Hong Kong Island Comic Master

Chapter 261 Chaebol Candidate
Starting from the early 80s, due to problems about the future of Hong Kong Island and the stock market crash, the Hong Kong dollar began to depreciate, which was known as the "Hong Kong dollar crisis" in history.

When the time came to September 1983, the crisis had reached its most dangerous stage. After "Black Saturday", the Hong Kong dollar fell to a historical low of 9.6 Hong Kong dollars to one US dollar.

In order to save the financial system of Hong Kong Island, on October 10, the Hong Kong Island government announced the linked exchange rate system, and the Hong Kong dollar was pegged to the U.S. dollar, with the exchange rate set at 15 Hong Kong dollars to 7.8 U.S. dollar.

At this point, the Hong Kong dollar crisis has been temporarily resolved.

However, before that, Li Wannian's investment company had already made a huge profit by relying on the exchange rate difference.

And this is just a small amount of money made by investment companies relying on this stock market crash. The real big money is still to come.

On the same day that the Hong Kong Island government announced the linked exchange rate system, a piece of news emerged that shocked the financial circles of Hong Kong Island.

DreamWorks acquired 3.6% of Sun Hung Kai Bank for NT$75 million.

Sun Hung Kai Bank, later Fubon Bank, formerly known as Sun Hung Kai Financial, was established in Hong Kong Island in 1970 by Feng Jingxi. It was listed on the Hong Kong Stock Exchange in 1979 and was upgraded to a licensed bank in March 1982.

Its holding company is Sun Hung Kai Corporation, also founded by Feng Jingxi.

In 1978 and 1980, the company introduced the French Perida Group and the American Merrill Lynch (each holding 20% ​​of the company's equity) as strategic shareholders to jointly develop a "transnational financial supermarket".

However, in the 1980s, with the real estate collapse and banking crisis, Sun Hung Kai Bank faced the problem of insufficient funds and a large loss of deposits.

Even in September this year, there were bank runs.

In such a critical situation, Feng Jingxi faced Li Wannian's offer of a premium acquisition, and finally had no choice but to agree and use the money to save his other properties.

At this point, the Li family finally completed the most important step from company to group and had a bank of their own.

Just when everyone was shocked by the Li family's generosity, Li Wannian and Li Wanshan welcomed a middle-aged man to the golf course.

This person is not tall, has a decent appearance, and looks gentle, but he has a bit of a crazy critic in his heart.

"Mr. Li San, it's a pleasure to meet you, it's a pleasure to meet you!"

Li Wanshui took the lead and shook hands with him.

"Mr. Li, you're welcome. Everyone's surname is Li, and we are all friends. We can't bear the title of Third Young Master. How many years older than you are I, so it's not an exaggeration to call me brother, right?"

The visitor shook hands with Li Wanshui equally politely.

This person's name is Li Fook, and he is the third son of the Li family in Hong Kong Island.

There are many rich people in Hong Kong whose surname is Li, but the one that can truly be called a wealthy family is Li Fook's Li family. Compared with him, Li Chaoren and Li Stock God are both nouveau riche.

Many people know that there are four rich families in Hong Kong Island, the old and the new. Among them, the old four families are the He family, the Xu family, the Li family, and the Luo family.

Among the four old families, the others have declined. Only the Li family has spread in Hong Kong. It has not only succeeded in the business world, but also in the political world. It has been passed down to the third generation. .

There are three heirs in this third generation, namely Li Guanchun's three sons, Li Fushu, Li Fuqiu and Li Fucheng.

The Li Fucheng in front of me has been very smart since he was a child. He knows how to trade stocks at the age of six, and he is very good at it.After graduating from the University of Hong Kong, he studied in the United States, obtained an MBA from the University of Pennsylvania, and obtained the qualification of an accountant.

Founded the Far East Exchange in 1969 and served as its first chairman.

Later, he was elected as the chairman of the Stock Exchange and was called the "godfather of the stock market."

"No problem, Brother Fufu, this is my third brother, Li Wannian!"

"No introduction is needed. I am very familiar with Wan Nian. He is a famous cartoonist and the light of the Chinese people!"

With a sincere smile on his face, Li Fucheng shook hands with Li Wannian.

Li Wannian was a little surprised that Li Fucheng was so polite. After shaking hands, he couldn't help but glance at Li Wanshui. His eyes seemed to say: Don't you think this man is very smart?Why do you look so stupid?Are you going to sell us your shares and feel as happy as eating honey shit?
Li Wanshui gave him a look in return: Don't think too much, this man is willing to be slaughtered, of course he has his reasons, how could he be a fool?
This time, the reason why the two invited Li Fucheng to play golf was naturally because they were concerned about his shares in Chinese Real Estate.

Chinese Real Estate is an old real estate company on Hong Kong Island. It was established in 1922 by the Li family, one of the four major families on Hong Kong Island, and the Fung family, another wealthy family on Hong Kong Island.

After 60 years of ups and downs, the real estate company has now passed into the hands of the three brothers, Li Fucheng, each of whom holds a part of the shares.

Logically speaking, these brothers are all very good, and their abilities are considered top-notch among ordinary large families. However, there is only one problem, and that is that the third child is at odds with his two elder brothers.

"By the way, Brother Fufu, do you want to play a round?"

"Forget it, aren't you just here to sign the contract? Why are you playing golf?"

Li Fucheng's words surprised Li Wannian and Li Wanshui. Why was the seller more anxious than the buyer?

The reason why Li Fucheng can say such things is not because he is stupid. On the contrary, he is very smart!
At present, the struggle within Chinese Real Estate is very fierce. The Feng and Li families, who are both descendants of the founders, are fighting very fiercely.

As a result, during the internal fighting on the Li family's side, Li Fucheng was kicked out first.

Under such circumstances, Li Fucheng chose to bring in outsiders to intensify the fight, obviously with different intentions.

"Since you have said so, Brother Fufu, then of course I would rather obey you than obey your orders!"

Li Wanshui immediately stopped being polite and invited Li Fucheng into the box, where the documents, paper and pen were all ready.

Half an hour later, both parties walked out of the private room with cheerful faces. "I made a profit" was written on both sides' faces!
Needless to say, Li Wanshan and Li Wannian, with the completion of Li Fuchuan's share acquisition, plus the retail shares purchased by the two from the stock market, their shareholding has reached 18%. In one sentence, they have become the second largest Chinese real estate company after Feng and Li. the third largest shareholding.

On Li Fucheng's side, he thought: Since he was out, he couldn't make his two brothers feel better. The two brothers in front of him looked like hungry wolves, and they would never be satisfied with this. Point shares.

When Chinese Real Estate welcomed the two brothers Li Wannian, it was like a spark falling into a powder keg, and the explosion caused was definitely a good show.

In this way, both sides held hands together again with their own motives.

No matter what the other party's motives were, in short, with Li Fucheng's help, the Li family group not only owned a bank, but also a real estate company, and this was just the beginning of their acquisition journey.

After that, they also purchased buildings, playgrounds and other assets. Such acquisitions continued for nearly a year. The Li family's assets also expanded rapidly during this acquisition. After a year, the Li family's assets exceeded [-] million. [-] million mark, and became a candidate for Hong Kong Island's chaebol in one fell swoop.

(End of this chapter)