Hong Kong 1980: The Savage Era

Chapter 490 492 [Old People]

With Luo Qihong's reminder, Li Mingzhi acted quickly. Three days later, he announced that he would sell 3% of his shares in United Group to Huarun Group. At the same time, he asked Huarun Group to contact other mainland state-owned enterprises to become shareholders and directors of United Group.

The color of the United One series is becoming more and more prominent, which is causing headaches for the China Securities Regulatory Commission. Once the target of pursuit becomes a state-owned enterprise, it will inevitably be extremely troublesome, and the chairman of the China Securities Regulatory Commission cannot bear it.

The reason why Luo Qihong reminded Li Mingzhi was not because he wanted to help this person, but because he did not want to encourage the arrogance of those people in the China Securities Regulatory Commission. After all, this was still the British territory.

We have finally won such a good situation and defeated the British financial group. We must not let them take advantage of the situation to make a comeback. Moreover, red chip stocks will soon take over Hong Kong, and Li Mingzhi's approach will be accelerated.

After all, Chinese people are always more favorable than foreigners.

The policy aftermath of the Plaza Accord signed in 85 still puts pressure on the appreciation of the Japanese yen, but it is not as great as it was before. However, the funds Luo Qihong owns have increased many times compared to 85, without having to use leverage.

Today, the exchange rate of the U.S. dollar against the Japanese yen has fallen to 143, and I have made $1200 million compared to the buying point, with a profit margin of 12%, and this is the result of several months.

Luo Qihong believes that by next year, the exchange rate will drop to 110, so the initial $1 million alone can be converted into a profit of 4500 million.

Of course, Luo Qihong will continue to increase his investment. It is obvious that he can make money and he will not miss it.

As for US technology stocks, they have increased to varying degrees. For example, Microsoft's stock price increased from US$0.9 to US$2.7, a 2-fold increase.

Today, Luo Qihong's total investment in the US market has exceeded US$17 billion (excluding Dehe Real Estate Company), of which the largest proportion is investment in technology stocks, followed by investment in CITIC Bank.

Luo Qihong also had a lot of personal investments in Hong Kong. After suffering some losses in the stock market in 90, he went for a big bottom-fishing in the stock market, borrowed HK$20 billion from HSBC, and bought into the Hang Seng Index at 3110 points.

The current Hang Seng Index has soared to 7260 points, an increase of 133.4%. The investment in the Hang Seng Index alone has made a profit of HK$26.68 billion. Excluding various taxes and interest, he can earn at least HK$23 billion.

Other Hong Kong blue-chip stocks also made profits of more than 50%, and the overall profit in the Hong Kong stock market reached HK$34.5 billion.

In fact, Luo Qihong somewhat regretted investing in the Singapore stock market, as the growth there was far less than that in Hong Kong. However, the acquisition by Yeo Hiap Seng Group was the biggest gain.

Australian mining companies have already started to make profits and will most likely earn back their costs in 94, while the Australian estate's wine business has just started and is still in the stage of spending money. However, with the help of trading companies, the momentum of expansion will be much stronger than that of the mining company.

As for investment in the UK, Luo Qihong's personal investment is relatively small. It is mainly the business of Zhaoan Group, which is handled by dedicated personnel and does not require Luo Qihong to worry about it personally.

a.

The great era has come, and the mainland has begun to open up. Hong Kong has always been greatly influenced by the mainland, so such good news naturally played a positive role in Hong Kong's real estate and securities, and a new round of skyrocketing has arrived.

With the skyrocketing real estate and stock markets, the profit of the Zhaoan Group in 92 is likely to exceed HK$80 billion, which is not much different from Li Jiacheng's Cheung Kong Holdings.

Luo Qihong's industries are very scattered, with only half of them concentrated in the Zhaoan Group, while trade, newspapers, energy, etc. are all in private hands.

Li Jiacheng is different. Most of his current wealth is concentrated in the Cheung Kong Group, and his private assets account for up to 3% of his total assets.

