In the morning, Lin Zuhui attended the opening ceremony of the ‘Wan Guo Baotong Center’ and seemed to be in a very good mood.
The Wan Guo Bao Tong Center is located in the banking district of Central. It consists of two buildings, one is the 47-storey Wan Guo Bao Tong Building and the other is the 37-storey Asia Pacific Financial Building. The two buildings have a total area of 1.6 million square feet;
According to the current price reference of first-class apartments in Central, the total value has reached 16 billion, while the cost is only over 5.8 billion.
The reason why the value of the land has appreciated so much in three and a half years is because this land was awarded after the real estate crash in 1989. At that time, before the crash, it was thought that the land could reach more than 5.5 billion. After the crash, New Era Group only had 3 billion.
I won the bid and got a huge bargain.
Currently, the property rights of this building are: 50% of Hengjin Real Estate, 30% of Chinese Real Estate, and 20% of Wanguo Baotong and its partners; the current vacancy rate is 5%, the annual rent is HK$1.02 billion, and the annual net profit is expected to be 750 million
The above. What’s important is that office rents in Xiangjiang will continue to skyrocket!
After attending the event, Lin Zuhui came to Hengjin Investment, which moved into the Asia-Pacific Financial Center.
Wu Guoming was called and he asked: "How is the short selling situation of USD/JPY?"
Wu Guoming immediately said: "The goal has only been achieved by more than 10%. It seems that 124 points is a watershed. There are empty orders at 123 points!"
Lin Zuhui said without hesitation: "There is no need to rush! It won't be completed this year. There will be a chance at the beginning of next year. We will see what happens then."
This is his style of foreign exchange speculation. He will set a standard from the beginning and will not enter the market if the standard is not met. Some time ago, he closed his position below 122 points (the average closing point was 121.2). In fact, he made a lot more money.
Little money. Now he wants to sell short above 124 points, and Lin Zuhui also hopes to earn two more points.
"OK!"
Currently, Wu Guoming is mainly responsible for investment in Asia and can be regarded as Lin Zuhui's assistant; while George is responsible for investment in Europe and the United States, which is also the main investment focus area.
Then, Lin Zuhui asked: "What is the price of London gold?"
Wu Guoming immediately said: "332.3 US dollars per ounce!"
Lin Zuhui thought for a while and said: "Let's enter the market. Just buy gold futures below this number and spread it out. It doesn't matter if you buy it in two months. It doesn't matter if you can't buy it. You know my style.
, don’t chase the high.”
In fact, he only has a total of 1 billion Hong Kong dollars (20 times leverage), so it is almost easy to buy unless it does not fall below 332.3.
"Well, I'll notify the president and prepare to buy!"
It’s not that Hengjin Investment’s projects do not require information. Lin Zuhui will have Hengjin Investment evaluate and analyze every investment. Although he knows the trend, he will still read the investment evaluation report. As for whether he pays attention to it, it can only be said to be a
Just a look.
Hengjin Investment also has "free investment funds" for investment staff, but the amount is only over a billion. Of course, what they earn cannot be compared with the projects proposed by Lin Zuhui. Their return rate is generally more than 20%, which is good.
The return rate on Lin Zuhui’s investment may be more than 100%!
If according to estimates, he invested a total of 2.5 billion Hong Kong dollars in foreign exchange and gold this time, he may earn another 10 billion Hong Kong dollars next year.
It seems very profitable, but in fact, Lin Zuhui feels that investing in Microsoft is not as satisfying.
Hengjin Investment, New Era Group, Qixian, and the three parties hold about 3% of Microsoft. In the first quarter of 2000, the market value will be as high as 18 billion US dollars, about 140 billion Hong Kong dollars; this is equivalent to an average annual profit of 15 billion Hong Kong dollars.
Above, you can win money lying down without doing anything.
To be honest, he was tired of finance. If he didn't need money to invest in industry, he wouldn't want to risk investing in foreign exchange and gold. He was afraid of a 5% fluctuation in the middle and he would immediately liquidate his position. Although he had the funds to cover his position immediately,
You must act quickly, otherwise the market will be alerted.
In the future, when Lin Zuhui invests in Tencent, there is no need to deceive Ma Ge. When he is listed in Xiangjiang, he can just buy 3% of it in the secondary market. Because Tencent's market value on the first day of listing in Xiangjiang was only HK$7.2 billion.
