The rise of Hong Kong's wealthy families

Charles drank another cup of tea and asked, "Does He Sheng think this crisis is short-term or long-term?"

He Jiahao smiled and said, "Mr. Charles should know the root cause of the big plunge, so this crisis depends on the negotiation time between the two countries. I can't guess the length of time."

He knew, but why should he tell Charles? They are not even friends, let alone confidant.

"Well! What He Sheng said is true! How can we businessmen know about politicians?" Charles said with some disappointment. It was obvious that He Jiahao did not tell the truth, but he could not force He Jiahao to tell the truth.

The two chatted for a few more words, and half an hour later Charles left, citing busy official duties.

In fact, Charles is really busy. Due to the plummeting of the local market, there are big problems with Standard Chartered Bank's loans, and some even fled Hong Kong. These debts can only be treated as bad debts, but as the chief executive, Charles naturally has to work for the bank. Minimize losses as much as possible.

He Jiahao called Luo Qiqi and informed her of the matter.

So, Luo Qiqi came directly to the Huamei Center Building to talk to He Jiahao about this matter.

"Brother Hao, this is the information from Bangye Real Estate Company. You should take a look at it first." Luo Qiqi took the information out of her handbag and handed it to He Jiahao.

He Jiahao took the information, and the smile on his face became 'brighter' as he looked down.

It turns out that most of the assets of Bangye Real Estate Company are industrial buildings in Kowloon Bay, and nearly half of Standard Chartered Bank's loans to Bangye Real Estate Company are in Kowloon Bay industrial buildings.

The peak price of industrial buildings in Kowloon Bay was in December 1980, at NT$360 per square foot. Today, the price of industrial buildings is NT$25 per square foot, which has dropped by 93%.

In other words, He Jiahao paid almost twice as much as half of Standard Chartered Bank's debt.

At this time, He Jiahao finally understood why Luo Qiqi kept the price down to 10% of the debt, but there were still half of the other properties that could make up for the difference, so as not to suffer a huge loss.

"I was careless." He Jiahao said with a wry smile. Although this was a small transaction, it was his first "Waterloo".

Luo Qiqi shook her head and said, "It's not your fault. Standard Chartered Bank deceived you. After all, we are not at a loss. After all, we still have some properties in Tsim Sha Tsui."

"If you're wrong, you're wrong. There's no need to hide it. I still have this kind of tolerance." He Jiahao waved his hand and said he didn't care. "As long as this fund is the spare money in Haoxin Real Estate's account, we can wait for the market to recover." , we won’t lose.”

Buying loans at the bottom is naturally not worth it now.

"Well! The company still has tens of millions of funds in its account, which is more than enough to take over Bangye Real Estate." Luo Qiqi stared at He Jiahao's face and said, she was really a little afraid of being held at gunpoint.

"With the example of Standard Chartered Bank, other banks should soon come to you." He Jiahao leaned on his chair, "After acquiring Bangye Real Estate Company, let's stop for a while. Next year will be more beneficial to us and it will be easier for the bank. panic."

"Just in time for me to tidy up Bangye Real Estate." Luo Qiqi suddenly walked up behind He Jiahao and stretched out her hand to squeeze his shoulders. "Are you saying that next year will be a trough for the city?"

Ho Jiahao sneered, "Of course, private banks are struggling to support themselves. Sun Hung Kai Bank and Hang Lung Bank are about to be unable to hold on. Not to mention other small banks, it will more or less affect big banks like HSBC and Standard Chartered. Charles is fooled." Once, I will pay back the principal with interest next time.”

The relationship between real estate companies and banks is too close. There is no real estate company that does not obtain loans from banks for development. Now that the city has plummeted, the value of property and land has depreciated, and the financial industry has also been hit hard. Of course, banks must tighten their loan business and collect borrowings to maintain their business. Bank operations and real estate companies are even worse.

If He Jiahao were in the position of these bankrupt real estate developers, he would immediately sell properties and even companies, because there is money in this world and everything is available. The company can be bought or rebuilt. If the money is gone, he can only jump off the building.

At the end of December, the Hang Seng Index fell to the lowest point of the year at 783.82 points, and the annual stock trading volume dropped sharply to 46.1 billion.

The stock investors who still had illusions finally burst into tears, holding the "worthless" stocks at a loss, wondering whether they should jump off the building or wait to die?

In He Jiahao's view, stock investors are not worthy of sympathy, because stock trading is a gamble, and there will definitely be times when they lose. It is their families who deserve sympathy, and the pity is the underage children.

He Jiahao heard that Jianing Group had made loans to hundreds of banks in Hong Kong, but now the ICAC and the police have revealed the truth. Even HSBC dare not easily lend money to this second debt king in Hong Kong. Only Yumin Bank is still providing loans. Jianing Group conveys the loan.

Of course he knew that it was Chen Songqing who threatened the senior management of Yumin Bank and forced them to take loans. The two of them became grasshoppers on a rope. If Chen Songqing fell, Yumin Bank would definitely "follow" them. The iron stools of the prison pillars sat on until they were completely rusted'.

He Jiahao is eyeing the Harcourt Building of the Carnegie Group and those shopping malls, leaving the rest to the banks to gradually inherit.

Although Chen Songqing was able to catch the sheep of Yumin Bank and work hard, he could not make up for the losses of the Jianning Group, so he had to find another way.

As a result, Chen Songqing submitted applications for suspension of trading of his four listed companies, Jiani Real Estate, Paramount, Vinda Aviation, and Qichang Life Insurance, to the Securities Regulatory Commission and other departments in an attempt to restructure their debts.

In fact, everyone knows that Chen Songqing is just struggling. Except for Qichang Life Insurance, all other companies have high debts. Restructuring debts also requires a lot of funds. Banks regard Jianing Group as a 'scourge'. The sign at the door said 'People who dislike the Jia Ning Group come to the door'.

Early January 1983

Chen Songqing, who was as thick-skinned as a city wall, wanted to come to discuss cooperation with He Jiahao. In fact, He Jiahao had already pushed back Chen Songqing's appointments many times, but this time he couldn't push it any further.

"Haha!! He Sheng, you're fine!" Chen Songqing greeted with a smile, as if the crisis of Jianing Group had nothing to do with him.

He Jiahao said, "I am ill now. I have been dealing with the company's problems and I have a headache."

Chen Songqing still smiled and said, "Who doesn't know that He Sheng sold a lot of assets before the big crash? How could the company have problems?"

"Sheng Chen, that's definitely a rumor. Who told you that? I'll ask a lawyer to send them a lawyer's letter." He Jiahao said seriously, not joking.

This expression made Chen Songqing stunned, but his rich experience allowed him to react quickly and said with a smile, "They are all rumors, reported to me by the company's employees."

"Well!" He Jiahao pointed to the sofa next to him and said with a smile, "Please sit down! I don't know what the purpose of Chen Sheng's visit today is?"

"He Shengqian should know something about Jia Ning's situation. Although the current city is not good, Jia Ning's properties are still worth some money." Chen Songqing said a lot, hoping that He Jiahao would pay a high price to take over the business. Some of the properties have given Jia Ning Group a chance to breathe.

He Jiahao shook his head, "Chen Sheng, I understand what you mean, and I want to help you, but I am a businessman, and it is impossible to do favors with a large amount of money. Nowadays, the price of properties is one per day, and buying properties at market prices is If you are losing money, how can you buy a property at a premium?”

He Jiahao felt that Chen Songqing's brain was funny. He thought about deceiving people all day long, without even looking at who he was. How could a person who had conquered such a huge empire be so easily deceived.

"Then what price does He Sheng want to offer?" Chen Songqing became weak.