After that, Chen Zhiwen also looked at the financial report of the last six months at the headquarters of Hongkong Land, although the scale of Hongkong Land is large enough, much larger than that of Swire and Former Hutchison, but the business is much simpler, mainly rent collection, originally there are still many plots of land under Dairy International Company to develop residential projects, but because the real estate crisis in the past two years has also stopped, which makes the financial report relatively simple, even Chen Zhiwen can easily and quickly understand.

In 1984, inflation in Europe and the United States has fallen, and interest rates are also falling, but this also requires a process, it will take a few years to fall to the low level before the oil crisis, in the late 80s and early 90s, the glory of Hong Kong's real estate market, in fact, it is also a little related to low interest rates.

Now Hongkong Land, there is no need to do anything, just wait until 85 years, and then the real estate market will recover and soon become hot, plus the interest rate will be reduced, and it will be difficult to think about the financial problems of Hongkong Land at that time.

As for Chen Zhiwen's arrangement of Disney's investment in Hong Kong, he did not inform anyone in Hong Kong that Disney is still collecting data on this matter, and if it is exposed first, it may affect Disney, and it is estimated that by the beginning of next year, it will almost be able to tell Hongkong Land, and then the two sides will negotiate how to cooperate.

Although they are both wholly-owned subsidiaries, they can be registered in different places and have different tax payment models, so both parties also need to audit this investment from their own perspective, because Disney will inevitably need to be listed in the future, while Hongkong Land will most likely not.

However, it can't be too obvious, the tax department in the United States is not stupid, there is no need to offend them for a small profit, the biggest benefit of this cooperation is not what tickets, licensing fees, but through this project, you can take a large piece of land, build hotels, shops and other properties, and even drive the surrounding land prices, and this profit, most of which are land.

Time flies, and soon, in December, about the same time as the original history, the mainland and the United Kingdom, after 22 rounds of negotiations, finally reached an agreement on many issues, and formally signed the "Joint Declaration" on Hong Kong's future in Yenching.

On July 1, 1997, Hong Kong will return to the motherland, and during the transition period from now to July 1, 1997, the British government will continue to administer Hong Kong, and at the same time will abide by many agreements in the "Joint Declaration", and after the handover, it will maintain the policy of Hong Kong people governing Hong Kong, and the Governor (Chief Executive) of Hong Kong will continue to be held by Hong Kong people for 50 years.

So far, the problem of Hong Kong's future, which has plagued countless Hong Kong citizens and capital, has been resolved, and in the past few years, the mainland has achieved quite good results in opening up, and most people's confidence in Hong Kong's future economy has been restored.

Once the international agreement is signed, although there may be some ripping up later, it is basically unlikely that there will be major problems, although there will be occasional exceptions to the non-aggression agreement in Europe, but after all, that was decades ago, and the interests involved are too great.

For financial capital, the most worrying thing is not what financial crisis happens, but chaos, as long as the former is not leveraged, it will not lose too much, but once the latter happens, it is basically lost, which is why during World War I and World War II, a large number of European capital, scientists, engineers and other talents went to the United States. Now, this problem has been solved, and everyone has begun to be optimistic about Hong Kong's real estate market again.

The day after Yanjing signed the agreement, Hong Kong's Hang Seng Index immediately rose by 52 points.

All of a sudden, Hong Kong's society has undergone considerable changes.

However, for Hong Kong's business tycoons, they will not immediately change their strategy, many people, will still focus on stability, that is, need to wait for the market to recover, after all, have survived to this time, if you take another wrong step, it will be too much of a loss, even if the probability is low, so they also began to study the "Joint Statement", carefully consider every word in it, this kind of agreement signed by the two major countries, every word may be worth 10,000 gold.

Victoria Peak, inside the Chen Family Villa:

Chen Tianfu was sitting in the sunroom on the third floor, basking in the mild sunlight while looking at the columns of paper documents in his hand.

"Dad." Chen Zhiwen also walked over and asked, "What are you looking at?" ”

"The official document of the Joint Declaration, which I sent from Yanjing, is much more detailed than the one in the newspaper." Chen Tianfu said.

"This kind of thing, just let your subordinates do it, legal documents, I have a headache after reading too much." Chen Zhiwen smiled and said.

Although he knows the future, Chen Zhiwen should also attach great importance to any content in the "Joint Statement", which is different from ordinary people, who only need to read some important contents, but they should all be seriously analyzed, because a single line of words in it may affect Hong Kong's financial policy, trade policy, tourism policy, real estate or stock market or taxation, etc., and the fate of the entire Hong Kong is in this document.

Therefore, he also asked He Huang's colleagues in Yanjing to get this document in the shortest possible time, but he only read it roughly and analyzed it word by word, which was his task.

"My brain is to use it more, use it more, and when I get older, I won't be confused." Chen Tianfu said with a smile.

"Yes, did you find anything that had a significant impact?" Chen Zhiwen said with a light smile, the brain is indeed better when you use it more, and many elderly people's brain decline is caused by nothing to do.

"I also focused on some of the agreements on the Hong Kong property market in the Joint Statement." Chen Tianfu said: "The core point of this is that the central government promises that whether it is the previous property land or the land after 85 years, it is all valid, and it stipulates a sufficient validity period, which stabilizes the most worrying problem in the Hong Kong real estate market, after 97, it is legal, and there is the rights and interests of some locals, inheritance, which also allows many people to put their minds at ease."

