The birth of the Hong Kong Island family

In the evening, Lin Zhichao and his family were enjoying dinner. Except for his eldest son Lin Ruihuan, who is a senior in high school in the United States, everyone gathered together. Moreover, before I knew it, my children were already half-grown children, which was very gratifying.

If family wasn't important to Lin Zhichao, then he wouldn't need to work so hard; he would have spent enough to earn so much money.

Therefore, every time he sees these children, he is more satisfied and relieved. The eldest son Lin Ruihuan is 16 years old, the second son Lin Ruijiang is 14 years old, the third son Lin Ruihai is 13 years old, the fourth son Lin Ruikai and the fifth son Lin Ruidong are 11 years old, the eldest daughter Lin Wanzhu is 10 years old, the youngest daughter Lin Huizhu is 8 years old, the sixth son Lin Ruicheng and the seventh son Lin Ruinan are 7 years old .

During the dinner, the most exciting thing was that Lin Ruihuan called back from the United States today to inform him that he had received the admission notice from Harvard and became the first batch of high school students to be admitted to Harvard.

Xu Caiying said happily: "The boss is really ambitious. He went to Harvard University at the age of sixteen and graduated from a prestigious school at the age of twenty. In a few years, he can join the family business and help."

She was really happy for her sister, and she had always regarded Lin Ruihuan and other wealthy women as her own children.

Lin Zhichao sipped the Romanée-Conti in the wine glass, shook his head unhurriedly, and said: "I hope he can come back with a master's degree. After all, joining the workforce at a young age may not be a good thing. People should enjoy being a student while they are young. In life, learn more campus knowledge, which is very important for life.”

Lin Ruihuan majored in business administration. He always followed the advice of Lin Zhichao and Tang Caiyun and worked calmly and orderly.

Later generations are not afraid of the rich second generation chewing the old, but they are afraid of the rich second generation starting their own business. This sentence confirms that it is a little bit the same in the Lin Zhichao family; of course, what Lin Zhichao really means is that he hopes these children can assist him in his career. , after he retired, he continued his investment methods and directions and continued to develop the company.

Stability is the most important thing!

"Dad, you are going to send me to Canada next year, and I have to go to high school there. Isn't that a bit cruel!" Lin Ruijiang, the second child, suddenly protested.

When adults talk, children automatically shut up or whisper. This is the rule of Lin Zhichao's family. Because of this, these children are only allowed to eat independently at the adult table when they are about five or six years old. If you do not perform well during the period, you may be sent back and return again after passing the exam.

But there is one child who is more unique, and that is Lin Ruijiang, the second eldest child. He was sent back when he was twelve years old. It was not until his younger brothers and sisters were on the table that he calmed down a little.

Tang Caiyun was the first to say: "Your eldest brother went to New York to study when he was 13 years old. Can't you go to study when you are 15 years old?"

Lin Ruijiang said: "It's different! Dad often travels to New York on business, and my eldest brother has a host family, so Vancouver is so unfamiliar! Even if I finish Form 7 and then go to university, I don't have any objections. ah!"

Tang Caiyun was about to teach him a lesson. Lin Zhichao immediately put a hand on Tang Caiyun's wrist, and then said with a smile: "You have a cheerful personality and can eat well wherever you go. It is true that I rarely go to Vancouver, but that doesn't mean I will go less in the future. You First go and stand in front of your father, and maybe you can be a travel guide for me in the future. As for the homestay, I will take care of it for you as soon as possible, so don’t worry, I won’t let you go to a boarding school."

He also has friends in Canada, and he will ask about the situation later; even if there is no suitable host family, then buying a property and hiring a servant and a housekeeper are the same.

The advantage of staying with a host family is that it is easier to integrate into local life. After all, there are friends (children of the host family) living together; moreover, the host couple will also assume the responsibility of guardians, so that the children will not easily go astray.

When Lin Ruijiang heard what his father said, he immediately beamed and said, "If my father thinks so, then I definitely have no objection! Don't worry, I won't embarrass you when I go there. Study hard!"

He is talented and smart, but his attention is not focused enough and he is easily disturbed by external objects. He likes to make friends and even likes to be in the limelight. Over the years, he has brought into the Lychee Garden as many as 500 classmates and friends, if not 800. Maybe there are seven or eight people, or even ten or twenty people.

Tang Caiyun said angrily: "How dare you have objections! It's just studying, what do you think you're doing!"

