Feng Yu told Qiu Bojun about his views, and Qiu Bojun expressed his support. Actually, the State Assets also expressed their concerns through Lenovo Group about exchanging shares.
Since everyone is against this, this deal will not go through. IBM is very disappointed, but Qiu Bojun doesn't care. If IBM can invest more than 10 billion USD to develop their operating system, he will be slightly nervous.
IBM's actions now are just a bluff. IBM's annual profits are not much, and they still need to improve their technologies in other areas. How can they dare to expand their business so much?
Microsoft was relieved to know Lenovo Kingsoft and IBM's cooperation had failed. If these two companies had cooperated, it will be a fatal blow to Microsoft. Some directors even felt Microsoft will lose.
But since the cooperation failed, they are relieved. Microsoft decided to accelerate their development of mobile operating system. They will introduce Winphone operating system, which is a smartphone operating system. At the same time, they plan to introduce their own tablet PC.
They will also increase their marketing efforts for Win7. Lenovo Kingsoft is giving up some of their profits, and Microsoft will also give up some of their profits. We can afford to spend money on marketing!
Feng Yu asked Wind and Rain Electronics, Lenovo Group, and the rest to upgrade their smartphones and tablets. He wants people to think of Wind and Rain mobile phones when they think of smartphones, and L-Pad when they think of tablets.
As for Kirilenko, he stayed in the US to manage Minsheng Bank's business. Minsheng Bank's development seems to be facing some resistance. Those big banks in the US do not want Minsheng Bank to grow.
It's normal for them to be against each other in the same industry. But Feng Yu is not worried. He doesn't think these banks can suppress Minsheng Bank.
The financial crisis had just ended, and the US financial industry is at a low ebb. But this is the best time for Minsheng Bank to expand. Many banks in the same industry had gone bankrupt, and there will be lots of businesses waiting for Minsheng Bank.
The integration of the financial companies under Minsheng Bank had also been completed. Now, it was a good opportunity for them to expand while the other banks were being cautious.
Many banks do not dare to handle certain businesses because they have lots of non-performing assets. For example, some of the riskier or less profitable businesses were rarely involved in.
They did not dare to do high-risk things, but Minsheng Bank could do it after a detailed evaluation. They were not willing to do low-profit investments. Many of their businesses were in debt, and the money they earned would be gone after paying the interest. Of course, they were not willing to do such investments.
But Minsheng Bank can choose to do this kind of business. Although the profits are low, they can still do it. Their assets are doing well, and although their profits are not as high now, they can increase their customers. It is worth it in the long term.
Feng Yu was very satisfied with Minsheng Bank's overseas development. The speed was faster than he had imagined. The profits now did not seem to be very high, but when they raised enough funds, there would be more investment options, and they would be able to obtain higher profits.
A bank is the core of a consortium. Any large consortium has its own commercial bank.
On the one hand, it was more convenient to mobilize funds. On the other hand, he could use other people's money to help him earn money, and he could increase his ability to resist financial risks.
Feng Yu needed his own bank. When he was in China, there were many restrictions. Don't be fooled by the booming development of joint-stock commercial banks in China, but they were all controlled by the state.
As a purely private commercial bank, Minsheng Bank's development was too slow. In some places, it was not as good as foreign banks. Of course, foreign banks were not doing well in China, and Hua Xia was still under the control of state-owned banks.
Hua Xia had also studied the business models of Japan, the US, and other consortiums. They had also set the financial industry as their pillar industry. They felt that using commercial banks to raise funds, lend it out, or invest in other industries to make money was a good choice.
Hua Xia's reforms had never stopped, and he did not want to follow the old path of any other countries. This was because the national conditions were different, and he had to feel the stones to cross the river.
Now, his development was much smoother, but he realized that some of the national policies were implemented too early. For example, the national social security policy.
Although it hadn't been completed yet, some hidden dangers had already appeared.
For example, people were living longer, and the retirement period was getting longer. When they formulated this policy, they calculated the average age of people in their 70s. They felt that if one retired after paying 15 years of social security, the state would still be able to support them for another 10 years.
But now, it was not just 10 years. They had to support them for 20 years or even 30 years. The pension had to increase every year because of the rising prices, and the increase in basic wages.
Fortunately, they found a new way to solve this problem, and that was to use the pension to invest in some profitable enterprises, such as Feng Yu's enterprise.
They could not let the social security gap become bigger, and the country's income had to increase. Not only the tax, but also the increase in the state's investment income.
The country must control an important industry like the financial industry. Many people were afraid that if Minsheng Bank was not restricted, Minsheng Bank would use the celebrities of its shareholders, especially Feng Yu, to absorb deposits or raise funds through funds. The state-owned banks would be at a disadvantage.
The higher-ups wanted the finance, transportation, energy, food, and other industries related to the country, to be firmly controlled by the state.
Feng Yu did not object to this. If he was in that position, he would also make the same choice. This way, the country would be more stable.
Luckily, when Feng Yu asked Minsheng Bank to expand overseas, the government had given him some support.
For example, Minsheng Bank's cooperation with the state-owned banks had increased. The state-owned banks had expanded overseas earlier than Minsheng Bank because they had more capital.
After working with Hua Xia's state-owned bank, Minsheng Bank's business became more successful. No one objected to Feng Yu going overseas to earn money.
Everyone learned from each other and improved together. In his previous life, Feng Yu was not familiar with the banking industry. He was only good at investing in stocks, futures, funds, etc.
But in this life, he had learned from the banking industry and had many professionals to help him. His development in the banking industry was much easier than expected.
When Feng Yu was waiting for Lenovo Kingsoft's monthly sales figures, Masao Kameda called to inform Feng Yu that he has something important to ask.
Masao Kameda is in trouble? This is an important helper to Feng Yu, and Feng Yu must help him.
But when Masao Kameda told him what happened, Feng Yu was shocked.
… …
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