Wolf of Xiangjiang

Time flies, and it is 2008 in a blink of an eye. This year is an unforgettable year for all Chinese people.

In January, a "small stock market crash" broke out around the world.

In mid-January, the global financial market was shaken by market concerns about the US economic recession, the uncontrollable US subprime crisis, and the large liquidation of European stock index futures by Jerome Kerviel, a trader of Societe Generale, who was suspected of violating regulations. On January 1, the London Financial Times 1 Index, the Paris CAC 21 Index, the Frankfurt DAX Index, the Singapore Straits Times Index, the Hong Kong Hang Seng Index, and the Shanghai Composite Index all fell by more than 100%.

The Hang Seng Index started to fall in November last year. 11 was a prosperous year for all the major economies in the world, with strong economy and booming investment. In October, the Hang Seng Index reached a high of 2007 points, but it began to fall in November. At that time, the market had already paid attention to the US subprime mortgage crisis, but the basic economic data of the US and Hong Kong were still very good. The market believed that the correction of the Dow and Hang Seng Index was only technical, and they finally closed at 10 points.

但是到了2008年1月之后，开始风云突变。恒指在1月14到1月16号三天间跌掉了接近3500点，市值相当于消失近1/10。

of course.

Lin Zhengjie also understood that the global financial crisis would not really break out until the second half of the year, and this was just an appetizer.

Moreover, in March and April of this year, listed companies in Hong Kong and even the world will hand in a high-scoring answer sheet - last year's profits were very ideal; in this way, the Hong Kong stock market can at least be stable until May.

As for the current Hong Kong stock market of 31500 points, it is actually just the same data as the same period in September last year, which cannot be considered a big drop.

Sunday, May 1.

Lin Zhengjie came to No. 75 Deep Water Bay and spent the weekend with the second wife's family.

In the morning, everyone gathered in the living room on the first floor to chat.

Earlier this month, Lin Wenyi, the eldest son of the second wife, and his wife Zhou Huijun gave birth to a son. Lin Zhengjie named this grandson "Lin Shoujing".

Zhou Huijun is from Hong Kong. Her parents are also in business. Of course, their family is only of moderate means. After she returned to Hong Kong from studying in the UK, she met Lin Wenyi through a friend. They dated for more than three years and got married last spring.

The main reason is that Lin Wenyi adheres to the "feudal rules" and believes in order of seniority, otherwise he might get married and have children at least a year earlier.

Today, Ma Mei-yin and Lam Man-kai also returned to the villa for a family reunion. Ma Mei-yin usually lives in the Peak villa, while Lam Man-kai returned to Hong Kong for vacation.

Lin Zhengjie and Ma Yawen have the same idea about the second branch, that is, the three siblings should share the responsibility, and there is no need for the president to be a professional manager.

It's very simple. First, the three siblings are all successful, especially Lin Wenyi, who has the demeanor of a leader. Second, the three siblings have a good relationship and there is no need to split up the family. Third, Chinese Estates' business is single. Except for the jewelry industry, the rest are real estate industries, and are currently mainly concentrated in Hong Kong and the Mainland.

Chinese Estates specializes in commercial real estate, and if it invests in residential properties in Hong Kong, it is usually in partnership with others. Taifook Group may not necessarily seek cooperation with it, but other Hong Kong financial groups, such as Sino and Nan Fung, will seek Chinese Estates. It is not because of Lam Ching Kit, but because Chinese Estates has cash flow, so it is normal for them to cooperate together.

Currently, real estate development in Hong Kong is highly monopolized by four major developers. If other developers want to get a piece of the pie, the best way is to make joint bids and share risks.

Ma Meinyin couldn't let go of Lin Shoujing, who had been holding her for twenty days. Thinking that they might not have children in this life, she loved Lin Shoujing even more.

Lin Wenyi took a look and sighed in his heart, lamenting that Ma Meiyin met the wrong person when she was young. He also thought of his aunt Lin Jiaxuan, who was indeed a man of insight, and his uncle Zheng Haibing, who was not only talented but also treated his wife with respect, and they had a very good relationship for many years.

At this time, Lin Zhengjie took out a bank card and said, "Huijun, this is the 10 billion Hong Kong dollars that your mother and I gave to you two as a small treasury."

It didn't say it was a reward for having a child, but it was pretty much the same thing. In other words, the couple also had to have their own little treasury.

