Chapter 387: Regiment Leader
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The first thing Xu Cun did was to take out 3 billion Hong Kong dollars from the Baye Bank to buy shares of major real estate companies in Hong Kong.
This time, Xu Cun did not use leverage, because there was no need for it at all - there were not so many stocks in the Xiangjiang stock market at all.
The negotiations between China and Britain have come to an end, and many people have analyzed that the stock market in Hong Kong is about to pick up, so there are many people who dare to fight hard to buy stocks in the Hong Kong stock market.
Of course, Xu Cun is the only person who dares to say that he has the strength to take out three billion Hong Kong dollars to sweep stocks like Xu Cun.
However,
Using 3 billion Hong Kong dollars to speculate in stocks is definitely a shocking amount for others, but for Xu Cun, using 3 billion Hong Kong dollars to speculate in stocks without leverage is just to make a little money with the money of Baye Bank.
Xu Cun is very glad that he founded the Baye Bank, otherwise he would not have been able to raise three billion Hong Kong dollars in such a short period of time after he had just bought Twentieth Century Fox Film Company, a large number of oil stocks, and six local television stations in New York, Los Angeles, Chicago, Houston, Dallas, and Washington.
In view of the fact that Baye Bank is so easy to use, Xu Cun still let Baye Bank expand aggressively when he has almost no funds in hand!
Taking advantage of Xu Cun's acquisition of Twentieth Century Fox Film Company and six local television stations in New York, Los Angeles, Chicago, Houston, Dallas and Washington, Baye Bank opened ten more branches in Hong Kong.
And that's not all.
Baye is very good, and it also used depositors' deposits to acquire Jiahua Bank and Wing On Bank, completing further expansion.
Ka Wah Bank is a long-established bank that has been operating in a robust manner. However, after the death of the founder Lin Zifeng in 1971, his descendants had no intention of running it. As a result, in 1975, the controlling stake of K. Wah Bank was acquired by the family of Singaporean overseas businessman Liu Cansong. After that, KWC expanded rapidly and was listed on Hong Kong in 1980.
K. Wah Bank's customers have always been mainly overseas Chinese in Southeast Asia, and the Hong Kong industry has not known much about it and has always been wary, so K. Wah Bank is an old lady who is going to be a good old lady for the New Year.
Last year, when Hang Lung Bank was almost taken over, K. Wah Bank's deposits were also affected.
This year, K. Wah Bank's shareholders' equity is HK$53 million, and its accumulated bad debts are as high as HK$54 million, in fact, K. Wah Bank has gone bankrupt.
In order to get out of the predicament, K. Wah Bank began to negotiate with the powerful and eager to expand Baye Bank about the transfer of shares.
The Liu brothers, who are facing the trouble of being suspected of fraud, are of course willing to find a powerful next home for the source of the trouble. Therefore, the Liu brothers not only sold all the shares they held in Jiahua Bank to Baye Bank, but also cooperated with Zheng Haiquan to make a situation in which Jiahua Bank was about to collapse, so that Baye Bank could take back all the shares in the hands of other shareholders and retail investors.
Wing On Bank is an established local bank founded by Guo Quan, the founder of Wing On Company, a well-known company in Hong Kong. For decades, the business style has been conservative, and it has been able to stand tall and sound in many banking waves in Hong Kong.
This year, there was a scandal in Yongan Bank, in which Kwok Chi Kuang, the third generation of the Kwok family, who was the general manager, embezzled US$10 million from the bank for his own use, so that Yongan Bank suffered heavy losses because it could not recover the loans it had lent to the bank's directors and executives, and the bank's capital went into a negative value.
It was also taken advantage of this opportunity that Baye Bank acquired Yongan Bank as a wholly-owned company.
After the acquisition of Jiahua Bank and Yongan Bank by Baye Bank, these two banks were directly merged into Baye Bank, which expanded Baye Bank by nearly one-third and became the fourth largest bank in Hong Kong in one fell swoop.
In addition to its local expansion in Xiangjiang, Baye Bank has begun to look overseas.
First of all, after discussing with Xu Cun, Zheng Haiquan is actively contacting the mainland and preparing to build branches of Baye Bank in Shanghai, Guangzhou, Shenzhen, and Wuhan.
Secondly, Zheng Haiquan is actively planning to establish branches of Baye Bank in the United States, Japan, Canada, Australia, Switzerland, France, Germany, Malaysia, Singapore, Indonesia, the Philippines, Thailand, Mexico, Bermuda, Necke Island and other places.
Honestly-
The Baye Bank's steps are indeed a bit big, and if it were to be replaced by other banks, it would have to be a joke.
But-
With a lot of benign assets and huge prestige, and most importantly, Xu Cun, who has the foresight, owns the bank that is not another bank.
And now is the best time for the expansion of the hegemony industry.
That's why Baye Bank is expanding so aggressively.
……
End of May.
The annual "Miss Phoenix" is back in action.
At the same time, "Miss Hong Kong" also restarted.
is the same as Xu Cun's prediction in advance - once "Shanghai Tang", co-produced by Phoenix Channel and TVB, was released at the same time on Phoenix Channel and TVB, in prime time, TVB's ratings immediately surpassed Phoenix Channel, and the average ratings of Phoenix Channel and TVB became six to four in a short period of time.
What made Xu Cun most uncomfortable was that the two leading actors of "Shanghai Tang" - Zhou Yunfa and Zhao Yazhi were personally invited by him.
In other words, TVB's salted fish turned over was caused by Xu Cun.
In this regard, the top and bottom of Phoenix Terrace, especially Zhou Liang Shuyi and Xu Xiaoming, are full of complaints about Xu Cun.
But what if there is a complaint?
Phoenix TV is wholly owned by Xu Cun, and the development of Phoenix TV into today's No. 1 TV station in Xiangjiang is mainly due to Xu Cun.
At present, the only thing Zhou Liang Shuyi and Xu Xiaoming can do is to do their best to firmly trample TVB under their feet.
Now, the battle between "Miss Phoenix" and "Miss Xiangjiang" can be regarded as the battle between Zhou Liang Shuyi and Xu Xiaoming and Shao Yifu and Fang Yihua.
And the focus of the fight between Zhou Liang Shuyi and Xu Xiaoming and Shao Yifu and Fang Yihua is focused on one person, this person is the champion of Hong Kong sisters in the last 84 years - Gao Lihong, that is, Hong Jinbao's future wife.
Gao Lihong's father is Australian and her mother is Chinese, so Gao Lihong has a beautiful appearance that combines Chinese and Western.
Today's Goryeo Red is definitely a charming beauty, and it is not an exaggeration to use the words 'Peerless and Glamorous' to describe the beauty of the current Goryeo Red.
It can be said that if Gao Lihong participates in "Miss Phoenix", Zhou Liang Shuyi and Xu Xiaoming will win, and vice versa, Shao Yifu and Fang Yihua will win.
From this, we can see how beautiful the current Korean red is.
But-
The current Goryeo is beautiful and beautiful, but Xu Cun is not interested in her at all.
Not only is he not interested in Gao Lihong, but Xu Cun is not interested in the beauty pageants of the entire eighty-four years.
In addition, the mainland hopes that Xu Cun can serve as the head of the Xiangjiang business delegation to Beijing, and help the mainland invite some well-known figures from the business community to go north together.
Therefore, Xu Cun didn't go to see the beauty pageant in '84 at all.
……
(To be continued.) )