Technology company, I will become the light of China!

Chapter 493: Trillion-level debt, real estate companies collectively collapsed

"Team Leader, my computer has a blue screen."

"My computer also had a blue screen. A system update popped up just now, but before I paid attention, it automatically updated itself."

"Everyone, please be careful not to click on the system update, otherwise a blue screen of death will appear and the self-repair tool will be useless!"

"Pay attention to the preservation of information!"

"Damn it, the other side is using dirty tricks!"

In a certain building in Dragon Kingdom's Magic City, a large-scale blue screen threw the technical staff into chaos, and many managers rushed to tell others to update immediately.

After Xiao Gang learned the news, he immediately found the person in charge to ask.

"How much damage has the blue screen caused? Will it affect data intercommunication?"

Zhang Zhongyao's face was grim as he reported the situation: "All data has been backed up and nothing has been lost, but the progress has been delayed. It may not be possible to complete the interconnection of data among the three cities in two days."

"If we work 24 hours a day, can we try to open the market on the third day?"

Xiao Gang suppressed his anger.

They never expected that the United States would have such a dirty trick to play, but this also exposed the current problem of Long Country, that is, its operating system is overly dependent on Microsoft.

Not only China, but countries all over the world rely on Microsoft Windows system, which is also widely used in medical, railway, education and institutional units.

Want to avoid?

Basically impossible.

Although important units also use Windows systems, they will adopt multiple protection measures, such as advanced encryption technology, access control systems, deployment of firewalls, and the use of encrypted security software.

But this time the update jumped too quickly, and everyone thought it was a normal system update and didn't take it seriously. By the time they realized something was wrong, it was too late.

"Maybe, but I'm not sure." Zhang Zhongyao looked nervous.

"Since it is possible to achieve it, we should work hard. If this matter is delayed, the whole world will laugh at us."

"clear."

"Open the highest level of protection wall."

"Roger that!"

The data of the three cities are extremely large, and intercommunication is not an easy task, and it also involves the reform of rules.

For example, T+0 trading requires the use of high-frequency trading programs to simulate transactions to ensure that the stock market will not be paralyzed after the interconnection.

This is similar to the Taowu.com and Wang Dong platform in the past. During every shopping festival, they would inevitably lag or become paralyzed because of the excessive flow of people.

The same goes for the new stock market. It is necessary to ensure that it can withstand trading frequencies of millions or even tens of millions of times per second. Because it is T+0, buying and selling can be done at any time.

Don’t think that the trading frequency of tens of millions of times per second is exaggerated. Anyone who has seen the stock trading records of Microsoft, Apple, Amazon, etc. will know how terrifying T+0 is. Moreover, your counterparty is not a human, but a quantitative program.

The biggest feature of quantitative programs is that they can complete thousands or even tens of thousands of transactions in one second.

If ten institutions or hot money use it, that would mean 100,000 transactions per second. If Longguo cannot withstand the pressure brought by high-frequency trading, the whole world will laugh at it.

After getting a general understanding of the situation in the mainland, Xiao Gang called the village heads of the Securities and Futures Commission in Hong Kong and Formosa to inquire about the specific situation. The two said successively that this blue screen incident would not have a big impact on the data, but would delay the process of data interoperability.

Two days.

They only have two days.

Xiao Gang expressed his concern, and so did the two village chiefs in Hong Kong Island and Formosa Island.

After all, this is a major reform of Dragon Country's capital market. If anything goes wrong, it will be a loss of face for the country.

however.

The US’s tactics are not over yet.

The blue screen crisis has not yet been resolved, and major banks and financial institutions in the United States, including some international financial organizations, have published a list of overdue debts, which are almost entirely real estate companies from Longguo.

Xu Ying, who was still asleep, was awakened by the urgent ringing of the phone. He reluctantly picked up the phone on the bedside table and pressed the answer button.

"I'm Xu Ying, what's up?"

"Something went wrong, boss. International Funding wants us to repay the overdue debt and also charge a penalty for late payment as agreed in the contract."

