Chapter 298： Target Guangan Bank

"Boss, good morning!"

After seeing Xia Yu, Wang Qi immediately stood up and greeted respectfully.

Xia Yu nodded, and after sitting down, he went straight to the subject and asked, "Which bank did you find?"

"Boss, look, this is Guang'an Bank. This is the detailed information of Guang'an Bank."

As Wang Qi said, he gave the investigation report to Xia Yu.

After reading it, Xia Yu pondered for a while and found that it did meet the requirements.

In Hong Kong, there are hundreds of financial institutions, large and small, of which there are hundreds of banks alone, but most of them are small banks, accounting for about 75% of the total, and medium-sized banks accounting for 20%. Large banks accounted for about 5%.

Guangan Bank is a small bank, and its main business is commercial banking and asset management. It has not obtained securities issuance, insurance and other business chain licenses, but Guangan Bank has a subsidiary financial audit company.

Guang'an Bank was established in 1938 by the former municipal council member and chairman Mr. Liang Jiyi. After the death of Mr. Liang Jiyi in 1972, Dr. Liang Dingbang took over the family business.

According to historical development, Guangan Bank will be listed on the Hong Kong Stock Exchange in 1996 and acquired by the Singapore Development Bank in 1998. After that, it will be forced to delist and renamed dbs Guangan Bank. In 2003, the bank was merged into DBS Bank ( Hong Kong) Co., Ltd.

However, at present, Guangan Bank has a capital of about 200 million Hong Kong dollars, but a debt of 190 million Hong Kong dollars. The load rate is too high and the business situation is average. It has a total of 5 branches, located on Hong Kong Island, Kowloon, New Territories, Old Town and Singapore. However, the branch in Singapore was just established the year before, and the business is still in the pioneering period.

Although Guang'an Bank has many disadvantages and its business situation is not good, Xia Yu doesn't care at all, but is more satisfied, because the cost of the acquisition will be lower!

Don't forget Xia Yu's original intention to acquire a bank. The most important thing is to own a bank so that he can have a capital turnover center.

To put it bluntly, Xia Yu just needs a bank license!

But it takes a while to apply for a bank license, and Xia Yu doesn't want to wait.

Even if a license is obtained, it will take a while to start a new bank.

But now Xia Yu alone lacks time. He has no time to establish a bank from scratch. His plan is about to be executed, and he is stuck at the bank.

So owning a bank in the cheapest way became Xia Yu's first choice.

As for how poor the acquired bank was before, Xia Yu doesn't care, as long as it is not insolvent, he is not afraid!

For example, Guang'an Bank has a capital of 200 million yuan and a debt of 190 million yuan. The debt ratio is as high as 95%, which has exceeded the bank's normal debt ratio line of 92% or less, and net assets are left with 10 million Hong Kong dollars.

But Xia Yu didn't care at all. He has more than 1 billion Hong Kong dollars in funds. As long as he puts it in, the debt ratio of Guangan Bank can directly drop to more than ten percent.

And don’t forget that Xia Yu still has several large companies. If the capital turnover is also put in Guangan Bank, then Guangan Bank can definitely become a medium-sized bank, and it is not the bottom one!

As for the lack of licenses of Guang'an Bank, almost only the two licenses of commercial banks and asset management, Xia Yu did not care.

The fact that Guang'an Bank does not have this license does not mean that Xia Yu does not!

Jiuding Securities Co., Ltd. has almost all the licenses that Guang'an Bank lacks. As long as the acquisition is obtained, the two will complement each other. If they are more, they will be waste, and Xia Yu will have to pay a higher price.

Speaking of this, I have to talk about the difference between banks.

In the world, except for special institutions such as the World Bank, Central Bank, and Policy Bank, banks are mainly divided into two categories: commercial banks and investment banks.

The responsibility of commercial banks is to undertake credit intermediary financial institutions through deposit, loan, exchange, savings and other businesses. The main business scope is to absorb public deposits, issue loans, and handle bill discounts.

Generally, commercial banks do not have the right to issue currency. Of course, there are exceptions because of the specialities of some places. For example, HSBC and Standard Chartered Bank have the right to issue Hong Kong dollars.

The counterpart of commercial banks is investment banks.

Investment banks are non-bank financial institutions that are mainly engaged in securities issuance, underwriting, trading, corporate restructuring, mergers and acquisitions, investment analysis, venture capital, project financing, etc., and are the main financial intermediaries in the capital market.

Investment bank is the name of the United States and the European continent, the United Kingdom calls it a merchant bank, and in island countries and the mainland it refers to a securities company.

So in fact, Jiuding Securities Company owned by Xia Yu is an investment bank!

There are three main organizational forms of investment banks: one is an independent professional investment bank. There are more of this type of institutions, all over the world, and they have their own business directions, such as Goldman Sachs and Morgan Stanley in the United States.

The second is investment banks owned by commercial banks, mainly commercial banks through mergers and acquisitions of other investment banks, equity participation or establishment of subsidiary companies to engage in investment banking business. This form is very typical in countries such as Britain and Germany, such as HSBC Group and UBS Group. .

The third is that universal banks directly operate investment banking business. This form mainly appears in Europe. Banks are engaged in investment banking business at the same time they are also engaged in commercial banking business. This kind of business is relatively rare now, and it can even be said that there are almost few. After the United States implemented the "Financial Service Modernization Act" in March 1999, it would appear on a large scale.

