Chapter 930 Another Predator Appears!

July 17th is actually the day "Speed" was released.

In fact, there is a more important thing happening in Xiangjiang.

That is the Banking Association's announcement that starting from next Tuesday, July 21, the Xiangjiang savings deposit interest rate will increase from 11% to 12%.

Increasing deposit interest will encourage people to save money and stop investing irrationally.

You know, the current loan interest in Xiangjiang is not low. The prime loan interest rate has risen to 17%, and the installment payment interest rate has increased to 18%, which is completely comparable to the highest interest rate around 1973.

The Banking Association has raised deposit interest rates, and with loan interest rates continuing to rise, deposits are obviously much more cost-effective.

Besides, there is a more important point.

Now the government is clearly dissatisfied with the real estate market with high housing prices and high prices, so it has taken action to rectify some financial companies. Seeing that Xiangjiang's real estate is about to enter a downward trend, who dares to buy a house at this time?

Even if you really want to buy a house, you have to wait until the situation stabilizes.

The most normal rhythm when buying a house is to buy when it goes up and not when it goes down. If you buy it when it goes down, who knows if the price will continue to drop as soon as you buy it?

Therefore, after this announcement, the number of real estate transactions in Xiangjiang dropped sharply in the past few days. The number of transactions dropped by more than 90% compared to last month.

But at the same time, none of the real estate projects in Xiangjiang, which are of a slightly larger scale, have reduced their prices.

The last price reduction of Chinachem was 50 yuan per square foot, but it has gone up again in the past two days.

The property market in Xiangjiang is advancing slowly in this subtle, tightrope-walking atmosphere.

The property market can still hold up, but the stock market has become very responsive.

On July 17, the overall stock market in Xiangjiang fell 2.5% on the spot.

On Monday, July 20, the stock market continued to fall by 1.7%. After the new interest rate was officially implemented on Tuesday, it continued to fall by 1.5%. Then on Wednesday, it fell sharply by 2.3%. In four trading days, it lost 6% of its market value. , the evaporated market value exceeded billions of Hong Kong dollars.

That is to say, on the fifth trading day, when the stock market continued to fall as soon as it opened, a real estate company happily announced that it was going public.

This real estate company is called Henderson Land Development Co., Ltd.

The total capital of the listing is 1.069 billion shares, the value of each share is set at 2 yuan, and the price-earnings ratio is a normal 30 times.

Then Henderson publicly sold 50 million new shares at a price of 4 yuan per share. Each new share included 1 share of capital and 4 shares of expected share capital. When new shareholders applied for 4 shares of expected share capital, each share was first Pay 0.5 yuan, and the remaining amounts will be paid at the end of this year and June next year, with the amount of each payment being 1.5 yuan.

So these 50 million units of new shares raised another 1 billion.

At this price, the total market value of Henderson Land Development Company will reach about HK$3 billion.

The HK$3 billion Xiangjiang Real Estate Company was a super-large company the year before last, and it was enough to rank among the top five last year.

But now that the market value of real estate companies has skyrocketed, its 3 billion seems a bit unqualified, and it can only be ranked in the top ten at most.

The chairman of Henderson Land Development is called Li Zhaoji, ranking fourth, and will be the second richest man in Hong Kong after Li Chaoren, Uncle Li.

Due to the high degree of monopoly in various industries, the ranking of Hong Kong's richest people generally does not change much.

Especially the top ten richest people, basically from now on, they are the same people.

However, the top three super-rich people, after the death of the head of the Bao family and the Huo family gradually hiding their assets, basically Li Chaoren, Li Zhaoji and Zheng Yutong took turns taking charge.

After the 1990s, Li Chaoren was number one, and Li Zhaoji and Zheng Yutong were hovering between second and third.

The three heroes of Sun Hung Kai back then could be said to be among the best talents in Hong Kong.

Guo Desheng is very fussy, likes to do things personally, and is extremely energetic. This kind of character is very important in the entrepreneurial stage, because these characteristics of his have also been passed on to his three sons, so they have also laid the foundation for the future of Sun Hung Kai Properties for 40 years. years of glory.

Feng Jingxi is another Bao Yugang. He is an extremely high-class man and has an extremely large and deep network of relationships. Therefore, his Sun Hung Kai Securities welcomed countless Chinese capitals to settle in. Finally, he became the president of the Hong Kong Stock Exchange and was in charge of the entire stock market. lifeblood.

The greatest advantage of Li Zhaoji is that he is careful, generous and calculating.

The biggest difference between him and Li Chaoren is that he is not as smooth in doing things as Li Chaoren. He can do anything as long as it is in his interests.

Therefore, before and after the return, Li Chaoren first received a lot of support from the British, and then was taken seriously by the mainland and given more support. He became the well-deserved richest man in Hong Kong, and Li Zhaoji could only be ranked second.

