We are all reborn, who wants to be the richest man?

Chapter 423 Branch Concept
Facts have proved that Luo Nianzhong is not a deadbeat. Not only did he pay the accommodation fee, he also paid it multiple times and left a lot of tips.

Lying on the bed, looking at Luo Nianzhong who picked up a cigar, Sarah said dissatisfiedly, "I'm almost bored to death, are you still in the mood to smoke?"

"Trouble? I pay quite a lot of fees, how about paying them at a later date?"

"Pah!" I punched my lower abdomen, "Who told you this? I mean those dog-skin plasters. Can't you help me think of a solution?"

"Isn't that simple?"

"How to say?"

Hearing that Luo Nianzhong had an idea, Sarah forced herself up with her arms and put her face in front of Luo Nianzhong, not knowing how seductive her posture was at this moment.

"Don't they want to see you? Then meet you.

Later, I will increase the price of the privately customized high-end shoes in your store by 100%, and you will receive them privately.

As for accepting all those invitations, just one sentence, I will consider it when I have time."

Let’s talk about the word entrepreneurship. How do you define it? What counts as success?
After three days of starting a business, I got orders and the business took off. I was finally able to sleep well. Counting that I only slept two or three hours a day when I was starting a business.

Luo Nianzhong got up early the next morning and went directly to the company after having breakfast with Sarah. As soon as he entered the office, Du Huilian walked in.

"It has been negotiated for US$7.38 million. We will acquire Philippine Airlines and ABS-CBN. The Marcoses will comprehensively solve our worries and ensure that these two companies will not have any debt when they are handed over to us."

"Ha ha ha ha". After Luo Nianzhong said what he said, he and Du Huilian both laughed. In a sense, this could be regarded as a kind of collusion between government and business.

First, I learned about the recent situation of Far East Bank with Du Huilian. After his brief introduction, Luo Nianzhong's tea was brewed.

The problem was solved, Sarah was happy, and Luo Nianzhong could finally sleep.

"What about the financial system? What is the positioning of the three banks?"

"These people are not of any help to you, but they have gained a lot of wealth in Hong Kong Island over the years. What a good source of customers.

"Tell me about the situation in the Philippines."

"It seems that the Philippines' national treasury is going to suffer again."

Don't listen to those bullshit who say time is money, and how many entrepreneurs only sleep a few hours a day when starting a business.

"I even wonder if you have planted spies here. Every time like this, you can accurately grasp the time when I arrive at the company."

To put it another way, does Luo Nianzhong need to start a business now? Since you don’t need it, why not live the way you want?
So no matter how much you say, it's useless. You should go to bed as soon as one o'clock in the middle of the night.

Luo Nianzhong's words were of course a joke. The offices of Far East's top executives were all on the first floor. When Luo Nianzhong came, they could not see their secretary's office even if they couldn't see it. As long as they paid attention, it was impossible not to know that Luo Nianzhong was coming.

"You're really a loser." He said so, but from the glint in Sarah’s eyes, it could be seen that this woman was also a little money-crazy.

Let’s not talk about whether you can believe the nonsense about sleeping two or three hours a day. If this is really the case, I will probably leave Hexi before the great cause is achieved.

Besides, being able to find you in the store is better than sending invitations to your home every day like now, right? "

This little money is nothing to Luo Nianzhong. Who would do this if he really wanted to make a lot of money.

Although To Huilian spends most of his time at Far East Bank, he also has his office here.

Although Luo Nianzhong only needs four or five hours of sleep every day to feel energetic, he does not resist such a wonderful thing as sleeping.

Money fans don't necessarily mean that profit is paramount; they just like the pleasure of making money.

This is the real reason why Du Huilian came to see Luo Nianzhong early this morning. He has nothing to do with Philippine Airlines and ABS-CBN. He is just helping friendly forces to support them. Entering the financial industry is his business.

“This is what I think, Far East Bank and Barclays adopt the same strategy as all foreign banks in the Philippines, only developing in big cities.

As for Hang Seng Bank, my positioning for it is to fully enter.

Not only big cities, but all large, medium and small cities in the Philippines, except remote mountainous areas, must have branches of Hang Seng Bank."

"I understand what you mean. During this trip to the Philippines, I learned a lot about the Philippine banking industry.

At present, the national income of the Philippines is still too low, and there will not be too much savings collected. However, the Filipino people do not believe that domestic banks can take advantage of this, and it will become the biggest reliance for our financial industry to invade the Philippines.

I will control the development speed of Hang Seng, take root in medium and large cities first, and then develop into small cities when the per capita income of the Filipino people increases."

That's what Luo Nianzhong meant. It doesn't matter if it doesn't work now. First, we should establish our position and build a good reputation.

"I don't worry if you handle this matter, but Hang Seng Bank must communicate well and listen to their suggestions."

Although Far East Bank took over Hang Seng Bank from HSBC, it had the same strategy as HSBC did with Hang Seng.

Far East has control of Hang Seng, but management is still handed over to the original Chinese senior executives, as is Barclays Bank.

The main reason is that the current senior management of Hang Seng is very capable, and the several founders have great connections and prestige in the Chinese community in Hong Kong.

For example, the current chairman of Hang Seng Bank, Lee Quo-wai, is related to the Lee Family, a large landowner in Hong Kong. His father is cousin to the founder of Hysan Properties, Lee Hysan of the Lee Family.

