A century-old wealthy family that rose from Shanghai

Villa at 20 Carmel Road, Stanley.

This is a detached villa with a usable area of ​​over 5 square feet. In May of this year, Wu Guofang spent HK$1200 million to acquire it, which became the residence of the three of them.

It's only 1200 million, but Li Jiaxin has been with Chen Guangliang for eight months and has received 2400 million in 'living expenses'.

However, at this time, Wu Guofang and Li Jiaxin owed the bank a debt of up to 7000 million yuan. It turned out that every time they received living expenses, they would make a 2% down payment to purchase luxury villas, mansions, and commercial properties on Chen Guangliang's advice.

"I am back!"

Li Jiaxin, a young woman, returned to the villa at No. 20 Jiamei Road, and seemed to be in a very good mood.

They now live a life of luxury, like the wealthy.

Wu Guofang came out with a smile and said, "Sir Chen said he's coming to see us tonight. Would you like to wash up and change your clothes?"

"Do not"

Li Jiaxin resolutely refused.

Wu Guofang was taken aback, then cautiously asked, "Jiaxin, do you have a conflict with Sir Chen?"

This is a serious matter. In the past seven or eight months, she purchased properties worth nearly HK$100 million on behalf of her youngest daughter, incurring a debt of more than HK$70 million to the bank.

With Sir Chen backing him up, this amount of money is nothing.

Without it, their wealth and glory would be nothing but emptiness.

She didn't want to sell her daughter, but she was already in a difficult situation.

"No, it's just that this outfit is really nice, there's no need to change!" Li Jiaxin said shyly.

Wu Guofang instantly realized that he had completely forgotten about this!
A short while later, a Nissan RV drove into the villa, and Chen Guangliang came out afterward.

Sir Chen

"Miss Wu, Jiaxin, Jiaming"

Li Jiaxin took Chen Guangliang's arm and led him into the villa, where she gave him a tour.

This villa was not originally owned by Chen Guangliang personally, but by a subsidiary of Cheung Kong Holdings, essentially a 'reserve luxury villa'.

The villa at 20 Carmel Road is right next to the villa at 18 Carmel Road, which Teresa Teng purchased in 1988 for HK$8 million in her previous life. Of course, property prices in Hong Kong in this life are 20% higher for luxury villas and mansions, and more than 10% higher for ordinary residences compared to her previous life. If Teresa Teng were to buy 18 Carmel Road next year, it would probably cost her close to HK$10 million.

"Sir Chen, this is my boudoir!"

"well"

When the two came downstairs, their faces were noticeably rosier, and Chen Guangliang was even saluting Wu Guofang and Li Jiaming.

"Sir Chen, is our meal ready?"

"can."

Clearly, Chen Guangliang is the master of the house here, and Wu Guofang has to serve him carefully.

During the meal, Chen Guangliang brought out a bottle of rare red wine worth over 100,000 yuan, which made everyone even more excited.

After a few rounds of drinks, Wu Guofang, his face flushed, said, "Sir Chen, with this global stock market crash, will property prices drop? I've heard..."

A decline in property values ​​will inevitably lead to banks tightening lending, which is detrimental to them.

Chen Guangliang said calmly, "What are you afraid of? I'm here for you!"

"That's true! Sir Chen, let me toast you!"

When your mother-in-law offers you a toast, you should naturally give her face.

Of course, she's hardly a mother-in-law. Wu Guofang is only in her early forties, much younger than Chen Guangliang's son!

The Nissan 'Presidential RV' drove into Central, Hong Kong, and then arrived at the 'Ping An Bank Tower (Freedom Tower)' on Garden Road.

This building has always been a landmark in Hong Kong, winning international awards and being praised by the people of Hong Kong. The convoy drove into the underground parking garage, and Chan Kwong-leung then took his 'private elevator' directly to the 70th floor.

