Lin Zhichao returned to Hong Kong from overseas in mid-January 1973.

This overseas trip is mainly to deal with the 'Victoria Harbour Investment':

First of all, the $720 million worth of U.S. stock investment will be sold off in two months, waiting for the bottom after the oil crisis (1974.5). In fact, Lin Zhichao is not very clear about the specific market, so there may be a little deviation, but the overall operation is definitely right; Then Harbour Investment buys the 'Beautiful 50' stocks, so there is absolutely nothing wrong with operating with the broader market, because the 'Beautiful 50' is the large-cap index.

Secondly, Lin Zhichao went to the cooperative banks in Switzerland and London to inspect the gold purchasing situation, everything is going well, and now Victoria Harbour Investment has 150 tons of gold spots, respectively in Switzerland, London, Hong Kong bank vaults, the cost price is 60 US dollars per ounce (the current price is 65 US dollars per ounce), a total consumption of about 1.8 billion Hong Kong dollars. These funds are the profit dividends of the global group, and the profits of this year and a half have not been wasted.

In the end, Lin Zhichao, of course, participated in the board of directors of Audrey Company, visited Audrey Company, and communicated with Audrey Hepburn privately to make some layouts. At present, Audrey Company has become the largest toy manufacturer in the United States with two toy IPs - Barbie and Transformers, overwhelming the crowd; In addition, the achievements in the field of video games have naturally increased the influence of the company.

After returning to Hong Kong, Lin Zhichao came to the office of Cheung Kong Asset Group on his first day.

From the moment Cheung Kong Group was listed, its position in Lin Zhichao's heart has slightly surpassed that of Global Group and Changjiang Industrial Group.

In the office, although Lin Zhichao came to the company for the first time, the executives did not report for the first time. Everyone has become accustomed to the boss's one-time business trip being a month's rule, so there is no urgent matter to report.

This time she went abroad, as the director of Cheung Kong, Tang Caiyun, and even followed Lin Zhichao, and it was the couple who went abroad together; Even so, Cheung Kong Industrial Group can also operate stably, after all, there is a son Lin Ruihuan in the company as a spiritual symbol.

Sitting in the office, Lin Zhichao was thinking about personal cash flow.

The total value of gold and stocks invested in Victoria Harbour has reached about 6 billion Hong Kong dollars; If gold is left alone, there is also a cash flow of 4.2 billion Hong Kong dollars about to be cashed out.

The shares of Victoria Harbour Real Estate are also about to be cashed out, and it is expected to have a cash flow of 10~1.2 billion; Combined with the remaining funds from the sale of land and property, and rental income, it can be almost HK$200 million; In total, it is almost 1.3~1.4 billion cash flow. In addition, from this year, Victoria Harbour Real Estate will be able to collect about 150 million yuan in rent every year (3.25 million square feet of nine Grade A office buildings in Central, and other regional properties).

It's so rich!

"Boss" Lin Shaodong became the first senior to report to him.

"Well, sit at the conference table!" Lin Zhichao took paper and pen and came to the conference table in the office.

Subsequently, the two had a separate exchange.

These senior executives all know that Lin Zhichao is not only the company's 'spiritual pillar', but also a 'business god' who is very familiar with the business and is good at layout. So, they cherish this individual communication very much, which is very helpful for their work.

"The eight 7~11 convenience stores opened last year have all been successful again, and each store can maintain profitability at present.7~11 convenience stores currently have 23 stores in Hong Kong, while our rival OK convenience stores only have 4 stores.7-11 convenience stores have doubled the size of their stores, so that OK convenience stores also understand that we are taking an attitude towards challengers, and they are cautious about opening stores."

Lin Zhichao immediately said: "Is our warehouse big enough? Can it meet the scale of materials stored for more than half a year? ”

Lin Shaodong immediately replied: "No, the warehouse is not big enough." However, we can quickly lease the land of the group and build a warehouse, which can be completed in half a year at most, doubling the capacity. ”

He didn't know why the boss suddenly wanted to expand the warehouse, but he knew that the boss didn't like the management to just say 'no' and not give a solution.

Lin Zhichao nodded and said, "Then go ahead and double the warehouse, after all, our supermarket has also opened one, and there are plans for two this year." At the same time, increase the preparation of reserves, I can tell you unambiguously - the oil crisis is coming, and everything will have to rise! ”

Lin Shaodong said in surprise: "I didn't expect it to be so powerful!" On the 2nd, the six major suppliers of the United Kingdom and the United States, which dominate Hong Kong's energy market, Shell, Mobil, Goldfull, Texaco, Peninsula, and Standard, announced that they would raise the prices of petroleum and related products from January 3, citing the rise in international oil prices, with an overall growth of 4.5%. ”

To be honest, Lin Zhichao was also surprised by these - since the beginning of this year, the situation in the Middle East has been tense, and some oil-producing countries have reduced production, making international oil prices rise.

