On March 15, Hongkong Land held a general meeting of shareholders, at which Li Hualong made a speech and answered questions from several minority shareholders and reporters.

During the Q&A session, a small shareholder who is interested in the property market asked: "Chairman Li, housing prices have fallen a lot in the past two years, when do you think housing prices will pick up?" ”

"It's a hard question to answer." "If you ask me if housing in Hong Kong is worth buying right now, I'll tell you that it's worth buying in the long run." As for when your house price will rise, I am not a god and cannot make an accurate prediction. Hong Kong house prices may continue to fall in the next year or two, but I believe that in two years, Hong Kong house prices will rebound sharply. ”

"Mr. Li, before, you promised that United Land, which is now Swire Land, promised to buy shares in this company for nine years. Now that you are the controlling shareholder of Hongkong Land, will you have a similar commitment? ”

Li Hualong smiled, picked up the Red Bull drink and took a sip, and replied with a smile: "This question is very sharp." Yesterday, Hongkong Land's closing price was HK$3.1, at which the market capitalisation of Hongkong Land was HK$9.92 billion, less than HK$10 billion. Hehe, if I say that ten years later, on April 1, 1993, Hongkong Land will be able to exceed 50 billion Hong Kong dollars, do you believe it? ”

"You promise that in ten years, the market value of Hongkong Land can reach 50 billion Hong Kong dollars, if it can't be reached, you are willing to pay less than the difference, then I believe it." The middle-aged man who asked the question just now smiled.

"It's not that hard." Li Hualong pondered for a moment, "If all shareholders agree that within ten years, Hongkong Land will not pay dividends or give away shares every year, I can guarantee that after ten years, Hongkong Land's share price will exceed HK$18." ”

"I agree not to pay dividends and give away shares!"

"Chairman, I support you!

Many minority shareholders have spoken out in support of Li Hualong.

"Since so many people are in favor of not paying dividends, don't think that you will be able to get dividends from Hongkong Land within ten years in the future. In addition, Hongkong Land may issue new shares in the future, as well as bonds. No matter what. On 1 April 1994, I will fully acquire Hongkong Land's shares at a price of HK$18 per share. ”

Li Hualong drank the Red Bull drink, moistened his throat, and continued: "The matter of the stock price. Let's talk about it first......" he said, gesturing to a woman in her twenties, "That long-haired beauty, you come to ask a question." ”

"Mr. Li, I adore you so much." The woman said excitedly.

"I know a lot of people adore me, you don't have to tell me about it. If you don't have a problem. Please sit down. Li Hualong smiled.

"Now many media call you 'Li Bancheng', saying that the top ten families in Hong Kong with the most assets are your family, and the assets of the next nine families are not as much as your family, and some media think that you made a fortune by speculating in real estate, what do you think about this?"

"Are you a journalist?" Li Hualong asked rhetorically.

"Yes. I'm a reporter for Ta Kung Pao. ”

"I don't usually answer this question. I'm in a good mood today, so I'll defend myself a few words. ”

Li Hualong smiled slightly and continued: "At the beginning of 1949, I founded a real estate company in Hong Kong. At that time, my family was still in the magic capital, and my family was waiting for me to go to the magic capital for the New Year. That year, I didn't go back to the magic capital for the first year, and soon after, my family came to Hong Kong from the magic capital. For some, 1949 was a time of turmoil, but for me, it would not be an exaggeration to say that it was a golden age. In the years that followed, Hong Kong's population exploded. The demand for housing has increased, and I have run a real estate company and made a lot of profits, especially with the use of strata units. and the sale of uncompleted properties. As soon as the real estate company started, I created "Ming Pao", and then created Huayi Brothers Film Group, "Ming Pao" did not make much money for me in the first few years, but the profit of the film company has always been quite high. Hong Kong people love the movies made by this company, and I'm very happy. I am even happier to be able to sell the film overseas, and it can be regarded as earning back foreign exchange for Hong Kong. Later, I invested in several hotels. In the beginning, developing homes was my main source of income, and I didn't feel like I was making ill-gotten gains, and many people bought the houses I opened and had their own homes. In six or seven years, Hong Kong's property prices and land prices plummeted, and the stock market also plummeted, and at that time, I bought a lot of old houses, a lot of land, and some stocks. A few years later, I estimated that it was more profitable to invest in buying and selling stocks at that time. Almost 10 years ago, before the oil crisis, I thought the price of gold was going to rise, so I invested in some gold, and as the price of gold kept rising, I cashed out and made a huge profit. In addition, I invested in Japanese companies such as SONY, Apple and Nike, all of which were aimed at making huge profits. I'm proud to say that I've made a lot of money back from overseas. Buying land and building a house, the development period is longer, and you can get several times the profit, compared to investing in gold futures, the profit from developing real estate is really not ......"

