The Birth of the Hong Kong Island Family.

Chapter 286 [One less friend]

More than a week passed.

As expected, Halimin Auction House held the land auction of 'Liu Chong Hing Bank', and all the major real estate developers in Hong Kong participated one after another, intending to catch the leak.

In fact, although Hong Kong real estate and the stock market have some influence at this time, it is only a superficial phenomenon; if there are cheap properties available, everyone will naturally not miss it.

At the auction, Liao Baoshan was not qualified to sit on the auction block, and even Liao Liewen and other descendants did not have the right to sit on the auction block; otherwise, not only would they not be able to play a monitoring role, but the participants might not bid on purpose.

"The rumors are so terrifying, it's really chilling!" Airship Tai stood in front of Lin Zhichao and said with deep empathy.

Back then, he also suffered from rumors and tortured him for half a year.Even though we know that the rumors are false, the more the rumors spread, the more outrageous they become. In the end, it is easy to affect people's thinking, lead a life of fear, and affect business.

Lin Zhichao said seriously: "What happened to Liao Sheng today is not all influenced by rumors. 1 million deposits, 8000 loans, this kind of banking model is not advisable. As far as I know, Western banks generally control it at more than 40% Loan-to-deposit ratio. Even if he escaped a catastrophe today, he may not be able to escape in the future."

Li Gaofu said immediately: "The Chinese-funded banks in Hong Kong are probably Liao Chongxing Bank, right?"

Lin Zhichao shook his head and didn't say anything!
To be honest, he personally hopes that Chinese-funded banks such as Hang Seng Bank will not be acquired by foreign capital.However, without the injection of foreign capital into Chinese-funded family-owned banks, these banks will not only fail to develop, but will intensify their chaos.

For them, the lesson learned by Liao Chong Hing Bank this time is nothing more than 'something that didn't happen to them', nothing more.Everyone will not learn even a little lesson. In the next few years, they frantically lent money to the real estate industry, which eventually led to the bank run incident in 1965, which affected many banks instead of one.

Logically speaking, the 1965 bank run had such a great impact and harm that Chinese-funded banks should be taught a lesson; but on the contrary, the surviving banks quickly forgot about the run and continued to lend their depositors’ deposits to themselves. Lending to family members and friends, and finally the bank run in the 80s completely wiped out these Chinese-funded banks.

The law of the market—survival of the fittest, how could Lin Zhichao interfere!

What the Chinese lack most in doing business is to abide by the rules, keep their credibility, and like to take risks and put all their eggs in one bet.

Of course, it is undeniable that the next overseas Chinese (including Hong Kong) will have the reputation of "Oriental Jews" and will control most of the wealth in Hong Kong, Sing Tao, Thailand, Malaysia, Indonesia and other places.

The auction will start soon.

A total of 12 sites/lots were auctioned today. After the entire auction, each lot reached [-]% of the price, because Lin Zhichao participated in the top price.

This price is acceptable to the real estate developer, and the owner should also be acceptable.

Cheung Kong also purchased the Nathan Theater and other original sites in Mong Kok, Kowloon. The original plan was to build a [-]-storey building as the Mong Kok branch of Liao Chong Hing Bank.

It is valuable because it can be built with a height of [-] floors. It is a commercial and residential building with a certain commercial area, and the lower eight floors can be used as commercial properties.

After this battle, Liao Baoshan’s real estate strength was greatly damaged. The property originally worth 5000 million yuan could even earn tens of millions, but the value is actually far more than 5000 million yuan; but now, only 3500 million yuan has been auctioned, and the invisible loss may have reached 5000 million yuan. More than [-] (according to the sale price after one year).

The Liu Baoshan family is planning to build a 'Headquarters Building' at 133-134 Des Voeux Road Central, which is the original site of Huaxia Guohuo Company, and plans to build a 24-storey building.

Now it is barely saved!
Next, I hope that Liao Baoshan's life will be saved too!

The next day.

Open for business on Saturday, March 7th.

