Chapter 419 Laying out the economic crisis and cashing out US dollar foreign exchange (please ask for monthly tickets at the end of the month)
As a time traveler, Yang Wendong’s daily life is also very boring, so he pays more attention to the information of many "pleasure-type" products, especially some new ones. electronic goods.
Tape music players are what he has been paying attention to, but despite the simplicity of tapes, the technical content of this thing is very high, and even if it is developed, there is still a series of standards that need to be unified. In the past, Japan Europe and the United States have fought hard for this standard, because whoever masters the standard can make money lying down
Therefore, even if he knew that this was a future trend, Yang Wendong did not participate himself in the early years. This area is a complete technological desert. If you have money to invest, there is no use, you can only wait.
In 1962, Philips finally released the world's first cassette music player.
"Tape? In 1956, I saw it once when I was in the United States." Wang Zhiqun said: "But the player was too big, bigger than the refrigerator."
Yang Wendong said with a smile: " The one recently released by Philips is about the same size as a large radio, about ten kilograms. Although it cannot be held in the hand like a radio, it can at least be placed at home and in the room. ”
Electronic products. Miniaturization is difficult. The real convenience of tape players still had to wait until the launch of the Sony Walkman in 1979. Before that, players could only be placed at home or in the car.
Although it is not perfect, people in this era are very satisfied with this kind of player, and music players are about to usher in explosive growth. The same goes for the music industry, which also benefits from the cheapness of tapes. (Compared to vinyl records), thereby indirectly promoting the rapid progress of global music, including Hollywood.
Nowadays, his two industries also require music players to be realized, so he is naturally interested in this.
"A dozen kilograms or twenty kilograms is within an acceptable range." Wang Zhiqun nodded and said: "I didn't expect that in just ten years, European and American companies could really miniaturize this kind of tape equipment."
"Normally, the electronics industry itself is developing rapidly." Yang Wendong said: "You should also pay more attention to overseas developments in the future. Some technological news, especially from big companies, may also be of great help to us.”
In fact, this is not to blame. In the era without the Internet, only the devil knows what is happening outside, even if it can be passed. TV news, radio news and even newspapers understand, but what they broadcast and inform is the responsibility of the media.
Even the super rich and the president of a country are far less capable of knowing basic external information than a smartphone will be in a few decades. Even Yang Wendong today can only be selective. The arrangers focus on some big companies or people, and the cost is also very high.
“Okay, Yang Sheng.” After Wang Zhiqun agreed, he said, “Yang Sheng wants to produce this kind of tapes and players in Hong Kong?”
"Yes, Philips has released the patent for tapes for free, so we can also produce it." Yang Wendong said: "But how to produce it? Hong Kong does not have this technology, so we can only buy it overseas;
And the corresponding There are also many technologies for player equipment. We need to purchase patents, production lines, etc. It is very important for you to keep an eye on this matter.”
Smart big companies will let go for long-term gains. Patent, so that many people and companies around the world can use it for free, but you have to buy related supporting patents, especially for new products. If you don't do this, others will bypass it, and others may use it for free. In fact, the principle is similar to that of the Internet. .
Business routines are nothing more than the best choice for profit. Even if Yang Wendong knows it, he can only jump on it; besides, the technology he has developed should make money, and Honor Electronics will also follow this path in the future. Road.
“I understand, I will go to Europe to communicate with people from Philips.” Wang Zhiqun agreed.
"Okay, let me know the relevant progress in time." Yang Wendong paused and then said: "In addition, music players and tapes are so fast, I not only want to produce them, but also continue to develop them in Hong Kong;
So in the future we will start a technology research and development center in Hong Kong. If we want people, we can find people directly from overseas, including ghost guys, and then train a Chinese team.” It’s not cost-effective because it’s too difficult and will be eliminated in the future, so I haven’t considered whether I should invest in it.
But music players, there is no hesitation at all. This industry, before the emergence of smartphones, was an evergreen tree. Even MP3 is one of them, and relatively speaking, the technical content is Much lower than the picture tube.
More importantly, it is closely related to music, and it is also a core part of its own cultural industry, especially the Walkman. This player has sold hundreds of millions of units worldwide. Before the emergence of mobile phones, they were very rare and could create a large number of jobs, whether in Hong Kong, Bay Area, or the Mainland.
