Finally, Zhao Congyan left with his men.

In the new week, Lin Zhichao came to the office building of Changjiang Real Estate.

Changjiang Real Estate has not developed a new project for a long time, but it still has 21 employees and has two property management projects, which can be considered a stable source of profit. At the same time, some of the original employees have been assigned to management of property companies.

.

As for the remaining people, Yangtze Real Estate will naturally not fire anyone. The Finance Department has been supervising the finance of Yangtze River Bank, and the Engineering Department has undertaken some external projects. If there is nothing to do, they will arrange more study and understand the market conditions.

Zhou Fuzhao came to Lin Zhichao's office and greeted: "Boss"

Lin Zhichao nodded, and then said: "The Yangtze River Bank wants to withdraw 6 million Hong Kong dollars in funds. Please help me convert all the money into US dollars and deposit it into a US dollar account. I will invest it later."

Zhou Fuzhao immediately said: "Okay, I will find out the best channel right away and let you know."

With so many U.S. dollars, I'm afraid only HSBC, Standard Chartered, and Merrill Lynch can exchange them, but I don't know which one has the cheaper handling fee.

"Well, report to me if you have any situation."

With such a huge deposit, Jian Dongpu would naturally come to ask Lin Zhichao personally, but Lin Zhichao already had a plan and was destined to miss the Bank of East Asia.

What's more, it is impossible for Lin Zhichao to deposit all his money in the Bank of East Asia, and his eggs cannot be put in one basket. Handing over the capital transactions of Cheung Kong Holdings to the Bank of East Asia is already a return of support for the past few years. After all, everyone achieves each other's achievements.

As for Lin Zhichao, he converted everything into U.S. dollars and kept it in a U.S. dollar account. He estimated that the pound will depreciate in the second half of this year, so if he does not convert it into U.S. dollars, it will depreciate by 30%.

Anyone would be heartbroken to lose so much wealth all of a sudden.

After these Hong Kong dollars are converted into U.S. dollars, Lin Zhichao will continue to arrange funds for Cheung Kong Holdings and also convert them into U.S. dollars to avoid asset reductions.

After a while, Hu Zhaoxu came to Lin Zhichao's office.

"How is the housing situation outside recently? Is anyone starting to build a private housing estate?"

Hu Zhaoxu shook his head and said: "They are all quite cautious. Although there are stratification and installment methods now, everyone continues to use the 'Four Hot Meats' method. Mainly because the land price is too high, and secondly, since Hong Kong added new recruits last year, everyone has also

I am vaguely worried about the future of Hong Kong.”

The so-called speculation on the four hot meats means that the owners build 2 to 4 five-story tenement buildings, no more than 4, because they are worried about risks.

In fact, currently, residential buildings cannot be higher than 5 floors. This alone determines that real estate is not very profitable. In addition, land prices are rising, so real estate is still not a hot spot.

But in any case, due to the emergence of "stratified installments", there are more and more property owners in Hong Kong who are "speculating on four hot meats". Overall, there are probably thousands more properties than in the previous life.

"Continue to inquire more and sort out the information. When the time comes, I will make a big move in buying real estate." Lin Zhichao warned.

Hu Zhaoxu immediately nodded and said, "Okay!"

Later, Hu Zhaoxu said: "Boss, the two owners next to the Cheung Kong Industrial Factory in Tsuen Wan are interested in selling the surrounding land. They approached me and said that it only cost 6 Hong Kong dollars per square foot. They also said that with the increasing population of Tsuen Wan, the land price is only

It will be more expensive, so let’s buy it as soon as possible.”

Lin Zhichao laughed and said: "For that poor place, the land price can be even more expensive. They have a good idea. You reply to them that Cheung Kong Industrial has an area of ​​250,000 square feet, which is enough for the factory. As for their land

, you can choose to sell it externally.”

In fact, 120,000 square feet is enough, and the additional 120,000 square feet purchased will be reserved for factory expansion in the future. As for the surrounding land, it is impossible for the current owners to sell it to themselves at a high price.

At the same time, the JF Army went to Guangdong Province to see if they could lower the price. They were afraid that they would have to sell it to Lin Zhichao even for 4 Hong Kong dollars.

