Chapter 604 The Wealth Summary in 1970
Time soon arrived in 1971. This year is very important for many people in Hong Kong, because the "Qing Dynasty" was completely over;
When Britain first acquired Hong Kong in the early years, although the British Empire was still in its peak period, its remote army was very weak, and its own policies were also used in the law. For Hong Kong, it was natural. Many of them use the Qing Dynasty laws.
For example, if the death penalty is sentenced to death, then beheading, and if the British have committed the death penalty, then hang it. In short, in this regard, it is still much better than the small days. A bad era is barely OK.
In the Qing Dynasty's laws, the marriage law was also used by Hong Kong. Therefore, early Hong Kong men could legally marry concubines, but after all, they were influenced by Western culture, "concubine" People are still human rights, and they will not really be like in ancient times; eventually, "big wife" and "second wife" evolved, of course, some ancient wealthy families still abide by the ancient sayings, but they dare not really regard people as "Ancient concubines" are dealt with at will.
In this way, it continued until early 1971. The Hong Kong government officially issued an announcement that it would soon abolish the Qing Dynasty laws. At this point, most of the laws in Hong Kong will follow the British law, and a small number will make a small change based on their actual situation;
As the legal policy envied by men in countless other countries around the world, it disappeared.
On January 9, at Four Seasons Hotel, Yang Wendong called his two brothers;
"Haoyu, can't you marry a second wife in a few months? You have to catch it This is the last hurdle." Yang Wendong said while pouring tea, "Look at Liming, there are two wives." Zhao Liming smiled and said, "Brother Dong, don't talk about Haoyu, don't talk about me, even if you say Haoyu, don't talk about me." Ah."
Lin Haoyu shook his head and said, "Forget it, don't bother. After marrying a second wife, you have to have another child. Although you can afford it, it's too much energy. I have three children now.
If there are more, then I will have enough. , the family may be very disharmonious. I like my current life very much."
The two of them, who followed Yang Wendong in their earliest stages, were unable to keep up with the company's development due to their education and ability, Yang Wendong still gave them suitable positions and very generous salaries;
More importantly, financial channels and news. In mid-1964, Yang Wendong told them to sell all the real estate stocks they had, the lowest in 67 years. At that time, they were asked to buy houses with full leverage, and even asked Hang Seng Bank to lend more. This positive and negative resulted in their assets easily increasing by dozens of times, reaching the value of millionaires.
Although it is not considered a big wealthy family, it is also a rich man.
Yang Wendong nodded and smiled, "It's good that this is the case. If you don't have any disputes in the future, and inherit this kind of problem, the emperor for thousands of years will not find a perfect way, so he can only work hard to find a balance."
Among the ancient dynasties, Yang Wendong preferred the "Prince's Responsibility" model of the Ming Dynasty, but commercial companies are different from dynasties. The latter can only be inherited by one person, while the former can be separated;
Future How to do it, it can only be based on the strengths, abilities and performance of each child.
Although the oldest child is less than 10 years old, we need to start thinking about this issue now.
Zhao Liming said: "Brother Dong, you have to think carefully, it will be much easier for us to do."
"Not necessarily. Your current value may not be very high in Hong Kong, but it will be hard to say in the future. You may also become a wealthy family in the future." Yang Wendong said with a smile.
Lin Haoyu shook his head and said, "Brother Dong, we don't have the ability to start a company, we just want to buy some house."
Yang Wendong said, "As long as you seize the opportunity in the future, it is still possible. Yes, in addition, the two companies, Changxing Industrial and Sun Hung Kai Properties, are going to go public, you can buy some stocks, I am still optimistic about these two companies, and I am also a major shareholder. "
The four major families in Hong Kong in the future The founder's abilities are beyond doubt. Even if they may not be able to reach the peak of their previous lives because of their own existence, they should not be much worse.
Especially Li Jiacheng, although many people don't like him, But his business ability is unquestionable. It is also the most successful case of Hong Kong's overseas entry. The business empire is spread across multiple industries and dozens of countries. Even if he controls a lot of Hong Kong's wealth, it will not affect him from investing overseas.
"Changjiang Industry? Li Jiacheng has been very famous recently. He was at the Hong Kong government auction, but the auction was very fierce." Zhao Liming said.
Yang Wendong nodded and said, "Yes, he has the courage and ability. The success of the Plastic Flower King back then was not luck, so you can buy some of his stocks appropriately."
Lin Haoyu asked: "When will Changjiang Industrial go public?"
"Next year." Yang Wendong replied.
