The rise of Hong Kong's wealthy families

(This chapter was blocked five or six times, so I had to delete some characters and rewrite it. Sorry!)

Early October 1977

Gold has appreciated significantly, soaring to $188 per ounce.

Standard Chartered Bank Trading Room

After listening to Qian Jun's report, according to experience, gold will appreciate all the way, but He Jiahao believes that there is not much room for gold to appreciate in the future, at least before the first Wharf War.

And now we are very short of money, lack of funds to buy Wharf stocks, lack of money to buy properties, lack of money to buy Huamei Real Estate Company.

"Close the position, Qian Sheng." He Jiahao took a deep breath. Stock trading is like gambling. It must be done in moderation. You must not make the last penny, otherwise you will lose everything.

Qian Jun was stunned. It was obvious that gold would continue to appreciate in value. It would be a loss to close the position now. "He Sheng, gold will continue to appreciate in value."

"I know, close the position." He Jiahao didn't want to talk nonsense. It's not good for a trader to always interfere with the customer's decision.

Seeing He Jiahao's unkind look, Qian Jun knew what was going on, so he quickly said, "Yes, close the position immediately."

Due to the obvious appreciation of gold, many people in the market were in urgent need of buying gold orders, so the position closing was completed within an hour.

"He Sheng, 4 million yuan was used to buy gold at a price of 118 US dollars per ounce with ten times leverage. The average selling price was 188.5 US dollars per ounce, and the income was 63.8983 million yuan. After deducting all expenses and taxes, the profit was 17.6467 million yuan, and the capital withdrawn was 21.6467 million yuan. Ten thousand."

Listening to Qian Jun's report, He Jiahao's heart beat faster and faster, as if he was about to jump out.

"Okay, what's the situation in Wharf now?"

Qian Jun continued to operate, "Wharf does not have many scattered shares on the market. There are about more than 4 million shares, and the stock price is 10.6 yuan. You currently hold 3.01 million shares of Wharf and a leverage loan of 30 million."

"What about the stock price of Huamei Real Estate Company?" He Jiahao thought for a moment.

"He Sheng, the stock price of Huamei Real Estate Company has risen. The stock price is now 0.7 yuan per share. Do you need to buy it?" Qian Jun looked back at He Jiahao, his voice full of shock.

He Jiahao suddenly thought about it. Now Wharf owes 30 million in loans. The monthly interest is hundreds of thousands, which is not a lot. The stock of Huamei Real Estate Company has risen slightly. If you don't buy it now, it will be more expensive next year.

"The 10 million in the account was used to buy shares of Huamei Real Estate Company, and the remaining 11 million was used to buy Wharf stocks."

If the strategy of leveraging loans to acquire stocks is adopted, the interest will reach 2 million per month.

This is scary and makes He Jiahao a little scared, because the money will not be earned back in a short time.

"Yes!" Qian Jun started to work again.

He Jiahao stayed for more than an hour, then left the trading room and drove back to Causeway Bay.

After meeting up with Huo Jianning, they headed to the auction together.

Even though they are currently short of funds, it does not prevent them from picking up leaks and buying as much as they can afford with a few million dollars.

According to the plan, Huo Jianning will go to the bankruptcy auction, mainly to auction some small properties, land, luxury cars and antiques, while He Jiahao will auction official land, ranging from several million to hundreds of millions, mainly to see it. one time.

When the auction arrived, the two of them went separately.

Entering the auction venue, He Jiahao chose a corner seat near the aisle and sat down.

The timing of the auction of official land by the Xiangjiang government is just right, which also indicates that Xiangjiang real estate is gradually recovering, and high prices should be achieved.

Many real estate developers participated in the auction, such as Jardine Land's Pau Fuda, Hepu International's Taipan Weilisi, Sun Hung Kai's Feng Jingxi, and Huanghe Industrial's Li Jiacheng.

The tycoons were all talking quietly. They were too busy on weekdays, and it was rare for them to gather together today.

