Reborn Tycoon Rise

After the banquet, the delegation was sent back to the hotel.

"Sheng Bao, I saw you looking serious along the way. What happened?" Xu Zhi happened to be heading back to the hotel in the same direction as Bao Yugang, so he asked casually on the way.

Bao Yugang smiled and said: "It's nothing. Minister Lin from the Sixth Machinery Department just revealed to me that domestic shipyards can build 100,000-ton cargo ships. He hopes that I can order a few. You also know that I have been selling recently. As for freighters, I’m just not optimistic about the shipping market, but I’m not willing to refuse the requests from the mainland, so it’s a headache.”

"What is the approximate price of a 100,000-ton freighter?" Xu Zhi knew nothing about this.

Bao Yugang said: "The price of cargo ships actually fluctuates greatly. It is not only about steel raw materials, but also closely related to the supply and demand market. According to the current international price, one ship costs almost 40 million U.S. dollars, and the price offered by the mainland is actually cheap. , only 35 million, but..."

"Understood." Xu Zhi nodded and said. Bao Yugang was preparing to abandon the ship and land. All his ships were being sold below cost. Of course he was not willing to buy a few large cargo ships now.

Not only the real estate industry, but also the shipping industry is also a highly leveraged operation. For a $30 million ship, the buyer may only pay $3 million or even less, and the rest depends on bank loans, and then slowly operate it. freighter to repay the principal and interest of the loan.

If the shipping market is booming, it may be possible to recover the capital within two or three years, but if the reverse is true, it will be enough to bankrupt the shipping company.

Bao Yugang sold off his ships in order to reduce the liabilities of Global Shipping. Now, if he is asked to borrow hundreds of millions of dollars to buy freighters that will inevitably lose money in the future, no one will agree to this.

Bao Yugang smiled bitterly and said, "What does Xu Sheng think I should do?"

Xu Zhi smiled and said, "What else can I do? Just refuse!"

"Reject? It's not good, right?" Bao Yugang said with a frown.

"A loss of hundreds of millions of dollars, Mr. Bao, are you sure you want to pay for this?" Xu Zhi said: "Even if Mr. Bao wants to help the mainland, you should not do it in this way. You can invest in other aspects. You can consider hotels." Or infrastructure.”

"That's all we can do." Bao Yugang thought for a moment and said, "Thank you very much, Xu Sheng."

Xu Zhi smiled and said: "You're welcome, it's nothing."

Bao Yugang asked: "Xu Sheng, during this period I have carefully studied the real estate development strategies of your Evergrande Company and Hutchison Whampoa. Have you already calculated that there will be problems with the real estate in Xiangjiang in the future?"

"Yes, the real estate industry in Xiangjiang has always been like this. There is a crisis every few years. From 1975 to now, the housing prices in Xiangjiang have increased nearly 4 times, which is far beyond the affordability of ordinary families. In addition, the 97 contract period I don't know when the problem will arise, but the current housing and land prices are already too high. My strategy is not to make the last penny, so I am selling a large amount of land and properties in Xiangjiang." Xu Zhi may be real or Fake explanation.

"Not making the last penny? That's interesting." Bao Yugang nodded and said, "In that case, why is Xu Sheng still optimistic about Harbor City and taking over the land of the Causeway Bay Tramway Factory?"

Xu Zhidao: "That's because in the long run, I am still optimistic about the real estate industry in Xiangjiang. However, my main business is not real estate after all. If I engage in residential development, I need to pay too much attention. It is easiest to hold commercial buildings." method.

Hutchison Whampoa and the former Hong Kong Electric hold a large amount of land of varying sizes in the New Territories, Yuen Long and other places. I want to dispose of these as soon as possible to collect funds, but this does not include land and properties in prime locations in Central and Kowloon. "

Both Hong Kong Electric and Hutchison Whampoa own a large number of small properties or industrial buildings in non-core business areas. As early as the mid-1980s, Xu Zhi began arranging to sell a large number of these properties because these assets would fall in value in 1983-84. The situation is appalling. Historically, the price of industrial buildings in the New Territories has dropped by 8% of its peak. It is not easy to sell an industrial building worth 10 million yuan for 800,000 yuan.

Bao Yugang smiled and said: "Xu Sheng's vision is very good. You have cashed out a lot of money. As long as a real estate crisis does break out in the future, you will definitely be able to make a lot of money."

"Since Bao Sheng knows all this, he can go back and do it like this." Xu Zhi said with a smile.

Bao Yugang shook his head and said: "Forget it, I can't afford to bother. The properties and land owned by Wharf are basically in good locations. Recently, the company's liabilities have also been reduced to a reasonable level. I am old and just want to make a living for future generations." An asset that can maintain its value forever. This kind of real estate crisis is simple to say, sell high and buy low, but 90% of those who actually invest in it will lose everything."

"Indeed, it is easy to say, but extremely difficult to operate." Xu Zhi nodded and said. Even elementary school students understand the principle of selling high and buying low, but Xu Zhi can operate so smoothly because, first, he is familiar with history, and second, he is familiar with history. Second, the capital is strong. Ordinary people do not know the future time. More importantly, normal real estate developers operate with leverage. When profits increase several times, the risks also increase several times. Once the time is wrong, the loan will buy the property at a low price. If the land falls again, it is very easy to lose everything.

During the several real estate crises in Hong Kong, families such as Li Ka-shing, Li Shau Kee, and Zheng Yutong took advantage to the extreme, successfully doubling their assets and surpassing traditional British-funded consortiums. No matter what these people will do in the future, it is undeniable that These people's vision in business is indeed ruthless and precise.

Bao Yugang said: "Xu Sheng, I have considered your proposal on the plane to exchange terminals under our company. In principle, there is no problem, but the value of the specific assets needs to be further confirmed."

"Of course, we can do this after we finish here and return to Xiangjiang." Xu Zhi confirmed that the so-called asset exchange does not mean that mutual exchange is the end, it just means that both parties agree to exchange with each other, but there will still be Re-negotiate, confirm the value, and then the party with the lower asset price will need to add cash or other assets.

Bao Yugang smiled and said: "As for the matter of investing in the electric energy industry, I need to make a decision after returning to Xiangjiang."

Xu Zhi smiled and said: "Okay, but hurry up. The project on Lamma Island is also urgent. If it's too late, we can only issue bonds on the stock market."

"I will make a decision as soon as possible." Bao Yugang agreed, said goodbye and left.

Just when Xu Zhi and others returned to their residence to rest, a courtyard in the capital was brightly lit.

Director Shen of the Fourth Machinery Department was over 60 years old. He finally went to bed early on this cold day, but was woken up by a call from his subordinate. After hearing what the other party said clearly, he immediately woke up and said: "What you said is true. of?"

"It's absolutely true, Minister, how dare I joke about this?" Chen Guoming said over the phone as if he was swearing.

Minister Shen thought for a while and immediately said: "You are going to call Lao Wu and a few people now, and everyone will go to the ministry for a meeting immediately?"

"Now?" Chen Guoming looked at a few snowflakes floating in the air outside and asked, "How about tomorrow? It's already very late and it's snowing outside?"

"Is it snowing?" Minister Shen looked out the window and said, "Okay, then let them know that they will rush to the ministry meeting immediately tomorrow morning. No one can be late."

Chen Guoming agreed: "Okay, no problem, I will notify them immediately."

The upper limit is waived...