In history, Changjiang Industrial was listed in 1972, but now it may be ahead of schedule due to its own reasons, and even the entire real estate market and stock market have been affected by itself; on the one hand, Changxing Group is driving the lead in Hong Kong After a large amount of economic activities, most of these funds eventually flowed into the real estate and stock markets. On the other hand, Yang Wendong himself invested a lot of money to buy stocks of many real estate companies, because buying stocks of real estate companies is much easier than buying land.
Lin Haoyu nodded and said, "Okay, I'll take a look."
After lunch, the three brothers separated, and Zhao Liming and Lin Haoyu basically did not participate in the various businesses of Changxing Group. It is also a special arrangement. The former brothers are not considered subordinates, and the relationship is naturally easy to deal with;
As for charitable funds, although there are superior and subordinate relationships, they do not involve interest business.
After returning to the office, Sister Wang of Finance knocked on the door and laughed and said, "Yang Sheng."
"Sister Wang." Yang Wendong nodded and signaled: "Sit down, did the group's financial data come out last year?"
Any company has to count the turnover, profit and development status of the previous year every year every year. Changxing Group is naturally the same for issues. Generally, Wang Fengzhi, the head of the group's financial department, is responsible for this matter.
Wang Fengzhi replied, "It's already out. Here are the revenue data of several subsidiaries. Yang Sheng, please check it out first."
After saying that, a piece of information was handed over. After getting up, Yang Wendong took it and opened it and saw the form on the first page. He smiled and said, "It's not bad. The turnover of Changxing Industrial, Honor Electronics and Changxing Shipping have exceeded HK$500 million."
Changxing Industrial is the most experienced company under Changxing Group. Although the value of a single product is very low, the sales volume is very high, and the quantity is in units of millions, tens of millions or even billions. This base can be sold at a high price no matter how cheap it is;
Honor Electronics' history is not as good as Changxing Industrial, but its main products are electronic products, especially TVs and some white appliances. One is only a few hundred or even thousands of Hong Kong dollars, and the turnover of hundreds of thousands of yuan is over 100 million yuan. , Honor Electronics' products are also sold well in Asia, South America and the Middle East.
Not to mention Changxing Shipping, in the early years, a large amount of money was invested in buying ships. Since 1967, global shipping opportunities have exploded. The feeling of shipping is not cargo, but currency, especially large oil tankers. The loading costs are as high as one million dollars.
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These three companies are also the top three in the report.
Wang Fengzhi explained: "Yes, the turnover of the three companies has exceeded HK$500 million, of which Changxing Shipping has the highest profit, with a profit of HK$170 million. Now shipping is too profitable, Bao Yugang and Dong Haoyun are also Same;
Changxing Industrial has the highest turnover, close to 800 million yuan, and its profit is 125 million yuan, maintaining the previous normal profit margin;
Honor Electronics' profit is 106 million yuan, and its profit is the lowest, mainly because it is a large number of advertising and terminals. Investment, otherwise the profit could exceed Changxing Shipping. "
"Well, there is no hurry to make the profits of Honor for the time being, just build the channels first. "Yang Wendong doesn't care about this.
In the field of traditional electronic home appliances, it is not easy to obtain a certain market among many old giants. Just be able to do it. The most important thing at the moment is to open up popularity and various places. channel investment, because even the channel outsourcing model requires a lot of costs;
However, the era of electronic games is coming soon, and the profit margins of this industry are completely top-notch, which was originally in history. Atari's annual profit at its peak was as high as $1 billion, which made IBM jealous. Of course, this was also the 1980s and 1970s, but it was at least the level of tens of millions of dollars;
In other words, if a game is done well, it is enough to beat many products in the traditional industry in terms of profit margin;
This is also why the Internet giants in previous lives Byte, Tengxun, Alibaba, and Baidu I'm thinking about the reason for making games. It's so profitable. A company that says that it's harmful to people if it doesn't make games is just because it doesn't have the ability. The profits of some popular games are not even lower than those of Internet finance.
Wang Fengzhi continued: "The next one among the group is Watsons. Last year's turnover was HK$468 million and its net profit was 115 million, surpassing Honor Electronics. The sales of ham sausages in food are very popular. , both in developed countries in Europe and the United States and Asian countries, sell very well. "
"The profit margin of the food industry is indeed not low." Yang Wendong also said with a smile.
Wang Fengzhi said: "Yes, when containers in Hong Kong and neighboring countries become more popular, Watsons' business will only be better. Their transportation costs are still very high now, because many foods are afraid of being on the road. Damage."
"It's probably going to be soon. Several docks in Hong Kong will be completed next year, and traditional docks will have to be closed by then." Yang Wendong nodded and said, "Other Asian countries are also starting to build container docks."
Container terminals are already the general trend, and Europe and the United States have basically changed their products, so Asia will naturally keep up quickly.
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(This chapter is over)