, and Portuguese. Even though there is a shortage of translators in some small languages, the representatives of the small language areas basically have a good grasp of English and Chinese. If you don't understand Lin Qi's Chinese, you can switch to standard English simultaneous translation.

"Dear colleagues, dear shareholders.

Today is the 92nd anniversary of the shareholders' meeting and the annual meeting of key employees of our new venture electronics group.

The employees who can go to the site are elites from all over the world.

The value you create is far ahead of the GDP growth of the world's fastest-growing economies. At the same time, it is also ahead of the average growth rate of the technology industry in this era.

Last year...... The total revenue of the group, as well as the holding and shareholding subsidiaries of our group, reached US$184.3 billion, an increase of 35% compared with 91 years. The scale of net profit is about 20.7 billion US dollars, a slight increase of 11% compared with last year.

At the same time, our net assets after deducting debt exceeded $50 billion, or about $54.9 billion. The total asset size is $108.6 billion, and we have about $50 billion in debt, but only $20 billion in interest-bearing liabilities, and an average annual interest payment of $1.6 billion.

In addition, the $30 billion debt is not required to pay interest, which is also the payment we should pay to our partners, or accept the deposit from the consumer in advance. At the same time, our cash deposits in banks and financial institutions, or cash-like assets equivalent to cash deposits, exceed $30 billion. That is to say, our cash flow is very healthy, and we even have a lot of cash lying in the bank, so the shareholders of the company, when they sleep, can be more at ease, and our finances are extremely conservative and sound. ”

There was a burst of laughter.

After so many years of development, the company's growth rate has slowed down, but it has also developed in an increasingly conservative and stable direction. For example, early-stage companies will speculate on exchange rates, stocks, real estate and other markets on a large scale, and even borrow leverage. But now, I will never do such speculative things, even if it is the allocation of stocks, real estate or the equity of non-listed companies, or for medium and long-term financial investment, for example, the valuation of some assets is too low, carry out some value investment allocation, and later, by eating dividends or waiting for the market to overheat, asset prices will rise wildly, and do not sell them when they are undervalued. There are also some assets that are bought with an acquisition mentality, such as Hang Seng Bank, which is a classic acquisition case.

In the end, HSBC's management and board of directors were forced to come forward to sell the equity of Hang Seng Bank to Lin Qi, begging Lin Qi not to take a hostile takeover of HSBC.

HSBC surrendered to Lin Qi and abandoned his pawn to protect the commander in exchange for Lin Qi's promise not to acquire HSBC. The whole market has completely realized that this is the replacement of old and new powers, and from then on, HSBC is no longer the invisible ruler of Hong Kong, on the contrary, Lin Qi's new entrepreneurial department has stronger financial resources and influence than HSBC.

This also makes the domestic attitude towards Lin Qi, in addition to being the number one patriotic businessman and making great contributions to the development of the country's economy and science and technology, and even, out of the return of Hong Kong to maintain stability and the united front, it also gives Lin Qi more benefits.

Lin Qi is not only his own person with a clear attitude, but also has a huge influence, so the United Front does not need to look for those wall grasses like Li Chaoren.

"Revenue is growing faster than net profit because we make more concessions in order to promote our products. And, in the past year, we have set up branches in more than 30 countries around the world. For example, the former Soviet Union, suddenly the collapse of the former Soviet Union, as a result, a bunch of sovereign countries, we had to add at least one representative office in each country to handle our business. The Soviet Union and the countries of Eastern Europe, in the past, we were not deeply involved because they were not open enough, and now, although these countries are economically chaotic and their purchasing power is not so sufficient, I believe that as the order stabilizes, these markets will provide profits in the future. Last year, our move to expand into new markets was the largest in history, due to some long-term investments, these investments will not be able to provide profits in the short term, or even reduce our current profits, but I believe that any place where there is human habitation, we should expand the market, sell our products, and use local talents, provide employment opportunities, and enhance our creativity......"