Reborn as a tycoon in Hong Kong

Saturday night.

Xinhua News Agency and the Investment Promotion Bureau jointly organized an exchange party, inviting business people close to the mainland to participate.

Lin Baicheng was also one of the invited guests. Because he was in Xiangjiang, Lin Baicheng went there very favorably.

At the party, Lin Baicheng met many acquaintances, such as Huo Yingdong, Bao Yugang, Guo Henian, and Hu Yinxiang. In addition to these people who have a good relationship with him, there is also Lao Li, a person who has a bad relationship with him.

It is true that Li Jiacheng had a secret agreement with Shen Porridge, but this did not prevent him from being close to the mainland on the surface, because he knew that the potential market in the mainland was very huge, and as a businessman, he could not give up this great opportunity to make money.

However, Li Jiacheng was a thief. He did not agree to invest in the Mainland, but his attitude was very friendly and he did not actually contribute at all. If Xinhua News Agency or China Merchants Group held a similar party, he would attend and express his position.

In this way, Li Jiacheng can gain the favor of mainland officials without having to pay anything for the time being, and it can be said that he will make a lot of money.

"Are you Mr. Lin Baicheng Lin? You are really young and promising. We have just met."

When Lin Baicheng walked towards Wang Yiping and the others, a man Lin Baicheng had never seen greeted him warmly.

"Hello, I'm Lin Baicheng!"

Lin Baicheng smiled and nodded, shaking hands with the other person, although he still didn't know who this person was.

Wang Yiping introduced from the side: "Mr. Lin, let me introduce to you. This is Comrade Rongyi, the chairman of CITIC Corporation."

"It turns out to be Chairman Rong. Hello, hello. I have always wanted to meet Chairman Rong, but unfortunately I have been running around. Today I got what I wanted."

Lin Baicheng did not forget that he also had the title of director of CITIC Corporation. He later inquired about the basic information of Xia Rongyi, the chairman, and found out that the other party was a red capitalist and a very powerful person.

CITIC Corporation's responsibility is to serve domestic economic construction by absorbing and utilizing foreign capital. It can be said to be a window for China to the outside world.

Therefore, CITIC Corporation spends a lot of time working in Xiangjiang, and Rongyi, the chairman and general manager, often comes to Xiangjiang to work. However, CITIC Corporation has official status in the Mainland, so Rongyi has to go back to the Mainland frequently to report on his work.

Lin Baicheng also goes to Japan and the United States from time to time. In addition, even if both parties are in Xiangjiang, they cannot meet when they are busy, so this is the first time for the two to meet.

As for when CITIC held its board of directors, CITIC had a total of 44 board members, and Lin Baicheng was just one of them. If he really didn't have time, he didn't need to attend the board of directors.

Rongyi smiled and said: "Mr. Lin is too polite, just call me Rongyi."

"Mr. Rong!"

Of course, Lin Baicheng would not trust the elder's real name to Rong Yi. Mr. Jia was just the right name.

Wang Yiping joked with Rong Yi: "Comrade Rong, you have to thank Mr. Lin properly. Without his insight, your company would not be able to make so much money this time."

"What Comrade Wang said is that I really want to express my gratitude to Mr. Lin. Thanks to your advice, our company has made a lot of money from the investment in gold prices."

After Lin Baicheng became a director of CITIC, he proposed to CITIC through Wang Yiping and Li Fuquan to buy Hutchison Whampoa's stocks and go long gold futures. At that time, the price of gold was still fluctuating around US$300 per ounce.

However, whether it was the rise in gold prices to more than 400 US dollars per ounce or the sharp rise in Hutchison Whampoa, CITIC Corporation did not make any profit and remained a bystander.

This is not a problem with Rongyi's ability, but rather with the nature of CITIC itself. Every penny of the company must serve domestic economic construction. It cannot spend money indiscriminately and cannot make uncertain investments.

Although Lin Baicheng was already the richest man in Hong Kong at that time, he was still young after all. It was normal for CITIC executives, including Rongyi, to have doubts about him. Therefore, Lin Baicheng's investment suggestions were not implemented by CITIC.

Although CITIC did not make an investment, CITIC could not have been unaware of the subsequent surge in Hutchison Whampoa's stock price and the surge in gold prices. And because both of these events had occurred, it no longer doubted Lin Baicheng's ability. .

If you miss two profitable investments, it can be said that you did not invest because you were cautious. But if you miss another profitable investment later, it is no longer caution, but a lack of flexibility.

