We are all reborn, who wants to be the richest man?

Chapter 665: It's easy to do if you have a request
After a period of ups and downs, the real estate industry in Hong Kong Island has finally returned to calm, with almost no waves, as if it was easily smoothed out by the Far East with a relaxed attitude.

It cannot be said that there are no waves, and calmness is only relative.

After the increase, everything is a mess.

As a result, a large number of second-tier real estate companies were burdened with high debts, and many companies sold assets to survive. This gave several Far East real estate companies the opportunity to enrich themselves.

But this is all small money in their eyes, the real big money is in the New Territories.

The booming real estate market was extinguished, but Far East’s plan to build its own houses did not stop.

Although these properties have internal prices for Far East employees, several major real estate companies are still flocking to them.

First of all, this is a high-end residential area. What does high-end mean? It is not only reflected in the materials and construction, but also in the management fees.

There are everything such as gyms and swimming pools, all of which need maintenance, so the property fees cannot be the same as those of ordinary communities.

This is a long-term income. If selling a house is a one-time transaction, then real estate is extending the time to allow buyers to buy an illusory house. It is definitely a profitable business.

Then there is the price. No matter how high the internal price is, it cannot change the volume that is here.

Even if the profit is the same 2000%, and per square foot are definitely different.

Calculated based on 60 square feet, a % profit for the former is only , while a % profit for the latter is million.

Another point is that when this house was built, it was not stated that it could only be sold to employees of the Far East Department. Other buyers do not have this kind of discount.

As outstanding representatives of the contemporary Hong Kong middle class, Far Eastern employees will undoubtedly lead the trend in home purchases. Their active home-buying behavior will naturally become a powerful driving force to attract and encourage other potential home buyers to settle down.

Because this will allow other home buyers to show their pursuit of a high-quality life, and it will be an improvement for many workers who have money but no status.

Relying on its deep capital strength and precise market strategies, the Far East Group has demonstrated strong control in the real estate sector, ensuring that any fluctuations that might have occurred have failed to cause much trouble.

This incident has not only happened in Hong Kong Island, but also in the whole of Asia. Big families have all sighed that the Far East Group's control over Hong Kong Island and its ability to regulate the Hong Kong Island market are truly impressive.

However, London did not resign itself to its fate and proposed a new plan based on the principle of making as much money as possible.

"A new round of land reclamation plan?".

"That's right. Peng Lizhi has received instructions from London and plans to launch a new round of lake reclamation plan and highway plan in the New Territories."

This expressway is not the information highway in the United States, but a real expressway. In fact, it is not accurate to call it an expressway, after all, the area of ​​Hong Kong Island is there.

To be more precise, it should be a highway or viaduct project, which is another costly project and the biggest beneficiaries will definitely be British companies.

But the rabbits will definitely agree because they can definitely get a share of the pie.

"They really know how to find a breakthrough. They know I will not refuse if they do this, but will strongly support them instead."

The most important point is that the Luo family will not object. The road construction in the New Territories will accelerate the development of the New Territories. At that time, various construction plans will be much more convenient. If you want to get rich, you must build roads first.

However, what interested Luo Nian the most was the land reclamation plan, because the location chosen this time was Saigon.

On the east side of the blue waters of Sai Kung, there are many magnificent outlying islands, like sparkling pearls inlaid on the blue waves.

If these islands could be connected through land reclamation, the vast land created would be so large that it would be equivalent to adding two plains of the same size as Hong Kong Island, bringing unprecedented development space to this land.

However, Luo Nian also knew in his heart that achieving this vision would not be achieved overnight.

He knew very well that if he wanted to realize the situation he had envisioned in his mind, it would probably take 10 to 20 years of unremitting efforts and hard work before he could see results.

But the idea is good, at least it's a start.

The most crucial thing is that it is easier to push this matter forward from London. One reason is that there are not so many environmentalists at this point in time, and the other is that agreement among several parties means there will be no resistance.

If anything really happens in the future, England can be pulled out to be a scapegoat.

Good reputation? What's the use of giving it to you? Just leave the profits and land to me.

Thinking of this, Luo Nianzhong chuckled again.

"It seems that we have helped the Hong Kong government make too much money over the years, making those officials in London greedy and wanting to take over Hong Kong Island completely."

