Hong Kong's new giants

Time flies, and it is 2014 in a blink of an eye.

Early December.

New Era Group held its annual financial report conference, which attracted a large number of media.

Lin Zuhui, Lin Wenjie and his son sat in the middle for the first time, making the media speculate whether the succession of New Era Group will go further.

On the rostrum, with a slight smile, Lin Zuhui made a report on the '2013 Financial Report' in person.

“截止2013年12月31日，新时代集团全年营收为1.25万亿港币，较上年增长25.5%录得净利润1378.6亿港币，较上年增长13%”

"The economic situation in 2013 is still uncertain, which continues to affect certain markets and regions where the company operates. However, except for some emerging markets, the trend in the second half of 2013 has generally improved, bringing a positive outlook for the overall business in 2014."

"We will take the long-term interests of our shareholders into consideration, and take into account relevant economic and political factors. We will continue to uphold the "steady growth" strategy and continue to invest in the development of our core business; we will still focus on achieving long-term recurring profit growth and maintaining a strong financial position We are cautiously optimistic about the company's prospects."

With thunderous applause, New Times Group made another brilliant achievement, once again overtaking HSBC and becoming the most profitable local company in Hong Kong.

In the Cheung Kong Group’s annual financial report at the end of February, Cheung Kong recorded a profit of 2 billion, and Hutchison Whampoa recorded a profit of 252 billion, adding up to an annual profit of 220 billion.Calculated in this way, Changshi is only a little over 472% of the profit of New Times Group.

In 2013, HSBC's annual profit was HK$1280 billion, which was HK$200 billion worse than that of New Era Group.

There is no reason not to be proud of such an achievement.

After the annual financial report was finished, Lin Zuhui added: "Finally, here is a personal matter. I have included my 51.6% stake in New Times Group into the 'Lin Zuhui Lin Wenjie Family Trust Fund', and this trust fund, Mr. Lin Wenjie holds 70% of the shares."

Boom, like a depth charge detonated, all the reporters were restless!
A Big Mac with a market value of 1.35 trillion yuan is related to the equity of 7000 billion Hong Kong dollars, and the handover has been completed.

According to Lin Wenjie's shareholding, the 26-year-old young rich second generation has a net worth of 4900 billion Hong Kong dollars, or 630 billion U.S. dollars.

In the 2013 Forbes rankings, this net worth can be the fourth richest in the world, second only to Lin Zuhui (US$1260 billion, Jingwei Capital's equity is ), Carlos (Mexican telecom tycoon, US$730 billion), Bill Gates (710 million) billion dollars).

All of a sudden, reporters at home and abroad rushed to raise their hands when it came time to ask questions.

Reporter: "Mr. Lin, you put the equity into the trust, and let your son, Mr. Lin Wenjie, hold 70% of the shares. Does that mean that you have decided to take over? But you are only 49 years old, and you look so young."

Lin Zuhui: "This arrangement is mainly because I want to devote more energy to charity. The 'Lin Zuhui Family Foundation' should learn from the 'Bill and Melinda Foundation' in the United States, and invest more and more extensively in charity Career. Of course, I will still supervise companies like New Era Group. In fact, many people know that I have always been in charge of the business. Thanks to the help of the management and employees who have followed me for decades .In any case, running a business is also a kind of responsibility. It is responsible for hundreds of thousands of shareholders and hundreds of thousands of employees. Please rest assured that I am not completely retired.”

Reporter: "Just now you said that you want to learn from the 'Bill and Melinda Foundation' in the United States, which means donating more; but, you separated your wealth again?"

Lin Zuhui: "It's a very normal shareholding transfer. We Chinese have a 'son inherits the father's business', and my business will be inherited by my son. As for the funds for charity, I will use the company's equity and cash in my hands from private investment. , everyone will wait and see."

Next, the reporters asked Lin Wenjie questions one after another. Lin Wenjie handled various problems very steadily.

In terms of stability, he is much better than Lin Zuhui.

After the annual financial report meeting, Lin Zuhui returned to the office.

