Mixed in 1980

Chapter 336 Is it worth it?

The management team definitely needs to be reshuffled, especially the British influence, which must be completely removed.

Li Zhaoji had already analyzed this issue: "When the British dealt a heavy blow to Hang Seng and then acquired it, their purpose was to eliminate the most threatening competitor in Hong Kong's banking industry."

"But after acquiring Hang Seng, HSBC only sent four representatives to join the board of directors and continued to maintain the original Chinese management team."

“These Chinese management teams have done a very good job. Hang Seng has developed very quickly in recent years. Without our interference, Hang Seng would have developed even more in ten years.”

"My suggestion is that the management doesn't need to make any major changes. Just kick out the pro-British people, and most of them can be retained."

"The key is the board of directors. All the people sent by HSBC should be removed, and those who are pro-British should be eliminated. Then we can send people from each of our companies to join."

"What do you all think?" Chen Fan asked, looking at the crowd.

Everyone agreed and decided that each company would send one person to the board of directors, with Spark Investment receiving two board member slots.

Chen Fan then invited everyone to a restaurant. After everyone had a good time, he saw them off. The next day, everyone got busy, leaving them only half a day.

Even half a day is a nightmare for the bank.

The bank run continues, and stock prices are still plummeting, especially Hang Seng Bank, whose stock price fell by another 10% in just one morning, resulting in extremely heavy losses.

HSBC and Standard Chartered both saw a combined decline of over 20%.

For Chen Fan and his team, the first thing to do in the morning was to close out their short-selling accounts and take the profits.

The second thing was to buy at the bottom, frantically buying HSBC, Standard Chartered, and Hang Seng stocks without causing a price rebound.

Once HSBC and Standard Chartered overcome their difficulties, their share prices will recover quickly. If you buy now, you can make a fortune in just a few months.

As for Hang Seng, it has even greater potential for the future!
The shareholders have changed from HSBC to a group of Hong Kong's top tycoons. With the support of these tycoons, the future business scope will be more comprehensive, and the stock price will only be higher.

It wasn't until the afternoon that the big news broke.

HSBC and Standard Chartered Bank reached an agreement with the Huo family, Li Hongying, Li Zhaoji, Hu Yingxiang, Liu Jianxiong, and others, and they decided not to withdraw the funds deposited in the banks.

Meanwhile, Chen Fan and his allies acquired 62% of Hang Seng Bank's shares from HSBC for HK$1, thus gaining complete control of Hang Seng Bank.

The run on deposits and the sell-off came to an abrupt end.

"Chen Fan has robbed the British again?"

The news caused an uproar in Hong Kong, with countless people discussing how many times Chen Fan had robbed British people. It should be the third time.

The first time, they seized shares in companies in the port, telecommunications, power, and gas sectors; the second time, they seized 21 plots of land; and this time, they seized Hang Seng Bank.

This man is a bandit who specializes in robbing British people.

The prevailing sentiment in public opinion was one of elation. Hang Seng Bank was once a leading Chinese bank, but its acquisition by the British at a low price had disheartened many.

Now it's back in Chinese hands!

This also means that the influence of the British in Hong Kong has greatly diminished, and there are people in all walks of life who can rival the British.

"Gentlemen, please pay the money!"

Upon arriving at the Hang Seng Bank lobby, Chen Fan produced the ledger, leaving the partners both amused and exasperated. They had spent HK$1, yet they were expected to split the cost equally among their shareholdings.

Chen Fan knew exactly how to calculate the Hong Kong dollar unit, which had cents and fen. Helpless, everyone had to send someone outside to exchange for smaller change to pool their money.

Chen Fan carefully put the money away and handed it to Zhou Wenya: "Write down everyone's contribution and shareholding, then have it framed in a large glass frame and hung in the bank lobby."

"You're just being sarcastic!" Li Hongying said irritably.

Anyone who comes to the bank will see this. It's like rubbing Britain's face in the dirt repeatedly. I bet even the British are too embarrassed to come here.

"This is a slap in the face from our Hong Kong tycoons to the British. We must keep it as a memento so that we can slap them a few more times in the future."

Upon hearing this, everyone nodded in agreement.

This was a profitable and cathartic endeavor, especially for Old Huo, whose family had been targeted the most in Hong Kong and harbored the strongest hatred for the British.

When Chen Fan and Sun Shaojie first visited, saying they wanted to get involved with the British, Old Huo agreed without much thought and contributed the most this time.

It mobilized almost half of the family's resources.

Comrade Huo added, "Next time there's such an opportunity, remember to call me again. Whether it's contributing money or effort, I'll do my best!"

Chen Fan smiled and replied, "If everyone is interested in two or three years, we can pull off another big heist together, which will definitely cripple the British."

Upon hearing this, Old Huo narrowed his eyes and didn't ask any further questions.

The plan is not yet complete, so Chen Fan's silence means he cannot reveal it. However, he has already guessed that Chen Fan will likely make moves in the real estate sector.

Xinghuo Real Estate's moves are huge. Despite its low profile and lack of public announcements, every real estate developer in Hong Kong knows that Xinghuo Real Estate is developing at a frenzy.

The Huo family has also invested heavily in real estate; they could join forces to get a share of the profits.

