Following the momentum of last Friday, the morning (morning) opened, and the cost of each share was still spectacular. However, this momentum was only a flash in the pan, and it was hit by huge swallowing pressure before long, causing the price of each share to fall one after another. According to people in the stock market, the main reason for yesterday's decline was the tightening of bank borrowing by brokers. At the same time, the bearish friend also took the opportunity to make the stock market trend weaker yesterday...... The total trading volume fell to 497 million yuan, while the Hang Seng Index was at 1,814.90 points.

———— Sing Tao Daily, March 13, 1973

Yesterday, the stock market not only fell sharply, but the market also fell very low...... The stock market has such an atmosphere because, on the one hand, the monetary market has tightened, and secondly, the problem of three fake shares of Hopewell Company has been discovered, which has caused some "scrubbers" (holders) to be sincerely panicked and wonder whether the stocks they hold are counterfeit. As soon as the news spread, there were many people who blindly followed the trend, and the 'light friends' also took the opportunity to scare the market (intimidation), resulting in a decline in the stock market...... (Yesterday) the total turnover reached 423 million yuan, and the Hang Seng Index closed at 1680.25 points.

—Sing Tao Daily, March 15, 1973

The discovery of a few fake stocks caused the stock price to fall continuously, which shows that the Hong Kong stock market is inherently fragile and cannot afford to be blown by a little wind...... Recently, the stock market has been in a frenzy, and almost everyone is engaged in the application (subscription) and trading of stocks, and the motive is not to invest in value preservation, but to speculate in order to make huge profits...... For this situation, people with a clear mind will feel that there is a great danger in it.

—Oriental Daily, March 15, 1973

On that day, the Hang Seng Index fell from 1507.98 points to 1319.28 points, a one-day decline of 188.70 points, a decline of more than 10%, which greatly shook the market. I don't know if there are people with ulterior motives who are fueling the fire, or if there are really 'big friends' who believe that the 'falling market' is only a technical adjustment, and a small number of people in the market say that 'the stock market will soon stop falling and rebound', so it is recommended to 'buy while the dip'.

—Sing Tao Daily, March 26, 1973

The stock market has fallen sharply for several days...... Many stockholders are anxious and frightened in the face of this miserable downturn, and there is a tendency to talk about a tiger changing color. The point is that local investors, especially those who blindly follow the herd and have no investment knowledge, are too naïve to see the stock market. They stir up a gambling instinct for paper wealth, thinking that the stock market is an inexhaustible gold mine, and completely ignorant of the truth of the stock market wrapped in sugar...... Some surprising touches can be found in the prospectus of some new shares, such as the date of formation of the company is only one or two months before listing, and the majority of the company's assets are purchased from the company's directors.

—Oriental Daily, March 27, 1973

In fact, in the early days of the stock market's decline from its highs, not only did some people in the market believe that it was only a technical adjustment, but the Hong Kong government also believed that it was a short-term phenomenon. For this reason, the Inland Revenue Department (IRD) also published an advertisement on April 4 that 'profits from stock trading are taxable', planning to tax stock investors, which made many investors even more panicked and exacerbated the sell-off in the market. On April 9, the Hang Seng Index finally fell below the psychological threshold of 1,000 points, closing at 994.50 points, turning the atmosphere from pessimism to panic. In fact, in just 30 days, the Hang Seng Index has fallen by more than 800 points, a drop of nearly 50%. The urgency of the decline and the magnitude of the decline are really 'talking about the color change of stocks'.

—Oriental Daily, April 10, 1973

Be high-spirited when you win money, and be depressed when you lose money, according to a seafood agent, since last year...... The daily rise and fall of seafood prices in the north and south lines is similar to the ups and downs of the stock market, indicating that the joys, sorrows and sorrows of investors have been closely linked to the ups and downs of the stock market.

—Sing Tao Daily, April 10, 1973

Cheung Kong Asset Group.

"Lin Shengzao"

"Lin Sheng"

In the morning, Lin Zhichao came to the office area, and the staff greeted each other.

The male staff wears formal clothes and watches on their hands, and they look like proper white-collar workers; Female staff are also professional work clothes, capable and eye-catching.

