The Wealth Empire Crossing the Hong Kong

Chapter 571 The Fragrant Club in Trouble
Compared with Donghuahui, at the annual meeting of Xianghuahui, the members looked much sadder.

Since January, many cooperations with Donghua Club, Xianghua Club, and New Asia Club have ended. Although all parties worked hard to find new customers and markets in the fourth quarter of last year, the results were not very satisfactory.

Now they are not only facing the pressure of greatly reduced orders, but also the pressure of many employees in the venue to support them. Some people are even considering layoffs to avoid bankruptcy.

As for some new investment projects, they all pressed the pause button, such as the high-speed construction project from Yangcheng to Pengcheng proposed by Huo and Hu.

Not to mention that the members below are under a lot of pressure, as the chairman of the charter king is also under a lot of pressure. The Wharf Group was robbed by a British consortium, causing it to lose a large part of its main business.

Although the stock market was favorable during this period, he gradually reduced his holdings and cashed out a lot, but he could not make up for the loss of Wharf.

Now his main industries are Global Shipping, Kowloon Film and Television Media Group, and Kangnian Bank.

It can be said that most of the losses have been lost this year. Kowloon Airlines is lost, Kowloon Exchange is lost, Kowloon Cinemas is lost, Wharf Group is also lost, and Kowloon Basketball Club is also gone.

Although these industries have cashed out some funds, Global Shipping, Kowloon Film and Television Media Group, and Kangnian Bank all need funds to fill in, and they also need to assist their allies, so that they do not have much funds to expand into new industries.

The Hong Kong Economic News has released the latest top ten family rankings of Xiangjiang native families, and the Global Bao family has fallen out of the top ten, which is enough to show how serious his loss is.

In the latest list, the Li family of Xinjian still tops the list, the Li family of East Asia ranks second, the Lei family of Kowloon has jumped to the third place, the Li family of Hengji rises to the fourth, the Guanghua Zhang family ranks fifth, and the Kadoorie family ranks Sixth, the He family ranked seventh, the Guo family of Sun Hung Kai ranked eighth, the Zheng family of New World ranked ninth, and the Li family of Changshi ranked tenth.

In the 1982 Top Ten Most Influential People Ranking, he also failed to make the top ten. Instead, Li Jianhui, Li Zhaoji, and Zheng Yutong were selected again.

In addition to these three people, Li Chaoren of Changshi, Chen Huiya, chairman of the board of directors of Huangpu Holding Group, Toru Iwatani, chairman of the board of directors of Huihong Group, Liu Yongbin, chairman of the board of directors of Shixin Building Materials, the new richest man in Xiangjiang, Li Fuzhao, chairman of Far East Exchange, Jiayi The artist Zhong Chuhong of the film and television group, and Keswick, the chairman of the board of directors of Jardine Holdings Group, entered the list of the top ten influential figures.

Looking at the dignified members, Charter King said: "I know that everyone is under a lot of pressure at present, not only facing the isolation of the Donghua Club, the New Asia Club, and the Huihong Club, but also facing the Nanjiang Club and even the British Rose Consortium. targeting and suppression.

But the more it is at this time, the less we can be discouraged. As long as we get through this difficulty, our Xianghuahui's industries will surely usher in a better tomorrow. "

It's a pity that slogans can't cheer up these people's hearts. They care more about the present than the future they can't see clearly. If the present is gone, why talk about the future.

The strong man broke his wrist to end the current cash-out of these enterprises, and gave up the Xiangjiang market to raise funds to develop in other markets. They are not so determined.

In the expected northern market, many industries cannot enter at present, and the most important thing is that the mess formed by the industry in hand does not know how to end it and cannot be properly resolved. They simply do not have extra financial resources to support them to enter the northern market.

Regardless of whether it is Wing Lung Bank or Kang Nian Bank, it is impossible to provide them with much help.

Even the employees of Xianghuahui's companies don't trust these two banks very much. After their salaries are paid, they are transferred to HSBC, East Asia, Xinjian, Daoheng, Standard Chartered and other banks instead of Wing Lung and Hongnian Bank. , let alone other citizens.

As a result, the two major banks do not have much deposits at all, and Wing Lung Bank has even ranked among the top ten Hong Kong local banks.

Not only can it not be compared with the six major banks of HSBC, Xinjian, East Asia, Dao Heng, Sun Hung Kai, and the Far East, but Wing On, Asia Heung Kong Commercial, K. Wah, Youlian, Hang Lung, Hang Seng, and Xingchuang are all ranked in front of Wing Lung.

In particular, Jiahua and Youlian, with the industrial support of Yuntao Holdings and Xingsha Holdings, have expanded very fast. They have now entered the top ten Hong Kong local banks, and Hang Seng, which is supported by the Mitsui Consortium, and the Rose Consortium. Both were trampled underfoot.

The chairman of the board of directors of OOCL, who is currently in the most crisis, said: "Uncle Bao, I also believe that the future of the northern market is bound to be bright, but the distant water cannot save the near fire. We must find a new way out so that our industries can survive. down.

At present, the stock prices of the six major shipping companies in Hong Kong and the four major shipping companies are all rising. Only my OOCL and Uncle Bao’s Global Shipping continue to fall, and they have not enjoyed this round of stock market dividends caused by the appreciation of the Hong Kong dollar.

The reason is that we have been targeted and isolated by various parties, which makes investors distrust our company. To put it seriously, they think that our company will not survive long. "

Everyone present was aware of the situation they were facing, and they all wanted to find a new way out, but it wasn't that easy.

At present, Xianghuahui’s industries, one is real estate, the northern market is temporarily unable to enter, and it is not easy to go out. Real estate is no different than others. It is very difficult to develop in the local area. This is the main reason why most real estate companies in Xiangjiang stick to the Xiangjiang market. one of the reasons.

Tung Wah Club is able to develop real estate on a large scale in Baodao and Southeast Asia because Tung Wah Club has invested a lot in these places.

In the Japanese market, the development of real estate is mainly based on the past relationship between the Donghua Association and the Japanese consortium, and the establishment of a joint venture with Japanese companies for joint development.

Even so, except for the large-scale development of real estate under the Xinjian Department in the Japanese market, other real estate companies mainly focus on Taiwan and ASEAN, and their investment in the Japanese market is not large.

Another major pillar industry of Xianghuahui is textile and clothing, mainly processing raw materials of clothing and OEM of European and American clothing, and has not developed its own clothing brand.

Due to the current situation, orders for well-known clothing OEMs in Europe and the United States are basically taken by Korean companies, Nanyang companies, Xinhonghui, Xinyahui and even close to Donghuahui.

In the apparel raw material business, due to isolation, it also suffered a huge blow.

As for shipping, the third largest industry, affected by the global shipping winter, the two major shipping groups are unable to protect themselves.

As for finance, there are no such stock gods as Li Zhaoji and Feng Jingxi at Xianghuahui, and there is no cheater like Li Jianhui. In addition, it is targeted and suppressed by all parties, and it is obviously unrealistic to rely on financial help to tide over the difficulties.

Now Xianghua will be facing a situation where it can’t get in, can’t get out, and can’t keep it. It can’t get into the northern market, and it can’t get out of the overseas market. If there is no miracle in the Xiangjiang market, most industries will not be able to keep it.

If the annual meeting of the Donghuahui is full of vitality, then the meeting of the Xianghuahui seems to be stagnant.

The Donghua Club meeting discussed where to invest and where to develop, while Xianghua Club was more about how to save, how to find a way out, whether it can end the industry and lay off some employees.

(End of this chapter)