The Birth of the Hong Kong Island Family.

Chapter 280 [Staring at him]

Another spring of the year (1961).

As soon as Lin Zhichao came back from overseas, he found that Hong Kong has entered spring, and his mood was even better.

In Cheung Kong's office, Lin Zhichao looked at the news in the newspaper and suddenly felt a little funny.It turned out that it was Liao Baoshan who proudly announced in front of the media not long ago: his family wealth has exceeded 1 million Hong Kong dollars!
This is too arrogant!
I am not so arrogant. Could it be that my assets of about 30 billion Hong Kong dollars were raised vegetarian!
Most of Lin Zhichao's assets are Global Shipping and Cheung Kong Industrial Group, and the foreign exchange earned is something that he is proud of. Otherwise, Hong Kong would not have so much money for him to earn.

Of course, Lin Zhichao has always kept his wealth secret, and no one knows how much assets he has.

Just like Lin Zhichao in his previous life, he believed that Li Jiacheng's assets were already more than 1500 billion US dollars, but the media only counted more than 300 billion US dollars.

This is because the media only counts the market value of the stock market, but in fact, Li Jiacheng's private wealth has been saved, and the company's net assets are much higher than the market value.

Liao Baoshan’s high-profile announcement of a wealth of more than [-] million is actually easy to understand. He is a bank, and what he needs is popularity and influence, so that depositors can rest assured to deposit their money in his bank; at the same time, these Chinese banks are seeking to build As the headquarters building of the bank, Liangsha is also beneficial to the reputation of the bank.

It's just that Liao Baoshan didn't expect that a crisis was already brewing.

I don't know how many people are jealous of him. He is so high-profile, but they don't know that he has no defense ability at all. His business empire will collapse with a slight poke from others.

Because of Liao Chong Hing Bank's 1 million deposits, Liao Baoshan may have used 8000 million to invest in the property market and lend money.Only the two commercial buildings on Des Voeux Road in Central and Kowloon cost a lot of money.

"Boss, the sales of Jinxing Real Estate have improved somewhat. Shall we sell the two buildings on the Xiyun Street land? Although they are not in the same area, they are both in Causeway Bay." Hu Zhaoxu suggested.

There are a total of seven commercial and residential buildings on Xiwan Street in Causeway Bay. They were originally church sites, with a total area of ​​15 square feet.It has been in my hands for almost ten years, and construction only started in October last year.

Lin Zhichao said: "The sale of each building has delayed Jinxing Real Estate for a year. Now we only need to compete normally. The sale of the seven buildings on Xiyun Street is expected to end in the first half of next year."

In one year, Jinxing Real Estate has frozen 4000 million Hong Kong dollars in funds, which is already a great loss; now, if you boil a frog in warm water, it will be like cutting the flesh with a blunt knife.

However, Cheung Kong Properties sold more than 1600 residential units last year, more than 300 more than Lin Zhichao expected.

Therefore, there are less than 1500 residential units on Xiyun Street, and Lin Zhichao hopes to sell them in one and a half years.After all, during the Liao Chong Hing Bank run, I don't know if it will have any impact.If there is an impact, then suspend sales for those months.

As for the site on Ferry Street, the plot ratio is very high, 20 residential units can be built in 3000 square feet, and based on 5 Hong Kong dollars per unit, the sales volume is a full 1.6 million. (PS: real data, the earliest private housing estate in Hong Kong - Wenhua New Village)
Lin Zhichao remembers that in 1962, a 20% reduction in the plot ratio was promulgated and officially implemented in 1965; because of this, Hong Kong real estate developers desperately built high-rise residential buildings in the past three years. After all, the floor area will be reduced by 20% in the future. In the case of the same land.

During those three years, a large amount of bank funds were invested in real estate developers, which led to a big wave of bank runs in 1965.

Therefore, Lin Zhichao also plans to start the construction of the "Telford Garden" on Ferry Street by the end of this year, and the sales can start in the second half of next year, and it will be sold out in two and a half years.

Every step, Lin Zhichao walked quite steadily.

Since Cheung Kong’s land is very cheap, the floor cost per square foot is about 10 Hong Kong dollars cheaper than other real estate developers; and Hong Kong’s residential buildings are 40-55 Hong Kong dollars per square foot, which shows how profitable Cheung Kong is.

"Okay, then I'll sell a building first, what is the land purchase plan for this year?" Hu Zhaoxu asked.

Last year, Cheung Kong purchased only 13 square feet of land. If the development land on Xiwan Street and Ferry Street were removed, there would be less than 120 million square feet left.

这120万平方尺，也许在1963~1964年还会开发个10万平方尺，那就剩下110万平方尺左右。

Lin Zhichao said: "Now the land has returned to the peak in 1957, and the residential land in Hong Kong and Kowloon has reached more than 170 Hong Kong dollars per square foot. However, the funds in the company's account are still sufficient, and the rent has increased significantly. This year, we can Take about 10 square feet of land!"

