Reborn in Hong Kong: The Tycoon Grows Up
Chapter 519 Banquet at the Peninsula Hotel 6
Lee Shau-kee felt very happy because Bao Zixuan said that every word of his name was worth 10 billion Hong Kong dollars. No wonder Bao, the richest man, dared to be so confident and bold and ignore the China Gas matter. It turned out that he was betting that he didn't dare to use his reputation to make money for his own reasons. This kid really saw it, and he really didn't dare.
Just when the three of them were chatting happily, Li Chaoren, Guo Desheng and Zheng Tong also joined in. Seeing this situation, Bao Zixuan thought to himself that the five tigers of Xiangjiang Real Estate are all here. They must be talking about real estate matters, and they can't talk to them together! The most important thing is that Zheng Yutong has nothing to say. The two of them were not very happy when they first met.
Li Chaoren has a very high emotional intelligence. Of course he knew that Sha Dantong and Bao Zixuan were not getting along, so he took the lead and said: Why didn't I see you guys? It turns out you are hiding here for peace and quiet!
At this time, the strongest among the five real estate giants in Xiangjiang is Hu Yingxiang of Hopewell Holdings, followed by Li Chaoren. However, as Li Chaoren and Wheelock sell off the two Federal and International buildings in Central, there is still a trend of becoming the number one Chinese real estate developer in Hong Kong.
In 1980, Wheelock's Federal Real Estate and Li Ka-shing's Cheung Kong Holdings formed Zhuojian Investment Co., Ltd., each holding 50% of the equity; Zhuojian first purchased Wheelock's Federal Building and International Building for 1 billion yuan, and first received 500 million in cash. Later, Li Ka-shing used Zhuo Jian to sell the two buildings for 2.235 billion, and then let Wheelock cash out 1.1 billion, and Li Ka-shing also received 1.1 billion yuan. After deducting the 500 million yuan originally paid to Wheelock, in just a few months, Earned 600 million yuan.
It can be said that after this wave of operations by Li Chaoren, people have seen his karate strength. Such a person seems to be born to do business and will not starve to death anywhere.
However, in 1982, life began to be difficult for real estate developers. With the outbreak of the second global oil crisis, the world economy fell into a recession around 1981-1982, and trade protectionism rose. This was a problem for Hong Kong, which has a large export business. The economy is under heavy pressure. Even Bao Zixuan feels that business is more difficult to do this year. Fortunately, he is mainly engaged in high-tech industries, so the impact is not particularly big. This is also the reason why Heiyun must enter the military industry this year; it is also leaving an extra path for the future. At this time, we were in the Cold War, and even poor countries needed to develop armaments to deal with possible crises.
The combination of economic development and political factors finally led to the collapse of the real estate market in 1981. At the same time, it was accompanied by a second bank run and bankruptcy and a continuing bear market in the stock market.
But what the real estate developers don't know is that the crisis has just begun. The Iron Lady has to go to Kyoto, China, and life will be even more difficult in the next few years.
In 1982, Iron Lady Margaret Thatcher visited Kyoto, and it was reported that China and Britain had huge differences on the future of Hong Kong. As a result, confidence in the real estate market and the stock market finally collapsed. In 1982, land prices in Xiangjiang generally fell by 40% to 60%. The biggest declines were in industrial land and high-end residential properties.
Some high-end residential land prices on Nanwan Road have also dropped by 60%. The proportion of the Xiangjiang government's land sales revenue in total fiscal revenue dropped from a maximum of 35% to 15% in 1983. At the same time that low prices plummeted, house prices also began to fall sharply. Residential prices generally fell by 30% to 40%. For example, residential house prices in North Point fell from 10,000 yuan/square meter to 6,640 yuan/square meter.
The aggressive real estate company suffered a disaster. Hang Lung Properties, Great Eagle Group, Carnival Properties, and the long-established leading real estate companies have all encountered difficulties, while companies such as Jia Ning Real Estate have gone bankrupt. What followed was a new round of crisis in the banking industry.
In 1982, the century-old Xie Liyuan Gold Shop collapsed, which was the trigger for the entire crisis. Then it was reported that Hang Lung Bank, which had business dealings with it, was run on and was on the verge of bankruptcy in just a few months. This long-standing Chinese-owned bank was caught off guard because it invested too much money in real estate.
It can be said that the major real estate developers were not having a good time at this time. Although Bao Zixuan knew the historical development. Knowing that these people can survive the crisis, and Heiyun has prepared funds, everyone is in a competitive relationship, especially Li Chaoren still has a piece of land in Tianshuiwei. Heiyun must get the land from him if he wants to monopolize Tianshuiwei. Negotiating with Li Chaoren is a headache. It can be said that he is no match at all.
