The Red Era: Starting from a Truck Driver

Chapter 273 Poker

In the late 1970s, land in Hong Kong was not expensive. Of course, this is compared with the future of the 21st century. If compared with China, even in the relatively cheap places in the New Territories, the land rent for opening a hotel would cost 5 million Hong Kong dollars.

In the Kowloon area, if you want a relatively good location, just renting the land costs 50 million Hong Kong dollars.

The construction cost and decoration are also between 50 million.

Then there are the guest room facilities, beds, wardrobes, TVs, air conditioners, bathrooms, restaurant kitchens, elevators, fire protection, and surveillance. Overall, it would cost 150 to 200 million Hong Kong dollars.

But with Jiang Cheng's current strength, he can get a loan without paying a penny. According to the developer's operating procedures, in fact, as long as he prepares a sum of money to acquire the land first, he can use the land mortgage loan to build and open the land.

However, Jiang Cheng opened a hotel, not an open real estate project. Even if it was completed, it could not be sold immediately for profit like a house.

Therefore, the hotel's capital recovery is slow, and small developers are unwilling to invest in hotels. In Hong Kong, although there is a pre-sale system for buildings, the supervision is very strict. If the house is not capped, the developer cannot get the pre-sale money.

The pre-sale in Hong Kong is just to start selling earlier and save time to recover funds after the construction is completed. You can't get the money during the construction process. Otherwise, as long as you raise money to get the land, you can develop it without limit.

Land acquisition ~ loan ~ pre-sale. If you can get the pre-sale money, you don’t need to stop, and you can use the pre-sale money to acquire land. This is not feasible in Hong Kong.

Jiang Cheng was able to borrow hundreds of millions of yuan directly because his company, factory and supermarket were all 100% owned by him. This was a sole proprietorship, an operating entity that had to bear unlimited liability.

To put it simply, if some people's companies go bankrupt, at most the company will go bankrupt and the individual will not be responsible for the debt. But if Jiang Cheng's company has debts that cannot be repaid, his house and other things will be taken to try to repay the debts.

Many companies with higher market value than Jiang Cheng have gone public through financing, and although their wealth can expand rapidly, even if their shareholding ratio is higher than Jiang Cheng's, in real life, they still have to be respectful to a sole proprietor like Jiang Cheng.

Listed companies focus on market capitalization, but that is usually inflated. It is only when it is cashed out that it is truly an asset. The chairman cannot do whatever he wants and must be controlled by shareholders.

A sole proprietor like Jiang Cheng can have the final say with his assets, and when he gets crazy, he can do whatever he wants. Companies of the same size don't dare to compete head-on with a boss like Jiang Cheng.

It's very simple. As long as the sole proprietor doesn't make any major strategic mistakes, his execution is crazy. Make a decision today and take action tomorrow.

For listed companies, they have to plan first, hold meetings and have a large number of people agree on the decision. It takes more than half a month for a company with high efficiency to implement a plan from text to reality.

There are four major banks in Hong Kong, all of which are in competition with each other. Jiang Cheng's funds are basically deposited in Hang Seng Bank. The manager of Hang Seng Bank is eager for Jiang Cheng to take out a loan, but Jiang Cheng's cash flow in the bank means that Hang Seng Bank can't find any loan projects to recommend.

Now, let alone Jiang Cheng's loan of 200 million, even if it was 100 million, it would probably be approved. If Hang Seng Bank didn't approve it, and the other three major banks knew about it, the managers of those banks would bring high-end gifts to his door every day.

In fact, the most powerful bank in Hong Kong is HSBC, which was founded by the British, Americans, Germans, Danes and Jews. If you are doing foreign trade business, you will basically choose HSBC.

The other is Standard Chartered Bank, a purely British bank. Before Hong Kong was returned to China, it was a British colony, and the British had the final say, so many corporate accounts had to be opened here.

There is also the Bank of Japan, which later became the Bank of China (Hong Kong). Those who really understand will understand.

Hang Seng Bank can be said to be a local bank in Hong Kong, a very humane bank with a particularly good service attitude. Its main business is to provide services to local customers in Hong Kong, and Hang Seng Bank has also helped a lot in Jiang Cheng's smooth development in Hong Kong.

For example, if Jiang Cheng wanted to lease land, Hang Seng Bank could help negotiate the price with the government. When Jiang Cheng opened supermarkets in 18 areas of Hong Kong, Hang Seng Bank also made great efforts.

