The Industrial Giant Reborn

"Loans in Japanese yen? They don't have any Hong Kong dollars?" Chen Zhiwen asked with a thought.

Generally, when doing business in Hong Kong, Hong Kong dollars are naturally used. The same is true for overseas banks. However, overseas banks do not have a foundation in Hong Kong after all, so they cannot absorb enough Hong Kong dollar deposits. If they want to cooperate again, they need to use their own country’s currency. Convert Hong Kong dollars.

Exchange rate fluctuations are a kind of risk, and banks will find ways to avoid this risk. Therefore, in many cases, they hope that the borrower will directly borrow the domestic currency. Risks and opportunities coexist. If the Hong Kong dollar appreciates after borrowing, it will be profitable.

"It should be that Hong Kong people are still not used to depositing money in foreign-funded banks, especially RB." Chen Tianfu nodded and said. Just last year, the Hong Kong government lifted the restrictions on the establishment of branches of foreign-funded banks, which made many large international banks They came to Hong Kong to set up a branch. Their purpose may not be Hong Kong, but they certainly don’t care about doing business in Hong Kong. Small flies are meat.

"Borrowing the yen is not enough. Now that the international currency is unstable, I think the yen may appreciate." Chen Zhiwen shook his head and denied.

He is naturally aware of the most famous Hiroshima agreement in later generations, but he does not know the exchange rate of the yen in the 1970s. However, because the United States has just abolished the Bretton Woods system, the US dollar has begun to depreciate sharply, and the Hong Kong dollar is anchored to the US dollar. Compared with other currencies, it is natural It will also depreciate. At this time, the best choice for borrowing is Hong Kong dollars and US dollars. Yen and European currencies cannot be borrowed. For example, the Hutchison Whampoa Group, which is about to experience a thunderstorm next year, has a large amount of foreign debt in Swedish currency, which has caused huge losses due to the rise in foreign currency exchange rates.

"That's a pity. The banks in Hong Kong are not as courageous as the employees of this small RB bank." Chen Tianfu said with some regret.

"It's not my own money. Of course I don't care. Anyway, if you win, you will get a bonus. If you lose, you can slap your ass and leave." Chen Zhiwen said with a smile. RB's corporate culture is that the company is its home, but this is only for ordinary social animals. , the real high-level people will never say that they will stay in a company forever, especially those who are in finance, they are seeking wealth and insurance.

In this era, there is no Internet, no monitoring, and the banking industry has a lot of loopholes. Banks stationed abroad are far away from the emperor, and the headquarters don’t know if they do something illegal. For example, the most famous Barings Bank was played by a small employee in Singapore. destroyed.

"But RB Bank can't do anything without Hong Kong dollars." Chen Tianfu also understood what his son meant, but no matter how bold the staff of RB Bank was, they couldn't change Hong Kong dollars.

"Actually, we can absorb Hong Kong dollars ourselves." Chen Zhiwen said suddenly.

"We absorb it ourselves? You want to open a bank? But the money from opening a bank cannot be used to help us do business. This is against the law." Chen Tianfu reminded.

Hong Kong’s financial market is relatively free. As long as you have money as a deposit, you can open a bank, but the deposits absorbed by the bank cannot be used for bank directors and other high-level business. This is a lesson learned by the Hong Kong government. With the deposits of their own depositors to speculate in properties, stocks, real estate, and trade, as a result, the market went down, and many banks lost all their money, causing a run on depositors. If the Hong Kong government and HSBC hadn't jointly suppressed the panic, Hong Kong's economy would It is bound to be hit hard.

"I know this, so instead of opening a bank, we can open an investment fund company." Chen Zhiwen said with a smile: "The price is clearly marked, and we give investors higher interest rates than banks. They invest their money in us and make money in the future. Give them the capital with interest, and the rest will belong to us?"

"Is this a bit like those lending companies?" Chen Tianfu said with a slight frown.

Chen Zhiwen nodded and said: "It seems a bit similar, except that they are going to lend usury, and we are going to invest normally. The nature is different. It may be more similar to bonds issued by listed companies."

"That's fine, then we will continue to invest in industrial real estate after receiving the money?" Chen Tianfu asked. During this period of time, he has spent most of his funds investing in industrial real estate, buying a lot of industrial buildings and strata sales. Industrial real estate properties, and as far as he knows, his son's company has bought more industrial real estate, and their father and son are buying industrial real estate with money from the bank.

"Yes, all of them are for industrial real estate, but you can also buy some B-type official documents in exchange for land certificates. It's the same as before, just do it as you see it." Chen Zhiwen replied.

The total market size of industrial real estate is much smaller than the residential and commercial real estate markets, but one of its advantages is that industrial real estate is not only related to Hong Kong's economy, but also to international economic development.

The entire real estate market in Hong Kong began to recover slowly at the end of 1975, and there were also increases throughout 1976, but the fluctuations were not very large, and it was not until 1977 that it began to make great strides. However, industrial real estate will recover at the end of 1974, because the global economy began to emerge from the shadow of the first oil crisis. At the same time, the electronics industry began to explode globally. , but the huge incremental market has made Hong Kong's electronics industry full of fat.

By 1977, the value of industrial real estate will have more than doubled compared with 1974, and the rent has also more than doubled. The Great Eagle Group in history relied on hoarding industrial real estate in the past two years, and resold them in 1977. He earned 400 million Hong Kong dollars, which was the foundation for him to become one of the top ten real estate groups in Hong Kong in the early 1980s.

The same rapid increase is also the second type of official letter for land certificate. The price of this thing is faster than that of real estate, because it is the representative of real estate confidence and represents the future value. It is much simpler, and a large amount of small hot money can also enter the market, which naturally makes it easier to push up its price.

"Well, I'll set up an investment company to take deposits. Are you going to set up another company yourself, or a joint venture with me?" Chen Tianfu thought for a while and asked.

"Let's do a joint venture. The investment company needs connections, so I'll forget it." Chen Zhiwen said, the most important thing for him now is to lay the foundations of Midea and Red Bull. Fedmart and Costco in the United States also need to be done as soon as possible. Obtain cheap materials in Hong Kong, as well as the layout for Wharf and future Hutchison.

"Okay, then the shares will be half and half. We need to rent a good location in Central, with a larger area and better decoration, so that people can trust our strength." The money that should be spent has to be spent in order for people to deposit money.

"You can't rent it, you have to buy it. It will be more convincing if you put the real estate certificate in the center of the store." Chen Zhiwen shrugged.

"That's true." Chen Tianfu nodded, the real estate in the center of Central is indeed very convincing, much stronger than the thousands of words.