In Hong Kong, we build a global business empire

Governor Merrih stood up excitedly, walked around the conference table, came to Lin Haoran's side, and shook his hand tightly.

At this moment, his voice even trembled slightly: "Mr. Lin! Mr. Lin! I, on behalf of the Governor's Office and on behalf of the citizens of Hong Kong, thank you!"

Thank you for your commitment! Thank you for your vision! Hong Kong will never forget your contributions today!

Since this fund was not only initiated by the Governor's Office and Mr. Lin, but also by companies under Mr. Lin's control that account for over 9% of the capital injection, I, on behalf of the Governor's Office, support the fund being managed by Mr. Lin's Hengsheng Group!

His gratitude was heartfelt.

When everyone else was retreating and protecting themselves, Lin Haoran stepped forward and single-handedly took on almost the entire plan, saving face for the Governor's Mansion and injecting a powerful boost into the market!
This is not just adding flowers to brocade, but providing charcoal in the snow!
The business tycoons present had no objection to this.

After all, more than 90% of the money in a company comes from other people, and they are just minor shareholders, so they naturally have no right to fight for the right to make decisions.

Lin Haoran appeared very humble and serious: "Governor, you flatter me. With great power comes great responsibility. I am rooted in Hong Kong, and my companies share the same fate as Hong Kong. This is what we should do."

He turned to look at the business tycoons in the conference room, each with a different expression, and said in a calm but meaningful tone: "I believe none of you want to see Hong Kong's economy fall into crisis, as this is closely related to your interests."

As you all think, most of my assets are in Hong Kong, and I have far more assets there than you do. Therefore, I am most unwilling to see the Hong Kong economy decline. In the end, I am just trying to save myself.

This foundation will be guided by the Governor's Office, and I am very grateful for the Governor's Office's support in entrusting its management to my Hengsheng Group.

On behalf of Hengsheng Group, I hereby solemnly declare: We will not invest blindly. We have a professional team and a clear strategy. We will use every penny prudently and focus on real value.

In the future, if the market improves and opportunities arise, we welcome everyone to participate in cooperation in other ways and share the fruits of development.

His words not only gave those who were unwilling to pay money a way out, but also laid the groundwork for future cooperation.

It also subtly conveys the message, "If you're unwilling to spend money today, don't regret it in the future."

Representatives from British companies like Standard Chartered and Swire looked somewhat embarrassed, but mostly relieved.

Why not spend a lot of money, save face, and observe the situation?
Most of the American representatives looked thoughtful. Among them, only Citibank seemed to care, because Lin Haoran was one of Citibank's owners and held real power.

As for American financial giants like Morgan Stanley and Goldman Sachs, they are more dismissive of this than anything else.

Even local Hong Kong giants are uncertain about Hong Kong's future, so these outsiders are even less certain. Hong Kong is ultimately just one of their markets, and they are unlikely to invest too much without a clear understanding of its future.

The Chinese business tycoons had mixed feelings, including admiration,感慨 (gǎnkǎi, a feeling of deep emotion), and perhaps a slight regret for not having seized the opportunity.

As Chinese-owned real estate giants, many of them are actually optimistic about the future of Hong Kong real estate, but unfortunately they don't have much capital on hand, and their cash flow needs to be used for their own companies.

They could only helplessly miss out on such a great opportunity.

As for the British tycoons, they have never considered Hong Kong their home.

They viewed Hong Kong merely as a colonial outpost for making profits, a springboard to the vast Eastern market.

Now that this stronghold is in dire straits, their first reaction is not to defend it, but to calculate how to minimize losses, transfer assets, and they may even be planning how to carry out the next round of looting on the ruins at a lower cost.

Asking them to pull out real money to "save the market" at this time is tantamount to asking a tiger for its skin.

The meeting ended in a tacitly understood, subtle atmosphere.

After everyone left the conference room, Lin Haoran finally showed a confident smile.

The HK$183.2 billion investment commitment, while seemingly a huge sum, was actually exactly what he wanted!

This 183.2 billion yuan was exchanged for absolute dominance and control over this 200 billion yuan "revival fund"!
In return, they received the highest level of trust and political endorsement from the Governor's Office!

