Chapter 968 Fishing
On the blue sea.
A luxury yacht is parked there.
Liu Tao and Huo Yingdong are fishing.
Huo Zhenting was responsible for pouring tea, and Huo Qigang was responsible for serving the fruit plate.
Huo Zhenting, who is 52 years old, is responsible for most of the Huo family's business. Even when Huo Yingdong retired, he remained behind the scenes and did not come to the stage again.
After all, Huo Yingdong is 74 years old this year. Time is not forgiving and his energy is limited.
Now Huo Yingdong no longer holds any position in the Huo family enterprise. He only has the title of the National Committee of the Chinese People's Political Consultative Conference and the permanent honorary president of the Hong Kong Chinese General Chamber of Commerce and the permanent honorary president of the World Chinese General Chamber of Commerce.
In addition, there are honorary titles from several universities.
Obviously, Huo Yingdong is already paving the way for Huo Zhenting.
Huo Yingdong has three wives and a total of 13 children, including 10 sons and 3 daughters. However, none of Huo Yingdong's children is particularly outstanding.
Even Huo Zhenting is just a middle-aged man!
There is a tradition in Xiangjiang of the eldest son. As Huo Yingdong's eldest son, Huo Zhenting must be the next generation head of the Huo family and inherit most of Huo Yingdong's assets.
As for Huo Yingdong's other children, they will only inherit a small amount of Huo Yingdong's assets.
Of course, for the now huge Huo family, which controls astonishing wealth, even a small amount of assets is enough to make each of their children a billionaire.
Huo Qigang was the eldest son of Huo Zhenting and the eldest grandson of Huo Yingdong. He was the eldest grandson of the eldest son. He was born into wealth and had a noble status.
Huo Qigang, who is now 18 years old, has appeared in some cocktail parties since he was 15 years old and began to be exposed to the market. In September this year, Huo Qigang went to Southwest Associated University to study.
Huo Yingdong loved and valued Huo Qigang, the eldest grandson of his eldest son, and had been training Huo Qigang for a long time.
Huo Qigang will study for three years as an undergraduate at Southwest Associated University, then go to Peking University for two years as a graduate student, then go to Oxford University in the UK to study for a PhD for three years, and then work for a company in the United States for four or five years before returning to Xiangjiang.
Many people wanted to betroth their daughters to Huo Qigang, but Huo Yingdong was noncommittal and never nodded or expressed his position.
Huo Yingdong didn't signal, and Huo Zhenting didn't dare to make the decision on this matter.
Liu Tao naturally knew Huo Yingdong's plan. Huo Qigang's future wife would only be from the mainland, and she would not be an ordinary person.
At this stage, the Huo family no longer needs to marry other wealthy businessmen and wealthy families.
Even if it is a marriage, there is no need for the eldest wife and the eldest grandchild!
As the future heir of the Huo family, the eldest grandson must continue to move forward with the big ship of the Huo family, and at least stabilize the Huo family instead of the decline of the huge Huo family.
And this requirement cannot be met by wealthy businessmen and families in Xiangjiang, Nanyang or other places.
Huo Yingdong once joked to test Liu Tao's eldest daughter Liu Yingqing. Liu Tao smiled and said that he would not interfere in his daughter's marriage. He would respect his children's love and marriage, support their free love, and find their own happiness.
When it comes to his children, Liu Tao is very open-minded. He does not need his children to sacrifice their marital happiness to get married.
Marriage exists in the mainland, but how many people are truly happy?
There is more unhappiness, and now everyone is enjoying themselves.
It’s such a mess!
His situation is enough to protect his descendants for three generations. He may not be noble, but it is enough to ensure prosperity for three generations.
He also believed that even after his death, the country would allow his descendants to at least have food and clothing.
The fishing rod moved and Liu Tao reeled in the line, but it was a grouper weighing a full twenty kilograms.
"Haha, awesome, we are lucky to have this gentian!" Huo Yingdong gave Liu Tao a thumbs up.
Liu Tao smiled and said: "It seems that we are lucky this time. This gentian grouper can be eaten as much as one fish!"
After unhooking the fish and putting it in the bucket, Huo Qigang carried the bucket to the kitchen and asked the chef to kill it.
Liu Tao went fishing again.
"The Southeast Asian financial crisis has caused huge and serious damage in Thailand, Indonesia, Malaysia, Singapore, the Philippines and other places. Now people in Hong Kong are panicked, fearing that the Southeast Asian financial crisis will spread to Hong Kong." Fok Yingdong said, " There are also wealthy overseas Chinese businessmen in Southeast Asia who have suffered heavy losses there and are selling their assets in Xiangjiang to save the situation. Some want to get loans in Xiangjiang, and HSBC has a queue. "
Liu Tao smiled and said: "Yes, finance is so destructive. It can easily harvest a country's wealth without even using a single shot. Financial security is what everyone needs to pay attention to."
"Everything has pros and cons. Crises are both dangers and opportunities. Squeezing in some bubble water will be healthier and more conducive to the future development of Xiangjiang." Liu Tao's actions in Southeast Asia did not involve the Huo family.
The Huo family is an ally, but they are not the only ones, nor are they an indestructible ally.
The Huo family is the major shareholder of HSBC Bank. They have a lot of wealth and are the most wealthy family in Xiangjiang.
Huo Yingdong also sighed.
As the financial turmoil has caused huge and serious damage in Thailand, Indonesia, Malaysia, Singapore, the Philippines and other places, some Hong Kong investors have noticed the seriousness of the situation and foresee that Hong Kong may also be attacked.
The Hong Kong Hang Seng Index began to plummet after reaching its highest point of 17,150 points on August 7.
On August 19, due to rumors that investment institutions were bearish on the Asian market and exited the market, the Hang Seng Index fell sharply by 620 points;
On August 28, panic selling occurred again in the market, and the Hang Seng Index plummeted 660 points;
On August 29, the Hang Seng Index plunged 742 points again shortly after opening due to the rapid decline that triggered the program selling of institutional investors.
Now, the Hang Seng Index has fallen to 13,800 points.
In just over two months, the Hang Seng Index has fallen by 24.2%.
The interpretation of market experts is that this is a market panic caused by the impact of the Southeast Asian financial crisis. The overall economic market of Hong Kong is still very good and can support Hong Kong's continued development and progress.
But Ho Ying-tung has already smelled a very dangerous atmosphere.
Southeast Asia is a major market for Hong Kong's exports. Southeast Asia has encountered a financial crisis and economic downturn, which will inevitably affect Hong Kong's exports. Hong Kong's real economy has been affected, which will inevitably affect Hong Kong's classics.
Ho Ying-tung is naturally aware of the problems in Hong Kong.
As labor costs continue to rise, many companies in Hong Kong have been leaving Hong Kong and heading north in recent years.
So far, Hong Kong no longer has textile and shoemaking industries, such as Walkman, CD, DVD, CVD, etc. They are no longer in Hong Kong, and have all been moved to the mainland.
Even Huaxia Motorcycles will move most of their production capacity out of Hong Kong, leaving only high-end motorcycles.
Similarly, the Huaxia Automobile Factory in Hong Kong no longer produces low-end and mid-end cars in Hong Kong, but only high-end cars.
Many industries are moving north.
As for the originally suppressed housing prices, they are constantly being hyped up.
Even if the Hong Kong government builds batches of low-rent housing, it is useless!
