Chapter 799 [Teaching citizens of Xiangjiang to invest]
Los Angeles.
"Wenjie, this is my colleague Jones..."
Lin Wenhua was happy to introduce Lin Wenjie to his colleagues at Uber. Uber was founded in July, and the APP is still in preparation, and of course there are operating cars. In short, he is very confident because his father taught him the "secrets of invincibility".
Lin Wenjie greeted the people at Uber in a friendly manner, with a calm demeanor without losing the vitality of a young man. He is the son who has been with Lin Zuhui for the longest time, and is naturally the son who is most anticipated by Lin Zuhui.
Arriving at Lin Wenhua's office, Lin Wenjie joked: "Second brother, you are not starting a business. Look at technology tycoons such as Steve Jobs, Bill Gates, and Bezos. They all started their businesses in garages. Look at Uber, the office building is spacious.
, the environment is good, not like a start-up company.”
When entering the list of family office members, they are ranked by age. Lin Wenyi from Cai Ning's family is the eldest, Lin Wenhua from Guan Jiahui's family is the second oldest, Lin Wenjie from Wang Lingyin's family is the third oldest, and Lin Shiwen from Wang Zuxian's family is the fourth...
.
Lin Wenhua welcomed Lin Wenjie on the sofa, then put his arm around his shoulders and said nonchalantly: "Didn't I make 600,000 US dollars in the stock market? It's not like I have no money!"
Lin Wenjie said with admiration: "You are amazing, you can escape from the stock market crash!"
Lin Wenhua became proud, and then said: "Isn't that right? I sold out my stocks before November last year, and the global stock market crash soon followed. Fortunately, I got out in time, otherwise I would only have eighty or ninety left with the $1 million borrowed from my mother.
Ten thousand, but you will lose a little."
Lin Wenjie once again expressed sincere admiration: "Then you cashed out just at the peak. It's a bit like Baba's style. You are a small stock god!"
It was okay not to mention Baba, but as soon as Lin Zuhui was mentioned, Lin Wenhua no longer dared to lie.
He smiled coquettishly and said: "It was my father who warned me, and this Uber company was also suggested by my father!"
Lin Wenjie immediately punched Lin Wenhua and said with a smile: "Second brother, you have been bragging for months, and now you finally tell the truth."
It turns out that since graduating in June, Lin Wenhua has been a big fan in the circle of brothers and sisters. He made a huge profit of 600,000 US dollars in the stock market and then retired. He also started a business called Uber and threatened to change the taxi industry.
In front of several adult brothers and sisters, he was very popular.
"Aren't I worried that you will spread this to Baba and other mothers, and then I will be embarrassed!" Lin Wenhua could already imagine the scene of his mother pulling his ears.
"Then don't worry. My father won't stand up, and neither will my second mother. If you don't tell me, no one will know."
When Lin Wenhua heard this, he immediately thought of the key point. His father would definitely not expose it because he didn't care and he didn't want to take credit. Naturally, his mother would not expose it either. Her son was useful, so she couldn't make sense.
Thinking of this, Lin Wenhua immediately held Lin Wenjie's shoulders tightly and said friendly: "Third brother, second brother, I want to ask you a favor! I will give you 10,000 US dollars, and you can use it to make a date with your girlfriend!" His eyes revealed.
Be shrewd.
Lin Wenjie pushed Lin Wenhua away, and then said with a smile: "I won't tell you in a boring way, so you can just worry about it."
"Good brother! I'll give you $10,000!"
"Okay, I don't want it. My current salary of 5,000 US dollars is completely enough."
Lin Wenjie is currently working in "marketing" for an American real estate company. He got a starting job as a Harvard graduate. As for his girlfriend, who is still a junior in college, the expenses will certainly not be high.
What's more, Lin Wenjie also understands that these two years must be 'hardship' and 'struggle', so that he can learn his true skills and gain his father's approval.
"5,000 US dollars a month is enough there. If you come to work here, I'll give you 10,000 US dollars a month. Anyway, it's just a year or two of training. It's not the same there."
"NONO, I like my current job very much. It's very challenging and there are opportunities for promotion. But second brother, with the speed at which you spend money and the speed at which Uber burns money, how long can you last with the 600,000 yuan?" The implication is:
It's best to save flowers.