These employees of Cheung Kong Group are all high-income earners, with a monthly salary of more than HK$1,500, while the average family income in Hong Kong is only HK$1,200. Cheung Kong Group has fewer female employees, accounting for about 20%, but for the whole Hong Kong enterprises, the proportion is relatively high.

Lin Zhichao looked at these employees who gave him adoring eyes, and said gently: "None of you are still speculating in stocks, have you cleared your positions, I advise you to cut your positions immediately, and don't feel heartache if you lose any amount." Go to work with peace of mind, and you can recover in a few years. ”

As soon as the words fell, some people were happy and some were sad!

A male employee said: "At the beginning of March, the company's management warned us that those who speculated in stocks should quickly cash out, so almost everyone made money out!" ”

Lin Zhichao nodded, he arranged it for the company's management to advise everyone in March, this is also for the stability of the company, and he has already made a profit anyway.

Of course, there are no absolutes!

Sure enough, a staff member cautiously asked, "Is there a possibility of a rebound?" ”

Lin Zhichao scolded with a smile: "Take your head to rebound, see you at five hundred points this year!" Disobedient children will suffer a big loss! ”

A relaxed smile rang out in the writing room, and a handful of employees were already planning to make a phone call. If you sell it now, at least you can lose less, if you really see it at 500 points, I am afraid that the capital will be saved, and some people will be in debt.

In the morning, Lin Zhichao was in the office and had a meeting with the three giants of Cheung Kong.

"This year, as much as possible to package the real estate and increase sales, even if it is expected to be a real estate that will open next year, it can be moved to this year's sales, which is the best situation next year, and I am afraid that it is not optimistic. Of course, Cheung Kong Industrial Group has become a listed company, and it is impossible to have a bad real estate situation as before, so it will not develop, and the problem will be even greater! ”

Hu Zhaoxu nodded seriously and said: "I understand what the boss meant, adjust the strategy as soon as possible, sell the real estate that should be sold as soon as possible, and return the funds!" ”

They have worked together for many years, and everyone doesn't need to ask the boss too much to understand the boss's plan.

Next, Huang Changhong said: "Now that the stock market crash is happening, many real estate listed companies take the funds raised to speculate in stocks, and I am afraid that there will soon be many real estate companies with serious losses and even on the verge of bankruptcy. I suggest that we can continue to increase the area of our commercial buildings in the future to increase stable rental income. ”

Lin Zhichao thought about it seriously, everything is two-sided, increasing the area of commercial buildings, but the rent generally takes 7~10 years to return to the capital, and if the development of residential real estate, it is basically two or three years to get back all the investment, and there is profit.

So, he said: "You can invest, but if you invest too much, it's important not to buy it this year, because the price will fall, so think about it next year!" ”

Huang Changhong said: "What if there is a real estate company that is in a financial situation and is willing to sell at a low price? ”

Lin Zhichao said: "Then it depends on how much cheaper it can be, this wave of real estate is very likely to fall by 30%, and the stock pulls the ground and the powder keg in the Middle East, these are all risks." ”

"I see!"

In fact, there will be no loss when buying now, for any listed company, the decline in stock itself does not have a great impact on the company, and it has not caused a reduction in real assets; Therefore, they take cash to buy property, which increases the value of assets; You can even issue new shares to buy property assets, as long as the new shares are bought.

To sum up this meeting, it is better to continue to increase cash flow, and at the same time, do not enter the bottom too early.

Lin Zhichao also wants Cheung Kong Industrial Group to invest overseas during the oil crisis, so the more funds, the better. At the same time, the company's debt is very low, only tens of millions of Hong Kong dollars, so it can also borrow from banks.

Luo Huijun's parents Luo Ruihua and Zhao Qiaofeng arrived in Hong Kong, and Lin Ruihuan personally greeted them from the airport and arranged them at the Miramar Hotel.

Along the way, Luo Ruihua was quite worried that his future son-in-law was too rich, and it was inevitable that he would have the temper of his son-in-law. I am also worried that my future son-in-law is too good and not sincere enough to my daughter.

