Chapter 619
Future
On October 6, President Peng Liyuan delivered his second policy address during his term, reiterating his stance on the political reform proposal, while the Chinese side issued a statement reiterating its reasons for its firm opposition.
The two sides' attitude of talking past each other and ignoring each other was quite obvious. Despite the low point in relations between China and Britain, the stock market reached a new peak driven by the continuous influx of Chinese and foreign funds.
10月份第一个交易日（10月4日），买卖已异常炽热，平安指数并随即在10月6日突破10000点的历史性心理关口，哄动社会。
In the real estate sector, as of October, luxury homes had seen a total price increase of 30-40% this year (1993). Driven by the rise in luxury home prices, the prices of small and medium-sized residential units surged again, with the average price per square foot reaching HK$6000.
Also in 1993, the office market was booming, with both rents and sales prices soaring. Rents for Grade A office buildings in Central and Wan Chai rose by 40% and 30% respectively in just one year. By early October, the monthly rent per square foot at Exchange Square in Central had reached HK$105, approaching the global champion, Tokyo.
Office building prices have also reached new highs. In September 1993, a prime Grade A office building in Central District set a record price of HK$15,200 per square foot on the 19th floor.
In an instant, the social profit-making effect exploded.
Hong Kong's GDP per capita (US$2.1) actually surpassed that of the UK (US$2.05 million) in 1992. Therefore, when the "New York-London-Hong Kong" pairing was proposed, no one was surprised; on the contrary, they were very excited.
In the conference room of Jia Hui Investment, a meeting is being held regarding the pre-IPO preparations for 'I·T Fashion Retail Group'.
Chairman Guan Jiahui, Director Li Jiaxin, President He Wenchang, and other members of the management team are listening to a work report from Peregrine President Liang Botao.
This shocked some of the management, who were amazed by their boss's high level of influence, as he had Liang Botao personally oversee the I·T listing process.
It's worth noting that in 1992, Peregrine Group took the lead by arranging for three Chinese companies to list on the Hong Kong Stock Exchange. It also actively expanded its business in mainland China, establishing a Peregrine office in Shanghai in 1993.
In fact, Liang Botao was known as Chen Wenjie's advisor. When the company was founded, Chen Wenjie personally helped him purchase shares and introduced many wealthy people to invest, known as the "18 Kings" who came to help.
At this point, Liang Botao spoke off-script: "Ms. Guan, Ms. Li, President He, I·T Fashion will be listed on December 15th, and our opening market capitalization is HK$500 million."
Upon hearing the price, Guan Jiahui and Li Jiaxin were both delighted; it was a company with a market value of 5 million!
At this time, IT had been developing for more than ten years and had a total of 56 stores in Hong Kong. It once set a record by opening 10 stores in one go on Paterson Street in Causeway Bay.
Of course, not all stores are called I·T. At this time, I·T fashion retail has many brands, including Big I·T, Little i·t, its own brands such as izzue and b+ab, and collaborations with celebrities such as Arnold Palmer.
IT mainly represents top European and American brands, while IT represents top Asian brands.
IT CEO Ho Man-cheung, an industry elite from the Sun Fung Textile Group, confidently stated after listening: "Our IT Fashion Company is not only Hong Kong's largest apparel retail chain brand, but also a property investment company. The assets included in this listing comprise 35 stores. Therefore, we are very confident about the listing!"
He came from Hsin Feng Textile Group. He was initially talked to by his boss, Chen Wenkai, and then went to work in IT.
He had some suspicions about his current boss's relationship with Chen Wenkai, but that seemed far-fetched—because the "Five Tigers of the Chen Family" had almost no gossip.
Guan Jiahui immediately added, "Among the assets listed this time, the shops are all accumulated by me over the years, and each shop was hard-won."
This statement is not true.
The shops listed this time are not the best in Kwan Ka-wai's possession. At least Kwan Ka-wai has several top-tier shops worth tens of millions, such as the "King of Shops in Tsim Sha Tsui" and the "King of Shops on Russell Street", which she did not put up for sale.
then.
