Hong Kong Movies: The Boss's Global Empire

The slogan has become: Don't let Li Huanggua run away...

Later on, foreign capital left.

We need Hong Kong businessmen like Li Huanggua again, and public opinion has turned into him being patriotic...

Lu Wendong really knows what public opinion is.

He's always had this idea.

But I never had the chance to realize it. Now, on a whim,

There is enough cash on hand.

So I thought of making something like a newspaper.

Chen Taotao pondered: "Mr. Lu, it is good to have newspapers, but..." He couldn't say it all at once.

In fact, I think we should first consider the risks and feasibility. For example,

Should we ask a professional organization to prepare a feasibility report? Lu Wendong laughed.

He explained, "Mr. Chen, you don't know that Wheelock owns a newspaper company, and it's been doing sluggishly." "Uncle Tong asked me whether I should sell it at a low price or keep it."

"I haven't made up my mind yet." Mainly because Lu Wendong couldn't take care of these things. Before,

He is fighting with Shark Dantong.

Now that I have finally freed up my hands, I finally have time to think about these things.

So I prepared to study it carefully.

Chen Taotao nodded: "So there is a ready-made team." "That's right."

"The printing house, office space, and distribution channels are all readily available."

Lu Wendong said: "What we need to do now is nothing more than upgrading, or making a strategic change."

Since the existing newspaper is sluggish,

This indicates that there are major problems in its operations.

Then naturally we have to make some strategic changes. Chen Taotao breathed a sigh of relief.

It turns out that the boss is not just imagining things, but building on the existing foundation.

He smiled and said, "Boss, in this regard, I think we should consult Miss Le more. She is the expert." Lu Wendong nodded with a smile, "That's what I think too."

In fact, as soon as the idea came up, Mr. Lu had already had an idea. Before the widespread use of the Internet, paper media had a golden decade.

Later on, we can take advantage of the Internet to transform into a portal website and start focusing on online reporting.

This is a gradual development path, and Lu Wendong believes it is very feasible.

It doesn't matter if it doesn't work out. No business can be a huge success, so you have to give it a try.

Lu Wendong immediately notified Le Huizhen to come over.

Then he said to Chen Taotao, "Mr. Chen, I have an idea, although it's a bit radical. - "Have you noticed the changes in the Overseas Trust Bank?"

Chen Taotao was stunned.

Overseas Trust Bank? How?

The boss likes it?

Isn't this a bit aggressive... You know.

This is a big bank with deposits exceeding 300 billion.

Chen Taotao asked cautiously, "Boss, you're not thinking of acquiring Overseas Trust Bank, are you?" Lu Wendong gave him an encouraging look: "Not just thinking about it, but really wanting to."

Chen Taotao smiled bitterly: "Boss, this thing is not easy to make. I'm afraid it will cost at least 20 billion." This is an absolutely huge sum of money!

Lu Wendong knew immediately that Chen Taotao had studied overseas trust banks.

He laughed heartily and said, "Don't worry, Mr. Chen. I have one good point. I will neither underestimate myself nor be reckless and reckless."

"Mr. Chen, have you noticed? In October of this year, Mr. Huang, the chairman of Overseas Trust Bank, suddenly announced his resignation." Mr. Huang's name is Huang Changzan.

A senior banker.

He is highly respected in the banking industry.

No one will fire him.

Then he suddenly resigned...

Chen Taotao nodded slowly: "Yes, very strange."

Lu Wendong continued, "I read the newspaper and the report about Overseas Trust was quite interesting." "Zhuang Qingquan, a member of the board of directors, also announced his withdrawal from ICIL and Overseas Trust."

"I later investigated and discovered that Mr. Zhuang was involved in a conflict with Wu Huirui, the wife of Mr. Zhang Mingtian, the founder of Overseas Trust Bank, and his son Zhang Chengzhong." "After Mr. Zhuang withdrew from Overseas Trust Bank, the Zhang family withdrew from Hang Lung Bank and Dainui Financial...

Here's the interesting point,

Overseas Trust Bank has very close relations with Hang Lung Bank and Diners Club Financial Group.

Lu Wendong continued to recount what he had read in the newspaper: "Later, Overseas Trust Bank sold the Chinese Bank, which it had acquired just two years ago, and planned to sell the Industrial and Commercial Bank of China."

Chen Taotao's expression grew increasingly grim. "I never thought Hang Lung's crisis would involve Overseas Trust Bank." "No wonder the Hong Kong government broke with convention and took over Hang Lung immediately."

"It seems the 81 stock market crash affected a wide range of people, and many secrets have probably been hidden behind it." Lu Wendong smiled and said, "Mr. Chen is very observant."

"I've researched Overseas Trust Bank and believe it may be involved in a check-wheel scam." "What?"

Chen Taotao was shocked.

He stood up and said: "This is a collusion between insiders and outsiders, there is a traitor." The check scam mainly takes advantage of the difference in time zones.

and the time differences in processing checks across different locations.

Using a check that can be cashed to provide margin for trading, but withdrawing funds from the account after the transaction is completed,

Make the check become uncashed. The operation method is very simple.

