The birth of the Hong Kong Island family

Carrying on the momentum from last Friday, the market opened in the morning (morning), and the price of each stock was still spectacular. However, the momentum of this stock was short-lived, and soon it was hit by huge buying pressure, causing the price of each stock to fall one after another. According to people in the stock market, the main reason for yesterday's market drop was banks tightening lending to brokers. At the same time, Tamyou also took the opportunity to cause trouble, making yesterday's stock market weak... The total trading volume dropped to 497 million yuan, and the Hang Seng Index reported 1814.90 points.

——"Sing Tao Daily" March 13, 1973

Not only did the trading volume in the stock market drop sharply yesterday, but the market situation was also very low... What caused such an atmosphere in the stock market was, on the one hand, the tightening of money, and on the other, the discovery of three fake Hopewell Company stocks, which caused some "fake traders" (holding stocks) (person) is terrified and does not know whether the stocks he holds are counterfeit. With this mentality in mind, he quickly released his holdings. Once the news spread, many people blindly followed the trend, and "Danyou" also took the opportunity to scare the market (intimidation), thus causing a decline in the stock market... (Yesterday) The total transaction volume was 423 million yuan, and the Hang Seng Index closed at 1,680.25 points.

——"Sing Tao Daily" March 15, 1973

The discovery of several fake stocks caused the stock price to fall continuously, which shows that the nature of the Hong Kong stock market is fragile and cannot withstand the slightest blow... The stock market has been crazy recently, and almost everyone is busy applying (subscribing) and buying and selling stocks. , the motive is mostly not investment preservation, but speculation, in order to seek huge profits... Regarding this situation, anyone with a clear mind will feel that there is great danger involved.

——"Oriental Daily" March 15, 1973

On that day, the Hang Seng Index fell from 1507.98 points to 1319.28 points, a single-day drop of 188.70 points, a drop of more than 10%, which greatly shocked the market. I wonder if people with ulterior motives are adding fuel to the fire, or if there are really "big friends" who believe that the "falling market" is just a technical adjustment. There are also a small number of people in the market who say that "the stock market will soon stop falling and rebound", so they suggest "taking advantage of the dip". absorb'.

——"Sing Tao Daily" March 26, 1973

The stock market has plummeted in recent days... Faced with this tragic downturn, many stock holders are anxious and frightened, and they have the potential to change their minds. The key is that local investors, especially those small investors who blindly follow the trend and have no investment knowledge, are too naive about the stock market. The wealth on paper inspires them to gamble, thinking that the stock market is an endless gold mine, and they are completely ignorant of the sugar-coated truth about the stock market... Some surprising things can be found in the prospectuses of some new stocks. , for example, the date of formation of the company is only one or two months before listing, most of the company's assets are purchased from the company's directors, etc.

——"Oriental Daily" March 27, 1973

In fact, during the early stage of the stock market's fall from highs, not only some people in the market were convinced that it was only a technical adjustment, but the Hong Kong government also believed that it was a short-term phenomenon. For this reason, the tax bureau also published an advertisement on April 4 saying "Profits from stock trading must be taxed" and plans to tax stock investors. The news made stock investors even more panicked and intensified the market sell-off. On April 9, the Hang Seng Index finally fell below the psychological threshold of 1,000 points and closed at 994.50 points, turning the atmosphere from pessimism to panic. In fact, in just 30 days, the Hang Seng Index has fallen by more than 800 points, a drop of nearly 50%. The suddenness and magnitude of the decline are really making people’s opinions change.

——"Oriental Daily" April 10, 1973

Be high-spirited when you win, dejected when you lose. According to a seafood agent, since last year... the daily rise and fall of seafood prices in the north-south line is similar to the ups and downs of the stock market, showing that the joys, sorrows, sorrows and joys of investors have become consistent with the stock market. The advance, retreat, ups and downs are closely linked together.

——"Sing Tao Daily" April 10, 1973

Cheung Kong Holdings.

"Lin Shengzao"

"Linsheng"

In the morning, Lin Zhichao came to the office area and the staff greeted him one after another.