Lin Ruijiang stopped saying anything. He just protested a little. If Dad and Mommy were a little more authoritarian, he would not dare to compete.

At this time, Audrey said with a smile: "Los Angeles is very close to Vancouver. It only takes more than three hours. You can come to Los Angeles when you have time on the weekends, or I can bring your two brothers to visit you."

Lin Ruijiang immediately said respectfully: "Thank you, Third Mom!"

He still knows how to distinguish between people. If he dares to disrespect the second mother and the third mother, his father will be really angry.

Lin Zhichao is very satisfied with his family, which has truly united. As long as he is around, the family will not fall apart. As for his absence in the future, he cannot worry about it, but the family will continue to inherit the layout laid out over the years.

"Second brother, I will go to high school in London next year!" Lin Ruihai said suddenly.

The implication is that I am one year younger than you and will be in high school next year (14 years old).

Lin Ruijiang suddenly said rudely: "London is very familiar to Hong Kong people. What are you worried about? I'm going to Vancouver, I don't know what it will be like there! So, just be content! "

Everyone laughed, the two brothers were so close to each other that they were fighting like this!

Lin Zhichao had his own plans when he sent his three sons to study in three places.

First, Lin Ruijiang may get a citizenship while studying in Vancouver, which will help develop his career in Canada and even North America in the future;

Secondly, Hong Kong was not at peace the year after, so having three sons overseas could be considered a diversification of risks; therefore, this was the reason why Lin Zhichao, Lin Ruijiang and Lin Ruhai went to high school overseas.

The remaining children are too young, the oldest is only 13 years old, so they are still unable to study abroad. They can spend at most two months abroad during the summer vacation.

Another two weeks have passed and it is already a week before the Spring Festival. Hong Kong has been immersed in the joy of the Lunar New Year, and the festive atmosphere of the Chinese New Year can be seen everywhere.

"Boss, there was a run on Mingde Bank this afternoon!" Hu Zhaoxu came to Lin Zhichao's office and reported an outside situation.

Lin Zhichao suddenly raised his head and asked, "Why did it start in the afternoon?"

He only knows that there will be a bank run in Hong Kong this year, but he doesn't know the specifics.

Hu Zhaoxu often runs outside, and any disturbance in the market cannot escape his eyes and ears.

He said seriously: "In mid-January, according to the usual seasonal increase in market demand for currency, the bank's money began to be tight. At that time, rumors were already circulating in the market about Mingde Bank's financial difficulties. Last Saturday , US dollar checks worth 7 million Hong Kong dollars issued by Ming De were dishonored. This morning, some large customers took their checks to the head office of Ming De Bank in Central District. The bank did not have enough cash to pay. As soon as the news spread, in the afternoon Thousands of people rushed to the Mingde Bank Head Office."

Lin Zhichao put down his work and became concerned about this matter. However, his trust in Chinese banks is only based on Bank of East Asia and Hang Seng Bank, because these two banks are the largest. Although there was a run on Hang Seng Bank, HSBC would rescue him after all.

"Hong Kong's real estate market has already fallen at the end of last year and the beginning of this year!"

Hu Zhaoxu nodded and said, "That's right! Hong Kong real estate has indeed been falling recently!"

I believe some real estate developers can see this very subtle phenomenon, but they won't take it to heart, or they're ready to go.

Lin Zhichao then lamented: "This time, I am afraid that this run is no longer unlucky for one company. In recent years, the major Chinese banks in Hong Kong have invested heavily in real estate and piled up Hong Kong real estate. Now I am afraid that the Domibone effect will kill everyone." ah!"

Hu Zhaoxu's heart trembled. According to the boss, this incident was much more serious than the run on Liao Chongxing Bank!

"Then real estate will also plummet!"

"It won't go up anyway! Think about it, where did the Mingde Bank's money go?"

Hu Zhaoxu thought for a moment and said: "Mingde Bank is directly involved in investing in real estate. There are many real estate projects under construction. I'm afraid it will require an investment of 20 to 30 million!"

Lin Zhichao said: "That's right! The deposits of this small bank are only more than 10 million Hong Kong dollars, and the assets may only be 20 million Hong Kong dollars. Now that he can't get the money to exchange the check, he can only be taken over by the Hong Kong government. Because his real estate project cannot be sold, and he doesn’t even have the funds to continue construction. Moreover, the value of his assets will depreciate due to the sharp decline in real estate. In the end, the shareholders may be seriously injured, their net worth will be reduced by at least 70%, and their bank accounts will be banned from Hong Kong. With all kinds of chain reactions, how could the real estate be as strong as it was in the 1961 Liao Chongxing squeeze event!"

