Chapter 491 [Show favor to Sandus]
The facts were as Wu Guangyao expected. When the application for the franchise at the air transport station was submitted to the Hong Kong government, someone from the Hong Kong government immediately informed Jardinet Foreign Business;
Finally, Jardinet Foreign Company also joined in and became a shareholder of the air transport station;
Of course, as the initiator of this incident, it is also the most powerful company, and Global Group exclusively owns 40% of its shares.
The Air Transport Station Building is expected to be completed in 18 months, and the Air Transport Station is expected to be officially launched in two years!
There was also news from the United States that Boeing designated Hong Kong Island Airlines as one of Boeing’s aircraft maintenance fleets;
Of course, this does not bring substantial profits, it is just a name!
However, even if it is a name, Cathay Pacific will not give up following. I am afraid that Cathay Pacific will negotiate with Boeing in the United States next.
.........
Global Building, Group Conference Room.
The directors of HSBC Bank at Global Group are Sandas and Chen Bi, and the two attended the group meeting;
HSBC has always pursued the principle of not participating in the specific operations of Global Group, but only supervising the financial status of Global Group and enjoying dividends. It is precisely because of this that Wu Guangyao feels that HSBC's success in Hong Kong Island is not accidental.
Judging from HSBC's experience in previous lives, the two senior HSBC members, Sandas and Shen Bi, have one thing in common, that is, whether it is Chinese or British, HSBC only looks at profits and only helps people and companies that can bring profits to themselves.
"Banks are not political institutions, national fortresses, nor charitable groups. Banks are banks." Chen Bi, in his previous life, often taught radical employees.
Chen Bi's view is undoubtedly somewhat similar to the Chinese businessman's saying "Business in business"!
The views of Sandashi and Chen Bi even influenced most of the HSBC management;
A HSBC supervisor in his previous life also said: "Two ships, one of which belongs to the compatriots and the other of which belongs to foreigners; the ships of the compatriots are sailing into the strong winds and waves, while the ships of the foreigners are in the calm seas; then HSBC will definitely support the safer ship to continue sailing!"
Perhaps it is precisely because of this that HSBC in his previous life was not a little bit successful than Jardinet’s foreign company!
However, after 1984, Jardine Massachusetts invested heavily, which had a very bad impact on Hong Kong Island;
Because everyone imitated and moved the company to offshore to register.
"The meeting will begin!" Wu Guangyao said.
The crowd gathered their minds. Global Group is a world-wide large company, with great scale and influence;
Shipping and ports are undoubtedly the most successful investments at present. If shipping may still have a crisis, then the 39 ports of Global Group are undoubtedly a huge asset.
He Yuanzhang, as the president of the group, said first: "Although the shipping industry is still hot, the profits of Global Shipping are gradually declining, which is worthy of our vigilance!"
"Is the decline in profits caused by the reduction in freight rates due to the increasing number of ships being launched?" Sandas said.
He Yuanzhang nodded and said, "Not only that, after the freight rate is reduced, as our competitors begin to increase, we also need to adjust the discount intensity, otherwise it will be difficult to ensure that the business will not be lost! In addition, the rapid increase in labor wages in Hong Kong Island is also the reason for the decline in profits."
In fact, He Yuanzhang said that Wu Guangyao had foreseeed it;
In July 1967, the Suez Canal was closed, so the world's oil tanker business was absolutely in short supply, and it can be said that it was scarce by about 40% of the transportation volume;
It is precisely because of this that global shipping can make a fortune;
At that time, the ships of Global Shipping had a load capacity of 17 million tons, which was achieved only in 1978 in his previous life.
It is precisely because of this that Wu Guangyao can be said to have earned several times more shipping money than Bao Yugang in his previous life.
