Rebirth 2006, creating a super consortium

After staring at Zhou Zhen with deep eyes for a while, An Xin decided to observe him, and then asked leisurely: "If there is a financial crisis in the next few years, do you have any coping strategies?"

Zhou Zhen frowned, understanding that this was a test from his boss. He did not answer immediately, but lowered his head and fell into deep thought.

After a long while, Zhou Zhen looked up at An Xin and said with some confidence: "Mr. An, if we really face a financial crisis.

Two things that must be done are to attract deposits with high interest rates and strengthen loan risk control and review.

In addition, we also need to quickly clear out high-risk businesses, such as loan cooperation business in high-risk industries, financial derivatives business, high-risk securities trading business, etc.

After doing the above three things, there is a very high probability that our bank will not suffer huge losses when hit by a financial crisis, nor will it face systemic or operational risks.

In addition to self-insurance strategies, we can also set up a dedicated investment department and use part of our reserves to enter related markets for low-leverage arbitrage investments.

If we do this, if there is a financial crisis, we will have the opportunity to take advantage of the financial crisis to directly acquire banks of the same type and rapidly expand the size of our bank.”

An Xin listened to Zhou Zhen's explanation of the response strategy with an expressionless face, and then labeled him with two impressions in her mind: a standard traditional banking elite and a conservative person!

Is there something wrong with Zhou Zhen’s response strategy?

To be honest, there is no problem, a standard financial crisis response plan!

As long as Zhou Zhen's response strategy is implemented, not only will the bank be able to safely survive the financial crisis, it will even have enough capacity to acquire a bank of similar size and quickly become a top regional bank.

But An Xin is a reborn person. He deeply understands that the upcoming financial crisis is the best development opportunity for the banking industry!

If you miss this opportunity, owning a top global bank in the future will almost become an impossible task!

Therefore, he recognized Zhou Zhen, but did not agree with Zhou Zhen's plan.

It is too conservative and does not fit the future positioning of Yuanfang Bank!

Of course, he knew that Zhou Zhen was a standard traditional banking elite who had entered a traditional bank right after graduation and had never changed the industry.

This type of elite is highly capable of running banks, but has no relevant thinking or awareness on how to extract the most benefits from the financial crisis.

After thinking carefully for a while, An Xin asked Zhou Zhen to give everyone an inventory of Yuanfang Bank's assets: "Tell everyone about the reserve situation of our bank."

"Our bank's current customer deposits are HK$468 billion.

As the HKMA requires that the reserve ratio must not be lower than 2%, we have deposited HK$10 billion in reserves with the HKMA.

Credit business is the largest consumer of reserve funds. Currently, a total of HK$291 billion in credit business quotas have been issued, of which HK$222 billion is for corporate credit business and HK$69 billion is for personal credit business.

Because our bank's previous business model was relatively traditional, the reserve fund consumption of financial channel business was only HK$36 billion.

The current available reserve balance of our bank is HK$131 billion.”

Zhou Zhen slowly reported to everyone the detailed situation of Yuanfang Bank's reserve funds.

Wang Ming asked directly: "Based on historical data, what is the specific reserve ratio required by Yuanfang Bank to maintain daily operations?"

"10%! Based on the reserve fund of 468 billion Hong Kong dollars, that would be 46.8 billion Hong Kong dollars!"

"Ahem, let me tell you something. The HKMA will deposit HK$50 billion in cash into our bank within a month, for a three-year term with an annual interest rate of 3%."

Except that Wang Ming knew the news in advance and did not show any expression.

After hearing the news, the others turned to look at An Xin, with shocked expressions on their faces!

What does it mean for the HKMA to deposit HK$50 billion in cash with a distant bank?

Then Yuanfang Bank will become the sixth fund deposit bank selected by the HKMA after HSBC, Standard Chartered Bank, Bank of China, Hang Seng Bank and JPMorgan Chase!

This is equivalent to a stamp of certification, which will be very beneficial to the development of Yuanfang Bank in the next three years!

An Xin looked at the shocked executives, smiled and said, “You didn’t think what I said at the mid-level and senior management meeting was a joke, did you?

