Hong Kong's new giants

Chapter 542 [Real estate developers control Xiangjiang]

After more than a week of investigation in the Mainland, Lin Zuhui returned to Xiangjiang.

New Times Group's investment in the mainland is increasing every year. Lin Zuhui also participates in every project and listens to the opinions of his subordinates.

He is very efficient, as long as a project is inspected once, he will already have a clear understanding of it, and the follow-up development will be mainly reported by his subordinates; if he happens to be in a city for inspection, he will try his best to take the time to visit it.

The real estate projects invested in the mainland are all big projects, so there is no point in making small troubles.

In mid-May, Lin Zuhui withdrew 5 billion Hong Kong dollars from Jingwei Capital, that is, the initial capital of Jingwei Capital was adjusted to 33 billion Hong Kong dollars.

After withdrawing 33 billion Hong Kong dollars, Lin Zuhui took out 17 billion Hong Kong dollars from this year's dividends, and made up a total of 50 billion Hong Kong dollars to inject Hengjin Investment, all of which purchased American bank stocks.

This is also to avoid assets not appreciating and causing waste.

U.S. bank stocks will soar from 1995 to 1998, and the rate of return is very high, possibly as high as 35% or more on average.The reason why financial stocks rose sharply during this period was that from 1991 to 1994, the U.S. banking industry underwent a round of major mergers and reorganizations, coupled with factors such as the overall prosperity of the U.S. economy.

Last year's 100 billion investment in information technology and health care has invested 150 billion Hong Kong dollars into the secondary market of the US stock market in about a year. This does not include family offices, Hengjin investment, and a large number of US stocks previously invested.

这些二级市场的美股投资，在90s末，可以将会给林祖辉带来3000亿港币以上的账面资产，仅微软的2%股权届时就值800亿港币、甲骨文2%股权也值300亿港币.
As for the venture capital of Jingwei Capital, it is believed that the scale will be around 2000 billion Hong Kong dollars.

Of course, if there are really US stocks with a market value of 5000 billion at that time, Lin Zuhui will not choose to cash out all of them. He will probably cash out for as long as nine months from July 1999 to March 7.

Internet stocks like Amazon (temporarily replaced) and Google do not need to cash out at all, because the bubble crisis has less impact on them;

Nike, Johnson & Johnson, Coke, Procter & Gamble, and other stocks do not need to cash out. During Lehman, you can consider selling high and buying low.

After investing another 50 billion Hong Kong dollars in U.S. stocks this year, Lin Zuhui plans to stop investing in U.S. stocks.It is his consistent policy not to put all eggs in one basket.

Hong Kong, Hengjin Investment.

Lin Zuhui left Wu Guoming behind after explaining to George and other high-level executives.Recently, there are no good opportunities in the Asia-Pacific region, and the senior staff of Heung Kong Hengjin Investment have also gone to work in the United States, which can also broaden their international horizons.

In recent years, Lin Zuhui has been slowly changing one thing, which is to increase the proportion of Chinese senior staff in family offices and Hengjin Investment; it is not that he does not trust foreigners, but hopes that there will be one-third of Chinese senior staff. This is the best combination.

"Arrange 10 billion Hong Kong dollars to short sell US dollars and Japanese yen, and use 10 billion Hong Kong dollars as a reserve fund to short sell with 20 times leverage." Lin Zuhui said calmly.

He decided to short the dollar and yen purely on a whim.At present, the USDJPY index is around 103 points, and he did not short sell above 110 points some time ago.Of course, although it was a temporary idea, there is a lot of confidence.Because Lin Zuhui knew that the US dollar and yen index would reach a record low of 80 points next year, so of course he was short selling during this period.

And when the dollar and yen reached 80 points, that is, in 1995, the next step was a "strong dollar", which was a prerequisite for Soros and other Wall Street capital to acquire Asian wealth.

At that time, the backhand is to buy USD/JPY, earn no less than Soros, and it is still easy, without hatred.

Wu Guoming said: "Okay, I'll start right away! However, if you take up 20 billion Hong Kong dollars in cash, then the cash you can use, boss, is only about 3 million Hong Kong dollars."

The implication is that if Lin Zuhui has high consumption, he will be nervous.

For a long time, Lin Zuhui put his "expenses" in Hengjin Investment (over 1 million yuan), and only put some pocket money on him (no more than [-] million); in this way, Hengjin Investment is actually equivalent to Lin Zuhui's 'Like a private office'.

The family office is for the members of the entire Lin family. The annual living expenses of each member are 1200 million, and the whole year starts from the year the child is born.In fact, the expenses of the family office are already very high. The family members receive 2.8 million yuan per year, and the operating expenses are 1.5 to 2 million yuan.

The annual expenditure of more than 4 million yuan, if it is not for the high returns of the stocks invested by the family office, it is really too much.For example, this time when Hong Kong blue chips sell high and buy low, they should be able to earn 15 to 20 billion in one year, and they can operate a family office for 4 years.

Lin Zuhui said: "It doesn't matter, the one billion reserve fund can not only be used for foreign exchange replenishment, but also can be used as an emergency. What's more, I have so many companies, why worry about it!"

