Chapter 109: Various Preparations
After dinner at the hotel and seeing off the Beatles members, Li Hualong, Li Huahu and Li Shengquan continued to stay in the box to chat.
Li Huahu said: "Third brother, let's not cross the sea tonight and stay in a hotel." ”
"Okay." Li Hualong nodded and said, "Tomorrow, I have to go to the movie city." ”
"Third uncle, the movie made by your film company hasn't set a new box office record for a long time, right?" Li Shengquan asked.
Li Hualong was slightly stunned and said with a smile: "Yes." Sheng Quan, are you interested in making movies? ”
"I'm not interested in making movies, but I'm interested in good movies." Li Shengquan said with a smile.
"Interested in movie stars?" Li Huahu asked with a smile.
"I'm not interested, I'm someone who has a girlfriend!" Li Shengquan smiled and said, "Fourth uncle, what about you, I remember that you and the fourth aunt are very affectionate." ”
"Aren't your third uncle and your three aunts affectionate?" Li Huahu asked rhetorically.
Li Shengquan smiled and didn't answer, he felt that the fourth uncle's words were too level.
"Sheng Quan, don't pay attention to your fourth uncle, people who are single-minded are happier." Li Hualong smiled bitterly.
"Third brother, how do I feel, you are cheap, and you are still good!" Li Huahu quipped.
"Boring!" Li Hualong glanced at Li Huahu.
"Third uncle, the 11th Asian Film Festival is held in T Bay, Lu Yuntao of the international film industry, Run Run Run Shaw of the Shaw Brothers, they have all gone to Taiwan, why don't you go?" Li Shengquan asked curiously.
"yes, why don't you go?" Li Huahu also asked curiously.
"I've got so much to do." Li Hualong said lightly, put down the wine glass, and stood up, "I'm a little tired today, I want to go to bed early." ”
Since Lu Yuntao came to Hong Kong to run a film company, Li Hualong remembered that this person later participated in a movie-related event held in T Bay, and was blown up by a plane, and this person went to Huangquan with his fellow flight personnel.
Last year, Li Hualong learned that T North won the news of the 11th Asian Film Festival, and he speculated that Lu Yuntao might have died only when he went to T Bay to participate in the film festival, and he did not want to change the fate of Lu Yuntao and others, but he did not want people related to him to be killed in this plane accident.
Li Hualong still asked Huayi Brothers Pictures to send people to participate in the Asian Film Festival, but none of the people sent this time were important roles, and he asked not to be on the same plane with Lu Yuntao to avoid potential dangers.
A few days later, the 11th Asian Film Festival came to a successful conclusion.
After the closing of the film festival, representatives of Huayi Brothers Pictures, Lu Yuntao, Run Run Shaw and Qiu Degen's wife Qiu Jinqiu were received by Jiang Guangtou and his wife Song Meiren, who insisted on going to Wufeng Township, T Zhong County to visit the national treasure of the Wufeng Forbidden City.
Before the representative of Huayi Brothers Film Company went to Taichung, he called back to Hong Kong, and when Li Hualong learned of this, he was very unkind and did not agree, and asked them to return to Hong Kong as much as possible.
On June 20, Lu Yuntao and some other representatives of the Asian Film Festival reached the B908 round-the-island flight of the Civil Air Transport Company from T North to Taichung, and originally planned to visit the national treasure of the Wufeng Forbidden City in Wufeng Township, T Central County, but the plane crashed and died on the way. According to later reports, the plane was hijacked on the way from T North to T Middle, and crashed into the ground and blown up in a rice field in Sancun Village, Shengang Township, T Central County. All 57 passengers, including 20 foreign passengers and crew, were killed. Because of the bad relations between the state and the government at that time, the government concealed the truth about the hijacking, and it was not reported until many years later.
The death of Lu Yuntao and his wife caused great shock in Hong Kong and Taiwan, and the Golden Bull Award was suspended at the end of the year.
