Chapter 195: Business Opportunities and Crises
The day after the listing of Hang Seng Bank, Li Hualong did not go to work at the bank's headquarters, and Hang Seng Bank did not hold a board meeting, but Hang Seng Bank published a public announcement in Ming Pao that from now on, Li Hualong served as the chairman of the board of directors of Hang Seng Bank and announced the list of other ten directors.
A few days later, Li Hualong saw a piece of news in the newspaper about the economy of the United States, in which President Richard Nixon announced on August 15 the implementation of the "New Economic Policy", which would stop trading against the US dollar of non-reserve currency countries at the price of $35 per ounce, as well as other economic policy adjustments.
Seeing this news, Li Hualong thought for a while, and said secretly in his heart: "It seems that the Bretton Woods system is going to collapse, the dollar is going to depreciate, and the international gold price is going to rise. If the pound depreciates, the Hong Kong dollar, which is pegged to the pound, will definitely depreciate. Two years later, in mid-October 1973, the global oil crisis would erupt and oil prices would soar, and the price of gold would probably rise as well...... You can consider investing in gold, Alibaba Group can reserve some gold, and Hang Seng Bank can invest hundreds of millions of Hong Kong dollars to reserve gold. ”
Li Hualong clearly remembers that in the late 70s, the international gold price rose sharply, and he had long planned to invest a large amount of money to buy gold at that time.
Thinking that he could make huge profits by investing in gold in the future, a smile appeared on the corner of Li Hualong's mouth.
Li Yisong, who happened to be reading the newspaper, saw the expression on Li Hualong's face, and asked with a smile: "What good news do you see?" ”
Li Hualong smiled and said, "I found an opportunity to make money." ”
"A business opportunity, or a crisis." Li Yisong said lightly, and then lowered his head to read the newspaper.
Li Hualong was stunned for a moment when he heard this, thought deeply, and thought: "If the United States wants to implement a real economic policy, the dollar will definitely depreciate, and the dollar will be used to denominate it." Gold will rise, the dollar will weaken, and the pound will likely strengthen...... Even if in a short period of time, investment to buy gold, there is no high profit, when the global oil crisis breaks out, the price of gold will definitely rise sharply, more than two years, the investment income will not be less than 25%, Hang Seng Bank investment to buy gold. The rate of return is higher than lending money out and charging interest. ”
A few days later, on August 22, Li Hualong came to work at Hang Seng Bank and attended a high-level meeting.
Before the listing of Hang Seng Bank, Li Huawen resigned as a director of Hang Seng Bank, and Li Hualong recommended Li Huahu to replace him.
Li Yisong, Li Huahu and Bao Yunshan are all directors of Hang Seng Bank and are considered senior executives of the bank, but they rarely come to work at Hang Seng Bank. Even the board of directors, they rarely come, they don't get paid at Hang Seng Bank, or else. There will certainly be shareholders who will express their displeasure with the three of them.
Li Hualong appointed Li Yisong, Li Huahu and Bao Yunshan as directors of Hang Seng Bank, and when they did not sit on the board of directors, Li Hualong could completely replace them in exercising their voting rights, plus the voting rights in Zhao Wende's hands. He has five votes.
Although, Li Hualong is the absolute controlling shareholder of Hang Seng Bank, but. He did not want the board of directors of Hang Seng Bank to become his word for it, and he did not ask for a reshuffle of the board of directors of Hang Seng Bank, believing that as long as he considered the interests of Hang Seng Bank, he was on the same side as the other boards of directors in many matters.
After chatting about work for a while, Li Hualong asked: "Everyone has heard about the fact that the United States stopped exchanging the US dollar from non-reserve currency countries at a price of 35 US dollars per ounce, right?" ”
"I've seen it in the newspapers. The other day, at a high-level meeting, this matter was discussed. He Shanheng paused and said with a smile, "Hualong, do you think the international gold price will rise?" ”
Li Hualong is the chairman of the board of directors of Hang Seng Bank, and he thinks that he can be regarded as a senior executive of Hang Seng Bank, but he cannot guarantee to work six days a week, so many times, when Hang Seng Bank holds a high-level meeting, Li Hualong may not attend, and a copy of the meeting minutes will be left to him.
"It's definitely going to go up. After the derailment of the dollar and gold prices, the dollar will definitely depreciate, the pound is likely to depreciate, and the Hong Kong dollar and the pound will naturally depreciate. I set up Hang Seng Bank to invest in some gold, and if the price of gold goes up, we can make a good profit from it, and the probability of the price of gold falling is extremely low, and I don't think we should miss this great opportunity. ”
At the moment, the Hong Kong dollar is pegged to the British pound, and the British pound is worth 14.55 Hong Kong dollars.
"I also agree to invest in gold, how much to invest, we can discuss." He Shanheng said.
