Started from Hong Kong Island

Chapter 416 414 [This interest is none of my business]

After the Spring Festival in 83

The storm intensified, and seven companies that accepted deposits went bankrupt one after another. Even Sun Hung Kai Bank owned by Feng Jingxi was facing a crisis.

The reason is that the negotiations between the mainland and the UK have reached a deadlock. Many people have begun to change from waiting and watching to being anxious and worried, and a bigger storm is brewing rapidly.

What Li Wendi didn't expect was that Feng Jingxi didn't go to find his two brothers Guo Desheng and Li Zhaoji, but came to seek his help instead.

"Mr. Feng, it's not that I don't want to help you, but now a storm is coming and we are all in the center of it. In fact, Mr. Feng, you know very well that Sun Hung Kai Bank is beyond saving. I think what you need to save now is Sun Hung Kai Securities and its subsidiaries so that they are not affected." Li Wendi continued, "Of course, this is just my personal opinion."

Today's banks, especially private family banks, are at the center of the storm and anyone who enters will be crushed to pieces.

And it is obvious that Feng Jingxi has been rejected by Guo Desheng and Li Zhaoji.

"I understand what Mr. Li means, but I still want to save him." Feng Jingxi sighed.

"Mr. Feng, you need to stay calm at this time. You know it can't be saved, but you still want to push other companies together. If there are problems with all of them, the employees under you may lose their jobs." Li Wendi advised.

"Let's go find other strong banks for financing now, maybe it can be saved." Li Wendi suggested. The "save" here means that the control of Sun Hung Kai Bank is still in the hands of Feng Jingxi's family.

"That's all we can do." Feng Jingxi sighed. He was just trying his luck. After all, his friendship with Li Wendi was limited to business cooperation.

After Feng Jingxi left, Li Wendi summoned the company's senior management and held a small meeting.

"There are more and more people immigrating and fleeing for capital. There should be such people in the company as well. We need to pay attention to the stability of the company. If the impact is large, we can consider firing such people." Li Wendi looked around at all the senior executives and said seriously.

Although these people's positions are important, they are not irreplaceable. After all, there are many senior executives from companies facing bankruptcy who are looking for their next job. As long as Li Wendi spreads the word, the threshold will be trampled.

"Most of you here are old employees of Changxin, and have been with the company for 10 years. I will now give you a way to make a fortune. Housing prices in the second half of the year should fall to the lowest point. Those who have spare money can consider buying at the bottom. Of course, this does not mean buying at the bottom with a loan. You can invest as much as you have." Li Wendi expressed his optimistic view on Hong Kong's prospects.

"Boss, according to reports from Dah Hsin and Ho Po companies under Wheelock, many residents are hoarding various foods. There are rumors in the market that a war is about to break out. Should we make some preparations?" Wang Tichuan asked solemnly.

"Let Wheelock's shipping company help these two companies stock up on a large amount of daily food to prepare for this round of crisis." Li Wendi added, "We can come up with some preferential policies, such as a 500 yuan discount for purchases over 100 yuan."

"Boss, under the current circumstances, we can still have good sales even without discounts," said Wang Tichuan.

Li Wendi added, "This is a crisis, but also an opportunity. If we want to defeat our opponents, we must act at this time. Moreover, we will not suffer any loss. We can make small profits but quick turnover, and we can also take care of the business of our sister companies."

"Yes! I understand!" Wang Tichuan nodded in response.

"Bai Hui, your department must always pay attention to the exchange rates between Hong Kong's various currencies and Hong Kong dollars, including the exchange rate on the black market, and predict the trend of the exchange rate. We must convert the US dollars we hold into Hong Kong dollars at the most appropriate time." Li Wendi instructed. It seems like making a fortune from disasters, but in fact, if he doesn't do it, others will do more excessive things, and the profits are really too lucrative.

Changxin Group further tightened the funds of its subsidiaries to prepare for the next challenge. At the same time, Jianing Group was exposed to a greater financial crisis. The four major exchanges, with the assistance of the Securities Regulatory Commission and other departments, began to suspend the trading of three listed companies under Jianing Group. Chen Songqing was planning to restructure his debts, so he had to find another way.

So they set their sights on Yumin Bank. Chen Songqing had leverage over the bank's top management, and there had been many transactions between the two, so bribery was naturally involved.

This is an abuse of power for personal gain. According to Hong Kong law, the offender should be sentenced to more than 15 years in prison.

Mid-March
Zhao Congyan, the helmsman of Huaguang Shipping Company, ordered the mobilization of 7 million yuan to buy 6 large ships. Its senior staff explained that "it is most flexible to put the funds on the ships, and they can be transferred out of Hong Kong at any time."

The senior executive of Huaguang Shipping even boasted that "the world shipping industry will pick up momentum in 1985 and 1986. As the amount of ship scrapping increases, the supply and demand of ships will tend to balance. After self-regulation, ship rents and freight rates will return to the level of the late 70s."

These words made people in the shipping industry sneer. It is true that ships are assets that can be transferred at any time, but the recovery of the shipping industry may not be so optimistic.

Some reporters began to interview the reclusive charter king and asked him whether what the senior executives of Huaguang Shipping said made sense. The charter king just smiled and did not give any answer. It can be seen that the charter king is also not optimistic about the future of the shipping industry.

Miramar Hotel Tsim Sha Tsui

In the private room were the Miramar Hotel's helmsman Yang Zhiyun and his son Yang Bingzheng. Li Wendi was sitting next to them with a smile on her face.

Starlight Real Estate Company has officially taken over the old wing project of Miramar Hotel from Hong Kong Land Development and Carrian Group, but Yang Zhiyun is reluctant to acknowledge the 9.24 million yuan previously jointly paid by the two companies, and claims that Starlight Real Estate Company needs to pay another 28 billion yuan.

"Mr. Yang, the project has been handed over. As for how much money I spent to take it over from the Jardine Matheson Group and the Carrian Group, it has nothing to do with your company. According to the contract agreement, Starlight Real Estate Company still needs to pay 18.76 billion yuan to the Miramar Hotel." Li Wendi said with a straight face.

"What Mr. Li said is true, but since the payment of funds for this project has been overdue for a long time, do we need to pay interest?" Yang Zhiyun just wanted more money.

Li Wendi sneered and said, "This is not owed by Xingguang Real Estate Company. It is the interest that the Land Company and Jianing Group need to pay. Mr. Yang should go to them."

"Mr. Li, the Jardine Matheson Group and the Jianing Group have nothing to do with this project. I have already asked them and they told me to ask you for it. If I could collect the tens of millions of interest, I would not deny the 9.24 million yuan that I have already paid." There is some truth in what Yang Zhiyun said.

Just as Li Wendi was about to retort, a hearty voice came, "Haha! Sorry! I'm late."

The person who came was Zheng Yutong, who had a close relationship with Yang Zhiyun and also had a very close relationship with Li Wendi.

Zheng Yutong naturally understood the ins and outs of the matter, so he dared to come over to coordinate.

"Wendy, don't be anxious. Zhiyun and I are old friends, and we are all friends. There is no need to make things difficult when we meet." Zheng Yutong said with a faint smile.

"Uncle Tong, you have to pay tens of millions more in interest. This is not a small amount. If it's several million, I won't say anything." Li Wendi said with a bad face. Yang Zhiyun's move seemed like blackmail.

"Zhiyun, it's not right to let all the interest go to Wendy. Why don't we each take a step back and only charge 1000 million in interest. I'll pay 500 million on behalf of Wendy. What do you think?" Zheng Yutong advised.

(End of this chapter)