The others also knew that there was a high probability that Chen Fan would rip off the British again in the real estate market, but they didn't know how he would do it.

After chatting for a while and touring the area, everyone dispersed to return to their headquarters and continue snapping up shares of HSBC, Standard Chartered, and Hang Seng. Once the news spread, the share prices of the three banks immediately stabilized and began to rise. Many people rushed to buy, while many more held their shares and waited.

"At least we've recovered some of the losses!"

Li Ka-shing breathed a long sigh of relief in his office. HSBC's stock price had plummeted, and with the loss of Hang Seng Bank, he, as a shareholder, had also suffered considerable losses.

However, having received the news early, their investment firms began a frenzy of buying shares in the three banks as soon as the stock market opened in the morning.

You can break even once the stock price rises.

Thinking of this, Li Ka-shing lit a cigarette and tapped the table lightly: "In a few years, Hang Seng will be the largest bank in Hong Kong. We need to find a way to acquire a stake."

With Chen Fan's support and so many wealthy people behind him, Hang Seng will inevitably enter a period of rapid development as it absorbs some of the deposits from the companies under these wealthy people's names.

Hong Kong's financial sector is destined for dramatic changes!

Chen Fan had no interest in these matters anymore. With Hang Seng Bank acquired and the stock market profits reaped, the rest was up to his subordinates.

Xu Jinqiu had already packed her luggage and couldn't wait to board the plane back to Beijing.

Back home, a group of children immediately surrounded her, hugging and kissing each other. Playing with the children, Xu Jinqiu believed that this was life.

It's so uncomfortable in Hong Kong!
The area was already unsafe, and with the British watching over it, I basically didn't go out. I stayed at home all day, and even when I went out for a walk, I had to bring bodyguards with me.

If you live there for too long, you'll go crazy.

It's much more comfortable back in Beijing. I can travel all over the world on my own with my child, as long as I keep a close eye on him.

Human traffickers are still quite rampant these days.

Guan Xiaoyu picked up Zhou Jingshu, and brought her along today. The little girl can already walk. She's wearing thick clothes, taking short steps, and wobbling like a little ball.

Xu Jinqiu had just taken Xiao Yanche from her older sister's arms when the little girl wobbled over and said, "Auntie, little brother, look at little brother."

Xu Jinqiu squatted down, and the little girl looked at her younger brother, suddenly leaned over and kissed him, giggling, "Little brother, you're so good, so cute."

“Our little Jing Shu is also very cute.”

The little girl blushed and smiled shyly after being praised, and Xu Jinqiu couldn't help but smile along with her. What a well-behaved girl.

I just don't know if I'll ever have the chance to find my biological parents.

This is difficult!
The human traffickers have been killed, and there's no information about where she was abducted. In the vast sea of ​​people, there's no chance of finding her biological parents.

The child's parents must be frantic with worry.

Xu Jinqiu couldn't even imagine what would happen if one of her children were lost; Chen Fan would probably turn the whole of China upside down.

The child's parents are probably the same.

They might already be on the road, perhaps riding a bicycle or a motorcycle, going from place to place, asking around for directions.

Xu Jinqiu gently patted the little girl's head and sighed inwardly. All she could do was give the little one more love.

Guan Xiaoyu walked over, picked up his little girl and kissed her, and said to Xu Jinqiu, "This girl at home keeps asking for a little brother, so I have to bring her over every day."

"It's good that there are many children here, so they can keep each other company."

Xu Jinqiu stood up, holding the child and gently rocking him: "Do you still have plans to go abroad this year?"

Guan Xiaoyu shook her head slightly: "I'm not going out. It's too cold. It's more comfortable at home. Let's wait until after the New Year when the snow has melted."

Xu Jinqiu nodded and said, "It's time to take a break. We've built a lot of schools in the past few years, and we've also been working on Project Hope. I estimate that in a few more years, we'll be building fewer schools."

Guan Xiaoyu laughed and said, "In another ten years, our primary schools and school buildings will be able to cover every province and city, and then we can probably stop."

"It just won't stop!"

Xu Jinqiu shook her head slightly and explained, "What your brother said is that once the school construction is completed, the next step will be to transform the school and focus on investing in educational resources."

"Educational resources?" Guan Xiaoyu didn't quite understand.

"There are some things in places like computer labs, libraries, multimedia classrooms, basketball courts, and soccer fields that I don't understand at all," Xu Jinqiu said with a wry smile.

Computer labs and multimedia classrooms were things he had never heard of or seen in the city, but Chen Fan said they would be commonplace in the future.

Guan Xiaoyu was also baffled by all this, but one thing was certain: it would cost a lot of money again: "Does our family have enough money to go through this?"

"You know how much money your brother can make. He only stayed in Hong Kong for a few days and made billions of Hong Kong dollars, plus he got a bank for free."

Guan Xiaoyu couldn't refute this; Chen Fan's dowry for her was already astonishing, and now he could still collect HK$800 million in rent every month.

The parents, following Chen Fan's advice, have also built several home appliance stores in recent years, with astonishing profits and a large daily turnover.

However, there was one thing Guan Xiaoyu never understood: "Our family has already put in enough money and effort, and the investment is already more than enough. Is it worth it to increase it further?"

PS: The first update is here~
(End of this chapter)