Chapter 665: East West Bank

……

However, after talking with Ma Yun tonight, Wang Zheng remembered that he had not asked about the development of Taoyuan Group and Times Group for a long time.

Although the economy is only one part of his future priorities, it is often the economy that determines the superstructure. In their own grand plans, they also need sufficient financial support.

So after returning to the residence, coaxing Yu Yixue to sleep, and coming to the capital through the space gate to appease Shen Bing, he found time to contact Wang Yuan and Tao Jun through the global communication terminal in the second half of the night. Originally, he wanted to pull Wang Lei, but at this time he was in Chang'an for the opening of the 'Shennong Academy' in three days. Just think about it, anyway, Wang Lei is in charge of Taoyuan Villa and Shennong Academy, which is by his side, and it just so happens that he is not going to go out during this time, and there is time to call him to his side to inquire in detail.

"Boss!"

Wang Zheng nodded, looked at the almost real image of the two on the 3D virtual screen and asked, "The main reason for bringing you two here is to ask about your respective developments." … Which of you will speak first?"

"I'd better come first! East West Bank doesn't have as many branches as Times Group, and it's easy to say. Tao Jun said.

"It's good!"

Wang Zheng nodded.

“… From January 1, 2016 to the present, in the past nine months, East West Bank has expanded from 544 branches, $13.58 billion in Tier 1 capital, $17.2 billion in total market capitalization, and $88.7 billion in total assets at the beginning of the year to 1,578 branches, $20.7 billion in Tier 1 capital, $51.3 billion in total market capitalization, and $217.29 billion in total assets, and is a world-class bank in 57 major countries around the world. ”

After comparing several major data, Wang Zheng thought for a while and said: "The numerical growth rate of total assets far exceeds the Tier 1 capital and total market capitalization!"

"Yes boss. Since January this year, East West Bank has taken over 319 tons of gold from you, and the gray income from Uncle Zhong ~ drugs, arms, seizures and other gray revenues totaled 11.25 billion US dollars. Because both are windfall profits, East West Bank's savings will increase by about $20 billion over the next five years. In addition, with this money, we have acquired 27 large and small banks in Southeast Asia and Dongying. But in the future, East West Bank's expansion will slow. ”

"Tier 1 capital adequacy ratio?" Wang Zheng said.

"Yes!"

"Now our Tier 1 capital adequacy ratio is 9.5%, which is very close to the Basel Accord's standard that the core capital adequacy ratio of commercial banks should not be lower than 8%!"

Wang Zheng nodded knowingly.

Tier 1 capital, also known as core capital, is its own funds that can be used and disposed of by financial institutions in perpetuity. Obviously, this does not include the savings of residents and commercial establishments.

This means that the money that Wang Zheng deposited in East West Bank will not improve East West Bank's Tier 1 capital adequacy ratio, but only its total assets.

"Since the Tier 1 capital adequacy ratio is close to the warning line, when you make acquisitions in the future, you should go to those banks with relatively good capital conditions. With the support of LANDO, coupled with our own futuristic technological equipment, it is not difficult to do this. ”

"Yes, boss!"

"By the way, how much of Standard Chartered's stake has been acquired now?"

"We already have 11.8% in our own hands, Temasek Holdings has 15.2%, Mitsui has 4.5% in our hands, and the sovereign funds of other ASEAN countries have acquired 27.4%, which adds up to 56.9%, and we have achieved a controlling stake!"

Wang Zheng nodded, and after thinking for a moment, "Let's not move ourselves, and in addition, tell Li Yao to stop Temasek." Mitsui and ASEAN's sovereign funds can continue to buy, but not too quickly. I don't want to see Standard Chartered's share price rise too high because of our acquisition. ”

"Yes!"

"Boss, how many shares do you think we are acquiring the right amount of shares?"

"At least 80 percent or more. In the future, East West Bank will be the largest commercial bank in the whole of ASEAN, Dongying, and even more countries, with a bright future and a bright future, and cannot let the biggest profits be shared with outsiders. ”

"Understood!"

"Alright, that's all for East West Bank. Next, Wang Yuan, you will introduce the situation of Times Holdings. It's been a long time since I've seen your specific business information. ”

Wang Yuan nodded. Compared to East West Bank, which has six subsidiaries and more than 100 brands, the situation is much more complicated.

