The Birth of the Hong Kong Island Family.

At the official auction, Lin Zhichao sat down after greeting various real estate developers.In the eyes of outsiders, Lin Zhichao was high-spirited and domineering, and all the people present paid attention to him.

In fact, most of the land of Changjiang Real Estate was purchased in the hands of private individuals and private companies. In the auctions from 1956 to 1957, Changjiang Real Estate was always thundering but never raining.

This year, Cheung Kong Properties purchased 25 square feet of land, and there are only three buildings for sale, equivalent to a reserve of 18 square feet of land.

Airship Tai was sitting next to Lin Zhichao, and Li Gaofu was on the other side. The entire auction site was quite small, and everyone was almost all in close proximity.

At this time, the main developers in Hong Kong were: Lin Zhichao, Liao Baoshan, Airship Tai, Chen Detai, Peng Guozhen, Li Gaofu, Ma Jincan, Zhang Yuliang, etc. They were still mainly real estate developers in the mid-50s, but Li Kangjie was really left behind.

The reason why Li Kangjie fell behind was because he was originally weak and developed by relying on the "big alliance". After the crisis, the partners no longer trusted him, and naturally it was impossible for anyone to cooperate with him.

In comparison, although Chen Detai was also on the verge of bankruptcy, he was rescued by HSBC, and now he has regained some vitality and returned to the real estate industry; after all, a thin camel is bigger than a horse. Small and medium-sized real estate developers are not ranked well.

"Hi everyone, welcome to today's auction. There are seven lots in total today," the British auctioneer said enthusiastically.

It's a pity that I speak English. This kind of speech is greatly discounted to the Chinese. Of course, most real estate developers can understand it, but they don't have so much empathy.

More than 20 real estate developers participated in the seven plots of land, and the competition was fierce.However, many people did not really come to participate, but to join in the fun, and based on the situation of the auction, they analyzed the current real estate trend.
Official land auctions have always been a barometer of Hong Kong real estate.

"Okay, now the auction will officially start. The first piece of land is located in Yau Ma Tei"

The auction officially started, but Lin Zhichao didn't make a move, as if he had been waiting.But even without his participation, the auction would be very intense, and the residential land in the urban areas of Hong Kong and Kowloon will soon rise to an average land price of 120 Hong Kong dollars per square foot.

Although it is not as good as the peak land price in 1957, it also fully demonstrates that real estate is picking up quickly.

"The next Fifth Fortune site is located at No. 71 Des Voeux Road Central. It covers an area of ​​1.6 square feet and has an astonishing 20 times the plot ratio. It can be used as a first-class Grade A office building. I think everyone will agree I’m really looking forward to it, so I won’t say much, and start bidding directly, with a reserve price of 1000 million Hong Kong dollars, and each price increase will not be less than 10 Hong Kong dollars!”

However, no one bid for the seemingly good land at the first time!

Just as the auctioneer was about to speak, Lin Zhichao stretched out a finger, and the auctioneer heaved a sigh of relief. He thought he would lose the bid today.

Next, everyone started bidding one after another. It turned out that just now everyone tacitly suppressed the crazy temperature in the auction house.

Lin Zhichao raised a finger every time, regardless of who was bidding against him, with a relaxed expression, and when someone looked at him, he did not forget to show a smile.

The phenomenon was quickly filmed and could make tomorrow's headlines.

On the other side, the pressure on Zhang Yuliang has increased greatly. The Zhang family has made a lot of money over the years, and their assets are close to [-] million; after his brother Zhang Yujie died this year, he began to take charge of the rights of the Zhang family, so he desperately hopes to give the family a magic needle.

Isn't a first-class commercial building the best Dinghaishenzhen?
But facing Lin Zhichao's ease, he was not at all easy, and the price quickly climbed to 1500 million!
"1520"

At the auction, Lin Zhichao lightly raised a finger, his expression was relaxed, and he didn't think about his opponent at all.

Airship Tai and Li Gaofu were beside them, fully feeling the ease, and couldn't help laughing.

On the other side, Zhang Yuliang could only continue to cope, but the pressure increased greatly.

There is also He Shanheng of Hang Seng Bank, who has already shook his head and expressed his abandonment.

