Wolf of Xiangjiang

Chapter 346 Korea's No. 1 Bank

The four major grain traders are indeed very powerful. They once again colluded with the US government to spread public opinion about the global soybean production reduction. For a time, domestic oil pressing companies could not hold back and bought soybean futures to ensure the future supply and price of soybeans.

Of course, the warnings from Hong Kong experts and media are not without effect. Many domestic manufacturers are reducing their purchases as much as possible. Smarter manufacturers are even waiting and watching. After all, the price of soybeans has doubled.

Lin Zhengjie sold all his futures when the price was just over 900 cents per bushel, and did not go short. After all, history has changed, and there is no need to take risks. In the past, the highest price of soybean futures was 1060 cents per bushel, but now it has not even reached 1000 cents per bushel.

Hengfeng Financial Group Center, the office of Horizons Ventures.

"Boss, Horizon Ventures made a total of more than 12 billion Hong Kong dollars this time, and Evergrande Investment Development also made more than 2 million, which almost met expectations." Li Rongsen said happily.

15 billion Hong Kong dollars is really a drop in the bucket for Lam Ching Kit. After all, Florence Hui is pregnant, so his one-time reward is 2 million Hong Kong dollars, and he also provides an investment plan.

However, sometimes, knowing about major historical events is impossible without making any money from them, as it is very uncomfortable.

"The Americans will definitely investigate the root cause of the Hong Kong public opinion. Have you done a good job of keeping it confidential?"

Li Rongsen immediately said confidently: "Boss, don't worry. The person who made the speech this time is a professor from the University of Hong Kong. He usually makes some economic remarks in the newspapers, which will not involve us. In addition, he has become the 'guest of honor' of Xinshe, and he has a mainland brand. I'm afraid no one dares to touch him!"

Hong Kong is the capital of spies. The United States and the United Kingdom have deployed many spies here. Similarly, the mainland is also not completely unprepared. A tight net has been set up here as well.

So this is the home court, and the university professor is very safe!

"That's true"

Li Rongsen added: "And I was not directly involved in this matter. Secondly, Professor Wang is now gaining fame and fortune, so it is impossible for him to be reminded by anyone. He can only say that it was his own opinion."

Lin Zhengjie nodded and said, "Well, there's no need to worry about this!"

Actually, he himself is not afraid of the United States. After all, he has many children who have already been scattered all over the world, which is equivalent to their family being "scattered like stars in the sky."

After chatting for a while, Li Rongsen left his boss' office. His job now is very simple. After all, Horizons Investments is relatively simple and crude.

After leaving HarbourVest, Lin Zhengjie came to the headquarters of Hengfeng Financial Group in the same building.

"boss"

Chen Wenjin and Li Huiling then came to his office.

Hengfeng Bank, a subsidiary of Hengfeng Financial Group, is a listed company that went public at the end of 1996. The original purpose of the listing was simple: to formalize commercial banking business and help improve depositors' confidence.

After its listing, Hengfeng Bank used the funds raised to bottom out during the Asian financial crisis. Its market value now stands at HK$800 billion, four times that of Bank of East Asia and half that of Hang Seng Bank.

In fact, Hengfeng Bank has become the biggest competitor of Hang Seng Bank, and has had a great impact on Hang Seng Bank (its market value at this time in the previous life had reached 2000 billion).

Of course, Hengfeng Bank has another important advantage, which is that its assets appreciate faster because of investment.

Commercial banks can also invest, but they do not directly participate in operations!

Chen Wenjin is the chairman of Hengfeng Bank, and of course he is also the first vice president of Hengfeng Financial Group; Li Huiling is the CEO and vice chairman of Hengfeng Bank, and she is also Yuan Tianfan’s wife.

The couple both work for the Lin family and hold important positions. It’s not that Lin Zhengjie loves the couple because of their abilities, but because of their abilities.

Li Huiling said, "Boss, Newbridge Group of the United States is interested in selling Korea First Bank. Currently, HSBC and Standard Chartered have expressed their intention to compete. I think our Hengfeng Bank can also consider competing. After all, you also like to invest in Korea!"

She was right. Since 1998, Lin Zhengjie's family has invested a lot in South Korea.

First, Horizons Ventures and Evergrande Investment Development entered the Korean stock market and held shares of Samsung, Hyundai and other companies, and now have made a lot of profit on paper;

Secondly, the Taifook Group has entered Korea in a big way, from cultural industry to real estate industry, and then to the port. For example, in 2002, when Hyundai Merchant Marine was reorganized and had to sell five ports at one time, Wheelock Group took over three of them; Taifook Group also acquired three office buildings in Seoul and opened two five-star hotels - The Peninsula and The Langham.
Hearing this, Lin Zhengjie sat in his office and started thinking.

What is he best at?
Of course it is a cyclical investment!

