Hong Kong's new giants

In August, the Hong Kong government promulgated seven measures to crack down on property speculation, including stipulating that the temporary deposit is 5% of the property price; floor program, etc.

After the promulgation of the measures, although the property sales process has improved, the speculative trend has not been significantly suppressed, and property prices continue to rise sharply.

In Lin Zuhui's view, Hong Kong's government owes [-]% of the soaring property prices in Xiangjiang.Every time, the Hong Kong government puts the government land in the peak period of real estate for auction, which attracts real estate developers to compete for bids, and finally speculates a sky-high price, which drives the rise of the entire market.

Another [-]% of the credit is due to the "prevalence of speculators" in Xiangjiang. Everyone comes to speculate in real estate, which naturally makes the real estate business happy, and it is no wonder that housing prices do not rise.

The remaining three successes are the real estate developers.As a real estate developer, Lin Zuhui is well aware of the "cunning" of real estate developers.There is a shortage of hundreds of thousands of housing units in Xiangjiang, but real estate developers will not increase their supply.

For example, New Times Group, which owns a large amount of land reserves, has a smaller supply of residential space this year than before, only about 260 million square feet (about 4000 residential units).

This is called land that can’t afford a building, and a building that can’t be sold!
After all, the average housing price is above 2500 Hong Kong dollars, so the supply of 260 million square feet is equivalent to sales of more than 65 billion, and the net profit of only developing real estate is more than 35 billion (the profit is high because the land price is cheap).

Therefore, real estate developers will not increase too much supply, not because they do not want to make more money, but because they are planning for the long term!
Friday, April 8.

In Lin Zuhui's office, Chen Bin, Liang Zhenxun, and Chen Xiaofen, three real estate executives, were having a small meeting with their boss on the sofa.

"In what month does the term of the Financial Secretary expire?" Lin Zuhui suddenly asked a 'digression'.

The three looked at each other, as if they hadn't paid attention to this issue, Liang Zhenxun said uncertainly: "It seems to be November!"

Lin Zuhui did not blame the three people, but said: "Remember to inquire, I seem to remember that it is November! As the saying goes, there are three fires for a new official to take office, and the first fire for a new financial secretary may be to crack down on property speculation! No need The property market will fall, just beware."

The three of them nodded. This is very reasonable. It was already attacked in August, but it was obviously not strong enough!As far as the current housing prices are concerned, there have been many criticisms in Xiangjiang.

Of course, most people in Xiangjiang still hope that the price of houses will increase, and Lin Zuhui knows this!
Chen Bin tentatively said, "The boss means that Sceneway Garden sold some units before the new financial secretary?"

Lin Zuhui nodded and said, "Yes, but it's best not to advance too much, about a week in advance! In October, there should be no problem with 3200 yuan per square foot. You should calculate the time carefully, and don't hit the muzzle of the Financial Secretary. Yes, though we are not afraid of him!"

Sceneway Garden intends to release more than 900 residential units this year, which can be regarded as a very ambitious goal, so Lin Zuhui took special care of it.As for the real estate sales of those two or three hundred houses, they won't attract too much attention.

The reason for this is that a large part of real estate sales are purchased by real estate speculators!

"Okay, let's count the time!"

More than 900 residential units, equivalent to more than 2% of this year's supply chain, need to go through careful planning, it is impossible to decide to sell immediately, and the sale can be organized.So it is necessary to plan ahead.

At present, New Times Group also has many large-scale housing estate projects in its hands, such as Sceneway Garden (4100 residential units), Harbor Plaza (4750 residential units, and the Heyuan Power Plant was evacuated in 1992 and completed before 98). , Youyiju (1900 low-rise high-end residences, sold in batches in 92 and completed in 95), and two large housing estates in Tsuen Wan with more than 6000 residential units (completed before 98)
Sceneway Garden is the first to go on sale, and even if it is, it is expected to earn nearly 100 billion, not to mention the subsequent projects!

Damn realtor!

Then, Lin Zuhui began to think about the problem, and the three of them didn't dare to disturb the boss.

They know that the boss is the commander of the New Era Group, and every decision he makes is the fundamental driving force for the growth of the group.The reason why New Era Group develops so fast is because the boss's decision-making is very precise. The annual supply, when to slow down the number of real estate starts, when to increase sales, etc., are all the details of New Era Group's victory.

In fact, Lin Zuhui was thinking: should New Times Group invest in foreign exchange, or let New Times Group invest in Citibank stock (purchase in the secondary market)?
At present, USD/JPY has fallen to 142 points since reaching 136.5 points in mid-June, and it is still too late to sell short!

As for Hengjin Investment’s USD/JPY short-selling, the average short-selling point is already at 139.3 points, with a total investment of 15 billion Hong Kong dollars plus 20 times leverage, which has already generated profits.

And Citibank's stock is currently trading just above $9, and looks like it could fall below $9 per share.If the New Era Group invests US$1 million, the annual return will definitely be high, possibly reaching more than 40%.It seems that before the bubble crisis, Citibank's rate of return reached more than 30 times, exceeding Wells Fargo's rate of return of more than ten times.

If it wasn't for Lin Zuhui's lack of financial arrangements, New Era Group wouldn't be able to do so either.In addition, he already holds a large amount of Citibank stock.

"Director Liang, please make arrangements to take out 1 million US dollars to invest in securities in the United States! When you are ready, let me know!"

