Dad was working hard, while Xiao Qi was wandering among the flowers, quite happy and reluctant to miss Shu.

There was no other reason. The two girls at night were so alluring that Xiao Qi suddenly fell in love with her. She just felt that it would be nice to live like this forever.

Ever since being hit hard by Ruby Nader, the U.S. stock market and futures market have not been able to catch their breath these days, and are still falling unswervingly.

The Hong Kong stock market is most affected by U.S. stocks, and the futures market is almost dependent on the U.S. futures market for survival, so their situation is also very bad, with the evaporation of market value exceeding tens of billions of Hong Kong dollars every day.

However, this matter has nothing to do with Xiao Qi. Even if Li Chaoren's Changshi Group falls into negative territory, that is their own business.

But some people think that this matter has a lot to do with Xiao Qi. He is Yu Minwei, the vice president of China Merchants Bank.

After receiving a call from Yu Minwei, Xiao Qi thought it was a coincidence and told him that he was in Hong Kong. In the evening, Yu Minwei came to visit with gifts.

He is a semi-official official, so the gifts cannot be too expensive, but a bottle of the best wine from the Bordeaux region, produced in 1972, is still very popular with Li Shaozhi.

Seeing the two heavenly-looking celebrities walking into the house hand in hand, even though Yu Minwei was not a womanizer, he couldn't help but give Xiao Qi a thumbs up: "Young master, how can you hide such a beauty in a golden house?"

For my sake, you are definitely the winner in life!"

"hehe!"

Xiao Qi and Yu Minwei were also acquaintances, so they didn't shy away from it and smiled, their satisfaction evident in their expressions.

"By the way, I haven't congratulated you yet. It is said that the old president is about to retire?" Xiao Qi changed the topic.

"What's going on?" Yu Minwei shook his head quickly, "Don't say it's Lao Xing, Elder Dang Yi Zhuang. Even if he is a little powerless now, I can't worry about his position!"

The old president they are talking about is Ma Hua, the second president of China Merchants Bank. Since joining China Merchants Bank in 1999, Ma Hua has brought a small regional bank to the fifth largest commercial bank in the country, second only to China Agricultural Construction Bank.

The Big Four Bank of China is definitely an amazing person.

It's just that MCA is 59 years old this year. Although this age is not a big deal abroad, because China Merchants Bank is a state-owned enterprise, there is still an age limit, and he will be able to quit front-line positions in three or four years at most.

In his previous life, the MCA president faded out of the management team at the end of 2012 and officially stepped down in May 2013. His replacement was not Yu Minwei, but a senior CCB executive from the capital.

But this life is different. Yu Minwei was already capable, especially in the public relations against Xiao Qi. He made great contributions. Not only did he draw tens of billions of dollars in credit lines for China Merchants Bank, but he also provided loans to Xiao Qi.

400 billion yuan, which was rated as a "classic" battle by industry insiders.

For now, the bank with which Fairy Company has the closest cooperation is also China Merchants Bank.

At least 50% of domestic and foreign accounts are handled. Xiao Qi came from China Merchants Bank, and the exchange area is reserved for China Merchants Bank. Even Xiao Qi's other major partner, China Construction Bank, was not able to grab any of it.

Therefore, many people in the industry have heard that MCA intends to retire early and leave the position of president of China Merchants Bank to Yu Minwei. After all, he is also one of our own, and it will be more secure to leave it to him.

Yu Minwei opened his mouth to deny it, but it was not what he really thought. He is over 40 this year and has no background at all, but who doesn't want to become a prince and dominate the world?

That is to say, Yu Minwei lacks a good opportunity now, otherwise he, who is already in charge of the main business, would be happy to see MCA become the president. - If he is not the president, MCA can still be the party secretary and trade union leader.

.He can also protect Yu Minwei for several years even if he holds positions such as seats.

In the view of MCA and Yu Minwei, China Merchants Bank's wholly-owned acquisition and merger of Wing Lung Bank, one of the top ten banks in Hong Kong, which has lasted for two years, is the best performance.

As long as Wing Lung Bank is successfully captured, no matter within China Merchants Group, the State-owned Assets Supervision and Administration Commission, or the People's Bank of China at the national level, they will not create much resistance for Yu Minwei.

Hong Kong is a tiny place, but there are hundreds of banks, large and small. This abnormal financial prosperity was once one of the symbols of Hong Kong.

However, although there are many banks in Hong Kong, they have not issued banking licenses since the 1980s. Therefore, whether it is a bank from Europe, America, Southeast Asia, or mainland China, if you want to enter the financial industry market in Hong Kong, there is only one way.

——Acquisition of existing Hong Kong banks.

This is what Bank of China and China Merchants Bank, the two banks that are mainly involved in Hong Kong, do.

Over the years, they have merged with more than a dozen Hong Kong banks, large and small, especially the Bank of China Group, which has become one of the four major note-issuing banks in Hong Kong, which can be said to be of great importance.

In comparison, China Merchants Bank's performance in recent years has been mediocre, and several small banks could not satisfy their appetite, so they chose Wing Lung Bank, one of the top ten banks in Hong Kong.