The real estate development in Hong Kong has been monopolized by five major real estate developers, namely Sun Hung Kai Properties, Cheung Kong Holdings, Henderson Land Development, Siu On Properties and New World Development, with more than 7% of the market share.

If we include Hang Lung, Great Eagle Properties, Sino Group and Wharf Properties, the nine major real estate developers monopolize more than 9% of the residential market.

As for commercial buildings and shopping malls, the nine major real estate developers do not have a monopoly on too many properties, only about 9% to 4%, after all, it takes a long time to recover the cost of rent. For example, Cheung Kong Holdings holds the least properties, and its main profit comes from the sale of residential and commercial buildings.

The restaurant at the Dehe Plaza Hotel in Central.

As soon as Luo Qihong stepped into the restaurant, a senior hotel executive came over with a flattering smile on his face.

"Mr. Luo, your elder brother Mr. Luo Qixing wants to invite you to sit in the box for a while. What do you mean?" the senior executive asked. If it wasn't for Luo Qixing's instructions, he certainly wouldn't dare to disturb Luo Qihong.

Luo Qihong stopped and asked, "Does he often come to the hotel for dinner?"

The senior executive replied, "I come here occasionally. I usually eat in the lobby and only go to the private room when there are guests."

"Who is the guest in the box? Do you know him?" Luo Qihong unbuttoned his cuffs and freed his wrists.

"It's Lin Luoqi, the boss of Best Real Estate Company, and his wife Li Bingjun, and Lin Yunxue, the boss of Qiyun Investment Company. They seem to be very familiar with your eldest brother, and it seems that they have a lot of cooperation."

"Well. Lead the way. We are all old friends." Luo Qihong smiled slightly.

He hadn't seen his old classmate Lin Luoqi for several years and hadn't paid much attention to him. Now that he showed up and was associated with Luo Qixing, he became interested.

"Yes, please come this way. They are in box 608." The senior executive led the way.

Arriving at Box 608, as soon as the door was opened, Luo Qihong smiled and greeted loudly, "Rocky, how are you?!"

Lin Luoqi quickly pulled out a chair, walked over, hugged Luo Qihong, and said with a smile, "Haha!! Fortunately, I can still make a living. There is no comparison with you, Mr. Richest Man."

"What richest man? It's just something the media reporters wrote." Luo Qihong greeted Li Bingjun and Lin Yunxue again, then sat next to Luo Qixing.

Today, Best Property Development Co., Ltd. has a market value of more than 20 billion Hong Kong dollars. By 95, its market value is likely to double. However, it is still a small to medium-sized real estate listed company in Hong Kong, which shows that Lin Luoqi's business ability is limited.

The Hongpu Real Estate Company owned by Li Bingjun's family has experienced rapid development and its market value has exceeded HK$35 billion. It is a medium-sized real estate company with strong capabilities in developing small properties.

Of course, in Hong Kong where large real estate projects are monopolized by big companies, small real estate projects cannot make much money, but they can still make tens of millions of profits. For example, the former Chinachem Property Company was a leader in the development of small real estate projects. It is now the largest non-listed real estate company in Hong Kong, and it seldom borrows from banks, as all its projects are developed solely on its own.

After chatting with everyone for a while, Lin Luoqi finally got to the point.

"We bought a piece of land with an area of ​​3.4 square feet in Lion Rock, on the edge of the city, and plan to develop it into a high-end residential building. Your Siu On Real Estate also has a piece of land next to it, so we came to ask if there is any opportunity for cooperation?"

Luo Qihong has a lot of businesses, and the business of Zhaoan Real Estate Company has been gradually handed over to senior management. He really can't remember which piece of land it is, and he doesn't even know the specific location.

"How big is the land of Zhaoan Real Estate?" Luo Qihong asked.

Lin Luoqi didn't think Luo Qihong asked this question on purpose. He knew how busy Luo Qihong was and it was normal for him not to remember these things, so he replied, "It's about 2.2 square feet, enough to build two residential buildings. If we work together, we can build a medium-sized residential area, and it won't be a problem to increase profits by 2% to 3%."

(End of this chapter)