The night weather in Hong Kong in late October is already quite cool. Pen, fun, pavilion www. biquge。 info

Leaning on the rocking chair in the garden, looking at the starry sky, and sipping a pot of tea, Zheng Fan slowly closed his eyes until he was slightly tired.

"Boss, President Ji Er and Minister Ruan Yuan will come over tonight, their trip to New York seems to be quite smooth, and Dafu Bank has signed an over-the-counter equity transfer contract with American International Group on New York Life." Keika Yoshii took a thin blanket and covered Zheng Fan's lower body.

"Yoshii, you should know that the Japanese group was hit hard by Dafu Bank, right?" Zheng Fan asked with his eyes closed.

"I'm just an assistant, I don't have anything to do with the Japanese chaebol, and from the point of view of changing my nationality, the boss's idea is not so narrow." The Japanese girl just gave a very simple answer.

Although Zheng Fan intended to involve Keika Yoshii in the company's affairs, he never communicated with her in detail.

"Di~~~"

The sound of the car horn sounded outside the big iron gate, and as the lengthened Lincoln entered the rich house, Zheng Fan rubbed his face.

"Bang!"

Ji'er and Ruan Yuan got out of the car together and soon saw Zheng Fan in the garden.

"This mansion occupies a lot of land, and it is quite comfortable to enjoy the shade in the garden at night." Ji'er seemed to be in a good mood, and commented on Ruan Yuan's rich family.

"Boss, it took four days to go to New York this time, and we have successfully completed the task." Ruan Yuan came to Zheng Fan's side and took out an equity transfer contract first.

"M&A has achieved brilliant results, which is an irrefutable truth in the development of any industry, and this time AIG has won our stake in New York Life, and the pattern of American insurance giants dividing the world will also change again!" Zheng Fan said with a faint smile while looking at the contract.

"The transfer price per share has reached $17, we are selling at a profit, there is nothing to regret, and the growth of the U.S. insurance industry in recent years is not too ideal, and holding the equity of New York Life for a long time may not be a good thing for us." Ji'er still maintained her opinion.

"If that's what you say, then why did AIG take over our stake in New York Life?" Zheng Fan got up slowly and motioned for Ji'er and Ruan Yuan to sit at the small stone table.

"It is estimated that the main reason is the position of the largest shareholder, and the continuous rise in the share price of New York Life, back to the $20 integer mark, has also prompted AIG to increase the purchase price." Ji'er's response can be reasonable.

"This is just the appearance, the insurance companies in the United States, the more famous are the American International Group, Allstate, Hewlett-Packard, Hartford Financial Services, MetLife, Prudential Financial, New York Life, the American Teachers Retirement Fund, St. Paul Travelers Insurance, and Massachusetts Life, which is the most important American International Group, it is the leader in the entire industry, and the investment structure of other insurance companies is different, the investment holdings of American International Group, most of them are the equity of major insurance companies." Zheng Fan said with a faint smile.

"AIG does have a plan to plan a large financial consortium, but instead of holding equity in other insurance groups, it is better to target banks, after all, the influence of non-bank institutions is always worse." Ji'er shook her head, not too optimistic about AIG's strategy.

"Speaking of these insurance groups listed on the New York Stock Exchange, these two years can be regarded as their winter, with the economic development of the United States in recent years, social contradictions have become more and more prominent, different from other industries in the process of economic growth, the insurance industry, which focuses on relying on social order, has not enjoyed the fruits of the rapid development of the American economy in the past two years, coupled with the accident of New York Life and MetLife, most insurance groups will inevitably have a bad time." Zheng Fan smiled a little meaningfully.

"Yes, in the context of the increasingly prominent social contradictions in the United States, the growth rate of the entire insurance industry has slowed down, and until now, this situation has not changed." Because of the equity relationship of New York Life, Ji'er has obviously done some research on the insurance industry.

"There are many reasons why the insurance industry has been so sluggish in the past two years, the growth of new individual insurance orders has slowed down, it is difficult to increase the number of agents, the competition between companies tends to be fierce, the comprehensive cost ratio has increased, the underwriting profit has declined, and a large number of profits and losses on asset impairment have broken out, which has caused the insurance industry to be weak, but one thing you have to see is that the current US interest rate is constantly lowering is the background." Zheng Fan took a sip of tea and looked very calm.

"Is the boss saying that a proactive fiscal policy will prompt an inflection point in the recovery of the entire insurance industry?" In the face of the stock market situation, in fact, Ji'er is not sure whether the transfer of New York Life's equity is right or wrong.

