Chapter 172 New Towns and Fluctuations in Stock and Foreign Exchange Markets
After leaving Boston, Fang Hexuan did not return to Hong Kong immediately.

He doesn't come to the United States often, so when he does, he definitely goes to Silicon Valley to check out his several companies.

After spending three days in Silicon Valley, he took time to go north to Seattle to see what Microsoft was doing.

This future giant technology company, after being deeply tied to IBM, also acquired Fang Hexuan's 86-DOS and was instructed to develop an operating system with a GUI.
Today's development momentum is as strong as a rainbow.

Except that 34% of the shares were shamelessly taken away by an outsider, Mr. Fang, other aspects were not much different from the original time and space.

But the shrewd Gates will not give up. Since he successfully teamed up with IBM, he has been trying to introduce new investors to dilute the shares of the second largest shareholder Fang Hexuan to below a safe value.

Although Fang Hexuan had reached an agreement with Gates before, he could continue to participate in the investment in subsequent financing.

But when signing the specific contract, Gates refused to specify the specific proportion of Fang Hexuan's additional investment.

To put it bluntly, you, Fang Hexuan, can make additional investments, and asking you to invest an additional $10 is also an investment.

Fang Hexuan is certainly aware of the tricks here, but he currently does not have many cards to force Gates to submit.

As Microsoft continues to grow, his influence over Microsoft and Gates will only get smaller.

However, from the very beginning, Fang Hexuan had no intention of controlling Microsoft. He had neither the ability nor the idea to do so.

Therefore, his mentality is very stable. As long as Gates does not go too far, he will just pinch his nose and acquiesce.

If Fang Hexuan still had a 95% stake in Microsoft by the time Windows 10 was launched, he would be very satisfied.

It's not that he has no ambition, but as an outsider, he can never compete with the entire American scientific and political circles alone.

When I returned to Hong Kong, it was already 9 days after I left.

On September 9, the Hong Kong government announced that it would spend HK$2 billion to develop Tseung Kwan O into a new town that could accommodate 1000 people.

Although this was a government plan that had just been released, people with some connections had already heard about it a long time ago.

This new town is actually all the areas that the Tseung Kwan O MTR Line passes through starting from Tiu Keng Leng Station.

There is no need to ask about Mr. Fang. As early as the next month after he bought the land for the film and television city and theme park last year, he bought a lot of land from the Hong Kong government.

Although it is not used for tourism development like film and television cities and theme parks, it is a pure commercial real estate project.

However, due to the distance from Tseung Kwan O Industrial Estate and the fact that it is located in rural areas,
So even though it wasn’t cheap when I bought it then, it was definitely much more affordable than buying it in September this year.

Wanda Real Estate acquired a large piece of land facing the sea on the south, which was later south of Baoyi Road.

This location is probably the real estate with the highest commercial value in the entire Tseung Kwan O new town. It is very suitable for building hotels, shopping malls, and high-end residences.

Even if it is not for commercial development, Fang Hexuan will build some residential buildings here.

It will be convenient for TVB to move into the film and television city in the future. Employees will not have to go back to Kowloon or Hong Kong Island, but can live in cheap and comfortable apartments here.

When some investors who are slow to react and always follow the policies released by the government find out,
After finding out that the best location in Tseung Kwan O had been acquired by Mr. Fang, the richest man in China, people were so angry that they stamped their feet, but they also had to admire his forward-looking vision.

Such examples appeared again and again, and many people found the pattern.

They stopped figuring out what to do and just stared at the richest man to see what he did.

Fang Hexuan has become an investment indicator, not just now or in a few years.

Instead, it was noticed by some people as early as 1979.

All I can say is that truly smart people are always a minority among the minority.

However, this matter has both advantages and disadvantages for him.

The disadvantage is that many of Fang Hexuan's investments are almost secretive, and without information asymmetry, there are fewer opportunities to make big money. The advantage is that he can indirectly control the stock market or market conditions through his influence.

However, Fang Hexuan rarely does this because it would damage his character and reputation in Hong Kong.

On September 9, Financial Secretary Richard Pang told reporters that the Hong Kong government does not intend to hoard land or reduce land supply, but will expand and sell more land.

This statement is undoubtedly a further blow to Hong Kong's land and property markets.

The two previous transactions have already made investors feel nervous. Now the Hong Kong government has said that it will not reduce land supply. Isn’t this indirectly suppressing the real estate market?

In fact, the Hong Kong government is also in a difficult position. If it suppresses it, it will lose a huge source of fiscal revenue from selling land.

If it is not suppressed, the crazy speculation in real estate will cause more problems, including impact on other industries and bring about many social problems.

But now, Fang Hexuan knew that the Hong Kong government had probably thought it through and let it fend for itself.

On September 9, the Chase Bank on Nathan Road in Mong Kok was robbed by robbers, resulting in a loss of more than 12 Hong Kong dollars.

To ordinary people, this may just be an everyday robbery.

After all, the community members that Hong Kong people come into contact with in their daily lives are so common.

They have really become desensitized to the illegal and criminal activities that may occur around them.

But Fang Hexuan looked more deeply.

The loss was only over 10 Hong Kong dollars, which shows that the robbers had certain criminal capabilities, but their strength was limited and could not constitute a gang crime.

Now is not a few years later, MacLehose has not yet stepped down, and the Hong Kong government's crackdown on criminal activities is quite severe.

Therefore, it is hard to believe that it was done by the Big Circle Boys or the Vietnamese gang.

This bank robbery was probably planned by Hong Kong locals.

The economic inflation in Hong Kong, coupled with export obstructions, has made life more difficult for ordinary people than ever before.

Coupled with rising interest rates, many people speculating in real estate are facing huge repayment and bankruptcy risks.

There are always some people who feel that it is necessary to take risks in order to solve the difficulties at hand.

On September 9, the Hang Seng Index fell more than 17 points in one day and was in danger of losing the 60-point mark.

从7月17日的1810.20最高点到现在的1512.4点，短短两个月，足足下跌了接近300点。

The decline of Hong Kong stocks has caused panic among many investors and even real estate speculators.

However, this is far from the end!
On September 9, the US dollar exchange rate continued to rise in the foreign exchange market. At its highest point, the USD/HKD exchange rate was 24:1, setting a new historical record.

The stronger the U.S. dollar continues to be, the faster hot money and wealthy people will flee Hong Kong's major investment markets.

Under normal circumstances, the depreciation of the Hong Kong dollar against the US dollar is definitely beneficial to Hong Kong's exports as an export city.

However, on September 9, the Hong Kong government's Statistics Department released data for the first eight months, showing that Hong Kong's trade deficit exceeded HK$26 billion, an increase of nearly 8% over the same period last year.

This shows that exports are actually shrinking.

Yes, this is an abnormal situation. Although the US dollar is strong, the economies of Europe and the United States are in recession.

　Thanks to Ben Xiaozhu for the recommendation!

(End of this chapter)