People in Hong Kong create super chaebols

Charity work is something that can be done occasionally.

Su Cheng’s main business is still to make money.

After all, only if you have money can you do what you want to do, otherwise everything is nonsense.

Time passed day by day, and soon it was December 1984.

This month, something of great significance to Hong Kong happened.

That is, the negotiations on the future of Hong Kong have ended, and the future of Hong Kong is no longer shrouded in mystery, but has a clear direction.

The signing of the "Joint Declaration" also officially resolved the Hong Kong issue left over from history.

When the "Joint Statement" was transmitted to the whole of Hong Kong through major news outlets, some were happy while others were sad.

At this moment, the people of Hong Kong are divided into two factions. Those who support it are more confident about the future of Hong Kong, while those who do not support it are trying to find ways to immigrate to Hong Kong.

Those foreign companies chose to move their corporate listing and registration locations abroad, such as to Bermuda, or move their headquarters to London.

However, even if they move their headquarter's registered address elsewhere, it is actually of no use. After all, their main business still depends on Hong Kong. Moving the headquarter is nothing but an attempt to cover up the problem, unless they are willing to give up their business in Hong Kong.

The "Joint Declaration" clearly stipulates the arrangements for Hong Kong land contracts, which can be said to have greatly given Hong Kong people sufficient confidence in Hong Kong real estate.

So, in Hong Kong in 1984, the real estate industry, after more than two years of silence, finally began to recover in the fourth quarter.

In 1985, the real estate market became more active, house prices and rents began to rise, and real estate developers across the country also actively increased land reserves and expanded supply.

The market transaction volume also began to increase significantly, even doubling compared to the same period last year.

As transactions increased, housing prices naturally rose, and before long, housing prices returned to their peak levels in 1981.

All of this came naturally after the "Joint Statement" came out.

A prosperous Hong Kong is back again.

In the past two years, the companies that have benefited the most are the major enterprises under Suzhou.

During the two years of decline, his major companies, under the arrangement of Su Cheng, continued to secretly purchase cheap commercial buildings, industrial buildings, land and even government land.

Not long after the "Joint Statement" came out, the properties held by those companies under Suzhou basically doubled, and housing prices continued to rise.

Because the arrangements on Hong Kong land contracts in the "Joint Declaration" have given the general public enough confidence, they are no longer afraid of any problems in the future if they buy a house now.

"Boss, how did you guess that housing prices in Hong Kong will skyrocket soon?" Yang Chaoye asked with emotion in an office in the Tseung Kwan O headquarters base.

In the past two years, the Su Group has purchased properties and land worth more than HK$10 billion in Hong Kong.

Now, the value of these properties and land has exceeded 20 billion, and is still rising.

"Have you ever seen a real estate crisis last for how long? What's more, the current international economy has not reached a bottleneck yet. The economic downturn is only temporary, so the real estate crisis will definitely be short-lived. People have to be bolder. I have so many industries in Hong Kong. If I didn't believe in the future of Hong Kong, I would have transferred all my industries long ago. Why would I have such a large layout in Hong Kong?" Su Cheng said with a smile.

He has invested a lot all over the world, but in terms of investment funds, it is definitely the largest in Hong Kong.

After all, whether it is the Su Group or the Hutchison Whampoa Group, their headquarters are all in Hong Kong.

This is also his territory.

"That's true. When it comes to courage, boss, you have surpassed most people in Hong Kong. As far as I know, between 1983 and 1984, you were the only one who acquired land, commercial buildings, etc. on such a large scale like you. Companies like Hutchison Whampoa only purchased a small part in the past two years and did not dare to make large-scale purchases." Yang Chaoye agreed.

In addition to the Su Group, Yang Chaoye also knew that all of the companies under his boss's control were basically continuously investing in real estate and continuously increasing their holdings of real estate properties.

