Hong Kong variety show: I Am a Tycoon

Chapter 185 Rapid Development

Loyalty Hall.

The leaders and members of the Hung Hing triad sat on the left and right sides respectively, and the entire Chung Yi Hall was packed with people.

After Chen Jiajun led everyone in offering incense to Lord Guan, they took their seats in the main position at the head of the dragon's head.

Uncle Hing, acting as the clerk of the triad, reported the company's financial situation to the brothers of Hung Hing during this period:
"Ah Da, and all the brothers of Hung Hing."

"This month, the total revenue of Hung Hing's amusement arcades reached 14000 million."

For business owners and organizations, this industry is a good investment with low initial investment and high returns, and it can still be considered a blue ocean market.

"The stalls on Sneaker Street and Ladies' Street only have a surplus of 2000 million this month after deducting the dividends from the Hung Hing brothers."

Taking a puff of his cigar, Chen Jiajun looked at Uncle Xing and said, "Uncle Xing, please continue."

"Ah Da, fellow Hung Hing brothers."

"This month, the fees collected by Hung Hing across its various territories totaled 3.5 million."

"After deducting the dividends from all the Hung Hing brothers, the remaining portion of this month's profits, as you instructed, has been injected into the Guojun Fund and is being managed by professional brokers."

"Brothers, this is the situation of Hung Hing this month."

After Uncle Xing finished his report, Chen Jiajun exhaled a puff of his cigar, looked around, and said, "Well, does anyone have anything to add?"

As soon as he finished speaking, Uncle Hing said, "Ah Da, there's something I want to say. The brothers who used to follow Fat Lai and Pretty Mom who quit want to go back to Hung Hing."

"When Hung Hing was in trouble, they withdrew from the organization. Now that Hung Hing has grown big and strong, they want to come back? No way!"

Chen Jiajun flatly refused.

After leaving Hung Hing, Fat Lai from North Point started a laundry detergent business, but his territory shrank by more than half.

In addition, Hung Hing's income has increased significantly in the past six months. An ordinary member of the group earns a stable income of three thousand dollars a month, not including the wages earned by employees in various positions at Hung Hing Entertainment Company. Naturally, this group of people had the idea of ​​returning.

Brother Ji nodded and said, "Exactly, why should we bring them along to make money?"

After Brother Ji finished speaking, Uncle Xing said with a red face, "Ah Da, there is something else I would like to say while everyone is here."

“Go ahead and speak,” Chen Jiajun nodded.

Uncle Xing said with a smile, "Ah Da, you know I'm almost sixty years old. Willie is now working for that old scoundrel from Haojiang. He's messing around outside and has a son. I want to retire."

Now, Meng Guitian does the accounting. He's highly educated, quick-witted, and keeps the accounts very clean.

He was originally a senior IT professional who was rehired and given important responsibilities near retirement. Now that his son has given birth to a grandson, he naturally wants to retire.

Chen Jiajun readily agreed to the request, "Uncle Xing, in a few days, let's pick an auspicious day for your farewell party."

In addition, you will receive a monthly pension of HK$5, and you will not need to withdraw your shares in Hung Hing.

Brothers, although Uncle Hing has retired, he is still a member of Hung Hing. Anyone who dares to be disrespectful to Uncle Hing will be punished according to the family rules!

"Uncle Xing, congratulations!" The Hall of Loyalty and Righteousness was filled with a joyful atmosphere.

Chen Jiajun pressed his hands down: "Alright, lastly, I have something important to say. All of you brothers here must listen carefully. If you have any extra properties, sell them all within these two months."

"If you have any mortgages at the bank, just let the finance company know, and they will help you get the funds to release the mortgages."

"As for the reasons, I won't go into detail; everyone will understand next year."

Hong Kong's economy is currently in a state of false prosperity. Last year, Hong Kong's property market experienced a crazy year, with a surge in speculation on high-rise buildings and hotels.

By the beginning of this year, Chen Jiajun clearly felt that the transaction rate of Hong Kong's property market had dropped significantly, and the vacancy rate was getting higher and higher.

More importantly, while housing prices have gone up, rental income remains almost the same as last year, indicating that Hong Kong's property market has peaked.

Indeed, this is the case; Hong Kong's property market has become stagnant.

With negotiations next year, housing prices will plummet. How badly will they fall?
Land prices have generally fallen by 40% to 60%.

Guojun Academy offers many investment and financial management courses, and many of its members have invested their money in Hong Kong's real estate market. Now is the best time to exit, and Chen Jiajun must remind them.

"Received, Ah Da!"

The Hung Hing brothers never hesitated to follow the instructions given by their boss.

“Ah Da, if I sell all my houses and have HK$1 million, where do I put all that money?” Young Kun started to ask Versailles.

“Put it all in Guojun Fund. If you don’t know how to manage it, just invest it all in Guojun Fund,” Chen Jiajun said, flicking his cigar ash.

Currently, the entire Hung Hing Group.

