Thursday, January 23rd.

The Hong Kong government issued an announcement to sell the Overseas Trust Bank to Octopus Financial Group for 2.5 billion in cash.

For a time, Hong Kong and Kowloon shook.

The media have conducted verification and interviews, and have made a large report:

Octopus Financial Group is a subsidiary of Octopus Holdings, a wholly-owned company of Mr. Lam Cho Fai.

The transaction did not involve China Commercial Bank, i.e. all funds were disbursed by Mr. Lin Zuhui's personal funds.

In 1988, the Overseas Trust Bank turned a profit, making a profit of 270 million yuan last year (1991), and the cumulative loss has been reduced to 2.15 billion yuan.

After the completion of the transaction, Octopus Financial Group will have two banks – China Commercial Bank (Hong Kong) and Overseas Trust Bank; There are 75 branches, second only to the Bank of East Asia, ranking second among Chinese banks; With a total of 19.1 billion deposits, it ranks behind HSBC, Bank of China, Hang Seng and Bank of East Asia, and more than Standard Chartered Bank.

For the rapid development of Octopus Financial Group, the media have also reported that no one can copy it, because Mr. Lin Zuhui took out 7.5 billion Hong Kong dollars in cash.

For a time, Lin Zuhui's financial resources were once again talked about by the citizens of Xiangjiang, and they were spread overseas.

Kowloon, China Commercial Bank Building.

The senior management of Octopus Financial Group held a meeting with Lin Zuhui in the conference room.

Also attending the meeting were Li Rongheng, chief executive officer of the Overseas Trust Bank, and several senior executives of the Overseas Trust Bank.

The president of Octopus Financial Group is a Chinese named Liu Guoquan; The vice presidents are He Changhong and British Dilles.

Among them, Ho Cheong Hung is the Chief Executive Officer of China Commercial Bank (Heung Kong) and will also be the Chief Executive Officer of the soon-to-be-born Octopus Bank.

Although there are some foreign executives in the entire Octopus Group, they mainly do consulting work, ensuring that Octopus Bank does not have the common problems of family banks, and giving the company the philosophy and experience of Western banking operation (for reference, not copying).

In other words, although Lam Cho Fai is the sole shareholder of Octopus Bank, Octopus Bank is still required to operate and operate in accordance with the rules and regulations of the Bank of Hong Kong and the general standards of international banking.

Octopus Bank cannot be considered as Lin Zuhui's personal bank, otherwise problems will occur sooner or later, which is not conducive to development;

Therefore, when the time is ripe, Lin Zuhui will organize it to go public.

It is only by going public that Octopus Bank is essentially a public bank.

Of course, the Lin family can still influence Octopus Bank through Octopus Financial Group, and it is not completely handed over to outsiders.

At the beginning of the meeting, Lin Zuhui, as the chairman of Octopus Financial Group, took the lead in saying: "The first task for the two banks to complete the merger and change their names this year. Ho Cheong Hung, Lee Wing Hang and Lee Wai Min, the three of you are the heads of the 'Bank Consolidation Group', with Ho Cheong Hung as the Chief Executive Officer and Lee Wing Hang and Lee Wai Min as Executive Vice Presidents. ”

"Yes, boss!" The three of them immediately replied.

Lin Zuhui also said: "Liu Guoquan led the Octopus Financial Group to support and supervise them to ensure that nothing goes wrong and there are no mistakes! ”

Liu Guoquan nodded and said, "Okay, boss!" ”

Mr Lam continued, "Octopus Bank itself has become a major Chinese-funded bank in Hong Kong, and it stands to reason that there is no need to find a big backer like a small local Chinese-funded bank. However, Octopus Bank itself has such a big backer as me, so the loan-to-deposit ratio can be slightly higher, setting it at 49%. ”

For example, the Bank of East Asia and the Bank of Hang Seng are generally below 50%, while the Bank of East Asia is only 43% and the Hang Seng Bank is 45%.

The fall of Chinese-funded banks has also scared the courage of some small banks, such as Wing Lung Bank, whose loan ratio is below 40%.

However, Lin Zuhui feels that he has Hengjin Investment and family office as guarantees, and the 49% deposit-loan ratio is already conservative; Once a run occurs, Lin Zuhui can raise 5 billion in a few days without a problem.

What's more, every run is caused by 'external factors', and Lin Zuhui knows that only the Asian financial crisis will cause a banking crisis.

In that case, be a little bolder.

Ho Changhong said: "49% is not very high, compared with more than 90% of Hong Kong base, it is completely insignificant. The boss's reputation is outstanding, and the private investment company invested in Hengjin, and the deposit and loan ratio of 49% is still very safe. ”

The Hong Kong-based bank is indeed fierce, with deposits of 6 billion and loans of 5.6 billion, leaving only a little cash for backup.

Of course, in the event of a run, with the support of Arab banks and backed by petrodollars, there will be no danger.

Last year, the outbreak of the China Commercial Bank caused a run on all banks with Middle Eastern backgrounds. But Hong Kong-based Bank is still surviving, and now it is still 'doing its own thing', lending a lot of money, isn't it supported by 'Ah Xing'!

Then, Lin Zuhui said: "When you lend, pay attention to the fact that the mainland is opening up the market more vigorously, and at that time, we real estate developers and factory owners will soon invest in the mainland on a large scale, and we can consider loans in this regard, which I think is very guaranteed." ”

Everyone didn't doubt Lin Zuhui's vision, so they nodded in agreement.

