Through the wealth life

Chapter 646 Shen Bi's Situation

Li Guangyu had never thought of immigrating. Since he was a native of Xiangjiang and lived in Xiangjiang, he did not want the future citizens of Xiangjiang to be full of despair for the development of Xiangjiang, and he did not want some chaos in Hong Kong due to the poor economic development in the future.

He knew very well that at a time when the major families in Xiangjiang were mainly engaged in real estate, he would offend some people by saying this.However, he doesn't care too much about it. At present, Li Ka-shing, Lee Shau Kee, Guo Desheng and Zheng Yutong are all his allies.

These real estate groups have also begun to open up markets outside, and the Xiangjiang market is not as important to them as before.No matter how you develop Xiangjiang, the population and area are a big flaw. Compared with other regional markets, the gap here is still too far.

And it's a question of whether those who are dissatisfied with Li Guangyu can survive this crisis.

High housing prices will only obliterate the ideals of the younger generation. When they are numb to the future, there will be no hope for the future of Xiangjiang.

Li Guangyu also hopes that the major families in Xiangjiang can develop in finance, trade and service industries, so that the three major industries are enough to support the future development of Xiangjiang.

House prices in Xiangjiang will definitely rise in the future. This is an unavoidable situation. Li Guangyu only hopes that the big families in Xiangjiang will not put too much profit of the real estate group in Xiangjiang, and other regions can also develop their own real estate groups.

Although Li Guangyu had a good idea, it was a pity that it was difficult to realize. Not everyone had the courage to go out, especially the real estate industry. If there is no relationship in this area, it is difficult to develop.

Just like Li Ka-shing, Lee Shau-kee and others, if Li Guangyu had not already had a good relationship there, how could they be willing to reduce their investment in Hong Kong and transfer to the Japanese market?
After Li Guangyu's speech, Shen Bi made a speech on behalf of Hong Kong's financial circles.

Shen Bi said: "Xiangjiang's current industry is too single, which makes our ability to resist risks very weak, which is not conducive to the stability of Xiangjiang's economy."

"Take our HSBC loan business as an example. From 78 to June this year, the proportion of our bank loan funds flowing into the real estate industry has been increasing year by year. Last year, this proportion was the most terrifying. Last year we counted , The inflow of funds into real estate accounts for 85% of our loan funds, which is enough to see some of our current conditions in Xiangjiang.”

"This time the property market crashed, I know very well that some banks are having a hard time. At this time, I hope that all banks can remain cautious and avoid turmoil in the financial industry in Hong Kong."

"I agree with some of Li Sheng's views just now. As the third largest financial center in the world, Xiangjiang can tap its potential in this area. I also hope that the government can give us more supportive policies so that we can develop financially. There's more energy."

Shen Bi didn't care about the trade and service industry mentioned by Li Guangyu. He hoped that the government would support the development of finance more. He is also mainly engaged in the financial industry at HSBC. The benefits of this aspect will be of great help to HSBC.

Shen Bi is very clear that this property market crash is just the beginning, and the banking industry will be a bigger storm next. As long as a fuse is lit, it is unknown how many banks will fail in this round.

He himself has a lot of bad debts at HSBC. Fortunately, HSBC has a big business and can resist it.The middle and lower banks in Xiangjiang will be in trouble. As long as there is a little news, coupled with the run on by the citizens, these banks will only face bankruptcy and liquidation.

Now if anyone can save these banks, it is only the Lee consortium. They have made tens of billions of Hong Kong dollars in the stock market this time, and with their profits this year, they will have 500 million if they don’t have 400 billion in cash. [-] million.

As long as Li Guangyu wanted to save them, there was no possibility of bankruptcy of these banks in Xiangjiang.

But Shen Bi knew very well that it would be good if Li Guangyu didn't make trouble this time, and it was a dream to let Li's consortium come out to pull everyone ashore.

Just like the real estate market in front of us, as long as the Li's consortium is willing to support the bottom line, it will definitely not drop so fast, nor will it drop so badly.

Li's consortium and its interest groups have been selling and selling since the beginning of the year. On Xiangjiang's side, the scale of investment has been decreasing in the past two years.

Last year, it was claimed to invest 65 billion Hong Kong dollars to build a new group building, which was just a slogan. At present, it has not even purchased land.How can such an approach give confidence to the middle class.

Shen Bi didn't know what Li's consortium and its interest groups were planning, and kept shouting slogans, optimistic about the future development of Xiangjiang, and the group would increase investment in Xiangjiang.

However, the approach is quite inconsistent. The Li's consortium is constantly exploring the market in Southeast Asia and Taiwan, and his allies have also been exploring the Japanese market in the past two years.

The market on the Xiangjiang side seems to have been forgotten by them. In the past two years, these groups have not taken any piece of land in the land auction.

Now they can sit back and watch the situation. The collapse of the property market has made them a lot of money in the stock market, while their own banks are facing a crisis. Shen Bi feels unhappy thinking about this for a while.

He is very clear that the Lee consortium and its interest groups have never given up on the right to issue banknotes in Hong Kong dollars.This time, once there is turmoil in Hong Kong's finances and the major banks in Hong Kong need to stand up to stabilize the situation, the Lee consortium will definitely discuss the issue of the right to issue banknotes in Hong Kong dollars again.

Once the financial situation is not optimistic at that time, the Hong Kong Financial Management Authority and the British government are likely to use this condition in exchange for the Lee Consortium to help the government stabilize the financial situation in Hong Kong.

What makes Shen Bi even more uncomfortable is the internal problems of HSBC. With the rise of Tianyu Bank under the Lee consortium in recent years, HSBC has continuously lost the business of Chinese families. The bank's profitability has gradually declined in recent years. Shareholders are already somewhat dissatisfied with him.

Once there is turmoil in Xiangjiang Financial this time and HSBC suffers relatively large losses, he is likely to end his tenure at HSBC for decades.

This is also the reason why he supports Li Guangyu's proposal that Xiangjiang should focus on developing the financial industry. Only by making this market bigger can HSBC achieve greater development and solve the current crisis.

After Shen Bi's speech, Bao Yugang, Li Ka-shing and Henry Keswick also made speeches one after another.

Regardless of Bao Yugang or Li Ka-shing, both of them have trading companies, and they focus on trade, talking about Xiangjiang's various advantages in this regard.

As for real estate, these two bigwigs didn't mention it. Their main business is the real estate group. They are not like Li Guangyu. Even if they don't develop the Xiangjiang market, they can still develop rapidly. Their focus is still here.

Although they will develop other markets in the future, they will not give up on the Xiangjiang market.Of course, they will never be the first to be the first bird. In the future, they will only follow the trend when the housing price rises. Not only in Xiangjiang but also in other regions.

Henry Keswick is really worried now. During this period of time, he has been raising money everywhere again. He must plug the hole in the Jardine Land Group, otherwise there may be a thunderstorm.

At the meeting, he talked about the contribution of the real estate industry to Hong Kong's economy, and hoped that the government could introduce some policies to maintain the sharp drop in housing prices caused by political factors.

……

(End of this chapter)