In return, they gained unparalleled priority and pricing power in the subsequent process of cleaning up "toxic assets" and acquiring "high-quality assets"!

This change has brought about a historic opportunity to lead the redistribution of Hong Kong's core assets after a "clearing out" process!
Those shrewd business tycoons retreated out of fear and shortsightedness, handing over the biggest stage and power to the most prepared and daring hunters.

Not long after, a senior executive from Hengsheng Group personally delivered a preliminary plan.

This plan, initially discussed by several members of the bank's strategic development committee, is brief but significant!

After reading it, Lin Haoran felt confident.

I checked the time; it was almost 2 p.m.

In other words, the press conference personally convened by the Governor-General's Office is about to begin.

None of these business tycoons left the Governor's Mansion, since they, like Lin Haoran, needed to make an appearance at the press conference later.

They represent the interests of the top echelons of Hong Kong's business community, and it would be more convincing if these people came forward together.

The press conference hall at the Governor's Palace was packed with people.

Hundreds of journalists from major media outlets in Hong Kong and around the world had already set up their cameras and microphones, and the air was filled with tension and anticipation.

News of the violent turmoil in Hong Kong's financial markets and the real estate crisis has already spread around the world via radio waves, and everyone wants to know how this Pearl of the Orient will deal with this unprecedented crisis.

At exactly 2 p.m., the side door opened, and a group of people led by Governor Merrih filed in.

Mai Lihao's expression was solemn.

Behind him were business tycoons from both China and the West, including Standard Chartered Bank's Tyronn, Swire Pacific's Swire, Wheelock's Madden, Cheung Kong Holdings' Li Ka-shing, New World Development's Cheng Yu-tung, and Worldwide Shipping's Pao Yue-kong.

Walking to Mai Lihao's right, almost side by side, was Lin Haoran, dressed in a dark suit and with a calm expression.

This subtle ranking was immediately noticed by astute reporters.

Countless cameras were pointed at Lin Haoran, and flashes went off everywhere.

There had been countless rumors about this young tycoon before, but this was the first time he had appeared so formally alongside the governor in front of the international media to confront the crisis.

Everyone took their seats.

Behind the long table, Mak Lei-ho sat in the center, with Lin Hao-ran to his right, and other business leaders seated on either side.

This seating arrangement once again highlights Lin Haoran's special status.

Many local Hong Kong reporters at the scene were puzzled.

As local Hong Kong media, they knew that Chinese people in Hong Kong could only be considered second-class citizens, while the British, especially the British business tycoons, were the true first-class citizens, representing the interests of the British.

Logically speaking, although Lin Haoran is the richest man in Hong Kong, he is ultimately only of Chinese descent.

Shouldn't these British people be next to those British tycoons?
For example, Tyronn, Swire, Madden, etc.

However, before the reporters could even ask questions, Meryl Streep had already begun to speak.

Governor Merrihau cleared his throat into the microphone, and the press room fell silent instantly.

"Good afternoon, friends from the media. Thank you all for gathering in Hong Kong at this time. I know that the whole world is watching what is happening here and how we will respond." Mak's voice echoed throughout the hall through the loudspeaker.

"First of all, I have some important news to share with you:"
Following meticulous planning and swift action by the Commercial Crime Bureau and Special Duties Unit of the Hong Kong Police Force, the mastermind Chen Songqing and his core criminal gang of twelve, who planned and executed a series of serious financial frauds, attempted to disrupt the market, and involved an extremely large sum of money, were all apprehended this morning!

All evidence of the crime has been seized!

As soon as he finished speaking, a murmur of surprise rippled through the crowd.

They never expected that the person behind all this was none other than Chen Songqing, the renowned chairman of the Jianing Group!

Both the Jianing Group and Chen Songqing have become stars in the business world in recent years.

If it weren't for the emergence of a prodigy like Lin Haoran, who overshadowed Chen Songqing's dazzling achievements, Chen Songqing would definitely be one of the most dazzling rising stars in Hong Kong's business world.

