Chapter 339: The "Tin House" Problem

In early August, Li Hualong had sold 25.97 million shares of Hutchison Whampoa, all of which were in the name of his family, and cashed out a total of HK$770 million, with an average price of nearly HK$30 per share.

In addition, Li Hualong also holds 150 million shares of Hutchison Whampoa, with a shareholding ratio of less than 37%, but he is still the largest shareholder of Hutchison Whampoa, because the company's shares are very dispersed, and he can hold these shares and have a firm grip on the company's board of directors.

Time flies, in the blink of an eye, two months have passed.

On the morning of October 6, after having breakfast at home, Li Hualong came to the living room, sat on the sofa, and chatted with his family.

"Abba, yesterday, the Hang Seng Index fell to the lowest point of the year - 1113.77 points." Li Shengrui said.

"I know, I knew it yesterday evening." Li Hualong smiled, "I feel that in the next two years, the Hong Kong property market is likely to fall, and the newly developed real estate of Greenland Company, as long as it is built, do some promotional activities and sell more." ”

"More than 100 units of Discovery Bay developed by Greenland on Lantau Island are about to be renovated and are preparing to place a large number of advertisements." Li Shengrui said, paused, and asked, "Abba, do you want to sell a rough house or an off-plan property?" ”

"No need, my real estate company hasn't sold off-plan for a long time." Li Hualong said lightly, "If I sell pre-sale properties now, the outside world will definitely think that I am bearish on the Hong Kong property market, and housing prices will fall sharply." As for selling rough houses, you can make your own ideas, now Greenland Company is your company, and you need to make ideas on how to operate. ”

"I'd like to hear more about you." Li Shengrui smiled and said, "Abba, in the next year, several of your real estate companies will launch a lot of new real estate, if the house price falls sharply, the loss is not small!" ”

"It is normal for house prices to fall and rise, and in the long run, there will be a lot of room for house prices to rise in Hong Kong. If in the next few years. Housing prices in Hong Kong have fallen sharply, and the market value of our properties will shrink, as long as we don't sell them, there will always be a day when they will rise back. The property market is not good. The price of the land will be cheaper, and other real estate developers will consider the risk and will not rush to buy the land, so that we can reserve more land at a lower price. ”

"Aaron. Do you ever feel like you're being too calculating? Li Yisong interjected and asked, with a teasing expression on his face.

"Is there one?" Li Hualong smiled slightly, "I don't think I'm too careful." The idiom of calculating means being overly concerned about things that don't matter. I'm a businessman and I want to make my company more money, which can't be considered an inconsequential thing. Abba, do you think I shouldn't be focusing on business right now? ”

"I said the wrong thing." Li Yisong smiled and shook his head, "I am ashamed of your vision and realm." ”

"Abba, I heard you. I'm in a daze! Li Hualong joked.

"The title of the richest man in the world is not boasted." Li Yisong said proudly that he was proud of his three sons.

In the past 30 years, Li Hualong has done a lot of good deeds in Hong Kong, and at the same time, he has achieved great success in business. It's all that makes him proud.

Li Hualong always wanted to reduce his working hours and stay at home more with his family, but he was not an easy person to let go, and he chatted with his family for more than half an hour. He went out to work.

Li Hualong knew that in a few days, after the British Government and the Communist Party of China Government started negotiations on the Hong Kong issue, Hong Kong's economy would be greatly affected and there would be turmoil, and he did not intend to rely on his own efforts to let Hong Kong's economy smoothly get through the turbulent period. He will be prepared to reap the benefits of this crisis.

While thinking about making money, Li Hualong also thought about how to spend money and how to solve some problems in Hong Kong, such as the "small house" problem.

In the early 70s, when the Hong Kong government planned to develop the New Territories, in order to gain the support of the indigenous residents of the New Territories, the "Small House Policy" implemented by the Government in December 1972 stipulated that male indigenous villagers of Hong Kong who had reached the age of 18 and whose paternal line originated from the 1890s recognised village residents in the New Territories could apply once in their lifetime to build a three-storey (27 ft/8.23 m high) small house with an area of not more than 700 sq ft per floor within the approved area, without paying land premium to the Government.

At the same time, the Government has also set up a "Restriction on Sale and Sale of Conveyance" clauses, which stipulate that indigenous villagers who own small houses who wish to sell and transfer their small houses to non-indigenous villagers must apply to the Government for land premium and obtain the written consent of the Land Officer before proceeding. The land on which the small houses are built is usually a village or agricultural land located in the New Territories or outlying islands. According to the Heung Yee Kuk estimates in the New Territories, there are 240,000 male indigenous villagers who have the right to apply for small houses.

The Rating Ordinance was enacted in 1973 to exempt houses within the village limits, including small houses, from paying rates.

Li Hualong knew that after Hong Kong's return to the motherland, the "small house" problem plagued the Hong Kong government, and with the economic development of Hong Kong and the increasing population, the Hong Kong government needed to bear a heavy financial burden if it wanted to provide enough land for the original residents of the New Territories to build "small houses".

