Lau Luen-hung is one of the richest people in Hong Kong, with a fortune of hundreds of millions. However, he also unfortunately encountered the dilemma of Evergrande's loss. As early as 2008, Evergrande rushed to list in Hong Kong, but unfortunately encountered a financial crisis, and the listing plan was forced to shelve. At that time, Evergrande was in dire need of funds for projects under construction, but was in trouble due to the inability to raise funds. In order to solve this problem, Xu Jiayin, under the introduction of the CEO of Emperor Group in Hong Kong, contacted a group of Hong Kong tycoons, hoping to persuade them to invest in Evergrande. Liu Luanxiong is one of them.
After a long period of communication and negotiation, Xu Jiayin finally raised 50.6 billion US dollars in strategic investment, while Liu Luanxiong invested 50 million US dollars in Evergrande. Since then, Liu Luanxiong has not only invested in Evergrande Real Estate, but also set foot in Evergrande Property and Evergrande Automobile. After Evergrande's listing, Liu Luanxiong was able to receive considerable dividend income almost every year. In 2017 alone, he received a dividend of 1.3 billion Hong Kong dollars, which can be described as a rich return.
However, between 2018 and 2020, Evergrande's share price suffered a continuous **, which caused Liu Luanxiong's investment to fall into the red. Although he didn't plan to sell ** at first, when the stock price fell too much, he had to find a way to cash out**, but unfortunately, it was too late. This made him end up losing a huge amount of more than 10 billion. However, if the dividend income over the years is taken into account, the actual loss may not be too much, at most only half of the loss.
Liu Luanxiong made it clear that he neither blamed his wife Gambi nor complained about Xu Jiayin's losses for Evergrande's losses. In fact, he has a long-term business relationship with Xu Jiayin, and it is not just a simple investment relationship. In 2015, Mr. Liu's company, Chinese Estates, disposed of a HK$20 billion portfolio of assets, which Evergrande was the receiver. Therefore, he believes that Xu Jiayin should not be held responsible for this investment loss.
In addition, Liu Luanxiong also mentioned the changes in Hong Kong's real estate market. Since 2015, Hong Kong's housing prices have begun to **, which has also made Liu Luanxiong suffer losses in Evergrande. Therefore, he believes that Xu Jiayin cannot bear this loss alone, and they are good brothers who have experienced difficulties together.
Through Liu Luanxiong's clarification speech, we can see that he did not have too much resentment about his investment losses, but faced them with an optimistic and tolerant attitude. Although he lost a huge amount of money in Evergrande, he still maintained a friendly attitude towards Xu Jiayin and believed that the other party should not be fully responsible for it.
For Liu Luanxiong, investing itself is an act of both risk and opportunity. Although he suffered a huge loss, he did not wallow in failure and remorse, but chose to face it positively and learn from it.
This also gives us some inspiration and food for thought. In investment and life, we can't predict what kind of changes and challenges will happen in the future. It is important to be able to face difficulties with a positive mindset and find solutions to problems when encountered. Whether in the investment field or on the road of life, we need to have the courage to face setbacks and failures and treat others with a tolerant attitude. Only in this way can we achieve better results in growth and development.
To sum up, Liu Luanxiong's clarifying remarks highlight his positive and tolerant attitude towards life, as well as his open-minded attitude towards investment and failure. We should draw strength from it, adhere to an optimistic attitude, have the courage to face setbacks, continue to learn and Xi and improve, and create a better future for our lives.