Chapter 1299 Selecting and appointing talents

   Wu Jianmin did not rush to answer Xia Jingxing's question, but talked about an industry news.

   "I heard that HSBC intends to sell nearly 200 retail branches in the US, which is nearly half of the total number of branches they have opened in the US."

   Wu Jianmin looked at Xia Jingxing with a smile, he believed that the new boss would be interested in this news.

as expected!

  Xia Jingxing asked with great interest: "Do you want to acquire these branches to supplement and strengthen the service network of East West Bank?"

   "Yes, the acquisition is actually not only a branch, a business outlet, but more importantly, attracting new customers. We can take this opportunity to expand the customer base to other ethnic groups."

  Wu Jianmin spread his hands, "The current population of Chinese in the United States is only over 3.6 million, accounting for only 1.2% of the total population of the United States.

  If we only do business with Chinese, then the volume is close to the ceiling now.

  If you want to expand the scale of the bank, you must break through some restrictions and make bold attempts. "

  Xia Jingxing said with a smile: "I didn't set a limit for East West Bank. You can choose to expand the service group. As long as you can master it well, then everything is not a problem."

Wu Jianmin seemed to have guessed that Xia Jingxing would not object, and smiled: "HSBC has been hit hard by the financial crisis. If we talk to them about the acquisition at this time, I believe they will not refuse, and we can win it at a very cheap price. Nearly 200 branches.”

   "I know that Vision Capital is currently negotiating with HSBC about the sale of the London Headquarters Building."

   Hearing this news, Wu Jianmin was very surprised and looked at Xia Jingxing with wide eyes, "The people from HSBC are even planning to sell the London headquarters?"

   "That's right, it means that I'm in a hurry, and I'm trying to realise my assets at all costs.

   However, since HSBC signed a 20-year long-term lease agreement with the last acquirer, the sale of the headquarters building will not affect them too much. "

  Xia Jingxing was very happy with a smile on his face.

   He used the profits from shorting HSBC to buy HSBC's headquarters building, and then he received HSBC's rent every year, how could he not be happy.

   The only regret is that it is a bit difficult to acquire a large bank like HSBC, and the UK Financial Supervisory Authority will definitely intervene.

   Therefore, he can only lower his standards, otherwise he would have really thought of buying HSBC.

   "It seems that HSBC is really running out of money this time, and is eager to sell and sell to get cash back."

   Wu Jianmin muttered to himself. He thought of a lot of things in an instant, and he became more and more firm about the idea of ​​acquiring the US branch of HSBC.

   "Go and get in touch with the people at HSBC and buy it if the price is right."

  Xia Jingxing paused for a while, and then added: "Hong Kong and Southeast Asia can also look for opportunities to acquire one or two banks, first obtain a bridgehead, and then find ways to make it bigger and stronger.

   In the Chinese market, the supervision of foreign investment is too strict.

  I was thinking, would it be better to turn East West Bank into a domestic bank? "

   "Domestic banks?"

   Wu Jianmin became interested and asked, "How did it change?"

  Chen Hong smiled and interjected, "He was talking about setting up a bank in the mainland alone, just like Minsheng Bank.

   However, if this is done, the new bank will have little to do with Envision Financial Holdings and East West Bank, and the VIE structure will not work. "

  Xia Jingxing nodded lightly, agreeing with Chen Hong's statement.

The   VIE structure is generally used for Chinese technology companies to list overseas. The state also turns a blind eye to this and does not judge these companies as foreign capital.

   And financial companies are subject to different supervision, and it must not be fooled.

   Then there is only one solution left, to establish or acquire a bank in the name of a domestic enterprise.

   At present, there is only one private bank in China, Minsheng Bank, which was co-founded by dozens of private entrepreneurs and is a product of a special period.

  The country will really deregulate and start the pilot of private banks. It will not be until 2014. MYbank and WeBank both obtained banking licenses at that time.

   Now, it may be difficult to open the policy gap.

  Thinking of this, Xia Jingxing temporarily gave up the idea of ​​starting a private bank and said, "Forget it, let's open branches in a few big cities in China and operate as a foreign bank."

   Wu Jianmin didn't know why Xia Jingxing suddenly changed his mind, but he didn't ask any further, just nodded in agreement.

After the    meeting, Wu Jianmin saw that Xia Jingxing and Chen Hong seemed to have something to talk about, so he excused himself and left.

  Chen Hong stretched his waist, then leaned his back on the chair and gave Xia Jingxing a slanted look, "Finally, I'm done, there's nothing else to do next?"

  Xia Jingxing immediately understood what Chen Hong meant, the other party wanted to leave, so he quickly persuaded: "What are you busy with, there are still many things to do next.

   East West Bank needs to be upgraded to a Chinese bank, and it is also looking for and acquiring bank assets around the world.

   In addition, Envision Financial Holdings is only a prototype so far, and we still need to build mutual funds, wealth management and other businesses.

