Time flies, and more than half a year has passed in a blink of an eye.

Monday, 13 October 2008.

Standing in front of the office window on the 88th floor of the IFC, overlooking the crowd below, the feeling of 'everything is under control' comes naturally.

Looking up at West Kowloon, a taller building stands out from the crowd, and that is the 'International Commerce Centre'. On the top floor of the International Commerce Centre, there is also Lam Cho Fai's exclusive Presidential Suite (The Ritz-Carlton).

The two tallest buildings in Hong Kong, the IFC and the International Commerce Centre, are like the gods of war who defend Hong Kong, and also symbolize the supremacy of Lam Cho-fai.

Comfortable!

Lin Zuhui shouted in his heart and returned to his seat.

Learn from the past.

Leaning back in his chair, he recalled the rhythm and events of the 2008 Heung Kong financial crisis.

Although the 2008 financial crisis has always been mentioned, the decline of the Hang Seng Index began in November 2007.

The year 2007 was a year of great prosperity for the world's major economies, with strong economies and strong investment.

In October 2007, the Hang Seng Index reached a maximum of 34,500 points, but since November 2007, the Hang Seng Index began to fall, when the market has paid attention to the subprime mortgage crisis in the United States, and Lin Zuhui has repeatedly publicly stated that the subprime mortgage crisis will have a great impact; However, the basic economic data of the United States and Hong Kong were still very good at that time, and the market believed that the correction of the Dow and the Hang Seng Index was nothing more than technical.

But after January 2008, things began to change. The Hang Seng Index fell by nearly 2,500 points in the three days from January 14 to January 16, and its market value is equivalent to disappearing 1/10.

At the same time, the U.S. has also begun the process of reducing the Fed's federal funds target rate. In less than nine days in January, the US federal funds target rate was lowered by 125 basis points.

After the Spring Festival in 2008, Hong Kong's Hang Seng Index continued to fall, and there was news of the bankruptcy of some time-honored small enterprises, such as Hong Kong's Tailin Electric at that time. By mid-March, the impact of the financial crisis on the financial sector began to appear, the famous American investment bank Bear Stearns went bankrupt, and on that day, the interbank market began to become difficult to borrow, in the words of an old money trader, liquidity was almost exhausted, and no one dared to trust each other.

By the end of March, some large companies began to publish their annual reports for the previous year, and benefiting from the good results of 2007, the Hang Seng Index rebounded by 3,400 points in April, and the Hang Seng Index also returned from 25,000 points to 28,100 points.

Among them, the best performers are, of course, Lin Zuhui's four large listed companies, and half of the rebound of 3400 points is due to it:

New Era Group's profit in 2007 was 260 billion yuan (including non-recurring profit of 128 billion yuan, that is, non-recurring profits brought by the sale of ships, aircraft, commercial real estate in Europe and the United States, etc.).

The media group's profit in 2007 was 25.5 billion Hong Kong dollars, and the game industry alone contributed 6.8 billion Hong Kong dollars in profits, and the rest of the business is also in full bloom.

Octopus Bank made an annual profit of HK$23.5 billion, of which the non-recurring profit from the sale of assets exceeded HK$5 billion, but it still performed extremely well.

LEIT Group made an annual profit of HK$16 billion, of which Fila Global contributed HK$4 billion and Jeanswest contributed HK$4.3 billion....... Every brand has grown from the previous year.

When Lin Zuhui's four large listed companies announced their results, the whole world paid attention, and the industry really felt how vicious the vision of the world's richest man was.

However, the rebound was short-lived, and in May and June, the Hang Seng Index continued to fall, and many real estate agents could be seen on the roadside directly hitting a big X on the original listing price, writing a new lower price, which was replaced by a lower price soon after.

After a brief small rally in July, the Hang Seng Index began to plunge in August, September and October, with the Hang Seng Index falling from 23,800 points to 16,800 points on October 10.

On September 15, Lehman Brothers, a well-known investment bank in the United States, also went bankrupt, leaving many ordinary investors in Hong Kong who purchased wealth management products through Hong Kong commercial banks without their capital, and many investors entrusted them to banks as distribution channels.

Review is over.

Lin Zuhui stretched his waist and was in a good mood, with 600 billion Hong Kong dollars lying on the account of New Era Group, it should be the company with the highest cash flow in the world.

All this money has been saved in recent years, after all, in addition to spending 90 billion yuan to buy the British beer group, the other investment moves are small.

Next, it is naturally time to buy the bottom again.

"Boss, it's time for the group meeting!"

"Good"

Lin Zuhui got up and walked towards the conference room.

