The Industrial Giant Reborn

"Hisense Bank?" After thinking for a moment, Niu Bijian said, "Chen Zhiwen's attitude in the past two years is obviously not optimistic about the real estate market. How could the bank he acquired now do the opposite?"

"It's a bit strange, but my inside information is that Hisense Bank has received a large amount of deposits in the past few days, not only those who withdrew money before, but also many people who did not have an account with Hisense Bank. Among these people, There are many people with millions of deposits. I think Hisense Bank obviously has more deposits than loans. Although Chen Zhiwen is not optimistic about the real estate market, it does not mean that he is not optimistic about some real estate giants in Hong Kong. Although there are still certain risks, But if there are too many deposits, the risk to the bank will be greater." Bao Fuda said with a smile.

"It makes sense for you to say that. Since the beginning of this year, housing prices have been falling, and many people are unwilling to buy houses. The Hang Seng Index is also falling, and stocks cannot be bought. Indeed, they can only save money." Niu Bijian thought for a while, and also Think it makes sense.

Some banks in Hong Kong may not be optimistic about the real estate market, but the real estate market, as the largest customer group of the bank, has long been bound to the bank, and it is impossible to make a clean break. At most, the risk can be controlled to a certain extent, but in this way, profits will be It will drop significantly. After all, bank deposits need to pay interest.

In the history of Hong Kong and even the whole world, when there is an economic crisis, banks can't do not lend out, even if they know that there are risks. Therefore, at this time, large companies have become the targets of banks. The ability to resist risks is much stronger.

"There are too many idiots. These people always don't believe that Hong Kong's real estate market will definitely return to its peak, but this is also good. Over the past year, bank interest rates have dropped significantly, and our debt pressure has also decreased a lot." Bao Fuda smiled. Said.

When the market is sluggish, banks can only significantly reduce loan interest to acquire customers. Although the loan interest has remained unchanged a few years ago, when bank interest is reduced, any company can borrow new debt to repay old debt, so as to Swap low-interest debt for high-interest debt.

This is also a benefit of going against the market. Not only can large-scale acquisitions be taken advantage of when land prices plummet, but the financing interest is also reduced.

"Well, you can send someone to communicate with Hisense Bank. Everyone is open for business. Although we had some conflicts with Chen Zhiwen, they will not stop making money just because they have money." Niu Bijian nodded and said. .

Newbiken, Boulder, and the Keswick family behind them are all steadfast factions that housing prices will continue to rise. For this reason, they are willing to continue to expand the scale, because once the land price recovers, Hongkong Land will make a lot of money, just like the previous Over the past 20 years, in every real estate crisis, many Chinese have used such tricks to expand the scale exponentially. The scale of Landmark is already the largest in Hong Kong. It does not need to be exponential. As long as it can be doubled, it is enough to suppress HSBC and Chen Zhiwen, this is also the dream of the Jardine Matheson Group, to regain the prestige of Hong Kong's first consortium.

"Okay, I'll release the news now and see how Hisense will react. It's just a little strange. The current general manager of Hisense Bank is actually just a 30-year-old Chinese who has just worked for a few years. It's unbelievable." Bao Fuda said.

"What's so strange, Chen Zhiwen is similar. We all have to admire his high achievements." Niu Bijian shook his head and said. In the early decades, consortiums in Hong Kong were all based on their qualifications and background. The bigger the company with a long history, but in the past ten years, it has completely changed. Not to mention the companies under Chen Zhiwen, it is the real estate five tigers, although the scale is still the same. It is not as good as Landmark, but it already has the ability to gradually stand against each other.

"Yes." Bao Fuda nodded.

A few days later, Huo Jianning brought some financial data of Hisense Bank to Chen Zhiwen's office in Galaxy Building.

"How is it? Are you still used to staying at Hisense?" Chen Zhiwen asked while drinking tea. During this period of time, he has become a little fond of bitter tea. Although it tastes bitter, he still feels good after drinking it. of.

"Very good. I would like to thank Chen Sheng for his strategy of repaying part of the interest. At present, Hisense Bank's deposits have exceeded the previous loss of 60 million US dollars before the incident was exposed, and it is still increasing." Huo Jianning said with a smile.

"That's good. Continue to take deposits. Except for the most basic regulations of the Hong Kong government, other funds will be gradually converted into US dollars." Chen Zhiwen nodded and said. The method of returning part of the interest is to quickly deposit back the money that was withdrawn before. But it is estimated that more than half of the credit for being able to exceed the total amount of Hisense Bank deposits before is due to his fame.

