At the Clear Water Bay Golf Course, Lin Zhichao is playing with Yaohan Chairman Kazuo Wada.

In 1990, Kazuo Wada announced that the headquarters of Yaohan International Distribution Group would be transferred from Japan to Hong Kong, China. He himself also bought the hilltop mansion in the hands of HSBC Taipan Povis, which is the future 'sky is higher than the sky', as his legend.

The real purpose of Kazuo Wada's move to Hong Kong is, of course, the huge market in the mainland and the superior conditions of Hong Kong itself, such as low taxes and convenient circulation.

He came to Hong Kong to develop, why didn't he visit Lin Zhichao, a local snake?

Therefore, the two have actually known each other since 1989, and last year (1990) Lin Zhichao also introduced Kazuo Wada to buy a 170,000-square-foot shopping mall in Sha Tin.

This shopping mall is managed by Henderson, but the equity is divided equally between Cheung Kong, Sun Hung Kai, Henderson and New World; Lee Shau Kee is hoping to sell the property and use the recovered money to purchase a 'land bank'.

"Mr. Lam, the sales of Jiahu Villa in Tin Shui Wai are really amazing, I am afraid that only Cheung Kong Group in Hong Kong can develop such a large-scale project, and it is so successful!" When Kazuo Wada played golf, he praised it.

Indeed, when Tin Shui Wai was developed, many people were not optimistic.

There are two reasons for this:

First, who would want to live in that area, which is far away from the urban area of Hong Kong and Kowloon, and used to be a place for fish farming and farming?

Second, the Hong Kong government requires developers to invest in the area within 10 years, how much money they have to invest, and how much development has been completed.

In short, if it weren't for these off-market factors, maybe Hua Yan would have taken the lead in developing it himself, and it would not have lost 25% of its profits.

Lin Zhichao said: "You have won the prize!" Tin Shui Wai is a new town developed by the Hong Kong government, and we would not have been able to succeed without the Hong Kong government's prior investment. Of course, a large housing estate like Kingswood Villa has a large community of 15,000 residences and can accommodate 7~80,000 people, so it is inevitable that it will be popular as a city within a city! ”

He didn't hesitate to 'brag', in fact, Lin Zhichao understood that the reason why Jiahu Villa in Tin Shui Wai sold well was because everyone speculated on the property, and at least seventy percent of it went to the tenants.

Of course, he can't say that!

Even if it is Cheung Kong Group, it relies on 'agents' and 'speculators', and it is also the largest 'initiator' in Hong Kong. There is no way to do this, if no one comes to your real estate, it means that the reputation of this real estate developer is not good.

Seeing Lin Zhichao say this, Kazuo Wada immediately said: "The shopping mall of Najiahu Villa, does Lin Sheng intend to sell it?" There are also shopping malls in Laguna City and Sceneway Garden, does Mr. Lam have any intention of selling? ”

Lin Zhichao was stunned, Kazuo Wada has a lot of appetite!

For the shopping malls of these large housing estates, Lin Zhichao does not necessarily have to stay. But obviously, Lin Zhichao will not be sold now.

However, Lin Zhichao said: "The shopping mall of Jiahu Villa, we are interested in selling. As for Laguna City and Sceneway Garden, there is no idea of selling them for the time being, but it may be considered later. ”

Kazuo Wada was overjoyed and said, "Well, the shopping mall of Jiahu Villa, we Yaohan are very interested. As for Sceneway Garden and Laguna City, can Cheung Kong Group lease one to us first, and if Cheung Kong wants to sell it later, we have the right of first refusal. ”

These two large estates are relatively close to each other, so Yaohan will definitely only operate in one place.

Lin Zhichao nodded and said, "No problem, let the people from the company talk later!" ”

Kazuo Wada said: "Okay, thank you Mr. Lin for making it happen!" ”

As far as he knows, Cheung Kong Group is not bad for money, and has earned tens of billions of Hong Kong dollars in Japan. This time, Kazuo Wada was also very happy to be able to negotiate the sale and purchase of a shopping mall in Togar Lake Villa, as well as to be able to rent a shopping mall in Kowloon.

As everyone knows, Lin Zhichao also has his own ideas, the occupancy rate of Jiahu Villa will not be high in the future, after all, it is basically speculation; So, there's nothing wrong with selling now.

As for the shopping malls in Laguna City and Sceneway Garden, they were sold at least in 1996~1997.

