Chapter 168 Old Chen, who loves helping others
On July 7, 22 taxi groups and 18 car dealerships in Hong Kong Island, Kowloon and the New Territories
They joined forces and made a big news.

Among them, one of the more active activists is of course You Bingwen, who has only been in the industry for a short time.

Ever since the gentle and humble Lao You started his business, he has become even more shrewd and treacherous than many long-time car dealership owners.

Fang Hexuan didn’t know whether this was a good idea or not, but he couldn’t refuse You Bingwen’s original wish to “be self-reliant”.

These groups and car dealers have formed a "Joint Committee Against Increase in Taxi Licenses".

To put it bluntly, it is to use the power of the industry to force the Hong Kong government not to introduce new competitors.

The so-called taxi groups are actually several small groups spontaneously organized by license owners.

Of course, this does not include Fang Hexuan, the largest taxi license owner.

He did not get involved in this matter because the way he spent money was too ugly and did not match his status as the richest man.

Moreover, he knew that the total number of licenses had not increased in the following decades, so why bother getting involved in this mess?
Isn’t it great to eat melons, watch the show, and reap the benefits at the same time?

As for why You Bingwen is so keen to participate, of course it is because he now owns the largest car dealership in Hong Kong.

His taxi company currently has the right to use 5705 license plates.

These license plates were bought by Fang Hexuan and then rented to him.

Not only does it own the most taxi licenses, it also owns the most Crown taxis, making it the largest taxi transport company in Hong Kong.

The company that was originally ranked first dropped to second place in just over a month.

They had no way to resist because there was a giant standing behind You Bingwen!

Fang Hexuan sometimes thought that this was very ridiculous.

Hong Kong is such a small place, but when the rich have money,

There has been no proactive approach to promote the development of emerging industries, nor has there been large-scale overseas expansion.

However, by only engaging in monopoly and land grabbing in one city, the result is that the fish pond is becoming less and less vibrant.

This so-called "Joint Committee" also wants to monopolize Hong Kong's taxi service. No wonder later tourists generally evaluate Hong Kong's taxi drivers as having poor service attitudes.

On August 8, a breaking news came from the Hong Kong real estate industry.

A Hong Kong consortium led by the Carrian Group acquired the old wing of the Miramar Hotel for HK$28 billion, setting a record for the highest price in global building sales.

When Fang Hexuan heard the news, he just smiled and said nothing.

Chen Songqing is now playing bigger and bigger. He not only cheated shareholders, but also framed many financial groups.

However, Mr. Fang understands his approach very well.

After all, Lao Chen’s current situation is not very good.

Before Jianing Investment acquired Mei-Han Enterprise, Chen Songqing began to hype himself and his company.

After the successful backdoor listing, his hype became even more intense and crazy.

This is also the main reason why the stock price of Mei Han Enterprise rose from the initial HK$1.5 to the highest point of HK$17.9.

In fact, HK$17.9 is far from the stock price limit that Chen Songqing expected.

This person is extremely smart, bold and careful, but he is just unlucky.

If it weren't for the three fatal factors of the oil crisis, Reaganomics and the negotiations between the two countries,
The share price of Jianing Investment will definitely continue to rise, and Chen Songqing can also pump enough water through this listed company.

Then the money raised from the stock market will be invested back into the real estate market.

If house prices go up, he will be able to recover his investment and make a lot of money, and then pay off the large amount of money borrowed from the finance company and the bank.

It can be said that without interference from external factors, his business logic can be closed-loop and self-consistent.

But now, Chen Songqing is unable to raise the share price of Jianing Investment in the face of a bad environment.

What he can do now is to continue to act and maintain the confidence of shareholders, the market, and investors through large transactions. Without this confidence, his Jianing Empire will collapse in an instant.

Although Fang Hexuan sympathized with Chen Songqing, he was still very grateful to Old Chen for his spirit of helping others in times of troubled times.

His Wanda Real Estate will definitely develop the hotel business. Currently, apart from a Hilton Hotel in Central, it does not have any high-quality hotel assets to show off.

But the Miramar Hotel is different. Although it was founded by Hong Kong people themselves, it is also a high-end hotel in Hong Kong.

Once the Jianing Group encounters a crisis, Fang Hexuan can take advantage of the situation to intervene and acquire Miramar at a lower price.

Fang Hexuan had actually been thinking about whether or not to detonate the Jianing crisis in advance for a while, but he hadn't made a decision yet.

If it explodes prematurely, it will be good for you, but it will also be bad for you.

The downside is that it will offend Chen Songqing, making this guy desperate and ultimately doomed to failure.

Then the assets he wanted to get from Lao Chen might be in vain.

It seems that I still need to find an opportunity to confront Chen Songqing and have a good talk with him.

The only fear is that this person doesn’t want to leave Hong Kong.

Even though he went bankrupt and faced imprisonment, Chen Songqing of later generations did not choose to flee Hong Kong.

It would be perfect if I could persuade Chen Songqing to cooperate with me and then escape overseas.

On August 8, the Hong Kong government’s Department of Health announced that medical staff had discovered a case of cholera.

Due to the large number of tourists and business people entering and leaving Hong Kong every year, a large number of foreign viruses are introduced.

This time the cholera cases came from abroad.

When Fang Hexuan saw the message, he returned to 12 Barker Road.

My mother, Lu Qiaoling, is already pregnant with a big belly. The doctor said that she will be able to give birth in more than a month.

Therefore, Fang Hexuan was worried that something might happen to her at this time, so he came back to remind her to go out as little as possible.

As for Fang Luoyi, there's nothing we can do about it, she's still working at Watsons.

I was not used to it during the first few days at work, but after half a month, I was almost used to it.

Fang Hexuan didn't give her any care, otherwise, such an experience would be meaningless.

He directly told the manager of the Watsons branch to treat his sister as an ordinary employee, or at best as a high school student doing part-time work during the summer vacation.

Fang Luoyi is also a cunning person. She knows that her brother will not let her have an easy time.

So, she simply dragged two female classmates from St. Stephen to suffer with her.

At least, she should be more balanced in her mentality.

On August 8, the Hong Kong dollar exchange rate hit a new historical low.

On that day, the exchange rate of the U.S. dollar to the Hong Kong dollar had reached 1:5.96, and was about to break through 6.

With the strength of the US dollar, the signal that Hong Kong stocks are turning bearish is becoming increasingly clear.

On August 8, a major fire broke out in Anle Village, Sau Mau Ping, and another large area of ​​wooden houses was burned down.

The fire left more than 5500 people homeless.

Fang Hexuan was too tired to complain. Although he sympathized with the lower classes in Hong Kong, he was powerless to do anything about it.

The only thing we can do is to donate money, just like we did in the previous times.

　Thanks to Milk Coconut Puff_Yankee 1901 and Ben Xiaozhu for their recommendations!

(End of this chapter)