Chapter 755: Huangpu Land Success and the "Scapegoat"

Chapter 755: Huangpu Land Success and the "Scapegoat"

Chapter 755: Huangpu Land Success and the "Scapegoat"

"No problem." Wei Zetao was very happy to see that his boss agreed;
Yang Wendong continued, "By the way, if you want to get a loan, you should cooperate with a bank in Taiwan. This way, you will be tied to them and it will be more secure."

Those who were familiar with Hong Kong stars in the past life knew that many Hong Kong stars were banned because of their good relations with the mainland, which led to a miserable life. There were even cases where movie kings were forced to set up stalls.
But Taiwan generally only dares to target celebrities, and basically won't do anything about Hong Kong capital. They don't care that so many Hong Kong tycoons go to the mainland to invest, and even many people from Taiwan itself go to the mainland to invest.
However, just in case, it is most convenient and simple to bind with a local bank in Taiwan. It is the same no matter which bank you use.

Wei Zetao agreed: "Okay, no problem. The banks in Taiwan are actually very eager to cooperate with us."

Changxing Industry is Yang Wendong's earliest business. Although it is not as good as other companies such as Changxing Real Estate, Honor Electronics, Watsons, etc., and its future potential is not so great, he still hopes that this first company can continue to grow;
In the early years, Changxing Industry was the only profitable enterprise in the Changxing Group. Industries including real estate, shipping, electronics, and food were all started with its funds. Now that the latter few companies have developed more successfully, their spare funds can be used to develop Changxing Industry, which can be regarded as completing a cycle.

It’s just that the original creative route is no longer feasible, so the only option is to take the capitalized route, using capital to enter various industries, improve the industrial chain, and seize the market. This is actually the development route of many normal companies. After all, there is only one time traveler, and Yang Wendong can naturally take the path that others can take, and he more or less knows the future trends, which will also be helpful to traditional industries.

The steel industry is indeed a very capital-intensive heavy industry, but once it is built, the returns are also very high. Nowadays, many countries around the world are developing rapidly and are in urgent need of steel. Even China is the same. In the next few decades, China will continue to be short of steel until it becomes oversupplied in the mid-21s.

Of course, if you want to gain a foothold in the mainland market, you have to build steel mills in the country, which is a more difficult condition. In the early days of reform and opening up, domestic control over steel was stronger than oil. We can only wait and see whether there is an opportunity in the future.

Time soon came to mid-June, and the Hong Kong market gradually returned to normal, with the stock market and real estate market gradually recovering;

Hutchison Whampoa's stock price has also gradually recovered, and its market value has once again exceeded 10 billion. The reasons are that on the one hand, Yang Wendong's entry into the company has given shareholders confidence. On the other hand, Richard Xin has been selling useless businesses on a large scale, which has gradually improved the company's cash flow. Thirdly, after the real estate market recovered, the overall value of Hutchison Whampoa's properties has also increased. This has basically allowed Hutchison Whampoa to temporarily get rid of the debt crisis and operate as a normal company.

On the 15th, Zheng Zhijie, Fang Xianming and Richard Xin came to the Connaught Building together:

"Mr. Yang, we have been negotiating with the Hong Kong government for a month. The price for converting the 200 million square feet of land at Hung Hom Pier into commercial land has now been agreed upon at HK$2.3 million. What do you think of this price?" Zheng Zhijie said first.

"2.3 million? It's 7000 million cheaper than before. Do you think the price can be lowered further?" Yang Wendong asked back.

Zheng Zhijie said: "It's very difficult. The Hong Kong government has been holding on to this price and refused to give in. The price of industrial-to-commercial conversion is the basis of the Hong Kong government's bidding. If it is too cheap, it will only affect the confidence of other consortiums to participate in the bidding.

Another point is that the Hong Kong government's bidding has already started, and their fiscal revenue has recovered a lot, so the longer it is delayed, the less they care. "

"Then it seems that we should secure the money first." Yang Wendong nodded and said, "Okay, 2.3 is 2.3. Let's not waste any more time. Let's finalize the contract with the Hong Kong government. After reviewing it and finding no problems, we can sign the contract."

In the next few years, Hong Kong real estate prices will increase several times. Normally, after the development of Hung Hom Pier is completed, the profit will be at least tens of billions. Today's price, no matter how cheap it is, will only account for a few percentage points of the total profit. There is no need to waste time on this. Once the project is completed early, the profit funds can be taken and invested in other projects.