When the price of gold fell below US$400 per ounce, CITIC invested US$10 million without using leverage. Firstly, the company does not have much money now, and secondly, the nature of the company does not allow the company to use high leverage.

As of yesterday, the price of gold has risen to US$465 per ounce, and CITIC has made a profit of about 20%, which is not low.

"The main thing is that Mr. Rong, you made the right decision. I just provided a reference."

Lin Baicheng praised Rongyi humbly, and everyone carried the sedan chair.

"No matter what, I still want to thank Mr. Lin."

Rongyi expressed his gratitude again, and then said: "I hope Mr. Lin can give you more guidance on investment in the future. The entire CITIC Company and I will be grateful."

"I can't talk about giving advice. I can only make some suggestions. It's up to you, Mr. Rong, to make your own judgment on what to do."

Lin Baicheng waved his hand after hearing this, and only made suggestions without making decisions. In this way, even if any suggestion went wrong due to the butterfly effect or was blocked, resulting in CITIC's investment losses, Lin Baicheng would not be affected even if it was big.

"Whether we want to invest or not is naturally our decision. Any loss in investment is also our own problem."

Rong Yi understood Lin Baicheng's concerns, so he spoke to reassure Lin Baicheng.

Lin Baicheng was very satisfied with what Rongyi said, so he said: "As for investment, I think Hutchison Whampoa under my name still has a chance. The current stock price is not too high. Of course, I am referring to short-term investment. In the long run, that’s fine, but it may take more than four or five years.”

"Thank you Mr. Lin for your suggestion."

Rongyi couldn't help but nodded slightly when he heard the words. He could hear the meaning of Lin Baicheng's words. It should be that Hutchison Whampoa has benefits unknown to the outside world, which can cause the company's stock price to rise in the short term. After that, Hutchison Whampoa's stock price may rise. There was a considerable decline.

If you really want to talk about it, there are some signs of insider trading, but Lin Baicheng did not gain any benefit from this careful disclosure of insider information, and there was no transfer of interest between the two parties, which was not enough to qualify as insider trading.

The most important thing is that today's securities laws in Hong Kong do not include illegal operations such as insider trading. As long as it is not done blatantly, it is not a problem at all to do it secretly.

Today's securities laws in Hong Kong are very imperfect. Take Lin Baicheng's attempt to secretly reduce his holdings in Hutchison Whampoa as an example. It stands to reason that major shareholders should announce the reduction of their shareholdings in advance, but Lin Baicheng does not need to announce it to the public first. He can sell his shares on his own and just mention his shareholding ratio in the quarterly report.

After chatting for a few more words, Lin Baicheng went to Bao Yugang and Huo Yingdong.

Bao Yugang and Huo Yingdong were also surrounded by many people. They talked about the economic development of Xiangjiang, the impact of the war in Hong Kong and Afghanistan on the world structure, and the impact of rising oil prices on the Western economy. They talked a lot.

After chatting for a while, Bao Yugang called Lin Baicheng aside to talk.

"Lin Sheng, how high do you think the international gold price can rise this time?"

After all, having invested US$10 million and using five times leverage, it was impossible for Bao Yugang not to care at all.

"I don't know how much it can rise specifically, but I think based on the impact of Hong Kong and the war in Afghanistan, there should be no problem for the gold price to rise to US$600 per ounce. Regardless of whether the gold price will rise in the future, once the gold price rises to At $600 an ounce, I would have people sell out of our order.”

Of course, Lin Baicheng would not say that the price of gold would rise to more than 800 US dollars per ounce without any accident, but he would state his plans. He led Bao Yugang and others to make money, but there was no need to lead them to earn the last penny. It was enough to lead them to earn some.

"There is still an increase of almost 30%, which is not low."

Bao Yugang couldn't help but nodded slightly after hearing this. Their buying cost price was US$441/ounce. If they could sell above US$600/ounce, it would be an increase of nearly 40%. Five times leverage would be nearly twice the profit. With seven deductions and eight deductions, there is still a profit of US$15 million.

If Lin Baicheng's judgment is correct, then the profit is not less than 60 million Hong Kong dollars, which is not too small.

Bao Yugang said: "Lin Sheng, I am quite confident in the development of Wharf. I wonder if you are optimistic about the development of Wharf? Do you want to become a shareholder of Wharf?"

"Looking at what Bao Sheng said, the first thing I wanted to acquire was Wharf. How can I not be optimistic about the development prospects of Wharf? Don't you think so?"