He heard his daughter Luo Huijun say that Lin Ruihuan was admitted to Harvard at the age of sixteen and received scholarships every year; Although he thinks that his daughter is also good enough, Lin Ruihuan's family background still puts a lot of pressure on him.

Of course, he also hopes that his daughter can be happy.

Along the way, Lin Ruihuan drove seriously, and at the same time asked for warmth, his attitude was very sincere, and he was not pretentious at all.

Luo Ruihua and Zhao Qiaofeng suddenly felt a lot more good in their hearts, and this first impression can show that Lin Ruihuan is indeed as her daughter said, and she has no son at all. No, it's not a good car, and there are no drivers and bodyguards.

The car came to the Miramar Hotel smoothly, and Lin Ruihuan was about to take his future father-in-law and mother-in-law to eat first, so he walked towards the hotel.

Once you're sitting down, order food and pour wine

And Lin Ruihuan also took the initiative to pick up the wine glass, and the first formal sentence was: "Uncle, can I make friends with your daughter?" ”

Between the words, it reveals sincerity and humility, without the arrogance of a big family.

Luo Ruihua said with a smile: "Listen to Huijun, you have been talking for almost four years, as long as my daughter likes it, I will be happy for her!" ”

In fact, it's recognition!

Lin Ruihuan said: "Thank you uncle and aunt for your support, this time you come to Hong Kong, I will be your guide and take you to understand this emerging metropolis." ”

Luo Ruihua and Zhao Qiaofeng were naturally overjoyed, and they kept listening to their daughter talk about how good Hong Kong is and how fast it is developing. But the future son-in-law was not invited, so it was not good to come to Hong Kong rashly. Fortunately, the young people are measured, and their daughter has been in Hong Kong for almost 10 months, so they can finally come and experience it.

Subsequently, Lin Ruihuan and his future father-in-law and mother-in-law had a very happy conversation, he had a calm but not quiet personality, and he had a feeling worthy of trust.

"Huijun, you have been in Hong Kong for so long, have you visited some of Ruihuan's parents?" Luo Ruihua preached deliberately.

Now, he is very satisfied with his future son-in-law, so what is the attitude of his future in-laws towards his daughter is the most important.

Although he has not met his future in-laws, he is also like thunder - the world ship king, Hong Kong Chinese leader. and many other honors.

Luo Huijun immediately said: "Dad, I have already visited Uncle Lin and the two aunts, and they are very good to me. ”

Luo Ruihua almost didn't react, but fortunately Zhao Qiaofeng pinched him, and he reacted, listening to his daughter, the future in-laws have two legal wives, the reason is that polygamy was allowed in Hong Kong before 1971.

Of course he wouldn't mind! As long as his son-in-law doesn't have that kind of thought.

Lin Ruihuan also said: "Uncle and aunt, don't worry, my father and mother like Huijun very much, their attitude is as open-minded as yours, just say that we like each other, and one more is Chinese, nothing else." ”

Luo Ruihua suddenly breathed a sigh of relief in his heart, no matter how good his son-in-law is, he must like the other party's parents, otherwise it will be no good thing to marry into the door.

In the evening, Lin Xin'er and her husband Lin Benfeng came to No. 79 Deep Water Bay as a guest, the two already have a son and a daughter, because it is a late marriage, and Lin Xin'er is forty years old, it is impossible to have any more children.

Lin Xiner is currently the deputy general manager of Miramar Hotel, and Lin Benfeng has achieved middle-level management in the HSBC Group's subordinate company, 'Victorious Enterprise', and has developed quite well.

"Benfeng, Xin'er got married late, and she couldn't give you one more child!" During the banquet, Lin Zhichao said with a sigh.

Lin Benfeng hurriedly sat up straight and said seriously: "Brother, I can have two children, I am already fortunate to have three lives, and I am very content." Xin'er just wants to give birth, and I will never let her give birth, after all, the body is important. ”

He has a sincere attitude and is very steady in his work. In fact, Lin Benfeng can be regarded as a 'late bloomer', and he has also appreciated and increased his salary rapidly in recent years.