Lin Wenhua is smart, so he said: "You don't know this, I have spent 600,000 US dollars, and I want to invest a lot in Uber. Especially my mother, she has asked me several times. I will find someone when the time comes.
She raised money and got a big one; by the second round, venture capital investors across the United States were still rushing to invest in Uber."
After hearing this, Lin Wenjie sighed and said, "You should be the boss of a venture capital company. You are so good that even my second mother feels cheated."
Lin Wenhua's eyes widened and he said: "How can this be deception? My father is predicting the future of Uber, so it's a 100% sure thing!"
Lin Wenjie nodded. At this point, as children, they admire their father very much. As for their father's personal life, mothers do not allow their children to blame them, nor can they comment, because they are not qualified.
"The prospect is there, and my mother is very eager to do it. It's not that I want her to invest. Don't you think I should invest more?"
"It makes sense! But it is undeniable that you are still plotting against the second mother!"
"Hey, this is a shopping mall, just like a battlefield, not a family matter!"
The two brothers chatted, and Lin Wenjie's favorite thing was to play with his second brother, Lin Wenhua, because Lin Wenhua's personality was out of the ordinary and somewhat different from his.
On the contrary, the eldest brother Lin Wenyi has a similar personality to myself. Both of them are calm. When they get together, they feel "too polite and boring".
.........
Guo Quan is an ordinary citizen in Xiangjiang. He received two text messages that day, which immediately shocked him.
One of the text messages read: Bank of East Asia suffered a loss of HK$93 million due to trader fraud, and also had debts involving Lehman risks of approximately HK$420 million.
Another text message read: Octopus Bank suffered a loss of HK$1.2 billion due to speculation in gold futures, and also had debts involving Lehman risks of approximately HK$880 million.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! After seeing these two pieces of news, Guo Quan immediately discussed it with his wife.
"Honey, which bank does our family's deposit belong to?"
"Why do you ask for this? Money is needed?"
"Tell me quickly, which bank is it?"
Seeing Guo Quan's serious face and not even being able to refute, his wife was frightened and instinctively said: "Octopus Bank"
Guo Quan thumped for a moment, then showed the short message to his wife.
"Octopus Bank only lost 2 billion. Why are you anxious? Octopus Bank is Mr. Lam Cho-fai's bank. It only cost 2 billion. Others have donated more than this amount this year."
"That's true. I was originally worried that these two banks would collapse. After hearing what you said, I feel relieved."
"What you say makes sense, but there will definitely be no problem with Octopus Bank, but Bank of East Asia may be in crisis like Bank of America!"
"possible!"
Just like that, many citizens in Xiangjiang received such text messages, and soon there were rumors in the market.
........
The next day.
Someone spread the news through mobile text messages that Hong Kong's Bank of East Asia and Octopus Bank suffered huge losses due to the financial turmoil in the United States. Hundreds of Hong Kong citizens rushed to various Bank of East Asia branches to withdraw money. The queue at the Queen's Road Central branch was more than 50 meters long.
; As for the Central Head Office of Octopus Bank, a small number of citizens also went to inquire about the information.
For a time, there were many rumors in the market.
Coincidentally, there were also runs in Omen. It was also because of rumors that banks were experiencing financial difficulties due to subprime mortgages and holding Lehman bonds. Both Macau International Bank and Hong Kong Wing Hang Bank's branches in Macau suffered runs.
This incident is strange, and all those affected by the rumors are Chinese-owned banks.
Octopus Bank and Bank of East Asia are the only two local Chinese-owned banks in Hong Kong. There are only two local banks owned solely by Chinese people. They are also attacked by rumors, which makes people suspicious.
Of course, Standard Chartered Bank was also subject to rumors and had a run on it back then.
Octopus Bank and Bank of East Asia were attacked by rumors at the same time, but it is obvious that the impact of the run on Octopus Bank was very small, while Bank of East Asia was affected on a larger scale.
Just like the discussion in the market:
"The text message about Octopus Bank must be a rumor. Everyone knows that Mr. Lin Zuhui was selling European and American properties before the subprime mortgage crisis, and he was selling ships and aircraft before Lehman went bankrupt. With this vigilance, how can banks owned by others still do it?"