His Carnegie Group rose to prominence in just a few years, with its stock price soaring and acquisitions continuing, and was once seen as a symbol of Chinese capital challenging the British judiciary.

How can one not be shocked when such a shocking scam is suddenly exposed?
After all, Caring Group's market value was once among the top five listed real estate companies in Hong Kong!

Such power was obtained through financial fraud?
At this moment, many locals in Hong Kong felt a little flustered.

They all held shares in the Caring Group to varying degrees, but had not yet had time to sell them due to the stock market crash.

Now that this news has come out, their shares in Jianing Group are very likely to become worthless!
"The Governor's Office is unwavering in its determination to uphold the rule of law and combat financial crime! Any attempt to undermine Hong Kong's financial stability and economic prosperity will be severely punished by law!" Mak said firmly, demonstrating the Governor's Office's tough stance.

He paused briefly, then changed the subject, his tone becoming heavy and firm: "However, we must also be soberly aware that the criminal acts of people like Chen Songqing have indeed impacted market confidence and exposed some regulatory loopholes in our rapid development."

This has resulted in losses for some businesses and citizens, and a temporary freeze in the real estate market, which is regrettable.

“But!” Mak Lai-ho raised his voice, his eyes scanning the entire room intently, “Hong Kong’s foundation remains solid, its economic vitality has not disappeared, and the fighting spirit of the people of Hong Kong will not be defeated!”
A crisis is both a challenge and an opportunity; it is both a test and a starting point for regrouping and setting off again!

He turned to the side and gestured in Lin Haoran's direction, a gesture that was precisely captured by all the cameras.

"It is on this consensus, after in-depth consultations with Hong Kong's business leaders, especially Mr. Lam Ho-yin, and with the positive response of all the business leaders present, that I hereby, on behalf of the Hong Kong Government House, formally announce a major initiative concerning the future economic stability of Hong Kong!"

The entire audience held their breath, waiting for the biggest news, with only the incessant clicking of camera shutters.

"We will join forces with responsible local and international corporate capital to jointly launch a HK$200 billion 'Hong Kong Financial Stability, Property Recovery and Revitalization Fund'!"

When Mai Lihao clearly read out the figure of "two hundred billion," it was like a boulder being thrown into the air, stirring up a huge wave among the reporters!

Exclamations and murmurs erupted instantly.

In this era, HK$20 billion is an astronomical figure, enough to shake up the entire market!

After all, a listed company with a market value of 20 billion yuan is now enough to rank among the top two!

Moreover, this is a real cash investment, not some illusory market value!
With his hands slightly pressed down, waiting for the commotion to subside, Maklihao continued to announce: "The core purpose of this fund is not simply to 'support the market,' but to act as a 'stabilizer,' 'filter,' and 'new engine' through market-oriented and professional means."

Specifically: First, provide transitional support for high-quality enterprises that are genuinely experiencing temporary liquidity difficulties to prevent good companies from being unfairly penalized;

Second, at fair prices, take over and dispose of core properties and assets with real long-term value that are forced to be sold due to this turmoil, so as to prevent them from being sold off in a disorderly manner or falling into the hands of speculators.
Third, guide funds towards emerging fields and infrastructure that align with Hong Kong's long-term development plan, injecting new momentum into economic recovery. He paused, then turned his gaze back to Lin Haoran, his eyes revealing undisguised admiration and reliance.

"The rapid formation and scale of this project are inseparable from the strong support of a visionary and responsible Hong Kong local entrepreneur."

With deep affection for Hong Kong and unwavering confidence, he pledged to lead and assume the vast majority of the fund's investment and management responsibilities.

All the cameras and all the eyes instantly focused on Lin Haoran's calm face.

Mak said solemnly, "On behalf of the Governor's Office, I would like to express my heartfelt gratitude to Mr. Lam Ho-yin and his consortium of companies including Heng Sheng Group, Hong Kong Land Group, Hong Electric Group, and Wan Qing Group."

They have initially pledged to inject HK$183.2 billion into the fund and to be responsible for its day-to-day operations and management.

"Wow!"

This time, the gasps of surprise could no longer be contained.

183.2 billion!
He shouldered over 90% of the burden alone!

