After the banquet, the delegation was returned to the hotel.

"Bao Sheng, I saw your serious face all the way, what happened?" Xu Zhi happened to be in the same direction as Bao Yugang returning to the hotel, and asked casually on the way.

Bao Yugang said with a smile: "It's nothing, it's just that Minister Lin of the Sixth Machinery Department just revealed to me that domestic shipyards can manufacture 100,000-ton cargo ships, and I hope I can order a few, you also know that I have been selling cargo ships recently, but I am not optimistic about the shipping market, but I am not willing to refuse the requirements of the mainland, so I have a headache." ”

"What is the approximate price of a 100,000-ton freighter?" Xu Zhi didn't know anything about it.

Bao Yugang said: "The price of the freighter actually fluctuates greatly, not only steel raw materials, but also the relationship with the supply and demand market, according to the current international price, a price of almost 40 million US dollars, the price given by the mainland is cheap, as long as 35 million, but ......"

"Understood. Xu Zhi nodded and said, Bao Yugang is ready to abandon the boat and land, his ships are being sold at a price below cost, and now let him buy a few large freighters, of course he is unwilling.

Not only the real estate industry, but also the marine transportation industry is actually highly leveraged, a $30 million ship, the buyer may only pay $3 million or even less, the rest rely on bank loans, and then slowly operate the freighter to repay the loan principal and interest.

If the shipping market is booming, it may pay for itself within two or three years, but if it is the other way around, it will be enough to bankrupt the shipping company.

Bao Yugang sold off his ships in order to reduce the liabilities of his global shipping, and now let him borrow hundreds of millions of dollars to buy a cargo ship that will inevitably lose money in the future, which no one will agree.

Bao Yugang smiled bitterly: "What does Xu Sheng think I should do?"

Xu Zhi smiled and said, "What else can I do, just refuse!"

"No, not very good?" Bao Yugang said with a frown.

"Hundreds of millions of dollars in losses, are you sure you want to pay for this?" Xu Zhi said: "Even if Bao Sheng wants to help the mainland, it should not be in this way, you can invest in other aspects, you can consider hotels or infrastructure." ”

"That's all there is to it. Bao Yugang thought for a while and said, "Thank you Xu Sheng." ”

Xu Zhi smiled: "You're welcome, it's nothing." ”

Bao Yugang asked: "Xu Sheng, during this period of time, I have carefully studied the development strategy of your Evergrande Company and Hutchison Whampoa, have you calculated that there will be problems with the real estate in Xiangjiang in the future?"

"Yes, the real estate industry in Xiangjiang has always been like this, a crisis every few years, from 75 to the present, residential housing prices in Xiangjiang have risen nearly 4 times, which has far exceeded the affordability of ordinary families, plus the 97 contract period is coming, I don't know when there will be problems, but the current housing prices and land prices are too high, my strategy is not to make the last penny, so now I am selling a large number of land and properties in Xiangjiang. Xu Zhi explained either true or false.

"Don't make the last penny? Bao Yugang nodded and said, "In that case, why is Xu Sheng still optimistic about Harbour City and won the land of the Causeway Bay Tram Factory?"

Xu Zhidao: "That's because in the long run, I am still optimistic about the real estate industry in Xiangjiang, but my main business is not real estate after all, if I am engaged in residential development, I need to divide too much heart, and owning commercial buildings is the easiest way."

Hutchison and the former HK Electric hold a large number of land plots of different sizes in the New Territories, Yuen Long and other places, which I want to dispose of as soon as possible and return the funds, but do not include the prime land properties in Central and Kowloon. ”

Whether it is HK Electric or Hutchison, in the non-core business district, there are a large number of small properties or industrial buildings, Xu Zhi began to arrange a large number of these properties as early as the middle of the 80s, because these assets will fall miserably in 83-84, such as the price of industrial buildings in the New Territories fell to 8% at its peak, and it was not easy to sell 800,000 industrial buildings that used to be 10 million.

Bao Yugang said with a smile: "Xu Sheng's vision is amazing, you have already cashed out a lot of money, as long as the real estate crisis really breaks out in the future, you will definitely be able to make a lot of money." ”

"Since Bao Sheng also knows all this, he can go back and do this. Xu Zhi said with a smile.

Bao Yugang shook his head and said: "Forget it, I can't afford to toss, Wharf's properties and land are basically not bad, and the company's liabilities have recently dropped to a reasonable level, I am old, I just want to seek an asset that can maintain its value forever for future generations, this kind of real estate crisis is simple to say, sell high and buy low, and ninety percent of the people who can really put into the operation are bankrupt." ”

"Indeed, it's easier said than done. Xu Zhi nodded and said, the principle of selling high and buying low is understood by primary school students, but Xu Zhi can operate so smoothly because the first is that he is familiar with history, the second is that the principal is abundant, ordinary people do not know the future point in time, and more importantly, normal real estate developers are leveraged operations, and the profits increase several times while the risk also increases several times.

In several real estate crises in Hong Kong, Li Ka-shing, Lee Shau-kee, Cheng Yu-tung and other families have taken advantage of the extreme, successfully doubled their assets, and surpassed the traditional British-funded consortium, no matter what these people will do in the future, but it is undeniable that these people's business vision is indeed ruthless and accurate.

Bao Yugang said: "Xu Sheng, your proposal on the plane, the exchange of the docks under your company and my company, I have considered it, and there is no problem in principle, but the value of specific assets needs to be further confirmed." ”

"Of course, when this side is over and we can operate this matter after we return to Xiangjiang. Xu Zhi confirmed that the so-called asset exchange does not mean that the mutual exchange is over, but that the two parties agree to exchange with each other, but will renegotiate and confirm the value, and then the party with the low asset price also needs to replenish cash or other assets.

Bao Yugang said with a smile: "I need to decide after I return to Xiangjiang to take a stake in the power industry." ”

Xu Zhi smiled: "Okay, but hurry up, the project on Lamma Island is also more urgent, and if it is too late, you can only issue bonds in the stock market." ”

"I'll make a decision as soon as possible. As soon as Bao Yu agreed, he said goodbye and left.

Just when Xu Zhi and the others returned to their residence to rest, a courtyard in the capital was brightly lit.

Minister Shen of the Fourth Machinery Department is over 60 years old, and he finally went to bed early in this cold weather, but he was woken up by a subordinate's phone, and after hearing the other party's words clearly, he immediately woke up and said, "What you said is true?"

"It's true, minister, I dare to joke about this kind of thing?" Chen Guoming said through the phone with a sworn oath.

Minister Shen thought for a while, and immediately said, "You call Lao Wu and a few people now, and everyone will go to the ministry for a meeting immediately?"

"Now?" Chen Guoming looked at a few snowflakes floating in the air outside, and asked, "Why don't you tomorrow?" It's getting late now, and it's snowing outside?"

"It's snowing?" Minister Shen looked out the window and said, "Okay, then inform them, immediately rush to the ministry for a meeting early tomorrow morning, and no one can be late." ”

Chen Guoming promised: "Okay, no problem, I'll inform them immediately." ”