The rise of Hong Kong's wealthy families

Tuesday, November 7

Since last week, He Jiahao has been in the trading room of Standard Chartered Bank for many days. The yen/dollar exchange rate has been hovering around 180 points, and it was not until today that the exchange rate dropped to 175 points.

"Qian Sheng, please close the position." He Jiahao knew that the exchange rate would fall to 170 points, but it would probably take two or three days to completely close the position with an amount of 1.5 billion. If he waited until 170 points to start, there would be a great chance of a rebound.

"Yes! I will try to complete it within two days." Qian Jun said seriously. It is easier to close positions when the currency appreciates than to close positions in company stocks. After all, business transactions between regions require corresponding currencies.

Calculated based on this exchange rate, Standard Chartered Bank's investment of 1.5 billion alone can earn 700 million. Adding the 1.4 billion from Wan Guo Baotong Bank, I am afraid there can be a profit of 1.3 billion.

This is so scary.

He Jiahao took a deep breath, left the trading room of Standard Chartered Bank, and took a car to Wanguo Baotong Bank, where he also asked Gauss to start closing his position.

Huamei Real Estate Company Office

He Jiahao summoned Tan Zhenzhen, "The investment in Japanese yen can be closed. This time, all the profits are bought in gold without using leverage. This investment is a long-term investment and will not be closed until 80 years, so don't count on this funds." .”

Previous investments were only for a few months, and very few for half a year, so he was a little worried that Tan Zhenzhen would have the illusion that the funds could be withdrawn in a short time, which would seriously interfere with the development strategy of Huamei Real Estate Company. After all, this time Gold investment takes more than a year, and a large amount of interest will bring a shortage of funds to Huamei Real Estate's business.

"Yes, I understand. Do the profits from Japanese yen investment need to be announced to the outside world?" Tan Zhenzhen asked.

"Let's announce it. The current stock market is very good. We should pay attention to the timing of raising funds for rights issues. Huamei Real Estate and First City may have to conduct rights issues at the same time." He Jiahao said after thinking for a while.

The market is already very hot, and many companies have begun to raise funds through rights issues, acquired a large number of properties and land, and completed a new round of expansion.

He Jiahao is also impatient, but the time has not yet reached the most suitable time, and Huamei Real Estate Company still has a lot of cash.

Tan Zhenzhen exited the office, and the next person who came in was director Gao Ci.

In this gold investment, Huamei Real Estate invested about 200 million in a leveraged manner. If it bought at more than 430 points, it should be able to get a profit return of 80 million.

"Boss, this is our property situation." Gao Ci respectfully handed over a document with a smile on his face.

"Well, sit down!" He Jiahao said lightly. Gao Ci was a man of good ability. He was one of the three giants of Huamei Real Estate Company. He owned too many companies. Huo Jianning, the strongest under him, could only do overall planning and supervision. The operation of the company.

"The company has abundant funds. I want to enter the industrial building industry in a big way and get a very good return." Gao Ci expressed his thoughts.

Nowadays, the value of industrial buildings in North Point has risen a lot. Compared with 1977, the return rate has reached 50%; while the industrial buildings in Kowloon Bay are following closely behind, rising at the same rate. Since most of them are newly built industrial buildings, the return rate has reached 50%. There is also 45%, which is an amazing increase.

It is now the end of 1978, and there are still two years until 1981, enough for Huamei Real Estate to make a lot of money.

"Well, you have agreed that you can acquire industrial buildings, commercial buildings, and high-end residential buildings in the form of 20% down payment and 80% loan. However, the interest payment cannot affect the company's normal investment and daily operations." He Jiahao warned somewhat. The meaning is that there are risks in speculating on real estate: the interest rate is too heavy, swallowing up a lot of profits, or even losing the principal. There is no business in this world that is guaranteed to make money without losing money.

"According to our calculations, today's property growth can completely overwhelm the interest. As for the company's existing funds, we only have 50 million to use. We can acquire 15 industrial buildings. The monthly interest is about 3.12 million yuan, after deducting With interest, you can earn 2 million or 3 million a month." Gao Ci said with a smile, he can increase the company's income by more than 30 million a year. This is an ironclad contribution, and he can slowly catch up with Chen Yong.

In fact, the price of large housing estates has risen to 400 to 500 yuan per square foot, which is 20-30% more expensive than ordinary residences. The price increase is better than that of ordinary residences, and is not much weaker than that of entire industrial buildings.

Now that Gao Ci has identified a single property in an industrial building, He Jiahao won't say anything. After all, they are all making money.

After talking with him about the property situation and development, Gao Ci left the office.

Then several senior executives came in to report the situation in turn, and it wasn't until after 11 o'clock that He Jiahao ended this working state.

The situation in the real estate industry is very good. People in Xiangjiang who have some money have invested in properties. This is a real thing, which is safer than the stock market. Therefore, the rise in property prices is amazing. If it were not for the memory of his previous life, He Jiahao would be a little worried. Invest conservatively, as the last economic crash wasn't long ago.

There are too many investment directions during this period, including industrial buildings, residential buildings, commercial buildings, stock markets, gold, and more advanced ones like raising funds and rights issues from listed companies. You can get hundreds of millions of funds in a month, and you can raise funds in a year. More than three times, which is a very large number.

Today's large companies, such as Hepu International, have a market value of 6.2 billion. Companies of some sizes can raise one billion yuan. They can get one-sixth of Hepu International in a year, which is more attractive than making money in a down-to-earth manner.

In the afternoon, He Jiahao came to Manulife Development to take charge. At the same time, he arranged for excess funds to enter the gold market. By the beginning of 1980, he could get a rate of return of nearly double, which made him a little crazy.

In this world, if you want to run a company according to the rules and catch up with Li Jiacheng and others, He Jiahao thinks it is absolutely impossible. He will not be able to grab Hepu International, but Hong Kong Electric can get it in advance before Jardine Matheson Company. It relies on this single gold investment as a source of confidence.

Hong Kong Electric is a very stable asset and is not a family business. It is relatively easy to control and has more potential than Towngas. However, Hong Kong Electric's market value has reached more than 5 billion, and it will cost more than 2 billion to acquire it.

Now, Ho is struggling to even acquire China Gas, let alone a super-large enterprise like Hong Kong Electric.

"Huh!" He exhaled a thick breath, "Don't be in a hurry, you still have to eat the food one bite at a time."

It seems better if Ho waits until the big slump in 1982 before selling and acquiring Hong Kong Electric. However, there will be another Jardine Matheson Company competing in 1982, which will cost more, so he would rather make the acquisition when the market is booming.

In the previous life, Jardine Matheson acquired Hong Kong Electric in 1982, and spent more than 2.8 billion before the big crash. However, in 1985, it sold 34.9% of its shares to Li Jiacheng for 2.9 billion, allowing Li Jiacheng to control the financial company HK Electric. hen.

Hepu International laid the foundation of the consortium for Li Jiacheng, and Hong Kong Electric Company gave Li Jiacheng wings. From then on, no one can stop his rise.

The consortium formed by Huanghe Industrial, Hepu International, and Hong Kong Electric gave He Jiahao a more certain idea. The consortium formed by Huamei Real Estate, Wheelock, Hong Kong Electric, and China Gas was the four most promising companies. Department, not much weaker than Li Jiacheng. (Hepu International is much better than Wheelock.)