The Industrial Giant Reborn

"This is a good way. Not only can it help a lot of people, but it can also alleviate our current problem of too much money. When the economy recovers, we can also get more interest, killing three birds with one stone." Huo Jianning said after hearing this Got it.

Now in the whole of Hong Kong, I am afraid that only Hisense Bank will be troubled by having too much money. After all, it suddenly made so much money, and because of the restrictions of Hong Kong banking laws, it cannot invest in non-banking industries.

The help provided to a very small number of people who cannot afford to repay their loans is actually a drop in the bucket for Hisense Bank now. However, if certain help is provided to those who are in difficulty due to the economic crisis, then the amount will be a lot, and it involves The funds are also very large. After all, the economic crisis will certainly affect many people. Even if many people are not unemployed, they will still be seriously affected. If you have a choice, you can delay repaying the loan, even if you pay more in the future, it will be a problem. Not a bad choice.

But how to operate it specifically, how long to set it up, and how to arrange the interest and principal, then you need to formulate multiple plans. This is a model that can benefit everyone, and it can also benefit tens of thousands and even thousands of people in Hong Kong at the same time. more people.

The most important thing is that once this is done, coupled with the previous provision of a certain amount of interest discounts for very poor people, etc., Hisense Bank's good reputation will be resounding throughout Hong Kong. It is estimated that when the economy recovers in the future, there will be more Many people come to Hisense for loan business. After all, no one knows whether there will be another economic crisis in the future, or whether they will have any financial problems. Although Hisense may not have such a policy next time, at least There is hope.

"Then let's settle it first." Chen Zhiwen said. According to the normal operating model, without an economic crisis, the annual profits of a bank of Hisense's size in Hong Kong are probably several hundred million Hong Kong dollars. This amount of money is not enough for Hisense this time. One-tenth of the profit, he naturally does not need to adopt this most traditional model like other banks.

In any case, Hisense Bank's future will definitely need to go overseas like HSBC. In Hong Kong, it is equally important to gain a good reputation. Besides, if it becomes bigger and threatens HSBC, it will How about it? This is not impossible. In fact, in the 1960s, the development trend of Hang Seng Bank threatened HSBC. It was just that its operating speed was too fast and it had no foundation. After encountering a serious run, it had to sell itself to HSBC. There may be some reasons for this. HSBC's layout is why Chen Zhiwen has not invested in the banking industry before. Instead, he waited until he was successful overseas and had enough guarantees before slowly getting involved.

"Okay, I know what to do. Once I specify all the details of the plan, I will come over and report to you." Huo Jianning said, while looking at Zhou Jiayang beside him.

"Is there anything else?" Chen Zhiwen looked at the two of them and knew that there must be something else.

Huo Jianning said: "Sheng Chen, it's like this. Just yesterday, Niubijian called me and found me. The Land Group wants to borrow another 3 billion Hong Kong dollars from Hisense to develop the Exchange Plaza."

"They actually found you. It seems that the Yihe Department has reached an irreversible point." After hearing this, Chen Zhiwen said with a smile.

Although he took away several major acquisitions from Zeng Land, he also found ways to increase their liabilities. For example, in the original history, Pao Yugang forcibly acquired Wharf. Seeing that Pao Yugang was no longer invincible, Yihe took the opportunity to cash out. The amount of Wharf stocks in his hands may exceed 1 billion Hong Kong dollars, but his own acquisition is not such a good thing. Another thing is that Chen Zhiwen led the early bidding for the land in Exchange Square. In 1981, when the land price was the highest, In the second half of the year, the auction price was as high as HK$7.1 billion, which was nearly HK$2.5 billion more than the original price in history.

What's more important is that in the original history, Land won the land title through bidding in April 1982, and then went through the formalities and asked the designer to make preparations. The real estate crisis began before the construction of the Exchange Square started, and the entire project was also It was temporarily stopped, but now it is more than half a year early. When the real estate crisis broke out, the foundation of the Exchange Square had already been laid, and the initial floors were already under construction. In this situation, we can't stop, right? The loss will be even greater once it stops. It is not just a matter of money. Once a group of familiar workers and engineers are disbanded on a project, it will be difficult to find these people in the future.

Besides, since the outbreak of the real estate crisis, Jardine Matheson Land has always been tough-talking. It has stated many times in public that there is no problem with Land’s debt, and it has even issued regular stock dividends every quarter. In order to maintain this “hard-talking”, Jardine Matheson Land, which represents Land’s strongest asset, has Trading Plaza must not stop work. Once it stops, the entire Land will be seen through by everyone, and then the debt crisis will immediately break out.

However, it is impossible to hold on. The Jardine Group was actually betting that Hong Kong's problems would be solved soon, that Britain would win, and that the economic crisis would soon pass. However, they lost the bet and not only did they not wait until What I wanted, I had to wait until the Hong Kong dollar exchange rate crisis.