Liang Botao stated, "The funds raised this time amount to HK$1.25 million, which is publicly stated to be used for IT brand expansion."
The meeting quickly finalized the plan, and now all that's left is to wait for the IPO.
With IT going public, Kwan Ka-wai inevitably comes into the public eye. As the daughter of Kwan Shan, she already attracts media attention. Since she opened her IT fashion retail business, many media outlets have enjoyed focusing on this beautiful businesswoman.
Guan Jiahui tried to keep a low profile as much as possible, after all, Chen Guangliang had warned her many times.
After the meeting, Li Jiaxin went to Guan Jiahui's office and said sourly, "Congratulations! You'll be the boss of a listed company from now on. How prestigious!"
Guan Jiahui said smugly, "There's nothing I can do about it, it's just that you came a few years late!"
Li Jiaxin immediately became anxious and said, "Don't mess with me, or I'll go to him and ask him for advice!"
Guan Jiahui laughed and said, "Dream on!"
After a heated exchange, the two women actually became quite friendly, discussing the recent stock market and real estate market, both undoubtedly experiencing a significant increase in their assets. Even Li Jiaxin's net worth has exceeded HK$15 billion, while Guan Jiahui's assets have surpassed HK$30 billion.
Kwan Ka-wai's most expensive property is the "Grandmaster's House," also known as "Cloud Peak Residence" atop Gough Hill, which was put up for sale by HSBC in 1990. She bought it for HK$1 million at the time, and it is now worth HK$3 million.
At the end of the year, the Ping An Index climbed to a new peak of 14888 points, a frightening surge.
Compared with the end of 1992, the Ping An Index rose by a full 115.7%, and the total transaction volume for the year was RMB 16226.8 billion, an increase of 74.5% compared with 1992.
The total market capitalization of the Hong Kong stock market has reached an astonishing HK$4.3 trillion.
From any perspective, the performance of the stock market in 1993 was outstanding, and it brought substantial profits to the vast majority of investors.
The 'Tranquility' superyacht.
This place has become Chen Guangliang's 'sea palace', and he often chooses to vacation here.
He had complete knowledge of everything that happened on the shore.
In the yacht's lobby, Chen Guangliang was interacting with Guan Jiahui's two sons and Li Jiaxin's son, with the two women accompanying them.
Even illegitimate children can receive some fatherly love, but they cannot be personally taught by their father. Of course, these illegitimate children do not have the "Wen" generation name; instead, they are named "Chen Chao X".
The first child he had with Kwan Ka-wai is now 8 years old.
Of course, Chen Guangliang is almost 84 years old, and his great-grandson, the eldest son of his grandson Chen Zerui, is already 9 years old.
However, these were not things Chen Guangliang considered. He would do whatever he wanted. He didn't have many years left to live, so how could he not be willful?
After playing with the three children for a while, Chen Guangliang asked the maid to take them downstairs to play, and then sat on the sofa with Guan Jiahui and Li Jiaxin.
"So? The chairman of a listed company?" Chen Guangliang said casually, crossing his legs.
He still liked Kwan Ka-wai very much.
Now, although Guan Jiahui is 32 years old, she is still incredibly beautiful, with porcelain-like skin and a pair of bright, expressive eyes. When IT went public recently, the media covered Guan Jiahui extensively. Even though she didn't attend the press conference (CEO He Wenchang did), she was still one of the media's most sought-after figures.
The fact that a 32-year-old listed company owner is big news in itself.
Not to mention, she's a beautiful boss, and the daughter of veteran Hong Kong stars Kwan Shan and Cheung Bing-Chien, with a deep connection to the entertainment industry.
Guan Jiahui sat down next to Chen Guangliang and said, "It's alright. This isn't part of your plan, so I'm relatively calm."
Li Jiaxin immediately exposed her, saying, "Being so happy that you can't sleep for days, is this your peace of mind?"
"you?"
"Alright," Chen Guangliang patted the two women's thighs in black stockings and said, "We've been good sisters for years, why are we still fighting!"
