Chapter 243 HSBC bows its head
"Far East Land has won the last piece of land in Central. Who is the king of real estate in Hong Kong Island?" 》

"With HK$43 billion, Far East Properties once again sets a local auction record on Hong Kong Island"

The next day, Far East Land's record-breaking acquisition of the Central Landlord for a record 43 billion Hong Kong dollars became the focus of major newspapers and media.

Far East Land's high-priced land acquisitions have also helped Hong Kong Island's real estate industry stop a certain decadence. Many people have canceled properties that were supposed to be sold at low prices because of Far East Land.

This can be regarded as helping the Hong Kong government and the current economy of Hong Kong Island, but this is not what Luo Nianzhong wants to see.

There is no other way. The strategic significance of inserting the knife into Central is greater. This piece of land must be captured.

In addition to reports on the land king, another topic has also become a hot topic among people on Hong Kong Island, that is, who is the king of real estate on Hong Kong Island, Far East Properties or Island Land Group.

In the past, when it came to commercial buildings, rent-collecting properties, and the king of real estate, the answer in Hong Kong people's minds was 100% Land Group.

However, with the large-scale investment of Far East Real Estate in the past two years, doubts have quietly emerged.

In terms of commercial buildings, Far East Land is indeed far behind Land Group. Far East Land is outclassed in terms of quantity and location.

What buildings does Far East Land have on Hong Kong Island? In addition to Times Square and Hollywood Plaza, there are only three buildings including the newly acquired Land King.

It's incomparable to Land's Central building complex, let alone Land's other buildings outside Central.

But looking at it from another perspective, none of the super projects invested by Far East Real Estate is beyond the reach of Real Estate.

In the Far East Headquarters project, except for the Big Dipper Building and the laboratory buildings, all commercial properties are affiliated to Far East Real Estate.

This has become the place with the highest rent for food and shopping in Hong Kong. It is civilized overseas and can bring a large amount of income to Far East Real Estate every year.

It’s not that there are owners who want to buy stores, but they have all been rejected by Far East Properties.

Not to mention buying, Far East Real Estate will not sign a long-term lease contract, with a maximum of three years.

In addition to the Far East Headquarters, another larger mega project is the Lantau Island Development.

In the past two years, Far East Properties has been heavily in debt due to the Lantau Island project. At first, the group allocated funds, and later it borrowed money from its sister company, Far East Bank.

But everyone knows that this is only temporary. Once Lantau Island starts operating, the annual profits are expected to be huge, and even the richest people will drool when they see it.

Therefore, Lantau Island is to Far East Land what land is to Jardine. Once the development of the eastern part of Lantau Island is completed and officially opened, the profit money can be invested in the second phase development of the central part, which will alleviate the great financial pressure of Far East Land. .

It is these two super projects that have caused the people of Hong Kong to discuss who is the king of real estate. In fact, the income of one project is comparable to that of several buildings.

Hong Kong residents were having a heated discussion. Little did Luo Nianzhong know that he was entertaining guests at home at the moment, and it was the kind where the whole family was out.

Early in the morning, Luo Nianzhong, who had just finished breakfast, was informed by Ah Fu that there was a call for him before he could go out.

After answering the call, Luo Nianzhong learned that the charter king was coming to their home, and that after explaining some things to the company, he would be here soon, in about an hour.

What else is there to say? Just stay at home and wait.

Not only him, Luo Wang Yunhua and Uncle Fu were also very happy and looking forward to the news.

In Fu Bo's words, this was the first time the Charter King came to visit since the master was gone. He had always come before.

Don't think that the charter king's relationship has weakened after Luo Yinghua left. In fact, before Luo Nianzhong got up, he called him every now and then to care about his family's situation. He always said that he must tell him as soon as possible if he had any difficulties.

I came here to avoid suspicion and compare myself to an orphan and a widowed mother.

It is precisely because of this special brotherhood with Luo Yinghua and the care he takes for the Luo family that Luo Nianzhong does not dare to take advantage of it.

As for cutting off Hu's Wharf, it was entirely a commercial consideration, which are two different things.

Besides, what's the use of having so much property? His sons-in-law who inherited his inheritance did not support Rabbit as much as he wanted, and regarded making money as their first priority.

In this case, it would be better to help him share the property. At least Luo Nianzhong can do it according to his wishes.

Just after nine o'clock, the boat charter king's car arrived, and Luo Nianzhong naturally took his whole family out to greet him.

After the car parked, Fu Bo went to open the door in person. The smile on his face became even bigger when he saw the charter king.