Then, Lin Zuhui stopped speaking and let professional people continue the discussion, while he took paper and pen to record, which was regarded as learning.

When Octopus Financial Group reached a deal with the Hong Kong government, Lin immediately asked the heads of each branch to be vigilant to see if any depositors withdrew their deposits because they were worried.

Theoretically, it will not be, after all, Lin Zuhui's reputation in Xiangjiang is excellent, and he directly bought it with cash.

But he won't take it lightly!

Of course, this week, Hengjin Investment successfully closed its position from foreign exchange and cashed out 4.95 billion Hong Kong dollars in cash, which is the confidence.

Even if 2.5 billion Hong Kong dollars are spent, there will still be 2.45 billion left.

In addition, Lin Zuhui also deposited 1 billion in the National Commercial Bank, a full 3.45 billion in cash.

Hengjin Investment invested 440 million yuan in the May futures index and bought 10,000 futures index contracts, and more than 1 billion yuan will be withdrawn at that time (the stock market soared due to mainland factors).

For a while, Lin Zuhui's pockets bulged, and his confidence increased greatly.

On Saturday morning, Lin Zuhui held a meeting with senior management staff from New Era Group (Huaxia).

New Era Group (Huaxia) is in charge of real estate investment projects in the Mainland, including development of real estate (sale), investment real estate (rent collection), infrastructure, excluding ports, retail, beverages and other industries.

At the meeting, Lin Zuhui said: "President Lu, immediately lead a team to the mainland, prepare to set up offices in Yangcheng, Modu, and Beijing, and recruit local employees. ”

Lu Donglai was shocked, and it was finally his turn to appear!

Although he has always been the core senior management of New Era Group, his position has been changing, and in the past year, he has only been the director of the group and the president of New Era Group (Huaxia), which is more or less a fictitious position.

Now, New Era Group (Huaxia) is finally going to invest in the mainland on a large scale, according to the boss, the mainland investment will account for 20%~25% of the group. Therefore, New Era Group (Huaxia) has a lot to offer.

"Okay, we'll be ready by the middle of this month, and we'll be on our way next Monday!"

Lin Zuhui nodded and said, "Okay, time is money!" I estimate that I will go to the mainland in March, and I will discuss a lot of cooperation projects with the local government, so I hope you are well prepared. At the same time, you also have to take the initiative to find more real estate projects, and then discuss and approve them. ”

Lu Dong said: "Well, when we set up an office, we will understand the local policies and regulations, be familiar with the local environment, and be fully prepared for the next investment." ”

Noting it down, Lin Zuhui appointed the heads of the three offices and encouraged everyone.

Beijing also wants to make 'Central Plaza', but considering the unpleasant and loss-making situation of 'Oriental Plaza' in the previous life (Li Chaoren said that 80% of the projects in the mainland were smooth, while Oriental Plaza accounted for more than 10% of the unsatisfactory);

Therefore, Lin Zuhui planned to develop Sanlitun, according to the model of Taikoo Li in the previous life, and the building was set at ten floors and two floors underground.

The water in the capital is too deep, and although Lin Zuhui's status is higher than Li Chaoren, even if the person at the top agrees to him, the people below will give birth to all kinds of moths. But if he gives up a large-scale commercial project in the capital, Lin Zuhui is a little unwilling, not because he wants to make much money, this is a matter of influence.

Therefore, Sanlitun is exactly right for his idea, as long as it is well developed, where Central Plaza is, it is the commercial center of the city.

In the previous life, Taikoo Li Sanlitun was more profitable, it was composed of 19 low-density buildings with about 10 storeys, Lin Zuhui happened to go to play, not to mention referring to the exact same design, but at least it is also a reference.

On Saturday night, the Lin family gathered at 75 Deep Water Bay for dinner.

During this period, Lin Zuhui announced a shocking news.

"Recently, I will give each of you 100 million in cash and arrange for you to invest!"

As soon as the words fell, the faces of the women smiled!

"Long live Brother Hui!"

For a while, rave reviews!

Last year's investment of 60 million yuan has risen directly to 100 million this year!

This year, the living expenses of the women will be distributed by the family office, and each member of the Lin family will be 1 million per month; For example, Guan Jiahui has two children, and together with herself, she has 36 million living expenses a year.

Of course, if you only have one child, you only have 24 million living expenses left every year.

As the main room, Wang Lingyin has been communicated by Lin Zuhui, and Lin Zuhui directly told her that because she had only earned 3.3 billion in foreign exchange, she made this decision.

Wang Lingyin knew that this man could really make money, so he didn't have any ideas in his heart! Besides, these women are related to her husband's overseas layout, so she is against it, and it has no effect.

Lin Zuhui accepted everyone's flattery with satisfaction, as for the investment project, he had actually thought about it, that is, to invest in Microsoft and Best Buy stocks; Anyway, it should be less than $100 million in cash, and it is also the account of seven women, which is still pediatric for Microsoft's market value of $13.5 billion.

Hengjin Investment owns 2% of Microsoft's shares, but has been treated as an offshore company; The family office has 2% Best Buy stock and also does offshore company processing.

By the end of 1999, Microsoft still had more than 40 times the room for appreciation, which was enough for these women to make a lot of money!

As for next year, Lin Zuhui will give them another 100 million yuan to invest in commercial office buildings in Los Angeles and London.

It is not so much that Lin Zuhui is buying assets for these women, but that Lin Zuhui is buying assets for his children.

(End of chapter)