A total of HK$63 billion, equivalent to US$12.6 billion, was handed over to members of the Landlords Association, including Sima Xiang and Huang Shitong, for management.

Every month, the funds collected by Hung Hing Group and Kwok Chun Group are all converted into US dollars or Japanese yen in the market and then transferred to Kwok Chun Group's account in Japan.

And the money ultimately ends up in bank stocks on the Japanese stock market.

The decade from 80 to 90 saw the biggest bull market in Japanese history.

During this 10-year bull market, the Japanese banking sector saw a gain of 831%, ranking first among all sectors.

Currently, the funds handed over to the landlords' association have an annualized rate of 50% when settled in US dollars and a whopping 65% when settled in Hong Kong dollars.

After the monthly Hung Hing meeting, Chen Jiajun went to HSBC.

HSBC, VIP Lounge.

HSBC tycoon Sir Michael Sandberg sat down opposite Chen Jiajun and said, "Mr. Chen, did you come here this time because of the 15 billion loan you took out from HSBC last year?"

“That’s right.” Chen Jiajun raised his coffee cup, took a sip, and crossed his legs.

Withdrawing his admiring gaze, Shen Bi smiled and pulled out a calculator to do some calculations for Chen Jiajun: "Mr. Chen, the total amount you borrowed is 15 billion, the interest rate is 14%, the loan term is currently ten months, and the interest is 1.75 million. You can transfer this money to your HSBC account; we can transfer the funds at any time..."

"and many more."

Chen Jiajun interrupted Shen Bi in time: "Mr. Shen, I didn't say I wanted to repay the loan. I came here specifically to extend the loan term."

If you borrow money based on your own abilities, why should you pay it back?
Given that the Hong Kong dollar had already depreciated rapidly, Chen Jiajun had no intention of repaying the loan to HSBC this year.

It's impossible to repay the money; I can only make ends meet by taking out loans.

"What?" Shen Bi was stunned upon hearing this.

"In addition, I would like to ask HSBC to provide another loan based on the situation of our Guojun Group. As you know, our Guojun Group has been expanding too rapidly in the past two years and is a bit short of money. Of course, you don't need to worry that our group will be unable to repay the loan."

As he spoke, Chen Jiajun extended his hand to Doom, who placed the folder in Chen Jiajun's hand.

Chen Jiajun tossed the documents in front of Shen Bi and said, "These documents are our group's stock holdings on the Japanese stock market, currently valued at US$18.9 billion, which, according to yesterday's exchange rate, is 104 billion..."

104 billion was an enormous sum, whether in 2022 or 1981.

What does that mean in today's context? Last year, the Hong Kong Jockey Club's total betting volume for the entire year was only 87 billion.

Shen Bi picked up the folder and flipped through it. Chen Jiajun continued, "I want to use these stocks as collateral."

“Mr. Chen, HSBC has never used overseas financial stocks as collateral before. This is a serious matter, and I’m afraid I need to discuss it with the board of directors before I can make a decision.”

After pondering for a moment, Shen Bi spoke to Chen Jiajun.

"I understand. Mr. Shen, I'll take my leave now."

Upon hearing this, Chen Jiajun stood up nimbly.

After Chen Jiajun left, Shen Bi immediately summoned Wenbas from Huoduoli Company and asked him to verify the authenticity of these stocks. After reviewing them, Wenbas said:

"Chairman, it is true. As far as I know, top Chinese agents such as Sima Xiang, Huang Shitong, Chen Zhan, and Mai Shengyun are all working for Mr. Chen."

"Go and double-check it," Shen Bi nodded.

After Wenbas left, Shen Bi opened the documents and looked through the information about Chen Jiajun.

After becoming a legend in Hong Kong's financial world over the past year, Chen Jiajun quickly faded into obscurity. He never expected that Chen Jiajun would give him such a big surprise after a year of not seeing him.

If the stock information is accurate, then Sir Michael Sandberg would naturally be willing to lend money to Chen Jiajun.

After all, the assets under the name of this underground emperor of Hong Kong Island and the little gambling king of Macau are truly of high quality.

This year, news has spread that the Hong Kong authorities are planning to build a large port in Butterfly Bay.

Although there are no official documents, it's pretty much confirmed.

To everyone's surprise, their investigation revealed that Butterfly Bay had already been snapped up by someone else.

The entire Butterfly Bay area, including the surrounding land, is under Chen Jiajun's name.

……

Guojun Building.

Uncle Hing and Meng Guitian had already been notified by the head of the company to submit the information, ledgers, and transaction records of the three subsidiaries, Hung Hing Property, Hung Hing Entertainment, and Hung Hing Logistics, to the key account manager dispatched by HSBC.

"Manager Lei, I am the CFO of Hongxing Group. Our chairman has already given instructions. These are the materials for our subsidiaries."

The documents filled three large suitcases, and the account manager was immediately overwhelmed by the sheer volume of material.

But when facing Uncle Hing, the financial director of Hung Hing Group, he dared not be negligent at all. After carefully examining the bank statements in the suitcase, he politely looked at Meng Guitian and said, "I will handle the details with Mr. Lin Yutian."

