A new year is coming (1990).

In mid-January, Lin Zhichao held a press conference, accompanied by Lin Ruihuan and Lin Ruihai's eldest sons; This press conference has revealed that it is about the 'Lin family separation plan', so reporters from home and abroad are very excited.

This month, Hong Kong Political and Economic Weekly listed a list of Hong Kong's richest people, and based on the close of the stock market on January 6, 1990, Lin Zhichao's wealth was 47 billion Hong Kong dollars (only Cheung Kong Group and Wharf Group) topped the list. After Kadoorie, Guo Desheng, Fok Yingdong, and Zheng Yutong's wealth was 80~110 Hong Kong dollars, and the four of them combined were not as rich as Lin Zhichao; The 6th~10th place (Lee Shau Kee, Tang Zhongyuan, Bao Yugang, Li Rongsen, Guo Huonian) is almost all 70~80 Hong Kong dollars.

At the same time, the Cheung Kong Group (55 billion), Hutchison Whampoa (32 billion), HK Electric (18 billion) and Wharf Group (21 billion) controlled by Lin Zhichao have a total of 126 billion listed companies, accounting for 18.5% of the total market capitalization of the Hong Kong stock market (680 billion).

The above are based on the market value of listed companies, which is also the standard for all wealth lists. After all, there is no way to count the 'evidence' of the companies that are not listed.

Therefore, the Lin family's Cheung Kong Industrial Group, Media Group, Global Group, Octopus Financial Group (Hengfeng Bank), Shangri-La Hotel Group, and Uniqlo Enterprises are not counted in the wealth. Not to mention, there are also Victoria Harbour investments and family office wealth, which are also not counted.

is like Li Jiacheng's generous admission in the media in his previous life, and the statistics of the wealth list only calculated 40% of his net worth. Of course, this 40% is definitely a modest statement.

And now Lin Zhichao's wealth is already huge, and it should be about 80 billion US dollars; The wealth of family offices and Victoria Harbour investments alone has reached about $50 billion.

On the bright side, the world's richest man, the Japanese real estate developer 'Ti Yiming', is only 150 US dollars, and Lin Zhichao is not of the same magnitude at all.

The scene of the press conference.

Lin Zhichao sat in the middle of the rostrum, flanked by his eldest son in the two rooms, and flanked by some of Lin Zhichao's senior assistants and consultants.

There were hundreds of reporters in the audience, all from China and abroad, half from domestic and foreign media, and everyone was very excited today and looking forward to the content of the press conference.

Although Lin Zhichao's wealth is only '6 billion US dollars', he ranks among the top ten in the world and the first among Chinese; But as long as you are not stupid, you know that this is just the wealth on the books, so many companies have not been listed, and any one of them can increase billions of Hong Kong dollars.

"Thank you all for coming to this press conference today, everyone seems to be in a good mood!" Lin Zhichao began to preach with a smile.

"Thank you Mr. Lin for the dim sum drink!"

Reporters responded kindly.

Since it was for family affairs, Lin Zhichao also asked the staff to prepare a drink and snack for the waiting reporters.

The reporters are all uncrowned kings, Lin Zhichao has always been more modest and friendly in dealing with them, and he has also been listed by the media many times as 'one of the best rich people to deal with', and the rest are He Hongsheng, Zheng Yutong, etc. The most difficult to interview are, of course, Wang Dehui, Guo Desheng, Lee Shau-kee, and Chen Tinghua.

Next, Lin Zhichao officially said:

"This press conference is mainly to announce my personal wealth distribution plan to the media, and invite the media to be a witness."

"At present, I personally hold 62% of the equity of Cheung Kong Group and 61% of the equity of Wharf Group, and the distribution of wealth between these two groups is as follows: divide the equity I hold into three parts, two of which are injected into the 'Father and Son Trust Company', and I and the eldest son of the two houses hold 50% of the equity of this trust company; The remaining one-third of the equity is injected into the 'Lin Zhichao Foundation' for charity, and it no longer belongs to the Lin Zhichao family, but to the public. ”

As soon as the words fell, the scene was in an uproar!