Since the Glass-Steagall Act of 1933 in the United States, commercial banks must be separated from investment banking.

The purpose is to prevent commercial banks from harming the interests of depositors, transferring funds to investment and allowing depositors to take huge risks.

This system has been referenced and imitated by almost most of the world's active financial industry and developed countries.

However, since the 1970s, due to the development of mathematics, finance, statistics and other disciplines, as well as the development of technology and social changes, commercial banks have been struggling to operate, and many banks have fallen into business difficulties and collapsed.

Especially in 1997, the world economic crisis led to the gradual disintegration of this system.

In 2000, the Chase Manhattan Bank of the Rockefeller Financial Center merged with the J.P. Morgan Company of the Morgan Consortium, and several other banks were acquired one after another. Finally, an all-round hybrid group emerged.

The emergence of is the beginning. Countries such as Europe, America and island countries have set off a wave of bank mergers and acquisitions. In order to better respond to competition, all-round hybrid banks have emerged.

However, in this era, even in the special circumstances of Heung Kong, the all-round hybrid bank is not allowed to appear.

But Xia Yu didn't care either. After the acquisition of a commercial bank, Jiuding Securities was not allowed to merge with it. It didn't matter to Xia Yu.

Even if you really want to do it, imitate the second model, just like HSBC, let the commercial bank hold a part of Jiuding Securities Company's shares and hand over the business to Jiuding Securities Company.

But this is not necessary, because when the time comes to acquire a commercial bank, it will serve as the financial center of its subsidiaries, and the shares will never be transferred, so there is a left-handed relationship. There is no need to do anything extra, as long as he can implement his will.

After such analysis and consideration, Guangan Bank is indeed a very suitable target for acquisition.

Just don't know how difficult the acquisition is?

Thinking of this, Xia Yu asked: "Wang Qi, are you sure that the Liang family will sell Guangan Bank?"

Upon hearing this, Wang Qi nodded heavily and said, "I'm sure!"

"Boss, the Liang family did intend to make a move. I have asked someone to verify this news. There is a reason. I will report it to you."

"After the death of the old patriarch of the Liang family in 1972, the new patriarch Liang Dingbang is now in charge of Guang'an Bank. However, Liang Dingbang's volition is to be in politics. He has now obtained the qualification of a private practice barrister and is ready to join the Xiangjiang government for official career."

"And the Liang family has withered, and Liang Dingbang’s only younger brother has no financial talent. It is in this situation that Guangan Bank will develop into this way. Before the Liang family’s old patriarch, the debt ratio of Guangan Bank was all Around 90%, it won’t reach the current 95%!"

"So if we want to buy Guangan Bank, the Liang family should be willing to let it go."

After Wang Qi reported in one breath, he hesitated for a while, and still bit the bullet and continued: "Of course, Liang Dingbang intends to enter politics. With your strength as the boss, you can fully support him. When they disagree, if you throw With this condition, it should be no problem."

After finishing speaking, Wang Qi lowered his head in anxious manner, not daring to see the deep gaze of the boss Xia Yu.

Although his starting point is good, he is still a bit suspicion of overstepping anyway. Arranging the way for the boss is really wrong.

When Wang Qi finished speaking, Xia Yu looked at him tremblingly with a blank face, not knowing what he was thinking.

For a long time, when Wang Qi was about to be unable to hold it, Xia Yu said indifferently: "Let's not take it as an example!"

"Yes Yes!"

Wang Qi was pardoned, his head lit like a chicken pecking at rice.

In fact, Xia Yu was not angry, just reminded Wang Qi.

But having said that, Wang Qi's mind is really good, and his vision and outlook are even bigger.

Supporting Liang Dingbang is indeed beneficial to Xia Yu. Let Liang Dingbang become one of his ambassadors in politics. It is of great benefit to Xia Yu and can stabilize and expand his influence.

And now it can also be used as a condition for the Liang family to let go of Guangan Bank.

For Liang Dingbang, Xia Yu also remembered who he was. Later generations have served as the chairman of the Hong Kong Securities Regulatory Commission, the chief consultant of the China Securities Regulatory Commission, the assistant director of the Independent Commission Against Corruption, the Deputy Commissioner of the High Court, and Hua Xia Bank. , Independent non-executive director of China Life Insurance and Xinhua Insurance.

Therefore, this is a talent who has not yet emerged!

If he can be gathered under his command and let him become his own political agent, with Xia Yu's support, it is really possible to help him reach the highest position, the worst, the top three positions can also be imagined. UU reading www. uukanshu.com

At that time, if the political circles have the support of Liang Dingbang, Xia Yu's Jiuding enterprise is absolutely as stable as Mount Tai!

Of course, the premise is to be able to earn Liang Dingbang under his command!

"It seems that when we buy Guang'an Bank, we can ask him out to see you!"

Xia Yu thought secretly, taking this matter to heart.

"Wang Qi, the acquisition of Guang'an Bank is up to you. When it's critical, you can do as you say."

Xia Yu said lightly.

Wang Qi was overjoyed and immediately nodded and said: "Okay!"

"Be careful!"

Xia Yu reminded.

"understand!"

Wang Qi solemnly promised.