Let me solemnly declare that I am not kidding!

The next few years are truly the only development opportunity that Yuanfang Bank cannot miss!

So I hope that everyone will work together in the coming days to firmly grasp this rare opportunity for crazy development and expansion! "

Upon hearing this, everyone nodded in agreement!

Are you kidding? The Monetary Authority of Singapore has given its stamp of approval. Even if Yuanfang Bank is a pig, it is a pig on the cusp of the wind and can take off at any time.

Zhou Zhen then said excitedly: "Give us a year, and the customer deposit scale will definitely exceed 1000 billion Hong Kong dollars!"

Li Quan smiled and nodded, then added: "Within a year, as long as we add five new branches in this city, the customer deposit target of HK$1000 billion will not be a problem."

The customer deposit scale of HK$1000 billion sounds like a lot?

In fact, it can’t even make it into the top ten banks in Hong Kong!

HSBC ranked first, with total assets exceeding US$1.75 trillion and customer deposits exceeding US$6500 billion...

After thinking for a while, An Xin began to assign relevant tasks to everyone.

He turned his head to look at Xu Yangxiwang, and then said, "Lawyer Xu, please change all the registered accounts of Yuanfang Financial Company to Yuanfang Bank. From now on, all the capital business of Yuanfang will be handled through the channels of Yuanfang Bank."

Xu Yang immediately replied: "Mr. An, no problem, I will go and handle the change procedures this afternoon."

An Xin nodded with satisfaction, then looked at Lu Xi and said, "Lu Xi, Yuanfang United Private Equity Fund Company also needs to change its registered account, you have to cooperate with Lawyer Xu's work.

However, the $17 billion that has already been invested should not be moved for the time being. The transfer of funds can be handled after the execution of this transaction plan.”

In the past few days, An Xin held several interviews with Lu Xi. After confirming that he was indeed capable, she directly appointed him as the CEO of Yuanfang United Private Equity Fund, in charge of all affairs of Yuanfang Private Equity Fund.

After hearing An Xin's instructions, Lu Xi said readily: "No problem!"

Li Quan was very curious when he heard the figure of 17 billion US dollars. He asked hesitantly, "Mr. An, what is the situation of the 17 billion US dollars of Yuanfang United Private Equity Fund Company?"

"15 billion is the investment funds entrusted by customers, and 2 million is Yuanfang Finance's own funds."

Anxin only revealed the source of funds but did not explain where the $17 billion went.

After thinking for a while, An Xin added: "By the way, Yuanfang Bank also needs to bypass supervision through third-party channels, and then entrust Yuanfang Private Equity Fund to handle part of the reserve funds.

Well, let’s entrust a billion dollars of reserve funds as the first batch.

Zhou Zhen, Li Quan, can you two do it?"

Hearing An Xin's question, Zhou Zhen and Li Quan looked at each other, then lowered their heads and fell silent.

After a moment of silence, Zhou Zhen looked up at An Xin, then said cautiously: "Mr. An, 10 billion US dollars is equivalent to 80 billion Hong Kong dollars, and our bank's current available reserves are 131 billion Hong Kong dollars.

If we really carry out this HK$80 billion entrusted business, our bank will only have HK$51 billion in reserves, which barely exceeds the daily baseline of HK$46.8 billion. Isn't it a bit risky to do so?

Can it be reduced to a private placement commission of HK$40 billion?

Or can we wait for a while, until the amount of customer deposits increases a little, and then proceed with the private placement of HK$80 billion?"

An Xin shook her head and said, "Zhou Zhen, all my plans for Yuanfang Bank will not be launched until the full privatization and delisting are successful. This will take at least a month. I am just notifying you now so that you can be mentally prepared."

Zhou Zhen nodded in sudden realization and said with a smile: "Mr. An, then I have no problem. I support all your decisions on Yuanfang Bank!"

An Xin then turned his head and looked at Li Quan. After Li Quan noticed his eyes, he nodded in agreement.