Li Hualong thought that during the negotiations between Britain and the Chinese Communist Party, Hong Kong's economy was in turmoil, and he proposed to the Hong Kong government an economic support plan to help the indigenous residents of the New Territories.

Not to mention the listed companies in Hong Kong, Li Hualong knows that the stocks of many listed companies in the United States are worth investing in in the future, and the average annual return on investment will definitely exceed 15 percent if he establishes an investment company and invests in the stocks of many companies.

Although Hong Kong people are keen to buy a house, few people can guarantee that they can invest in buying a house and can get an average annual return of more than 10 percent, not to mention that many Hong Kong people are willing to deposit their money in the bank and "eat" the interest.

In order to make the indigenous residents of the New Territories give up their rights to the "small house" and that of their descendants, Li Hualong has thought of a lot of ways.

One way to do this is for Li Hualong's Allianz Insurance Company to formulate an insurance business specifically for the indigenous residents of the New Territories, so that the indigenous residents of the New Territories can take out insurance if they can, and ensure that the policyholder can get a rate of return of 10 percent or even more than 10 percent every year, and there is a maximum limit on the amount insured, as well as a time limit.

As for what is the maximum amount of insurance and how many years it cannot be exceeded, Li Hualong has not yet thought about it, he thinks that as long as this annual rate of return is higher than the interest rate of bank loans, the maximum amount is high enough, and the term is long enough, it must be very attractive.

Even if the indigenous residents of the New Territories do not have any money in their hands, they can get some money from it every year by taking out loans from banks.

Li Hualong took into account that in the future, Hong Kong's housing prices will continue to rise, and the original residents of the New Territories must have houses, even if they have no money to buy a house, as long as they are willing to give up the right to "small houses", he is willing to provide a guarantee to help them buy a house with zero down payment, he thinks that it is more suitable for a family to buy two small houses, one for their own living, one for rent, as long as they have a little savings in their hands, as housing prices and rents continue to rise, in a few years, the rent of one house is enough for the loan of two houses.

Of course, Li Hualong knew very well in his heart that if he did not get the support of the Hong Kong government, it would be impossible for him to solve the "small house" problem, and even if he asked the original residents of the New Territories to sign and receive the consent form to renounce the right to "small house", the Hong Kong government did not agree, and the Hong Kong government still gave them the right to build a small house, then he would have done useless work.

Li Hualong believes that he has always gotten along very well with the Hong Kong government over the years, and he supports most of the Hong Kong government's policies, and even if he has opinions on some policies, he will privately propose them to the Hong Kong governor, instead of making a big deal in the media, so that the Hong Kong government will not come to Taiwan.

Anyone who can become the governor of Hong Kong is not a fool, they all know Li Hualong's influence in Hong Kong, and if Li Hualong's company withdraws its investment in Hong Kong and expresses serious disapproval of Hong Kong's economy, then Hong Kong's economy will definitely have big problems.

He hoped that during the negotiations between Britain and the Communist Party of China, Hong Kong's property market would fall into a downturn, and the Hong Kong government would be able to take out more land for public auction, and he believed that he could be as optimistic about the prospects of the Hong Kong property market as he was, and there were very few people with large sums of money in his hands, and in the process of land auction, he would not meet strong opponents, and the cost of land acquisition would be very low.

Li Hualong clearly remembers that after Britain and the Communist Party of China talked about the issue of Hong Kong's return to the motherland and signed an agreement, before Hong Kong's return to the motherland, the Hong Kong government put up very little land for auction every year, and the supply of land decreased, resulting in a continuous rise in land prices and housing prices.

Li Hualong will not easily give up the opportunity to make money, he feels that only the more money he makes, the more money he will use for charity, which is conducive to narrowing the gap between the rich and the poor in Hong Kong.

Now, the Evergrande company founded by Li Yisong is a wholly-owned subsidiary of the Li Yisong Father and Son Foundation.

By the end of September 1981, the Li Yisong & Sons Foundation owned more than 7,000 houses, of which more than 3,000 were low-rent houses, and the vast majority of the tenants who rented low-rent houses were poor people who paid very low rents.

The Hong Kong government appreciated the philanthropy of the Li Yat-song & Sons Foundation, and as early as three years ago, the Hong Kong government exempted the low-rent housing of the Li Yat-song & Sons Foundation from the poor, and the Hong Kong government set a ceiling on the rent of low-rent housing that could not exceed 60 percent of the market value.

Half of the tenants pay 60% of the market rent, the other half pay a lower rent, and a small part of the rent only pays some symbolic rent. (To be continued.) )

PS:…… Just a hint...... I don't know if it's my mobile phone problem, or everyone generally has this problem, when the mobile phone subscription, the subscription can't be successful, but I found a solution to the problem...... Click on Jian in the lower right corner, you can see the "Catalog", at the top of this section, you can see the "Download" Jian, click it, you can select the chapter you want to subscribe to and download.