After taking a sip of tea, Ma Hui continued: “Through mutual shareholding, the two banks have formed a solid strategic alliance.

This alliance is not just a simple cooperative relationship, but a deeply integrated and interdependent relationship.

It can further maintain and promote mutual business cooperation, making both parties more tacit and efficient in business dealings.

This close cooperative relationship is conducive to reducing the various risks that Lin’s Money House may encounter in the course of its operations.

Whether it is market risk, competition risk, or other potential risks.

With the joint efforts of both sides, they can be effectively addressed and resolved.

In addition, the equity involved in cross-holdings is usually not easily circulated and transferred to external investors.

This is like building a solid line of defense around the money house to resist foreign investors.

Because of the particularity of this equity structure, it becomes extremely difficult for external forces to infiltrate or control the money house by purchasing equity.

Many joint-stock commercial banks in Shanxi are well aware of the mystery and have adopted cross-holding as an effective means to resist invasion by foreign investors.

After all, in today’s increasingly fierce business competition, foreign investors sometimes try to control the operation of money houses by acquiring equity for various purposes, thereby disrupting the original operating rhythm and strategic layout.

Through cross-holdings between money houses, a relatively closed and stable equity environment can be formed.

If outside investors want to break this barrier, they will not only have to face the common interests and joint resistance of the two banks, but will also be subject to many restrictions brought about by cross-holdings.

For Daming Money House and Lin’s Money House, cross-holdings enabled them to achieve mutual benefits and share risks.

Both parties enjoy each other’s shareholder rights, which include vital economic benefits.

When the Ming Money House made huge profits in a certain business, Lin’s Money House, as a shareholder, could share the dividends.

On the contrary, if Lin’s Money House succeeds in developing new markets, Ming Money House will also be able to get a share of the profits.

This profit-sharing mechanism encourages both parties to continuously work hard to improve their own operating efficiency, while also providing additional impetus for each other’s development.

When faced with risks, due to the close equity relationship between the two parties, neither party can be immune to it, and they will naturally resist and bear the risks together.

Whether facing turbulence in the financial market or vicious competition within the industry, the two banks will work hand in hand.

Relying on their respective strengths and resources, we will jointly seek solutions to minimize the negative impact of risks.

Thus, we can sail together to the other side of peace in the tide of commerce.”

In this heated discussion about money house cooperation, Ma Hui took great pains to convince everyone to accept the highly forward-looking proposal of “cross-holdings between Ming Money House and Lin’s Money House”.

He carefully prepared an explanation of about 2,000 words, deeply analyzing the huge advantages that cross-holdings can bring from various dimensions.

Every sentence has been carefully considered to ensure clarity and coherence.

It is like a carefully drawn grand blueprint, which clearly presents the beautiful vision after cross-holding to everyone.

However, despite Ma Hui’s brilliant and impeccable explanation, Lin Hetang remained unmoved.

I saw that he had a frown on his face, with a hint of stubbornness and determination.

Afterwards, Lin Hetang used the excuse of “competing with the people for profits” and continued to strongly oppose this proposal.

As soon as he said this, the already tense atmosphere in the meeting hall suddenly became even more solemn.

Everyone’s eyes shifted between Ma Hui and Lin Hetang. Everyone knew that this argument might have a profound impact on the future direction of the two banks.

Just as Ma Hui and Lin Hetang were confronting each other and the atmosphere in the meeting hall was tense as if it was about to explode, a steady and orderly sound of footsteps came from afar.

Lu Chang, the head of the Price Bureau, was seen wearing his official uniform and walking at a leisurely pace into the meeting hall of the Jiangnan Lin family.

His face was serious, with a look of majesty, and he held a bright yellow imperial edict tightly in his hand.

Behind Lu Chang, a number of commercial officials including Ye Chen, director of the Commercial Administration Bureau, Tao An, director of the Regulation Bureau, and Yan Zhenzhi, director of the Trade Bureau, filed in.

Ye Chen is thin and has sharp eyes, as if he can see through everything. Tao An has a kind but solemn face, giving people a sense of calmness and reliability.

Yan Zhenzhi had a strong posture and his eyes revealed a sense of competence and decisiveness.

They were all dressed in attire appropriate to their official rank, neat and solemn.

Everyone’s face was filled with awe and focus on their mission.

The moment this group of people stepped into the meeting hall, the originally noisy meeting hall suddenly became quiet, as if time had frozen at this moment.

Everyone present looked at them.

There was surprise, confusion, or uneasiness in his eyes.

Everyone in the Lin family was secretly wondering: Why did these officials from the Ministry of Commerce suddenly come to visit with an imperial edict?
After looking around, Lu Chang held up the imperial edict in his hand and said loudly: “Where is Lin De, the head of the Jiangnan Lin family? Come out quickly to receive the edict!”

Lin De’s heart trembled, knowing that the situation was serious.

He did not dare to delay for even a second and quickly turned to face Jiang Li.

At this moment, Lin De’s eyes were filled with anxiety and seriousness, and he quickly ordered: “Jiang Li, quickly take people to set up the incense table, don’t be careless!”

After receiving the order, Jiang Li took action immediately.

He brought a few of his men and busied himself in the meeting hall.

The Lin family guards had clear division of labor. Someone quickly brought a heavy wooden incense table from the side room, and several people worked together to place it steadily in the center of the meeting hall.

Some people quickly took out incense burners, candles and other items and carefully placed them on the incense table with skillful and quick movements.

While Jiang Lin and others were busy, Lin De closely followed the progress of the preparatory work, and at the same time could not help but steal a glance at officials such as Lu Chang standing not far away from time to time, his heart full of uneasiness and speculation.

Lu Chang had a blank expression on his face, his eyes staring calmly ahead, making it difficult to guess what he was thinking.

Finally, after a busy period of work by Jiang Li and others, everything was ready.

The incense table was placed upright and solemnly, with smoke rising from the incense burner, adding a solemn atmosphere to the entire meeting hall.

Upon seeing this, Lin De led everyone in the Lin family to kneel on the ground in an orderly manner.

Everyone had a solemn expression, not daring to make a sound, and waited quietly for Lu Chang to read out the imperial edict.

The meeting hall was extremely quiet. The only sounds that could be heard were the slightly rapid breathing of the crowd and the occasional tiny popping sound from the burning incense and candles.

“Fengtian Chengyun Emperor, the imperial edict said:

We rule over all the lands, and our ambition is to make the world prosperous and the people rich.

Looking at financial and commercial affairs today, they have a far-reaching impact on the national economy and people’s livelihood.

Jiangnan Lin Family Money House and Daming Money House are both leaders in the industry.

In order to ensure financial stability and smooth trade, the Jiangnan Lin Family Money House was ordered to merge with the Daming Money House.

From the day the decree is issued, the two banks should put aside their past grudges.

Collaborate and integrate to achieve common goals.

All matters including business dealings and personnel arrangements must be properly handled and no trouble should arise.

We hope that this move will promote benefits and eliminate disadvantages, make the financial industry more standardized and orderly, and promote the economic prosperity of our country.

All of you in the bank must strictly obey our orders and not disobey.

So ordered!” (End of this chapter)