"Sir Bao, welcome to visit us."

"Haha, Ah Fu, are you scolding me for not coming for so long?"

Ah Fu, let’s just say the boat charter king can call him Fu Bo Ah Fu. I just don’t know what little Ah Fu’s expression will be like when he hears this.

After chatting with Uncle Fu, it was natural to have a chat with Luo Wang Yunhua, and then looked at Luo Anran in Zhao Yazhi's arms.

"This is the first time I've seen this little one. It's a pity that I didn't get away during the first birthday party because I was in Europe.

If Yinghua knew that he had such a lovely granddaughter, he would probably stop doing anything and just play with his granddaughter at home every day."

After sighing with emotion, the chartering king took out a brocade box from his suit pocket. When he opened it, there was a safety buckle made of the finest mutton-fat jade.

If this was put aside for 30 years, why wouldn't it be worth hundreds of millions of Hong Kong dollars? It would still be a priceless thing.

"There is no difference between Yinghua's granddaughter and my granddaughter. This little thing is just a gift for my granddaughter."

"Uncle Bao, if this is really your granddaughter, do you want to take out some shares? You can't favor one over the other, right?"

Not only did Luo Nianzhong not thank her, he also shamelessly asked for more benefits for his daughter.

Not only was the charter king not angry, but he happily scolded you, “You brat, if it’s really like what you said, no matter how many shares you have, it won’t be enough for me to give you.

I was not willing to give this piece of mutton-fat jade to my eldest grandson when he was born. Instead, I had someone put a safety lock on it. Are you still not satisfied? "

"Really, if you say that, then I won't say anything."

As if he was afraid that the other party would regret it, Luo Nianzhong quickly helped Luo Anran take the brocade box and said, "Thank you quickly, grandpa. It will save him a while and he won't be able to bear to go back."

"You brat". After saying that, he gave Luo Nianzhong a headache just like he did when he was a child.

"Don't say that our family An Ran doesn't respect the elderly. This was done for you with our family's An Ran's New Year's money.

Apart from my mommy, you are the second person who spends Enron’s money on our family.”

At this time, Luo Nianzhong took out a medical examination card from his pocket and handed it to the charter king.

This was something that Uncle Fu only remembered when Luo Nianzhong was waiting when he said that the Charter King was coming.

Among the top wealthy people in Hong Kong Island, the charter boat king definitely died young, at the age of only 73.

He remembered that Charter King was diagnosed with cancer in 85, but by that time it was a bit too late. In addition, the current medical level is limited, so there is no cure.

It is now 82. According to time, the onset of the disease should be within one or two years. Luo Nianzhong can just use Luo Anran's help to detect it early through regular physical examinations. I sincerely hope that he can live longer.

For people of their level, the value of gifts lies in meaning rather than money.

Just like the mutton-fat jade given by the charter king, it is expensive, but the real value is that this jade has been with him for many years and is his favorite.

The same is true for physical examination cards. What is important is the contribution of the younger generation to the elders. Things are not valuable but their own emotions are priceless.

"Hahaha, okay. Then I have to go for a physical examination. We can't let a piece of our little baby's heart go to waste."

Knowing that the Charter King had something to talk about this time, everyone chatted with Luo Nianzhong in the living room and took him to the study.

Looking at the displays in the study, the Charter King nodded, "It's still the same. It would be great if you could not redesign it and follow the style of old antiques like your father and us."

You young people like fashion, but you have to distinguish it somewhere."

After hearing the compliment, Luo Nianzhong smiled and said, "I like this antique style very much. It encompasses many qualities of our five-thousand-year culture. I like the steady and majestic style very much."

"Haha, I really envy Yinghua more and more."

Sitting on the sofa, he took a sip of tea made by Luo Nianzhong. After putting down the tea cup, the chartered boat king started talking about business.

"You should be able to guess why I came here today. I am very pleased with your achievements and methods.

But after all, I am a director of HSBC, so I need to be the middleman.

Shen Bi is kind to me, and I cannot ignore his request."

As early as 1976, the chartering king became the first Chinese director of HSBC.

His hairline was indeed inseparable from Shen Bi's support. He came to Luo Nianzhong to understand, but it did not mean that Luo Nianzhong would make HSBC feel better.

"Uncle Bao, we all know Britain's attitude. Regardless of whether HSBC agrees or not, things are clear now.

From the British perspective, the economic stability of Hong Kong Island is the most important. If HSBC can save the market, then there will be no such things now, right? ".

In the previous life, HSBC defeated Li Bancheng and did not suffer much loss from Jia Ning.

