Chapter 413 The beginning of the Chinese standing up

Chapter 413 The beginning of the Chinese standing up

Chapter 413 The beginning of the Chinese standing up

Yang Wendong continued, "However, it is hard to say when Singapore will be able to stabilize. You can use the capital you recently cashed out to invest in supermarkets in Taiwan with Wang Yongqing.
In the real estate business, we will mainly invest in Taiwan in the short term, but we can only invest indirectly there. Once Singapore stabilizes, we will turn all our investments to Singapore.”

In fact, in terms of investment convenience, Taiwan is better, after all, it is close and they have factories there, but the problem is that the Taiwanese government does not allow foreign direct investment in the real estate industry. Although it is possible to go around it, it is too troublesome and has a cost. If the investment is too large, it will not be cost-effective. That is, for the supermarkets and cinemas, otherwise he would not be in a hurry to invest now.

Once Singapore becomes a country, the restrictions will be much smaller than those of Taiwan. In addition, the Hong Kong real estate crisis has not yet reached bottom, so it is just the right time for me to invest.

Even at that time, Singapore was in great need of basic industries. If the conditions were right, they could be relocated. After all, Yang Wendong was also planning to carry out appropriate industrial upgrades in Hong Kong. Some of them could also be moved to Taiwan or Singapore. With two alternative locations, he could also get the most benefits.
"Okay, I understand." Zheng Zhijie nodded and agreed.

Yang Wendong smiled and said, "Okay, that's it. We still need to make every effort to cash out our non-core properties in the next three months, and investigate Singapore while we're at it. There's no need to do anything else."

Seeing that the real estate crisis was about to come, there was really nothing that the real estate companies could do. Even if they wanted to buy at the bottom, they had to wait until 67, which was still a long way off.
On October 1964, 10, a major event occurred thousands of miles away from Hong Kong, but no one knew about it yet. Although Yang Wendong knew about it, he didn't know what to say. In his estimation, what he had done in Hong Kong over the years should not have an impact there.

After this incident was made public, the world was shocked and many people doubted it. Although photos may be faked, the earthquake waves generated by this incident cannot be faked.
As a result, the international situation changed. The Chinese community stood up from then on. With this, the possibility of large-scale ZZ happening in China again is not great.

Of course, all this is just the beginning. It requires the cooperation of many different national treasures to ensure peace in the world. Having a sword in your hand but not using it is different from having no sword to use.
The impact of this incident has just begun. Even in a few years, the foundation for the mainland to return to the United Nations and establish friendly relations with Western countries will be closely related to this incident.

The status of the Chinese people has naturally improved, including the Chinese in Hong Kong. It is precisely because the mainland has returned to the United Nations and has a certain say in international affairs that Chinese capital in history has been able to launch attacks on British capital. Otherwise, there would be no chance at all.

In the following days, the international media also exposed the incident, causing an uproar around the world. Hong Kong immediately copied the overseas reports. For a time, public opinion was rife. Many people did not know the significance of it, and some expressed their different opinions. In short, it was very lively. However, Yang Wendong did not participate, nor did he allow his newspapers to express too many opinions.

It is better to stay out of ZZ affairs, at least in this era, because there is no need to express your opinion. Real help comes from actions, not words. It is more meaningful to do things with practical actions.

On October 10, when most people in Hong Kong were still discussing this matter, Yang Wendong came to the Four Seasons Hotel and met with Ho Sin Hang of Hang Seng Bank.

"Hello, Mr. He." Yang Wendong said with a smile and shook hands.

"Mr. Yang, hello." He Shanheng sat down and said directly, "Mr. Yang, I have something to ask you first. Your Changxing Real Estate has been cashing out real estate properties on a large scale in recent months. Did you predict that the housing prices would soon go wrong?"

"I'm not optimistic about Hong Kong real estate, everyone knows that, right? And I'm not the only one." Yang Wendong said with a smile.

As early as mid-1963, Changxing Real Estate stopped acquiring new land. This "commercial brake" behavior actually attracted the attention of peers and banks, and this year's actions were even bigger.

However, there are actually many smart people, or in other words, many timid people, who, seeing that housing prices are so high, have also stopped or cashed out. Of course, there are also many people who blindly believe that housing prices will rise forever.
Ho Shanheng smiled and said, “Yes, I also think that the current housing prices are too high, but no one knows when problems will arise, or what problems will arise, whether it will just fall a little and then rise again, or will the situation in 57 return.

But I see that Yang Sheng's movements are very fast, do you think the time is coming soon?"

"This is just my judgment. I don't know when something will go wrong, and I don't care. As long as I cash out and leave, that's all." Yang Wendong smiled and said, "Mr. He, I'm not a god, how can I predict the future?"

In fact, other people had asked about this as well, but he had given vague answers. His actions were indeed rather large, so there were bound to be people who had doubts.

Fortunately, my scale is not super large now, so I can still cash out. If I do this in 72, I am afraid it may not work. However, the economic crisis in 73-74 mainly caused the decline in stocks, housing prices and land prices, which were far less than those in 65-67. At that time, there was no need to cash out real estate on a large scale. I just needed to control myself from entering the market at high prices.

"Okay." He Shanheng didn't ask any more questions. He also knew that Yang Wendong didn't need to answer clearly. Then he said, "Mr. Yang, you have returned a lot of funds to me recently. How about we cooperate in other areas?"

