Chapter 723: The market controlled by the Jews and the consortium

Xia Yu nodded with a smile, saying, 'You have a good spirit. Do a good job, I have high hopes for you!'

Encouraged by the idolised Chairman of the Board, the 26-year-old Yuan Tianfan was overwhelmed with emotion. The smile on his face could not be hidden, and he nodded vigorously in response, saying, 'Thank you, Chairman, for your praise. I will definitely do a good job and I won't let you down!'

'Well, go!'

Xia Yu said with a smile.

After slowly exiting the office, Yuan Tianfan immediately looked up, straightened his shoulders, and left with high morale.

At this time, Wang Qi whispered, 'Chairman, do you know this Yuan Tianfan?'

Xia Yu casually said, 'I happened to hear someone say that he is a very talented person with great potential.'

Then he asked Wang Qi, "Didn't he originally work at HSBC? Why did he come to work for us?'

Wang Qi smiled and said, "Yes, Chairman, he previously worked in the HSBC's Houdouli Bond Department, specifically in 1977.'

'Some time ago you asked me to continue recruiting talent and expand the company, so I mobilised the company staff to list the talent they knew and mobilised contacts to recruit people. Yuan Tianfan was on the list. I saw that he had graduated from the Department of Economics at the University of Chicago and had worked at HSBC as soon as he graduated. After asking around, I learned that he was very capable, so I recruited him.'

'After I recruited him, I found out that he was also a big fan of yours, and tests showed that he was indeed very capable, so I appointed him as the leader of a newly established investment team.'

Xia Yu nodded knowingly, suddenly feeling that fate was somewhat miraculous.

It seemed that Li Jiacheng's right-hand men had all coincidentally come under his command, as was the case with Fok Kin Ning and Yuan Tianfan.

In his previous life, Li Jiacheng's top general, Fok Kin-ning, took the position of Chairman of Hutchison Whampoa and had the amazing record of helping Li Jiacheng earn 160 billion in one fell swoop. He was supposed to join Li Jiacheng's Cheung Kong Group as the Chief Accountant after returning from studying in the United States this year, but ended up running to Xia Yu in this life, and is now the head of the Chairman's Office and the General Manager of Tiangong Electronics.

Yuan Tianfan need not be mentioned. In his previous life, he first joined HSBC after graduating, where he achieved great results, and then led his successor Liang Botao, known as the 'Father of Hong Kong Red Chips', to jump ship to Citibank.

After that, in the wake of the global stock market crash in 1987, he was appointed to replace Li Fuzhao as the president of the Hong Kong Stock Exchange, becoming the world's youngest chief executive, and single-handedly pulling the Hong Kong Stock Exchange out of the doldrums.

After becoming a star figure in the capital market, he was chased by Li Ka-shing for ten years, and eventually became the military adviser Li Ka-shing hired to assist his youngest son. Using his extremely strong capital operation capabilities, he took the unheard-of Pacific Century Group public and merged it with Cyberport, causing its market value to skyrocket to 220 billion Hong Kong dollars in just 26 days.

Later, even as Singapore Telecom was eyeing it, it took only 18 days to swallow up Hong Kong Telecom, and in one fell swoop, the market value of the PCCW Group reached HK$560 billion.

With just a few moves, he was able to strike a fatal blow. Yuan Tianfan is definitely a world-class master of capital operations, and at the age of 35, he was able to pull the Hong Kong Stock Exchange out of the doldrums, which shows his courage and ability.

This is a figure who will shape the future of Hong Kong's capital market for decades to come, and now he has been poached by Wang Qi and hired by the company. Xia Yu couldn't help but feel happy.

As for what will happen to Li Jiacheng without Yuan Tianfan, Xia Yu couldn't care less. After all, he has double-crossed Li many times before, and he doesn't mind doing it again.

However, Yuan Tianfan is still just a young lad of 26, and while he definitely has potential, his abilities have not yet been honed. He is a rare talent who must be carefully nurtured.

