In his previous life, affected by the Asian financial crisis, the real estate, hotel and other stock assets held by Asia's richest man Li Zhaoji shrank significantly. Li Jiacheng was lucky enough to escape the huge impact of the Asian financial crisis because he bought European energy and other assets at the bottom, taking advantage of the housing and land prices in Hong Kong. Taking advantage of the sharp decline, its subsidiary Cheung Kong Holdings took the opportunity to make aggressive acquisitions at low prices and rose against the trend. It took away the throne of Asia's richest man from Li Zhaoji in 1998. Since then, it has been proud of the crowd and has been the richest man in Asia for many years.
In the previous life, without the Asian financial crisis in 1998, there would have been no Li Chaoren, the richest man in Asia.
On July 17, Wang Dongming came forward. htIc invested 689 million Hong Kong dollars and successfully auctioned a commercial and residential building located on the street in Central in the Central and Western District Court of Hong Kong. It has 12 floors and a construction area of square feet, equivalent to square meters. Hong Kong dollars per square meter. Last year, it was 5 In August, the price of this house was equivalent to Hong Kong dollars per square meter. The 1st to 5th floors were planned to be the Xiangjiang Taobao Electrical Appliances Mall, the 6th to 8th floors were planned to be the Xiangjiang Kunpeng Software Research Institute, and the 9th to 12th floors were planned to be the htIc headquarters.
Taobao Electrical Appliances Group took advantage of the economic downturn in Hong Kong to enter the electrical appliances sales market in Xiangjiang. Shuguang brand mobile phones produced by Shuguang Communication Group, computer software produced by Kunpeng Software Group and Guozhi brand computers produced by Guozhi Computer Company can be sold in Xiangjiang for the first time. It will be released simultaneously and can also be exported to Southeast Asian countries through Hong Kong Port.
Xiangjiang Kunpeng Software Research Institute can recruit global software talents.
It is also very convenient for outstanding talents from all walks of life around the world to work in Hong Kong. All companies need to do is apply for a work visa from the Hong Kong Special Administrative Region Government.
All enterprises in Xiangjiang are required to pay corporate income tax, but in order to encourage the development of enterprises, the Xiangjiang Special Administrative Region Government also provides some tax exemptions for enterprises investing in Xiangjiang (for qualified companies, their investment funds can be used to offset corporate income tax ) and conduct research and development (for companies engaged in research and development activities, their research and development expenses can be used to offset corporate income tax), and certain tax exemptions can be obtained.
Xiangjiang Kunpeng Software Research Institute will be registered with HK$10 million and open to the public.
To invest and start a business in Xiangjiang, registration and registration procedures are simple and fast. Foreign or local investors are treated equally. Minimum intervention, no subsidy policy, and the same tax rate are implemented to provide a fair operating environment for all companies doing business in Xiangjiang.
The corporate income tax rate in Xiangjiang is 16.5%. In addition, there is a unique tax system, the "double non-taxation agreement". That is, in the agreements signed between Xiangjiang and other countries, if taxes have been paid in another country, Xiangjiang will There will be no corporate income tax.
Xiangjiang only implements conditional access to a few industries such as telecommunications, broadcasting, transportation, energy, wine sales, restaurants, medicine and finance, and other industries are fully open.
Xiangjiang's personal income tax rate is divided into two levels, 2% and 17%. In addition, there is a unique tax system, namely "personal tax allowance", which means you can get a certain tax exemption amount every year.
There is no VAT for businesses and tariffs are very low.
The tax rate for doing business in Hong Kong is only about 30% of that in the Mainland, but the cost of land, electricity and labor are more than five times that of the Mainland. The production of general industrial products is not competitive compared with the Mainland.
The financial and real estate industries that Hong Kong relies on are a double-edged sword. The high housing price policy has hindered industrial development, making it difficult for companies to maintain high-cost land and labor.