The land boom in Tsuen Wan started in 1950. At that time, the Shanghai entrepreneurs who came to Hong Kong officially built factories one after another. At the same time, it was not until the beginning of the Peninsular War that Eagle Sauce's Seventh Fleet set off for Taiwan, and the 'Hong Kong Island Crisis'

It was considered lifted because the Hong Kong government believed that since the Americans came to Asia, they would never ignore anything that happened in Hong Kong.

"Well, I will tell them." Hu Zhaoxu replied.

Lin Zhichao also hopes to win the 200,000 square feet of land from the two owners, provided that the price is not high. If it is taken, it will be 'marinated' to slowly expand the factory. In the 1970s, it can be used for construction again.

Large housing estates and commercial buildings.

But if the price is too high, it will obviously not be cost-effective given Lin Zhichao's current financial resources.

On Wednesday, Lin Zhichao came to the Yangtze River Bank to inspect the accounts.

Li Shau Kee, Zhou Fook Zhao and Ah Hao are all here. Only these three people are in charge of a net worth of 7 million at the same time, so Lin Zhichao can rest assured. Among them, Ah Hao is the financial manager, Zhou Fuzhao is the financial manager, and Li Shauji is the person in charge. All three of them need to be responsible for Lin Zhichao at the same time.

After all, this is the Yangtze River Bank with a net worth of 7 million, which is the vast majority of Lin Zhichao’s assets.

"Have all the accounts been checked?"

Zhou Fuzhao nodded and said: "Not bad at all! Yangtze Real Estate took away 6 million Hong Kong dollars, leaving 688,000 gold speculation funds, and the store assets are 225,000 Hong Kong dollars."

Lee Shau Kee also smiled and said: "This delivery was relatively smooth. Those merchants who bought our gold had no choice but to deliver the goods because they did not want to lose money immediately. If they buy back the gold, they can still wait for the appreciation in value."

There is some truth!

However, sometimes the gold and silver trading center will take the initiative to let some contracts be delivered (too many times) because there are too many contracts and it is inconvenient to handle.

Next, Lin Zhichao learned about the market and found that gold had dropped to just over HK$550 per tael, which can be said to have dropped by almost HK$60 in ten days.

Of course, the price also increased by HKD 120 in the previous month, which is quite exaggerated.

"Now that gold has stabilized, I plan to buy it," said Lee Shau-kee.

Anyway, he didn't have much money left, so Lin Zhichao said directly: "You can do whatever you want!"

"OK"

In this way, Cheung Kong Industrial withdrew a huge sum of 6 million from the Yangtze River Bank. After receiving the money, Lin Zhichao and Zhou Fuzhao immediately went to HSBC.

A British manager received the two men because they were big clients.

"Mr. Lin, Mr. Zhou, if the 6 million Hong Kong dollar deposit of Cheung Kong Holdings is converted into US dollars, the handling fee is 1.5%. This rate is already very favorable. Because we need big customers like Mr. Lin."

Beforehand, Zhou Fuzhao had communicated with the Smith manager and learned that it was Lin Zhichao. HSBC immediately paid attention to it. Although British banks and foreign banks looked down on Chinese people in this era, Lin Zhichao was already an upper-class figure among the Chinese. How could they?

will be looked down upon.

Lin Zhichao immediately said: "Director Smith, after converting it into US dollars, I will continue to deposit it in your HSBC bank. I will need overseas payment and other services in the future."

Smith is the director of the foreign exchange department, so he immediately said: "I can introduce you to a business manager. Don't worry, our HSBC bank has a very good reputation and overseas payments are also very convenient."

This was what Lin Zhichao was interested in, so he quickly handed over one-stop business to HSBC, that is, exchanging U.S. dollars and depositing them into a U.S. dollar account.

In the end, Lin Zhichao received US$1.4665 million!

The exchange rate of US dollar to Hong Kong dollar is 1:4.03.

Compared with losing 1.5% in handling fees, Lin Zhichao is more concerned about the fact that the pound will depreciate by 30%, and the Hong Kong dollar will also depreciate by 30%.
Chapter completed!