"Boss"

“boss”

More than a dozen core executives greeted each other with a smile, and many of them rushed back from overseas or the mainland, such as the president of Langham Hotel Group, the president of Futura Group, the president of New Era Group (Huaxia) and others, and even some core executives often travel overseas.

Everyone's mood is the same as Lin Zuhui - like a spring breeze, the winner.

"It seems that everyone is not pessimistic because of the 'global financial crisis', I believe that in addition to the reasons we avoided in advance, there is also everyone who is optimistic about the next recovery and rise of the global economy."

】

"Yes, the impact of the 911 incident on the global economy is 8 months, and the impact of this 'global economic crisis' has been affected for 10 months, because it is a decreasing debilitating effect, so there is at most a year, or even half a year, for the global economy to recover."

"That is, now that we're at rock bottom, it's time to climb up, and we have the best equipment and resources in the world."

Everyone applauded, and the boss sent a strong signal that he wanted to buy the bottom.

Lin Zuhui continued: "Times Shipping Group, to prepare for the cold winter of shipping, we all know that the shipping cycle is extremely long, this wave of trough may last for ten years, and this time is not the lowest trough, it may take seven or eight years to gradually go down the trough." So, Maurice, what do you guys think? ”

Morris said calmly:

"In the third quarter of last year, Times Shipping has almost completely cleared its 'ship leasing' business, and has also reduced its ship position by three percent of the container business and oil and gas transportation business (short-term leasing is available if there are orders). Therefore, in the area of shipping, we have no assets to sell, so we can only continue to provide good services, expand business, and wait for the next round of shipping outbreak. ”

"In the aircraft leasing business, we sold almost 80% of our aircraft together with leases. Personally, I think that the next step can be to gradually buy the bottom and continue to do aircraft leasing. ”

"Of course, the most important thing is to continue to develop logistics/transportation, he doesn't have a big cycle, and stable growth is a good advantage."

"In the port/tugboat business, if there is a suitable target, the local government has expressed its willingness to attract investment, and Times Shipping can continue to invest."

Sea/air freight, port/tugboat, logistics/transportation, aircraft and ship leasing, these are the four major business segments of Times Shipping Group.

Morris's words are very much in line with Lin Zuhui's mind, of course, all of this is based on Lin Zuhui's analysis of the industry trend to him.

Lin Zuhui nodded and said: "Well, on the whole, Times Shipping Group should start the rhythm of stable development, gradually invest in aircraft leasing, logistics/transportation, ports/tugboats, and integrate shipping business resources and management, while the group needs to be more information-based and collectivized." These, in a week, you come up with a specific plan and submit it to me. ”

Only one week is given because the senior management of Times Shipping Group must have prepared in advance.

Morris said calmly, "Ok, boss." ”

Next, Lin Zuhui asked: "President Dürr, what are your plans for Futura Group?" ”

In 2007~2008, Fuli Group sold $40 billion in assets, leaving less than $60 billion in assets, of course, this price is the valuation in 2007.

In 2008, property in Europe and the United States began to decline month by month, and it has fallen by 25% at present, and there should be a decline of less than 5%.

That is to say, all assets such as 'Amazon Mall', Canary Wharf Group, and Futura Real Estate under the Futura Group should be worth only 400~45 billion US dollars, and if they are sold, they may be lower, because the more this time, the more buyers will bargain.

dur says:

"There is an opportunity, and we are ready to launch a plan to continue investing."

"First of all, Amazon Mall seeks to buy large and medium-sized shopping centers, renovate them, and build large shopping centers, abandoning small shopping center investments."

"Secondly, Canary Wharf Group and Futura Real Estate began to buy office buildings in Europe and the United States, especially the office buildings in New York, Los Angeles, San Francisco and Chicago in the United States."

Lin Zuhui said: "Well, the environment in Europe and the United States is stable, the property is worth long-term investment, in the past year, the group allocated 15 billion US dollars to you, and you have a plan to buy the bottom." ”

European and American office buildings are still worth investing in forever, such as in 2020~2020, other people's commercial real estate will not fall there, after all, other people's economies are more resistant to pressure than developing countries.

And Futura Group does not have a loan, even if the rent collection is bad, it will not lose money, as long as it is a small profit.

Lin Zuhui has always believed that land is a right.

The core business of New Era Group is always rent collection.

Durr's spirit was shocked, and he said happily: "Okay, we will definitely do our best!" ”

Lin Zuhui nodded with satisfaction, these foreign executives have succumbed to his personality charm, do their duties conscientiously, and there is no caution.

"Hong Kong and mainland real estate continue to strengthen development ......"

"Langham Hospitality Group's new hotel business development shifts focus to Asia......

"Overseas expansion of beverage and food demand, acquisition of local brand ....."

"Beer Business ........"

Lin Zuhui gave instructions for each business.

