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Chapter 511: Unfinished real estate development, the United States has another trick

Dragon Kingdom, Zen City.

As the third largest city in eastern Guangdong, Chancheng is located in the heart of the Pearl River Delta and is only separated from its big brother Guangzhou by a river.

Not only has its GDP consistently ranked third for many years, it also has its own unique city business cards, namely martial arts halls and lion dances.

When talking about martial arts schools in eastern Guangdong Province, it is not surprising that people will immediately think of Chancheng and Huang Feihong. There are more than 500 martial arts schools recorded in Chancheng. It is conceivable how many people practice martial arts in Chancheng.

At this time, in the Hedong community of Chancheng, Chen Yapeng and Li Zekai were inspecting the unfinished projects left by Country Garden.

"Mr. Chen and Mr. Li, this is the nineteenth unfinished property left by Country Garden. Because this property is close to the Liwan District of Guangzhou, and there were rumors at the time that a bridge would be built to connect to the Liwan District, it sold very well."

Country Garden's general manager Sun Xiang respectfully introduced the basic information of the unfinished project to Chen Yapeng and Li Zekai.

Chen Xing invested hundreds of billions of dollars, not just taking over Country Garden’s debts, but buying the entire Country Garden.

Country Garden’s existing properties, land and employees all belong to Longxing Group, and he also handed over the real estate to Chen Yapeng to manage.

After taking over the real estate project, Chen Yapeng only fired the relatives of the previous CEO of Country Garden, and did not make drastic changes to other senior executives because they were still needed to maintain the operation of the group.

Why should we expel relatives’ power?
It's very simple.

You are not sure whether they have real ability or whether they have used backdoors.

This is like a job fair, where many large companies state that they only recruit undergraduates.

Are junior college students worse than undergraduate students?
Not necessarily!
Whether it is undergraduate, junior college, or graduate school, there are good and bad people there, but the company does not have the energy to understand your upper limit and can only try to ensure the lower limit.

If you have a bachelor's degree, you are likely to be better than a college graduate.

If you have a postgraduate degree, you are likely to be better than an undergraduate.

From the perspective of HR, your academic qualifications are the lower limit of your ability, and they can quickly select employees who are suitable for the position.

Similarly, Chen Yapeng does not have enough energy to discern the abilities of the relatives of the previous CEO of Country Garden. In addition, Country Garden is a family business. If the network of relationships is not eradicated, it will only hinder the development of the group.

Due to the layoffs of dozens of people, all the original employees of Country Garden took a step forward, and Sun Xiang also took the position of general manager.

The sudden promotion left him no time to miss his old boss. Now he just wanted to serve Chen Yapeng and Li Zekai.

Looking at the unfinished building that had been built but had no water or electricity, Chen Yapeng asked, "How many houses have been sold here?"

“About 1400 units.”

"How many more sets are there for sale?"

"There are about 1000 units. Because it is close to Guangfu, this property is selling well and many people come to see the house."

After briefly understanding the situation, Chen Yapeng looked at Li Zekai and said, "Mr. Li, can you estimate how much more investment is needed for this property?"

"Let's go in and take a look at the house first." Li Zekai did not reply immediately, but wanted to see the internal construction situation first.

"Well, let's go."

Li Yapeng nodded.

The group walked into the building. As the main structure had been built, although there was no water and electricity, the roads and green plants in the community, as well as the swimming pool and playground areas in the community were all built, and it did not look like an unfinished building at all.

As he walked, Chen Yapeng discovered a dark tent. Outside the tent, there were cooking tools.

"This is…"

Before they could get close, a middle-aged man came out of the tent. He was stunned for a moment when he saw Chen Yapeng and his group. Sun Xiang thought they were homeless people and hurriedly drove them away, "Where is the security guard of the building? Why did you let homeless people in?"

"What homeless person? I am the owner of the house. You are the leaders of Country Garden, right? When will the house be delivered?"

The middle-aged man questioned loudly.

obviously.

This is a victim of an unfinished real estate project.

