Tao Liangchen
Chapter 168 Born with the Fortune God's Blessing
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-Check back in twenty minutes.*
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In the blink of an eye, Chen Linzhi's trip to Hong Kong had lasted a week.
He had been staying at the Peninsula Hotel all week. Besides taking the time to look at two houses in Repulse Bay and Deep Water Bay that didn't suit him, he spent most of his time on business.
Under Yin Zhe's leadership, he went to the Hong Kong branch twice, made subtle adjustments to management positions, personally interviewed a senior executive who had worked at Hitachi, invited him to be vice president, and took the opportunity to investigate the current situation of the Hong Kong real estate industry.
It was too time-consuming to collect information himself, so fortunately he could cooperate with professional consulting companies and pay for documents.
The money was spent, and in return, he received a thick stack of documents, packed into more than thirty folders, totaling twenty centimeters thick. They not only included real estate companies familiar to Chen Linzhi, such as Cheung Kong, Sun Hung Kai, and Wharf, but also first-hand information on Sino-foreign joint ventures, wholly foreign-owned enterprises, and policy changes in the mainland.
For example, Hitachi of Japan invested in a production line in 1980 and established a Fujian Hitachi Television factory in a joint venture with a mainland enterprise. It is currently very popular in the market, and locals need to use a lot of connections to get a "color TV ticket."
According to the introduction on the document, hundreds of thousands of color TVs were imported as early as 1979, using a lot of foreign exchange. They had no choice but to introduce Hitachi's production line and technology, which ultimately opened up a huge market unexpectedly.
Chen Linzhi had never even heard of the so-called Fujian Hitachi TV, but it was the first Sino-foreign joint venture in the electronics industry.
In addition to this, there was Shenzhen, where an American toy company called Coleco went to the mainland to produce a product called Cabbage Patch Kids. Chen Linzhi understood only after seeing the information that this popular American toy was produced in the mainland.
The reason why the consulting company provided these materials to Chen Linzhi was mainly for reference. Chen Linzhi could indeed learn from specific cases and combine them with the latest policy trends to consider what businesses could be done and what businesses could not be done.
In his opinion, since all walks of life were trying to open up, and he had the successful experience of establishing a mainland branch, it meant that many businesses that he originally thought he would have to wait for could be prepared in advance.
Most of the money earned from investing in foreign exchange futures, as well as the money previously withdrawn from the joint trading company's accounts, was invested in the stock market by Chen Linzhi, with a small amount used for venture capital, specifically referring to Microsoft, which was in the process of going public. Apart from that, there were daily expenses, and there was still a full 14 million US dollars left in the overseas company's account, earning interest.
In all fairness, although he had indeed made money from the stock market in the past few months, the increase in assets was far from Chen Linzhi's expectations.
Last year, his net worth increased explosively, but with Chen Linzhi's passive neglect, he had done almost nothing in the past quarter. He looked around in the United States and didn't find any good business opportunities other than some Silicon Valley companies, and the competition in the well-established American market was too great. The remaining 10 million US dollars would be difficult to put to much use.
He didn't know enough about the development of the high-tech industry, and even if the companies that could develop in his past life might not repeat their glory this time.
So, after going around in circles, Chen Linzhi still wanted to continue to venture into the mainland, striving to maximize profits in the short term, because he was more familiar with it and had the confidence to seize opportunities.
Compared with others, his advantage lay in his vision and his grasp of long-term trends. Since a drink had woken him up, his work efficiency had been surprisingly high. He had already instructed Xu Wei to pay attention to the trends of several industries, including several giants in the finance, insurance, and liquor industries. Once news of restructuring and financing came out, Xu Wei needed to notify Chen Linzhi as soon as possible.
Combining the current environment of opening up to attract foreign investment and technology, but not opening up domestic joint-stock reform, if he could seize the opportunity, it would be possible to invest in several major state-owned banks, provided that Chen Linzhi first had enough funds and strength.
As for the liquor industry, even Chen Linzhi, an outsider in his early years, had heard of the legend of Moutai, which was known as a domestic luxury. Now that he had the opportunity to invest in it in advance, Chen Linzhi regarded it as a super potential stock of the same level as investing in Microsoft, and he would be willing to invest even if he had to sell everything he owned.
Days passed, and it was already the end of February 1986. Facing many development opportunities, the long-lost sense of urgency returned.
Chen Linzhi's life in Hong Kong this week was quite fulfilling. Yin Zhe asked him to drink and find Taiwanese girls, but he refused. Instead, he drank tea, watched movies, read books, and went to bed on time at ten o'clock every night.
He had finally adjusted his pace of life, and while his idea of changing his image was still firm, he couldn't go to those brothels anymore. If he met a stunning beauty, Chen Linzhi was worried that he wouldn't be able to control himself.
