Chapter 398 New Creative Product: Storage Box

Chapter 398 New Creative Product: Storage Box

Chapter 398 New Creative Product: Storage Box

Although it is affiliated to the Changxing Group, the publicity of the Hong Kong Chinese Daily is not groundless or exaggerated.

As early as last year, the total tonnage of Yang Wendong's ships exceeded 200 million tons. Although more than half of them were old ships, they were all in operation. Regardless of low profits or other problems, their tonnage was naturally counted.

Throughout 1963, Changxing Shipping continued to acquire old ships. When other shipowners and even Tung Chao-Yen began to no longer want old ships but new ones, Changxing Shipping still acquired more than 25 old ships with a total tonnage of more than 50 tons.

With the new ship acquisition this time, the total tonnage of Changxing Shipping will exceed 300 million tons, which exceeds Dong Haoyun's 260 million tons.
As for British companies such as Wheelock and Swire, the cargo ships under their control may exceed 300 million tons, but the problem is that the ships of these companies are not registered in Hong Kong, and many of them do not do business in Hong Kong. It is a bit of a stretch to say that they are Hong Kong shipping companies.

So this time, it is not a problem for Yang Wendong to be called the No. 1 shipping tycoon among the Chinese in Hong Kong.

In an 18-storey office building in Central, Tung Chao-Yen was reading a newspaper with a dark face, which frightened the people standing around him into silence.

In the end, it was Tung Chee-hwa who said, "Dad, Yang Wendong is much better than us in terms of funds. All of his industries are run very well, and banks in Japan and Hong Kong are more confident in him.
In this case, as long as Yang Wendong dares to invest heavily in shipping, it is only a matter of time before he surpasses us, so don’t worry about it.”

"I can't help it. You're right. I'm far behind in terms of capital." Dong Haoyun shook his head and said, "I'm also optimistic about the future shipping market, but the banks are unwilling to give me a higher credit line."

Many times, no matter how optimistic investors are, they are helpless when facing banks with strong risk control. Without sufficient funds, it will be useless.

Dong Jianhua added: "And according to normal development, it would be difficult for Yang Wendong to surpass us in a short period of time. The strange thing is that he is still buying old ships. The speed of buying old ships is much faster than that of buying new ships. It's all about money. We just don't know why he wants to do this."

"I'm also confused." Dong Haoyun said, "I've thought about this question. There are two possibilities. Either Yang Wendong cares a lot about the reputation of the No. 1 shipping king, so he buys second-hand cargo ships on a large scale, so that he can quickly achieve this goal;
Another possibility is that he is very sure that the shipping market will grow greatly in the future. Only in this way can the old ship he buys now get a higher value. However, this time has to be fast, otherwise the old ship will have to be scrapped after another seven or eight years. "

Tung Chee-hwa said: "I see that Yang Wendong has always been relatively low-key and doesn't seem like someone who wants to be number one."

"Forget it, forget about him." Dong Haoyun sighed and said, "Let's just focus on our work. Taiwan will also build two oil tankers for Yang Wendong. You keep an eye on it. If it succeeds, we will consider buying one later. The price is really cheap."

"Okay." said Tung Chee-hwa.

In an office building in Central, Bao Yugang had just finished reading the newspaper and said, "This Yang Wendong is really amazing. It's only been a year, and he has placed an order for more than 40 tons of ships. At this rate, in ten years, the total tonnage will probably exceed million tons."

"Tens of millions of tons, that wouldn't exceed the tonnage of many countries' fleets?" Assistant Aaron exclaimed.

"Haha, that's normal. Now many countries have started to withdraw from fleet operations." Bao Yugang smiled and said, "In fact, my goal is to surpass some national teams, so that I can feel a sense of accomplishment.
It’s a pity that I only ordered 20 tons last year, and Mr. Yang’s order is more than double what I ordered.”

Aaron replied, "Mr. Bao, we have such a good relationship with HSBC, and Mr. Sanders has promised to help us with all his strength. I think we will definitely be able to surpass Yang Wendong."