Whether it is the expressway construction plan that runs through Kowloon and the New Territories, or the vast land reclamation project in Sai Kung, they are all huge projects, and all of them rely on strong financial strength as a solid backing.

Without sound and sufficient financial support, these projects are nothing but castles in the air and difficult to implement.

Therefore, strong financial support is the key to ensuring the smooth progress and ultimate implementation of such major projects.

The masters in London have also seen this. Whether it is the annual income of the Hong Kong government or the money bag managed by Far East, a large surplus can be achieved for Hong Kong Island's finances every year.

This is the impact brought by the Far East System. A better economy brings more income, and more income gives Hong Kong Island tremendous confidence.

The economic prosperity promoted by the Far East Group has not only led to more abundant wealth accumulation, but also injected unprecedented confidence and strength into Hong Kong Island. It has also improved the quality of life of residents and consolidated Hong Kong Island's important position in the global economic landscape.

Of course, as the base camp where the Luo family has deep roots, the expansion of the Hong Kong Island region has undoubtedly brought unprecedented prosperity and benefits to the Luo family, which can be regarded as the best feedback and enhancement to the Luo family.

The increase in geographical area means that more industries can be settled there, which not only consolidates the Luo family’s stable position in the region, but also lays a more solid foundation for its future development.

After Niu Bijian finished his report and left, Luo Nianzhong called Du Huilian.

“How much fiscal reserves does Hong Kong Island have now?”

"About HK$6200 billion."

Du Huilian didn't know why Luo Nianzhong suddenly asked about the financial reserves of Hong Kong Island, but he still answered truthfully.

"So many?" Luo Nianzhong was a little surprised to hear this number.

The highest fiscal reserve fund of Hong Kong Island was in 2018, reaching HK$11800 trillion. Unexpectedly, it has now exceeded half.

Here's a piece of data: in 1997, Hong Kong Island's fiscal reserves were 250 billion, and London spent lavishly, leaving behind this much.

Even if no money was spent, Hong Kong Island's fiscal reserves would be less than HK$200 billion. Just think about how crazy this number is now.

On the other end of the phone, Du Huilian heard Luo Nianzhong's surprise and started to explain.

"Our foreign exchange reserves have reached 2980 billion US dollars. The Hong Kong stock market has continued to strengthen in recent years. In addition, the financial crisis did not cause any losses but we made a lot of money. If we had not invested much for insurance, I am afraid the amount would have been much higher."

At this point, Du Huilian said in a somewhat resentful tone, "Do you know what Hong Kong citizens are saying about us now?" "What are they saying?" Luo Nianzhong was a little curious.

"They say that the Hong Kong government is the best at doing business. It handed over all the fiscal reserves and foreign exchange reserves to the Far Eastern Bank for management, and caught a super idiot big spender."

"Hahahaha" Luo Nianzhong laughed after hearing this.

The asset management capabilities of Far Eastern Bank and Far Eastern Asset Management Group are now recognized by the world. When Luo Nianzhong snatched this piece of fat meat from HSBC, he promised to only charge basic handling fees for the investment and financial management part of the money.

The handling fee for this money is very basic, less than 2%, and there are no other fees.

Although Far East Finance still made some profit due to the huge amount of funds and various hidden benefits, it really gave the Hong Kong government a bargain price.

However, this is exactly the effect that Luo Nianzhong is pursuing.

If we look deeper into the ownership of Hong Kong Island's fiscal reserves, we will find that they are actually the common wealth of all Hong Kong residents.

Given the excellent management of Far Eastern Bank, who would dare to covet this precious fund? Its stable operation and efficient management have undoubtedly built an indestructible defense line for this fund, making any unreasonable desires discouraged.

Even if Luo Nianzhong agrees to hand over the money and no longer manage it, ask the people of Hong Kong whether they would agree.

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Their voices and positions will be the key to measuring whether this move is popular.

"I guess you have heard about the land reclamation project and highway construction plan that the Hong Kong government is going to launch for Hong Kong and its people, right?"

"I just heard about it this morning." Du Huilian thought about this time when Luo Nianzhong called him and asked, "Mr. Luo, do you have anything to say?"

"I'll give you an upper limit: 400 billion Hong Kong dollars."

"So many?" Du Huilian exclaimed.

This means that two-thirds of the funds need to be taken out at once, which is really a huge investment.

