478 Sumitomo Banking Corporation

Tokyo, Japan:

March is the month when Japan's cherry blossoms are about to bloom, and with this unique beauty, tourists flock to it from all over the world at this time of year, and this is also the time of year when hotels in Tokyo are at their most stressful, especially for five-star hotels, which are often hard to find.

The Prince Hotel, located in the most prosperous area of Tokyo, welcomed a group of Xiangjiang guests, who contracted the top three floors of the hotel at one time, and did not seem to care about the suffocating high price.

In the presidential suite, Xu Zhi looked out the window, some buildings in the bustling section of Tokyo, these are not just buildings in his eyes, but super machines that are about to print dollars.

This time I came to Tokyo to lay out the layout for the upcoming Plaza Agreement.

In the mid-to-late 80s, the Plaza Accord led to a sharp appreciation of the yen against the dollar, up to 100% in two years, and at the same time, Japan's domestic stock market and real estate market began to bubble significantly.

The Nikkei index rose nearly threefold from '85 to '89, and the real estate market, such as Tokyo and Osaka, rose by no less than 30% every year.

Later generations have counted the peak of housing prices in Japan, and the value of all buildings within a one-mile (1.6 km) radius of Ginza in Tokyo exceeded that of the whole of New York, and the total value of the whole of Tokyo exceeded that of the whole of the United States.

A large amount of Japanese capital, with too much cash in hand, went to the United States to buy buildings, landmarks, land, companies, and so on...... At that time, the Japanese slogan was to buy the whole of the United States and then lease it to the Americans for use.

From the perspective of ordinary people, a professor at the University of Tokyo at that time, after retirement, bought a piece of farmland in a very remote place on the outskirts of Tokyo for agricultural planting and research use, and by 89, the development of Tokyo had not yet involved this farmland area, but many speculators took a fancy to this land, and after multiple bidding, the final transaction was 1.2 billion yen (almost 12 million US dollars), and before 85 years, this piece of land was enough for tens of thousands of dollars.

The madness of house prices can be seen.

What Xu Zhi has to do is to implement a buy-buy-buy policy before the Plaza Agreement, taking advantage of the fact that land prices have not yet entered a crazy stage, as long as the location is in a big city such as Tokyo or Nagoya, Osaka, he can invest.

Knowing that land prices will rise sharply, real estate development is the most profitable, but the Japanese market is not easy to enter, and foreign capital is relatively rejected, this road is difficult to walk, even if you can enter the market through various relationships, but the scale is also difficult to expand, after all, local chaebols like the Seibu Group will not welcome foreign investors.

However, it is not a problem to buy the finished property directly, it is to send money to Japan.

However, even if you send money, you have to have the cooperation of business partners, and Xu Zhi has already picked one.

Yohei Murakami glanced at the time, there were still 5 minutes before 10 o'clock, and he had been taken to the hotel conference room by the other party's bodyguard.

This meeting made Murakami attach great importance to it, even more than the meeting with the Japanese prime minister two years ago.

As one of the vice presidents of the Sumitomo Foundation, one of the six major conglomerates in Japan, Yohei Murakami is mainly responsible for the financial business of the consortium, which is the most famous Sumitomo Bank in Japan.

It's just that although it is a Japanese super consortium, its business has long spread all over the world, but compared to the other five, the Sumitomo Foundation is far behind in terms of fame and business scope.

In order to improve the bank's performance, especially in the international business, the bank's top management has been implementing a policy of wooing the international super-rich, and this time, Yohei Murakami, the bank's top executive, personally came to the Prince Hotel because he received an invitation from a world-class billionaire.

"Hello, Mr. Murakami. After seeing the visitor, Xu Zhi politely stretched out his right hand.

"Hello Mr. Xu, I've heard of your name for a long time, and you're everyone's entrepreneurial idol in Japan. Murakami first bowed in Japanese etiquette, then shook hands and smiled.

"You may be seated. Xu Zhi smiled and greeted.

In Japan, large-scale real estate investment inevitably requires cooperation with local banks, which is a mutually beneficial and can also avoid some unnecessary troubles for investors.

The reason why the Sumitomo Foundation was chosen is because among the six major consortia in Japan, Sumitomo is the only one that is not involved in Xu Zhi's main business, the electronics industry and the real estate investment business, and there will be no conflict either now or in the future.

The Sumitomo Foundation has three major businesses, the first is Sumitomo Bank, the second is Sumitomo Metal Industries, and the third is Sumitomo Chemical.

In addition to the first business of the bank, the business of the Sumitomo consortium is generally not in contact with ordinary people, and it is a low-key type among many consortia in Japan, but the strength is still very strong, such as the Yokohama shipyard under Sumitomo Metal Industries, which is currently one of the largest shipbuilding bases in the world.

After the two sat down, after chatting casually, they quickly got to the point.

Xu Zhi said: "Mr. Murakami, I invite you to come this time because I want to reach a cooperation with your bank!"

"What kind of cooperation?" Murakami Yohei's eyes lit up, he had known Xu Zhi a long time ago, and after being invited this time, he had done his homework before coming.

Xu Zhi's assets are mainly in three parts, the first is Midea Electronics Company, whose games are almost in a semi-monopoly position in the international market, and in the personal computer market, Midea's share is second only to IBM, and it is the only personal computer giant outside the United States in the world. In addition, in the field of household appliances, the scale of Midea is no less than that of some similar companies in Japan.

The second part is the huge fixed assets in Xiangjiang, all of which are acquired by acquisition, the former Hutchison Whampoa, Hongkong Land and Evergrande Real Estate Company, which owns a large amount of land in Xiangjiang, involve a lot of industries, at present, these companies are not satisfied with the achievements in Xiangjiang, and have begun to expand outwards significantly, especially in the mainland, where a lot of infrastructure investment comes from Xiangjiang.

The third is the entertainment business led by Disney, and at the same time, it also includes a large number of comic business, TVB Group, and so on in Asia.

The scale of these assets may not be as good as the Sumitomo Foundation, but the future is very promising, and many Japanese consortiums are also interested in cooperating with Xu Zhi, but the other party's assets in Japan are not much, and the opportunities for cooperation are limited.

Xu Zhi said: "I want to use my Midea company as collateral to borrow money from Sumitomo Bank. ”

............

vertex