Hong Kong's new giants

"You can go to Singapore to investigate first!"

"Oh, Singapore?"

"Well, let's go on a trip. I don't have any good ideas for you for a while. You're not a business student, so do your own research first!"

"Oh"

……

In the evening, Lin Zuyao asked Fang Jin to have dinner together and brought Li Zhi with him.

In the hotel's box, Fang Jin said happily, "Boss, sister-in-law!"

Lin Zuhui nodded!

Li Zhi was a little proud, and happily replied: "Hello!"

We introduced each other, and then we ordered.

After ordering, Fang Jin said flatteringly: "Big brother has such a good vision, this wave of stock market really only has more than 3000 points!"

It's far away. Lin Zuhui and stockholders predicted 3000 points back then, but it actually rose to 3900 points.However, Fang Jin will flatter, so naturally he said so.

Lin Zuhui smiled and said, "Did you lose money?"

Fang Jin joked to himself: "My hands are cheap. Seeing that the market is hot, I bought several million dollars in goods. But I invest in blue chip stocks, so I treat it as a long-term investment."

Lin Zuhui nodded, it is normal to win and lose.

"How is the real estate flipping business doing recently?"

"Before the stock market crash, I made a lot of money, more than 2000 million. But now I have a lot of properties in my hand, and I have lost a little bit. I don't know what will happen next?"

After Fang Jin finished speaking, he looked at Lin Zuhui, hoping for advice.

Lin Zuhui said casually: "It's normal to have ups and downs. Since it has fallen, you have to buy it! Houses are hard currency, which is better than gold. As long as you control your financial liabilities, it will be difficult to lose money!"

Fang Jin said happily: "Thank you, sir, for your guidance!"

Although he didn't say anything clearly, Fang Jin also analyzed something useful from a few words.

Lin Zuhui waved his hand and said, "My girlfriend wants to speculate in real estate. Next month, you can introduce her to some high-quality real estate on this island, and then the procedures will be completed!"

Lin Zuhui was worried that the relationship between the two would be leaked when he introduced someone else as an intermediary. Fang Jin opened a construction company (decoration) and an intermediary agency, which also had house listings.

Fang Jin was overjoyed, the boss introduced her girlfriend to speculate in real estate, and he immediately grasped the key point, that is, real estate has to rise, and it will not be slumped because of the stock market crash.

"Okay, I will definitely do this for my sister-in-law!"

Li Zhi said shyly, "Thank you then!"

This sister-in-law's cry made her feel elated.

Chapter 218 [Lin's Palace]

Early December.

After the 'Acquisitions and Mergers Committee' encouraged acquisitions and mergers in the stock market (stimulating the stock market), China Land took the lead and announced: at a price of 3.2 yuan per share (a premium of 23%), it initiated the acquisition of Futura International, with a target of 34% After the completion of the acquisition, Futura International will still maintain its listed status, and the acquisition will use 2.18 million funds.

For a while, it received enthusiastic response from the minority shareholders of Futura International, which had a certain stimulating effect on the entire market.

As for the bailout action launched by Li Chaoren, it had already been conditionally purchased by the "Acquisition and Merger Committee", but after discussion, everyone temporarily changed their minds and decided to jointly buy 15000 futures contracts, and Lin Zuhui personally subscribed for 3000.

……

In the office of Huaren Real Estate, Lin Zuhui was looking through the asset statement of Futura International, and he was in a very good mood.

Futura International's investment in properties in the United States is very rich, with total assets of nearly 10 billion, liabilities of less than 2 million, and a net asset value of up to 8 million; it is equivalent to the acquisition of Futura International at a premium by Chinese real estate, and the net asset value of its stocks still has no loss , but still profitable.

After a while, Gao Yi, the general manager of China Real Estate, and Zheng Xuebin, the general manager of Futura International, came to Lin Zuhui's office together.

Zheng Xuebin was originally the general manager of Futura International. After the acquisition of Futura International by Chinese Real Estate, he was not laid off. He only sent three directors to the board of directors of Futura International.

Of course, after the acquisition, it must be digested. This is Lin Zuhui's consistent style.

"boss!"

"Well, sit down!"

After everyone sat down, Lin Zuhui said: "Futura International's original conservative management has escaped the stock market crash. But this stock market crash has a great impact on the US economy, and it is an opportunity for Futura International. So, next year, I plan to invest in a commercial office center in Los Angeles. You should go and investigate more, and then come up with a plan for me!"

"Okay!" the two said in unison.

Gao Yi added: "Boss, I suggest that during this period of time, we should appoint senior staff from China Real Estate to carry out a new look on Futura International, so as to lay a solid foundation for Futura International's development next year!"

Chinese Land is an efficient investment property company. Its senior staff have very rich real estate experience. Even simple rent collection can reflect the quality and management of a company.

Lin Zuhui nodded, affirming Gao Yi's statement: "Well, it's very necessary! It's not my Lin Zuhui's style to just buy but not digest. The two of you start this matter. I hope that after three months, I can see the difference. The same Futura International!"

"Yes, boss!"