I've tried all the most thrilling rides.
Guan Jiahui nodded and then said, "By the way, how about I invest the 1.25 million yuan I raised in real estate?"
Chen Guangliang smiled and shook his head, saying, "From now on, you should cash out your stocks gradually over two months. As for properties, you can consider selling some of the non-core properties, such as mid-to-low-end residential properties." "Ah..."
The two women were surprised; clearly, if this man said so, then Hong Kong was about to experience a major crash.
Chen Guangliang laughed and said, "What?! The price has risen too fast, there are too many profit-taking positions, and the Hong Kong government intends to suppress the property market. It is expected that there will be a wave of adjustment from next year to the year after, and a drop of 30% is always possible."
This is not a memory, but an analysis by Chen Guangliang, which of course contains some memories as well.
If no adjustments are made, there won't be much room for further growth before 1998. Moreover, actions by the Hong Kong government and banks indicate that this wave is about to come to a halt.
Guan Jiahui immediately realized: "Then can the funds raised by IT this time be used to buy stocks at rock-bottom prices next year?"
"This child is teachable."
At that time in Hong Kong, the main focus was on Kwan Ka-wai and Lee Ka-yan, who stayed and started some businesses.
Li Zhi and Zhang Min were arranged to reside in Singapore. Their businesses extend beyond Hong Kong, with significant operations in Singapore and mainland China. This year, they even invested in a commercial plot of land in Hohhot, planning to build an office building. Of course, they had connections to help them with all of this.
Before nightfall, Chen Guangliang brought Guan Jiahui and Li Jiaxin to the bedroom.
Old age makes one stronger.
He cherished the moment, admiring and playing with the two pairs of beautiful legs in black stockings, knowing that time was running out.
Guan Jiahui looked alluring in a pink halter dress; Li Jiaxin looked cool and elegant in a black bodycon dress.
"Couldn't you have called us in separately? After all, our physical strength isn't what it used to be!"
Chen Guangliang was stunned when he heard Li Jiaxin's words. This was the first time a woman had said that his physical strength was not what it used to be. Of course, this had indeed been the case since 1990, but this was the first time a woman had said it to him.
Guan Jiahui quickly replied, "Even if he's not as good as before, he's still a man among men!"
Is this consolation, or a sarcastic remark?
Chen Guangliang could only bear this 'blow', and pretended to be nonchalant, saying, "Then Jiaxin, you can go out first tonight."
Li Jiaxin said, "I don't want to. It's stuck in this middle."
No doubt about it, how can a man say he can't do it? He can still last an hour.
afterwards.
Li Jiaxin reluctantly swallowed the pill and said, "I only have one son, why should she have two?"
Chen Guangliang said weakly, "I'm almost 84. Will I be able to see my child graduate from university after he's born?"
"Why not! Besides, you don't need to be overly concerned about these children."
Chen Guangliang said impatiently, "Anyway, we can't have any more! But don't worry, you'll still get your share of the assets."
Li Jiaxin stopped throwing a tantrum and comfortably lay in the man's arms. She had no aversion to Chen Guangliang's body, mainly because Chen Guangliang's body was not very old, in addition to his temperament and charm.
At this point, Chen Guangliang had already seen through it all. Regardless of whether these women would remarry in the future, at least he could see these illegitimate children finish university and their assets be inherited by his own children.
Even Li Jiaxin's child was born in 1989. If Chen Guangliang graduated from university in 2011, he would be exactly 101 years old and should still be alive. He is confident in his health.
At the end of the year, Time magazine released its list of Hong Kong's richest people:
First place: Chan Man-kit, net worth HK$800 billion
Second place: The Kwok brothers, with a net worth of HK$500 billion.
Third place: Chen Wensheng, net worth HK$400 billion
Fourth place: Lee Shau-kee, net worth HK$380 billion.
Meanwhile, the Hong Kong Economic Journal published a list of Hong Kong's top ten tycoons based on the market capitalization of their holding companies:
First place: Chan Man-kit, HK$4205 billion (Cheung Kong Holdings HK$1800 billion, Hutchison Whampoa HK$1800 billion, HK Electric HK$600 billion).