Zheng Zhijie said: "Okay, no problem. If everything goes well, the project can start this year."

"Well, this will also be the largest residential project in Hong Kong." Yang Wendong smiled.

This kind of large area of ​​land in a general location can only be developed into residential buildings, and it is unlikely to be fully developed into office buildings. When developing residential projects, the main focus is one word: fast;

Get the funds quickly and circulate them quickly. This is also the routine of future mainland real estate developers. They can make huge profits during the period of booming housing market, but once housing prices fall, it will form a huge thunder: bang~, such as a certain big company.

Zheng Zhijie asked again: "Mr. Yang, the funds for the development of this piece of land are estimated to be as high as 1 billion. Which bank should we cooperate with?"

High-quality projects are also very much needed for banks, especially those from large conglomerates, because they are basically risk-free.

Yang Wendong thought for a moment and said, "You can give it to HSBC as a gift from Shen Bi for supporting me. However, even if it is given to you, you still need to consult with multiple parties. HSBC should give you the lowest price before we can cooperate."

Although there are often disputes in the market about which of the Changxing Group and HSBC is the first financial group in Hong Kong, Yang Wendong does not care much about it. He is not planning to start a bank for the time being. Besides, even if he does start a bank, Hong Kong is only a small market, and the core must be to go overseas.
The overseas market is too big. Even if HSBC becomes the giant it was in the past, it will be competition with itself, but it won’t be that big. The market is so big that it is impossible for there to be only a few giants.

In addition, the other party was a semi-official organization, and Shen Bi was very capable. If there was no conflict of interest, there was no need for him to go against HSBC. Even if they could not be friends, they should not be enemies.
If there is cooperation, there will definitely be some in Hong Kong.

Zheng Zhijie agreed: "Okay, I will contact multiple banks."

Although the land was once owned by Hutchison, the current cooperation system is that Changxing Real Estate is responsible for the entire project, and Hutchison just needs to wait for dividends;
This is also the default routine for listed companies to transfer profits. Everyone in Hong Kong who has a little knowledge knows it, but as long as it is not excessive and the shareholders and investors of listed companies can also share part of the profits, then it will be fine.

Yang Wendong asked again: "We have discussed with Swire Group about developing their dock before. How is it going now?"

Zheng Zhijie shook his head and said, "There has been no movement from the Swire Group. It seems that they haven't made up their mind yet, but they have already started leveling the land for the dock and have even registered a special company called Swire Properties. I guess they might want to develop it on their own."

"Develop it alone? That's a pity. If it doesn't work, forget it." Yang Wendong shook his head and said. Originally, the Swire Group cooperated with a Chinese real estate company on this piece of land, although the company was kicked out later;
Now, because of my existence, history has changed a lot, and the same is true for the real estate history of Hong Kong. It is estimated that some aspect has influenced Swire Properties, making them decide to develop Swire Wharf themselves.

Fang Xianming also said with regret: "Yes, the location of Taikoo Pier is on Hong Kong Island. In terms of location, it is the best of the three major piers in Hong Kong."

Before the 60s, there were three major docks in Hong Kong: Whampoa Dock in Hung Hom, Kowloon Wharf Dock in Tsim Sha Tsui, and Taikoo Dock in Quarry Bay, Hong Kong Island.
"There's nothing to regret. We already have two of the three major docks. Don't think about owning all of them. That's too greedy." Yang Wendong smiled.
Although he wants to take his career to the next level, in a small city like Hong Kong, it would be bad if he really did it too hard. If he is blamed for the high housing prices in Hong Kong in the future, that would be unfair.

But if you think about it carefully, it is really possible. I now have too many properties in Hong Kong;

It seems that we still need to create a real estate "tycoon" so that people will think of him instead of Yang Wendong when they think of Hong Kong real estate. We need to make Hong Kong people think that Yang Wendong is just a rent collector.

Anyway, I will not be involved in too many residential projects in the future, and I have no choice but to use Huangpu Wharf. It is impossible to build a second Harbour City on such a large piece of land, so that would be a fool’s errand.

Then he asked, "How is Li Jiacheng doing recently?"

