Seeing that the three Tony brothers were all slightly taken aback, Li Changsheng knew, Among his enemies, the only one who can spend so much money to buy his own life is Li Bancheng, who has a net worth of over 100 million. It is rumored that Li Bancheng is also the behind-the-scenes patron of a big society. And as for his younger brother Liu Luanxiong, in the 1990s, he was also the benefactor behind a certain society, But now it is 1979, and he managed to earn 100 million yuan, which has been cut off by Li Changsheng. That guy is now in a state of desperation and depression, and his relationship with Xia Bao Yongqin, who is married to him, is even tense. The most important thing is that he has no idea who cut off his money. Li Changsheng knew that Li Bancheng was going to pay to kill himself, so he wanted to get rid of Li Bancheng before he became the richest man again. I completely cut off Hu Li Bancheng's road to wealth creation, and replaced Li Bancheng's richest man! Some people say that Li Bancheng went to Beijing last year, so he can't be moved anymore.
According to Li Changsheng's understanding, Ji Bancheng actually formed a sightseeing group with Mr. Huo and other rich men who were far more powerful than him. It is said that Li Bancheng gave some advice beyond his limits and was ridiculed. Looking at Li Bancheng's life, although he went to the mainland earlier, he was the last among the richest people in Hong Kong to invest in the mainland but the first to withdraw. His shrewdness is disgusting! However, Li Bancheng went north last year, which was the most critical to his life. Last year was 1978, and Zhongwo decided to open up. This year is also a crucial year for Li Bancheng. Before 1978, Li Bancheng was only a middle-class rich man in Xiangjiang. In 1972, when the Yangtze River Group went public, Li Bancheng finally became a billionaire. However, in Xiangjiang at that time, Changjiang was only a second-rate real estate company, and there was a huge gap from a giant like Landmark. At that time, Li Bancheng mainly developed houses in the suburbs of Xiangjiang. In the core area like Central, Li Bancheng did not have a single site. At that time, Li Bancheng made a 10-year plan for himself, and he hoped to surpass Landmark in 10 years. In order to accomplish this goal, Li Bancheng took a detour, which is to use the power of the mainland. When the mainland was developed in 1978, many wealthy people were in a wait-and-see attitude. At that time, the richest Chinese man was the charter king, and he did not immediately return to the mainland to invest. According to the seniority and strength at that time, such an honor could not have fallen to Li Bancheng. However, those big-name rich men were unwilling to come, but Li Bancheng took the initiative to invite Ying. This trip to the mainland is Li Bancheng's first return to the mainland after being away from the mainland for more than 30 years. Returning to the mainland this time has become the key to Ji Bancheng's life. During this operation, Li Bancheng learned about the latest thinking of the high-level executives, which allowed him to understand the future development of Xiangjiang better than other Xiangjiang tycoons. At that time, Li Bancheng knew that Xiangjiang would definitely return. In addition, he also learned about the future development potential of the mainland, which made him successfully bet on the real estate market in the later Xiangjiang confidence crisis, and became the richest man in Xiangjiang.
In addition, the investment of 30 million for Shantou University spread the name of Li Bancheng in the mainland, and also gained him the favor of high-level officials. Because of this, Li Bancheng obtained the right to go directly to Tianting. So Li Bancheng also obtained some particularly valuable information. In the early 1980s, there was an energy crisis in the world, Xiangjiang's real estate plummeted, and the political situation was turbulent. Many Xiangjiang people have shaken the future of Xiangjiang. This crisis of confidence triggered a sharp drop in the Hong Kong property market and the stock market. At this time, Li Bancheng had already seen the situation clearly. He knew that with the support of the mainland, Hong Kong's property market would definitely pick up, and Hong Kong's economy would definitely develop in a good direction. So in the 1980s, Li Bancheng achieved great success by acquiring some British-funded enterprises, and then splitting their land resources to build housing estates. The four housing estates built by Li Bancheng managed to earn more than 20 billion yuan. Li Bancheng took advantage of the economic crisis to acquire companies and spin off assets with great success. Since it was the low tide period of real estate at that time, the difference in land price paid by Li Bancheng was also very small. Li Bancheng made good use of this cycle. Finally, after the real estate market recovered, he made a fortune. In addition, many British-funded companies were preparing to return to Xiangjiang at that time, and they were selling their assets on a large scale. Many people dare not take over because they can't see the situation clearly, but Li Bancheng has long been like a mirror. So he bought Xiangjiang Electric Lighting Company under Jardine Matheson at an ultra-low price. This company later became Li Bancheng's cash cow, with annual profits of several billion. At that time, the purchase price of Li Bancheng was only billion, and the market value of this company has reached more than 60 billion. Xiangjiang Electric Lighting Co., Ltd. was merged into the electric energy industry later, and became the third of the four pillars of Jibancheng's business. Li Changsheng still remembers that in 1978, the Xiangjiang Regal Tour Group went to Beijing first, and then went to many cities, inspecting many cities from the north to the south. They were invited by the mainland to return to the mainland to investigate investment. At that time, the mainland was