441 Sweep the gold with a dustpan
"Jardine & Land's stock? How many shares? Chen Zhiwen also suddenly became interested, during this period of time by the Hong Kong dollar exchange rate crisis, he made a lot of money from it, although he could only earn about a month, but the profit was so large that it exceeded the total profits of all his companies in the same period of time, this kind of income, in the entire history of mankind, there are not a few opportunities.
However, no matter how big the profit is, it is short-term, and it is speculative, just like Soros attacked the British pound and Mexican peso in the 90s, setting off the Southeast Asian financial crisis, and almost became the only financial capitalist in the world who can confront sovereign countries, but that's it, although he has also become the world's top super-rich, but the final value is far worse than Buffett, Bill Gates and others, and even less than a lower-level entrepreneur or entrepreneur, The most fundamental reason for this is naturally that speculation can make a lot of money in a short period of time, but if you want to be rich for a long time, you still have to rely on normal business operations or long-term investment, whether it is the technology industry, the civil industry, the real estate industry, etc., long-term operation is the king of the capital society.
And with Chen Zhiwen's current status, he can still be interested, that is, the future of the world's top 500 companies, and although Hongkong Land is not the world's top 500 in the future, it has surpassed many of the top 500, because the top 500 ranking is calculated based on turnover, but Hongkong Land's core business is leasing, leasing this kind of business, naturally it is impossible to compare with others selling products, but profit is another matter, among the world's top 500, only a small half of the company can surpass Hongkong Land, and this is still in the hands of Jardine Matheson. If it is in the hands of Chen Zhiwen, it is another matter entirely, on the other hand, Hongkong Land's assets are very high-quality, which can be easily cashed out, mortgaged, etc.
At present, in the whole of Hong Kong, Hongkong Land can be said to be the target he is most interested in, and there is no one.
"This fund owns 2.3% of Hongkong Land shares and 3.1% of Jardine Matheson shares, which can be said to be a very large amount, and the shareholders we tried to find before are not as large as this amount." Zhou Jiayang also said happily.
"So much? Who is behind this fund? Chen Zhiwen was also very surprised and asked, even if the stock of Jardine Land has plummeted due to the real estate crisis, the combined market value of the two is more than 15 billion Hong Kong dollars, and those who can have a few points are also the best of the best.
And before, he arranged for Hutchison's team to secretly find the shareholders of Jardine Land and ask them to buy shares, but some of the shareholders on the surface have a good relationship with the Keswick family or Niu Bijian and others, and it is easy to expose them, while the others are all small shareholders, very small kinds, and it is a surprise to have a 0.1%, and now it is indeed very surprising that such a big one suddenly appears.
"This is an investment fund under the British Rail and Coal Union Fund, they have a lot of shares in big companies in Hong Kong, and now the Hong Kong dollar is in crisis, and they came to us and wanted to exchange their shares for dollars." Zhou Jiayang said.
"Are there any other companies' stocks? Which ones? Chen Zhiwen asked.
"There are also Swire, Wheelock, Turbulent Foreign Companies, and HSBC, which are basically British-funded foreign firms, and they have been their minority shareholders for a long time, but they have never participated in shareholders' meetings, nor have they announced their own shares, and no one in the outside world knows about it, and it is this time that the Hong Kong dollar has a problem, which led them out." Zhou Jiayang said.
"Forget it, there is no need to buy these stocks. Just buy Jardine and Land. Chen Zhiwen nodded and said, Wheelock is now suffering serious losses, and the stock price is not falling, although this company currently has a lot of high-quality properties in its hands, but its main business is shipping, once they acquire, they have to wipe this ass, it is too troublesome, it is better to invest in other places with this money, and later Bao Yugang can quickly integrate after acquiring Wheelock, because the Bao family itself is doing shipping, which is the strength of others.
Swire's words will always live very well, even in the 2020s, it is very good, that is, the future investment return will not be very high, and there is no investment significance, and 50% of the company's shares are in the hands of the controlling family (because it is not in Hong Kong, so it is not restricted by the Hong Kong Stock Exchange), and there is no debt itself, Chen Zhiwen can't do anything about it, otherwise, Cathay Pacific is still very good.