Although he does not know the specific financial data of Land, based on the existing public data, Chen Zhiwen can surmise that Land is about to be unable to hold on, and the problem is even bigger than the original historical problems.

"I discussed it with Zhou Jiayang and agreed with this point of view. Land's debt is estimated to be reaching its limit. Otherwise, they would not take the initiative to find us. It is impossible for people within the Jardine Department not to know that we are a big threat to them. , but in order not to go bankrupt, they have no choice but to come to us." Huo Jianning said with a smile.

"There is another possibility, that is, the problem of Carinland has affected Landmark. Maybe Landmark could have been able to sustain it for a while, but Carina was censored and Chen Songqing was arrested. Landmark and Carinland had a relationship before this year. A lot of cooperation." Zhou Jiayang added.

"It's possible. I have to say, I still admire Chen Songqing. He can create such a large consortium by relying on lies. If he uses it for serious business, he may not be able to become the top in Hong Kong in the future." Chen Zhiwen shook his head and said.

Chen Songqing's Jiani Group had problems at the beginning of this year. However, I don't know what kind of ability it was, but it actually loaned 250 million Hong Kong dollars from HSBC. Other banks thought that Jiani was fine and lent some more funds. them.

Originally, it might have been able to support it for a while longer, but a large overseas bank came to Hong Kong to investigate Jia Ning, and the person was silenced and his body dumped. This violated the bottom line. The Hong Kong government originally only investigated according to procedures, but it involved murder. He was an auditor from a major international bank, and his nature was too bad. After a comprehensive investigation, the problems of Jianing Group surfaced. The entire group collapsed instantly, and there was no chance of rescue. However, it was just a virtual consortium, and the impact was not significant. Big, far less than Hutchison, which almost went bankrupt back then.

However, the market value has been increased to several billions of Hong Kong dollars, and billions of Hong Kong dollars have been borrowed from banks through various means. These funds are also used to develop some large-scale projects in cooperation with other consortiums. As a result, Jianing collapsed. Not only are banks experiencing a lot of bad luck, but so are a number of partners, because the projects that were originally shared suddenly run out of money, and the project may even be suspended by the entire industry. The largest partner among them is naturally Land.

Being the largest fraud group and defrauding the largest consortium, Land and HSBC were all played by Chen Songqing with applause.

"We now have 21.7% of Land shares in our hands, but because of Yihe Mutual Control, our shares are far less than those of Yihe. It is no problem if we want to continue to acquire, but there are not many outstanding shares. If we continue, we will have no problem." It may be discovered, and then there will be trouble." Zhou Jiayang said.

"So we want to acquire Land this time. The previous method will not work. We must take ruthless measures." Chen Zhiwen nodded and said. Although the mutual control of Yiji has caused the debts of the two companies to drag down each other, they are indeed facing foreign enemies. The best way is that you control 35% of my stock, and I control 35% of yours. It is also protected by Hong Kong's takeover offer regulations. Others are just messing around, and they can't get it done no matter what.

"Then what Chen Sheng means is to lend them money?" Huo Jianning asked: "But in this case, if they use this money to recover and survive until the economic crisis is over, wouldn't we be even more passive?"

"Do you think this money is so easy to get?" Chen Zhiwen smiled and said: "We will start from two aspects. First, we will talk to people from the Jardine Department. It is possible to borrow money, but either they will provide corresponding collateral. For example, if the net value exceeds 4 billion Hong Kong dollars, then we can lend them 3 billion. If not, then we need to conduct a financial audit of the entire Jardine Land Group. It does not need to be comprehensive, only for investments and debts with a scale of hundreds of millions. That’s fine, this request isn’t too outrageous, right?”

"Based on the current situation of Land Land and the rumors in the market, we only review high debts and investments. It is true that many major international banks do the same." Huo Jianning said: "It is impossible for them to still have 4 billion Hong Kong dollars. The net value collateral. Otherwise, they would have used it long ago, and they would not have come to us."

"But in this case, Jardine Land can make fraud. It is not difficult, because this is not a comprehensive audit." As the top executive of Hutchison Whampoa, Zhou Jiayang naturally knows that even if it is fully audited, as long as the accounts are done well, It is difficult to detect problems, and Jianing is a precedent, let alone this kind of audit that only focuses on large-scale financial affairs.

"That's what I need." Chen Zhiwen smiled and said, "The second thing is to bribe the senior management within Land, preferably from the financial side. I think you should understand what I mean, right?"

"What Chen Sheng means is to let them make false accounts, and then we will give them a loan. When the loan is used up, we will then use ironclad evidence to prove that the audited financial data given to us by Real Estate is false, so that we can reasonably collect debts? "Huo Jianning understood immediately.