Chapter 425 The terrifying cash flow of Changxing Real Estate (please ask for monthly tickets)
There are no other major events in the UK. After a day of traveling, Yang Wendong returned to Hong Kong with his group. It was already December 22nd. In the blink of an eye, another year has passed.
It also rained lightly here in Hong Kong, which was very refreshing, but it could not suppress Hong Kong’s skyrocketing housing prices, which once again hit a new high.
On the 23rd, after Yang Wendong arrived at Changxing Building, Zheng Zhijie from Changxing Real Estate came quickly.
"Sit down, I bought some local tea in the UK." Yang Wendong greeted while making tea, and said: "Although I think the taste is not as good as that in the mainland, we also need to change the taste occasionally."
The Chinese in Hong Kong also love to drink tea, but although they are close to the mainland, tea from the United Kingdom or other British colonies has become the mainstream choice for Hong Kong people for a long time;
The reason is not because of foreign tea. Well, in the past few decades, various reasons in the mainland led to traffic chaos and difficulty in exporting. It was not until the 1950s that things gradually improved, but it is difficult to change the habits of many people in Hong Kong.
But for Yang Wendong, when he came into contact with tea, he bought tea from the mainland directly, and then the people around him did the same.
"Okay." Zheng Zhijie said with a smile: "I have been I have drank a lot of British Dahongpao, and the British ghosts especially like to drink this."
"Well, I also sent some to Sanders," Yang Wendong said, "Although we are here for the time being. I don’t have much cooperation with HSBC, but I still need to deal with the relationship more in the future.”
After all, HSBC is the "quasi central bank" of Hong Kong. Even if its asset size is ten times larger one day, its business in Hong Kong still needs to cooperate with HSBC. Even some overseas investments can also be done by HSBC.
Compared with other British capitals, HSBC can be said to be Yang Wendong's best British capital partner. It has strong strength. If history remains unchanged, HSBC can become one of the top ten banks in the world in the future.
The only pity is that HSBC, as a "quasi central bank", is protected by Hong Kong law. No matter how rich it is, it cannot acquire more than 1% of the stock. This is still different from Jardine Matheson. But in the short term, I don’t need banking business. In the future, there will be opportunities to set up my own bank.
Zheng Zhijie replied: "I have met Sanders several times recently. This ghost guy Like us, they are no longer optimistic about Hong Kong’s real estate market, but as a bank, they can’t invest.”
“Well, he doesn’t care. Anyway, when the real estate market goes up, they make steady money. If they lose, who dares not to pay it back.” HSBC’s money?” Yang Wendong smiled and said, “Hong Kong has many assets with stable returns, and HSBC is one of them.”
Hong Kong has many stable assets, such as gas, power generation, ports and terminals, etc. These are absolutely not loss-making, and HSBC is one of them.
Zheng Zhijie said: "Yes, Yang Sheng, how about we also acquire 1% of HSBC's shares. Anyway, we have a lot of cash in our hands now."
"This is not urgent." Yang Wendong After a pause, he said: "Have all the non-core real estate properties in your hands been cashed out?"
Zheng Zhijie replied: "Yes, except There are also some properties in prime locations in Central. I have cashed out all the others. I currently have about HK$140 million in hand. The US$3 million you wanted to remit to the United States is not included in the cash.”
“ There is really a lot of turnover, that is to say, in the past few years, you have made a total of 150 million Hong Kong dollars?" Yang Wendong asked with a smile.
Since 1959, Changxing Real Estate has begun to hoard land appropriately. Part of the funds were mobilized by Yang Wendong, and some were earned from developing community properties by himself. Then they used bank leverage to purchase the land, rent it out, and then wait for the appreciation in value.
Over the years, with abundant capital and enough courage, I purchased large tracts of land and properties, and then cashed out when prices peaked. The profits I earned were astonishing, not even lower than those of Changxing Industrial. year's results.
“To be precise, it’s more than just that.” Zheng Zhijie continued: “Many pieces of land from Changxing Industrial, Carrefour, and Honor Electronics were acquired by me, and then transferred to them at market prices. .
For example, our industrial park in Kwun Tong has such a large area that even for industrial use At the current price, the land is worth at least 60 to 70 million. "
"Don't even think about that piece of land. The larger the area, the harder it is to cash out." Yang Wendong shook his head and said, "Unless Hong Kong's industry fails in the future. , or the labor cost is too high and Changxing Industrial needs to move away, then there will be opportunities for development of this land. ”
Although the Changxing Group's core industrial base is large enough, it will not be developed as real estate in the next 20 years. Only when Hong Kong's industry really fails and is transferred to the mainland in the 1980s, then this land will become vacant.
