The birth of the Hong Kong Island family

Early September.

After returning to Hong Kong, Lin Zhichao first came to Cheung Kong Properties in Tsuen Wan, accompanied by Huang Changhong and Hu Zhaoxu from Cheung Kong Real Estate.

When he came to the open space of the factory, Lin Zhichao was still holding the blueprint of the factory building in his hand.

"Each floor is 28,800 square feet, a total of three floors, that is a factory building of nearly 90,000 square feet." Lin Zhichao explained while looking at the plan.

Wang Liang, deputy general manager of Cheung Kong Industries, said happily: "After the new factory is put into use, Cheung Kong Industries will become a large factory in Hong Kong, and it is estimated that it will be the largest factory in China."

He is a little proud that Changjiang Industrial has developed too fast.

Even now, Cheung Kong has a staff of 200 and has become the largest factory in Tsuen Wan.

Lin Zhichao said calmly: "Expanding production means the need for new customer sources. Next year we will use an improved automatic rice arranging machine and an automatic slider punching machine. The quality of zippers will be improved again. Therefore, the key is to open up European and American markets. The market of the times, otherwise we may not be able to support such a huge investment with the Asian market alone."

In fact, it may not be necessary. Even if the Asian market allows Cheung Kong to earn 1.5 million Hong Kong dollars a year, it can support Cheung Kong’s second round of expansion.

Cheung Kong's second round of expansion includes:

1. To purchase a new batch of machines, the budget is 1.2 million Hong Kong dollars;

2. Open a branch factory in Singapore with a budget of 400,000 Hong Kong dollars;

3. To build a second factory in Tsuen Wan, with a budget of 200,000 Hong Kong dollars.

4. The budget for purchasing the surrounding land of Cheung Kong is 1.2 million Hong Kong dollars (about 300,000 square feet).

This round of expansion requires almost 3 million Hong Kong dollars in funds.

If the Tsuen Wan land investment is not counted, only 1.8 million Hong Kong dollars is needed, which is almost a year's profit.

It stands to reason that there is no need to worry about the European and American markets. The Asian market alone can make a profit of just over a year, not to mention that the factory itself is also an asset. However, Lin Zhichao knows one thing very well. Since he is in this industry, he must seek continuous breakthroughs.

Wang Liang thought at this time that as the number one general under his boss, he should show "superhuman performance" to establish his position.

"Boss, I am willing to go to Europe and the United States to promote our products!"

When Lin Zhichao heard this, he felt very fond of it.

However, he said: "Your job is to manage production, which is the most important. Also, once the factory in Singapore is determined, you need to run on both sides, because the factory there is also very important."

Wang Liang nodded and said, "Okay, I understand!"

Next, Lin Zhichao said to Huang Changhong of Changjiang Real Estate: "Let's prepare for this factory project. Organize construction as soon as possible. Yangtze River Real Estate will undertake the construction, and the finance will be controlled by Yangtze River Industrial."

Huang Changhong immediately said: "No problem! It will be completed within 10 months and the quality will be guaranteed."

The preliminary preparation work is actually already underway, such as drawings, approvals, etc.

At this time, Huang Changhong said to Lin Zhichao: "Boss, Boss Tang seems to have plans to build a three-story factory. Do you want to ask if we can build it together? It just so happens that the engineering department will soon be left with the construction of the 'Defu Garden' project."

No. 126, Modu Street, has come to a perfect conclusion. Happy Valley’s ‘Lam Tin Garden’ is about to be completed and accepted in two months.

After all, Yangtze Real Estate supports person No. 20, so it naturally needs work.

"I'll ask him later!"

"OK"

Tang Zhongyuan originally intended to build a large-scale textile factory on his 80,000 square meters of land in Tsuen Wan. Now he is also ambitious and plans to do something big. His Oriental Textile can now earn almost more than 200,000 yuan a year. Not to mention that he knows that Lin Zhichao wants to expand the zipper factory, so he is naturally more confident.

Although Tang Zhongyuan is Lin Zhichao's father-in-law, Lin Zhichao has always personally grasped the quality requirements of textile fabrics and has not relaxed at all. Fortunately, Tang Zhongyuan used to be a senior executive of a textile factory in charge of production, so he did not disappoint Lin Zhichao in this regard.

Next, Lin Zhichao said to Hu Zhaoxu: "Recently, I plan to buy the remaining 300,000 square feet of land around here. Do your work in this area and report to me any situation."

