Chapter 1144 Hanhua Financial Holding Group
“Don’t be kidding, we all know that Lehman Brothers is impossible to be acquired unless...”
Jiang Xiaoyang’s eyes widened.
Xu Liang smiled and said: "Unless Lehman Brothers is hit hard in the upcoming subprime debt crisis."
Taking a deep breath, Jiang Xiaoyang couldn't help but say.
"How likely is it?"
"I don't know. But I estimate that it is at least 60 to 70% certain. And, according to the information I have investigated.
Lehman Brothers The toxic assets held in the asset pool include real estate-backed securities, collateralized debt obligations, compound CDOs, etc., which add up to More than 200 billion US dollars.
Even if it loses half of it, Lehman Brothers’ existing assets cannot survive.”
“Don’t be too optimistic. Lehman is one of the five largest investment banks on Wall Street. , is the pillar of the American financial empire. Once it falls, it will have a huge impact on the American financial industry
The Fed cannot remain indifferent. "
"You said bailout? "
"Hmm. ”
“That’s not necessarily the case. "
Xu Liang smiled.
The five major investment banks on Wall Street, JP Morgan, Merrill Lynch, Goldman Sachs, Lehman Brothers and Bear Stearns, with the exception of Merrill Lynch, were basically hit hard by the crisis.
JP Morgan suffered little loss.
The remaining three families were extremely miserable.
But Merrill Lynch and Bear Stearns were bailed out by the US government, but Lehman Brothers collapsed unexpectedly.
The collapse of Lehman also completely triggered the world's largest economic crisis since the Great Depression in 1929.
"Why do you say that? Do you know any secret information?"
Xu Liang shook his head, "That's not true. It's just a pure guess."
"If Lehman Brothers goes bankrupt, we There are two options.
First. , acquire all the assets and employees of Lehman Brothers outside the United States, as well as the Lehman Brothers brand, and then integrate our securities assets into it
Let Lehman Brothers become 'Hanhua Financial Holdings Group'. ' Its securities brands ”
"Second, Hanhua acquired the assets and employees of Lehman after its bankruptcy and gave up the Lehman brand."
Lehman was founded in 1850, has a history of more than 150 years, and employs nearly 13,000 people. Mann Brothers is undoubtedly one of the most well-known investment banks in the world.
The goodwill of this brand is top notch.
Jiang Xiaoyang thought for a while and shook his head.
“I think the second point is more suitable for us.
The reason is simple.
Finance is an industry based on confidence.
If customers lose confidence in the company, they will not become our customers.
Without customers, let alone Lehman, which was founded 150 years ago, even the world's number one financial group will collapse in two hundred or three hundred years.
If Lehman really goes bankrupt, unless we can take over their debts and repay Lehman's debts just like we did for Delong, the value of Lehman's goodwill will be zero.
In addition, Hanhua's goodwill is not as low as you think. "
Looking at the man in front of me, there is a hint of admiration in his eyes.
"Thanks to these years, Hanhua has far surpassed its peers in the field of venture capital, private equity and hedge funds. In return, we have the best reputation in the world.
In order to invest in our venture capital, private equity and hedge funds, many companies choose to hand over the company's capital increase and share expansion, bond underwriting and other brokerage services to us.
This has also allowed Hanhua Securities to develop rapidly, and its comprehensive strength has become one of the top 10 domestic investment banks in Asia.
If the overseas assets of Lehman Brothers can be acquired and maintained stably, even if it loses its U.S. business, it will become a world-class investment bank. "
Paused.
Looked at Xu Liang with beautiful eyes.
"Do we have to give up Lehman's US business? "
"It's not that we want to give up, it's that the Americans don't allow us to share their cake. ”
Finance is the backbone of a country and is related to national stability.
Americans know this better than any other country.
After all, he is an old robber and has rich experience.
So in this nominally free market, except for Americans themselves, no foreign capital can grow big.
“It is enough for Hanhua to be a boutique investment bank in the United States. Our roots are still in China.”
Jiang Xiaoyang nodded.
“Any more?”
“You are greedier than me.
Lehman’s overseas business accounts for half of Lehman’s overall revenue, plus After taking over AIA and Hanhua, it will be very good to successfully complete the integration.
If you are greedy, the only result will be indigestion.”
After giving him a slightly angry look, Jiang Xiaoyang said nothing more.
“After the smooth integration of Lehman Brothers’ overseas business and AIA, Hanhua Financial Holdings Group will be divided into five major subsidiaries.