Ho Shanheng was also confused about the repayment from Changxing Industrial. They suddenly paid back tens of millions, which was a huge sum of money for Hang Seng Bank, whose total assets were only hundreds of millions.

Under normal circumstances, banks do not need to have too much capital on hand, because only by lending out funds can they make profits to pay interest to depositors, otherwise the bank will suffer heavy losses.

Originally, Hang Seng Bank was developing smoothly and its funds were planned. The sudden increase in repayments became a source of losses. However, the previous contract with Changxing Real Estate clearly stated that the loan could be repaid in advance, which was unlikely to happen. How could a real estate company repay the loan in advance? Now he understood why Changxing Real Estate insisted on this.
Of course, this is not a big problem, as long as the money is loaned out again. Yang Wendong smiled and said, "Mr. He, I plan to invest in Southeast Asia. Can your funds be converted into US dollars?"

"It's OK for a small scale, but not for a large scale." Ho Sin Hang shook his head and said, "Mr. Yang, you also know that HSBC controls Hong Kong's foreign exchange. Even Standard Chartered has fallen behind."

"Well, in the short term, my investment in Hong Kong will be relatively small." Yang Wendong paused and said, "Mr. He, I'll give you a suggestion. If you don't like it, just ignore what I said."

"Please speak, Mr. Yang," said He Shanheng.

Yang Wendong said: "If you believe my judgment that the real estate market may have problems in the future, then you should have some funds in your hands. You also know that once the real estate prices fall, the value of the collateral in the hands of various banks will fall;

Although you can urge real estate companies to repay debts or increase collateral, this may not be feasible when the real estate market is in trouble. In this way, the risk of banks will increase sharply. Having cash in hand can at least avoid some risks. "

Yang Wendong was reluctant to tell people about the impending run on Hang Seng Bank, as no one would believe him if he told them, so he simply changed the mode of warning. Anyway, no matter whether it is a company or a bank, as long as they have more cash on hand, they will be better off in any crisis.

Of course, when there is a serious run on the bank, tens of millions of dollars is just a drop in the bucket. It is actually difficult for Hang Seng Bank to escape this.
"Well, I'll think about it." Ho Sin Hang also said, "But now Hang Seng is not owned by me alone. We don't know when the real estate crisis will come. If there is a large amount of money in the account for a long time, I'm afraid the shareholders will not be able to justify it."

"Mr. He, you are joking. They are just some small shareholders. Don't be influenced by them." Yang Wendong smiled and asked, "Mr. He, you came to me today because of our last discussion about investing in Hang Seng Bank, right?"

Ho Sin Hang nodded and said, "Yes, the valuation of Hang Seng Bank has been calculated. The total is 3.2 million Hong Kong dollars. It was calculated by several auditing companies. Mr. Yang can check the records in this regard after he buys the shares. If there are any problems, after multiple parties confirm together, the funds you or other shareholders invested can be refunded or supplemented."

"3.2 million? Okay, I can buy shares, and the audit can be done after I buy shares." Yang Wendong paused and asked, "Then I wonder how many shares you can give me?"

"How about 3% of the shares?" Ho Sin Hang said with a smile, "This time I am going to give up 20% of the shares. First, to raise funds for future expansion, and second, to attract high-quality entrepreneurs like Mr. Yang to join the board of directors of Hang Seng Bank. In this way, we can all develop together."

"Okay, I can raise the funds quickly." Yang Wendong agreed without thinking too much.

Even if history remains the same as before and Hang Seng is acquired by HSBC, it would still be equally cost-effective for me to become a shareholder of Hang Seng Bank which will be acquired by HSBC in the future.

However, he did not know what would happen if Hang Seng Bank was squeezed in the future. He also did not know whether Hang Seng Bank had ever expanded its shares to attract other investors in the past.

Maybe this is a small matter or it is kept secret, so there is no record of Hong Kong's business history in the previous life. It may also be caused by his own butterfly effect. In today's Hong Kong, except for some major events, everything else may be affected by him. Changxing Group is now so large, this is inevitable, and even overseas companies may be affected.
Ho Sin Hang said, "I welcome Mr. Yang to join our Hang Seng Bank. However, Mr. Yang does not need to rush to raise funds. I can provide a loan for you."

"You lend me money, and then I buy Hang Seng Bank shares?" Yang Wendong was stunned and asked, "Isn't this equivalent to me getting something for free?"

There are indeed such cases in business history. For example, HSBC sold Hutchison to Li Ka-shing with its own loan. Li Ka-shing got the controlling shares of Hutchison without paying a penny. After getting Hutchison, he could repay the loan by selling some properties appropriately, which was completely free.

This is also the benefit of having a good relationship with the bank. In many cases, the operation is simply giving away money.
Ho Sin Hang shook his head and said, "That doesn't count. With Mr. Yang's ability, he can easily get a loan of tens of millions of Hong Kong dollars from any bank. If that's the case, why not give it to our own bank?"

"Okay, that's it. I'll send someone to your bank to learn about the specific details of the cooperation later." Yang Wendong nodded and said.

What he is discussing with He Shanheng now are just intentions, and the specific aspects still need to be confirmed by legal and other departments.

He Shanheng nodded and said, "No problem."

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(End of this chapter)