On New Year's Day 1981, Hutchison Whampoa announced the resignation of Willy as Chief Executive Officer, and announced that Richardson would be appointed Chief Executive Officer, Shah Pak Yin would be appointed Business Director, and Peter Wei would be appointed Administrative Director.

In fact, many people in the industry know that Lin Zhichao has basically mastered Hutchison Whampoa, not only the 47.8% shareholding of Cheung Kong Group, but also Lin Zhichao's own influence on Hutchison Whampoa, which has extended to all aspects.

Hutchison Building, meeting room.

Lin Zhichao is having a meeting with the new management, and judging from the attitude of Hutchison Whampoa's senior management, in the case of Lin Zhichao's meeting, everything is already dominated by Lin Zhichao. As long as Lin Zhichao is modest, the CEO can gain the leading power.

"Last year, Hutchison Whampoa made a profit of 520 million yuan, and once again created brilliance, everyone worked hard!" Lin Zhichao first reported the first-hand financial news.

More than a dozen foreigners in the conference room applauded one after another, and the expressions on their faces were more excited.

In 1978, Hutchison's profit was only 250 million, and by the first full year of Lin Zhichao's takeover (1979), Hutchison's profit had soared to 480 million (including non-recurring profit of 120 million), and last year (1979) it increased again, reaching 520 million (including non-recurring profit of 55 million).

In other words, even if there is no non-recurring profit, Hutchison's three-year normal profit is still 250 million, 360 million, and 470 million, which is quite impressive. These profits include dividends from Watsons, Hebao, Hutchison Properties and Kwan Yi Cang, but do not include the total profits of these four subsidiaries. In other words, as long as these subsidiaries are privatized, Hutchison Whampoa's profits will increase a lot rapidly.

Subsequently, Lin Zhichao handed over the leadership of the meeting to Richard, giving some signals for reuse. Ma Shimin has been developing in Singapore for a year, during which Lin Zhichao also talked to him alone, although he did not bring it up directly, but the friendship has already been made.

If Richardson didn't jump, he could stay as president of Hutchison Whampoa for two or three years; If he jumps, Lin Zhichao can let him get out of the way at any time.

"Hutchison Whampoa's business is on the right track, completely out of the difficulties after the oil crisis. In the new year, our main focus will be on trade, retail, port, real estate. In terms of trade, it is necessary to increase the volume of trade with the hinterland and strive to obtain more profits. ”

He did not make a big statement, but decided to continue the previous style and develop steadily, after all, his position is not yet solid.

As for strengthening trade with the mainland, this is indeed necessary, and Hong Kong's greatest advantage is not its geographical location. If foreign countries want to do business in the mainland, they also need to come to Hong Kong as a springboard, and Hutchison Whampoa is a Hong Kong enterprise with natural advantages.

The so-called trade is not necessarily exported to the mainland, but may also be an agent for the mainland's products to be sold overseas. Hutchison Whampoa has a very strong pool of trade talents, second only to the existence of Jardine Matheson.

Subsequently, Richardin said: "In terms of real estate, it is a hot time, and some investment can be strengthened. ”

Speaking of real estate, it is obvious that Lin Zhichao does not allow Richardin to interfere too much, and he immediately said: "The matter of Whampoa Dock is still being negotiated, and the Hong Kong government is asking for 1.9 billion Hong Kong dollars, although it has not yet been negotiated, it is obviously not suitable to invest in other real estate projects." At the same time, Aberdeen Centre should try to sell all of its products and return funds to concentrate on the development of the Whampoa Dockyard project. ”

Seeing this, Richardin immediately changed the situation: "Sir Lin is very reasonable, if the Whampoa Dockyard is successfully developed, it will be the next Taikoo Shing for the profits."

Seeing this, everyone naturally began to agree with Lin Zhichao's point of view.

In fact, Lin Zhichao is now slowly grinding time with the Hong Kong government, and he only paid 1.9 billion Hong Kong dollars for land compensation because he was sick in the brain. Once it is developed now, the time of sale is when the house price is cheapest.

At the end of the Sino-British negotiations, he went to negotiate with the Hong Kong government about the land compensation fee, and the Hong Kong government needed to revitalize the real estate (involving the prospect of land sales), so he needed such a big project to stimulate the property market, so the price would not be too high.

During the period, as long as the drawing plan is made, you can start construction as soon as you talk about it.

After the whole meeting that day, the relationship between Lin Zhichao and the new management was handled very well, and I believe that there is enough tacit understanding in the follow-up, and it should be worry-free.

Lin Zhichao and Zhou Huaian came to the official land auction of the Hong Kong government, this scene was not surprising to the people on the scene, although in the past two years, Cheung Kong Group has won very little in the official land auction; But as long as there is high-quality land and Lin Zhichao happens to be in Hong Kong, he will participate.