"Indeed, Hong Kong has seen more and more factories in the electronics industry in recent years, as well as some talents in this field." Wang Zhiqun nodded and said, "In addition, we can poach people from overseas, so doing research in Hong Kong is not a problem. Question."
"Okay, that's it," Yang Wendong said, "Now the flag of glory. The products we will launch will be developed in accordance with market demand. If we need to expand, we will expand. For other new products, except for this music player, if you have any internal ideas, you can decide whether to do it or not; if too much money is involved, you can also contact me. Apply."
"Yes, thank you Yang Sheng," Wang Zhiqun said with a smile.
"You're welcome, supporting you is what I should do." Yang Wendong added: "Everything else will be fine. In the next few years, I will invest resources in expanding overseas channels and advertising for the Honor brand. I will also increase some budget, and we will build a Chinese international brand.”
Although the Chinese are good at doing business, there are very few brands in the international market. This is indeed difficult, but today’s Changxing. The group also has the opportunity to do this.
"Understood, I will also try my best to improve production capacity and quality." Wang Zhiqun said with a smile.
"Well" Yang Wendong said again: "Okay, that's it, I'll leave first. Don't forget tomorrow morning, the group will hold a high-level internal meeting in Changxing Building."
"Yes. ." Wang Zhiqun also said.
There are multiple businesses within the Changxing Group. Generally, if there is cooperation, only two or three businesses will go to the headquarters together. Other subsidiaries will not participate. Although a lot of information within each subsidiary is not considered top secret, it does not need to be There is no need to let people in other subsidiaries know what you know.
When the headquarters holds a plenary meeting, it is usually convened by the boss himself. There must be important matters involving all subsidiaries.
On November 30, the last day of this month, Changxing Group held a high-level internal meeting. All the heads of first-level subsidiaries came to Changxing Building.
In the conference room on the top floor, Wei Zetao, Zheng Zhijie and others have already arrived. Everyone is chatting with each other. Before the formal meeting, it is usually more casual until Yang Wendong arrives.
Everyone stood up. Yang Wendong waved his hand and said: "Everyone, sit down."
After everyone heard this, they also sat down. Yang Wendong said again: "Everyone, today This time I have called you here just for one thing. From today on, all your karma will be For domestic business, you need to start saving foreign exchange;
For external trade, after settling the foreign exchange, try to keep all the dollars or yen; for domestic business, if you cannot exchange foreign exchange, then cooperate with a company that has foreign exchange. , let them operate the Hong Kong dollars and convert them into foreign exchange themselves.”
When everyone heard this, they were shocked. The meaning of this operation was obvious; but even if the economy is not good in the future, there is no need to exchange foreign exchange unless the Hong Kong dollar will plummet in the future. Wang Fengzhi, the chief financial officer, asked: "Yang Sheng, do you think the Hong Kong dollar exchange rate will fall?"
"Yes, I think so." Yang Wendong nodded and said: "The main reason is that the Hong Kong dollar is currently pegged to the pound. You also know the economic situation in the UK, so it is not promising in the long run;
In addition, I judge that Hong Kong’s economy is about to have problems, so it is better to avoid exchange rate risks first, and everyone can exchange foreign exchange according to their own needs. That’s fine. Relatively speaking, the US dollar is the most stable, and so is the Japanese yen.”
In fact, this analysis is correct. Hong Kong’s economy is growing rapidly, but the British economy is not. One needs an exchange rate to rise, and the other needs to fall. This is the biggest contradiction, but this point was actually not decoupled until the early 1970s.
What I am doing now is also to prepare for 1967. Although the Hong Kong dollar was not considered waste paper at that time, many people actually did not want it anymore, and during that time many people sold off properties, assets, etc. , if you have foreign exchange in your hands, it will be much more convenient when trading.
It's just that it's naturally difficult to tell this kind of thing, no one can know it in advance.
After hearing this, Wei Zetao nodded and agreed: "Okay, then for my transactions, if they cannot be converted back to Hong Kong dollars in the future, all foreign exchange will be retained, mainly US dollars."
< br>Zheng Yuhua also said: "The same is true here. Many of my overseas businesses are directly priced in US dollars. Some of the Hong Kong dollars earned from the shipping business in Hong Kong, I also It can be used for internal operations."
Wang Zhiqun then said: "I have no problem here."
