We're building a super chaebol in Hong Kong

Charity is something you can do occasionally.

Su Cheng's main focus is still on making money.

After all, only with money can you do what you want; otherwise, everything is nonsense.

Time passed day by day, and soon it was December 1984.

In this month, something of great significance happened to Hong Kong.

That is, the negotiations on the future of Hong Kong had ended, and the future of Hong Kong was no longer shrouded in mist but had a destination.

The signing of the "Joint Declaration" officially resolved the historical issue of Hong Kong.

When the "Joint Declaration" was transmitted to the entire Hong Kong through major news outlets, some rejoiced while others grieved.

At this moment, the people of Hong Kong were divided into two factions: those who supported it had more confidence in the future of Hong Kong, and those who did not support it tried to immigrate.

As for those foreign firms, they all chose to move the listing registration of their companies abroad, such as to Bermuda, or to move their headquarters to London.

However, even if they moved their headquarters' registration abroad, it was of little use, because their main business still had to rely on Hong Kong. Moving the headquarters was just self-deception, unless they were willing to give up their Hong Kong business.

The "Joint Declaration" clearly stipulated the arrangements for Hong Kong land leases, which can be said to have greatly given the people of Hong Kong ample confidence in Hong Kong real estate.

Thus, in this Hong Kong of 1984, the real estate industry, after more than two years of silence, finally began to recover in this fourth quarter.

Entering 1985, the real estate market became more active, with house prices and rents beginning to rise, and real estate developers actively increasing land reserves and expanding supply.

The transaction volume of the market also increased significantly, even doubling compared to the same period in previous years.

With the increase in transactions, housing prices naturally rose, and before long, housing prices returned to the peak prices of 1981.

All of this naturally occurred after the "Joint Declaration" came out.

A prosperous Hong Kong has returned again.

And in these two years, the biggest beneficiaries have been Su Cheng's various enterprises.

During these two years of decline, under Su Cheng's arrangement, his various enterprises continuously and secretly purchased cheap commercial buildings, industrial buildings, land, and even government land.

After the "Joint Declaration" came out, before long, the properties held by Su Cheng's enterprises had basically doubled in value, and housing prices were still rising.

Because the arrangements for Hong Kong land leases in the "Joint Declaration" gave the general public enough confidence, they were no longer afraid of future problems with buying houses now.

"Boss, how did you guess that Hong Kong's housing prices would skyrocket so quickly?" Yang Chaoye asked with emotion in an office at the Tseung Kwan O headquarters base.

In the past two years, the Su's Group has purchased more than 10 billion Hong Kong dollars worth of properties and land in Hong Kong.

Now, the value of these properties and land has exceeded 20 billion, and it is still rising.

"Have you ever seen a real estate crisis that lasts for a long time? Moreover, the current international economy has not yet reached a bottleneck. The economic downturn is only temporary, so the real estate crisis must only be temporary. People, after all, have to be bold. So many of my industries are in Hong Kong. If I didn't believe in the future of Hong Kong, I would have transferred all my industries long ago. Why would I lay out such a large scale in Hong Kong?" Su Cheng said with a smile.

This kind of surge is unimaginable.

At this moment, Yang Chaoye couldn't help but sigh that it was too easy for the boss to make money.

Now, after two years, there is finally a return.

This is the boss's foresight. Which other boss would dare to do this?

In Hong Kong, even Li Ka-shing, Yue-Kong Pao, and others would not dare to do this.

Banks like HSBC and hongs like Jardine Matheson were constantly advancing overseas, attempting to shift their focus from Hong Kong to overseas, because they had no confidence in the future of Hong Kong. They were only reluctantly staying in Hong Kong because their main business was in Hong Kong.

If there was a real opportunity to run away without any losses, these British-funded enterprises would have run away long ago. Why would they wait until now?

Back then, when Su Cheng asked Yang Chaoye and others to continuously acquire, Yang Chaoye, Wei Li, and others raised objections.

However, these companies are all the boss's private property. Even in public utility listed companies like HK Electric, the boss holds almost half of the shares.

Usually, the boss doesn't interfere, but at critical times, his decisions still take precedence.

At that time, both Yang Chaoye and Wei Li felt somewhat helpless.

But after the "Joint Declaration" came out, these generals under Su Cheng were completely in awe of Su Cheng.

Look, this is the real brilliant decision.

At this moment, these executives finally knew why the boss could make so much money, while they were only suitable to be professional managers.

Today, people like Wei Li, Zhang Qizheng, and Yang Chaoye are all billionaires.

With the strength of these people, they can easily create a large company.

But no one does this.

Because they feel that being a senior executive under Su Cheng, being a person in charge, makes more money.

And starting a business has too many uncertainties.

From these two years, we know that many companies in Hong Kong are losing money.

They may not really make money by starting a business, and may even lose money.

But managing the company well for the boss not only has a high base salary but also more profit sharing.

These dividends are enough for them to become rich.

Of course, Su Cheng was so bold because he knew about the future development of Hong Kong. With Little Ai, this super-intelligent AI, controlling the future direction, if he still couldn't make money, it would be a waste of this golden opportunity.

"Boss, to be honest, I really regret it. If I had invested all my savings in real estate to buy land and properties during the real estate crisis, my assets would have doubled by now. But now, the opportunity is gone," Yang Chaoye said with regret.

