We are all reborn, who wants to be the richest man?
Chapter 456: Financial Industry in the United States
CCD is the abbreviation of Commercial Crime Department of Hong Kong Island.
"Sir Chen, it's Brother Yi's call."
"I understand. Please transfer the call to me."
Just after he got to work and sat down in the office, Chief Superintendent Chan Ka-ho, the head of the Hong Kong Island Commercial Crime Bureau, received a call from his boss.
"Brother Li, I am Chen Jiahao."
"How is the progress of the Nanyang Fund case? Are there any latest discoveries?"
"As usual, all other suspects involved in this case have been arrested, but we are unable to prosecute Rajarat, the owner of Nanyang Fund, due to insufficient evidence."
Chen Jiahao knew that whether Rajarat was arrested was the turning point and key to the case. If Rajarat could not be arrested, it would be useless to arrest and convict more people.
Now this case is no longer a simple economic crime. The people of Hong Kong Island are very emotional and some have begun to prepare to organize a march.
The headline of the newly arrived newspaper on his desk was exactly about this incident.
Hong Kong Island welcomes foreign elites to jointly build Hong Kong Island and share prosperity, but it definitely does not include despicable people who embezzle our wealth.
Without even reading the synopsis, Chen Guohao could roughly guess what the specific content of the newspaper was. It was nothing more than opposition to the Nanyang Fund, dissatisfaction with Rajarat, and finally a large number of Asians.
Yes, this matter has risen to a racial issue.
Whether it is the Asian elites dressed in fancy clothes or the large number of lower-class Asians who have fled to Hong Kong, these people are now causing great harm to the economic environment of Hong Kong Island.
"Secretary General Peng Lizhi has now begun to inquire about this case, and the Hong Kong government has decided to take measures against illegal immigrants of Asian descent. You are the breakthrough point, so I will only give you three days."
"Three days? Isn't that too short? The previous evidence is of no use to Rajarat. If we want to catch him, we can only wait for him to commit a crime again. Three days is not a long time."
This case is too difficult to handle in three days. Chen Guohao still wants to try harder.
……
Time goes back to three days ago, in Luo Nianzhong’s office in Tianquan Building, Bauhinia headquarters.
"Nanyang Fund?"
"That's right. According to our investigation, Nanyang Fund can accurately predict the rise and fall of Far East Chip every time. In more than a year, it has earned more than 40 million Hong Kong dollars in profits in the stock market."
"So, there was a problem within our organization. Someone leaked the internal information of Far East Chip that could affect the stock price to the other party in advance. That's why the Nanyang Fund was able to bet on the right stock every time."
Regarding what Du Huilian reported, Luo Nianzhong thought about it and looked at Welch and John Baibo who happened to be there, wanting to hear their opinions.
Welch did not speak, but gestured to John Whitebo, an assistant he was satisfied with.
"From the information provided by President Du Huilian, there is no doubt that Far East Chip has an insider.
As for the personnel, I prefer the Indians."
As soon as John Baibo's words came out, Welch and Du Huilian were stunned, their faces changed, and even Luo Nianzhong's eyes shrank.
Race, this is a big issue.
Since Hong Kong Island is basically populated by immigrants, there is basically no racial discrimination and the population is very tolerant. Even the Far East Group, a giant with a wide range of skin colors and races, has been trying its best to avoid this situation.
But all the core senior executives know that Luo Nianzhong, the big boss of the group, does not like the Indian ethnic group or the country.
The Far East Group has a large number of factories in many countries in East Asia, Southeast Asia and South Asia, but very few in India, most of which are Watsons and local food companies.
No one knows why Luo Nianzhong doesn't like this country, but knowing that he doesn't like it is enough.
Even the big boss Luo Nianzhong did not say that he would take action against the Indians within the group. Now John Baibo has linked these two things together, which is quite interesting.
In other words, John Baibo personally gave the evidence of the crimes committed by the gang members to Luo Nianzhong. It was up to him to decide whether it was an individual or a group.
As for Luo Nianzhong, his heart was churning because of John Baibo's words.
Individuals or groups? Why not ethnic groups?
"Let's leave it at that. I'll let others investigate next."