Hu Zhaoxu immediately said: "Okay, I have something to report to you!"

Saving 120 million square feet is enough.

After all, after 1967, the land was very cheap, and it would never exceed 100 Hong Kong dollars per square foot (in urban areas of Hong Kong and Kowloon).

At that time, it is more beneficial to buy the bottom!

At this time, the real estate industry in Hong Kong was restricted-the economy was not developed enough, so it was difficult for the floor area per square foot to exceed 70 Hong Kong dollars per square foot (in the urban area of ​​Hong Kong and Kowloon), and a house was only 4 to 7; At its peak in 1964, it was estimated to be around 5 to 8.

Therefore, there is no need to save too much land.

Kam Hing Properties.

Zhang Yuliang is in a good mood recently. He invested 4000 million Hong Kong dollars in a large real estate, and the sales have finally started to improve. At the same time, the unit price per square foot has risen to 50 Hong Kong dollars per square foot, which can be regarded as making up for the loss on the book. As for the book The loss is incalculable.

After all, if the funds were withdrawn last year, they might have invested in several new projects.

Moreover, the site on Paterson Street in Causeway Bay can actually be sold for 52 to 55 Hong Kong dollars per square foot; but because of Changjiang Real Estate last year, the price here has not increased much, and Zhang Yuliang dare not gamble.

After all, if it cannot be sold, the loss will be even greater.

"General manager, Changjiang Real Estate has started again!" Seeing his nephew Zhang Shouyi breaking into Zhang Yuliang's office, he said urgently.

Zhang Yuliang was a little distressed immediately. The biggest loss he caused Lin Zhichao was not the loss of the real estate, but probably because he brought his third brother and eldest nephew into the company.

"What's going on, you're in a panic?" Zhang Yuliang said unhappily.

Zhang Shouyi was taken aback, then carefully handed the newspaper to Zhang Yuliang, and said, "Changjiang Real Estate is on Xiyun Street, and there are properties for sale. I think they are all in Causeway Bay, and I'm afraid it will affect us again. And I went to inquire about it." Over there, Changjiang Real Estate has a total of seven buildings, which is a large real estate."

Zhang Yuliang was also stunned, and quickly read the newspaper, only to find that it was so.

Suddenly, his face changed unpredictably.

After a long time, he said weakly: "There is a distance between them, and their prices are not cheap, so it doesn't matter!"

I can only comfort myself like this!

But in fact, he understands that Changjiang Real Estate has a good reputation, which may affect their real estate sales;
Of course, it's just an influence, Zhang Yuliang believes that it should be sold out this year.

"Oh, that's good!"

After Zhang Shouyi left, Zhang Yuliang slammed on the desk, venting his arrogance.

He didn't know when Lin Zhichao would end his attack on the Zhang family, it felt endless!

He also hated his third brother and his eldest nephew being in the way of the company and affecting his idea of ​​embezzling most of the family wealth!

On the weekend, Lin Zhichao's father-in-law Tang Zhongyuan, mother-in-law Song Qiaoling, and brother-in-law Tang Xianqian came to Villa 79 in Deep Water Bay as guests; as for Lin Zhichao's brother-in-law Tang Youqian, he is still studying in London.

In the living room, the adults sat together while the children played outside.

Lin Zhichao teased Tang Xianqian: "My girlfriend will return to Hong Kong this summer, are you planning to get married directly, and then the couple will go to work in Africa together?"

Although Tang Xianqian was of the same generation in front of Lin Zhichao, in fact, he didn't have enough respect for Lin Zhichao to his own father.

So when he heard the joke, he scratched his head and said, "What does brother-in-law think?"

Lin Zhichao choked suddenly, and said, "How can I get involved in this kind of thing! I don't even know the extent of your relationship in London, can I give you some advice?"

He hadn't even seen the woman, he only knew that she was also a Hong Kong student studying in London, and her parents were considered to have a small fortune, otherwise they wouldn't be able to send her to study abroad.

Tang Xianqian really said: "I haven't reached the step of talking about marriage, but I have confirmed the relationship."

Tang Zhongyuan was taken aback, and said: "Didn't you say that you just have a good impression of each other!"

Song Qiaoling immediately slapped her husband, meaning why are you interfering so much.Tang Zhongyuan suddenly lost his temper. He was also very concerned about his son having a girlfriend.But the son seemed to have found a backer, so he didn't tell himself, and he was a little discouraged.

Lin Zhichao said with a smile: "Naturally, it will be delayed for two or three years. The situation of your sister and I was much more urgent than yours, and it took almost two years. Young people, career is the most important thing. If she can understand you, you If you can persist for two or three years, everything will come naturally.”

