Chapter 296 Zhang Junfeng's Promise
The next day, Zhang Junfeng brought Wu Xiuying and several bodyguards to KB Bank to discuss with the bank's chairman Jin Zhengtai about cashing out all the money invested in the Nasdaq stock market in the United States.
"Chairman Zhang, according to our current investment returns, last year KB Bank raised nearly 800 million US dollars in wealth management funds in Korea, Japan, and Hong Kong. The current investment return on Nasdaq is about 25%."
"Excluding the high 10% one-year financial return promised to customers before, we can probably get 120 million US dollars!" Jin Zhengtai showed a bright smile on his face.
This 120 million US dollars is more than 140 billion won when converted into Korean won. Even before the outbreak of the financial crisis, KB Bank only earned this much money after working hard in Korea for a year! (Note: Before the outbreak of the Korean financial crisis, the loan repayment ability of many companies was somewhat weak, and most of the time they borrowed funds to repay loans.) Unlike now, they have earned so much in just over half a year. Counting the income from the Hang Seng Index they previously drew funds from, it is no exaggeration to say that KB Bank will become the bank with the highest income in Korea! "It seems that under the leadership of Chairman Jin, the performance of our KB Bank is getting better and better!" Zhang Junfeng smiled and nodded, and was quite satisfied with the situation of KB Bank.
After all, being able to raise so many financial management funds to "borrow chickens to lay eggs" this time has exceeded his expectations. Of course, this is also largely related to the KB Bank staff's hard work in promoting and attracting customers to invest in various places.
"President Jin, when we have withdrawn all our money from the American stock market, we will transfer it to the European stock market and buy a large amount of shares of European telecommunications giants Orange and Mannesmann."
"If everything goes well, the investment in Europe will bring us more than 20% or even 30% returns in the second half of the year!"
To be on the safe side, Zhang Junfeng still gave a relatively conservative profit forecast data. However, even so, such a rate of return in half a year is quite amazing!
When Zhang Junfeng thought about betting on the stocks of the two European telecommunications companies, an imperceptible joy emerged in his eyes. This time he wanted to take advantage of the "opportunity" of the richest man in Hong Kong and make a fortune~!
Li Ka Shing was able to make more than 150 billion Hong Kong dollars by taking advantage of this opportunity. So, for him, a speculator who followed behind to take advantage of it, it wouldn't be excessive for him to make tens of billions of RMB, right?
…
Hearing Zhang Junfeng suddenly mention the European telecommunications company, and the investment method was almost "all-in", Jin Zhengtai, who had seen many big scenes, was shocked for a moment! What did he just hear? By the end of the year, he could get a super high profit of 20% or even 30%? It would be more exaggerated than the increase of those Internet technology companies? Is it really so outrageous? Zhang Junfeng took out the other party's treasured cigar box from the cabinet next to him, took out a cigar very skillfully and lit it, then puffed out a cloud of smoke with a look of enjoyment.
"My people in Europe have received accurate information that the conflicts between the telecom giants Vodafone and Mannesmann in Europe are getting worse and worse in their efforts to gain market share. If nothing unexpected happens, they will decide the winner before the end of this year!"
"Vodafone, which has significantly stronger financial resources, is likely to become the ultimate winner, and will take over the other two companies and monopolize the entire European telecommunications market in this way!"
Jin Zhengtai nodded thoughtfully when he heard what Zhang Junfeng said. In this case, according to the investment advice given by Zhang Junfeng, they would be equivalent to going in early and waiting for the opportunity for the company's stock price to soar. The probability of making a big profit is quite high!
However, according to Zhang Junfeng's plan, the only problem that may arise is the problem of customers withdrawing the 800 million US dollars raised. If the financial management fund cannot be withdrawn when it expires, it will be a major credibility crisis for KB Bank! "Chairman Zhang, if many customers come to withdraw cash after the one-year financial management period expires, and our funds have not yet been reflected in the European market, we may not be able to cash it out..."
Hearing the other party mention the cashing out of the financial management fund upon maturity, Zhang Junfeng smiled and said, "That's not a big problem. All the funds we invested in Nasdaq will be cashed out in the near future, and it is expected to be close to 5 billion US dollars!"
"Apart from the less than 2 billion US dollars in principal and interest that need to be repaid to Goldman Sachs and JPMorgan Chase, and the approximately 1 billion US dollars that will be needed to acquire Goldman Sachs shares, we will reserve another 1 billion US dollars as working capital, and we will have more than 1 billion US dollars left to invest in Europe." Zhang Junfeng put down his homework, thought for a moment, and quickly came up with a solution.
Although they have a lot of debt, thanks to their previous short selling and long selling of the Hang Seng Index and later Internet technology companies, the profits they have earned have far exceeded their debt.
After receiving the specific arrangements from Zhang Junfeng, Jin Zhengtai finally relaxed completely, and the smile on his face did not disappear for a long time.
…
After chatting with Zhang Junfeng for a while, Jin Zhengtai put out the cigar with only the cigarette holder left in his hand, and asked Zhang Junfeng a question that all bank executives were concerned about, "By the way, Chairman Zhang, several of us bank executives are getting old, and it will be time for us to retire in a few years. They hope to arrange for their children to come to the bank to work as Chairman Zhang allowed before. What do you think?"
"Of course there is no problem. As long as their professional qualities and abilities are up to par, we at KB Bank will welcome them to join us. However, some things still need to be explained in advance to avoid any unpleasantness later."
"According to the plan, KB Bank will become a top multinational bank in the future, and will even be able to compete with the top financial giants on Wall Street. Of course, this also requires a large number of outstanding talents to join and continue to expand our team. I can let these high-level children come in, and as for how far they can be promoted in the future, it depends on their own abilities."
"In addition, if they violate the bank's regulations and betray the interests of the bank and Comet Capital, I will hold them accountable!" Zhang Junfeng reiterated the original agreement and requirements to the other party. Some things are better said up front to avoid any loopholes that need to be patched up later.
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
(End of this chapter)