Rebirth of Hong Kong's tycoons, shorting Eagle Sauce

In the backstage, Wang Zhengyi could no longer hide the smile on his face, and he smiled.

"Son, look at the smug faces of the foreigners, they really think they have taken advantage of our Wang family."

Wang Lei also showed a smug smile:

"After tomorrow's news comes out, it is estimated that the housing prices in Hong Kong City will usher in a new level. We just speed up the sale of the seaside villas on Lantau Island."

Wang Zheng also had to sigh that his son played this beautifully.

Not only did he throw away the heavy burden of Lantau Half City, but he also took advantage of the situation to drive up the housing prices of the seaside villas, which are expected to compete with the mid-level villas on Taiping Mountain.

"You will not survive if Charles, Guy and others were not determined to stop our Wang family, we would not have fallen to the end of taking over at a high price."

You should know that during this Dongzhou financial crisis, the housing prices in Hong Kong City continued to fall.

The decline was as high as 70% at one time, and it was not until around 2004 that there was a trend of recovery.

Until 2023, some luxury houses or real estate in remote areas that are not worthy of their name will still be 30-40% lower than the peak period in 1997!

It is conceivable how big the Hong Kong real estate bubble is.

Even if Charles finds a construction team to start construction, it is impossible to complete such a large project within three years.

With Charles's character, they would never be willing to sell the project before making a considerable profit after spending so much money on it.

Charles and Guy are very greedy, and it is this bad character that makes Wang Lei confident that he can kill them.

This opportunity is indeed rare. If the other party hadn't been biting him, Wang Lei really wouldn't have found such a good opportunity.

"A Lei, we got a total of 380 billion Hong Kong dollars in this auction!"

The new exchange rate policy announced by the Hong Kong government in 1983, that is, the fixed exchange rate of 7.8 Hong Kong dollars to 1 US dollar is linked to the US dollar.

Wang's Group has recovered a total of 48.7 billion US dollars this time!

"Dad, are you going to invest this money in US stocks?"

"Yes, I sent people to investigate Microsoft Group and Apple, and some technology giants. They are indeed very worthwhile to invest in.

Now is the best time to enter the market."

Wang Zhengyi also said:

"I also plan to enter the real estate industry in the United States, but we have many enemies, so we must be more careful.

So I plan to enter the market in the form of a trust, or use some capital as a white glove to enter the market.

Your Catherine is a good choice."

Seeing his father's joking look, Wang Lei smiled:

"That's good, Blackstone Group is indeed a trustworthy ally. With their help, our Wang's overseas investment is indeed worry-free."

"I also plan to increase investment in mainland real estate. Recently, Longguo has issued a new exchange rate policy. Many Hong Kong tycoons are eager to try and ask me for advice."

Wang Lei also knows the new exchange rate policy that Wang Zhengyi mentioned.

Because for a long time, the exchange rate of RMB against US dollars has been fixed.

Because of the decline of the big goose, the fixed exchange rate is much higher than the actual and black market exchange rate.

Some foreign capital and Chinese people with ulterior motives bought soft sister RMB at low prices and then sold it to Longguo Bank at high prices.

In this way, they made arbitrage.

Moreover, an excessively high exchange rate will lead to a stop in exports and an increase in imports, which is very unfavorable to the development of local enterprises.

It is better to buy ready-made ones from abroad than to make them yourself. This idea was born in such a big background.

So in 1994, Longguo issued a new exchange rate and simply lowered the exchange rate to the black market exchange rate.

The exchange rate was lowered to around 8.6.

It can be understood as an active devaluation.

This made many Hong Kong businessmen feel that investing in the mainland has huge prospects, and they took foreign exchange to buy properties in the mainland.

Wang Zhengyi naturally would not miss such a good opportunity.

"Alei, your layout in the retail industry has given me full confidence in the development of the mainland, so Wang's Real Estate has planned to enter second-tier cities, and the estimated investment will be as high as 10 billion US dollars!"

Wumart Supermarket and Guomao Supermarket, two retail chain companies, have exploded in a short period of time, which has greatly shocked Wang Zhengyi.

This has given this Hong Kong tycoon a new understanding of the consumption capacity of the mainland.

It has made Wang Zhengyi more determined to expand his investment.

Other Hong Kong businessmen are still testing the waters, but Wang Zhengyi has already started to jog.

"Alei, it seems that our Wang's funds are still not stable enough. Maybe we have to... borrow money from you again."

Wang Zhengyi felt very strange when he said this. When did this kid become the big money behind the Wang family?

He has even become accustomed to asking his son for money.

"Of course not.There is a problem. I plan to let Li Qilin open a Bailong branch in Gangcheng. I can give you a 20% discount on the interest rate! "

"I only get a 20% discount when I borrow money from you?"

Ignoring his angry father, Wang Lei answered a phone call and walked out.

He plans to go to Han Country.

He also wants to thank Charles and others for their tireless publicity.

Now the whole world knows that Wang Group has encountered a debt crisis.

If not now, when will it be.

So after the auction, he said goodbye to Bai Chaoqiong who was reluctant to leave, and boarded the plane to Seoul.

The call was from Jin Zhongxuan. After a few years of growth, he also took over the family business under the training of his father Jin.

The other party seemed to have something to hide, and didn't really want Wang Lei to visit Seoul.

From this posture, it seems that he doesn't want to pay back the debt?

The five-year agreement between the two parties was about to expire, and the other party chose to avoid it. This attitude made Wang Lei a little annoyed.

At the moment when the Wang family encountered a crisis, the indifferent attitude of the two allies of the Han Kingdom also disappointed Wang Lei.

So Wang Lei decided to make the two families bow down in front of him no matter what this time.

Get what he wants.

"Jin Zhongxuan, you really disappoint me."

"Brother, I can't help myself. Now I understand how heavy the burden is. For the sake of our relationship, can't you delay the debt a little longer?"

"One thing is one thing. If your father's attitude is more sincere, I won't be so anxious to ask for money. If it were you, do you think your family is honest in this matter? "

Jin Zhongxuan was speechless for a moment. If he was the chairman, he would help Wang Group through the difficulties even if he had to sell his family business at a low price, but he was not. In his father's eyes, he was just a child who had to be obedient.

He could not change any of Jin Yu's ideas at all.

"Brother, I will persuade my father. I hope you can give us some time."

"No need. I'm already on my way to Seoul. I'll come to Chairman Jin in person to have a good chat."

And the Samsung Lee family actually confined their woman Lee Boo-jin. This account must be settled.

The debts owed to him by both families must be paid back to him double!