I Want To Be a Rich Man on Hong Kong Island

Everbright Building, conference room;

Wu Guangyao, Andrei, Lei Hong and others were discussing how to deal with the Hang Lung Bank issue;

To be honest, the business of Hang Lung Bank does not have much reinforcing effect on China Everbright Bank.

What's more, after the liquidation incident, the reputation of Hang Lung Bank has been greatly damaged;

At the same time, Hang Lung Bank also lost more than 40% of its depositors, and these depositors will not deposit their money again;

He even hated Hang Lung Bank, and put the responsibility for the loss of interest on Hang Lung Bank;

I will also complain about why China Everbright Bank did not make an early acquisition, and I am afraid that I will also hate it.

Hang Lung Bank saved almost 30 million Hong Kong dollars in interest expenses in this wave, but it also hurt its vitality.

Wu Guangyao asked: "With a capital injection of 300 million Hong Kong dollars, can it turn losses into profits within three years?"

A group of people dare not make a promise, after all, the market is too bad, and there is no definite date when they will come out.

Lei Hong said: "It should not be a problem for Hang Lung Bank to turn losses into profits within three years; but the premise is that some of Hang Lung Bank's non-banking businesses are packaged and sold to brother companies. Pure banking business is still relatively easy to turn losses into profits. of."

In Hong Kong's banking crisis, banks' investment in non-banking businesses led to losses, which was a big incentive;

Hang Lung Bank is no exception. The real estate projects it invests in not only generate losses, but more importantly, they also occupy a large amount of cash flow.

Wu Guangyao said: "Well, all non-banking businesses are sold! Three years later, the profitable Hang Lung Bank will be merged into China Everbright Bank. We don't need too many subsidiary banks."

In fact, as far as Wu Guangyao knows, Hang Lung Bank is relatively easy to turn losses into profits;

Because in the previous life, Hang Lung Bank finally recovered 400 million Hong Kong dollars in bad debts, accounting for more than 50% of the entire Hang Lung Bank's bad debts;

Those who owe these bad debts, as long as they are still engaged in business activities, can pursue debt recovery no matter in Southeast Asia, Europe or the United States;

In the end, these people will still pay off part of it.

Moreover, if Wu Guangyao doesn't care about "leading wolves into the house", he can completely manage Hang Lung Bank and sell it to overseas banks, so that he won't lose money;

Of course, Wu Guangyao would rather lose money than take the initiative to 'lead the wolf into the house'.

Finally, Wu Guangyao said: "In the next two or three years, you and my family office will cooperate on one thing, and that is to prepare for the listing of China Everbright Bank. You are more professional than me in the operation of holding shares, how to do it specifically. "

Everyone nodded. The listing of China Everbright Bank is an exciting thing, and it also indicates that China Everbright Bank can flex its muscles in the future.

Wu Guangyao also has his own considerations for listing Everbright Bank: it is time for Hong Kong Island to form a consortium model.

 …

The general trend of history will not change much because of personal intervention;

Wu Guangyao, who is familiar with history, knows that the loss of the Hong Kong Island crisis is not the collapse of many companies, but the outflow of talents and funds.

September 1982,

Mrs. Thatcher (Thatcher) stumbled in the capital and broke the confidence of the citizens of Hong Kong Island;

Since then, there has been a wave of immigrants in Hong Kong, and the immigrants have taken away their funds;

The exchange rate of the Hong Kong dollar naturally fell sharply, and the citizens of Hong Kong Island sold their Hong Kong dollars for foreign currencies one after another.

Those who can emigrate overseas with conditions are nothing more than rich people and skilled workers;

These two kinds of people are undoubtedly the favorites in overseas immigration countries. Some countries have come to rob people and propose various superior policies.

Among them, three countries are particularly active, namely Canada, Australia, and the United States;

Canada is the most active of these three countries;

Canada has a vast land and sparse population, and its land area is larger than that of China, but its population is only 27 million; Canada has always opened its doors to people from rich countries and regions (emphasis on 'rich');

In 1967, Canada benefited from absorbing immigrants from Hong Kong Island with assets or expertise; as soon as the crisis began, Canada stepped in when the citizens of Hong Kong Island were in panic, strengthening the consulates in Hong Kong, and the Canadian provinces established offices in Central Hong Kong. Office, to attract businessmen from Hong Kong Island to invest in their province, to provide consultation for professionals who want to go to Canada to develop... Various measures show that Canada is the most determined.