"At present, the most profitable time group is still Meixin Food Group, counting the 'pine house' acquired by the boss in Dongying. Today, Maxim's Gourmet Group owns a total of nine catering brands, including Baiweiju, Taoyuan Western Food, Fat Cow Western Food, Yulong Cafe, Grandma Bridge Noodle Restaurant, Hanba Taste Buffet, Black Pearl Seafood Shop, and Little Sheep Hot Pot. ”

“… Among them, 'Baiweiju' has the largest number, and currently has 2,589 stores in China, ASEAN, Dongying, South Korea and other places. As of September, it has achieved a turnover of 55.7 billion Huaxia dollars and a profit of 12.9 billion. The 16-year development plan of Baiweiju has basically been completed ahead of schedule. ”

After listening, Wang Zheng frowned slightly, "Why is the revenue ratio so much lower than last year?"

"Boss, since Baiweiju has the investment of Ma Yun, Cai Chongxin and Wang Ying, its operation has been completely formalized. In addition to the national taxes such as business tax and corporate income tax, Barilla also needs to pay cash to purchase raw materials for vegetables and meat from Taoyuan Farm. Moreover, the vegetables in Taoyuan Farm are all pollution-free pure green vegetables, and the price will be four or five percent higher than that of ordinary vegetables.

"I forgot about this stubble!" Wang Zheng suddenly laughed, "The profit has dropped so much all of a sudden." I hope Brother Ma doesn't blame me for cheating him about his investment!"

"The boss was too worried. Even now the revenue ratio of 'Baiweiju' has declined, but it is also a lucrative catering company in China. I don't know how many people want to invest but can't get the opportunity!"

Wang Zheng nodded, "I know the situation of Baiweiju, let's talk about the rest!"

"With the exception of Barilla, Matsuya has the largest number of stores, with 1,789 stores in East and Southeast Asia. After using the raw materials of 'Taoyuan Farm', the revenue has increased significantly. Combined with the revenue of the previous half year when we took over, if converted into Huaxia currency, Matsuya Nikge's revenue so far is 18.9 billion Huaxia yuan, with a profit of 3.47 billion Huaxia yuan. ”

"Not bad, go ahead!"

Wang Yuan nodded, "In addition to Baiweiju and Songwu, the number of Fat Cow Western Food, Yulong Cafe, Grandma's Bridge Noodle Restaurant, Hanba Taste Buffet, Black Pearl Seafood Shop, and Little Sheep Hot Pot is not much different, basically around 1,000, with a revenue level of 80~15 billion Huaxia Yuan, and a profit of 25~4.5 billion." Because Taoyuan Western Restaurant focuses on high-end, there are only about 327 stores at present. However, the revenue reached 17.6 billion Huaxia dollars, and the profit ratio was relatively high, at 5.46 billion Huaxia dollars. After a pause, "Boss, in order to further expand the market, I plan to create three new brands: 'Teppanyaki', 'Thai Food' and 'Indian Cuisine' while continuing to expand the group's existing nine catering brands." ”

"Tell me what you think?"

"Yes, the establishment of 'Teppanyaki' is mainly due to the current domestic love for this form of catering. Moreover, teppanyaki is relatively profitable. As for 'Thai cuisine' and 'Indian cuisine', they are two cuisines that have a relatively high audience at home and abroad, in addition to Chinese food and Japanese food. With them, we are also able to enrich our lineup of food and beverage brands. … Boss, Taoyuan Farm has guaranteed our advantage in catering raw materials, so we should expand our share in the world catering industry with this advantage. After all, this is a trillion-dollar supermarket!"

After a little consideration, Wang Zheng nodded, "Since you have this heart, then I naturally support it." However, the newly established two brands of 'Thai food' and 'Indian food' should no longer open stores in their own countries, so as not to conflict with 'Barilla'. ”

"I understand!"

Wang Yuan nodded.

The business strategy of Barilla is to operate Chinese food in Huaxia, Japanese food in Dongying, and Korean food in South Korea, following the local catering form of the host country. The reason for this is that it is easier to operate and make more profits by considering the local dining habits. On the other hand, he didn't want to conflict with those Chinese who made a living from Chinese food abroad. It is not easy for Chinese, and it is even more difficult to live under the exclusion of the local society.

Wang Zheng waved his hand and motioned for him to continue.

