Video Game Empire - Chapter 673

22 Salisbury Road, Tsim Sha Tsui, Kowloon, Felix restaurant on the top floor of The Peninsula Hotel, the most famous hotel in Hong Kong, is currently holding a Western-style business dinner. This reception was hosted by Jiahua Bank to celebrate their successful acquisition of Cathay Bank, the largest Chinese bank in the United States.

Although Jiahua Bank has been established less than ten years ago, it has now surpassed HSBC and has been promoted to the largest bank in Hong Kong with its backing of the powerful Oriental Group. According to the annual report of Jiahua Group for the fiscal year 1990 published before, the total deposits of Jiahua Bank are as high as 610 billion Hong Kong dollars.

Although this scale is only slightly more than half of HSBC’s total deposits of 1.1 trillion Hong Kong dollars, if only the total deposits in Hong Kong are compared, Jiahua accounts for 30.56% of Hong Kong’s total deposits of 550 billion Hong Kong dollars, overwhelming HSBC with only 540 billion. , becoming the largest bank in Hong Kong in terms of deposits.

With the gradual expansion of the scale of Jiahua Bank, especially after its merger with Standard Chartered Hong Kong, the expansion in the local market of Hong Kong has basically reached the extreme, and it has begun to seek to go out of Hong Kong. The first step of Jiahua’s external expansion is to choose Southeast Asia, which has close exchanges with Hong Kong and has a large number of Chinese capital.

To know the reputation of “God of Wealth Li”, it can be described as thunderous in the Southeast Asian Chinese circle. Moreover, with the rise of Dongfang Group, many Chinese businessmen in Southeast Asia have also followed the trend to invest in the electronics industry, and many of them are supporting enterprises in the Dongfang industry chain. Through cooperation with local Chinese capital, Jiahua Bank has successfully established a firm foothold in the Southeast Asian market.

After that, Jiahua set its sights on the broader European and American markets, especially the United States, where Wall Street is known as the center of global capital. Only if it can stand its ground here can it be regarded as occupying a place in the global financial market. The first step for Jiahua Bank to enter the US market is to choose the Chinese community with the same culture.

Founded in 1962, Cathay Bank is one of the first Chinese-funded banks in the United States to serve the Chinese-American community. After nearly two decades of development, its total assets have reached 1 billion US dollars. Jiahua Bank acquired Cathay Bank wholly with Jiahua stock valued at US$70 million in the form of a share-for-stock merger.

Some people may ask, if you can acquire $1 billion in assets with a mere $70 million, isn’t that a profit?

Total assets are not net assets, especially for the banking industry, where most of its assets come from deposits from customers. For example, the total assets of Jiahua Bank are as high as 85.5 billion US dollars when converted into US dollars, but after deducting deposits, only about 7.3 billion US dollars are left. And if you want to calculate net worth, it is much lower than this value.

Jiahua Bank’s acquisition of Cathay Bank has only increased its business scale by a little more than 1%. So this can only be regarded as a trivial small acquisition, but it is a very memorable moment for Jiahua Bank’s globalization layout, because it finally went out of Asia and began to enter the world!

It is precisely because of the extraordinary significance that Li Xuan also specially prepared to attend the reception, but he arrived a little later than the opening time of the reception. This is not because he encountered a traffic jam on the road. It must be known that the way the richest man travels is not what the poor can imagine.

The family flew directly to the apron on the roof of the Peninsula Hotel from the back garden of their mansion on the Peak of Taiping. It’s just that before he got on the helicopter, several arrogant children in the family were trained to cry by the strict mother because they didn’t have time to do their homework because of the noise. Li Xuan, a 24-year-old filial daddy, naturally has to stand up and pretend to be a white face, first to solve the internal conflicts in the family!

So by the time Li Xuan arrived at Felix restaurant, the opening speech of the reception had already ended. The guests who attended the dinner gathered together in twos and threes, elegantly holding goblets, sipping mellow champagne, admiring the beautiful night view of Victoria Harbour outside the glass curtain wall, and chatting about various topics. The atmosphere was relaxed and warm. But not noisy.

However, as soon as Li Xuan entered the door, he immediately became the focus of the entire banquet hall, and a scorching light even flashed in the eyes of many people. Fortunately, all those present were well-identified people, and everyone followed social etiquette, and there was no swarming around.

The first person to greet us was the host of the banquet, Yang Lingjun, chairman of the board of directors of Jiahua Group. Half a step behind him, he followed a few other people, all of whom were the most important guests of the banquet, such as Mr. Robert Rubin, the leader of Goldman Sachs Group.

“I’m very sorry, because I’m late for some things, I apologize to everyone!” Li Xuan took a glass of champagne from the waiter, and then raised the glass to apologize to everyone.

“Mr. Li Xuan, I am very happy to meet you again in Hong Kong!” Robert Rubin also raised his glass to greet him.

The Goldman Sachs Group helped plan the acquisition of Cathay Bank by Jiahua. However, for such a small case with an amount of less than 100 million US dollars, it is naturally impossible for the chairman of Goldman Sachs to fly to Hong Kong to attend the celebration reception.

This time, they were originally going to the Asian region to investigate their business, and passing through Hong Kong coincided with the meeting. The reason why Li Xuan came to Jiahua’s cocktail party was to receive Robert Rubin. The chairman of Goldman Sachs came all the way to show his face, and Li Xuan naturally accepted the other party’s affection.

In another time and space, he had accidentally watched a French documentary called “Goldman Sachs Ruled the World”. Since the 1990s, Goldman Sachs has never been absent from successive U.S. administrations. So much so that there is a joke on Wall Street: the United States controls the world, and Goldman Sachs controls the United States!

According to the information that Li Xuan had seen before, this Robert Rubin is a die-hard Democratic supporter. Therefore, once Clinton really defeats Bush Sr. to become the new president of the United States, as in another time and space, Mr. Rubin is likely to hold an important position in the new Democratic government!

Li Xuan walked around the banquet hall, and after chatting with all the guests who came to the celebration banquet for a while, he invited Rubin into a small box next to him for a more private exchange.

“First of all, congratulations to CG’s total market value breaking the 30 billion US dollar mark. In your Chinese words, it is called ‘Gong Xi Fa Cai’!” Rubin finally uttered the words “Gong Xi Fa Cai” in Cantonese, and he clasped his fists with both hands. Obviously, this custom of the Chinese people has been specifically understood before.

“Haha, thank you for your blessing. Goldman Sachs and I are also old friends~www.mtlnovel.com~ When CG Company went public, it was the stocks that Goldman Sachs helped to underwrite. Let’s make a fortune together!” Li Xuan said with a smile.

Since its establishment, the Oriental Group has cooperated with Goldman Sachs no less than ten times, and most of them are large projects with hundreds of millions or even billions of dollars. Goldman Sachs has made a lot of money from the Oriental Group, so even this time, Rubin also personally represented Goldman Sachs at the celebration banquet of Jiahua Bank’s small acquisition of 70 million US dollars.

“Although the U.S. stock market has been falling in recent years, consumer and high-tech industries are rising against the trend! I wonder if you have considered taking advantage of the current market situation to let Dongfang Game Company and Dongfang Research Institute go public in the United States. ?”

Every time the senior management of Goldman Sachs Group met with Li Xuan, they would inevitably persuade him to take the two most promising subsidiaries of Oriental Group to the United States for listing, and this time Rubin was no exception.

./book_

.. m.

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