478 Sumitomo Bank
Tokyo, Japan:
March is the month when Japanese cherry blossoms are about to bloom. With this unique beauty, a large number of tourists come from all over the world at this time of year. During this period, hotels in Tokyo are also the most nervous, especially on Friday.
Star-rated hotels are usually hard to get a ticket for.
The Prince Hotel, located in the most prosperous area of Tokyo, welcomed a group of Xiangjiang guests and contracted the top three floors of the hotel at one time. It seemed that they did not care about the stiflingly expensive price.
In the presidential suite, Xu Zhi looked out the window at some of the buildings in the bustling streets of Tokyo. In his eyes, these were not just buildings, but super machines that were about to print dollars.
This time I came to Tokyo to prepare for the upcoming Plaza Accord.
In the mid-to-late 1980s, the Plaza Accord caused the yen to begin to appreciate significantly against the U.S. dollar, with an increase of up to 100% within two years. At the same time, Japan's domestic stock market and real estate market also began to experience serious bubbles.
The Nikkei Index nearly tripled from 1985 to 1989, while the real estate market, as well as big cities like Tokyo and Osaka, grew by no less than 30% every year.
Later generations once collected data on the peak period of Japanese housing prices. The value of all buildings within one mile (1.6 kilometers) of Ginza in Tokyo exceeded that of the entire New York, and the total value of Tokyo exceeded that of the entire United States.
With a large amount of Japanese capital and too much cash in their hands, they went to the United States to buy buildings, landmarks, land, companies, etc.... At that time, Japan's slogan was to buy the entire United States and then rent it to the Americans.
From an ordinary person's perspective, a professor at the University of Tokyo at the time bought a piece of farmland in a remote place on the outskirts of Tokyo after his retirement for agricultural planting and research. By 1989, the development of Tokyo had not yet involved
This piece of farmland area, but many speculators took a fancy to this piece of land. After multiple bidding, the final transaction was 1.2 billion yen (almost 12 million US dollars). Before 1985, tens of thousands of dollars was enough for this piece of land.
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The crazy housing prices are evident.
What Xu Zhi has to do is to implement a buy-buy-buy policy before land prices reach a crazy stage before the Plaza Accord. As long as the location is in a big city like Tokyo or Osaka and Nagoya, anyone can invest.
Knowing that land prices will rise significantly, real estate development is the most profitable, but the Japanese market is not easy to enter, and it is also relatively repellent to foreign capital. This road is difficult to navigate. Even if you can get into the market through various connections, the scale
It is also difficult to expand. After all, local chaebols like Seibu Group will not welcome foreign investors.
But buying finished properties directly is not a problem. This is sending money to Japan.
However, even sending money requires the cooperation of a business partner, and Xu Zhi has already chosen one.
Murakami Yohei took a look at the time. It was still 5 minutes before 10 o'clock, and he had already been taken to the hotel conference room by the other party's bodyguard.
This meeting made Yohei Murakami attach great importance to it, even more than the meeting with the Japanese Prime Minister two years ago.
As one of the vice presidents of the Sumitomo Foundation, one of Japan's six major consortiums, Murakami Yohei is mainly responsible for the financial business of the consortium, which is Japan's most famous Sumitomo Bank.
However, although as a Japanese super consortium, its business has already spread all over the world, compared to the other five companies, the Sumitomo Consortium is far behind in terms of reputation and business scope.
In order to improve the bank's performance, especially its international business, bank executives have been implementing a policy of attracting international super-rich people. This time, Murakami Yohei, the bank's top leader, personally came to the Prince Hotel because he received a world-class
An invitation from a rich man.
"Hello, Mr. Murakami." Xu Zhi extended his right hand politely after seeing the visitor.
"Hello, Mr. Xu, I have heard of your name a long time ago. You are everyone's entrepreneurial idol in Japan." Murakami Yohei first bowed in Japanese etiquette, then shook hands and smiled.
"Please sit down." Xu Zhi smiled and greeted.
In Japan, large-scale real estate investment requires cooperation with local banks. This cooperation benefits both parties and can also avoid unnecessary troubles for investors.
The reason why we chose the Sumitomo Foundation is that among the six major consortiums in Japan, only Sumitomo is not involved in Xu Zhi's main business of electronics industry and real estate investment business. There will be no conflicts now or in the future.
The Sumitomo Foundation has three major businesses, the first is Sumitomo Bank, the second is Sumitomo Metal Industries, and the third is Sumitomo Chemical.
Except for its first business bank, the Sumitomo Foundation's business generally does not come into contact with ordinary people. It is a low-key type among many consortiums in Japan, but its strength is still very strong. For example, the Yokohama Shipyard under Sumitomo Metal Industries is currently the largest in the world.
One of the shipbuilding bases, a few years ago, the world's largest oil tanker "Oriental Giant" owned by Xiangjiang shipping king Dong Haoyun was built at Yokohama Shipyard.
After the two sat down and chatted for a few words, they quickly got down to business.
Xu Zhi said: "Mr. Murakami, I invite you here this time because I want to reach a cooperation with your bank!"
"What kind of cooperation?" Murakami Yohei's eyes lit up. He had known Xu Zhi a long time ago, and after being invited this time, he had done enough homework before coming.
Xu Zhi's assets are mainly divided into three parts. The first is Midea Electronics, whose games are almost in a semi-monopoly position in the international market. In the personal computer market, Midea's share is second only to IBM, and is the largest in the world.
The only personal computer giant outside the United States, Midea's performance in personal computer software is also very impressive. In addition, in the field of home appliances, Midea's scale is no less than that of some similar companies in Japan.
The second part is about the huge fixed assets in Xiangjiang, which were all acquired through acquisitions. The former Hutchison Whampoa, Land and Evergrande Real Estate Company, which owns a large amount of land in Xiangjiang, are involved in many industries. At present, this
Several companies were no longer satisfied with their achievements in Xiangjiang and began to expand significantly outwards, especially in the mainland. Many infrastructure investments came from Xiangjiang.
The third is the entertainment business headed by Disney, which also includes a large number of comic businesses, TVB Group, etc. in Asia.
The scale of these assets may not be as large as that of the Sumitomo Foundation, but the future is very promising. Many Japanese consortiums are also interested in cooperating with Xu Zhi. However, the other party's assets in Japan are not large and the opportunities for cooperation are limited.
Xu Zhi said: "I want to use my Midea company as collateral to borrow a sum of funds from Sumitomo Bank."
Chapter completed!