Hong Kong 1980: The Savage Era

Chapter 526 528 [Harvest Season]

As Luo Qihong expected, Chung Mong-hun, the fifth son of Hyundai Group's Chung Ju-yung, came to him personally and wanted Luo Qihong to support him in taking control of Hyundai Motor and Hyundai Heavy Industries.

These two companies account for most of the assets of Hyundai Group. Once controlling these two companies, it would be the same as controlling Hyundai Group. The founder would also treat Chung Mong-hun differently, and perhaps he could rightfully become the head of Hyundai Group.

As for the conditions offered, Chung Mong-hun agreed to allow Hengan Investment Company to invest in Hyundai Group with a 7% stake and become a member of the group's board of directors.

Of course, these 7% shares were purchased at the lowest price. Faced with such generous conditions, Luo Qihong chose to agree.

Early July.

Hengan Investment sold all of its shares in small and medium-sized companies, raising US$4.9 million, and then acquired shares from small shareholders of Samsung Electronics, successfully increasing its holdings to 8.9%.

Luo Qihong believes that the companies under the Korean chaebols still have a chance of growing in the next two to three years. Although the growth will not be huge, Hengan Investment Company can make a lot of money.

Because the Japanese stock market was depressed due to the bursting of the bubble, a large part of international funds turned to emerging markets such as South Korea, and South Korea's chips, electronic products, automobiles, etc. all have a good share in the international market.

South Korean banks also support the development of chaebol loans. The model is similar to that of Chen Songqing in the 80s, but more stable than that of Chen Songqing, after all, it has the support of the government.

On his first day back at work in Hong Kong, Luo Qihong saw the latest issue of the American magazine "Forbes" on his desk. The first place was Li Zhaoji with $75 billion; the second place was the Guo Bingxiang brothers with $74 billion; the third place was Luo Qihong with $71 billion; and the fourth place was Li Jiacheng with $68 billion.
However, Hong Kong's Capital magazine published its own ranking, with the first place going to the Kwok brothers, with HK$600 billion; the second place going to Luo Qihong, with HK$560 billion; and the third place going to Li Jiacheng, with HK$500 billion.
There is a big difference in the wealth statistics between the two, but Luo Qihong shook his head, saying that the statistics of the two institutions are very different.

As far as he knows, the Guo brothers also have investments of more than 15 billion US dollars in the United States. Although most of the assets are in Hong Kong, the family's private investments are no less, and there are also many hidden assets, so the net worth of the Guo brothers is definitely not just 600 billion Hong Kong dollars.

The hidden master Li Jiacheng is the best among them. On the surface, Hutchison Whampoa is making moves all over the international arena, but in fact, many of Hutchison Whampoa's projects have the shadow of Li Jiacheng's family, and they have a lot of rights and interests.

Luo Qihong guessed that the hidden assets of Li Jiacheng's family were at least as much as half of Cheung Kong Holdings. They should be among the top three richest people in Hong Kong, with Luo Qihong himself naturally being the first.

A few years ago, Li Jiacheng secretly made large investments in Canada, and then in the United States and Australia, and obtained good returns.

What made Luo Qihong most wary was that Li Jiacheng and Zhaoan Group were competing for the world-famous ports and telecommunications companies, which caused Luo Qihong to suffer a lot of losses.

Now Luo Qihong really wants to snipe Li Jiacheng and make Li Jiacheng lose a huge sum of money, but unfortunately he can't find an opportunity.

Li Jiacheng is too cautious in doing things. He usually spreads news only after a project has been finalized.

What Luo Qihong is more concerned about are the top ten chaebols in Hong Kong. At the top of the list is Robert Kuok, at the bottom is Liu Luanxiong, and the Huang Tingfang family is only ranked fifth.

Robert Kuok's assets in Hong Kong are as high as HK$490 billion, which indirectly tells Luo Qihong that the acquisition of F&N Group will not be easy.

This figure is only the family assets, not the market value of the company actually controlled.

Luo Qihong also had to sigh at the strength of these predecessors, who were able to have such strong capabilities in multiple lines of investment.

