If a few years ago, this topic would have lasted for more than half a year, but at this moment, any news of Sino-British negotiations will immediately make headlines.

For example, recently, China and Britain negotiated for a long time on how to exchange national flags on the evening of June 30, 1997, and the British side insisted that it would lower the British flag at 23:59:59 on the evening of June 30, but the Chinese side did not agree to this time, because the lowering of the British flag at this time naturally meant that the Chinese side did not have enough time to raise our own national flag on time at 0:00 on July 1, so the two sides began a long-term negotiation tug-of-war.

Many people may think that it is a bit incredible that the negotiations are only for these two seconds, but the fact is that the punctual raising of the national flag has a great relationship with national sovereignty, which marks whether Hong Kong will return on time and will be forever recorded in history.

There are many similar things, such as land policy, fiscal policy, and so on in the next 14 years, and each negotiation will involve dozens of issues, and many issues will go through several or even more than ten negotiations.

Xu Zhi is also quite concerned about the negotiations between the two sides, and he will also pay attention to the process reports in the middle every day, but after all, he knows the result of this kind of thing, so he is not worried.

After a month of taking over, Xu Zhi's team has successfully taken over Hongkong Land.

When Xu Zhi acquired Hutchison Whampoa, he was very cautious about the management of Hutchison at that time, and in order to stabilize these people, Xu Zhi did not arrange a large number of Chinese to take over various important management positions, but only arranged his own people in important positions such as finance and personnel, and even Hutchison's Taipan was still a British.

There are many reasons for this, one is that Ma Shimin is indeed very capable, which has been proven in history, and second, Xu Zhi's team did not have enough team to take over all the business of Hutchison at that time, and the third is that for the internationalization of Hutchison in the future, a large number of British talents still have enough to use.

First of all, Xu Zhi already has a strong team, and most importantly, Hongkong Land's business is mainly rent collection, which is naturally much simpler to manage than a large group like Hutchison that spans dozens of industries.

In the past few decades, Jardine Matheson has been able to sit firmly in the position of Hong Kong First Foreign Company, mainly relying on Hongkong Land Group and Wharf, of which Hongkong Land is larger.

Even though Swire & Co.'s Cathay Pacific has a monopoly on the sky of Xiangjiang and Hutchison Wharf has a monopoly on the port of Xiangjiang, it is still not comparable to Hongkong Land's dozen buildings in Central.

At present, Hongkong Land's major rental properties in Hong Kong include Connaught Building (future Jardine House), Alexandra House, Glouce Castle House, Lane Crawford House, Standard Chartered House, Landmark Plaza, Duke House, Taikoo House, Mandarin Hotel, Prince Edward Building, Holland Bank, Lee Lee Bank Building, Heung Kong Clubhouse Building, Duke of Windsor Building, Excelsior Hotel, Starlight Building, Royal House Building, Ocean Terminal, Causeway Bay World Trade Centre, ......etc.

With a total area of more than 10 million square feet (1 million square meters), even at current rental prices, the annual rental income is as high as 2.5 billion to 3 billion Hong Kong dollars.

In addition to the existing properties, Hongkong Land also has large land plots in Causeway Bay and Pokfulam due to the acquisition of the dairy company, and at the same time, in the early 80s, Hongkong Land's several large-scale investments have also brought the company some prime locations, such as a plot of land in Baibi Hill that can build 400 single-family villas, a site in Exchange Square, the former Jianing Centre Tower and the old wing of the Miramar Hotel.

In addition to the real estate business, the original dairy company also has a monopoly on the milk products business in Xiangjiang and the largest ice factory in Xiangjiang, and this part of the business was sold to the Golden Bull Beverage Company, cashing out HK$600 million in cash.

"The jewel in the crown" is the name of Hongkong Media for Hongkong Land, so many high-quality properties, if it were not for the reluctance of the senior management of the Jardine Mason Department to sell the property for cash, the company would not have fallen into such a predicament, and Xu Zhi would not have had the opportunity to enter Hongkong Land.

Although the return of this acquisition is very rich, Xu Zhi has also suffered a lot of economic pressure, and the funds for the full privatization of Hongkong Land are good to say, Xu Zhi is part of Coca-Cola, General Electric, Pepsi, Walmart and other high-quality stocks as collateral loaned $1 billion from Citibank, but because Xu Zhi himself held a lot of Hongkong Land stocks, and Jardine Matheson Group also cashed out a lot of funds, after the acquisition of Hongkong Land, the remaining HK$1.5 billion was injected into Hongkong Land for development.

The biggest debt problem is Hongkong Land's huge debt, a loan of almost HK$18 billion, which Xu Zhi has to take on while acquiring the entire land.

But fortunately, Xu Zhi knows that in the future, as long as the housing prices in Xiangjiang rise until 1985, the value of Hongkong Land's properties will also rise, and the rent will also rise.

However, the future is the future, Xu Zhi knows, but many creditors do not know that Hongkong Land's current short-term debt is as high as more than 4 billion Hong Kong dollars, and this money still needs to be paid soon.

In the original history, after Simon Keswick took over the land, he also demolished the east wall to make up the west wall and sold a large number of overseas assets to solve the problem of short-term debt. Now Xu Zhi has no other way, after all, the real estate market will not recover quickly, so he can only transfer back 2 billion Hong Kong dollars from overseas again to fill the huge financial hole left by Hongkong Land.

Connaught Building:

This is currently the second tallest building in Hong Kong, and before the topping out of the Harmony Centre, Connaught Building was not only Hongkong Land's flagship but also the tallest building in Southeast Asia, but after paying a certain price, the original tenants moved away, and it also serves as the current headquarters of Hongkong Land.

"Chairman, this is Hongkong Land's annual financial report for the entire 1983 year. Nian Mao handed Xu Zhi a summary report.

After Hongkong Land was wholly privatized, Xu Zhi specially transferred a real estate veteran from Evergrande to serve as the general manager of Hongkong Land, this person is Nian Mao, who has worked in Cheung Kong for more than 10 years and is responsible for the development of many large-scale real estate projects.

Xu Zhi flipped for a moment and said, "Can you briefly talk about the situation?"

"Yes, Chairman. Nian Mao reported: "Because the chairman of the board of directors you have mobilized nearly 4 billion Hong Kong dollars to inject capital, the current short-term liabilities of Hongkong Land are basically solved, but in terms of long-term liabilities, the company still owes close to 15 billion Hong Kong dollars of debt, of which 4.5 billion Hong Kong dollars are due debts, and the rest need to be repaid on a monthly basis, at present, the company needs to pay 330 million Hong Kong dollars per month to pay the principal and interest of the debt, plus the operating costs of the major office buildings themselves, at present, the company is losing money every month." About 80 million Hong Kong dollars a month. ”