"Okay, in this way, the funds in Hutchison's hands are close to 600 million US dollars." Chen Zhiwen nodded and said.

Why did you have to go all out to acquire Hutchison before?

It is because when the land price and stock price are very low, even if the debt is extremely serious, as long as the land price rises in a few years, the wealth will rise tenfold, although Hutchison is not a listed company now, but all aspects of the financial have entered a period of benign development, in the eyes of various banks are very high-quality customers.

The Whampoa Garden project, developed three years ago, also turned a useless piece of land into a cash flow of nearly HK$1.5 billion, plus other businesses, cash in its own hands and US dollar loans from banks, and finally had almost US$600 million in funds.

The $600 million is one of the most important purposes for Chen Zhiwen's acquisition of Hutchison, which is much more than the arcade machine has earned in recent years, which is of great significance in the upcoming "gold futures".

"Most of Hutchison's own funds have been converted into US dollars, and there are about 400 million Hong Kong dollars left, and it is estimated that it will take about half a month." Zhou Jiayang said again.

"Okay, just keep exchanging, I won't need it right away." Chen Zhiwen nodded and said.

Hong Kong has long realized the freedom of exchange between the Hong Kong dollar and the US dollar, but it is not free to convert billions of Hong Kong dollars into US dollars in a short period of time, therefore, a long time ago, Chen Zhiwen arranged for Hutchison, Xinghe, and Hengyi companies to convert the Hong Kong dollar in their hands into US dollars.

And so much money to go long gold also needs to be started in batches, so it is nothing that the money in the back will be in place later.

"Chen Sheng, since the funds have been almost scraped together, how should Hehuang develop in the future?" Zhou Jiayang asked again, he knew a long time ago that the boss was preparing for today's fundraising, and many of Hutchison's real estate projects were developed with this time as a control node, and now that it has passed, what should be done in the future? Orders from the boss are also required.

"Or mainly do real estate, we and Huang own the land, can be developed, not enough funds can not be developed, with Chinese cooperation to develop, in short, as soon as possible to turn the land in hand into cash." Chen Zhiwen thought for a while and said.

Compared with Wharf, although there is more land in the hands of Hutchison, there is not much in the real prime location, that is, as long as you have money, you can buy it, so you should take advantage of the high housing prices in the past two years, develop it if you can develop it, and wait until the next round of real estate crisis, and then buy other land at a low price, and even acquire a property or land in a better location.

"Okay, I understand." Zhou Jiayang nodded and said.

"In addition, a little more investment in retail, there are a few PARKnSHOP supermarkets over there, I heard that the results are average?" Chen Zhiwen asked.

"Yes, not very well." "The main reason is that there are already a lot of local supermarkets in Wanwan, and the locals are used to shopping there, and they were built early and in good locations, so even if we sell them at a discount, it is difficult to steal their customers, and the process is very slow," Zhou said. ”

"How big is the local supermarket over there? It's about the same size as ours in Hong Kong? Chen Zhiwen asked again.

"It's about the same size." Zhou Jiayang said.

"In fact, there is an opportunity, Wanwan is now very similar to Hong Kong, but there is a difference, Wanwan's urban area can be developed, far stronger than Hong Kong, generally this kind of city, is expanding from the inside out, more and more population, then it will become similar to Europe and the United States, in this way, you and Wu Weibing go to the United States together, see how the local Wal-Mart supermarket does business, learn from them, or you let colleagues in the United States find an intermediary to dig up a few Wal-Mart working Chinese, Wanwan's supermarket model after that, may be more inclined to Walmart like this. Chen Zhiwen thought for a while and said.

Hong Kong's topography, next to either the sea, or the mountains, the towns are separated, otherwise the Hong Kong government will not be idle to do nothing to invest huge funds in other places to build new towns, after all, the world's normal urban expansion model, is from the inside to the outside, such as the later generations of the mainland, from the second ring to the third ring to the fifth ring and the seventh ring, step by step development, this model is much easier than the Hong Kong government to build towns.

The structure of small towns, coupled with traffic congestion and the rarity of cars, etc., make Hong Kong basically unsuitable for the big supermarket model, but ParknSHOP is the most popular medium-sized supermarket covering a radius of about one kilometer.