"For the change of interest rates, insurance is also a quite sensitive industry, and the entire insurance industry after two years of downturn, the risk has been fully released, this New York Life and MetLife accidents, will inevitably attract the government to make great efforts, in the future to regulate the order of the entire insurance industry, this fuse, is likely to usher in an explosive growth for the insurance industry, it is estimated that the American International Group is aware of the potential changes in the entire industry, will dare to win the position of the largest shareholder of New York Life." Zheng Fan pondered his words and said.

"Although the insurance industry in the United States started relatively early, I think that compared with the traditional industry, the insurance industry is still fresh, and it is not an exaggeration to call it an emerging industry, this industry should be able to reflect a substantial profit growth that exceeds the economic growth rate for a long time in the future, and the scale of the industry will expand hundreds of times, if it is placed in the entire capital market, this sector will not be much worse than the influence of the banking sector." Ruan Yuan's statement made Ji'er a little surprised.

"The mysterious capital that was used to buy New York Life Insurance with us and entered the shares of affiliated groups has not ended its operation yet, right?" Zheng Fan seemed to remember something, and asked Ji'er with a smile.

"Indeed, the stocks of several large groups are still speculating, and the stock market is also very good, after we signed a share transfer with the American International Group, the stock price of New York Life soared to $23, which means that as soon as the American International Group took over, there was a profit of $7." It was only then that Ji'er began to doubt the purpose of the American International Group.

"Regardless of how much AIG makes, it's at least a win-win situation, and we're happy with the price of the transfer of New York Life's shares." Zheng Fan sat on the stone ancient pier and said with a smile.

"We hold 1.5 billion shares of New York Life, with an average cost of $10.23 per share, and this transfer to AIG through an over-the-counter block transaction is $17 per share, even if we discard various expenses, the earnings per share are $6.5, and the total income of 1.5 billion shares has reached $9.75 billion, which needs to be calculated in detail by Director Ye Qian." Ji'er rolled her eyes and said.

"The equity of New York Life has been tossed for more than half a month, and President Ji'er and Minister Ruan Yuan have also worked hard, why don't you stay and have a meal together in the evening to show your gratitude?" Zheng Fan lit a cigarette and smiled.

"It's rare to see the boss, so it's a bother."

Ji'er motioned for Meguma Yoshii to serve the food, not polite at all.

"The matter of New York Life is over, what else do you want to communicate?" Zheng Fan asked playfully.

"Before that, the bank's planning for the European region, I thought the boss would not change his mind." Ji'er looked a little curious.

"You can't do anything, it's useless to rush up, I admit that your reminder did make me realize that expectations for Russia are a little too high." Zheng Fan was very calm, and there was no intention that the plan would fall through.

"In fact, in terms of development time, from the boss's acquisition of Tatfook Bank, to this extent, it is not simple, the return of funds from this equity transfer, our current cash flow is very sufficient, and we can plan the next opportunity." From Ji'er's words, I couldn't tell whether it was admiration or inquiry.

"Climbing to the top of the capital market overnight is destined to be a legend, the collapse of the Soviet Union has achieved the myth of capital operation in the West, and it is indeed difficult to repeat it!" Zheng Fan sighed and said.

"The boss is already so rich, do you still dream of getting rich overnight? I think what the current Dafu Bank needs is stable development. Ji'er reminded at the right time.

"Do you mean to be based on the main business and form a sustainable expansion?" Zheng Fan somewhat understood what the blonde girl meant.

"This is really my main job in the future, although as a privatized bank, it will be difficult to expand, but if there is an opportunity, I will ask the boss to acquire some bank assets with many branches." Ji'er looked very solemn.

"Ji'er, can't you see the subsequent surge in the stock price of New York Life from AIG's acquisition of our shares in New York Life? It is difficult for a privatized bank like ours to give people a sense of trust, and even if the expansion of operations reaches a certain level, there will be a so-called bottleneck effect, and the final result may still be far from your expectations. Zheng Fan smiled realistically, making the blonde girl frown.

"Without imagination, we can create, and if privatization is not credible, we can also seek to go public, and many big international investment banks will have a process of asset redistribution." Ji'er tried to change Zheng Fan's thinking.

"Even the Rothschild Bank, which is now only shrinking to a corner of Europe, do you think our banks can do better?" Zheng Fan smiled and shook his head.

"If you are a listed bank, there are still opportunities for development, and if you are bent on privatization, you will not be able to let go of the interests in your hands, but will be hindered by the idea of being complacent." Ji'er had realized the problem at this time.

"Let me think about it again, it's useless for you to force me now." Zheng Fan interrupted Ji'er with a smile.

(The first one will be delivered, and there will be a little later.) ）