Recalling the scene last year, Li Chaoren really sold off a lot of assets in the mainland and Xiangjiang, and was questioned by the media for "running away".

The New Times Group, on the other hand, did not move, but greatly reduced the intensity of land acquisition in the Mainland and Xiangjiang, and even if it acquired land, it was high-end residential land, which could be sold within five or six years.

As for the commercial projects in Hong Kong and the mainland, before 2018, some small and medium-sized projects will be sold to some extent; Lin Zuhui believes that at that time, Hong Kong capital will be sold, and New Times Group will be mixed in, so it will be harmless.

The reason why he cares so much about his reputation is because he has huge other businesses in the mainland, such as clothing, beverages, food, beer, etc., and it affects the whole body.

United States, Forbes & Co.

"Editor-in-Chief, quickly, we need to change the ranking of the world's wealth list!"

A reporter rushed into the editor's office and said urgently and excitedly.

The editor-in-chief frowned, and said unhappily: "What's the matter with you, the reason why our list is authoritative is because it has been strictly audited, how can it be easily changed?"

The reporter didn't care about the editor-in-chief's impoliteness, but said excitedly: "The world's richest man has split up. Although he is still the world's richest man, he announced in Xiangjiang that he will hand over most of the shares of his most important company to his family. The eldest son, Mr. Lin Wenjie."

The editor-in-chief stood up abruptly, and said excitedly: "Really? What's going on, let's explain it clearly. Damn it, we're only three days away from releasing it. Fortunately, we're in time!"

The reporter narrated what happened, and the editor-in-chief listened with gusto.

The richest man in the world is a legend. Even the wealth on the surface is more than the sum of the second and third, and the title of the world's richest man has been occupied by others for 18 years.

It's crazy!

Finally, after some calculations, Lin Zuhui is still the richest man in the world, but he is no longer far behind No.2; at the same time, Lin Wenjie was promoted to the fourth place in the world, the second is Bill Gates, and the third is Mexican telecom tycoon Carlos.

Only two days later, at the Octopus Bank's annual financial report meeting, Lin Zuhui's second son, Lin Wentao, attended the meeting as an executive director, which once again caused a lot of media coverage in Xiangjiang.

"Mr. Lin Zuhui wants to retire at the age of 50, is he too eager to push his son to the top?"

"It's indeed a little early, but Mr. Lin Zuhui has not stepped down as the chairman of the board. He will always participate in large-scale affairs of the company. Moreover, Lin Wenjie and Lin Wentao are both graduates of high-achieving students. The tiger father has no dogs. I believe they can keep the family business."

"Tsk tsk, no matter what, people like Li Chaoren don't hand over power until they are 80 or 40 years old, but Mr. Lin is lucky. He thinks about handing over power when he is in his [-]s. It is really tormenting."

"Forbes" released the 'Global Rich List' in early March.

No.1: Lin Zuhui, with a net worth of 820 billion US dollars;
No.2: Bill Gates, worth 800 billion US dollars;
No.3: Carlos, worth 720 billion US dollars;
No.4: Lin Wenjie, with a net worth of 645 billion US dollars;
No.5: Amancio (zara), with a net worth of 640 billion US dollars.

For a while, the global public opinion was in an uproar, and the citizens of Xiangjiang even talked a lot.

"Isn't Lin Zuhui separated? Where is the 820 billion US dollars?"

"The market capitalization of its subsidiaries is high. In fact, this list has already underestimated a lot of wealth."

"It makes sense! But the Lin Zuhui family is too fierce. The top 20 richest people in Xiangjiang don't have as much wealth as them. Can a small Xiangjiang support such a large wealth?"

"Looking at the financial report of New Times Group, you can see that other people's global business accounts for a very large proportion, so the market value is naturally high. In addition, Mr. Lin Zuhui's shareholding in his company has always been around 50%."

"These rich people are really rich and ruthless. They don't know how to donate more money to us poor people."

"Hey, there is no way around it. The rich are getting richer and the poor are getting poorer. The housing prices are getting higher and higher."

