I Want To Be a Rich Man on Hong Kong Island

  Chapter 678【Take another bank】

  The land compensation fee for the Huangpu Dockyard is finally fixed at 350 million Hong Kong dollars, plus 200 million Hong Kong dollars for road fees;

  This price is cheaper than what Lao Li talked about in the previous life;

  In this life, the reason why the Hong Kong government has agreed to such a low price is naturally to repay it with peach, in order to thank Wu Guangyao for his assistance in the ‘Hong Kong dollar crisis’;

  Wu Guangyao loaned 2 billion US dollars to the Hong Kong government, and monthly interest can be more than 100 million Hong Kong dollars, but Wu Guangyao gave the Hong Kong government interest-free for 3 months.

  At the same time, after the Hong Kong government fixed the exchange rate between the Hong Kong dollar and the US dollar, Wu Guangyao also ordered its banks to open a US dollar exchange window;

  The reason for this—to exchange his U.S. dollars for others, Wu Guangyao also has a reason:

First, as long as the exchange rate is fixed, the Hong Kong dollar and the US dollar are the same for themselves, because they are optimistic about the development of Hong Kong. Don’t look at the loss of Hong Kong’s foreign exchange during the recent period, but as long as the Sino-British negotiations are over, the external funds It must flow into Hong Kong frantically. As a free economic zone, Hong Kong is relatively convenient for capital outflow and inflow. As long as the policy is okay, foreign capital will flow in frantically.

Second, in recent years, Wu Guangyao will try not to use Hong Kong funds to invest overseas, so as not to be said to be a capital runaway; of course, overseas investment is still very large, but Wu Guangyao still has five children overseas. Investment can be made in their name; the two lines of Hong Kong will mainly invest in Hong Kong and the Mainland; therefore, it is not necessary to keep too many US dollars, and it is also in line with actual needs to exchange them for Hong Kong dollars.

  The time passed quickly, and another half a month passed.

  Hong Kong was hit by good news one after another during this period, the market finally stabilized the downward trend, and the Hang Seng Index stabilized at around 900 points;

  Of course, the real estate transaction volume is still sluggish, which is similar to the lowest decline period, which is slightly better;

  After all, the reaction speed of the real estate market is much lower than that of the stock market.

  Sino-British negotiations have made some obvious progress, and Britain’s willingness to withdraw from Hong Kong has become superficial;

  The problem of the future is solved. The second most important thing is naturally the economy, and for many people, the economy is even more important than life, that is, ordinary people who are unemployed because of the economic crisis.

  On September 20, Hutchison Whampoa announced in the media the preliminary construction plan for the "Whampoa City" with a total investment of 5 billion Hong Kong dollars (including land prices).

On September 21, the Land Group and Kowloon Real Estate reached a real estate project transaction: The Land Company packaged and sold Chater Building, Alexandra Building, and Land Building in Central to Kowloon Real Estate at a transaction price of HK$4.5 billion; Land Group’s income was 4.5 billion. The Hong Kong dollar will be used for short-term bank debt and the restart of real estate projects.

On September 22, some media reported that the real estate company under the Wu family’s real estate projects currently under construction in Hong Kong had a total investment of more than 40 billion Hong Kong dollars; the total investment in Exchange Square was 10 billion (including the land price of 5.7 billion Hong Kong dollars), Times Square’s total investment of 2.5 billion Hong Kong dollars (excluding land prices), Whampoa Cheng’s total investment of 5 billion Hong Kong dollars (including land prices), Baibi Mountain villas total investment of 4 billion Hong Kong dollars (land price of 1.6 billion Hong Kong dollars), the total investment of Silver Line Bay high-end residential area 5 billion Hong Kong dollars (including the villa area, the land price is 2.3 billion Hong Kong dollars), and the total investment of the Tin Shui Wai Huguang Manor is 2.5 billion Hong Kong dollars (the sixth large-scale housing estate, the investment includes the land price.)

   Faced with the stimulus of these good news, the fastest response is still the stock market. Of course, real estate-related stocks have skyrocketed, generally above 5 points, and most of them have risen by more than 10 points.

At the time when the market reacted enthusiastically, Everbright Bank, Hang Seng Bank, Standard Chartered Bank, and Hang Lung Bank issued a joint announcement: officially launching support plans for companies operating in Hong Kong; all companies have no problems themselves, but are seriously affected by external influences. Enterprises are all within the scope of support; these enterprises can take the initiative to seek help from the four banks, and the four banks will provide the greatest support.

  HSBC saw it, and quickly followed suit, for fear that everyone would steal the limelight of this ‘pseudo central bank’.

  For a time, it caused a violent response on Hong Kong Island. Some companies started to go to the five banks for help;

After the real estate crisis broke out, most of Heung Kong's banks began to shrink their front lines and withdraw funds from the real estate market. Even if some companies were not forced to pay their debts immediately, the loan approval for new projects became extremely difficult, which in fact affected the entire real estate market. It is even worse.

  Without bank support, how many real estate companies can develop projects with their own funds?

  Of course, the issue of confidence is also a key issue. For example, the Admiralty Section 2 real estate project of Hang Lung Real Estate, if they dare to gamble, they will definitely not lose money, or even make a lot of money;

As for how to raise funds, Wu Guangyao had already suggested to them that their respective companies pumped water in the stock market, and combined with the bank’s combined loans (each bank borrows a little bit, the bank will still pass it, after all, the combined companies of the consortium It's a good real estate company.)

