The Industrial Giant Reborn

The auction was so exciting that all the reporters left the venue after sorting out their things, and then immediately told their companies about the news. They were only preparing to publish front-page news. At present, it depends on whose printing machine is faster and who can print it first. After the newspaper is printed and delivered to the newsstand, whoever can get the largest sales volume.

Of course, real estate bosses don't care about trivial matters like newspapers. What they care more about is what they will do once the real estate market starts to pick up. Everyone's faces are full of infinite yearning for the future.

Everyone said hello and farewell to others with smiles on their faces. Even if there was competition before, it didn't matter anymore. When the market is getting bigger, there is no need for any competition, because the cake is so big that everyone can enjoy it. Can eat enough.

Chen Zengxi also personally came to Chen Zhiwen to chat for a while. After just talking to Chen Zhiwen, he made up his mind and directly bought a piece of subway station property for HK$310 million. Now he has received news that the Hong Kong real estate market will definitely recover. , naturally very happy.

This was true for officials from the Lands Department of the Hong Kong Government. After the auction, Dong Youwei went back to Land Land to prepare for the handover of the Golden Bell Land King that was photographed today, while Chen Zhiwen took Li Jiacheng to the nearby Mandarin Land. Oriental Hotel.

"Li Sheng, please sit down." Chen Zhiwen said with a smile.

"I didn't expect that Mr. Chen had just demolished the Hilton Hotel and acquired the Mandarin Oriental. It's really enviable." Li Jiacheng said with a smile after sitting down.

"It's just a hotel, it doesn't mean much. If Li Jiacheng wants a hotel, it's not easy to build one." Chen Zhiwen shook his head and said: "Building a hotel in the most prosperous area of ​​Hong Kong is actually a loss, and the income is far less than that of an office building." .”

"In terms of income, it is indeed not as good as commercial office buildings, but if we can grow bigger and reach other cities around the world, the prospects are still different. After all, we Hong Kong real estate developers can only do some real estate business in Hong Kong. , it’s difficult elsewhere.” Li Jiacheng said with a smile.

"Oh, I heard that Li Sheng is also developing real estate in Canada. Does Li Sheng want to expand his business overseas?" Chen Zhiwen asked.

Not to mention the position, in fact, among all the Chinese wealthy real estate developers in Hong Kong in history, Li Jiacheng was the most interested one. The other people basically only got involved in Hong Kong. Only Li Jiacheng was determined. To expand outward, invest in real estate in the mainland, invest in oil fields in Canada, invest in telecommunications in Europe, and invest in ports in many places around the world. We have achieved high results in multiple businesses. Just from the perspective of business operation capabilities, it is definitely The strongest.

Of course, in terms of net worth, although Li Jiacheng is better than the others, he is not much better. Perhaps this is because the investment-to-income ratio of various industries is still far behind that of real estate. Even if the other three major families in Hong Kong are He only lives in Hong Kong and speculates in real estate, and the money he earns is only slightly less than what Li Jiacheng worked so hard for. However, in terms of global influence, the other three companies in Hong Kong combined cannot compare to Li Jiacheng.

Li Jiacheng began to test the waters of overseas investment as early as the 1970s. This is also very rare in the Hong Kong real estate industry. Ordinary Hong Kong real estate developers, even if they go to invest outside, will at most choose Bay Bay or nearby places instead of Thousands of miles away.

"It's just selling real estate outside Hong Kong to Hong Kong people who want to immigrate, or local Chinese. In essence, it is no different from developing real estate in Hong Kong." Li Jiacheng explained, and then added: "Compared to Chen It’s really a long way to go for students to rely on various industrial products to get out of Hong Kong.”

"That's much better than others." Chen Zhiwen smiled and stopped worrying about the topic. He asked: "Li Sheng, you should be very clear about the current situation of the Hong Kong market. The next real estate bull market is bound to come soon. , so, what is the future plan of Yangtze River Industrial?"