After a brief observation and thinking, Chen Yapeng understood why the middle-aged man was here. He also noticed that there was a clothesline next to the tent with women's clothes on it, so it was very likely that a couple lived here.

Sun Xiang's face instantly turned ugly. He didn't expect that he would encounter such a thing just two days after his promotion.

Chen Yapeng stepped forward and introduced himself, "I am Chen Yapeng from Longxing Group. Country Garden has been fully acquired by us. As for the date of delivery, we need to see how complete the construction is inside the building."

"Longxing Group? Is it the Longxing Group of Chen Xing?" the middle-aged man asked.

"That's right." Chen Yapeng nodded and asked a question with the answer: "Brother, do you live here with your wife?"

When he heard that it was really Longxing Group, a hint of excitement flashed across the middle-aged man's face. Who in Long Country doesn't know this trillion-dollar super group?

He also made 60,000 yuan by speculating in Longxing Group's stocks.

But his joy was fleeting, and he sighed and said, "Yeah, there's nothing I can do. Living here can save me rent, so I'll save as much as I can. After all, my son is going to college, and I heard that college expenses are not small."

"Is your son in his hometown?"

"Yes, I'm a senior in high school in the county town, and I have five months left before the college entrance exam."

"So what do you two do?"

"My wife and I are both in sales promotion. The market conditions in the industry have been bad recently, so I was fired. I'm not afraid of you laughing at me, but I haven't found a job yet."

The middle-aged man smiled awkwardly.

For men, being unemployed is a very shameful thing, even if others don’t say it, they will think so.

Women worry about their appearance.

Men also worry about their careers.

After briefly understanding the man's current situation, Chen Yapeng expressed his understanding: "The hard times will pass. I have slept in parks and even lived in public toilets for a while before. Maybe I am lucky and hit the right spot."

"Yeah, it will pass."

The two chatted casually, and after getting to know each other, Chen Yapeng asked the question he was most concerned about:

"Brother Wang, how many residents are still living in tents in the community?"

"Maybe 20 or 30 households."

The man responded.

"Okay, I get it. Then I won't disturb you for now. Let's go check out the construction status of the suite and try to hand it over to you by the end of this year or next year."

"really?"

"Absolutely true!"

"That's great, thank you Mr. Chen, thank you Longxing Group!"

"You're welcome. It's only natural to pay back debts. If you owe money for a house, you also need to pay it back." Chen Yapeng said with a calm smile.

Because they all came from grassroots backgrounds, he can especially understand the lower classes of people.

Ordinary people work hard all their lives just to start a family and buy a house of their own. They have done nothing wrong. Instead, the real estate companies that frantically increase leverage are the culprits.

……

After inspecting the unfinished real estate projects, Li Zekai also gave a rough estimate.

"I just checked and the building has been basically completed. Now we just need to install the elevator and provide water and electricity. If we add fine decoration, I estimate that it will cost another 5 million yuan."

With 2400 apartments, this building complex is considered a large residential area. Chen Yapeng also estimated the approximate price in his mind, and it was indeed not much different from Li Zekai's 5 million.

"Record it first."

Chen Yapeng glanced sideways at the secretary.

Upon hearing this, the accompanying secretary quickly recorded the cost of improving the community.

“What about the residents of the community?”

Sun Xiang asked.

He really didn't expect that there were still people living in the unfinished building.

Some live on the community lawn, some live at the bottom of a dry swimming pool, and some live directly in unfinished houses.

But this cannot be blamed on Sun Xiang. Country Garden is a family business. Although he was a small executive before, he did not enter the core circle and had no idea about such a thing.

"First, let's turn on the water and electricity, and have the security guards step up patrols of the building. As for other matters, we'll discuss and study them when we get back."

Chen Yapeng didn't want to drive them away. After all, this was the house in the community that they had bought with their own money. If he drove them away, if nothing unexpected happened, they would have no choice but to go to the park and continue to set up their tents.

If we want to solve the problem fundamentally, we must hand over the houses as soon as possible so that they can move in smoothly.