In fact, the money was paid by Maya Wen. She has been very rich recently and just cashed out 6 million US dollars from the US stock market.

Although Zhou Huijun really wanted to accept it, she still glanced at her husband.

Lin Wenyi said: "Mom and Dad, didn't you give me more than 200 million a few years ago? We don't have big expenses normally. Whether it's the money given by the family office a year or my salary, it's already a lot!"

The family office earns 3600 million per person per year. Now that he has a son, he can get 7200 million per year (people who are not blood relatives do not get it). In addition, he is already a director of Chinese Estates Holdings, and his annual salary is also in the millions.

"Just take it. This is your mother's money. Besides, it is necessary to set up a small treasury. It also tests your investment and financial management skills."

In addition to controlling 60% of Chinese Land Holdings, Ma Yawen's private investment company also has many assets, so there is no need for Lin Zhengjie to pay.

"Thank you, Mom and Dad."

Zhou Huijun then took it and said, "Thank you, Mom and Dad."

At this time, Lin Wenkai joked: "Brother, sister-in-law, you should keep a close eye on your money. The subprime mortgage crisis in the United States is having a huge impact, and the economy is starting to decline. According to my dad's prediction, this could be a global economic crisis!"

Lin Zhengjie laughed and said, "Why did I predict a global economic crisis?"

He really didn't say that to his son!
Lin Wenkai immediately said confidently: "Now people are saying that you sold off a lot of assets last year because you are not optimistic about the future economic trend. I think you are right."

Lin Zhengjie then nodded in satisfaction. Although many people knew that he was cashing out, these people would not think that Lin Zhengjie was right. Or they might think that Lin Zhengjie was just making a fuss over nothing. It was nothing more than a technical adjustment, but he had to make a big move.

"Let's see at the end of the year. By the way, you will quit in June, which will be just the right time for you to work for two years. Then you can return to Chinese Estates and help your mother with your sister and brother."

Lin Wenkai immediately said excitedly: "Should we look for an opportunity to buy assets in Europe and the United States at a bargain price?"

Ma Yawen said bluntly: "That has nothing to do with you. If you return to Chinese Estates, you will at most be a middle-level executive, a manager who executes orders, not a senior executive who participates in formulating orders."

Lin Wenkai didn't dare to speak immediately. The children of his 14 wives and concubines were all afraid of their mother.

Because these women were entrusted by Lin Zhengjie to educate the children well, they had to act as strict mothers.

"Take your time. If you have any good suggestions, you can of course submit them to your superiors! No matter where you work, you will be promoted based on both your qualifications and abilities!"

After all, you are only 24 years old. Even if you have trained in the United States for two years, you can't directly become a senior executive. It took four years for the two elder brothers to become company directors.

"Understood, father!"

In March, three listed companies of Taifook Group held their annual financial report meetings, becoming the focus of global media attention.

The result did not disappoint. Taifook Group's total profit exceeded ExxonMobil, becoming the world's most profitable company. Of course, it is undeniable that Taifook Group sold a lot of assets in the past year, which made the total profit of Taifook Group reach 488 billion US dollars, which is 90 billion US dollars more than ExxonMobil. Of course, the three companies are listed companies, so they are calculated separately in the end. Taifook Group made a profit of 2007 billion US dollars in 260.

Of Taifook Group's profits, US$150 billion is non-normal profit, namely profit from the sale of assets (not recovered funds); the remaining US$110 billion is normal profit, which is similar to last year.

Because although the global economy was at its best last year, Taifook Group sold so many assets, which naturally had an impact.

At the press conference, Taifook Group announced its dividend plan for the first half of the year, and the company decided to distribute HK$210 billion in dividends.

The company normally makes US$110 billion, or HK$880 billion, a year, and it expects to distribute HK$400 billion in dividends throughout the year, which means almost half of the profit is distributed as dividends. This is very generous in the past two years.

Of course, we also need to see that the highest market value of Taifook Group is HK$1.5 trillion, and it still has a market value of HK$1 trillion at present. So based on the market value, the annual return rate is 4%, which is actually very generous.

"Mr. Lin, we see that Taifu Group still has a fairly high cash flow in its account. What are your plans for this money?"

Lin Zhengjie knew that reporters and the public would pay attention to this matter.

"It is very important for modern enterprises to maintain sufficient cash flow. So we have a lot of funds in hand and can enter other industries at any time, or buy cheap assets in the market at the bottom."

