Chapter 523: 16-Year Plan (I)

……

"$230 million!"

"That's it?"

"The funds raised from the stock market after the resumption of trading were basically used by Zhao Defang to acquire Tieshigu Bank! Also, boss, this $230 million, I don't recommend moving. After all www.biquge.info East West Bank also needs to set aside some of its activity funds to deal with a run in the event of a crisis! ”

Wang Zheng nodded and groaned slightly, "Since that's the case, then this money will stay in Huamei's account." In addition, subsidiaries of Times Holdings and Wharf Holdings will also be listed. At that time, the securities underwriting company will be taken over by the securities department of East West Bank, and the resumption of trading of Wharf Real Estate will be the same! ”

"Yes!"

Everyone nodded.

"As for the direction of East West Bank's expansion in '16, just do what you originally planned, focusing on the Southeast Asian market! Within three to five years, East West Bank will become one of the top five commercial banks in 11 countries in Southeast Asia, with assets of more than $120 billion! ”

Although the financial industry in North America, Europe, East Asia and Australia is more prosperous, the market landscape has basically stabilized after years of development. As a latecomer, East West Bank wants to get involved and get a piece of the pie, but the difficulties are too great, and there are too many constraints in all aspects. On the contrary, it is on the eve of development, and the thriving Southeast Asian and Indian markets have more opportunities!

"Boss, it's hard to do this with East West Bank's own profits alone!" Tao Jun said with a hint of shame on his face.

"Don't worry, I'll give you your support in terms of funding. Just squeeze Huang Zuxiang and Tony Songpashan's stake in East West Bank! ”

"Fu Zheng, the name of the private bank, I have already discussed it with several other partners, it is called Qinhan Bank! In order to avoid the development inconvenience caused by the absence of physical stores. In the future, in addition to online business, Qinhan Bank will also set up offline outlets with the help of the 155 community property companies under Greentown Real Estate, as well as branches in more than 20 cities in the mainland, plus the stores of various subsidiaries of Wharf Holdings and Times Holdings. ”

"Boss, is it really okay for us to play side balls like this?" Fu Zheng said worriedly.

"It doesn't matter, as long as we blatantly open the business outlets of Qinhan Bank on the street and work against the state-owned banks. I'm sure they won't bother us either! They eat meat, and we don't get annoyed when we drink some soup. The only pity is that the state stipulates that one party cannot hold more than 30% of the shares, which makes me feel a little bottomless! ”

"The state stipulates that foreign banks can hold no more than 20% of the equity of domestic financial institutions, as long as the boss is willing to give up a controlling stake in East West Bank. Let East West Bank hold 20% of Qinhan Bank's equity, and you can increase your shareholding to 50%! Fu Zheng said with a smile.

"That's a great idea!" Wang Zheng's eyes lit up and he nodded.

"Didn't Wong Cho Yew always want to merge East West Bank and UOB some time ago? The boss may wish to consider that once the two parties merge, the market capitalization, asset scale and Tier 1 capital adequacy ratio of the new bank will be enough to enter the top 50 in the world banking industry! In addition, it can also realize the plan planned by the boss to make East West Bank one of the top five commercial banks in Southeast Asia. The only pity is that once the merger is made, according to the shareholding of both parties and the market value of their respective banks, the boss's stake in the new bank will fall from the current 62% to about 20%! Tao Jun said.

Wang Zheng frowned, "This shareholding ratio is too low!" If there is no guarantee of holding more than 40% of the equity of the new bank, the merger is meaningless! ”

"If that's the case, Huang Zuyao may not agree!" Fu Zheng said.

With his own push, Wang Zheng is reluctant to take control of such a huge bank, and Huang Zuyao is certainly reluctant to do so.

"So, this matter has to be considered in the long run!"

Tao Jun nodded and didn't say anything more.

"Regarding the business of Qinhan Bank, in a short period of time, it mainly focuses on personal housing loans and small enterprise loans. At the same time, we should take advantage of our advantages in real estate to operate community banking business, and urge community owners to deposit their money in Qinhan Bank, and buy the bank's wealth management products, and buy insurance at the same time! ”

Fu Zheng nodded.

After talking about Hanhua Fund, the next 16-year enterprise development plan of Shennong Technology made Wang Zheng frown.

"You must build your own wafer factory, can't you do foundry?"

"Boss, the core CPU needed for primary artificial intelligence requires a 16-inch wafer with a 14nm process to ensure smooth operation. At present, there is no such wafer foundry in the world, so we can only buy our own machines and build our own factories to make them! Deng Ziqing said.

Wang Zheng nodded, "It's just that the investment is too big!" A wafer factory with a monthly output of 100,000 pieces, together with a packaging factory, needs 3 billion US dollars! ”

"Fortunately, except for the critical CPU, other hardware can be purchased. We already have intelligent algorithms, machine vision, operating systems, databases, and other software, and we don't need to invest in them. Otherwise, if we want to make artificial intelligence come out, we need to invest more! Deng Ziqing said.

