The rise of a great power: starting with military industry

Chapter 968 Fishing
On the blue sea.

A luxury yacht was anchored there.

Liu Tao and Huo Yingdong are fishing.

Huo Zhenting was responsible for pouring tea, and Huo Qigang was responsible for serving the fruit plate.

Peter Ho, who is already 52 years old, is in charge of most of the Ho family's businesses. Even after Ho Ying-tung retired, he stayed behind the scenes and never stepped into the spotlight again.

After all, Ho Ying-tung is 74 years old this year. Time is not forgiving and his energy is limited.

Now, Ho Ying-tung no longer holds any position in the Ho family's enterprises. He only holds the title of National Committee of the Chinese People's Political Consultative Conference and the permanent honorary president of the Hong Kong Chinese General Chamber of Commerce and the permanent honorary president of the World Chinese General Chamber of Commerce.

In addition, there are honorary titles from several universities.

It is obvious that Henry Fok has been paving the way for Henry Fok.

Ho Ying-tung had three wives and 13 children, including 10 sons and 3 daughters. However, none of Ho Ying-tung's children was particularly outstanding.

Even Huo Zhenting is just an average person!

There is a tradition of eldest son in Hong Kong. As the eldest son of Henry Fok, Peter Ho will definitely be the next head of the Fok family and will definitely inherit most of Henry Fok's assets.

As for Ho Ying-tung's other children, they will only inherit a small amount of Ho Ying-tung's assets.

Of course, for the current huge Huo family, which possesses amazing wealth, even a small amount of assets is enough to make each of their children billionaires.

Huo Qigang is the eldest son of Huo Zhenting and the eldest grandson of Huo Yingdong. He is the eldest grandson of the eldest son and was born into wealth and noble status.

Huo Qigang, now 18 years old, started to appear at some cocktail parties and began to be exposed to the market when he was 15. In September this year, Huo Qigang went to Southwest Associated University to study.

Ho Ying-tung loved and valued his eldest grandson, Ho Kit-seng, very much and started training him early on.

Huo Qigang will study for his undergraduate degree at Southwest Associated University for three years, then go to Peking University for his graduate studies for two years, then go to Oxford University in the UK for his doctorate for three years, and then work for a company in the United States for four to five years before returning to Hong Kong.

Many people wanted to marry their daughters to Ho Kit-yung, but Ho Ying-tung remained noncommittal and never nodded or expressed his opinion.

Since Henry Fok did not give any indication, Henry Fok did not dare to make the decision on the matter.

Liu Tao naturally knew what Ho Ying-tung was planning. Ho Kai-kong’s future wife would only be from the mainland and would not be an ordinary person.

The Huo family has reached this point and no longer needs to marry into other wealthy families.

Even if it is a marriage alliance, the eldest grandson of the eldest son is not needed!
As the future heir of the Huo family, the eldest grandson of the eldest house must lead the Huo family forward. At the very least, he must stabilize the Huo family rather than cause the huge Huo family to decline.

However, this requirement cannot be met by the wealthy businessmen in Hong Kong, Southeast Asia or other places.

Ho Ying-tung once jokingly tested Liu Tao's eldest daughter, Liu Yingqing. Liu Tao smiled and said that he would not interfere in his daughter's marriage. He would respect his children's love and marriage and support them in their free love and finding their own happiness.

Liu Tao is very open-minded when it comes to his children. He does not require his children to sacrifice their marital happiness for an arranged marriage.

Arranged marriages exist in the mainland, but how many people are truly happy among them?

There is more unhappiness, and now everyone is playing their own games.

It's a mess!
Given his situation, it is enough to protect three generations of his descendants. They may not be noble, but it is enough to ensure prosperity for three generations.

He also believed that even after his death, the country would at least ensure that his descendants had enough food and clothing. The fishing rod moved, and Liu Tao reeled in the line, which turned out to be a grouper weighing 20 kilograms.

"Haha, that's awesome. We are blessed to have this gentian!" Ho Ying-tung gave Liu Tao a thumbs up.

Liu Tao smiled and said, "It seems like we're lucky this time. We can get more than one meal from this grouper!"

After unhooking the fish and putting it in a bucket, Huo Qigang carried the bucket to the kitchen and asked the chef to start killing the fish.

Liu Tao went fishing again.

"The Southeast Asian financial crisis has caused huge and serious damage in Thailand, Indonesia, Malaysia, Singapore, the Philippines and other places. People in Hong Kong are now in a panic, fearing that the Southeast Asian financial crisis will spread to Hong Kong." Fok Ying-tung said, "There are also wealthy Chinese and overseas Chinese businessmen in Southeast Asia who have suffered heavy losses there. They are selling their assets in Hong Kong to save the situation. Some want to take out loans in Hong Kong. There are queues at HSBC Bank."

Liu Tao smiled and said, "Yes, finance is a very destructive thing. It can easily harvest a country's wealth without firing a single shot. Financial security is something that everyone needs to pay attention to."

"Everything has its pros and cons. Crisis is both a danger and an opportunity. It would be healthier and more conducive to the future development of Hong Kong if we squeeze out some bubbles." Liu Tao's actions in Southeast Asia did not involve the Huo family.

The Huo family is an ally, but not the only one, nor an indestructible ally.

The Fok family is a major shareholder of HSBC Bank and possesses a huge amount of wealth, making them the richest family in Hong Kong.

Ho Ying-Tong also sighed.

As the financial crisis has caused huge and serious damage in Thailand, Indonesia, Malaysia, Singapore, the Philippines and other places, some Hong Kong investors have noticed the seriousness of the situation and foresee that Hong Kong may also be attacked.

The Hong Kong Hang Seng Index began to plummet after reaching its highest point of 8 points on August 7.

On August 8, the Hang Seng Index fell sharply by 19 points due to rumors that investment institutions were pessimistic about the Asian market and sold their stocks;
On August 8, the market once again saw panic selling, with the Hang Seng Index plummeting 28 points;
On August 8, the Hang Seng Index plummeted again by 29 points shortly after opening as the rapid decline triggered the programmed selling of institutional investors.

As of now, the Hang Seng Index has fallen to 13800 points.

In just over two months, the Hang Seng Index fell 24.2%.

Experts in the market interpreted this as a market panic caused by the impact of the Southeast Asian financial crisis. The overall economy of Hong Kong is still very good and can support Hong Kong's continued development.

But Ho Ying-tung had already smelled a very dangerous atmosphere.

Southeast Asia is a major market for Hong Kong's exports. The financial crisis and economic downturn in Southeast Asia will inevitably affect Hong Kong's exports. The impact on Hong Kong's real economy will inevitably affect Hong Kong's classics.

Of course, Stanley Ho was aware of the problems in Hong Kong.

As labor costs continue to rise, many companies in Hong Kong have been leaving Hong Kong and moving north in recent years.

So far, Hong Kong no longer has textile industry, shoemaking industry, etc. Even products like Walkman, CD player, DVD player, CVD machine, etc. are no longer in Hong Kong. They have all moved to the mainland.

Even Huaxia Motorcycle is going to move most of its production capacity out of Hong Kong and only retain high-end motorcycles.

Similarly, the China Automobile Factory in Hong Kong no longer produces mid- and low-end cars in Hong Kong, but only produces high-end cars.

Many industries are moving northward.

As for the originally suppressed housing prices, they are constantly being driven up.

Even if the Hong Kong government builds batch after batch of low-rent housing, it’s useless!

(End of this chapter)