Reborn in Hong Kong as a Tycoon

Chapter 592 Meeting for the first time, reciprocating (two in one)

Saturday night.

Xinhua News Agency and China Merchants Group held an exchange party, inviting business people close to the mainland to participate.

Lin Baicheng was also one of the invited guests. Because of his relationship with Xiangjiang, Lin Baicheng went there to save face.

At the party, Lin Baicheng met many acquaintances, such as Huo Yingdong, Bao Yugang, Guo Henian, and Hu Yinxiang.In addition to these few people who have a good relationship with him, there is also Lao Li, who has a bad relationship with him.

It was true that Li Jiacheng had a secret agreement with Shen Porridge, but this did not prevent him from being close to the mainland on the surface, because he knew that the potential market in the mainland was huge, and as a businessman, he could not give up this great opportunity to make money.

However, Li Jiacheng is a rogue. He did not agree to invest in the mainland, but his attitude was very friendly, and he did not actually pay at all.If Xinhua News Agency or China Merchants held a similar gala, he would attend it to express his position.

In this way, Li Jiacheng can gain the favor of the mainland officials without paying anything for the time being, and it can be said that he has made a lot of money.

"You are Mr. Lin Baicheng, right? You are really young and promising, we can be regarded as meeting."

When Lin Baicheng walked towards Wang Yiping and the others, a person Lin Baicheng had never met greeted him warmly.

"Hello, I'm Lin Baicheng!"

Lin Baicheng nodded with a smile, and shook hands with the other party, although he still doesn't know who this person is.

Wang Yiping introduced from the side: "Mr. Lin, let me introduce you. This is Comrade Rong Yi, the chairman of CITIC Corporation."

"It turned out to be Chairman Rong, hello, hello, I have always wanted to meet Chairman Rong, but unfortunately I have been running around all the time, today I can be regarded as fulfilling my wish."

Lin Baicheng did not forget that he also has the title of director of CITIC Corporation. He later inquired about the basic situation of the chairman, Rongyi, and knew that the other party was a red capitalist, a very powerful person.

The duty of CITIC Corporation is to serve domestic economic construction by absorbing and utilizing foreign capital. It can be said to be a window of Huaguo to the outside world.

Therefore, CITIC spends a lot of time working in Xiangjiang, and Rong Yi, the chairman and general manager, often comes to Xiangjiang to work.It's just that CITIC has an official nature in the Mainland, so Rongyi has to return to the Mainland to report on work frequently.

And Lin Baicheng also goes to Japan and the United States from time to time, and even if both parties are in Xiangjiang, they can't meet when they are very busy, so this is the first meeting between the two.

As for when CITIC Corporation held the board meeting, CITIC Corporation had a total of 44 members of the board of directors, and Lin Baicheng was only one of them. If he really didn’t have time, he didn’t have to attend the board of directors.

Rong Yi smiled and said, "Mr. Lin is too polite, just call me Rong Yi."

"Mr. Rong!"

Of course, Lin Baicheng would not trust his real name Rong Yi, the two words Mr. Jia is just right for him.

Wang Yiping joked with Rong Yi: "Comrade Rong, you have to thank Mr. Lin. Without his insight, your company wouldn't be able to make so much money this time."

"What Comrade Wang said is that I really want to express my gratitude to Mr. Lin. Thanks to your advice, our company can make a lot of money from investing in gold prices."

After Lin Baicheng became a director of CITIC Corporation, he proposed to CITIC Corporation through Wang Yiping and Li Fuquan to buy Hutchison Whampoa stocks and go long on gold futures. At that time, the price of gold was still fluctuating at $300 per ounce.

It's just that, whether it's the rise of gold prices to more than 400 US dollars per ounce or the sharp rise of Hutchison Whampoa, CITIC has not made a profit, and has been a spectator for a while.

This is not because there is a problem with Rongyi's ability, but because of the nature of CITIC Corporation itself. Every penny of the company should serve the domestic economic construction. Money should not be spent indiscriminately, and uncertain investments cannot be made.

Although Lin Baicheng was already the richest man in Xiangjiang at that time, he was still young after all. It was normal for CITIC executives, including Rong Yi, to have doubts about him, so Lin Baicheng's investment proposal was not implemented by CITIC.

Although CITIC did not make any investment, it is impossible for CITIC to be unaware of the two incidents of Hutchison Whampoa’s stock price surge and the gold price’s surge, and because these two incidents happened, it no longer doubts Lin Baicheng’s ability .

