Chapter 1298 Three expansion directions

   After having a cordial conversation with the employees dispatched by Jupin Pictures to work at Marvel, Xia Jingxing had lunch with them again.

   In the afternoon, Xia Jingxing rushed to Pasadena, a satellite city more than ten kilometers away from downtown Los Angeles.

The headquarters of    East West Bank is located in this city.

   From the outside, the headquarters of East West Bank is still very imposing. The exterior walls are painted white, and it looks like an imposing palace from a distance. There are many palm trees planted by the road at the entrance as decoration.

   After getting to the place, Xia Jingxing saw Chen Hong and Wu Jianmin waiting at the door.

   "Jing Xing, you are here. If you don't come, I will come to you."

  Chen Hong took a few steps forward, put his arms around Xia Jingxing's shoulders affectionately, and then began to "complain" non-stop.

  Wu Jianmin watched with a smile, he knew that Chen Hong and Xia Jingxing had a very good relationship, otherwise the other party would not have appointed Chen Hong to be responsible for the privatization of East West Bank.

  Chen Hong noticed that Wu Jianmin had been standing aside and slightly ignored the other party, and quickly said: "Thanks to Mr. Wu running up and down during this time, otherwise the privatization of East West Bank would not have been so smooth."

  Wu Jianmin waved his hand and said, "Mr. Chen, it's your duty to win the prize."

Xia Jingxing shook hands with Wu Jianmin with a smile on his face, "Jianmin, don't be humble, although I didn't come to the company in person during this time, but I also know that you have made countless contributions to the company, and I have to say thank you for your hard work. ."

   Wu Jianmin smiled, no more politeness.

   After greeting each other a few more times, Wu Jianmin and Chen Hong led the way and led Xia Jingxing and his party into the bank building.

   Soon, everyone came to the conference room on the top floor of the building. After sitting down one by one, Wu Jianmin glanced at Chen Hong and said, "Mr. Chen, will you report first?"

   "You are the CEO, and I am here to assist you in your work. You should come first."

   Upon seeing this, Wu Jianmin no longer refused, and said with a smile: "Daren, the privatization of East West Bank has officially ended, and 100% of the company's equity has been acquired by Envision Financial Holdings Group.

   In the entire acquisition, a total of 1.042 billion US dollars was used, which was more than the original estimate of 1 billion US dollars. "

  Xia Jingxing nodded lightly, not paying too much attention to the fraction of the extra cost. After all, East West Bank was a medium-sized bank with hundreds of branches, and it was a bargain to acquire it at the current price.

   In exchange for the acquisition of East West Bank before the financial crisis broke out, the cost may be several times higher than it is now.

   briefly introduced the acquisition process and details of East West Bank, and then Wu Jianmin talked about the future development strategy he formulated.

   "Next, after officially changing its name to China Bank, we plan to develop in three directions and rapidly expand the business.

   First, while consolidating the U.S. market, we will look for suitable opportunities to acquire some troubled banks to increase the number of branches and total assets.

   After all, the US market is our current basic market, and we must not give up easily. "

  Xia Jingxing nodded, "You are right, East West Bank has a group of loyal Chinese and Chinese users in the United States, which are actually the most valuable asset of East West Bank at present.

After the acquisition of East West Bank by Envision Financial Holdings, apart from changing to a more powerful name with a wider range of services, it will not make too many changes to the existing business of East West Bank. We will try our best to avoid the loss of customers to ensure the stability of the enterprise. over. "

  Wu Jianmin nodded slightly, "I have discussed this matter with President Chen, and we are already preparing, I believe it will not cause too much fluctuation for customers.

   After all, Darren, you are also a well-known Chinese (overseas Chinese) in the United States, and you have earned a lot of face for our Chinese.

   In addition, you are one of the world's richest people and a well-known financial tycoon on Wall Street.

   Keep the money with you, everyone is at ease.

   Recently, many major bank clients have been asking me if there is an opportunity to buy the Vision Capital hedge fund in the future.

   The rich story of Lixia No. 1 Fund's 60 times return has now spread throughout the Chinese American community, and no one can resist this temptation. "

Xia Jingxing laughed. The LPs of Lixia No. 1 Fund have several small Chinese rich people. They subscribed to the first hedge fund of Vision Capital through **** luck, and easily doubled their worth. Now all of them have become the envy of others. It is also a live advertisement for Vision Capital.

   "You can answer them, there is a chance, East West Bank's major clients are the major clients of Vision Capital, and everyone is their own."

   Wu Jianmin smiled slightly, and understood what Xia Jingxing meant, bundling, he was familiar with this model.

   At this moment, Chen Hong suddenly interrupted: "Jing Xing, most of the Chinese customers warmly welcome you to East West Bank.

   But there are also a small group of people who are afraid of your Chinese identity and feel that they are not so relieved to keep their money in you. "

   The smile on Wu Jianmin's face stopped for a while, and he quickly explained: "Daren, you have to believe that such unsightly people are always in the minority. They don't know how big an opportunity they missed."

  Xia Jingxing waved his hand, "Let them go, there is no reason for banks to force savings."

  Xia Jingxing knew that there were some Chinese Americans in America who hated him more than white supremacists.

  These people don't know what An's heart is. He is unhappy about his huge profits and extraordinary achievements in the United States. Maybe it is jealousy, or it may be related to Xia Jingxing's refusal to donate to some Chinese-American organizations who came to the door for alms.

   When a normal Chinese-American organization came to the door, Xia Jingxing would still reward him with three melons and two dates.

   But some extremist organizations really dare not donate money unless he doesn’t want to go back to China.

   Wu Jianmin nodded towards Xia Jingxing and continued: "The second development direction is to enter the Chinese market in a big way.

   I discussed with Mr. Chen, and planned to start with corporate and private banking business, and then gradually expand the business to ordinary customers after establishing enough branches in China. "

   Chen Hong added: "This step-by-step development strategy is based on the fact that East West Bank's foundation in the Chinese market is still very shallow, and related domestic policies are very strict in the management of foreign banks.

   Citi, Standard Chartered, HSBC and other big international banks, although they are greedy for the Chinese market, but due to policy restrictions, so far they can only do business for the rich and corporate.

   Moreover, considering that Envision Capital has a good reputation and performance in international capital markets such as Hong Kong and the United States, private banking, wealth management and other businesses can just be developed together with Envision Capital. "

   Xia Jingxing didn't answer whether it was good or bad, and asked, "Is there any other strategy?"

  Wu Jianmin continued to introduce: "The third development direction is to base itself on the Hong Kong market and gradually radiate to Southeast Asia. In the future, it can also enter Europe, Africa and other markets to become a truly global Chinese bank."

  Xia Jingxing said with a smile: "Okay, there are no problems in these three development directions, I fully support it!"

   Wu Jianmin and Chen Hong looked at each other, and both showed satisfied smiles. The suggestion they put forward was affirmed by Xia Jingxing, and it was not in vain for them to study hard for so long.

"but…"

  Xia Jingling changed the topic: "Have you considered funding issues?"

  Wu Jianmin said with a smile: "Daren, you still need strong support in terms of capital. Otherwise, with the strength that East West Bank has now, even if it develops for ten years, it will not be able to reach the world."

  Xia Jingxing tapped his fingers on the table, a bank completely controlled by him had long been included in his next stage of key development plan.

   The current East West Bank is still too small to provide much support for his companies.

   Therefore, we can only spend money to make the company bigger, and then talk about various business support and development synergy.

   "Do you have a more specific plan? How much money do you need to support simultaneous expansion in three directions?"

   (end of this chapter)