In 2006, Goldman Sachs Group, Allianz Group and American Express Company invested US$ 3.78 billion (equivalent to RMB 29.5 billion) to acquire about 65,438+00% shares of ICBC at the purchase price of RMB 65,438+0.65,438+06. After listing, according to the intraday price of 6.77 yuan on June 4, 2007, the market value reached 275.5 billion yuan, and the three foreign-funded companies made a net profit of 246 billion yuan in less than one year, 9.3 times the investment income, which is rare in the world.
2. Bank of China
Royal Bank of Scotland, Singapore Temasek Holdings, UBS Group AG and Asian Development Bank invest in Bank of China * * *
565,438+75 million US dollars (about 40.3 billion yuan), and the purchase price is 1.22 yuan. After listing, according to the mid-day 10 yuan in May 2007, the market value was as high as 282.2 billion yuan, and the net profit of four foreign-funded companies was 2,465.438+0.9 billion yuan, less than one year's investment.
3. Industrial Bank
In 2006, Hang Seng Bank, TEDA and IFC made a profit of 2.7 billion yuan and bought 654.38 billion shares of Industrial Bank at the price of 2.7 yuan per share. After listing, the share price reached above 37 yuan, and the net profit of the three foreign-funded companies was about 37 billion. According to the "Reference News" dated February 12, 2007, there will be a return of more than 300% every year. Bank listing financing * * *15.995 billion yuan, equivalent to all three foreign-funded companies. The domestic issue price of the bank is 65,438+05.98 per share, attracting online and offline subscription funds as high as 65,438+066,5438+000 billion.
4. Shenzhen Development Bank
Xinqiao Investment Group of the United States bought SDB 3.48 1 share at 3.5 yuan per share. At present, the stock price has reached 35.8 yuan, and the investment has increased by 10 times. According to the calculation of more than 2 billion shares of Shenzhen Development Bank, Xinqiao acquired more than 70 billion shares with121800 million. According to the current practice of Xinqiao, it will soon reach 654.38+000 billion yuan. Xinqiao Group itself is a banker, not a bank at all. How to improve the governance structure of China Bank? Besides, the whole bank has been taken away by Americans. Even if it is improved, what is the significance for our country?
5. Huaxia Bank
The consortium formed by Deutsche Bank and Sal Pennheim Bank will invest 2.6 billion yuan to purchase about 587.2 million shares of Huaxia Bank, accounting for 65,438+04% of the total shares of Huaxia Bank. 4.5 yuan's share price is now close to 14 yuan, and its net profit exceeds 5.6 billion yuan. At present, it has been controlled by German banks, and 50 billion has fallen into the hands of the other party. At present, the Germans have formed Huaxia's joint holding company, nominally China Bank, but in fact it has become a foreign holding bank.
6. China Bank of Communications.
HSBC holds 0/9.9% equity of Bank of Communications, and invested RMB 0/44.6100000 to purchase 911500000 shares, each of which is 1.86 yuan. Bank of Communications was listed in Hong Kong in May 2006, and now its market value exceeds HK$ 10, with a net profit of nearly 80 billion. In 2007, domestic A-share issuance and listing earned more than 50 billion yuan, and the total return was nearly 10 times.
7. China Construction Bank
Before listing, Bank of America and Temasek spent US$ 2.5 billion and US$ 654.38+46.6 million to buy 9% and 565.438+0% shares of CCB, respectively, with a share price of about HK$ 0.94. The issue price is HK$ 2.35, and the highest market price is HK$ 5.35. According to the current calculation of 224.7 billion shares of CCB, the net profit of the two companies exceeds HK$ 654.38+030 billion.
8. Pudong Development Bank
Citigroup invested $67 million to acquire 4.62% shares of Shanghai Pudong Development Bank, exceeding 65.438+0.8 billion shares, each of which is about 2.96 yuan. The agreement stipulates that Citigroup has the right to acquire 654.38+0.9% shares in the future. At present, Shanghai Pudong Development Bank's share price exceeds 38 yuan's, and Citigroup's net profit is 6.2 billion yuan. At present, Citigroup has not exercised its rights, and once it exercised its rights, it earned 6.2 billion times.
9. Minsheng Bank
In 2004, Asian Finance Company under Temasek Holdings acquired 236 million shares of Minsheng Bank at a price of 1. 1 (about 800 million RMB), accounting for 4.55% of the total shares of Minsheng Bank, about 3.72 RMB. At present, the stock has reached more than 12 RMB, with a market value of 5 billion RMB and a net profit of about two years. (The net profit of transferring foreign capital at a low price in the above-mentioned transactions is about 920 billion yuan, and the following losses exceed 1 trillion yuan, most of which are transfer losses in 2006. In the future, with dozens of local banks that have all completed joint ventures and are waiting for listing, the losses will become more and more alarming. )
10, Guangdong Development Bank
In 2006, in the name of joint acquisition, Citibank controlled Guangdong Development Bank with total assets of 355.8 billion yuan, 27 branches and 502 outlets, and had correspondent bank relations with 9 17 banks in 83 countries and regions, ranking among the top 500 banks in the world for many years. In addition, China Mobile, State Grid and China Trust also invested 6 billion yuan each, * * *1800 million yuan. The gratis bank will increase by another 654.38+08 billion yuan, which is completely beyond the scope of market exchange.