Li Hualong said and smiled, took a sip of his drink, was silent for a while, and said with a wry smile: "I don't know what I said." I don't recommend, no, I oppose ordinary people investing in gold futures, successful, the profit is very high, the failure is very large, in the case of market volatility, hundreds of thousands of Hong Kong dollars may be invested in the futures market today, and the next day, all lost. I'm a man...... Talking too much, just asked me, some media think that I made a fortune by speculating in real estate, and ask me what I think. I really don't think much that if I wasn't in real estate, I could have been rich, I've had success writing novels, I've been successful running a newspaper and running a film company, and I've had a successful toy company. Speaking of which, I want to say a few words to those who are keen on speculating in stocks and houses, stocks are not for speculation, they are for investment, there is an essential difference between investing in stocks and speculating in stocks, optimistic about a stock with only appreciation potential, buying long-term holding, this is investment, and people who speculate in stocks are looking forward to the stocks in their hands skyrocketing in the short term, which is very bad. Buying a house for self-occupation or buying a house for rent, this is all investment, which is worth advocating, and speculating on pre-sale properties is not worth advocating. ”

Li Hualong paused for a moment, smiled slightly, and continued: "I said a lot of nonsense just now, I hope you don't mind." As the old saying goes, investment is risky, and you need to be cautious when entering the market. I will do my best to do what I promised, but don't fully believe what I say, maybe, one day I will go bankrupt, I will want to fulfill my promise first, and I will not be able to do it. Promises made to you, especially when it comes to money, hold on to your pockets, there will be no pie in the sky, think twice. ”

"Next question." Li Hualong said, a moment later, he saw a lot of people raising their hands, and this time, he asked a fat man to ask a question.

"Mr. Li, is it true that the newspaper says that your IQ is higher than that of Einstein?"

"This ......" Li Hualong laughed, "Einstein is a great scientist, my IQ is not as high as his, maybe my EQ is better than him." Hehe, do you know what emotional intelligence is?

"Haven't heard of it. Can you explain? ”

"Yes." Li Hualong smiled, "There is an obvious innate difference in IQ, some children are very smart from a young age, and if they are trained well, they can become scientists, while some children may have bad grades, but they have their own advantages." For example, two young people who look similar and come from similar backgrounds, a financial analyst who graduated from a prestigious university and a store salesperson with only a primary school education, chase a girl together, and the girl may feel bored with a financial analyst with a much higher income, but the store salesperson with a primary school education wins her heart. When I use this analogy, I don't mean that financial analysts are not humorous and not professionally discriminatory. I think the pursuit of girls is not IQ, but emotional intelligence. For example, I invented the Rubik's Cube, and for some people, the principle of the Rubik's Cube is not complicated, and they even thought of it, but they didn't think that the Rubik's Cube would become a popular toy. When I was designing and manufacturing the Rubik's Cube, I thought that this toy would win a lot of people's affection, that I could apply for a patent, and that I would make money from it. I know that the reason why people think that my IQ is very good is because I have been successful in some fields, so I say that writing movie scripts, movies are made for the audience, not attracting audiences, and before writing scripts, I will think about what type of movies the audience likes to watch, empathize, and think about other people's minds. Generally speaking, there is no obvious innate difference in emotional intelligence between people, and it is more closely related to the cultivation of nurture......" (To be continued. )