Not only the $920 million cashed out through the listing this time, but many of the previous profits in the United States were partially transferred out after paying taxes legally, and some remained in the United States, just waiting for the 87 stock market crash a few months later. Although the US dollar is now depreciating in mainstream currencies such as the Japanese yen, the British pound and the German mark, the opportunities caused by the stock market crash still have a greater rate of return, and the shares that can be obtained also have more long-term stable returns, far exceeding the speculative income of RB in recent years.

Of course, Chen Zhiwen will not go short, the first is that history has been interfered with too much by him, maybe the 87 stock market crash will still appear, but it may not be the same day, and shorting, it is necessary to master the right time, once wrong, it will lose a lot, the second is the risk, if the scale of the short is small, the interest is low, and the scale of the short is large, but it will be targeted by the US government departments, although it is not illegal, but foreigners in the United States to do this kind of thing, there will be a certain "special treatment", and they do it purely to find trouble.

The third is that the rate of return will not be outrageous, this kind of speculative cooperation, suitable for small capital when a gamble, you can get several times or even dozens of times the income, but if you invest more money, then it is impossible to have such a high rate of return, the original history of 1992, Soros vs. the Bank of England, mobilized a lot of money, but only made 1 billion US dollars, the only attractive point is to earn in one night, but the early stage also took months or even longer to prepare, the same way, The same was true in Southeast Asia from 1997 to 1998, in one year, Soros made three or five billion US dollars, which seems to be a lot, but for Chen Zhiwen, just buy more Coca-Cola stocks, and ten years later, there will be so much money, and there is no need to be so tired, do things that make people angry, and offend so many people.

Although there are many hedge funds in later generations, the proportion is still very low compared to the number of people who make a fortune by normal entrepreneurship and investment, and the upper limit of playing speculation is also very low, and it is easy to get a bad name, therefore, after Chen Zhiwen made a preliminary fortune, he basically does not participate in this kind of thing, even if there is any golden opportunity, it is also operated through normal means, such as the RB exchange rate and the real estate market, just participate in it directly, rather than desperately pulling leverage to do longHowever, his capital is large enough, and it is indeed unlikely that he will be desperately leveraged.

Costco's listing not only gave Chen Zhiwen the opportunity to cash out, the company itself also obtained more than $1 billion in funds, plus the previous financial surplus of more than ten years, the liquidity has been as high as a terrifying $2 billion, without any debts, such data, listed companies anywhere in the world are explosive, before the birth of Internet and high-tech enterprises, traditional industries, almost no such thing, which also makes Costco become a basically risk-free enterprise on the market. A lot of money is still pouring in, and the stock price is rising further. Costco itself, on the other hand, is focusing on the expansion of new stores, including the United States, Europe and South America, which is the focus of Costco's development in the next ten years, and it is also the direction set by Pierce and Chen Zhiwen.

Soon, another few months passed, in early October, at the request of Chen Zhiwen, several companies reached cooperation with a number of banks, quickly borrowed a total of more than 30 billion Hong Kong dollars, and raised almost 20 billion Hong Kong dollars from the United States and Hong Kong stock markets.

"It's strange, why is this Chen Zhiwen raising funds everywhere recently, not only HSBC, but also American banks, the stock market, Hong Kong and the United States stock market, he is raising funds." At the headquarters of Cheung Kong Industrial, Li Jiacheng looked at the data collected by his subordinates from everywhere and said a little strangely.

Over the years, in addition to using his various abilities to run a business, Li Jiacheng is staring at some successful people in Hong Kong, but as long as they do, it must be more or less useful, after all, a person's energy is limited, it is impossible to stare at so many things plus analysis, through what these people do, they can also better find good targets for Cheung Kong Industrial, of course, in most cases, they just know it, and it is unlikely that they will all be involved, at most some large markets or very rare cases, He will keep up, and all Hong Kong entrepreneurs, Chen Zhiwen is naturally the top priority, and it can even be said that one person is worth the others combined, but in recent years, Chen Zhiwen's main development direction is overseas, this area, at present, Cheung Kong obviously does not have this ability.