Wu Guoming nodded, he just reminded the boss, what if the boss has high consumption like a private jet!
After Wu Guoming left, Lin Zuhui touched his nose and couldn't help but feel a little funny. The world's richest man has hundreds of millions in cash. If the robbers heard this, they might think that Lin Zuhui was playing tricks on him!
However, Lin Zuhui opened a bank, so it didn't take time to raise cash.

Back at New Era Group, Lin Zuhui called Liang Zhenxun.

"Arrange to repay the loan of 50 billion Hong Kong dollars, and control the debt at 150 billion."

Liang Zhenxun nodded, and said with a smile on his face: "Okay, it just so happens that several loans are about to expire recently. The company currently has 100 billion Hong Kong dollars in cash in its account, and repays 50 billion. It is still a cash-rich consortium company." .”

In less than five months, New Era Group has withdrawn funds of 85 billion Hong Kong dollars, which can be described as a super player in cash flow.This is mainly due to the peak season of residential sales in the first quarter, when the company sold many properties in large housing estates.

Lin Zuhui asked: "When will the official land from 1994 to 1995 be auctioned?"

Speaking of this, Liang Zhenxun immediately said cautiously: "The first batch of auctions will start on May 5. The first lot is located in Luen Wo Hui, Fanling, with a reserve price of 26 billion Hong Kong dollars, and the second lot is on Organ Street, Yuen Long, with a starting price of 18 million yuan. Hong Kong dollars. However, it seems that the major real estate developers intend to join hands in auctioning land, intending to give the Hong Kong government some color."

After finishing speaking, Liang Zhenxun looked carefully at Lin Zuhui. He knew that the boss was paying attention to his reputation now, so he definitely didn't want to participate in this kind of thing; Realtors are alienated.

Lin Zuhui was stunned for a moment, and soon realized that unlike him, other real estate developers had other industries that could make a lot of money, and real estate was their main source of wealth.

However, the Hong Kong government has frequently cracked down on the property market and interfered with the market in the past two months, so everyone feels unwilling and plans to unite to show you the face of the Hong Kong government.

Once everyone unites, the two pieces of land may be 5% to 10% higher than the reserve price, and then they will be photographed; after the auction, the big real estate developers will naturally jointly develop and profit together.

But in this way, the financial revenue of the Hong Kong government will be greatly reduced, and the operation of the Hong Kong government depends entirely on real estate developers to auction off official land, pay land compensation fees, and pay taxes.

The major real estate developers think that this move can be described as "giving color" to the Hong Kong government. The important thing is that the real estate developers are now in the public opinion, which is somewhat unfavorable to the Hong Kong government-taking the lead in raising land prices and the lack of land supply.

After a long time, Lin Zuhui said: "These people are a little confused. Now the public opinion is in our favor. If we join hands to shoot the land, the public opinion will immediately turn around, and we will become the vent for the citizens. Even if we win, so what? The Hong Kong government takes advantage of the public opinion to turn the direction, It is bound to introduce more severe speculation countermeasures.”

Liang Zhenxun was shocked. After thinking about it carefully, it was true. The boss's analysis was well-founded, but other real estate developers couldn't understand it.

"Then what should we do?" He couldn't say whether to participate, after all, if he didn't participate, he would be 'isolated' by the real estate developers.

Lin Zuhui thought for a while, and said: "Anyway, it's the participation of the president level, and the major real estate developers will not leave in person. In this way, Chen Bin doesn't want to participate, it's up to you to participate. Remember, the project manager must not be us, anyway If you can’t take the lead, you should follow the herd.”

Liang Zhenxun is only the vice president and executive director, and Chen Bin is the president and executive director, so it is also beneficial to reduce it like this.

Liang Zhenxun nodded and said: "Okay, I know how to do it. This time, British-owned Swire, Singapore Development Bank, China Overseas, Sino, and Kerry have gathered various capitals. If it is suitable, I will Reduce the shareholding ratio to the minimum, and do not fight or grab."

Lin Zuhui nodded and said, "Yes, that's it. New Times Group has been able to gradually get rid of the absolute position of developing real estate and has carried out all-round development. Therefore, we don't want to earn the last copper plate."

"I understand what the boss means!" Liang Zhenxun said seriously.

He has a guess that American stocks will rise many times, and American office buildings and shopping malls will also become an important profit contributor, and the Canary Wharf project in London will also be successful.

In short, the group is thriving. It is no longer in the development of real estate as before, fighting for every inch of land and earning every penny.

In the end, Lin Zuhui said: "Let the people in the investment department prepare to invest in the Japanese stock market. For funds, try to invest 50 billion Hong Kong dollars in a stock in the Japanese stock market in the second half of the year."

Liang Zhenxun has long been accustomed to the boss's investment method, and he also admires and trusts the boss very much.

"No problem, I will definitely make financial arrangements!"

With more than seven months left, New Era Group can withdraw at least 100 billion Hong Kong dollars, plus about 50 billion Hong Kong dollars left in its account; therefore, even if it invests 50 billion Hong Kong dollars to buy Sony stocks, the impact will not be special big.

It's better than leaving the funds in the account!
(End of this chapter)