"The next most profitable department store is Times Department Store, due to the convergence effect of high-quality catering, the customer flow of each of our department stores exceeds that of the same industry in China. Comparatively speaking, the revenue is also relatively high. At present, in China, we already own 395 Golden Eagle shopping centers, most of which are leased properties. As for the number of 'Times Square', the number is much smaller, through acquisitions, there are currently only 62. All these stores, with a total revenue of 51.2 billion Huaxia dollars in three quarters, a profit of 12.5%, and a profit of 6.4 billion Huaxia yuan!"

For the profits of Times Department Store are so low, Wang Zheng is also prepared. After all, taxes, staff salaries, property leasing, and purchases are all expenses, plus the impact of e-commerce. To be able to achieve this figure is already very good compared to the same industry in China. And nearly half of them are less than a year old.

"Behind the Times Department Store is the 'Times Mall', with the expansion of the logistics system and the offline 'Times Department Store', although it has only been established for one year, the online turnover of the 'Times Mall' has reached 84.52 billion Huaxia dollars, and the net income is 42.8 billion Huaxia Yuan. Today, we have surpassed Vipshop and Dangdang to become the fifth largest B2C e-commerce site in China, behind Taobao, Tmall, JD.com and Suning.com. ”

"However, our 'Times Mall' relies on the 'Times Department Store', which is expanding rapidly offline, and the increasingly perfect logistics and distribution system. In half a year at most, it will be able to surpass Suning and achieve the goal of market revenue of 150 billion Huaxia coins. In two years at most, we will be able to compete with JD.com. When the number of offline stores of our 'Times Department Store' exceeds 1,500, and the logistics service circle of delivery within three hours in urban areas and six hours in suburbs is truly realized, 'Times Mall' will be able to distinguish itself from Taobao and Tmall. ”

After listening, Wang Zheng nodded, "I'm very pleased that you can have this kind of plan and confidence." However, Taobao and Tmall have become a big trend in China. If you want to surpass them, you have to find another way!"

"What does the boss mean...?"

"ASEAN and Dongying. In ASEAN, in particular, once the fourth phase of the 'Golden Triangle Plan' is achieved, a supermarket with an area of more than 5 million square kilometers and a population of nearly 700 million will truly take shape. This is a hot land where the Internet economy is in the ascendant. We're going to get it ahead of everybody!"

"Boss Mingjian, with the revenue of today's Times Group, it is not easy to achieve domestic goals, and taking into account ASEAN and Dongying is only afraid of funds...!"

"You don't have to worry about the funds!" he waved his hand to interrupt him, "Taiyi Lao Dao has done a good job in the Middle East. In addition, the 'Golden Triangle Project' can bring us more than $20 billion in net profits every year. In addition, when the control of the 'Lantang' over ASEAN and Dongying becomes more and more stable, and with the support of the taxes of these countries, are we still worried about running out of money?"

“… Therefore, the next thing you have to consider is how to expand as quickly as possible while ensuring that there is no chaos within the 'Times Group'!"

"Boss, since we have 'Lantang' as the backing, why don't we just 'close the door and enjoy the market exclusively'?"

"Do you think I don't want to do this?" After a pause, Wang Zheng continued with a slight frown, "Counting the newly joined Papua, there are a total of eleven large and small countries in ASEAN, and five years is too short to pinch these large and small countries with different customs, languages and cultures into one country. When we have not yet been internally integrated into a whole, we begin to exclude the outside world, which will do us no good except to cause internal and external hardship and eventual destruction. ”

“…… Also, you have to know that it's not about controlling a country. Economic benefits are secondary. The temporary concession is for a better future in 30 years and 50 years. ”

"Boss, what I said is very true, I am too far-sighted and too shallow!"

"It's not that you're shallow, it's just 'not in your position, you don't seek your own politics'. However, although we cannot use coercive means to drive out competitors, with political support, we naturally have more advantages than Alibaba, JD.com, and Amazon. And your task is to turn that advantage into a victory as quickly as possible. ”

"Yes!" Wang Yuan nodded respectfully, "Boss, if funding is not a problem, I would like to contact the vertical e-commerce companies such as Jumei Youpin, Dangdang.com, and Vipshop, if they can be acquired, it will save us a lot of energy!"

"Yes, it's up to you how to do it. If you don't have enough funds, I'll give you your back!"