There is only one more clause, which stipulates in the agreement that from 85 years onwards, the Hong Kong government shall not grant more than 50 hectares of land per year, which will definitely have a huge impact. ”

"I also know that the 50-hectare thing should be on the mainland, worried that the Hong Kong government will sell land on a large scale before the return to the motherland." Chen Zhiwen said with a light smile: "Although the "Joint Declaration" also stipulates that all the income of the Hong Kong government cannot be transferred back to the UK, there are always many other legal methods, and the mainland's request should also prevent Hong Kong's wealth from being swept away by the British." ”

Don't say that a local government, that is, a multinational company, can use many methods to legally take away the funds, the money they made by using gold futures in the United States, as well as the annual profits of the United States, are also being transferred out of the United States through many legal means.

And a local government, want to do such a thing is simpler, in the original history, there are various restrictions of the Hong Kong government, to promote a total investment of more than 100 billion international airport plan, although this is also a must for Hong Kong society, but such a big project, there are too many cats in it, the follow-up because of this matter, the mainland, the United Kingdom and the United Kingdom have been arguing for a long time, and finally the two sides sent a team together to supervise, which is considered to be the end.

"I also know this truth, but only 50 hectares of land are transferred every year, coupled with the inflow of population and a large number of newborn babies in Hong Kong over the years, then Hong Kong's housing prices may rise much more than the previous bull markets." Chen Tianfu nodded and said, although in the past ten years, he has become the top real estate company in Hong Kong by relying on his son, but before, his scale has also achieved the second tier of Hong Kong real estate, which may not be as good as Li Jiacheng and others, but he also knows that several core factors in the real estate market, a person's age-appropriate population, and one is the amount of land supply, these two are the core factors.

"We don't need to care about this kind of thing, we just need to use this opportunity to develop our own family." Chen Zhiwen said with a light smile, with descendants, it is a family.

"In terms of land area in Hong Kong alone, our Chen family is already the largest landlord in Hong Kong, do you still want to compete with other real estate companies for land?" Chen Tianfu asked with a smile. The moon is full and it is lost, this truth has been left since ancient times, everyone understands, if you do too big, eat too much cake, it will always cause many people to be dissatisfied, although you are not afraid of them, but there are many ways to make money, there is no need to fight with others.

"I will not compete with other real estate peers in Hong Kong for residential land, this is when I invested in several real estate companies before, I mentioned to them, this money will cause infamy if I make too much money, it is better to let them go, and then I own the shares of these companies, each of which is more than 10 points, and the sum of several is not low, but if it is a high-quality commercial land, if I see it, I will naturally not let it go." Chen Zhiwen said.

The housing industry can be said to be the representative of the most direct interests of the people, a large amount of capital in Hong Kong into this market, will inevitably cause housing prices to skyrocket, and the larger self, if also entered, will only make housing prices rise more sharply, when the time comes, the Internet is scolded is their own, it is better to launch a person, to serve as this name, Lao Li is very good, he himself is also very capable, if he secretly helps, and then push him to the original historical position is not impossible, Anyway, he also has almost 18% of the shares of Cheung Kong Industrial, which is second only to the Li Jiacheng family, so the infamy is not in his own, and it is also very good, no matter what, the housing prices in Hong Kong will be so expensive in the future, so many real estate developers, there will always be one that will be launched.

However, it is not right to say that Li Jiacheng is the only one, the four major families in Hong Kong in the original history, in fact, Li Jiacheng has the least investment in Hong Kong real estate, and the others are higher, especially the Lee Shau Kee family, whose main wealth is almost all in Hong Kong, and Li Jiacheng is partly overseas, but in terms of value, Li Shau Kee is only slightly less than Li Jiacheng, and the other two are the same, but there is no way, who makes Li Jiacheng the most famous, while the other three have been low-key.

With Chen Zhiwen's current fame, it is already very big, and it is impossible to keep a low profile, but he controls the media, as long as he launches Li Jiacheng, and at the same time pushes his image in the direction of industry, and when the Internet appears in the future, he will invest in controlling part of it, which is enough to reverse his image.

But the residence is not touched, but the others are still needed, commercial real estate, and the people have nothing to do with it, at least the direct relationship is not, and the income is very considerable, the future of Harbour City, 10 billion rents a year, Hong Kong International Financial Center is similar, Exchange Square, it is estimated that there are billions a year, this kind of income, but almost a steady income, which Fortune 500 does not envy? In the future, the world's top automobile industry such as Toyota and Volkswagen will have a net profit of 10 or 20 billion US dollars a year, which may be the rental income of 20 or 30 buildings in Central or other prime locations in Hong Kong!

If stable income is obtained from here, then other real industries will have the confidence to carry out various expansions, and even sweep the global price war.

"One land still can't satisfy you." Chen Tianfu smiled and shook his head and said.

"Of course, the current Central is still far from the international metropolis, and there is still more room for development in the future." Chen Zhiwen said that there will be a large number of high-quality land for sale in Hong Kong in the future, or some old properties in high-quality locations to be sold or demolished, these are all opportunities, the original historical land, after 85 years, want to slowly move out of Hong Kong, not only did not expand, but sold several buildings, in this life, Chen Zhiwen will still arrange for Hongkong to expand, but even if it is commercial land, it will not be everything, just focus on the best location.

"Well, then I'll have to keep an eye on commercial land too." Chen Tianfu nodded and said, Hengyi Real Estate is also the wealth of the Chen family, and it will be given to grandchildren sooner or later in the future, and now it is naturally necessary to cooperate with Chen Zhiwen.

"Actually, if you want to get involved in the residential business, there is a special way." Chen Zhiwen said again.

"Oh, how?" Chen Tianfu asked.

"Do you remember that many years ago, we bought a batch of Type B official letters for land certificates? This thing, whether it is Hong Kong Britain now or in the future, is effective. Chen Zhiwen said with a light smile.

PS: Ask for a monthly pass at the end of the month (end of this chapter)