Humans are social animals, part of a society. In most cases, a person's value is reflected in society. Therefore, in an era where economy reigns supreme, money becomes the standard by which a person is measured. This is an irresistible trend; only when a country's society develops to a certain extent and places greater emphasis on spiritual civilization and moral character will this situation change.
So, under this trend, it's not that an individual cannot succeed by fighting alone, but it will be very difficult, and somewhat against the tide of history. Therefore, if you cannot create an organization, then join one. If you have a problem, ask the organization for help. In Daxia Country, the best path for development is undoubtedly to become a public servant; they join the world's largest welfare organization. In regions like Hong Kong, it naturally means joining large enterprises and companies. There's a lot of truth to the saying, 'It's good to enjoy the shade under a big tree.'
He Zhengcheng is destined to not be subservient to others in this life, so he didn't choose to slog through years in a big company, coasting along, or desperately climbing the ladder. Joining Shanhai Capital and getting to know this group of people has many benefits; at the very least, his loan problem became easier to solve. After Ji Jiasheng made a call to an acquaintance, He Zhengcheng just needed to wait.
The final loan package was a 55 million Hong Kong dollar loan from HSBC, of which 15 million was used to offset the previous loan. Of the remaining 40 million, 39 million was converted into 5 million US dollars, and the remaining 1 million could be freely used. The interest that was originally due on the 15 million was deferred until this time next year. Moreover, it was converted into a three-year loan with interest paid first, then principal.
It was only at this point that everyone realized the He Family's original financial foundation was quite good. Of course, in the future, families with properties in Beijing, Shanghai, Guangzhou, Shenzhen in Daxia Country will all have good family wealth, with most being millionaires or even ten-millionaires.
"Your temperament is really bad, taking such a big risk to achieve your goal!" Chao Yang remarked.
"I don't think there's any risk. Even if we can't repay the loan at that time and the bank repossesses the hotel, we will still receive substantial returns in the future," He Zhengcheng knew history. Although eBay's later development was unremarkable, it still had a market capitalization of tens of billions of US dollars, and PayPal, which it nurtured, had a market capitalization of over a hundred billion US dollars.
"What if this company goes bankrupt, or its development falls short of expectations? Perhaps new competitors join, the company's major shareholder has an accident, or the manager runs into problems..." Chao Yang listened, still believing He Zhengcheng was stubborn.
There is a common logical fallacy in this world called 'survivorship bias.' In the business world, surviving companies are often seen as 'the legend of mir,' and their practices are eagerly emulated. However, many companies may have only survived due to accidental reasons. Only certain companies that can 'hang in there' until the end become the biggest winners. For example, Meituan, during the early stages of the 'Thousand Group War,' kept 'hanging in there' and eventually turned the tables because it spent less money.
We know successful companies succeeded, but it's hard to know why they succeeded. One can only say that times create heroes.
In a word, eBay could fail. Even though He Zhengcheng remembered this company as successful, his involvement actually increased the possibility of eBay's failure. However, since He Zhengcheng is the protagonist, well, you know... He Zhengcheng, lost in thought, didn't know if he had a protagonist's effect, so self-reflection was a must. Especially after Chao Yang took him to visit several cases of stock market failures and listened to others talk about their successes or failures, he truly realized that while successful people have attributes that inevitably lead to success, most successes are accidental. Not every graduate from a prestigious school, or a second-generation rich/powerful individual, can succeed.
"Especially that one, not long after 1997, he thought the Hong Kong Stock Market had a huge bubble, so he shorted the Hang Seng Index. But he went bankrupt before the Hang Seng Index fell. Every era has its group of lucky people, but the smartest are not necessarily the successful ones.
We all know that the Hong Kong financial crisis has actually ended by now, but before that, many people who tried to buy at the bottom couldn't necessarily enjoy the fruits of victory..." Chao Yang said.
There's no shortage of smart people in this world. Xue Liangjun Dao on Tianya Forum accurately predicted the rise of China's economy, with high accuracy in various forecast data. But this person was initially ridiculed, until later, the ridicules were 'whipped by reality.'
No matter how impressive you are, no matter how well you understand world trends, there's still a possibility of failure. It's just that the protagonist's probability of success far exceeds that of ordinary people.
A favorable wind lends its strength, sending me soaring to the clouds.
"Then why would Zhang Zhiyuan and Liang Botao support me?" He Zhengcheng didn't understand.
"That's what you call venture capital. They see the hope of results from you. Most of their investment in you is just a casual move; it costs them nothing, and if it succeeds, there will be rich returns. At worst, they gain a good subordinate," Chao Yang explained.
In this world, what you see and what you hear is not necessarily true, and there's no need to overly pursue the truth.
"No matter what their motives are, what's yours is yours. Try to make as few mistakes as possible," Chao Yang advised.
This mortgage loan was a done deal, so he had to go through with it. In the future, he still needed to be careful. He didn't need to be a gambler, and he should never be one.
On Monday, September 7th, the Hang Seng Index opened high and continued to rise. Throughout the day, it surged by 10%, closing at 7900 points. Based on his entry price of 6850 points, He Zhengcheng once again reaped a profit of 2.1 million.
That day, Father He, He Wenxuan, returned to Hong Kong, waiting for the final signing.
He had expected him to ask many questions, but unexpectedly, after a brief understanding of a few things, he stopped asking and instead chatted with Tan Yingyao about his experiences in the mainland.
"In the mainland, while there are chain economy hotels, there isn't a nationally recognized brand; at most, they are regional. If we can establish a chain hotel that is well-known throughout Daxia Country, it will certainly attract a lot of business. It would be best to cooperate with large enterprises, which would both reduce their expenses and facilitate reimbursements. The mainland truly has a vast market! If I had gone there a few years earlier, our family might be even better off!" He Wenxuan exclaimed.
"Our family is doing very well now!" Tan Yingyao replied.
"But you suffered!" He Wenxuan said.
"I don't feel like I suffered when I'm with you!" Tan Yingyao responded.
He Zhengcheng really couldn't stand his parents' constant displays of affection. Why hadn't he noticed it before?
Going back to his room to sleep, he had only exchanged a few emails with Zhi Ling, receiving one or two. This showed that the internet wasn't very widespread in Canada either. This era was truly backward; he really missed the beautiful and lovely young ladies on Douyin.
The next day, the Hang Seng Index continued to rise, though the increase was smaller. After closing, the Hang Seng Index peaked at 8320 points, closing at 8290 points. He Zhengcheng exited at 8250 points. The final settlement showed a profit of 2.8 million. Including his principal, he had over 4.5 million, so he didn't need to worry about paying next year's interest immediately.
On the third day, the bank loan was ready for contract signing. After the contract was signed, the funds would be credited to the account the day after.
"I've never enjoyed a loan with such favorable terms," He Wenxuan sighed helplessly, signing his name. Different social strata enjoy different social resources. The wealthy undoubtedly benefit the most from a country's development. Some people believe that the money these individuals earn is entirely their own, to be spent as they wish, even donated to the entire world without leaving a single cent in Daxia. One can only say that those who think this way are refined egoists who haven't considered that it's the broader environment of the country and society that made them successful. For companies like Apple, which reap huge profits in Daxia, yet don't donate money during Daxia's times of crisis, cannot help improve China's technological level, and still have so many people chasing them – either their insight is insufficient, or they don't care, or it's their nature... Now that I think about it, the South Korea's people's love for domestic products has many things we can learn from.