Technology company, I will become the light of China!

Chapter 494: Taking on trillions of debts, listed CEOs gather at Dragon Exchange

At dawn, a soft light gradually appeared on the horizon, and the curtain of night was gently drawn open.

As more and more people wake up, the Internet becomes increasingly lively.

[Xiaotang doesn't know martial arts]: "Hengda Group, Country Garden and other super real estate companies have collapsed? Why do they owe so much debt?"

[Ming Jing Jiuzhou]: "I've heard that Country Garden invested hundreds of billions in Malaysia, wanting to build a forest city, but ended up building a ghost town. It looks like a huge loss!"

[Black Lightning]: "If I don't understand, I'm asking, if Evergrande Group goes bankrupt, do I still have to pay the loan for the Evergrande house I bought?"

[Mumu]: "Brother, what are you thinking? You are borrowing money from the bank to buy a house, not from a real estate company. In other words, even if Evergrande Group goes bankrupt, you still have to repay the loan."

With countless netizens commenting one after another, entries about real estate companies such as "Evergrande Group is exposed to have a debt of trillions" and "Country Garden is exposed to have a debt of hundreds of billions" were pushed to the top of the hot searches, and the discussion became increasingly heated.

You know, in the past decade or so, Longguo has been focusing on the real estate economy.

To put it simply, the government sells land to obtain fiscal revenue, and then uses this money to invest in people's livelihood projects. Real estate developers buy land, build houses and sell them to the public. This was originally a virtuous cycle, but the problem arose after 2010, when some groups began to speculate in real estate.

It was also after 2010 that housing prices in Beijing, Shanghai, Guangzhou, Shenzhen, and many second- and third-tier cities increased by nearly one-fold or even several times. If it is a house in a school district or a house in a particularly good location, it is possible that the price could increase by dozens of times.

The emergence of real estate speculators made people at that time generally feel that if they did not buy a house now, the housing prices in the future might become extremely expensive. Therefore, many people gritted their teeth and chose to take out loans.

As people followed suit and bought houses, housing prices were further pushed up, and real estate companies made a lot of money.

The sudden collapse of Evergrande Group and Country Garden has made many home buyers happy, thinking that they no longer have to pay their mortgages. However, when they called to inquire, they found out that it was the bank that lent them the money, and the money they paid back was to the bank, not the real estate company.

But some people rushed to the previous sales office to check whether their houses had been completed.

Do not see do not know.

As soon as you see, the tea has gone cold!
Not only was there no one at the sales office, the community gate was also closed and a notice was posted at the construction site announcing the suspension of construction, which immediately made them feel disheartened.

I thought I could save 20,000 or 30,000 yuan, but I didn't expect to lose millions.

Gradually, news about construction sites stopping work and home buyers uniting to protect their rights appeared on the Internet, which also made netizens marvel that it is not advisable to buy pre-sale properties, and that it is safer to buy existing properties.

……

And at the same time.

The headquarters of real estate companies such as Evergrande Group and Country Garden.

All law enforcement agencies came together and not only seized all the account books, but also seized the beneficiaries and accountants, who were all covered their heads and taken to the police station for investigation.

Many rights activists saw this scene and hurried forward to ask questions.

"Officer, officer, if you arrest all these people, can we get the money we used to buy the house back?"

"Yes, can we get our money back?"

"150 million! If I don't have a house and no money, my life will be ruined!"

In response to the public's inquiries, the leader in white shirts said: "We need to thoroughly investigate this matter. For the beneficiaries, not only will the illegal gains be confiscated, but they will also be held criminally responsible."

After saying this, he led his team away and took the man back for interrogation.

The accountants who got on the police car regretted their decision very much. They should not have attended this shift if they had known earlier. But now, they had to go in and have tea.

Compared with the complexity of Evergrande Group, Country Garden's debt is much clearer.

To put it simply, Country Garden’s CEO made a lot of money in China and wanted his real estate business to be on par with international standards, so he set his sights on Malaysia.