Hu Zhaoxu said confidently: "Don't worry, boss, the land here is not a piece of cake, so it won't be a problem to win it."

Land prices in Tsuen Wan began to rise in 1950. At that time, there was no suitable place to build factories on Hong Kong Island, so people would think of the deserted beaches here.

Of course, Lin Zhichao is not planning to speculate on land now, but to save it for building factories in the future.

This area will be his industrial park in the future.

Finally, Lin Zhichao said to Wang Liang: "Are you ready for the site selection in Singapore?"

Both Wang Liang and Li Gaofu went to Singapore for inspection, but they were the front-runners, and it was Lin Zhichao who made the real decision.

Not only that, Lin Zhichao will also personally visit Singapore for inspection. He plans to regard Singapore as his second base. Although the man from Sing Tao doesn't like 'private entrepreneurs' very much, he has to need 'private entrepreneurs'. If we can make good friends with him before he becomes successful, then the Lin family will be stable in Singapore in the future.

Generally, wealthy people in Southeast Asia like to open up a second base in Hong Kong. Now, Lin Zhichao is doing the opposite and opening up a second base in Southeast Asia.

Because he knows that Singapore has great prospects for development!

"The materials are ready, I will bring them to you later."

"Yes. If possible, I will leave for Singapore as soon as possible to finalize the location of the factory."

The next day, Lin Zhichao came to the Yangtze River Bank and listened to Li Shauji's work report.

"I didn't expect gold to fall to HK$390 per tael. So when the price of gold reached HK$398 per tael, I closed my previous short sale. Then I bought 40 lots of gold at a cost price of The price was 396 Hong Kong dollars per tael (39,600 per lot), but I evened out the deal at 391 Hong Kong dollars per tael, resulting in a loss of 20,000 Hong Kong dollars."

Although it is normal to have losses and wins, Li Shauji still felt a little guilty and he was a little anxious to enter the market.

Lin Zhichao said without caring at all: "You did a great job! If I guessed correctly, many gold merchants and silver accounts from Guangdong Province have incurred huge losses this time, right?"

Li Shauji suddenly felt good. This boss was not the kind of person who kept an eye on small profits. He had observed the boss and found that there was no heartache at all, and he was just calm.

With this kind of personality charm, Li Shauji was naturally convinced.

Immediately, Lee Shau Kee said: "Since the mainland issued gold yuan certificates, private holdings of gold were not allowed, and prices were fixed. Therefore, mainland gold merchants significantly reduced the amount of gold obtained from the Hong Kong Gold and Silver Trade Center. In addition, some Shanghai gold merchants this time Deliberate short selling suppressed the price of gold, so even if Hang Seng Bank and Chaozhou gold merchants wanted to stabilize the price of gold, it would be of no avail. The price of gold fell as much as HK$40 per tael in half a month."

Why do Shanghai-based gold merchants suppress the price of gold?

It is not difficult to guess that they want to lower the price and then import gold cheaply from Hong Kong.

Why do Hang Seng Bank and Chaoji Gold Dealers want to stabilize gold prices?

It is also not difficult to guess that since they have access to gold smuggling from Omen, they hope that the price of gold will rise and they will cash out from it.

In this confrontation between the two sides, the Cantonese gold merchants were inferior because of the general environment in the mainland. Of course, the mainland gold merchants and bankers were also stronger than the Cantonese gold merchants. The Cantonese Jin Shang Sheng knows the market well. Once the situation in the mainland changes, the balance of victory will be theirs.

"We will only be profitable if it falls. But as far as I know, prices in the mainland have risen sharply, which means it is almost time to enter the market, so there is no need to worry about where gold will fall!"

It has been half a month since the gold yuan coupons were issued on August 18. Logically speaking, the time should be coming soon, Lin Zhichao guessed.

"Well, I think so too." Li Zhaoji said seriously.

"Well, I have been in Hong Kong recently and will discuss the timing of buying with you!"

"Okay, boss."

Lin Zhichao did not completely delegate power to Li Shauji. He wanted the two to cooperate with each other. He knew the big environment and Li Shauji knew the small environment. The combination of the two was a perfect match.

At this time, Yangtze Bank's 1 million Hong Kong dollars' gold speculation funds (short-term)' had increased in value to 1.6 million Hong Kong dollars, which was a great victory.