Author: Shuidong Yeyu

"Hisense Bank?" Niubijian thought for a moment and said, "Chen Zhiwen's attitude in the past two years was obviously not optimistic about the real estate market. How could the bank he is acquiring now do the opposite?"

"It's a bit strange, but his outside information is that in those few days, Hisense Bank received a large amount of deposits, not only from those who had withdrawn money before, but also many people who did not originally open accounts at Hisense Bank also ran over. Among those people

, there are many people with millions of deposits. He thought, Hisense Bank now obviously has more deposits than loans. Although Chen Zhiwen is not optimistic about the real estate market, it does not mean that he is not optimistic about some real estate giant companies in Hong Kong. Although there is a certain degree of

There are risks, but if you deposit too much, the risk of going to the wrong bank is even greater." Bao Fuda said with a smile.

"It makes sense for me to say that. Since next year, house prices have been falling, and many people don't know that the Hang Seng Index is also falling, and stocks are not available for purchase, so it's really time to save money." Niubijian thought for a while.

, I also think it makes some sense.

Some banks in Hong Kong may not be optimistic about the real estate market, but as the largest customer group of banks, the real estate market has long been bound to banks, and it cannot be cut off completely. At most, risks can be controlled to a certain extent, but in that case, profits will be lost.

Will fall sharply. After all, bank deposits need to pay interest.

The history of Hong Kong and the world is that when there is an economic crisis, banks cannot help but lend money, even if they know there are risks. Therefore, at that time, large companies have the illusion of being ignorant of banks. After all, large companies

The risk resistance can be much stronger.

"There are too many fools. Those people still don't believe that Hong Kong's real estate market will definitely return to its peak. There are benefits to that. In the past year, bank interest rates have dropped significantly, and their debt pressure has also been reduced a lot." Bao Fuda.

He smiled and said.

When the market is sluggish, banks can significantly reduce loan interest rates to acquire customers. Although loan interest rates have remained unchanged a few years ago, when bank interest rates decrease, any company can borrow new or old debt to borrow new debt.

Swap low-interest debt for high-interest debt.

This is also an advantage of going against the market. Not only can we take advantage of the sharp drop in land prices to make large-scale acquisitions, but the financing interest has also been reduced.

"Okay, I'll send someone to communicate with Hisense Bank to see if everyone can open their doors for business. Although they have had some conflicts with Chen Zhiwen, they won't stop making money just because they have money." Niubijian nodded.

said.

Newbigan, Bowford and the Keswick family behind them are all firm believers that housing prices will continue to rise. For this reason, they are willing to continue to expand their scale, because once land prices recover, Real Estate will make a lot of money.

In the past 20 years, every time there was a real estate crisis, many Chinese used such tricks to expand their scale exponentially. The scale of real estate is already the largest in Hong Kong. It does not need to be exponential, but it can be doubled. That is enough to suppress the market.

HSBC and Chen Zhiwen are in trouble. This will not be the dream of Jardine Matheson Group to regain the prestige of Hong Kong's largest financial group.

"Okay, he will release the news and see how Hisense will react. Isn't it a bit strange that the current general manager of Hisense Bank is actually a 30-year-old Chinese who has just worked for a few years? It's incredible," Bao Fuda said.

"What's strange? Chen Zhiwen is about the same. They all have to admire him for his high achievements." Niubijian shook his head and said. In the early decades, Hong Kong's consortiums all looked at seniority and background. The bigger the company with a long history, the bigger the success.

But in the past ten years, things have completely changed. Not to mention several companies under Chen Zhiwen's banner, there are only five real estate giants. Although they are not as good as Real Estate, they have gradually gained the ability to compete with others.

"No." Bao Fuda nodded.

A few days later, Huo Jianning came to Chen Zhiwen's office in Galaxy Tower with some of Hisense Bank's financial data.

"How's it going? Are you used to staying at Hisense?" Chen Zhiwen asked while drinking tea. During that time, he liked bitter tea. Although it tasted bitter, the feeling after drinking it was not unpleasant.

Not bad.

"It's very good. Thank you very much for Chen Sheng's strategy of returning part of the interest. At present, Hisense Bank's deposits have exceeded those before the previous loss of 60 million US dollars was exposed, and they are increasing." Huo Jianning said with a smile.

"That's good, continue to absorb deposits. In addition to the most basic regulations of the Hong Kong government, other funds will be gradually converted into US dollars." Chen Zhiwen nodded and said, returning a large part of the interest will allow the money that was previously withdrawn to be deposited quickly.