Soon, Bai Jinyan walked in slowly, glanced at the magazine on the table, and said with a smile, "Your ranking has dropped again. How do you feel?"

As one of the stewards of Zhaoan Group, Bai Jinyan is well aware that Luo Qihong's wealth has been skyrocketing. The magazines outside are simply making up stories and have basically no idea of ​​the actual wealth of the wealthy Chinese in Hong Kong.

Luo Qihong snorted and laughed, "A fall is the best. What I fear most is being the richest man. That position is not a good thing. Everyone's eyes are on you, and you feel uncomfortable all over." Bai Jinyan was becoming more and more tired of fame. It was really troublesome that reporters would write about him even when he went out to have a meal, but he did enjoy being flattered by others.

The couple chatted for a while, and the topics were very wide-ranging, including family.

"The company has started selling stocks of small and medium-sized enterprises, and it is expected to be completed by the end of the month. The next ones will be large companies and Hang Seng Index constituent stocks (blue chips), and finally red chips. It is estimated that the profit can be HK$70 billion, more than doubling." Bai Jinyan said.

Luo Qihong nodded and said, "In fact, some of the high-quality stocks invested by Dean Securities can be transferred to Asia Securities, which can not only make Asia Securities earn more, but also increase its market value. The most important thing is that the stock market has not fallen so quickly."

Why did Dean Securities Investment Company sell its stocks so much in advance?
This is because Dean Securities Investment Company holds too many shares and is a star enterprise that attracts much attention from outsiders, so there is no need for it to earn every last penny.

But it is different with the Asia Stock Exchange. It does not hold many stocks and can sell them in large quantities. The impact caused can be regarded as increasing its market value.

Today, the daily trading volume of stocks has exceeded HK$100 billion, setting a new historical record.

The Hang Seng Index broke through the 1-point mark. The Hang Seng Index rose 203 points the day before yesterday, and the total value of the stock market was HK$24820 trillion.

"Okay, I'll arrange for staff to do the operation." Bai Jinyan was slightly happy, as Yazheng was her masterpiece.

"How is the sale of scattered properties under Asia Securities going?" Luo Qihong asked casually. This small matter was easy to handle.

"Most of them have been completed, leaving only some particularly high-quality properties, such as shops in Causeway Bay, offices in Central and luxury homes in Mid-Levels. I want to sell them all off after the Spring Festival," said Bai Jinyan.

These are all small matters. Luo Qihong's excessive interference will make Bai Jinyan angry. Even if there is no time to sell them, it is not a big deal. After all, this is not a property that Asia Securities acquired with debt.

"The difference between insurance and finance is not that big. Are you interested in directly managing Qichang Life Fire and Marine Insurance Company?" Luo Qihong wanted to delegate power to Bai Jinyan again.

He was really too busy. Anyway, Zhao'an Group was going to be passed on to the eldest branch of the family, so it would be better to let Bai Jinyan take over in advance, which would also reduce his pressure.

Bai Jinyan's eyes lit up and he said happily, "Okay, I want to learn more too."

"The insurance industry is becoming more and more prosperous in Hong Kong. It is a huge market. I don't want to give up, and I also want to suppress the momentum of Hang Seng Bank." Luo Qihong said seriously.

"Don't worry, I will definitely take down Hang Seng Bank." Bai Jinyan was very confident.

Hang Seng Bank has become HSBC's flagship in Hong Kong's banking industry. Even Standard Chartered Bank has been defeated by it, which shows how many financial businesses it has. Now it wants to dominate Hong Kong's insurance industry. It is a bit too overbearing and does not want its peers to survive.

Immediately afterwards, Luo Qihong went to Hengan Investment Company to learn about the selling situation of Hong Kong stocks.

Hengan Investment Company's investment in Hong Kong is larger than that of De'an Securities Investment Company, as much as HK$120 billion, and it mainly invests in blue-chip stocks and red-chip stocks.

Without interference from small and medium-sized companies, the profit margin of this investment exceeded 140%.

Luo Qihong put down the documents, smiled and said to himself, "Next year, there will be enough funds to launch the acquisition station of F&N Group. Robert Kuok will probably choose to give up."

(End of this chapter)