Chapter 107 [Easy Profits]

Author: Ren Zhufei

Chapter 107 [Easy Profits]

On the morning of September 19, Lin Zhichao was sitting on the sofa in the living room, reading the day's newspaper. When he saw a piece of news, he couldn't help shouting: "Okay, okay!"

It turns out that yesterday the London government announced that the pound devalued by 30.5%, and the exchange rate against the US dollar dropped from 1 pound to 4.03 US dollars to 2.80 US dollars.

Since the Hong Kong dollar and the pound have a fixed exchange rate: 1 pound is equal to 16 Hong Kong dollars, the current exchange rate between the US dollar and the Hong Kong dollar becomes: 1 US dollar is equal to 5.71 Hong Kong dollars.

Lin Zhichao made a lot of money from this operation!

First of all, the US$1.71 million on Changjiang Real Estate's account can now be exchanged for HK$9.747 million (excluding commission).

Secondly, the US$760,000 on the account of Cheung Kong Holdings can now be exchanged for US$4.332 million (excluding commission).

Based on the calculation that one US dollar can make a profit of 1.5 Hong Kong dollars, Lin Zhichao can easily make a profit of 3.7 million Hong Kong dollars. It is much more cost-effective than gold speculation and real estate.

On the other hand, since August, land prices in Xiangjiang have begun to fall, and everyone feels a vague sense of danger. However, it will not really plummet until October, and that moment will make people despair.

Therefore, Lin Zhichao must seize the opportunity to buy some land and reserve it. Land and properties are like a foundation that can make people feel at ease. This is Lin Zhichao's inner thought.

After a while, Tang Caiyun walked out of the bedroom. Her postpartum recovery had achieved great results, and she was now an attractive young woman.

"I heard what you said just now, is there any good news?" Tang Caiyun sat next to Lin Zhichao and asked curiously.

On the other side, Wu Wenying also walked out with Lin Ruihuan in her arms and cast a curious look. Even Lin Xiner ran out and came closer to inquire.

“London government announces pound devaluation by 30.5%”

Tang Caiyun read the newspaper and then said: "So the Hong Kong dollar has also depreciated by 30.5%. What kind of good news is this? Prices have risen so much recently. If the Hong Kong dollar depreciates, wouldn't everyone's life be more difficult?"

Lin Zhichao smiled and said: "Because I changed all the money into US dollars, do you think it is good news? As for what you said, this is the historical trend and no one can change it."

Tang Caiyun immediately said with admiration: "Do you know that the value is going to depreciate? By the way, if you ask my dad to exchange U.S. dollars, I'm afraid he will be very happy."

Lin Zhichao shook his head and said: "How did I know that devaluation at this time was just a gamble, because after World War II, the pound could no longer be maintained. It has been delayed for so many years. This is bound to happen."

After a while, Tang Zhongyuan knocked on the door with a newspaper and his expression was very happy when he came in.

"Zhichao, have you seen the newspaper?"

"Father-in-law, we are also talking about this matter! By the way, how many tens of thousands of dollars did you exchange?"

Tang Zhongyuan walked towards his grandson and replied happily: "It's not much, just 70,000 US dollars. If you convert it into Hong Kong dollars, you can earn 100,000 Hong Kong dollars." After saying that, he looked at his grandson a few times and he was very happy.

This grandson is extraordinary and a symbol of his daughter's status. Lin Zhichao is a very capable person, so his daughter must have some foundation, and the eldest son is the biggest foundation. At the same time, his daughter's status in the Lin family also affects the relationship between the Lin family and

The intimacy of the Tang family.

Of course, Tang Zhongyuan still doesn't quite understand. The reason why Lin Zhichao supported the Tang family so much and even gave instructions on exchanging U.S. dollars was because he obviously wanted his other daughter, Tang Caiying.

Tang Caiyun was immediately happy for her natal family and made a joke to her father: "Dad, it seems you can really buy a single-family house in Mid-Levels for Mom next year."

Tang Zhongyuan said: "Buying is not a problem! But now people outside are panicked." After saying that, he looked at Lin Zhichao, his son-in-law had an idea.

Lin Zhichao said seriously: "Don't worry, I bought a boat and I can leave at any time! My father-in-law can rest assured."

Tang Zhongyuan nodded and said, "Indeed!"

The rich and famous people who fled to Hong Kong from Jiangsu, Zhejiang and Shanghai all have two ideas:

First, use Hong Kong as a springboard to immigrate to Europe and the United States.

Second, continue to stay in Hong Kong and look north to China.

For rich people with the first idea, if they really immigrate to Europe and the United States, it will be equivalent to retirement. It is impossible to make a career in Europe and the United States, at least in this era. There are many celebrities with this idea, such as Zhang Ailing,

They have been waiting in Hong Kong for the opportunity to immigrate to the United States; there are also some warlords, many of whom are preparing to work as apartment dwellers overseas (generally referring to bureaucrats who have lost power and live in other countries or other countries)

Rich people with the second idea are not willing to let this go for the rest of their lives, so they naturally take root in Hong Kong and start a career. If the situation there gets better, they still want to go back and develop.

If Lin Zhichao had a cleaner background, he would have gone back to build the country long ago. But his grandfather was a civil servant, and his father's generation was also rich. He was a small landowner in the countryside, so the first thing Lin Zhichao did was come to Hong Kong.

Let’s wait until 30 years later when he has greater ability to build the motherland.

Tang Zhongyuan came and left quickly. He quickly returned to his home for breakfast and felt much more relaxed. His son-in-law had a boat and had ideas, so he felt relieved.

In the morning, good luck and good fortune.