For example, when exchanging foreign currency checks between local banks in Hong Kong and overseas banks, it took about 6-8 days to verify the exchange. The fraudsters' method was very simple.

He sold a foreign dollar check to Haituo for cash, and then before the check payment deadline,

Cash the first check by issuing a second check, and so on.

Used for circular cash withdrawal.

Why did Chen Taotao's first reaction suggest collusion between insiders and outsiders?

This isn't the first time a cheque scam has occurred. How could banks not have preventative measures?

Generally speaking,

The bank will only issue it to people they know.

If, as Lu Wendong said, the Overseas Trust Bank has been caught in the check crisis, it means that its scale is already very large.

There must be collusion between senior bank executives and them.

Lu Wendong nodded slightly: "I think it is very likely." Of course it is possible,

He has already shorted Overseas Trust Bank once.

Chen Taotao said, "So the Overseas Trust Bank is still covering up this." Lu Wendong snapped his fingers, "Amazing."

The reason why banks are caught in the check cycle is that

On the one hand, it is because the US dollar check helps banks earn high fees and the difference in the US dollar exchange rate.

It can also enhance its exchange rate bargaining power, thus leading to a significant increase in its turnover on paper, which is a positive factor in the market.

The stock price has skyrocketed.

In theory,

When the market is good, this is not a problem.

Because the check wheel itself does not make money for the merchant,

This is because merchants have to sell dollar checks to banks at a discount, which includes high handling fees and the dollar exchange rate difference.

Merchants use the cash they receive from discounted dollar checks for investment and to maintain the operation of their check wheels. Chen Taotao's face was heavy. "It seems the hole is already quite large."

Lu Wendong nodded: "I guess the deficit will not be less than 5 million." This is a deficit,

An irreparable loss!

To know,

Overseas Trust Bank itself also has liabilities. If the news gets out,

Overseas trust banks are not just a matter of being run! (Mahao Zhao) Chen Taotao is an industry insider.

He then continued, "The short position created by the round of checks would have been discovered by insiders. Since it hasn't been exposed, it means they chose to play a numbers game to cover up the short position created by the round of checks."

The banking industry's number game is naturally lending. In banking business,

Lending is a normal investment for banks.

It is regarded as the bank's future profit income. False lending can create book profits.

It can also cover up the bank's losses caused by the check round. Of course, the numbers game is the numbers game.

It can't last long

So we have to go back to what Lu Wendong just said: "The numbers don't lie." "Now it seems that this series of stock withdrawals and market selling is related to this." Chen Taotao was impressed: "Boss, your vision is really unique."

He was really full of admiration.

Chen Taotao knew how busy Lu Wendong was, and in his spare time,

It can also judge internal problems of overseas trust banks through announcements.

Chen Taotao was deeply impressed by the observation, patience, and judgment.

"but."

Chen Taotao also said: "Boss, overseas trust bankers have big businesses, I'm afraid it's not that easy to talk to them." Last time Lu Wendong shorted overseas trust banks,

Bank run across Hong Kong,

that's it,

They are still operating.

"Even if it can be done, it will cost at least 20 billion, or even 30 billion." Lu Wendong's family didn't have a money printing machine.

Since this time,

He acquired Hutchison Whampoa and Chinese Estates Holdings, and now he has taken over the Grand Hotel Group.

How much money can be left in hand? Of course,

Lu Wendong can also raise money through these listed companies launching rights issues, but the problem is that

If we fail to acquire Overseas Trust Bank by then, we will be in big trouble!

The stockholders will not indulge Lu Wendong just because he is handsome!

The stock price of the Lu Kingdom might plummet. "It's okay, it's okay."

Lu Wendong smiled and said, "I have money." "No big deal!" Another point.

Lu Wendong also has a biggest advantage,

He smiled and said to Chen Taotao: "I'm not afraid of bad debts." Lu Wendong really is not afraid of bad debts!

Since we are opening a bank,

Due to various reasons,

There will definitely be bad debts. Even a strong bank like HSBC is no exception.

For example, bad debts on credit cards, bad debts on loans, etc.

One of the businesses under the Hongxing Group is to help banks like HSBC collect debts.

This is a legitimate business.

I also registered the company.

The business is directly managed by the society.

When necessary, it will be distributed to each hall for management.

Lu Wendong has already merged it into the Hongxing Development Fund. What's the next step?

He plans to merge the assets of Hong Tai and other organizations into the Hong Xing Development Fund, truly realizing the "Hong" concept of "you are in me and I am in you"!

Chen Taotao mustered up the courage to ask, "Boss, I heard you're involved with Zitou?" "No."

Lu Wendong shook his head.

Chen Taotao said happily, "So they are just spreading rumors?"

"I'm the leader of Hongxing, how can I be involved?" Chen Taotao was confused.

He murmured, "Hong...Hongxing leader?" Even if Chen Taotao came back from America,

He had also heard of the name Hongxing; it was a household name!

Chen Taotao never thought it was true!

Lu Wendong smiled and said, "Taotao, you come from Wall Street, so logically speaking, this shouldn't be surprising."