He always thought that the oil crisis was an emergency!

Now he understands that the oil crisis could be a cyclical and gradual time, with oil prices rising once or twice before the start of the war in October.

If this trend continues, the overall price of goods in Hong Kong will increase by about 30%, just like the depreciation of the pound in that year, resulting in a high cost of living for everyone.

"Now the layout is still too late, once the Middle East fights, the cost of living will increase by at least 20~30%, we must pay close attention to the reserve of materials, reduce costs. If the warehouse is insufficient, you can lease it first, but there is one point, there must be no loopholes in warehouse management."

For now, the specific impact of a 4.5% increase in oil prices will not be so obvious.

Lin Shaodong said: "No problem, I will definitely do a good job in this regard. This year, our plan is to open eight convenience stores and two supermarkets."

The speed of convenience stores is fast enough, which is based on the overall planning of Hong Kong's economic development, after all, the opening requirement of convenience stores is consumption power. If this trend continues, by the 80s, there were about 80 7-Eleven; In the past, convenience stores only appeared in Hong Kong in the 80s. It's not that the seventies are not suitable for driving, it's that no one has that kind of vision.

As for the supermarket, Lin Zhichao is also a relatively stable store opening plan, and he can't rush in; After all, once Hutchison Whampoa is acquired, then the two supermarkets will have to merge.

"What do you think of the retail business between us and the Jardine Matheson Consortium and the Hutchison Consortium in all aspects?" Lin Zhichao threw this question.

Lin Shaodong thought for a while, and then said: "These two consortia have a large number of trading and retail talents, and a long history of trading and retail experience. However, we also officially entered the retail industry in 1968, opening the door to the retail field with convenience stores, and accumulating a lot of channels and experience. In the later stage, we have strengthened cooperation with many traders such as Hengchang and Li & Fung, and cooperated with Nissin Company of Japan to make up for the shortcomings in the supply chain, and now we can reach the level of competition in the supply chain. Overall, 7~11 convenience stores have laid a solid foundation for our retail industry, so we are not weaker than the development potential of these two consortiums at present. ”

Lin Zhichao said: "Then strengthen the development of 7~11 convenience stores, as for supermarkets, they can be slightly conservative development." ”

Hong Kong 7~11 convenience store is definitely the world's most advanced management convenience store model, even the service is no worse than Japan (originally also a tutor-trained clerk in the Japanese retail field). Its biggest feature is - convenience, Hong Kong 7~11 fast food is no less than a restaurant chain, and the daily bento is very popular among white-collar workers; In addition, 7-Eleven convenience stores in Hong Kong will also be classified according to the location and the surrounding crowd, and the products are different, such as opening in places with more residents, and there are obvious daily necessities such as rice and cooking oil at the door, while in the office area, they mainly provide better white-collar services.

Lin Shaodong nodded and said, "Well, I understand what the boss meant. He wrote it down in his notebook.

Everyone in the supermarket has just started, and there is no need to exert force now. 7-Eleven convenience stores are the cornerstone of the retail industry and need to be more reliable.

Subsequently, Lin Shaodong continued to report: "After the launch of Café de Coral Fast Food, the development is very good and we are ready to open a high-end Cantonese restaurant. Jumbo Seafood Restaurant is expected to open in 1975."

Café de Coral Fast Food Group finally raised 12.5 million Hong Kong dollars, exceeding Lin Zhichao's expectations; After the listing, Cheung Kong Retail held 37.5% of the shares, making it the largest single shareholder.

Lin Yunchu, Lin Zhihao, Lin Zhiyi, Lin Caier, a company formed by father and son, holding 37.5% of the shares, Lin Zhihao accounts for about 22.5% of the shares, and serves as the chairman of the board of directors and general manager; Lin Zhiyi and Lin Caiyi also joined Café de Coral Restaurant Group and became the management of the group.

Lin Zhichao's three cousins all went to college, after all, he funded them back then, so it was impossible not to go to college, but it was not a famous school.

The three siblings joined the Café de Coralle Restaurant Group together, which was the result of the intervention of Lin Zhichao and Lin Yunchu's uncle and nephew, and Lin Zhihao had no opinion.

"Well, over there of Café de Coral Restaurant Group, let their three brothers and sisters manage it, and we will do a good job of supervision!"

"Okay"

The next day, Lin Zhichao came to the office of MacLehose in Hong Kong.

Lin Zhichao knows that the Hong Kong government and MacLehose have been worried about the stock market recently.