Under the operation of Li Hualong, Hong Kong launched the Golden Horse Award in advance, and in 1962, in order to promote the development of the film industry on the island and encourage excellent Chinese films and outstanding film workers, the Golden Bull Award was organized by the Information Bureau. As for how the word "Golden Bull" came about, Li Hualong is not very clear, but it is in line with the trend of the world's major film festivals to call for "golden signboards".
Li Hualong has dealt with Lu Yuntao several times, and has also seen several excellent works invested and filmed by Lu Yuntao's International Film Industry Company, he feels that Lu Yuntao is a successful film company boss, and he admires this person, despite this, he knows that Lu Yuntao is likely to encounter accidents due to flying, but he doesn't want to change anything, and he doesn't know how to change.
Hearing the news of Lu Yuntao's death, Li Hualong did not gloat, he was in a bad mood, he felt that Lu Yuntao's existence was beneficial to the development of the Hong Kong film industry, but he quickly adjusted his feelings.
In the summer of 1964, Li Hualong was particularly busy, and a number of residential buildings developed by his Hualong Real Estate Company were opened, and he was ready to sell them all out, without leaving a single set for rent collection, and even threw the residences and shops that had been used for rent collection for a long time to the market for sale.
Li Hualong does not have a large project that requires a lot of money for the time being, and the reason why he actively returns funds is for long-term consideration.
Li Hualong clearly remembers that next year (1965), a number of Chinese-funded banks in Hong Kong will run on the crisis, after that, Hong Kong real estate fell into a downturn, after a year, the Hong Kong real estate market rebounded slightly, but it didn't take long, by six or seven years of Z faction = riot-, Hong Kong property market plummeted again, and this time the decline in housing prices is far greater than the decline brought by the run on Chinese banks, many rich businessmen sell their properties like selling cabbage, fleeing Hong Kong.
Of course, business opportunities and crises coexist, some people sell their properties in a crisis to cash out, and those who have the courage and foresight choose to buy dips, as the real estate market warms up and heats up, many people who buy dips have made huge profits.
As early as the beginning of his rebirth, Li Hualong wanted to take advantage of the six-five-year Chinese-funded bank run crisis and the six-seven-year riot crisis to make money, at that time, he thought that before the New Year's Day of the six-five year, his worth reached hundreds of millions of Hong Kong dollars, and he now has a proper worth of hundreds of millions.
Li Hualong is ready to sell a large amount of property in his hands for cash before the crisis comes, and when he has a large amount of capital reserves in his hands, he can wait for the crisis to come.
Housing prices and land prices have plummeted, and Li Hualong will take advantage of the dip, and when the crisis passes, his assets can grow exponentially.
Li Hualong did not feel that there was anything wrong with buying low and selling high to make money, Hong Kong is now a society where the law of the jungle eats the strong, and most of the people who make money sometimes compete with foreigners for food, especially when there was a riot in Hong Kong in six or seven years, the vast majority of people who will choose to sell their properties and leave Hong Kong are considered rich, and a large part of these people are foreigners.
Li Hualong predicted that after the riots in Hong Kong in six or seven years, what will happen to Hong Kong's economy, many people want to sell their properties and leave Hong Kong, but there are too few buyers, if he has enough funds to buy a large number of properties, he may raise the transaction price, but the transaction price must be much lower than the price before the riots, after he buys, he can get a huge profit if he holds it for two years.
Of course, in addition to buying a large number of properties during the downturn in the real estate market, Li Hualong also thought of other ways to make money.
Li Hualong continued to sell his property to cash out, and the funds in his hands were abundant, and he began to gradually reduce the debt ratio of several wholly-owned companies under his control, after all, the deposit interest rate is lower than the loan interest rate, and it is better to repay the loan in advance than to deposit the money in the bank.
In addition to selling his property to cash out, Li Hualong also persuaded his father and two brothers, Li Huawen and Li Huahu, to sell some properties and reduce their debt ratio.