As for the last HSBC, the future income is indeed very high, no less than General Electric and Coca-Cola, etc., I have to say that Shen Bi is very capable, and the paving for HSBC's future road is very successful, but HSBC is a "quasi-central bank", protected by Hong Kong law, no one is allowed to acquire more than 1% of HSBC's shares, this is a direct provision of the law, no one can break through, and it is stricter than the German law to protect the public.
If Chen Zhiwen buys HSBC shares from an investment perspective, it is only 1% of the quota at any time, besides, Jardine itself also holds 1% of HSBC shares, and is also one of the directors of HSBC.
"But the other side proposed to trade in US dollars, but at the exchange rate set by the Hong Kong government." Zhou Jiayang said with some hesitation that the stocks of these two companies are what his side needs most, but if they are traded in accordance with the regulations of the Hong Kong government, then they will have to spend a lot of money.
"That's impossible, but you can talk about it appropriately, you can make a little bit of it, generally we need to buy stocks at a premium, so it's about the same, but not too much, now these stocks in their hands, if they want to exchange them for dollars, they can only find us." Chen Zhiwen said decisively, although I want these stocks very much, but it is still early for the Hong Kong government to set the exchange rate of 7.8, which is the general trend and is difficult to change, and the exchange rate of 7.8 must also be calculated in combination with multi-party economic data, not set with closed eyes. He can't trade at 5.5, not to mention how much he makes, at least he can't lose.
"Okay, so what's our bottom line?" Zhou Jiayang asked.
"About 9, even if it's on the black market now, there are more than 9.." Chen Zhiwen thought for a while and said,Hisense Bank's public exchange,The black market is a very big blow,But Hisense's queue is relatively long,And the quota is limited,Therefore,There is still a little chance in the black market,And these people will also use scalpers to exploit the loopholes of Hisense Bank,Huo Jianning's people also found some,Directly caught and sent to the police station。
"Okay, I'll talk to them with 9 as the bottom line." Zhou Jiayang nodded and said, such a large demand for US dollars, only their own side can meet it, this is their advantage, and the other party may not know that their side must acquire Land, and they can only rely on guessing.
"Keep up with this matter and report it to me at any time, don't delay it too long." Chen Zhiwen said again, in short, to grasp a balance, after all, the other party is a big British fund, and Buckingham Palace may be relatively close, and the news channel is even stronger than himself, which is also a less stable factor.
"Understood." Zhou Jiayang nodded and said.
"What's the progress on the property front?" Chen Zhiwen asked again,Hutchison is responsible for acquiring Hong Kong's high-quality property land in US dollars,It is a logic with Hisense,That is, the direction is different,The biggest asset in the hands of many Hong Kong tycoons is property or land,Instead of a large amount of cash,If they sell real estate first and then exchange for dollars,An emergency sale will cause serious losses,The second is too late,At this time,Naturally, Hutchison came forward,Direct dollar acquisition。
"Swire, Wheelock and more than a dozen British-funded foreign firms, large and small, they all have a lot of land in their hands, and they also want to sell it for dollars, I talked to them about more than 100 pieces of land and property, the total area is almost 2 million square feet, and their total offer adds up to 330 million US dollars, here is the list, Chen Sheng, please take a look." Zhou Jiayang was also prepared before he came.
Hisense Bank only needs to obtain Chen Sheng's permission on the exchange rate to exchange Hong Kong dollars, and you can do it with confidence, but Hutchison acquires various land properties of different sizes and locations, and the value is different, so it is natural to negotiate first, and then report to the boss when it is almost over.
"An average of $160 a foot? Let me see. Chen Zhiwen took the list, although the land price in Hong Kong has been cut in half, but the price is actually very high, because there are a bunch of leeks in the high buying, now the land on the edge of Hong Kong Island Central, still needs more than 10,000 Hong Kong dollars a foot, as for the core location, there is still a price, almost the land is cheap, and the edge of the area is 100 a foot, but this kind of unless the area is very large, otherwise, Hutchison can not look down, too much worthless land, will only increase management costs.
