After nearly a month of extremely difficult negotiations, GreatStgle and Hengchang finally reached an agreement on June 15:

Baoyuan Investment, an advisor to Hengchang Enterprise, advised shareholders to accept the acquisition proposal.

Peregrine, the financial adviser to GreatStgle, said it had received acceptance commitments from shareholders (mainly directors and their families) who held 44.4% of Hengchang's shares.

Two days later, Peregrine announced that 52.24% of its shareholders had accepted the acquisition and it had been successful.

This acquisition has nothing to do with Lin Zhichao, he is just 'waving the flag', not to mention that he is still investing in the name of the 'Lin Zhichao Foundation'; anyone with a discerning eye can see that he is not for profit.

On the contrary, Zheng Yutong, when he played golf with Lin Zhichao, was more satisfied with this acquisition; It seems that he intends to prepare for long-term dividends.

After Hengchang Enterprise was acquired, Rong Zhi served as the chairman, Lin Zhichao introduced Yuan Tianfan as the president, Zheng Yutong appointed his son-in-law Du Huikai as the executive director, and the rest of the shareholders as directors.

Yuan Tianfan is also a talent valued by Lin Zhichao, and he was also Liang Botao's boss in his early years (Win Dolly Finance Company). And the talents that Lin Zhichao values do not necessarily have to work for him, in fact, many of them are not for him, such as Du Huilian, Li Yeguang, Liang Botao and others; But these people are equivalent to Lin Zhichao's staff and advisers, and will give advice to Lin Zhichao and Lin Zhichao's family, and Lin Zhichao will repay them and take care of their careers, such as helping Liang Botao and Du Huilian to establish Peregrine, and helping Peregrine to acquire Guangsheng Bank, all of which have Lin Zhichao's participation.

Time flies, and it's November.

Cheung Kong Group.

"Dad, the sales of the first phase of the Tin Shui Wai project have been prepared, and it will be officially put on sale tomorrow!" Lin Ruihuan came to Lin Zhichao's office and reported.

This is not a trivial matter, as the first phase of the Tin Shui Wai project has a total of 1,810 residential units, and Cheung Kong Group intends to make a one-off sale at a price of HK$1,850.

This price has exceeded the price agreed between Cheung Kong Group and Hua Yan by 1,750 yuan per square foot. In other words, 75% of the profits of the Tin Shui Wai project will go to Cheung Kong Group, which is expected to be tens of billions of Hong Kong dollars in profits.

Even Lin Zhichao has made a lot of money, such as making nearly $20 billion from RB, and he attaches great importance to the Tin Shui Wai project.

Lin Zhichao picked up the newspaper in his hand and said: "The new Financial Secretary McGaulle has just announced that he will increase the stamp duty on property transfer and limit the internal subscription ratio to kill the property market and calm the people's grievances!" ”

Lin Ruihuan frowned and said: "I also read his announcement, although I don't want to touch his brows, but the preparation for this sale, we have been preparing for a long time, and it takes a lot of financial resources and energy, and the rescheduling will definitely be greatly affected." ”

On the contrary, in order to sell the house in Tin Shui Wai, Cheung Kong Group has done a lot of preparatory work; Whether it can be an instant hit is related to the success of the entire Tin Shui Wai project.

The 1,810 residential units must cause a huge sensation - the subscription is much larger than the 1,810 residential units, so as to build a good reputation for the subsequent sales of the Tin Shui Wai project.

After thinking about it, Lin Zhichao also said: "We have been preparing for a long time, and it is not aimed at McGaull, since this is the case, then let's release it frankly!" ”

Lin Ruihuan nodded and said, "Okay, let's hold a press conference tonight!" ”

At present, Hong Kong houses are bought by grabbing, and real estate developers generally send a registration form to everyone and then sell it. If there are too many people registered, a lottery will be drawn to decide on the issuance of the purchase order.

Just this warrant can be worth tens of thousands of Hong Kong dollars, or even hundreds of thousands of Hong Kong dollars, which is the current situation of real estate.

Following.