"What???"

Xu Ying woke up suddenly.

Bai Shanshan, the head of the song and dance troupe lying next to him, also opened her hazy eyes. Before she could react, Xu Ying hurried to the study with the phone.

"what happened?"

Bai Shanshan muttered to herself.

She also picked up the mobile phone on the bedside table and checked the time. It was now four o'clock in the morning. It was not an urgent matter and it was impossible for someone to call at this time.

As the leader of the Hengda Song and Dance Troupe, Bai Shanshan is Xu Ying's right-hand man. It is no exaggeration to say that she has made an indelible contribution to the Hengda Group's current scale.

"Buzz-"

Suddenly her phone vibrated and there was a message on WeChat.

[Li Youyou]: "Sister Bai, something may have happened to the group. Foreign investors have collectively issued an announcement about our group's debts, the scale of which has reached hundreds of billions. Now the entire foreign network is buzzing with it."

Li Youyou is a close confidant cultivated by Bai Shanshan. He is usually responsible for collecting various information of the group and then reporting to her.

Why is the information collected?

Very simple.

Accompanying you is like accompanying a tiger.

If you want to please a man, beauty alone is not enough, you must have your own means.

Girls who are only pretty are nothing more than high-end vases. For people in high positions, the last thing they lack is vases.

Bai Shanshan naturally knew that if she wanted to avoid being replaced and continue to be favored, she had to help Xu Ying solve his problems, so she secretly handled many things.

In fact, Xu Ying was well aware of what was going on behind the scenes, which was why, even though there were many beautiful women in the chorus, he only favored Bai Shanshan.

Looking at the text message sent by Li Youyou, Bai Shanshan did not reply. Her heart was already in turmoil and her pupils were filled with shock.

Collective debt collection is going to drive Hengda to death!
Perhaps many people do not know the operating model of a real estate company, nor do they understand why Hengda Group can develop so rapidly.

The development history of Hengda is more of a history of loan leverage than a development history.

In the context of the era of large-scale infrastructure, land is equal to money. Acquiring a piece of land is equivalent to multiplying the profit tenfold.

Under this background of huge profits, how to acquire more land has become the top priority for real estate companies.

How do we get the land then?

Three words: throw money at it!
Borrowing money from friends, seeking bank loans, mortgaging assets, and signing gambling agreements are all daily operations of real estate companies. Famous real estate companies such as Hengda and Country Garden have also used another trick, which is to borrow money from international capital.

Driven by tenfold profits, how can international capital not lend?

It is clear.

The two hit it off immediately.

It was also during this period that real estate companies such as Hengda Group and Country Garden acquired large amounts of land and then made a fortune by building houses on the land.

Wang Jianlin of Wanda Group once said, "Tsinghua University and Peking University are not as good as courage." This sentence describes the real estate industry. As long as you dare to borrow money and get land, you can make money.

But as the group grew bigger, Hengda and Country Garden were no longer satisfied with real estate and wanted to do something else. The result is naturally predictable, which is a complete failure and almost all of the accumulated working capital was lost.

In recent years, due to economic deflation and a downturn in the real estate industry, the cash in Hengda Group's account is less than 10 billion yuan.

If the creditors come collectively to collect debts, Hengda Group will not be able to bear it and its capital chain will be broken instantly. This is why Xu Ying is panicking. He is really scared this time.

Bai Shanshan knew the inside story, so she was a little panicked at the moment.

She knew Hengda's cash flow situation. Even if all assets were discounted, it would only be enough to repay a small portion of the debt.

"Something happened. What should I do?"

As a woman, besides being afraid of Hengda Group's capital chain being broken, she is even more afraid of losing Xu Ying.

This is a bit like the eunuch party in ancient times. When the emperor was in power, all civil and military officials were willing to give them face.

But if the emperor is gone and a new one takes his place, the eunuch party will be completely liquidated, because these people's power comes from the emperor, and if they fall out of favor, their power will disappear in an instant.