A full third of his wealth, that is, a wealth worth about 16 billion Hong Kong dollars, was donated to the 'public' by Lin Zhichao. The 'Lin Zhichao Foundation' is a very well-known worldwide 'charity foundation', which has donated more than 3 billion Hong Kong dollars.

The amount of donations from Lin Zhichao can already rank among the top 30 richest people in Hong Kong. Now he has donated another 16 billion Hong Kong dollars, which is directly close to the combined wealth of the second and third richest people in Hong Kong.

"Some other unlisted companies are also held by my son and I in the form of trusts. At this point, my five sons have taken full control of their respective group companies. ”

The reporters were suddenly in a hurry and eager to ask a lot of questions!

Soon, journalists were allowed to raise their hands to ask questions.

Reporter: "Mr. Lin, you donated one-third of the shares of the two largest listed companies to your 'Lin Zhichao Foundation'. Do your two sons agree with this approach? ”

Lin Zhichao: "First of all, allow me to correct that the 'Lin Zhichao Foundation' does not belong to me, but to the public. This foundation has always been managed and supervised by outside lawyers, accountants, etc., and is also subject to public scrutiny. As for whether you say they agree or not, I'll let them answer! ”

Subsequently, Lin Ruihuan took over the topic: "Our brother admires Dad's approach very much and agrees with this approach. It is through this behavior that the father tells our children that wealth must be passed on, and character must be passed on. Through acts of charity, we can pass on the compassion, responsibility and values of compassion, responsibility and values set by the previous generation. ”

Lin Ruihai continued: "Dad's public welfare, philanthropy, or diligent and keen way of doing business, he has passed on to us over the decades. We also respect and recognise his philanthropic and philanthropic behaviour and will continue to pass him on as a role model. ”

Next.

The reporter asked again: "Mr. Lin is 61 years old this year, is it too early to retire at this age, especially since you still look so young?" ”

Lin Zhichao said with a smile: "My children have passed the test, and I am relieved to hand over the business to them for management." Of course, I don't completely let go of the company, but I just give them most of the work; And I myself took more time to investigate and think about the direction and goals of enterprise development. It's not a full retirement, but a semi-retirement model, don't make a mistake tomorrow, otherwise the shareholders will scold me! ”

"Haha" The scene burst into laughter.

The atmosphere is also alive again.

Reporter: "Can you teach everyone to make a fortune?" ”

There was an uproar at the scene, and the current reporters are all so straightforward?

Lin Zhichao said with a smile: "Of course I hope that everyone will make a fortune, but this wealth also needs to be born in the society to generate new wealth." Otherwise, the essence of wealth is the transfer from one place to another. Of course, since you asked, then I will also say one - that is, to buy my company's shares, after all, my company has not disappointed everyone, right? ”

"yes, yes"

"God of Wealth's company, of course, has nothing to lose!"

Following.

The media in Hong Kong have reported two key news, "Lam's Great Division" and "The Largest Donation in History", which aroused heated discussions among the public.

"Donating 16 billion Hong Kong dollars, Lin Sheng is really generous! It is worthy of being the first person to receive charity! ”

"In fact, it is more than 16 billion Hong Kong dollars, the shares of both companies have risen sharply today, and will rise in the future, so donate more than 16 billion Hong Kong dollars!"

"Today, Cheung Kong and Wharf have risen again?"

"Of course, I didn't see Mr. Lin Zhichao asking everyone to buy the shares of his company, which is the secret to making money!"

Regarding the Lin family's separation, everyone also discussed hotly, and for a while, the whole Hong Kong was talking about the Lin family.

The disturbances outside did not affect the inside of the Lin family in the slightest.

Lin Zhichao's wife and children already knew this distribution method, his wealth was huge enough, and the wealth obtained by each son was about the same. Even if there are some comings and goings at present, everyone has similar opportunities in terms of prospects, and they can become bigger and stronger in the future.