In mid-March, Lin Zuhui and Wang Lingyin held a donation ceremony in the name of the 'Lin Zuhui Foundation' and invited many journalists from home and abroad to witness.

On the rostrum, Lin Zuhui and Wang Lingyin sat in the middle, and on both sides were some management of the 'Lin Zuhui Foundation', including Chen Xiaofen, the former director of the New Times Group.

"Thank you for coming here! I have been doing charity all this time because I didn't want to bother my friends in the news media, but this time it's a little different. It's a testimonial for me to concentrate on entering the charity field."

"The Lin Zuhui Foundation, after strengthening its team in the past two years, has become more standardized and comprehensive, which also makes me more assured that this team can help more and more people."

"So, today our couple decided to donate 100 billion Hong Kong dollars in cash and 1000% of Penguin's stock worth 9.1 billion Hong Kong dollars to the Lin Zuhui Foundation. In the future, I hope I can donate more."

"In order to ensure that these funds can help more people, the budget of the 'Lin Zuhui Foundation' this year is 220 billion Hong Kong dollars for charity, and the funds are mainly used for global poverty alleviation, health improvement, drug research and development, agricultural innovation, education funding, etc. .”

For a moment, the whole scene exploded.

The donation of up to 1100 billion Hong Kong dollars can only be compared with Bill Gates and his wife, Buffett.

In fact, Lin Zuhui has donated about 500 billion Hong Kong dollars to charity in recent years.

Compared with Buffett and Bill Gates, it is indeed a lot worse, but Lin Zuhui has always explained his budget for charity as the world's richest man by saying that he is still young and will spare time to devote himself to charity.

Now, Lin Zuhui obviously wants to fulfill this promise.

The important thing is that with the globalization of the Internet age and the widening social gap, as the richest man in the world for 19 years, he must increase his efforts in charity, which is also a measure to protect the family.

The charitable funds of the 'Lin Zuhui Foundation' will no longer be limited to the mainland, but will be contributed to the entire human race; of course, if the funds from the mainland are sure that they can be put into practice, he will not be stingy.

The next day, all Hong Kong media reported on the 'Lin Zuhui Foundation'.

A: "Wow, the donation of 1100 billion Hong Kong dollars is much more than the eighth richest man in Hong Kong, the 'Kadoorie Family', and about the same wealth as the seventh richest man, the 'Cheng Yutong Family'."

B: "Sprinkle some water, this little money is just some money to the world's richest man! Besides, it's not for you and me, and I won't even donate much to Xiangjiang, don't wishful thinking!"

C: "It makes sense, these rich people in Xiangjiang are all blood-sucking worms in Xiangjiang, and it's all thanks to them that the housing prices are so high!"

A: "You talk about other rich people, I don't refute. But when it comes to Mr. Lin Zuhui, I have to refute a few words. Who created Xiangjiang's cultural industry? Who created Xiangjiang's technology industry? Do you know how much these industries have affected Xiangjiang? Well, the GDP is 30%, and it feeds tens of thousands of people. Have you ever seen Americans crowd out Bill Gates?"

B: "Mr. Lin Zuhui can't be said to have created the cultural industry and technology industry, can he? How could he create it alone?"

A: "Who proposed Hong Kong Stream, who developed comics, who started the online game industry, and who developed the software industry. They are all other companies. Do you dare to say that it has nothing to do with Lin Zuhui?"

For a time, such debates can be seen everywhere in Xiangjiang.

In the past, Lin Zuhui's status and reputation in Xiangjiang had almost no negative reviews.

As time went by, the housing prices in Xiangjiang became higher and higher, and Lin Zuhui also began to be affected.

Of course, on the whole, it has a much better reputation than other wealthy people in Xiangjiang.

But in any case, Lin Zuhui started to be charitable, just to improve the external environment as much as possible.

Villa 75, Deepwater Bay.

Lin Zuhui's family is eating, including the eldest daughter-in-law Chen Xiujun. Last year, Lin Zuhui was promoted to be a grandfather, and Chen Xiujun gave birth to a boy for the Lin family.

