I Want To Be a Rich Man on Hong Kong Island

  Chapter 444【Hong Kong Island Economic Recovery 1】

  In early January 1969, Everbright Securities.

  Liu Yu came to Wu Guangyao’s office and said: "Boss, Buffett has notified our partners that his funds are going to be refunded!"

  Wu Guangyao pretended to be contemplative, and then said for a moment: "How about our earnings in the Buffett Investment Club?"

  Liu Yu replied: "The principal was 100 million US dollars. After two years of investment, the assets reached 165 million US dollars at this time."

  Wu Guangyao nodded, and said: "With a return rate of nearly 30% every year, Buffett is not easy!"

  Liu Yu said: "It's really not easy! The most important thing is that he is quite calm. The U.S. stock market has risen for almost ten years. How many people can keep calm!"

  It seems that Liu Yu also agrees with Buffett’s judgment and has a certain sense of danger for US stocks.

  Wu Guangyao said: "Well, it seems that the U.S. stock market is going to fall! Anyway, there are no cheap stocks in the U.S. stock market. Let's withdraw too!"

   Liu Yu said: "Okay, then withdraw immediately, so as not to encounter a stock market crash!"

  Liu Yu is convinced of Wu Guangyao. If Buffett has a bit of foresight, then his boss is even more authoritative in this regard!

  Wu Guangyao said: “The funds of the Buffett Investment Club will be withdrawn immediately, and the Wu Family Fund of the Tiger Fund will also withdraw for me within 3 months.”

   After the withdrawal of these two funds, Wu Guangyao is equivalent to having nearly 300 million US dollars of movable funds;

  In addition, shipping will receive 400 million U.S. dollars in dividends immediately, as well as the profits of various companies last year;

  So, Wu Guangyao had a cash flow of 800 million US dollars in early 1969.

  How to spend 800 million US dollars?

  Obviously, if there is a bank, it is losing money!

  Money can only be preserved by investing!

  Continue to invest in gold spot, there is no doubt that Wu Guangyao already owns 300 tons of gold (purchasing is in progress);

  Wu Guangyao decided to invest another 400 tons of gold spot, which is expected to cost 500 million US dollars.

  There is still 300 million U.S. dollars left, and Wu Guangyao quickly made a decision;

  Wu Guangyao decided to divide 300 million US dollars into two parts, of which 100 million US dollars will be used to invest in real estate in Tokyo, Vancouver, Toronto and other places;

  The other 200 million US dollars are deposited in China Everbright Bank, ready for their own investment.

Liu Yu hesitated and said, "Boss, the stocks you told me are indeed high-quality stocks in Hong Kong stocks. But at this time, the stock market is rising rapidly. I think we should put out another sum of money. To invest in other securities."

Wu Guangyao said: "Yes, Everbright Bank will provide you with 50 million Hong Kong dollars for your operations! But the stocks I talked about are related to my major events and are not used for investment and speculation. Therefore, they are not allowed to be sold and have to continue. Buy me quietly."

   Liu Yu hurriedly said with a serious face: “Don’t worry, the boss, I remember this clearly, and I did it personally. It’s absolutely confidential.”

  Wu Guangyao nodded, and then said, "Can you analyze the situation of Hong Kong Island's stock market at this time?"

Liu Yu sorted out his thoughts and said: "The stock market rebounded in April last year (1968), and it actually started. After nine months of rising, the stock index rose from 56 points to 130 points, an increase of nearly twice. ."

  I have summarized six reasons for this situation: stable situation, influx of foreign capital, abundant local hot money, bank flooding (excessive deposits), optimistic economic development prospects, and insufficient stock supply. "

  When Liu Yu said this, Wu Guangyao became interested and said: "Explain these six reasons to me!"

  Liu Yu knew that the boss was testing himself, and he should not be ashamed.

"The first reason is that the situation is stable. After experiencing the riots, the people of Hong Kong Island are looking forward to the peace and stability after the riots, and they cherish it. This may be a result of the'people's minds for governance'. In fact, stepping into it. Since 1968, there have been voices longing for peace and calling for harmony in the Chinese political situation on the periphery, the international situation, or the internal Hong Kong Island society. This atmosphere is obviously very important to investors.

At the beginning of last year, the political environment on Hong Kong Island stabilized. High-level mainland officials instructed not to change the status quo of Hong Kong, and resumed the supply of daily necessities from the Mainland to Hong Kong. Other exports also increased greatly; thus, the industrial and commercial industries on Hong Kong Island developed. This is the stock market. A fundamental factor in active trading. "

  Wu Guangyao nodded, Liu Yu’s first reason analysis was correct;

  At this time, Hong Kong Island has a stable political situation and a sound legal system.