Several major sales offices of Cheung Kong Group began to queue up early, and these people came to snap up the first phase of Tin Shui Wai.

"Why are there so many people?" The citizens who came to line up were a little incredulous and said in surprise.

"I heard that at 8 o'clock last night, people came to line up, so it was only 8 o'clock in the morning, and it was already crowded."

"No, it's such an exaggeration, isn't there 1,810 residential units! Are you still afraid that you won't be able to grab it? ”

"It's said that there are 1,810 residential units, and I don't know how many buildings there are for internal consumption!"

"Makes sense! If you buy a house now, and sell it as soon as you sell it, you will make a profit of 180,000 yuan, which is faster than making money from a part-time job. ”

"Not to mention 180,000 yuan, someone has already shouted that if someone gets a subscription warrant from Tin Shui Wai, they will immediately buy it for 120,000 Hong Kong dollars."

"Oh my God, just one form is worth 120,000 Hong Kong dollars?"

The people in the crowd are basically not 'just needed', most of them are 'speculating in real estate', and there are even people from many associations.

To this end, Cheung Kong Group has arranged security to maintain order, and JC has come to support.

The long queue quickly attracted the attention of the media in Hong Kong, and I am afraid that it will be a 'bloody storm' next.

Afterwards.

The first phase of the Tin Shui Wai sales project attracted as many as 30,000 registrations within three days, which is equivalent to more than 20 times the 1,810 residential units on sale.

For a time, it was reported by the media!

Of course, there is one person who is particularly unhappy, and that is the new Financial Secretary McGaulle.

According to media reports: "McGaulle expressed his dissatisfaction with this, feeling that Lin Zhichao and his son knew that he was announcing the measures to crack down on property speculation on the same day, but they did not avoid the limelight, and announced the launch of the building on the same night, and the Hong Kong government 'worked against it'." McGaulle decided to resort to a bigger trick, and the Office of the Superintendent of Banks sent a letter to banks in Hong Kong to reduce the mortgage loans for old and new residential buildings from 80% to 70%. ”

Increasing the down payment ratio is a 'powerful measure' to curb speculation, after all, many people rely on a down payment of 1~2 percent to speculate. The proportion of bank mortgages is related to the down cash commitment of buyers and speculators, which in turn affects the rise and fall of the property market.

Many real estate developers were still watching the excitement, thinking that McGaulle would shoot the first bird, after all, Cheung Kong Group was the first bird, and they also 'played' McGaulle once.

Unexpectedly, McGaulle did not shoot the first bird at all, but hit 50 boards each of the real estate developers, and overturned a boatload of people with a bamboo pole.

About a week later.

Lin Zhichao, Lin Ruihuan and his son set up a banquet at the Shangri-La Hotel to entertain the visiting Governor of British Columbia, Canada, Lin Siqi, Lee Shau Kee, Cheng Yutong, Kwok Bingxiang, Lee Ka Shing, Kwok Hoonian, Ho Hong, Luo Jiarui and other real estate giants were invited to attend.

Lin Siqi is the son of the founder of K. Wah Bank, and has established himself in Canada since 1967 and has achieved remarkable results in the Canadian real estate industry. Because of his focus on philanthropy in his later years, he was awarded the title of Canada's first Chinese governor and second non-white governor in 1988.

Lin Zhichao and Lin Siqi had close contacts, the Vancouver World Expo site project, because of the local boycott at the beginning, or Lin Siqi helped, and finally by Canadian officials to preach, and finally successfully sold in 1990, is for Hong Kong and Vancouver at the same time.

During the banquet, everyone talked and laughed.

Lin Siqi said humorously: "I have also seen what has happened in Hong Kong recently, since everyone is blocked from investing in Hong Kong, they can come to Canada to invest!" Compared with the United States and Australia, Canada is more relaxed and friendly to immigrants. ”

Everyone nodded and echoed Lin Siqi's words.

This is a fact, everyone here has investments in Canada, and He Hong even placed his second aunt in Vancouver.