However, this time, Chen Zhiwen also borrowed heavily in Hong Kong, the stock market and banks have it, and the movement is very big, not only Li Jiacheng, but also other rich people know about it, Li Jiacheng even went overseas to investigate, and also found the same operation.

"Is there a big move, what big company is going to be acquired?" Zhuang Yueming asked.

"Unlike, purely acquiring a company, money will not be the first issue, obtaining the permission of the other party is, as long as the other party agrees, then naturally some investment banks are willing to give money, and if it is a hostile takeover, it must be very low-key, it is impossible to raise such fanfare." Li Jiacheng thought for a while, and then said: "This kind of operation is a bit like preparing to buy a lot of company shares or similar assets on a large scale, which is purely an economic acquisition." ”

"You mean, he's going to operate on a large scale in the stock market? Or a large-scale acquisition in real estate? Zhuang Yueming asked.

"Or mass commodities such as mining and land, these things, purely require a lot of money, but it's still a bit wrong, if you want to buy these, you don't need to raise so much money in such a short period of time, unless, these assets will soon depreciate greatly, and the opportunity is rare." Li Jiacheng seems to have grasped the point.

"The Great Devaluation? Economic crisis? Zhuang Yueming also understood, once there is a situation similar to the 83 Hong Kong real estate crisis, then if there is a large-scale fund-raising, there will be a lot of money in hand, you can copy the bottom, and then wait until the economy picks up, that is windfall profits, but the risk of doing so is still very large, because I don't know when the economy can pick up, and I don't know when the house price and land price are the lowest point, even if you know that the economic crisis will appear, but these two points are uncertain, once the estimation error, the same will still produce huge lossesTherefore, ordinary people do not dare to play like this.

"It can only be explained in this way, but looking at Hong Kong's economy, although it is a bit hot, it is not yet a crisis, but the US stock market has increased several times in recent years." Li Jiacheng said.

"Is he going to copy the bottom of the United States? That makes sense. Zhuang Yueming nodded and said, "Then what should we do?" ”

"Do nothing, just tighten the funds, and if the real crisis comes, it will also be an opportunity for us to expand." Li Jiacheng said: "Chen Zhiwen's capital is much larger than ours, he can play, we can't play, just follow behind to make a little money." Moreover, the global economy is highly tied up now, and if something goes wrong with the U.S. economy, Hong Kong will also be affected. ”

"Yes." Zhuang Yueming agreed.

As for Li Ka-shing, in the original history, he also raised HK$10 billion in the Hong Kong stock market before the 87 stock market crash, but there was no movement in this life, it is estimated that it was also because Hutchison was acquired by himself in the early days, and the follow-up HK Electric was the same, so that Li Ka-shing's development was seriously restricted, both the vision and the opportunity have changed, and there is no such thing.

The change of history is also normal, from the 70s to the present, the more it goes, the greater the impact, one is that the butterfly effect itself is getting bigger and bigger with the progress of time, and the other is that Chen Zhiwen's worth and influence are also getting bigger and bigger, just like the US stock market crash that originally occurred in October, it has not happened by the end of October, and Chen Zhiwen is a little uneasy.

However, such a major event, Chen Zhiwen's existence has an impact, but at most at the time level, the event itself is still the same, and on November 3, the stock market crash still came.

When the stock market is in a super-disaster, Western countries always like to call it Black Week, but it doesn't really mean anything, such as Black Tuesday.

The Dow Jones index fell 525 points in one day, a decline of more than 20%, the largest single-day decline since 1929, just this day, the Dow Jones lost more than 500 billion US dollars, equivalent to 1/8 of the GDP of the United States, this fund, if it is a country, the GDP can rank among the top 20 in the world.

Although the Internet has not yet appeared, but the global market has long been interrelated, such a plunge, immediately spread to Europe, Asia and other stock market trading venues, by the way, the global stock market has also fallen into a panic crash, regardless of the reason for the stock market crash in the United States, whether there is a similar situation in their own country, theoretically speaking, if not, it will not be affected too much, but under the panic, everyone is worried that the stock market will have this situation, so everyone is in a hurry to sell and cash out, And the large number of sell-offs that cause the stock price to plummet, which causes even more panic, which leads to more sell-offs, so to speak, is really a wish-fulfillment.