After that, Kazuo Wada said: "Mr. Lin, Sapporo, Japan is the fifth largest city in Japan, I want to invite you to invest in real estate development in Japan, I don't know if you are interested?" ”

Lin Zhichao said: "This has to be considered, after all, now that the Japanese real estate bubble is bursting, it is not a good thing to invest in Japan now!" ”

Kazuo Wada said: "Okay, just wait, I believe that the Japanese economy will land smoothly." ”

Lin Zhichao did not have the problem of hard steel, but said: "I hope so, after all, we also have a lot of commercial real estate investment in Japan." ”

In fact, there are three Raffles City shopping malls, but they are all relatively large; However, Cheung Kong Group already holds a small amount of equity, about 30%, and the management rights are still in hand, which is developed and managed by Japan's Higashida Company (owned by Cheung Kong).

As for the Sapporo real estate investment that Kazuo Wada said, Lin Zhichao didn't take it to heart, and he would pull people to invest if he had the opportunity, but he must ensure that he would not lose money.

After that, the two had a pleasant conversation.

Kazuo Wada has a lot to learn from in the retail field. At his peak, Kazuo Wada had 400 Yaohan in the world, but unfortunately the Asian financial crisis almost wiped out the Japanese department store industry.

In fact, it is not only the problem of the Asian financial crisis, the traditional department store field has been gradually replaced by supermarkets and shopping malls.

In Hong Kong, for example, in the 70s and 80s, department stores accounted for a fairly high share of retail, but by the early 90s, shopping malls and supermarkets had accounted for 70% of the retail sector.

Villa 79 Deep Water Bay.

The villa has been occupied since the 60s, during which time it has undergone two 'minor renovations', once before Lin Ruihuan got married (1973) and once in the mid-80s.

Lin Zhichao usually lives in Villa 79 in Deep Water Bay, and often reunites with his family here on weekends.

In fact, every villa where the son lives has left the area of Lin Zhichao and his wife, including the villas of Shek O, The Peak, Shouson Mountain, Repulse Bay, etc.

Lin Zhichao still likes Villa 79 in Deep Water Bay the most, and holiday reunions are basically held here. The property rights of this villa were actually transferred to Lin Ruihuan in 1973.

There is no deep meaning in doing this, it is just the attitude of being a father!

And Lin Zhichao's wealth level, a villa is simply sprinkled with water, so naturally he won't care.

In the evening, the long room gets together for dinner.

It was Tang Caiyun who saw Lin Zhichao going home today, so she took the opportunity to invite her three sons to come back with their wives and children, and they were lively together. As for the daughter Lin Huizhu who married outside, she is not among them.

In the Lin family, the daughter of the foreign marriage can divide the property, but it will not be bound to the Lin family, and the man's family shall prevail. Even if you go back to your parents' house, you don't want to go back, you must be specially invited, unless you don't bring your husband and children. After all, it is necessary to consider that Lin Zhichao and his wife both live with their son and daughter-in-law.

"Grandpa, the Harvard School of Business has sent me an acceptance letter!" During the banquet, the eldest grandson Lin Hongqian said happily.

The whole family put down the chopsticks in their hands, with happy expressions on their faces, including Lin Zhichao.

"Okay, you have a chance, and being admitted with your own skills is more worthy of celebration than your dad making a multi-billion business!" Lin Zhichao praised.

Lin Hongqian is the eldest grandson, born in January 1975, and is the third generation member of Lin Zhichao's key training.

Among all the third-generation members surnamed Lin (25, 19 men and 6 women), Lin Zhichao pays special attention to the eldest grandson of Sanfang, that is, the eldest son of Lin Ruihuan, Lin Ruihai, and Lin Ruidong. The rest of the third-generation members, although they can also teach, but after all, there is not enough time.

In the third generation, family members in Hong Kong will also finish high school locally and then go to university abroad. Although it is also a famous school taught in English, you can always accept more Chinese culture in Hong Kong.

Lin Ruihuan immediately said: "College is a good four years, not only to learn knowledge, but also to have certain social skills. ”

Lin Hongqian said: "Well, thank you grandpa and dad for your teaching. ”

Born in the Lin family and the eldest grandson, his father always taught him to have the courage to take responsibility, so he is also more mature than his peers. Grandpa and father would also take him to activities occasionally to increase his knowledge and social skills.

The Lin family has a very good style of study, and Lin Zhichao's nine children have all graduated from prestigious universities; Today's third generation attaches more importance to academic qualifications, and also attaches importance to the ability to behave in the world.

As for the third generation to inherit the family business!