In everyone's opinion, Cheung Kong Group's reduction in official land purchases is due to Cheung Kong Group's own large land reserves; and the continuous acquisition of a number of British capital, enjoy its rich land resources; Finally, many enterprises come to cooperate and provide land for the development of Cheung Kong Group.

And the reason why Lin Zhichao's drive is alarmed today is because there is a 'luxury villa group land' in the Baibi Mountain section of Tai Tam Wan on Hong Kong Island, and some people have predicted in advance that the transaction price of this land will reach more than one billion Hong Kong dollars.

Not far away, Bao Fuda and Huang Tingfang sat together, and the two exchanged ideas.

Huang Tingfang: "Don't worry, the front of Cheung Kong Group is very long, and it is said that it also went to the UK to invest in the securities business. ”

Bao Fuda: "Of course, rest assured, the combined strength of our two consortiums is not weaker than that of Cheung Kong Group, and our land obviously has more experience in the development of luxury homes and villas. ”

It turned out that Hongkong Land and Sino Property teamed up this time to win the land in the Baibi Mountain section of Ta Tam Wan on Hong Kong Island, so Huang Tengfang and Bao Fuda sat together.

Since the loss of Wharf Group and Bao Fuda, Hongkong Land has gradually increased its real estate development efforts. Nowadays, Hong Kong real estate is hot, and the residential property price in Taikoo Shing has been sold to 1,200 Hong Kong dollars per square foot, and the residential property in North Point has also been sold to 1,020 Hong Kong dollars per square foot.

There is no doubt that Hongkong Land has decided to regain its position as the property tyrant.

At present, the market value of Cheung Kong Group is 17 billion, and the market value of Hongkong Land is 12 billion, the difference is getting bigger and bigger; Of course, the third most valuable property is Swire Properties, with only 4 billion; The fourth place is New World Development, with a market value of 3.8 billion with the addition of New World Center; In fifth place is Sun Hung Kai, with a market capitalization of HK$3.6 billion.

Huang Tingfang and Bao Fuda had a brief exchange, and then got up to say hello, everyone can still have a good relationship in private.

Bao Fuda: "Mr. Lin, I haven't seen you at auctions very much lately!" ”

Lin Zhichao: "It's the same when they come!" However, we missed a lot of opportunities, I didn't expect the land price to grow so fast, and we missed a lot of opportunities in vain! ”

Bao Fuda: "It's really uncommon for Mr. Lin to feel sorry, you are one of the few experts who can accurately grasp the real estate cycle from the late 40s!" Ha ha! ”

Lin Zhichao: "The price of this land has indeed risen unexpectedly, and there are times when horses lose their hooves!" ”

Seeing Bao Fuda's appearance, Lin Zhichao didn't want to give the bait on the ground, but he couldn't do it, otherwise he was really sorry for the 'big opportunity'. Of course, he did not raise the price with Hongkong Land and Xinhe today, but had other plans.

Next, Lin Zhichao exchanged a few words with other real estate developers, and then sat in the front row with Zheng Yutong, and Li Gaofu on the other side.

As for Lee Shau Kee and Kwok Tak-sheng, neither of them likes to buy land from official land, but likes to buy old buildings and exchange land interests, which is really in the same vein; Lee Shau Kee, in particular, is the least likely to appear in official land auctions.

The auction began soon.

There are three plots of land in total, and the most expensive is of course the Baibi Mountain area.

Lin Zhichao found that Huang Tingfang was the most positive, no wonder the previous life Xinhe almost collapsed in 1983~1984, resulting in a loss of 1 billion Hong Kong dollars; If it weren't for Huang's financial strength, the dawn of 1985 might not have belonged to Sino.

"The price of this land is frighteningly high!" Zheng Yutong sighed.

"Too much foreign capital will naturally raise Hong Kong's land and property prices. Why don't you shout? Lin Zhichao said with a smile.

"It's too high, I'll top it again, it doesn't make sense except to push higher prices." Zheng Yutong replied.

Lin Zhichao nodded, this is a personal style.

Lee Shau Kee rarely participates in official land auctions, and has become one of the four major families;

Zheng Yutong generally does not 'top price' in official land auctions, and although he is not even as good as Hang Lung in the field of real estate development in later generations, he is still among the four major families.

To put it bluntly, the importance of seizing the timing is the most important thing. Lee Shau Kee Sheng has long-term land reserves and owns China Gas; Cheng Yu-tung won two major projects - New World Center, Convention and Exhibition Center, and owned Chow Tai Fook.

When it is the turn of the Baibi Mountain lot to be auctioned.

Lin Zhichao began to shout prices, and the scene became hot for a while, and many real estate developers watched the excitement.