"take note of it."

Li Zekai remembered it silently.

……

After inspecting several real estate projects, Chen Yapeng also discovered a pattern, that is, there must be people who are "forced" to move into large real estate projects.

This also made him feel a sense of urgency and he had to hand over the building as soon as possible.

If you want to hand over the building as soon as possible, you need to invest more money and let the workers work day and night.

Although Chen Xing handed over the real estate business to himself, Chen Yapeng still decided to seek Chen Xing's specific opinion on the issue of additional financial expenditure.

He did not continue to look at unfinished properties, declined the dinner invitation, and went straight back to the Country Garden Building in Chancheng District, but now it has been renamed the Longxing Real Estate Headquarters Building.

After returning to the chairman's office, he called Chen Xing and carefully explained the current situation of the unfinished building and the problems of the residents.

Then, he said in a deep voice: "So I want to spend more money to quickly build and hand over the houses to the residents. After all, the rainy season is coming soon, and those small tents may not be able to withstand it."

The rainy season in eastern Guangdong is no joke and is often accompanied by typhoons.

Even if there were no typhoons this year, waterlogging can be seen everywhere in eastern Guangdong during the rainy season. For example, Sanlian, Yiyang and Deying in northern Guangdong are flooded every year, and Country Garden also has many properties in these areas.

After understanding the situation, Chen Xing gave his own solution:
"Since we have to spend more money, we might as well look at the existing houses in Country Garden and place them there first. If there are no existing houses in the city, we can find other real estate companies to cooperate and build resettlement housing first, and don't let them live in rough houses."

"I have thought about providing public housing, but you can't tell who is really in difficulty." Chen Yapeng has been working in the industry for so many years, and he understands human nature too well.

If it is announced publicly that Longxing Group provides affordable housing for unfinished projects, then, if nothing unexpected happens, someone will definitely cancel their lease and take advantage of Longxing Group.

Although he sympathized with the plight of some residents, Chen Yapeng did not forget the interests of the group.

"That's true." Chen Xing muttered to himself, but then continued: "Then let's check the individual tax records. If they haven't reached the tax threshold, we'll try to provide them with resettlement and protection. If they have exceeded the tax threshold, we'll decide based on the specific circumstances."

"What if they are a couple?"

Chen Yapeng asked again.

Many houses are purchased by couples. One person’s monthly salary of 4,000 may not reach the tax threshold, but for two people it is equivalent to a monthly salary of 8,000!
Although their monthly salary of 8,000 yuan still does not meet the tax standard, they are definitely able to rent a house.

While taking care of others, Longxing Group also needs to consider its own interests.

Faced with this question, Chen Xing thought for a full half minute before he responded: "For couples, ask them to provide information about their children. Those with children can move in. If the elderly at home are sick, they can also move into affordable housing. For others, you can decide based on the situation."

"Okay, I'll think about it tonight."

"You just have to make the decision."

After they finished talking about the group's affairs and had a brief chat, they hung up the phone.

Chen Xing, who was at the Bantian base of Longxing Group, turned off his mobile phone and then turned his attention back to the pending emails in his mailbox.

He doesn't need to worry about real estate matters, after all, Chen Yapeng is in charge.

For the head of the group, he only needs to judge the general direction, and leave the details to the people below.

……

Two days later.

Global stock markets are reopening.

But before the A-shares opened, the United States passed a new bill overnight, called the "Asia Investment Act." The content of the bill can be simply summarized as follows: if American investors invest in Asia, they will be subject to a top tax of 40%.

What concept?
40% of the money earned by American stock investors must be handed over to the United States.

The most important thing is that you can't escape it, because your investment requires currency exchange. All US banks know exactly how much money is exchanged and how much money flows to Longguo.

Of course.

You also choose to leave the United States and give up your green card.

Do you think this is a legal way to avoid taxes?

Sorry, there is still a 40% departure tax waiting for you to pay.

The new bill, like the departure tax, is stuck in the 40% range.

Apparently affected by the new law, the Longguo stock market experienced its first late-trading plunge after ten consecutive gains.