You have to know that although the plan was proposed by the Hong Kong government and the funds also come from the Hong Kong government, they do not have the final say on how much of the money can be used.

Because Far Eastern Bank has made so much money for Hong Kong Island over the years, Hong Kong citizens can receive various shopping coupons and duty-free benefits issued by the Hong Kong government every year. To a certain extent, this is giving money to the people of Hong Kong Island.

People are greedy and definitely want to earn more.

How can you make more money? Just increase your investment.

Therefore, under the promotion of all parties, the Hong Kong government amended the regulations on the money managed by Far East in 1992.

When Far East Bank took over the funds and made them the purse of the Hong Kong government, there were clear instructions on the use of the money, that is, the amount of money used by Far East Bank for investment could not exceed 30%. The new rule changed the amount of money that could be used for investment from 30% to 70%.

But everyone knows that this 70% fluctuates, generally speaking, it fluctuates by 10%.

That is to say, Far Eastern Bank can use 80% of Hong Kong Island’s fiscal reserves for investment, of course 10% of which needs to be guaranteed.

Therefore, if Far Eastern Bank wants to, it can find all kinds of reasons to hold up the money.

Want to use it? Wait, it’s in a closed-end fund.

Take it out now? Sure, you have to pay the penalty, but don't expect to get the huge profit from it now.

What do you think will happen if the Hong Kong government dares to take it out by force and the Hong Kong people find out?

"But because of the previous real estate project, we have just put the remaining half of the funds into the fund. Now the funds we can actually withdraw for short-term use are less than 200 billion Hong Kong dollars. This part is to prevent special situations and personnel expenses."

"The industry means that the funds that can be mobilized now are very small. Where can we find 20 billion? Although the payment will be made in batches, the first installment of funds must be around %, and this money is not so easy to raise."

"I know, I can use the emergency fund first."

"Isn't this too dangerous?" Du Huilian wanted to dissuade him. He understood what Luo Nianzhong meant. If something really happened, he could just transfer the money from other places, such as withdrawing the funds invested in the fund.

But there is a problem with doing this, and that is that the financial market is changing rapidly. Although most large banks like Far Eastern Bank tend to invest conservatively and hedge, what if?
"I know what I'm doing. Just do as I say. But this money is not taken for nothing. I am quite interested in the Privy Council."

I understand. As a former British citizen and now a Hong Konger, Du Huilian knows the Privy Council very well and understands why Luo Nianzhong laid such a heavy bait.

The full name of the Privy Council is the Foreign Affairs Committee of the British Privy Council. In the past, it was responsible for handling the highest litigation in the British colonies.

Now it is called the final court of appeal for overseas territories, crown territories and independent Commonwealth, but it means the same thing.

Don't underestimate this institution. It is responsible for the final appeals in places like the Bahamas, Cayman Islands, Cape Town, part of New Zealand and now Hong Kong Island. It also has the final say on who should be sent to serve as the Chief Justice.

You should know that judges in these places are appointed for life, just like in the United States.

Unless they resign on their own initiative, as long as I am alive, the lifelong rights will remain in my hands.

Luo Nianzhong has always wanted to infiltrate this organization, he didn't have the opportunity before but now he has it.

"I remember Jason's cousin married a British dancer recently? He seems to have applied for British citizenship and settled in England, right?"

Jason's cousin is 46 years old, married for the second time, and currently works at Felix Law Firm.

He met his current wife, Solika, during a business trip to England. They got married quickly and he became a British citizen. Now he has been transferred to England and works at the English branch of Felix Lawyers.

"Fields? Indeed."

This is a good candidate, but Du Huilian is a little worried.

"That guy gave up his job at the headquarters for love, and even became a British citizen for his wife's dream of dancing. Will you agree?"

“Born in such a family, there are some things he cannot decide.

And he doesn't have to live in Hong Kong Island, so what's the problem?"

This is so ridiculous that the Chief Justice of Hong Kong Island does not have to live in Hong Kong Island, and does not even have to be a full Hong Kong citizen.

"I understand. I will talk to Peng Lizhi about this. We need to plan it carefully."

"Don't worry, England will agree."

As for the unknowns of Hong Kong Island after 97, London will not hold on to it for the sake of hundreds of billions of Hong Kong dollars.

(End of this chapter)