But in business, Li Zhaoji is very good. After he was able to establish his own business, he developed Henderson Land so well and became one of the top real estate companies in Hong Kong, which is a reflection of his ability.

Li Zhaoji is in real estate, and what he is best at is actually nothing special, that is, building small houses.

Henderson is very good at building 300-500 square feet, and almost always sells it when it starts construction, and then repairs it after it is sold.

At its peak, Henderson Land Development had more than 140 properties under construction and ready for sale at the same time, which is an astonishing scale.

Of course, the total number of properties built by Henderson Land Development is not large. Some are only one or two hundred, and some are only three or five hundred. They are not as domineering as Li Chaoren's Huangpu Garden, which can easily be calculated as tens of thousands of units.

If Li Zhaoji does this, then he needs to have a lot of land reserves. Otherwise, if you are halfway through the construction and find that you have no land, what should you do?

Therefore, in Hong Kong, Henderson Land Bank is the company with the largest land reserve, more than Cheung Kong Group.

Without Yin Jun, Henderson would have the largest number of Type B land exchange rights and interests.

In fact, if Yin Jun hadn't read Li Zhaoji's autobiography, he wouldn't have known about the B-type Land Exchange Rights and Interests Book, which was his fortune... Oh, by the way, this book was written by Liang Fengyi, who is now helping Yin Jun turn around x The population goes to Australia.

Then another of Li Zhaoji's fortunes was to go to Canada, the United States and the United Kingdom to advertise everywhere and acquire properties in Xiangjiang from the immigrants from Xiangjiang.

Because these immigrants are usually wealthy people, and the real estate they left in Xiangjiang is of little use. They might as well sell the money to invest or live here.

In the 1970s, only Li Zhaoji thought of this method, so basically all those people sold real estate to him.

Then Li Zhaoji took these property rights certificates and continued to demolish and build houses in the center of the city. He did not need to build a large building. He erected a building with 10 or 20 floors and built two to three hundred units. That's enough.

Just by relying on such "little troubles", Li Zhaoji made a lot of money.

By this year, he felt that the current real estate market had reached its hottest period, so he decided to go public and raise money first.

If it falls next year, then after making money, he can at most repurchase some stocks himself. That would be perfect, right?

But what Li Zhaoji didn't expect was that the day he chose would actually collide with a series of measures taken by the government and the Banking Association.

He was a little worried at first, but he ushered in a small explosion of listing.

After the 200 million tradable shares were taken out, they would be swept away by others in less than half a day. Even the 50 million new shares were swept away by funds, and the price rose to 2.14 yuan per share.

In the blink of an eye, Henderson's assets increased by about 7%.

Li Zhaoji was so happy that he could not open his mouth from ear to ear, because this also proved that his Henderson Land Development Company was a very promising company.

Moreover, with the cash machine of the stock market, Henderson's demand for funds will be further alleviated, and they will be able to develop better.

Although the current property market in Xiangjiang is very dangerous, how could a smart person like Lee Shau-kee not know that the real estate in Xiangjiang will always move upward - there is less land and more people, and the government needs real estate as a pillar industry. This will inevitably lead to the fact that real estate in Xiangjiang will definitely rise and cannot fall.

Therefore, isn't it the way to success to accumulate strength during a downturn and wait for the property market to pick up again before exerting force again?

Li Zhaoji, who was happy here, never thought that his Henderson Land Development Company had actually been targeted by Yin Jun for a long time.

In fact, Yin Jun has been paying attention to today's news about Henderson's listing.

Among the three major industries in Hong Kong owned by the super-rich, Cheung Kong Holdings, New World Development and Henderson Land Development, only Li Zhaoji’s Henderson Land Development Group has not yet exerted its power.

Henderson Land Development, which has just appeared on the stock market, has a market value of only 3 billion. Compared with its peak market value of more than 600 billion Hong Kong dollars 30 years later, it is as cheap as cabbage.

However, Yin Jun never thought of taking action now.

Because it is very simple. In the wave of Hong Kong property market crash next year, almost all Xiangjiang companies will not escape, especially real estate companies.

At that time, the value of Li Zhaoji's Henderson Development seemed to have dropped even lower.

If you take action at that time, you will not only be able to pick up good stocks at cabbage prices, but also gain Li Zhaoji's friendship. In any case, this is much more cost-effective than grabbing Henderson shares from the stock market now.

Yin Jun wants to buy shares of Henderson Land Development, not that he wants to control Henderson Land Development and let Li Zhaoji work for him.

He just wanted to be lazy and buy about 20% of the stock just like he did with Cheung Kong Holdings before, and then let Li Zhaoji continue to be his helmsman, while he would continue to receive dividends and enjoy the happiness of asset appreciation. .

You know, Li Zhaoji is famous for his generosity, and he especially likes to pay out large amounts of dividends every year.

Just such a huge profit can support Yin Jun to do many things!