Longxing Group's original 34% increase in the early trading session was reduced to only 6.7% at the close of the market at three o'clock, which made many international investors a little difficult to adapt to.

As a financial power, the United States has a huge influence.

Moreover, after the new bill was introduced, Wall Street tycoons chose to wait and see, and Buffett even chose to leave directly.

As the world-recognized "stock god", he knows very well the reason for not earning the last penny, because at that time the risk and return are not proportional. If the market really reaches the top, the stockholders who earn the last penny may be punished at a high position.

The autobiographies of financial tycoons often mention a sentence, which is: Profits are not great, but being able to turn floating profits into money in your own pocket is the real skill.

Everyone actually understands the principle, but actual operations or personal style may lead to differences in the final results.

Although Longxing Group is a bit "weak", the whole world is still focusing on the Longxing stock market, which is unprecedented.

The current stock market in Dragon Country is like a young man who has just entered the society and is nervously heading to a job interview. Only if it is deeply recognized by international funds can it usher in an epic eruption.

While international funds are keeping a close eye on Longguo’s capital market, Longxing Group’s trading team is “making trouble” everywhere and reaping the wealth of other countries’ capital markets.

After dealing with the island nation, they dealt with the peninsula, and after dealing with the peninsula, they dealt with the ancient elephant. After dealing with the ancient elephant, they turned their attention to Israel, and also set their sights on the Nasdaq and S&P 500 indices.

After several days, the Longxing Group's trading team invested tens of billions but only earned 7 million. However, this left the whole world puzzled, and no one knew what the purpose of this Longguo investment consortium was.

……

The island nation of Tokyo.

FSA Financial Services Agency.

Listening to the secretary's report, Saito Ii fell into deep thought and said, "What exactly is this capital intended for? Is it just a simple harvest?"

He always felt that something was wrong, but he couldn't tell what it was.

Moreover, in the past few days, he deliberately checked the shareholding situation of important companies in the island country and found that there are not many companies that have 51% of the outstanding shares in the hands of retail investors.

In other words, even if this Dragon Capital wants to control high-quality Japanese companies, it cannot collect the corresponding proportion of stocks.

This, to a certain extent, dispelled Saitoi's concerns.

However, what he didn't know was that Chen Xing had already collected more than 30% of Toyota Group's shares, but it didn't appear to be that much on the surface.

In addition to the island country being at a loss, Davichi, who returned to the United States, was equally confused. He couldn't understand what the Dragon Country trading team wanted to do. Using the advantage of large funds to reap the stock markets of other countries was a completely disproportionate risk.

This is like taking 100 million to the gambling table. If you win, you will make 1000 yuan, and if you lose, you will lose 20%. Anyone with a little risk awareness will not gamble.

Even if you are extremely lucky and win 100 times, that's only 10 yuan. But if you lose the 101st time, that's 20 yuan. This is why the risk and return are not proportional.

"What do they want?"

Davic really couldn't understand it.

While he was puzzled, the Israeli stock market was "looted" again, and the market index continued to fall.

The Israeli high-ranking Zionists had no choice but to seek help from the parasitic factions in various countries again, and threatened to forbid them from entering the holy city of Jerusalem to force them to leave.

no way.

Parasitic capital can only take action.

They don’t care about Israel, but they care about Jerusalem.

Because the Bible clearly states that Jerusalem is the holy city of the Jewish people, and the parasitic sect needs to go back once a year to the Wailing Wall to tell their experiences.

Don't let them go back to Jerusalem?

That would be more painful than killing them!
However, the parasitic funds are not unlimited. They also need to invest in other markets. They can only withdraw 2000 billion US dollars to stabilize the Israeli stock market and prevent it from collapsing.

When no one was sure about the real purpose of the Dragon State funds, Wei Yan was already sitting firmly on the Diaoyutai.

The Asia Investment Act, which was just passed by the United States, was proposed by him to David, and submitted by the latter.