Huang Tinggui handed a newspaper to Li Gaofu and said: "Brother Gaofu, the pound has announced a 30.5% devaluation!"

Li Gaofu nodded and said, "I saw it this morning too!"

Huang Tinggui suddenly said anxiously: "But the contract we signed with Lin Sheng is that we need to spend 100,000 US dollars a year to purchase 50% of the cargo ship 'Oriental Trader' in his hands. In other words, we need to pay out the money in May next year.

More than 560,000 Hong Kong dollars. But according to the current profit situation of 'Oriental Traders', we will receive a maximum of 250,000 Hong Kong dollars in May next year. Fuhe Bank currently only has 250,000 Hong Kong dollars in its account, which means that our money is not enough!"

After the two became partners, they each took away 20,000 yuan in profits to use for family expenses.

Li Gaofu said with a smile: "Brother Tinggui, don't be anxious! The ship will be ours by then. Just make money slowly. Without pressure, there will be no motivation! Now if we prepare more, we can still make some money from the trade in more than half a year, and the ship money will be enough."

If we make enough money, if we take ten thousand steps back, if we can't come up with the money, Lin Sheng will allow us to pay it in installments."

Huang Tinggui breathed a sigh of relief and said: "What you said makes sense. After all, the ship is owned by Fu Hexing. It is equivalent to a huge asset and can make money at any time. However, the current trade in the mainland is a bit difficult, and wars are quick.

The attack has reached Yangcheng."

Li Gaofu said: "Wait, it should be unified soon. There will always be business by then. I think there will definitely be one by the end of the year, so we have made more preparations recently."

"good!"

At this time, Li Gaofu felt relaxed. He and Huang Tinggui got along better. Although the four of them had a tacit understanding in the past, privately he had a better relationship with Huang Tinggui. In fact, he also understood that Li Fubing and Yang Zhiqiang had always been together.

Because of the small number of shares, I might be a little bit worried about it.

Bank of East Asia.

After Jian Dongpu saw the newspaper, he immediately calculated on the abacus.

"This kid made more than 1.2 million Hong Kong dollars in just one move!"

"No! Since he deliberately exchanged U.S. dollars, then Yangtze Real Estate also has a lot of U.S. dollars, probably millions of U.S. dollars. In this way, he made more than 1.6 million."

"This, making money is too fast! Just betting on the depreciation of the pound, he made nearly 3 million?"

Jian Dongpu is relatively familiar with Lin Zhichao's wealth, because it relied entirely on loans from the Bank of East Asia to develop so rapidly from the beginning.

For a time, Jian Dongpu admired Lin Zhichao's financial prosperity.

At the same time, he also understood that Lin Zhichao's net worth was probably tens of millions of Hong Kong dollars, which was simply unbelievable.

A young man in his early 20s, in just three years, built a fortune in the tens of millions from scratch.

"This son will definitely become the leader of the Chinese people in Hong Kong in the future! The second Ho Tung!"

Jian Dongpu sighed.

In his opinion, Lin Zhichao is very good at interpersonal relationships, which shows that Lin Zhichao is not just a person who can make money; in this way, ZZ Capital will also have financial power, and sooner or later he will be named a 'Justice of the Peace', and even

'Jazz'.

Moreover, Lin Zhichao now wants to enter the shipping industry, which itself is an influential industry;

Coupled with industry, the social status will be even higher.

"Continue to support! The Bank of East Asia will have another backer in the future!"

The so-called continued support is only industrial loans or real estate loans. Jian Dongpu still decided not to provide shipping loans.

"The asset value of shipping loans is too concentrated, and there are countless risks at sea. Hong Kong bankers will not choose to grant loans." Jian Dongpu muttered.

As everyone knows, Lin Zhichao never thought about Bank of East Asia because it was not strong enough.

To be honest, if Lin Zhichao hadn't wanted to join HSBC, he would have already opened a bank; he would have taken the depositors' money to invest in his own business, and he only needed to return to normal before the 1960s.

Because the withdrawal incident was the result of the accumulation of overheated investment in the 1950s.

In the morning, Lin Zhichao came to Cheung Kong Holdings. Today happened to be the time for the company's high-level meeting.

Senior executives such as Wang Liang, deputy general manager, Sun Tao from the R&D department, Hu Chengdong from the marketing department, Guo Xinxin, manager of the financial department, Bao Chunlai from the Xingdao branch, are already waiting for the boss in the spacious conference room.

Lin Zhichao walked into the conference room. Everyone looked sideways and said hello: "Good morning, boss!"

"morning!"

Sitting in his seat, Lin Zhichao went directly to the topic: "Manager Sun, this time you take two people to Germany and order ten rice arranging machines and three slide head stamping machines. The delivery address is Cheung Kong Industrial, Bukit Road, Xingdao; then,

You guys will inspect it there for a week, and I’ll tell the people at Bourne Machinery.”

After Yangtze River Industrial Group grows, these expenses can become more generous.

Sun Tao said quickly: "Okay, I will prepare to travel as soon as possible and cherish this opportunity."

In his view, Cheung Kong Industries has unlimited prospects. Its products are high-tech and have high added value, which is far beyond what Hong Kong's textile and garment industries can compare with. Of course, because of this, it is almost impossible for there to be a second zipper company in Hong Kong.

factory.

Lin Zhichao nodded, and then said to Bao Chunlai: "Manager Bao, are there any production problems at the Xingdao factory?"

In the past year, Bao Chunlai has fallen from the peak to the trough, and then climbed from the trough to the peak. It can be described as a big ups and downs. Now as a senior executive at Cheung Kong Holdings, his monthly salary has increased to 300 Hong Kong dollars per month, not to mention the year-end bonus, so the debt is no longer included.

What's up.
To be continued...