The Industrial Giant Reborn

7.8 is the same as the previous peak value of 10, even if rounded, but when converted into exchange rates, there is a huge difference.

Some people even mortgaged their properties or borrowed loan sharks just to exchange for more U.S. dollars. Before there were no U.S. dollars, they were worried about the plummeting Hong Kong dollar. But after they got the U.S. dollars, they immediately began to look forward to it because the Hong Kong dollar plummeted. They can make a lot of money, and this can also prove how correct their original decision was.

This kind of thinking is like many people in later generations who criticized the high housing prices. After they desperately bought a house, they immediately hoped that the housing prices would triple. It cannot be said wrong, it can only be said that it is human instinct to seek advantages and avoid disadvantages.

But no matter how you say it, this can be regarded as investment or speculation of your own choice. You have to admit your loss. Some people saw that they had suffered serious losses and went to Hisense Bank to make trouble. Naturally, they were taken away by the guarding police. Huo Jianning I had long thought that something like this might happen, and had invited the nearby police to patrol the area early.

The exchange rate crisis of the Hong Kong dollar seems to be over, but secretly, it is still turbulent. When a currency has problems, it will inevitably attract a lot of international hot money, just like carrion attracts hyenas. These hot money have been shorting the Hong Kong dollar before. , that is, they borrow the Hong Kong dollar when the exchange rate is high, sell it for US dollars, and then suppress the Hong Kong dollar through selling or various chaotic news. If the Hong Kong dollar collapses, they can spend a small amount of US dollars to buy back the Hong Kong dollars and return them to the borrower. That is completely It’s just blood earned.

Of course, these hot money capital is operated overseas, otherwise it would not be exchanged for US dollars. As a free currency, it is not difficult for the Wall Street people to short it.

Nowadays, the Hong Kong government has set the basic exchange rate, but it does not mean that it is stable. Those overseas capitals that have made heavy bets urgently need to continue to suppress the Hong Kong dollar. As long as the Hong Kong government cannot hold on, they will still make money.

However, these people also know that they cannot defeat the Hong Kong government with British support on their own. It is not that Wall Street cannot do it, but that they are only a small part of it.

As a result, these capitals began to promote large-scale immigration in Hong Kong and guide a large number of people in Hong Kong to exchange U.S. dollars with the Hong Kong government. If the number of these people becomes large, the Hong Kong government, even if the British are behind it, may not be able to bear it. Once this happens, it will It's a bigger exchange rate crisis.

However, Chen Zhiwen didn't care about this matter. According to the original historical development, the Hong Kong government obviously won and did not need his help. This matter had nothing to do with him.

What I need to do now is to sort out the huge gains in this month or so.

Although Chen Zhiwen was personally in charge of this matter, due to time constraints, both Hisense and Hutchison Whampoa were trying their best to complete the transaction. They often stayed up all night to do things. Chen Zhiwen also made the decision on some big things, but what about the small aspects? They all operate according to the rules set before.

Although it is a small transaction, the quantity is very large, and the total amount is quite large. Now that the busiest period has passed, it naturally takes some time to sort it out.

In the headquarters building of Hisense Bank, a group of people are calculating various information in the conference room. There are both calculators and computers, as well as unlimited supply of coffee and snacks to ensure the physical fitness of these actuaries.

Although they worked overtime continuously, everyone was very happy because their bonus income during this period almost caught up with their net income in the previous half year.

On the floor above them, Zhou Jiayang, Huo Jianning, and Chen Zhiwen were drinking coffee and tea and having a small meeting.

Yang Xiao of the Zhou family said: "Sheng Chen, the Hong Kong government has reached an agreement with us. The 17 pieces of land they had previously failed to auction were sold to us for US$250 million without any restrictions. They include both commercial and residential land. , here is the list.”

"250 million U.S. dollars? It's quite a lot." Chen Zhiwen nodded and said. Although the amount sounds high, since the real estate crisis last year, the Hong Kong government's land rankings have seen a lot of unsold land. Throughout the first half of 1983, The revenue was less than HK$300 million, while in the previous 1981 years, the revenue was HK$2 billion. In addition, in order to stimulate real estate, the quantity and quality of land launched this year are much higher than in previous years.

"If we put it in 1981, the value of these lands would have been worth 4-5 billion," said Yang Xiao of the Zhou family.

"The current US$250 million is almost equivalent to HK$2 billion. In other words, we have won these lands at half price." Chen Zhiwen said.

"It's almost the same, but the most important thing is that there are no additional requirements. If this is clearly stated in the bidding, the transaction price of this land will increase by at least 30%." Zhou Jiayang said that in Hong Kong, the price will be higher. There are still many people who want to buy land. If there is no such restriction, then the land can be used as a reserve after being purchased. This is the favorite of many people, but this situation rarely occurs in Hong Kong government auctions. Also a marginal garbage location.

"Okay, since we have been talking for so long and the price has been halved, let's trade directly. Although the Hong Kong government is backed by British foreign exchange, it is still under great pressure. After all, British foreign exchange cannot help Hong Kong unlimitedly. They also need to use it themselves. After signing the contract, it will be handed over quickly, and then the funds will be given to the Hong Kong government." Chen Zhiwen nodded.

