The birth of the Hong Kong Island family

More than a week passed.

As expected, Halimin Auction House held a land auction for the 'Liao Chong Hing Bank' land, and major real estate developers in Hong Kong participated in it, intending to find out.

In fact, although Hong Kong's real estate and stock markets have some impact at this time, it is only a superficial phenomenon; if there are cheap properties available, people will naturally not miss them.

At the auction, Liao Baoshan was not qualified to sit on the auction seat, and even Liao Liewen and other descendants had no right to sit on the auction seat; otherwise, not only would it not be able to play a surveillance role, but participants might also deliberately not bid.

"The rumors are so terrible, it's really chilling!" Tai said with deep sympathy as he stood in front of Lin Zhichao.

He also suffered from rumors and torture for half a year. Even though we know the rumors are false, they become more and more outrageous as they spread. Eventually, they can easily affect people's thinking, lead to a life of fear, and affect business.

Lin Zhichao said seriously: "What happened to Liao Shengyou today is not all influenced by rumors. 100 million deposits and 8,000 loans are not advisable. This banking model is not advisable. As far as I know, Western banks generally control the ratio above 40%." Deposit-to-loan ratio. Even if he escapes a disaster today, he may not be able to escape it in the future."

Li Gaofu immediately said: "The Chinese banks in Hong Kong are probably like Liao Chong Hing Bank, right?"

Lin Zhichao shook his head and said nothing!

To be honest, he personally hopes that Chinese banks such as Hang Seng Bank will not be acquired by foreign capital. However, without the infusion of foreign capital into Chinese-owned family-owned banks, not only will these banks not be able to develop, but they will intensify their troubles.

For them, the lessons learned from Liao Chong Hing Bank this time are just ‘things that did not happen to them’, nothing more. Everyone would not learn even a single lesson. In the next few years, they would lend wildly to the real estate industry, which eventually led to the bank run incident in 1965, which affected many banks, not just one.

Logically speaking, the 1965 bank run had such a great impact and harm that Chinese-funded banks should be taught a lesson; but on the contrary, the surviving banks quickly forgot about the run and continued to lend their depositors’ deposits to themselves. Lending to family members, lending to friends, and finally the bank runs in the 1980s wiped out these Chinese-owned banks.

The law of the market—survival of the fittest, how could Lin Zhichao interfere!

What the Chinese lack most in doing business is to abide by the rules, keep their credibility, and like to take risks and put all their eggs in one bet.

Of course, it is undeniable that the next overseas Chinese (including Hong Kong) will have the reputation of "Oriental Jews" and will control most of the wealth in Hong Kong, Sing Tao, Thailand, Malaysia, Indonesia and other places.

The auction will start soon.

A total of 12 sites/lots were auctioned today. After the entire auction, each lot reached 70% of the price, because Lin Zhichao participated in the top price.

This price is acceptable to the real estate developer, and the owner should also be acceptable.

Cheung Kong also purchased the original site of the Nathan Theater in Mong Kok, Kowloon. The original plan was to build a 30-storey building as the Mong Kok branch of Liao Chong Hing Bank.

It is valuable because it can be built with a height of 30 floors. It is a commercial and residential building with a certain commercial area, and the lower eight floors can be used as commercial properties.

After this battle, Liao Baoshan's real estate strength was greatly damaged. The property originally worth 50 million yuan could even earn tens of millions, but the value is actually far more than 50 million yuan; but now, only 35 million yuan has been auctioned, and the invisible loss may have reached 50 million yuan. More than 10,000 (based on the sales price one year later).

The Liao Baoshan family is planning to build a "Head Office Building" at 133-134 Des Voeux Road Central, which is the original site of Huaxia Guohuo Company, and plans to build a 24-storey building.

Now I can barely keep it!

Next, I hope that Liao Baoshan's life will be saved too!

The next day.

It is suitable to open on Saturday, July 14th.