Lin Zhichao said with a smile: "Of course, Canadian investment is the first choice for our Chinese businessmen, but if too much money pours in at once, I am afraid that there will be waves again." I think this time the Hong Kong government targeted our real estate developers and borrowed the bank's hand to card our necks, which is actually not terrible! ”

Li Shaoji immediately said eagerly: "What Lin Sheng said is that each of us also has a financial company, and if the bank does not give eighty or ninety percent of the mortgage, our financial company will give it." When I see it, is the bank in a hurry, or we are in a hurry! ”

His business is relatively simple, in addition to holding shares in China Gas, it is to be a development real estate developer; Lee Shau Kee's Henderson Land does not have any rent-collecting properties, but is desperately developing residential properties.

So, he's a more anxious person!

In recent years, Sun Hung Kai has invested in a lot of rent-collecting properties in new towns - shopping malls; Zheng Yutong is mainly renting properties, and the development of real estate is a side business; Lee Ka Seng relies on the Wheelock Group, and has a good share of rental properties. The rest of the people do not watch!

Zheng Yutong joked: "Lin Sheng is also from the bank!" ”

The atmosphere is relaxed!

Everyone knows that if McGaulle wants to 'fight tigers', then Lin Zhichao must be the 'handsome tiger' of real estate, and he will bear the brunt.

And Hengfeng Bank also had to follow the instructions of the China Banking Regulatory Commission, after all, it was the boss!

Lin Zhichao smiled: "I think Zhaoji is right!" ”

He won't express his opinion, after all, real estate is not his main business. As for his role as convener this time, it is because of his position in this field.

After that, everyone seemed to agree with Lee Shau-kee's point of view, so they no longer discussed this time, but chatted with Lin Siqi.

Zheng Yutong said: "Seeing Lin Sheng's investment in the oil industry in Canada, Ah Hong and I also have this idea! ”

He Hong's family has Canadian nationality, so it will not be affected by the policy.

Lin Siqi suddenly became interested and said, "Okay, Canada welcomes you to invest." The oil industry is the pillar industry of Canada's industry, and you look at Lin Sheng, just a few years, Husky assets have tripled, which is admirable. ”

He Hong also said: "It is this reason, oil has been in the trough for so many years, I think it is time to buy the bottom, and when the time comes, please ask Governor Lin Siqi to help more!" ”

Lin Siqi smiled and said, "This is nature!" ”

When he returned to Hong Kong, he was also eyeing the Governor of British Columbia, so it was also his job to invite Hong Kong businessmen to invest in Canada on behalf of the government.

Lin Zhichao's invitation spread in the Hong Kong media the next day.

Some media and citizens believe that this is a protest and demonstration by Lin Zhichao and others, and if they are too pressed, they will turn their investment to Canada, Australia, the United States, the United Kingdom and other countries.

After that, reporters rushed out to interview Hong Kong real estate developers.

Lee Shau-kee, who has always been sneering, and he rarely even speaks out in public, jumped out in front of reporters.

He took the lead in stating: "I will provide a higher loan-to-value ratio through my own financial company to prevent the property market from falling!" ”

Other real estate developers have also expressed their stance in unison, with an unusually resolute attitude, saying that they will provide higher mortgage-to-value ratios through finance companies.

Lin Zhichao finally accepted an interview with reporters under the square of the Yangtze River Group Center.

"Of course, we want to coordinate the relationship with the government, and if the real estate colleagues do the same, Cheung Kong Group will also follow the general trend."

Although he is a rising bird, he also gives McGaule a thin face at this time, and does not take the lead in continuing to make trouble.

Anyway, there is a group of his 'little brothers' making trouble.

A group of officials, such as McGaulle, were extremely annoyed by the "drama on the stage" of real estate developers. The next day, McGaulle had urgent consultations with Taipan Weiss of HSBC and Lee Kwok Wei, chairman of Hang Seng Bank, and the two financial oligarchs fought back.

The chairman of the Hong Kong Association of Banks, Mr. Po Weishi, was extremely vehement, warning property developers that if they insisted on going their own way, other development projects would not be supported by banks in the future.