But he never thought that the reason he made a fortune in Longguo was not because of his ability, but because he happened to hit the right trend.

Lei Jun once said: If you stand on the right spot, even a pig can take off.

Jack Ma once said: When the boom is over, pigs often fall particularly badly.

The two top entrepreneurs from Dragon Country seemed to be arguing with each other, but in fact they were describing the importance of the trend of the times and their own strength.

Hitting the right trend can indeed multiply your wealth N times, but after the trend is over, whether you can keep your wealth depends on your own ability.

It is now obvious that these real estate CEOs have failed to realize this point. They squander the money they make, and when a hole appears, that's when the snowball starts to roll.

……

The imperial capital of the Dragon Kingdom.

Inside a courtyard.

Wang Shan looked at the documents handed over and couldn't help but clenched his fists and said, "These beasts dared to use leverage hundreds of times, and they also squandered all the money."

The secretary didn't dare to say anything. He hadn't seen Wang Shan get angry for a long time. The last time he got angry could probably be traced back to the battle to defend the Hong Kong financial market in 1997.

After venting, Wang Shanshan, who was sleepless all night, looked at his secretary and said, "Notify them and hold a meeting immediately to discuss how to properly resolve the two trillion yuan debt."

"Ok."

The secretary quickly took out his cell phone.

Suddenly, his hand paused while typing, and he looked at Wang Shan who was still angry and said, "By the way, Chief, what about the listing of Longxing Group, Kunpeng Company, and Jiangyu Technology? Their CEOs are all here."

According to the Stock Market Integration Plan, the Shenzhen Stock Exchange, Shanghai Stock Exchange and Beijing Stock Exchange will no longer exist, leaving only the Longguo Stock Exchange.

Since it is the Dragon Country Stock Exchange, it must be established in the capital, so it uses the office space of the Beijing Stock Exchange.

"If you hadn't mentioned it, I would have forgotten about it. I'll call Chen Xing and ask him."

Wang Shan realized later that he was indeed blinded by anger and had actually forgotten that today was the day when Longguo’s technology companies would be collectively listed.

He took out his cell phone, found Chen Xing's number and called him.

Not a moment.

The call was answered.

"The old leader is looking for me so early, I guess there is something important to discuss." Chen Xing's magnetic and youthful voice came out.

"Have you read the real estate news?" Wang Shan got straight to the point without any nonsense.

Chen Xing: "I saw that both Evergrande and Country Garden suffered financial losses."

"I can't leave today because I have an emergency meeting. How about delaying the listing for a few days?"

Wang Shan just finished speaking and added: "Xiao Gang also told me that the Windows system blue screen incident also slowed down the progress of data intercommunication among the three cities. What do you think?"

"I think it's better to go public normally."

Chen Xing gave the answer.

"why?"

Wang Shan was very curious.

The impact of the Windows system blue screen incident is still ongoing, the issue of the two trillion yuan in real estate debt is also fermenting, and foreign capital has already leaned towards American companies.

Why is this happening?

Very simple.

A small update from Microsoft can cause tens of thousands of computers in Dragon Country to blue screen, and some flights have even been canceled. You can imagine how important this is.

The sudden collapse of real estate will also make international capital feel that Chinese companies may have unknown risks.

If they continue to insist on going public at this time, it will definitely have an impact on technology companies such as Longxing Group, Kunpeng Company, and Xinjiang Technology. International capital will also carefully investigate whether these companies are suspected of financial fraud and will be relatively cautious in investment, which will not achieve the purpose of "siphoning funds."

"The whole world is watching us now, and many foreign media reporters have already prepared their cameras and are waiting for this listing feast. If we postpone the listing at this time, it will undoubtedly tell the world that our Longguo is indeed in trouble, and it is particularly difficult."

"So I think that not only should we not postpone the listing, but we should hold it as scheduled and do it beautifully."

Chen Xing expressed his thoughts.

"Makes sense."