At present, the crisis has not completely erupted because Bao Zixuan suddenly appeared. Employees of Heiyun Group bought gold on a large scale in order to please Zheng Jiajia, which allowed Xie Liyuan to receive more financial support and therefore has not yet collapsed. However, Bao Zixuan knew that after Iron Lady fell in Kyoto Things will definitely have an outcome. The sudden rise of Heiyun Group has greatly improved the economy of Xiangjiang compared with the previous life. At least it has injected a lot of capital, which has delayed the real estate crisis in Xiangjiang to a certain extent. However, the capabilities of one person and one company are limited after all. Even if you have money, you can't fight against the trend alone, and he's not that stupid.
Li Shauji was the most familiar with Li Chaoren, so he smiled and said, "I was chatting with Xiao Baosheng and Hu Sheng. Why did you guys come here together?"
Li Chaoren: "The real estate market has been getting weaker and weaker recently, and the Iron Lady is coming again. We generally understand what Kyoto means!"
"It's not easy to discuss this together. There is no need for us to fight to the death like before. Some land can be used for cooperative development, which can also avoid risks."
"Sheng Baosheng, you are not in the real estate industry. I can't understand more and more whether you can help us analyze the future of Xiangjiang Real Estate from an outsider's perspective."
It turns out that Li Chaoren's purpose in coming here was for himself. In his previous life, he established the Cheung Kong Graduate School of Business just to call mainland Chinese entrepreneurs there. Then he learned the information from them, which made his future investments in the mainland unfavorable. Now he is targeting himself. Li Chaoren is really cunning.
But since people have asked you, you can't help but answer. Besides, he said that he was going to buy land from Li Chaoren in a few days, and it was impossible not to give him any face.
Bao Zixuan: "The business I do is very different from that of you. The most valuable things to you are real estate, real estate, or fixed assets such as precious metals. The most valuable things in Heiyun are engineers and skilled workers. As long as I am here and can help you It’s not a big problem to retain talents in the core framework and polish the rest.”
"I don't know much about the real estate business. I might consider buying a few buildings to collect rent in the future. But I think China and the UK are both the five permanent members of the United Nations, and both possess nuclear weapons. It shouldn't be that easy to start a fight."
Li Chaoren then said: "I heard that the Hong Kong government has sold all the reserved land in Tianshuiwei to Bao Sheng, and the Zhang family has also agreed to sell their land. Now in the Tianshuiwei area, there is still a small piece of land in the hands of Changjiang Industrial, Bao Sheng Aren’t you interested?”
Hearing Li Chaoren say that Tianshuiwei was completely bought by Bao Zixuan, several big guys present felt that Bao Zixuan was much crazier than them and actually bought an area directly. That has a land area of nearly 10 square kilometers. How much does it cost? Construction requires a huge amount of funds. This guy is too powerful!
Bao Zixuan didn't know what Li Chaoren meant, but since he could say it face to face, he must have felt that he had grasped his weak point. Currently, only Li Chaoren owns a small piece of land in Tianshuiwei, and the surrounding land belongs to Heiyun Group. If Bao Zixuan wants to develop the entire film, he must buy it all. But Li Chaoren also knew that if the price was too high and Bao Zixuan would kill everyone around him, it would be a dead end.
And it will also offend people. He is also looking for a balance point now. A price that the richest man can accept, and a price at which he can still make a huge profit.
The main reason is that this balance point is difficult to grasp. Everyone knows that Bao, the richest man, must win this land. Anyone who dares to take advantage of this land will be the enemy of Bao, the richest man. No businessman in Xiangjiang would do this. As long as he did not sell the land to Heiyun, but to any company or individual, he and Bao Zixuan would definitely have a hostile relationship in the future, so Li Chaoren also had a headache at this time.
Bao Zixuan: "It would be a lie to say that I don't want it. If Li Sheng is willing to part with me, of course I am willing to buy it. But as for the price, I would like to ask Li Sheng to be more generous."
The intention is very obvious, even if you want to hide it now, people won't believe it. It would be better to admit it openly and believe that Li Chaoren would not dare to go too far, otherwise the two would fall apart.
Li Chaoren: "Now the surrounding land is owned by Baosheng. I don't even want to sell it to Baosheng. You also know that we are all people who are not short of money. I want to increase my holdings in Baohuodong Mining Company. No. I know whether Bao Sheng is willing to exchange some shares.
Hearing this, everyone felt that Li Chaoren was really daring to think that he actually wanted to buy shares of Huo Dong Company. This company is now as powerful as a money printing machine. The profit in the first half of the year alone has exceeded 5 billion US dollars. The profit in the second half of the year is higher than that in the first half. Profits will only be high, not low.
Bao Zixuan knew that Li Chaoren was here to take advantage. Every company has a price. What's more, he also intends to reduce his shares in Baohuodong Mining Company. The interests involved are too great. Since Li Chaoren wants it, he can give it to him, but he cannot take advantage of this old boy.
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