We are all reborn, who wants to be the richest man?
Chapter 245 Reactions from all parties
How big is the HK$50 billion rescue plan? That afternoon, the Hang Seng Index broke through the 1,000-point mark from more than 800 points.
Had it not been for the market closure, the upward trend would not have been able to stop, and all parties in the business community on Hong Kong Island were immediately more confident.
In the noon news of the day, ATV News dedicated a special column for more than an hour to provide a detailed interpretation of the contents of the morning press conference. The participants were all so-called experts.
Real estate, emerging industries, technology, medical care, construction, etc. are all targets of the Far East Group's bailout support. Companies that do not meet the scope of support can also apply if they have stable long-term operations and stable profits.
In addition, the venture capital fund that has attracted the most attention is the venture capital fund established by Far East Bank. As long as your story and creativity can impress the review team, you can get an angel round.
Prior to this, Far East Group’s entrepreneurial funds were targeted at Far East employees who had left their jobs to start businesses, and its main investment projects were basically in the technology field.
It's different now. A venture capital fund of 20 billion Hong Kong dollars was invested directly by Luo Nianzhong.
Even if one of the invested companies can become a future unicorn and successfully go public, Luo Nianzhong feels that he has made a profit.
The target companies targeted this time are mainly non-tech companies and start-ups.
After all, on Hong Kong Island, it is impossible for a grassroots team that is not a start-up to develop technology companies without being known or paid attention to by the Far East Group.
As for non-tech companies, they invest in creativity and development potential. This venture capital fund is for the Luo family to extend its tentacles to all walks of life in Hong Kong Island in the future.
Hong Kong residents are focusing on the 50 billion bailout funds and the Hang Seng Index, while the big guys are focusing on Far East Bank.
“We made the right move at the beginning, and he will be the real economic governor of Hong Kong Island from now on.
As long as we follow Far East Group step by step, our Kadoorie family will have a place in the world."
After looking at his son Mi Gao, Lao Kadoorie could only say that stupid people are blessed with stupid things.
The dandy who used to spend a lot of time and spend time with friends did not expect to suddenly become a nobleman of the Kadoorie family. How can this be justified?
"Remember, the high-end hotel industry and the power industry will be our family's main business in the future. You can play with real estate and the like, but don't prioritize."
Seeing Mi Gao frowning, Old Kadoorie explained, "I don't need to talk about the status and funds of Far East Bank now, right? No matter what happens in the future, Far East Bank is semi-tied to the economy of Hong Kong Island, so it will neither fail nor fail. .
Hotels and electricity are obviously areas he wants us to enter on behalf of the Luo family. As long as Far East Bank is here, we will not lack funds in these two industries.
But it’s hard to say for other industries. If we sink too deeply, we will always be hurt, probably twice as much.”
Seeing Mi Gao nodding, Old Kadoorie asked again, "How is the construction of Qingshan Power Plant B?"
"It's coming soon, it's expected to be put into use in another month."
"Well, after this matter is over, you can go to Australia."
"Going to Australia? What are you going there for?" Mi Gao was puzzled.
“When I went to Far East Group to meet with Welch a few days ago, he told me that Far East’s internal team is very optimistic about the mineral market in the next 20 to 30 years, especially iron ore.
They expect explosive growth within ten years at the latest.”
"The iron ore discovered in Western Australia? No, we can't compete with those giants. You mean the power resources in Western Australia."
Old Kadoorie looked like a teachable child.
“I said that our main business in the future will be electricity and high-end hotels. Massive mining of ores cannot be separated from a large amount of electricity.
But as far as I know, the power supply in Western Australia is now reaching saturation and there is not much margin.
Acquiring a power company is our opportunity."
Old Kadoorie even saw the ambition to unify the Western Australia electricity market and become Australia's largest power company.
Plan in advance. When the power is insufficient, those mining companies that are short of power will become the prey of Lao Kadoorie.
At the same price, you can enjoy sufficient electricity by giving up your original power supply company. Those mining companies know what to do with their butts.
When the time comes, the Kadoorie family will be able to operate the entire southern hemisphere starting from Australia. How brilliant the Kadoorie family will be when it owns markets in Asia and the southern hemisphere. Old Kadoorie hopes he can see this day.
As for why he believed the internal reports of the Far East Group, wasn't life sometimes just a gamble, not to mention that he had a solid backing for this gamble.
Not only the Kadoorie family, but also a father-son dialogue was taking place in a private club on Hong Kong Island.
"I didn't expect that that little guy can really be regarded as the behind-the-scenes emperor of Hong Kong Island now. Even HSBC was forced by him to abandon the base camp of Hong Kong Island."
Outsiders are looking at the excitement, but insiders are looking at the door. Although Hong Kong Island is still the center of Asia for HSBC, in their eyes, it was Luo Nianzhong who forced HSBC out of Hong Kong Island.
Is there a problem with HSBC’s choice? I can’t say yes, but given HSBC’s initial advantage in the financial industry, it would be a failure to not have the best of both worlds.
"Run your water company well. While I'm still young, I can help you keep an eye on the group for a few years. Maybe your achievements will surpass mine in the future."
Glancing at his son who was smiling, Sha Dantong thought for a moment and said, "When I turned around and saw him asking for help, I told him that our family wanted to sell 5% of the shares in the jewelry company and asked him if he was interested."
Zheng Jiachun, who was still happy at first, was stunned and then said, "Father, do you want to..."
Shark Dantong interrupted him, "It's just 5% of the shares, it doesn't mean anything, it just sells well.
Besides, with that guy’s style and generosity, I think our family might gain even more.”
Seeing Sha Dantong's treacherous smile, how could Zheng Jiachun, as his son, not know what he wanted, which was nothing more than more shares in the water company.
He felt that his father was plotting against him but he had no choice but to bite the bullet and nod and agreed.
Not only the Kadoorie family and Sha Dantong, Li Bancheng, Fourth Uncle Li, Huo family, Bao family and those British-funded families were all discussing Luo Nianzhong.
Unlike the Chinese-owned family who happily cheered for Luo Nianzhong, the British-owned family was different. It can be said that they were basically divided into several factions.
The four major foreign banks, plus the Sassoon family and the Kadoorie family, the major shareholders behind HSBC, can be said to be the six largest British and foreign companies in Hong Kong.
The Sassoon family and the Keswick family of Yihe were considered enemies of Luo Nianzhong, and the two sides often had conflicts over their overlapping businesses.
Of course, the main reason here is that Luo Nianzhong entered other people's fields. The Sassoon family and the Keswick family now dare not rush into the semiconductor industry, the foundation of the Luo family. The lessons learned by the Jianing Group are too great.
The Qi Dezun family of Hutchison & Co. has lost Hutchison & Co. and has returned to the British mainland. The Ma Deng family of Wheelock is even more debt-ridden.
Needless to say, the Kadoorie family has now basically become the Luo family. For this reason, they have attracted a lot of ridicule from Keswick and others.
The last remaining member of the Swire Group, the Silvaya family, may be the only one in Hong Kong who has the ability to conflict with Luo Nianzhong but has never had a business relationship with him.
Even though Luo Nianzhong is about to enter the aviation industry, Swire's pillar industry, the Silvayer family has never done anything behind the scenes.
This family is so low-key that people in Hong Kong often forget about them.
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