The rise of Hong Kong's wealthy families

The years are quiet and the time is flowing.

In late September 1982, news of Mrs. Thatcher's visit to Yanjing spread in Hong Kong, indicating that this was only the beginning of a long negotiation, and that the negotiation seemed to be very unfavorable to the British side.

Soon, there was a rumor that Xiangjiang would be repossessed. Due to the different systems, people with some assets began to panic. Even on the day when the telegram was sent back to Xiangjiang, someone had already released the news of selling the property.

Suddenly, land and property prices began to fall. In order to sell their properties as quickly as possible, some people were willing to sell at 90% of the market price, causing the property market to become increasingly turbulent.

The new Hong Kong Governor Youde (MacLehose's term has expired) held an emergency press conference, calling on Hong Kong citizens not to panic. The Hong Kong government will do its best to protect the interests of all Hong Kong people, indicating that negotiations are ongoing and the situation is very favorable to Hong Kong.

It is a pity that the citizens of Hong Kong are not ignorant people. Of course they do not believe what Youde said. Instead, they feel that the Hong Kong government is trying to cover up the situation and encourage more people to sell their properties.

On September 27 alone, the price of industrial construction sites in Kowloon Bay dropped by NT$30 per square foot, which made the owners of Kowloon Bay Industrial Buildings and other properties burst into tears. Although the price dropped by NT$30 per square foot, they were all willing to do so. For sale, but there is no buyer, it seems that it can only rot in the hands. Some owners even took out loans to speculate on industrial buildings in 1980. They were struggling to support it at the beginning of the year, and now they can no longer hold on because they can't see any hope. .

Fortunately, Qin Haiming believed He Jiahao's words, otherwise he would be crying without tears.

Huamei Real Estate Company has successfully reduced its debt ratio to 20%, and has a cash reserve of 50 million Hong Kong dollars and 100 million US dollars. Its properties from Causeway Bay to Central and properties in the Tsim Sha Tsui area have not been sold, and other properties have been sold. A large amount of money was withdrawn.

Hutchison Group also reserves a large amount of US dollars, and the Hong Kong dollars on its account are only used for turnover. As a private company, Manulife Development Co., Ltd. is even more remarkable. It can buy cheap properties worth billions with US investment alone.

The stock prices of some small real estate companies have begun to fall. Although the operators have taken measures, unfortunately they still cannot stop the downward trend, because when investors see that the situation is not right, they do not care about anything else and sell desperately in order not to lose too much.

The bank was very shameless. The stock price of the debtor company fell. They quickly took the contract to the company to urge repayment. They were given a week to pay off, otherwise they would apply to the court to take away the company's collateral, causing the debtor company to be in chaos.

However, the stock prices of blue-chip companies are still strong and even rising, such as Huamei Real Estate Company and New World Development.

There are also some large companies that are about to be in trouble, such as Hang Lung, Great Eagle Properties, and Jianing Group.

"Boss, the properties on the market have generally fallen by more than 5%. Among them, the properties in Central are very strong and there has not been any decline yet. However, we guess that the properties in Central will not last long. Compared with the situation in 1973, the properties in Central should have dropped significantly. It won't exceed 20%." Gao Ci reported from the side, with a look of admiration in his eyes. Fortunately, the boss sold a large number of properties in advance, otherwise the situation of Huamei Real Estate Company would not be so good.

"Well, now we need to strengthen the security of the property to prevent worse situations. We should not rely on the power of the police." He Jiahao did not look back and looked at the still busy Victoria Harbor.

"Yes! I will personally arrange the security force." Gao Ci said respectfully.

Then Tan Zhenzhen reported, "All the stocks have been sold in early September, with only 50 million Hong Kong dollars left, and the rest was converted into US dollars. The company's stock price is still rising. New Era Real Estate and First City Company's The share price is holding at a level and Hutchison's share price is rising."

"I guess that the next six months will not be the time to start investing in the stock market. The securities department will be very idle, so I will assign some tasks to you. Make a financial forecast plan for all listed companies in Hong Kong, and select 50 companies with the most potential as bargain hunters. Targets. If you have enough manpower, you can also investigate potential companies in countries with better economies such as Singapore and Australia." Of course, Ho will not let the securities department idle, otherwise people's hearts will also fluctuate.

Only by letting these people know that the boss is still interested in coveting other companies under this crisis will they feel hopeful and the impact of the harsh external environment on them will be minimized.

"The securities department has enough manpower, and we will definitely complete the tasks assigned by the boss." Tan Zhenzhen said very seriously.

"Boss, land acquisition has been stopped for half a year. The company's land area to be developed exceeds 4 million square feet. There are still 6 pieces of land under development with an area of ​​320,000 square feet. Two of them are about to be completed. The total area is 1.37 million square feet," Chen Yong reported.

He Jiahao turned around, pulled out a chair and sat down, and said, "Don't decorate the completed properties yet, just hold them in your hands until the market gets better. Nowadays, the signs of city and city collapse are becoming more and more obvious, and the number of sites under development is also increasing." We need to reduce it, but we need to ensure that construction workers have food to eat.”

"Don't worry, boss, the company has made a budget. During this period, the company will pay workers who are not working a basic salary of 600 yuan a month, so that their food and housing will not be a problem." Finance Department Manager Yin Jihong stood up and answered.

He Jiahao pressed his hand and motioned for Yin Jihong to sit down and talk. After listening to her report, he said, "I remember that construction workers do not have a basic salary. Will this violate market rules?"

"There has been such a precedent before, but when the market is good, this system will be cancelled." Chen Yong explained.

He Jiahao nodded, "You must pay close attention to the emotions of our employees so that nothing bad happens. The company upholds the principle of humanistic care, especially at this time. It is already September, and the company's performance in the first half of the year Yes, all the money should be given to employees at the end of the year. If you are an employee, you should pay it. Don’t deduct it at will just because the situation in the second half of the year will not be good.”

"Yes!" All the senior executives present agreed.

These senior executives are very aware of their boss's work style and dare not disobey in the slightest, otherwise the boss will make them very uncomfortable.

"Director Gao, we must do a good job in property management. Although now is not the time to buy at the bottom, we must not slack off in collecting information on high-quality properties, especially information on commercial buildings and shopping malls in urban areas."

"Yes!" Gao Ci responded.

He Jiahao turned to Chen Yong and said, "The same goes for land acquisition."

At this point in time, there should be few fools who would start an acquisition. After all, the prices of property and land are falling.

However, Huamei Real Estate still needs to go to some bankruptcy auctions to find out what is missing.

If he refuses to lower the price, he will naturally not make a move. The money in He Jiahao's hands did not come from the strong wind.

He Jiahao knows that many companies are still struggling to support themselves. To acquire some high-quality property land, they need to wait until at least next year. Now the big slump has just begun. Panic is brewing. Many businesses still believe that the market will get better. When they are completely Disappointment will culminate in a big plunge.

At that time, it was a good opportunity to take action.

The shopping mall is like this. If He Jiahao doesn't do it, others will do it. It's better to take advantage of He Jiahao, who is prepared.