"Many of them are still in good locations, although they are not in the bustling area of Hong Kong Island, but they can be tuned by these century-old enterprises, and now they are all good locations." Zhou Jiayang said with a smile.
"It's a pity that these core lands of the Great Ocean Bank have not been released." Chen Zhiwen shook his head and said regretfully, in fact, this is normal, high-quality land, who will sell it until it is a matter of life and death? In the 85 years of Hongkong Land's original history, the capital chain has been broken, but it would rather sell HK Electric, which has a monopoly on power generation, than sell the land in Exchange Square.
Of course, this turned out to be a wrong choice, and the value of HK Electric is much greater than that of Exchange Square, not to mention the stable power generation business, but the value of so many plots of HK Electric under the development of Li Ka-shing has exceeded that of Exchange Square.
"These ghosts are actually very good." Zhou Jiayang also said helplessly.
Chen Zhiwen looked at Huo Jianning again and asked, "The dollars in Hisense's hand are almost exchanged?" ”
"That's not all, but it's only about $600 million, almost a tenth, and if it goes on like this, the dollars won't be enough." Huo Jianning said that although in recent days, because of the "price increase", there are fewer people exchanging, but Hisense Bank will be exchanged for more than 50 million US dollars every day, and the foreign exchange reserves in hand are still sharply reduced.
"It's okay, if you don't have enough money, I'll continue to mobilize funds for you, but this will be an emergency loan from an overseas bank, do you have to add some more fees?" Chen Zhiwen said with a smile, this money is naturally his own, the money he made from investing in gold before, but there are still some of it, under normal circumstances, he will buy a large number of stocks and treasury bonds of American companies to ensure that when needed, he can cash out immediately, the reason why he said borrowing, there is no need to let his subordinates know about this, gold investment, many people around him know, including his parents, how much money he can make, only he knows.
"Okay, I understand, I'm going to add another 3% fee." Huo Jianning said with a smile.
"Change it to 5%, if you don't have confidence in the future of Hong Kong at this time, you shouldn't care about spending more money." Chen Zhiwen smiled and said.
It is a sum of money to be able to slaughter, and it is just the opportunity to bring some of the dollars in his hands into Hong Kong. During this time, I was sweeping gold with a dustpan on the road.
The time will soon enter October,The number of people who came to Hisense Bank to exchange dollars,There are fewer people,Maybe it was also urgently needed to exchange before,It's all exchanged。
In terms of large-value transactions, there has been no stop, and many British-Chinese-funded consortia in Hong Kong want to exchange dollars, and in order to avoid the possible risk of the collapse of the Hong Kong dollar, coupled with Fok Jianning's hard-line attitude, they can only give in.
On the other hand, at the behest of Chan Chi-man, Chow negotiated with a number of British-funded foreign firms, and finally won a total of 2 million square feet of land in various parts of Hong Kong for US$290 million.
Since then, Hutchison has become the largest real estate company in Hong Kong in a real sense, with more than 10 million square feet of reserve land, surpassing Cheung Kong and Hongkong Land, but the average value is still not comparable to the latter.
On October 12, the Hong Kong government officially announced that the official exchange rate was set at 7.8 Hong Kong dollars to 1 US dollar, and the Foreign Exchange Reserve Bureau and HSBC would be convertibles without restrictions, and obtained the authorization of the British government to use the British government's foreign exchange reserves to stabilize the Hong Kong dollar market if necessary.
When the news broke, the Hong Kong dollar trading in the black market collapsed instantly, and the foreign exchange office of Hisense Bank was also closed immediately, leaving only a bunch of crying fathers and mothers, shouting for people to cancel the transaction, some of these people are scalpers, some are middle class, and they immediately know that they have lost at least 20%.
However, even if you want to exchange Hong Kong dollars now, Hisense Bank also abides by the Hong Kong government's exchange rate regulations.
(End of chapter)