He is a man of great promise. Whatever deal he made at the beginning, if the other party abides by it, then he will abide by it. The Hong Kong government's protection of the Hong Kong dollar is also very important to his industry. Although he knows that there will be no problem with the Hong Kong dollar, he still needs to give it. The Hong Kong government has confidence, and hundreds of millions of dollars is the greatest confidence.

"Okay." Zhou Jiayang nodded and said, "In addition, we have also acquired a lot of stocks of the top 100 companies in Hong Kong during this period of time. Here is the list as well. Mr. Chen, please take a look."

"Cheung Kong Holdings' stock price is already as high as 8%?" Chen Zhiwen said with a smile when he saw the name of the company with the highest share in the list.

Although history has changed and Li Ka-shing did not acquire Hutchison Whampoa, his own capabilities still exist, at most a little worse than before in history, but he will still be one of the strongest real estate players in Hong Kong, even without Hutchison Whampoa. Trading, a few years ago, Li Jiacheng also boarded the HSBC boat and received a large amount of investment. This is actually normal. Even if HSBC is a "quasi central bank", it still needs a large number of high-quality customers. Shipping and real estate are the largest banks in Hong Kong. If the shipping industry fails, they will have to rely on real estate. After a little screening, Li Jiacheng is the best choice.

With the full support of HSBC, and Li Jiacheng's foresight, he avoided the real estate crisis. Although he did not play big like Chen Zhiwen because he knew various accurate time points, he was already considered a leader in the Hong Kong real estate industry. Very good.

"Yes, several shareholders of Cheung Kong Holdings also wanted to immigrate to Australia, so I bought them directly. Together with the stocks we acquired before, we now have 13.8 shares of Cheung Kong Holdings shares." Zhou Jiayang said.

"Yes, continue to increase it to more than 16%, and then send someone to be a director." Chen Zhiwen nodded and said. He had never thought about acquiring Cheung Kong Holdings. Being a director would increase Hutchison Whampoa's influence. According to Judging from the general trend, Yangtze River Industrial will still develop into a giant company, and there may be no shortage of cooperation with Hutchison Whampoa in the future.

"Okay." Zhou Jiayang agreed, and then said: "There are still some stocks of Chinese-owned companies in the back. As for British-owned companies, they are Land and Jardine as mentioned before."

"Okay, these prices are 22% off compared to before, and they are still good." Chen Zhiwen glanced at a bunch of companies behind him and said.

In fact, many Chinese-owned companies still have confidence in the future of Hong Kong. That is, any company has many shareholders. One or two of them have different ideas and want to sell. This also gives Hutchison Whampoa the opportunity to acquire. However, Except for Jardine Matheson Land, everything else is purely investment and there will be no other ideas.

Some of the companies listed in Hong Kong today, especially those of medium size and above, have emerged from the turmoil of the shopping malls. Their bosses and teams are very capable. Investing in them is a very good choice. It saves worry and effort and returns. It is still very high, which is equivalent to indirectly gaining profits from the Hong Kong real estate market.

Seeing Zhou Jiayang finish his report, Huo Jianning on the side said: "Sheng Chen, this is the data of Hisense Bank after exchanging foreign currency for Hong Kong dollars in the past month or so. Please take a look. In terms of US dollars, we have exchanged a total of 2.7 billion In terms of U.S. dollars and Hong Kong dollars, we have almost received about 28 billion Hong Kong dollars."

"28 billion Hong Kong dollars? At the current exchange rate, it works out to almost 3.6 billion US dollars? So in the second half of this game, we made 900 million US dollars?" Chen Zhiwen did a quick mental calculation.

Of the US$2.7 billion, US$1.9 billion belongs to Hisense, and US$800 million was transferred back from the United States.

And if the profit is calculated in Hong Kong dollars, it was still HK$5.5 per US dollar when it was converted into US dollars. Including HSBC's loan, the total cost was about 10.4 billion Hong Kong dollars, and this net profit was almost 9 billion Hong Kong dollars, plus 900 million from the United States. The US dollar was exchanged at an average price of 11 Hong Kong dollars, which almost made about 2.8 billion Hong Kong dollars. Taking into account the intermediate consumption and the interest on HSBC's loan, it is no problem to make a net profit of HK$11 billion.

Calculated in Hong Kong dollars and US dollars, the reason why the amounts are different is because the Hong Kong dollar has really depreciated. If Chen Zhiwen had not participated in this matter, his Hong Kong dollar property would have shrunk by about 30%. After participating, In U.S. dollar terms, it still earned US$900 million. Regardless of the depreciation issue, it earned 11 billion Hong Kong dollars.

(Note: Because if you do nothing, the asset will depreciate, so the profit calculation for Hong Kong dollars and US dollars here is different!)

Including various high-quality real estate and high-quality company stocks previously acquired through US dollars at almost 50-30% discount, in Hong Kong dollars, the net profit is at least almost 16 billion Hong Kong dollars.

The most important among them is naturally the various stocks and high-quality land acquired by Hutchison Whampoa. Even in the current economic crisis, they are hard to come by. You may be able to buy a small part if you have money, but so many are involved. , it is almost impossible, and only during the Hong Kong dollar exchange rate crisis will there be such an opportunity.

When the real estate market recovers in 1985, the prices of these land properties and stocks will increase significantly. It will not be difficult to increase the price tenfold in the next ten years. If we manage it well, 30 times may not be a problem.

Especially the stocks of Land and Jardine Matheson, this is the easiest way to officially enter the Central Business District.