After New Year's Day this year, Cheung Kong officially announced that it would invest HK$13.5 billion in the development: Laguna City in Cha Kwo Ling, Huijing Garden in Lam Tin MTR Station, and Jiahu Villa in Tin Shui Wai; Invest HK$6 billion to develop 'Hengfeng Plaza'.

(The Harbour Plaza Peninsula in Ap Lei Chau and the Hui Hai Garden in Tseung Kwan O will be built later)

For a time, the investment market in Hong Kong was invigorated.

In the past year, Lin Zhichao's enterprises have achieved very remarkable results.

Take Hutchison Whampoa as an example: last year's entry into the telecommunications industry in the United Kingdom and Australia, and Watsons' entry into the retail industry in the mainland are all pioneering achievements.

Today's enterprises, even without Lin Zhichao, will gradually develop into 'Fortune 500 companies', and may actually be Fortune 500 companies.

Taking Cheung Kong Group as an example, its net asset value should be around 140 billion Hong Kong dollars (last year, the assets of Japan and the United Kingdom alone were as high as 7 billion US dollars, that is, 55 billion Hong Kong dollars);

The net asset value of Hutchison Whampoa is also around 70 billion Hong Kong dollars. Even if HK Electric is not connected to the 'public enterprise', the net assets of Cheung Kong are already as high as about 210 billion.

This is still undervalued, and the fact that real estate has not risen, and soon these assets will continue to rise. As for the market capitalization of Cheung Kong, of course, it is even more undervalued (only about 40% of net assets), after all, there is no announcement on overseas investment for the time being.

In the past year (1989), Cheung Kong Group's profit reached a new high, with a normal profit of about HK$4.1 billion; As for the profits from Japanese investment, the total will reach more than 28 billion Hong Kong dollars.

Of course, Lin Zhichao will not be so high-profile, Japan's profits have not been completely withdrawn back to Hong Kong, and he intends to withdraw them in two or three years, counting two or three years of non-recurring profits.

The ATV Tower on Broadcasting Road in Kowloon was officially opened on New Year's Day, with an area of 680,000 square feet and an area of more than 60,000 square feet.

The opening of this building means that 'Asia Television' and 'Asia TV' have a first-class environment.

In the office, Lin Zhichao met with Lin Ruikai, Zhou Liang Shuyi, Chen Qingxiang, and Shi Nansheng to inquire about the progress of 'satellite TV'.

"Lin Sheng, at present, the Hong Kong government has relaxed Hong Kong's regulations on restricting the development of satellite television. Under the new CO, the use of satellite television on disc-type wireless television does not require an application for approval and licence as long as it does not involve commercial use (for charging fees for subscribers, etc.) or rebroadcasting (for wireless or cable stations to provide services for a fee). The Ordinance also stipulates that stand-alone satellite dish wireless devices connected to only one television set are exempted from licensing. If a building has a satellite dish and an indoor system, it needs to be installed and operated by a licensed company. According to statistics, at least 150,000 buildings in Hong Kong have met the standards for installing satellite antennas. Shi Nansheng reported.

Lin Zhichao immediately said: "It seems that Hong Kong's satellite TV prospects are good!" But I don't think things are going too well, are they? ”

Last year, the Hong Kong government also tendered for 'cable television', and Lin Zhichao's company had no intention of bidding, and the result was won by a consortium led by Sun Hung Kai and Pao Yugang families.

Nowadays, satellite TV has to install satellite antennas on 150,000 buildings in Hong Kong, which is a big impact on cable TV.

Shi Nansheng nodded and said, "Not bad!" Cable TV and TVB have joined forces to put pressure on the Hong Kong government, so the Hong Kong government has set two thresholds for us: first, Cantonese programs cannot be broadcast; Second, users must not be charged. ”

Sure enough, in the face of interests, everyone will tear their faces.

Behind TVB are Run Run Shaw and Lee Young-sen; Behind the cable TV station are Guo Bingxiang, Wu Guangzheng, and Lin Baixin; They are united because they don't want the media group to be dominant.

