Time flies and we arrive in 2012 in a blink of an eye.
In early June, New Era Group issued an announcement:
"According to the resolution of the board of directors, Mr. Lin Wenjie was appointed as executive director and vice president..."
As soon as the news was announced, the media in Hong Kong reprinted it one after another because the significance behind it was extraordinary - the Lin Zuhui family has entered the second-generation handover process.
Today’s New Era Group:
It has become a world giant with stable annual profits of more than 100 billion Hong Kong dollars - 108 billion Hong Kong dollars in 2010 and 116 billion Hong Kong dollars in 2011;
It is the world's largest commercial real estate group, largest shipping group, hotel group, beverage and food giant, beer giant, and telecommunications giant. It also has a very large scale in biopharmaceuticals, new energy, retail, mining and other fields;
It has an asset value of more than 2.5 trillion Hong Kong dollars and a market value of about 1.2 trillion Hong Kong dollars, ranking 68th among the world's top 500 companies.
"Having become the executive director and vice president of New Era Group at the age of 24, Mr. Lin Zuhui is a little anxious, right? Moreover, he is only 47 years old, so he is still young, and he is thinking about handing over the job so early. Oops!"
An investor in New Era Group is a little worried. Over the years, New Era Group, led by Lin Zuhui, has been developing steadily and rapidly, bringing generous dividends to investors and huge economic effects to Hong Kong.
"What's the point? Mr. Lin Zuhui is already the chairman of the board of directors of a listed company at the age of 20. The so-called 'tiger father has no dog son'. Mr. Lin Wenjie has already graduated from Harvard at the age of 20. He also has rich work experience in the past four years. Moreover, he is only a vice president.
As an executive director, it may take ten years before he can truly take over!"
"It makes sense! Keeping them around to cultivate them in advance is more conducive to the overall situation."
Citizens have been talking about it, and the Lin Zuhui family is the commercial powerhouse in Hong Kong. Naturally, everyone is very concerned about it.
Someone has audited that the Lin Zuhui family's industries affect 30% of Xiangjiang's GDP. The important thing is that these industries are fields with extremely high added value and are not the traditional commercial areas of Xiangjiang.
.......
New Era Group.
In Lin Zuhui's office, the three carriages of New Era Group - Chen Bin, Liang Zhenxun, Yuan Tianfan, as well as New Era Group (China) President Lu Xiangdong, and Lin Wenjie, who had just been appointed executive director, gathered around the conference table to listen to Lin Zuhui's meeting
.
Because it is a small meeting, there is no need to go to the group conference room, it can be done directly in his office of more than 2,000 square feet.
"Real estate in the Mainland is rising rapidly, and land prices have become very expensive, so within the next two years, we will gradually reduce the intensity of land acquisition until we stop all land acquisition in early 2015... At the same time,
At the same time, within six years, we must gradually reduce the land reserve, intensify the development of the land reserve, and complete the destocking as soon as possible..." Lin Zuhui made serious arrangements.
He will not run away, but will exit the real estate development field (residential) early, leaving only commercial real estate business (office buildings, shopping malls, hotels).
After hearing this, Lu Xiangdong said: "We will gradually stop acquiring land within two years until all land acquisitions are stopped. In this way, the government will not notice. We will have enough time to destock within six years. We will make a step-by-step plan."
, and it will not have much impact on society.”
Having followed Lin Zuhui for many years, Lu Xiangdong naturally understands Lin Zuhui's worries.
Lin Zuhui said with satisfaction: "So, we have to make the entire plan well and not let our 'reducing investment' behavior become the market vane, otherwise we will just shoot the bullet... Because of this, we are still
The commercial real estate projects in hand must be completed immediately and there will be no new commercial real estate projects.”
Everyone nodded!
"Wenjie, what do you think?" Lin Zuhui asked by name.
Lin Wenjie immediately said: "The chairman believes that the cycle of this wave of real estate in the mainland will be around 2018, so we have made arrangements in advance so as not to have a bad impact on the government. New Era Group also owns a large number of commercial real estate in the mainland, including
Including 22 Central Plazas, but these properties are concentrated in cities with very good development. Even if the cycle is downward, the impact should not be particularly large. The important thing is that we also have huge businesses in beverages, food, new energy, etc. in the mainland, so it is bound to
We cannot give the official a bad impression, after all, the beverage and food business alone can bring nearly 10 billion in revenue to New Era Group."
