Chapter 355: Borrowing trap caused by exchange rate difference
The concept of a commercial complex is not difficult to understand. In fact, it is nothing more than the integration of some elements together.

This is like Hutchison Whampoa and Hong Kong Land Development, which, in addition to operating office buildings, also run hotels and even restaurants.

Therefore, the "commercial complex" proposed by Li Changhe is actually a direct refinement of the ideas of some real estate companies, and then organized into a project.

Such a project sounds high-end, but there is one thing about it: it costs money.

"Boss, so our membership supermarket should be placed in this kind of complex, right?"

Wei Li said with enlightenment at this moment.

"Yes, think about it, people who often visit this kind of complex are generally our target customers. Such people don't mind paying fees to become supermarket members."

"After all, people who are careful with their budgets don't come to this kind of complex to shop, because our internal stores mainly sell high-end and high-quality products."

"This kind of commercial complex is an area that satisfies many people's one-stop needs for eating, drinking, and having fun, so people who come here come with the purpose of consumption. People who are careful with their budgets will not come to such a place."

Li Changhe said to Wei Li seriously.

"I see. In this case, we will have to find someone to design it professionally just for the design drawings."

Wei Li said excitedly at this time.

Compared with low-end chain convenience stores, Wei Li now feels that the concept of "commercial complex" proposed by Li Changhe is more to his taste.

This is a new real estate concept that combines real estate, hotels and commercial retail. Wei Li thinks this concept is particularly interesting.

He had a feeling that if this thing was completed, it might become a new landmark of Hong Kong Island.

"It's not as simple as just coming up with a design, Wei Li. What we need to do is inject our own elements into this commercial complex."

"For example, our complex uses geometric shapes to build its exterior. All of our complexes under construction can incorporate geometric shapes into their exteriors. In this way, geometric architecture will become the spokesperson for our complex. When the general public thinks of geometric architecture, they will think of our commercial complex."

“So this time, we are not looking for a designer who can simply design a set of drawings for us, but a designer who can inject our own unique elements into our commercial complex.”

"I recommend you contact an architect in the United States. His name is Ieoh Ming Pei. He is an Oriental who grew up in the United States. He is now a well-known designer in the United States. Most importantly, his philosophy is good at combining the East and the West, which may bring elements of display to our products."

"Of course, this is just my suggestion. You can also look for a few more European or American firms."

"I am also very familiar with Pierre Cardin of France. We are very good friends. If you need anything, you can also contact him."

Li Changhe said to Wei Li with a smile.

"Boss, are you talking about the fashion designer Mr. Pierre Cardin?"

As a British, Wery had heard of the name of Pierre Cardin. After all, the French fashion designer has always been famous in Europe.

"Yes, that's him."

Li Changhe nodded and said with a smile.

Wei Li looked at Li Changhe for confirmation, his face full of amazement.

But after being amazed, he shook his head and said, "Mr. Pierre Cardin is indeed an excellent designer, but in the field of architecture, I haven't heard of any outstanding works of his."

"Well, I will first contact the designer I.M. Pei you mentioned, and then find a few architectural design companies in the United States and Europe and send them our requirements."

"Well, in addition to that, you arrange for a few people to go to Japan and look for two products when they get there."

"The first one was called Arcade. It was an electronic machine placed on the roadside where you could grab dolls or play video games. The company was called Dadong or something. I forgot the details."

"Secondly, there is another product called karaoke, which is a public singing device that plays accompaniment and pedestrians can sing with the microphone. Find this thing out."

"These two are the most popular entertainment modes among young people. When the time comes, putting them in our commercial complex can greatly increase our appeal."

Li Changhe said to Wei Li again at this time.

At this time, Wei Li quickly recorded what Li Changhe said.

The boss is indeed a young man, and he has never heard of many of these things.

"Well, boss, I'll personally take some people there, and by the way, I'll take a look at the convenience store you mentioned, and then look for these two products."

Wei Li originally wanted to send two people over, but after thinking about it, he decided that he should go in person.

After all, there is also a convenience store project, and judging from Li Changhe's attitude, he seems to attach great importance to it.

"You might as well go there and take a look at the development in Japan. In fact, at present, I think many industries in Japan are at the forefront of the world, and some of them cannot be compared even in Europe and the United States."

"When you go there, take a look at the real estate market in Japan. If possible, it would be best to use our land channels to establish some relationships with real estate companies there."

"If we expand beyond Hong Kong Island, I think Japan could be one of the first tier countries we would choose."

Li Changhe said to Wei Li seriously.

"Are we going to Japan to develop real estate?" Wei Li was a little surprised when he heard this.

"This is just one of our choices to step into the world. Hong Kong Island is too small after all, and there are too many real estate companies. It is not necessarily a good thing for us to be crowded here."

"Japan's economy has developed rapidly over the past decade, with its annual GDP growth rate exceeding 10 percent. With such economic conditions, their domestic real estate market is bound to explode."