The Asia Investment Act seems to have safeguarded U.S. interests and curbed the investment sentiment of U.S. investors and institutions in the Chinese stock market, but in fact it has confirmed the decline of the U.S. stock market, which is fatal in the long run.

A freely developed country is gradually being shackled. What do American stock investors think? What do American financial institutions think?
From targeting Chinese wealth to curbing the investment sentiment of American stock investors, Wei Yan's proposals have impeccable starting points and are all based on legitimate reasons, but when they are combined, they become a highly toxic drug.

It's like drinking alcohol. It's fine if you drink it alone, but if you drink it with cephalexin, it will be a glass of poison!
……

After four trading days, international capital has forgotten about this Dragon Country fund that was causing trouble everywhere, and the sentiment of international investment in the Dragon Country market is gradually fading, or returning to normal.

Longxing Group closed on Thursday with a rare 5% drop.

This is because the price has risen too much and some retail investors can no longer hold on to it, so they choose to cash out near the end of the trading day.

You cash out, I cash out, and the follow-up orders cannot keep up for a while, which leads to a stampede of cashing out, and the stock price falls accordingly.

The decline of Longxing Group was also accompanied by a decline in the overall market index.

The Jinlong Technology Index closed down 0.9%, which was like a fever reducer for everyone, but more people also saw opportunities.

The marketing accounts did not miss this opportunity and began to hype the product on an overwhelming basis.

"After ten trading days, Longxing Group finally experienced a short-term decline. Is it a deep correction or an opportunity? Let the editor tell you!"

"Longxing Group closed down 5% in late trading. Longguo's stock market failed to break through 14 consecutive rising days, but still broke the historical number of consecutive rising days!"

"The black swan reappeared, Longxing Group closed down 5%. Has the adjustment begun? A -year stock market veteran will analyze it for you all at once!"

The decline of Longxing Group not only caused overwhelming publicity from marketing accounts, but also made it to the hot search lists of major online platforms such as Weibo, Douyin, and Penguin.

Many investors quickly expressed their opinions when they saw the decline of Longxing Group.

[Trend Brother Tian]: "Longxing Group's performance and technical aspects are impeccable, but the increase is too scary. I think it will pull back about 20% to accumulate strength before continuing to rise."

[Ming Jing Jiuzhou]: "I don't think it will fall back by 20%, 10% is enough. I have already added 10 in the closing market. I believe in Longxing Group's new product launch."

[网网不能睡着]: "In the absence of bad news, any pullback is a good opportunity to add to your position."

Some people think that there will be a deep correction, while others think that it is a reverse pick-up. This is not just a disagreement among retail investors, but also among financial institutions.

While the whole world was paying attention to the performance of Longxing Group on Friday, Longxing Group's own trading team did not focus on the Longguo stock market, but instead kept a close eye on the futures trading of the Nikkei 225 Index.

"It's starting to rise. I've been confused for so long, is it time to take action?"

"The Nikkei 225 feels oversold. If we buy individual stocks, it may attract special attention, but if we sell them into ETF funds, they will have no way to investigate!"

“That’s a good idea!”

"We have to do both. After all, we only have one chance to swing the sword. We have to sweep away 16% of the Toyota Group to complete the mission."

"The outstanding shares on the market are definitely enough for 16%, and more than enough!"

"That's right. The problem now is how to make the other party realize it later. Buying ETFs is one way, but the efficiency is still relatively low."

Li Daxiao, Yang Delong and others were discussing how to raise funds. This was the first time they were raising funds for the purpose of seizing power, so they were extremely cautious and excited.

While they were talking, Chen Xing walked into the securities floor and brought good news.

"The mission ratio has been lowered. The exchange rate leverage of the US NOF Fund has been blown up. Its holder is the foreign exchange genius trader Drew Parada. His NOF Fund participated in the sniping of Asian assets in 1997. Now he wants to sell the NOF Fund, which includes 2.7% of Toyota shares. I have successfully taken it down. You only need to collect 13.3% of the shares in the secondary circulation market of the island country to be considered successful!"

(End of this chapter)

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