  Seeing Wu Guangyao affirmed himself, Liu Yu was confident, and then said:

"The second reason is the influx of foreign capital. After the situation in Hong Kong stabilized, the funds that escaped in 1967 began to return. After all, Hong Kong Island is the most suitable place for our Chinese to survive; A series of political instability in the decade also indirectly accelerated the flow of funds back to Hong Kong;

  Hong Kong has always played an intermediary role in communicating with Chinese communities at home and abroad; this role is not only prominent in business and trade, but can also be reflected in information exchange and financial exchange.

  Hong Kong Island has always been regarded by the Chinese in Europe, the United States, Australia, Canada, and Southeast Asia as a ‘fund safety zone’. They are particularly interested in the economy of Hong Kong Island. "

  Wu Guangyao said with a smile: "This is the truth. Hong Kong Island is close to the Mainland, and overseas Chinese are always thinking of the motherland. Hong Kong Island is everyone's wharf, ready to support the motherland at any time."

  Liu Yu naturally knew that his boss was also a patriotic businessman, so he offered flattery.

   "Boss Gao Yi!",

  Wu Guangyao waved his hand to signal Liu Yu to continue!

Liu Yu went on to say: "The third reason is that local hot money is abundant; the Chinese on Hong Kong Island have been adhering to the traditional virtues of'accumulating grain to prevent hunger' and'making wealth through diligence and thrift.' The deposits of Hong Kong citizens have reached an astronomical figure.

  The depreciation of the Hong Kong dollar in 1967 has made many citizens understand a truth: that is, the meager bank interest cannot offset the losses caused by inflation and currency devaluation.

  The result is that some savvy citizens began to find some investment channels that can follow the pace of economic development, and the stock market is undoubtedly the first channel that everyone thinks of;

  So, a large number of citizens began to contact the stock market and chose to invest. "

  Wu Guangyao nodded, and echoed: "Even the people around me have started to trade in stocks. It seems that this is the general trend of society!"

   Liu Yu said: “I heard that the boss helped several people around him to settle the investment loss?”

  Wu Guangyao waved his hand and said: “Set it right? If I don’t put pressure on them, I’m afraid they will have to make dangerous moves; so I let them slowly return the money every month without affecting their lives.”

  Liu Yu nodded and said: “Yes, it’s too easy to stand up, these people will choose to forget! You can’t let the boss come to help every time, and the boss can’t be too busy!”

  Wu Guangyao nodded, and then said, "Go on!"

Liu Yu said: "The fourth reason is bank flooding. When foreign capital flows into Hong Kong Island, they will first choose to deposit in local banks, and local deposits have also increased unabated. Naturally, local banks have flooded (excessive deposits). ). There is a saying in the West: “Bankers are the smartest investors.” In an environment with ample deposits, banks reduce interest on deposits on the one hand, and relax lending conditions on the other, so that customers’ deposits become “theirs”. Money making tool';

Among them, the bank’s regulations on “stock mortgage” have become particularly active; banks have “relaxed their hands” for creditworthy and well-operated customers (brokerage firms), and have almost achieved “Huang Daxian” (will respond to requests). There are more favorable.

  Because of this, the procedures are simple and the cost is low, so speculation activities have become particularly active. "

  Wu Guangyao sighed: "Once the pyramid falls, it will be a disaster!"

  Liu Yu remained silent, thinking in his heart that China Everbright Bank has been very active in lending this kind of loans recently, for fear of the boss’s idea;

   But Liu Yu believes that before the pyramid fell, China Everbright Financial Department might have escaped.

  This is not only the confidence in oneself, but also the trust in the boss!

  Next, Liu Yu analyzed the two reasons for ‘optimistic economic development prospects’ and ‘less stock supply’, and he also analyzed the top points;

  The prospects for economic development are optimistic. This was originally a trend on Hong Kong Island, and it was fully manifested as early as the mid-1950s;

  The lack of stock supply is because there are few listed companies on Hong Kong Island. However, the number of listed companies on Hong Kong Island will increase by a large amount in the future, and it may double this year.

   Liu Yu’s performance made Wu Guangyao very relieved. With Liu Yu’s ability, coupled with his own general outlook, he will definitely make great achievements in the securities field in the future.

  (End of this chapter)