In late October in Hong Kong, the heat was no longer as hot as before. Although no cooperation matters had been finalized with several major investment banks, everything was developing as he expected, which made Chen Zhiwen feel much better. As long as this Once you succeed, you will have more funds to realize your dream.
After all, no matter how high the previous profits were, they would always reach the level of 100 million US dollars. In Hong Kong, there are a lot of funds, but when it comes to global layout, the funds are too small. In the coming 1980s, the global market will have countless Opportunities, these require massive funds to seize the opportunity, otherwise, at most you can only go in and take a sip of soup.
Hutchison Whampoa, Whampoa Gardens, the largest walled village project in Hong Kong's history, is already on sale at full capacity. Countless people are rushing to send funds in order to obtain enough real estate, and some people are even buying houses in units of buildings.
Midea is still developing along the same old path. At present, it mainly focuses on arcade machines. As "Pac-Man" begins to prepare for the launch, the factory in Hong Kong has also entered a busy period. However, some people have resigned, especially some capable technical or management talents. After tracing, the HR department discovered that these people had gone to the real estate industry. Although they were in the technical field, they were very smart if they could get certain positions in the industry. In the current environment in Hong Kong, they naturally chose better way.
Red Bull actually has a similar situation, but fortunately the impact is not very big. After all, only a few people have the courage to change careers, and when a large number of people do it, it will not be far from a bubble.
After Chen Zhiwen found out about this, he didn't take any action. It's normal for people to die for money and for food. You can't block others' way to make a lot of money, right? Anyway, the reform is about to begin. Even if many industries cannot be relocated in the initial stage, as long as some of them are relocated, it will be enough to share the labor pressure in Hong Kong.
The current Midea Industrial City has very large production capacity in all aspects, especially fans. With the best price/performance ratio, many supermarkets around the world have begun to place orders. A small industrial park in Hong Kong has begun to be overwhelmed. This is an urgent need to relocate. When it comes to the low-end industries in the Mainland, Hong Kong needs to be prepared for mass production of the home game consoles and handheld consoles that will be developed soon.
Of course, the entire fan industry chain, especially the motor technology and fan low-noise technology that Midea has spent a lot of money on research and development over the years, is not too low-tech.
Going with the trend is also Chen Zhiwen's default attitude towards Hong Kong's real estate industry and industry.
Standard Chartered Bank:
Senior Bill Winter was leisurely drinking afternoon tea. As a British gentleman, no matter how busy he is at work, he still needs to spare half an hour for a cup of tea in the afternoon.
Suddenly, there was a knock on the door outside, and Bill Winter said: "Please come in."
A young purple-haired beauty walked in, it was his assistant.
"Mr. Winter, the office of the Secretary to the Board of Midea Group just called. Mr. Chen Zhiwen asked you to have tea at the Grand Hotel Group at three o'clock tomorrow afternoon, but because you have a meeting with Australia at three o'clock tomorrow afternoon, I don't know if you How to arrange it, Midea said it can be adjusted according to your time." said the purple-haired assistant.
"Chen Zhiwen? What did he ask me to do?" Bill Winter was stunned for a moment. Standard Chartered and Chen Zhiwen's companies cannot be said to have no cooperation. After all, Standard Chartered is also the third largest bank in Hong Kong. It has the right to print Hong Kong dollars. Chen Zhiwen's The company is now vaguely known as the largest conglomerate in Hong Kong. There is naturally cooperation between the two, but even if the scale is not small, it is just an ordinary cooperation. The top management of both parties has not reached a strategic cooperation.
The purple-haired assistant analyzed: "Before, when Chen Zhiwen took the Wharf from Yihe, HSBC was on the side of Yihe. It is said that that time, Chen Zhiwen did not give HSBC face. I wonder if it was because of their previous The conflicts between us have not been eliminated, so Chen Zhiwen wants to cooperate with us. After all, the largest banks in Hong Kong are HSBC, Hang Seng and Standard Chartered, and Hang Seng is also owned by HSBC."
"Shen Bi shouldn't be so stupid to give up such a big customer just for the sake of face." Bill Winter thought for a while and said: "But it is also possible that Chen Zhiwen wants to give up cooperation with HSBC. This makes sense. After all, no matter how successful he is, He is still a young man, no matter how capable and visionary he is, he is still quite arrogant when it comes to his mind."