1 1, Bohai Bank and local banks
In addition, Bohai Bank, the first joint-stock bank in China, which was established in 2005, announced that Standard Chartered Bank purchased 9.9% of the shares of Bohai Bank/KLOC-0 for US$ 65,438+23 million, becoming its second largest shareholder. In addition to participating in Bohai Bank, Standard Chartered Bank's participation in China Everbright Bank is expected to be completed before the end of this year. At present, foreign banks have entered a period of accelerated development in China, and all banks in China are without exception 18 foreign banks.
12, China ping an insurance co., ltd.
Ping An is the first joint-stock insurance company in China and the first insurance company to introduce foreign capital-HSBC Group.
It is the largest foreign shareholder of Ping An. In 2002, HSBC invested US$ 600 million and Ping An invested RMB 5 billion. Ping An Group was successfully listed in Hong Kong on June 24th, 2004, and the issue price was HK$ 1 1.88, which has now risen to HK$ in 40 yuan. In February this year, another 38.8 billion A shares were raised. As of June 30, 2006, the total assets of the Group were RMB 3,587,654,388+0.8 million, and the total equity was RMB 3,865,438+0.4 million. At present, the company's market value is nearly 200 billion Hong Kong dollars, and A shares are 550 billion RMB.
13, Xinhua Life Insurance
Xinhua Life Insurance is about to go public, and now Zurich Insurance holds 228 million shares of Xinhua Life Insurance at 5.25 yuan each.
The shareholding ratio is 19%, making it the largest single shareholder of Xinhua Life Insurance. But in fact, the actual controller of Xinhua Life Insurance is Dongfang Group. As Dongfang Industry and Dongfang Group hold 5% and 8.02% shares of Xinhua Life Insurance respectively, and Dongfang Group holds shares of other shareholders of Xinhua Life Insurance, Dongfang Group directly or indirectly holds more than 20% shares of Xinhua Life Insurance. (It is said that Zurich secretly controlled more than 56% through China Company, with an investment of 3.4 billion. Once listed, its market value is at least 60 billion. )
This is the statistical data of the special investigation I wrote "China Bank Becomes a Foreign Super ATM", which was within the system at that time.
In the process of planning, I could not help crying. We didn't have a war, and we didn't have to pay compensation for the defeat. However, the above losses make people feel sad, just like compensation for failure. The above-mentioned bank shares sold cheaply to foreign investors are far below the market price, and the lowest, such as Industrial Bank, is even less than one tenth of the market price. The losses of China Industrial and Commercial Bank, China Bank, China Construction Bank and China Bank of Communications alone exceeded 750 billion yuan. In 2006 alone, the losses of bank stocks bought at low prices exceeded 600 billion yuan, and the losses that can be counted in the whole banking financial field exceeded one trillion yuan. Maybe you think these numbers are boring. If we compare them, you will feel the significance of these figures. According to Ge Yanfeng, head of the investigation team of the State Council medical reform, it is enough to solve the 680 billion medical problems in the country in one year, but only a few banks have given the medical expenses in the country to foreign investors.
Two modes of foreign financial institutions: comprador and traitor.
We are not opposed to opening up, the key is what is the purpose of opening up? The purpose of opening up should be to strengthen our economy.
Strength, rather than giving wealth to foreigners, China's banks are developed by the hard work of the people of China. Even if it is sold to foreigners, it should be the market price, at least the same as that of investors in China. For example, the domestic issue price of Industrial Bank 15.98 yuan, everyone grabbed the head and bid for more than one trillion yuan. There is no reason to sell more shares of 37 yuan to foreign investors at the low price in 2.7 yuan. Guangdong Development Bank, in particular, not only sold it to Citibank in the United States for a mere 6 billion yuan, but also contributed 654.38+08 billion yuan in cash as "dowry money" (China Mobile, China Trust and Gengdian Power Grid each contributed 6 billion yuan to help Citigroup acquire it). This is no longer a business. It's really like the song "Take my sister, pull a dowry and drive a cart". Tens of billions. Last year, the total wage of our country was just over 2 trillion, and the annual GDP increased by 2 trillion. However, just buying bank shares at a low price was robbed by foreign capital for a year. Why don't ordinary people go to school without seeing a doctor?
Some people say that the reason for buying bank shares cheaply is to introduce strategic investors and improve the corporate governance structure of banks.
It sounds reasonable, but it is absurd to look closely. First, neither Xinqiao Group, which holds SDB, nor Goldman Sachs, which has a stake in China Industrial and Commercial Bank, are commercial banks, but investment companies and speculators. How can we improve the corporate governance structure of China Commercial Bank? Second, Guangfa Bank, like SDB, fell into the hands of foreign investors and became a foreign bank. Even if it can improve the corporate governance structure, it is "giving others a wedding dress", which has nothing to do with China. Your whole bank was confiscated. What does it matter to us whether we improve the structure or not? Just like your daughter-in-law was robbed, what does it matter if your clothes are beautiful or not? In particular, the transaction mode of Guangfa Bank is the most unacceptable for Chinese people. In order to safeguard the national financial security, China specially stipulates that the proportion of foreign investors' sole investment in China banks shall not exceed 20%, and the proportion of joint ventures shall not exceed 50%. This was supposed to protect our interests, but it actually hurt us. In order to circumvent this law, Citigroup of the United States, in the name of joint acquisition, jointly invested 6 billion yuan with China Mobile, State Grid and China Trust to acquire Guangzhou Development Bank. The acquisition agreement clearly stipulates that China Mobile, State Grid and China Trust only "study with the prince" and shall not participate in any business activities. All the management rights of the bank, including personnel rights, are handed over to Citibank. In this way, China people worked hard to establish a big American bank.