Hong Kong is naturally the same, although many people are blindly optimistic about Hong Kong's future real estate market and stock market, but when the world plummets, they all think that there will be a serious economic crisis in the world, and even the situation in 1929, in this case, a large number of people sell stocks, real estate, in an attempt to cash out a lot of cash, and even many people, large-scale gold stores to buy gold, because if there is really an unprecedented global crisis, then gold is the safest, Not to mention that a major economic crisis may lead to war, even those who know a little about the economy know that an economic crisis may also lead to currency depreciation, but the value of gold is eternal.

Seeing that the situation was not right, the Hong Kong Stock Exchange actually made an unprecedented decision to temporarily close the stock exchange for 4 days, which is equivalent to locking all transactions, which immediately attracted a lot of scolding, because many people are ready to cash out in a hurry.

The Hong Kong government's idea is very simple, that is, if this is only a short-term fluctuation, then wait for the foreign market to recover within a few days, or the confidence to recover a little first, then the Hong Kong stock market will reopen, there is no need to experience a plunge like other countries, although it may eventually return to normal, but in this process I don't know how many people will lose a lot, the negative impact on the economy is still very large, and even a group of people who jumped off the building, and if it is a long-term crisis, then stop for 4 days, and the impact is not great. What should come will come.

I have to say that although the trick stinks, but the starting point is still good, but, obviously, even if it is a temporary short-term crisis, it is impossible to return to normal in 4 days, and even in many places, 4 days, the panic is not over, and the Hong Kong government, it is impossible to suspend the Hong Kong Stock Exchange all the time, too many shareholders are protesting, impacting, they all think that once the stock market can be re-traded, they can cash out, but the fact is that they can't escape at all, once the stock market reopens, The value of the assets in hand will immediately plummet, and in the face of this situation, the Hong Kong government can only let go.

4 days of panic accumulation, re-opening, let the Hong Kong stock market fall 460 points in one day, the Hang Seng Index fell 12.5%, although not as exaggerated as the United States, but Hong Kong's economy, can not be as resilient as the United States, after the stock market plummeted, the housing market also immediately went out, the two complement each other, most of the listed companies themselves are real estate companies, and the average shareholder loses money, and will no longer be in a hurry to buy a house, the entire Hong Kong economy, caught in a short-term dead cycle, Even the real estate auction that was originally planned to be held was also postponed, otherwise, the transaction price was very low or the auction was lost, which would have a worse impact.

On November 9, the new Hong Kong Governor Wilson who just took office this year hurriedly invited all the heads of large Hong Kong companies, including Chen Zhiwen, Li Ka-shing, Bao Yugang, Lee Shau-kee, etc., today's Hong Kong, most of the wealth has been controlled by the Chinese, only a few British companies such as Swire and HSBC can be regarded as giants.

"Ladies and gentlemen, I think you are aware of the recent economic situation, so we hope that we can work together to solve the current problem." Wilson said straight to the point.

"Mr. Governor, the essence of the economic crisis is that there is a problem in Europe and the United States, how should we solve it?" One asked.

"Sorry, my Cantonese isn't very good yet, maybe I'm not very precise in my words, I mean, alleviate the problem." Wilson added: "We hope that you can raise funds to buy back your company's shares, so that in the short term, it can increase the overall stock price, but also improve the confidence of shareholders, for everyone here, this is also an opportunity to buy your own shares at a low price, I don't think everyone will miss it, right?" ”

"Mr. Governor, that's true, but at the moment, we don't have enough funds?" Zheng Yutong followed.

"This is not a problem, I have discussed with Mr. Hong Kong Governor, anyone who is willing to buy back his company's shares can get a preferential loan from my HSBC bank, and the interest is very low." Davis, HSBC's new president, said. (End of chapter)