We're building a super chaebol in Hong Kong
#533 - Deep Wealth
Macau is definitely a place to go, after all, Su Cheng also wants to establish a foundation there.
Right now, he doesn't have much of anything, except for a lot of liquid capital.
This money can't just sit in the bank forever; with the passage of time, money will depreciate.
Right now, he's only worth tens of billions, enough to be the world's richest man.
But decades later, to be the world's richest, you'd need a net worth of at least ten trillion Hong Kong dollars.
Compared to tens of billions of Hong Kong dollars and ten trillion Hong Kong dollars, the gap is too large.
So, this money can't just stay in the bank like that, it's useless.
His money is basically all in his own bank, and it doesn't generate interest, useless.
He's not comfortable having such a large sum of money in someone else's bank.
The best way is to continue expanding the business, or to use it for property investment.
Speaking of which, should he spend less money?
Su Cheng began to consider it.
Making money is difficult, but spending money isn't; it's too easy to spend money, even hundreds of billions in cash.
He personally called the Secretariat of the Macau Governor's Office and told them that he would be going to Macau in a couple of days to discuss matters with the new Governor of Macau.
After that, Su Cheng called Zhang Qizheng and learned that he was currently at the Tianyuan Building in North Point, so he told him that he would come over now to see him about something.
After hanging up, Su Cheng took his bodyguard and went straight out the door.
Although Su Cheng and Zhang Qizheng often talked on the phone, and Zhang Qizheng would report his work to Su Cheng from time to time, the two of them hadn't actually met in over a month.
The last time they met was when Su Cheng went there to look at the financial statements of various companies, which was in early February.
And now, it's already March 20th, time really flies.
Twenty minutes later, Su Cheng was already in Zhang Qizheng's office in Tianyuan Building.
"Boss, long time no see!" Zhang Qizheng exclaimed as soon as he saw Su Cheng.
"Yes, it's been a while," Su Cheng nodded.
The two sat down on the sofa, and Zhang Qizheng started brewing tea for them.
Recently, Su Cheng hadn't arranged any work for Zhang Qizheng. Tianyuan Company was still doing the work that Su Cheng had previously arranged, so they weren't too busy.
Su Cheng had actually arranged a lot of work for Tianyuan Company before, but it was mainly stock market operations.
Acquiring shares of Huifeng Bank, acquiring shares of potentially huge listed companies in Europe, America, and Japan, etc., even if Su Cheng hadn't arranged any work for Tianyuan Company recently, they still had their own tasks.
"Okay, then I'll report on Tianyuan Company's recent work first," Zhang Qizheng nodded.
"The international stock price is indeed as the boss predicted; there hasn't been a bear market like the first World Oil Crisis in 1973. The international stock market only experienced a slight decline for a few months before rebounding. Now, judging from the trend of the stock market, it's developing in a good direction. We took advantage of the panic selling by stockholders these past few months and acquired a lot of high-quality stocks. Now, if we were to sell them all, we would have made a lot of money."
"The total number of Huifeng Bank shares we've acquired from the market has exceeded 3%, reaching 3.28%. The progress is a bit faster than expected. Huifeng Bank's shares are different from other stocks; its stock trading is relatively stable, and there aren't usually large increases or decreases. Therefore, in order to prevent people from discovering that someone is acquiring Huifeng Bank shares on a large scale, we're taking it slowly, step by step, so as not to drive up the stock price and be noticed."
"As for the shares of international listed companies such as Philip Morris, Coca-Cola, PepsiCo, Wrigley, Procter \u0026 Gamble, Hershey Foods, Toyota Motor, etc., we've also acquired a lot of them during the stock market volatility these past few months. The total expenditure has reached about 3.8 billion Hong Kong dollars. I'll give the boss the detailed acquisition data later."
"Currently, the stock market has entered a stable and bullish state, so the panic among stockholders caused by the oil crisis has basically ended. For example, the Hong Kong stock market has already started to become lively under the leadership of major players. The result of this is that although the stock price has increased slightly, the trading volume is also higher, so we won't easily let others know when we are acquiring."
Su Cheng nodded as he listened to Zhang Qizheng's report.
This was already within his expectations. In Su Cheng's previous life, the second oil crisis didn't really bring a stock market crash to the world.
Although this world has changed a lot because of Su Cheng's appearance, the general direction hasn't changed, and the trend of the stock market is the same.
At this time, Zhang Qizheng also got up and took a document from the bookshelf and handed it to Su Cheng.
Su Cheng took it and opened it to look at it.
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The information inside contained detailed expenditures for each stock purchase, and behind it was the result of Tianyuan Investment Company's stock acquisition each month.
The stock price of each transaction, the average acquisition price of each stock, the total number of shares, the total expenditure for the acquisition of a single stock, the total market value of the stock market now, etc., are all recorded in detail.
Su Cheng casually looked at it and put it aside.
Su Cheng believed that these 3.8 billion Hong Kong dollars worth of stocks, without Su Cheng's intervention, would have at least dozens or even hundreds of times the increase in the future.
At that time, it wouldn't be 3.8 billion, but a market value of several hundred billion or even a trillion.
What's more, the stock is still being invested in and hasn't stopped, and the number of stocks held by Tianyuan Investment Company in the future will only increase.
Su Cheng's investment in Tianyuan has always been very generous.
Tianyuan Investment, in the short term, at least for the next few years or even more than a decade, basically most of the stocks are only bought and not sold, waiting for the stock price to appreciate in the future.
Although Su Cheng's industries may change a part of the global landscape in the future, he doesn't think he can change the fate of so many top companies.
Therefore, most of those top companies in the future world will still develop in a more and more awesome direction.
Holding a part of their shares is equivalent to them working for Su Cheng. It's much easier to make money this way than to start a business hard, so why not!
"Continue to acquire according to the plan. If you run out of money, tell me, and I will have Kerry Bank transfer funds to Tianyuan Investment Company's account," Su Cheng said with a smile.
Right now, he has hundreds of billions of cash lying in his own account. Just the crude oil he sold, if converted into Hong Kong dollars, would be worth more than 20 billion, not to mention the profit dividends from Su's Group and Hutchison Whampoa Group last year.
Su Cheng can now be considered truly wealthy.
"Okay, Boss!" Zhang Qizheng replied.
(End of this chapter)
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