For high-tech industries that require long investment return cycles and high investment risks for innovation, no entrepreneur in Hong Kong is willing to invest.
The slogan of Xiangjiang people is: Speculate in real estate, then speculate in real estate, speculate in stocks again!
Not many college students are willing to study science and engineering, and most of them study business.
The consequences can be imagined!
The decoration of this house has been handed over to a decoration company affiliated to Sanxin Real Estate Group, so that the good news will not go to outsiders.
Sanxin Real Estate Group (renamed) has not escaped the impact of the Asian financial crisis. Its land and real estate holdings have plummeted, and its performance has plummeted. Its stock price has dropped from the highest price of HK$49.58 to HK$29.65, a drop of 40.16%, and its market value has shrunk by 40%. many.
The largest shareholder Gao Fuming and the second largest shareholder hItc suffered heavy losses.
During the stock market crash, although htIc, which holds 33.33% of the shares, did not sell a single share of Sanxin Real Estate Group, the company's stock rose from HK$0.15 to HK$49.58, an astonishing increase. There were many profit-making positions, and no institution took over, so the decline was also small. big.
Most of the 50 million shares that Gao Fuming received from htIc last year were borrowed from HSBC, Hang Seng and Standard Chartered Bank through the shares he held in Sanxin Real Estate Company. Now the stock price of Sanxin Real Estate Company has plummeted, and the three banks He was asked to repay the loan in advance or make up for the loan mortgage. In desperation, he found Sun Jian and the two parties negotiated a stock transfer agreement. The change of major shareholders was approved by the company's board of directors.
On July 18, Gao Fuming transferred 50 million shares to htIc at a price of HK$32.58.
htIc holds 350 million shares, accounting for 38.89% of the total share capital, and is the largest shareholder, with Sun Jian serving as chairman and legal person; Gao Fuming holds 300 million shares, accounting for 33.33% of the total share capital, becoming the second largest shareholder and serving as president .
Xiangjiang Taobao Electrical Appliances Mall will open on October 1.
Wang Dongming immediately understood that the shrewd Sun Jian had seen the investment value of Xiangjiang real estate stocks and took the opportunity to absorb them.
Pulling tcG to HK$130 and htIc Securities to HK$15 not only fulfilled the promise of repurchasing the company's shares, but Taobao Holdings and htIc were also the biggest beneficiaries.
Everyone does not know that in its previous life, the Hong Kong Stock Exchange purchased more than 110 billion Hong Kong dollars in the stocks of 33 Hang Seng Index constituent companies, holding 7% of the market value of Hong Kong stocks, and became the major shareholder of some companies. It had to set up a profit fund to go public in batches. Sold back to the market, earning more than 110 billion Hong Kong dollars.
Large investors with short positions and liquidations in the market suddenly saw on their computer screens the results of blue-chip stocks such as Wharf Group, Henderson Land, Hutchison Whampoa, Sun Hung Kai Properties, New World Development, Sino Land, Hang Lung Properties, Sanxin Properties, Hang Seng Bank, and Bank of East Asia. The stock price was continuously boosted by big funds, who were buying goods regardless of the cost. The Hang Seng Index soared rapidly, and many people were surprised and joined the rush to buy goods.
"Sell real estate stocks and bank stocks!"
Robert took a look and hurriedly mobilized funds to buy soaring real estate stocks and bank stocks, and then sold them to hit the market.
"Raise up tcG, HSBC Holdings, and Cheung Kong Holdings!"
When President Ren saw the endless pay orders on the screen, they came from htIc Securities Company. The world's richest man took action, caught him by surprise, and issued the order for a final attack to beat the drowned dog!
The stock prices of tcG, HSBC Holdings, and Cheung Kong Holdings soared, and the Hang Seng Index soared!
"Use all the funds to invest in tcG, HSBC Holdings, and Cheung Kong Holdings!"
When Robert saw that something was not going well, he also issued the order for a general attack. Now victory is no longer the goal, and a small loss is a win!