Universal Building at 77 Des Voeux Road Central officially opened today.

This is a 22-storey first-class office building with steel girder steel structure and glass curtain wall. The side near the sea can see the beautiful scenery of Victoria Harbor and Kowloon through the glass curtain wall.

On the opening day, Lin Zhichao invited some business friends to participate, but did not invite Liao Baoshan, because he was worried that he would be stimulated again.

After the celebration, Lin Zhichao came to the office of Global Shipping on the top floor.

"Husband, the scenery here is so beautiful!" Xu Caiying also came to his office to join in the fun, and said excitedly in front of the glass curtain wall.

Lin Zhichao looked at the beautiful woman's back, then looked at the scenery outside the window, and suddenly became very interested.

"Ah! Husband, what are you doing! How bad it is to be seen!"

Xu Caiying felt embraced by Lin Zhichao from behind, with a strong chest and a manly air.

Lin Zhichao turned Xu Caiying over, a French move.

After a while, Lin Zhichao stopped.

At this time, Xu Caiying was out of breath and her eyes were blurred.

Afterwards, Lin Zhichao sat on his leather seat and watched Xu Caiying arranging his clothes with great interest.

Xu Caiying is wearing a Western-style dress with high heels; in this era, women almost all wear cheongsam-style clothing, which outlines a beautiful curve, with slits on the side of the thigh to perfectly show the beautiful legs, high heels on the feet, and high heels on the hands. Wear a fine watch.

Cheongsam-style clothing is not necessarily a formal cheongsam, but a variety of improvements; those from poorer families may use plaid cloth, and those from better families may use imported materials, which can be seen at a glance.

As for Lin Zhichao's two wives, Tang Caiyun prefers to wear Chinese style and occasionally wears Western style, while Xu Caiying likes to wear Western style clothes to look more beautiful. The reason why Tang Caiyun likes to wear Chinese style is because she wants to do things that fit "Mrs. Lin". Xu Caiying is not so scruples, and with Lin Zhichao's permission, she likes to dress in Western style.

Of course, in Lin Zhichao's eyes, both Chinese and Western styles can reflect a woman's beauty, but the key lies in the person's own conditions.

"Honey, did you just want to mess around?" Xu Caiying came to Lin Zhichao and said softly.

"How can you talk nonsense, you and I are my wife, what's wrong with being a little closer!" Lin Zhichao stretched out his hand to Xu Caiying's long legs, feeling the smoothness and delicateness on them.

"No! It's bad to be seen by others, and you, the chairman and general manager, will be ashamed!" Xu Caiying said no, but she showed Lin Zhichao her jade legs perfectly, leaning on the desk.

Lin Zhichao also stopped. After all, it was unrealistic to have a real fight in the office.

"Recently study the feasibility of ordinary seamen joining the pension system!" He talked about business.

Under the training of Lin Zhichao, Xu Caiying also gradually adapted to the job of global shipping - the chairman of the compensation committee, which is considered a idle job; after all, these women have to take care of the children at home.

Xu Caiying immediately stood up straight, and said seriously: "The loss of ordinary seafarers is serious. Generally, after the expiration of the three-year period, they will not be needed for the time being. Either they will continue to apply after spending all their money, or they will apply again after they get married and have children. The biggest reason is , that is, although they have one month of vacation every year, it is difficult for them to return to Hong Kong because the air tickets are too expensive and the ship is too slow."

Of course Lin Zhichao knows these problems, but what can be done in this era, but now air tickets are a little cheaper. After all, jets join the route, the number of passengers has increased several times, and the time has been cut in half.

Lin Zhichao said: "Excellent seafarers after the expiration of the three-year period can be considered and given more favorable treatment, such as 35 days of vacation every year, and one round-trip air ticket underwriting. In short, the company's benefits should be gradually improved."

Xu Caiying nodded. She admired her husband's ability to make money and his ability to provide employees with the best benefits.