Sure enough, Tang Xianqian listened to it immediately, and said, "I think so too. Things in Africa haven't stabilized yet, and I don't think about getting married right away."

Tang Zhongyuan and Tang Xianqian took turns going to Africa to inspect factories and deal with interpersonal relationships; in fact, they only invested in 2 textile factories and 1 dyeing factory at present, and they are still in the trial stage.

After all, Nigeria is a "big country". I am afraid that it can open more than a dozen textile factories and several dyeing factories before it can be regarded as the real "African textile king".

When Tang Zhongyuan talked about business, he ignored his son's relationship for the time being, and said: "After Nigeria became independent last year, I think the situation has been stable in the past six months, and I am thinking about expanding the scale!"

Lin Zhichao thought for a while and said: "It is best to expand slowly. The military in this country is prone to coups. I suggest that you build a good relationship with the military, such as asking them to provide protection and give benefits. In short, no one is Competing with you, we can open 1 or 2 factories a year and advance step by step."

He will not advise on the textile industry, but on risk control.

Tang Zhongyuan really listened to it. After all, there is no way to believe this son-in-law's vision.

"It makes sense, this is indeed safer! In the past two years, we have established a good network of relationships there, and the military also has connections; recently, the Nigerian government has intentionally encouraged us to invest more, and they are very supportive of our factory. welcome."

Can you not welcome it, billions of pounds of foreign exchange cannot be spent, and the country's industrial base is weak; if foreign capital builds factories, it can not only turn cotton into cloth, but also solve many jobs.

Afterwards, everyone was talking about career matters!

Dongfang Group currently has 6000 garment workers and is the largest garment factory in Hong Kong. Its products are sold in South Africa, Nigeria, Europe, America, and Southeast Asia; in the field of garments, it is the second and third combined, with an annual profit of nearly ten million Hong Kong dollars.The annual profit of the entire Eastern Group has reached 1300-1500 million Hong Kong dollars, making it a large industrial group in Hong Kong.

From this point of view, the added value of textiles is the lowest, followed by garments, and the added value of plastic flowers is higher; of course, the added value of plastics and toys is not bad.

Generally speaking, the added value of textiles is low, but it cannot stand up to the high demand in the global market, so it is the largest industry in Hong Kong.At present, Hong Kong's garment industry has just begun to develop officially, and it is expected to catch up with the textile industry within ten years.

"I heard that the commercial land in Central has risen to 1300 Hong Kong dollars per square foot!" Tang Zhongyuan asked.

Lin Zhichao nodded and said, "It's true!"

Tang Zhongyuan clicked his tongue secretly, and said, "Such a building is worth 4000 to [-] million Hong Kong dollars, isn't it?"

Lin Zhichao smiled and said, "Could it be that father-in-law wants to invest in a building?"

A central building is a burden to a large real estate company.Take Liu Baoshan as an example. He has invested in two buildings in Central, one is only 24 stories high, and the other is estimated to be 4000 stories high. He also built a building in Kowloon.These properties will occupy about [-] million funds, which is the land he bought two years ago.

Although Tang Zhongyuan is also capable, it is estimated that the net assets of the entire Eastern Group, plus his cash flow, will only be 7000 million Hong Kong dollars.

"That's not true, at least not now, I am more willing to invest in industry now!"

Lin Zhichao said with a smile: "Father-in-law is very sensible. If you do it in Nigeria, you will be the real 'King of Africa'. You will have a good harvest in both garments and textiles."

Everyone was not surprised to hear Lin Zhichao's tone. It was the son-in-law who was helping his father-in-law to expand his career.Both families know that Tang Zhongyuan's textile industry was initially supported by the Yangtze River zipper; Tang Zhongyuan's ready-made clothing was a "betrothal gift" from Lin Zhichao's son-in-law;

These things are trying to be covered up, but it is impossible to cover up; what's more, in Tang Zhongyuan's own opinion, his son-in-law's business skills and achievements in the industrial field can be regarded as his "master" - the master can be his teacher.

"It is really necessary to specialize in these two industries! At the beginning of the textile field, the Oriental Group was once the top three, but later fell behind, almost fifth. I have been reviewing myself. In contrast, the textile business of cousin Bing Yuan, It took the lead, and now it is about the same as the sum of the second and third. It is estimated that the assets are 5000 to [-] million. According to him, he plans to go public in the next few years."

Lin Zhichao said with a smile: "It's not worthwhile to go public in the past few years! Of course, my father-in-law should not talk nonsense. This is my family's opinion. If I say something wrong, I will offend my cousin."

Tang Zhongyuan nodded, and couldn't help extinguishing the idea of ​​following the competition in his heart, and said: "It's natural!"

If Tang Bingyuan had been listed before 1964, the funds could at most be used to purchase equipment and machines for replacement, and how much development would it have.

