Through the wealth life

Chapter 512 Benefits
Huo Yingdong and the helm of the Rong family hoped that Li Guangyu and the others could underwrite this batch of corporate bonds, but Li Guangyu's response was only an agency sale.

CITIC Group has not been established for a few years, and it is a mainland enterprise. The citizens of Xiangjiang don't know much about them. If Li Guangyu and the others are only consignment sales, it is estimated that this batch of bonds will not sell much. These citizens and stockholders are obviously more willing Invest in bonds of companies they know about themselves.

This time, CITIC Group mainly hoped that the banks and securities companies in Xiangjiang would take over the issuance of these corporate bonds, and they did not place their hopes on ordinary stockholders and citizens.

Huo Yingdong said: "Guangyu, you are also aware of the current situation. If you follow the plan you mentioned, I am afraid that the task of this bond will not be completed. Our CITIC Group has also given an annual interest rate of 8.7%, although it is different from yours. The profits of many groups are far behind, but they are not lower than the annual interest rate on loans given by your bank. It seems that the profits that your securities company gives back to customers are not higher than this."

Of course Li Guangyu is aware of the problems here, but this time CITIC Group issued a 12-year bond, which is too long. Even if the annual interest rate offered reaches 8.7%, I believe many investors and citizens are unwilling to buy it. such corporate bonds.

And if all these funds were taken over by his own company, it would not be cost-effective. In these years, Li Guangyu had countless opportunities to use these funds to obtain profits that exceeded dozens of times.

Li Guangyu said to Feng Jingxi beside him: "Uncle Feng, you are a professional in this field, what do you think about this?"

Feng Jingxi originally waited for Li Guangyu to deal with it, but he didn't expect Li Guangyu to throw this problem to himself.

Feng Jingxi himself is definitely unwilling to eat all of this bond. 20 billion Hong Kong dollars is not a small amount for him, especially at this time, everyone is desperately saving cash to deal with possible crises.

If he invests Sun Hung Kai Securities clients’ funds in CITIC Group’s corporate bonds, if there is any turmoil in Xiangjiang and the clients ask for the funds to be withdrawn, if Sun Hung Kai Securities cannot cash out the money in time, then the problem will be troublesome .

12 years is too long, these customers will not entrust their funds for such a long time, generally one or two years, once the profit does not meet expectations, they will withdraw.And there is also the problem of inflation, a risk that Feng Jingxi is not willing to take.

Feng Jingxi said: "Guangyu, you also know that our Sun Hung Kai Securities Company is mainly engaged in stock market investment and some businesses in the listing of enterprises. We have not engaged in the business of corporate bond sales so far, so I can't give you any valuable information about it." Suggest it."

Huo Yingdong saw these two pushing back and forth. He is also a businessman himself, so of course he knows some of the problems. 20 billion Hong Kong dollars, with their means, it only takes two or three years to earn more than ten years of interest.

They are obviously unwilling to let them invest in corporate bonds like this, especially since these companies are currently discussing the Taipei MRT issue on Taiwan's Taiwan side.

Many right-wing newspapers in Hong Kong have carried out a lot of follow-up reports on this matter. The overall plan there is more than 400 billion Hong Kong dollars. Even if the Baodao government takes half of their shares, they will have to invest 300 billion Hong Kong dollars.

And according to their practices in Xiangjiang, as long as the Taipei MRT has just started construction, their major real estate groups will start to develop real estate in various subway stations, and this also requires a lot of funds.

It’s different from Xiangjiang over there. Xiangjiang can sell uncompleted properties, but it’s not working over there. They need a lot of money to invest in it in the early stage.

Huo Yingdong said: "Jingxi, Guangyu, Youqing, and Guobao, I know that we brought up this matter today rather abruptly, and I hope you can think about it more. The reform and opening up in the mainland has not been long, and whether it is technology or talent, there is no There is still a lack of funds, and I hope that you can provide some help when you can."

Feng Jingxi said: "Yingdong, the 20 billion Hong Kong dollars is not a decimal, please give us a few days, and we will give you an answer after we communicate with each other. What do you think?"

Feng Jingxi plans to discuss with Li Guangyu, Zheng Yutong and others tomorrow. Whether it is worthwhile to invest in CITIC Group's corporate bonds this time is not easy for him to decide.

Huo Yingdong knew that it was impossible to realize his wish all of a sudden, and this matter could only be decided after Li Guangyu and the others discussed it.

……

After the dinner, the helm of the Rong family did not return to Rong Zhixin's mansion, but came to the mansion of the Huo family with Huo Yingdong.

In Huo Yingdong's study room, Huo Yingdong said: "Rongsheng, you don't have to worry too much. Those few are not fuel-efficient lamps. They all know very well how big the mainland market will be in the future. In order for them to gain benefits in the mainland market in the future, I think They will carefully consider the gains and losses in this.”

As a business family, the Rong family naturally knows a lot of things, and he himself understands some of the other party's thoughts very well.

For the huge figure of 20 billion Hong Kong dollars, only these big families in Hong Kong have such a net worth at present. Only Li Guangyu has the ability to easily take out this sum of money.

The leader of the Rong family said: "Yingdong, the situation this time is reasonable, and it's beyond my expectation. The Xiangjiang side is more complicated than I imagined."

Huo Yingdong naturally understood the meaning of the helm of the Rong family. From the perspective of a businessman, such a situation was quite normal.

But CITIC Group can’t just be regarded as a simple enterprise, but when their company sells corporate bonds, there are many situations that can be seen.

Huo Yingdong said: "The main problem now is the profit. You should know that they all have their own real estate companies more or less. If you look at where the housing prices in Xiangjiang have climbed, the profits here are really too big. They can double it in two to three years with 20 billion Hong Kong dollars, and they are obviously more willing to invest their funds in it.”

The leader of the Rong family is very afraid of Xiangjiang's deformed real estate economy. It is hard for him to imagine that such prices will continue to rise. There is no sense of happiness at all.

The head of the Rong family said: "Yingdong, if Xiangjiang's housing prices continue like this, all the major families in Xiangjiang will invest their funds in the real estate industry. There will definitely be problems in the future of Xiangjiang's economy. Don't they know that?"

"Rongsheng, why don't they know that Li Guangyu and his family have long known that there is a crisis in the real estate industry in Xiangjiang. When they got it last year, several real estate companies such as Shauji Group and Cheung Kong Group had stopped operating in Xiangjiang. The land has been developed, and they are now developing the real estate market there in full swing in Japan." Huo Yingdong responded.

The helm of the Rong family is very worried that these big families in Xiangjiang are all getting into the real estate industry. If these people only think about the huge profits of real estate and have their leadership, who else in Xiangjiang will be willing to run a real business. Xiangjiang still has no industry to speak of.

The leader of the Rong family said: "Yingdong, this kind of development may not benefit Xiangjiang at all. Now Baodao, South Korea and Singapore, which are also the four tigers, are increasing their support for the development of the electronics industry, and Xiangjiang But they are all rushing into the real estate industry, and I am afraid that Xiangjiang will be far behind by these countries and regions in terms of high-tech industries."

Huo Yingdong can't say anything about it. Xiangjiang is still controlled by the British government, and they don't think about these issues at all.

The industrial land price in Xiangjiang is many times that of these areas. Even Li Guangyu would rather put his semiconductor company in Baodao than in Xiangjiang where his roots are.

……

(End of this chapter)