In the past, Standard Chartered Bank spent 33 billion US dollars to acquire Korea First Bank. After 20 years, it only increased the bank's asset value from 450 billion US dollars to 670 billion US dollars. (This asset value includes deposits, etc.)
So in fact, Standard Chartered Bank made a loss on this deal!

But Lin Zhengjie thought differently. With Korea First Bank in his hands, he would be able to drive a big nail into Korea.

He could use this bank to invest and thus make up for the failure of Standard Chartered. In simple terms, Korea First Bank could directly acquire office buildings in Seoul and sell them in 2007, or sell some of its own assets in 2007 and then buy Korea at the bottom of the global financial crisis.

This way, he could ignore the possibility of 'losing money' and instead have a good career in Korea.

"You can participate in the competition. In terms of commercial banking, our Hengfeng Bank's system is also very comprehensive. In terms of investment business, you won't lose money with me here. Our advantages are still more obvious than HSBC and Standard Chartered. You guys go ahead and do it!"

Li Huiling said happily: "Okay"

"Remember to communicate with me about the price, and you can decide the other conditions yourself!"

When acquiring this kind of assets, money is the most critical factor, but it is not everything. There may be other conditions, but of course the boss doesn't have to worry about these.

"Understood"

Li Huimin knew the boss's style, after all, the couple were both close to the boss.

After the two left, Lin Zhengjie thought about it again. Assuming the acquisition is as high as 35 billion US dollars, or 280 billion Hong Kong dollars, there will be no problem with Hengfeng Bank, because Hengfeng Bank has sufficient cash flow and its market value is far lower than its asset value.

Hengfeng Bank also has an advantage, which is that it has the support of several large groups, including Taifook, Wheelock, etc., as well as the Lam Ching-kit family as its backer.

If the funds are insufficient, some new shares can be issued to allow Taifook and Wheelock to subscribe. Of course, new shares should be issued with caution, as it will dilute the holdings of Hengfeng Financial Group.

In addition, Hengfeng Bank’s deposits also have the support of Lin Zhengjie’s family, which can be regarded as a strong backer and has great flexibility.

Lin Wendong came to the United States and, at the invitation of his former schoolmates, attended a gathering of young Chinese people.

It has been almost two years since he graduated from Harvard University in the United States, and has been working in Hong Kong for almost two years. He is now a middle-level manager of the Taifook Group. This time he came to the United States, he also took the opportunity to attend an invitation from a classmate after work.

"Wendong, long time no see!" Zhang Yuhao came up and gave Lin Wendong a hug.

The two were good schoolmates in the past, but Zhang Yuhao chose to stay in the United States, so Lin Wendong naturally had to return to Hong Kong to inherit the family business.

"Wenhao, what kind of party is it today and who are the people?" Lin Wendong asked with a smile.

"Let's go in and you'll know. We're all young people and can chat with each other." Zhang Yuhao climbed onto Lin Wendong's shoulders and the two walked into a villa.

Later, Lin Wendong saw that there were about a dozen people attending the party today, and they were indeed all young people.

But he didn't like such gatherings. If Zhang Yuhao hadn't invited him, he wouldn't have participated in such gatherings. It wasn't that he was old-fashioned, but he had tried it before. It was difficult to have a common language at such gatherings. Either someone would flatter him if they knew his identity, or they would be jealous. In short, his identity brought him some inconvenience.

On the contrary, he and his friend Zhang Yuhao got along very well, and he also took time to accompany Zhang when he traveled to Hong Kong.

In short, Lin Wendong is the type of person who is good at socializing, but will not waste it on useless socializing; he has friends, but there are only a few of them he can chat with.

Zhang Yuhao also knew Lin Wendong, so after bringing him in, he introduced him to his friends: "This is my schoolmate and good friend Lin Wendong. He has returned to Hong Kong to work. Everyone, please welcome him."

Afterwards, everyone greeted them perfunctorily, but some people were quite curious and came forward to chat. A group of young people held a barbecue party in the yard of the villa, chatting about all sorts of things.

During this period, Lin Wendong suddenly felt his heart beating. It turned out that a very quiet and beautiful girl attracted his attention.

"Hello, can I meet you?"

Although the girl was quiet and pretty, she was also very polite and generous. She smiled and said, "Of course. Are you from Hong Kong?"

"Well, I'm from Hong Kong. My name is Lin Wendong. What's yours?"

"I'm Guo Ziqi, I'm Chinese, my parents immigrated to the United States from Hong Kong in the 1970s, so I don't know much about Hong Kong. Do you mind talking about it?"

"Of course, I am a genuine Hong Konger."

The girl is quiet, but she speaks freely and without any pretentiousness.

At this moment, Lin Wendong felt that he seemed to have met the right person.

When the party was about to end, Lin Wendong finally found Guo Ziqi alone and said, "Ziqi, I'm glad to meet you today. However, I came to the United States to work and will be returning to Hong Kong soon. But I think you are a very good girl and I want to make friends with you!"