The total amount of deposits in Hisense Bank can exceed the previous total amount, and it is estimated that more than half of it is due to his fame.

As the world-recognized richest Chinese man, his popularity in Hong Kong has reached its limit, and almost everyone knows about it. When a bank is available, many people will definitely choose a bank that they can trust for the safety of their funds.

With the blessing of Chen Zhiwen's halo, Hisense has become the first choice. It is estimated that Hisense will open branches internationally in the future and attract a large number of Chinese customers.

"He has already applied through the official process. There are too many funds involved. He discussed something with Chow Sang and decided to conduct currency exchanges with some large companies that intend to invest in Hong Kong. In this way, it will be convenient for everyone and very economical.

We lost the cost of exchange rate conversion," Huo Jianning said.

"Currency swap? That's okay. As for cooperation with a well-known company in Guojiquan, it can prevent the ship from capsizing in the gutter." Chen Zhiwen nodded and said.

Hutchison Whampoa and Hisense Bank's exchange of funds for U.S. dollars involves hundreds of millions of dollars. If a few years ago, such as when Chen Zhiwen invested in gold, it would have been a period of time in advance, and there would have been no problem. But by next year, the time point has become more sensitive.

, any large-scale exchange may cause turmoil.

Fortunately, most of the profits Chen Zhiwen made overseas before were in foreign exchange. Unless there was demand in Hong Kong, they were not converted back to Hong Kong dollars. The reason for the continued exchange was because Hutchison Whampoa still relied on foreign currency in Hong Kong in the past two years.

Real estate has made a lot of money, and Hisense Bank has a large amount of Hong Kong dollar deposits, which cannot be converted into US dollars. When the Hong Kong dollar exchange rate plummets, it will be a huge loss and will almost be cut in half.

In addition to real estate, large factories, and the most basic working capital, Chen Zhiwen also plans to convert everything else into foreign exchange now. In this way, when the Hong Kong dollar crisis breaks out, not only will he not lose money, but he can also be the savior to "save the Hong Kong dollar" to help stabilize the economy.

In Hong Kong dollars, you can also get huge profits and various favors, etc.

"That's no problem. They are also cooperating with some Japanese consortiums and banks. Those Japanese consortiums seem to be as optimistic about Hong Kong's real estate as Land." Huo Jianning said.

"If you look at it from a long-term perspective, it's just a short-term thing if you're not optimistic about it." Chen Zhiwen said that from 1985 to 1997, Hong Kong's housing prices increased nearly 10 times, and the real estate crisis before 1985 was actually

Hong Kong’s housing prices have only been cut in half. Judging from the data, Hong Kong’s future housing prices have the potential to rise by 5%.

Many overseas consortiums were optimistic about Hong Kong as a window to the outside world and bet on the future. Hong Kong soon faced a critical blow. Before Japan's own real estate market took off, many Japanese consortiums and banks liked to come to Hong Kong.

Hong Kong investment.

"He also received news from Land that they planned to seek a loan of HK$3 billion from them." Huo Jianning added.

"3 billion Hong Kong dollars? Isn't every sum that big?" Chen Zhiwen smiled and said: "Reply to them, we can talk about it, if I insist on it, he will go."

A business of HK$3 billion is enough for the big boss Chen Zhiwen to come forward in person, especially the people from Jardine Matheson Land.

"Okay, let him make arrangements." Huo Jianning said.

In June and March, Hong Kong has entered summer.

Outside the Mandarin Oriental Hotel, the heads of two of Hong Kong's largest conglomerates met there.

"Mr. Niubijian, the decoration of my Cultural Oriental Hotel is really luxurious. Compared with his Hilton, it is much more powerful." Chen Zhiwen came to the presidential suite and said with a smile after seeing Niubijian and Bao Fuda.

"It's just been renovated. In terms of location, it can't be compared to the Hilton Hotel. If Mr. Chen is willing to renovate it again, the business will definitely be better given the location." Newbijian said with a smile: "It's just here.

, Hilton Hotel, Chen Sheng has very little control, right?"

"It's just a matter of time." Chen Zhiwen said with a smile. When he purchased the Hilton Hotel property too early, he decided to buy the land to the east of the hotel. The area was large enough and the location was good enough. It was also very rare in Central.

Even if he waits until next year, such a piece of land will cost at least a billion Hong Kong dollars, and the cost of his original acquisition is only one-fifth of that price. Although housing prices will fall next year, the multiples of housing prices rising from 73-81 are too high.

too much.