If you missed two profitable investments, it can be said that you did not invest because of caution, but if you miss another profitable investment later, it is no longer cautious, but not flexible.

When the price of gold fell below $400 an ounce, CITIC invested $1000 million without using leverage.One is that the company does not have much money now, and the other is that the nature of the company does not allow the company to use high leverage.

As of yesterday, the price of gold has risen to 465 US dollars per ounce, and CITIC has made a profit of about 20%, which is not low.

"The main reason is that you, Mr. Rong, are right in your judgment. I just provided a reference."

Lin Baicheng praised Rongyi modestly, and everyone carried the bridal sedan chair.

"No matter what, I still want to thank Mr. Lin."

Rong Yi expressed his gratitude again, and then said: "In the future, I hope that Mr. Lin can give you more advice on investment. Both CITIC and I will be grateful."

"I can't talk about advice, I can only say some suggestions, and what to do, Mr. Rong, you have to judge for yourself."

Lin Baicheng waved his hand when he heard the words, and only made suggestions without making decisions. In this way, even if any suggestion made a mistake due to the butterfly effect or was blocked, resulting in a loss in CITIC's investment, Lin Baicheng would not be affected even if it would be affected. big.

"Whether to invest or not is naturally our idea, and the loss of investment is also our own problem."

Rong Yi understands Lin Baicheng's concerns, so he speaks out to reassure Lin Baicheng.

Lin Baicheng was very satisfied with what Rongyi said, so he said: "As for investment, I think Hutchison Whampoa under my name still has a chance. The current stock price is not too high. Of course, I am referring to short-term investment. It’s fine in the long run, but it may take more than four or five years.”

"Thank you, Mr. Lin, for your suggestion."

Rong Yi couldn't help but nodded slightly when he heard the words. He could hear the meaning of Lin Baicheng's words. It should be that Hutchison Whampoa has benefits unknown to the outside world, which can cause a short-term rise in the company's stock price, and then the stock price of Hutchison Whampoa may fall. There was a big drop.

If we really want to talk about it, there are signs of insider trading, but Lin Baicheng did not gain any benefits from this careful insider disclosure, and the two parties have no transfer of interests, which is not enough for insider trading.

The most important thing is that there is no such illegal operation as insider trading in Hong Kong's securities laws nowadays. As long as it is not blatantly and recklessly, secretly messing around is nothing at all.

Today's Hong Kong Securities Law is very imperfect. Take the case of Lin Baicheng who wanted to secretly reduce the shares of Hutchison Whampoa as an example.It stands to reason that the major shareholder's reduction of shares should be announced in advance, but Lin Baicheng does not need to announce it to the public at that time, he can completely sell the shares in his hand, and just mention his shareholding ratio in the quarterly report.

After chatting for a few more words, Lin Baicheng went to Bao Yugang and Huo Yingdong.

Bao Yugang and Huo Yingdong were also surrounded by many people. They talked about Xiangjiang's economic development, the impact of Hongsu and the war in Afghanistan on the world structure, and the impact of rising oil prices on the Western economy. They talked a lot.

After chatting for a while, Bao Yugang called Lin Baicheng aside to talk.

"Lin Sheng, what price do you think the international gold price can rise to this time?"

After all, with an investment of 1000 million US dollars and the use of five times leverage, it is impossible for Bao Yugang to not care at all.

"I don't know exactly how much it can rise to, but I think it is no problem for the price of gold to rise to 600 US dollars per ounce due to the impact of the red Soviet Union and the war in Afghanistan. Regardless of whether the price of gold will rise in the future, once the price of gold rises to $600 an ounce, and I'll have someone out of our list."

Of course, Lin Baicheng would not say that the price of gold would rise to as high as more than 800 US dollars per ounce without accident, but he would say his plan.He brought Bao Yugang and others to make money, but there was no need to take them to the last penny, just take them to make some.

"There is still an increase of almost 30%, which is not low."

Bao Yugang couldn't help but nodded slightly after hearing this. Their buying cost price is 441 US dollars per ounce. If they can sell above 600 US dollars per ounce, it will be an increase of nearly 40%. Five times leverage is nearly double the profit. There is still a profit of 1500 million U.S. dollars after seven deductions and eight deductions.

If Lin Baicheng's judgment is not wrong, then the profit is not less than 6000 million Hong Kong dollars, which is not too small.

Bao Yugang said: "Lin Sheng, I am quite confident in the development of Wharf. I wonder if you are optimistic about the development of Wharf? Do you want to become a shareholder of Wharf?"