The deposit in Hang Seng Bank is only more than 9000 million Hong Kong dollars. It is very dangerous to spend 3000 to [-] million to build a building.

At this time, the Hang Seng Bank, which is similar to Liao Chongxing's deposits, is far from developing at a high speed, because the title of "bank" was changed at the beginning of this year.In the previous life, in 1965, Hang Seng Bank already had 7 million deposits, threatening the retail business of HSBC Bank and surpassing Bank of East Asia.

It can be seen how fast the development was in the 60s.

He Shanheng thought to himself, fortunately they bought a piece of land in Queen's Road Central, and the price was only more than 700 million Hong Kong dollars (1.3 square feet).It is still possible to build a headquarters building on this land.

Zhang Yuliang finally couldn't bear the pressure, and stopped bidding at 1600 million Hong Kong dollars!
Although the Zhang family's assets are close to 3000 million yuan, after all, if this building is invested with [-] million yuan, it is still somewhat risky.

"Lin Sheng, congratulations!"

The real estate developers around sent out congratulations, and Lin Zhichao was humble immediately.Few of you may be sincere, but it does not hinder Lin Zhichao's status in the Hong Kong real estate industry.

Stratification, installment, and public housing leases are all invented by him.Without him, Hong Kong's real estate industry would not be developed today.

So, what's wrong with eating a big head!
Lin Zhichao didn't hold out a "finger to the sky" in the following plots. He came today for No. 71 Des Voeux Road Central.What's more, Cheung Kong doesn't have any extra funds for the time being. After all, the project on Paterson Street in Causeway Bay has already started, so they don't plan to buy land.

Next year, we will continue to buy some land by using the residential units on Paterson Street to sell uncompleted properties.

Kai Tak Airport.

The two Boeing 707-120s ordered by Hong Kong Airlines from Boeing have been delivered and flown back to Hong Kong.

To this end, Hong Kong Airlines held a ceremony for the "new aircraft" to be put into use. Even the governor of Hong Kong, Li Kei, was invited. , the Chinese include Zhou Xinian, Jian Dongpu and so on.

The ribbon-cutting was carried out by Bai Liji, after all he was the most important guest.

After the ceremony, Park Liji said with a smile: "Hong Kong Airlines should be the first to use Boeing 707 outside of the United States?"

The British people present felt a little lost. The Viscount aircraft was no longer brilliant, and the next glory would be the Boeing 707. Pan American Airlines has been in operation for a year, and its performance in all aspects has shocked the entire aviation industry.

Importantly, this is a milestone for jet aircraft; the Boeing 707-120 is a classic three-cabin configuration, with a capacity of 149 people, double the maximum capacity of a propeller aircraft.

Hill, as the president, is still the face of Hong Kong Airlines, he said: "Yes, Hong Kong is the first to use Boeing 707s other than the United States, although there are only two, but it will change a lot. For example, the time between Japan and Hong Kong, Hong Kong and Taiwan Island will be shortened by one-third, and the passenger capacity of each flight will be greatly increased."

At this time, Schjock, who was a competitor, asked: "Hong Kong Airlines can get the plane so quickly, it must have placed an order last year. Could it be before Pan Am's commercial flight?"

For a while, everyone looked at Lin Zhichao and Hill one after another, a little unbelievable.

Douglas and Sanders smiled and said nothing. As lenders, they certainly knew that Hong Kong Airlines had already been planning three months before Pan Am.

Hill said: "Yes! It was Mr. Lin who overcame all opinions and decided to buy two Boeing 707-120s."

Everyone was a little surprised!

Lin Zhichao, a layman, can have such vision?
"Mr. Lim, you're gambling! Cathay would have been in trouble if... had bought the Comet jets," Schjöck said.

He didn't want to admit that Lin Zhichao was so proficient in the aviation industry, so he used his own light experience to illustrate this problem.

Lin Zhichao said with a smile: "I also have many friends in the United States. After consulting them, I feel that the opportunity should not be missed. This year, the number of tourists visiting Hong Kong has increased by more than 30%, reaching more than 13. Hong Kong Airlines needs this Two planes are competing with foreign airlines and winning."

