With Liu Chuanzhi's interruption, Liu Yonghao remembered what he was here for today. He was here to meet Feng Yu to talk about setting up Minsheng Bank. But when he talked about the Guangcai cause, he forgot about all these.
"General Manager Feng, I didn't expect your business to be so big."
"It's not that big. Compared to many international companies, it's nothing. It's just that my business is more complicated." Feng Yu replied humbly.
"If General Manager Feng's business is not big, then what about us? General Manager Feng was too humble. Chuanzhi had told you about Minsheng Bank. What are your thoughts? "Liu Yonghao asked.
"We can invest in this bank. But there is a problem. Which one of you knows how to run a bank?" Feng Yu asked.
Feng Yu knew someone who was familiar with banks. It was Li Zekai. When he was in Canada, he had worked in a bank.
"We don't know. But Minsheng Bank still needs the government's shares. That means there will be professionals to run the bank. We don't need to worry about this. The biggest shareholder of the bank should be China Life Insurance Company. We are the shareholders. "Liu Yonghao explained.
It was the same as his previous life. Although it was allowed for private banks, the biggest shareholder was still the government. It was just that the bank had become a shareholding company, and the bank's operations and income were more transparent.
If this was the case, then there was nothing wrong with it. In Feng Yu's previous life, Minsheng Bank had been doing well. Especially after 1998, it had grown even faster. Of course, at that time, all the commercial banks had reached their peak.
But there was one thing that had restricted Minsheng Bank. Many state-owned banks' policies, including provident fund and housing loans, were not open to Minsheng Bank at the start. This had affected Minsheng Bank's development.
If Minsheng Bank was treated the same as the state-owned banks, then it would be even better!
China Life Insurance Company, the future Hua Xia Life Insurance Group. This was the world's most valuable life insurance company, and they had a lot of funds. It was also because of this company that Minsheng Bank was doing well. Next year, China's Insurance Law will be introduced, and it will be a period of rapid growth for the insurance industry. The income of life insurance companies will increase.
Insurance and banks working together. This was a successful model in other countries. They used the amount insured by their customers to lend and invest, and the money they earned was used to pay the insurance compensation due to the policyholders. If there were no banks, how would they use their insurance claims? How would they earn interest from the bank?
It can be said that it was because the government wanted to develop the insurance industry that Minsheng Bank was born. It was not because of these private entrepreneurs' suggestions, and the government agreed.
"How much is the initial investment for this bank? How many companies are needed to set up the bank? What is the maximum number of shares that private investors can own?"
It's impossible for Feng Yu to own the controlling shares and become the major shareholder. But he can use the names of many companies to invest in the bank and occupy a few seats on the board of directors. He will still have a say in the bank.
He did not expect to be able to control the banks as he pleased, as the country would definitely not allow it. However, he could not allow others to control the banks as they pleased and disregard his opinion.
"The initial investment amount is 10 billion RMB, and we can own 49% of the shares. But there is no rule that the shares cannot be traded in the future. There is also no rule on the number of companies. But we are thinking of setting up at least 10 to 20 companies. This way, we can share the risks. "Liu Yonghao explained.
10 billion RMB was not a lot to Feng Yu. But it was not worth it to invest too much now. Whether it was Russia or the US, Feng Yu could afford to invest 10 billion RMB.
But with China's current economic situation, and Xinsheng Bank had so many strong competitors, the profits will not be high. Luckily, the bank was operating normally, and there was no risk of losing money.
Investing in the bank was for the future. If Feng Yu could become the major shareholder of Minsheng Bank, it would be easier for him to manage his capital in the future. Also, banks were closely related to the government's policies. Investing in Minsheng Bank would allow Feng Yu to know the direction of the government's policies earlier.
Feng Yu suspected these bosses were doing this to know the government's policies. This was because the bank does not have any hopes of making money now. But if the bank could get listed in the future, it would be able to make a lot of money.
"Mr. Liu, can I introduce a few big bosses or companies to invest in this bank? Can Hong Kong businessmen do? "Feng Yu asked.
"Hong Kong businessmen? I'm afraid not. Although Hong Kong will be part of China, the policies will be slightly different. One country, two systems. Also, Hong Kong had not returned to China yet. What if those people become foreigners? What will happen to the shares? "
"But don't we have foreign banks in China?"
"But this Minsheng Bank is different. China Life Insurance is one of them. This bank cannot be affected by foreign investments. If you want to introduce a big boss or a big company, it's fine as long as the company is clean and capable. But this company must be Hua Xia's company. "
"What about Hong Kong shares? But it must be Hua Xia's controlling stake. Can it be done? "Feng Yu asked.
If this cannot be done, then Wind & Rain Electronics, Wind and Rain Home Appliances, Aiwa Electronics, Aiwa Home Appliances, etc. will not be able to do it. Even Bing City's Machinery Company will not be able to do it.
"You did not say that this cannot be done. I will help you ask around. Can you tell me which companies are these companies? "Liu Yonghao asked.
"Bing City's Machinery Company, Wind & Rain Electronics, Aiwa Electronics, Wind and Rain Home Appliances, etc., Wahaha Group, Aiwa, Tai Hua Trading, Tai Hua Agricultural Products Company, Tai Hua Supermarket, Bing City Pharmaceutical, etc. You can also add Wind and Rain Logistics, Quanjude, etc."
Liu Yonghao knew that Feng Yu has shares in the first few companies. Some of these companies might even be controlled by Feng Yu. This was why he could tell from the names of these companies. Wind and Rain, Aiwa, Tai Hua, etc. must be related to Feng Yu. But Feng Yu did not expect there to be so many companies.
Feng Yu knew that Feng Yu has shares in Bing City's Machinery Company. But Wahaha Group, Bing City Pharmaceutical, etc. are related to Feng Yu?
Feng Yu admired Zong Qingxian from Wahaha. He started his business from children's health supplements, and the scale of his company had been expanding. Does Feng Yu have shares in this company, or is Feng Yu only acquainted with Zong Qingxian?
Also, Bing City Pharmaceutical had started last year. Even if they do not advertise on CCTV, their health supplements should be making lots of money. Is this company also related to Feng Yu?
Wait. Why did Feng Yu mention so many companies? Is he thinking of participating in all these companies and get a seat on the board of directors?
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