Chen Zhiwen is actually quite curious about this. In the original history, after Li Jiacheng acquired Hutchison Whampoa in the name of Cheung Kong Holdings, in the 1980s, he actually relied on Hutchison Whampoa for major expansion. This was true for several major industries. Cheung Kong Holdings The company can only be said to be a holding company, and now it only has Yangtze River Industrial. Although it is much larger than other peer companies, Yangtze River Industrial only does real estate and has no other experience or relevant talents. Then it will be difficult for Li Jiacheng to enter other industries.

"Is Mr. Chen asking this as a major shareholder of Cheung Kong Holdings?" Li Jiacheng did not answer, but asked with a smile.

"So be it." Chen Zhiwen nodded and said. During the real estate crisis, he arranged for people to acquire shares of many real estate companies in Hong Kong, especially future giants, including Cheung Kong Holdings. This was equivalent to indirectly investing in the entire Hong Kong. The real estate market does not yet require a lot of effort to operate.

"Well, in the short term, it is natural to develop more land, build properties, and then make a profit. If there is a suitable location, you can also collect rents in the long term. The specific situation depends on the actual situation." Li Jiacheng said.

"What about the long term?" Chen Zhiwen asked again. In the real estate market, there is nothing to say about selling high and buying low. Normal operations are the same for everyone. It depends on who can grasp the timing better.

"Who knows what will happen in the long term?" Li Jiacheng smiled and said, "I actually want to develop non-real estate industries overseas, but the risks are very high. Let's wait until Hong Kong is more stable."

"With HSBC as our backing, how can we still be short of funds?" Chen Zhiwen said with a smile.

"HSBC is not a fool. There are too many funds involved and there is no absolute certainty. He dare not borrow it casually. Besides, even if HSBC is willing to lend, it still has to pay it back." Li Jiacheng shook his head and said.

"That's right." Chen Zhiwen nodded and said: "Hisense Bank, as you know its scale in Hong Kong now, soon, I will let Hisense expand overseas like HSBC. If you have capital needs, you can consider joining Hisense In terms of cooperation, the interest rate may be similar to that of HSBC, but in terms of quota, it will definitely not be lower, especially for investments in Hong Kong.”

Although a bank is very strong, no matter how strong it is, it still needs customers. Without enough customers and without the profits generated from loans, how can it pay the interest on user deposits?

In the past two years, Hisense has actually taken advantage of the real estate crisis to start cooperating with companies and even individuals that other banks are not optimistic about in order to grab more customers. Now that the real estate market has returned to normal, it is naturally more necessary to find long-term cooperation. of customers. Otherwise, even if you have the ability to raise deposit funds, you will be unable to lend them out.

When there is a bull market in the real estate market, generally speaking, banks turn to real estate companies, because as long as there is nothing wrong with their brains, real estate companies operating normally will basically not lose money.

Hang Lung Group was the first, but it was easy to win because of its previous crises. Others still had to be negotiated.

There are two aspects of bank loans that are valued by real estate developers. One is interest and the other is quota. For banks, one is profit and the other is risk control. Generally, a balance must be paid attention to. Therefore, it is also difficult for real estate developers to obtain to big discounts.

"The proposal given by Chen Sheng is really hard to refuse." Li Jiacheng said after thinking for a moment.

For real estate developers, the lower the bank interest rate, the better, but the quota is more important. Once the quota is high, theoretically speaking, they can pay smaller amounts of their own funds, and then they can operate more projects at the same time. As a result, the profits obtained can be greatly increased or even doubled.

Of course, if something goes wrong, the risk doubles. This depends on the market and personal vision. Now, the real estate market is obviously about to recover, and he is very confident in his vision.

"In the real estate industry in Hong Kong, I am actually most optimistic about Cheung Kong Holdings and Li Sheng's management capabilities, so I also hope to reach a long-term cooperation with Li Sheng." Chen Zhiwen said.

Hisense Bank cannot lend money to companies that have close relationships with the boss, such as Land and Hutchison Whampoa. This is a legal restriction in Hong Kong. Although there is no way to forgive it, it can only be on a small scale, involving billions. It is difficult to operate at the Hong Kong dollar level. Even if it can be done, there is no profit in order to cover up. Moreover, this kind of behavior is a slap in the face of the Hong Kong government, and it is easy to leave clues. There is no need to do this kind of thing, it is better to go directly to the Future real estate tycoons like Li Jiacheng.