Due to the high speculation in the stock market, the Hong Kong government is worried that if it collapses, it will cause social unrest and unrest; Therefore, on the 11th, MacLehose publicly called on investors not to speculate excessively, and even directly pointed out that the government is really considering intervening in the stock market to curb excessive speculation.

As soon as MacLehose's words fell, the China Banking Regulatory Office issued a notice and warning, and the Fire Bureau also dispatched to order the exchange to 'evacuate the crowd'.In this case, the Hang Seng Index fell 68 points on the 12th to close at 925 points.

But this kind of intervention was immediately criticized by the society, after all, everyone was red-eyed.

Li Fuzhao of the Far Eastern Exchange even criticized publicly: "If Sir MacLehose likes it, let him run the Far Eastern Stock Exchange. ”

Investors believe that the government has used drugs too aggressively and implemented them too quickly, which has hindered the self-regulation of the market.

"Sir Lam, as a business leader, what do you think about the current situation in the stock market?" As soon as MacLehose met, he quickly explained the reason for looking for Lin Zhichao.

Lin Zhichao didn't hide it, and said directly: "Most of the citizens don't know what stocks are, so they carry out capital into the market. In this case, there is a high probability of a collapse, and it is only in the past few months, which will probably become a lesson for Hong Kong to become a world financial metropolis! ”

Although leeks are available every year, this year is clearly the most!

Now the daily trading volume is more than 500 million, and the monthly trading volume is more than 10 billion; Last year, the total transaction volume was close to 50 billion, and this year, if this situation continues, it will be 100 billion yuan. Not only local citizens are speculating, but a large amount of overseas capital has also entered the Hong Kong stock market.

MacLehose was stunned, he didn't expect Lin Zhichao to be so direct, so he said: "Then can you please call for it publicly, after all, once a collapse occurs, the society will produce a large number of unstable factors, which will affect the real economy." ”

Lin Zhichao nodded seriously and said, "I will see the newspaper tomorrow to make an appeal, this is my social responsibility!" ”

MacLehose said: "Sir Lin is righteous! ”

Lin Zhichao said modestly: "Actually, I also have a lot of investments in the stock market, but I don't value these investments, I prefer the stable development of Hong Kong's economy." ”

MacLehose nodded, he felt that Lin Zhichao's sense of social responsibility was very strong, after all, if he also had investment, this was harming his own interests.

In fact, Lin Zhichao really doesn't care much about his billion-dollar wealth in the stock market, even if the stock market collapses because of his appeal, he won't feel a lot of heartache. Of course, it is theoretically impossible to possibly have the influence of the Governor of Hong Kong and Sandas, at least in the financial field.

Next, Lin Zhichao also had something to communicate with MacLehose: "Sir MacLehose, I want to promote the Hong Kong Polytechnic to be upgraded to the Hong Kong Polytechnic University as soon as possible, and I am willing to provide greater financial support for this, and I hope the Hong Kong government can also give support." ”

"It's good that Mr. Lin is willing to push for this, but Polytechnic University has high requirements in all aspects, and if it is too eager, it is prone to problems," MacLehose said. When there is a problem in education, it is a loss for the whole society. ”

"I'm talking about speeding up, not venturing into Hong Kong's rapid electronics industry, but it's just the assembly industry. In this situation of rapid technological development, Hong Kong will also experience industrial upgrading in the future, and if it can have the strength in science and technology, then Hong Kong will become a first-class developed city integrating trade, finance, industry and tourism."

MacLehose can be rated as one of the best governors of Hong Kong by later generations, and it must be that he is particularly powerful, that is, he can really think about Hong Kong. Therefore, if he had promoted the establishment of the Hong Kong Polytechnic University during his tenure, then there would have been a lot of science and engineering talents in Hong Kong in the 80s.

"Well, I'll pay attention to this later, anyway, Sir Lin is willing to help students, which is definitely a good thing."

"Yes, I am from Hong Kong, and of course I hope Hong Kong is better."

If the board of directors and the school of the Hong Kong Polytechnic dare to ask Lin Zhichao to become the Hong Kong Polytechnic University (upgrade) within five years, then he can come up with 200 million yuan of funds for the school in five years.

At present, the Hong Kong Polytechnic also offers tertiary courses related to computer electronics, but it is obviously not enough.

Sunday, January 14.

Lin Zhichao published the news of 'Lin Zhichao teaches you to speculate in stocks' in his own newspaper "Oriental Daily", which says: Stock speculation should pursue value investment and compound interest, rather than blindly chasing high.

Specifically, he analyzed:

Before 1968, Warren Buffett, a financial genius on Wall Street, lamented that he could no longer find cheap stocks that met the criteria, so he decided to delist, and the result was exactly what predicted the stock market crash in 1969. The Chinese financial genius Cai Zhiyong, the non-value stocks he pursued, had a heavy speculative meaning, which eventually led to his defeat of Warren Buffett.