First, Hanhua Financial, which is investment banking and securities.< br>
Including bond underwriting, brokerage, futures, wealth management, mergers and acquisitions and restructuring, etc.
Second, Hanhua Capital, venture capital, private equity and hedge funds.
Third, AIA.
Fourth, Standard Chartered Bank.
Fifth, Hanhua Trust, Hanhua Trust will merge with Hengyuan Trust, a subsidiary of Hongyan, to become the only trust institution under Xu's family. "
"Are you willing? "Jiang Xiaoyang smiled.
"There is nothing to be reluctant to part with. Some things are destined to be hidden. "Xu Liang said indifferently.
The main business of Hengyuan Trust is actually the asset list of various "Xu branches".
This kind of thing cannot be hidden from anyone who cares.
The merger of the two parties will not only complete the integration of resources, but also strengthen the strength.
"You can give it up. Is there any more?"
"In addition, I plan to separate Qinglong Fund, Phoenix Fund and Pacific Fund into two funds directly under the jurisdiction of Hanhua Financial Holding Group .”
"Why?"
"Because I have no intention of managing Hanhua Financial, Hanhua Capital, Hanhua Trust, Standard Chartered Bank and AIA through 'Hanhua Financial Holdings Group'.
They It is an independent subsidiary with independent legal personality.”
“Flat management?” Jiang Xiaoyang said.
“That’s right. Super large companies look dazzling, but in fact they can easily cause big company diseases, rigid internal management, reduced competitiveness, etc.
I don't want Hanhua Group to become like this.
Although it may be unavoidable in the end, delay it if you can. "
Even if the five major subsidiaries are not integrated into one, the independent branches have extremely large businesses.
"Then what is the significance of establishing the 'Hanhua Financial Holding Group'? It’s not just to sound good, right? "Jiang Xiaoyang said.
"Of course not.
The headquarters of Hanhua Group is responsible for the financial supervision, high-level personnel management, business coordination among the five subsidiaries, and the strategic management of the five subsidiaries.
For example, if the investment in a single business exceeds US$1 billion or more than 7 billion Chinese dollars, authorization from the head office is required.
Then there is the management of Qinglong Fund, Pacific Fund and Phoenix Fund.
Management of Hanhua Group’s own assets.
In short, what I want is a streamlined brain that can stay awake and function well at all times.
It is best not to exceed two hundred people. ”
After years of development, Hanhua’s assets have become very large. The equity assets alone include Netflix, Ctrip, Mengniu, Wuliangye, Procter & Gamble China, CYTS Holdings, Hynix, Anta, Capital Today, etc. 57 companies.
The largest shareholding reaches 30%, such as Today Capital, Qiandian Partnership, etc.
Then there are cash, treasury bonds, etc., which exceed 50 billion US dollars.
The latest chapter of this novel was first published on 6@9书#, please go to 69书吧 to read it!
“Two hundred people?”
Xu Liang nodded affirmatively.
In fact, it is best to keep it below a hundred people.
With no more than a hundred people, the company boss can accurately convey the business to every employee, eliminating countless intermediate links and maximizing efficiency.
But once there are more than a hundred people, management levels inevitably appear.
There is a layer between the top and bottom employees.
The devil 'office politics' will appear.
Efficiency drops rapidly.
"Do you think it's possible?" Jiang Xiaoyang asked.
"It is indeed impossible now, but it will not be certain in the future."
"Artificial intelligence?"
As a pillow person, Jiang Xiaoyang is very aware of some of his man's thoughts.
“Yeah.”
The emergence of AI can greatly save labor.
"Then you've got to wait."
"There will come a day."
——
The next day.
Capital International Airport.
A team of more than thirty people walked out of the airport passage pushing suitcases. The leader was a middle-aged man in a suit with meticulously styled hair.
Seeing this group of people appear, Xu Liang, who was sitting in a black Maybach, quickly got out of the car and led Lei Jun and other entourage to greet them.
"Dr. Liang, thank you for your hard work along the way. Welcome you and all the technical experts to the capital."
Looking at Xu who was holding out his hand from a distance and walking towards me with a smile on his face. good.
Liang Mengsong was surprised at first, then dropped his suitcase and held out his hands.
"Mr. Xu, you are so polite to bother you to come and greet us in person."
Although he said this, Liang Mengsong was still very happy in his heart and simply greeted us Through the ceremony, you can see that the other party really values yourself and the team.