An Xin nodded with satisfaction and began to ask about Yuanfang Securities: "Uncle Wang, have you and Zhang Zhiqiang selected a specific securities company to acquire?"

Uncle Wang did not answer when he heard this. He turned to look at Zhang Zhiqiang and motioned him to report the situation.

Zhang Zhiqiang cleared his throat immediately upon seeing this, and then began to report: "Mr. An, Mr. Wang and I have carefully reviewed all the securities companies in Hong Kong these days, and finally locked on a securities company - Xincheng Securities!

This securities company was established in 1985 and is a participant of the Hong Kong Stock Exchange. It is a Group B broker with its headquarters located in the Global Building in Central. It also has four branches in Tsim Sha Tsui, Aberdeen, Tsuen Wan and Hung Hom.

There are two main reasons for choosing CITIC Securities:

First, it has a complete set of multi-party access licenses, has obtained trading seats on almost all major international trading platforms, and is also an ordinary member of the ISDA Association, which can save us a lot of development time.

Second, its two shareholders no longer want to be in the securities industry and want to take the money and leave, and they are currently looking for capital to take over. "

After An Xin patiently listened to Zhang Zhiqiang's report, she asked directly, "Do you have an expected purchase price?"

Wang Ming took over the conversation: "Yes, I asked someone and they offered 5.5 million Hong Kong dollars. I estimated that we could get it if we negotiated it to 5 million Hong Kong dollars."

After hearing the price offered by Wang Ming, An Xin did not respond immediately, but began to calculate the financial situation of Yuanfang Financial Company.

The US$2 million of own funds and US$15 billion of escrow funds belong to Yuanfang Private Equity Fund and cannot be moved.

A syndicated loan of US$10 billion is approximately equivalent to HK$80 billion.

The acquisition of 79.86% of the shares of Chong Hing Bank has cost HK$57.17 billion, and the full privatization and delisting process is estimated to require another HK$14.5 billion.

Of the HK$80 billion syndicated loan, only HK$8.33 million is available.

We can still squeeze out those 5 million Hong Kong dollars!

After calculating the financial situation, An Xin nodded slightly and said, "Uncle Wang, Zhang Zhiqiang, you can discuss the acquisition with the two bosses of Xincheng Securities. After the price is agreed, the funds will be directly transferred from the account of Yuanfang Financial Company.

After the acquisition was completed, it was renamed Yuanfang Securities and transferred to Yuanfang Financial Company as a wholly-owned subsidiary.

Upon hearing this, Wang Ming and Zhang Zhiqiang nodded in succession, indicating that they understood.

"Do you have anything else to add about the development of Yuanfang Financial Company?"

After An Xin thought about it carefully, she always felt as if there was something she had overlooked, so she asked directly to the executives present.

After hearing the question, Li Quan seemed to have thought of something, and then asked: "Mr. An, our Yuanfang Financial Company already owns two large-scale enterprises, Yuanfang Bank and Yuanfang Private Equity Fund, and will also have its own Yuanfang Securities Company in the future.

Then why not upgrade Yuanfang Financial Company to Yuanfang Financial Group? Groupization is obviously more in line with management trends!"

"GOOD! Li Quan, you provided great suggestions!"

An Xin clapped her hands and praised Li Quan happily.

He now realized what he had overlooked before, which was actually the issue of Yuanfang Financial Group!

After thinking for a while with his head down, An Xin raised his head and looked around, and found that everyone was looking at him, as if waiting for him to give orders!

An Xin smiled upon seeing this, and then said, "That's right, Yuanfang Financial Company should indeed be upgraded to Yuanfang Financial Group!

Lawyer Xu, I have to trouble you again. You need to deal with the legal issues related to Shengge Group. "

Xu Yang nodded and replied, "Mr. An, it is not difficult to set up a group in Hong Kong. The threshold for registered capital is only 1 million Hong Kong dollars. This is not a problem for us at Yuanfang Finance. I will handle this issue within a week."

"very good!"

An Xin nodded with satisfaction, then looked at Wang Ming and said with a smile: "Uncle Wang, I will return to Shenzhen tomorrow. I have to leave the matters of Shengge Group to you, the CEO of Yuanfang Financial Group."

