In Feng Yu's previous life, GM food had caused a commotion. It was mainly because of the UK's report that the leader of the GM seed industry had published a report proving that the mice that ate GM food had problems with their blood and kidneys. This caused everyone to have a serious trust in GM food.
Although this report was not verified, developed countries had banned the planting of GM food, and GM seeds were sold to less developed countries for profits.
Feng Yu also does not know if GM food is harmful. But since he cannot prove it is safe, he might as well not eat it. It's not like there are no other foods besides GM food.
Hua Xia might have a lot of people, but Hua Xia's food production is among the top in the world. There will never be a situation where there is no food to eat. Feng Yu felt that not many people will be willing to eat GM food. It's just that everyone did not know about this before.
This incident is only a small incident for Feng Yu. He stayed in Beijing for a few days before flying to the UK.
Feng Yu is not here to monitor the crude oil futures. He is here for another important matter, which is the expansion of Minsheng Bank.
Since ancient times, all the influential families and financial groups are involved in the financial industry. In ancient times, there were banks, and in modern times, there were also various insurance, funds, and other businesses.
Many people say that the real money makers are using other people's money to make money for themselves.
Those big financial groups are experts in this field.
How to use other people's money to make money for oneself? You must get the money from other people first. This is when the banking industry is very important.
Feng Yu had set up Wind & Rain Consulting and Taihua Consulting. These companies are at most financial investment companies and cannot be compared to the banking industry. The biggest difference is they cannot absorb deposits.
At that time, Feng Yu wanted to expand his bank. But he does not have the opportunity, and he does not have the capital to do so.
Setting up a bank seems easy. All you need to do is set up a counter and absorb deposits.
But you must let other people deposit money with you first. If other people are not willing to deposit money, how can you force them to do so?
What do people consider when saving money?
Security. The money I deposit in your bank will not disappear suddenly. You can't lose it, and it won't evaporate when your bank goes bankrupt.
Interest rate? Your bank's deposit interest rate is high, so it will attract depositors. Otherwise, why should I deposit my money in a place with low interest rates when others are paying a high interest rate?
Convenient. This referred to the convenience of depositing and withdrawing money. Your location is good, and you have a lot of business outlets. I can't say that I have deposited money here, but when I want to withdraw money, I have to run far away to withdraw it, right? Moreover, he had to join UnionPay or something. Even if he couldn't find his own branch, he could still withdraw cash from other banks.
With Feng Yu's title as the world's richest man, it was a golden signboard. Just like when he promoted Alipay and Paypal in the past, people knew that it was Feng Yu's investment, and Feng Yu vouched for it in his name, so they were very assured.
The interest rate should be about the same as other banks. Also, at the beginning, it could be slightly higher to attract more depositors.
The most important thing for a bank was to absorb deposits. In any bank, absorbing deposits was a task. The more savings, the higher the bonus. If the bank couldn't complete the task, the bank might even deduct their money.
Only with a large amount of deposits will the bank have enough funds to invest in other financial products. Even if you want to take out a loan, you need to have enough savings.
It's not just the interest and security that affect the deposit absorption. The branches are very important. If you have a lot of branches, everyone can see your bank's branches on the streets. When they want to deposit money, they might choose your bank.
If you have a lot of branches, even if the interest rate is higher, many people might not want to deposit money from your bank because of inconvenience.
Also, having a lot of branches will be beneficial for other businesses. A bank's branches can be understood as the sales terminals. Having more terminals will increase sales. If there are only a few sales terminals, it will be very difficult to make a lot of money.
This time, Feng Yu came over to talk about acquiring a bank. This way, he can continue to expand Minsheng Bank.
This bank's scale isn't particularly big, but its business is in many European countries. However, the financial crisis this time has affected them, and they're currently suffering a huge loss.
Because this bank is small, some big banks don't want it. Small banks cannot afford to acquire this bank and are afraid they will be dragged into the mire. That's why this bank is in a half-dead state.
Ralph had done some research on this bank and felt that there were quite a number of high-quality assets in this bank, but they lacked funds. If the bank has enough funds, it can be salvaged and turn a profit again.
This bank had opened many financial services in the past and has many professionals. But because this financial crisis is too severe, their capital chain is broken, and this is why they are in this state.
Other banks had expressed interest in this bank, but their offers are too low. That's why they had been dragging their feet.
The other banks want to wait for this bank to continue to suffer losses, and when the shareholders can't take it anymore, they will sell the bank at a lower price.
This includes Barclays and a few other top banks in the world. These banks are treating this bank as their own.
Ralph had contacted this bank's shareholders, but the other party's offer is too high, and Ralph could not agree to it. That's why Feng Yu decided to come over personally.
Minsheng Bank does not belong to Wind and Rain Holdings Group. Feng Yu owns this bank personally, and this is not Ralph's job. That's why Ralph does not have much authority and cannot make many decisions.
Feng Yu also happens to have time and decided to visit this bank personally. If he is satisfied, he will acquire this bank.
Now, the crude oil futures contracts are slowly being settled, and Feng Yu had a large sum of money. It will not be difficult to acquire a bank.
Also, Feng Yu had spoken to the other shareholders of Minsheng Bank, and the other shareholders agreed. They are willing to dilute their shares during the bank's expansion. When they have money, they can buy back their shares from Feng Yu.
But Feng Yu felt this is not possible. Those shareholders will not know what Feng Yu is planning to do with this bank. When they have the money to buy back their shares, their shares will not be as high as now.
This Minsheng Bank will become a private commercial bank controlled by Feng Yu and will become one of the most famous commercial banks in the world!
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