   Oh, yes, you remember to help me find a securities company in China, Envision Financial Holdings needs to obtain a securities dealer license. "

  Chen Hong asked: "In the name of domestic capital?"

   Hearing this, Xia Jingxing became depressed again. Like the banking industry, foreign investors in securities companies could not hold shares.

   Even Goldman Sachs and Morgan Stanley entered China through joint ventures. At first, the upper limit of foreign shareholding was only one-third, and later it was relaxed to 49%.

  To break this situation, the financial industry needs to be further opened to the outside world.

   But Xia Jingxing estimated that this complete opening would take at least ten years.

   "Hey, I have a headache! I've actually become a foreign capital." Xia Jingxing patted his forehead with a look of burnt out.

  Chen Hong thought for a few seconds and replied, "Perhaps you can set up a company in China, and this company will control domestic banks and securities companies, while Envision Financial Holdings is only a shareholder.

   In the future, the financial industry will be further reformed and opened up, and adjustments will be made according to the actual situation. "

  Xia Jingxing nodded and said, "For the time being, it can only be like this."

   "Hey, by the way, why are you buying a domestic securities company?" Chen Hong didn't understand Xia Jingxing's behavior.

   "Envision Capital plans to raise a RMB VC fund, and Fuxing Industry also has a 100 billion RMB fund. Most of the companies invested by the RMB fund will be listed in China.

  Acquisition of a brokerage company, get the month first! "

  Xia Jingxing looked at Chen Hong with a smile. In fact, he only said half of what he said. Another reason for the acquisition of securities companies was to make industrial layout in advance and prepare for the arrival of the Internet finance era.

  Chen Hong said "oh" and instantly thought of a lot.

   The 100 billion fund of Fuxing Industry will invest in at least hundreds of chip companies.

   As the chip is an important strategic industry of the country, there may be relevant policies to promote the listing of chip companies on A-shares in the future, because if they are listed overseas, fundraising may be like technology, and people will suddenly get stuck.

   "No problem, I'll keep an eye out for you when I get back to China. It's been so long since I've been out, it's time to go back and take a look."

  Xia Jingxing said with a smile: "Brother Chen Hong, I have worked hard for you for the past six months. I have been busy with Envision Financial Holdings. I basically didn't bother, and I really feel bad about it."

  Chen Hong waved his hand, "Don't say that, I'm also a shareholder anyway, I contribute to my own company, talk about whether it's hard work or not."

  Xia Jingxing smiled, Chen Hong's shareholding in Envision Financial Holding Group was very low, only less than 0.2%.

   In order to obtain this little share, Chen Hong not only invested more than 20 million US dollars, but also got on with himself.

   In the past six months, all the work of Hanergy Investment Group has been left aside by Chen Hong, and he has devoted himself to acquiring various assets and sorting out business for Envision Financial Holdings.

   If it weren't for the friendship here, how would ordinary minority shareholders work so hard.

   Chen Hong came to help, which indeed saved Xia Jingxing a lot of energy, otherwise a lot of his energy would be involved in a bunch of trivial matters.

Xia Jingxing felt a little uneasy about choosing a professional manager to manage the Vision Financial Holdings Group, which had a book value of more than 30 billion US dollars.

   However, he can't expect Chen Hong to stay and help for a long time, after all, Hanergy Investment is the other party's business.

Although the scale of   Envision Financial Holdings is much larger than that of Hanergy's investment, in Hanergy, Chen Hong is the boss who speaks for itself.

  According to Xia Jingxing's understanding of Chen Hong, the other party is definitely not willing to let Hanergy Investment to become a second boss of Vision Financial Holdings.

   "Do you have any suitable talent to recommend to me? I definitely need someone to help me pick up this stall in Yuanjing Financial Holdings."

Chen Hong frowned, "Although Envision Financial Holdings has been established for a short period of time, it is already a large multinational financial institution. There are three financial sub-sectors of securities, banking and insurance.

To be honest, this requires a very powerful professional manager to manage such a large plate, and at the same time he or she needs to have a certain pioneering spirit, because Vision Financial Holdings is still just a product of rough steps, and many businesses are Integration upgrades are also required. "

  Xia Jingxing listened patiently, Chen Hong, who has been in charge of Envision Financial Holdings for so long, may know more about the specific situation and the flaws than his major shareholder.

   "What do you think of Wu Jianmin?" Xia Jingxing asked suddenly.

  Chen Hong thought for a moment, then nodded and said, "I have worked with him for a while, and I feel that he is a very powerful person. He is resolute and efficient in his work."

Xia Jingxing smiled, Wu Jianmin pulled East West Bank from a small bank with only a few branches to a medium-sized bank with more than 100 branches. The expansion depends entirely on absorption and annexation. Belly up.

   "I plan to inspect him. If he can acquire HSBC's nearly 200 branches in the U.S. cleanly, then I will let him run the entire Vision Financial Holding Group."

  Chen Hong nodded, "I have no objection. With his ability, he should sit firmly in that position."

   "Since you said so, let's give him a chance!"

   (end of this chapter)