But things are different now. HSBC chose to support Carining, resulting in losses of billions of Hong Kong dollars. Now HSBC is simply not qualified to fight on two fronts.

Not to mention that there is a hungry wolf next to it, staring at it eagerly, and has already taken action.

"So you started scheming against HSBC and Chen Songqing two years ago. I'm curious how you knew these things about Chen Songqing."

"Uncle Bao, we are all business-oriented people.

They don't agree with Chen Songqing's method of raising stock prices through speculation. Everyone knows that it is a castle in the air and may collapse at any time.

From the first moment I saw him, this person gave me an impression of being unrealistic, so I asked people to pay a little attention to him.

Unexpectedly, this attention led to the discovery of many things, which led to this layout."

Luo Nianzhong could only find this reason. It cannot be said that the Jianing case is one of the top ten strange cases in Hong Kong. I have seen it on the video, right?
"Delicate in mind, good at observation, well-planned and courageous, very good."

After complimenting him, the chartering king didn't waste any words, "Tell me, what do you need HSBC to do to give up the acquisition of Royal Bank of Scotland and stop the acquisition of HSBC shares."

"Uncle Bao, even if I withdraw, will HSBC be sure that it can beat Standard Chartered? Don't lose the rice by stealing the chicken."

The chartered boat king glanced at Luo Nianzhong, leaned back and said.

"There is nothing to hide about this matter. HSBC has reached an agreement with London. HSBC will relocate to England and London agrees to this acquisition."

Luo Nianzhong's eyes widened after hearing the news, and he recovered in an instant. History has changed, but he can understand it.

HSBC, which has lost its status as a settlement bank, will no longer be the dominant player on Hong Kong Island. Sooner or later, the position of HSBC and Far East Bank will be reversed.

In this case, it is no longer necessary to regard Hong Kong Island as the first priority. It is better to move to England and develop globally.

"I want eternity."

Since HSBC has given up on Hong Kong Island and only regards Hong Kong Island as a fulcrum and base camp in Asia, Hang Seng, the local bank in Hong Kong Island, is not without hope. Luo Nianzhong wants to give it a try.

The Charter King didn't expect Luo Nianzhong's appetite to be so big, so he thought about it and shook his head.

"It's difficult. Hong Kong Island is the center of Asia for HSBC no matter what. The relocation is for global development, which does not mean that we are not optimistic about the future of Hong Kong Island and Asia."

Hang Seng Bank, before 1965, was HSBC’s most threatening rival on Hong Kong Island.

Unfortunately, due to the run wave in 65, Hang Seng finally accepted the help of HSBC and sold 5100% of its shares for HK$51 million, thus losing control.

In just 17 years, Hang Seng's market value has reached HK$18 billion. This is due to the recent economic crisis in Hong Kong Island.

Before the crisis, Hang Seng's highest market value was more than HK$26 billion, with 45 branches in Hong Kong and Asia.

The customers of HSBC and Far East Bank are mainly large and medium-sized enterprises. Unlike Hang Seng, they mainly support small and medium-sized enterprises and provide mortgage loans to the middle class. This is why Luo Nianzhong is interested in it. It can form a perfect complement to Far East Bank.

Of course, the most important thing is to look at its Hang Seng Index.

"Uncle Bao, it all depends on people.

I think even if London reaches an agreement with HSBC, the price won't be too low, right?
I can acquire the shares held by HSBC at the highest market value of HK$26 billion. I think Shen Taipan will be satisfied with this price.

After that, Far East Bank will sell off all its HSBC shares and withdraw from competition with Royal Bank of Scotland.

"You brat, you are digging a hole. Shen Bi will hate you to death." The Charter King looked at Luo Nianzhong's somewhat treacherous smile and cursed with a smile.

The economy of Hong Kong Island is not good and the stock market is falling. Those British directors and shareholders are waiting for HSBC's dividends to stabilize their company's stock price.

But now HSBC is repurchasing its own shares due to the Carinin case and the acquisition of Royal Bank of Scotland. Not to mention paying dividends, it is good not to pay any money.

At this time, the chartering king came back and said that Luo Nianzhong's intention to acquire Hang Seng at the highest market value before the stock market crash was not aimed at HSBC. I believe many shareholders would be interested.

In particular, it is inevitable that the Far East Group will bail out the market. Those British investors such as Jardine Matheson who have problems with Luo Nianzhong, who dare not reserve some cash flow to repurchase their own stocks for emergencies?

Don't let Far East steal another opportunity in the stock market when HSBC's problem is solved.

(End of this chapter)

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