Reborn in America, I'm serious about making money.

Although filming is exhilarating, Zhang San only focused his attention on it. Is this what they call being distracted by trivial pursuits and neglecting one's duties?

Actually, that's not the case. For him, filmmaking was just a spice in life. And while he was adept at navigating this world of glitz and glamour and beautiful women, he also conveniently bought a large number of properties in Hong Kong.

At this moment, the Asian financial crisis is nearing its end, and Hong Kong property prices are naturally at a low point. Under these circumstances, if you don't buy now, when will you?

This is the advantage of being a reborn transmigrator: you can use what you already know to get ahead of others. This is a cheat code! Luckily, there's no system. Otherwise, Zhang San would think he's living in a system, and everything he sees might not be an illusion.

It wasn't that Zhang San was too hasty, but rather that the bigwigs in Hong Kong had already entered the market. So, he instructed his employees to buy as much as they could. After all, Hong Kong property prices had already fallen to about 70-80% of their peak, essentially returning to levels seen in the early 1990s.

So why didn't housing prices fall to the levels seen in the mid-80s? The reasons are quite obvious. On the one hand, the land resources available for development in Hong Kong are extremely scarce. On the other hand, a large amount of undeveloped land has been hoarded by people.

These lands are often located in remote areas and require large-scale development, but the powerful figures who control them are in no hurry to act. After all,

The profit margins from developing these lands are insufficient to meet their expectations, and even if they wanted to develop them, the existing public facilities are far from adequate to support it.

This situation is a major headache for the Hong Kong government. Development requires a sufficient supply of land, but land prices remain high; furthermore, there are many other costs to consider. Given this complex situation, it's impossible to make a decision easily, let alone take any rash risks.

This didn't stump the shrewd businessmen. They came up with a simple and effective solution—giving away land.

On the surface, by gifting their land to the Hong Kong government or other relevant institutions, these tycoons not only gain a good reputation but also secure certain political or economic benefits. Meanwhile, the Hong Kong government also acquires more land resources to promote urban development—a win-win situation.

But who ultimately benefits?

He could donate a piece of land he owns to the Hong Kong government, for example, if his area lacks a hospital, he could donate a piece of land to be used as a hospital.

These shrewd business tycoons in Hong Kong are certainly not so kind as to donate a piece of land to the Hong Kong government to build a hospital; the schemes here are very sophisticated.

Once the entire project is completed, it will be discovered that this piece of land is in a very delicate location, which can be said to be the worst location in the entire project. Donating it is just right.

If this land is donated, the hospital will still be built with funds from the Hong Kong government; if it is not donated, then the project will need to build a primary school, a hospital, and so on. Will the land and materials be provided by the client to build these public facilities?

Since the land is going to be used to build these public facilities anyway, why not just donate it? The Hong Kong government will provide the medical staff.

Moreover, these places are very remote and need road repairs, which cost a considerable amount of money.

If you calculate it this way, you'll find that donating a piece of land not only saves a lot of money and reduces costs, but also allows you to build a road so that they have a way to get in when they're working on it.

Although Hong Kong's bigwigs have been out of the spotlight for some time, they still appear in various aspects of our lives in some way, though they are now more low-key and discreet.

However, this has nothing to do with Zhang San. He wants people to quickly take possession of the houses, and at the same time, he also starts buying stocks. Because the financial defense of Hong Kong is over, and he doesn't want to be there at that sensitive time. Going back there would expose his intentions, and at the same time, people with ulterior motives would think of him, making it difficult for him to be on both sides.

There's a reason for this. Before the financial crisis started, he closed out his long positions, then started shorting and bought a lot of shares at low prices, completing his long positions. Then he waited and entered long positions again when the prices were low.

Not only stocks, but also index futures were bought in large quantities.

His various jumping maneuvers, both up, down, left, and right, made him incredibly wealthy.

Especially during the financial defense battle, although I contributed a lot, I naturally couldn't let others know too much.

Otherwise, he would expose it, and his past would be thoroughly investigated, leading people to discover that this guy actually had a huge amount of wealth hidden away.

Now, if this money returns to North America, it will be subject to hefty income taxes. The president has gone to great lengths and tried every possible method to get this money back from overseas, but with little success.

One year, the personal income tax rate in North America reached 24%, but no one was willing to repatriate their overseas funds. After all, the tax rate was still too high, and they could easily transfer the money back to North America through other channels.

But they still didn't have the opportunity to use these funds overseas to invest in what they wanted, to acquire competitors, or to suppress competitors, thus opening up channels for their overseas sales.

After several crises, do Hong Kong people not know that after a sharp drop in land and housing prices, there will be a recovery period of about one to three years?

Of course they know, but after the economic crisis, they are short of money. Since they are short of money, they naturally need to liquidate their fixed assets to save their businesses.

However, fixed assets are the least liquid assets. Unlike stocks, which can be sold directly on the market and will always find buyers as long as the price is low, fixed assets are something that wealthy people may not be interested in, while those without money cannot afford to buy them.

If things continue like this, we'll have to sell at a low price. If we don't sell at a low price, we can't afford to repay the loan. In the end, we'll still have to sell, and the interest will be unbearable.

As a result of the chain reaction, when house prices fall, people will come to buy, and they can even pick and choose.

Many people from the mainland bought houses in Hong Kong, and the appreciation rate of these houses was much faster than that on the mainland. These people tasted the sweetness of success in Hong Kong, and the people of Hong Kong also tasted the sweetness of success. Some of them went overseas, and some people from the mainland also went overseas.

They discovered that the overseas real estate environment was quite different from that in mainland China, which made them very upset, and they eventually returned to speculate on real estate.