In essence, Mingde Bank has positive assets; however, its properties require funds to start construction and cannot be sold temporarily. In the end, they can only advance funds through the Hong Kong government to complete the real estate project first, and then sell it, and The boss of Mingde Bank settled.

But it is conceivable that the house price will be cut in half this year. In order to get back the advance fund as soon as possible, the Hong Kong government will sell it regardless of how cheap the price is.

Therefore, in the end, I am afraid that there will be very little left for the boss of Mingde Bank.

"It makes sense! The key is that there is still an imbalance between supply and demand in real estate. Coupled with the bank's domino effect, I'm afraid it will be dangerous again this time!" Hu Zhaoxu couldn't help but admire his boss's foresight and likes to use data and market trends to analyze future risks.

Lin Zhichao said: "No way! We have to lose a lot of money, after all, the rent will also drop!"

In fact, Lin Zhichao had a meeting with the commercial real estate department last year. If the lease period can be signed for a long time, if the contract is as long as possible, he can afford a discount. Of course, you cannot force customers to sign long-term contracts.

But after setting the tone in this way, many customers have chosen a three-year long contract, because in their opinion, why not if it can be cheaper? Moreover, what if the rent continues to increase? After all, rents have been rising in recent years.

Finally, Lin Zhichao told Hu Zhaoxu: "Pay more attention to the market and report to me!"

"OK!"

After Hu Zhaoxu left, Lin Zhichao sat in his seat and thought.

By 1970, the Cheung Kong Group also reorganized its assets, grouping the listed assets into the "Cheung Kong Group (after the Changjiang Group was renamed)" and the unlisted assets into "Times Land (after the Changjiang Group was renamed)".

The next day, the front of Mingde Bank's head office was crowded with people withdrawing money.

At 12 noon, the Hong Kong Government Banking Supervisory Commissioner announced that it would take over the Mingde Bank in accordance with Article 13 of the Banking Ordinance.

The run on Matilda Bank set off the first wave of the 1965 banking crisis.

However, as the Spring Festival is approaching, many banks may not think much about it.

I think that just like Liao Chuang Hing Bank in those days, it is a dead Taoist friend rather than a poor Taoist.

As everyone knows, after the Spring Festival, a bank run storm that has lasted for nearly a year will hit, overwhelming Chinese banks. At the same time, the real estate industry plummeted, and hundreds of companies across Hong Kong were declared bankrupt by the courts.

Although Lin Zhichao knew about these things, he would not interfere. After all, it was also beneficial to him.

If real estate does not fall, how can he buy the bottom?

What's more, these Chinese-funded banks definitely deserve it. They regard depositors' money as their own money. In the end, it is the depositors who are unlucky! The reason why Hong Kong people trust HSBC and Standard Chartered Bank is not just because they are British capitals, but because others have strength, credibility, and follow banking rules and regulations.

Of course, Hang Seng Bank is also his friend, but Hang Seng Bank is too big, with an estimated deposit of 7.8 billion Hong Kong dollars. Last year, it surpassed the Bank of East Asia and became the number one Chinese-funded bank in Hong Kong. However, Hang Seng Bank also lends out about 70% of its total loans, and the proportion of real estate loans is quite high.

Once a run occurs, Hang Seng Bank estimates that it will need at least 400 million additional Hong Kong dollars to cope with it!

Of course Lin Zhichao would not be so stupid. If he spent 400 million Hong Kong dollars to save Hang Seng Bank, wouldn't he have exposed all his strength? From now on, the British capital should be wary of him.

What's more, even if Lin Zhichao lent them money, Hang Seng Bank would be seriously injured, and there would be no development prospects in his previous life; in comparison, Hang Seng Bank would only have development prospects if he sold himself to HSBC, and the founders would not suffer.

Lin Zhichao deposited 50 million Hong Kong dollars in Hang Seng Bank, which happened to be due in February. He just didn't want to withdraw it then! If He Shanheng and He Tianlai borrow money, the limit can only be HK$30 million, which is more in line with Lin Zhichao's net worth and can be regarded as everyone's friends.

Saturday, the 28th day of the New Year, is a good time to move into a new house.

On this day, No. 80 Deep Water Bay was officially opened. After five years of construction, this 20,000-square-foot villa was finally completed; so we picked a good day and officially moved into a new house.