If you can't broadcast Cantonese programmes, you're losing the biggest local market (which it did at the beginning); Because Hong Kong people don't understand Mandarin, if it's a Mandarin program, everyone doesn't want to watch it, so skip it.

Lin Ruikai said: "Father, I am doing public relations on Article 12, and I will definitely let the Hong Kong government relax!" ”

Lin Zhichao asked, "What are you going to do?" ”

It's not okay to come hard!

Lin Ruikai said: "First, using the media to refute the Hong Kong government's approach, Asia Satellite TV is a local TV station, if it can't use Cantonese, this is completely nonsense; Second, I intend to engage an independent public relations firm to conduct a public opinion survey and submit the results to the Broadcasting Authority of the Culture, Leisure and Broadcasting Branch of the Hong Kong Government as a reference for amending the Ordinance. I am confident that the Hong Kong audience must be 100% in agreement with the broadcast of Cantonese programmes, after all, who doesn't want to have another choice. ”

Lin Zhichao thinks that it is okay to do this kind of public relations first, after all, the satellite has not yet been launched (launched in April), and in everyone's opinion, it is not known whether it will be successful or not.

The media group is already almost ready, inviting Chen Qingxiang of Hong Kong Television to be the chief executive officer, and then taking the content production team from Asia Television.

If everything goes well, it will be available for trial broadcast in the second half of this year!

The total cost of the Asia-1 satellite is $120 million, including the cost of purchase, launch and insurance. There are a total of 24 satellite channels, mainly used for telephone services, and are operated by Hutchison Communications (three major shareholders: Hutchison, Dadong, and CITIC); There aren't many channels for phone service, so 12 of them are used for Asia Satellite TV.

Then, Lin Zhichao said: "How is the preparation of Hong Kong stream culture progressing? ”

Hearing the 'Hong Kong Culture', Zhou Liang Shuyi, Chen Qingxiang, and Shi Nansheng couldn't help but get excited. If any other company or individual comes to talk about this, they don't hesitate to say that it's whimsical.

Media groups are the only ones to do, and that is to open up new areas and cultures.

After all, the comic industry of the media group, as well as some of ATV's programs, confirm this.

Lin Ruikai said: "At present, we have made great progress in the three major fields of music, dramas, and variety shows. Musically, a boy group. T. The selection of the girl group SES has ended, and the script of the training drama "Blue Life and Death Love", which is in the final half of the year, has also been created. The variety show "Popular Ballads" will be used by Asia Satellite TV as the signature music program, and "Got Talent" is also the signature program of Asia Satellite TV"

Lin Zhichao looked at the information in his hand and listened to Lin Ruikai's report, very proud.

He is participating in these contents, because he needs to give the media group a model. Of course, it is undeniable that Lin Zhichao's memories over the years have also lost some of them, so he just taught Lin Ruikai a rough idea.

For example, in a previous Korean drama like "Blue Life and Death Love", Lin Zhichao probably explained that the bloody plot - the baby reported an error, the brother and sister became lovers, the female partner was jealous and bad, the male partner liked the female lead, and how the complex emotional relationship and ethical dilemma of the male and female protagonists were intertwined. Of course, the male protagonist chooses Dawn, a proper ancestor of the Korean Wave!

For example, the 'idol group' HOT and SES first focus on rebellious, hot-blooded, youthful, and pure singing and dancing groups.

In short, according to Lin Zhichao's rules and regulations, coupled with the talents cultivated by ATV in all aspects over the years, it is indeed true to engage in a 'Hong Kong stream culture'. Mainly, there are still people who are willing to lay out the overall situation, be willing to invest, and plan a good direction.

In the end, Lin Zhichao said: "Don't rush to publicize these, after the satellite TV trial broadcast, you will come up with it and become an instant hit." ”

"Okay!"

'Hong Kong Stream Culture' is not the exclusive domain of Satellite TV, but it can be used for 'mutual promotion' on Satellite TV as soon as possible, and ATV can also broadcast satellite TV programs. (End of chapter)