Lin Zhichao has several grandchildren, all of whom are post-75s, and they can all enter the family business after the millennium. After the millennium, Lin Zhichao will command for at least 20 years, so why worry that the third generation will not be able to hand over smoothly.

Following.

Lin Ruihuan came to Lin Zhichao's office and reported: "Father, we have completed the ownership of 360,000 square feet of land in Songcheng and the surrounding areas of Lychee Garden; But at the same time, there are several owners around the lychee orchard, and the Hong Kong Government Planning Department seems to have a plan for this area! ”

Since the opening of Ocean Park, Lychee Garden has gradually lost its customer base, and Cheung Kong Group has taken the opportunity to absorb the surrounding land.

Lin Zhichao analyzed that the scope of this reconstruction is very large, involving more problems, and the land exchange and land price are more complicated. The Cheung Kong parcel of land is not contiguous and is sandwiched between the properties of multiple owners, and the government has an overall development plan for Lai Yuen.

"Do you think a redevelopment plan is likely?"

Lin Ruihuan said confidently: "Even if the Hong Kong government does not approve our plan at this time, as long as we slowly consume it, whether it is the current owners or the Hong Kong Government Planning Department, they will eventually agree to our request." As for us, we will not rush to develop this land at all, and we should use it as a reserve land to prepare for a protracted war. ”

Yes, who can consume more energy than a large real estate company in Hong Kong!

In his previous life, the lychee garden was originally in the hands of Qiu Degen, and then he also wanted to rebuild three large commercial and residential buildings, and also brought in the 'directors of the Field Department' Lee Shau-kee and Lin Baixin, but they were finally vetoed; However, this area is still planted with 'high-rise buildings', after all, the Hong Kong government department is a lot of people, and large real estate developers can afford it.

Lin Zhichao said: "Have you ever thought about continuing to develop a new amusement park in this area? ”

Lin Ruihuan replied: "I have thought about it, I don't have to develop a residence; But my father, the land area here is not large, and the Shanghai Ocean Park is too small for us to plan, so naturally we can't compete. Although this area is the New Territories, it is only next to Kowloon, and the prospect of developing commercial and residential properties is too great, which is also the reason why we are tempted. ”

He is very frank and his usual pragmatic style.

From the perspective of the enterprise, Lin Ruihuan's approach is fully qualified.

On the contrary, Lin Zhichao has more ideas over the years - worrying about the country and the people!

"Can we join forces with the media group and develop a complex of comic exhibitions, cinemas and other buildings in this area, a combination of art and commerce?"

After thinking about it, Lin Ruihuan said: "Dad's idea is very good, Hong Kong comics have many fans in the world, and now the Hong Kong culture is also rising, as long as it attracts enough tourists, then commercial facilities can naturally be carried out smoothly." Later, I'll have a good chat with the fourth! ”

Lin Zhichao nodded and said: "In the field of commercial real estate, it is in various forms, so we have to keep exploring. ”

"Yes"

This project, if persuaded by the Hong Kong Government Planning Department, may be able to earn billions of Hong Kong dollars for Cheung Kong Group. However, if it is developed into an art + commercial complex, the profits will be endless, which is equivalent to the effect of rent collection; More importantly, it reflects the essence of Hong Kong culture, promoting Hong Kong's cultural industry, driving tourism and other benefits.

So, you can do it, as long as you have a long-term vision!

December.

Deep Water Bay Golf Course.

Lin Zhichao, Guo Huonian, and Rong Zhi are playing golf, needless to say, Lin Zhichao and Guo Huonian look up to Rong Zhi, a junior, just because of his father's love and mainland background.

The business field is a network of relationships, and the reason why Lin Zhichao supports Chinese capital to gain a foothold in Hong Kong is that he hopes to get more good projects in the mainland next year. Why did Lin Zhichao donate to the cause of the disabled, in addition to his careful understanding of this cause, it also has the meaning of buying political insurance.

Lin Zhichao's charity, except for charity in the field of education, is very pure, and the rest is more of a political insurance. Charity in the field of education, if it is said to be impure, Lin Zhichao can refute - why should I donate so much? And why do it yourself - many times a year!

on the pitch.

Rong Zhi suddenly said in a half-joking tone: "Uncle Lin, Guo Sheng, if I enter the cave, I will buy Hengchang." ”

After Lin Zhichao and Guo Huonian glanced at each other, the two quickly tacitly agreed. What politically minded people they are, although they are reluctant to Hengchang shares in their hearts, they can only choose to fulfill their wisdom.

In fact, why did Rong Zhi suddenly want to buy all of Hengchang?