Lin Zhichao naturally can't give him a relationship, and HSBC actually has nothing to do with him, he, the vice chairman, is just a mascot.

Lin Xin'er immediately smiled and said: "You want to be beautiful, why should I want to have another one, isn't it good to have a son and a daughter!" ”

Lin Benfeng responded with a smile: "I mean hypothesis! ”

The relationship between the two is still very good, Lin Xin'er was strong at the beginning, but she did not deprive Lin Benfeng of her career, and she was busy giving birth to two children. Lin Benfeng is very loyal and has ability, even Lin Zhichao can see it, but the time has not come.

Subsequently, Lin Zhichao said: "I asked you to come today, there are two things in total. The first is Sotheby's entry into Hong Kong, where a spring auction will be held in the lobby of the Mandarin Hotel on Saturday, which will be filled with Chinese porcelain, calligraphy and paintings. It's not easy for me to come forward to fight, but I also have a habit of collecting porcelain, so I'm going to let the two of you take pictures for me. ”

Sotheby's has always wanted to enter Asia, and the first choice was Tokyo, but due to many troubles in Japan, it eventually failed; So, this year, it moved to Hong Kong, and the auction was held this week. Sotheby's usually holds spring and autumn auctions (April and October), with additional auctions in special cases.

Lin Xin'er said: "Which one to shoot, or shoot it all!" After saying that, I couldn't help but laugh.

Lin Zhichao said indifferently: "You make up your mind for me, but I have a request, that is, the more expensive the price, the more important it is, and you can choose three or five of the most expensive collections in an auction." Of course, in terms of porcelain, you can focus on the Ru kiln of the Northern Song Dynasty, the Yuan blue and white kiln of the Yuan Dynasty, and the Chenghua official kiln of the Ming Dynasty."

All the auctions are basically high-quality products; Anything that is expensive at auction has a high potential for absolute appreciation. Lin Zhichao is a collector of the business, but he summed up the classic operation methods.

Of course, he still has some experience in collecting porcelain.

Lin Xin'er nodded and said seriously: "I remember!" ”

Lin Zhichao smiled: "What's the use of remembering, Benfeng, have you remembered?" ”

Lin Xin'er pouted, but she was very happy in her heart, after all, her husband was doing things for her brother for the first time.

Lin Benfeng immediately said seriously: "I remember!" The auction is the hottest auction, with three or five pieces of the collection, and the porcelain is the focus." He did not forget to repeat it.

Lin Zhichao said: "Well, the second thing, I just want Benfeng to join my private investment company, and you can make your own decisions about investment management in Asian securities!" ”

He had already seen Lin Xin'er making small moves, and at a glance, he knew that his sister wanted her husband to join the Lin family's business.

In Lin Xin'er's subconscious, the two of them should fight for the Lin family, especially hoping that their husband can gain the trust of their brother.

After thinking about it seriously, Lin Benfeng said, "I'm willing to listen to my brother's arrangement!" ”

In fact, he planned to listen to his wife from the beginning, the relationship between their husband and wife, he was willing to give everything, he loved his wife more than everything; The reason why he hesitated was because he was worried that his eldest brother felt that he was not sincere in joining, but was forced by his wife's pressure, which caused a misunderstanding.

Lin Zhichao nodded and said, "Okay, tell me later after you complete the formalities." ”

His brother-in-law, he has been observing for many years, and he has allowed him to fight in the HSBC Group. Although he is not a top financial genius like Yuan Tianfan and Liang Botao in the back, he is also an elite, and the most important thing is that he likes the focus of this brother-in-law.

As long as he is focused on his sister, he is focused on the Lin family.

Lin Xin'er was so happy that she almost shed tears, her husband could join the Lin family, naturally it has always been his hope, but the first is that her brother did not speak, and the second is that she has to take care of her husband's emotions.

Lin Benfeng hurriedly held Lin Xin'er's hand and comforted her.

Lin Zhichao nodded in his heart, sometimes relatives can also be reused. For example, Li Zeju's uncle-in-law in his previous life was the senior management of Cheung Kong Group, and Airship Tai's brother-in-law was one of his estate trustees, and the reason why he never allowed Lin Benfeng to join Lin's enterprise was because he was only a small low-level management before, and it was better to train him in HSBC.