The two answered confidently and passionately, which made Lin Zuhui very satisfied.

As his subordinates, everyone should understand a truth, that is, the company needs to develop and develop rapidly; if anyone can't keep up with the pace, they will only have the fate of being eliminated.

Futura International's investment in a commercial office center in Los Angeles next year is a relatively large project and requires a lot of money. Lin Zuhui plans to raise funds through loans and rights issues.

After the two left, Lin Zuhui thought about the structure of the new era department!

It's time to develop into a comprehensive group. For listed companies such as Cheung Kong, New World, and Sun Hung Kai, the group not only has real estate business, but also other comprehensive businesses.

For example, New World has container business (into the shareholder’s overseas container), shipping, and communications, not to mention the large Xiangjiang construction company-Xiexing Construction, Songdian Engineering, Jiading Engineering, Fuji Decoration Engineering, etc., which can be modernized. Buildings include commercial buildings, hotels, and high-end residences, providing comprehensive services from engineering planning, design, drawing, electrical engineering, architectural engineering, and interior decoration.

Not only that, they have already extended their tentacles overseas, while New Era Real Estate has just started!

Thinking of this, Lin Zuhui decided to prepare for a group meeting to announce the group's general policy expansion.

……

Lin Zuhui came to Hengjin Investment Company. The company was originally named "Hengjin Securities", which is equivalent to the private investment company of Lin Zuhui's family. Because the business is no longer limited to financial business, but gradually extended to the investment field, it was renamed "Hengjin Investment".

During the meeting, Lin Zuhui listened to reports from several core executives.

Qiaohui reported: "BOSS, this time we shorted the Dow Jones Industrial Index and made a total profit of 9.2 million Hong Kong dollars, and returned funds of 13.7 billion Hong Kong dollars... At present, 13 billion Hong Kong dollars have arrived in Hong Kong's account, and the remaining 7000 million Hong Kong dollars are used in the United States. Securities investment... Hengjin Investment has established branches in New York, Los Angeles, and Vancouver, Canada, and is continuing to recruit business investment talents, and it is expected to meet your needs by the end of the year!"

Robert Hui reported: "Boss, this time we shorted the FTSE index and made a total profit of 3.5 million Hong Kong dollars, and returned funds of 6.5 million Hong Kong dollars..."

Wu Guominghui reported: "Boss, we short-sell the Singapore index...short-sell the Japan index...the two places made a total of 7.5 million Hong Kong dollars in profits, and returned 13.5 billion Hong Kong dollars..."

Li Haohui reported: "Boss, we made a profit of 1.5 million by shorting the Hang Seng Index and returned 2.2 million..."

After Lin Zuhui listened to the report, he calculated that he had made a total of 21.5 billion in profits and 36 billion in cash from short selling the global stock market this time.

The funds have already been secured, and Lin Zuhui has a smile on his face.

Then, Lin Zuhui arranged for the American and British branches to develop in the direction of commercial investment as the mainstay and financial investment as the supplementary one, and provide himself with excellent investment project suggestions.

After the meeting, Lin Zuhui summoned Li Hao and Wu Guoming in the office.

"I am very optimistic about Japan's securities market and real estate market in the next two years. I plan to spend 30 billion Hong Kong dollars to invest in the Japanese securities market, and I will also make five times leveraged investment."

Lin Zuhui's words surprised the two of them. The boss is addicted to venture capital, but the two did not advise them, because they felt that they were not qualified. In their hearts, Lin Zuhui was called the god of investment. This time, he accurately predicted the global stock market crash. .

Moreover, the appreciation of the yen has driven the expansion of the Japanese domestic economy, which is also well-founded.

Wu Guoming said: "Then the Japanese branch has to expand, boss!"

Lin Zuhui nodded and said, "Yes, you can handle this right away. Li Hao, you also participate."

Li Hao can be regarded as Lin Zuhui's deputy, so he is also considered to be half a level higher than Wu Guoming.

"Okay, boss!"

Lin Zuhui urged: "Speed ​​up, give me the stock plan that is most worth investing in Japan before the end of the year, and remember to consider stocks in the two industries of electronics and real estate! Also, to disperse a number of Japanese securities companies, it is best to We only consider it when we provide five times leverage.”

"Okay, boss!"

Before short-selling futures, there are already many offshore companies invested by Hengjin in these countries, so there is no need to bother.

The two quickly took orders and went down to make arrangements!

林祖辉在办公室陷入思考中：他记得股灾之后，日经225从20000点，抵达1989年12月的39000点，两年升水近100％。

Assuming that the stocks are not wrongly selected, the five-fold leverage can be increased by 10 times, and 30 billion can be turned into 180 billion.

In 1989, the market value of the Japanese stock market reached 4.5 trillion US dollars, surpassing the 4 trillion US dollars of the US stock market; a mere 25 billion US dollars, what is it!

Of course, Lin Zuhui has a full cash flow of 80 billion this year, and only invested 30 billion in the Japanese market, which is just a diversification of investment, not putting all eggs in one basket.

For the remaining 50 billion, reconsider the investment direction, and consider financial products as little as possible, there are risks!

