The Industrial Giant Reborn

The auction cost more than 4 billion, and the subsequent cost of a modern terminal may be even greater than this figure. Even for Hutchison Whampoa, it will be a large sum of money. However, when the market is optimistic about Hong Kong's economy In addition to the real estate industry, ports are also sought after. Banks in Hong Kong and even overseas are also willing to take on the huge loans that this project can bring.

Zhou Jiayang also followed Chen Zhiwen's instructions and only accepted Hong Kong dollar loans. However, he could not rely entirely on HSBC, so he began negotiations with many overseas banks to allow them to provide Hong Kong dollar loans.

In fact, this is also a good thing for overseas banks. Hong Kong does not refuse overseas banks to absorb deposits. However, under normal circumstances, it is difficult because of the lack of information. Except for those world-famous super banks, even those with influence in their own country Powerful banks are also very limited in attracting deposits in Hong Kong, unless they increase interest rates, but doing so will face a problem. If the funds from attracting deposits at high prices have no place to go in the country and need to compete with other banks, they will inevitably cause losses.

You must know that the interest rate difference between loans and savings is quite large. The big cost here is the need to find a large number of customers. When the number increases, the labor costs, risk control costs, and time costs will increase significantly, and A high-amount loan, even if the interest rate is lower, is more cost-effective. What's more, the other party is Hutchison Whampoa, behind it is Chen Zhiwen, and the project is the largest terminal in Hong Kong, so there is basically zero risk.

Therefore, if a large-amount loan agreement is reached with the local giant Hutchison Whampoa, it will be free to absorb deposits. Similarly, the same is true for local small and medium-sized banks in Hong Kong. The biggest problem after they absorb deposits is the trouble of lending out , now that Hutchison Whampoa has a large-amount loan agreement, it can expand on a large scale.

This is also in line with Chen Zhiwen's previous plan to focus on supporting mid-sized banks in Hong Kong. After all, Hisense Bank cannot lend itself, and Standard Chartered will not be able to do so in the future. Even if the four major real estate groups of Land and Wharf and Jiahong focus in the future, As we develop outward, we have tens of billions of Hong Kong dollars in assets in Hong Kong, and there may be even more in the future. We cannot be tied too deeply to HSBC.

In addition to Hutchison Whampoa's successful bid for No. 5 Kwai Chung Container Terminal, another piece of good news came from the UK. After almost a year of discussions, the British government and Leyland Automotive Group finally reached an agreement with the American AMC to fully sell the Mini Automobile company, so far, the American AMC Group has its own base in Europe for the first time.

After Chen Zhiwen got the news, he didn't go to the UK specifically. The acquisition had already been made anyway. Let's let the teams in the United States and the UK integrate first. Then when he has something special to do, go to Europe, and then go and have a look. After all, with today's Given the size of his entire group, he only needs to pay a little attention to such a medium-sized acquisition. It is impossible to go there several times and spend the last month just because of such a thing, and then just learn about it later.

In addition, more than half of his energy currently has to be spent at home.

Hong Kong, the Chan family villa in Taipingshan.

"Minmin, Feifei, come here, look at dad and raise your head." Chen Zhiwen encouraged him while shaking his drum.

The time has come to August, and the two children have been three months old. Now the boy Chen Shimin is handsome and cute, and the girl Chen Yifei is cute and cute. They are now the center of the entire Chen family, and they have to take priority in everything. later.

For three-month-old children, it’s time to start practicing raising their heads. The two little cuties lie on their backs on a soft quilt. After being attracted by a rattle or an adult’s voice, they will always raise their heads to look at them for a while, but they are also supportive. After a while, his head lowered.

"Come on." Everyone in the Chen family was looking at this pair of darlings and cheering them up. Around them, there were several Hong Kong gold medal nannies on call at any time.

At the moment, they are in an entertainment room specially prepared for their two children, with a single area of ​​500 square feet. For other people in Hong Kong, this is an unattainable dream in a lifetime, but it is just a room for the future. It's just a place for the children of the family to play, but here, in Taiping Mountain, every inch of land is worth a lot of money.