The male employees wear formal suits and watches on their hands, and they look like white-collar workers at first glance; the female employees also wear professional work clothes, which are smart and eye-catching.

These employees of Cheung Kong Group are all high-income earners, with monthly salaries of more than 1,500 Hong Kong dollars, while the average household income in Hong Kong is only 1,200 Hong Kong dollars. There are fewer female employees in Cheung Kong Group, accounting for about 20%, but for the entire For Hong Kong companies, the proportion is relatively high.

Lin Zhichao looked at the employees who were looking at them with admiration and said gently: "Which of you are still trading in the stock market and have you liquidated your positions? I advise you to liquidate your positions immediately. Don't be heartbroken no matter how much you lose. Work with peace of mind and you will be able to regain your health in a few years." "

As soon as the words fell, some were happy and some were sad!

A male employee said: "At the beginning of March, the company management warned us that stock traders should cash out quickly, so almost everyone made money and was out!"

Lin Zhichao nodded. It was he who arranged for the company's management to advise everyone in March. This was also for the stability of the company, and he had already made a profit and was out anyway.

Of course, there are no absolutes!

Sure enough, a staff member asked cautiously: "Is there a possibility of a rebound?"

Lin Zhichao smiled and scolded: "I'll use your head to rebound. Let's see you at 500 this year! Children who don't obey will suffer big losses!"

There were relaxed smiles in the office, and a few employees were already planning to make phone calls. If you sell it now, you will at least lose less. If it is really 500 points, I am afraid that even the capital will be saved, and some people will still be in debt.

In the morning, Lin Zhichao held a meeting with the three giants of Changshi in the office.

"This year, try to package the properties as much as possible to increase sales. Even if the properties are expected to be opened next year, it is the best case that they can be sold this year. The situation next year is not optimistic. Of course, Yangtze River Industrial Group has become a listed company. , it is impossible for the real estate situation to not develop as before, if the situation is not good, then the problem will be even bigger!”

Hu Zhaoxu nodded seriously and said: "I understand what the boss means, adjust the strategy as soon as possible, sell the properties that need to be sold as soon as possible, and collect the funds!"

They have been working together for many years, and everyone understands the boss's plan without asking too much about the boss.

Next, Huang Changhong said: "Now is the time of the stock market crash. Many listed real estate companies are using the funds raised to speculate in stocks. I am afraid that there will soon be many real estate companies with serious losses or even on the verge of bankruptcy. I suggest that we can continue Increase our commercial building area and increase stable rental income."

Lin Zhichao thought about it carefully and realized that everything has two sides. Increasing the area of ​​commercial buildings will generally take 7 to 10 years to pay back the rent. If you develop residential real estate, it will basically take two or three years to get back the entire investment and still make a profit.

Therefore, he said: "You can invest, but the most important thing is not to invest too much. You can't buy it this year because the price will fall. Think about it next year!"

Huang Changhong said: "What if a real estate company is in financial trouble and is willing to sell it at a low price?"

Lin Zhichao said casually: "It depends on how much cheaper it can be. There is a high possibility that real estate will fall by 30% in this wave. Stock prices are fluctuating and the Middle East is a powder keg. These are all risks."

"I see!"

In fact, you won’t suffer a loss if you buy now. For any listed company, the stock drop itself will not have a great impact on the company, and it will not cause a decrease in real assets. Therefore, using cash to buy properties will increase the asset value; and even New shares can be issued and property assets can be purchased, as long as there are people buying the new shares.

In summary from this meeting, we should continue to increase cash flow, and at the same time, do not enter the bargain hunt prematurely.

Lin Zhichao also wanted the Yangtze River Industrial Group to invest overseas to hunt for bargains during the oil crisis, so the more funds, the better. At the same time, the company's debt is extremely low, only tens of millions of Hong Kong dollars, so it can still borrow from banks.

Luo Huijun's parents, Luo Ruihua and Zhao Qiaofeng, arrived in Hong Kong. Lin Ruihuan personally greeted them from the airport and arranged them to stay at the Miramar Hotel. After all, this is a 'family store', so there is no reason to put guests in other people's hotels.

