I Want To Be a Rich Man on Hong Kong Island

In the private room, Wu Guangyao, Zheng Yutong, Chen Zengxi, Liao Liewen and others gathered together to discuss the follow-up cooperation of Admiralty 2.

Wu Guangyao first said: "I am willing to form a consortium with you for the follow-up project of 8,000 residential units, and the remaining five commercial buildings will continue to be developed by my family business alone. What do you think?"

Commercial buildings can collect rent for a long time, and the rate of return is much higher than that of residential projects;

Of course, there are two characteristics in the real estate development of Hong Kong Island:

First, everyone likes to cooperate in the development of a project, so that risks can be shared; even if a project loses money, the loss is shared by everyone, just like the "egg philosophy".

Second, from the 1960s to the 1980s, except for the headquarters building, real estate companies generally did not develop rental properties. After the commercial buildings were completed, they would sell them to the public; way of production.

Naturally, everyone has no objection to Wu Guangyao's cooperation arrangement. After all, with the Wu family's financial resources, it is easy to complete independently.

However, everyone is also worried about the real estate situation in Hong Kong;

So, everyone tested Wu Guangyao's tone one after another, hoping to find a "reassurance pill" from Wu Guangyao.

Wu Guangyao said to Zheng Yutong: "Yutong, what do you think? You have also visited the mainland several times, so you must know something?"

Zheng Yutong nodded and said: "I am personally very optimistic about the reform and opening up of the mainland, and I am also optimistic about the future of Hong Kong; everyone should know that the mainland has already allowed private property, so after taking back Hong Kong, why will everyone's private property be confiscated? I still plan to Let’s invest in Guangdong Province!”

Wu Guangyao said with a smile: "Yes, the mainland is very sincere to all walks of life in Hong Kong, and I am also very optimistic about 'one country, two systems'; it can be said that Hong Kong will have more advantages in the future, because there is a big country behind us, and this big country is As the most populous country in the world, the huge market will give Hong Kong's economy more advantages;

Britain's withdrawal from Hong Kong has become a foregone conclusion, and we don't have to worry about the future; some wealthy people can just pat their butts and leave, but our careers and families are in Hong Kong, are you willing to give up? "

After listening to Wu Guangyao and Zheng Yutong's words, everyone found it very convincing and strengthened their determination.

During the chat, Wu Guangyao said with a smile: "I heard that Yutong has been in contact with the Development Bureau recently. Could it be that he has set his sights on the treasure land in Wanchai?"

Speaking of which, as early as when Jian Yueqiang was the chairman of the Development and Trade Bureau, Jian Yueqiang repeatedly urged the Hong Kong government to build a permanent exhibition venue to adapt to the growing foreign trade of Hong Kong; Jian Yueqiang and MacLehose have a close relationship, so MacLehose Li Hao allocated a piece of land in Wanchai for the Development and Trade Bureau to develop a convention and exhibition venue.

Initially, the Development Bureau held high-quality land, which was up for grabs;

However, since the Sino-British negotiations started, real estate developers who were originally interested have withdrawn one after another. For a while, no one was interested in this project.

According to Wu Guangyao's guess, Zheng Yutong should have contacted the Development and Trade Bureau recently, and a preliminary cooperation agreement may be reached in the near future; A preliminary cooperation agreement has been reached.

Zheng Yutong's panic flickered, and he calmed down again in an instant, and said, "Is Guangyao interested in this project?"

In this life, although Zheng Yutong has not developed into a big project (New World Center), it does not mean that he does not like big projects;

This kind of personality that likes big projects will not disappear completely because of Wu Guangyao's appearance.

Therefore, he may have already set his sights on the project of the Development and Trade Bureau Convention and Exhibition Center!

With Zheng Yutong's current strength, it is not difficult to develop this project alone;

I'm afraid, he doesn't want to cooperate with others from the bottom of his heart.

Wan Chai was originally the commercial center of Hong Kong Island, and this piece of land is 350,000 square feet, and it is also a coastal area;

With such a beautiful land, high-quality projects can naturally be built,

So that real estate developers can increase their qualifications.

Wu Guangyao said with a smile, "I'm not interested, just ask!"

Zheng Yutong breathed a sigh of relief, but he also found that he was a little too 'stingy'. Today we have so many friends, and I suddenly feel a little embarrassed.

"I also recently started sending people to the Development and Trade Bureau to ask questions. As you all know, the Development and Trade Bureau held the main land in the past, and the cooperation conditions were quite harsh; now that the market is cold, I want to try my luck. The details have not yet been discussed. What's coming out? Everyone is interested, we can cooperate!" Zheng Yutong knew that Wu Guangyao had eyeliners everywhere in the Hong Kong government, and he really couldn't hide it from him, so he pretended to be generous.

Wu Guangyao waved his hand first, and said: "I won't participate anymore. After so many projects, the company under the company has no energy! Yutong, if we really reach an agreement in the future, don't forget to ask our bank for a loan!"