Indeed, Lin Zhichao has been optimizing the welfare of his seamen. At present, senior seamen have stabilized and the attrition rate is zero. The quality of ordinary seamen must also be taken seriously.

After all, the salary of seafarers in Global Shipping has reached 300 Hong Kong dollars per month, while the salary of skilled workers in Hong Kong is only 150 Hong Kong dollars, which is double the difference.

Theoretically, as long as a seafarer can take 35 days off every year and hang out with his wife for a month, he can go out and make money. As for whether his wife can restrain herself, that is not something Lin Zhichao can interfere with.

After more than a week.

Lin Zhichao suddenly heard the news, and Liao Baoshan still tore it up.

According to Liao Liewen on the phone, after the land auction, his father was still in a very low mood and couldn't sleep at night, which eventually led to a sudden fire and a cerebral blood vessel burst and died.

It was very euphemistic, but Lin Zhichao knew that Liao Baoshan took money too seriously, probably because the more he thought about it, the more angry he became, and the more he thought about it, the more grief-stricken he became, and in the high-intensity state that lasted for more than 30 days, he eventually died.

Even if Lin Zhichao enlightens us about this hurdle, how can a person's character be influenced by others?

Why!

Lin Zhichao hung up the phone sadly, feeling depressed for losing a friend.

It was not possible!

The value of Liao Baoshan's properties is at least 150 million, of which more than 100 million are his personal assets. If you have a better mentality, you can definitely make up for the losses before 1965, and it can also grow a lot.

The only loss was that Liao Chong Hing Bank's reputation plummeted and its deposits could only be maintained at tens of millions.

But so what, the Liao Baoshan family has grown up and will be steady and steady in the future. None of the five real estate tigers can be his opponent.

After all, at this time, Guo Desheng, Li Zhaoji, and Chen Zengxi have only entered the real estate industry for two or three years, Zheng Yutong and Hu Yingxiang have not yet entered the real estate industry, and Li Jiacheng has been completely "abandoned".

“A person’s character really determines a person’s success or failure!”

Finally, Lin Zhichao shook his head and said.

People have to live longer!

If you don't live long, everything will come to an end!

The second generation can only keep wealth at best, and few can surpass the first generation.

For example, the first generation of the family such as Xu Aizhou, Liao Baoshan, and Ho Tung, the value of the wealth they created in this era is far higher than the value of future generations.

Xu Aizhou's wealth in this era is at least 200 million. Based on the appreciation of a house from 40,000 Hong Kong dollars to 40 million, the Xu Shixun family's 40 billion assets in later generations are not qualified. Not to mention, to develop and grow.

Liao Baoshan had assets of 100 million in this era, and the Liao Baoshan family later became tens of billions, so naturally they were not qualified.

In fact, none of the family's assets exceed the appreciation of real estate, which shows that 'it is better to do nothing than to do more'.

This is also the reason why Lin Zhichao is keen on investing in commercial projects. At least with these commercial buildings in his hands, the family wealth can increase exponentially.

A few days later.

When Liao Baoshan was buried, Lin Zhichao sent a wreath and attended the funeral in person to see him off for the last time.

"Uncle Lin!" Liao Liewen took his younger brother to entertain Lin Zhichao.

In fact, Liao Liewen was only two years younger than Lin Zhichao, but Liao Baoshan originally asked him to call him Uncle Lin Zhichao.

Lin Zhichao patted Liao Liwen on the shoulder and said: "Brother Liao is very capable and capable! You must learn from him and persevere in your work. First stabilize the rear, and then plan for it slowly. Don't let Brother Liao's career stagnate. I believe this is not what he wants to see."

Liao Liewen nodded seriously and said, "Uncle Xie Lin is here to help! Please come here!"

The Liao family looked at Lin Zhichao respectfully. They all knew that the Liao family was able to keep most of their assets thanks to Lin Zhichao's guidance and a 10 million loan.

This fund is very valuable and can at least allow Liao to save two or three properties.