The potential for appreciation is as high as hundreds of times.
For example, Apple's market value was only 5 billion in 2002 and only 3 billion US dollars in 2003, so Lin Zuhui never bought it.
Making money is already within easy reach for Lin Zuhui, but he still needs to struggle.
His current idea is to develop and expand his major companies and increase enough contacts and strength for himself.
........
Octopus Bank.
Lin Zuhui called President Stanley Ho and asked: "How much are the company's current deposits and how much is its cash flow?"
He Changhong was a little helpless. After this boss acquired the bank, everyone thought he would learn to be a banker. As a result, he sometimes did not come to the company even once a week and completely delegated power to the management.
Of course, it is impossible to think that the boss is unprepared at all. After all, Octopus Bank is only a member of the Octopus Financial Group. The Octopus Financial Group has many foreign consultants and many Chinese financial talents.
"The deposits are already 39.05 billion Hong Kong dollars, and the cash flow is around 20 billion!"
Lin Zuhui said in surprise: "Growth so fast?"
He knows a figure: there are about 1.6 trillion deposits in Hong Kong, of which foreign currency accounts for 53%; there are 147 banks that can accept deposits, and there are a total of 1,409 branches.
He Changhong said: "Well, Octopus Bank and its boss have a good reputation, so some citizens are willing to deposit their money in our bank."
Lin Zuhui not only sighed: "I didn't even expect it."
In fact, considering that Lin Zuhui has achieved such great achievements at such a young age, he is regarded as the God of Wealth in the hearts of the public. It is normal for them to pursue his company's stocks and trust his bank.
It can be said that as long as Lin Zuhui said in the newspaper that he was optimistic about that stock, it would be strange if the stock did not immediately rise by 10%.
Finally, Lin Zuhui said to Stanley Ho: "I plan to let Octopus Bank invest in gold spot, and it is a large investment. It is expected that it can be converted into gold worth 10 billion Hong Kong dollars, and then stored in our bank vault."
He decided that HSBC would not exist because he was worried that HSBC would know that he was speculating in London gold and would report him; then, if it fluctuated by 5%, his position would be liquidated.
As for the occurrence of a run crisis, first of all, it is almost impossible. He is not bankrupt, so how can he be run on? To put it another step back, if a run does occur, Hua Xia Bank will definitely save him if HSBC does not save him. Even if he does not have gold,
, will also save.
He Changhong said calmly: "Which channels does the boss plan to buy from?" He felt that investing in gold was nothing. It was not speculation in stocks or foreign exchange, not to mention that the bank was still the boss's private bank.
Lin Zuhui said: "First, it is through the gold and silver trading center; second, it is through foreign gold merchants. The gold merchants entrust Lukfook Jewelry to purchase, and the gold and silver trading office entrusts gold banks. The investment is diversified. I estimate that the last two or three
Every month is a good opportunity.”
He Changhong nodded and said: "Well, I will prepare a team to be responsible for completing this investment."
Lin Zuhui nodded and asked He Changhong to prepare first.
In fact, he is not particularly clear about the gold market next year. He only knows that gold rose by 20% in 1993 because of the pound's departure from the European monetary system.
Anyway, if there is a 20% profit, that is, if it hits US$400 per ounce, he will sell gold.
The average interest rate for lending is only about 9%, and the loan-to-deposit ratio must be kept below 50%. Obviously, there is no need to consider the loan-to-deposit ratio when buying gold.
If it makes nearly 2 billion Hong Kong dollars in gold this year, it will be equivalent to Octopus Bank's cumulative losses having been reduced to about 2 billion, which can be described as rapid growth.
You know, the two banks he took over had cumulative losses of more than 5 billion (losses before profits).
In this way, it is expected that in 1994, Octopus Bank will completely make back all the accumulated losses of China Commercial Bank and Overseas Trust Bank; by then, Octopus Bank's annual net profit should be 2 to 3 billion Hong Kong dollars, enough to be the leader of local banks in Hong Kong.
(Bank of China Non-local) ranks in the top five.
Lin Zuhui planned to let Octopus Bank go public in 1996, cash out part of the funds, and then buy dips for Octopus Investment Bank.
In this way, his financial group instantly doubled in strength during the Asian financial crisis.