Along the way, Luo Ruihua was worried that his future son-in-law would inevitably have a son-in-law temper if he was too rich. She is also worried that her future son-in-law is too good and not sincere to her daughter.

He heard from his daughter Luo Huijun that Lin Ruihuan was admitted to Harvard at the age of sixteen and received scholarships every year. Although he thought his daughter was good enough, Lin Ruihuan's family background still put a lot of pressure on him.

Of course, worries are worries, and he also hopes that his daughter can be happy.

Along the way, Lin Ruihuan drove seriously while asking for help. His attitude was very sincere and not pretentious at all.

Luo Ruihua and Zhao Qiaofeng suddenly felt good about him. This first impression showed that Lin Ruihuan was indeed as his daughter said, not a young man at all. No, it's not a good car, and it doesn't have a driver or bodyguard.

The car arrived at the Miramar Hotel smoothly. Lin Ruihuan was going to take his future father-in-law and mother-in-law to eat first, so he walked towards the hotel.

After sitting down, order food and pour wine

Lin Ruihuan also took the initiative to pick up the wine glass, and his first formal words were: "Uncle, can I make friends with your daughter?"

His words conveyed sincerity and humility, without any hint of the arrogance of a big family.

Luo Ruihua said with a smile: "I heard from Huijun that you have been dating for almost four years. As long as my daughter likes it, I will be happy for her!"

In fact, it is recognition!

Lin Ruihuan said: "Thank you uncle and aunt for your support. This time you come to Hong Kong, I will be your guide and take you to understand this emerging metropolis."

Luo Ruihua and Zhao Qiaofeng were naturally overjoyed. They had been listening to their daughters talk about how good and fast Hong Kong was. But my future son-in-law didn't invite me, so I couldn't come to Hong Kong rashly. Fortunately, young people act in a measured way. It has been almost ten months since their daughter came to Hong Kong, and they can finally experience it.

Later, Lin Ruihuan had a pleasant chat with his future father-in-law and mother-in-law. He had a calm personality but was not taciturn, and he seemed to be worthy of trust.

"Huijun, you have been in Hong Kong for so long, have you visited some of Ruihuan's parents?" Luo Ruihua said deliberately.

Now, he is very satisfied with his future son-in-law, so the attitude of his future in-laws towards his daughter is the most critical.

Although he has never met his future in-laws, he is well known for being the world's shipping king, leader of the Chinese community in Hong Kong, and many other honors.

Luo Huijun immediately said: "Dad, I have visited Uncle Lin and two aunts, and they are very kind to me."

Luo Ruihua almost didn't react. Fortunately, Zhao Qiaofeng grabbed him and he finally reacted. He heard from his daughter that in the future, his in-laws would have two legal wives. The reason was that polygamy was allowed in Hong Kong before 1971.

Of course he won't mind! As long as his son-in-law doesn't have such thoughts, that's fine.

Lin Ruihuan also said: "Uncle and aunt, don't worry. My father and mother like Huijun very much. Their attitudes are as open-minded as yours. It's enough that we like each other and one of us is Chinese. There's nothing else."

Luo Ruihua suddenly felt a little relieved. No matter how good his son-in-law was, he had to be liked by his parents, otherwise it would be bad for him to marry into the family.

In the evening, Lin Xiner and her husband Lin Benfeng came to No. 79 Deep Water Bay as guests. They already had a son and a daughter. Because they got married late and Lin Xiner was already forty years old, it was impossible to have another child.

Lin Xiner is currently the deputy general manager of the Miramar Hotel. Lin Benfeng has achieved middle-level management in the HSBC Group's subsidiary company, Duoli Enterprises, and his development is pretty good.

"Ben Feng, Xin'er got married late and couldn't give you another child!" Lin Zhichao said with emotion during the dinner.

Lin Benfeng quickly sat up and said seriously: "Brother, I am lucky enough to have two children, and I am very satisfied. Even if Xin'er wants to have a baby, I will never let her have one. After all, her health is important."

He has a sincere attitude and is very steady in his work. In fact, Lin Benfeng can be regarded as a "late bloomer", and his salary has increased rapidly in recent years.

