Chapter 458-460 [Asia Securities]

Today, the Luo family has become very outstanding and owns a large number of real estate property companies. Kwan Ka Wai’s private real estate company alone is worth more than 20 billion Hong Kong dollars, and owns entire commercial buildings in Wan Chai, Tsim Sha Tsui and Causeway Bay.

The value of these three commercial buildings has exceeded HK$10 billion. Together with a large number of shops in Tsim Sha Tsui and Causeway Bay, they are already the largest shops other than listed companies.

Not long ago, some nosy reporters reported the company assets of these Luo family women, causing quite a stir.

According to foreign media statistics, the assets of the Luo Qihong family are worth more than HK$500 billion. The Tak Hop Properties alone is worth HK$350 billion. It owns Tak Hop Plaza, Financial Plaza and 9 Queen’s Road Commercial Building in Central. The rental area is over 1000 million square feet, which is more than Harbour City. However, the geographical location of these properties is better than that of Harbour City.

Therefore, Luo Qihong is not very willing to make any big moves in his private real estate company and attract too much attention from the outside world.

Although Luo Qihong asked Fujia Newspaper Company to vigorously promote the Li Jiacheng family, unfortunately the effect was not as great as expected, only a small effect.

“Thank you, husband! You are the best to me.” Guan Jiahui kissed Luo Qihong with a smile.

In fact, after years of collecting rent and investing through De’an Securities Investment Company, Guan Jiahui has a cash flow of 3 million yuan. However, Guan Jiahui plans to use this money to bottom out the Hong Kong stock market, so she comes to Luo Qihong to “beg for money”.

Luo Qihong smiled and said, “Don’t focus on big properties in the future. Small shops in Tsim Sha Tsui and Causeway Bay are better choices. If I didn’t have so many properties, buying shops would cause a big stir. I would become the shop king of Tsim Sha Tsui and Causeway Bay.”

Hearing this, Guan Jiahui’s eyes lit up. This was good news.

“Okay, I’ll start buying shops once I get the next batch of rent.”

“As long as the local market does not fall, it is better to invest in the stock market.” Luo Qihong said.

Once the oil futures investment project is completed and the Hong Kong stock market recovers, Luo Qihong will begin to make a big push into the US market.

Although the Americans are shameless, their market economy really makes money, and it is the center of the world economy. It is not their turn not to have a fight with those people on Wall Street.

Wednesday, September 10th.

9 Queen’s Road Central, Heng On Investments Limited.

This is Luo Qihong’s newly opened private company, which is responsible for his personal investments and also specializes in securities, stock and futures businesses.

Compared with Dean Securities Investment Company, there are some differences. First, Bai Jinyan is not involved in it. Second, the investment is more intensive and wider in scope. It does not aim to control other companies, but only to make a profit.

And Luo Qihong’s operation is smoother.

Luo Qihong learned about the current investment situation: he invested HK$46 billion (US$5.9 million in total) in oil futures, which has risen to US$35.2 per barrel, earning an average of US$19.2 per barrel. The Hong Kong stock market fell by 21%, resulting in a loss of HK$3.78 million. He shorted the Nikkei index futures for US$5 million and now has earned US$4.3 million.

According to the current situation, in another week, Luo Qihong will be able to recover 170 billion Hong Kong dollars in cash from oil futures and Nikkei futures. This is slightly different from his expected 200 billion, but the overall gap is not large.

He will continue to invest the funds recovered from oil futures in the US market, buying large quantities of technology stocks and bank stocks, while most of the funds from the Japanese stock market will be withdrawn to invest in the UK, Singapore and Australia, with the remaining small portion remaining in Japan to acquire properties in Japan’s core business districts.

As for investment in the Hong Kong stock market, we can only wait for the Hang Seng Index to recover and then increase investment.

The rent from Dehe Real Estate Company can provide Luo Qihong with investment funds for small projects. Other companies are operating well, except for Hexiang Trading Company, which has just acquired Hengchangxing Enterprise and is facing some difficulties. It needs to repay the bank’s huge debts and high interest.