"Li Jiacheng?" Fang Xianming didn't quite understand why his boss suddenly mentioned this, but he still replied, "Li Jiacheng has been very active in the real estate market recently, frequently participating in Hong Kong government auctions. In early 74, he even borrowed a large amount of money to acquire some cheap land, and now the returns are lucrative."

"He has some ability, which is good." Yang Wendong nodded and said, "Well, arrange for TVB and Oriental Daily to interview him, and then publicize his achievements on a large scale in the media."

In the past, the high housing prices in Hong Kong were jaw-dropping, but to be honest, Li Jiacheng may have made some contribution to the price of Hong Kong real estate, but the proportion is really not high;
Of the four major families in Hong Kong, the Li Jiacheng family can be said to be the only one that has successfully internationalized. Whether it is Canada, the United Kingdom, Asia, or ports and retail all over the world, it is the success of the internationalization of its industries. Although this money also came from Hong Kong, a lot of it was basically taken out in the 90s;
As for the remaining three major families, they are basically circling around in the Hong Kong market, speculating in land;
In particular, another member of the Li family, whose net worth is not much less than Li Jiacheng, but whose main business has always been in Hong Kong. Their contribution to Hong Kong's housing prices is evident.

But why did Li Jiacheng take the blame? It's because he likes to show off too much. The other three families are much more low-key and have been making a fortune quietly. Chinese people all over the world may know Li Jiacheng's photo, but if the heads of the other three families stand in front of ordinary people, most of them will not recognize them.

Therefore, the only person who can be blamed for his actions now is Li Jiacheng;
Anyway, he also likes to be famous. For some businessmen, they like to be famous themselves, and then drive the development of their industries with the traffic halo of celebrities. In the past life, there were also many bosses of mobile phone and automobile companies who used this routine.

"Promote Li Jiacheng? Why?" Zheng Zhijie asked puzzled;

Yang Wendong smiled and said, "No need to ask. I have my own purpose. This is also a good thing for Li Jiacheng. He likes to be famous."

In fact, this may also be related to Li Jiacheng's childhood experience. His father died early and his mother was in poor health. He took on family responsibilities at a very young age, and he was inevitably bullied when he went out to work as a child laborer.
Later, he went to live with his uncle, but he was not treated well. Even his marriage with his cousin was not approved until he succeeded in his business. You should know that Li Jiacheng was 35 when he got married, and his wife was 33. In this era, getting married so late was already considered very unusual. This would not have been possible if his parents had not disagreed.

"Okay, I will inform Qin Sheng." Zheng Zhijie agreed.

Yang Wendong added: "Also, tell Qin Zhiye to control public opinion in the media in the future and try not to let our company report it. If it is really difficult to do so, then try not to report on our real estate company."

The Changxing Group is too large, and its every move affects half of Hong Kong. The Oriental Daily can choose not to report it, but it is difficult to restrict all other newspapers from reporting it. However, moderate control can still be done.

This is not the Internet era, let alone the mobile Internet era. As long as newspapers and televisions are controlled, it is difficult for ordinary people to know what is happening in the outside world. For example, if the name of the company behind a real estate project is not written, it will be extremely difficult for ordinary people to investigate which company the project belongs to.

This was also the benefit before the Internet. Because of this, after the Internet, many older corporate managers and even government managers did not change their ways and made a lot of jokes.
Zheng Zhijie continued: "No problem, I understand what Mr. Yang means."

He is also a smart man and probably knows his boss's purpose.

A few days later, at the headquarters of Cheung Kong Holdings:

After hearing the assistant's report, Li Jiacheng, who was wearing black-framed glasses, put down the newspaper in his hand and asked in surprise: "TVB wants to interview me?"

The assistant said happily, "Yes, Mr. Li, TVB wants to interview some self-made people in Hong Kong, record their entrepreneurial process and stories, and then make them into a TV show. They will also prepare to write them into books and sell them to the public, similar to some celebrity biographies."

"There is such a thing, and it's my turn?" Li Jiacheng was still a little puzzled: "Then shouldn't Yang Wendong be more suitable?"

The assistant was also unsure, and said, "Maybe it's because Mr. Yang is their boss, so they don't dare to go to him casually, or maybe they were rejected by Mr. Yang."

"Well, it's possible." Li Jiacheng nodded, and then said: "Well, you go and entertain them first, I'll change into formal clothes and then go outside to meet them."

When faced with such an interview, he also has to take it seriously. After all, this may go down in history.

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(End of this chapter)