Wang Ming smiled and nodded at first, but soon shook his head and said, "I can be responsible for managing Yuanfang Financial Group, but I still need you to set up the framework of the group's board of directors first."

When An Xin heard this, she instantly understood what Wang Ming meant!

Uncle Wang doesn't want Yuanfang Financial Group to be too strongly influenced by Wang Ming, so as not to endanger his own management in the future!

Uncle Wang is so cautious. He always considers his own ideas and is not willing to overstep his boundaries at all!

Don’t mention it, it’s really hard to refuse Uncle Wang’s kindness.

An Xin secretly shook her head, then looked at Wang Ming with clear eyes and said, "Uncle Wang, let's put it this way. After the establishment of Yuanfang Financial Group, we will directly set up a board of directors.

I will be the chairman of the board and you will be the executive director and CEO.

In addition, I will transfer someone from the Shenzhen Stock Exchange to serve as executive director and CFO of the board.

The board of directors will remain three people for the time being, and the number will be increased based on the situation later. What do you think of this proposal?"

"can!"

Wang Ming immediately expressed his approval upon hearing this, and then said, "In addition to the board of directors, you are also required to determine the candidates for the group's senior management."

An Xin nodded, lowered her head and began to think.

Soon, An Xin raised her head and glanced at the executives, then said, "There are not many management options available now, so let's not make it too complicated for now. How about this, Zhou Zhen, CEO of Yuanfang Bank, Lu Xi, CEO of Yuanfang Private Equity Fund, and Zhang Zhiqiang, CEO of Yuanfang Securities, you three can take the position of group vice president first. First, you can cooperate with Uncle Wang in the overall management of the group's affairs, and second, it will facilitate business communication within the group."

After hearing this, Zhou Zhen, Lu Xi and Zhang Zhiqiang showed a hint of joy on their faces, and then they promised one after another that they would do their best to help the group continue to grow and develop.

An Xin shook her head when she saw this, glanced at the executives again, and then asked, "Does anyone have anything to add?"

After hearing this, everyone thought for a while and shook their heads to indicate that there was no more.

"Okay, let's talk about this!"

An Xin stood up and said to everyone, "I will be back to Shenzhen tomorrow. If you can't handle the group's affairs, please contact Uncle Wang first. If Uncle Wang can't handle it, then contact me.

By the way, I would like to remind everyone that all the conversations today involving the development plans of Yuanfang Financial Group must be kept confidential and must be implemented resolutely. Do you understand?"

"Boss, don't worry!"

"Mr. An, got it!"

"Boss, no problem!"

....

After hearing everyone's assurances, An Xin nodded slightly, then stood up and said cheerfully: "OK, I'll be leaving first, everyone go and do your own thing!"

After saying that, An Xin turned and walked out of the president's office and walked to the secretary's office next door.

As soon as I entered the secretary's office, I saw the ripe peach secretary, Cai Ning, sitting behind the desk working.

An Xin shook her head, walked to her desk, tapped it with her hand, and when she stood up, she took out a personal business card from her pocket and handed it to her, then looked at her with a smile and said, "I'm going back to Shenzhen tomorrow, and you don't have to go with me.

But you will be transferred to the Group Chairman's Office on the 33rd floor of the Bank of China Building.

By the way, you will need to help me with two things in the future.

First, help me build a professional and highly qualified secretarial team, with the number of people limited to 5.

Second, please help me keep an eye out for any developments at the group headquarters and report any situation to me immediately.

Cai Ning, do you understand? "

Cai Ning nodded quickly to An Xin, and then said straightforwardly: "Mr. An, I understand, I will take care of everything you ask!"

"GOOD!"

An Xin nodded slightly when she heard this. Seeing that her goal had been achieved, she stopped talking nonsense. After saying goodbye to Cai Ning politely, she turned around and left the secretary's office.

Tsk, sometimes you can't be impatient, there is still a long way to go, sooner or later you will be able to taste this almost ripe peach...