Chapter 231: Don't treat marriage as a transaction 3
He put down the cup and explained: "To be precise, what I pictured is the Zheng family's Hualong Bank."
"Pure investment banks and funds are too risky. If there is a financial crisis, you don't know how many investment banks and fund companies will be wiped out."
"Even if there is no financial crisis, investment mistakes can cause a fund to fall directly from the top to the bottom."
"The best example of this is Tiger Fund. In 1998, Tiger Fund's total assets reached US$23 billion, making it the largest hedge fund in the United States."
"But then, a series of investment mistakes caused this once brilliant hedge fund to declare bankruptcy in 2000."
"An ancient saying goes: Wealth can be found in danger. When a person has nothing, he might as well give it a try. If he wins, he will rise to the top. If he loses, he will still have nothing."
"But once a person has a lot, he has to pay attention to the word "stability"."
"Walong Bank is a time-honored commercial bank with a history of 80 years. Based on the current stock price, its market value is nearly HK$200 billion."
"The characteristic of traditional commercial banks is stability, but the disadvantage is that they make money too slowly."
"So, traditional commercial banks are now actively developing investment banking."
"At one point, because the management of Hualong Bank is too old, its development has been poor in recent years, and it has frequently lost to small and medium-sized banks that are not as good as it."
"Two years ago, Zheng Shihua approached me and wanted to ask me to be the global CEO of Hualong Bank."
"That's when I met Zheng Tianai." At this point, Han Murphy paused, picked up the teapot, and added some water to the cup.
"As for why we wanted to marry Zheng Tianai, we have to talk about the Zheng family."
"Zheng Shihua now owns 51% of Hualong Bank's shares and is the absolute majority shareholder."
"In addition to Hualong Bank, he also owns real estate, trading, retail, energy, hotels and other industries. In total, he has assets of nearly 180 billion Hong Kong dollars, making him the richest person in the world."
"The richest man in the world has four children. The eldest, Zheng Tianxin, is an idiot and can be ignored."
"The second child, Zheng Tianai, is what outsiders call the real eldest daughter of the Zheng family. She graduated from Yale University and is expected to be a strong woman."
"The third child, Zheng Tianhao, was originally the successor in Zheng Shihua's eyes. Unfortunately, the eldest son of the Zheng family has no intention of doing business and wants to be a doctor."