I Want To Be a Rich Man on Hong Kong Island

  Chapter 676【Take another bank】

In the   private room, Wu Guangyao, Zheng Yutong, Chen Zengxi, Liao Liewen and others gathered together to discuss the issue of follow-up cooperation in the second section of Admiralty.

  Wu Guangyao first said: “I am willing to form a consortium with you for the follow-up 8,000 residential unit projects, and the remaining five commercial buildings will continue to be developed by my family business alone. What do you think?”

   Commercial buildings can collect rent for a long time, and the rate of return is much higher than that of residential projects;

  Of course, there are two characteristics in real estate development on Hong Kong Island:

  First, everyone likes to develop a project jointly so that the risks can be shared; if a project loses, the loss is shared by everyone, just like the ‘egg philosophy’.

Second, from the 1960s to the 1980s, apart from headquarters buildings, real estate companies generally did not develop rent-collecting properties. After commercial buildings were built, they would sell them to the public; the goods were like a rotation, and the rapid return of funds was the real estate company. The way of production.

  Naturally everyone has no objection to Wu Guangyao's cooperation arrangement. After all, with the financial resources of the Wu family, it is easy to complete it independently.

  However, everyone is also worried, that is the real estate situation in Hong Kong;

  So, everyone tried Wu Guangyao's tone one after another, and wanted to find the ‘reassurance pill’ from Wu Guangyao.

  Wu Guangyao said to Zheng Yutong: "Yutong, what do you think? You have been a person who has visited the mainland several times. You must have some acquaintances?"

Zheng Yutong nodded and said: "I personally am very optimistic about the reform and opening up of the mainland, and naturally I am optimistic about the future of Hong Kong; everyone should know that the mainland has already allowed private property, then after taking back Hong Kong, how can everyone's private property be confiscated? I still plan to Invest in Guangdong Province!"

Wu Guangyao said with a smile: "Yes, the mainland is very sincere to all walks of life in Hong Kong. Personally, I am very optimistic about'one country, two systems'. It can be said that Hong Kong will have more advantages in the future because we have a big country behind us. With the most populous country in the world, the huge market will give Hong Kong an economic advantage;

  The withdrawal of the United Kingdom from Hong Kong has become a foregone conclusion, and we don’t have to worry about the future; some wealthy people can pat their buttocks and leave, but our business and family are in Hong Kong. Are you willing to give up? "

  Everyone heard what Wu Guangyao and Zheng Yutong said and felt very convincing, and they also strengthened their determination.

  While chatting, Wu Guangyao said with a smile: “I heard that Yutong was in contact with the Development Bureau recently. Could it be that you have taken a fancy to the treasure of Wan Chai?”

Speaking of, as early as when Jian Yueqiang was the chairman of the Development and Trade Bureau, Jian Yueqiang repeatedly urged the Hong Kong government to build a permanent exhibition venue to adapt to the growing foreign trade of Hong Kong; Jian Yueqiang and MacLehose have a close relationship, so Mai Lihose allocated a piece of land in Wan Chai for the Development and Trade Bureau to develop convention and exhibition venues.

  In the beginning, the Development Bureau held high-quality land, waiting to be sold;

  But since the beginning of the Sino-British negotiations, real estate developers who were originally interested have retreated. For a while, no one was interested in this project.

According to Wu Guangyao’s guess, Zheng Yutong should have started contacting the Development and Trade Bureau recently, and may soon reach a preliminary cooperation agreement; once the Sino-British negotiations are over and everyone flocks to the Development and Trade Bureau, they will find that Zheng Yutong has already entered into the Development and Trade Bureau. The bureau reached a preliminary cooperation agreement.

  In the previous life, as soon as the Sino-British negotiations were over, everyone flocked to the Development and Trade Bureau and called for an open tender; however, Deng Rulian, the chairman of the Development and Trade Bureau, said that Zheng Yutong was the most sincere and directly began to sign the contract.

  Zheng Yutong's expression flashed in panic, and instantly calmed down, and said, "Guangyao is interested in this project?"

  In this life, although Zheng Yutong has not developed into a large project (New World Center), it does not mean that he does not like large projects;

  This kind of character who likes big projects will not disappear completely because of Wu Guangyao's appearance.

  So, he is probably already eyeing the project of the Development and Trade Bureau Convention and Exhibition Center!

  With Zheng Yutong’s current strength, there is no difficulty in developing this project alone;

  Probably, he is unwilling to cooperate with others from the bottom of his heart.

  Wan Chai was originally the commercial center of Hong Kong Island, plus this land is 350,000 square feet, which is still near the sea;

  Such a beautiful place, you can naturally build high-quality projects, so that real estate developers can increase their qualifications.

  Wu Guangyao said with a smile: "I'm not interested, just ask!"

  Zheng Yutong took a sigh of relief in his heart, but also found that he was a bit too ‘stingy’;

  With so many friends here today, I feel a little embarrassed.

"I also recently started sending people to the Development and Trade Bureau to ask questions. Everyone knows that the Development and Trade Bureau used to hold the main site and the conditions for cooperation were quite harsh. Now it is just that the market is cold. I want to try my luck. I haven't discussed the details yet. What's going on. Everyone is interested, you can cooperate!" Zheng Yutong knew that Wu Guangyao had eyeliners everywhere in the Hong Kong government, and he really couldn't hide him, so he pretended to be generous.

  Wu Guangyao waved his hand first and said: “I will not participate anymore. With so many projects, the subordinate companies will have no energy! Yutong, we will get together in the future, but don’t forget to think about our bank loan!”

