Reborn in Hong Kong: The Tycoon Grows Up

Everyone present was shocked to hear Toyofumi Mitsui's analysis that the Bank of Japan was going to raise interest rates. Not to mention how much real estate the company purchased, each of them holds a lot of real estate; basically they operate through leverage. If the property price falls, it is likely that you will lose everything and even be burdened with debt.

Mitsui Chuichi didn't expect his son to say so much. It seemed that he still needed some experience. This is not the time to express one's stance easily. Many people will think that he is trying to cause trouble. Although my father is the patriarch and has a dominant position in the family, he is 90 years old after all and still has a few years to live.

Even if he lives to be 100 years old, he seems to be in good spirits now; it is hard to say whether he will become confused in the future.

Although it was not stated directly, it ended with the elders’ decision. But it is very obvious both inside and outside the words; the Bank of Japan is about to raise interest rates and take other measures; the Mitsui family must find a solution and cannot sit still and wait for death.

At the same time, the information disclosed to the outside world is to sell off part of the property quickly, otherwise you will lose everything. No one in the family knows what they think better than him; this is a group of people who want to take advantage of everything.

The real estate they hold is waiting for appreciation, so how can they sell it easily? And selling now is a huge loss for them. Basically, it is a loan to buy a house, or even a house mortgaged several times; the worst is a revolving mortgage; in short, if the house price rises, you will make a lot of money; but once the house price falls, then unfortunately, you will probably lose everything. .

Seeing that everyone was silent, Mitsui Takamori said in a low voice: "The important affairs of the family are left to you to manage. I am very pleased to see that the Mitsui Group continues to grow stronger. But now if the Bank of Japan raises interest rates, it can You are so overwhelmed that you don’t even have any countermeasures; is everything just superficial prosperity; the data is just good-looking.”

"The Mitsui family has been standing for 400 years. Starting from the shogunate era and even experiencing Japan's defeat in World War II, the family is still prosperous. Now the Bank of Japan suddenly raises interest rates, making it so unbearable. Is it because our ancestors were too wise and powerful, or are we too too Too incompetent.”

"I have always emphasized that business should be done for the sake of the Mitsui family; stability is the first priority; as for businesses with bad investments, we must not do it. As long as we manage advantageous projects well, it will not be difficult to prosper for 400 years."

"But you are lucky enough to invest heavily in real estate; you even use high leverage. Could it be that the current house is not enough to live in? If everyone manages the area they are responsible for well, it will be better than anything else; if you are so ambitious, it will all come to nothing."

"Today I must give an explanation. If the bank raises interest rates and the stock market and property market drop sharply, what is the limit of what you can bear? No one is allowed to leave until you tell the truth. For those who do not tell the truth, whether they live or die, the family will never Will help."

As a 90-year-old man, he is rarely involved in the specific affairs of various branches of the family. Today's attitude made them feel familiar and strange at the same time. I am familiar with him because Mitsui Takamori was also a cold and resolute person before, and he is almost the same as he is today.

Strange because with the rapid development of Japan's economy, the Mitsui family's wealth has been rising every year; they have not expressed any opinions for at least 20 years. As long as everyone in the family thinks it is feasible, they will basically not stand up to oppose it.

Seeing that everyone was afraid to speak, they shot and killed the leader; in the big family, huge property distribution matters were involved, and the relationship between the brothers was not so harmonious. Some people want to climb up by stepping on their brothers, how could they expose their shortcomings?

Mitsui Chuichi knew that he had to stand up and take a stand at this time; as the future heir of the family, he must have his own responsibilities. Of course, if the family doesn't save them, they will probably die; it's a matter of life and death, and they can't hide it now. So he said directly: "Currently, Sakura Bank's main loan customers are in the real estate field. If housing prices fall sharply, it will cause the bank to have a lot of bad debts."

"At the beginning, everyone believed that Japanese housing prices would only rise and never fall; that's why they made a desperate move. Currently, 85% of bank loans are in real estate-related industries. If the Bank of Japan promulgates an interest rate hike policy and causes housing prices to fall; then Sakura Bank There will be heavy losses and even a serious reduction in assets.”

"As for me personally, I have also purchased 40 large and small real estates, mainly in the Tokyo area. The current market value is about 380 billion yen, but 300 billion of it is loans. If house prices fall by half, we will lose 1,500-2,000 yen. More than 100 million yen.”

Hearing this, everyone also took a breath of air; they didn't expect this kid to play so big, he was really the first to win.