Everyone was very generous and showed their appreciation.
Lin Zuhui added: "The official represents the direction of public opinion, especially in the mainland, so it means that we can no longer engage in the strategy of selling high and buying low in real estate. At the same time, global online public opinion has exploded, even for our commercial real estate in Europe and the United States.
We can no longer speculate in large quantities as we did in the past, which can easily lead to resentment. However, our New Era Group's cash flow remains at more than 350 billion. There is no need to sell high and buy low. We only need to collect rent stably in the long term. Land is power.
.....Of course, selling some non-performing assets will still not have any impact...Xiangjiang must also start to reduce real estate investment."
His words revealed his concern for public opinion. After all, the Lin Zuhui family has big goals.
Since 2008, Lin Zuhui has no longer been engaged in property speculation, which is the case all over the world.
The properties bought at low prices after the financial crisis are all intended to be used for long-term rental collection.
Of course, before 2018, some commercial real estate will be sold, but it will not be too big, and the targets will only be assets such as poor rent collection and small commercial real estate projects.
After all, New Era Group is like a behemoth that cannot easily turn around.
Next, Lin Zuhui arranged: "Wenjie, you are now responsible for continuing to invest in the lithium mining business and continue to expand Times Mining's shares in global lithium mines."
Times Mining has been laying out lithium mines for a long time. Currently, it can be said that its lithium mining shares are among the top five in the world, and it is a director of many lithium mining companies.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Of course, Times Mining is not directly engaged in developing lithium mines, but only strategic investments.
Lin Wenjie immediately said: "Okay, Chairman!"
Yuan Tianfan smiled and said: "I will arrange the handover!"
Yuan Tianfan has always been in charge of mineral investment. Of course, he also has the general manager of Times Mining under him.
Lin Wenjie immediately said respectfully: "Thank you, Uncle Yuan!"
Yuan Tianfan is equivalent to his master and the tutor of the New Era Group, so he should naturally be respected.
It will only be about five years since the Troika retired, and a new generation of management is about to appear.
In recent years, New Era Group has not stagnated its development. Although there are no large-scale acquisitions, there are many small and medium-sized acquisitions, mainly concentrated in mineral resources, beverages and food, logistics, real estate, hotels, etc. It can be said that it is in full bloom, and it is spent every year.
Tens of billions of Hong Kong dollars invested.
........
In late June, a grand wedding was held at the Four Seasons Hotel in Hong Kong. Guests from home and abroad gathered, which shocked reporters; the groom was Lin Wenjie, and the bride was Chen Xiujun, who was four months pregnant.
Lin Zuhui also did not expect that at the age of 47, he would already be a grandfather. The third generation of Lin Zuhui's family was about to be born, and he was still a boy.
Although he did not expect it, he was very happy to hold a grand wedding for his son. After the bride and groom got married, they moved into No. 75 Deep Water Bay, which was considered the exclusive privilege of the eldest son.
The next day.
Lin Zuhui met alone with Bill Gates, who was attending the wedding, at the Four Seasons Hotel.
He has many political and business friends in the United States, and he has always paid special attention to making friends with the top leaders in advance, not asking for help, but only asking not to be targeted; at the same time, he has many business giants as friends in the United States. Although Steve Jobs died last year,
But Lin Zuhui is still a director of Apple and has a close relationship with Cook. In addition, Lin Zuhui is friends with Bill Gates, Buffett, Bezos and others. It must be said that he has a very strong personal relationship.
Charm not only allows you to enter the world's top business circles, but also builds good relationships.
Of course, his hard power is king.
Bill Gates came to Hong Kong to attend Lin Wenjie's wedding this time, and he wanted to buy Activision Blizzard from Lin Zuhui.
Of course, this is just news that Lin Zuhui released in advance, otherwise Microsoft would not take the initiative to come to the door.
"Microsoft's board of directors is willing to pay a price of US$12.2 billion to acquire Activision Blizzard, and the payment method will be half stock and half cash."