"This time you go, learn about the market, including their country's real estate policies, and see if there is any chance for us to intervene in their real estate market."

Li Changhe made up an excuse and said to Wei Li.

Now it is 1980. Let Wei Li go and explore the way. Then in the next one or two years, we can consolidate the relationship with the Japanese and try to extend the tentacles of the real estate slowly.

After all, real estate construction takes time.

By starting large-scale construction in 1983 or 1984, and then starting in 1985, Li Changhe could take advantage of the Japanese real estate boom and snowball his success.

He remembered that Japanese banks at that time encouraged lending massively. By then, Li Changhe would definitely build a Japanese version of a giant real estate developer for the devils and then give it to their company.

At that time, we will harvest a wave from real estate, and then harvest another wave from the stock market. Then, when the other side’s economy collapses, we will harvest another wave from Japanese companies, one after another. What great leeks!

However, this matter needs to be handled carefully and not too blatantly, otherwise if the Japanese high-ranking officials find out, they will really get angry and kill people.

So it is better to plan early and extend the timeline.

Moreover, there is another benefit now. At the beginning of the year, when Bao Yugang was helping Li Changhe transfer funds, he transferred 3 million US dollars to the book, and Li Changhe was surprised to find that at that time, the exchange rate of the US dollar to the Japanese yen was 300.
This is even lower than the exchange rate of the Japanese yen against the US dollar in the 250s that Li Changhe knew. After all, Li Changhe remembered that in 1, before the Plaza Accord, the exchange rate of the Japanese yen against the US dollar was yen to US dollar.

So Li Changhe decisively asked Bao Yugang to help him exchange US dollars into Japanese yen.

The Japanese banks had no objection to this because they were currently in the export stage of outward-oriented trade, and the US dollar was a global currency and was more important to them.

On the contrary, the Japanese yen is now just a national currency and is rarely circulated in the world. This is because Japan's financial sector is not open to the outside world and does not support the free circulation of the Japanese yen.

After this exchange, Li Changhe now has a deposit equivalent to 90 billion yen in Japan.

In fact, it was fortunate that Li Changhe made the decision early. Not long after Li Changhe exchanged the yen, the exchange rate of the yen against the US dollar began to appreciate. Now it has risen to nearly 220 yen to 1 US dollar.

Li Changhe kept part of the money in the bank, and for the other part, he had actually asked Weiers to send someone there and entrust a local real estate agency to help him buy a house.

The purchase location is mainly in the core area of ​​Tokyo, and other places are not considered.

However, this amount of funds belongs to his personal assets and has nothing to do with the property.

Individuals want to make a fortune, and real estate companies like Jardine Matheson also want to make a fortune in a fair and honest way.

Apart from anything else, if Swire Properties transfers its funds in now, even if it does nothing, its earnings will double when the yen appreciates and is converted into U.S. dollars.

"Well, I see. I'll go over there and investigate their real estate market to see if I can find a partner."

Wei Li nodded seriously.

"Well, that's all for now. I have to go out for a while, so I'll leave the company to you. If you encounter something particularly troublesome that you can't solve and you can't contact me, you can go to my uncle and he can help you."

"As for Wharf Holdings, we can continue to maintain a cooperative relationship in the future. I have already discussed this with Wharf Holdings' CEO Wu Guangzheng. If you need anything, just contact them yourself."

Li Changhe said to Wei Li at this moment.

"Understood, Boss!"

Wow, I originally thought that Jardine Matheson was gone and Hutchison Whampoa would have to fight on its own, but now, Wharf Holdings and Hutchison Whampoa still belong to the same family.

Moreover, Bao Yugang's relationship with HSBC is closer than that of Jardine Matheson in the past, and he has great influence internationally.

The Bao family has become the second Chinese "Jardine Matheson" in Hong Kong Island.

Wei Li couldn't help but sigh in his heart at this moment.

Li Changhe didn't pay attention to these, but returned to his villa in Deep Water Bay.

After a few days of repairs, the Deep Water Bay villa has been restored, and Li Changhe has officially moved out of the Peninsula Hotel and moved to Deep Water Bay.

Back in the study room of the villa, Li Changhe took out the manuscript paper and began to write seriously.

Analysis of the relationship between British capital and Chinese capital in Hong Kong

"Beware of the lending trap under the capitalist exchange rate differential"

"On the pros and cons of the capitalist real estate development model"

These reports were the economic analyses that he planned to submit to the top management after returning, especially the exchange rate difference. Li Changhe just remembered that Wei Li was going to Japan in person, so he thought of using Swire Properties' investment in Japanese real estate to induce changes in Japan's exchange rate difference to bring out the exchange rate difference issue.

It just so happened that Wei Li's trip to Japan this time could be regarded as a cover for his report.

　I would like to thank the netizen named Wang and two book friends Chunjiedi for their rewards. I bow my head in gratitude!
　　
　
(End of this chapter)