"It's difficult." Bao Yugang shook his head and said, "You have no idea how terrifying the scale of Changxing Group is now."

"The entire Changxing Group?" Aaron asked curiously, "They are not a listed company, and their data is confidential. I know they are big, but I don't know how big."

Pao Yu-kang said with a smile: "It is not only big, but in terms of scale, it is probably not much different from Jardine Matheson and Swire."

"Not much worse than Jardine Matheson?" Aaron asked in shock.

Bao Yugang nodded and said, “Yes, although Changxing Industrial may not be as big as Jardine Matheson or Swire in terms of company size, several of their products are popular all over the world;

Take the discussion you had with me a while ago about the plastic woven bags on board ships. Do you remember? These plastic woven bags are produced by Changxing Industry. Each of these things costs only a few cents, but think about how many people and companies around the world will need to buy this thing. "

"Yes, there are also plastic bags. Although these things are not produced by them alone, this field accounts for a small part, and the scale is astonishing enough." Aaron also nodded.

Recently, something has happened in the Hong Kong shipping market. That is, many commodities that were previously packaged in wooden boxes have recently been changed to plastic woven bags, especially some small items, powders, granules, etc.

These major changes have also forced shipping companies to make certain adaptive improvements, but they have indeed made things much more convenient.
Bao Yugang said with emotion: "Yang Wendong's strongest point is not shipping or real estate, but his ability to invent. No one knows what kind of product he can suddenly come up with.
These products are not valuable, but they are needed all over the world. When they are produced in large quantities, they will become huge wealth. Then they can invest in real estate and shipping. This combination is really amazing.”

Aaron said, "Mr. Bao, Yang Wendong is not only capable of invention, but also has strong management skills. He has been very successful in the fields of media, supermarkets, and food in recent years."

"Yes, this is really a formidable opponent." Bao Yugang said with a smile.

Aaron said: "But if we only talk about shipping, he may not be better than us. Many people don't understand your long-term lease strategy, but it does reduce the risk. As long as we can continue to borrow money from banks, our scale will grow in the future."

"It's not that they don't understand, but they are reluctant to give up short-term interests." Bao Yugang said with a smile: "However, Yang Wendong's recent radical strategy has surprised me. If he plays like this, once the shipping market fluctuates, I'm afraid he will suffer heavy losses."

"Perhaps, it is because he has a strong manufacturing industry as a backup force that he is not worried and dares to take a gamble?" Aaron analyzed.

It is normal to have confidence in the future. Many people who develop shipping companies have this confidence. After all, we can make corresponding judgments based on the development of the global economy.
But the problem is that operating asset-heavy projects requires bank loans, and in the process of leveraging funds, once there are some fluctuations, it can lead to serious losses at best, or even bankruptcy. Obviously, shipping or any other market, even if it is optimistic in the long term, cannot continue to rise steadily. The process is bound to be tortuous.
Bao Yugang nodded and said, "Forget it, never mind. We just need to follow our plan and buy a new ship."

"Okay." Aaron agreed. In another building in Central:

John Madden, the boss of Wheelock, looked at the newspaper in his hand with a frown on his face. After a long while, he said, "This Chinese company is simply crazy. In less than two years, they have purchased a total of one million tons of ships."

"Mr. Madden, this Eric can be said to be the most powerful Chinese investor in Hong Kong today." A red-haired foreign secretary said with a smile: "Many of his products are sold all over the world and are very popular.

I heard that even London sent people to Hong Kong to negotiate with him to open a factory in London to produce various plastic products. "

John Madden shook his head and said, "Is London crazy? They want to move this kind of low-end industry to the UK?"

The secretary said: "Although it is low-end, it may be more economical to produce it locally in the UK because of the inconvenience of transportation, so it is also profitable."

"Well," John Madden glanced at the newspaper again and said, "This guy's investment is too crazy. I have to say, he is too bold."

"There is a Chinese saying that risks and opportunities coexist." The secretary added: "If you win with this kind of investment, you will make even more crazy money."