After Wang Zheng was silent for a while, he slowly shook his head, "We also want to invest in software!" Don't make it feel too abrupt! Especially intelligent algorithms, operating systems, and databases. This is at the heart of all the software for artificial intelligence! After a pause, "In this way, in 16 and 17 years, I will give you a capital budget of 5 billion US dollars, in addition to the wafer factory and packaging factory, the rest of the money will be used to build a data center in Hanzhong, and then acquire some startups related to operating systems, databases, and artificial intelligence, and by the way, we will become well-known in the technology world." Wait until 18 years to officially launch our AI products. After squinting slightly, "Let's start with the phone!" ”

"Understood!"

"Boss, there's one more thing I want to ask for your consent for!" Deng Ziqing said.

"What's the matter?"

"It was Guo Xin and Jiao Zan who reacted! They say that a large number of experiments in scientific research are highly repetitive and extremely draining. Therefore, they hope to recruit a group of grassroots scientific researchers from among the fresh college students. ”

"Can you guarantee the confidentiality of the lab?"

"No problem! Our own scientists are responsible for the overall structure of the entire project, mastering the core technology. Others are only responsible for a single study, and even if they have a thorough understanding of the entire research project, they will not be able to peek into the full details of the entire study. Moreover, we also have the neuronal brain responsible for monitoring, which can ensure the secrets of research! ”

Wang Zheng nodded, "In that case, I agree to this matter!" ”

"When the meeting is over, I'll let them know!" Deng Ziqing said happily.

After Wang Zheng smiled, he shifted his gaze, "Wang Fei, now we have a lot of money in our accounts, if we don't count the profits of each company?" ”

"After getting the $9.5 billion bank loan guaranteed by Li Zhaoji for us, there is a total of $10.4 billion on the books! It later cost $1.5 billion to acquire a 12.2% stake in East West Bank. It cost $11 billion to acquire the entire Defond Group. However, because of our agreement with the Zhao family, we actually only paid 3.74 billion US dollars to acquire 34% of the shares of Defeng Group in the hands of other investment institutions and individuals other than the Zhao family! ”

“… Later, the acquisition of Sunac Greentown and Greentown China cost 15.5 billion Chinese dollars, and the acquisition of Hong Kong Hotel Group cost 16 billion Hong Kong dollars! After deducting these two expenses, which are equivalent to $4.4 billion, we only have $800 million left on our books! ”

"Not counting the $800 million. If Wharf Real Estate goes smoothly, after deducting the capital investment in mergers and acquisitions in the shipping industry, we can still use 4.5 billion US dollars to invest in 16 years! After a pause, Wang Zheng turned to ask: "If everything goes well, how many shares of Wharf Real Estate will we use to guarantee the $9.5 billion loan guaranteed by the Li family and the $5 billion loan opened by Morgan?" ”

"If the market value of Wharf Real Estate can reach the level of 300 billion Hong Kong dollars we expect, then we need to come up with a 37.3% equity pledge!"

"That means that after deducting the 15% of the shares issued by the listing, we still have 47.7% of the equity that can be pledged for loans?"

"Yes! However, if we pledge all of them, I am afraid that the bank may not accept it! Wang Fei said.

"I know, I didn't want to stake it all! But I'm going to take out another 27.7% equity mortgage! Please contact me with the bank! ”

"Boss, isn't Crown Prince Hamdan still in the villa? You might as well tell him about it! Wang Lei interjected.

Wang Zheng was stunned for a moment and nodded.

"If you don't say it, I forgot, the Dubai royal family is a giant with assets of hundreds of billions of dollars. For other banks, tens of billions of dollars may require several large banks to come up with a combination of several large banks, and they can handle it themselves. Moreover, behind the Dubai royal family, there are also the richer Abu Dhabi royal family and the Saudi royal family. ”

"Boss, East West Bank can also provide a portion of the loan!" Tao Jun said.

"I know, but I agreed to give his Ali a $2 billion loan for overseas mergers and acquisitions. The rest of the money will be used for the expansion of the bank itself, so I'm not going to touch any more fancy money! ”

After a pause, "If all goes well, pledging Wharf Properties' shares again could bring us $10.8 billion!" Add in the initial $800 million and $4.5 billion, and the amount of money we can use in 16 years is $16.2 billion! … Wang Yuan, how much can you borrow from Times Holdings? ”

"Times Holdings, except for Taoyuan Farm, is asset-light. Loans are a bit more cumbersome. However, if there is Mr. Ma Yun's financing of US$1.8 billion, it should not be difficult to lend US$5 billion with the operating data of Maxim's Food Group! However, now the state is too strict on foreign exchange control, and all we can get is the equivalent of 5 billion US dollars in Chinese currency! ”

"It doesn't matter, we are originally investing in China, and what we need is Huaxia coins!" After a pause, "If you calculate it this way, we have invested $21.2 billion in real estate, retail, cinemas and other aspects in 16 years!" ”