In fact, Hutchison Whampoa holds more properties than the Su Group. According to him, Hutchison Whampoa started acquiring properties when the real estate market was at a low point, and before the release of the "Joint Statement", it had acquired nearly 20 billion worth of real estate properties, land, etc.

The value of these land properties has now doubled, which means that the market value of 20 billion has directly become 40 billion.

This kind of surge is unimaginable.

At this moment, Yang Chaoye couldn't help but sigh that it was too easy for the boss to make money.

Now, after two years, it's finally paying off.

This is the boss's foresight. If it were any other boss, who would dare to do this?

In Hong Kong, even Li Jiacheng, Bao Yugang and others do not dare to do this.

Banks like HSBC Bank and Jardine Matheson were constantly expanding overseas in an attempt to shift their focus from Hong Kong to overseas. This was because they had no confidence in the future of Hong Kong. They were forced to stay in Hong Kong only because their main businesses were in Hong Kong.

If there really was an opportunity to run away without any losses, these British companies would have run away long ago. Why would they wait until now?

When Su Cheng asked Yang Chaoye and others to continue making acquisitions, Yang Chaoye, Wei Li and others raised objections.

However, these companies are all private properties of their bosses. Even in a public utility listed company like Hong Kong Electric Group, the boss holds almost half of the shares.

Although the boss doesn't usually take care of things, his decisions still matter at critical moments.

At that time, both Yang Chaoye and Wei Li felt helpless.

But after the "Joint Statement" came out, these generals under Su Cheng were full of admiration for Su Cheng.

Look, this is a truly wise decision.

At this moment, these executives finally understood why their boss could make so much money, while they were only suitable for professional management.

Nowadays, people like Wei Li, Zhang Qizhen, Yang Chaoye, etc., who is not a billionaire?
With the strength of these people, they can easily establish a large company.

But no one does this.

Because they feel that being a senior executive or a person in charge under Sioux City is more profitable.

But starting a business involves too many uncertainties.

From the past two years, we can see that among the many companies in Hong Kong, many are making losses.

They may not really make money when starting a business, and may even lose money, but if they help their boss manage the business well, they will not only have a high basic salary, but also more profit dividends.

These dividends are enough for them to become rich.

Of course, the reason why Su Cheng is so bold is naturally because he knows the future development of Hong Kong. With Xiao Ai, the super intelligent computer, controlling the future development direction, if he can't make money, then this golden finger would be wasted.

"Boss, to be honest, I really regret it. If I had invested all my fortune in buying land and properties during the real estate crisis, my assets would have doubled now. But now, there is no chance." Speaking of this, Yang Chaoye was full of regret.

After working in the Su Group for several years, his assets have now reached 200 to 300 million Hong Kong dollars.

If he was bolder and followed Su Cheng in investing in real estate, then these two or three hundred million would be worth at least five or six hundred million Hong Kong dollars.

To say I have no regrets would be a lie.

Since the economic downturn, Yang Chaoye has not invested any more, choosing instead to keep his money in the bank.

But how can the little interest you earn from putting your money in the bank possibly keep up with inflation?

So, in fact, his money has been depreciating!
"Mr. Yang, let me give you a suggestion. If you trust me, use this money to invest in the stocks of my listed companies such as Hong Kong Land Development and HK Electric Group. Their future growth will not be worse than real estate. In addition to these listed companies under my control, you can also invest in Huifeng Bank. I am a shareholder of Huifeng Bank. Although they are now shifting their focus to overseas, from their investment strategy, I think it is very good. In the future, Huifeng Bank will definitely become a large international bank, not just a regional bank in Hong Kong!" Su Cheng gave his opinion generously.

Whether to obey or not is up to him to decide.

Yang Chaoye also helped him a lot by managing the Su Group in an orderly manner. This alone was enough to make Su Cheng willingly give him advice.

Today, Yang Chaoye is over 60 years old, but thanks to the many good benefits that Suzhou City provides to them and the complete medical institutions, Yang Chaoye is still the same rosy-cheeked old man and seems to have no health problems at all.