At present, Qidong's business is getting bigger and bigger. The current Galaxy Building has been obviously used. Midea's offices have been moved to the vicinity of Yuen Long Industrial Park. Fortunately, Midea's characteristics are not that of a large manufacturing company.

Need to stay in bustling Central.

In the original history, Li Jiacheng demolished the Hilton Hotel and built it as the headquarters of Cheung Kong Industries. Now, it is actually similar. We just need to wait for the right time to prepare to take back the Hilton Hotel.

"That's not true." Niubijian nodded. At that time, a group of them laughed at Chen Zhiwen for acquiring hotel properties that he had no control over. However, with the skyrocketing land prices, land in Central has become even more scarce. Nowadays, the Hilton Hotel has so-called liquidated damages.

Compared with the demolition costs, the land price is just a drop in the bucket. It is impossible to get a high-quality Central land at all. Even if it is compared with the land king in Exchange Square, the area is smaller and it does not have a seaside view.

"Don't they want to talk about business?" Chen Zhiwen said, getting straight to the point.

"Okay, let's just say that he hopes to borrow 3 billion Hong Kong dollars from Hisense Bank," Newbijian said.

"With such a large amount, what is Yihe going to do with it?" Chen Zhiwen asked. It is normal for banks to ask whether the purpose of their loans is normal. There are a few special loans, regardless of the destination, but those generally have high interest rates and

It is necessary to focus on risk issues.

"For the land that was auctioned last year, they need to pay the third tranche of funds to the Hong Kong government, 1.6 billion Hong Kong dollars. At the same time, they also need to start the transaction square project." Niubijian said, there is nothing to hide about this kind of thing.

Yes, for a loan involving such a large amount of money, the bank will definitely verify it later.

"What is the collateral?" Chen Zhiwen said. The land auctioned by the Hong Kong government, not to mention king land, is just ordinary land. The average price is hundreds of millions of Hong Kong dollars. Although there are many companies with a market value of billions in Hong Kong, it can be enough in one go.

It’s not much to spend hundreds of millions. Therefore, most bidders pay in batches. They pay a small amount first to get the ownership of the land, and then mortgage it to the bank to obtain funds and then provide subsequent funds to the Hong Kong government and

For the future construction costs, for high-priced land like Diwang, can you please divide the money into three or four times?

"Future Exchange Square earnings," Newbrickian said.

"We should have mortgaged that equity to HSBC, right?" Chen Zhiwen said. It involves a large amount of funds. It is not difficult for banks to find out. In the era before the Internet, many people would mortgage multiple times with different banks, but

It is suitable for small properties and large mortgages. There will be communication between various banks. After all, everyone can be a victim.

There is also an exception in Hong Kong, and that is overseas banks. There are too many overseas banks, and they do not have the habit of communicating with Hong Kong banks. In addition, sometimes, banks outside the bank can turn a blind eye, so let

Many large consortiums often play this way, which is one of the reasons why there are so many overseas banks in Hong Kong. It is not because Hong Kong banks are not used, but because they have special needs.

"Yes, the total area of ​​Bu Nao Trading Plaza will exceed 2 million square feet in the future. If housing prices return to last year's price, the rent alone will cost 5 to 6 billion a year, and the value can be as high as 20 billion." Newbi

Jian said.

"What if the land price cannot be recovered?" Chen Zhiwen asked rhetorically.

The value of Land King is really very high, otherwise it would not be sold for HK$7.3 billion, which is much higher than the market value of Cheung Kong Holdings. In fact, the area of ​​the building built on that land is too large, and it is not that of ordinary Central buildings.

5-7 times. In the original history of 1985, Land was in financial crisis, but it would rather sell Hong Kong Electric, which had a monopoly on power generation business and a large amount of high-quality land, than trade in building projects, which shows its value.

Well, after that, in a few months, Hong Kong’s land prices will plummet.

"Doesn't Mr. Chen believe that Hong Kong's future will be better?" Niubijian asked with a smile, whether that sentence was a lie.

"Of course he believes that he can grant a loan of HK$3 billion to the local businessmen, but only if there is sufficient collateral," said Chen Zhiwen.

"He can add some other properties and tell him in advance whether they are mortgaged," Newbijian said.

"What about our stocks? Or the stocks and properties of other subsidiaries?" Chen Zhiwen asked.
To be continued...