The second most active is Australia. However, Australia has been somewhat xenophobic over the years, and Hong Kong immigrants are somewhat worried. Moreover, although Australia is more active than the United States, it is still inferior to the conditions offered by Canada.

As for the United States, it is still Uncle Sam's old-fashioned style. It is known as the world's largest political and economic power.

 …

External temptation, internal crisis, considering some people who are qualified to immigrate, began to think about immigration;

And if you want to immigrate, the first thing is to sell your assets in Hong Kong and exchange your Hong Kong dollars into foreign currencies.

From 1974 to 1978, the exchange rate of the Hong Kong dollar against the U.S. dollar has been stable at 4.5:1. After 79 years, the Hong Kong dollar began to depreciate slowly. , Even if you are in foreign trade business, you don't feel this change obviously.

But this time, citizens frantically sold Hong Kong dollars and exchanged them for foreign currencies, which led to a rapid decline in the foreign exchange reserves of the Hong Kong government;

Subsequently, the Hong Kong government introduced a new law that large-scale exchange of dollars must have sufficient reasons and be approved by the Hong Kong government.

This regulation shows that the problem is solved, but there are policies and countermeasures. Countless scalpers have begun to take advantage of the loopholes in the law, arranging ordinary people to go to the bank to exchange the maximum amount of foreign exchange allowed by the law, and then add up to more, and sell them at high prices. Immigrants.

Although the Hong Kong government is aware of this, in order to maintain Hong Kong's status as an internationally recognized "free trade zone", it is only cracking down on scalpers, but the effect is not good, so foreign exchange reserves continue to decline.

In the end, a large number of Hong Kong dollars were exchanged, and the exchange rate fell sharply, which caused huge losses to ordinary people in Hong Kong, so these people joined in and began to pluck the wool of the Hong Kong government.

HSBC is responsible for the foreign exchange within Xiangjiang, but HSBC is also half of the central bank. This kind of business will also be contracted to other banks, and the foreign exchange has decreased sharply, which has caused a shortage of US dollars in some banks;

In the end, many banks began to suspend the exchange of US dollars, after all, they are not the "central bank".

When a bank announced the suspension of dollar exchange, people worried that other banks would follow suit and announced the same policy, so they went to other banks to exchange dollars more actively. This caused banks that were not nervous about foreign exchange exchange to immediately become nervous.

Finally, under the run, these banks also stopped exchanging dollars.

These people who ran to exchange dollars, their initial fears, they realized by themselves.

Panic is something that spreads quickly;

On the black market, the U.S. dollar is becoming more and more valuable, while the Hong Kong dollar is depreciating more and more;

As a result, some stores began to list prices in US dollars and refused to accept Hong Kong dollars;

There was also a rush to buy goods in the market. People worried that the Hong Kong dollars in their hands would become worthless, so many large supermarkets were almost emptied.

Wu Guangyao has a lot of US dollars in his hands, but he dare not let go of the exchange right now, because it is obviously a loss of money;

At this time, the exchange rate between the Hong Kong dollar and the US dollar has fallen to 6.8:1, but it is far from being undervalued;

By September, the exchange rate almost fell below 10;

Even if the Hong Kong government finally stabilizes the exchange rate, it will still be 7.8;

If the exchange is released now, Wu Guangyao will lose a lot of wealth in vain;

I support the market by myself because I have determined that I will not lose money:

For example, investing in commercial real estate, long-term investment is sure to make a lot of money;

For example, if you increase your holdings in your own company, this can be said to be bargain hunting after all;

But if I exchange my US dollars to others, it is obviously a money-losing business;

As a businessman, you can do some charity, but you will not do business that loses money.

Therefore, Wu Guangyao did not intend to contribute his own strength at all during the early and middle stages of the Hong Kong dollar turmoil;

On the contrary, because everyone feels that the Hong Kong dollar is worthless, in addition to exchanging foreign currencies, they also hoard a large amount of supplies;

Wu Guangyao welcomed this kind of behavior with both hands!

Because of the retail industry on Hong Kong Island, the Wu family monopolizes more than 70%;

The more you buy, the more you waste in the end, and the more you earn from your retail business.

Knowing the history, Wu Guangyao ordered his retail stores to prepare a large amount of supplies;

Moreover, in the Mainland, Japan, Southeast Asia and other places, a large number of channel supply has been increased;

Therefore, Wu Guangyao is the happiest when citizens are hoarding supplies!

Of course, with Wu Guangyao's wealth and status, it is not difficult to make a fortune, and maintaining prices is basic.

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