Japanese investors

Chapter 321
What made my grandmother fall in love with Miki Fujiwara in the first place was her positive heart and infatuation.After so many years, the other party still hasn't changed at all.It would be nice to let her officially become his grandson-in-law.

Grandma made a final decision in her heart, but did not say it clearly: "Just recently, the news said that the largest real estate company in mainland China showed its cards straight and came up with its financial report that had been delayed for 2 years, and the debt was as high as about 2.44. billion soft sister coins, which is more than 3000 billion US dollars.

Among them, more than 200 billion US dollars are from foreign investors.Miki, you are studying business at Waseda University.What do you think about this matter? "

Fujiwara Miki really didn't expect that she would ask herself such a question.Although I didn't have any preparations, I heard some talk from Kentaro Miyamoto.

Fujiwara Miki said with a serious expression: "In my personal opinion, this seems to have become an inevitable phenomenon in the process of a country's economic development.

In the early 90s, Japan experienced a real estate bubble burst.This incident has left a psychological shadow on many Japanese people.

Mainland China's economic growth has been rapid for about 20 years, and it is almost over.No country in the world can sustain high economic growth.

In other words, when it comes to real estate, there is no such thing as a rise but not a fall.If it only rises but does not fall, it is completely inconsistent with economic laws.

Not only is there a problem with real estate in mainland China, but also with real estate in South Korea.The explosion of all-rental housing in South Korea has led to a sharp decline in the entire property market in South Korea.

Even though Gangnam is undefeated, housing prices in Gangnam District, Seoul, have also shown a very obvious downward trend.As long as the global economic environment does not improve and the Federal Reserve, the European Central Bank and others continue to raise interest rates, I am afraid that there is still a lot of room for the property market to decline.

Even if the property market collapses, it is not impossible.This mainly depends on how the government responds.Japan took the initiative to burst the bubble and make a hard landing. "

The grandmother looked at her grandson and said, "Kentaro, tell me too."

Kentaro Miyamoto smiled and said: "Miki has finished talking, what else can I say?"

The grandmother scolded: "Why don't you care about this child? The Miyamoto family is the largest construction developer in Japan. Their business also includes real estate development.

What inspiration did this incident give you?Or rather, did you see something else from it?Such a tragedy must never happen at Miyamoto Construction. "

Kentaro Miyamoto said categorically: "No, it will never happen. As far as I know, the starting capital of the largest real estate company in mainland China is only 39 billion yuan.

It uses a lot of financial leverage and other means to carry out blind expansion.In my personal opinion, it is a desperate gamble.

This is not an afterthought.Among the unprecedented real estate companies in mainland China, this company does not exist.

From small to large, and then from big to strong, nothing happens overnight.After that, the key to this real estate company's sudden rise lies in the so-called going against the trend.

On the one hand, this is because foresighted real estate companies, such as Vanke, have already begun to reduce related direct development and investment in real estate, and even proposed that the good days of real estate in the future are over.

Vanke has strategically shifted its business focus, thereby increasing its focus on property management, old city renovation, unified housing rental, etc.In his view, this is the new growth direction of corporate profits in the future.

This will inevitably reduce competition among peers, especially when it comes to acquiring land.On the other hand, real estate companies are belatedly aware of the situation.They discovered something was wrong one after another, so they immediately launched various price reduction promotions to realize cash.To put it bluntly, before the ship sinks, jump out of the ship and escape. After all, the only way to have hope is to survive.Otherwise, it's all nonsense.

These real estate companies will inevitably acquire less land, borrow less from banks, etc., making land easier to acquire and cheaper.

Furthermore, this real estate company also made a major strategic mistake and chose to diversify its operations.From a global perspective, there are not many companies that have truly diversified their operations.

We, Miyamoto Construction, have been developing for so many years. Even though we have become Japan's No. 1 construction company, we still have not diversified our operations. "

Grandma listened to what he said so clearly, and smiled slightly: "It seems that you are still paying attention to related matters! It's not that we at Miyamoto Construction don't want to engage in diversified operations, but we lack such a leader.

Not only your father, but also many senior managers of Miyamoto Construction and shareholders have high hopes for you in this regard, right? "

Kentaro Miyamoto did not want to engage in specific business work, so he pretended not to understand and said: "I am a man who aspires to be an investor. Real estate investment has always been an option in the investment portfolio.

Even if you don't invest in real estate in mainland China or South Korea, there will still be individuals or institutions investing in real estate in the United States, Canada, Australia, Singapore... other countries.

However, I have never been interested in real estate.Because I am a senior fan of ACGN culture, I tend to set my main investment direction in the gaming and entertainment industries.

Whether the real estate market in mainland China is a soft landing or a hard landing has nothing to do with me.I have no investment in this. "

Grandma shook her head and said, "You kid, every time I tell you something like this, you just look away."

Kentaro Miyamoto was not joking and said: "My dad is still young and strong, and he will not have any problems if he works for another few decades.

Besides, he still wanted to continue working.If I really try to take over by force, it will be tantamount to forcing me to have an abortion, and things will become extremely complicated.

I don't want to cause discord between father and son.Grandma, it’s not like you don’t know that the relationship between my mother and I has long been on the same level.If father and son are at odds again, our family... well, let’s not talk about it anymore. "

Grandma saw that there were no outsiders here, so she confided in her heart: "It's not a high-sounding excuse for you. Are you so unwilling to take over?"

Kentaro Miyamoto smiled and said: "Am I not good now? It's not that I have no money, it's not that I don't have a career, and it's not that I have no direction."

Grandma couldn't help showing disappointment on her face and said: "No matter how many times I try to persuade you, you are still so indifferent."

Kentaro Miyamoto smiled unchanged and said: "I only have one life, and I just want to choose my way of living."

(End of this chapter)