Now there is a Hang Seng Bank branch next to every Jiangdonglai supermarket, and a large amount of change and banknotes generated by the daily turnover are directly deposited in Hang Seng.

Maybe it was because the positioning of the banks was different. Anyway, Jiang Cheng felt that it was most appropriate to cooperate with Hang Seng. After more than seven years in Hong Kong, Jiang Cheng also understood that if he wanted to develop overseas business, HSBC would be the most suitable bank.

HSBC has sufficient foreign exchange reserves, and it is easy to withdraw tens of millions of US dollars. Jiang Cheng now wants to borrow 200 million Hong Kong dollars to open a high-end hotel in Kowloon. The financial staff of the company "Jiang Donglai" only needs to connect with Hang Seng Bank, and once they tell the site requirements and hotel specifications, Hang Seng Bank can provide Jiang Cheng with free services.

The bank can send professionals to help Jiang Cheng select a site and negotiate land lease with the government. If Jiang Cheng wants to save trouble, the bank can even handle the bidding for the hotel construction.

Jiang Cheng stayed in Hong Kong for three days. In order to satisfy Jiang Cheng's bad taste, Hang Seng Bank directly printed a batch of "Jiang Dong Lai" shopping coupons for Jiang Cheng. The smallest denomination was one dollar, and the largest was directly 10,000.

The texture of the shopping coupon is the same as the banknote counting coupons used for practice in later generations, but there is no special anti-counterfeiting mark, and it needs to be stamped to be effective. But just the feel of this shopping coupon alone is something that ordinary advertising companies cannot create.

At night, in a mountaintop villa in Kowloon.

"Brother Cheng, we're going to China tomorrow. Xiaofei doesn't want to go. She told me about it a few days ago. We've been staying in the hotel every day, and there's really nothing fun there. Xiaoyue doesn't seem very happy there either." Shen Li lay on her side next to Jiang Cheng, her body hunched over in the quilt.

Hearing this, Jiang Cheng stopped what he was doing. He asked his daughters to go to Shenzhen because he wanted to spend more time with them, but sometimes his considerations were not comprehensive.

Although Jiang Fei and Jiang Yue are young, they have been spoiled since childhood and have a lot of fun and delicious things to do in Hong Kong. In fact, even if Shen Li and Jiang Cheng are not here, there are nannies to take care of the children and drivers to take Jiang Fei to kindergarten.

In Hong Kong, we have TVs and cartoons every day, but in Shenzhen, there are no TVs in the hotels.

Shen Li could also hold a camera and ask the driver to drive her around the countryside to feel the atmosphere and take pictures. She was also fashionable and pretty. She was also well-maintained. In the eyes of those "country bumpkins" in Shenzhen, she was praised in whispers as soon as she appeared.

It is normal for women to love to show off. There are some joys that children cannot experience. Of course, Jiang Fei also loves to show off, but she just loves others to praise her for her beauty.

"It doesn't matter if they don't like to go to China. Anyway, I'm staying in Hong Kong longer than before. What about you? You don't want to go to China either." Jiang Cheng resumed his body and hugged Shen Li tightly and asked.

"Brother Cheng, of course I will accompany you. But can you please stop looking at these poker cards and don't do anything rash." Shen Li said with a blushing face.

"Don't worry, I won't do anything unless you want me to." Jiang Cheng said.

"You won't bring these to China to show your sister, will you?" Shen Li asked.

"Guess~~."

Jiang Cheng didn't tell Shen Li the answer, but Shen Li understood it from his tone.

Jiang Cheng came to Xiangjiang a few days ago and arrived here in the evening. There are some overpasses on this side of Xiangjiang, and there are some vendors selling serious and not serious books and magazines on and under the bridges.

This time, Jiang Cheng passed by a bridge tunnel and saw someone selling playing cards. As an experienced driver, Jiang Cheng immediately felt that the playing cards must be special.

Then I stopped the car and took a look, and found that it was indeed true. It was not a serious playing card, but a European and American style printed picture.

This kind of thing is nothing to Jiang Cheng. He has watched too many short films in later generations, so for something that is just a picture, neither he nor his brothers would stand up to pay tribute.

But it was different for Shen Li and Zhou Lingying. Shen Li was a little scared now because she found that there were other parts of a woman's body that were okay.

Under the stimulation of the playing cards, Shen Li's state today was obviously different. She said she felt sick, but her eyes did not move away. She looked at each playing card.

(End of this chapter)