One route, one country/region can only be one airline, for example, Hong Kong and Tokyo routes, Japan can only allow one airline to fly, in essence, the flights must be the same.

Now that the Boeing 707 is in place, Lin Zhichao believes that Japanese airlines cannot compete with Hong Kong Airlines on this route.

At this time, Bai Liji said a fair word: "Hong Kong Airlines has greatly improved its service and quality in the past two years. It is the pride of Hong Kong's aviation industry. Of course, Cathay Pacific is not to be outdone. Glory to Hong Kong's aviation industry!"

The specific performance is of course the service of the crew, aviation food, etc., but it is true that the business of both airlines is growing.

Schjock then said: "Mr. Lin is indeed a business genius. I, who was in aviation more than ten years before you, admire me very much. Cathay Pacific also ordered two Boeing 707s in the first half of this year, which are expected to be put into operation in 1961. Operation!"

His words concealed murderous intentions and were suspected of sowing dissension. After all, Hill and other management teams have contributed a lot.

"It's all the result of the concerted efforts of colleagues!" Lin Zhichao said modestly.

The strength of Cathay Pacific Airways is not strong, at least for now. It only opened a direct flight to Sydney this year. Other routes include Singapore, Kuala Lumpur and other Southeast Asian routes.

Of course, if direct flights to Europe and the United States are opened in the future, Cathay Pacific will naturally surpass Hong Kong Airlines at once.

As for Hong Kong Airlines, they can only look forward to the mainland market, and there are still more than 20 years left!
Li Kei and other government officials are also happy with the sound development of Hong Kong's aviation industry and have given affirmation to both sides.

In fact, everyone understands that Cathay Pacific is a big step behind.

Back at the office building of Hong Kong Airlines, Lin Zhichao and Sundas both attended the meeting, representing the two shareholders.Of course, Lin Zhichao also represents the "actual controller" and "boss", otherwise he would not be able to intervene in Hong Kong Airlines.

Sanders asked the management: "How much profit can Hong Kong Airlines make this year?"

Hill immediately said: "It is expected to reach more than 140 million US dollars, with an increase of more than 20%. Among them, the profit of aviation food is about 20 US dollars."

Sanders said with a smile: "That is to say, since Hong Kong Airlines became the owner of Hong Kong Airlines, the annual profit has increased by more than 50%."

All the management members sighed in their hearts that the matter was so powerful, and they turned their attention to Lin Zhichao again, a little convinced.

Hill then said: "The profit will continue to grow next year, and the new aircraft will greatly increase our competitiveness. We expect it to grow to a profit of US$160 million."

The Hong Kong Airlines loan amount is 800 million US dollars, with an annual interest rate of 6%, provided by HSBC.

Five years to pay off, maybe just four!

Of course, maybe two years later, you will have to buy another plane.

As long as the business is going well, you can take out a loan to continue buying the aircraft at any time. Anyway, the only shareholder is Huanyu Shipping, and the guarantee is 100% assured.

Lin Zhichao said: "The number of tourists coming to Hong Kong continues to increase, and profits will continue to grow. It can also be developed horizontally to 'airport ground handling services', 'guard services', etc. But generally speaking, the profits of the 60s need to continue to buy aircraft, and need Long-term investment."

As soon as he finished his words, the high-level executives couldn't help applauding. Even Sanders understood that Hong Kong Airlines has changed so much, and Lin Zhichao owes a lot to it.

As Lin Zhichao's power gradually strengthened, he also prepared to recruit some Chinese middle and low-level managers in the 60s to prepare for the future.Otherwise, always facing a group of foreigners, I feel a little uncomfortable.

Half foreigners and half Chinese, he is more acceptable, even if there are more foreigners, it is impossible to have a meeting without a single Chinese.

in the afternoon.

Lin Zhichao invited Jian Dongpu to have afternoon tea. Jian Dongpu is 75 years old this year, but he is still working hard at his job. This year he was elected as the chairman of the board of directors of the Bank of East Asia and concurrently serves as the managing director.

In order to repay the kindness of supporting and partnering back then, most of the financial transactions of Cheung Kong Industries were handed over to the Bank of East Asia; all of the deposits of more than 2 million yuan of Cheung Kong Industries were also in the accounts of the Bank of East Asia.