It is impossible for Lin Zhichao to provide him with connections, and he actually has no connections with HSBC. He, as the vice chairman, is just a mascot.

Lin Xiner immediately smiled and said: "You have a beautiful idea, why should I want to have another child? Isn't it nice to have a son and a daughter!"

Lin Benfeng responded with a smile: "I mean hypothetical!"

The relationship between the couple is still very good. Lin Xiner was strong at the beginning, but she did not deprive Lin Benfeng of his career. She also took time off from her busy schedule to give birth to two children. Lin Benfeng was very loyal and capable. Even Lin Zhichao liked him, but the time never came.

Later, Lin Zhichao said: "I have invited you here today for two things. The first is that Sotheby's has entered Hong Kong and will hold a spring auction in the lobby of the Mandarin Hotel on Saturday, which will include some Chinese porcelain and Calligraphy and painting, etc. It’s not easy for me to come forward to argue, but I also have the habit of collecting porcelain, so I plan to let you two take pictures for me. "

Sotheby's has always wanted to enter Asia, and its first choice was Tokyo. However, there were many troubles in Japan, which ultimately led to failure. So, it moved to Hong Kong this year and held the auction during this week. Sotheby's usually holds spring auctions and autumn auctions (April and October), and additional auctions will be held under special circumstances.

Lin Xiner said: "Which one to take, I'd better take them all!" After saying that, she couldn't help but laugh.

Lin Zhichao said nonchalantly: "You can make the decision for me, but I have a request, that is, the more expensive the items, the more expensive they should be auctioned. Just select three or five of the most expensive collections in an auction. Of course, we can focus on porcelain. Ru Kiln in the Northern Song Dynasty, Yuan Qinghua in the Yuan Dynasty, and Chenghua Official Kiln in the Ming Dynasty."

Anything sold at auction is basically a high-quality product; anything sold at auction is expensive and has a high potential for appreciation. Lin Zhichao is a collector of business, but he has summed up classic operating techniques.

Of course, he still has some experience in collecting porcelain.

Lin Xiner nodded and said seriously: "I remember it!"

Lin Zhichao smiled and said: "What's the use of remembering it? Ben Feng, have you remembered it?"

Lin Xiner pursed her lips, but she was very happy in her heart. After all, it was the first time for her husband to do something for her brother.

Lin Benfeng immediately said seriously: "I remember! The most popular items at the auction are three to five collections, focusing on porcelain." He did not forget to repeat it.

Lin Zhichao said: "Well, the second thing is, I just want Benfeng to join my private investment company, and then you can make your own decision on whether to do investment management in Asian securities!"

He had already seen Lin Xiner making small moves, and he knew at a glance that his sister really wanted her husband to join the Lin family's business.

In Lin Xiner's subconscious mind, the couple should fight for the Lin family, especially hoping that her husband could gain her brother's trust.

After Lin Benfeng thought carefully, he said: "I am willing to listen to my brother's arrangements!"

He actually planned to listen to his wife from the beginning. He was willing to give everything to their relationship as husband and wife. He loved his wife more than anything. The reason why he hesitated was because he was worried that his uncle felt that he was not joining sincerely but was forced to join. Pressure on the wife, resulting in misunderstandings.

Lin Zhichao nodded and said, "Okay, tell me later when you have completed the procedures."

He had been observing his brother-in-law for many years and allowed him to fight in the HSBC Group. Although he is not a top financial genius like Yuan Tianfan and Liang Botao later, he can still be regarded as an elite. The most important thing is that he likes this brother-in-law.

As long as his focus is on his sister, he is also focused on the Lin family.

Lin Xiner was so happy that she almost shed tears. Naturally, it had always been her hope that her husband could join the Lin family, but firstly, her brother did not speak, and secondly, she had to take care of her husband's emotions.

Lin Benfeng quickly held Lin Xiner's hand to comfort her.

Lin Zhichao nodded inwardly, sometimes relatives can be reused. For example, Uncle Li Zeju in his previous life was a senior executive of the Cheung Kong Group, and Tai's brother-in-law was one of the trustees of his estate. The reason why he never allowed Lin Benfeng to join Lin's company was because he was only a low-level manager in the past, and he might as well be in HSBC. Bank training.

