438 starts the frenzy of dollar exchange
"Chen Sheng is really calculating." Youde said with a smile.
"Kill three birds with one stone, everyone's good." Chen Zhiwen said: "I can get the land I want, the Hong Kong government can get a large amount of US dollars, and when the exchange rate crisis is resolved, the real estate market will also recover some confidence because of this incident, so why not?" ”
In the past year, the Hong Kong government has bid for land many times, but a large number of real estate companies have no money, resulting in the inability to compete, a small number of rich enterprises, but also because there are strict development restrictions in the auction and have to let go, because to win these land, it is not possible, must start construction within the specified time, the specified time to complete, and if the real estate market does not recover before completion, or even fall, then buying this land is a blood loss, and Hutchison also has to give up most of the bidding land. Only a small number of properties suitable for self-ownership after completion can be selected.
And those plots that are forced to give up, in fact, have a lot of very good locations, and if they can be won without development requirements, then the bull market in a few years will be able to increase profits tenfold.
"These lands, it's not a problem to give them to you, the Hong Kong government can indeed get a lot of funds, but now I prefer to have a large number of construction sites started, so as to ensure that more people are employed, Chen Sheng, you should also know that the unemployment of a large number of young people means to the government." Youde said.
"This can't be done, if I want to develop these lands directly, why should I discuss them here, why just buy them at auction in the first place." Chen Zhiwen shook his head and said.
"Chen Sheng, I hope you can also understand the principled issue of our Hong Kong government, if this opening is opened, then there will be many loopholes that can be exploited in future auctions." Youde thought for a moment and said.
"Then there is no way, if that's the case, I think it's better to invest in Japan with my dollars, and I'm very optimistic about the future there." Chen Zhiwen said with a light smile.
What bullshit principle, the Hong Kong government has a lot of principles, including the difference fee to be paid when industrial land is transferred to commercial land, in many cases, this price is fixed, because it will affect the Hong Kong government's land auction income, but in the original history of 1985, the Whampoa Garden land, the Hong Kong government at a price of less than 500 million Hong Kong dollars, let Li Ka-shing turn into commercial land, also relying on this, Li Ka-shing in the next few years to net more than 6 billion Hong Kong dollars, this money is also one of the foundations of the Li family's future investment.
And why did he break the ring, in fact, it is to restore the real estate market, so anything can be discussed, what Chen Zhiwen wants is a land without any requirements, and he can develop it when he wants in the future, otherwise, there are a bunch of requirements, so it is better to just settle the house and forget it, and worry a little less.
"Well, let's take a step back." Youde couldn't be tough, so he could only say: "Let's discuss it later, some of the land needs to be developed, how about it?" ”
"It's not impossible, but it can only be a commercial office land, and after I develop it, I can freely choose to hold it or sell it." Chen Zhiwen thought for a while and said.
The more annoying part of the Hong Kong government auction is that it not only has regulations for development projects, but also regulations on the sale or self-ownership model after completion. It can be regarded as a means of stabilizing the market.
"That's fine." Yud paused, nodded and said.
"Okay, then it's decided, starting tomorrow, Hisense Bank will officially start accepting acceptance business on a large scale, and Hutchison will also send someone to negotiate with the Hong Kong government about the purchase of the land that was auctioned before." Chen Zhiwen smiled and said.
“OK。” Youde nodded, and then asked: "Chen Sheng, the Hong Kong government still encourages real estate companies to start construction to a certain extent, and you and Wharf also have a lot of land, have you considered building some large-scale buildings now?" ”
"Mr. Governor, we don't have this plan for the time being. The only one is the Midea Building, but the start of the Midea Building will take at least half a year later. Chen Zhiwen shook his head and said that at this time, even if you have money, you should take advantage of the low price to hoard land or property, instead of investing a lot of money to build a super building.
Midea's new building is a special situation, and Midea's large group also urgently needs a large headquarters, compared to this, the interests of speculation are incomparable.
"Then if Chen Sheng is willing to start construction now, I can make a certain commitment to tax incentives, such as shopping malls or buildings after completion, can I get a certain degree of tax incentives or even free policies?" Youde said with a smile.
"In that case, I need to think about it, after all, I haven't thought about it before." Chen Zhiwen paused and said.
No tax incentives can compare to the investment income under the advantage of the prophet's golden finger, but you have to give the governor a little face!
"Well, when the current exchange rate crisis is resolved, we will discuss this matter." Youde said with a smile.
……
In the afternoon of the same day, Hutchison sent relevant experts to the Lands Department to discuss the one-time purchase of the land that the Hong Kong government had auctioned off at the land auction, mainly involving funds and which land needed to be built and what kind of buildings.