"Wal-Mart also knows a little bit, that model is really good, Wanwan can try it, but Wanwan's local car ownership is far less than the United States?" Zhou Jiayang said.

"The economy can be developed, and now the economy of Wanwan is the same as that of Hong Kong ten years ago, and there is naturally money for the car, and again, we can also engage in that kind of shopping shuttle bus service, or sponsor a little money, so that the bus company can pass a little more." Chen Zhiwen said.

In the early 21st century, domestic cities, when the car ownership rate was not high, liked to use these two tricks, those who had money bought buses to send customers, and those who had no money would also find ways to get two more bus stops.

"Okay, I'll discuss it with Wu Sheng." Zhou Jiayang nodded and agreed.

"In addition, the type of supermarket has changed, and the name has also been changed, don't call it Parknshop anymore, just call it RT-Mart, Chinese people like to send words." Chen Zhiwen thought for a while and said: "In addition, there is a small idea, whether it is RT-Mart or ParknSHOP supermarket, or where in Hong Kong Bay Bay, in the future, all our retail business stores will purchase high-quality plastic bags, and the bags are printed with our company's name, and then give them to customers for free when they shop and check out." ”

"A good way, a good plastic bag, can make a lot of people use things often, then in this way, it is our free advertising." Zhou Jiayang immediately understood what the boss meant.

"Pretty much." Chen Zhiwen nodded and said. Many mainland supermarkets in later generations, this method is very useful, especially the original RT-Mart, the quality of plastic shopping bags, when the economy is not very good, many people still bring their own baskets, this kind of plastic bags are too useful, it is also convenient to carry, and it is very light and waterproof, and the advertising effect is leveraged for a long time.

"Then I'll arrange for someone to go to Japan to purchase it immediately." Zhou Jiayang said.

"It doesn't have to be Japan, Japan's should be more expensive, you can try to find it in the mainland, there may be one there." Chen Zhiwen said.

Plastic bags, which seem to be worthless, in later generations, most of them are free, but it is really a policy pressure, and the major supermarkets have only begun to charge, and the price itself is very low, but this thing is the downstream of the petrochemical-chemical industry chain, and there are not many people in the world who can produce this material. Moreover, the quality and low cost of the bags are good, and there is a certain technology, there is no such factory in Hong Kong, and most of the plastic bags are imported from Japan.

Although the country is a little poor, the petrochemical industry still attaches more importance to it, as long as the overseas orders are sufficient, the possibility of making it is very high.

"Okay, I'll send someone to contact China Resources." Zhou Jiayang nodded and said that in the past two years, there has been more and more trade between China and Hong Kong, and anyone with a discerning eye can see that there will only be more and more cooperation in the future.

A few days later, Chen Zhiwen went to the United States again, and with a team of lawyers in New York, he spent nearly a month negotiating and reviewing the details of the contracts with a team of lawyers in New York, and more than a dozen investment banks such as Morgan Stanley, Goldman Sachs, Lehman Brothers, Bear Stearns, and Deutsche Bank.

A total of US$1.25 billion was involved, with US$600 million from Hutchison, US$200 million from Midea, US$180 million from Mortgage Land, US$150 million from Galaxy Group, and US$120 million from Hengyi.

Among them, 1 billion US dollars has signed 5 times the futures leverage with more than a dozen investment banks, that is, Chen Zhiwen borrowed 5 billion US dollars from more than a dozen large investment banks to purchase gold with 1 billion US dollars as collateral.

If the price of gold rises, then wait until a period of time in the future, you can sell the gold at a high price, and then after paying off the loan, the rest is earned by yourself, because of the use of leverage, so theoretically speaking, the profit will be 5 times that of your own direct purchase.

However, in fact, this kind of borrowing requires very high interest, and considering the high benchmark interest rate policy adopted by the United States in order to suppress inflation, the cost of making futures is very high, whether it is long or short, if the price of gold is not very volatile, then all the money earned from futures has to be given to investment banks.

And if the price of gold falls, to a certain extent, the futures will be liquidated, and then either the position will be liquidated, or the funds will be invested to protect the position.

$250 million in addition to $1 billion, is this purpose, several major investment banks also feel that this futures risk is too great, if there is no margin, they do not dare to rest assured to lend so much money, although theoretically can be closed, but if the price of gold falls too fast, too late to close the position, part of the loss can go to the hands of investment banks.