……

Xu Ying in the study was sweating on his forehead. He asked anxiously, "Why are you being chased for debt all of a sudden? Didn't I tell you to tell them that I'll pay back part of it after a while?"

"I... I don't know either. It may be related to the data exchange among the three cities, and the listing of companies such as Longxing Group, ByteDance, and Xinjiang Technology."

"what?"

As soon as the person on the other end of the phone finished speaking, a thousand horses galloped through Xu Ying's heart. How many things happened during the time he was sleeping?
"Longxing Group is listed, and ByteDance and Xinjiang Technology are also going to be listed. This is to deeply develop the capital market."

"Why is it so sudden?"

"How come there is no news at all!"

Xu Ying was extremely panicked.

But he couldn't show it, so he asked in a surprised tone: "What does it mean that the three cities can share data?"

"The mainland A-shares, Hong Kong stocks, and Formosa stocks have been reorganized. Except for the Hang Seng Index and the Weighted Index, all other indexes have been cancelled and the Golden Dragon Technology Index has been added."

"Oh, right."

“The new stock market still uses T+0 trading.”

The moment he finished speaking, Xu Ying's heart died completely.

He finally understood why foreign investors suddenly came to demand repayment and made public the debts owed to them by Hengda Group. It turned out that it was not to ask for money, but to strike back at Longguo enterprises, or in other words, to strike back at Longguo real estate.

"How much money do we have left?"

Xu Ying asked in a low voice.

"There is less than 100 billion in the account. If all the assets are sold, maybe 2000 billion can be raised, but it is far from enough to fill the hole."

"Damn it, it happened at this time." Xu Ying couldn't help but curse, he was completely unable to hold it in any longer.

If this incident had happened half a year later, he could have slowly reduced his debt, but it happened suddenly and he was not prepared at all.

If all of Hengda Group's debts were disclosed, he couldn't imagine how huge the astronomical figure would be.

"I see. Let's talk later."

Without waiting for the other party to speak, Xu Ying hung up the phone.

He raised his cell phone and was about to smash it to vent his anger, but when he thought of the important information on his phone, he put it back in his pocket, then overturned all the books, desk lamps and computers in the study. Everywhere he looked, it was a mess.

When disaster struck, he finally realized how far-sighted Li Jiacheng was.

He bought up the real estate in Hong Kong Island at the bottom and was the richest man for more than ten years. When the real estate in the mainland was booming, he sold off a large amount of properties and had a lot of cash.

Xu Ying used to think that he was a coward, but now it seems that he was the fool who didn't know how to retreat while the going was good and take the money home.

Tonight is destined to be extraordinary. Not only Hengda Group and Country Garden, but also the CEOs of real estate companies of all sizes are suffering from insomnia. Some of them have already begun to prepare how to fill the holes, while others want to run away.

Li Jiacheng, who was sitting firmly on the throne, held a family meeting. Li Zekai sat opposite him, and the other children also perked up, waiting for their father to speak.

"Just read the news."

Li Jiacheng looked at the tablet on the desktop.

Since there are no restrictions in Hong Kong, you can browse foreign websites freely.

The tablet on the desktop is the balance sheet of Longguo Real Estate Company published by Twitter, among which Hengda Group ranks first.

"So much debt?"

"Why is it so sudden?"

"How come Country Garden's sales model is also on the list?"

Li Zekai and others were puzzled.

"Sometimes a person dresses up beautifully not because her family is wealthy, but because she might be prostitutes on the street. Do you understand what I mean?" Li Jiacheng's words were rough but his logic was valid.

What he wanted to express was very clear, he was talking about Hengda's operating model.

Li Zekai and others nodded, agreeing with what their father said.

People of their class have seen too many people pretending to be socialites or wealthy young men in order to quickly rise to the top.

On the surface, these people seem more genuine than real socialites and wealthy young men, but secretly, they may have already accumulated millions in debt.