"Then I'll postpone the meeting with Australia?" the purple-haired assistant said.
"Of course, that meeting is nothing compared to this matter. Let's make another appointment." Bill Winter said.
"Okay, then I'll reply to Mei's side first." The purple-haired assistant left immediately after receiving the order. Bill Winter was left thinking.
On the afternoon of the next day, Bill Winter arrived at the hotel in advance. Under the guidance of the waiter, he came to a sunny suite. There was no one else here, only a few Chinese people were here, and one person sat on the sofa in the middle. There is a team of four people behind him, who should be bodyguards or personal assistants.
"Hello, Mr. Winter." Chen Zhiwen already had a photo of Bill Winter's appearance, so he naturally knew him, and the other person should be the same.
"Hello, Mr. Chen." Bill Winter shook hands and smiled. The person in front of me has successively acquired Hutchison Group and defeated Jardine Matheson. His status in the business world is almost unmatched by anyone. In addition to those overseas industries, its scale has exceeded Standard Chartered Bank itself. In addition to this meeting , may bring great benefits to Standard Chartered Bank and himself, so Bill takes it very seriously.
"Please take a seat. I know Mr. Winter likes to drink tea, so I have prepared the famous Earl Gray tea in the UK." Chen Zhiwen said with a smile. Even with the rise of Chinese capital, the main economic force in Hong Kong is still British capital. A large number of Hong Kong's The high-quality consumer group is also British, so larger hotels will also prepare a lot of foods, teas, etc. that Britain likes. Earl Gray tea is a favorite taste of British aristocrats, and Chen Zhiwen has already made arrangements for it.
"Thank you. I haven't drank Earl Gray tea for a long time. In the past few years in Hong Kong, I have become accustomed to Chinese tea, which tastes very good." Bill Winter said with a smile.
"There are also teas from the mainland here. You can change the taste later." Chen Zhiwen said with a smile. Over the years, he has also developed the habit of drinking tea. Compared with drinking coffee and smoking, drinking tea is at least really right. I am in good health.
After chatting casually for almost a while, Bill Winter asked: "Sheng Chen, I wonder why you asked me out this time?"
Chen Zhiwen said: "Actually, it's nothing. I just want to get a loan from Standard Chartered Bank."
"That's no problem. I wonder how much money Mr. Chen needs?" Bill Winter's eyes almost lit up. As he expected, he came to him for a loan. Although he knew that Chen Zhiwen's company should not be short of funds, which one Rich people don’t need bank money to develop? In particular, Chen Zhiwen also has a large number of real estate businesses.
"I need almost 200 million U.S. dollars (900 million Hong Kong dollars), and I need a U.S. dollar foreign exchange loan." Chen Zhiwen calmly stated a figure.
"200 million US dollars?" Bill Winter calculated in his mind. With the scale of Standard Chartered in Hong Kong, it is not a problem to spend one billion Hong Kong dollars. Even if such a large sum of money is used, it will definitely affect Standard Chartered's normal business in Hong Kong. , but this is not a problem. In the worst case, just ask for funds from the headquarters.
After a quick turn in his mind, Bill Winter said: "Sheng Chen, Standard Chartered can disburse the loan of US$200 million, but I don't know what Mr. Chen will use as collateral?"
"This." Chen Zhiwen waved his hand, and a person behind him took out a box and placed it on the table. When he opened it, he saw a stack of stocks.
"Is this Land's stock?" Bill Winter's expression changed when he saw the company name on the stock.
"According to today's market value of Land, the shares here are worth almost HK$1.17 billion. What does Mr. Winter think of this mortgage?" Chen Zhiwen said with a smile.
"Sheng Chen already owns 17% of Land's shares?" Bill Winter roughly calculated and knew the proportion.
"Absolutely." Chen Zhiwen nodded and said. Before acquiring Wharf, he used funds to acquire Land shares. The original idea was to have a back-up to prevent accidents when fighting for control of Wharf. In this way, The Land shares you hold may be useful.