"I accept!"
Bill Gates was immediately surprised. In his opinion, Lin Zuhui was still very stingy and enjoyed the process of making money.
"Is it because our price is too high?" Bill Gates said with a smile.
From the words, we can feel that the relationship between the two is not just a limited cooperation, but a good personal relationship. And Activision Blizzard, which Microsoft acquired this time, is Lin Zuhui's private company after all, so some appropriate jokes are harmless.
Lin Zuhui replied: "It's not high at all. The online game market is very promising. If I stay in my hands for another seven or eight years, it may be worth 50 billion US dollars. Of course, now that Microsoft is paying 6.1 billion in stock, I believe there will be very big profits in the future."
room for appreciation.”
Next, Lin Zuhui fought for some benefits for Activision Blizzard's management and employees. Of course, it was just a casual thing, and whether it succeeded or not was no longer important.
At present, Microsoft's market capitalization is only 270 billion US dollars, which is equivalent to paying just over 2% of Lin Zuhui's stock. However, Bill Gates is not heartbroken at all. He understands the prospects of Activision Blizzard.
Bill Gates changed the topic and said: "You make so much money, you should expand your philanthropy. Although you donate about 500 million US dollars every year, it is obviously not equivalent to your wealth."
KAO, this is the encounter with the Virgin Bitch, Lin Zuhui’s first direct experience of ‘moral kidnapping’.
Of course, he was not angry with Bill Gates. He knew that Bill Gates had set up a foundation, and even Buffett donated heavily to it. At the peak of his previous life, the foundation directly donated 5 billion US dollars a year.
It's truly amazing.
Lin Zuhui said seriously: "Of course I will donate more, because I am still young, so I will wait until the investment is larger before making more donations."
Bill Gates immediately said: "That's great. If you want to know more about charity operations, I can have a long chat with you."
Lin Zuhui nodded and said, "Maybe in three years I will focus on charity!"
People are afraid of being famous just as pigs are afraid of being strong. Lin Zuhui is not focusing on his career now, but on hiding his wealth and improving his family's influence and positive image.
Starting from the first half of this year, Lin Zuhui began to frequently cash out Apple, Amazon, and Google stocks, and has cashed out more than 20 billion US dollars in total.
At this time, he has cleared out Amazon stocks, and still has 2.5% of Apple and Google stocks left. Of course, his Hengjin Investment also bought 2% of the stocks of these companies in the early years, which is diversified and held offshore.
shares.
In other words, Matrix Partners' liquidation or reduction of US stocks (Apple, Google, Amazon) will not affect the 2% of stocks held by Hengjin Investment, nor will it affect the 0.5~0.9% held by each of Lin Zuhui's five women.
Matrix Partners now sells Activision Blizzard, which means that it only has Kingston (unlisted), 2.5% of Apple's shares, 1.9% of Microsoft's shares (traded), and 2.5% of Google's shares.
And what he got was more than 25 billion US dollars in cash flow.
At the same time, he started selling spot gold in February last year. In more than a year, he has sold 280 billion Hong Kong dollars, leaving about 410 billion worth of gold to continue selling. When the price fell below US$1,300 per ounce, he
Just stop selling it and keep holding it.
Lin Zuhui also sold gold through Octopus Bank, Luk Fook Jewelery and other channels, and it was not a big fanfare. He paid a little attention. The important thing is that he can choose not to sell it. Anyway, keeping the gold in his hands is almost the same as depositing it in a bank.
If it drops next year, it will rise again in the future.
This chapter is not over yet, please click on the next page to continue reading! It is expected that the cash flow in his hands will reach more than 1.2 trillion Hong Kong dollars (including gold). These funds are mainly located in Switzerland, Ireland, Singapore, and Hong Kong, and the proportion of Hong Kong's size is
It will be as high as 60%.
.......
75 Deep Water Bay.
Lin Zuhui, Wang Lingyin, Lin Wenjie, Lin Wentao, Lin Wenhua, and Chen Xiujun are having a family meal.
As No. 75 Deep Water Bay is the "ancestral home", Lin Zuhui and his wife will naturally not move out, so Lin Wenjie and his wife live with their parents.