Lin Zhichao has only one request, and that is absolute secrecy.

With Lin Zhichao's deposits, Bank of East Asia can be said to have developed rapidly, and it is somewhat difficult for Hang Seng Bank to surpass it in this life.

Of course, Bank of East Asia has a conservative style because it encountered a run in the 30s; this is also one of the reasons why it will not be affected by bank runs in the future (yes, but very small), but its development will lag behind Hang Seng Bank.

"Mr. Jian, Cheung Kong has developed a large-scale real estate on Paterson Street, with almost 2000 residential units. Does the Bank of East Asia have any ideas for cooperation?"

During this period, Lin Zhichao returned to the Bank of East Asia again.

Jian Dongpu said: "What you are talking about is that our bank will collect the funds from the buyers, and then collect them every installment, and then transfer them to you, instead of going through a law firm?"

In this era, installments are collected by law firms and then passed on to real estate developers.

Lin Zhichao said with a smile: "If this is the case, there is no need for the bank to intervene! My idea is: let the house buyers take loans from you, and then you will send the funds to our developer, and the house buyers will repay your principal and money every month. Interest!"

Jian Dongpu is old but not old-fashioned, and immediately said: "Didn't you pass the risk to our bank? If the buyer defaults, our bank will bear the risk?"

That's the truth!

Lin Zhichao said with a smile: "This is the trend of real estate and banks in the future! Banks can obtain interest income and increase the risk of customers and influence. Buyers loan 50-80% of the house to you, but the house is mortgaged to you. Banks. If home buyers default, you can auction off their homes, so that the risk is still in the hands of home buyers. Banks can decide the installment period and loan amount to adjust market risks.”

Jian Dongpu listened very carefully, and was very moved in the end. After all, this model is like lending to entrepreneurs.

"I'll go back and discuss it with the management, and I'll give you an answer as soon as possible."

"No problem! To be honest, I prefer HSBC for this kind of cooperation, after all, they are stronger. But Mr. Jian took care of me back then, and now I am willing to repay Bank of East Asia. In fact, our real estate company can also set up a 'finance company' , to provide loans for home buyers. This model, I will also go further.”

Jian Dongpu said in admiration: "If you become a banker, the leader of Hong Kong Huazi Bank may be your bank!"

This person has more than 2 million cash deposits alone. If he opened a bank by himself, [-] million is the biggest background.

Lin Zhichao said: "Some things are not because I don't have strength, but if I do it, I will lose some other things. So I also thought about the banking industry, but in the end I still didn't realize it. If I opened a bank back then, how could there be HSBC Bank?" With cooperation, the development of my shipping company may not be what it is today."

Jian Dongpu nodded and said, "That's the reason!"

Back then, the global shipping loan was really convenient, and HSBC contributed a lot.Of course, it’s not that without HSBC, there would be no global shipping. It’s just that without the loan from HSBC, the scale must be much smaller.

After the two parties separated, Lin Zhichao said in his heart: "Repay the Bank of East Asia for the last time!"

Of course, the capital of Cheung Kong Industries still exists in the Bank of East Asia, because the Bank of East Asia's liquidity accounted for about 75%; for example, there are 5 million deposits, and they only lend out 25%.

The loan-to-deposit ratio of 25% is lower than the bank standard of 40%. Because of this, the Bank of East Asia has avoided multiple runs, but its development is also slow.

For example, Liao Chong Hing Bank has a deposit of 8000 million, and it is estimated that another 6500 million is loaned to Liao Baoshan herself and her clients.

In the previous life, in 1965, Hang Seng Bank had deposits of 7 million yuan and loans of at least 4 million to 5 million yuan. Because of this, after a run of 2 million yuan, there were still a large number of people queuing up to withdraw money.

At this time, even if Hang Seng Bank can borrow 2 million, it will be severely damaged.

Only with the backing of HSBC to restore its credibility can Hang Seng Bank develop better.

Therefore, it is this truth that if you lose your fortune, you know it is not a blessing.

If it were not for the acquisition by HSBC, Hang Seng Bank may not have developed later.

As for He Shanheng borrowing money from Lin Zhichao at that time, 3000 million can be considered, which is also in line with his status. (end of this chapter)