Considering this reason, Lin Zuhui transferred the main shares of New Times Group to Lin Wenjie in trust at the beginning of this year.

"Wen Jie, if you two want to use a lot of money, invest, and enjoy life, you can spend it from the trust fund, and you don't have to be careful."

Lin Wenjie, Chen Xiujun and his wife did not fall into that kind of ecstasy in their eyes, they were relatively stable.

"The family office distributes a lot of money every year, and Baba's mother gave a large amount of money when we got married, and I didn't realize that I was short of money." Lin Wenjie said calmly.

When he was in college, the living expenses provided by his family were not high or low, which was considered to be the level of a wealthy family. It was not a problem to buy a luxury car, but it was not a problem to buy a second-hand car. Then he worked in the United States for two years, and he took the initiative not to take money from his family.

After returning to work in Hong Kong (in 2010), Wang Lingyin gave him 6.6 million in cash at one time, which was the money given to him by the family office for 22 years, which is equivalent to saving for him as a mother.

When they got married (2012), Lin Zuhui and Wang Lingyin gave the couple another 10 billion Hong Kong dollars in red envelopes.

Lin Zuhui said with a smile: "At this time and at that time, you have already married and established a business, and you have been upgraded to Baba. Whether you are enjoying life or investing, I will not interfere with your use of your own money."

Lin Wenjie and his wife nodded and thanked Lin Zuhui and his wife.

In fact, Lin Wenjie had already obtained Lin Zuhui's intention in advance, and what he said today was only for his daughter-in-law Chen Xiujun.

But in fact, if it is an investment, Lin Wenjie will still invest in the form of a trust fund, which means that he has nothing to do with Chen Xiujun.

This is a wealthy family, and the property is very well protected!
Assuming there were any problems with the couple, Chen Xiujun would not be able to share much money, except for what Lin Wenjie gave her.

Of course, when the couple got married, Lin Zuhui and his wife gave their in-laws eight mid-level mansions, worth hundreds of millions of Hong Kong dollars, showing their true qualities as the world's richest man.

On the other side, Lin Wentao ate with a dull head, for fear that Lin Zuhui and his wife would ask him about personal matters.

Lin Wentao is only 23 years old this year. He has been working for two years and usually lives alone in a mansion in the middle of the mountain. There are already rumors.

"Ling Yin, give Wen Tao all the money he received from the family office since he was a child. There is no way to have a girlfriend without spending money!"

Lin Wentao was pleasantly surprised at first, and then blushed slightly, after all, he was under the eyes of his parents.

Wang Lingyin nodded and said with a smile: "It's good to spend money on a girlfriend, but don't overdo it!" The warning was full of meaning.

It's very simple, you can date one, but it's not suitable to change another, but you should not date at the same time, this is Wang Lingyin's attitude.

"I promise!" For the sake of money, Lin Wentao said quickly.

Wang Lingyin said again: "Your brother also worked outside for two years before he got the money."

Lin Wentao immediately flattered him and said, "Mom and Dad, I didn't dare to think too much about this. I have been working for almost two years and I haven't asked you for a penny. The most I can do is just live in the house at home."

Lin Zuhui said casually: "You are quite capable, if you didn't ask your brother for money!"

Lin Wentao opened his eyes wide, looking at Lin Wenjie in disbelief!
Lin Wenjie quickly said: "It's none of my business, I can keep a secret!"

Lin Zuhui shook his head and said, "Soldiers never tire of cheating!"

In fact, he will not urge Lin Wentao to get married or anything, at least he can relax the age of 30 before urging him to get married and have children.

As for when he can get the shares of Octopus Financial Group, at least he has to have descendants.For Octopus Financial Group, Lin Zuhui is not in a hurry to hand over the equity, anyway, half of the assets are not listed - Barings Bank.

At present, the total assets of Octopus Financial Group are in the trillion-level scale, the net assets of Octopus Bank have exceeded 5000 billion, and the figure of Barings Bank is almost the same.

Last year, Barings made $60 billion in USD/JPY, Japanese stocks, and Nikkei.