The whole group is like a tiger out of the cage, and now is the best opportunity to forage for food.

New Era Group has a cash flow of 600 billion Hong Kong dollars, and this round of expansion will naturally not cost so much, or even half of it.

Next, a large number of dividends will be distributed every year, in the first half of the year, in the second half of the year, and throughout the year.

After the meeting.

Liang Zhenxun came to Lin Zuhui's office and said, "Boss, do you want to go to Europe and the United States to invest in some bonds?" ”

According to the boss's analysis, the European and American economies will inevitably recover soon, so there must be a lot to be done in the bottom-buying bond market at this time.

Lin Zuhui thought about it, his personal company could buy the bond market, but he didn't want to do that, after all, the goal was too big. The New Era Group's bottom-buying bonds are corporate behaviors and have a relatively small impact.

"Okay, you organize the securities investment department to do this!"

"Okay."

Investing in bonds can be leveraged, of course, the risk is greater, but at this time, you can make 100% money by buying the bottom of the European and American bond markets, because it is copied to the bottom.

It's not a problem to earn tens of billions of Hong Kong dollars!

........

In the next week, Lin Zuhui successively arranged five private investment companies, namely 'Lin Zuhui Family Office', 'Hengjin Real Estate Investment', 'Bank of Bahrain', 'Hengjin Investment' and 'Jingwei Capital', to open the global bottom-buying mode.

He deliberately made the assignment:

'Lin Zuhui Family Office' repurchased value stocks of traditional industries in Europe and the United States (Procter & Gamble, Johnson & Johnson, AstraZeneca, etc.) and blue chips of Heung Kong (HSBC, Hang Seng, Sun Hung Kai, Cheung Kong, Hutchison, etc.). After the repurchase, there will be a cash flow of more than 150 billion Hong Kong dollars, which is the profit generated by selling high and buying low; The assets of the entire family office are already more than 600 billion yuan (after the crash), which is more than three times higher than eight years ago.

'Hengjin Real Estate Investment' buys back stocks of public utilities such as MTR and Hong Kong Stock Exchange, and invests a small amount in luxury residential properties, shops and office buildings in Hong Kong. and give up investing in H-shares and blue-chip stocks (no future and no dividends); After the investment, there will be more than 50 billion Hong Kong dollars of cash flow left, and the total assets will be more than 200 billion yuan.

The 'Bank of Bahrain' repurchased high-quality Korean stocks such as Samsung Electronics, Hynix, and Hyundai Motors, and continued to buy global fixed assets, as well as high-quality securities from European countries. In the last year, the company has made a lot of money in the foreign exchange market, resulting in the assets of the Bank of Bahrain will soon reach 200 billion.

Hengjin Investment focuses on investing in U.S. Internet and technology stocks, such as Microsoft, Oracle, Google, Amazon, Netflix, PRIE and other companies with 2% equity; The remaining cash flow has been siphoned off by Lin Zuhui and deposited into his personal account. At present, the asset value is around 60 billion Hong Kong dollars, which has shrunk significantly.

Jingwei Capital, this time cashed out $6 billion from Apple, which will be used to invest in European and American technology companies. It also continues to hold 5% of Apple's shares, Google's 4.8%, Amazon's 5%, Kingston's 80%, Activision Blizzard's 100%, Alibaba's 30%, Tencent's 36.8% and other companies' equity or stock. The asset value is around 250 billion.

Five privately invested enterprises with total assets of more than 1.3 trillion yuan. As for the future, I am afraid that there will be 5 trillion Hong Kong dollars.

These assets are growable assets.

Lin Zuhui still has more than 260 billion cash flow in his hands, which is stored in Octopus Bank (160 billion) and three Swiss banks (100 billion).

Finally, Lin Zuhui also has 1,200 tons of gold in growing assets, which are currently worth more than 300 billion Hong Kong dollars.

Therefore, Lin Zuhui's assets on the books are about 1.9 trillion.

As for the assets on the books, they are the stocks of the four major listed companies:

The market value of the New Era Group has fallen from 1.6 trillion at the peak to 1.1 trillion at present, which is very resistant, such as Cheung Kong, Sun Hung Kai, and Hutchison Whampoa, which are directly cut by 60%.

The market value of Media Group also fell to 280 billion, the market value of Leit Group fell to 80 billion, and Octopus Bank fell to 90 billion.

The decline has not exceeded 50%, the reason is actually very simple, because there is a large amount of cash lying in the accounts of these four major companies, and investors are unlikely to sell a large number of them, and even investors who invest in other stocks will also regard Lin Zuhui's company as a safe haven. And it's not just cash in hand, Hong Kong now understands that there is only one stock god in the world, Lin Zuhui, who once again retreated bravely at the peak of the market.