"This time I called you to get up because I wanted to make you understand one thing: you can't be complacent after making money. The money in your pocket is your money." Li Jiacheng continued.

"Got it, old man."

"We all understand."

"Put the money in your pocket and wait for the right time. You have been saying these eight words since we can remember. We dare not forget them."

Li Zekai and others responded one after another.

Li Jiacheng was very satisfied after listening to his children's answers. His style of doing things was to either do nothing or go all out, but in the current real estate market, he did not see any opportunity for him to go all out.

But well...

There may be opportunities in the financial sector...

……

at the same time.

A courtyard in the capital of Dragon Kingdom.

Wang Shan was also awakened by Xiao Gang's call. When he realized that things were not going well, he became worried.

"With such a high leverage and debt exceeding one trillion, Xu Ying and his group really gave us a big surprise."

"I think the trillion-dollar debt is not the most serious issue, but once this news comes out, it may trigger a downturn in the real estate economy, which will seriously affect our house prices."

Xiao Gang said in a deep voice.

If the United States is a country based on finance, then Dragon Country is a country based on real estate, and real estate represents the real estate economy.

Looking back over the past decade, all provinces, cities and counties have achieved rapid development by relying on the land economy, but if this suddenly stops, the consequences will be disastrous.

"Is there any way to support it?"

Wang Shan asked.

"It's hard to say. Maybe we need to hold a meeting to study it. I think what we need to deal with now is the overwhelming negative news about the property market."

While Wang Shan and Xiao Gang were talking on the phone, foreign trolls had already occupied the Weibo square and spread a large amount of panic information.

[Yurizhiyang]: "It's over. Real estate companies have collectively collapsed and owed trillions of debts. Owners who haven't received their houses need to prepare to defend their rights!"

[Baile]: "Those who bought Hengda pre-sale houses should go and inspect their own houses. This time, I am not kidding. It is very likely that you will lose both your house and your money!"

[Mantou]: "With a trillion-dollar debt, if nothing unexpected happens, everyone's money is gone, and their houses are gone. I have a rights protection group here, and those who want to protect their rights can join in."

The remarks made in the square left netizens who had not yet slept and had bought pre-sale homes stunned and unable to calm down for a long time.

Anyone who has bought a house knows that there are two real estate sales models: existing homes and pre-sale homes.

Existing houses are more expensive, while pre-sale houses are often tens of thousands of yuan cheaper, so many people are willing to wait for pre-sale houses.

As for the so-called pre-sale housing, you pay the developer first, and after the money deposits into the escrow account, the developer will start building the house, which is almost the same as pre-sale.

"It's over!"

"It's completely over!"

"No, I have to go to Hengda Sales Office at dawn to ask for an explanation!"

"My life savings!"

The overwhelming number of posts about the same issue online have already shaken some homebuyers, who plan to go and get an explanation at dawn.

Far across the ocean in the United States, Davic looked at the reactions of Weibo netizens, with a slight smile on his face.

"You can handle the blue screen incident, but let's see how you deal with the real estate crisis."

"Hahaha!"

He laughed out loud, which was a bit creepy.

Wei Yan sat on one side. Although he was anxious inside, he still looked calm on the surface and his eyes did not change.

He knew very well that this was a mine that would explode sooner or later.

There is no point in saying anything now. We must withstand the shock wave caused by the "thunder" explosion.

However, he was also worried that the sudden collapse of Longguo Real Estate Company would cause concern among international capital.

After all, no one wants to invest in a risky company?
The Dragon Raising its Head on February 2 is an important milestone. Now it seems that the Jewish capital behind Davichi and the American Angsa Capital both want to press down the dragon's head.

"What are you thinking?"

After Davic laughed, he looked at Wei Yan, who had a calm expression.

It was such a happy thing, but this guy didn't even smile along. He felt a little unhappy and started to become suspicious again.

Upon hearing this, Wei Yan calmly expressed his thoughts, "I wonder if there will be funds to undertake it. After all, real estate is the main source of income in Longguo."