After all, even if it is your own land, you have to negotiate with the Hong Kong government about what kind of building you want to build, because you need to take into account the rights and interests of surrounding people (sunlight, noise, vision, etc.), or aviation safety and other factors, and now the amount of land involved is large, even if both parties want to get it quickly, it will take a while.
At the same time, the Hong Kong government has once again officially announced that in order to maintain the stability of Hong Kong's exchange rate and ensure the rights and interests of Hong Kong citizens, the Hong Kong government urges major banks and consortia in Hong Kong to conduct foreign exchange settlement under the condition that they can follow market rules appropriately.
This is a hint, that is, the Hong Kong government no longer forces the exchange rate to be settled at the current official exchange rate of 5.5 Hong Kong dollars a dollar, and many bankers have understood the meaning, but they are suffering from no foreign exchange in their hands, and even if there is, it is better to hold it in their hands at this time.
The Hong Kong government has always adhered to the principle of free trade and non-intervention, and occasionally some exceptions, that is, some banks have problems, because they are afraid of triggering a domino effect, they will intervene, and in most cases, they are also entrusted to HSBC or slag, and the Hong Kong government and so on come out to guarantee.
With this logic, the foreign exchange rate should also be free, but the exchange rate set by the Hong Kong government itself in the past is between 4.5-5.5, and because it is the largest foreign exchange reserve, the market will follow this exchange rate, but theoretically speaking, if the transaction between two people has to be exchanged for ten Hong Kong dollars or one Hong Kong dollar, as long as it does not involve illegal activities such as money laundering, it is legal and free.
But under normal circumstances, no one would do this, because with an official stable exchange rate, anyone who does this is a fool and loses blood.
After all, normal import and export trade needs to be exchanged from the Hong Kong government's foreign exchange bureau, and many large companies in Hong Kong are like this, which is the final bottom line of any government, once the money is gone, the economy will be completely finished.
In this case, the Hong Kong government issued this hint, in fact, it wants the people to hold the US dollar and still have some confidence in Hong Kong, and take out foreign exchange to reduce the pressure on the Hong Kong government. It can be regarded as a concession, after all, compared to the real collapse of the Hong Kong dollar, there is no need to adhere to this unnecessary principle, anyway, in the eyes of normal people, the Hong Kong dollar at this moment is absolutely not worth the official exchange rate.
The next day, all the banks were still the same as before, and did not open exchange business, even HSBC, which still maintained the previous queue speed, but the price immediately increased.
Only Hisense Bank,The first time to issue an announcement on each dividend,From now on,Any person or any company,You can exchange Hong Kong dollars in Hisense Bank to US dollars,The upper limit is unlimited。
As soon as the news came out, the whole Hong Kong was in an uproar, and how many people threw down what they were doing and went to Hisense Bank to line up.
At the headquarters of Cheung Kong Industrial, Li Jiacheng looked at the front page of the newspaper, and did not speak for a long time, but kept drinking tea.
"What's wrong?" His wife, Zhuang Yueming, saw that Li Jiacheng seemed to be a little worried, and asked.
"You know about Hisense Bank's release of the exchange of dollars, right?" Li Jiacheng put down the newspaper and teacup and said.
"I've heard that, it's not surprising, didn't you investigate Midea Group's overseas profits in the early years? At least a few hundred million dollars that year, plus Chen Zhiwen still has Costco and a lot of investment in the United States, and it is normal to have dollars in his hands, so it is estimated that the Hong Kong government has reached some agreement with him, right? How? How can you still think about how you can surpass Chen Zhiwen? Zhuang Yueming asked curiously.
"No, I didn't have this idea for a long time, but I was thinking, why did Chen Zhiwen do this? Surely he has no shortage of Hong Kong dollars in Hong Kong, but he is willing to exchange a large amount of US dollars? Li Jiacheng shook his head with a smile and said.
Midea Group, is an independent company, the financial situation outside people do not know, but if you want to investigate it, it is no problem, especially a few main products, find an electronic engineer to disassemble it to know the cost, and the terminal price of Midea products is also known, although the profits of intermediate dealers are not very clear, but this kind of strong enterprise, the profits of dealers are also limited.
Li Jiacheng also investigated this matter, but the result was that Midea Group's overseas profit was at least 500 million US dollars a year, which made him completely give up his dream of surpassing Chen Zhiwen.
"You mean, the Hong Kong government may be ready to fix the exchange rate?" Zhuang Yueming is also a smart person, and immediately gave his own judgment.
(End of chapter)