Since the beginning of March, Li Hualong has begun to reduce his holdings of outstanding shares, including the shares of some companies in which he absolutely controls them.

It took more than three months for Li Hualong to withdraw nearly 8 billion Hong Kong dollars from the Hong Kong stock market.

By June 20, the Hang Seng Index had reached 1,770 points, one step away from the all-time record of 1,779.6 points set eight years ago.

The next day, a number of newspapers, including Li Hualong's Hong Kong Economic Times, reported the news that the Hang Seng Index had risen sharply and was about to break the previous record.

Li Hualong read the Xianguan report and muttered in his heart: "If I hadn't sold a lot of stocks, it is estimated that the Hang Seng Index would have already set a new record, and I estimate that the Hang Seng Index will rise, I should continue to reduce my holdings of stocks, and after the stock market crashes, I will invest a lot of money to protect the stock......"

Li Yisong saw Li Hualong holding the newspaper in a daze, and asked with a smile: "Ah Long, what do you want?" ”

"Ah......" Li Hualong came back to his senses, smiled, and replied, "Think about the stock market." ”

"I heard you say a few months ago that you want to sell stocks, how are you selling?" Li Yisong asked curiously.

"Almost HK$8 billion in cash." Li Hualong replied with a smile.

"That's a lot." Li Yisong said lightly.

Li Yisong's face was not surprised, he knew that Li Hualong is now the richest man in the world, and the market value of the shares of Hong Kong listed companies held by Li Hualong alone is more than 40 billion Hong Kong dollars, compared to the assets owned by Li Hualong, 8 billion Hong Kong dollars is not a very big number, half a year ago.

"The Hong Kong stock market is doing well, and I am ready to continue to sell stocks to cash out."

"Have you ever thought that if you sell a lot of stocks to cash out, you will make the stock market cheaper?"

"I've thought about it." Li Hualong said as he picked up the teacup, took a sip of tea, and continued, "I feel that the price-earnings ratio of the companies I hold is a little too high, and the stock price is overvalued, of course." Among the companies listed on the Hong Kong Stock Exchange, I don't own shares, and the price-to-earnings ratio is higher, and these stocks are seriously inflated. If the stock market continues to be hot. If you buy a stock with an inflated stock price, the loss will be huge. Sometimes, it's also a good thing to let the stock market cool down. ”

"There's some truth to what you're saying." Li Yisong nodded with a smile, "That's right." I hold shares of several listed companies such as HSBC, should I sell them together? ”

"I think I can sell it, whether I want to sell it or not, it's up to you to make your own decision."

"What am I paying attention to?" Li Yisong glanced at Li Hualong, "Although I don't have Alzheimer's disease now, I can feel that my brain is not as good as before, it is not a particularly important thing, and it is easy to forget...... This time, you will sell all the shares I hold, how to spend them. You come up with ideas, and also, the affairs of Evergrande Company, you have to worry a little more, if you think any executive is unqualified, you will fire him...... Otherwise, I will transfer Evergrande Company to your name. ”

"That's not going to work." Li Hualong hurriedly shook his head and said, "Didn't you already say before, Evergrande Company was transferred to the name of the Foundation (Li Yisong and Son Foundation), and the money earned by Evergrande Company in the future." In addition to leaving it for its own development, all of it is used for charity. ”

"A company with a market value of billions, I'm really a little reluctant." Li Yisong said with a smile.

"If you are really reluctant, leave it to the children and grandchildren of the second brother." Li Hualong said with a smile.

"Forget it. You've got your back. If your second brother's descendants want to do business, they will definitely be able to do it well. Li Yisong smiled and sighed, "I'm not a little angry, you find a suitable opportunity, and let Evergrande Company transfer to the name of the foundation, you." I also care a lot about the operation of the foundation. ”

"You're not satisfied with Lingling's salary?" Li Hualong asked with a smile.

Zhou Lingling has not given birth to a child for less than a year, and she has not yet weaned her child, but she returned to work at the Li Yisong Father and Son Foundation more than two months ago.

The chairman of the Li Yisong Father and Son Foundation is Li Yisong, which is the highest position in the foundation, and Zhou Lingling serves as the assistant to the chairman.

"I'm very satisfied, Lingling's child is very good, Sheng Rui can marry her, and he can be regarded as his father." Li Yisong was pleased.

Li Hualong raised his hand and looked at his watch, looked at his father and said, "Dad, it's not early, I'm going to work." ”

"Are you coming back for dinner tonight?" Li Yisong asked.

Li Hualong was stunned for a moment, and replied, "If you don't come back for dinner tonight, I've already made an appointment with a few friends for dinner." ”

After a period of time, Li Hualong continued to sell stocks, and after cashing out more than 10 billion Hong Kong dollars, he calculated how much profit he had made from buying and selling these stocks.

In the past six years, Li Hualong has bought shares of Cheung Kong Industrial Company many times, investing a total of 32.4 million Hong Kong dollars, and receiving dividends a total of eight times.

Today, Cheung Kong has a total share capital of 60 million shares, a share price of more than HK$50, and a market capitalization of more than HK$3 billion.

Before Li Hualong sold the shares of Cheung Kong Corporation, he held 6 million shares of this company, and after selling them all to cash out, he received more than HK$310 million.

Counting the income from dividends, Li Hualong's investment in Cheung Kong shares has a return on investment of more than nine times, which is much lower than the rate of return on investing in Apple Computer, but he is already very satisfied.

Investing in the stocks of other companies, Li Hualong has achieved a return on investment of more than eight times.

More than six years ago, Li Hualong invested 208 million Hong Kong dollars to buy 80 million shares of Hong Kong Land, at that time, the total share capital of Hong Kong Land was 800 million shares, and later, the company issued additional shares twice, Li Hualong did not subscribe for new shares, and now, the company's total share capital has reached 1 billion shares.

Li Hualong sold the shares of Hongkong Land at an average price of HK$30, cashed out a total of HK$2.4 billion, invested HK$2.08, and also received several dividends.

Judging from the books, compared with investing in the shares of the Hong Kong real estate company, Li Hualong's income is higher, in fact, this is not the case, in the past few years, Cheung Kong Industrial Company issued two additional shares, Li Hualong subscribed, these two investments, the time is shorter, can not be discussed together.

From 1974 to 1975, Li Hualong bought 80 million shares of Hong Kong Land Company at an average price of HK$2.6 per share, spending a total of 208 million shares, and now sold at a price of HK$30, the stock price rose by 1053%, and during the same time period, Li Hualong spent HK$16.8 million to buy 4.2 million shares of Cheung Kong Asset Company at an average price of HK$4 per share, and now sold at a price of HK$50 per share, the stock price rose by as much as 1150%, and then more than six years. Cheung Kong has more dividends.

At the same time, Li Hualong invested in shares of Hongkong Land and Cheung Kong Industrial, the latter of which had higher returns.

Investing in HSBC shares, Li Hualong also made nearly ten times the profit.

On July 17, after six years of tossing and turning, the Hang Seng Index finally broke the historical record of 1779.60 points set eight years ago with 1810.20 points.

On the evening of July 17, the Hong Kong Association of Banks announced that it would raise the interest rate on bank deposits from 11% to 12% from 11% on July 21, 1981, in order to save the weakened Hong Kong dollar.

At this time, the Hong Kong dollar was not pegged to the US dollar, and the result of the US dollar interest rate hike was that the interest rate differential between the Hong Kong dollar and the US dollar was as high as 3 and a half percent, which triggered a large amount of funds to be transferred overseas for interest arbitrage. (To be continued.) )