章 607: Chapter 607: The First Meeting of the Chinese Business Consortium
On the 8th of June, as Burton Keswick had agreed, the 10.5% stake in the Hongkong Land Group finally came into the hands of the Guangming Fund, which also transferred 84 million pounds in cash to an account designated by Burton Keswick.
After that, the Bright Fund continued to invest in the acquisition of the ancestral estate of the Butts, while Burton Keswick was full of fighting spirit and schemed with his relatives.
June 15th is a good day for business, making money and praying for blessings.
The weather is sunny.
On this day, the British went to work as normal as usual, but in the Chinese Mercantile Bank, something groundbreaking for the Chinese in the UK was about to happen.
The first general meeting of the Wah Kam Association, which marks the establishment of the Wah Kam consortium, will be held in the conference room of the Wah Shing Bank today.
Even after the Wah Kam consortium is established, it can only be considered a somewhat important player in London, UK, where giants abound.
Moreover, there is no need to make a fuss about the establishment of the consortium and cause unnecessary trouble, and it is also necessary to maintain the mystery of the Wah Shing Bank.
Therefore, at Xia Yu's suggestion, and in line with the principle of low-key, there will be no grand inauguration ceremony. After the internal members attend the meeting, an internal ceremony will be held.
When each member received the notice, they also received Wu Hongyi's reminder not to leak the news.
Each member kept their mouths shut, so this major event that completely changed British Chinese businesses was carried out quietly.
On this day, Xia Yu arrived at the door of the Chinese Mercantile Bank in a suit, full of energy, and glanced at the extra symbol in the lower right corner of the Chinese Mercantile Bank sign, a smile appearing at the corner of his mouth.
This symbol is incomprehensible to most British people, but anyone familiar with Chinese history will know what it is.
It is a square coin with a square hole in the centre, with the Chinese characters for 'prosperity' written around the edge.
This symbol was unanimously adopted as the emblem of the Huajin Club.
The Huajin Club is the management committee of the Huashang Consortium, which Xia Yu and Wu Hongyi have set up.
The entire Chinese business consortium has no group management, but only the Huajin Association, which is composed of the helmsmen of the twenty-one companies that first formed the Chinese business consortium, and is the supreme leadership body of the Chinese business consortium.
The Chinese business consortium does not exist on paper, but as long as the Huajin Association exists, then the Chinese business consortium exists.
The twenty-one founding companies all have a copper coin logo behind their signboards, which is a unique symbol of the core companies of the Chinese Business Consortium. Only twenty-one companies in the UK have this logo. If a new core company is added to the Chinese Business Consortium, the Huajin Association will also add a seat, and the copper coin logo will naturally be added.
After entering the Chinese Business Bank, Xia Yu asked Li Qian to wait for him in his office, while he continued to take the elevator to the conference room on the eighth floor.
As soon as he got out of the elevator, he heard someone greet him enthusiastically.
'Manager Xia, good morning!'
Xia Yu looked over and saw Song Huigu, the chairman of the Song Group, an elderly man of 51, one of the top five people in the Huajin Club, one of the three managing directors under the general manager and deputy manager, and the head of the Song family in the UK.
'Hello, Chairman Song, you're here so early!'
Xia Yu smiled at the corner of his mouth and walked over to shake hands and exchange pleasantries.
'Not early, not late, just arrived,'
Song Huai Gu said enthusiastically.
The Song family also has a history of nearly a century in the UK, but its development has been quite different from that of the Wu family. However, it is also one of the top Chinese families in the UK.
This time, Song Huai Gu has a clear understanding of the situation and responded to Wu Chengde's call to participate in the establishment of the Chinese Business Consortium, holding 4.1% of the equity of the Chinese Business Bank.
Although Song Huai Gu is several times the age of Xia Yu, he does not dare to look down on Xia Yu in the slightest, but instead shows respect for him.
Xia Yu is the number two in the Chinese business consortium, the deputy manager of the Huajin Club, and holds 22% of the shares in the Chinese Bank, second only to the 33% held by the Wu family, far exceeding his shareholding ratio.
Furthermore, the Song family had been based in the UK for a century and had their own well-informed information system, so they knew the energy of the handsome young man in front of them. He was definitely a man with connections, and his Bright Foundation had even been able to join forces with the Duke of Howard to acquire Rolls-Royce Motor Cars and enter the field of heavy industrial manufacturing.
Unfortunately, Xia Yu did not feel that Bright Foundation or Rolls-Royce Motor Cars had been integrated into the Chinese Business Consortium, which he greatly regretted.