"Okay, boss!"

Everyone is already used to the boss's style, investing in financial products, New Era Group has been doing it.As for the mere investment of 8 million Hong Kong dollars, it is not too big of an investment.

Lin Zuhui's idea is very simple. Next year, he plans to spend 10 billion Hong Kong dollars to buy office buildings in the United States. With a down payment of 50%, he will purchase office buildings worth 5 billion yuan, which is roughly equivalent to five buildings of more than 30 square feet in Manhattan, New York.

This price is only half of the price in Central, because the office buildings in the United States have fallen to the bottom in the past two years.

After two months of steady operation, Lin Zuhui was pleasantly surprised to find that China Commercial Bank (Hong Kong) had absorbed deposits of just over 10 billion Hong Kong dollars. Although more than [-] million of them were supported by friends and partners, it was enough to shock the entire industry up.

The reason is simple. The credit of China Commercial Bank (Hong Kong) itself was damaged more than two months ago, and the deposits of nearly 4 million per month are almost the level of the Bank of East Asia.

After careful analysis, there are three reasons why it can achieve such brilliance:
First, Lin Zuhui's own celebrity effect. He is the richest Chinese man in the world. In the eyes of Hong Kong people, he is the mastermind of a large conglomerate with strong financial strength and a very good reputation.

Second, Lin Zuhui's performance in the "National Business Incident" made the public admire him, and made them feel that his reputation was guaranteed.

Thirdly, the storage program of 'save money and get cooking oil' is very successful.With a deposit of [-] Hong Kong dollars, you can get a barrel of cooking oil for just one year, which increases the interest in disguise.In this way, you will not offend your peers, and you can get deposits.

Lin Zuhui did not intend to let the China Commercial Bank (Hong Kong) develop too fast, but asked for a word of "stability". Only when it is stable, he will buy [-]% of the "Overseas Trust Bank" in the hands of the Hong Kong government.

Before selling the overseas trust bank, the Hong Kong government will send commissioners from the Banking Regulatory Office and HSBC (a quasi-central bank) to conduct an audit. Only when the performance is "stable and steady" can the Hong Kong government trust the "overseas trust bank" to Lin Zuhui.

The reason is actually very simple. The Hong Kong government is also worried that the entrustment is not human, and there will be another run.A bank run is not terrible, but it is afraid of a "multi-bone effect" and even threatens the exchange rate of the Hong Kong dollar (although it is fixedly pegged, it may still cause the Hong Kong dollar to be "worthless").

in the conference room.

Lin Zuhui continued to emphasize: "At present, we still have stability over everything else, maintain sufficient cash flow, and deal with possible emergencies! Personally, I can still provide 20 billion Hong Kong dollars in cash as a backing at any time."

All the senior executives were really surprised, how much cash does this boss have!Everyone in Xiangjiang knows that besides holding shares in several listed companies, Mr. Lin Zuhui also owns a private investment company. Some people estimate that the assets of this private investment are tens of billions of Hong Kong dollars.

Of course, this is nothing, after all, Li Chaoren’s private investment has tens of billions; however, Li Chaoren’s private investment has liabilities, while Lin Zuhui’s private investment company has only 16 billion Hong Kong dollars in debt (investment in Citibank).

What really shocked the people of Hong Kong was that Lin Zuhui took out 50 billion Hong Kong dollars in cash, which is quite powerful!After all, the personal investments of Li Chaoren, Lee Shau Kee, and Zheng Yutong are almost all completed by loans.

He Changhong said seriously: "The original more than 5000 depositors have very strong confidence in us. Some people took the initiative to deposit in our bank again after their deposits expired, and we also publicized them through the media."

Lin Zuhui nodded in satisfaction, this move is really good!
"How about the recovery of bad debts?" Lin Zuhui asked.

MD, it makes me angry when I think about it. Some overseas loans have been withdrawn, and I have encountered many old people.This made Lin Zuhui resentful. He reached a friendly agreement with the creditors to pay the creditors' debts in batches, which was quite hearty.

On the contrary, borrowers who owe money to China Commercial Bank always encounter old Lai.

"There are a few bad debts. The borrower saw that we were going to file a lawsuit, and offered to repay them in installments, but asked for interest reduction!" He Changhong said.

"Promise them, but let them sign a formal repayment agreement!"

This is not a big deal. It takes time and effort to go to court with those overseas borrowers. It is better not to do it unless it is a last resort!At that time, Lin Zuhui also asked the four banks in Macau to directly cut off [-]% of the principal, but that was the reason why the company was on the verge of bankruptcy and could not repay.

Through discussions with high-level executives, Lin Zuhui felt that everything in China Commercial Bank (Hong Kong) was on the right track: deposits were stable, continued to increase, original depositors chose to trust, bad debt recovery was optimistic, and bondholders did not make trouble.

In addition, the disbursement of loans has also begun to proceed in an orderly manner.Because of Lin Zuhui's financial guarantee, China Commercial Bank can make "extraordinary loans" according to the guaranteed amount, so as to obtain profits.

In this meeting, Lin Zuhui did not talk about development, but the most talked about was stability.Even if overseas trusts are acquired and integrated in the future, he will not let the bank develop by leaps and bounds.

His fundamental purpose of being a bank is to facilitate his own development of an "investment bank". In the future, international financial products will have more sensitive information and more trading channels.