Rebirth 1980: Marrying my sister’s best friend at the beginning

Chapter 581 The Li family is going to fight back!

On the evening of October 10, just after the Lin family and Li Futiao's people completed the final gold transaction worth US$26 million, Li Yi asked Huang Lixing to take Lan Xinyi to the Li family's small villa and met in secret.

During this meeting, Li Yi mainly wanted to understand the current operations of the company and formulate actions for the next stage.

According to Lan Xinyi's report, Xingchen Company is now developing very well, and the capital scale of its Dahai Private Equity Fund has reached HK$79 billion, an increase of HK$7 million from two months ago.

Among them, 72 billion was converted into U.S. dollars according to Li Yi's requirements and deposited in major banks. While earning interest, he waited for the U.S. dollar to appreciate in value and suffered from the exchange rate difference.

At present, with the changes in the international situation, the risk of uncertainty on Hong Kong Island is increasing. This situation has directly led to the serious depreciation of the Hong Kong dollar.

眼下港元兑换美刀的汇率，已经从两个月前的5.06:1增加到了7.12:1了，港元贬值超过了40%。

In other words, if Xingchen Company now withdraws the US dollars deposited in the bank and converts them into Hong Kong dollars, its profit will reach 40%.

This return on investment is astonishing and has exceeded almost all financial products currently on the market.

More importantly, the depreciation of the Hong Kong dollar continues, with no sign of stopping. No one knows how far the Hong Kong dollar will fall.

All in all, the greater the depreciation of the Hong Kong dollar, the more Star Company will earn.

In addition, the company also borrowed more than HK$70 billion from major banks through mortgaged certificates of deposit, and then invested all of it in gold financial products.

When they bought it, the international gold price was only US$250-270 per ounce. When they bought it later, the price was slightly higher, but it did not exceed US$290 per ounce.

However, the international gold price has now soared to US$595 per ounce, and even reached US$598 a few days ago.

A rough calculation shows that their profits from gold projects now exceed HK$70 billion.

In view of this, Lan Xinyi decisively decided to quietly ship goods some time ago and slowly close the network.

After all, the value of the gold financial products they hold is too high, exceeding HK$145 billion.
Such a large holding can only be sold slowly, not all at once, otherwise it is likely to cause violent price fluctuations in the market.

So far, under the leadership of Lan Xinyi, Xingchen Company has sold more than 75 billion Hong Kong dollars in gold financial products to the market.

But even so, they still hold more than HK$70 billion in financial products waiting to be sold.

Of course, there is good news and bad things in the company. In addition to these good news, Lan Xinyi also told Li Yi two bad things.

The first thing is that the British-owned group smeared Li Yi himself and the company, which had a great impact on the company.

Since British-owned groups control two-thirds of the media in Hong Kong Island, especially several TV stations, they have close relations with them. During this period, they used the media power they controlled to continuously slander and discredit Li Yi.

Many investors who did not know the truth became suspicious of Xingchen Company after reading these smear reports, and the company's business was greatly affected.

Originally, in August and September, Xingchen Company could absorb [-] to [-] million Hong Kong dollars in funds every month, and its development momentum was very good.

However, since October, only 5000 million yuan has been absorbed, a drop of more than 50%, which makes Lan Xinyi and others very worried.

After all, as an investment company, investment profitability is important, but how much capital can be absorbed is equally important.

The second worst thing about the company is the loss of real estate projects!
The several real estate projects of the Li family that they took over some time ago were affected by the general environment. Currently, without exception, the prices of all these projects have plummeted.

Although their acquisition price itself was not high, they only spent HK$6 million to buy a real estate project worth HK$10 billion, but now with the plummeting property prices, the profit of HK$4 million has been lost.

Moreover, property prices continue to plummet. According to industry experts' estimates, they will have to fall by at least one-third from the current level before they can rebound.

In other words, if they do not sell these real estate projects in time now, these projects will continue to suffer losses in the future.Therefore, whether to leave the market or continue to hold it has become a difficult problem for everyone.

Regarding this matter, there are now great differences within the company.

Some people want to get out of the market and stop losses in time. The reason is that property prices across Hong Kong Island are plummeting right now, and there is no hope of stopping the decline and rebounding.

Furthermore, due to the slander from those in the British-owned group, the seven real estate projects currently held by the company have been rated as worthless. Even if the property prices rebound in the future, no one may be willing to buy them.

It's better to sell it directly before investing the principal.

But some people think that we should stick to it. After all, property prices have reached their current level, and how far can they fall if they fall again.

In this case, it is better to continue to hold it and wait for property prices to rebound.

The two groups have their own opinions, and no one can convince the other, so Li Yi still has to make a decision on this matter.

After understanding the situation, Li Yi immediately made arrangements for the company's next actions.

The first is to speed up the sale of these financial products. It is necessary to sell all these financial products before November 11 and to completely clear out the market.

But wait for his notification on how to sell.

Secondly, real estate projects must continue to be held, and blood transfusions must be continued to speed up the construction progress of the projects.

Don't worry about losses, no matter how much money you lose, you can't stop!
When taking over these real estate projects of the Li family, Li Yi knew that these projects would not be profitable in the short term, at least within two years.

But even so, he took over.

On the one hand, it was because they needed the attitude of the Li family at that time and spent 6 million Hong Kong dollars to acquire real estate worth 10 billion. This was a lesson to Li Jiuying and also vented his anger on Lao Huang.

On the other hand, Li Yi is interested in the potential of these real estate properties of the Li family!

Li Jiuying has a good vision in business. All seven of the Li family's real estate projects are built in the core and strategic areas of the city.

Especially the commercial CBD project located near Lower Albert Road is even more eye-catching.

This area is already very prosperous now, but it is far behind what it was ten years later. You must know that that place was later to become the famous Hong Kong Island Central, the absolute heart of Hong Kong Island.

Furthermore, despite the fact that property prices in Hong Kong Island have plummeted by half, it seems that real estate has become a declining industry overnight.

But this is just a process of real estate bubble squeezing, and the ones that have fallen are ordinary residential properties. Real estate projects in real core areas are still very popular.

The most important thing is that no company is willing to sell such a core real estate project.

Therefore, it doesn’t matter if you lose money now. Core real estate projects with huge potential like this will not be able to be bought even with money in the future.

After explaining these things, Li Yi had a phone call with Li Jiuying again.

This time Li Yi asked Li Jiuying to resume gold shipments starting from tomorrow, increasing from the current 50 kilograms per day to 100 kilograms, and increasing by 50 kilograms every day in the future.

Although he didn't understand why Li Yi did this, Li Jiuying knew that it was time to fight back.

Immediately, he immediately brought the 1.1 tons of gold back to his warehouse from Wan Chai Pier, and asked all his gold shops to post announcements: Increase gold supply!
As soon as the news about the Li family came out, it caused quite a stir.
(End of this chapter)