After hearing this, Lin Baicheng couldn't help but said that if Li Jiacheng hadn't been involved, what he had acquired would not have been Hutchison Whampoa, but the Wharf company. Lin Baicheng is about to acquire Wharf, how could he not be optimistic about the development of Wharf?

"What Lin Sheng said is that if you are interested, Lin Sheng, I can ask Wharf to issue an additional share of stock to you, Lin Sheng, so that you can become a shareholder and director of the company."

Bao Yugang did this in return for a favor. Lin Baicheng had helped him make money many times, so of course he wanted something in return, and in his career, Wharf was more likely to bring returns to Lin Baicheng.

As for Global Shipping Group, Bao Yugang has never thought about listing this company. In addition, the shipping industry is currently in a slump. Bao Yugang cannot let Lin Baicheng become a shareholder of Global Shipping Group.

"Then I'd like to thank Bao Sheng."

Lin Baicheng did not refuse. The development prospects of Wharf were there. Needless to say, in the long run, this investment would not be a loss.

Bao Yugang said with a smile: "It's me who really wants to thank you, Lin Sheng. You always think of me when you have good things, Lin Sheng. Of course I can't remain indifferent."

"Let's help each other, so there's no need to be too polite."

Lin Baicheng smiled, this is how the relationship works, today you help me, tomorrow I will help you.

Bao Yugang nodded in agreement, and stopped saying who was thanking whom, and instead said: "Lin Sheng, regarding the establishment of Xiangjiang Airlines, it seems that there are many difficulties now. We must be prepared for a protracted war. "

"Yes, the Swire Group's response was too strong, and it also attracted other British investors. The fact that the Hong Kong government did not favor them can be regarded as our public relations success."

Lin Baicheng also felt a little emotional. If he wanted the Swire Group to make concessions, unless he got the weakness of the Swire Group or other British capital stopped supporting the Swire Group, otherwise with the combined efforts of many British capital, it would be impossible for the Hong Kong government to allow Lin Baicheng and his company Xiangjiang Airlines to be established. .

Bao Yugang said: "We can only take this matter slowly, and we must be mentally prepared for failure."

"Although it is a pity that we cannot enter the aviation industry, even if it fails in the end, we will just put in some effort. And if it succeeds, then we can take a piece of meat from Cathay Pacific."

Lin Baicheng and the others still took the initiative in this matter. If they succeeded, they would gain a lot of benefits, but if they failed, they would lose little.

"So we still have to try our best."

Bao Yugang couldn't help but smile on his face. As Lin Baicheng said, there are many benefits if you succeed, but there is no loss if you fail, so the four of them must try their best to get things done.

Nodding, Lin Baicheng said: "Actually, it would be great if we could find a way to cause some trouble for the Swire Group, so that the Swire Group cannot focus all its energy on Cathay Pacific, so that we can take advantage of it."

"That's the truth, but I'm afraid it won't be easy to block the Swire Group's business in Xiangjiang."

Bao Yugang thought about the Swire Group's current business in Xiangjiang. Cathay Pacific will not talk about it. The four of them at Xiangjiang Air Cargo Terminal will not be affected. This is a company that has business relationships with Cathay Pacific. The sugar industry can have some influence, after all, Guo Henian is Asia's sugar king; in the beverage business, they cooperate with Coca-Cola, so the four of them have no influence.

The largest part of the Swire Group's assets in Xiangjiang is Swire Properties. The problem is that in today's Xiangjiang, the real estate industry is on the rise, so there is no need to worry about selling their properties.

"It's not easy to get back. It won't work if you don't try. Let's do our best."

Lin Baicheng said: "The most important thing is Swire Properties. It is difficult for us to influence the sales. But during the construction stage, whether it is the supply of raw materials such as cement or sand, we can find people to help so that Swire Properties' projects cannot be like before. It worked out that way.”

For cement, Lin Baicheng can help, but for sand, Huo Yingdong needs help. For other raw materials such as stone, bricks, steel bars, and glass, other people need help, and at this time, you have to rely on connections.

"Speak to Guo Sheng and Hu Sheng soon, and we will cause some trouble for Swire Properties."

Bao Yugang thought about it for a moment and then agreed. Although doing this requires some favors, it is the four of them who contributed, and the profits after success are not small, so the favors are worth it.

Lin Baicheng and Bao Yugang then simply talked to Guo Henian and Hu Yinxiang about the matter. Both of them were also close to the mainland, so they also came to participate in tonight's exchange meeting.