Reporter: "According to our previous investigation, Taifook Group always cashes out a large amount of assets before danger, thus obtaining a large amount of cash flow. Excuse me, do you have a better vision than others?"

Lin Zhengjie: "A person's energy is limited, so it may be that I have more helpers than others. They are distributed in 66 countries around the world. When they transmit various information to me, it must be faster than other companies. Of course, an entrepreneur must also have a good vision!"

What this means is that it is not the credit of one's own work, but the credit of the entire team.

There is always a saying on the Internet in the future that Lin Zhengjie is a time traveler. But this statement will not be mainstream because it goes against science.

As major listed companies released excellent results, the Hong Kong stock market began to rebound in March, and subsequently rose by nearly 3 points to reach 3000 points.

At this point, many people still did not realize that the global financial crisis had hit, little knowing that this was its last afterglow.

In the following period, global stock markets indeed entered a state of sharp decline.

There is no doubt that 2008 was a "disaster year" in the history of world finance. However, in the first half of the year, many American economists still had expectations for "economic decoupling", believing that the growth of the economic strength of China, India, the European Union and other parts of the world could help the United States get rid of the domestic subprime mortgage crisis.

In fact, the market does not buy into the “decoupling theory”. Although the economic data released by China and the European Union are better than those of the United States, European and Asian stock markets are still in “free fall”, and the decline is even much greater than that of the United States.

Statistics show that although the three major stock indexes in New York have all fallen back to the levels of 10 years ago, the decline is far smaller than in other regions.

Some analysts pointed out that this is mainly because the stock market is only one aspect of the global economy, and it is closely linked to the foreign exchange market, the property market, and the commodity futures market. When the capital chain of US investment institutions in their home country has problems, they have to sell off overseas assets through low leverage, resulting in a serious withdrawal of foreign capital from emerging markets.

Especially since August, the global stock market has been falling like an iceberg.

The financial crisis finally broke out.

At this moment, Lin Zhengjie once again experienced a different kind of happiness, which was watching others lose money and being glad that he had escaped early.

Of course, it is worth mentioning that Lin Zhengjie is also losing a lot of book assets every day. For example, Taifook Group's market value was originally more than 1 trillion, but it soon fell below 8000 trillion, and then fell below billion.
In addition, Lin Zhengjie only cashed out 40% to 70% of the funds he invested in the stock market (more cash was cashed out in the Hong Kong market), so he is also losing a lot of wealth.

But these are not enough. It is like a company that cannot close down after knowing there are risks. The cash flow of Lin Zhengjie and his companies is the real killer.

end of June.

'Yunfengju' on the top of Mount Gofu has always been the gathering place of Lin Zhengjie's family. It is usually heavily guarded, and a private road is enough to block those bad guys who want to get close.

In the indoor swimming pool of Yunfengju, Lin Zhengjie is enjoying the coolness with Ma Yawen and Ma Meinyin.

Recently, Ma Yawen regained Lin Zhengjie's favor because she also picked up another one.

"Recently, the debt of Citibank has fallen sharply. The original face value of 100 US dollars is now only 20 or US dollars. You two should discuss and invest billion Hong Kong dollars. Once the economy picks up, it will be no problem to make one or two times the profit."

Mayawen joked: "Such a good thing actually happened to me!"

She felt that she had done her best to win the favor of this man. She didn't really care about money, but about men.

Lin Zhengjie said bluntly: "Let Meiyin earn more!"

Maya Wen said jealously: "Why does she make so much money?"

Lin Zhengjie whispered, "Meiyin wants a child?"

Maya Wen was shocked and said, "Crazy, you two are crazy!"

Lin Zhengjie said: "Don't worry, Meiyin wants to adopt a child from the mainland!"

When Mayawen heard this, she did not believe the meaning of this sentence itself, because she knew it was impossible, because Lin Zhengjie had no shortage of children, and it was even more impossible for him to give money to a child who was not related to him by blood.

Soon, he thought of something and said, "You mean, let Meiyin give birth to the child in the mainland? Tell others that they adopted the child."

"How about it?"

"It's not impossible. Meiyin has been developing Xie Liyuan in the mainland for a long time anyway. It would be best if she could stay in the mainland for a long time after she gets pregnant and not return to Hong Kong."

No problem!

The key is to solve the problem of Ma Meiyin having no heir! (End of this chapter)