Baiyue Cave Master

From the perspective of later generations, the Hong Kong land auction in the 70s was a feast of wealth with turbulent waves.

The land auction held by the Hong Kong government also attracted many influential companies and businessmen to participate.

Everyone has launched a fierce competition on this land, profoundly affecting Hong Kong's urban development and economic structure.

Among these participants, Cheung Kong Holdings represented by Li Huanggua has emerged.

Li Huanghua has a unique vision in business and relies on accurately grasping the opportunities brought about by Hong Kong's urban expansion.

With his keen business sense and sound business strategy, he led Cheung Kong to actively participate in the land auctions hosted by the Hong Kong government since the Governor's "Ten-Year Housing Plan" was introduced.

We are committed to building large-scale integrated residential communities to provide living space for the growing population of Hong Kong, gradually gaining a foothold in the Hong Kong real estate market and continuously expanding our territory.

Mr. Guo of Sun Hung Kai Properties is also a frequent visitor to auctions.

Boss Guo himself pays more attention to the coordinated development of quality and commercial layout. After buying the land, his business model tends to plan and build large-scale projects integrating commercial and residential areas.

Its properties are known for their high quality and complete supporting facilities, which have shaped Sun Hung Kai's premium brand image in the Hong Kong real estate industry and promoted regional prosperity and upgrading. From new towns such as Sha Tin to bustling urban areas, Sun Hung Kai's landmark buildings can be found everywhere.

As a foreign-funded enterprise that has been rooted in Hong Kong for a long time, Swire Group is also active in the land auction arena.

Relying on its strong capital and international vision, Swire has made many bids in auctions, focusing on the development of high-end commercial projects and office buildings.

With strong strength and unique taste in Hong Kong’s commercial real estate sector, we have attracted international high-end brands to settle in and enhanced Hong Kong’s commercial status and international image.

The Hong Kong property company participated in the competition with its high-end luxury development concept, focusing on land resources in core areas such as Central.

Under the construction of Hong Kong Land, a number of Grade A office buildings and high-end shopping malls have sprung up, defining the image of Hong Kong Central as a world-class financial and commercial center, and becoming the preferred location for the headquarters of many multinational companies in Hong Kong. The projects developed by Hong Kong Land are landmark symbols of Hong Kong's prosperity and wealth, consolidating Hong Kong Land's dominant position in Hong Kong's high-end real estate market.

Together with other Chinese and foreign-funded enterprises, it wrote a legendary chapter in Hong Kong's urban development at the land auction in the 70s.

Relying on their unique advantages and strategic vision, each of them competed for land resources and built Hong Kong's colorful and well-organized urban architecture and business ecology, laying a solid foundation for Hong Kong to become an international metropolis.

It is precisely because of Hong Kong's unique business atmosphere and investors from all over the world that Hong Kong's business competition and pioneering spirit have become a vivid footnote to Hong Kong's economic boom in this era, creating a legend of the Pearl of the Orient.

Wang Yuanchao led Ouyang Yuanfang, Luo Yihua, Liu Qianqian, Xie Sha, Liu Meng and others to the Hong Kong Government Administration Office.

This feast of capital, which follows the pulse of the times and is a gathering of many bigwigs, has brought together the vast majority of Hong Kong's top tycoons and businessmen.

The air at the auction was filled with a mixture of tension and anticipation.

When Wang Yuanchao and his party entered the venue, noisy voices surged in like a tide, and various business elites and real estate tycoons gathered together.

Everyone attending the auction was wearing a tailor-made suit, with shrewd and sharp eyes. They talked to each other in a low voice, some looked solemn, some were confident, and exchanged their calculations and their determination to obtain the land.

In front of the venue, detailed information and planning maps of the land to be auctioned were displayed, and staff were busy shuttling around, answering any final questions.

The lights were focused on the auction table. The auctioneer stood in the center, the hammer in his hand seeming to control the switch of this wealth competition.

After seeing Wang Yuanchao's pedestrians, Mr. Dong, the ship owner's family, who had gone out to sea with him last time, whispered to his father beside him,

Quickly came to Wang Yuanchao:

"Mr. Wang, long time no see.

You look very energetic today, and it seems that you are determined to win the land auction today."

Wang Yuanchao saw Mr. Dong happily extend his hand, shook hands with the chairman, and said:

"Mr. Dong, if you're okay, I won't see you.

Doesn’t Dong Shao’s family fish for food in the sea?

Why are you attending the land auction today? "

"Hey, with Hong Kong's current business environment and the influx of global capital,

Everyone estimates that the financial crisis caused by the Hong Kong stock market has basically passed.

Hong Kong's economy will be in a period of rapid development in the future, especially as the Hong Kong government has recently promoted the construction of Hong Kong into a global financial metropolis.

The global shipping industry is in a recession, and everyone is optimistic about Hong Kong's future real estate market.

Therefore, several families in Hong Kong that made their fortunes in the shipping industry all have the idea of ​​abandoning their ships and going ashore. So in this land auction, our family is also looking for opportunities to see if we can get a few pieces of land that we like.

Wang Yuanchao handed a Cuban cigar to Mr. Dong with a half-smile, and said as he cut the cigar:

"Your shipping tycoon families have too much capital, and the Hong Kong market is only this big.

Would the Chaoshan Chamber of Commerce and the four major comprador families be willing to let you go ashore?"

The chairman smiled noncommittally and said:

"So today our Dong family and Bao family came together to talk about water and test everyone's attitude."

Wang Yuanchao shook his head and said:

"I think it's a bit risky. For a start-up like mine, a low-end enterprise, I can only take a bite or two at the land auction.

This group of people will take it seriously that they just took a nap and won't take it too seriously.

But you families with huge assets want to enter the market to make some money.

These people will treat you as a formidable enemy and work together to strangle you.

So I think you better not get your hopes up too much.”

Mr. Dong was not angry because of Wang Yuanchao's frankness, because the situation in Hong Kong was in front of everyone, and those who could enter this circle knew it very well.

"Yes, our family and the Bao family also know this situation.

So we are not greedy this time. Our main goal this time is to get a piece of land first and enter the market first.

As for subsequent development, we can take our time.”

In the real estate business in Hong Kong, these big developers all form groups to acquire land and exclude other players who want to enter the market.

So Wang Yuanchao was also curious about which piece of land the Dong family and the Bao family had their eyes on, so he asked:

"Oh, I wonder, Mr. Dong, which piece of land did your family take a fancy to?

It would be bad if we end up on the same ground.”

Young Master Dong was not stupid. The reason why he came over when he saw Wang Yuanchao entering the venue was that he wanted to rely on the friendship of going out to sea together to test whether they could unite. So Young Master Dong said with a smile:

“I wonder which piece of land Mr. Wang has his eyes on?

This time we chose the site at No. 36, Mong Kok. It has a good location and is large enough for our family's initial development.

The Bao family has their eyes on the plot of land at No. 106 near Hung Hom, Kowloon, and wants to build a high-end luxury residential community there to test the waters first.