Of course, Xu Caiying still decided to live in the villa No. 79, Deep Water Bay, and No. 80, Deep Water Bay, was just a place to live occasionally.

After all, sisters Tang Caiyun and Xu Caiying had such a good relationship that they naturally couldn't bear to separate.

On the day of moving into his new house, Lin Zhichao only invited his father-in-law's family and held a simple ceremony, which was relatively low-key.

"Brother-in-law is indeed a real estate developer. Each of the villas he designed is more beautiful than the last!" Tang Xianqian took his wife and flattered Lin Zhichao.

Lin Zhichao said with a smile: "I just drew a sketch. I didn't have time to actually design it. On the contrary, your second sister has been involved in the design of this villa. So, you are praising the wrong person!"

Xu Caiying looked at her younger brother with interest, as if if you don't come back happy today, your younger siblings will inevitably suffer in front of you.

Tang Xianqian said hastily: "Brother-in-law designed the exterior beautifully, and the second sister participated in the design of the interior is also very tasteful. Your husband and wife cooperated with each other to create such a beautiful villa."

"Your reaction is quick!" Xu Caiying said with satisfaction.

"Haha" everyone laughed.

Tang Xianqian said with a bitter face: "Second sister, I am also a father now, can you give me some face in the future!"

Xu Caiying has a cheerful personality and immediately said to her younger siblings: "Alan, what do you think?"

Tang Xianqian's wife Qin Lan immediately said: "Second sister, if he becomes your father again, he will also be your biological brother. Of course I will have no objection!"

Everyone laughed again!

Qin Lan is a smart person. In these two joint venture families, even her father-in-law is "obedient" to her brother-in-law. How could she not please her two sisters.

After everyone talked and laughed, Lin Zhichao invited his father-in-law and his two brothers-in-law to sit together and talk about things.

He is Tang Zhongyuan's career consultant. We talk about a lot of things and our relationship is very good.

"Father-in-law, brother, how is the business in Nigeria?"

Tang Zhongyuan glanced at his eldest son, meaning you should report to your brother-in-law.

Tang Xianqian is almost thirty years old this year. He already has a son and his wife Qin Lan is pregnant again. In terms of business, Tang Xianqian has been assisting Tang Bingyuan in managing the textile industry, and Tang's textiles have developed in Nigeria, Sing Tao, Malaysia, Hong Kong and other places. Among them, Nigeria and Hong Kong are undoubtedly the key development places.

"Brother-in-law, the textile industry over there has developed very smoothly. Since Nigeria established a federal state in October 1963, the demand for foreign capital has been very strong. We took the opportunity to expand our investment there by nearly double. At present, we already have nine textile factories. , two dyeing factories, and one garment factory. Recently, we are investing in a large-scale factory, covering an area of ​​76 acres, with more than 2,000 textile machines, and it is expected to recruit 6,000 employees, with a daily output of 6 million yards of printed and dyed cloth."

The more Tang Xianqian talked, the more excited he became. After all, Nigeria is really a blessed place.

Lin Zhichao was very calm and asked: "Is the investment amount large?"

Tang Xianqian replied: "It was all earned in Nigeria in the early stage. We did not get it back and planned to continue investing. In fact, because we went to Nigeria to invest very early (in 1959), we now have a very strong advantage. Last year when we came to Nigeria The Cha Jimin family was also very interested in attracting investment in Hong Kong, but when they heard that we had grown so big, they could only be envious."

It is normal for Nigeria to be a member of the Commonwealth of Nations to attract investment in the Commonwealth of Nations. Moreover, Nigeria, under the advice of economists, is 'import substitution industrialization', which imposes heavy taxes on foreign products or bans foreign products, but encourages foreigners to open factories in Nigeria. Not only can they avoid high tariffs, but they can also enjoy various Policy preferences and subsidies.

"Well, now one of you two brothers is helping my father-in-law take care of textiles, and the other is helping him take care of garments. They are very good right-hand men. From now on, the brothers must unite and work together to develop the company." Lin Zhichao said happily.

This tone is almost the tone of an elder, and of course it can be said to be the taste of a senior in the business world.

"Yes, brother-in-law!" the two brothers said in unison. The attitude is very good, maybe it is more effective than their old man's words.

People worship the strong, and their brother-in-law is the strong.

Several men chatted about their careers and were very speculative. Although Lin Zhichao did not do textiles, he always liked to learn, so he also learned about this industry.