Losing money on Lehman bonds?”
"Yes! Moreover, even if Octopus Bank loses 2 billion, it will not put this bank at any risk! Octopus Bank is supported by super groups such as New Era Group, Media Group, LEIT Group, and Xiaomi Technology, and it only costs 2 billion.
Going bankrupt is really a joke."
Most of the citizens who received the text message have great trust in Octopus Bank. Even those who went to the Central Head Office quickly dispersed after discussing on the Internet.
On the contrary, the situation at the Bank of East Asia is much more dangerous.
certainly.
That afternoon, the management of the two banks chose to hold a press conference at the same time.
Octopus Bank press conference.
Executives such as Stanley Ho, Li Huiling and others walked into the venue very relaxedly, because Octopus Bank's losses in this financial crisis must have been the smallest among all banks in Hong Kong, even in the world.
"President He, is this text message true, 'Octopus Bank suffered a loss of HK$1.2 billion due to speculation in gold futures, and has debts involving Lehman risks of approximately HK$880 million.'" The reporter couldn't wait to ask the question.
He Changhong said with a smile:
"First of all, we don't have a penny of Lehman-risk debt, so we haven't lost a penny."
"Secondly, Octopus Bank did not speculate in gold futures. Instead, we purchased a batch of spot gold in 2002. You can calculate how much we made."
"Finally, let me give you an extra piece of news. The person who spread the rumors this time obviously underestimated the strength of our Octopus Bank and was too conservative. I specially inspected several important outlets in the morning and found that even the public's response was mediocre. Apparently, the rumor was that the loss was 2 billion
, how low is our strength. Octopus Bank’s deposits are second only to HSBC’s deposits, and during the subprime mortgage crisis, we had already reduced the loan-to-deposit ratio and sold some fixed assets. So, we are here
This global financial crisis will not be affected, so investors and citizens must rest assured."
The president of the entire press conference immediately burst into cheers.
"In 2002, the price of gold was just over 300 US dollars per ounce. This month, although gold plummeted by 150 US dollars per ounce, the price is still at 730 US dollars per ounce. This is more than double the profit!"
"That's right. Mr. Lin Zuhui's investment skills must be super strong."
Soon a reporter below sighed.
........
In a different situation from Octopus Bank, the Bank of East Asia was severely tested. The runs did not disappear immediately. The government needed to release news to support it. Even Li Guobao, the chairman of the board of directors who was far away in the United States, immediately took the flight.
The plane rushed back to Xiangjiang.
Octopus Bank Building.
Lin Zuhui said to Ho Changhong: "Please contact the Bank of East Asia to see if you need our help. It is free and unconditional help!"
As the last two local Chinese banks, they should naturally help each other. Moreover, Bank of East Asia should be regarded as the most authentic local Chinese bank. On the contrary, Octopus Bank was a local Chinese bank established through mergers and acquisitions, and it also merged with an overseas bank.
The branch is what it is today.
Of course, Lin Zuhui also thought about annexing Bank of East Asia like "HSBC merged Hang Seng Bank".
But I just thought about it casually. With his current status, how could he do something that damages his reputation? Although the Li Guobao family's shareholding is not high, the financial strength is far from the Lin family's rival.
Moreover, the Li Guobao family is already the fourth generation of a local wealthy family, and will soon enter the fifth generation of deep-rooted local power. If Lin Zuhui tries to take on other people's family business, he may be rejected by many Chinese.
"No problem! I'll contact them right away!"
Lin Zuhui nodded and added: "By the way, the financial crisis has reached the bottom. We can buy some assets at the bottom, even gold can continue to increase our holdings. At the same time, we can also be more relaxed in terms of lending. This financial crisis has a negative impact on Asia."
The impact is relatively small and can be recovered quickly.”
Everyone knows about buying the bottom, but they are not sure whether the bottom is a bottom or how long it will last. Because of this, buying the bottom is the most difficult thing.
He Changhong's eyes lit up and he quickly said seriously: "Okay, I will organize a plan as soon as possible!"
Lin Zuhui nodded. He would only provide these general analysis and would not interfere too much.
