Chapter 258: Li's richest man
"Boss Chu, I knew your name very early. Last year, your magical operation in the stock market really opened our eyes to those of us who are playing finance." William began to get close to Chu Han.
Chu Han looked at William in surprise. He didn't expect that William would know his deeds in the Demon City in Xiangjiang.
"Oh? So, do you know who is the person behind the operation?"
"Of course, although I suspected that person named Ma Chao at the beginning, after you left the market and Ma Chao also left Magic City Securities, I already understood that I made a fortune with the first pot of gold with the stock market. You are really amazing." William said with a thumbs up.
"Haha, I'm welcome, I'm just lucky."
"In the stock market, luck accounts for the majority, but it also requires some strength. What's more, Boss Chu, you buy and sell, just come at the right time. If you tell others that it is luck, others will believe it, but I don't believe it. I always think that Boss Chu is a truly powerful person." William still praised it.
Wear it thousands of times, but flatter you don’t wear it.
If you don’t know how to communicate with someone, then just swear by him crazy and you’re done.
Whether you want the other person to like you or hate you, flattery is a great tool.
If you use it well, you can change the attitude of people around you towards you at will.
So, while listening to the flattery awkwardly, Chu Han drank the water in front of him.
It seems that this foreigner only speaks Chinese and does not know what the real core of Chinese is. It is so embarrassing that people praise it.
At this moment, the bank staff came over with a document.
William wanted to guide Chu Han on how to sign, but suddenly, the employee just now walked in and said, "President, Li Zeju is here."
"Mr. Li is here again? Very good. Come and help Mr. Chu sign the contract. I will come to receive Mr. Li." William said that, and ran out.
Looking at the bank president who was still praising him just now, and immediately ran out after hearing the name Li Zeju, Chu Han couldn't help but smile and said, "Who is Li Zeju?"
The bank employee next to him helped Chu Han answer questions and answered questions: "Li Zeju is the vice chairman of Changjiang Industrial and the general manager of Changjiang Securities."
When Chu Han heard the name of this company, he immediately realized that he was from the richest man in Li's family, no wonder.
Speaking of the richest man Li, this is a legend, a real legend.
This is a god-like man who started his business since the 1950s, and he successfully acquired a lot of assets when he first started his business.
Although his entrepreneurial journey began somewhat questionable, it is said that he started his first business with his father-in-law.
The richest man Li heard before that he was still a son-in-law and relied on his wife to take office.
Although this behavior makes many people envious, success itself is by any means, and it is nothing to rely on your father-in-law to reach it.
After receiving the first fund to start a business, the richest man Li was out of control and made full use of his business talents.
At the beginning, I sold plastic flowers, but in just five years, I became the king of plastic flowers.
But Li's father-in-law is a person with a high status. A small plastic flower king is not enough to make his father-in-law look at him differently.
In order to improve his status at home, the richest man Li has been thinking about what method to make money.
By 1960, he discovered an opportunity, real estate!
So, Changjiang Industry appeared in his hands. Excellent entrepreneurs and successful businessmen all have one quality, that is, their spirit of adventure.
At that time, the richest man Li took out all his assets and bought two pieces of land to start construction.
At that time, the whole world knew about real estate in Xiangjiang.
Countless real estate developers flocked to Xiangjiang, hoping to get a share of the pie here.
Their business methods are also very unified, and they are pre-sale first, but in fact, they didn't even buy land during the pre-sale. This is equivalent to making a fortune. I haven't bought land or built a house, but I will definitely build it in the future. So I will sell the house first, draw the drawings, and make the model.
After the pre-sale is successful, they have funds.
With this fund, you can buy land and build a house. In this way, you will have a real estate project in your hand. What can you do with a project? You can borrow money from the bank and start the second project again.
The turnover rate of almost no waste of funds is guaranteed to be in operation.
At that time, many banks in Xiangjiang were willing to lend money to real estate developers because they really made money.
Not only these real estate, but many people in Xiangjiang also know how profitable real estate is. They buy houses and keep them in their hands, and wait for appreciation, and they can double in a year.
This way of making money is simply too easy.
However, this behavior is problematic after all, because the population of Xiangjiang is there. When the product is saturated, no one will buy it. Another point is that the real estate developers and banks are too deeply tied. In this case, once one of them has problems, then both will have problems.
It’s not that no one can see this problem, but the profit is too high and the money is too fast to be able to control it at all.
The richest man Li controlled it. He used his own money to rent the buildings he built, not selling them, so that he could completely draw a clear line between himself and the bank.
Sure enough, five years later, the buzz of real estate craze ended, and the bubble filled the entire industry. Banks began to go bankrupt one by one, and real estate developers also closed down one by one.
No matter how strong the real estate developers are, they are losing more or less at this moment.
Only Changjiang Industrial has no loss of a penny.
Because it only rents but not sells, the house is built by yourself, and it has nothing to do with the bank, and the bubble will not affect him.
When all the real estate developers began to withdraw, and there were only a few real estate developers left in Xiangjiang and countless unfinished projects, the richest man Li took action.
He showed his unique determination and began to buy at the bottom.
No matter what unfinished project it is, all of them are collected at a low price. If there is not enough money, I will borrow it from the bank. Some banks heard that the richest man Li wanted to play in real estate, but some of them were afraid to borrow it.
But after all, there are smart people who see that the bubble has passed and real estate will gradually warm up, so they lent out money to the richest man Li.
In this way, the richest man Li began to build houses, factories, buildings throughout Xiangjiang, build whatever is missing, and build what is needed.
By 1972, the real estate industry began to rebound. Due to the increase in population, the demand for houses was opened again. However, the richest man Li still rented and did not sell them. The rent alone reached HK$4 million every year.
From then on, a Changjiang Industrial appeared in the real estate industry, which beat up all real estate in Xiangjiang. Li’s richest man also successfully listed Changjiang Industrial with this operation, and in just one day, the stock had doubled, which was enough to show the capabilities of Changjiang Industrial.
Chapter completed!