——————
After making sufficient preparations, Chen Linzhi went to Shenzhen on March 1.
Under the guise of doing business, he planned to take advantage of his visit to personally talk to the officials and see if he could acquire land in advance in the Futian and Nanshan areas, where land prices would be high in the future, to build a company headquarters and wait for demolition. It would be best to use the name of establishing a clothing factory or other factories to acquire more land, the bigger the better.
As long as he could negotiate it, it wouldn't matter even if he really invested in a factory.
To be honest, Chen Linzhi hadn't completely sorted out his thoughts yet. It was more like he felt that there were business opportunities wherever he went, and he would try to seize whatever he could.
He had invested nearly 30 million US dollars in the stock market, as well as real estate in San Francisco and 3% of Microsoft's shares. He believed that he could freely use the remaining funds, so he was not limited to maximizing profits in theory.
Some opportunities were difficult to seize. For example, Chen Linzhi heard Xu Wei report that the higher-ups might reorganize a Bank of Communications and implement joint-stock reform. Road construction was about to run into problems with the funding chain, and many state-owned banking businesses would be spun off separately.
This big piece of fat was placed in front of him, but Chen Linzhi was suffering from insufficient strength and couldn't even talk about it. Unless he could find a way to acquire shares from the secondary market at that time, he would probably have no chance with this multi-millionaire.
A net worth of tens of millions of US dollars was enough to be impressive among the people in the mainland, but it was difficult to get involved with the official high-level. Current joint venture cases were almost all with first- and second-tier international multinational groups, and even if they were willing to let Chen Linzhi play with them, he couldn't afford enough money. It was just a small game.
Therefore, there were many opportunities, but it also depended on whether he could seize them. Acquiring land and building a factory in Shenzhen was a more reliable investment. The profit could be as high as a hundred times in twenty or thirty years, which was its advantage.
Chen Linzhi had been to Futian and Nanshan several times now, and most of them were farmland and wasteland. As long as he was willing to talk, he had a good chance.
After Chen Linzhi passed through customs, he got into a Toyota SUV under the envious eyes of the crowd.
The new car was bought by the mainland subsidiary with money, and all channels were legal. Since it was a foreign-funded enterprise, it didn't even need to occupy a car purchase quota. The price was as high as more than 200,000 RMB, nearly 90,000 US dollars, which was more expensive than Chen Linzhi's Rolls-Royce... Chen Linzhi's trip to Hong Kong had lasted a week in the blink of an eye.
He had been staying at the Peninsula Hotel all week. Besides taking the time to look at two houses in Repulse Bay and Deep Water Bay that didn't suit him, he spent most of his time on business.
Under Yin Zhe's leadership, he went to the Hong Kong branch twice, made subtle adjustments to management positions, personally interviewed a senior executive who had worked at Hitachi, invited him to be vice president, and took the opportunity to investigate the current situation of the Hong Kong real estate industry.
It was too time-consuming to collect information himself, so fortunately he could cooperate with professional consulting companies and pay for documents.
The money was spent, and in return, he received a thick stack of documents, packed into more than thirty folders, totaling twenty centimeters thick. They not only included real estate companies familiar to Chen Linzhi, such as Cheung Kong, Sun Hung Kai, and Wharf, but also first-hand information on Sino-foreign joint ventures, wholly foreign-owned enterprises, and policy changes in the mainland.
For example, Hitachi of Japan invested in a production line in 1980 and established a Fujian Hitachi Television factory in a joint venture with a mainland enterprise. It is currently very popular in the market, and locals need to use a lot of connections to get a "color TV ticket."
According to the introduction on the document, hundreds of thousands of color TVs were imported as early as 1979, using a lot of foreign exchange. They had no choice but to introduce Hitachi's production line and technology, which ultimately opened up a huge market unexpectedly.
Chen Linzhi had never even heard of the so-called Fujian Hitachi TV, but it was the first Sino-foreign joint venture in the electronics industry.
In addition to this, there was Shenzhen, where an American toy company called Coleco went to the mainland to produce a product called Cabbage Patch Kids. Chen Linzhi understood only after seeing the information that this popular American toy was produced in the mainland.
The reason why the consulting company provided these materials to Chen Linzhi was mainly for reference. Chen Linzhi could indeed learn from specific cases and combine them with the latest policy trends to consider what businesses could be done and what businesses could not be done.
In his opinion, since all walks of life were trying to open up, and he had the successful experience of establishing a mainland branch, it meant that many businesses that he originally thought he would have to wait for could be prepared in advance.
