Chapter 378: Finding a Bank from the Archives

Nancy's brows were already twisted into a knot. She had to relax them for a while and tried to explain calmly:

"But he is Asian and cannot make further progress in politics in the United States."

Patricia glared at her mother. She was stupid again!
"I told you, he's rich! He's a businessman! He does business, makes money, and then invests in politicians. He doesn't need to show up in public, right? Dad also has to serve those rich people, so why don't we just let the politicians serve us?"

Nancy's big eyes blinked, as if what her daughter said made sense. If this troublesome girl could get married and have children honestly, and if the husband she married was worthy of support, it would be a good choice, which would be better than the current troublesome life.

"Then I'll talk to your father!"

"Don't!" Patricia tried to stop him. Her father was much smarter than her mother, and she might not be able to fool him. So she said, "You have to give us some time to develop our relationship. Only then can we go find our father."

So, now, Mom, can you give me his contact information?"

Nancy suddenly realized that her daughter was just making up stories for her! Adam might not have had such an idea at all! Or, he looked down on Patricia. After all, her Muse music was very famous in the United States.

However, the cake her daughter drew really made her excited.

Anyway, it was rare that someone my daughter liked could enter their governor's mansion. As for skin color and race, it was no longer important at this time. At least he was more reliable than the ghost-fire boy my daughter had been fooling around with before!

In the eyes of their parents, rock youths are unreliable ghost-fire boys.

……

Wang Yuanchao has already flown back to Hong Kong.

This is the base camp. Although there are many professional managers and partners to help manage the business, as the big boss, not to mention maintaining a good relationship with the bigwigs in Hong Kong's political arena, he also has to inspect the front line every now and then, paint a big picture, feed carrots, and wield a big stick to ensure that senior managers have clear goals, are motivated, and don't mess around. By the way, he also has to listen to the voices of the front line to ensure that he will not be deceived by people with impure intentions.

His treatment of managers ranked high in Hong Kong, but he also created the audit department to tell everyone not to steal, or they would be caught.

It would be difficult for anyone who embezzled money from Boss Wang to survive in Hong Kong. Killing the chicken to scare the monkeys, Wang Yuanchao will not let him go easily.

Since he runs around everywhere, he will naturally be rewarded or punished heavily.

Heavy rewards for reporting and severe penalties for corruption.

He has connections, so naturally he will be punished to the maximum extent of the Hong Kong law. Phoenix Daily will also publish special reports on corruption, which will make him socially devastated. How many people in Hong Kong envy their jobs? With such high income and benefits, they are still corrupt. They are really condemned by everyone.

If something goes too far and Wang Yuanchao feels that legal sanctions are not enough, he will signal the community to go and "express condolences."

Of course, if you want to make more money, you can quit your job and start your own business, or you can ask Boss Wang to invest and become his partner. Wang Yuanchao is still willing to be an angel investor, after all, partners have a greater motivation to make money.

On November 11, DeepBlue finally reached an agreement with Sony on a joint venture color TV factory. Sony invested 5% of the shares with patented technology. The joint venture factory could purchase production lines from Sony, and Sony would send technical personnel and some management personnel.

Sony did not lose money on this transaction, and did not spend a penny. It charged a patent fee of 30% of the profit for each color TV sold.

Because it is a joint venture, the company’s name is “Deepblue&Sony”, abbreviated as “D&S”.

Sony's sales last year (69) reached 1091 billion yen, which is almost 3 million US dollars, which is half more than the peak sales of 2 million of Fairchild Electronics in Silicon Valley!
This year, Sony is aiming for $4 million!
[Historically, Sony's turnover in 70 reached 1500 billion yen. At that time, the exchange rate between the US dollar and the Japanese yen was fixed, 1 US dollar = 360 Japanese yen. ]

As for Deep Blue, its sales last year were around 2 million Hong Kong dollars, about 120 billion yen, or more than 3000 million U.S. dollars.

The dividends in the first half of the year caused Deep Blue’s stock price to surge again, but it did not allow Deep Blue to break through the 300 million market value.

Deep Blue's sales target this year is to reach HK$3 million! With sales of HK$2.8 million already achieved, there is no doubt that the target will be achieved this year.

Wang Yuanchao was no longer prepared to invest in building the DS color TV, so he simply took out some stock financing and used the shareholders' money to start his own business.

This time, he plans to release 10% of the shares and intends to subscribe for 5000 million shares. In other words, he values ​​Deep Blue's current market value at 5 million Hong Kong dollars.

This amount of expenses will be used to purchase factory buildings, equipment, various materials and accessories, labor, management, strengthen sales channel construction, etc., all of which are used to promote the company's development.

The cooperation with Sony has been boasted about extensively in Phoenix Daily, radio stations and other newspapers. Sony's patents, Sony's technology, Sony's sales, Sony's profits, everything that is conducive to boosting the stock price makes it difficult for people to ignore this news.

The company also disclosed Deep Blue's current sales situation. There is no doubt that this year's sales target of 3 million yuan will be achieved.

Stimulated by multiple favorable factors, Deep Blue's market value broke through 6.5 million Hong Kong dollars in one go, and finally fluctuated up and down, stabilizing between 5.9 million and 6.3 million.

This year, DeepBlue's profit is expected to exceed 4000 million, which means its price-to-earnings ratio is only 15 times.