Of course, with Luo Qihong as the boss, Hexiang Trading Company’s debt can be resolved in a short time, but he does not intend to help repay it in this way. The reason is simple. Money can make a lot of big money. Repaying the bank’s interest is just a small amount of money. If he spends billions, how can he make a lot of money?

After a rough calculation, Luo Qihong felt that he was not much richer than Li Jiacheng.

Over the years, Li Jiacheng’s investment focus has been overseas, and he has invested in many industries in the name of his family, such as Husky Energy, the Vancouver World Expo site project (although he has won over people like Cheng Yu-tung, he also accounts for the majority), and the Singapore Dacheng project.

On the contrary, the Li Jiacheng family has not invested much in Hong Kong. All the investments are made with funds from Cheung Kong Holdings and Hutchison Whampoa. The family’s influence is many times less than that of the Luo Qihong family.

But think about it, Li Jiacheng does not like to hold properties for rent, he always makes a fortune and then exits, which is exactly the opposite of Luo Qihong. Luo Qihong’s family owns assets worth hundreds of billions of Hong Kong dollars in Hong Kong, which accounts for 7% to 8% of the family’s total assets.

The Luo Qihong family has invested too much in the real estate industry in Hong Kong, but Luo Qihong does not intend to reduce the high-quality properties he holds. If he wants to reduce the proportion, he still has to solve the problem by making money.

in the afternoon.

Luo Qihong came to the office of Zhaoan Group, and Cheng Jianshen walked in soon.

“Boss, all oil futures positions have been closed, with HK$37.3 billion in funds raised and HK$20.25 billion in profits.”

Cheng Jianshen was extremely shocked and excited. The return on this investment was equal to the profit of Zhaoan Real Estate Company for most of the year. The boss was indeed worthy of being called the stock god.

Luo Qihong nodded. The current market value of Zhaoan Real Estate Company is HK$110 billion, with liabilities of HK$55 billion and a debt ratio of 5%, which is not very high. After all, the Hang Seng Index has fallen by 21%.

As one of Hong Kong’s blue-chip stocks, Siu On Properties is naturally more resilient.

“There are 44.2 billion Hong Kong dollars in the account. How do you plan to use this money?” Cheng Jianshen asked.

“Notify Dean Securities Investment Company and ask them to help the company bottom out the stock market and select some small and medium-sized companies with potential.” Luo Qihong made the decision.

Zhaoan Real Estate Company is also quite generous in spending money, but it has a stable profit of nearly 1 million every month, which is enough to cope with it.

The main reason is that Siu On Real Estate Company is responsible for many projects, such as Lai King City next to Lam Tin MTR station, the large residential area in Tiu Keng Leng, Tseung Kwan O, and there is also interest that needs to be paid.

After Cheng Jianshen finished his work report, Bai Jinyan also walked in. She had been exercising for the past two months and had now regained her former figure.

Although she did not compete for favor like women like Guan Jiahui and Li Jiaxin, she also wanted to gain benefits from Luo Qihong based on her own conditions. Sometimes the benefits she gained were more than what the company earned.

“I heard that Wei Lixiang of Asia Securities is going to sell the company and retire to Australia. Should we get involved?” Bai Jinyan showed a greedy look.

Wei Li himself was a man of outstanding abilities. He had saved many companies that were in poor business conditions. If it were not for the emergence of Li Jiacheng, he would have been the boss of Hutchison Whampoa.

His current situation is not bad. The Asia Securities Company he founded has acquired many companies, the most famous of which is Kwong Sang Hong International Company. Its current market value is HK$32.55 billion, which is quite outstanding among the many companies in Hong Kong.

In Luo Qihong’s impression, the most attractive thing about Asia Securities is the high-quality stocks it holds and its subsidiary Guangshengxing International.

(End of this chapter)