Universal Building at 77 Des Voeux Road Central officially opened today.

This is a 22-storey first-class office building with steel girder steel structure and glass curtain wall. The side near the sea can see the beautiful scenery of Victoria Harbor and Kowloon through the glass curtain wall.

On the opening day, Lin Zhichao invited some business friends to participate, but did not invite Liao Baoshan, because he was worried that he would be stimulated again.

After the celebration, Lin Zhichao came to the office of Global Shipping on the top floor.

"Husband, the scenery here is so beautiful!" Xu Caiying also came to his office to join in the fun, and said excitedly in front of the glass curtain wall.

Lin Zhichao looked at the beautiful woman's back, then looked at the scenery outside the window, and suddenly became very interested.

"Ah! Husband, what are you doing! How bad it is to be seen!"

Xu Caiying felt embraced by Lin Zhichao from behind, with a strong chest and a manly air.

Lin Zhichao turned Xu Caiying over in a single step.

After a while, Lin Zhichao stopped.

At this time, Xu Caiying was out of breath and her eyes were blurred.

Afterwards, Lin Zhichao sat on his leather seat and watched Xu Caiying arranging his clothes with great interest.

Xu Caiying is wearing a Western-style dress with high heels; in this era, women almost all wear cheongsam-style clothing, which outlines a beautiful curve, with slits on the side of the thigh to perfectly show the beautiful legs, high heels on the feet, and high heels on the hands. Wear a fine watch.

Cheongsam-style clothing is not necessarily a formal cheongsam, but a variety of improvements; those from poorer families may use plaid cloth, and those from better families may use imported materials, which can be seen at a glance.

As for Lin Zhichao's two wives, Tang Caiyun prefers to wear Chinese style, and occasionally wears Western style, while Xu Caiying likes to wear Western style clothing, which looks more beautiful.The reason why Tang Caiyun likes to wear Chinese style is because she wants to do something that fits "Mrs. Lin". Xu Caiying is not so scruples. With Lin Zhichao's permission, she likes to dress in Western style.

Of course, in Lin Zhichao's eyes, both Chinese and Western styles can reflect the beauty of women, and the key lies in the person's own conditions.

"Husband, did you want to mess around just now?" Xu Caiying came to Lin Zhichao and said softly.

"How can you talk nonsense, you and I are my wife, what's wrong with being a little closer!" Lin Zhichao stretched his hand to Xu Caiying's long legs, feeling the smoothness and delicateness on them.

"No! It's bad to be seen by others, and you, the chairman and general manager, will be ashamed!" Xu Caiying said no, but she showed Lin Zhichao her jade legs perfectly, leaning on the desk.

Lin Zhichao also said that enough is enough, after all, it is unrealistic to actually fight in the office.

"Recently, you should study the feasibility of ordinary seafarers joining the pension system!" He started talking about business.

Under the training of Lin Zhichao, Xu Caiying also gradually adapted to the job of global shipping - the chairman of the compensation committee, which is considered a idle job; after all, these women have to take care of the children at home.

Xu Caiying immediately stood up straight, and said seriously: "The loss of ordinary seafarers is serious. Generally, after the expiration of the three-year period, they will not be needed for the time being. Either they will continue to apply after spending all their money, or they will apply again after they get married and have children. The biggest reason is That is, although they have a one-month holiday every year, it is difficult to return to Hong Kong because the air tickets are too expensive and the ships are too slow.”

Of course Lin Zhichao knows these problems, but what can be done in this era, but now air tickets are a little cheaper. After all, jets join the route, the number of passengers has increased several times, and the time has been cut in half.

Lin Zhichao said: "Excellent seafarers after the expiration of the three-year period can be considered and given more favorable treatment, such as 35 days of vacation every year, and one round-trip air ticket underwriting. In short, the company's benefits should be gradually improved."

Xu Caiying nodded, she admired her husband's ability to make money, and she can give employees good benefits to the maximum extent.