What's more, during the auction, Liao Baoshan also mentioned many times that if it weren't for Lin Zhichao, Liu Chengdu might have been auctioned off.

Sitting at the guest table, nodding with friends, and then sitting down to see Liao Baoshan off for the last time.

A generation of business heroes disappeared like this!

In the mid-1950s, one of the most powerful people in the real estate industry has disappeared. History is really rolling, and no one can control it.

If these people are still there, how can the real estate five tigers of future generations be able to succeed?

Li Kangjie, the "King of North Point", was so powerful back then. There was no opponent in North Point, and Lin Zhichao was not willing to provoke him. Although he could win, it would be detrimental to himself, so why bother to fight that kind of battle. As a result, there was a sharp decline, and the law firm stopped paying, and the North Point land king became history. In the past few years, there had been real estate development, but it was just a small project, and it has long since ceased to exist.

Although Chen Detai survived the "bankruptcy crisis", his personality has changed and he no longer has the courage to develop large-scale projects independently. Later generations became attached to British-funded consortiums to assist them in developing real estate. In the end, he became an outcast and was abandoned by British capital, which did not become a big trend in real estate.

Liao Baoshan, if he had not died, would have been the boss of the Five Real Estate Tigers. It's a pity that he just can't understand this, so now his son will become cautious when taking over. Although he continues to develop real estate, it is no longer worthwhile.

Although the real estate development of Airship Tai has been smooth in recent years, due to being robbed of many opportunities by Lin Zhichao, it can only be regarded as quite satisfactory. Its assets are only tens of millions of Hong Kong dollars, and it has not yet touched the threshold of 100 million yuan. And in the 1960s, people would be targeted by the Hong Kong government just because they had contact with and sympathized with the opposite party.

Li Gaofu is now blindly pursuing stability. The residential properties he develops are actually 50% rented and 50% sold. In addition to the development of two commercial buildings, development has also slowed down. After all, if it weren't for strong funds, the most important thing would be the smooth flow of goods.

Zhang Yuliang, suppressed by Lin Zhichao, has long since lost his stamina, and his development potential is far lower than in his previous life.

The top ten real estate developers that were active at the beginning no longer dominate. Instead, more and more real estate developers are joining in, showing a state of blooming flowers.

Even Yangtze Real Estate, in the eyes of outsiders, develops a lot fewer properties every year, and it seems that it is not as domineering as before.

The run on Liu Chong Hing Bank only temporarily affected the real estate and stock markets. Soon everything returned to normal, and Hong Kong real estate continued to enjoy prosperity.

The Hong Kong government is sharpening its knives and is preparing to put up more official land for auction and continue to pile up the city.

The biggest increase is of course the commercial land in Central. Land in areas such as Tsim Sha Tsui, Wan Chai and Causeway Bay has begun to rise sharply.

Commercial land in Central is already priced at HK$1,300 per square foot, land in the Tsim Sha Tsui business district is also priced at HK$600 to 800 per square foot, and some commercial land in Causeway Bay is already as high as HK$400 or 500 per square foot.

In the office of Cheung Kong Holdings.

Lin Zhichao flipped through the financial statements and soon had an idea.

This year, Cheung Kong Holdings can earn a profit of HK$70 million, making it a giant real estate company, of which 35 million comes from development real estate, 25 million comes from commercial real estate (including hotels), and 10 million comes from the stock market.

If the expenditure for purchasing land is controlled at about 100,000 square feet, then the expenditure will be 20 million.

It is estimated that the cash flow on the account at the end of the year will be around 100 million.

After the profit is made, the profit every year will be around 70 million, which makes me very happy to think about it.

But he is also very troubled. The annual official land auction in Hong Kong only amounts to 150 to 200 million. With so much money, he has no way to invest.

Therefore, Lin Zhichao hopes that there will be a good Central building for investment.

After all, investing in a large Central building now requires about 50 million, which is the best way to consume funds.