Sakura Bank is currently the largest bank in Japan and the second largest in the world; its total assets exceed US$400 billion; it was formed by the merger of Mitsui Banking Corporation and Taiyo Kobe Bank.

Because of the Mitsui family's relationship, Sakura Bank's domestic strength cannot be underestimated. And if you dare to name it after the national flower, if you don't have the strength, people probably won't agree.

As the heir to the family, Mitsui Chuichi naturally has to be in charge of the most important core industry. Sakura Bank, the number one company among the family's 25 companies, should be managed by him.

I didn't expect this kid to play so hard, using 50 billion yen in assets to leverage 380 billion in wealth. Even with bank support, this cannot be done. If everyone is like him, if there is any trouble or economic crisis, it will be strange if the bank does not collapse.

Mitsui Takamori didn't expect that his son would be so courageous. Before taking over the bank, he repeatedly emphasized that the loan amount of any single industry must not exceed 30%; otherwise, if there is an industry recession, then the bank will inevitably suffer heavy losses; it may even be a result that the family cannot bear.

But this kid is good at turning his words on deaf ears; 85% of bank loans are related to real estate. Once house prices fall or a market downturn occurs, how will the Mitsui family respond?

And he also took the lead in violating regulations. With 50 billion yen of his own funds, he actually wanted to leverage 300 billion in wealth. What is the concept? If you are not careful, you will fall into an abyss.

There is no need to think that it must be taking advantage of Sakura Bank's management. Even if other banks are crazy, they don't dare to lend like this. Even if the Mitsui family agreed to lend money for the sake of their reputation, the interest would be too much for ordinary people.

The person in charge of the bank cannot lend money to the bank that is managed; this sentence is thrown out of mind again. It seems that this son is really not suitable to be the heir, otherwise the family will be ruined by him.

This is done to avoid using power for personal gain; making money through family shareholding dividends is the safest way. Assuming that all members of the family only care about personal interests, then it will be very difficult for the Mitsui family to continue; it may even be impossible!

Now his son, the future heir of the family, has blatantly violated the rule that he cannot benefit from the company he manages; if he is not punished, what credibility will he have?

As the leader of the clan, you cannot keep a bowl of water in check; other members of the clan may not obey orders.

Mitsui Takamori thought for a while and said: "Mitsui Chuichi is no longer suitable to continue to manage Sakura Bank. As for who will be handed over to manage Sakura Bank, we can wait until after the meeting to decide. The first task is to find out how much the various subsidiaries of the family are involved in local real estate and stock markets. In the midst of a transaction.”

Even though the old guy is 90 years old, his ability to solve problems cannot be underestimated, and he is even very sophisticated.

It has not been said who will ultimately hand over the management of Sakura Bank; even Mitsui Chuichi's position has not been revoked. But it also sent an obvious signal to everyone. If you make a mistake, you will definitely be punished; even as the heir of the family, this is the same.

Mitsui Chuuichi explained it so clearly, how dare you conceal it. If the family really discovers it, not only will the explanation be unclear, but it may also lead to death.

The big family doesn't have many other things, but it definitely has a lot of children. So what if Mitsui Chuichi is the heir? Similar to him, there are several others in the Mitsui family who are qualified to take charge of the family power. It's just that the rankings are high and low, and they are irreplaceable.

In fact, Mitsui Chuichi was worried that his father would kill his relatives out of justice and not care about him; he would let him fend for himself. If that were the case, he would definitely not be able to fill such a big hole by himself. It doesn't matter if he loses his inheritance rights, his son has grown up. Moreover, there are only a few people in the family who are qualified to inherit, and they are not clean either. They are no better than me!

Everyone looked at each other, and it seemed that it would be difficult to leave if they didn't tell the truth today. But giving up like this is really a bit unwilling. It is speculated that the Bank of Japan may raise interest rates, but specific policies have not yet been promulgated; even if the Bank of Japan promulgates relevant regulations, the current real estate prices and scale; if everyone joins together, there may not be no chance at all.

The person in charge of Mitsui \u0026 Co., Ltd., Mitsui Cosco thought for a while and said: "It is just a sign at the moment. It is just everyone's random speculation; there is no factual basis; we are a little too nervous."

Hearing this, everyone had expressions of disbelief. They were thinking that you are too brave, but even Mitsui Chuichi confessed frankly. Don't you know what the patriarch meant? But then I thought about how smart the old boy was, he shouldn't be so stupid; he must be unconvinced and deliberately challenge the authority of the patriarch.