Rebirth: Back to 1993 as the richest man

Chapter 849 Entering Real Estate?

In the 90s, Hong Kong City was known as one of the four Asian tigers. Although it was turbulent, its prosperous economy was not comparable to that of mainland provinces.

In the history of Hong Kong City's economic development in the 90s, Li's Group must have had a brilliant stroke.

Among them, Li Jiacheng's name had to be mentioned.

Li Jiacheng's strength in the business world of Hong Kong City can be seen just from the outside world's title of Li Chaoren.

As a reborn person, Chu Tianyao knew clearly that Li Jiacheng still had a huge opportunity in the late 90s.

This opportunity was the Asian financial turmoil that occurred in 1997.

If Chu Tianyao remembers correctly, it will be less than half a year before the Thai baht crisis breaks out in the Dai country. By then, the financial turmoil will completely sweep across the entire Asia, and even Russia and Brazil will be affected.

A large amount of capital was withdrawn, and speculative forces aimed at impacting the Hong Kong dollar exchange rate. Under the huge selling pressure of the Hong Kong dollar, the Hong Kong City overnight interest rate rose to 280% at one point, which is enough to show horror.

Such a move naturally caused the Hong Kong stock market to suffer heavy losses, and it fell rapidly to 8775 points within a few days, a drop of nearly [-]%.

That is to say, in 1997, the upper middle class in Hong Kong City complained endlessly, the economy withered, and the life of the people at the bottom was also miserable.

Even Buffett, who is far away in the United States, is amazed at the horror of this financial turmoil.

And if we count the financial turmoil in 97, Hong Kong City was actually the least affected place. The reason is that Hong Kong City returned to Hong Kong in 97.

Backed by China, a rising international power, Hong Kong City has firmly established itself in the financial defense war.

As the saying goes, good fortune comes with misfortune. After the economic bubble in Hong Kong City, Li Jiacheng got an opportunity.

When Hong Kong City's economy is down, real estate has shrunk sharply, and prices have fallen one after another. In order to increase revenue and promote local economic development, the local finance has to issue a series of policies to support real estate.

And it was at this time that Li Jiacheng's Li Group began to make every effort to enter the real estate industry in Hong Kong City.

In just one year, Li's Group has started to acquire land in many first-tier economic cities in Hong Kong City almost as quickly as lightning.

With the policy support from above, coupled with the golden signboard of Li's Group, Li Jiacheng can easily get a large loan from the bank.

With the recovery of the economy, no one expected that Hong Kong City would usher in another wave of spring after its return to the motherland.

The explosion of the demographic dividend has brought about a boom in the real estate industry, and the value of the land in the hands of the Li Group has suddenly multiplied several times.

However, to everyone's surprise, Li Jiacheng did not plan to sell the land in his hand, but instead developed it on a large scale.

From commercial housing to large supermarkets, and even office buildings in economic zones.

In the hands of Li Jiacheng, these lands have become tall buildings.

Among them, the most famous one, and also the one that makes future generations stunned, is Li Jiacheng's first proposal of the shared area.

Is there a common area for buying a house?

This concept is almost unimaginable in foreign countries, but in Hong Kong City, it has been officially implemented in the market through the almost monopoly promotion of the Li Group.

With the rules on the shared area, Li Jiacheng can be said to be making a lot of money in the commercial housing business.

In just a few years, Li Jiacheng had the title of the richest man in Asia.

In the second half of 1996, the financial turmoil had not completely broken out, and Li Jiacheng was still worrying about returning to the committee.

Hong Kong City, Li Group.

"what?

This kid asked me to borrow money? "

In the chairman's office, Li Jiacheng looked at the contract in his hand, with a sullen look on his face.

"It's not about borrowing money. The other party means that they hope to cooperate with you, Mr. Li. I heard that there are several pieces of land in Hong Kong City that are going for foreclosure recently. The locations are all good, but the price is quite high. This is what Chu Tianyao means. It is hoped that you can cooperate with him to take these lands."

In the office, Li Jiacheng's secretary explained aloud.

"Shoot the ground?

Entering real estate? "

Hearing this, Li Jiacheng frowned, and carefully read the contract sent by Chu Tianyao.

According to Chu Tianyao, he intends to set up a real estate company in Hong Kong City, so it goes without saying.

"A kid from the mainland, even if he has some strength, wants to engage in real estate in Hong Kong City, where every inch of land is expensive?"

The corner of Li Jiacheng's mouth hooked slightly, but there was a trace of ridicule.

"I really don't know how to live or die!"

Today's Hong Kong City's economy is booming, land prices keep rising, and the competition in the real estate industry is quite fierce. Although Li's Group has also dabbled in real estate, the group's focus is not all on real estate at the moment.

Even Li Jiacheng doesn't dare to easily bet all his treasures on the real estate industry at this moment. It's ridiculous that Chu Tianyao, a young man from the mainland, wants to co-operate with him in a real estate company without shame?

"Mr. Li, according to what you mean, this cooperation?"

At this time, the secretary asked from the side.

Li Jiacheng sneered and waved his hands.

"cooperate?

I think this kid is not far from death, how could I agree to this cooperation. "

When Li Jiacheng said this, the secretary beside him nodded again and again.

But soon, the secretary said again: "Mr. Li, but we have just issued a statement saying that we want to cooperate with this mainland businessman surnamed Chu. Now if..."

"Why, are you afraid that he will be a demon?"

Li Jiacheng also frowned when he heard this.

Speaking of it, he was a little bit stuck. He had said it himself about cooperating with Chu Tianyao. If he really didn't cooperate with the other party, he would be the first to renege on his promise. I'm afraid Chu Tianyao would make something wrong.

Now that the return is imminent and the committee has been formally established, he can't tolerate any mistakes.

"Well, let me think about the matter of cooperating to start a company. In name, I can cooperate with him, but you have to tell that surnamed Chu that I will not have a direct relationship with his company. If this kid is short of money, I can ask the Li Group to lend him some money."

Li Jiacheng smiled slightly.

One slap and one date.

If Chu Tianyao wanted to pull him into the water, he would naturally not agree, but it was only a nominal cooperation, and he didn't mind Chu Tianyao pulling his tiger skin.

Of course he understood Chu Tianyao's thinking, if he could get involved with Li's Group, his new company might not lack investors in Hong Kong City.

In addition, Li Jiacheng can lend money to Chu Tianyao, but if he wants to buy shares and cooperate, that is absolutely impossible.

This is clearly a pit, wouldn't it be stupid to jump down by yourself.

As for Chu Tianyao.

In Li Jiacheng's view, he was just a young man who was somewhat cunning but also arrogant.