"I'll write you a check for 10 million Hong Kong dollars, and I'll refund you any excess!"

"Brother, no need. I listened to you and cashed out the stocks. I still have more than 10 million in cash in hand!"

Lin Zhichao said: "After that, you can settle the settlement with your sister-in-law. Anyway, you won't lose a penny."

It was difficult for Lin Benfeng to explain, so Lin Xiner immediately said: "Don't worry, I promise to handle it for you. We will handle this kind of thing for you in the future!"

"Well, I'll come to you if I need anything in the future!"

It is inconvenient for him and his two wives to go to the auction. It's not for any other reason, it's mainly because Lin Zhichao doesn't want to write these things to the media.

This is Sotheby's first spring auction in Hong Kong, and the media will definitely report it.

In fact, these gadgets are not for appreciation, at least the core is not for appreciation, but for appreciation. Over the years, Lin Zhichao's collection knowledge has also improved. After all, he has guidance from famous teachers and collection consultants.

Lin Zhichao couldn't really ask his sister and his wife to auction for him all the time. He had many options!

It's not that I don't trust them, but with too many auctions, their identities are exposed.

The American magazine "Fortune" listed Lin Zhichao as the "world's richest Chinese" and estimated his wealth to be US$1 billion to US$1.5 billion. At the same time, the world's richest man is American oil tycoon Getty, with a net worth of US$5 billion.

Suddenly, a huge uproar was caused in Hong Kong.

At this time, Hong Kong was experiencing a stock market crash, and everyone lost a lot of money. However, such a wealthy tycoon suddenly appeared in Hong Kong. It was obvious that everyone was very envious, shocked, and even jealous.

"Oh my God, it turns out that Lin Zhichao is so rich! But the shares of Cheung Kong Group have fallen by 50% (current market value is HK$5.2 billion). Why is he still so rich?"

"The newspaper reprinted an analysis by Fortune magazine, saying that Lin Zhichao owns a fleet worth at least one billion US dollars."

"It's so rich! We lost everything. I didn't expect Lin Zhichao to be so rich!"

"Hey, who is to blame? In January and February, Lin Zhichao repeatedly advised everyone not to speculate in the stock market too much, but everyone just didn't listen. Now that I think about it, others are really kind and taught everyone how to trade stocks. Afterwards, everyone thinks that value investing is really useful. Stock Investment Theory”

"It's hypocritical. If he really wants everyone to stop, he should say so clearly!"

"Is it obviously useful? I'm afraid if a gun is pointed at you, you will have to enter the market, right?"

"Forehead"

Public opinions abound, and they are undoubtedly shocked by Lin Zhichao's wealth. Since Lin Zhichao makes all his money in foreign exchange, his wealth has always been very mysterious, not to mention that information in this era is opaque.

Even the total tonnage of his fleet has always been a mystery, with the highest guess being 13 million tons. Because his fleet is not like the fleet of Bao Yugang in his previous life, many of which are partners with HSBC, so there is no need to report the financial situation of Global Shipping to anyone. At the same time, many people think that HSBC holds 40% of the entire global shipping industry.

In short, Lin Zhichao's wealth should be 4 to 5 billion US dollars, so the undercount is a lot.

The other side.

When Lin Zhichao learned that Fortune listed him as the richest man in China, he immediately strengthened his security, including his son Lin Ruihuan, who also had to be accompanied by a driver and two bodyguards.

He scolded Fortune magazine in his heart. It didn't matter what ranking he was given. If it was for money, he would rather give the other party 1 million as a sponsor than get this false reputation.

You know, Getty, the world's richest man for thirty consecutive years, has had his grandchildren kidnapped. However, the richest man has some personality - he is very stingy. When his grandson was kidnapped, he refused to pay a penny. He also said that he has thirteen grandsons. If a ransom is paid for this grandson, then the other twelve will not be safe. Finally, under the public opinion of the media, he redeemed his grandson, but the sixteen-year-old grandson had already lost an ear.