The real estate industry has a huge demand for bank funds, and this will be the case in almost every country in the future. This is also the fundamental reason why real estate has hijacked the entire country's finances.

"But, Mr. Chen, you should also know that the relationship between Cheung Kong Holdings and HSBC is very good. Basically, most of the business is given to HSBC." Li Jiacheng hesitated for a moment and said.

"I know this, but doesn't HSBC also make a profit? This is just a normal transaction. Could it be that HSBC has given you some very big benefits?" Chen Zhiwen said with a smile.

Historically, the cooperation between HSBC and Cheung Kong Holdings was closely related. The fundamental reason was that in 1979, Shen Bi sold Hutchison Whampoa to Li Jiacheng at an ultra-low price. There must be many other conditions behind this transaction. It is estimated that the most basic The only thing is that the loan must be obtained from HSBC.

But there is no such thing in this life. Although HSBC also showed favor to Li Jiacheng, it was pure cooperation and there was no special interest relationship.

Not to mention that even in the original history, when Shen Bi retired a few years ago, the relationship between Cheung Kong Holdings and HSBC was not as good as before. It even happened that because HSBC wanted to assist the Hong Kong government in suppressing housing prices, real estate companies such as Cheung Kong Holdings also Join forces to fight against the bank.

The prerequisite for maintaining a stable long-term relationship is stable long-term interests. This is true between people, between companies, and even between countries.

"That's true, but it's not convenient for me to turn around immediately." Li Jiacheng said.

"I understand, it doesn't need to be immediate, just take your time. In the future, you will still rely on service. Whichever is better, Hisense or HSBC, is your choice." Chen Zhiwen said with a smile: "The other thing is that if you invest overseas, we will also We can negotiate. HSBC should be more cautious in this regard, right?"

Future history is bound to change. Chen Zhiwen doesn't know what Li Jiacheng will invest overseas, and whether it will be as successful as it was in history. He also doesn't know, but as a person who will be so successful in later generations, the risks are higher than others. It must be lower than that. Compared with the benefits after success, a little risk is nothing. How can there be no risk in doing business?

"Okay, if there is an opportunity, I will definitely consider cooperating with Hisense." Li Jiacheng nodded and said. Although he has cooperated with HSBC for several years, there is indeed no exclusive agreement, just because Shen Bi trusts him quite a lot, and HSBC is Hong Kong's largest bank, under normal circumstances, she naturally doesn't need to consider other banks.

Although Hisense is smaller than HSBC in scale, Chen Zhiwen behind it is stronger. It is hard to say what the future will look like. It is definitely good to have one more choice, and it can also reduce the risk of being too dependent on one bank.

"Sheng Chen, I would like to ask, why are you giving such favorable conditions to Yangtze River Industries?" Li Jiacheng asked. It is normal for the banking industry to compete for big customers, but it seems a little too good for himself.

"I have confidence in the future of Hong Kong." Chen Zhiwen smiled and said: "Li Sheng, you are not the only one."

"So that's it, I understand." Li Jiacheng nodded and said.

"One more thing, you also know that I acquired the shares of Yangtze River Industrial. I can tell you that I have a total of 15.99% of the shares, and it will not exceed 16%." Chen Zhiwen added: "Because once it exceeds, Hisense Bank As my sole proprietorship, I can’t give you a loan. Similarly, once Hisense Bank lends you a large amount of money, you don’t have to worry about me forcibly acquiring Yangtze River Industries!”

"I understand." After hearing this, Li Jiacheng immediately felt relieved.

In Hong Kong, Chen Zhiwen has successively acquired Hutchison Whampoa and Jardine Matheson. Wheelock is now suffering heavy losses because its main shipping company has encountered a global shipping recession. Swire is controlled by the family for more than 50%. There is no such thing. concern.

Then whether Chen Zhiwen will take action against Chinese capital has become a worry for all Chinese real estate tycoons.

However, if it is in this cooperation model, then there is no need to worry. (End of chapter)