Chapter 059 New Member
Zhou Yang is from the perspective of God, so he can easily peel off the cocoon and explain the whole story of a problem clearly. But for others, it is difficult to understand the future.
Xu Jinggan only replied to Zhou Yang the next day. He decided to temporarily resign from all his positions in the family business, Zhou Xing Real Estate, and then join the newly established Hong Kong Qionglou Real Estate Company naked.
While becoming the president of Qionglou Real Estate, Xu Jinggan will also invest HK$250,000 to invest and become a small shareholder of Qionglou Real Estate.
Although Zhou Xing Real Estate, a member of the Xu family, can only be regarded as a medium-sized real estate company in Hong Kong, it has been immersed in the Hong Kong real estate industry for nearly 20 years. It is only because of its relatively conservative investment style that it has been gradually surpassed by a group of latecomers.
But if Zhou Xing Real Estate can invest and develop in the Special Administrative Region, it will definitely be a guest of honor for the Municipal Party Committee and Municipal Government. As Xu Shixun's eldest son, Xu Jinggan can be said to be one of the most outstanding figures in the third generation of the Xu family.
Xu Jinggan worked in Zhouxing Real Estate for more than ten years. Compared with Zhou Yang and the Special Administrative Region Real Estate Company that had just been established for less than a year, his understanding and understanding of the real estate industry is naturally much deeper.
Therefore, for Zhou Yangneng bringing such a person to Qionglou Real Estate, the Special Administrative Region Real Estate Development Company naturally welcomed him. With Xu Jinggan's joining, the preparation progress of Qionglou Real Estate immediately accelerated a lot.
The new company was invested by Zhou Yang and Xu Jinggan in 1.25 million and HK$250,000 in cash respectively, of which Zhou Yang held 25% of the shares, Xu Jinggan held 5% of the shares, and the Special Administrative Development Company held 70% of the shares.
The company will establish a three-person board of directors as the highest decision-making body, the three directors are Zhou Yang, Xu Jinggan and Li Mingde. Among them, Li Mingde, as the representative of the major shareholder, the Special Administrative Region Real Estate Company, will serve as the chairman of Qionglou Real Estate Company.
The daily operations of Qionglou Company are fully controlled by President Xu Jinggan. The Deep Sea Special Zone Real Estate Company will send a group of employees to Hong Kong, but whether these employees can work in Qionglou is in the end or not is mainly determined by President Xu Jinggan.
At the same time, the SAR government is also very active in issuing US dollar bonds. Zhou Yang specially found a professional who had experience in underwriting bonds.
As mentioned earlier, Merrill Lynch is not without any tentacles in Hong Kong. It has established a financial company in Hong Kong together with Barclays Bank of the UK and RB's Nomura Securities, which mainly provides overseas investment services to Hong Kong customers.
As one of the shareholders, Merrill Lynch also sent some employees to the joint venture. However, as Merrill Lynch entered Hong Kong directly, its support for the Trident joint venture will definitely decrease and decrease in the future.
Therefore, the representatives who were originally stationed in this company naturally had to find another way out, either transferring them back to the US headquarters, or staying to join the newly formed Merrill Lynch Asia-Pacific Company.
It was also in this context that Zhou Yang's small team welcomed the fourth member, a standard WASP. The so-called WASP refers to white Protestants of Anglo-Saxons.
For white people, religion is often more important than country. In the Old European continent, Protestantism was discriminated against by Catholicism for a long time, but when it came to the New World, it was exactly the opposite.
This is also the fundamental reason why Hispanics and Irish people are unable to integrate into mainstream American society for a long time.
As for the financial field in the United States, there are also a large number of legends of ethnic confrontation. The two major camps of this confrontation are the Jewish consortium represented by Goldman Sachs and Rockefeller, and the WASP consortium represented by Morgan Stanley.
Zhou Yang had never had any in-depth contact with Wall Street before or after time traveling, so he did not know the authenticity of these legends. However, in the American society in the 1980s, racial discrimination was definitely much more serious than forty years later.
In 1980, the white population accounted for as high as 80%, and 80% of them were Protestants, which means that WASP in a broad sense accounted for 64% of the total population of the United States.
If you are not a WASP, you must be a minority, which is particularly obvious in the elite group. For example, so far, the only president in the United States who is not a WASP is Kennedy, who was eventually assassinated.
The reason why Zhou Yang came from New York to Hong Kong was not only in a hurry to obtain legal status, but also in large part because Hong Kong is more suitable as his home court for starting.
Zhou Yang remembers that a financial biography I read before traveling through time said that the head of the mortgage bond trading department of Solomon Brothers Company strongly stated that he only accepted new employees from WASP. So much so that the minorities in the entire company decreased rapidly in the following years.
Solomon's mortgage bonds and Dechuang's junk bonds were the most dazzling Gemini stars on Wall Street in the 1980s, and both departments made huge profits for their respective companies.
As long as you can help the company make money, even if you recruit J, D, or group X in the office during working hours, no one will take care of it. Not to mention the small racial discrimination, you should know that the equal rights movement in the United States in the 1980s was far from as high as forty years later.
If Zhou Yang is still in New York, even if Komansky gives him a D, he will probably take a lot of energy to deal with the tinted glasses he has made in the company.
But it is completely different in Hong Kong. Those self-righteous white people have long been eliminated in the fierce competition.
With the rapid rise of Chinese capital in the past 20 years, even Hong Kong underground governors like HSBC have begun to change their minds to support Chinese companies.
The white man who has joined Zhou Yang's team is named Harry Field, and he respects Zhou Yang's leadership very much. Harry Field is a Chinese Kung Fu fan who took the initiative to apply to work in Hong Kong two years ago.
Before he came to Hong Kong, he worked in the investment banking department of Merrill Lynch and personally participated in many bond issuance work. Compared to Zhou Yang, who dared to go out and blow around after reading a few books, he must be many times more professional.
The first suggestion Harry made after joining was to use the Deep Sea SAR government as the main body to issue US dollar bonds. He believes that investors' trust in government bonds is definitely higher than ordinary corporate bonds, so it is easier to lower the issuance interest rate.
But Zhou Yang directly rejected his proposal. According to the basic process of issuing international bonds, the issuer needs to accept globally renowned rating companies such as Standard & Poor's, Moody's, and Fitch to conduct credit ratings.
A Chinese local government actually asked foreign companies to comment on it. Is your SAR government the capital or the society?
Zhou Yang could guess what kind of attack the SAR government would face in the future, so as a gold medalist, he naturally had to consider the customers in advance.
Finally, the SAR government followed Zhou Yang's suggestion and established a new deep-sea special zone urban construction company under the Municipal Housing Management Bureau. Then, the municipal government transferred all the land in Luohu District that has completed the "three connections and one leveling" into its name as its main assets.
If such a newly established state-owned enterprise as the debt issuing entity, accepting the credit rating of a foreign rating company will naturally not cause much political and public controversy.
Chapter completed!