Just then, the two men walked into the meeting room. Xia Yu noticed that quite a few people had already arrived, there were fifteen or sixteen of them at a glance, and Wu Hongyi was among them. So, only a few people had not arrived yet.
Without making the crowd wait, within the next five minutes, six more people arrived one after the other, and the number of people finally reached the quota, and the door to the meeting room closed.
There was a large round table with twenty-one people seated around it, and they were the founding members of the Huajin Club.
The Joaquin Club had a clear hierarchy: General Manager Wu Hongyi, Deputy Manager Xia Yu, Managing Directors Song Huigu and Li Tianxiang, Liu Shiwei, and members Ye Huanrong and Wu Fuxiang...
The twenty-one people represented twenty-one companies, but in reality, there were not that many according to power, because the Wu family had three companies, in addition to the Chinese Mercantile Bank, there were two more. In other words, among the members present, two were representing the two companies of the Wu family.
The next tier is Song Huai Gu, Li Tianxiang, and Liu Shiwei, from the British Chinese families of Song, Li, and Liu, each with two companies.
The last tier is the businesses of the ordinary members, with only one company selected from each member. It is not that these people only have one company, but that they are the only ones qualified to become the core companies of the Chinese Business Consortium.
As for Xia Yu, his status seemed to be somewhat above everyone else. No one here dared to look down on him. Some people even valued Xia Yu above the Wu family, such as Ye Huanrong.
In terms of strength, the Chinese Business Consortium has 21 core companies, but the combined affiliated companies of the members of the Huajin Club amount to as many as 52.
So counting all of them, the Chinese Business Consortium can directly or indirectly influence 73 companies. It is a giant among Chinese-owned businesses in the UK and can make a certain amount of noise in the UK.
'Today is a sacred day that will be remembered in history...'
'We will now begin the first ritual. All members stand up and offer prayers!'
After Wu Hongyi finished speaking, everyone got up, lined up neatly, and began to worship some statues placed in the centre. At the top were the two emperors Yan and Huang, and in the second row were the five gods of wealth.
Since ancient times, the important matters of the country have been worshipping the gods and going to war.
The business world is like a battlefield. Chinese business groups are destined to fight in the business world in the future. The worship of the two emperors Yan and Huang is to remind them not to forget their roots, and the other symbolises war. The two emperors opened up Chinese civilisation, and Chinese business groups will uphold their will to open up a brilliant foundation overseas.
The worship of the God of Wealth is even better understood. It blesses the Chinese business consortium with a flourishing career and a steady stream of wealth.
After the solemn worship, everyone's state of mind has changed a little. Xia Yu keenly senses that everyone feels less of a sense of distance because they share the same goal and origin, and there is a greater sense of unity and closeness.
After everyone had taken their seats again, the second process began. Xia Yu read out the rules and regulations of the Chinese Business Consortium and the Huajin Association. These included the fact that the fifteenth day of every month would be a meeting day for members of the Huajin Association, where they would gather to discuss the future of the consortium and exchange business resources. This would be an extraordinary platform, one that no outsider would be able to enter even if they tried.
The atmosphere was relatively relaxed during the third process, where everyone introduced themselves. After the introductions, everyone became more familiar with one another, and some even thought of possible directions for cooperation.
The fourth and most important process was for everyone to express their opinions and offer suggestions for the future of the Chinese Business Consortium, and at the same time, to reach cooperation within the consortium.
At the first consortium meeting, everyone was like a shot of adrenaline, and after lunch, they continued to work without sleep until around 9:30 pm, when the first consortium meeting ended successfully.
It can be said that everyone left content, because more than 30 internal collaborations were reached, which was a huge achievement.
If the Chinese Business Consortium did not exist, even if these companies wanted to cooperate, they would have to go through a lot of tug-of-war and backstabbing before it was possible to reach an agreement.
After the meeting, everyone saw the significance of the Chinese Business Consortium and was grateful to have successfully joined. They all looked forward to next month's meeting.
Xia Yu also gained a lot. For example, it was agreed at the meeting that Rolls-Royce and Bentley cars would be the designated cars of the Chinese Business Consortium. From now on, if any member company wants to buy a car, they will only buy these two brands.
In addition, when it comes to mergers and acquisitions and listing, the various companies will cooperate with Guangming Fund.
Some people even asked to establish cooperative relationships with Xia Yu's companies in Xiangjiang due to their business relationships. Naturally, Xia Yu accepted all the business that came his way.
The benefits of the establishment of the Chinese Business Consortium are continuously emerging...
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