This matter is neither big nor small for the Far East Group. If it is just a profit of 20 million Hong Kong dollars, it is not enough for them. But once investors form a craze and raise a large amount of funds, it will have an impact on Far East Chip in the stock market.
This is what happened. Since John Baibo pointed out the Indians, they couldn't say anything more. As for how Luo Nianzhong handled it and who he found to investigate, it had nothing to do with them.
"Let's talk about the United States."
Morgan Stanley has successfully gone public. Although the stock price fluctuated at the beginning, the stock price still reached expectations after it announced that it would participate in Texas Instruments' financing and lead the investment.
Robert is now in New York discussing with Morgan Stanley the details of the Luo family joining Morgan Stanley's board of directors and Texas Instruments' pre-IPO financing. This matter is very cumbersome, and it would be good if the relevant work can be completed by the end of the year.
But Texas Instruments can't wait any longer. With the mass production of new DSP chips and huge market demand, capacity expansion has become imminent.
Luo Nianzhong must quickly take over the analog chip market. He cannot wait until other companies catch up before making an effort.
There is also the capital on Wall Street, which is very anxious about this matter. Didn’t you see that Morgan Stanley is willing to use a large amount of stocks and a board seat to promote this matter?
In fact, Da Mo is more anxious than Luo Nianzhong, because the benefits they get are no less than Luo Nianzhong.
The 15% stake of TI that was financed was given to Morgan Stanley. Other Wall Street capitals were equivalent to buying TI shares from Morgan Stanley. How could he not be anxious?
It’s not that Luo Nianzhong doesn’t want to talk to other Wall Street capitals, the key is that they are even more fucked up. Those small commercial banks don’t want to let go and are unwilling to give seats on their own boards.
It can only be said that Wall Street has a tacit understanding and only gave up one board seat of a bank, so Morgan Stanley can exchange this board seat for more benefits.
While other Wall Street capitals are satisfied, Luo Nianzhong can also accept it. It can be considered a win-win situation for all three parties.
“Since we choose to develop slowly and start from a young age, I agree with Robert’s suggestion.
Colorado is now our base in the United States. We will first take over Colorado's banking industry before moving on to other areas."
With Cowie's victory in the election, he became one of the two federal senators representing Colorado, and basically half of the state's government power was controlled by four families.
No matter what Luo Nianzhong thinks, at least Colorado's financial industry is better controlled by the Luo family than by external forces.
So after Robert visited Colorado in the United States, he proposed to first acquire the Bank of Denver and McKesson Financial, a company with a strong presence in Colorado.
Bank of Denver is one of the largest banks in Denver and its surrounding areas, with a coverage area mainly in the Aurora metropolitan area of Denver and seven branches.
McKesson Financial is mainly active in southeastern Colorado. Although it has 16 branches, more than Bank of Denver, its depositors and market value are less than two-thirds of the other.
The main reason for this is that the cities in southern Colorado are sparsely populated, and McKesson Financial's branches are all in small cities and towns.
These don’t matter. The real reason why Robert chose these two banks is the convenience of acquisition.
The Bank of Denver has too many shareholders. The financial industry in the United States is not very prosperous right now and can only barely maintain its position. It can be said that it will be sold when the price is right.
McKesson Financial is even easier to deal with because the company is about to go bankrupt. The fundamental reason is that due to the economic stagflation, many of its loans have now become bad debts.
Now that Colorado has begun its economic transformation and even the United States is abandoning its manufacturing industry, how can those small regional manufacturers that McKesson Financial has loaned money to survive?
Coupled with the expansion of ParknShop and 724 FamilyMart in Colorado, a large number of high-quality and low-priced products have once again impacted them.
Let’s take the paper mill as an example.
Because there are Rocky Mountains to the west, there are many paper mills in southern cities of Colorado.
But the paper used in hundreds of supermarkets is all manufactured in South Korea, and the shipping costs and taxes are lower than local costs. It would be strange if these paper mills were any good.
Luo Nianzhong is not good at the development of the financial industry. Without the help of the future prophet, he has no good solution for the time being except to agree with the opinions of the two.
After learning the operation and risks involved in detail with Du Huilian, Luo Nianzhong nodded and agreed to Robert's proposal.
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