Training the child to raise his head is to enhance the child's physical strength, which is also one of the doctor's recommendations. Like turning over in the fourth month, this "refueling" finally ended after little Feifei was tired and cried.

So, the two children were taken to put them to sleep again.

"Awen." Chen Tianfu caught up from behind Chen Zhiwen and asked, "What are your plans for the education of your two children?"

"Education? Isn't it a bit too early to talk about this now?" Chen Zhiwen asked with some confusion.

"It's early, but you have to plan early. There are some wealthy families in Hong Kong, but when their children are one year old, they send them to study. It's not to learn any knowledge, but to learn some basic rules. At the same time, it also depends on the child's It’s a habit problem.” Chen Tianfu said: “I didn’t think about this at first, but someone told me when I was chatting with people a few days ago.”

"Hong Kong's wealthy families do value their offspring, and so do I, but I won't let them learn these things so early." Chen Zhiwen shook his head and said: "In the first three years, just let them play with peace of mind, as long as they don't make basic mistakes, and wait a little longer Once you become sensible, you can just arrange various studies."

Being born into a super wealthy family is actually just like being born into an ancient emperor's family. It also carries certain responsibilities. When you are young, you have to receive completely different training from ordinary people, so that you can be able to take over the family's business territory and transfer them in the future. Passing it on is an inevitable responsibility. Of course, this is a good thing for everyone. At an end point that others may not be able to reach in their lifetime, unless you want to be a waste, you have to work hard.

However, Chen Zhiwen still hopes that his children can live their ignorant childhood happily and have fun when they are the youngest.

Sometimes, looking at the happy smiles of his children, Chen Zhiwen sometimes really hopes that he will not grow up too fast and have more carefree childhood. It is also very good. Unfortunately, time is eternal, so he can only That’s it.

"Well, that's fine. No matter how important a child's education is, I don't think it's necessary to start it when he's more than one year old." Chen Tianfu nodded and said, although he felt the same way, but now the pillar of the Chen family is Chen Zhiwen, so naturally he has to ask his opinion.

"Let's consider this issue in a few years." Chen Zhiwen said with a smile.

"I think you can have a few more children. Anyway, our Chen family's property will be inherited by our children." Chen Tianfu laughed.

"There's no rush." ​​Chen Zhiwen shrugged and said, "Actually, at my age, I can wait until my grandchildren are adults."

There are indeed many Hong Kong wealthy families who pass their thrones directly to their grandchildren, even ancient emperors. In modern society, it is not difficult for people to live to the age of 90 if they have no major health problems and have money.

"That's true, but I guess I can't wait any longer." Chen Tianfu smiled and said, "Let me tell you something, over in Wanwan, housing prices and stock prices have begun to rise sharply."

"This is normal. How much have you invested there?" Chen Zhiwen asked. After 1985, the economy took off not just in Hong Kong, but in most of Southeast Asia. After a large number of industrial transfers from developed countries in the 1970s and early 1980s, Southeast Asia's economy also began to slowly shift from quantitative changes to qualitative changes. It began to take off after 1985. In the next ten years, there were four little dragons in the first five years and four little tigers in the next five years, and Wanwan was one of them.

"The investment is not small, but what I want to say is that the increase in housing prices and stock prices in Wanwan is much more exaggerated than that in Hong Kong." Chen Tianfu said: "Our Chen family already has too much wealth in Hong Kong. It is too much." It is concentrated, so even if the future in Hong Kong is not bad, I still tend to transfer some of my capital, part of it to the mainland, and part of it to Wanwan. However, in the past six months, land prices in Wanwan have increased by 30%. The stock prices are similar, much higher than those in Hong Kong. Do you think I should reinvest in Bayan companies?"

"Wanwan's income in the next few years may indeed be greater than that of Hong Kong. If you invest, that's fine. However, I estimate that they are likely to experience fluctuations like Hong Kong. The risk is quite high. , it may need to be withdrawn in a few years. It can only be said that it is a good short-term project. In the long term, Hong Kong or the mainland is better." Chen Zhiwen thought for a while and said.