"I'll write you a check for 10 million Hong Kong dollars, and I'll refund the excess and make up for the deficiency!"

"Brother, no need, I heard you cash out the stocks, and you still have more than 10 million cash in your hand!"

Lin Zhichao said: "Then after it is done, you will find your sister-in-law to settle, and you will not lose a penny anyway." ”

Lin Benfeng couldn't talk about it, Lin Xin'er immediately said: "Don't worry, I promise to do it for you, and we will do this kind of thing for you in the future!" ”

"Well, I'll look for you if I need it in the future!"

Neither he nor his two wives were inconvenient to go to the auction. It's not for any other reason, the main thing is that Lin Zhichao doesn't want to write these things for the media.

This is Sotheby's Hong Kong's first spring auction, and the media will definitely report it.

In fact, these things are not for appreciation, at least the core is not for appreciation, but for appreciation. Over the years, Lin Zhichao's collection knowledge has also risen, after all, there are famous teachers to guide and collection consultants.

Lin Zhichao can't really let his sister and his family keep auctioning for him, he has a lot of ways!

It's not that they don't trust them, but there are more auctions, and their identities are exposed.

The American magazine "Fortune" listed Lin Zhichao as 'the richest Chinese in the world', and estimated his wealth to be 10~1.5 billion US dollars. At the same time, the richest man in the world is the American oil tycoon Getty, with a net worth of $5 billion.

Suddenly, it set off a blatant wave in Hong Kong.

At this time, Hong Kong was in the midst of a stock market crash, and everyone lost a lot of money, and the sudden appearance of such a rich tycoon in Hong Kong made it obvious that everyone was very envious, shocked, and even jealous and red-eyed.

"Oh my God, it turns out that Lin Zhichao is so rich! But Cheung Kong Group's stock has fallen by 50% (the current market value is 5.2 billion Hong Kong dollars), why is he still so rich? ”

"The newspaper reprinted the Fortune analysis that Lin Zhichao owned a fleet worth at least a billion dollars."

"It's so rich! We lost our fortune, but I didn't expect Lin Zhichao to be so rich! ”

"Hey, who is to blame, Lin Zhichao advised everyone not to speculate too much in the stock market in January and February, everyone just didn't listen, now think about others is really kind, and teach everyone to speculate in stocks, everyone thinks about value investing is really a very useful stock investment theory"

"Pretend, if he really wants everyone to stop, he should say it clearly!"

"Is it useful to say it explicitly? I'm afraid that if a gun is pointed at you, you have to enter the market, right? ”

"Amount"

Public opinion was undoubtedly shocked by Lin Zhichao's wealth. Since Lin Zhichao earns foreign exchange, in fact, his wealth has always been very mysterious, not to mention that the information in this era is not transparent.

Even the total tonnage of his fleet has always been a mystery, and the highest is guessed to be 13 million tons. Because his fleet is not like Bao Yugang's fleet in his previous life, many of which are partners with HSBC, so there is no need to report the financial situation of Global Shipping to anyone. At the same time, many people think that HSBC has a 40% stake in the entire global shipping industry.

In short, Lin Zhichao's wealth should be 40~5 billion US dollars, so it is a lot less.

The other side.

When Lin Zhichao learned that Fortune listed him as the richest man in China, he immediately strengthened his security forces, including his son Lin Ruihuan, who also had to follow a driver and two bodyguards.

He scolded Fortune magazine in his heart, he had nothing to give people a ranking, if it was for money, he would rather take 1 million sponsorship to the other party than this false name.

You must know that Getty, the world's richest man for 30 consecutive years, has kidnapped his grandchildren. However, the richest man has some personality - very stingy, his grandson was kidnapped, he did not want to pay a penny, and said that he had thirteen grandchildren, and if this one paid a ransom, then the other twelve would not be safe. In the end, it was only under the public opinion of the media that he ransomed his grandson, but the sixteen-year-old grandson had already lost an ear.

(End of chapter)