Rebirth of the World’s Richest Man

Chapter 3788 Refreshing

 The times create heroes. Only individuals in the era, not individual eras. Jiang Xiaobai understands this very clearly, but Xingye Bank is a little different. The environment of Xingye Bank was too difficult at that time.

I was born in a bad time and did not catch up with the good times. The top banking business has been monopolized by the four major banks, and the bottom is still owed foreign debts. Under such circumstances, it is true that I can seize every opportunity and grow to this day. It's not easy.

Hearing Jiang Xiaobai’s affirmation of Xingye Bank, Director Wang also smiled. Being recognized by someone like Jiang Xiaobai is also an honor for Director Wang.

 Jiang Xiaobai, Wang Dong and others were chatting while eating. This was Jiang Xiaobai’s first contact with Xingye Bank. While chatting here, Wang Dong also introduced some of the development history of Xingye Bank.

On the one hand, this is chatting with Jiang Xiaobai. On the other hand, this is also a display of Xingye Bank.

  If China Construction Bank and Gongshang were to discuss cooperation with Huahua Bank, this step would not be necessary at all. They are so awesome. How can anyone not know where to introduce themselves?

 It is a good idea to be ignorant in the future, and no one in the world knows you. However, Xingye Bank is different. Not only is it unknown, but at least it needs to show itself.

"Director Wang, you also know the situation at Huahua Bank. I don't need to introduce it to you. Last year, as strategic investors of China Construction Bank, we helped China Construction Bank realize its transformation from a major domestic bank to , the transformation into a global commercial bank.

It can be said that CCB has benefited a lot from the management experience and risk control experience that Huahua Bank has brought to CCB.

 Now, we are involved in the listing of Gongshang Bank. Two days ago, I just accompanied Director Chi of Gongshang Bank to meet with the person in charge of the Hong Kong Stock Exchange.

If nothing else happens, the simultaneous listing of Gongshang Bank in both places will be finalized by the beginning of next month at the latest..."

Jiang Xiaobai didn’t speak much. In just a few sentences, he showed the strength of Huahua Bank. The listing of China Construction Bank and Gongshang Bank is proof of Huahua Bank’s strength. This is Huahua Bank’s advantage, an unparalleled advantage.

This is also the reason why Xingye Bank took the initiative to come to our door.

 Wang Dong nodded repeatedly when he heard this. The domineering Jiang Xiaobai showed in a few words was what they needed, and the strong connections Jiang Xiaobai showed were also what they needed.

 They originally only knew that Jiang Xiaobai was here in Shanghai and had a relatively good relationship with the Shanghai Stock Exchange, but they did not expect that Jiang Xiaobai would be so capable in Xiangjiang.

“Director Jiang, we know the situation of Huahua Bank. Even if Director Jiang doesn’t tell us, we are very familiar with it. This time we came here to find Huahua Bank to be our strategic investor.” Director Wang said directly.

In front of Huahua Bank, there is no competition for the initiative. Xingye Bank is still far behind, and its reputation is not good now. It needs to cooperate with a famous international strategic investor like Huahua Bank.

Jiang Xiaobai nodded: "No problem. Although our Huahua Bank is said to be foreign-funded, we are in our country. We are also willing to help domestic banks develop and let our domestic banks go global. From a local bank to Transformation of Global Commercial Banks.”

 Jiang Xiaobai held the wine glass, and Director Wang didn’t say anything. After having a drink with Jiang Xiaobai, the matter was basically settled, and at least there was a preliminary intention to cooperate.

 It can be said that the two parties are interested in each other, so there is nothing wrong with this.

 The two sides then talked about other topics, and there was nothing more to discuss about this. Specific cooperation matters still have to wait until the conference table to discuss it. It is not appropriate to discuss it at the dinner table. The next morning, Jiang Xiaobai, Mr. Huang and others officially started negotiations with Xingye Bank.

This time Xingye Bank’s introduction was much more detailed and formal.

“Xingye Bank was established in August 1988 and is one of the first batch of joint-stock commercial banks approved by superior authorities.

 The Bank's business scope includes: deposits and loans; domestic and international settlements; bill acceptance and discounting; issuance of financial bonds; agency issuance, redemption, and underwriting of government bonds; buying and selling of government bonds and financial bonds; interbank lending...

 As of last year, that is, the end of 2005, the bank's total assets were 473.988 billion yuan, shareholders' equity reached 12.115 billion yuan, and net profit in 2005 was 2.455 billion yuan.

According to the ranking of the top 100 domestic banks first released by The Banker magazine in June 2006, the Bank’s average capital profit margin ranked first among all national banks, and its tier one capital and total assets both ranked tenth in the country..."

When Director Wang introduced this, he was still very proud. From the Xingye Bank, which had 62 people, owed foreign debts, and only one small building, to today, it is indeed very proud.

 The next most important thing is to achieve the fourth leap, from local banks, regional banks, national banks to A-share listed banks.

After the introduction, how many shares Xingye Bank is willing to give up is the key point in the negotiations with China Construction Bank and Gongshang Bank, and it is a difficult part to discuss, because whether it is China Construction Bank or Gongshang Bank , or Gongshang Bank, neither of them are willing to give up more shares.

But it's different here at Xingye Bank. They don't have too much autonomy at all. It turns out that there are regulations, that is, according to relevant regulations, foreign banks cannot hold more than 20% of the shares in domestic banks. .

 That is 19.9%.

Xingye Bank was willing to give up 19.9%. Of course Jiang Xiaobai had nothing to say, so he agreed directly.

 The actual total share capital of Xingye Bank is 5 billion shares, 19.9%, less than 20% of the shares, which means one billion shares.

 The price per share of Xingye Bank is 2.8 yuan, which is not high. Xingye Bank also gives some room for negotiation, and it can fluctuate down to 0.1 or 0.2 yuan.

Xingye Bank can accept a price of 2.7 yuan per share or even 2.6 yuan per share. It is even said that their psychological price is 2.7 yuan per share.

As a result, Jiang Xiaobai didn't even discuss the price. After Xingye Bank offered this price, Jiang Xiaobai nodded directly: "The price offered by Director Wang is a real price, so we are also real people. Let's not talk about it. We accept this price. Ten 100 million shares, the price is 2.8 yuan, 2.8 billion, that’s it.”

 (End of this chapter)