Pursue compound interest, look for high-quality stocks with low price-earnings ratio and high growth, and have a stable rate of return every year, assuming that the annual rate of return is 20%, and you will be able to be free in wealth after 20 years.

Lin Zhichao used cases and data as a basis to call on everyone not to speculate and choose stocks rationally. He also clearly pointed out that today's Hong Kong stock market is a speculative market, an irrational market, and a fragile stock market, and many stocks have excessively high price-earnings ratios.

For a time, the society was filled with a lot of discussions.

"It's the king of heaven Lao Tzu, I also want to say that the current stock market is to pick up money! These big people worry about the sky every day, but they don't know that they are full and hungry! ”

"That's it! Saying what is good for everyone is not just allowing them to get rich, not allowing us to get rich. ”

"However, I'm afraid I'll have to fall a lot tomorrow, it's all because of Lin Zhichao!"

"If it falls tomorrow, I'll take the bottom!"

That's the majority of opinions!

Lin Zhichao had already calculated it, so he didn't say anything very direct, but analyzed useful things for everyone.

Therefore, there must be more rational people, but there are fewer of them.

Lin Zhichao ignored the voices outside, he did this just to fulfill the responsibility of a 'Hong Kong business leader'. He had long known that in this frenzied atmosphere, someone would shoot the exchange with a gun, and after a day or two, before the blood was dry, the exchange would be lively again.

Today is the eldest son Lin Ruihuan's girlfriend Luo Huijun visiting home, and Lin Zhichao also warmly entertained others with Tang Caiyun and Xu Caiying.

For this daughter-in-law, Lin Zhichao is still satisfied, in fact, it is the first time they have met, as for why he is satisfied?

First of all, there is no problem with the background, you don't need to be rich and noble, but you must have a normal family background.

Secondly, Luo Huijun is an alumnus of his son Lin Ruihuan, and he can be regarded as a good match.

In the end, the two have been in love for more than three years, which shows that the relationship is stable, and Lin Zhichao has no reason to disagree.

"Dad, you're in trouble!"

Just as everyone was chatting happily in the living room, Lin Ruijiang walked in from the outside, holding a newspaper in his hand and preaching.

Before Lin Zhichao could open his mouth, Tang Caiyun's face was blank, and he said seriously: "I haven't come to see your future sister-in-law, what are you fuss about!" Also, I ran out early in the morning and didn't come back until now, I don't know if there are guests today? ”

Lin Ruijiang immediately said with a smile: "I met Sister Jun, what should I do so politely!" ”

Luo Huijun immediately said: "Well, we have eaten together, we have known each other for a long time, and we have a good relationship!" ”

With Luo Huijun opening his mouth, Tang Caiyun did not pursue Lin Ruijiang's 'unreasonableness' - today the whole family is waiting for the future eldest daughter-in-law at home, but this kid drove out at six o'clock in the morning.

Then, Lin Ruijiang picked up the newspaper and said: "Dad, you don't know how crazy those shareholders outside are now, none of them stop talking, you made this remark today, I'm afraid there are tens of thousands of people who scold you." ”

Lin Zhichao said angrily: "Did you hear it outside? ”

Lin Ruijiang nodded and said, "It's not!" I want to retort for you, but I'm afraid of being beaten. ”

Lin Zhichao smiled: "I see that you are not afraid of coming back and being beaten!" ”

At this time, Luo Huijun said: "Uncle's words are very reasonable, and someone will listen to them." What's more, my uncle is a leader in Hong Kong's business community, so it is obviously not possible to stand up and call for it. ”

This girl can still speak, after all, she is a top student, and she is an assistant of IWC, and she understands these financial things.

Subsequently, Lin Zhichao said: "The two of you have also talked for three and a half years, you can consider getting married, Ruihuan, please invite Huijun's parents to Hong Kong sincerely and politely later, and then stay at the Miramar Hotel, you have to get their approval first." ”

Neither of the two children had met each other's parents before, but it was clear that they were in a relationship.

Lin Ruihuan immediately said seriously: "Yes, father!" ”

Lin Zhichao nodded and said, "Only if you get the approval of Huijun's parents, can our parents sit down seriously to discuss your marriage." ”

Other people's parents must also be worried, Lin Ruihuan is from such a family, whether there are those common problems of the rich second generation, and whether it will make their daughter sad.

As for the two getting married, Lin Zhichao prefers to wait for the Shangri-La Hotel (Burj Al Arab) to open, and then hold it.

The hotel topped out last year and was expected to open in the summer of 1974.

(End of chapter)