Floors 70 and 71 are special floors, serving as the global headquarters of the 'Chen Guangliang Family Office'. Floor 72 is the archives and exhibition hall for 'Chen Enterprises' and 'Chen Family'. Above that is the 'Freedom Tower'.

Chen Guangliang walked into his office on the 70th floor, which was actually the 'family office'. Although he now had a 'chairman's office' in the five major groups, it was more of a representation for his children to show their filial piety. He himself no longer went to the five major groups to work.

If their children have jobs that require them to report back to him, they can either go to his 'Tranquility' superyacht or come to the family office.

"dad"

Chen Wensheng walked in respectfully. It was the most convenient way for him to report to his father, since they lived in the same building.

"Well, how's it going?"

Upon hearing his father's suggestion, Chen Wensheng immediately said, "We have already arranged for Ping An Investment in Hong Kong, Japan, the United States, and Singapore to buy back the 25-30% of shares we previously cashed out. The process will take about three months."

He always kept his father's philosophy of value investing in mind, so he held onto any good stocks his father told him about for the long term.

Chen Guangliang nodded and said, "This way, we can make a lot more money!"

"Yes, conservatively speaking, it will cost an additional $2 million."

It's alright, not a huge profit!
The Chen family likely made around US$1 billion from the '87 stock market crash,' which includes the advance reduction of holdings by each branch of the family and their children, as well as the short selling of stock index futures by several mistresses.

Among them, those who shorted the Ping An Index futures only made HK$5000 million, and there may be some delays, because the Hong Kong futures company lost HK$20 billion this time, much of which was the margin owed by long clients.

"Father, should we put the $2 million into your account?"

Chen Guangliang laughed and scolded, "You brat, when have I ever been short of money! You brothers always ask questions like this."

Chen Wensheng said earnestly, "Dad passed on his business to us siblings, and in recent years, he either refused the dividends or donated them to the 'foundation'."

He wanted to say, "Dad, you must spend a lot of money, after all, what woman doesn't spend money?"

Chen Guangliang waved his hand and said, "No need. I still have some pocket money. If it's really not enough, I'll ask you for more."

"It was originally my father's."

Chen Guangliang didn't bring up the topic again, so it's impossible that he's short of money.

First of all, he can take the money from the family office because he is the founder. As long as he is alive, he can do whatever he wants with just a word.

Secondly, he also had some properties and cash, and the women he met later mainly provided him with investment opportunities rather than cash.

Finally, his children would give him the dividends from the companies each year, and only after confirming that he didn't want them would they make other plans.

The money in the 'Chen Guangliang Foundation' charity is actually considered Chen Guangliang's, and he can withdraw it through methods such as 'paying him a salary'.

Of course, the 'Chen Guangliang Foundation' has donated US$8 million to the mainland, which is a real expenditure.

"How are the preparations going in Thailand, Malaysia, Indonesia, and the Philippines?"

The Four Asian Tigers are worth investing in.

Chen Wensheng nodded and said, "We have already made some tentative investments in real estate projects and financial products. Taking advantage of this impact, I will arrange to invest more funds as soon as possible."

Ping An Financial Group has a very wide range of businesses. In commercial banking, Chen Wensheng generally only oversees the overall direction, leaving the rest to a team of professional managers; he himself focuses more on investment banking, and in addition to securities and real estate investments, Ping An Investment is also involved in financial activities such as bonds and IPO preparation.

"Well, the key to investing in these places is to be able to exit smoothly ten years later, around 1995-1996. Because the economy goes up and down, but the places we invest in for the long term are mainly those with stable political situations and sound legal systems."

"Yes, Dad, I've written it all down."

Then, Chen Wensheng tentatively asked a question: "Dad, could we do asset management and investment business in the future?"

With Father still alive, everything should be done according to his will.

Chen Guangliang said, "Only do it when there's an opportunity. Investing in your own assets is the most profitable. But managing investments for others requires the right timing, location, and people, like acquiring a very well-known, established investment bank. Of course, never rush into anything; true hunters wait for the right moment."

"Okay." (End of Chapter)