Second place, Keswick, HK$1512 billion.
Third place: Swire, HK$1481 billion.
Fourth place: Walter Kwok, HK$1400 billion.
It is clear that Cheung Kong Holdings has a commanding lead.
In fact, CK Asset Holdings has streamlined its operations considerably. It earned HK$500 billion in Japan a few years ago and has distributed dividends of around HK$80 billion for three consecutive years, totaling over HK$240 billion in dividends over those three years. Prior to this, CK Asset had already maintained a high dividend payout record for ten consecutive years.
Of course, these lists are not considered authoritative by some people in Hong Kong.
Hong Kong is known for its many "hidden billionaires," with the "Global Group" and "Cheung Kong Group" easily ranking among the top three. However, since neither of these groups is publicly listed, they are difficult to track.
As for the 'Ping An Group', Ping An Bank's market value is just over 700 billion yuan, and Ping An Investment, Ping An Insurance, and Ping An Securities are not listed companies, so only Chen Wensheng's net worth of 350 billion yuan can be estimated.
79 Deep Water Bay.
After finishing reading the newspaper in his study, Chen Guangliang called Chen Wenjie over.
“Wenjie, the bigger the tree, the more the wind blows. These days, those big gangs have been playing by the rules again. They might have already set their sights on Ze Rui and the others. The money lost from kidnapping and extortion is a small matter, but the psychological trauma it causes to young people is very serious.”
Upon hearing this, Chen Wenjie immediately understood that his father had the ability to foresee the future, and said without hesitation, "Then I will immediately arrange for the family's security company to carry out a comprehensive overhaul and restructuring, and tell all family members in Hong Kong that they must take bodyguards with them when they go out."
Chen Guangliang nodded and said, "That's not enough! Some security guards aren't necessarily trustworthy, so they hire a large number of Gurkhas as bodyguards. These people aren't familiar with the person in question or with people from the mainland, so the possibility of them colluding from the inside is low. In short, I believe that if things continue like this, there will be shady characters outside 79 Deep Water Bay, especially that Cheung Tze-keung. Back then, he robbed a cash transport vehicle at Kai Tak Airport for HK$160 million. He was arrested, but the court acquitted him due to insufficient evidence. The Hong Kong British authorities even compensated Cheung Tze-keung with a large sum of money, which made him even more arrogant. If they kidnap Ze Rui, you wouldn't even blink an eye at a billion dollars. Do you think they wouldn't think of that?"
Chen Wenjie was startled. He didn't care about the money, but he did care about the harm it would cause to his children.
"Yes, I'll discuss this with the brothers as soon as possible, and we definitely won't give them a chance."
Now that he is the 'head' of the family, he naturally cannot only consider his own descendants.
"go"
Just as Chen Wenjie left, Yan Renmei came in carrying a cup of ginseng chicken soup. She first showed concern for him, and then began to explain the purpose of her visit.
"You took your mistress's company public, causing quite a stir. People are saying she's Wenjie's mistress, which isn't a good thing!"
The ginseng chicken soup Chen Guangliang was talking about suddenly lost its freshness, and he could only say, "What little lover? That's not true. Besides, everyone has gossip, let alone someone like Wenjie, Hong Kong's richest man."
Yan Renmei had no choice but to give up. She really couldn't control her husband, much less make a scene, because her children all told her not to have any conflicts with their father.
Chen Guangliang knew how to comfort people. He put down the chicken soup, stood up, went to Yan Renmei's side, and put his arm around her, saying, "Don't overthink it. At this age, frankly speaking, we're just living to see where our family, our children, and the world are headed. The important thing is to live to see; worrying about these things will only make you feel worse."
Yan Renmei said, "I have no worries, I'm just kindly reminding you!"
She threw a little tantrum.
Chen Guangliang quickly coaxed the 'old woman' into silence, and the matter was considered closed. (End of Chapter)