Xinchuang Real Estate is a wholly-owned subsidiary of Xinchuang Electronics Co., Ltd., with a registered capital of HK$200 million, and now it has increased its capital to more than HK$1 billion.

After keeping a low profile for a long time, this company was extremely active in 82~83, because the real estate players who were active in the past had no money or no courage.

Looking at the myth of Jianing Real Estate, the top five real estate companies in the market, it is assumed that ...... Without the collapse of Hong Kong's real estate and financial markets, it is possible that this scam could have been confirmed. However, the scam will not be able to see its true nature until the tide recedes.

Relatively speaking, the boss of the real estate industry, Hongkong Land, has also been exposed to a state of naked swimming during this time, with a debt scale of more than 10 billion Hong Kong dollars, and a record loss of 1.5 billion Hong Kong dollars in recent decades. It was also the punishment for its aggressive investments in the late 70s and early 80s. Originally, it was a conservative and cautious company, and it mainly held huge property assets to collect rents for a long time, although the short-term profits were not as good as those of the cutting-edge real estate developers who were so active in selling houses, but its victory lies in the trickle, and it can collect hundreds of millions of Hong Kong dollars in rent every year. With the development of Hong Kong's economy, even if it does nothing, the rent can increase dozens or even 100 times, however, this company watched Li Ka-shing, Bao Yugang and other Chinese business circles develop later than it, but one by one they showed that their profits surpassed Hongkong Land's posture...... The debt ratio was originally very low, and there was no need to borrow money to collect rent, but it became the debtor with the most debts in Hong Kong!

There are many other major real estate companies that have fallen into losses and bankruptcy. It can be said that the current world is the worst year for Hong Kong's real estate industry in recent decades. In this world, even if they did not lose money but were still profitable, Hutchison and Cheung Kong under Li Ka-shing also held their wallets and did not make a move.

"Boss, this is the company's current reserve ......of land and development projects," said Huang Youdao, general manager of New Venture Land, "In addition, Hang Lung Properties has proposed to transfer a batch of projects that they originally signed for 1.5 billion, and I don't know if they will take over." ”

"How much does it cost!" Lin Qi asked.

"300 million!" Huang Youdao said.

Lin Qi took a look at it, the location is better, not the land auctioned by the government this year is better, and the area that is already prosperous now will be more valuable in the future.

The land is not large, adding up to only 50 acres. However, the potential has been prepared, and the construction has been going on for more than two months.

"Why is Hang Lung willing to transfer 300 million yuan?" Lin Qi said in surprise.

"Because, continuing to do multiple projects, the capital chain is broken. Huang Youdao said with a smile, "And now it is difficult for real estate developers to find a bank to borrow money." Therefore, we can only cut meat and sell some projects, save other projects, and avoid greater losses. Of course, we will accept the final payment for the materials and projects, and we will probably owe more than 100 million yuan in debt! The total cost will be less than 450 million yuan! We will continue to invest in development, and we will need 200 million yuan!"

"Bought it!" Lin Qi didn't blink.

The new start-up company can take the initiative to borrow from the bank, not because of real estate, but because of the flow of the company's main business and the trust in Lin Qi's own vision.

Lin Qi doesn't need to brag about the mysterious background in the media, nor do he spread rumors about projects that are useless in the eyes of big banks.

During the myth of Jianing Real Estate, the banks where its funds flowed were not large banks, and these big banks couldn't figure out where Chen Songqing came from, so they ...... The earth-shattering sound did not defraud HSBC, Standard Chartered and Bank of China loans.

However, Lin Qi does not need to blow that his company's bank account and capital flow have proven its strength.

So. Banks are willing to add icing on the cake, even if the market environment is not good, they still take the initiative to increase the credit line for such a high-quality enterprise.

Even if he took the money to buy the bottom of the property, the major banks also felt that Lin Qi might have discovered gold mines that others did not find or dared not dig.

Borrow an umbrella on a sunny day and take it back before a rainy day.