John Madden shook his head and said, "A long-term enterprise should not take such risks for short-term gains. This is unwise. Maybe we can win nine times, but if we lose once, it's all over. Let's play it safe. I am more optimistic about the real estate market in Hong Kong now. Let's continue to invest in real estate."

"Okay." The secretary replied.

The news that Yang Wendong once again purchased a ship with a remaining displacement of more than 40 tons soon became a hot topic of discussion in Hong Kong. Many people were amazed at the rapid development of the sticky note king. He is still so young, but his achievements are so high.

Because of this news, many young people began to think that joining the shipping industry might be a good idea, so many people went to the Maritime Academy in Zuijiu Bay, Kwai Chung to sign up, because here, as long as they passed various assessments, they would have the opportunity to join the Changxing Group and obtain high income that is envied by the outside world.

All this did not affect Yang Wendong who returned to Hong Kong. Although many reporters wanted to interview him, his powerful bodyguard team was enough to ensure that no reporter could get close to him unless he took the initiative to accept. At the same time, reporters in this era were not paparazzi and generally would not pester him.
A week later, the news heat died down and the Yang family quickly returned to normal life.

In a house near the Chinese University of Hong Kong, Yang Wendong and Bai Yujie were cleaning the house.

"I told you before that you can just buy whatever you need. Why do you have to move these things?" Yang Wendong said as he packed up the small things.

Bai Yujie shook her head and said, "That won't work. I'm used to many of the toys and daily necessities here, and I won't like them. Besides, we can't waste them, right? Didn't you say that no matter how rich our family is, we can't waste them?"

"Okay, you're right." Yang Wendong smiled and said, "But these small things are not easy to carry. Can I ask someone to send some large plastic bags over?"

Bai Yujie has so many toys, as well as many books, pens, cups and other daily necessities.

Anyone who has moved knows that on weekdays you may not think you have a lot of stuff at home, but once you move you realize: Wow, there are so many things.
Bai Yujie said, "Forget about that. Putting these heavy items in plastic bags will hurt your hands, and many things don't fit in bags. I've already prepared some cardboard boxes."

"But it's raining outside." Yang Wendong looked out the window again: "It's inconvenient for this cardboard box to be touched by rain."

By 1964, the drought in Hong Kong had really improved a lot. It rained occasionally, and it was not summer yet. It could be said that most people no longer needed to worry about water for daily life. Even many of the ships under Changxing Shipping that used to transport water began to do normal business.

However, it is not suitable to move now because it is raining, because cars cannot get close to the old city. After going out, there is still a section of the road that needs to be walked in the rain, although it is not very far.

Bai Yujie also looked outside. It was raining heavily, so she said, "Why don't we put it in the suitcase and transport it out slowly."

"A suitcase? That's fine too." Yang Wendong nodded.

The emergence of trolley suitcases is not only helpful for traveling, but also plays an important role in moving. This is mainly because they are too convenient and easy to pull, which is much less labor-intensive than moving them by yourself, unless you encounter stairs.

"Okay." Bai Yujie quickly took out a 24-inch suitcase and put some things that couldn't get wet in the rain in it. After a while, she said, "Okay, this suitcase is not big enough. I can't put too much in it. I can't buy more suitcases here."

"No one buys too many. Usually one, sometimes two." After Yang Wendong finished speaking, he seemed to be thinking about something, and then said, "I'll borrow your phone and ask someone to send some suitcases over, so that they can be transported all at once."

"Okay." Bai Yujie agreed.

After asking someone to deliver a few suitcases, they were able to get on the bus successfully, and Yang Bai and the other person did not do anything else.
The next day, Yang Wendong came to the Changxing Industrial Park in Kwun Tong, holding a large cardboard box in his hand. He came to Wei Zetao and said, "Old Wei, if we use plastic to make a large box of this size, do you think there is a market for it?"

Yesterday's move made him suddenly realize that he currently has no plastic storage boxes.

This is a market that is much bigger than suitcases.

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(End of this chapter)