It is precisely because of this ability and connections that Luo Nianzhong chose to keep things as they are. Except for occasionally intervening in the development plan of Hang Seng Bank based on the grand strategy, most of the time they develop independently. After that, Du Huilian told some rough plans and plans in his mind. Luo Nianzhong felt that there was no problem in the general direction and nodded in agreement, then Du Huilian left.

Not three minutes after Du Huilian left, John Baibo, COO of Far East Group, arrived.

"It seems I won't have much free time today, so sit down."

There is no doubt about John Baibo's ability. In less than half a year, he has figured out the overall operation of the Far East Group and the situation of all companies in the group.

Now he has begun to help Welch share the pressure, and Welch thinks highly of him.

"Tell me, what do you want from me?"

John Baibo was not in a hurry, but asked his secretary to bring him a cup of coffee before sitting down.

For John Baibo, he really couldn't get used to drinking tea. Every time Luo Nianzhong convened the senior management for a small meeting, John Baibo would drink coffee alone.

Others may not like to drink or cater to take a few sips, but John Baibo has decisively rejected the concept of tea since he tasted it once.

Luo Nianzhong didn't care about his actions. This was his right and what Luo Nianzhong needed.

Just like when Li Shimin uses Wei Zheng and everyone caters to you, no matter how wise and powerful you are, you can't help but be a little arrogant. Luo Nianzhong thinks this is a good thing.

"It's not a big deal, but now that the group has more and more employees, should we build a dedicated parking lot for employees only?"

"Why? Don't we have large multi-storey parking lots outside the west gate and north gate?"

Luo Nianzhong remembered that the two parking lots built at that time could park thousands of vehicles in total. How could it not be enough?

On Hong Kong Island, the per capita car ownership rate is very low.

The Hong Kong government has been controlling the number of private cars since 82. This is why there are so many people on Hong Kong Island and the roads in many places are very narrow but there are no traffic jams.

The transportation is really developed. There are more public vehicles than private cars on the road, not counting the subway and light rail.

High car purchase taxes, high annual vehicle license fees and gasoline taxes are the reasons why people on Hong Kong Island do not like to buy cars.

Those who can drive a private car every day on Hong Kong Island are basically those whose income ranks among the top 20% of all Hong Kong residents.

Under such circumstances, John Baibo actually wanted to build an employee-only parking lot, which made Luo Nianzhong very unbelievable.

John Baibo smiled bitterly and asked Luo Nianzhong a question, "Luo Nianzhong, do you know where the most employees of our group live?"

This confused Luo Nianzhong. In his impression, Far East employees should be high-income people. Normally, Hong Kong Island and East Kowloon around the Far East headquarters should have the most residents.

The communities here are relatively high-end and relatively good in all aspects. They have always been loved by Far East employees.

In fact, he was wrong. John Baibo said, "The New Territories have the most employees living in it. Now Tuen Mun New Town is almost becoming a new wealthy area on Hong Kong Island. This is why I put forward this opinion...".

After John Baibo's explanation, Luo Nianzhong finally understood what was going on.

I didn't expect that the final culprit would be me. It was me who set the benefits for these people too high.

Most of the scientific researchers in the Far East are foreigners, of whom Western employees account for almost 20%.

For the small, crowded and prosperous Kowloon and Hong Kong Island with many high-rise buildings, many people prefer the New Territories, which has wide roads, is closer to nature, and has a sense of space.

In recent years, Luo Nianzhong has invested heavily in the development of the New Territories. With the old Tuen Mun New Town as the center point, the development speed has continued to increase, and Tuen Mun New Town has also continued to expand outwards.

Especially now that there are several start-up companies that have become rich overnight, more talents with dreams are flocking there.

As the number of rich people increases, the demand will naturally increase. Real estate developers have taken a fancy to this and built villas and hotel-style managed communities with larger areas and better greenery around Tuen Mun New Town.

I just wanted to give it a try at the beginning, but unexpectedly it became popular all of a sudden. Many scientific researchers in the Far East who were not short of money bought houses there.

The main reason is that the price is cheap. For the same price, if you buy a house in the New Territories, you can get nearly twice the area of ​​the same high-end community in Kowloon.

Moreover, the New Territories is vast and sparsely populated, and parking fees are very cheap. Even the gasoline tax is not regulated in the New Territories, and the license tax is more than doubled every year.

The purpose of the Hong Kong government's move was not to allow Hong Kong residents from Hong Kong Island and Kowloon to move to the New Territories to alleviate the population pressure in these two places. However, they did not expect that the first people to move there would be employees from the Far East.

This also leads to the fact that the subway and transportation in Kowloon and Tuen Mun New Town are not particularly perfect, so many employees in the Far East drive to work.

Coupled with the large number of tourists and public transportation vehicles every day, sometimes there are traffic jams at the two main entrances of the Far East at night, a strange sight on Hong Kong Island.

John Baibo's suggestion is to open a dedicated employee channel to the west of the north gate and build a dedicated parking lot nearby.

The reason for choosing this place is that the expressway leading directly to Tuen Mun New Town is not far from here, which is very convenient for employees.

This is something that can be considered, but Luo Nianzhong also thinks about another idea that John Baibo just put forward, which is to establish a branch of the Far East Group in Tuen Mun.

The Far East is a big landowner in the New Territories. When building branches, they really want to build them wherever they want.

The key is that there is the Eastern Silicon Valley that Luo Nianzhong intends to build. Setting up a branch to move the Far East software department there will also help the development there.

(End of this chapter)