Indeed, Lin Zhichao has been optimizing the welfare of his seafarers. At present, the senior seafarers have stabilized and the turnover rate is zero.The quality of ordinary seafarers must also be taken seriously.

After all, the salary of seafarers in Global Shipping has reached 300 Hong Kong dollars per month, while the skilled workers in Hong Kong are only 150 Hong Kong dollars, which is a full difference of double.

Theoretically speaking, as long as the sailors can take 35 days of vacation every year and hang out with their wives for a month, they can go out and make money.As for whether his wife can restrain herself, that's not something Lin Zhichao can interfere with.

More than a week later.

Lin Zhichao heard the news suddenly, but Liao Baoshan still tore it up.

According to Liao Liewen on the phone, after the land auction, his father was still in a very low mood and couldn't sleep at night, which eventually led to a sudden fire and a cerebral blood vessel burst and died.

It was very euphemistic, but Lin Zhichao knew that Liao Baoshan took money too seriously, probably because the more he thought about it, the more angry he became, and the more he thought about it, the more grief-stricken he became, and in the high-intensity state that lasted for more than 30 days, he eventually died.

Even if Lin Zhichao enlightens this hurdle, how can a person's character be influenced by others.

Hey!
Lin Zhichao hung up the phone sadly, feeling depressed for losing a friend.

It was not possible!

Liao Baoshan's properties are worth at least 1.5 million yuan, of which more than 1 million yuan belong to him.If the mentality is better, the loss can definitely be made up before 1965, and it can increase a lot.

The only loss is that Liao Chongxing Bank's reputation has plummeted, and its deposits can only be maintained at tens of millions.

But so what, Liao Baoshan's family has grown up, and they will fight steadily in the future, and none of the five real estate tigers can match him.

After all, at this time, Guo Desheng, Lee Shau Kee, and Chen Zengxi have just entered the real estate industry for two or three years, Zheng Yutong and Hu Yingxiang have not yet entered the real estate industry, and Li Jiacheng has been completely "abandoned".

"A person's character really determines a person's success or failure!"

Finally, Lin Zhichao shook his head and said.

People have to live longer!

Not long to live, everything will stop!
The second generation can only keep wealth at most, and few people can surpass the first generation.

For example, the first generation of Xu Aizhou, Liao Baoshan, He Dong and other families, the wealth they created is worth far more in this era than the value of their descendants.

Xu Aizhou's wealth in this era is at least 2 million. Based on the appreciation of a house from 4 Hong Kong dollars to 4000 million, the Xu Shixun family's 400 billion assets in later generations are not qualified.Not to mention, to develop and grow.

Liao Baoshan's assets were [-] million in this era, and the later Liao Baoshan family was tens of billionaires, so naturally they were not qualified.

In fact, the assets of the family do not exceed the assets of real estate appreciation, which shows that 'doing more is worse than not doing it'.

This is also the reason why Lin Zhichao is keen on investing in commercial projects. At least with these commercial buildings in his hands, the family wealth can increase exponentially.

a few days later.

At Liao Baoshan's funeral, Lin Zhichao sent a wreath and even attended the funeral to see him off for the last time.

"Uncle Lin!" Liao Liewen took his younger brother to entertain Lin Zhichao.

In fact, Liao Liewen is only two years younger than Lin Zhichao, but Liao Baoshan asked him to call him Uncle Lin Zhichao.

Lin Zhichao patted Liao Liewen on the shoulder and said: "Brother Liao is very smart (capable) and very capable! You have to learn from him, persevere in doing things, first stabilize the rear, and then slowly develop, don't let Liao's career stagnate, I believe this is not what he wants to see."

Liao Liewen nodded seriously, and said, "Uncle Xie Lin is here to help! This way please!"

The members of the Liao family looked at Lin Zhichao respectfully. They all knew that the Liao family was able to keep most of their assets thanks to Lin Zhichao's guidance and the 1000 million loan.

This fund is very valuable, at least it can allow Liao to keep two or three properties.

