In the 1990s, Hong Kong City was known as one of the Four Asian Tigers. Although it was in turmoil, its prosperous economy was not comparable to that of mainland provinces.
In the history of the port city's economic development in the 1990s, the Lee Group must have played a significant role.
Among them, Li Jiacheng's name has to be mentioned.
Just from the way the outside world calls him Li Chaoren, we can see Li Jiacheng's strength in the Hong Kong business community.
As a reborn person, Chu Tianyao knew clearly that Li Jiacheng had a huge opportunity in the late 1990s.
This opportunity was the Asian financial crisis that occurred in 1997.
If Chu Tianyao remembers correctly, it will be less than half a year before the Thai baht crisis breaks out in Dai. By then, this financial crisis will completely sweep across Asia, and even Russia and Brazil will be affected.
A large amount of capital was withdrawn, and speculative forces focused on impacting the exchange rate of the Hong Kong dollar. Under the huge selling pressure of the Hong Kong dollar, the overnight interest rate in Hong Kong once rose to a level of 280%, which is enough to show the terror.
Such a move naturally caused heavy losses to the Hong Kong stock market, which fell sharply to 8,775 points within a few days, a drop of nearly 50%.
That is, in 1997, the upper class in Hong Kong City was complaining incessantly, the economy was in decline, and the lives of the people at the bottom were also miserable.
Even Buffett, who is far away in the United States, is marveling at the horror of this financial crisis.
And if we look at the financial crisis of 1997, Hong Kong City was actually the least affected place. The reason is because 1997 coincided with the Hong Kong City's return.
With China as a rising international power, Hong Kong City has a firm foothold in the financial defense war.
As the saying goes, good fortune and misfortune come from the economic bubble in Hong Kong City, which gave Li Jiacheng an opportunity.
When the port city's economy went down, real estate shrank significantly and prices continued to fall. In order to increase revenue and promote local economic development, local finance had to introduce a series of policies to support real estate.
It was at this time that Li Jiacheng's Li Group began to fully enter the Hong Kong real estate industry.
In just one year, the Lee Group began to acquire land in many first-tier economic cities in Hong Kong with almost lightning speed.
With the policy support from above and the golden brand name of Li Group, Li Jiacheng could easily obtain a large loan from the bank.
With the economic recovery, no one expected that the Hong Kong city would usher in another wave of spring after its return to the motherland.
The explosion of the demographic dividend has brought about the explosion of the real estate industry, and the value of the land in the hands of the Li Group has suddenly increased several times.
However, what everyone did not expect was that Li Jiacheng did not intend to sell the land in his hands, but instead developed it on a large scale.
From commercial residential buildings to large supermarkets and even office buildings in economic zones.
In the hands of Li Jiacheng, these lands were turned into high-rise buildings.
Among them, the most famous one, and the most astonishing to future generations, was the theory of public stall area first proposed by Li Jiacheng.
When buying a house, do you still have a shared area?
This concept is almost unimaginable abroad, but in Hong Kong City, it has been officially implemented in the market through the near-monopoly promotion of the Li Group.
With the regulation of shared area, Li Jiacheng can be said to be making money every day in the commercial housing industry.
In just a few years, Li Jiacheng has vaguely gained the title of Asia's richest man.
In the second half of 1996, the financial crisis had not completely broken out, and Li Jiacheng was still worried about returning to the committee.
Hong Kong City, Lee Group.
"What?
Is this guy asking me to borrow money?"
In the chairman's office, Li Jiacheng looked at the contract in his hand, a look of sullenness on his face.
"It's not a loan, the other party wants to cooperate with you, Director Li. I heard that there are several pieces of land in Hong Kong City that are going to be foreclosed on recently. They are all in good locations, but the price is quite high. What Chu Tianyao means,
I hope you can cooperate with him to win these lands."
In the office, Li Jiacheng's secretary explained aloud.
“Shooting location?
Get into real estate?”
Hearing this, Li Jiacheng frowned and carefully read the contract sent by Chu Tianyao.
According to Chu Tianyao, he was planning to set up a real estate company in Hong Kong City. Needless to say, the meaning of this move went without saying.
"A kid from mainland China, even if he has some ability, wants to engage in real estate in a place like Hong Kong City where land is so valuable?"
The corners of Li Jiacheng's mouth were slightly raised, but there was a trace of ridicule.
"It's so reckless!"
Today's port city economy is booming, land prices are rising continuously, and competition in the real estate industry is fierce. Although the Li Group is also involved in real estate, the group's focus is not entirely on real estate at the moment.
Even Li Jiacheng doesn't dare to bet all his money on the real estate industry easily at this moment. How ridiculous is it that Chu Tianyao, a young junior from the mainland, wants to shamelessly cooperate with him in a real estate company?
"Director Li, what do you think of this cooperation?"
At this time, the secretary asked from the side.
Li Jiacheng sneered and waved his hand.
"cooperate?
I think this guy is close to death, so how could I agree to this cooperation?"
As soon as Li Jiacheng said these words, the secretary beside him nodded repeatedly.
But soon, the secretary said again: "Director Li, we have just issued a statement saying that we will cooperate with this mainland businessman named Chu. Now if..."
"Why, are you afraid that he will become a monster?"
Li Jiacheng also frowned when he heard this.
Speaking of which, he was in a bit of a dilemma. He said it himself about cooperating with Chu Tianyao. If he really didn't cooperate with the other party and he broke his promise first, I'm afraid Chu Tianyao would make some trouble.
Now that the return is imminent and the committee has been formally established, he cannot tolerate any mistakes.
"Well, let me consider the matter of cooperating to open a company. In name, I can cooperate with him, but you have to tell the guy named Chu that I will not have a direct relationship with his company. If this guy is short of money,
I can ask the Li Group to lend him some money."
Li Jiacheng said with a slight smile.
One slap and one date.
If Chu Tianyao wants to drag him into trouble, he will naturally not agree, but it is only a nominal cooperation, and he does not mind if Chu Tianyao pulls his tiger skin.
Of course he understands Chu Tianyao's thoughts. If he can get involved with the Li Group, his new company will have no shortage of investors in Hong Kong City.
In addition, Li Jiacheng can lend money to Chu Tianyao, but if he is asked to invest in the company, that is absolutely impossible.
This is clearly a trap, so it would be foolish to jump down.
As for Chu Tianyao.
In Li Jiacheng's view, he is just a young man who is somewhat cunning but arrogant.