preparing to open up, so the mainland invited these rich Hongkongers to come back for inspection. Afterwards, many Hong Kong tycoons invested huge sums of money in the mainland. Among them, Mr. Huo set up a hot spring hotel in Zhongshan, and Hu Yingyou set up Zhongguo Hotel in Yangcheng. However, what is surprising is that Li Bancheng did not invest at that time. It was not until 1992 that Li Bancheng invested 6 billion yuan in the Pengcheng Special Economic Zone to develop the Yantian Port project. So why did Li Bancheng return to the mainland in 1978 and wait until 1992 to invest? Li Bancheng is too smart, because in the 1980s, the investment situation in the mainland was still very difficult. Li Bancheng was unwilling to be the first person to eat crabs, because the risk was too great. Li Bancheng himself later said in an interview that in the 1980s, he actively invested in foreign countries, but not in the Mainland, because he did not want to earn money from the Mainland, and was worried that others would say that he came to exploit him. Ghosts believed his words, because at that time, he still didn't have much confidence in the mainland, so he invested his money abroad. Later, he was also the fastest tycoon in Xiangjiang retreated from the mainland. Li Bancheng withdrew from the mainland market in 2008 and invested all his funds in that ghost place in England. He is really cowardly. With the shock of Brexit, he didn't make much money. It was too early for him to withdraw from the mainland. If he left after 18 years, he could still make more money. It turned out that in that time and space, after the subprime mortgage crisis in 2008, Li Bancheng seized the opportunity to sell England’s infrastructure business and invested heavily in England’s electricity, natural gas, ports, trade and other businesses. According to incomplete statistics, Li Bancheng’s investment in England was about 400 billion. This is definitely an astonishing number. Many people even say that Li Bancheng bought half of England, but at least Li Bancheng is definitely one of the largest foreign investors in England. After so many years, is Li Bancheng making money or losing money?
According to CK Hutchison's 2021 performance report, England has become the largest single market for Li Bancheng's family business, accounting for 24% of revenue and 17% of profit. CK Hutchison made a global profit of billion last year, and England contributed about 8 billion. It seems that Li Bancheng is still making money in England, so it is the right investment in England. But doing business is not so simple. For example, you sold your house 20 years ago to start a business, and found that 20 years later you may not have earned enough money to buy the house back, so do you think you made a profit or a loss in this business? If your yield underperforms the market, you are actually losing money. Most of Li Bancheng's investment in England was obtained through the sale of Chinese assets. In other words, if Li Bancheng's investment in England does not achieve a better rate of return than that in Zhongying, then his investment will be lost. Although these infrastructure businesses invested by Li Bancheng have been generating profits in the past ten years, in fact, the valuation of these assets has not been greatly improved. In fact, given the current situation in England, Li Bancheng holds so many infrastructure assets, who would be willing to take over? After Brexit, the economy is even more difficult. After England's exit from the European Union, capital, manpower, and trade have all been affected. The European Union is England's largest trading partner, but the various resource exchanges between them are not so smooth. The lack of a large number of immigrants from Central and Eastern Europe has also left a huge vacancy in England's low-end labor market. There are also problems with the living supply chain in England. Under the influence of inflation and the energy crisis, England's economy will further slow down, which means that England's economy has already grown weakly, and now it will continue to decline The core of England's economy is the financial industry, and now London's attractiveness to global financial capital is also declining. Many large financial institutions are (Wang Qianzhao) transferring to Germany and France. Li Bancheng's assets in England are as high as hundreds of billions, and last year's profit was only about 8 billion, which means that the rate of return is only more than 1%, less than 2%. This rate of return is actually very poor. Li Bancheng insisted on investing in England, and now it is almost tantamount to tossing around. Most of the assets that Li Bancheng sold in the mainland were commercial real estate. In fact, although the real estate market is not good, commercial real estate is still good. The other big real estate giants in Hong Kong are all increasing their investment in commercial real estate in the Mainland. The rental income of Hang Lung and Sun Hung Kai in the Mainland is increasing, and the growth rate has greatly surpassed the Hong Kong market. If Li Bancheng hadn't sold these commercial real estate back then, the income today would definitely be better than in the English market. In fact, Li Bancheng did not do well in many commercial real estate in the Mainland, mainly because of his own problems. For example, the famous Century Plaza in the Shanghai Metropolis was a tall super skyscraper when it was tendered, but it turned out to be two buildings when it was finally completed. A small and poor office building. You must know that this project is the only commercial real estate project in Shanghai that combines three subway lines. Of course, in the final analysis, Li Bancheng's character of being on both ends of the two bow rats, in fact, the higher-ups have long known. If Li Changsheng can replace him as the richest man, and Li Changsheng is his own, wouldn't it be more valuable than Li Bancheng, who is at both ends of his head. .