What's more, Liao Baoshan also mentioned many times about the matter at the auction that if it weren't for Lin Zhichao, [-]% of them might be auctioned off.

Sitting in the guest seat, nodding with friends, and then sitting down to send Liao Baoshan off for the last time.

A generation of business heroes disappeared like this!
In the middle of the 50s, there was one less person who dominated the real estate industry. It is really a history, and there are many things that cannot be controlled.

If these people are still there, will there be a day for the real estate five tigers in future generations?
Li Kangjie, the "King of the North Cape", was so powerful back then. There was no opponent in the North Point, and Lin Zhichao was unwilling to provoke him. Of course he could win, but it was not good for him, so why bother to fight that kind of battle.As a result, there was a sharp drop, and the law firm stopped paying, and the land king in North Point became history. There have also been real estate developments in the past few years, but it was just a small fight, and it has long since faded away.

Although Chen Detai survived the 'bankruptcy crisis', his character has changed and he lacks the courage to independently develop large-scale projects. In later generations, he became attached to the British consortium to assist them in the development of real estate.In the end, he became an outcast, abandoned by British capital, and did not become a big climate in real estate.

Liao Baoshan, if he didn't die, he must be the boss of the real estate five tigers.It's a pity that he just can't understand this point, and now his son will become cautious when he succeeds. Although he continues to develop real estate, it is no longer worth mentioning.

Airship Tai, although the development of real estate has been smooth in recent years, but because Lin Zhichao took away many opportunities, it can only be regarded as quite satisfactory, and its assets are only tens of millions of Hong Kong dollars, which has not yet touched the threshold of 60 million yuan.And in the [-]s, because of contact with the opposite party and sympathy, he will be targeted by the Hong Kong government.

Li Gaofu is now blindly seeking stability. The residential properties he develops are [-]% leased and [-]% sold. In addition to the development of two commercial buildings, the development has also slowed down.After all, if it is not for strong funds, the most important thing is the rotation of goods.

Zhang Yuliang, suppressed by Lin Zhichao, has already lost stamina, and his development potential is far inferior to his previous life.

The top ten real estate developers who were active at the time no longer "dominated one side", but more and more real estate developers joined in, showing a state of blooming flowers.

Even Changjiang Real Estate, in the eyes of outsiders, has a lot less real estate development every year, and it seems that it is not as aggressive as before.

The run on 'Liu Chong Hing Bank' only temporarily affected real estate and the stock market, but soon everything returned to normal, and Hong Kong's real estate continued to thrive.

The Hong Kong government is sharpening its sword and preparing to auction more official land to continue to pile up the city.

The biggest increase is of course the commercial land in Central, that is, the land in Tsim Sha Tsui, Wanchai, and Causeway Bay have all begun to soar.

The commercial land in Central is already at 1300 Hong Kong dollars per square foot, the land in the Tsim Sha Tsui business district is also at 600-800 Hong Kong dollars per square foot, and some commercial land in Causeway Bay has reached as high as [-] to [-] Hong Kong dollars per square foot.

In the office of Cheung Kong Industries.

Lin Zhichao flipped through the financial statements, and soon had an idea.

This year, Cheung Kong can make a profit of 7000 million Hong Kong dollars, which can be called a giant real estate company, of which 3500 million comes from development real estate, 2500 million from commercial real estate (including hotels), and 1000 million from the stock market.

If the expenditure for purchasing land is controlled at about 10 square feet, then the expenditure will be 2000 million.

It is estimated that the cash flow on the account at the end of the year will be about 1 million.

After making a profit, the profit every year will be around 7000 million. I am very happy to think about it.

But it is also very troublesome. The annual auction of government land in Hong Kong is only 1.5-2 million yuan. He has so much money, but he has no way to invest.

Therefore, Lin Zhichao hoped that there would be a good central building for investment.

After all, investing in a large central building now requires about 5000 million yuan, which is the best way to consume funds.

(End of this chapter)