Of course, Lam Cho-fai no longer had gatherings with other houses at No. 75 Deep Water Bay for a long time, but at Yunfeng Residence or Shek O Villa.
"Baba, Mom, I want to move out!" Lin Wentao said during dinner.
Lin Zuhui did not hesitate and said directly: "Okay, let's stay at No. 23 Shi Xun Road when we return to Hong Kong. It has been renovated for two years and no one has lived there."
Lin Wentao immediately said: "Ba, you were very strict with me back then. Now that you are here with me, why do you let me live in a mansion as soon as you graduate? Do you have low expectations for me?"
A typical financial man with a proud personality.
Wang Lingyin immediately lectured: "Why are you talking to your dad? He is not doing you a favor!"
Lin Wentao was not afraid of Wang Lingyin and continued: "Anyway, I don't want to live at No. 23 Shi Xun Road. It's too big there. I'll live in a mansion in the middle of the mountain!"
In fact, I don’t want to be too restricted! After all, the residence is at No. 23 Shih Hoon Road. There must be a lot of servants and bodyguards in the villa.
Wang Lingyin immediately said: "Okay, then you pay my rent and you can live wherever you want!"
Lin Wentao immediately surrendered and said: "Mom, I just graduated and I only earn 8,000 US dollars a month at Barings Bank. Please spare me!"
Wang Lingyin felt proud after seeing Lin Wentao surrendered, and said with a serious face: "Then I will give you a good reason!"
Lin Wentao was about to speak to Lin Zuhui, but Lin Zuhui had already interrupted: "Okay, I approved it. Also, my requirements for you are not low, but extremely high. In the financial industry, one oversight, one wrong decision, or even one thought
, will cause enterprises to suffer disaster. Lehman, which lasted for hundreds of years, and even Barings, which lasted for more than 200 years, are all examples of this."
Lin Wentao quickly said seriously: "Don't worry, dad, I will study hard and practice."
Lin Zuhui nodded and said: "In this case, I will arrange for Bahrain Bank to give you a project, which is to talk to Canada Goose about taking shares. This is a... Bahrain Bank invested in the shares, and Canada Goose used the funds to start from
A small brand in Canada is heading towards global luxury down jackets... Barings Bank is helping Canada Goose to go global."
Barings Bank's success in Hilton Hotels, Gucci, Fila and other brands gave this investment bank a good influence in the industry. At this time, Canada Goose had not yet developed and had not introduced foreign capital, so its hopes were very high.
Of course, it is more important to purchase a majority of the shares and continue to let the Canadian family manage it, with Barings Bank only assisting; after all, according to Lin Zuhui's investigation, the family may not completely sell the shares and hand over management rights.
Lin Wentao's eyes lit up at this moment, knowing that this was a task assigned to him by his father, an opportunity to prove himself.
"Father, don't worry, I will definitely learn from my seniors in this project!"
"Well, it's good to know. You have to be humble in everything you do. I know you are proud, but you are not qualified yet."
Wang Lingyin immediately added: "Especially in front of your Baba!"
Lin Wentao suddenly smiled bitterly and said: "I know, Baba is my idol, but you can at least give me some encouragement!"
Everyone laughed, including the new daughter-in-law Chen Xiujun, who felt that this family looked like a high-ranking family, but in fact they got along relatively harmoniously.
In Lin Zuhui's plan, Lin Wentao started from Barings Bank, then returned to Octopus Bank, and finally returned to the headquarters of Octopus Financial Group. He gradually became familiar with the financial group and finally took over.
Then, Lin Zuhui told Lin Wenhua: "Go to the United States to study, study hard, and don't think about anything. Of course, I strongly support falling in love in college and cultivating hobbies and interests. You can't stop studying."
The third eldest son in the direct line is Wang Lingyin’s oldest son. He did not go abroad to study until he was 17 years old. You must know that Lin Wenjie went abroad to study in junior high school at the age of 10, and Lin Wentao went abroad to study in high school at the age of 14.
All three sons studied in the United States, and all of them were admitted to famous universities based on their own abilities. This is something that Lin Zuhui is quite proud of.