……

……

A new week begins.

Lin Zuhui came to the office early, first read the newspaper for a while, and then began to think while writing.

This time the stock market crashed the most by 3960% (the Hang Seng Index’s highest was 1980 and the lowest was 10), so the property market would be dragged down, which was expected.However, this storm affected real estate prices by only 15% to [-]%, and the decline in high-quality properties was even lower, which was beyond everyone's surprise.

Of course, the vast majority of businessmen are still unable to make a judgment. After all, the panic in the market is still there, and everyone is worried that real estate will not fall.

But Lin Zuhui already knew that he could buy the bottom!

After a while, three horse-drawn carriages came to Lin Zuhui's office together, which is a weekly practice.

Lin Zuhui said: "The Hong Kong government is now granting 30 square feet of land every quarter (it is land in the New Territories, not including official land auctions), isn't it?"

Liang Zhenxun quickly replied: "Yes!"

"Well, from now on, try our best to get more land in the New Territories through our land exchange rights and interests, as reserve land!"

"Ok!"

Then, Lin Zuhui asked again: "The New Territories exchange land rights and interests, what is the decrease?"

"Type B Land Exchange Rights and Interests Letter", or Letter B.The Hong Kong government expropriated farmland from farmers in the New Territories for various development purposes. The exchange condition was that the farmland would be collected first, and then land that could be built on houses would be allocated to them in exchange. Usually, two and a half feet of farmland would be exchanged for one foot of housing land.Farmers hold a piece of land exchange rights and interests, and can only exchange land for development in the future. There is basically nothing they can do to do practical and affordable work right now.

Real estate developers noticed this situation, so they negotiated with farmers and bought their land exchange rights in cash, which was generally welcomed by farmers.Purchasing a land exchange right is much cheaper than the government auctioning official land. As long as you wait patiently for the announcement of the land exchange, there will be a large piece of cheaply purchased land available for building buildings.

"A drop of 25% to 30%, and there may be a drop!"

Lin Zuhui immediately said: "Well, let's start buying! From now until June next year, it is a good time for us to increase our land reserves in large quantities. I have a guess that the overall increase in real estate next year may be the same as in 6. It will reach 1985% to 26%. Therefore, in addition to the company’s 20 billion cash flow as the purchase of land reserves, I will also borrow [-] billion from the bank for this round of development!”

The three of them were shocked. This made New Era Real Estate's debt soar to 43 billion!

However, banks have started to cut interest rates again, currently only 9% ([-]%), which is very good news for real estate developers.

What's more, Lin Zuhui knows that bank interest may drop to 8% next year.

Chen Bin immediately said: "If this is the case, then we need to increase the development site by another 8%, and strive for the net profit of real estate development next year to reach 10 million to [-] billion!"

Lin Zuhui asked: "Are there enough senior staff for real estate development?"

Chen Bin said: "Enough, if not enough, you can quickly recruit!"

"Okay, let's increase the construction site!"

If the situation can be predicted, it is only natural to make adjustments.

Taking Henderson Land as an example, its real estate sales area in 1986 was the sum of 1985 and 1984. This is the result of Lee Shau Kee's rapid layout when he saw real estate rising.

And Lin Zuhui also took advantage of the time when everyone was afraid of the stock market crash, and quickly deployed the real estate bull market from 1988 to the first half of 1989.

More than 40 billion huge funds are used to purchase land and old buildings, which is a very huge investment.At present, the unit price of the New Territories land exchange right is less than 1000 yuan per square foot (real data). Assuming that all the land in the New Territories is purchased, it can buy almost 500 million square feet of land in the New Territories.

Of course, it is impossible for so many land exchange rights to flow out in the market in a short period of time, so more than half of them must be buying land and old buildings in Hong Kong and Kowloon.

Although the new era may have to pay 4 million yuan in interest every year, it is reasonable if the annual profit is around 10 billion (including net profit from rent collection); because the land reserve in the new era is an increase that can be seen with the naked eye.

Once in the 90s, the land bank of New Era Real Estate was second only to Sun Hung Kai (off-topic: 3250 million square feet), higher than Henderson Land (1650 million square feet); then, New Era Real Estate could be proud of Hong Kong.

Moreover, although the interest of 4 million is high, Lin Zuhui will still find a way to earn some non-recurring profits. It doesn't need much, just reduce the interest pressure.

This is the development plan of New Era Real Estate for the remaining two years in the 80s!

The same is true for Chinese real estate, who do not hesitate to borrow heavily to purchase high-quality rental properties. Before the 90s, there was no need to consider interest engulfing profits;

The most troublesome thing for Lin Zuhui is of course Cathay City. This time, the market value has dropped by more than 4%, and it is currently only 12 billion.

要知道，此时国泰城市的资产值为：收租物业4亿、现金3亿、富丽华酒店51％股份（价值6亿）、大酒店34％股份（价值20亿）。

The asset value is as high as 33 billion, while the debt is only 10 billion!

The reason is simple: Many investors believe that big hotels cannot bring stable dividends to Cathay City in the short term.