In this way, he can continue to shine for Su City and make more contributions to the Su Group.

After listening to Su Cheng's suggestion, Yang Chaoye began to think about it.

All his money was kept in the Jiali Bank owned by his boss.

In fact, all of Sucheng's senior executives and employees basically keep their money in Jiali Bank, because the interest rate of Jiali Bank is higher than that of other banks.

Moreover, they have enough confidence in the boss. With the boss's assets, there will definitely be no problems with Jiali Bank.

If they put their money in other banks, they would be afraid of a bank run.

During these two years, Carleton Bank also invested in many real estate properties. Although not as exaggerated as Hutchison Whampoa Group, it also invested over 10 billion Hong Kong dollars.

And now, the profits from these investments in real estate have doubled one after another.

If they start selling their properties slowly now, their profits will be huge.

The bank's funds also need to be grown through continuous investment. Bank like Huifeng Bank is constantly investing.

After all, customers have to pay interest when they deposit money. If the bank does not invest, where will the extra interest come from? Won’t the losses continue to grow?

Therefore, banks often use the depositors' deposits to invest!

The money earned naturally belongs to the bank itself, and it only needs to pay a small amount of interest.

But if there is a loss, the bank will have to bear it itself.

Not only that, the customer's interest must not be reduced by a single cent.

"Yes, I should think about investment." Yang Chaoye nodded.

He is very relaxed in managing the Su Group.

However, Yang Chaoye appears to be very cautious when dealing with his assets.

The ultimate reason is that your assets are yours, and if you lose them, you really lose them.

As for the company's investment, the general trend follows the direction decided by the boss. Even if there is a loss, it is not a big loss for him except for a little less dividend.

It is human nature to consider one's own interests. Who doesn't work for the salary? Is there really anyone who works for the boss?

"By the way, boss, I plan to develop a tourist resort in Guangzhou. The economic development of the mainland, especially the economic development of Guangdong Province, is getting better and better, and there are more and more wealthy consumers. If we plan it now, it will definitely be very popular in a few years. There is no tourist resort like Tseung Kwan O in Guangzhou. They only have some small amusement parks there." Yang Chaoye said.

Initially, the reason why Suzhou City developed the Tseung Kwan O Tourist Resort was basically based on the famous Chimelong Tourist Resort in later generations.

Today, this tourist resort is obviously very successful. Although the annual profit is not very impressive among so many industries under it, the income is very stable, and it can also occupy such a large piece of land.

After all, a tourist resort requires a very large piece of land, and if you want to invest, then there is a reason to buy the land.

Otherwise, if the land is purchased but not developed, the local government will also have opinions.

There is indeed no large-scale tourist resort in Guangzhou at present.

The famous Chimelong Tourist Resort was officially established in 1989.

And now, it is only 1985.

In other words, if he does it now, it would be equivalent to snatching away Chimelong's position.

"Okay, it's up to you to decide. You have to choose a good location. The closer to the city center, the better!" Su Cheng said directly.

The investment in a tourist resort does not need to be too large. According to the investment in the Tseung Kwan O tourist resort in Hong Kong, excluding the value of the land, it is only two or three hundred million Hong Kong dollars.

The land in Guangzhou is very cheap now.

"Okay, then I will find time to go to Yangcheng and discuss this matter with the local authorities. They are very enthusiastic about investing. We have made so many investments in Yangcheng, and I believe they will definitely choose a very good piece of land for us." Yang Chaoye said with a smile.

"I suggest that this tourist resort be located in Haizhu, Tianhe or Huangpu in Guangzhou, and that the land be several million square meters!" Su Cheng suggested.

The future Chimelong Tourist Resort was finally chosen to be located in Panyu. Although it is not a bad location, it is still a bit far from the city center, which will definitely affect the passenger flow.

But if it is placed in the city center, the passenger flow will definitely be much greater. (End of this chapter)