It turned out that in mid-September this year, after the consortium headed by CITIC Jingfeng completed the acquisition of Hengchang, Rong Zhi was full of ambition and enthusiastically led a team to Europe, the United States, and Japan for tour promotion (Note: to promote Zhongjing stocks, foreign consortiums should be entrusted with Zhongjing Investment Securities). At the beginning, he thought that the acquisition of Hengchang, a veteran bank with a history of 45 years and a profit of up to HK$1 billion, would be a great deal in front of the ghost guy and Toyo Fund. Who would have thought that the greater the hope, the greater the disappointment.

Japanese institutional investors showed no mercy to him, and vigorously criticized CITIC Jingfeng for taking advantage of the transition of the 97 Dynasty to buy left and right in Hong Kong, although it has the equity of blue-chip companies such as Cathay Pacific, Hong Kong Airlines, Telecommunications, and Hengchang (Hengchang is considered a preparatory blue-chip stock, but) is not listed, but it does not have its own business and cannot be used as a long-term investment object.

The overseas consortium listened to the comments of some overseas media and did not conduct a comprehensive and objective credibility survey of Zhongjing, and the results were lukewarm.

Only then did Rong Zhi realize that Zhongjing, as a subsidiary of CITIC, gave the outside world the image of a trust and investment company, not an industrial company. Although the largest shareholder of Hengchang is Zhongjing, Zhongjing only has 36% of the shares, and it cannot be said that it is Zhongjing's company.

It is impossible for Zhongjing to control Hong Kong Airlines, which is controlled by the British-funded Cathay Pacific and Hong Kong Telecom and Lin Zhichao families, as its own, so it can only fight Hengchang's idea and "bury its hands" (start) in Hengchang.

Lin Zhichao said happily: "No problem, if you want it, just take it!" ”

Guo Huonian said: "Hengchang has sold Hengchang Building to Ho Shanheng for 907 million Hong Kong dollars, plus cash flow and stocks, it probably has more than 3 billion Hong Kong dollars, and Hengchang's assets are about more than 5 billion Hong Kong dollars. Therefore, I bought our shares at a premium of 15%, so that Lin Sheng and I have no opinion, and others will not be embarrassed when they see that the general trend has gone! ”

Rong Zhi hurriedly said: "Thank you Uncle Lin and Guo Sheng for your success!" ”

What he is most afraid of is Lin Zhichao, because Lin Zhichao's status in Hong Kong is too high, and his status in the world is also very high, so it is completely impossible to use the mainland government to oppress Lin Zhichao, and the above will not allow it. Secondly, Lin Zhichao is the son-in-law of the Jiangnan Tang family, and he called him 'Uncle Lin' according to his father's will, and he has only gained a firm foothold in Hong Kong over the years, and even CITIC Jingfeng was listed by Lin Zhichao with the help of Lin Zhichao.

Next, Rong Zhi said: "Uncle Lin, Zheng Sheng, can you trouble you to intercede!" ”

Lin Zhichao thought about it, Rong Zhi went to talk, and the relationship was too stiff, so it was more appropriate for him to come forward, so he agreed: "I'll talk about it for you, I don't dare to say it if it doesn't succeed!" ”

Rong Zhi said: "With Uncle Lin coming out, I believe that Zheng Sheng will agree!" ”

After taking the equity of Lin Zhichao and Guo Huonian, CITIC Jingfeng already had more than 60% of the shares, so Zheng Yutong could only give; What's more, Zheng Yutong is also investing in the mainland now, and plans to invest heavily in the mainland and Hong Kong in the future.

Lin Zhichao came along, just said not to make an unpleasant fuss or anything. After all, Lin Zhichao and Zheng Yutong have been friends for many years, and there will be no problem for him to come forward.

As for He Shanheng's side!

Originally, he promised not to 'tear down the bones', but now Rong Zhi's mind has changed, he has acquired so many assets, and only raised 1.1 billion Hong Kong dollars in the stock market, and the amount of funds is very short.

Therefore, Rong Zhi sold Hengchang Building for the first time, but because the buyer was the Ho Sin Heng family, and the price was 1~150 million Hong Kong dollars lower than the market (appraisal price); Therefore, when He Shanheng tasted the sweetness at this time, he naturally would not jump out to accuse Rong Zhi.

After all, He Shanheng is a big man in the banking industry in Hong Kong, and Rong Zhi's step is a relatively smart approach, otherwise if he offends He Shanheng, he will be in trouble in the future. (End of chapter)