As the world-recognized richest man in Chinese, his popularity has reached the limit in Hong Kong, and almost everyone knows him. After having a bank, many people will definitely choose a bank with peace of mind for the sake of financial security. With the blessing of Chen Zhiwen's halo, Hisense has also become the preferred target. It is estimated that Hisense will be able to attract a large number of Chinese customers if it sets up branches internationally in the future.

"I have already applied through the official, but the funds involved are too much. After discussing with Zhou Sheng, I decided to exchange currency with some large companies that intend to invest in Hong Kong. This will be convenient for everyone and save money. The cost of exchange rate conversion." Huo Jianning said.

"Currency swap? It's fine, but as for the cooperation of internationally renowned companies, we can prevent the ship from capsizing in the gutter." Chen Zhiwen nodded and said.

The funds exchanged by Hutchison and Hisense Bank for US dollars involved hundreds of millions of US dollars. If it was a few years ago, such as when Chen Zhiwen invested in gold, it would have been no problem as long as a period of time was advanced, but this year, the timing is already more sensitive. Large-scale exchanges may cause disturbances.

Fortunately, most of Chen Zhiwen's overseas profits were foreign exchange. Unless Hong Kong needed it, he would not exchange it back to Hong Kong dollars. A lot of money, plus a large amount of Hong Kong dollar deposits in Hisense Bank, if not converted into U.S. dollars, it will be too much of a loss when the Hong Kong dollar exchange rate plummets, almost cut in half.

In addition to real estate, large factories, and the most basic operating funds, Chen Zhiwen also intends to take advantage of the current exchange into foreign exchange, so that when the Hong Kong dollar crisis breaks out, not only will he not lose money, but he can also use the savior of "saving the Hong Kong dollar" to help stabilize Hong Kong dollars, you can also get huge benefits plus various favors and so on.

"That's no problem. We also cooperate with some Japanese consortiums and banks. These Japanese consortiums seem to be as optimistic about Hong Kong real estate as Landmark." Huo Jianning said.

"It's right in the long run. I'm not optimistic about it. It's only in the short term." Chen Zhiwen said that from 1985 to 1997, Hong Kong's housing prices can increase by nearly 10 times, and the real estate crisis before 1985 was actually nothing more than It’s just cut in half. From the data point of view, Hong Kong’s future housing prices still have the potential to increase by 5 times.

Many overseas consortiums are also optimistic about Hong Kong as a window to the mainland, betting on the future, but they will soon face a critical attack. Before Japan's own real estate market took off, many Japanese conglomerates and banks liked to invest in Hong Kong.

"Over Hong Kong Land, I also received news that they plan to seek a loan of 3 billion Hong Kong dollars from us." Huo Jianning said again.

"3 billion Hong Kong dollars? Each sum is so big." Chen Zhiwen smiled and said: "Reply to them, we can talk about it, but if Niu Bijian wants to come, I will go too."

The business of 3 billion Hong Kong dollars is enough for Chen Zhiwen, the big boss, to come forward in person, especially when facing Jardine Land.

"Okay, then I'll make arrangements." Huo Jianning said.

On June 3, Hong Kong has entered summer.

In the Mandarin Oriental Hotel, the heads of the two largest financial groups in Hong Kong met here.

"Mr. Niu Bijian, the decoration of your Cultural Oriental Hotel is really luxurious. Compared with my Hilton, it is much better." Chen Zhiwen came to the presidential suite and said with a smile after seeing Niu Bijian and Bao Fuda.

"It's just been renovated. In terms of location, it's still not as good as the Hilton Hotel. If Chen Sheng is willing, he can renovate it again. With the location there, the business will definitely be better." Niu Bijian said with a smile: "It's just that , Hilton Hotel, Chen Sheng doesn't have control yet, right?"

"It's just a matter of time." Chen Zhiwen said with a smile, when he bought the property of the Hilton Hotel prematurely, it was because the land under the hotel was large enough and the location was good enough. It is also very rare in Central. Even if it waits until next year, such a piece of land will cost at least a billion Hong Kong dollars, and the cost of his original purchase is only one-fifth of this price. Prices have multiplied too much.

At present, the business under its banner is getting bigger and bigger, and the current Xinghe Building is obviously not enough. Midea’s offices have been moved to the vicinity of the Yuen Long Industrial Park. Fortunately, Midea is a large manufacturing company, so it does not need to stay in Bustling Central.

In the original history, Li Jiacheng demolished the Hilton Hotel and built the headquarters of Cheung Kong Industrial Co., Ltd. Now, in fact, it is almost the same. You only need to wait for the right time to prepare to take back the Hilton Hotel.