  Hang Lung Properties

  Chen Zengxi was in a complicated mood in the office at this time, holding a newspaper in his hand;

   "If someone gave me a loan, I wouldn't necessarily give up the Admiralty 2nd dan project!"

   "Everything is fate, I can't help it at all!"

It turned out that Chen Zengxi saw the five “support plans” published by China Everbright Bank, Hang Seng Bank, Standard Chartered Bank, Hang Lung Bank, and HSBC in the newspapers. He suddenly regretted that he lost the development rights of the second section of Admiralty. These banks only started to support them. plan.

  "This is fate! However, the ability to withdraw the order (HK$150 million for Hang Lung) has saved Hang Lung Bank's vitality; speaking of it, I really have to thank Mr. Wu Guangyao for his'life-saving' grace."

"Nine stations on the second section of Admiralty have the right to develop, and the development properties on the first station have not been sold much. If we really get the loan at any time, we may not be able to make a lot of money. At this time, it looks like real estate. The situation has begun to stop the decline, but there has been no increase. Only a consortium with real financial resources can hold on to the dawn of real estate!"

  Chen Zengxi soon figured it out again, and felt a little better.

"Jingle Bell!"

  The sound of the phone disturbed Chen Zengxi’s thoughts, and Chen Zengxi picked up the phone!

   "Hey, Chen Sheng, I am Wu Guangyao!"

   "Hello Mr. Wu!"

   "Like this, are you still interested in the seven stations behind the second section of Admiralty? If you are interested, just sit down and talk!"

   "Yes! Give me a time and place!"

   Put down the phone, Chen Zengxi is overjoyed!

  There are a total of nine stations on the second section of Admiralty. At present, two station property development rights have been developed, and there are a full seven station development rights behind, with the development rights of 8,000 residential properties and 5 commercial buildings;

  Although the Hong Kong government conducts approvals one station at a time, the property development rights at the nine stations are packaged and tendered;

  Therefore, there are also development properties on the next seven stations, which are in the hands of Wu Guangyao.

"Sure enough, this man has great determination only for commercial buildings in high-quality locations; he does not have much determination for residential properties; otherwise, with his strength, real estate developers on Hong Kong Island will not have much room for development. "Chen Zengxi said to himself.

  This is true. Wu Guangyao is not very demanding in terms of the level of development of residential buildings. It can supply 20% of Hong Kong's market demand, which means it can reach the level of Li Chaoren in his previous life.

  Central, Mandarin Hotel.

  Wu Guangyao sits in a box, standing beside him is Atkinson, general manager of Mandarin Oriental, Central;

  While waiting for others, Wu Guangyao briefly listened to Atkinson’s report on Hong Kong Mandarin Hotel.

  At this time, the Mandarin Hotel is not yet called the Mandarin Oriental Hotel, and there are only two hotels in Hong Kong and Bangkok;

   is far from reaching the scale of later generations-operating 45 hotels in 27 countries around the world, of which 19 hotels are located in Asia, 12 are in the United States, and 14 are located in Europe, the Middle East and North Africa.

  In the previous life, the Mandarin Hotel was spun off in 1985 and developed independently; at the same time, it was renamed the ‘Mandarin Oriental Hotel’ and the Mandarin Oriental Hotel Management Group was formed, starting the process of rapid development.

  In this life, Wu Guangyao will naturally not bury this hotel brand. Recently, it will spin off the Land Group and use the brand ‘Mandarin Oriental’;

  As for future development, it will never be lower than previous achievements;

  Although the Mandarin Oriental Hotel will be spin-off, it will still belong to the Land Group family, but it will be spin-off and listed for independent development.

  In the previous life, the Mandarin Oriental Hotel in Hong Kong ranked among the top three blue-chip hotels (The Peninsula Hotel, Miramar Hotel), and the Peninsula Hotel is as famous as the Peninsula Hotel, which shows that this hotel is powerful and is even more famous in Central than the Hilton Hotel.

  In this life, among the hotels in Hong Kong, the hotels owned by Wu Guangyao naturally occupy an absolute advantage;

  Even in overseas surveys, Burj Al Arab and The Ritz-Carlton Hotel are also the absolute first echelon in Hong Kong, with a very high reputation in the world (top ten in the world);

  The second tier is the Peninsula Hotel, Mandarin Oriental, Shangri-La Hotel, New World Hotel, Regent Hotel, Marco Polo Hotel, Westin Hotel, etc.

"Well, it's a critical moment for the company recently. You should pay attention to it; after the restructuring plan of the Land Group is released, Wenhua Hotel will have a great development opportunity, and you will also have a bright future." After listening to the report, Wu Guangyao encouraged.

"Boss rest assured, the company's employees have been very active recently, and there is no abnormal performance, but you are full of admiration for the boss!" Atkinson respectfully slapped a flattery, and the person who can defeat the Keswick family is naturally not like this. British executives can resist.

  Furthermore, when Wu Guangyao settled the Hutchison Whampoa Big Three, he immediately let the British executives of his company understand that the strength of the Chinese is far beyond the British, so it is true to put away the arrogance of the past and take good care of it.

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 was very happy. Since it was Wu Guangyao who led the line, then this transaction may meet his own 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 in the end he 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, they can hold at least 70% of the shares. 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 probable reason is that it is difficult for family-owned banks to survive in the powerful 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 Sumitomo Bank of Japan, 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)