We still need to develop and grow further.

Apart from Shenlan, the stock price of Qingzhou Yingni is not good, only 8800 million!
You know, Qingzhou Yingni’s annual profit can reach 2000 million Hong Kong dollars!
However, Wang Yuanchao did not distribute all the profits as dividends. He used it all for investment, expansion of production and repayment of loans.

According to Chairman Wang Yuanchao, there will be no dividends for at least three years, and we may have to make additional investments to seize the market.

Many small and medium shareholders do not have that kind of long-term thinking and have made moves one after another. This year, more than 20 companies will be listed in Hong Kong, so everyone has places to play. If it really doesn’t work out, buying Shenlan is more cost-effective than Qingzhou Yingni!
We have the same boss, so why bother?

Wang Yuanchao quietly collected stocks.

The second phase will be put into production soon, sales will explode, and the stock price will rise sharply. But what a huge amount of money!

Whether there is a dividend or not, the wealth is there, and he can take it out at any time if he wants. If only the old factory of Ching Chau Ying Cement in Kowloon and the warehouse in Hong Kong Island were sold, the land would be worth more than the share price. These people are too short-sighted!

However, the Pacific Building is still under construction and has not yet been topped out, and Pacific Industrial has not yet been listed, so everyone may not have realized the value of these lands. Wang Yuanchao said that some storage and supporting facilities were purchased for the development of the company, and no one doubted it.

In fact, he was the one hoarding the land.

His other factories are actually very profitable, but at the moment, there is no need to list them.

When the timing is right later, they will be listed.

Later on, it would be easy to sell the shell of a listed company to others for one or two hundred million yuan!

This money is simply free, it would be a waste not to make money from it.

In addition, the bank license that Wang Yuanchao had been longing for was also issued.

It is the Guangdong East Trust Bank that went bankrupt before.

In the early 60s, the Hong Kong property market was extremely booming, and banks were also booming. In order to grab business, they naturally lent money on a large scale.

Then, on January 65, 1, a small bank, Mingde Silver Bank, had a US dollar check for 23 million Hong Kong dollars bounced!

As soon as the news came out, Mingde’s depositors panicked and all ran to withdraw their money!

In that era, "panic" was the most terrible infectious disease.

Because Mingde was a Chinese-owned bank, citizens suddenly lost confidence in all Chinese-owned banks and rushed to the doors of various houses to withdraw money.

In this way, Guangdong Trust Bank, Far Eastern Bank, Wing Lung Bank, Ka Wah Bank, Dao Heng Bank, Guang'an Bank... all experienced bank runs.

Some of these banks survived, such as Wing Lung Bank; some did not, such as Guangdong Trust Bank.

Even the largest Chinese bank at the time, Hang Seng Bank, almost collapsed and had to change its name and sell 51% of its shares to HSBC in order to receive unlimited bullet support from HSBC.

Wang Yuanchao's various businesses involved a large amount of capital transactions, so he urgently needed a bank of his own.

By relying on constant communication with the authorities and taking over the debts of Guangdong East Trust Bank as a condition, this bankrupt bank was dug out from the archives.

In fact, it has been more than five years, how can there still be any debt? It's just a nice way of saying it.

Without the public relations efforts behind the scenes, this license would have been abandoned.

As soon as he obtained the banking license, Wang Yuanchao changed the name of the bank to Hong Kong Commercial Bank, abbreviated as "Commercial Bank".

He also poached some managers from various banks to build the framework of the bank. He appointed himself as the general manager, and the deputy general manager was Han Bin, a young manager who had studied abroad.

Because Han Bin can accept Wang Yuanchao's ideas.

The company's main business is to accept deposits and provide services to other companies under Wang Yuanchao.

In order to support the company, Wang Yuanchao would pay all the salaries and bonuses of his employees to the company. In the past, the accountants would withdraw money from the bank and pay it in cash. Now, it will be directly deposited into the passbook, and the employees will go to the bank to collect it when it is due.

With this foundation, many people's money will be deposited in banks, and banks also have plenty of ways to turn this money into deposits.

Although Wang Yuanchao's company launched a fund, most people still chose to trust the bank, so Wang Yuanchao had to earn the money himself.

In addition, the business expense settlements of many companies will gradually be transferred to commercial banks.

Especially in the horse racing ticket agency business, the huge cash flow is like a layer of oil after passing through the hands.

In the past, there was no choice but to cooperate with other banks. Now Wang Yuanchao has his own bank, and his bank branch will be opened next to the horse racing ticket sales outlet, so that citizens can collect the fees without having to travel far.

It is no exaggeration to say that the business volume of his company is more than enough to support the business.

What follows is how to gradually consolidate word of mouth and attract depositors other than employees.

Wang Yuanchao also has a solution to this problem. He is one of the founding members of the Xiangjiang Club and has the stock brokerage agency rights.

He plans to set up a stock brokerage department under the bank and launch a financial product similar to a public fund, which will provide investment and financial management services for customers. The stock market has been rising sharply in the past two years, and there will definitely be only profits and no losses. To be eligible for financial management, depositors must have a certain amount of deposits.

Therefore, the core of a commercial bank is to attract deposits. As for lending, Wang Yuanchao's Pacific Industrial can borrow this amount of funds cleanly.

Spending other people's money and doing your own thing is the right way.

(End of this chapter)