To be honest, although he holds 75% of the shares of Octopus Bank, he still only regards Octopus Bank as his "deeded son" rather than his biological son. His real biological son is Jingwei Capital, Hengjin Investment, Lin Zuhui Family Office Private Investment here
company.
.......
Lin Zuhui walked out of the Octopus Bank Building and was surrounded by several reporters.
"Lin Sheng, can you accept an interview?"
Although several reporters were stopped by bodyguards, they still pushed forward with all their strength. After all, the media competition in Hong Kong is extremely fierce. Whoever can get an interview with Lin Zuhui will definitely increase sales, and the reporters will also receive bonuses.
"Okay, one question per person, let's end the interview as soon as possible!" Lin Zuhui came to several people.
It is impossible for him not to deal with reporters. He is the business boss in Xiangjiang and the media boss in Xiangjiang.
"Mr. Lin, what do you think about the current stock market? Should you enter the market or close your position?" a reporter asked first.
"There is no problem with Xiangjiang's economy itself. A rebound is only a matter of time. The premise is that we can hold on to the stocks. Of course, I still recommend that everyone buy the stocks of my companies, and the dividends are guaranteed."
A group of reporters were very excited, they just found a treasure.
"Mr. Lin, are you here to deal with the rumors about Octopus Bank?"
"No, you said it was just a rumor. How could I take it to heart? It's just normal work here! Octopus Bank's finances are very good. It didn't lose money, but made a lot of money. What's more, among the partners of Octopus Bank
, there are several super cash holders, I think you should understand."
"Is speculation in gold futures also a rumor? I heard that you are a big gold speculator?"
"I don't speculate in futures! With my amount of funds, if I am optimistic about the future of gold, I will definitely hold gold spot. Moreover, with the outbreak of financial crisis in Europe and the United States, theoretically speaking, gold will become a safe haven. This month gold
The plunge is obviously not in line with market rules, so I am optimistic about the long-term trend of gold."
Full of useful information!
It was the first time that Lin Zuhui spoke so frankly that the reporters at the scene almost became excited.
After the interview, they returned to the newspaper office as quickly as possible.
A certain newspaper company.
"Okay, format it for me immediately. I want the evening newspaper to publish this interview!"
"President, but the evening paper has less than three hours to go before it is released. Now the edition will be revised..."
"I don't care, we must release the evening news, hurry up and hurry up..."
For a moment, the chickens and dogs jumped up.
...
"The stock god is calling you to buy the bottom."
“The stock god is telling you to buy gold.”
"The God of Stocks will help you make a fortune"
That evening, many evening newspapers published shocking news.
For a time, many citizens who were sitting at home rushed to buy the evening newspaper when they heard the call from their friends.
"Boss, I want the evening newspaper with Lin Sheng's interview..."
"Yes... I'll give it to you... I'll buy gold at the bottom!"
"Boss, you saw it too!"
"Why don't you read it? After reading this news, it might be more cost-effective than selling newspapers for half a year."
...
The next day (late October), the Hang Seng Index should have plummeted due to external news, but because of Lin Zuhui's interview, it bucked the trend and soared by 500 points, returning to above 17,000 points.
Lin Zuhui doesn't care about this, although he has asked his family office and Hengjin Real Estate Investment to hunt for the bottom in the Hong Kong stock market.
The reason is simple. He believes that the last four or five months will be a good opportunity to buy at the bottom, so the two private investment companies will buy in five months.
No matter how great his influence is, it is impossible to completely reverse the impact of the entire financial crisis. It is good to be able to affect the stock market for a week. At most, it will affect the index of 1,000 points. The Hang Seng Index will not be higher than 18,000 points.
Coupled with the suggestion to buy spot gold, Lin Zuhui gives everyone two ways to make money at once.
Just have fun and improve your image as a people-friendly person.
.......
The "Bank of East Asia run incident" lasted for three days and ended quickly because the Hong Kong government and the Hong Kong Monetary Authority came out to support it, and Li Chaoren also expressed his intention to increase his holdings.
As for the help offered by Octopus Bank, it was declined by the Bank of East Asia because it did not need it.
But Li Guobao still called Lin Zuhui personally to express his gratitude. After all, banks are short of money at this time. Octopus Bank dared to help Bank of East Asia at this time, which is indeed very grateful.