Yang Wendong said with a smile: "Okay, you three are involved in a lot of foreign exchange transactions. It’s not difficult to get, and the time will not be short. If you don’t have enough Hong Kong dollars, you can exchange it with other internal business companies at the official exchange rate.”
It's still early, so you only need to inform your subordinates in advance, and then everyone will gradually exchange foreign exchange in a quiet and gentle way. Otherwise, such behavior in a short period of time will definitely be detrimental to Changxing Group's current capital and the scale of its various businesses. The Hong Kong dollar has a strong impact, and many people in Hong Kong will know it.
"Okay." Several other people agreed.
Wang Fengzhi said: "Yang Sheng, our group still has a lot of funds in Hong Kong. This method can only ensure that future business will earn foreign exchange. However, there are still a lot of funds before. , How about going to HSBC and Standard Chartered to redeem it?”
“With such a large amount, can I redeem the code freely?” Yang Wendong asked again.
Although some countries state that their currencies are freely convertible, this is only for small or large amounts of exchange, which may not be feasible even in Western countries.
Therefore, many countries also transfer assets through mergers and acquisitions, and through some projects that the government cannot prevent, to achieve the purpose of transferring assets.
Wang Fengzhi replied: "It is definitely not possible to ask for the exchange of hundreds of millions of Hong Kong dollars in foreign exchange openly and honestly, but it is still possible to open multiple accounts and gradually convert the funds in the name of investing overseas, but I'm afraid this is It will take some time, maybe about a year or two.
Unless you are here, at best. There are recent large-scale overseas consumption or merger and acquisition plans, so that Hong Kong dollars can be exchanged for foreign exchange openly, and the Hong Kong government will generally not stop it."
"It may not be possible to buy a ship, right? It’s very big, but it’s actually mainly loans, and it’s also divided into multiple transactions,” Yang Wendong said, shaking his head.
Wang Fengzhi agreed: "Yes, unless we invest the principal, but in this case, the funds will be trapped on the boat, which may not be cost-effective."
"That is definitely not cost-effective." Yang Wendong smiled and said: "We will talk about the ship later, but I am indeed planning to go to the United States recently. I may spend some money there, but it is also an opportunity to use Hong Kong dollars. But the amount won’t be very big.
Just take your time with the money here in Hong Kong, and I may also spend a sum of money in Hong Kong in the future, also in Hong Kong dollars.”
Time enters 60. In the mid-1990s, and with a lot of abundant funds in his hands, he could start to prepare for some opportunities in the international market.
As for the expenses in Hong Kong, it is naturally due to the run on Hang Seng. However, he cannot resist the run on his own. We will see the situation when the time comes. In the early stage, he can directly invest in shares with funds. He Shanheng will definitely agree when there is a run.
If the follow-up is still the same as history, then I will also be able to obtain a large number of shares in Hang Seng Bank, a subsidiary of HSBC. This transaction will definitely be a good deal. If Hang Seng Bank can survive, then it will be the same. He Shanheng's ability is at stake. Hang Seng will definitely be able to run well there.
"Okay, then I will follow my method and gradually and legally convert the Hong Kong dollars in our hands into foreign exchange." After Wang Fengzhi agreed, he added: "There is another way, which is to borrow US dollars from overseas banks and then return them. Reasonably apply for exchange of US dollars with Hong Kong dollars;
However, if the amount involved in this method is too large, it will be an obvious problem and easy to be discovered.”
“No need to do this first. What to do." Yang Wendong shook his head and said: "Everyone should first calculate how much Hong Kong dollars are in hand, and then wait for me to come back from the United States and then take a look at how to deal with it."
After all, it is still 1967. Morning, even if the economic crisis of 1965-66 affected Hong Kong's economy, it did not affect the exchange rate, so you can take your time; besides, even if you don't exchange all the money, you won't lose much, you can only make a little less.
This currency exchange, unlike in 1998, did not harm the interests of the group, so he did not have any psychological pressure
"Okay." Everyone agreed.
After everyone left, Yang Wendong left Zheng Zhijie behind and asked: "How is the property being cashed out?"
Zheng Zhijie said: "Currently, there are only a few properties that can be sold. It’s 780,000 feet.”
“Okay, I have cashed it all out in the past month or two." Yang Wendong paused and said, "You happen to have the most Hong Kong dollars in your hands. I will use part of your money to invest in the United States. You can come with me."
PS: Please ask for monthly tickets at the end of the month
(End of this chapter)