Through the wealth life

Chapter 643 Welcome to the Crash

The next morning, as soon as Li Guangyu arrived at the office, Gan Qin reported to Li Guangyu: "Li Sheng, just got the news that the Hang Lung Group has started to reduce prices to withdraw funds. With the beginning of the Hang Lung Group, I am afraid that in the next few days , All major groups will return funds by exchanging price for volume, so as to seek self-protection.”

Li Guangyu is very clear that as long as the large real estate companies are unable to stabilize, then the avalanche of the Xiangjiang property market will come. At this time, it depends on who can run fast. There is still some hope for the group that can withdraw some funds first. Sometimes I'm afraid I'll get stuck in it.

From 77 to 82, the property market, which had been brilliant for so many years, finally couldn't maintain it. This time, I don't know how many real estate companies in Xiangjiang will disappear.

Li Guangyu estimated that the property market in Xiangjiang would completely collapse by the beginning of next year at the latest, maybe even sooner.At this time, Hang Lung Group came to do this. Some groups are already in crisis, and they will definitely follow suit.

When the big groups are selling, those real estate speculators and small and medium-sized real estate companies will panic even more. In order to cash out as soon as possible, they will only list lower prices than the big groups, so as to snatch customers and expect their own Able to cash out as quickly as possible.

In this way, the price of the property market will continue to drop. Li Guangyu estimates that the property market is likely to fall back to the price in 77, or even lower.

After all, that time was just an economic crisis, and this time it is not just an economic crisis, but also some other factors.

Li Guangyu said, "Ganqin, go and inform the senior management of the two major banks and the senior management of the two real estate groups, as well as Ms. Li Xuemei, to hold a meeting in the third meeting room on the second floor at two o'clock in the afternoon."

Gan Qin knew that this was Li Guangyu's preparation for Xiangjiang's upcoming situation. Once Xiangjiang's property market collapsed, it would have a great impact on Xiangjiang. Xiangjiang's current economic development mainly relies on real estate, and all major groups in Xiangjiang are involved in the real estate industry.

Especially the Jardine Group, they are already heavily in debt. This time the property market has plummeted, and their Jardine Land Group is also facing a huge challenge, but I don't know if Li Sheng will continue to hit the Jardine Group this time.

Similarly, the crisis in the banking industry was not small. Gan Qin also learned a lot after working as Li Guangyu's assistant for two years.

Once the property market collapses, many banks in Xiangjiang will inevitably be implicated. This time, Li Sheng's purpose of notifying the heads of the two banks is probably for this reason.

Since Wing Hang Bank was spun off, this was the first time that senior management returned to Lee's Building to hold a meeting, which was enough to show that Li Guangyu attached great importance to this change.

Gan Qin knows that Li Guangyu has been preparing for this crisis for too long, and now that the big crash is finally here, although many people will be unlucky, after this time, the wealth of the Li Family Group will have a qualitative improvement .

The Lee consortium has prepared 100 billion Hong Kong dollars for the Wheelock Group this time for bottom hunting. If the price drops to half, they will be able to earn tens of billions of Hong Kong dollars in profits as long as the property market price rises to the previous level in the future. The rent is enough to support the expansion of Wheelock Group.

This time, not only the Wheelock Group, but also the Hengyu Supermarket Group will also carry out bottom-hunting.In other regions, Hengyu Supermarket Group's strategic storefronts are all purchased, and only the vast majority of Xiangjiang is leased.

After the property market bottoms out this time, Hengyu Supermarket Group will purchase all supermarkets and convenience stores to make the stores self-owned and reduce the group's operating costs.

Gan Qin admired Li Guangyu's insight into the future. As early as a few years ago, Li Guangyu seemed to know what was going to happen now.For this reason, in the continuous layout, now the harvest time is finally coming.

After Gan Qin responded to Li Guangyu, she went to her office to inform the executives of Wing Hang, Tianyu Financial Group and Tianyu Bank, and also contacted the executives of Wheelock Group and Star Property Group.

……

At two o'clock in the afternoon, after Li Guangyu arrived in the meeting room, he listened to Guo Qingya and Ma Wensong's report on the current situation of the property market in Xiangjiang.

Guo Qingya is currently in a very happy mood. Starlight Real Estate Group has collectively settled in Baodao, where multiple real estate projects have started construction at the same time. Only Wheelock Group has been resting for a whole year. Now it is finally time for Wheelock Group to show their talents up.

In the next month, the headquarters will transfer 100 billion Hong Kong dollars to its own group account for the bottom-hunting of the Xiangjiang property market.

At that time, the Wheelock Group will re-display its once glorious momentum and let the people in Hong Kong know that the Wheelock Group is still the same Wheelock Group, and that the Wheelock Group, which now belongs to the Lee Consortium, will be better than the four major foreign firms. The current Wheelock Group is even more tyrannical.

Li Guangyu said: "Qingya, you continue to pay attention to the changes in Xiangjiang's property market. At the same time, you need to exchange news with Starlight Real Estate Group and the two major banks, so that you can better understand the current situation of Xiangjiang's property market."

Guo Qingya replied: "Li Sheng, we will establish a communication mechanism to ensure that the information of the four companies can be shared in real time, so that each company can make decisions based on market changes."

This time, Li Guangyu was only incidental to the real estate company. It is not the time to buy the bottom. The most important thing at present is the bank issue. Even though Li Guangyu had already asked for it, the bank still gave loans to many real estate companies and individuals engaged in real estate. Less money.

There was no way around this matter. He had completed the procedures and met the bank's loan requirements, so Li Guangyu had no choice but to give him a loan.

Now that the property market is collapsing, Li Guangyu naturally wants to pay more attention to the bank and try to avoid large amounts of bad debts in the bank.

Li Guangyu said: "Qianwen, Feng Sheng, you two banks must be vigilant at this time, tighten loans, and at the same time conduct inquiries on large loans, and recover those that are due as soon as possible. Focus on monitoring those that are not due. , in case the company or individual goes bankrupt suddenly and the bank cannot collect the loan.”

Luo Qianwen said: "Li Sheng, since the September incident, Tianyu Bank has specially established files for customers with large loans, and has special personnel to monitor and track them to ensure that our loans do not lose money."

Feng Jingyao also responded: "Our Wing Hang Bank has also done this work, but because our Wing Hang Bank has been established for a long time, many of them are old customers, as long as they meet our bank's requirements, they have all made loans. In terms of loan business, it is bigger than Tianyu Bank in Xiangjiang, and I am a little worried about the situation of some families."

Li Guangyu did not blame Feng Jingyao for handling this aspect. Xiangjiang is a society of human feelings. These families have always cooperated with Wing Hang Bank. At that time, the procedures were complete, and Wing Hang Bank had no reason not to give loans to these families.

Now that the property market is collapsing, some people in these families must have a hard time, but when these families go bankrupt, the bank must recover the loans. Li Guangyu is not the Holy Mother, he will not use his own money to rescue these families .

At the beginning, Li Guangyu reminded everyone in Xiangjiang that the property market in Xiangjiang would be in danger in the past two years. Since these people didn't believe it, they had to pay for it.

Li Guangyu said: "Our bank's funds belong to the customers. We cannot be soft-hearted just because they have cooperated with us for a long time. When they have problems, those who should recover the loans must recover. This is responsible for the customers and also for us. The bank and itself are responsible."

Feng Jingyao said: "Li Sheng, don't worry, we will focus on it, and we will definitely prevent the bank from suffering major losses."

……

(End of this chapter)