Now that new ships are launched one after another, Global Shipping naturally needs to adjust the charging standards, so profits may be relatively reduced;
But it will not hurt the muscles, because the Suez Canal is still closed, and the oil tankers are still in a balanced number;
The real period of damage to the muscles was the occurrence of the "oil crisis" in 1973, prompting European and American countries to open their own oil fields one after another. Japan even reserved a large amount of oil within half a year, and demand naturally fell later.
Wu Guangyao said, "How much is expected to decrease in profit this year?"
Gao Ke said, "About 10%!"
Wu Guangyao, Sandashi and others breathed a sigh of relief at the same time. Although the profit was reduced by 10%, it was a full $100 million, but everyone was very acceptable;
Many companies have reduced their profits, but this is a 30% reduction, which is fatal!
Wu Guangyao pondered for a moment and said, "Let's do this, this year's Global Group's profit is about US$1.15 billion, and it takes out US$800 million to shareholder dividends. The remaining funds are used to invest in ports and other investments, which is considered a long-term investment. I don't want the strength of Global Group to drop sharply when shipping cools down, so port investment is undoubtedly a good choice!"
Of course no one would object to Wu Guangyao’s words, even HSBC!
Then, Li Ming, president of Global Pier, proposed to replace the important port container terminal with a computer system to improve the competitiveness of local ports;
This requirement was naturally passed!
.....
Some of Wu Guangyao's recent actions also made Sandas speculate, so after the meeting, Sandas came to Wu Guangyao's office.
"You are worried about changes in shipping, so you have started investing crazy recently?" Sandas asked curiously.
"Don't worry! Even if there is any change, it will not be a shipping depression." Wu Guangyao said.
Sandas nodded. As a financial person, this can still be analyzed. At least 5 to 10 years will not be the Great Depression season.
Wu Guangyao joked: "You have made so much profit for HSBC, and HSBC has not rewarded you with any shares. Don't you have any thoughts in your mind?"
Sandas was stunned and did not rush to deny Wu Guangyao's statement!
After a long time, Sandas said, "Although there is no reward for shares, the annual bonus is 5 million Hong Kong dollars. I used it to buy some HSBC shares. Although I bought not many shares, it is a thought after I retire, and I am also firmly optimistic about HSBC's future!"
Wu Guangyao pursed his lips and said directly: "HSBC is really stingy. If it weren't for you, HSBC and I might not have had such deep cooperation. So how could we get dividends of hundreds of millions of dollars a year? Although 5 million Hong Kong dollars seem to be quite large, it is actually less than 1%.
Sandas said helplessly: "You can't say that HSBC is a very dispersed company with no substantial bosses, and the senior team is the highest authority... If I'm not satisfied, who should I be dissatisfied with?"
Wu Guangyao smiled and said, "Don't tell me these reasons. I have never worked for others and I don't understand your mood!"
Wu Guangyao continued: "When you retire, you should be able to live in the UK, right?"
Sandas nodded and said, "I want to go back to England and live a pastoral life with my family!"
Wu Guangyao's heart was slapped, a bullshit ideal life!
"Pastoral life is only suitable for occasionally experiencing it, but urban life is also convenient! If you retire, I hope you will be a staff officer; of course, it is the kind of staff officer who does not need to go to work. You can choose to live anywhere, just participate in some activities occasionally!" Wu Guangyao said.
Sandas was stunned, hesitated for a moment and said, "Let me talk about it when I retire!"
Wu Guangyao was happy, and Sandas did not refuse, which meant that he was still moved;
With this move, Wu Guangyao's plan is to strengthen his ally with HSBC, and the HSBC senior team is undoubtedly a good choice!
In fact, Wu Guangyao and HSBC also have a competitive relationship, namely Everbright Bank, Hang Seng Bank and HSBC Bank;
However, because Wu Guangyao has not deliberately developed the banking industry over the years, the two companies are in peace;
Moreover, HSBC has made a lot of money from Global Shipping in recent years, so it has begun to expand in Europe and the United States and is preparing to build a global bank. Naturally, it will not fight with the banking industry in Hong Kong.
Chapter completed!