However, the subsequent shareholder meeting of Wharf was held very smoothly, and Wharf was directly acquired. However, the subsequent acquisition of Land shares did not stop and was still being acquired slowly. However, after losing Wharf, Jardine began to raise funds and then The increase in investment in Land and the rapid rise of the real estate market has made Land's stock prices higher and higher, making acquisitions more difficult.
Recently, Chen Zhiwen estimated the possible situation in 1983 and felt that further acquisitions would not be cost-effective, so he temporarily stopped. Moreover, further acquisitions may be discovered by Jardine Matheson. The gains outweigh the losses. At present, the most important thing for the entire group is Raise funds to go long gold futures.
These real estate stocks are also an asset. It would be a waste if they are not used. But if you don’t want the people at Jardine to find out, and you can still mortgage them, you can only find a bank with a normal relationship with Jardine, and the scale must be large, such as Standard Chartered. That's the most suitable.
"I understand, this stock can be mortgaged." Bill Winter nodded and said. He naturally knew that Chen Zhiwen had so many stocks, and he must have ideas about Land, but this matter was difficult to say openly, and it had to be kept secret, otherwise , not to mention that Hong Kong has been turned upside down, but I have offended Chen Zhiwen.
"It's just, Mr. Chen, the general mortgage of stocks is basically a cash-out rate of 50%. Your rate is over 80%. Is this a bit illegal?" Bill Winter continued.
"It's a bit much, but the funds can be given to me in two months. By then, Land's stock price should have risen a lot. Moreover, we can sign an agreement. If Land's stock price falls in the future, the insufficient mortgage will I can add more," Chen Zhiwen said.
Although gold will nearly triple next year, and with leverage, the profits will be unprecedentedly high, but he will not put all his capital into it, and in 1979, all companies are still developing normally. In the middle of the year, Midea's arcades and some real estate projects in Hong Kong can still make money. There is no need to invest these funds in the gold market in 1979, because it is not cost-effective to enter too late.
Besides, the housing prices and stock prices in Hong Kong will continue to rise in 1979, and there will be no major problems. This is just to calm the worries of the banks.
"In that case, that's fine. Then, what does Chen Sheng want the money for?" Bill Winter then asked. This is obviously not the acquisition of other companies or land. Otherwise, the stocks or land of the acquired company can also be used as collateral.
"I want to invest in the United States, but it is not convenient to disclose what I will invest in." Chen Zhiwen said that it is normal for banks to ask about the purpose of a loan. If the investment purpose is recognized, the bank's risk will be smaller and it will lend more money. With more money, the opposite is true.
"Sheng Chen really put me in a difficult situation." Bill Winter said hesitantly.
"It is true that this may go against the bank's risk control principles. However, if the governor succeeds, the opportunity will be gone. Moreover, as long as I am here, how risky will this project be?" Chen Zhiwen asked with a smile.
"I understand what Mr. Chen means. I can agree to this plan in principle, but there may be some twists and turns at the British headquarters." Bill Winter said with a frown.
Hong Kong's real estate companies have grown in scale by relying on bold guesses, and the same is true for Hong Kong's Chinese banks. However, because it has triggered several financial runs, the Hong Kong government has introduced policy restrictions, but there are still many banks doing this. Risky operations are human nature.
Standard Chartered has a problem. The business style in the UK is different from that in Hong Kong. Those at the headquarters cannot keep up with the pace here, but they are still very powerful.
"Then go through the process as soon as possible. If it doesn't work, give me a number that can be loaned, or I can find someone else." Chen Zhiwen said lightly.
"Okay, I will definitely reply to Chen Sheng as soon as possible." Bill Winter promised that he did not want to lose such an opportunity, because this is not just a transaction, once we cooperate, there will be more cooperation in the future. And if the cooperation does not succeed, or the cooperation is not pleasant, then you may lose opportunities in the future.
After getting Bill Winter's promise, Chen Zhiwen has accomplished one thing. He personally came forward to show the importance of this matter. At least in terms of probability, it will make the people of Standard Chartered pay more attention to it.
After returning to the Galaxy Group headquarters, Zhou Jiayang also came over and said: "Sheng Chen, I have already negotiated with several Chinese banks in Hong Kong and several overseas banks. They will form a banking group to release Hutchison Whampoa. A $200 million loan, and they didn’t ask where it was going.”
PS: There is another one tonight, please give me a monthly pass
(End of chapter)
