Chapter 38 The Bank That Makes Money (3/3)
Regarding the cliché question of "How rich is Han Xuan?", his net worth is twice as high as the total net profit of the Fortune 500 companies in 2004, which has led to fewer and fewer companies that can attract his attention. Many companies that can make money, especially those that can make long-term profits, were bought by him.
However, this time, I heard that the large banks on the other side of the Pacific that originally belonged to the country were preparing to restructure in the near future, but they still successfully attracted Han Xuan's interest because the profits in this were too large. If they operated well and successfully acquired some stocks, they could make 10 billion US dollars a year.
In his hands, there are not many companies that can make 10 billion US dollars a year. Take Blueberry Group for example. The profit is not only 10 billion, but its revenue is still increasing year by year. It is expected that in another four or five years, the net profit of 100 billion US dollars a year may exceed 100 billion US dollars. Therefore, Han Xuan was reluctant to release shares of Blueberry Group.
But looking around the world, there are definitely not many investment projects that can bring in 10 billion US dollars of income every year. Of course, he is very moved. The experience brought by rebirth is constantly getting less and less. As time goes by, one day it will be used up. Regarding this reform of China's bank shareholding system, he has been waiting for a long time, and it is a super potential stock that must seize shares.
Nowadays, Han Xuan’s annual net worth has increased by more than the growth rate of China’s GDP, which has a lot to do with those experiences.
I know clearly how much money those banks make. I still remember that there is a news that the top ten banks combined have a net profit of up to hundreds of millions of dollars a year, while the total income of insurance companies and other financial institutions is as high as more than 20 billion US dollars, three barrels of oil, two networks, three major telecommunications, five major power, five automobile groups, eight military industrial groups, etc. The net profit of many companies is also as high as nearly 100 billion US dollars.
If he has the opportunity, he will not let go of these high-quality investment opportunities for high-quality enterprises with the right time, place and people. Several major banks are the top priority!
Han Xuan couldn't help but look at the west side. In fact, he couldn't see anything, but the sky turned yellow, which reminded him of gold.
Unlike European and American countries, compatriots on the other side of the ocean like to put money in banks, not like it, but have no investment concept and market environment. About 75 to 85% of a country's funds are placed in banks, and they are still stored in banks at limited low interest rates.
Such a large amount of money is terrible just by applying some oil and water. Huamei Bank has worked hard to make some money. However, according to the traditional profit model of the other side: depositors save money, and banks re-live them, almost making money while lying down.
He took a breath and said to the executive Anthony: "Of course I am interested. If you don't invest in this, how can you be embarrassed to say that I have played finance when you go out?
The interest rate spreads in the United States, Europe and other places are strictly controlled at around 0.5%, but on the other side, it is between 6% and 7%. If you grab shares, you must invest!
Referring to the economic growth rate, I think the profit growth rate of these banks will remain above 10%, reaching 20%, and I don’t think it’s surprising that we have obtained 19.9% of Pufa shares and 19.9% of Ping An Insurance acquired from Citigroup and Morgan. I remember that Minsheng also has 4.65% of shares, right?
They have brought enough profits. This time, several major banks have opened up, so we should mix together, even if we spend more money, we are willing to do so!”
After hearing such good news early in the morning, Han Xuan, who was in a state of sorrow because of Old Patton, became excited. Executive Anthony next to him poured him a cup of coffee, shrugged and told him helplessly:
"Don't ask me about this. Xueshan Group has handed over the financial industry to Star Investment and your charity foundation. Now it is honest in its business and occasionally invests in foreign countries.
I just heard this news unexpectedly, so I told you that the news found by the Snow Mountain Group Huaxia Branch is believed to be known by Star Investment, and maybe it already, but it may not be possible to tell you.
So don't ask me about how many shares you hold now, it's certain that you make money, and you have indeed invested a lot there. Recently, a host of NBC TV station also said that you are not investing in the United States, but helping your competitors, don't be angry. I have called you to Mr. Jeff Immelt, the executive officer of General Electric.
Jeff has a good relationship with me. Before he took over the executive position from Jack Welch in 2001, he played cards with me several times and occasionally played golf. He also bought a house in Shiqiliwan, not far from my house.
By the way, can I get the money I lost in playing cards be reimbursed? I have lost several million dollars recently. You know, I play cards for societies, so I should be able to get reimbursed, right?"
The previous content was serious. When Han Xuan heard Mr. Anthony's last words, he was stunned for a moment. He really wondered whether he should be reimbursed. After a moment, he came back to his senses and asked him laugh and cry: "Then will you give me the money you won?"
"Of course not."
"Isn't that enough? How can you say such a shameless request?
If you organize a cocktail party, or a lecture or something, I am willing to bear this part of the expense."
Han Xuan sat in a chair belonging to Anthony's executive with a cup in his arms. His relationship was so good that he didn't need to pay attention to these trivial matters. As the only CEO of Xueshan Group from the beginning of its establishment to the present, the two had enough tacit understanding and trust. When Han Xuan was very young, his relationship was like a friend, not to mention now, he wouldn't care about each other's harmless jokes.
"It's a pity, I thought you would say reimbursement."
Executive Anthony also sat opposite him with a cup and continued: "Don't look at how Jobs of Apple is being treated recently, and he looks very sick, but his luck in playing cards is very good.
I just won a 1936 Mercedes-Benz 540k from Mr. Dell last week. If you want, you can go find Jobs."
"I have this car. I really envy you guys. They all live in Silicon Valley for a long time and can come out to get together for nothing. Next time there is a card game, remember to call me, let's play a new poker game, the name is called Fried Golden Flower. Don't worry, I will bring enough money.
Is his situation still okay recently? Apple has just improved a little, and it is not possible to lose it at this stage. If you have money, you can invest in some Apple stocks. I think there is a lot of room for appreciation in the future. It is unlikely to surpass Blueberry Group. However, its market value is not high now, and it is barely only 10 billion US dollars. If there is no problem, it is likely to double within ten years.
Chapter completed!