Ho Ka-ho observed carefully and found that Li Ka-shing was not the core figure of Huazi, but seemed to be a peripheral figure at the core level. The most popular ones were shipping king Bao Yugang and Sun Hung Kai's Feng Jingxi.

The shipping king is worth several billion and has the intention of "abandoning the ship and landing", so he is naturally the first choice of the tycoons for cooperation, not to mention the good reputation that the shipping king Bao Yu has just accumulated has spread throughout Hong Kong.

There are so many real estate developers in Hong Kong. There are not 1,000 but 800 real estate companies like Manulife Development. Of course, they cannot get into the eyes of these tycoons.

British real estate developers gathered together, led by Bao Fuda from Jardine Land Company, and were talking animatedly.

Soon, the auction began.

"Welcome to the auction"

"We have been invited to offer our first auction item, a 23,000-square-foot commercial land at No. 13 Ferry Street, Yau Ma Tei. The starting price is 16 million, and each bidding price is no less than 100,000 yuan. Boom!"

The auctioneer banged his hammer to signal the auction to begin.

"20 million." He Jiahao raised the No. 47 sign and shouted out the high price.

Of course he couldn't afford it, he just wanted to have fun by shouting it out. Anyway, Yau Ma Tei on the Kowloon Peninsula is a newly developed site, close to the core area of ​​Tsim Sha Tsui, and some real estate developers have made bids.

"Is there any price increase? Thirty million per time."

"21 million!" Someone raised the price.

"24 million." He Jiahao shouted that he was addicted and a little drunk.

"24.8 million!"

He Jiahao is ready to give up. It's not that the land is worthless, but that he has no money and has to save a small amount to buy Wharf stocks.

"27 million!"

Li Jiacheng of Huanghe Industrial suddenly called out the price, and Huanghe Industrial finally bought the land for 29 million.

The second piece of land was a 43,000-square-foot site on Hoi Chak Street in North Point, which was later built next to the Towngas Company and only 300 meters away from Taikoo Place.

"The starting price is 26 million, and each bid will be no less than 100,000!"

A total of 9 pieces of land have been prepared for this official land auction. As for the order of the auction, it is definitely impossible to know in advance.

The sixth land is the land next to Happy Valley Cemetery.

When they heard about this land, the real estate developers all looked at each other.

People in Xiangjiang are quite superstitious, and the rich are even more superstitious. They think that being close to a cemetery is unfavorable, and there may not be many people to buy residential developments.

This land area is 26,000 square feet, and the starting price is only 5 million.

Apparently the government has no hope for this land either.

You must know that this land is only 2 kilometers away from Wan Chai, and its geographical location is extremely advantageous.

When the auction was about to pass, Ho Ka-ho thought again and again, and finally raised his sign to win the Happy Valley Cemetery site in Wan Chai for NT$5 million.

"This guy is really a fool. He even dares to take such land. I don't know how much he will lose for 5 million."

"A bit like the newly emerged boss of Yunzhimeng."

"If it weren't for Happy Valley Cemetery, this piece of land would probably cost over 40 million. He got a bargain, hahaha."

"If it's 3 million, I can consider it. 5 million is too expensive."

Everyone felt that He Jiahao was too expensive, and they made all kinds of sarcastic remarks.

In fact, He Jiahao knew very well that if the real estate market was not so bad, there might be competitors, and he would definitely not be able to win 5 million.

He knew that building a building now would definitely result in losses, but if it was delayed until the 1990s, making a few hundred million would not be a problem.

As for the land price of 5 million, the only option is to get a loan.

How much can you get for 5 million?

It’s not too much to buy tens of thousands of square feet in places like Tuen Mun and Tsuen Wan in the New Territories. You can buy a one-story building in Causeway Bay.

For each subsequent piece of land, He Jiahao raised the price, but none of them bought it.

After the auction ended, everyone started chatting in small groups and communicating with each other. He Jiahao glanced at the tycoons and gambling kings, and then left the auction venue.