Hong Kong 1980: The Savage Era

Chapter 443 445 [Change the way]

After entering March, "Hong Kong Political and Economic Weekly" listed 3 billionaires, and the top 200 wealthy families had assets worth more than HK$28 billion.

This appendix is ​​not very accurate, but it also includes the apparent assets of wealthy families. Some wealthy businessmen in Southeast Asia, such as Robert Kuok and Huang Tingfang, only count their assets in Hong Kong.

Topping the list is the Lo Chi-hung family, with assets worth HK$243 billion. In fact, this asset is seriously underestimated, because the Dehe Real Estate Company privately owned by the Lo Chi-hung family alone is worth more than HK$300 billion, not to mention other companies under its umbrella.

The second place is the Li Jiacheng family, with assets worth HK$185 billion. This is also a seriously underestimated family. Many of Li Huanggua's assets have begun to be invested overseas, such as investments in Canada of no less than HK$100 billion.

The third place is the Kadoorie family, with assets worth HK$110 billion, most of which is owned by China Light and Power Group. There is not much concealment about the asset value, which accounts for at least 8% of the total assets.

Fourth place is the Guo Desheng family, with assets worth HK$100 billion. This family also has a lot of hidden assets, but not as much as other Chinese families. The Guo family only does real estate, so it is more difficult to hide a large amount of property.

The seventh is the Cheng Yu-tung family, with assets worth HK$88 billion.
The eighth place is the Lee Chiu Kee family, with assets worth HK$85 billion.
This report caused widespread discussion, the most popular of which was the Luo Qihong family.

First, the asset value of the Luo Qihong family is 58 billion Hong Kong dollars less than that of the second-ranked Li Jiacheng family, and is 18 million more than the apparent assets of 55 billion Hong Kong dollars of the Cao Wenjin family, which ranks 3th.

The second reason is Luo Qihong’s age. He is only 33 years old. The rich people on the list were still starting their own businesses at this age, while Luo Qihong has already achieved success and defeated a number of old predecessors.

Luo Qihong was unhappy about this because "Hong Kong Political and Economic Weekly" praised him too much and his predecessors were too good at hiding their assets.

As he knew, the Cheng Yu-tung family had hidden assets of no less than HK$40 billion, nearly half of their stated assets.

Being at the top of the list means having to endure pressure and criticism. Based on his understanding of the folks in his previous life, his family might become the Li Jiacheng of his previous life.

"We can say hello to those newspapers. It won't be a problem to calculate less assets," Bai Jinyan suggested.

Luo Qihong smiled bitterly and said, "It's already underestimated. If it's any less, there will inevitably be greater criticism."

"It seems that we need to learn from Li Jiacheng and use listed companies to hold shares in each other to reduce surface assets and give up the top spot. I think our family can be in the top five."

"This may be a bit difficult. The assets of Dehe Real Estate Company alone, including Dehe Plaza, Financial Plaza, 9 Queen's Road Central, 50% interest in China Hong Kong City, and New Sun Plaza, are worth more than 200 billion Hong Kong dollars. The people of Hong Kong are very clear about this." Bai Jinyan said with shining eyes.

"It's nothing. Half of Harbour City belongs to the Pao Yue-kong family. If you calculate it this way, the assets of the Pao Yue-kong family are worth more than HK$90 billion, it should be HK$300 billion. There is also the Li Ka-shing family." Luo Qihong counted them one by one.

"Then how do you want to control the shares?" Bai Jinyan asked.

"I want to sell all of China Gas Company's shares to Zhaoan Real Estate Company and control as many listed companies as possible. As for the unlisted companies, most of them will be taken by Zhaoan Group, including De'an Securities Investment Company. What do you think?"

Other companies are easy to deal with, except for Dean Securities Investment, which has some problems. Bai Jinyan holds 15% of its shares (5% was transferred to her by Luo Qihong).
"That's no problem. How do you plan to exchange the shares you hold?" Bai Jinyan asked tentatively.