Chen Zhiwen also knows the historical trajectory of gold, but he doesn't know the short-term fluctuations, in case gold suddenly falls for a short time, it will not be good, and he thinks it is okay for safety reasons.

This is the result of negotiations between the two sides, and if gold rises to a certain extent in the future, then the futures that were long at a low price before are basically riskless, and at this time, the $250 million that has not been invested can be invested in some of the long gold.

In this way, only a little profit will be lost, but the risk can be controlled to the greatest extent.

Of course, Chen Zhiwen also has a follow-up move, he made an agreement with Deutsche Bank on the condition of the entire Red Bull company, if he needs funds, he can get 150 million US dollars from Deutsche Bank urgently, which is far from the actual value of Red Bull, but emergency borrowing, this figure is not bad.

Last month, that is, in October, the average price of gold was 240 US dollars / ounce, but this month it fell a little, around 220, and it is not clear next month, but according to Chen Zhiwen's understanding, the rapid rise of gold was in 1979.

If you buy gold futures at a cost of less than $250 now, then more than a year later, when the highest price of gold reaches $810, the theoretical profit will be 15 times, but this is a theory, in fact, it is certainly impossible to sell it at 800, otherwise it will be easy to be trapped.

There is also high interest and transaction taxes, but in any case, the income is so high that I am afraid that technology investment companies will have such returns in the next few years, but the cash-out of technology companies will have to wait until the 90s.

Waldorf Astoria New York:

"Eric, there is chaos in the Middle East again, the oil crisis, and there is a trend of breaking out again, you invest in gold at this time, I'm afraid you will make a lot of money again." Henry Morgan said while drinking high-end red wine: "This shouldn't be pure luck, right?" ”

"It's just luck." Chen Zhiwen smiled, and also raised his glass and took a sip, this is a bottle of red wine worth tens of thousands of dollars, it is a treasure from the 1920s, Henry Morgan got a few bottles by chance, and shared them with Chen Zhiwen.

"Okay, it's luck, then you say, should I go in and have a game too?" Henry Morgan said with a light smile.

"Yes, as long as you have money, but again, you do it at your own risk, especially if you want to do futures, it really depends on luck." Chen Zhiwen said.

Since the end of the US dollar gold pegged system, gold has been rising, buying gold is not a loss, but long is not necessarily, the root cause is still high interest rates, and there may be short-term downward fluctuations.

In fact, if from 73 years later, no matter which year, high interest rate long gold, even if it is earned, it cannot be said to be a very successful investment, because gold rises very slowly, even if it is long, it is not necessarily better than many investments, such as Hong Kong real estate.

Of course, if higher leverage is used, it is natural to earn more theoretically, but the risk is also greater, and investment banks for non-foreign exchange, international bonds and other futures, generally will not agree to more than 5 times the leverage, because this is also a great risk to them, before the emergence of Internet trading, many investment banks may lose a lot because they did not close their positions in time.

This is also why Chen Zhiwen did not start to enter the long gold market at the end of 78, because only the high rise in 79 years is worth starting, and the gold rose so sharply in 79 years, in fact, it is because of the outbreak of the second oil crisis, OPEC provoked the dominance of the world police for the second time, resulting in countless investors are not optimistic about the future of the global economy, when oil rises from 10 US dollars to more than 30 US dollars, it is difficult for any normal industry to operate, because no one can do without a large number of derivative industrial products of freight and oil.

When everyone is not optimistic about the economy, they will naturally choose the most prudent investment, and there are many big capital behind the covert operation, and the price of gold will naturally be copied to the sky.

"You're all gone, so naturally I'll have to follow up." Henry Morgan smiled and said, he knew that Chen Zhiwen was doing long gold, but he didn't know how much money he invested, this was a secret, and he wouldn't be stupid to ask, but since Chen Zhiwen had invested, he also felt that he could give it a try.

It doesn't matter if you are a smart person who doesn't invest, just follow someone who can invest or invest in his company.

"Okay, then I'll leave Pac-Man to you on the American side, and another arcade machine will be developed in Hong Kong, and next year, you can go and see it when you have time." Chen Zhiwen said again.

(End of chapter)