"Looking at what Bao Sheng said, the first thing I wanted to acquire was Wharf. How could there be any reason not to be optimistic about the development prospects of Wharf, don't you think?"

After hearing this, Lin Baicheng couldn't help saying that if Li Jiacheng hadn't joined forces, he would not have acquired Hutchison Whampoa, but Wharf.Lin Baicheng is going to buy Wharf, how could he not be optimistic about the development of Wharf.

"What Lin Sheng said is that if you are interested, Lin Sheng, I can ask Wharf to issue additional shares to you, Lin Sheng, so that you can become a shareholder and director of the company."

Bao Yugang did this in reciprocation. Lin Baicheng has brought him money many times, so of course he has to pay back, and in his career, Wharf is more likely to bring Lin Baicheng a return.

As for the Global Shipping Group, Bao Yugang never thought of listing this company, and now that the shipping industry is in a slump, it is not easy for Bao Yugang to let Lin Baicheng become a shareholder of the Global Shipping Group.

"Then I would like to thank Bao Sheng."

Lin Baicheng did not refuse. The development prospects of Wharf lie there. Needless to say, this investment will not lose money in the long run.

Bao Yugang said with a smile: "I really want to thank you, Lin Sheng. You always think of me when you have good things. Of course, I can't be indifferent."

"Let's help each other, so we don't have to be too polite."

Lin Baicheng smiled, the relationship is like this, you help me today, and I will help you tomorrow.

Bao Yugang nodded in agreement, and stopped saying thank you, and said instead: "Lin Sheng, regarding the establishment of Xiangjiang Airlines, it seems that there are many difficulties, and we must be prepared for a protracted war. "

"That's right, Swire Group's reaction was too strong, and it also recruited other British capital. If the Hong Kong government didn't favor them, it's already considered our good public relations."

Lin Baicheng also felt a little bit emotional. If he wanted the Swire Group to make concessions, unless he got the weakness of the Swire Group, or made other British capital no longer support the Swire Group, otherwise the Hong Kong government would not allow Lin Baicheng and his Xiangjiang Airlines to be established with the joint efforts of many British capitals. .

Bao Yugang said: "We can only take this matter slowly, and we must be mentally prepared to fail."

"Although it's a pity that we can't enter the aviation industry, even if we really fail in the end, we just put in some effort. If we succeed, then we can bite off a piece of meat from Cathay Pacific."

Lin Baicheng and the others still took the initiative in this matter. If they succeed, they will gain a lot of benefits, but if they fail, they will lose little.

"So we still have to do our best."

Bao Yugang couldn't help showing a smile on his face. As Lin Baicheng said, there are many benefits to success, but nothing to lose from failure, so the four of them have to do their best to get things done.

Nodding his head, Lin Baicheng said: "Actually, it would be great if we could find some trouble for Swire Group, so that Swire Group can't put all its energy on Cathay Pacific, so that we can take advantage of it."

"That's the truth, but it may not be easy to stop Swire Group's business in Xiangjiang."

Bao Yugang thought about Swire Group's current business in Xiangjiang, not to mention Cathay Pacific Air Cargo Station, and the four of them would not be affected by Xiangjiang Air Cargo Terminal, which is an enterprise related to Cathay Pacific.The sugar industry can have some influence, after all, Guo Henian is the king of sugar in Asia; in the beverage business, he cooperates with Coca-Cola, and the four of them cannot affect it.

The largest part of Swire Group's assets in Xiangjiang is Swire Properties. The problem is that in today's Xiangjiang, the real estate industry is on the rise, and their real estate is not worried about selling.

"It's not easy to come back, it's not easy to return, how can we do it if we don't try, everyone should contribute their own efforts."

Lin Baicheng said: "The most important thing is Swire Properties. It is difficult for us to influence sales, but in the construction stage, whether it is the supply of raw materials such as cement or sand, we can ask people to help, so that the projects of Swire Properties cannot be as good as before. That went well."

Lin Baicheng can contribute to the cement, and Huo Yingdong needs to help sand. Other raw materials such as stone, bricks, steel bars, and glass need help from other people, and at this time we have to rely on contacts.

"Let's talk to Guo Sheng and Hu Sheng later, and we will cause some trouble for Swire Properties."

Bao Yu just thought about it for a while, and agreed.Although it takes some favors to do so, it is the four of them who contributed, and the profits after success are not small, so the favors paid are worth it.

Lin Baicheng and Bao Yugang then simply talked to Guo Henian and Hu Yinxiang about this matter. They are also close to the mainland, so they also came to tonight's exchange meeting.

(End of this chapter)