Guo Ziqi looked at the sincere Lin Wendong. This boy was very outstanding in both appearance and knowledge.

"OK"

In this way, Lin Wendong got Guo Ziqi's contact information and felt satisfied.

He planned to tell his family once they got to know each other better, and he would not hide it on purpose.

In fact, many girls actively pursued Lin Wendong, but he always felt it was not good. This made his father Lin Zhengjie seem to have opinions. He was worried that his son would think too much and create an emotional vacuum.

Now he met Guo Ziqi by chance, and he fell in love with her at first sight. At this moment, he was actually a little agitated.

No matter what, Lam Man-tung remained calm and would definitely return to Hong Kong first. His schedule had already been arranged.

When leaving, Lin Wendong said to his good friend Zhang Yuhao with gratitude: "Ah Hao, come to Hong Kong someday, I will accompany you!"

Zhang Yuhao saw it today and immediately laughed, "No way, the eldest son of the world's richest man, is he in love today?"

If this was true, he would be very happy. After all, he never expected that such a marriage could be achieved.

Guo Ziqi was not his friend, but a friend of his friend, but he knew her. According to him, Guo Ziqi was also a top student at the University of California, with a good family background and a beautiful appearance.

If he didn't have a girlfriend, he would be very interested, but this girl is not that easy to pursue.

"It's not over yet. Besides, love can't be based on background, it has to be based on sincerity!"

"Well, you are such a pure-hearted young man!"

Since April, the international soybean price has started to fall sharply, plummeting by 4500% in a very short period of time. That is, soybeans that were originally priced at 2700 yuan per ton now only cost 8 yuan per ton, basically returning to the price in August last year.

Many oil extraction companies around the world purchased soybean futures at high prices in March, but have suffered huge losses, and countless companies have gone bankrupt.

As for China, it purchased about 550 million tons of soybean futures, and its direct losses amounted to tens of billions.

In fact, China purchased a total of 800 million tons of soybean futures in the previous life, which has been reduced a lot this time.

It is not just Chinese companies that have suffered losses. Many oil extraction, feed and other companies around the world are also victims.

Three of the four major grain traders are American companies, and the other one is a US-French joint venture. They made a fortune and looted billions of dollars in wealth at one time.

More importantly, as oil pressing and feed companies around the world go bankrupt one after another, the four major grain traders will use the huge profits they have made to acquire these companies and further monopolize the upstream and downstream links of the global grain industry.

This is their ultimate goal!

Offices on the 70th floor of Taifook Center.

Lin Zhengjie is playing on the computer. He is either checking stocks or reading the news. Naturally, he will not waste his time on useless things.

The Hong Kong stock market has performed very well this year, and has actually started to rebound strongly since July last year. The most eye-catching theme is, of course, red chip stocks.

However, whether it is the Hong Kong stock market, the US stock market, the UK stock market, the Singapore stock market, the Taiwan stock market, etc., the Lin Zhengjie family has already invested enough. Therefore, Lin Zhengjie generally does not invest more money.

So, just take a look at the market.

"boss"

Tang Renjian walked into the office.

"By the way, how do you think the events of the Asian Games in Guangdong Province in the mainland are?"

"We have already started contacting and investigating!"

The 2010 Asian Games for Guangdong Province is also a major event, with real estate projects worth nearly US$5 million.

Speaking of which, it was the Guangdong Provincial Government that officially invited Taifook to inspect this project.

"Let Wendong be in charge of this project. It's time for him to practice on a big project alone!" said Lin Zhengjie.

Once this project is on track, which is one or two years later, Lin Wendong should be able to join the group's board of directors.

As Lin Wendong's "master", Tang Renjian said with difficulty: "Boss, Wendong seems to have something going on in the United States recently. Maybe he has a girl he likes. I'm thinking of sending him to be in charge of the American project! If he goes to the mainland, I'm afraid..."

Lin Zhengjie was stunned. He didn't expect that there was such a thing and he didn't even know about it.

Perhaps seeing Lin Zhengjie's reaction, Tang Renjian said, "I also noticed that he would volunteer for the American project, so I asked him one more question. It should be possible!"

I was afraid that the boss would think that even the father didn’t know, so how did you, a half-master, know it?

Lin Zhengjie didn't have such an idea. As a romantic man, it was normal for him not to understand his son's situation.

"Okay, let's send him to the United States. But since it's for training, we have to do it on a larger scale. The real estate industry in Europe and the United States can still develop this year. See if there are any good projects and let him work on them alone."

"clear"

Tang Renjian knew that the boss was willing to spend a lot of money to train his son.

But Lin Zhengjie didn't think so. He could cash out in 2007 anyway, so it didn't matter if he invested this year. (End of this chapter)

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