"Loan yen? They don't have any Hong Kong dollars? Chen Zhiwen's heart moved and asked.

Generally, doing business in Hong Kong naturally uses Hong Kong dollars, and the same is true for overseas banks, but after all, overseas banks have no foundation in Hong Kong, so they cannot absorb enough Hong Kong dollar deposits, and if they want to cooperate again, they need to exchange their own country's currency for Hong Kong dollars.

Exchange rate fluctuations are a risk, and banks will also find ways to avoid this risk, so in many cases, they will want the lender to borrow their own currency directly, and the risk of converting after borrowing is the lender's, and the bank has nothing to do with it.

"It should be that Hong Kong people are still not used to saving money in foreign banks, especially RB's." Chen Tianfu nodded and said, just last year, the Hong Kong government lifted the restrictions on foreign banks to establish branches, which allowed many large international banks to set up branches in Hong Kong.

"It doesn't work to borrow yen, and now that the international currency is unstable, I estimate that the yen may appreciate." Chen Zhiwen shook his head and denied.

He naturally knew the most famous Hiroshima agreement in later generations, but he didn't know the situation of the yen exchange rate in the 70s, but because the United States had just abolished the Bretton Woods system, the dollar began to depreciate sharply, and the Hong Kong dollar was anchored to the dollar, which naturally depreciated compared to other currencies. The yen and European currencies cannot be borrowed, for example, the Hutchison Whampoa Group, which is about to collapse next year, has a large amount of foreign debt in Swedish currency, which has suffered huge losses due to the rise in foreign currency exchange rates.

"That's a pity, the bank here in Hong Kong is not as bold as the staff of this small RB bank." Chen Tianfu said with some pity.

"It's not your own money, of course I don't care, anyway, if you win, you will have a bonus, and if you lose, you will pat your ass and leave." Chen Zhiwen smiled and said that RB's corporate culture is to take the company as its home, but this is only for ordinary social animals, and real high-level people will never say that they will end up in a company, especially those who do finance, which is itself rich and dangerous.

In this era, there is no Internet, no monitoring, the loopholes in the banking industry are very big, and the banks stationed abroad are far away, and the headquarters does not know what to do, such as the most famous Bank of Bahrain, which was ruined by a small clerk in Singapore.

"But RB Bank can't do anything without Hong Kong dollars." Chen Tianfu also understood what his son meant, but no matter how bold the RB Bank staff was, they couldn't change the Hong Kong dollar.

"Actually, we can absorb the Hong Kong dollar ourselves." Chen Zhiwen said suddenly.

"We absorb it ourselves? Do you want to open a bank? But the money from opening a bank can't be used to help us do our own business, which is against the law. Chen Tianfu reminded.

Hong Kong's financial market is relatively free, as long as there is money to make margin, you can open a bank, but the deposits absorbed by the bank can not be used to do other business of bank directors and high-level executives, this is the lesson that the Hong Kong government once exchanged blood and tears, in the 60s, many banks took their depositors' deposits to speculate in real estate, stocks, real estate, and trade, and as a result, the market went down, and many banks lost all their money, triggering a run on depositors, if it were not for the Hong Kong government and HSBC to join hands to suppress the panic, Hong Kong's economy would inevitably be hit hard.

"I know this, so we don't open a bank, we can open an investment fund company." Chen Zhiwen said with a smile: "The price is clearly marked, we give investors a higher interest rate than the bank, they invest the money in us, and when they make money in the future, they will give them the principal with interest, and the rest will not belong to us?" ”

"It's a bit like the money lenders, right?" Chen Tianfu said with some frowns.

Chen Zhiwen nodded and said: "It's a bit similar, but they are going to lend usury, and we are going to invest normally, which is different in nature, and it may be more similar to the bonds issued by listed companies." ”

"That's okay, then we collect the money and continue to invest in industrial real estate?" Chen Tianfu questioned that during this time, he had spent most of his money to invest in industrial real estate, buying a lot of industrial buildings and industrial real estate properties sold in strata by strata, and as far as he knew, his son's company had bought more industrial real estate, and their father and son were buying industrial real estate with bank money.

"Yes, all of them buy industrial real estate, but you can also buy some type B official letters for land certificates, as before, just look at it." Chen Zhiwen replied.

The total market size of industrial real estate is much lower than that of the residential and commercial real estate market, but one of its benefits is that industrial real estate is not only related to the Hong Kong economy, but also to the international economic development.

The property market in Hong Kong as a whole began to recover slowly at the end of '75, and it also rose throughout '76, but it was not very volatile, and it was not until 1977 that it began to make great strides. But industrial real estate, at the end of 74 will recover, because the global economy began to come out of the shadow of the first oil crisis, at the same time, the electronics industry began to explode in the world, although Hong Kong's industrial development speed is not as fast as the bay and South Korea next door, but the huge incremental market, so that Hong Kong's electronics industry is also full of fat.

By 1977, the value of industrial real estate would more than double compared with 74, and the rent would also more than double, and the historical Great Eagle Group relied on hoarding industrial real estate in these two years, and in 1977, it was sold and made 400 million Hong Kong dollars, which was the foundation for him to become one of the top ten real estate groups in Hong Kong in the early 80s.

The price of this thing is faster than that of real estate, because it is a representative of real estate confidence, representing the value of the future, it is more difficult to hoard land, but it is much simpler to hoard land certificates, and a large number of small amounts of travel capital can also enter the market, which is naturally easier to push up its price.

"Okay, I'll set up an investment company to absorb deposits, whether you set up another one yourself or a joint venture with me." Chen Tianfu thought for a while and asked.

"It's a joint venture, the investment company needs a way, I'd better forget it." Chen Zhiwen said that the most important thing for him at present is to lay a good foundation for Midea and Red Bull, and Fedmart and Costco in the United States also need to obtain cheap materials from Hong Kong as soon as possible, as well as the layout of Wharf and Hutchison in the future.

"Okay, that's half and half, and we're going to rent a good location in Central, with a larger area and a better decoration, so that people can believe in our strength." Chen Tianfu cut to the point, reluctant that the child can't trap the wolf, and the money that should be spent has to be spent in order for people to save the money.

"If you can't rent it, you have to buy it, and the real estate certificate will be put in the center of the store, which will be more convincing." Chen Zhiwen shrugged and said.

"That's just as well." Chen Tianfu nodded, the property in the Central Center is indeed very convincing, much stronger than the flickering of a thousand words.....