"I will give you 10% of Zhaoan Group's shares individually, how about that?" Luo Qihong smiled slightly. This is many times more valuable than the 15% of Dean Securities Investment Company.

Bai Jinyan nodded and said, "Okay, my husband, you are still good to me." "We are husband and wife. The acquisition of China Gas Company by Zhaoan Real Estate Company is not easy to handle. We need to take it slowly."

The market value of China Gas is similar to that of Siu On Properties, and Siu On Properties has many development plans with deep capital tied up in them, so it will take a long time to complete.

Baoxiang Film Company Meeting Room

Today, Bao Xiang Film Company is one of the three major film companies in Hong Kong. Although it ranks third, after Golden Harvest Entertainment and Cinema City, its strength should not be underestimated. The fact that the boss behind the scenes is Luo Qihong is enough to intimidate people.

Moreover, the three major shareholders of Baoxiang Film Company own dozens of cinemas, forming an independent chain and not relying on any cinema chain company.

"Golden Harvest originally wanted to open up the American market with the help of Bruce Lee, but it failed. If Bruce Lee hadn't died, perhaps we would have succeeded by now. In recent years, Golden Harvest has found several substitutes, but unfortunately they were all unsatisfactory. Even Jackie Chan failed. I'm afraid it will be difficult for us to develop in America." Sham Kin-hsun said with a frown.

Sammul Sham and Sammo Hung have become big names in the film industry, and their status is similar to that of Raymond Chow and Edwin Ho. It's just that the two of them give more face to Raymond Chow, after all, Raymond Chow and Edwin Ho have taken care of them.

Therefore, Cen Jianxun is no longer as timid as he was before, and now speaks with confidence.

"Mr. Cen is right. The cultural differences between China and the West are too great. Moreover, the West is better than us in every aspect. How can they easily accept us? But we can approach Western films from another perspective," said Luo Qihong.

"Another angle?! Is Luo Sheng trying to talk about technology or cartoons?" Hong Jinbao asked after thinking for a while.

"Mr. Hong is really amazing. I just asked a question and you guessed the answer." Luo Qihong said with a smile, "In fact, science fiction movies and cartoons are similar. They both require science fiction special effects. Moreover, we don't have the foundation. It takes time and money to test them."

Sammo Hung and Patrick Tam are of course well aware that this is a money-burning business at the moment. Although Po Cheung Film Company has money, it may not be able to produce results from it.

Once you give up halfway, the loss will be huge.

"There's no rush for this matter. You two can take your time to think about it." Luo Qihong laughed and said that the Hong Kong film market will reach its peak in the next three years and then slowly decline. It will take several more years.

Luo Qihong still has time to plan this area. As for winning over Hong Jinbao and Shum Jianxun, it is entirely for the purpose of having two more oxen and horses. It is easier to use acquaintances, and the two have strong connections in the film industry, so they can achieve twice the result with half the effort.

“Mr. Luo, the company has other problems. With the rapid development of the film industry, more and more actors have opened their own studios or companies. We have even signed some new or unknown actors, and the pay they ask for is getting higher and higher. The company has made much less profit.” Sham Kin-Hsun sighed.

Luo Qihong pondered for a moment and responded, "It is impossible to reduce the actors' pay. Shaw Brothers is a lesson for us. Being stingy with actors is tantamount to digging one's own grave. However, the studio or company can recoup some profits."

"Although these actors are popular, it is difficult for them to compete with the old film companies. We can definitely own a sufficient number of shares. For example, Xu Ke's film company, although it only has 15%, can also make 2 to 3 million a year." Luo Qihong suggested that Baoxiang Film Company change its thinking to make money.

"Of course we can't just hold shares, we also have to take the initiative to contact these actors and film companies, sometimes we can help them solve some problems in exchange for some friendship. We can even take the initiative to suggest that popular actors open their own film companies, and the company will help them, but the shares must be a little larger, but not more than 40%."

(End of this chapter)