Most of the money earned from investing in foreign exchange futures, as well as the money previously withdrawn from the joint trading company's accounts, was invested in the stock market by Chen Linzhi, with a small amount used for venture capital, specifically referring to Microsoft, which was in the process of going public. Apart from that, there were daily expenses, and there was still a full 14 million US dollars left in the overseas company's account, earning interest.
In all fairness, although he had indeed made money from the stock market in the past few months, the increase in assets was far from Chen Linzhi's expectations.
Last year, his net worth increased explosively, but with Chen Linzhi's passive neglect, he had done almost nothing in the past quarter. He looked around in the United States and didn't find any good business opportunities other than some Silicon Valley companies, and the competition in the well-established American market was too great. The remaining 10 million US dollars would be difficult to put to much use.
He didn't know enough about the development of the high-tech industry, and even if the companies that could develop in his past life might not repeat their glory this time.
So, after going around in circles, Chen Linzhi still wanted to continue to venture into the mainland, striving to maximize profits in the short term, because he was more familiar with it and had the confidence to seize opportunities.
Compared with others, his advantage lay in his vision and his grasp of long-term trends. Since a drink had woken him up, his work efficiency had been surprisingly high. He had already instructed Xu Wei to pay attention to the trends of several industries, including several giants in the finance, insurance, and liquor industries. Once news of restructuring and financing came out, Xu Wei needed to notify Chen Linzhi as soon as possible.
Combining the current environment of opening up to attract foreign investment and technology, but not opening up domestic joint-stock reform, if he could seize the opportunity, it would be possible to invest in several major state-owned banks, provided that Chen Linzhi first had enough funds and strength.
As for the liquor industry, even Chen Linzhi, an outsider in his early years, had heard of the legend of Moutai, which was known as a domestic luxury. Now that he had the opportunity to invest in it in advance, Chen Linzhi regarded it as a super potential stock of the same level as investing in Microsoft, and he would be willing to invest even if he had to sell everything he owned.
Days passed, and it was already the end of February 1986. Facing many development opportunities, the long-lost sense of urgency returned.
Chen Linzhi's life in Hong Kong this week was quite fulfilling. Yin Zhe asked him to drink and find Taiwanese girls, but he refused. Instead, he drank tea, watched movies, read books, and went to bed on time at ten o'clock every night.
He had finally adjusted his pace of life, and while his idea of changing his image was still firm, he couldn't go to those brothels anymore. If he met a stunning beauty, Chen Linzhi was worried that he wouldn't be able to control himself.
——————
After making sufficient preparations, Chen Linzhi went to Shenzhen on March 1.
Under the guise of doing business, he planned to take advantage of his visit to personally talk to the officials and see if he could acquire land in advance in the Futian and Nanshan areas, where land prices would be high in the future, to build a company headquarters and wait for demolition. It would be best to use the name of establishing a clothing factory or other factories to acquire more land, the bigger the better.
As long as he could negotiate it, it wouldn't matter even if he really invested in a factory.
To be honest, Chen Linzhi hadn't completely sorted out his thoughts yet. It was more like he felt that there were business opportunities wherever he went, and he would try to seize whatever he could.
He had invested nearly 30 million US dollars in the stock market, as well as real estate in San Francisco and 3% of Microsoft's shares. He believed that he could freely use the remaining funds, so he was not limited to maximizing profits in theory.
Some opportunities were difficult to seize. For example, Chen Linzhi heard Xu Wei report that the higher-ups might reorganize a Bank of Communications and implement joint-stock reform. Road construction was about to run into problems with the funding chain, and many state-owned banking businesses would be spun off separately.
This big piece of fat was placed in front of him, but Chen Linzhi was suffering from insufficient strength and couldn't even talk about it. Unless he could find a way to acquire shares from the secondary market at that time, he would probably have no chance with this multi-millionaire.
A net worth of tens of millions of US dollars was enough to be impressive among the people in the mainland, but it was difficult to get involved with the official high-level. Current joint venture cases were almost all with first- and second-tier international multinational groups, and even if they were willing to let Chen Linzhi play with them, he couldn't afford enough money. It was just a small game.
Therefore, there were many opportunities, but it also depended on whether he could seize them. Acquiring land and building a factory in Shenzhen was a more reliable investment. The profit could be as high as a hundred times in twenty or thirty years, which was its advantage.
Chen Linzhi had been to Futian and Nanshan several times now, and most of them were farmland and wasteland. As long as he was willing to talk, he had a good chance.
After Chen Linzhi passed through customs, he got into a Toyota SUV under the envious eyes of the crowd.
The new car was bought by the mainland subsidiary with money, and all channels were legal. Since it was a foreign-funded enterprise, it didn't even need to occupy a car purchase quota. The price was as high as more than 200,000 RMB, nearly 90,000 US dollars, which was more expensive than Chen Linzhi's Rolls-Royce...