If my father-in-law listens to me, he will follow the path of Nanfeng Group's "Chen Tinghua" and Huaxia Dyeing Factory's "Zha Jimin" in the future, and become the most successful businessman in the transformation of the textile industry.

That is to say, he would encourage Tang Zhongyuan to acquire the "Type B Official Letter for Land Exchange Certificate" in the New Territories in 1967, and slowly enter the real estate industry.It went public in 1972 to raise funds.

At least, Tang Zhongyuan's family will not lose to the Chen Tinghua family in the previous life in the future, and it will even be more than twice as good.

After all, just marrying Xu Caiying to him back then was already a kind of kindness; after all, there is no reason for a daughter of the Tang family from a famous family to be a concubine, even if it is a bungalow.

But now it seems that few people gossip about this matter anymore.

As Lin Zhichao's status increased, everyone felt that Tang Zhongyuan made the right choice.

end of the month.

Lin Zhichao came to the office of Sanders, the general manager of HSBC Bank. The general manager is only the actual head of HSBC Bank, but there is also a chairman of HSBC Bank; of course, the general manager of HSBC Bank is the next chairman of the board of directors.

And Sanders is expected to have two or three years before he can really become the top leader of HSBC, but it is enough for Lin Zhichao to use.As early as Sanders was only the deputy manager of the import and export department, he was already considered a high-level executive in HSBC. After all, he was already scheduled to be the project manager at that time.

In terms of the situation at that time, the import and export department was more important than the project department, because it was affected by the peninsula war; but now, HSBC has already divided the import and export department into "import department" and "export department".

After taking a sip of tea, Lin Zhichao crossed his legs, leaned on the sofa, and said relaxedly: "Universal Shipping will order two oil tankers this year, and Japan says it can build 13-ton oil tankers at a price of 1100 million US dollars."

寰宇航运，已经拥有4艘5.6万吨油船、6艘10.3万吨油船（其中两艘为在建）；债务方面是1200万美金（含造船的尾款），但利息仅6%。

That is to say, HSBC is willing to provide ultra-low interest rates of 6% for Universal Shipping and Hong Kong Airlines, which is relatively good.After all, the interest on bank deposits is much higher than this.

Sundas said: "There is no problem with the loan, or a 6% low-interest loan."

Afterwards, he changed the subject and said: "Global Shipping can repay all the loans this year. And next year's profit may reach more than 1300 million US dollars, so I was thinking, why not order four oil tankers?"

Along the way, he has seen Lin Zhichao's super vision, not only can analyze the shipping situation, but can even seize shipping opportunities; at the same time, Lin Zhichao is also good at building good relations with governments in various countries.

With such good conditions, if HSBC invests in shipping, it will naturally seek Lin Zhichao to deepen cooperation.

After thinking for a while, Lin Zhichao said: "This year's shipbuilding is still cheap, and next year I am afraid that the price will increase. Of course, I believe that shipping will also come out of the trough, and the market for new oil tankers can achieve a 20% rate of return. Therefore, Huanyu's debt is higher. It doesn’t matter, just build four ships, but two ships with 10 tons and two ships with 13 tons, this configuration is more reasonable.”

A 20% rate of return means paying back the cost of a new ship in five years; of course, there is a premise that there will be no accidents. The accident of the oil tanker is fine, and the Japanese shipyard will pay full responsibility. If the senior seaman does not operate properly, then there is only hope Insurance compensation is sufficient.

Global Shipping also had an accident. It was a second-hand freighter that ran aground. Not only did it have to compensate the owner, but it also lost a second-hand freighter. But luckily, the insurance fund was enough to compensate the owner. Even the second-hand freighter can also compensate part of it. .

Generally speaking, the management of Global Shipping is very good, and the loss is relatively small.

Sandas said with a smile: "You are a professional, we will not interfere!"

如今的寰宇航运，拥有4艘5.6万吨、6手10.3万吨的油船，总吨位不到85万吨。再打造四艘，也才130多万吨。

To get rich with HSBC, the first is to strengthen ties with British capital, after all, British allies are still needed; the second is to strengthen cooperation with HSBC, which will help HSBC to be used by him in the future; Invest in other shipping companies to prevent HSBC from supporting the new shipping king.

After all, if HSBC is optimistic about shipping, and Lin Zhichao is unwilling to make them rich, they can immediately increase their support for Bao Yugang, or support other shipowners.

According to Lin Zhichao's plan, before 1967, the tonnage of Huanyu Shipping should be increased to 300 million tons.

Global shipping requires 800 million tons; Asian shipping needs 100 million tons.

After a simple communication, Lin Zhichao left the office of Sundas.Today, the relationship between him and Sandas is very close, and gold is sent every year.After all, Sandas also needs to make money.

(End of this chapter)