Wing Lung Bank is the largest private bank in Hong Kong. It has more than 30 business outlets in Hong Kong, a market share of more than 5%, and a return on capital of 13%. If you want to acquire it, it is indeed a good target.

But the problem is that China Merchants Bank is too impatient and its negotiation skills are not good enough.

In the previous life, the price they paid for acquiring Wing Lung Bank was based on 2.9 times the book value of Wing Lung Bank at the end of 2007. They gave an extremely high price of HK$19.3 billion and acquired 53.1% of the shares owned by the Wu family. This made the Wu family laugh.

I couldn’t close my mouth from ear to ear.

Such a high price also caused them to suffer a lot of losses when they later compulsorily acquired the remaining shares of Wing Lung Bank, but they did not announce it to the public.

Now Yu Minwei met Xiao Qi, and Xiao Qi happened to ask him to help acquire the smaller Guoxin Bank. Therefore, with both parties negotiating together, the Wu family's arrogance was not so arrogant at all.

The agreement to acquire 53.1% of the Wu family's shares was originally supposed to be reached on May 30 this year, but it has not yet been negotiated until mid-July.

The Wu family has lowered the price to HK$18 billion, but China Merchants Bank has not agreed, because the current total market value of Wing Lung Bank is only HK$28 billion, and the Wu family's 30% premium rate is still too high.

There are even two small shareholders who want a higher price than the Wu family, but Yu Minwei is still as stable as a rock.

As for Guoxin Bank, which is much smaller than Wing Lung Bank, it has an even lower profile. Their current market value has dropped to 22 billion Hong Kong dollars, but the price Yu Minwei estimated for them is only 18 billion Hong Kong dollars. There is a huge gap.

No matter how bad the recession is now, they would not dare to agree.

After telling Xiao Qi about the situation of the two banks for a while, Yu Minwei finally said: "Mr. Qi, we have generally made a decision. Although it may be lower in the future, there is no need to wait any longer. China Merchants Bank is prepared to raise the capital with 25 billion Hong Kong dollars."

At a price of about 20 billion, we will privatize and acquire Wing Lung Bank. Do you think that if the price of Guoxin Bank reaches around 20 billion, can it be closed down?"

Xiao Qi thought about it for a while.

When discussing with Yu Minwei last year, Yu Minwei suggested that the acquisition could be reduced to about 22 billion.

Although the current financial crisis will cause the price of Guoxin Bank to drop again, if the price is too low and Guoxin Bank's operating income is not bad, then there will be no reason for others to sell stocks at a loss.

Xiao Qi doesn't care whether it's 20 billion or 22 billion, or even a HK$24 billion acquisition. Compared with the overall mobile payment platform layout, money is not important at all, and occupying the market in advance is the most important.

Xiaoyao Mall already has its own third-party payment platform - Xiaoyao Wallet.

But this Xiaoyao wallet only has a storage function and does not involve third parties.

After all, all the businesses of Xiaoyao Mall are now directly operated, and there is no introduction of partners like Tmall Mall later.

Even for b2c platforms like Xiaoyao Mall, mobile payment is far more important than third-party payment platforms.

In the future, when it comes to mobile payments on mobile phones, tablets, etc., Xiaoyao Wallet is one aspect, and more importantly, mobile payments are made directly through bank cards. This piece of cake is truly rich.

Besides, there is one more thing.

Whether it is the United States, Japan or South Korea, all large financial groups must have their own financial entities so that the flow and transfer of funds can be convenient, otherwise they will always be controlled by others.

The combined annual liquidity of the Fairy Series and Xiaoyao Series exceeds one trillion yuan, which is enough to support a medium-sized bank.

Coupled with the future third-party payment platforms, Yuwobao financial business and mobile payment, the three major entities in the Internet era, there will be at least more than 5 trillion capital flows every year.

Therefore, in order to make the Xiao family more stable, the bank must be acquired. As long as it is not taken advantage of by others, then there is no problem at all in adding, subtracting or subtracting.

After thinking about it, Xiao Qi nodded: "Then do it!"

Yu Minwei breathed a sigh of relief and said with a smile: "Fortunately, the bank has been entrusted with the acquisition. Otherwise, if they knew it was Qishao who wanted to acquire it, I'm afraid the price would have increased a lot."

"There is more than one bank in Hong Kong. If they want to show off, then it doesn't matter if we buy another one." Xiao Qi smiled slightly, "Don't hesitate to help me, Director Yu, when my Fairy Bank enters the mainland to do business."

"Look at what you said, am I always this kind of person?" Yu Minwei said with a smile: "Hong Kong-funded banks have always been welcomed when they enter the mainland. I have to say, Mr. Qi, you really made a great move!

Although there are strong calls to liberalize private banks, there will be no substantial progress for another three to five years. It is more convenient to directly acquire Hong Kong banks."

Xiao Qi nodded.

The opening of approval for private banks in the Mainland will have to wait until 2013. Xiao Qi is not willing to delay these five years.
Chapter completed!