On the one hand, he pointed out that the finance company under the property developer (which is a banking institution that lends limited deposits) may not have sufficient funds. On the other hand, it is explained that the government's measures are only to curb speculation, not to hit the property market.

Hong Kong's chief wealthy man, HSBC Taipan, spoke, and the real estate developer immediately compromised and held a press conference at the first time, stating that he accepted the 7% mortgage requirement and had no intention of antagonizing the bank.

In fact, after the incident has reached this point, everyone is not really compromised, but tactically retreated.

Everyone just openly does not get into trouble with the Hong Kong government and banks, but in fact, everyone will tacitly implement it - its financial company will give eighty or ninety percent of the mortgage.

At that time, the most unlucky are two groups of people:

The first group of people - small and medium-sized real estate developers. They don't have the strength to provide eighty or ninety percent of mortgages, so they can only rely on banks; And to attract speculators, you are not strong enough, who will come to buy your house, so either the price is reduced.

The second group - small and medium-sized banks. Pu Weishi and Li Guowei have lowered the strength of several major real estate developers in Hong Kong, and everyone's funds are very sufficient; Once everyone's financial company is operational, it is inevitable that Hong Kong banks will lose less loans and lose an important pillar of profitability. Then small and medium-sized banks will be the first to defect and will quietly give higher mortgages to real estate developers.

This is just the 'first move' of Hong Kong real estate developers, in fact, the Hong Kong government can't catch it! Hong Kong real estate developers have too many tricks, and the Hong Kong government is not an opponent at all.

There is a popular saying in the past: "It is the Hong Kong government, HSBC, Jockey Club and Jardine Matheson that control Hong Kong." ”

From the late 80s, it was said that "Hong Kong is controlled by the Hong Kong government, HSBC, the Jockey Club, and the real estate developers." ”

That's it!

At the same time, the Hong Kong government also has its own 'weakness':

Everyone understands that the Hong Kong government must suffer from gains and losses, so how can it dig its own grave?

Hong Kong has a large number of people and little land, and the Hong Kong government pursues a policy of high land prices, resulting in high (high) land prices. For a long time, real estate revenue has been the bulk of government revenue.

In terms of real estate income, the Hong Kong government and real estate developers are also tireless.

Why, then, do people condemn property developers and condone the government?

This is because the government's revenues are used for huge public expenditures, and the British government does not pay any fiscal revenue to Hong Kong, and the Hong Kong government relies on the income from land purchases to maintain its low tax system. The government also builds public housing, one is public welfare buildings such as schools; Another type of public residential building is sold or rented to ultra-low-income people for non-profit.

The good people did it for the Hong Kong government, and the wicked let the real estate developers do it.

The houses built by real estate developers at high prices will inevitably be blamed on users, and users will of course attack them en masse.

However, cracking down on the property market speculation is too strict, which will inevitably lead to a decline in the property market. As soon as the property market declines, the government's real estate income will inevitably drop sharply.

Many real estate developers accuse the government of hoarding Juqi to sell at high prices, and the property market is high (high prices), first of all, the government's land prices are high. What is important is to increase the supply of land, appropriately lower land prices, and ensure government revenue with more revenue.

In short, this strife is not over!

Afterwards.

When Lin Zhichao was interviewed, he said seriously:

"Of course, the regulation of speech and law plays a certain role, but too much regulation is not conducive to the development of the property market."

"If Hong Kong wants to get rid of the real estate economy, it must develop in science and technology and cultural industries, and the guidance that the government has done in this regard is far from enough."

His remarks have once again sparked widespread discussion in Hong Kong!

Science and technology and cultural industries, don't you just look at the Yangtze River Industrial Group and the Media Group!

Today's Hong Kong culture has begun to emerge:

Hong Kong stream music, Hong Kong's two groups HOT and SES were very successful in Hong Kong as soon as they debuted, and successfully went out of Hong Kong and developed in Asia.

Hong Kong stream dramas, "Blue Life and Death Love" has higher ratings than "Bao Qingtian".

It's not just these successes, but it allows everyone to see a different cultural system, and many people are studying the 'port stream culture'. (End of chapter)