Wang Shan suddenly realized.

If we delay the launch at this time, we will indeed fall into a trap set by the West.

“But the real estate side…”

Wang Shan was a little embarrassed.

"I have discussed the real estate matter with other CEOs and maybe we can take it over, but the prerequisite is to go public and raise funds."

“You’re going into real estate?”

Wang Shan even raised his voice a few notches.

Real estate is a hot potato now, and almost no one is capable of taking it on, because the two trillion debt is real money, not the company's market value.

"It's not me, it's us."

"us?"

Wang Shan was stunned.

"I have talked to Ren Guofei of Kunpeng, Jiang Tao of Xinjiang Technology, and Zhang Ming of ByteDance. They are willing to invest in a real estate company. If the funds are sufficient, we will take over the company."

After Chen Xing finished speaking, Wang Shan was speechless. After a long silence, he asked, "Aren't you clearly losing money?"

Someone has carefully calculated that the undeveloped properties and land of Evergrande, Country Garden and other real estate companies combined are still insolvent, with a gap of 1.7 trillion yuan. No matter who takes over, it will be a loss.

However, Chen Xing shook his head and replied: "I won't lose money. I expect to make a little money, but the prerequisite is that I have enough funds."

"How to make money?"

Wang Shan was very curious.

"To put it simply, the smart community means that our Longxing Group will provide smart homes and create a smart community model. As long as we can attract home buyers, we will not lose money."

Chen Xing has consulted industry insiders. The cost of building a 2400-story residential building with three households on each floor in a second-tier city with a medium location is about 3000 million yuan. If fine decoration is included, the cost will be around million yuan.

There are thirty floors, with three households on each floor, which means there are ninety apartments in this building.

If one house is sold for 100 million, the total selling price of the entire building is 9000 million. After deducting the construction cost of 3000 million, there is still 6000 million left, which is a considerable profit.

Of course.

The 100 million house price is just an example.

The actual housing price also needs to take into account loan rebates, community location, and the degree of intelligence of the entire house.

"If the house cannot be sold, your loss will not be just a small amount, but over one trillion yuan. Have you thought it through?" Wang Shan reminded again.

"I have figured it out. The real estate bomb may not be a disaster."

Chen Xing responded firmly.

In the past, real estate companies such as Evergrande Group and Country Garden collapsed completely because they had no funds to take over.

If there is capital to undertake it, and if the sales of houses can be guaranteed, it is entirely possible to make a profit.

You know, the 1.7 trillion gap is not the total sales price of commercial housing, but the discount of land and other assets.

As long as the house is built, the seemingly scary 1.7 trillion is just a paper tiger. At present, only Longxing Group has the ability to revitalize it. Because smart homes are very popular, if smart communities can be built, sales will not be a problem. Wang Shan thought for a long time, and finally said: "Since you have made up your mind, let's do as you say. If the money is not enough, you can apply for a bank loan."

"Enough."

Chen Xing smiled calmly.

Bank loans are just a drop in the bucket. As long as he can reach an agreement with Li Ka Shing, all problems will be solved. He is also confident that he can reach an agreement because no businessman can resist the temptation of money, not even Jack Ma who is "not interested" in money.

"Then go public as normal. I'll go to a meeting and explain the situation."

"Ok."

"Well, see you later."

"See you later."

The two hung up the phone.

The secretary listened to the conversation, smiled and asked, "Is there a turn for the better?"

"Well, there is a turning point. Chen Xing is going to take over the debt gap of the real estate company." Wang Shan nodded slightly, looked at the secretary and said, "Contact the others to hold a meeting."

"Chen Xing..."

The secretary swallowed his saliva. Before he had time to think about why this man had such power, he urgently notified a temporary meeting.

……

And at the same time.

the other side.

In front of the former Beijing Stock Exchange, foreign reporters were reporting in real time that more than a dozen technology companies from Longguo would be listed today.

The reason why these foreign journalists came early was to put Longguo on the spot.

