Chapter 342: Getting a Handful of Wool

When the Hong Kong government first announced that it would auction the land in Tin Shui Wai, Yuen Long, many companies in the Hong Kong real estate industry were eager to try.

Many senior executives from Wanda came to Fang Hexuan’s group office, trying to persuade the boss to get involved.

However, Fang Hexuan had already set the general development direction for his real estate company long before he founded Wanda, and it rarely involved in large-scale housing projects in Hong Kong Island.

Frankly speaking, his seemingly absurd decision not only caused complaints within Wanda, but also attracted ridicule from the outside world.

No one would put themselves in shackles while doing business. Moreover, this kind of business does not harm others or do anything immoral. No matter how you look at it, it is reasonable and legal.

Although the executives came to explain several times, Fang Hexuan just gave the same answer - this is my decision, if you can't accept it, you can leave!
Having said that, the executives gave up the idea, and some ambitious ones simply resigned and joined other real estate companies.

However, there are not many such people. After all, as the leader of the Hong Kong real estate industry, Wanda’s reputation is still a major reason for attracting talents to join.

Besides, Wanda just tries not to engage in residential projects. Other things such as commercial streets, commercial high-rise buildings, shopping centers, etc. are in full swing.

Moreover, the boss said that we can still expand to the mainland and develop residential buildings in the future, but we won’t do it in Hong Kong.

Fang Hexuan's iron-fisted ban coupled with appropriate appeasement finally calmed down Wanda Real Estate for a while, until news of the development of Tin Shui Wai came out.

There are three main reasons why this project has caused a stir among Wanda executives again.

First, the scale of Tin Shui Wai town development is huge and there are many opportunities.

Second, the land price in Tin Shui Wai is much lower than that in Kowloon and Hong Kong Island. Once the project is completed, the profit will even be higher than that of real estate development in prosperous areas of Hong Kong.

Third, there are many companies involved in the Tin Shui Wai project, and the risks are shared. Even if it is used by someone with ulterior motives to make a fuss about it in the future, the brunt of the impact will not be borne by Wanda alone.

The executives explained these three reasons to the big boss, thinking that he would agree, but Fang Hexuan still did not approve.

Just like that, when the Hong Kong government officially auctioned several plots of land in Tin Shui Wai, all the well-known real estate companies in Hong Kong participated in the auction, except Wanda.

Of course, the self-righteous people mercilessly ridiculed Mr. Fang, the richest man in Hong Kong, saying that he was the God of Wealth in Hong Kong and that he certainly looked down on the prosperity of Tin Shui Wai.

Some people who respect authority used their connections to find out why Fang Hexuan did not allow Wanda to participate.

This incident even made the news sections of many Hong Kong media at the time. TVB also invited officials from the Hong Kong government's Lands Department and experts in the real estate industry to analyze the reasons behind Mr. Fang's non-participation.

Fang Hexuan was also helpless at the time. He just didn't want to learn from Li Huanggua. Many years later, he was called a vampire by Hong Kong people. How could this lead to all kinds of messy interpretations?
As a reborn person, there are so many ways to make money, and he is not willing to ruin his reputation just for money.

Although he is not a gentleman, he is willing to abide by the rules of what he should and should not do.

Although the Hong Kong government has not officially announced the news, anyone with a little sensitivity should understand that the Tin Shui Wai project has not yet started and there is a very high possibility that it will eventually fail.

Among them, there is an opportunity for Fang Hexuan to make some money.

If the information reported by the red phone was true, there was definitely room for profit. 22.5 billion Hong Kong dollars, he remembered that the Hong Kong government had earned a total of more than 30 billion Hong Kong dollars from the land auction two years ago.

Two years have passed, and the real estate company that acquired the land not only did not make any money, but also lost a lot. If this news were made public, Hong Kong citizens and the media would probably deify Fang Hexuan again.

Look, almost all companies participated in the land purchase at the beginning, except Wanda, owned by the richest man Fang. Now it seems that he is worthy of being the richest man. His vision and judgment are so good that no one can compete with him.

To be honest, Fang Hexuan would rather not have the reputation of being a blind cat catching a dead mouse. How could he have known that the Hong Kong government would take back the land in Tin Shui Wai two years later? Who could know such trivial news unless they were Hong Kong locals or scholars specializing in Hong Kong?

All I can say is that he had already laid down, but his colleagues simply dug into the ground and buried themselves, allowing Fang Hexuan to win without any effort.

However, since everyone was vying to "praise" him, it would be a bit inconsiderate for Fang Hexuan to be polite.

After asking the intelligence center to send 20 Hong Kong dollars to the "Gray Pigeon" who provided internal information of the Hong Kong government in the name of a foreign trade company, Fang Hexuan called his personal investment consultant Luo Haorong.

Luo Haorong is 36 years old this year and has a very rich resume. He graduated from an Ivy League school in the United States and worked for Goldman Sachs, Merrill Lynch, and Stanley on Wall Street. He also worked in credit business at Bank of America and Citigroup. At the age of 32, he was poached by HSBC and returned to Hong Kong. Two years ago, he accepted a high-paying offer from Fang Hexuan.

He currently serves as Fang Hexuan's personal investment advisor and also serves as deputy director of Alphabet's investment department.

The investment team that had previously accompanied Fang Hexuan in spending huge amounts of money in the United States and Europe was a small department composed of him and several of his subordinates, which was directly responsible to the big boss Fang.

Fang Hexuan asked Luo Haorong to take a Cuban cigar from his desk, and asked his assistant to bring him coffee. Then he got straight to the point and said:
"Brother Rong, although I have money, the money I spent on this trip to the United States and Europe made my heart tremble."

Fang Hexuan made a self-deprecating joke, which made Luo Haorong smile knowingly.

Although he earned tens of millions a year, he watched his boss spend billions of Hong Kong dollars and tried to persuade him to do something about it, even though it went against his professional attitude.

It’s still quite interesting to hear Fang Hexuan regretting it now.

“So, after I returned to Hong Kong, I kept thinking about how to make back the money I spent.”

Luo Haorong did not give direct advice, but asked:
"Mr. Fang, what do you think?"

Fang Hexuan pointed at the other party while holding a cigar and said with a smile:
"Brother Rong understands me. Yes, I want to make some short-term operations in the stock market. I don't seek to make a lot of money, but I hope to recover some losses."

Luo Haorong also laughed. He took a puff of his cigar and said:
"So it seems Fang Sheng already has a goal?"

Fang Hexuan nodded confidently, handed a piece of note paper with a few lines of words written on it to the other party, and said:
"You should arrange to buy immediately. You don't have to be sneaky this time. You can buy more of the ones marked on my list. You can decide the exact amount yourself. I only ask for one thing: speed up and complete the position building within three days. The limit I give you is 50 billion Hong Kong dollars. I won't feel bad if you spend it all."

Since the boss was so open-minded, Luo Haorong felt relieved. He nodded solemnly and said:

"Okay, Mr. Fang, I will definitely satisfy you!"

······
(End of this chapter)