This is a banking adage, and while it is a bit biased, banks should never pay for entrepreneurs' fraud. If you feel that it is unreliable, you must stay away, and you should never pay for a small probability of success, which is what venture capital does, not what banks do.

Bank loans can only earn a very small spread, and 10 percent of bad debts can bankrupt most banks.

Venture capital is the pursuit, it doesn't matter if 99 investments fail, as for one investment that earns 100 times, it can cover the deficit of the bankruptcy of the project that covers 99 investments.

Relatively speaking, Lin Qi prefers to cooperate with banks, because as long as the debt is repaid when due, he is confident that he can earn more money than the principal and interest of the loan. Lin Qi is confident that his company is the best in the world, and no company can be better than his company, and this confidence does not come from others, but from Lin Qi's confidence in himself, for the future parallel world that is decades ahead of this world.

Therefore, Lin Qi came up with a joke to pretend to be forced many years later - the most successful investment in my life may be to invest in myself......

Everyone else is modest and subtle, but Lin Qi has to do the opposite and come up with a way to pretend to be not modest at all.

……

Since October 1983, in addition to the profits from financial speculation, the company's main business has actually returned to the profit channel.

Pangu console continues to lose as much as $20 million in monthly hardware, but the number of console users has exceeded 4 million, and the huge sales profit of game software has made up for most of the hardware losses.

At the same time, the handheld platform Zhangyu 1st generation, with cumulative shipments exceeding 100 million. The frequency of handheld players changing games is not high, but after the handheld formed platform, the game cartridge sales market has provided a monthly profit of more than 300 million Hong Kong dollars.

In addition, the arcade business has also been successfully implemented as a platform, and the "Phoenix" arcade platform, which costs as much as 20,000 US dollars, has also achieved a total of 100,000 sales. Don't look at this inconspicuous sales, but after the formation of the platform, even if it is an arcade operator who spends $20,000 to buy a high-end machine, it will naturally not be stingy to spend $800 to update game software. It turns out that it takes about 2 years for the average game hall to update the game, which is roughly in line with the law of Moore's Law. However, the sellers of the Phoenix arcade platform, on average, will update the game every 4 months or so.

It is not because the quality of the games on the Phoenix platform is not good, on the contrary, it is precisely because there are too many games of good quality, and the arcade machine is expensive, so most of the bosses of the Phoenix platform have increased the number of coins. For ordinary game machines, players can put in coins once, but the operators of Phoenix Arcade can play with two coins in a conscientious way, while some of the more greedy ones are to increase the coin to five times.

However, in this way, Phoenix Arcade is an absolute high-end game in many game halls, and it is generally more people who watch it, and it is indeed relatively small to afford to play. It's because the player base is relatively small, so it's always the regular customers who go back and forth. No matter how classic a game is, it will make it less attractive if it doesn't change, which is why the game of this high-end machine is updated much more frequently than the average arcade machine.

Lin Qi carefully read the report of the company's main business, these businesses are honest, every growth is a need to pay a lot of wisdom and sweat, it seems that the money continues to enter the account, but in every field, it needs continuous investment, so as to keep up with the pace of scientific and technological development, a little slower, lose competitiveness, may be in the snap of a finger.

Compared with these technological and cultural creativity, real estate and finance are too simple to make money. The real estate markets in Hong Kong and the mainland in the future are really just how bold they are, and how much money they can make! After a few rounds of frenzied borrowing loans to develop and sell, the scale of assets has grown to a terrifying level, and moreover, it is worry-free and effort-saving! What kind of technical content is needed to build a house? In a country and region with such a large population, such rapid economic growth, and such a strong desire to buy a house, what is the technical content of selling real estate?

Even considering the capacity of the market, it is possible that in the next 40 years, the capacity of the real estate market will grow even faster and more than in the cultural and technological fields!

But after all, Lin Qi still did not choose to specialize in the opportunistic real estate and financial industry, this kind of business can be done, but it is definitely not the main business in the future, it can only be said to provide profits for the main business and subsidize the main business project.