Reporters also recorded this moment one after another, and even wrote tomorrow's news headline - Hongkong Land has written a letter to challenge Cheung Kong Group. This is already attractive enough, and the competition around Cheung Kong Group and Jardine Matheson has been the reason for the news to attract attention over the years.

However, today, when the price reached 1.25 billion, Lin Zhichao had already shook his head and gave up.

Not for sale!

Bao Fuda and Huang Tingfang were overjoyed, and the strongest opponent actually withdrew?

However, they still have two opponents, one is the Australian consortium and the other is Sun Hung Kai.

Of course, in the end, it was Hongkong Land and Sino that won the land at a cost of HK$1.35 billion.

Out of control!

At this moment, Lin Zhichao intuitively felt that Hongkong Land's investment had begun to get out of control.

At the current cost, the profitability of this project is already weak, and it is expected to be only 20%. And Hongkong Land, Bao Fuda, Sino and Ng Teng Fong are clearly betting that real estate will continue to rise.

Back to Cheung Kong Group.

Lin Zhichao immediately convened several core executives and held a meeting in his office.

"I am ready to let Cheung Kong Group sell its stake in Amazon commercial real estate and use the funds to buy 2.2 million square feet of land in the New Territories and land exchange rights of my company, Harbour Real Estate. Strive to complete this three-way deal in the first half of the year! ”

Taking advantage of the strong assets on both sides, we quickly completed this transaction worth 13~1.5 billion.

Huang Changhong said with a smile: "I didn't expect that the 200 million Hong Kong dollars invested at the end of 1975 will now have a return rate of about five times in more than five years." This Yankee's securities really magnify a lot of profits. ”

The security was worth $350 million, and now it's worth $1.8 billion, and that's the great thing. In fact, rents in Manhattan have only doubled since they were at a low point in 1975.

The United States is the most financially developed place in the world, and any product can be turned into a financial product, even real estate, which eventually becomes a financial product.

Lin Zhichao said: "In fact, the land in Hong Kong has also risen so much! ”

In the first half of 1975, the price of residential land in Hong Kong and Kowloon was only more than 200 Hong Kong dollars, and now it is as high as about 1,500 Hong Kong dollars (official land auction price reference), an increase of six or seven times.

If Cheung Kong Group wins the land and land exchange rights in the hands of Victoria Harbour Real Estate, it is equivalent to having a floor reserve of 26 million square feet (visible floor area).

It is still the largest land reserve real estate developer in Hong Kong, and Sun Hung Kai and Henderson are nothing at this time. Bao Henglong, these three real estate developers basically have a floor reserve of 10 million square feet.

What is the concept of 10 million square feet of floor land reserve? Presumably, it can be used for Hang Lung's development in seven or eight years, and Hang Lung actually counts the land bank including nine stations of the metro company!

Cheung Kong Group, at this time, is a well-deserved giant in terms of land reserves, development of real estate projects, commercial real estate projects, and comprehensive operations, with a market value of 20 billion Hong Kong dollars this year.

Last year, Cheung Kong Group's profit was as high as 850 million Hong Kong dollars, although it was 170 million less than the previous year, but the previous year was a non-recurring profit of 300 million, so in terms of normal profit, it actually increased by 130 million again.

This year (1981) is terrifying, after all, if you sell the shares of Amazon commercial real estate and make a profit of 1 billion, it must also be counted in the profit (abnormal profit); At the same time, Lin Zhichao also intends to dispose of a batch of properties.

The final profit is expected to surpass HSBC.

Repulse Bay Heung Island Road.

Lin Zhichao is sharing dinner with Zhao Yazhi, Lin Qingxia, and Guan Jiahui, the four villas are side by side, and the villas of the three daughters are close together, and even a moon arch is specially opened.

So usually, if Lin Zhichao comes here, everyone will get together for dinner, and then divide the room at night according to the situation.

During the dinner, Kwan Jiahui vividly recounted her experience in KMB stocks: "I started to ambush KMB's shares in October, and in late November, Sun Hung Kai encountered Sun Hung Kai's acquisition of KMB, although the acquisition was not successful (26% shareholding), but I also sold the shares and made a profit of 25%, making more than 5 million!" This money was bought into several real estate stocks in one go. ”

Now that the Hang Seng Index has reached more than 1,200 points, Lin Zhichao plans to start cashing out one after another when it hits 1,700 points, after all, the highest will not exceed 1,900 points.

Assuming that 1,700 points are reached in the middle of this year, it is actually much higher than the market capitalization of 1,700 points in 1973. The Hang Seng Index is based on 50 constituent stocks, and the total market capitalization of these 50 constituent stocks is already many times larger than the market capitalization of 50 constituent stocks in 1973.

At present, the Hong Kong stock market is the second largest in Asia and the fourth largest in the world, with a total market value of more than 400 billion Hong Kong dollars.

