After a reporter from Ta Kung Pao was allowed, he stood up and asked: "Xu Sheng, according to the information from the United States, all the funds for your acquisition of Disney came from loans from Standard Chartered Bank and Citibank, so may I ask whether the 20 billion Hong Kong dollars investment plan you have decided now also comes from bank financing loans."

If so, will this increase the debt ratio of your companies?

Also, a year ago, Evergrande announced its investment plan for Tin Shui Wai, with a total investment of up to 20 billion Hong Kong dollars.

Thank you!"

At present, the problem of debt has become a nightmare for all listed companies and shareholders, and the four major economic pillars of Xiangjiang, in addition to scattered industry, the other three real estate, finance and shipping are plagued by huge debts.

Among the real estate companies, the giant Land has a total debt of HK$18 billion, with a debt ratio of 70%, making it the largest debt company in Hong Kong and dubbed the "debt king" by the media.

Among other established real estate companies, Carnival Real Estate suffered serious losses due to its once aggressive expansion, and its debt scale erupted into a financial crisis, and its founder Peng Guozhen died in March this year, and the company was liquidated and bankrupt.

Others, such as Hang Lung Properties Group (not Hang Lung Bank, which has no relationship with each other) won the property development rights of 9 subway stations in one go in 82, only to encounter a sharp drop in land prices, losing more than 1 billion Hong Kong dollars, and are still arguing with the Hong Kong government for "making up land prices".

There are many similar real estate companies of this kind, such as Great Eagle Group and Jianing Group, all of which are in trouble because of the huge debts they once had.

In the financial sector, in addition to Hang Lung Bank, which was acquired by the Bank of East Asia, two smaller banks in Hong Kong went bankrupt, and in order to prevent a domino effect, the Hong Kong government took over the two banks in a timely manner with the Exchange Fund and assumed all deposit obligations.

As for shipping, except for Bao Yugang, who had begun to abandon the ship and land a few years earlier, several other ship kings were caught off guard by the world's ship disaster. Even Wheelock, one of the four major British-owned foreign banks, was forced to reduce its ships to reduce its debt.

At this moment, Xu Zhi announced an investment plan of up to 20 billion Hong Kong dollars, which naturally aroused the concern of all the following reporters, you know, the so-called economic problem is that the land price is too low, if there is a 20 billion Hong Kong dollars in the market, then it is very likely to cause a certain degree of rise in housing prices in the entire Xiangjiang.

Once the land price rises, then the relevant real estate companies will temporarily get out of the predicament, and the financial industry will also benefit.

However, those present are also concerned about whether Xu Zhi's 20 billion Hong Kong dollars investment this time is also a financial loan, which is extremely important and will also attract a lot of attention, if so, such a large loan scale will inevitably affect the loan policies of all large banks in Xiangjiang, and at the same time, if the real estate market is in a downturn for a long time, then such a large loan, once there is a problem, it will be a disaster for the entire Xiangjiang.

Xu Zhi replied: "The main investment direction of this HK$20 billion investment plan is the construction industry, but the investment place is not in Tin Shui Wai, but in Central and the Kowloon Peninsula area.

The investment and development of Tin Shui Wai has long had a complete plan, and it is investing step by step according to the plan, which has nothing to do with the 20 billion investment.

As for the issue of debt, I can clearly tell you that the whole project will inevitably be financed through banks, but the problem of debt ratio will be properly controlled, and there will be no financial risks.

It just so happens that all media friends are here, and I have one more important news about Hutchison Whampoa to announce:

Two years ago, Hutchison Whampoa raised a total of 3 billion Hong Kong dollars in the stock market, and at the exchange rate at the time, a total of 580 million US dollars was exchanged, all of which was invested in the industrial giant General Electric Company in the United States.

At that time, GE had a total market capitalization of almost $14 billion, and today, that number is $30 billion!"

"Buzz ......" The reporters below immediately whispered to each other to discuss.

Xu Zhi looked at the group of people below, paused for a while, and then said: "The shares of GE held by Hutchison will be gradually cashed out in the next six months, and all the funds will be transferred back to Xiangjiang for the next large-scale investment." ”

Some time ago in the United States, Xu Zhi's main focus was on the acquisition of Disney, and after the acquisition was completed, Xu Zhi also contacted General Electric CEO Jack Welch and informed him that Hutchison would sell his shares.

GE's stock rally has actually just begun, and it will continue into 1999, and if it continues to hold, it will also benefit a lot in the future. But at this moment, Xiangjiang is in the best period of large-scale investment, the simplest real estate investment, the return rate in the next 15 years will not be lower than GE shares, if coupled with the leveraged financing effect of real estate, the income will far exceed the direct investment in GE, not to mention, in addition to the appreciation of the property, the annual rent is also a lot of income.

At the venue, as soon as Xu Zhi finished speaking, a reporter immediately asked: "Xu Sheng, Hutchison made $600 million in this investment?"

The security guard glared fiercely at the questioner who broke the rules, but saw that there was no movement on it, so he didn't ask again.

Xu Zhi shook his head and said: "Not so much, but also after deducting the profit tax of the U.S. stock market, it is estimated that the final profit is almost only 500 million US dollars." ”

......

"Only $500 million!"

At the venue, many people almost touched out a mouthful of old blood, what does it mean to "only" 500 million US dollars?

What is the concept of "$500 million"?

At the current exchange rate, US$500 million is worth at least HK$2.5 billion, while HSBC, the quasi-central bank of Hong Kong, made a net profit of only HK$2.3 billion last year.

It is unbelievable that an overseas investment can earn a year's profit from the Xiangjiang Tu Emperor.

"$500 million, that's a fraction. Xu Zhi smiled secretly in his heart, as long as another month passes, there will be a currency crisis in Xiangjiang, and the exchange rate of the Hong Kong dollar against the US dollar will fall sharply, and the exchange rate will change from 5:1 to 7.8:1.

At that time, even if he does nothing, the $1.1 billion in his hands will change from HK$5.5 billion to HK$8.58 billion, making a net profit of HK$3 billion out of thin air.

This is the charm of finance, in the case of knowing the future, it is impossible for all industries to compare with the profits of finance.

Xu Zhi continued: "After these funds return to Xiangjiang, they will be invested in various construction projects that are established, so this 20 billion Hong Kong dollars is a solid investment plan, and I also hope that through this investment, we can recover the economic losses of Xiangjiang during this period, and at the same time can also create a large number of employment opportunities and help ordinary people tide over this difficulty together!"

A reporter from Oriental Daily asked: "Xu Sheng, I don't know when your 20 billion investment this time officially started?"

Xu Zhidao: "It's not that I want to keep this secret, but we don't know at the moment, except for the Times Square project, other headquarters construction and Hutchison's large-scale investment will need to be negotiated with the Hong Kong government, and the follow-up plan will only be announced after the negotiations are completed." ”

The land in Times Square is one of the returns that Xu Zhi obtained for helping Bao Yugang get Wharf three years ago, when Xu Zhi bought this land at a price of 300 million Hong Kong dollars, which can be said to be an absolute preferential price, even in the current real estate crisis, this land is worth at least 800 million Hong Kong dollars.

The original land attribute of this land was commercial land, and it only needs to be applied to the Hong Kong government once to directly build a commercial plaza and office building.

According to Xu Zhi's plan, these buildings will be built on the land of an industrial land, and according to the law, the conversion of industrial land into commercial land needs to be supplemented, and the amount of this cost has also become the focus of the dispute between Midea and other companies and the Hong Kong government, which has not yet been resolved.