What an amazing feat and what courage this is!

Reporters frantically took notes, their camera flashes illuminating Lin Haoran's figure as if he were a star on stage.

Amidst the barrage of flashing lights, Lin Haoran nodded slightly, his expression remaining calm and composed, showing no trace of arrogance.

Mak went on to introduce other participants, with Standard Chartered, Swire, Cheung Kong Holdings, New World Development, and other companies announcing their respective investments.

Although their share is insignificant compared to Lin Haoran's, together they constitute the diversified capital background of the fund, symbolizing the united stance of Hong Kong's business community in the face of crisis.

"Under the guidance of the Governor's Office, the fund will establish a professional management committee led by Hengsheng Group, and will hire top financial, legal, and real estate experts to ensure that every penny is used effectively. The operation process will be open, transparent, and professional, and the Governor's Office will supervise it as thoroughly as possible!"

Merrihau added that this was to dispel any concerns that might arise regarding the use of the funds.

That's what they say, but in reality, the Governor's Office can't interfere too much; these are just things they say to outsiders.

This money is a real investment from Hong Kong's giants, and naturally, there should be a return on that investment.

Otherwise, who would be the sucker?
After the introductions, we moved on to the Q&A session.

Almost all arms were raised, and questions came at Mai Lihao in rapid succession, but most were directed at Lin Haoran.

"Mr. Lin! I am a reporter from The Wall Street Journal. You and your corporate alliance have invested more than HK$180 billion. Does this mean that you are extremely optimistic about the current Hong Kong real estate market?"

Aren't you worried this is like 'catching a flying knife'? Where does your confidence come from?"

The question was sharp and direct.

Lin Haoran adjusted the microphone and calmly replied in English: "My confidence in Hong Kong is not based on short-term market fluctuations."

Hong Kong, backed by China and facing the world, possesses unique geographical advantages, a spirit of the rule of law, and a business tradition. The current difficulties are temporary and are a concentrated release of problems arising from rapid development.

We are investing in the future of Hong Kong, in a healthier and more vibrant economic foundation that has emerged from the crisis.

As for specific assets, we will conduct rigorous screening and only invest in core assets that have an irreplaceable position, stable cash flow, and long-term growth potential.

This is not speculation, but value investing.

His answer was both insightful and supported by concrete logic.

"Mr. Lin, I am a BBC reporter. You almost single-handedly supported the entire bailout fund. Does this mean that you will have too much influence on Hong Kong's economy in the future?"

Does this conform to the principles of a free market?

This question has a clear nitpicking element to it.

Lin Haoran smiled slightly and calmly replied: "First of all, the fund is open, as the Governor can attest. In the future, once the market stabilizes, I will arrange for this fund company to go public so that everyone can participate!"
We welcome all capital that shares our vision, is willing to share risks, and is committed to a shared future.

Today's funding structure merely reflects the choices made by different market participants based on their own circumstances at this specific moment.

Secondly, the fund's management will strictly adhere to market rules and professional standards, and its investment decisions will be based on independent business judgment, not personal will.

Our goal is to leverage the professional management of these assets to generate greater value in the future, ultimately benefiting the entire Hong Kong economy.

Influence stems from responsibility and commitment, not simply from financial figures.

His answer not only explained the current situation and clarified the principles, but also linked "influence" with "responsibility," making it impeccable.

"Governor, Mr. Hayashi, I am a reporter from the Asahi Shimbun. Does this fund mean that the Governor-General's Office is handing over more economic control power to private capital?"

Especially during this sensitive period of negotiations regarding the future status of Hong Kong, is this a special arrangement?

This issue involves deeper political and economic implications.

Governor MacLehose took over the conversation, his expression serious: "The Governor's House has always been the most important force in maintaining Hong Kong's stability and prosperity."

The establishment of the fund is an innovative model for governments and responsible social capital to work together to address challenges in specific crisis situations.

This precisely reflects the spirit of unity and solidarity among all sectors of Hong Kong society in overcoming difficulties together, and its operation is entirely under the legal framework of Hong Kong and the supervision of the Governor's Office.