After working at the Su's Group for several years, his assets had already reached two to three hundred million Hong Kong dollars.

If he had been bolder and followed Su Cheng's investment in real estate, those two to three hundred million could have been worth five to six hundred million Hong Kong dollars.

It would be a lie to say he had no regrets.

Since the economic downturn, Yang Chaoye had stopped investing and instead chose to deposit his money in the bank.

But the interest earned from keeping money in the bank could never keep up with inflation.

So, in reality, his money had been constantly depreciating!

"Director Yang, let me give you a suggestion. If you trust me, take this money to buy stocks in my listed companies such as Hutchison Whampoa and HK Electric. Their future growth will not be worse than real estate. Besides my listed companies, you can also invest in HSBC Bank. I am a shareholder of HSBC Bank. Although they are now shifting their focus overseas, I think their investment strategy is very good. The future of HSBC Bank will definitely be a large international bank, not just a regional bank in Hong Kong!" Su Cheng generously offered his advice.

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As for whether he would listen or not, it was up to him to decide.

Yang Chaoye had helped him a lot, managing the Su's Group in an orderly manner. This alone was enough for Su Cheng to willingly provide him with advice.

Now, Yang Chaoye was already in his sixties, but thanks to the many benefits and comprehensive medical institutions that Su Cheng provided them, Yang Chaoye was still a rosy-cheeked old man, and he didn't seem to have any health problems at all.

In this way, he could continue to shine for Su Cheng and make more contributions to the Su's Group.

After listening to Su Cheng's suggestion, Yang Chaoye began to think.

His money was all deposited in Kerry Bank, which was owned by his boss.

In fact, all the senior executives and employees of the Su's Group basically deposited their money in Kerry Bank, because the interest rate of Kerry Bank was higher than other banks.

Moreover, they had enough confidence in their boss. With the boss's assets, Kerry Bank would definitely not have any problems.

If they put it in other banks, they would be afraid of bank runs.

And Kerry Bank had also invested in many real estate properties in the past two years. Although it was not as exaggerated as Hutchison Whampoa, it had also invested more than 10 billion Hong Kong dollars.

And now, these invested properties had also doubled in value.

If they slowly sold their properties now, their profits would be very large.

The bank's funds also needed to be expanded through continuous investment, just like HSBC Bank, which was constantly investing.

After all, customers deposit money and interest has to be paid. If the bank does not invest, where will the extra interest come from? Wouldn't the losses become bigger and bigger?

Therefore, banks often use the funds deposited by depositors to make investments!

And the money earned is naturally taken by the bank, only a small amount of interest needs to be given.

But if there are losses, the bank has to bear it itself.

Not only that, the customer's interest must still be paid in full.

"Yes, I should think about investing," Yang Chaoye nodded and said.

He was very open-minded in managing the Su's Group.

But when it came to his own assets, Yang Chaoye seemed very cautious.

The ultimate reason was because his own assets were his own. If he lost money, he would really lose it.

The company's investment, on the other hand, followed the boss's decision. Even if there were losses, it would not be a loss to him, just a little less dividend.

Thinking about one's own interests is human nature. Who works not for the salary? Does anyone really work for the boss?

"By the way, boss, I plan to develop a tourist resort base in Yangcheng. The economic development of the mainland, especially the economic development of Guangdong Province, is getting better and better. There are more and more wealthy consumers. Now is the time to plan. After a few years, it will definitely be very popular. There is no tourist resort area like Tseung Kwan O tourist resort area in Yangcheng. They only have some small amusement parks," Yang Chaoye said.

At the beginning, Su Cheng built the Tseung Kwan O tourist resort area basically according to the famous Chimelong tourist resort area in his previous life.

Now, this tourist resort area is obviously very successful. Although the annual profit is not very impressive among his many industries, the income is very stable, and it can also occupy such a large piece of land.

After all, tourist resort areas require very large pieces of land. If you invest, you have a reason to buy land.

Otherwise, if you buy the land and do not develop it, the local government will have opinions.

Now Yangcheng does not have a large-scale tourist resort area.

The famous Chimelong tourist resort area in his previous life was not officially established until 1989.

And now, it is only 1985.

In other words, if he does it now, it is equivalent to taking away Chimelong's position.

"Okay, you can decide on this matter. The location must be well-chosen. The closer to the city center, the better!" Su Cheng said directly.

The investment in the tourist resort area does not need to be too large. According to the investment in the Tseung Kwan O tourist resort area in Hong Kong, excluding the land value, it is only two to three hundred million Hong Kong dollars.

And the land in Yangcheng is very cheap now.

"Okay, then I will find some time to go to Yangcheng to discuss this matter with the relevant local departments. They are very enthusiastic about investment. We have made so many investments in Yangcheng. I believe they will definitely give us a very good piece of land to choose from," Yang Chaoye said with a smile.

"I suggest that this tourist resort area be placed in Haizhu, Tianhe, or Huangpu in Yangcheng, and the land should be several million square meters!" Su Cheng suggested.

The future Chimelong tourist resort area ultimately chose to be placed in Panyu, which is also good, but after all, it is a bit far from the city center, and the passenger flow will definitely be affected.

But if it is placed in the city center, the passenger flow will definitely be much larger.

(End of this chapter)