The issue of genetically modified food was also aroused in the previous life, mainly due to reports from the UK, saying that they learned that the boss of the genetically modified seed industry had a research report proving that mice eating genetically modified food had blood and kidney problems, which made everyone There has been a serious crisis of confidence in genetically modified foods.
Although this statement was not confirmed later, developed countries did ban the cultivation of genetically modified foods. They sold the seeds to less developed countries and then made profits.
Feng Yu himself didn't know whether this genetically modified food was harmful, but since it couldn't be proven that it was safe, he might as well not eat it for now. It's not like there was no other food except genetically modified food.
Although China has a large population, its food production is also among the best in the world, and there will never be a situation where there is no food to eat again. Feng Yu felt that not many people would be willing to eat this kind of food with potential safety hazards, but no one knew about it before.
This incident was just an episode for Feng Yu. He stayed in the capital for a few days and then flew to the UK.
Feng Yu came here not to focus on crude oil futures, but to focus on another important matter, which was the expansion of Minsheng Bank.
From ancient times to the present, among those big families and financial groups, which one is not in the financial industry? In ancient times, banks were opened, and in modern times, banks were opened, and then there were various insurance, fund and other businesses.
Many people say that the real money-making masters use other people's money to make money for themselves.
And those large financial groups are obviously the masters of this.
How to use other people's money to make money for yourself, then others must first hand over the money to you. At this time, the banking industry is very important.
Fengyu Consulting and Taihua Consulting, which Feng Yu founded before, are at best financial investment companies, and they cannot be compared with the banking industry, which has a huge business. The biggest difference is that you cannot absorb deposits.
At that time, Feng Yu wanted to make the bank bigger, but unfortunately he had no opportunity and no capital.
Opening a bank seems easy, just set up a counter and collect deposits.
But first, you have to make others willing to deposit money with you. If others are unwilling to deposit money, how can you force others to deposit money
What do the average person consider when saving money
Security, the money I deposit in your bank will not disappear suddenly. You can’t lose it, and it won’t evaporate because your bank fails.
Interest rates, the high interest rates on deposits in your bank will attract depositors. Otherwise, why would I want to save money in a place like yours where interest rates are low when others offer high interest rates
Convenient, this refers to the convenience of depositing and withdrawing money. Your location should be good and you should have more business outlets. I can't say that I deposited money with you, but when I want to withdraw the money, I have to go far away to get it, right? And you also need to join UnionPay, etc. Even if you can't find your business outlet, you can withdraw cash from other banks.
Security is easy to deal with. Feng Yu's reputation as the world's richest man is a golden sign. Just like when he promoted the payment package and Beibao, others knew that Feng Yu invested in it, and Feng Yu used his own name as a guarantee, so he was very relieved about it.
It's easy to say that the interest rate is similar to other banks, and it can be slightly higher at the beginning to attract more depositors to deposit.
The most important thing for a bank is to attract deposits. In any bank, there is a task to attract deposits. The more deposits you accumulate, the higher the bonus. If you fail to complete the task, you may even be deducted money.
Only by absorbing large reserves can you have enough funds to invest in other financial products. Even if you want to lend money, you still need to have enough savings.
It’s not just interest and security that affect savings, outlets are indeed very important. If you have more business outlets, everyone can see your bank's outlets when they walk on the street. When they consider making deposits, they are likely to choose your bank.
If you have fewer outlets, even if the advertised interest rate is higher, many people may not be willing to deposit with you due to inconvenience in withdrawing cash.
Moreover, there are many outlets, which is also of great benefit to the development of other businesses. The bank's business outlets can be understood as the terminals of the sales industry. Having more terminals will definitely be beneficial to increasing sales. If there are only a few sales terminals, it will definitely be extremely difficult to make big money.
This time Feng Yu came here to discuss the acquisition of a bank. In this way, the Bank of People’s Voice can continue to grow.
This bank is not particularly large, but its business is also carried out in many European countries. However, this financial crisis has also affected them, and they are currently suffering from relatively large losses.
Because the scale is relatively small, some big banks look down on it. Small banks simply cannot afford acquisitions, for fear of dragging themselves into the quagmire, so this bank is now in a state of limbo.
Ralph conducted an inspection of this bank and felt that this bank still had many high-quality assets, but it lacked funds. If there are sufficient funds, it can be saved and profitable again.
This bank operates many financial businesses and has many professional financial talents. It is only because this financial crisis was too severe that their capital chain was broken, and they fell to this point.
It’s not like no other banks have expressed interest in it, but their offers are too low, so they’ve been holding off.
Other banks want to wait until the bank continues to lose money, and then when shareholders can no longer bear it, they will have to sell it at a lower price.
Among them are several of the world's top banks such as Barclays, who all regard this bank as their own.
Ralph had contacted the bank's shareholders, but the price they wanted was relatively high and Ralph couldn't negotiate, so Feng Yu decided to come and negotiate in person.
Minsheng Bank does not belong to Fengyu Holdings Group, but is held by Feng Yu personally. Speaking of which, it is not Ralph's job, so Ralph has less power and cannot decide many things.
Feng Yu happened to have time, so he decided to come and take a look in person. If he was satisfied with the inspection, he would buy the bank.
Now that the crude oil futures contracts are slowly being delivered, Feng Yu has also withdrawn a large sum of money. It is definitely not difficult to acquire a bank.
Moreover, Feng Yu also told other shareholders of Minsheng Bank that other shareholders also agreed that during the expansion, they were willing to have their shares temporarily diluted. When they have money, they can buy back from Feng Yu.
However, Feng Yu thought this was unlikely. Those people had no idea how big Feng Yu planned to develop the bank. By the time they have the money to buy back, their equity will no longer be as large as it is now.
This Minsheng Bank will inevitably become a private commercial bank controlled by Feng Yu, and will also become one of the most famous commercial banks in the world!
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