Zheng Yutong has always been a big customer of Hang Seng Bank, but for the Admiralty Section 2 project, Li Guowei rejected Zheng Yutong's loan request; of course, this is reasonable, let alone a regular customer at that time, it was his own father who loaned such a large amount of money , can not agree.

Zheng Yutong quickly said: "It's natural, I am very happy to cooperate with Hang Seng Bank!"

No one will offend the bank, otherwise many opportunities will be lost!

Others also expressed that they were not interested in developing the Trade Bureau. After all, the future of Hong Kong is uncertain, so who dares to invest heavily;

You can buy the bottom, but you will also make second-hand preparations!

.........

Everbright Building

In Wu Guangyao's office, Feng Jingxi was on the sofa.

Feng Jingxi is the founder of Sun Hung Kai Bank, and Feng Jingxi is a giant in Hong Kong's securities industry. In 1970, Feng Jingxi founded Sun Hung Kai Finance Company. This financial company obtained a banking license in 1982 and changed its name to Sun Hung Kai Bank. It is currently the only bank in Hong Kong. A local bank upgraded from a finance company to a bank.

But the good times didn’t last long. Not long after Sun Hung Kai Bank was established, it encountered Sino-British negotiations, and real estate plummeted;

In the following year, there was a Hong Kong dollar crisis and a bank run;

Suddenly, Sun Hung Kai Bank fell into financial crisis.

Throughout Feng Jingxi's life, luck seems to be not very good, among a group of businessmen; in the late 1940s, Feng Jingxi invested all his family property to wholesale fish fry in Taiwan, but was caught in a storm at sea, and all assets were burned;

After Sun Hung Kai Bank fell into financial crisis, the Hong Kong government, HSBC, Standard Chartered, Everbright and several other syndicates supported the troubled Sun Hung Kai Bank;

However, Sun Hung Kai Bank's problems are not bad, so it has to find its own way out.

There is only one way out, which is to find a big bank as a backer, otherwise small family-owned banks cannot survive in Hong Kong where there are many strong players.

It's just that he didn't expect Feng Jingxi to find him, and Wu Guangyao immediately began to think about countermeasures;

To be honest, Wu Guangyao really doesn't want to invest in these banks, the returns are too low;

In addition, I have too many banks in Hong Kong, so I have no interest anymore!

Naturally, Feng Jingxi did not want to sell his property, but wanted to introduce large capital to ease the current pressure;

In his previous life, Feng Jingxi sold 75% of the shares of Sun Hung Kai Bank to Arab Bank for 700 million Hong Kong dollars in 1985;

Of course, in addition to retaining management rights, Feng Jingxi also signed a stock repurchase agreement with Ahang, with the ultimate goal of the Feng family holding 50% of the shares;

It is a pity that Feng Jingxi died in Vancouver in August 1985.

"Old Feng! I'm not interested in Sun Hung Kai Bank!" Wu Guangyao said with a smile.

Feng Jingxi's expression darkened suddenly. It turned out that he knew that Wu Guangyao was more talkative, so he planned to let Wu Guangyao take a stake in Sun Hung Kai Bank first. Feng's retained the management rights and signed a share repurchase agreement;

In other words, Wu Guangyao was just investing in a business, not embezzling his own company.

However, Wu Guangyao's next words made Feng Jingxi overjoyed;

Wu Guangyao said: "I know the team of an overseas bank - Chiba Bank in Japan, which is the core of the Chiba Consortium; you may not know the Chiba Consortium, but you should know the Lenovo Group of the Chiba Consortium, right?"

Feng Jingxi quickly said: "I know, isn't that your company! I also know about Chiba Bank. It is one of the top ten banks in Japan, and it also has an office in Hong Kong!"

Wu Guangyao nodded and said, "I'd like to help you get Chiba Bank to invest in Sun Hung Kai Bank. If you have any specific requirements, you can talk to them!"

Feng Jingxi was very happy. Since Wu Guangyao was the one who brokered the deal, the deal might meet his own demands—Feng is still the owner of the management right of Sun Hung Kai Bank.

In fact, Wu Guangyao originally intended to sell Hang Lung Bank to Chiba Bank, but in the end he dismissed the idea.

In later generations, although local banks in Hong Kong all have foreign capital backgrounds, there is no such thing as foreign banks taking over;

Local people manage local banks, which is more in line with market demand.

If Hang Lung Bank is sold to Chiba Bank, it is too troublesome to find a local management team!

If Chiba Bank and Sun Hung Kai Bank reach a cooperation, they will be able to hold at least 70% of the shares. Even if Fung buys back the shares in the future, it is impossible to exceed Chiba Bank's shareholding;

As for Feng Jingxi's second son, Feng Yongfa, who is a financial talent, Feng is also suitable as a partner.

In the previous life, all the local banks in Hong Kong fell into the hands of foreign banks. The general reason is that it is difficult for family-owned banks to survive in Hong Kong where there are many strong players. Without a strong backing, they cannot gain the trust of the citizens.

However, Everbright Bank is obviously an exception. Although it is also a family-owned bank, Wu Guangyao's assets were originally world-class. Now he comes to a small city to work, and there are some people who can't get along there.

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