After some discussion, the senior management of Hang Seng Bank voted to agree that within the next half month, Hang Seng Bank will spend 200 million Hong Kong dollars to buy gold.
"Chairman, are you personally ready to invest in gold?" He Shanheng asked with a smile.
"Huh!" Li Hualong smiled, "My Alibaba Group will reserve some gold, uh, may invest about 100 million Hong Kong dollars, as for me personally, there are other companies under my umbrella that have no plans to invest in gold for the time being." ”
Since Li Hualong served as the chairman of Hang Seng Bank, He Shanheng and other senior executives of Hang Seng Bank have changed their names to him, as long as they are on formal occasions, they will call Li Hualong "chairman".
In fact, some employees of Mr. Li's other companies have long referred to him as "chairman."
"What do you think is the least risky and most profitable project to invest in right now?" He Hengshan said in a joking tone.
"Uncle He, do you have spare money and can't find a good investment project?" Li Hualong asked with a smile.
"That's right."
"How much money?" Li Hualong asked seriously.
"Are you really going to find me a good investment project?" He Shanheng asked with a smile.
"Let's start with a number." Li Hualong smiled.
He Hengshan hesitated for a moment and said, "One million Hong Kong dollars." ”
"Investment is risky, and many times, investment profits are inversely proportional to risks." Li Hualong smiled slightly, "Uncle He, are you going to invest in the long term, or in the short term, and tell me how much profit you hope to get, and tell me in detail, so that I can recommend the corresponding investment projects to you." ”
"Long-term investment, you can invest for more than ten years, the risk is smaller, as for the profit, it must not be lower than the deposit interest rate, it is best to be greater than the loan interest rate."
"Uh......" Li Hualong pondered for a moment and said with a smile, "Uncle He, otherwise, if you lend me one million Hong Kong dollars, ten years later, I will give you back five million, with an average annual return on investment of more than 15 percent and less than 16 percent...... Hehe, do you think it's okay? ”
"You're sending me money to spend." He Hengshan smiled and shook his head, "Now that Hang Seng Bank is listed, I am short of money to spend, and I can sell my stocks to cash out, so I won't trouble you, I was joking just now." ”
"Uncle Ho, I estimate that within 10 years, Hang Seng Bank's stock is likely to rise more than fourfold. It may not be cost-effective to sell stocks for other investments. ”
"Hearing you say that, then I definitely won't sell Hang Seng Bank shares to cash out for other investments."
"As I said just now, it is very likely, not certainly, that in ten years, the stock price of Hang Seng Bank will not rise fourfold." Li Hualong joked, "Uncle He, you, and everyone here, you can hear clearly, but don't settle accounts with me because my prediction is inaccurate." ”
"No, I'm not old yet." He Hengshan smiled and said, "Ah Long, have you calculated it, how many assets do you have now?" ”
"Before the listing of Hang Seng Bank, I estimated a rough number, and I don't have this leisure recently, so I might as well do something intentional."
Everyone in the audience was curious about how many assets Li Hualong had, but no one asked.
At noon that day, Li Hualong and the senior management of Hang Seng Bank had lunch at Longxuan Restaurant, and after lunch, Li Hualong felt that there was nothing to do in the headquarters of Hang Seng Bank, so he chose to go to work at the nearby Carrefour Group headquarters.
Li Hualong's Carrefour Group headquarters is located in the Carrefour Center in Admiralty, the high-rise office is located on the top floor of this building, Li Hualong's office is opposite the general manager of the group, Bao Yunshan, the area of his office is the same as the general manager's office area, not big or small, about 240 square feet, although he does not often come to work, but he does not feel that it is a waste to set up such an office for him.
When Li Hualong came to the top floor of the Carrefour Center, he did not immediately approach his office, but came to Bao Yunshan's office first, and saw that the other party was burying his head in reading the text.
"Yunshan, what are you busy with?" Li Hualong greeted first.
"Boss," Bao Yunshan raised his head and saw Li Hualong, quickly stood up, and replied with a smile: "I am looking at the information of some new products provided by the supplier." ”
"Just provide information, but not in kind?" Li Hualong asked curiously.
"If there is a physical object, put it in the warehouse, and then go over and look at it later." Bao Yunshan walked out and stretched out his hand to invite, "You sit down first, I'll make you a cup of tea, what kind of tea to drink?" ”
"Don't make tea, just help me get a bottle of iced tea." Li Hualong smiled.
A year ago, Mr. Lee's Unilever began producing and selling bottled iced tea, and he created a new brand for the product, Master Kong.
Since its launch in Hong Kong, Master Kong's iced tea has achieved good sales, and Li plans to export the drink overseas in the future, and if it succeeds in a certain market, he will open a branch in the local area to produce and sell the drink locally.
In addition, Li Hualong had already thought that in the early 80s, Unilever would set up a subsidiary in the mainland to produce beverages and food. (To be continued......) R1292