There are not many domestic studies on the economic status of Wanwan in the 1980s and 1990s. Relatively speaking, the situation in Hong Kong is much clearer. From 1985 to 1997, there is no risk even if you invest with your eyes closed. However, in Wanwan, there is no risk. , it seems that in the early 1990s, a stock price plunge occurred, and the timing was somewhat similar to Japan.

But there is still a logic. When the stock market suddenly plummets, it is basically at a very peak time. In other words, under normal circumstances, the years before the collapse are definitely the most profitable time. Even Chen Zhiwen is not sure about the exact time.

"Can it only be short-term?" Chen Tianfu frowned and said, "I actually don't want to bother too much. It's better to choose something that can be stable in the long term."

After all, as I get older, my thoughts are completely different from those ten or twenty years ago. At that time, no matter how stable I was, I would still take a gamble sometimes when preparing for my own escape, but I would try my best. Control risks, and naturally you won’t have to worry about it now.

"It is estimated that in a few years, there will not be many restrictions on foreign investment in the mainland. However, there will still be restrictions on real estate. At most, you can build shopping malls, office buildings, or hotels." Chen Zhiwen paused. Said: "Wanwan will definitely have real estate volatility, but I estimate that the electronics industry will not. Dad, do you want to consider holding shares in some electronics industry companies for a long time."

"Electronics company? You mean, similar to the TSMC company you invested in?" Chen Tianfu asked.

"No, TSMC's situation is quite special. It is estimated that it is unlikely to be listed in the short term. If its performance in the future is mediocre, then there is no point in your investment. But if it succeeds in the future, it will be difficult for ordinary people to invest. What I am talking about is those An electronic assembly factory that specializes in manufacturing for large companies in Europe, America and Japan." Chen Zhiwen said.

He had been planning the TSMC project more than two years ago. In the United States, he met with Vice President Zhang Zhongmou, who was still working at Texas Instruments at the time. He provided resources himself, and he provided capabilities and formed a team. The two parties worked together to build a project in Bay Area. The world's first wafer chip foundry.

What is different from the original history is that because of its own capital investment and orders from Midea, TSMC is now expanding very quickly. In theory, its performance may be stronger than in the original history, but this kind of thing is also impossible. You can’t say for sure, after all, the butterfly effect will become bigger and bigger in the later stages.

No matter whether it can reach the most successful moment in the future, as long as TSMC can develop strongly into the 1990s and can compete with Samsung in the chip market with its own support, that will be enough for itself. At least in this way, With its own backup suppliers and a balancing act, the global electronics industry no longer has to look solely at Samsung to a certain extent.

"Electronic assembly factory? Isn't this something you have always wanted to eliminate? Are you optimistic about this?" Chen Tianfu asked with some confusion. Although he didn't understand the electronics industry very well, he still sometimes chatted with his son on weekdays. , during this process, he also knew that his son intended to gradually transfer the manufacturing industry in the future, not only from Hong Kong, but also that he would not participate.

“It’s not that I don’t like this industry, but a company has limited energy, especially in the electronics industry. From top to bottom, if we do everything ourselves, the production end will consume at least 80% of the energy, but the profit generated may only be 20%. , so it’s better to outsource it.” Chen Zhiwen explained: “It’s just that there is no such professional company yet, so now we can only do it step by step, but now several companies in Wanwan are developing in this trend, and electronics The profits of the assembly industry are only relatively low in the electronics industry. Overall, they are still good. Especially when they become large-scale, they can take orders from many brands at once and form a scale advantage. In addition, they will definitely do so in the future. We will also take advantage of the mainland’s demographic dividend to minimize costs and make profits stronger.”

"That's true, so which companies should I choose? Or will Midea cultivate such companies with its own orders?" Chen Tianfu asked. With Midea's scale, it is possible to deliberately cultivate such an enterprise. This is the strength of a large company.

"You can do it, but we can't do what we have trained. You must be very good." Chen Zhiwen paused and said: "There is a person in Wanwan named Guo Taiming. He is better at this. Dad, you can have Check it out when you get a chance." (End of Chapter)