Zheng Yutong has always been a major customer of Hang Seng Bank. However, Li Guowei rejected Zheng Yutong’s loan request for the second section of the Admiralty Project. Of course, this was reasonable. At that time, let alone the old customer, it was his own Laozi who borrowed such a large amount of money. , And can't agree.

  Zheng Yutong quickly said: "This is natural. I have a very happy cooperation with Hang Seng Bank!"

  No one will offend the bank, otherwise many opportunities will be lost!

  Others have also expressed that they are not interested in the development of the Trade Bureau’s projects. After all, the future of Hong Kong is still unknown. Who would dare to invest a lot of money?

  You can buy the bottom, but you will also prepare for the second-hand!

   Everbright Building

  Feng Jingxi is sitting on the sofa in Wu Guangyao's office.

  Feng Jingxi is the founder of Sun Hung Kai Bank and a giant in the Hong Kong securities industry;

  In 1970, Feng Jingxi founded Sun Hung Kai Finance Company. This financial company obtained a banking license in 1982 and was renamed Sun Hung Kai Bank. It is currently the only local bank in Hong Kong that has been upgraded from a finance company to a bank.

  But the good times did not last long. Not long after the establishment of Sun Hung Kai Bank, it encountered Sino-British negotiations and real estate plummeted;

  In the following year, there was a Hong Kong dollar crisis and a run;

  Suddenly, Sun Hung Kai Bank fell into a financial crisis.

  Throughout Feng Jingxi’s life, luck seems to be bad, among a group of businessmen;

  At the end of the 1940s, Feng Jingxi invested all of his family property to wholesale fish fry in Taiwan. As a result, he encountered a storm at sea and all his assets were burned;

  Some time ago, after Sun Hung Kai Bank fell into a financial crisis, several syndicates including the Hong Kong Government, HSBC, Standard Chartered, and China Everbright Bank supported the troubled Sun Hung Kai Bank;

  However, Sun Hung Kai Bank’s problem is not bad, so it has to find a way out.

  There is only one way out, which is to find a big bank as a backer;

  Otherwise, small family banks will not be able to survive in Hong Kong, where strong hands are like forests.

  I just didn’t expect that Feng Jingxi found herself, and Wu Guangyao immediately began to think about countermeasures;

  To be honest, Wu Guangyao really doesn’t want to invest in these banks, the return is too low;

  Plus I have too many banks in Hong Kong, and I am no longer interested!

  Feng Jingxi is naturally not selling his own industry, but wants to introduce big capital to alleviate the current pressure;

  In his previous life, Feng Jingxi sold 75% of Sun Hung Kai Bank’s shares to Arab Bank for HK$700 million in 1985;

  Of course, in addition to retaining management rights, Feng Jingxi also signed a stock repurchase agreement with Abank. The ultimate goal is that the Feng family’s shareholding reaches 50%;

It is a pity that Feng Jingxi died in Vancouver in August 1985.

   "Old Feng! I am not interested in Sun Hung Kai Bank!" Wu Guangyao said with a smile.

  Feng Jingxi's expression suddenly darkened. It turned out that he knew that Wu Guangyao was good at talking, so he planned to let Wu Guangyao take a stake in Sun Hung Kai Bank first. Feng retained the management right and signed a share repurchase agreement;

  It is equivalent to that Wu Guangyao is just investing in a business, not encroaching on his own company.

  However, Wu Guangyao's words made Feng Jingxi overjoyed;

   Wu Guangyao said: "I know the team of an overseas bank-Chiba Bank in Japan, which is the core of the Chiba Consortium; you may not know the Chiba Consortium, but you should know the Lenovo Group of the Chiba Consortium, right?"

  Feng Jingxi quickly said, “I know, isn’t that your business! Chiba Bank I also know that it is one of the top ten banks in Japan, and it also has an office in Hong Kong!”

  Wu Guangyao nodded and said: "I am willing to connect you with Chiba Bank to buy a stake in Sun Hung Kai Bank. If you have any specific requirements, you can talk to them!"

  Feng Jingxi is very happy. Since Wu Guangyao is the leader, then this transaction may meet his demands-Feng is still the owner of the management right of Sun Hung Kai Bank.

  In fact, Wu Guangyao originally intended to sell Hang Lung Bank to Chiba Bank, but he finally dispelled this idea.

  For later generations, although local banks in Hong Kong have foreign backgrounds, they will not be overwhelmed by foreign banks;

  Locals manage local banks, which is more in line with market needs.

  If you sell Hang Lung Bank to Chiba Bank, you have to find a local management team, which is too much trouble!

  If Chiba Bank and Sun Hung Kai Bank reach a cooperation, at least 70% of the shares can be held. Even if Fung repurchases in the future, it will not exceed Chiba Bank’s shareholding;

  Feng Jingxi’s second son, Feng Yongfa, is a financial talent, but Feng is also suitable as a partner.

  In the previous life, all local banks in Hong Kong were reduced to the hands of foreign banks. The probably reason is that it is difficult for family-owned banks to survive in a strong Hong Kong, and without a strong backing, they cannot gain the trust of the public;

  So, the final result is that the Hang Seng Bank is behind HSBC, the Bank of East Asia is behind Japan's Sumitomo Bank, and the Sun Hung Kai Bank is behind the bank.

  In this life, China Everbright Bank is obviously an exception. Although it is also a family bank, Wu Guangyao’s assets were originally world-class. Now he comes to a small city to mix, there is a reason that there is no way to mix.

  (End of this chapter)