Judging from this area, it is definitely similar to Li Jiacheng’s Whampoa Garden in history. The Whampoa Garden land was developed in the 1980s, with a net profit of 5 billion + a 1.7 million square foot commercial plaza. , and also has property management business for more than 10,000 households.
Of course, the production profit of Changxing Industrial is actually no less than that of real estate development. Although wages in Hong Kong will rise high in the 1970s, Changxing Industrial can still afford it. It will be opened in 1978. , it can be partially transferred. The mainland is the most suitable industrial base. Now we have no choice but to choose Bay Area, Singapore, etc. After all, it will take more than ten years to open up, so we can't just wait like this.
Zheng Zhijie nodded and said: "Yes, the core of our group is still Changxing Industrial."
"The future is not certain, it may be Honor Electronics." Yang Wendong added: "Glory There is an expansion plan there. Keep an eye on Hong Kong Island to see if there is a suitable factory area;
According to my estimation, once the real estate crisis occurs, the Hong Kong government will have financial problems. At that time, we will take the initiative and buy the land that Honor needs. ”
The Hong Kong government generally rarely has fiscal surpluses, and even a little bit. The logic is very simple, because if a certain department does not use up its budget this year, it will be gone next year. This kind of thing, in many times, , many institutions are like this
And once there is an economic crisis, real estate auctions The decrease in tax revenue and the deterioration of the economy will lead to a decrease in normal tax revenue, which will inevitably cause financial stress for the Hong Kong government. Therefore, every time this happens, the Hong Kong government will relax a lot about real estate auctions, and even allow real estate companies to negotiate with the Hong Kong government to obtain Which piece.
“Yes, I will negotiate with Wang Sheng. "Zheng Zhijie agreed.
Yang Wendong asked again: "In which banks are our funds now? ”
Zheng Zhijie said: "Part of it is with HSBC, part of it is with Hang Seng Bank and Bank of East Asia. Where did we get the loans for these properties, and then the funds are in that bank."
"Well, the funds of Chinese banks "Yang Wendong said again: "Transfer to HSBC, Standard Chartered or overseas Citibank." "Yang Sheng, are you not optimistic about Chinese banks?" Zheng Zhijie paused and asked. .
“Yes.” Yang Wendong said: “The main business of Chinese-owned banks is real estate. Once there are problems in real estate, then Chinese-owned banks may also have problems. The situation of Liao Chuangxing Bank may also happen again. I need to be prepared, it may not happen, but we don’t need to bet on it.”
The run on Hang Seng Bank was actually very strange, because it was originally a problem with a Matilda bank. It also only has a little cooperative relationship with Hang Seng.
But for some reason, Mingde's problem suddenly turned to Hang Seng, which eventually led to a run on Hang Seng Bank until it had to sell itself. Even other Chinese banks after Hang Seng were affected one after another.
It is estimated that this incident will still happen, but his appearance will have a great impact on the Hong Kong business community. He does not know whether some Chinese banks will actually collapse because of this. For safety reasons, he will definitely To transfer funds away.
The departure of bank funds will also give him enough say when Hang Seng is run in the future. Otherwise, if Hang Seng runs out of money, it will be useless even if he wants to use the funds in his account to provide emergency relief.
"Okay, then I'm going to do it now." Zheng Zhijie said again: 'If you do it like this, the bank will definitely find it. Although they can't stop it, the movement is too big and it may cause other reactions. . '
"It doesn't matter. My acquisitions in the United States will be announced soon." Yang Wendong shook his head and said: "At that time, we will say that these funds are used for overseas mergers and acquisitions. Even if others are suspicious, there will be nothing they can do. .”
The acquisitions and capital increase plans in the United States during this period can be regarded as a suitable excuse for the transfer of Hong Kong funds out of Hong Kong and the exchange of U.S. dollars. Otherwise, the Hong Kong government will definitely prevent such a large amount of U.S. dollars from leaving.
The so-called free exchange is also relative. What's more, Hong Kong in this era does not have absolute free trade
Zheng Zhijie said: 'This is a good method. '
"Yeah, that's okay." Yang Wendong nodded and said, "That's all your tasks next, we'll just wait and see when Hong Kong's real estate crisis will appear."
The course of history may not change, but the butterfly effect may also affect the timing of historical events.
Yang Wendong also wants to know how much impact his butterfly effect will have.
PS: Please give me a monthly pass
(End of this chapter)