At the end of last year, Lei Jun contacted Liang Mengsong through his old classmate at AMD AMD Semiconductor Company in the United States. Later, he went to Taiwan to have an in-depth talk with Liang Mengsong.
The famous Golden Caesar is going to enter the semiconductor field!
And no expense was spared.
Liang Mengsong was skeptical about this at first. Mainland Semiconductor has been weak for a long time. Entering the semiconductor industry at this time is full of risks.
As for investment, he has no doubts.
Boss Xu invested heavily in SMIC. In just one year, he spent nearly 20 billion US dollars to build four new factories for SMIC.
This kind of courage is the only one in the world.
But in addition to investing in SMIC, Boss Xu also invested heavily in BOE.
The investment amount is no worse than SMIC, or even stronger.
This speed of burning money is really scary.
It also made Liang Mengsong hesitate.
Too many people in this world are very ambitious when they first start, spending money and buying people, as if they want to do big things.
But halfway through, the funding gap became larger and larger, and there was no return in sight.
Started to become hesitant, anxious, and regretful.
Finally failed.
There are too many examples, and Xu Liang may not be one of them.
So he rejected Lei Jun’s first invitation.
But he didn't expect that he was still not discouraged and kept in contact with him to introduce Kunlun Industrial Group's development strategy and Xu Liang's ambitions to him.
Later, Lei Jun showed greater sincerity and gave him and his team a salary increase. He was given an annual salary of 30 million Chinese dollars, which was three times his salary at TSMC. People also get salary increases to varying degrees.
In addition, Kunlun Semiconductor also promised to bear the liquidated damages for the resignation of all members of his team and compensate all members of his team for their losses due to their resignation.
In addition to these, Lei Jun also showed Liang Mengsong the employee welfare community under construction in Beijing.
There are various types of units such as villas, duplexes, and ordinary residences. Employees are all assigned to move in for free after joining the company. After working for a certain number of years, they can buy houses at a price lower than the market price, or employees can directly receive real estate as gifts due to their outstanding achievements.
In response to the schooling problem for the children of foreign employees and those who have returned from overseas, Kunlun Industrial Group plans to build an international school to provide small-class, bilingual teaching from kindergarten to elementary school, junior high school, and high school.
SMIC has also invested in the construction of employee welfare houses and factory-run schools, but the specifications and standards of Kunlun Industrial Group are even worse.
Seeing these things, Liang Mengsong believed that Kunlun Semiconductor was serious.
After some thought, Liang Mengsong agreed to join Kunlun Semiconductor, but a new problem came again. TSMC set up various obstacles and did not want to let him go.
“Mr. Xu, I would like to apologize to you here.
I was supposed to come here last month, but... alas! ”
Liang Mengsong wanted to explain, but as he spoke, he realized that any explanation was unnecessary, because all the troubles were solved by Kunlun Industrial Group.
Xu Liang knew What the other party wanted to say smiled:
“Don’t mind it. TSMC is "reluctant to leave you", which further proves that Dr. Liang, the talent of your team, everyone is an elite. ”
The team of more than 30 people behind Liang Mengsong all stopped and looked at him with curiosity and even admiration.
When each of them submitted their resignation letters, TSMC took out the "golden handcuffs" clause:
It was agreed that 50% of the equity incentives would be handed over to TSMC's overseas companies for safekeeping. If they work for a competitor within two years after resignation, , deemed to be a waiver of unissued options.
The globally famous Golden Caesar in front of him waved his hand.
Pay it all!
Only then can they give up those options easily.
They also gave up the compensation in the non-competition clause. Mr. Xu in front of them promised to cover the whole situation and had already transferred part of the compensation to their bank account.
Some people have not yet reached the end of their working life, and the liquidated damages for early resignation are also borne by Mr. Xu in front of him.
They have not calculated how much Mr. Xu paid for them to come to work in the mainland, but their estimate is definitely not low.
Although Kunlun Semiconductor is a new company, they are still willing to work in such a company, and their days are very promising!
Xu Liang and Liang Mengsong exchanged a few words, then walked behind the latter and shook hands with more than 30 technical talents who came to seek refuge.
So down-to-earth! Much better than their boss Fu Tukang, the richest man in the Bay.
This is the second impression of more than 30 technical staff on Xu Liang. The first impression is that he values talents and is willing to spend money.
(End of this chapter)