Now everyone knows that Evergrande and Country Garden have collapsed, and blue screen patches are sweeping China, so it is understandable if the listing is delayed.

But if these reporters keep broadcasting, you have to think twice if you don't want to go public.

Because you really delayed it, it shows that these events did have an impact on Longguo and also served as a wake-up call to global capital.

"We understand that Longxing Group is a technology company that integrates semiconductors, communication networks, battery energy, and optics. It also has extremely high attainments in the mobile phone and automobile fields. It will be listed on the Longguo Stock Exchange at 2 pm today. Let us look forward to it."

After introducing Longxing Group, American reporter Vali Kardashian looked at the "bull" covered with red cloth in front of the Longguo Stock Exchange and said:

"This is the new bull statue of the Longguo Stock Exchange. It is currently covered with a red cloth, so we don't know what it looks like yet."

"We can see now that the staff have already put out the red carpet to set up the venue, and there are people arranging flowers over there. I hope we can witness an unforgettable listing feast today."

The camera lens transmitted the image to American TV stations. Looking at the cow covered with red cloth, many American people watching online were stunned and left comments in the live broadcast room.

“How do they cover the cow with red cloth?”

"Oh my god, what did I see? Do they want to stay popular forever?"

"What's happening here?"

Since there are few foreign investors in Dragon Country’s stock market, most stockholders do not know that in A-shares, red represents an increase and green represents a decrease, while the opposite is true in the United States.

Covering the cow with a red cloth also reflects the cultural differences between the two countries.

In the top floor office of the Federal Reserve Bank of the United States, Davic held a glass of red wine and asked with a smile: "Wei Yan, do you think Longguo will go public as scheduled today?"

“Do they have a choice?”

Wei Yan smiled indifferently.

He didn't expect Davic to be so mean. He arranged dozens of reporters to go for on-site interviews before noon, fearing that the whole world didn't know that today was the listing date of Longxing Group and other Longguo technology companies.

If the listing is really postponed, international capital will probably need to re-evaluate whether Longxing Group and other technology companies have any hidden dangers.

"That's true."

Davic took a sip of wine and said.

Under the watchful eyes of the whole world, time was getting closer to noon, and the venue of the Longguo Stock Exchange had been completed.

But inside the Longguo Stock Exchange, all departments were busy, some of them were checking the accounts submitted by various companies, and some were reviewing documents.

Dragon Kingdom time.

1:30 p.m.

Several Audi A6s drove into the parking lot of the Longguo Stock Exchange one after another. A closer look revealed that the drivers of these cars were all wearing white gloves. After the vehicles stopped, they hurriedly got out of the car, opened the back door, and placed their palms against the frame above the door.

There is a famous saying on the Internet in Dragon Country: It is better to mess with the golden man Rolls-Royce than the white glove Audi A6.

why would you say so?

Because the Audi A6 is an official car, you have no idea who gets off the car.

Mayor Wang Fang, who had just got off the car, did not hesitate for a moment. She immediately trotted to an old Audi A6 and waited quietly.

The same goes for others, who dare not slack off in the slightest.

Wang Shan got out of the car and waved his hand, saying, "Don't stand there, let's go into the stock exchange. We can't be late."

"Follow the instructions carefully."

"That's what the old commander said."

"please."

Everyone followed Wang Shan into the Longguo Stock Exchange. Reporters from all walks of life also took photos, trying to capture wonderful photos.

Entering the Longguo Stock Exchange, there is a small, crescent-shaped conference hall that can accommodate about 90 people. There is also a podium in the middle. At this time, the screen on the podium has already displayed the list of listed companies.

When Wang Shan and others came in, the investor representatives, media and entrepreneurs who had already arrived at the scene all stood up to greet them.

Under everyone's gaze, Wang Shan came to the middle seat of the first row and sat down, while Wang Fang and others sat next to him.