Lin Qingxia quipped: "It's like you know how to speculate in stocks, isn't it all Brother Chao who is pointing you out!" ”

Guan Jiahui suddenly smiled: "I just want to share with you the happiness of making easy money, how can I talk about my own skills." ”

When the three sisters work together, they can ensure that this man's energy is in their hands; If you don't work together, it's easy for other women to take advantage of it.

So the three women have reached a tacit understanding, and this man can play with them as much as he wants, satisfying the man's selfish desires. Of course, they are also a treat.

Lin Zhichao said at this time: "This year, you have successively sold the properties in your hands. Just leave a little bit of the mansion you want to keep, or a good location for a shop. ”

"Ahh

The three girls looked at Lin Zhichao one after another, and Zhao Yazhi immediately said: "Then the company still has employees!" ”

Lin Zhichao said: "Just keep it, maybe I will buy it back in a few years." ”

Lin Qingxia asked curiously: "Is the real estate going to fall?" ”

Lin Zhichao said: "This is called going to risk! It is uncertain whether real estate will fall or not, but it has also risen very high in recent years, and it is better to stabilize the profits. ”

Guan Jiahui asked again: "What about stocks?" ”

Lin Zhichao pretended to think about it for a while, and said: "If the Hang Seng Index is below 1700 points, it is absolutely safe. At 1700 points, you have to hurry up and throw it. ”

Subsequently, he added: "If you cash out the funds, I will arrange professional investment personnel to teach you to go around the U.S. stock market later." I'll personally guide you on what stocks to invest in, but you can also take the opportunity to learn a little bit about the basics. ”

The wealth of these women will also grow, which is equivalent to Lin Zhichao's backhand!

The three girls listened very carefully and no longer had any doubts, after all, in terms of investment, they had to completely obey this man.

That night, Lin Zhichao entered Lin Qingxia's room.

"Really rested today?" Lin Qingxia lay in Lin Zhichao's arms and said with a smile like a love brain.

"Rest! You can't handle it alone. Lin Zhichao said domineeringly.

Truce, also so domineering!

If it's an ordinary man, I'm afraid it's just scared.

"Then hold on tight, I'm so obsessed with the smell of you!" Lin Qingxia said infatuatedly.

"Smelly?" Lin Zhichao said suspiciously.

"Why, that's not what I said!"

This woman is really perfect when she is coquettish.

However, Lin Zhichao soon became concerned about Lin Qingxia's physical and mental health.

"Qingxia, do you want to go filming and pass the time?"

Lin Qingxia raised her head, the expression on her face was very hesitant, and finally said, "No, I want to grow up with Gao Ming." ”

Lin Zhichao said: "Just take on a play, it can be regarded as a masterpiece in Hong Kong!" I heard from Jiahui that you sometimes feel bored, after all, you didn't grow up in Hong Kong. ”

Lin Qingxia said: "This Jiahui knows about suing me, and she won't share her thoughts with her in the future!" But Brother Chao, although I didn't grow up in Hong Kong, I can often go back to Taiwan to live, in fact, it doesn't matter, I miss you very much occasionally. ”

Lin Zhichao said: "I can't help this, you six women are enough to squeeze me!" ”

Lin Qingxia smiled: "I didn't ask for anything, just talk about things!" And Brother Chao, what kind of drama can I have a masterpiece in Hong Kong, and now at least the box office is over 10 million, but I am only good at filming love literature and art"

When it comes to filming, she immediately talks more.

Lin Zhichao said: "Of course, it's my hand-picked scene, and there is no kiss scene or anything!" ”

Lin Qingxia said: "You asked me to shoot those, I don't know how to shoot yet!" ”

Of course she is very smart, Lin Zhichao is very possessive, so she will not lose big because of small things.

Lin Zhichao then said: "I want you to shoot a film of Jin Yong's "The East is Undefeated". I have always felt that your heroism is very attractive, and I want to amplify it in this way and satisfy my personal thoughts."

Straightforward enough!

Lin Qingxia said helplessly: "Meet your thoughts, I have no opinion." But this movie hit the street, but I have to bear the name of laughter, Brother Chao, can't you toss less! ”

This man is so good at playing, the key is that these women are still willing to be played!

Lin Zhichao said with a smile: "The box office of this movie will not be less than 10 million, and I personally think it can be in the top five of the year." What's more, Lin Qingxia's name can be very influential in the Chinese circle. ”

Lin Qingxia suddenly became interested, although she doubted the movie itself, she did not doubt Lin Zhichao's vision.

Eventually, she was persuaded and decided to shoot a martial arts film for her man.

As for Lin Zhichao, I really feel that if Lin Qingxia doesn't act in "The East is Undefeated", she always feels that there is something missing.

(End of chapter)