The rise of Hong Kong's wealthy families

late january

Gold investment funds were withdrawn. The 600 million investment in Standard Chartered Bank resulted in a profit of 1.13809 billion yuan and an income of 1.73809 million yuan. The US$380 million invested in Wan Guo Baotong Bank resulted in a total return of US$980 million.

After careful consideration, Ho Ka-Hao decided to transfer 1.23 billion from Standard Chartered Bank to All World Bank to pay off 830 million of his personal debt. The remaining 500 million was used to buy stocks such as Hang Lung, Yellow River Industrial, New World Development, Sun Hung Kai, and Grand Hotel.

As for the 2 billion low-interest loan from HSBC, the annual interest is 100 million yuan, and more than 8.3 million yuan in interest needs to be paid every month. Manulife Development can fully afford it, so He Jiahao is naturally not in a hurry to pay it back.

So he first went to Standard Chartered Bank, and after completing the plan, he went to Wanguo Baotong Bank.

"Mr. He, you are not only great at acquisitions, but the stock market has not lost any color." Gauss praised. He also did not expect that in just one year, He Jiahao actually earned 1.6 times the profit.

"Mr. Gauss, thank you." He Jiahao took out the check and handed it to Gauss and said with a smile, "This is a money order from Standard Chartered Bank, 1.23 billion yuan, of which 830 million yuan was repaid, and the remaining 400 million yuan was all converted into US dollars."

"Okay!" Gauss naturally beamed, and He Jiahao increased the amount of investment in the bank, which can bring generous handling fees to the bank.

A few minutes later, He Jiahao signed for confirmation and said, "Including the 400 million yuan just remitted, I think I already have 1.058 billion US dollars in funds in your bank. Please help me buy all the funds into oil futures."

With Iran's reforms, the situation in the Middle East has become increasingly dangerous. Last year it exceeded US$20 per barrel, and it will exceed US$30 next year, and even rise to US$39 early next year.

He Jiahao naturally did not want to miss such a high-return investment.

"Does Mr. He think the situation in the Middle East will get worse?" Gauss pondered for a moment and asked with a frown.

"Hasn't Mr. Gauss seen it yet? Last year's oil price soared by US$8/barrel, and the Middle East is still tense this year, and the increase is unlikely to come down." He Jiahao said with a smile.

Naturally, he would not tell Gauss that the Iran-Iraq war would break out in September and oil prices would soar to unbelievable heights.

Gauss thought for a moment and nodded, "Okay, it will take a month to buy all 1.059 billion U.S. dollars."

Today's oil price is US$24 per barrel. If it can rise to US$39 and sold, He Jiahao will earn US$600 million.

Hutchison Building, Central

He Jiahao called in Huo Jianning and asked about the progress of Hong Kong Electric's secret purchase.

"We have secretly purchased 4% of the shares, and the group holds 12% of Hong Kong Electric's shares," Huo Jianning reported.

He Jiahao frowned. After half a year, he only purchased 4%. This share is too small. The acquisition cannot be launched until the Year of the Monkey and the Horse. "What problem caused it?"

Huo Jianning explained, "HK Electric's total share capital is too large. The acquisition of 50 million shares only accounts for 4%, and we are afraid of alarming the stock market."

He Jiahao nodded, "Then let's slowly buy secretly, but the funds for the acquisition cannot be used for other purposes, otherwise we will pay a higher price when launching the acquisition."

"I know." Huo Jianning thought for a while and said, "Hong Kong Electric Company is about to develop the land in North Point. Should we compete?"

In 1977, Hong Kong Electric and Wheelock developed the first phase of Fu Chak Garden in North Point. What Fok Kin-ning is talking about now is the second phase of the project.

"Hutchison Group should not come forward and let Huamei Real Estate go ahead." Ho decided not to let Hutchison Group have too much contact with Hong Kong Electric to prevent the purpose of the acquisition from being exposed.

"Well, Hutchison is really not fit to compete."

The two discussed the development direction and operating conditions of their companies before getting off work.

It is impossible for He Jiahao to work overtime because he has to go back to accompany Chen Yulian.

As soon as he arrived at the villa, he heard laughter coming from inside. It seemed like a guest was coming. He Jiahao walked in curiously.

"Is this a visitor, Yu Lian?" he asked with a smile.

As a result, the two male and one female guests looked at He Jiahao in a daze. Before Chen Yulian could react, He Jiahao approached and said hello, "Hello! Welcome to our guests!"

He Jiahao also asked people to investigate Chen Yulian's family situation, so he had seen photos of Chen Yulian's family members and knew her parents quite well.

"Hello!" They nodded awkwardly. They already knew their daughter's situation before coming. Of course, they did not dare to blame He Jiahao. After all, they did not dare to offend such a super rich man.

Here today are Chen Yulian’s father Chen Baoshan, brother Chen Zhenning, and sister Chen Yushan.

Seeing the embarrassment between each other, Chen Yulian said, "Why are you back so early today? Let me introduce you."

"What is Brother Zhenning doing recently?" He Jiahao asked casually.

"Working in a factory in Kowloon Bay." Chen Zhenning answered timidly, seeming a bit unsociable, or maybe He Jiahao's aura was too great.

He Jiahao thought for a while. His daughter was pregnant with his own child. It seemed mean not to give him some advice, so he said, "Are you interested in doing some business?"

Chen Yushan was bolder and helped her brother Chen Zhenning and responded, "I'm interested, but I don't know what business He Sheng is talking about?"

"It depends on what the factory where Brother Zhenning is working does?" He Jiahao believes that it is more beneficial for Chen Zhenning to work in a more familiar industry.

It’s better to be mature than to be raw!

"It's about electrical appliances." Chen Zhenning said coldly, with a slightly unnatural look on his face.

He Jiahao glanced at Chen Yulian and said, "I also have an electrical appliance manufacturing company and chain store. Brother Zhenning should have heard of Fengze Electric and can take over some processing business from Fengze Electric."

"I'm just a worker. I have no experience in running a factory. I might be able to do it."

Before Chen Zhenning finished speaking, Chen Yushan interrupted, "He Sheng is taking care of you, how can you refuse. Brother, if you don't know how, I can ask you to teach you."

He Jiahao smiled and nodded, "If that doesn't work, you can also distribute clothes from Luotu Clothing where Yu Lian works. This business will not lose money."

If you can't sell it, just bring back Luotu Clothing.

However, He Jiahao has no intention of letting them work in his company. Incompetent relatives can easily pull him away from the company.

He can lead Chen Yulian's family to improve their lives, but he cannot lead them to become rich, because people are greedy, and he cannot bury the risk of being coveted by his relatives.

Chen Yushan looked at Chen Yulian, as if she wanted to win this business.

"Haha, you guys have discussed it, just let Yu Lian tell me." He Jiahao did not let them decide immediately.

"Okay!" Chen Yushan and the others nodded.

Chen Baoshan was an elder, and He Jiahao didn't want to be left out, so he found some common topics to chat with.

After dinner, He Jiahao asked his bodyguard to drive them back to Diao Jingling.

At this sudden gathering, no one mentioned the marriage. It seemed that Chen Yulian had told them about it in advance.

"Both my brother and my sister are not suitable for business. They have done it before and lost a lot of money. How about I give them some money and forget it." Chen Yulian said with some distress, trying to undermine her elder brother and sister behind her back. It feels bad.

"Then let them do it, but don't let the staff know about your relationship. If there is a loss then, you can just make up for it. This little money will be enough." He Jiahao said softly, let's do this for now, Chen Yulian is still pregnant It's not good for her to worry about being pregnant, as it would be bad if it affects the child.