"That's true." Niu Bijian nodded. At that time, a group of them laughed at Chen Zhiwen's acquisition of a hotel property that he did not control. The demolition cost is a drop in the bucket compared to the land price, and it is all about earning a high-quality land in Central. Even compared to the king of land in Exchange Square, it is only a little smaller in size and has no sea frontage.

"Let's talk about business, shall we?" Chen Zhiwen said, getting straight to the point.

"Okay, let's just say it, I hope to borrow 3 billion Hong Kong dollars from Hisense Bank." Niu Bijian said.

"What is Jardine going to use such a large amount for?" Chen Zhiwen asked. It is normal for the bank to ask about the purpose of the loan. There are only a few special loans, regardless of where they are going. Focus on risk considerations.

"For the piece of land that was auctioned last year, we need to pay the third tranche of funds to the Hong Kong government, a total of 1.6 billion Hong Kong dollars. In addition, we also need to start the Exchange Square project." Niu Bijian said, there is nothing to hide about this kind of thing , A loan involving such a large amount of money will definitely be checked by the bank in the future.

"What is the mortgage?" Chen Zhiwen said. The land auctioned by the Hong Kong government, not to mention the land king, is the general land, and the average cost is hundreds of millions of Hong Kong dollars. Hundreds of millions are not much. Therefore, most bidders pay in batches, pay a small amount first, get the ownership of the land, and then mortgage it to the bank to obtain funds and then give the Hong Kong government subsequent funds and future funds. The construction cost may have to be divided into three or four times for a high-priced land like the land king.

"Future Exchange Square earnings," Newbiken said.

"You should have already mortgaged this interest to HSBC, right?" Chen Zhiwen said. It is not difficult for the bank to find out that this kind of money involves a lot of money. In the era without the Internet, many people would mortgage multiple times in different banks, but This is only suitable for small properties, large mortgages, and all banks will communicate with each other. After all, everyone may be a victim.

However, there is one exception, that is, overseas banks. There are too many overseas banks, and they do not have the habit of communicating with Hong Kong banks. In addition, sometimes, banks turn a blind eye inside, which makes many large consortiums I often play this way, which is one of the reasons why there are so many overseas banks in Hong Kong, not because there are not enough banks in Hong Kong, but because there are special needs.

"Yes, but the total area of ​​the Exchange Square will exceed 2 million square feet in the future. If the house price returns to last year's price, the rent alone will be worth five or six billion yuan a year, and the value can reach as high as 20 billion yuan." Said.

"But what if the land price doesn't return?" Chen Zhiwen asked rhetorically.

The value of the land king is really high, otherwise it would not have been photographed at 7.3 billion Hong Kong dollars, which is higher than the market value of Cheung Kong Industrial. It is true that the building area built on this land is too large, and it is the average building in Central. 5-7 times. In the original history of 1985, Hongkong Land was in a financial crisis, but it would rather sell Hong Kong Electric, which has a monopoly power generation business and a large amount of high-quality land, than sell the project of trading buildings, which is enough to see its value.

However, that is in the future, and in a few months, Hong Kong's land prices will plummet.

"Doesn't Chen Sheng believe that Hong Kong's future will be better?" Niu Bijian asked with a smile, but this sentence was a trap.

"Of course I believe it, but in terms of business, I can give a loan of 3 billion Hong Kong dollars, but only with sufficient collateral." Chen Zhiwen said.

"I can add some other properties, but let me tell you in advance, these are all mortgaged." New Bijian said.

"What about your stocks? Or the stock properties of other subsidiaries?" Chen Zhiwen asked.

"It's almost the same." New Bijian said again.

"So you are going to come here and prostitute my loan for nothing?" Chen Zhiwen said with a smile, just like in the past, Hongkong Land has mortgaged all available mortgages to expand and purchase other large companies, properties, land, etc., and These purchases were also included in the mortgage when the transaction was completed, and even because of its reputation, many loans may still be unsecured.

For the future of land prices in Hong Kong, Jardine is really confident. It’s wrong to be wrong. The end is very good, but the pits on the road have to be jumped over. This kind of expansion will cut Hong Kong’s land prices in half next year. , In the past, Hongkong Land only lost part of its properties and HK Electric after the economic crisis, but now what?

"I can use Jardine Group's overseas projects as collateral. This is a list of some of our overseas assets." Niu Bijian handed over a document. Jardine has invested a lot overseas, and large-scale projects are also public. It's nothing Confidentiality is required.

"Overseas project? No mortgage?" Chen Zhiwen took it. He wasn't really interested, but it didn't hurt to have a look.

"It's not there." Niu Bijian said.

"I'm not interested in anything else except this." Chen Zhiwen drew a circle on the paper, and then gave it back to Niu Bijian.

New Bijian took the paper, saw the circle on it, and said, "Rio Tinto?"