With the right training, he could definitely become a pillar of the Jiuding Group in the future.

Thinking about this, Xia Yu said to Wang Qi, 'Wang Qi, Yuan Tianfan has great potential. Treat him like a future president and train him well, while also not forgetting to strengthen his education in loyalty.'

Wang Qi's expression became serious in an instant. Although he didn't know why Xia Yu valued Yuan Tianfan so highly, he still raised Yuan Tianfan's importance in his heart by several notches and said solemnly, 'Yes, Chairman, I will cultivate him well. Apart from giving him responsibilities, I will also bring him along and teach him by hand.'

'Well, don't let him know, so as to avoid him becoming arrogant.'

'Understood!'

'In addition, in addition to Yuan Tianfan, all people with potential in the company should be included in the talent training reserve. The backbone of a maturely operating company requires not only strong abilities, but also loyalty. We cannot always expect to recruit people from outside, we must do a good job of cultivating our own talent pool.'

'Okay, this aspect of the work has already been done before, and I will continue to strengthen it!'

Afterwards, Xia Yu inspected the Jiuding Securities Company and then prepared to go off work.

In the evening, He Chaoying happened to be free, so he went to the university to pick her up and spent a relaxing evening with her.

The next morning, Yan Wenhan came to his office to report to him on the details of the company's expansion.

'Chairman, this is my investigation of the US newspaper market and my expansion plan. Please take a look!'

Xia Yu took the documents that Yan Wenhan handed over and leafed through them.

First was a report on the current state of the US newspaper market.

The US newspaper industry is highly developed and the world's largest newspaper market, with more than ten public newspaper companies listed on the stock exchange alone.

Today, the company with the strongest overall strength is the Gannett Group, which went public in 1967. By 1979, Gannett had taken shape as a diversified, international media group, with 78 daily newspapers, 21 weekly newspapers, a national news agency, 7 TV stations and 14 radio stations in 33 states and Guam, as well as outdoor advertising businesses in the United States and Canada.

What wasn't written in the investigation report, but what Xia Yu knew from memory, was that in 1982, the Gannett Group founded the first truly national daily newspaper in the United States, USA Today. Since then, USA Today has been at the top of the American newspaper industry, even now outranking the Wall Street Journal, which has a daily circulation of more than two million copies.

In second place is Dow Jones & Company, whose flagship newspaper is the Wall Street Journal, which has the largest circulation today. It also owns many other newspapers, magazines, local TV stations, and radio stations.

Unfortunately, Dow Jones is controlled by Jews.

In addition, there are newspaper giants such as the Los Angeles Times, which is now in fourth place in the United States, the Times Mirror Group, which is controlled by the California consortium, the Washington Post Group, which is controlled by the Graham family, the Chicago Tribune, Thomson Newspapers, The New York Times Company, Hearst Corporation, James Cox Newspapers, etc.

These newspaper giants are either controlled by Jews, such as the three major American newspapers, the New York Times, Washington Post and Wall Street Journal, as well as the two major American weekly magazines Newsweek and Time.

Or they are controlled by major American consortia.

Although American print media companies are open to the world, over the past century, the big fish have eaten the small fish, with more than 60 players eating up 90% of the market, leaving about 10% for the small newspapers across the country.

It can be said that it is relatively difficult for foreigners to enter.

From Yan Wenhan's investigation report, it is not difficult to see that his wording is relatively dull, and his heavy mood is evident between the lines.

However, Xia Yu is more optimistic, because he is well aware that there are still many opportunities in this era. If we wait until the 21st century, the American media, including print media and television stations, will be concentrated in the hands of six private companies.

There are still more than 60 contestants left, and their strength is definitely uneven, so there are definitely opportunities.

Sure enough, when Xia Yu put down the investigation report and opened the plan made by Yan Wenhan, he instantly understood Yan Wenhan's train of thought.