"Of course, if you have any questions, Manager Lei, just call Tianzai."

Being in Hung Hing was comfortable. In other triads, White Paper Fans dealt with gangsters, but in Hung Hing, Uncle Hing dealt with large corporations. The flattery from the HSBC key account manager made him very comfortable.

Back then, Uncle Xing also wanted to open an account with HSBC, but because he didn't have a legitimate job, he was directly turned away by HSBC.

This left an indelible psychological shadow on Uncle Xing's young mind.

At that moment, he was dressed in gold and silver, holding a large cigar in his hand, and he couldn't have been happier.

Lin Yutian presented his business card: "Manager Lei, this is my business card."

"Well then, Mr. Lin, if you have the time, could you take me to visit a few of our subsidiaries?" Manager Lei asked.

"Please follow me." Lin Yutian gestured for him to come.

In Hung Hing, the most capable always hold positions. Lin Yutian, who had only been with Hung Hing for a year, was placed next to Uncle Hing by Chen Jiajun.
Despite being extremely busy with work, Meng Guitian grew very quickly this year.

downstairs.

The impressive black Mercedes-Benz convoy filled Manager Lei with awe.

Meng Guitian opened the car door: "Manager Lei, how about this, I'll take you to visit Hung Hing's property management company in Central first..."

Haojiang Wharf.

Another HSBC pre-loan due diligence team disembarked from the ship and boarded a fleet of luxurious Rolls-Royces, arriving at the opulent SJM Holdings casino.

Uncle Hing's son, Willie, wearing a royal blue Youngor suit, said: "Manager Huo, any shop on Haojiang Street that displays the Hung Hing logo belongs to us."

Huo Jianming, a key account manager at HSBC, looked up and glanced around. It seemed that the entire street was covered with Hung Hing's logos: "Mr. Willie, is this whole street owned by your Hung Hing?"

"That's not entirely true. Some of those displaying our Hung Hing logo are simply under our protection. Manager Huo, please come with me. I'll take you to the Lisboa Hotel to register first."

Led by Willie, they first checked into the hotel, and then visited the Hung Hing Casino. The magnificent and grand decorations left the HSBC's key account managers speechless.

"Your Hung Hing Group has an annual turnover of HK$180 billion?"

After reviewing some documents in his office, Huo Jianming was stunned. What did a turnover of 180 billion mean?
It's like the Hong Kong Jockey Club's turnover rate.

Those who can sit on the board of directors of the Hong Kong Jockey Club are basically the most prestigious people in Hong Kong. For example, HSBC tycoon Sir Michael Sandberg is the chairman of the Hong Kong Jockey Club.

"Turnover is just turnover, it's not profit. Our Hung Hing Group has a 17.5% stake in SJM Holdings, and the profit generated from our monthly turnover is only 1.5 million... It's far less than that of a large group like HSBC."

Willie, now a father, said shyly.

Butterfly Bay, Tuen Mun.

Lu Jinqiang, Lu Yongfu, Lu Jianbo, Luo Yongjiu, and others from the Wrenchman's team received the prenatal due diligence team from HSBC.

A year ago, Butterfly Bay was almost entirely barren land, but now it is incredibly prosperous. Several magnificent office buildings are impressive, and the Guojun College, located on a gentle slope, attracts many Hong Kong tycoons.

This key account manager, named Zhang Guoquan, knew that the admission requirements for Guojun Academy were extremely stringent. Apart from the free places allocated to the New Territories, the remaining places were fiercely contested by the middle class in Hong Kong.

There is no other reason.

The faculty of Kwok Chung College has attracted attention throughout Hong Kong. Although Kwok Chung College does not have a university division, it is said that students from the University of Hong Kong often come to audit the open courses taught by its professors.

"Manager Zhang, this is a dual-head arcade machine produced by our Guojun Technology. It costs HK$8000 per machine. Last year, we sold 20 of our machines to Taiwan. Our export volume ranks among the top in Hong Kong, and the Hong Kong Customs Service can find the relevant data."

"Manager Zhang, this is Guojun Garment Factory..."

Lu Jinqiang gave a detailed introduction.

However, the major account manager named Zhang Guoquan kept his eyes on the Guojun Academy, a blend of European and modern styles, on the gentle slope. He asked, "Mr. Lu, there's something I want to ask you."

"Please go ahead," Lu Jinqiang said with a smile.

“I have a son who’s a disappointment. He’s finishing kindergarten this year, and I’ve heard that the admission requirements for Guojun Academy are very high. I’d like to ask if Guojun Academy has any sponsored spots. I’m willing to spend any amount of money,” Zhang Guoquan said eagerly.

Lu Jinqiang immediately understood. "How about this, Mr. Zhang? Our Guojun Academy doesn't have any sponsorship quotas. If your son wants to study here, I'll keep an eye out for a spot for you."

As a native of Tuen Mun, he could easily secure a place in a school.

(End of this chapter)