As the time approached two o'clock in the afternoon, a motorcade specially sent to welcome the CEOs of listed companies also arrived at the scene. At this moment, the reporters' shutters were clicking like crazy as if they were free.

"Please come in, Mr. Chen." ByteDance CEO Zhang Ming looked at Chen Xing who had just got off the car. The two had just chatted for a while in the hotel.

"You're so polite."

Chen Xing smiled.

"Mr. Chen, if you don't take this step first, we won't dare to leave." Ren Guofei had just got out of the car and approached Chen Xing with a smile.

Because they were in a public place, he did not call Chen Xing "Brother Chen" but used a formal title.

After all, there are so many reporters now, and the way they are addressed also needs to be appropriate according to the occasion.

"Yes."

Jiang Tao, CEO of Jiangyu Technology, also approached and made a gesture of invitation, saying, "If you don't take this step first, we won't dare to leave."

"Yes, Longxing Group is the leader of technology companies. If you don't take the lead, Mr. Chen, we won't dare to take this step."

"That's right, that's right."

"Please come in, Mr. Chen."

The CEOs of the companies preparing to go public expressed their opinions one after another. Chen Xing looked at the time and saw that it was almost two o'clock in the afternoon. He did not continue to be polite with them and said:

"Then I would rather obey your orders than respect you."

The words fell.

He took one step forward.

"Kakaka-"

Chinese and foreign reporters were pressing shutter buttons frantically and flashes were flashing continuously, they were all trying to capture this moment.

Chen Xing took a step forward, and the others followed suit.

The progress seems chaotic, but in fact it is orderly, and Chen Xing is always half a step ahead of others.

Millions of viewers in the live broadcast room saw this scene and were extremely jealous.

"Mr. Chen is as handsome as ever. If I could be his wife, I can't imagine how happy my life would be. If I can't be his wife, I can be his mistress or his fourth wife!"

"What does it mean to be high-spirited and ambitious? What does it mean to be young and promising? Mr. Chen has perfectly interpreted it!"

"Longxing Group is listed normally. On Monday when the market opens, I will buy 100 million and put all my wife's money into it!"

"Little-known fact: new shares are purchased by lottery. I hope I can win the lottery. Maybe I can make 10,000 times the money!"

The live broadcast room was filled with constant comments and the audience was extremely excited.

After so many years of stagnation, the Longguo stock market finally sees a glimmer of hope, and investors are staring at the live broadcast screen intently.

Foreign live broadcast rooms are also filled with white barrages at this moment.

They were not only amazed at Chen Xing's youth, but also amazed that he was walking in the front. This was the first time for many foreigners to see Chen Xing in person, and they were all exclaiming.

Under the watchful eyes of the whole world, Chen Xing led the CEOs of listed companies slowly into the exchange hall. When reporters inside pressed the shutter, he responded with a smile, appearing confident and calm.

Under the guidance of the staff, they walked through the corridor and came to an open door. The people inside turned around and looked at Chen Xing, Ren Guofei and others.

"Welcome, all the bosses."

Wang Shan stood up and raised his voice.

"Shuashuashua——"

The others stood up quickly.

Hearing this, Chen Xing quickly walked into the conference room, came to Wang Shan, stretched out his hand and said, "Old Chief, how are you?"

"Haha, everything is fine."

Wang Shan smiled and shook hands.

After the two of them exchanged a few simple courtesies, Chen Xing greeted Wang Fang and others, and the same went for other company CEOs.

"Everyone, please find a seat." Wang Shan glanced at Ren Guofei, Zhang Ming and others, and continued, "We need to take turns giving speeches later to attract international capital behind us."

Everyone looked towards the seats at the back of the conference room and saw that most of the people sitting there were international capital analysts dressed in suits and with serious expressions.

The main reason they came here was to determine whether other companies, besides Longxing Group and Jiangyu Technology, had investment value.

You know, listing a company is the first step, whether financial institutions can see its bright spots is the second step, and the final third step is to allow retail investors to invest.

(End of this chapter)

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