We're building a super chaebol in Hong Kong
#828 - Complexity
“《Announcement Regarding the Appointment of Company President》”.
The next day, many Hong Kong business newspapers published the announcement released by China Bus.
In particular, the "Hong Kong Securities Journal" and the "Hong Kong Business Journal" are newspapers favored by many stockholders.
Therefore, the news of China Bus changing its president quickly spread throughout the stock market.
The announcement also included Mairis's personal resume as an attachment.
As a result, stockholders quickly learned about the past resume of the new president, Mairis.
Learning about his previous work experience and achievements, everyone had great confidence in him managing China Bus.
Moreover, looking at the major enterprises controlled by Su Cheng, the abilities of the people in charge have all been proven.
Originally, the stock price of China Bus had stabilized at a price of around HK$32 per share due to Su Cheng's entry.
But this time, after the company's person in charge was finally determined, the stock price rose sharply, reaching HK$35 per share.
That's how stocks are; company news and announcements will have a certain impact on its stock.
Hong Kong stockholders are enjoying the speculation of China Bus stocks.
Of course, this matter has little to do with Su Cheng.
Because, currently, he has no intention of increasing or decreasing his 51.96% stake in China Bus, so the ups and downs of the stock price naturally have little to do with him.
On the other side, in the chairman's office of Cheung Kong Holdings headquarters, Li Jiacheng, who had just started work, also saw the report in the newspaper.
Looking at the announcement published in the newspaper, Li Jiacheng felt an inexplicable sense of unwillingness in his heart at this time.
Originally, this talent should have belonged to their Cheung Kong Holdings, but now, he missed him.
In the final analysis, it is because his own strength is not strong enough!
Although he, Li Jiacheng, is now a figure in Hong Kong and a well-known real estate tycoon in Chinese-funded enterprises.
However, compared with Su Cheng's strength, the difference is too great, so much that he doesn't even have the courage to compete with him.
Cheung Kong Holdings started with manufacturing, initially earning its first pot of gold from a plastic factory.
With a very business-minded mind, he saw the future prospects of Hong Kong real estate in the late 1950s, so the company began to focus on the real estate industry.
Having developed to this day, Cheung Kong Holdings has become a benchmark enterprise in the Hong Kong real estate industry, with a group market value of nearly 1 billion Hong Kong dollars, second only to a few companies in real estate listed companies, such as Hongkong Land.
It is not difficult to see that in the future, many industries in Hong Kong will have their markets seized by companies under Su Cheng. Although they cannot achieve a monopoly, the Hong Kong market is only so big. If no one can compete with Su Cheng, everyone can only divide the remaining share.
Since Cheung Kong Holdings has continued to develop rapidly, Li Jiacheng's ambition has also continued to grow.
When they reach this point, they naturally all want to go further.
Therefore, a year or two ago, he planned a plan to swallow an elephant with ants, intending to acquire a British-funded bank. Once successful, he would be able to directly rise from a second-rate rich man to a top rich man in Hong Kong.
Unfortunately, this plan failed after Su Cheng's appearance.
Now, he has even failed to compete for a talent, and he failed inexplicably. If he hadn't gone to Singapore, he wouldn't even know how he failed.
He feels that he is really running into walls everywhere now.
But what can he do with unwillingness?
In the end, he doesn't dare to offend Su Cheng.
Otherwise, it is uncertain whether there will be a place for him to survive in Hong Kong.
Shift the focus of development overseas?
Li Jiacheng had also thought about it in the past year after losing the opportunity to control Hutchison Whampoa.
But in the end, he still denied it.
Because, Li Jiacheng came to Hong Kong at the age of eleven and has been developing here for nearly 40 years.
It can be said that his connections and everything he is familiar with are almost all in Hong Kong.
Can he develop faster by going to other places?
Not necessarily!
Moreover, going to other places to develop may also encounter the joint squeeze of local enterprises.
Li Jiacheng has also encountered this kind of thing, after all, Cheung Kong Holdings also has many investments in foreign countries.
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Some investments, he can only withdraw his investment in a gray manner in the end.
It is impossible for all investments to be successful. He, Li Jiacheng, is not a god and cannot do this.
Therefore, even if he knows that if he stays in Hong Kong, he can only be the second in command even if he reaches the peak, he still chooses to continue to develop in Hong Kong.
Hong Kong is ultimately the base camp of Cheung Kong. Even if he cannot surpass others here, he can still develop at a not slow pace every year.
As for being the boss, don't think about it. At least from the current point of view, Li Jiacheng has not seen anyone who has the ability to surpass Su Cheng.
“Alas!” Li Jiacheng sighed, put down the newspaper, and rubbed his forehead.
His heart is very complicated.
He is fifty-one years old this year and is starting to get old.
In this matter, he can only admit defeat if he fails to compete.
“I hope Mr. Su will not set his sights on Wharf!” Li Jiacheng sighed.
In recent years, he has also successively acquired several Chinese-funded enterprises, and American-funded enterprises have also been acquired.
However, in Li Jiacheng's heart, he still hopes that Cheung Kong Holdings can acquire a British-funded bank.
Only in this way can he break through at the fastest speed.
According to the current stable development of Cheung Kong Holdings, I don't know when Cheung Kong Holdings will be able to reach the level of a first-class enterprise in Hong Kong.
To overtake on a curve, mastering British-funded banks is the key.
After all, British-funded enterprises account for half of the sky in Hong Kong and have strong forces.
Although Chinese-funded enterprises are gradually catching up, especially with the addition of Su Cheng, a new generation of Chinese-funded entrepreneurs, Chinese-funded enterprises are now closer to the strength of British-funded enterprises.
However, in the eyes of ordinary people, Chinese-funded enterprises still have a little gap with British-funded enterprises after all.
Jardine Matheson, Swire Group, HSBC Bank, Hongkong Land, China Light and Power, Wharf Group, Green Island Cement, Hong Kong Telecom, Dairy Farm International, Mandarin Oriental, etc., even though many British-funded enterprises have recently begun to withdraw from Hong Kong, their strength should not be underestimated.
Of course, what ordinary people don't know is that with Su Cheng's current management of Hutchison Whampoa, Su's Group, Hong Kong Electric Group, Tianwen Petroleum Company, Tianyuan Investment Company, Tianqiong Semiconductor Company, Tianqi Property Company, China Bus, etc. in Hong Kong, the enterprises controlled by him alone can compete with all British-funded enterprises, not to mention other Chinese-funded enterprises.
Therefore, it can be said that under the influence of Su Cheng, the overall strength of Chinese-funded enterprises has actually surpassed British-funded enterprises, but many of Su Cheng's enterprises are not listed, and the market value cannot be estimated, which ordinary people do not know. (End of this chapter)
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