"You're worrying too much." Davic shook his head and continued, "Under the backdrop of economic deflation, they definitely don't have extra funds to undertake the project unless they use foreign exchange."

“Available foreign exchange…”

He smiled again and lowered his voice a bit: "That will set a bad precedent. Many companies in Long Country will be eager to make a move, because they will know that the country has a backer, so they don't have to panic no matter how big the mess is."

"I see."

Wei Yan looked like he was being taught a lesson.

He had to admit that Davic was indeed ruthless and was very good at using his strengths to attack other people's weaknesses.

The most important thing is that he is extremely suspicious, or in other words, very cautious.

Looking at Wei Yan's appearance, Davic felt very happy and said with a smile: "Study hard. As my deputy, you can't just understand finance. You must also learn to find the opponent's weaknesses, and then quickly attack and kill him with one blow!"

"understood."

Wei Yan nodded.

At this moment, he couldn't help but worry about the real estate economy of Longguo, especially at this critical juncture when the three cities were interconnected with data. If possible, he really wanted to donate 50 billion US dollars back. Even if it was a drop in the bucket, he could do his part.

However, what Wei Yan and Davic did not expect was that when Chen Xing learned about the news of the real estate crash, he smiled brightly.

"Ha ha!"

"finally come!"

As a reborn person, he knew earlier than anyone else, even earlier than Xu Ying, that real estate companies such as Hengda Group and Country Garden would collapse and would urgently need funds to take over.

In his business empire, the layout has always been centered around "food, clothing, housing and transportation", and most of it has been completed.

The real estate industry has collapsed and urgently needs funds to take over. Longxing Group happens to be a cash cow and can definitely take over.

but!

Longxing Group does not have enough working capital!

But as the saying goes, many hands make light work. Chen Xing can't handle such a big task alone, but aren't there other people?

Chen Xing did not hesitate and sent a message directly to the WeChat group of "Domestic Alliance".

[Chen Xing]: "Are there any real estate companies that are interested in taking over the company?"

Less than ten seconds after the message was sent, Ren Guofei called.

"You want to take over?"

He obviously couldn't understand why Chen Xing wanted to take over the real estate industry. You have to know that real estate speculation was restricted in 2016 and this industry was on its sunset stage.

“We want to build a smart community.”

"Intelligent community?"

"Everything is connected. Have you forgotten? I've mentioned it many times."

Ren Guofei was silent for a while, then asked, "Do you know how much money is needed to undertake this project? A conservative estimate is more than 2 trillion yuan. Even your Longxing Group and my Kunpeng Company cannot afford to pay that much money!"

"Aren't there other bosses?"

"Not enough, far from enough!"

Ren Guofei was decisive.

"What if we add the money raised from the IPO? I will also try to contact a real estate tycoon. If he helps, the money should be enough."

"Li Jiacheng?"

Ren Guofei guessed it instantly.

"That's right." Chen Xing did not hide it and told the story: "Last time I went to Hong Kong Island to discuss the integration of the Tan Stock Market, I met his son Li Zekai. Later, Li Zekai found me again and said that Li Jiacheng wanted to talk to me. Because I had a meeting, I declined his offer. Now I can take this opportunity to visit him."

"This is a contract worth 2 trillion yuan. Can he agree to it?"

Ren Guofei's tone softened a bit.

If you were to ask now which Dragon country entrepreneur has the most cash, it would definitely be Li Jiacheng, who has cleared out all his properties.

With the funds raised from the IPO, coupled with the capital from the domestic alliance and Li Jiacheng's cash, perhaps they can really take on the real estate crisis.

Of course, if the funds are still not enough, Chen Xing has a backup plan, which is to deploy hidden funds in Israel.

Li Daxiao and Yang Delong calculated that if the business developed as they planned, the 100 billion would at least increase tenfold.

Li Jiacheng, who was far away in his villa in Hong Kong Island, didn't know that while he was educating his children, the money in his pocket had been targeted by Chen Xing.

(End of this chapter)

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