Regarding the negotiations you mentioned, that is a matter between the two governments. Hong Kong's prosperity and stability are in the interests of all relevant parties.

The establishment of the fund is precisely to maintain and strengthen this prosperity and stability, and is not directly related to the negotiation process, but it will undoubtedly create a more favorable internal environment for Hong Kong.

Merrihow's answer was skillful and comprehensive, upholding the authority of the Governor's Office, affirming the role of private capital, and cleverly avoiding any sensitive direct political connections.

He must have already contacted the British government about this matter, otherwise he wouldn't have been so bold.

The issue now is not about who invests more; those British conglomerates are unwilling to invest, and there's nothing they can do about it.

It's not that we don't give them opportunities, it's that they're unwilling to pay!

Should the Governor's Office pay for it?
The Governor's Office was even less likely to agree; they would be lucky if they didn't plunder.

But the most crucial task at present is to stabilize Hong Kong's two major pillars: finance and real estate.

Therefore, Mai Lihao was already extremely grateful that Lin Haoran would pay the majority of the cost, so how could he possibly have any objections?

After all, even he, the governor, couldn't foresee the future of Hong Kong.

Ultimately, there is a significant risk involved in the other party paying so much money.

What more can he ask for than others taking such a huge risk for the stability of Hong Kong's economic market?

In his heart, Mak even had a vague feeling that behind this huge sum of money, there might also be a kind of "bet" on the future ownership of Hong Kong, a far-sighted consideration that transcends pure commercial interests.

But this is exactly what he wants to see at this moment; regardless of the motives, the outcome is crucial to stabilizing Hong Kong.

Subsequently, the reporters' questions shifted to specific operations, asset acquisition standards, and the protection of small and medium-sized enterprises. Mai Lihao and Lin Haoran, and sometimes other business leaders, provided detailed or principled answers to each question.

The entire press conference lasted for more than an hour.

Lin Haoran has always been the center of attention.

His logic was clear, his words were appropriate, and his attitude was confident yet unassuming, demonstrating both a firm belief in Hong Kong's future and the professionalism and prudence expected of a top entrepreneur.

His seamless collaboration with Governor Merrih, and the composure and wisdom he displayed in answering pointed questions, were broadcast to the world via radio and television.

When the press conference ended, Lin Haoran left the venue under the protection of bodyguards, with the flashing lights still lingering behind him and the reporters still discussing the matter.

"Incredible! One person almost single-handedly carried out the entire bailout plan!"

"Is this the strength and ambition of Hong Kong's business tycoon?"

"No wonder he was able to become one of Hong Kong's richest men in just a few years!"

"He looks so young, but he is incredibly shrewd in his words and actions."

"In any case, with this 20 billion fund backing it up, the market's panic should be alleviated quite a bit, and Hong Kong's financial and real estate industries may be saved."

"Won't that Forbes article soon become a joke? It actually said that the other party's assets were seriously inflated and that they might be insolvent."
Look at this 183 billion in real money! Forbes is going to be slapped in the face!

"This is not just a slap in the face to Forbes; Lin Haoran's attitude today has gone beyond the scope of an ordinary entrepreneur."

He is declaring to the world that Hong Kong's economic lifeline has the capability and the will to be protected and led by local capital, especially at this delicate moment, which is of extraordinary significance.

"Next, we'll see how they 'hunt'..."

The reporters packed up their equipment while excitedly exchanging information.

Amidst the various discussions, a brand new era seems to have revealed its clear outline to the world through this afternoon's press conference.

And at the center of that outline, without a doubt, is that young yet already incredibly important name: Lin Haoran.

He not only used the power of capital to stabilize the ship that was about to capsize, but also announced the historic shift in the commercial power structure of Hong Kong with an attitude of "if not me, then who?"

The crisis became the most dramatic background noise during his coronation ceremony.

Lin Haoran did not linger at the Governor's Mansion.

He shook hands briefly with Governor Merrih to say goodbye, and the gratitude and entrustment in Merrih's eyes were unspoken between them.

Afterwards, under heavy guard, Lin Haoran got into his bulletproof Rolls-Royce. (End of Chapter)