Reborn in 2011, 985 missing from two copies

Chapter 642: Dimensionality reduction attack, real estate giant Hong Wen!
Wang Yi chose first-, second- and third-tier cities because he is optimistic about their development, property appreciation and citizens' purchasing power.

As for fourth-, fifth- and sixth-tier cities, their consumption capacity is limited and they are experiencing serious population loss.

Many high-income groups in these cities have flocked to first- and second-tier cities for the education of the next generation, their own medical care, etc., or have sent their children to settle in big cities.

Young people will also flock to big cities in order to make more money.

This has led to serious population loss in fourth-, fifth- and sixth-tier cities and a sharp contraction in purchasing power. If Wang Yi acquires a large amount of land, he will not be able to sell it at a high price or sell it well.

But first- and second-tier cities don’t have to worry about this problem.

As for third-tier cities, there have not been any major problems in recent years, especially for third-tier cities with strong GDP, which still have room for development.

But after a few years, it’s hard to say.

Xingyi Real Estate focuses on improvement, high-end, large flats, and villas, so it has to develop in first- and second-tier cities, as well as acquire land for development in high-quality third-tier cities!
Especially in recent years, land prices are very cheap, which is more suitable for acquiring and hoarding land.

For example, in second-tier cities, the average price is only 5000 yuan per square meter. Calculated based on a floor area ratio of 2.5, the floor price is only 2000 yuan per square meter. Adding construction costs, etc., the total cost is four to five thousand yuan. In 2017, the starting price was 2.5 yuan, and 3 yuan. The profit is so high that it is impossible to calculate.

With Wang Yi's instructions, all departments of Xingyi Real Estate took quick action.

The team responsible for acquiring the land immediately packed up and flew to first- and second-tier cities across the country to begin investigating and bidding for land.

A very high-quality area. We contacted local officials and directly replicated the Jeju Eastern New City model and the Island City Huangdao model. We invested in building industrial parks and science and technology parks, and simultaneously acquired thousands of acres of residential land nearby to directly build a city!

For example, the 5000 acres of land in Jeju sounds like a lot, even incredible.

In fact, this is not uncommon in second-tier cities.

Like in the previous life, China Overseas Land & Investment acquired a large amount of land in the Huashan area of ​​Jeju. The Huashan Longcheng community alone is 3000 acres!
A regular residential area only covers 50-200 acres, but Huashan Longcheng covers 3000 acres of land!

In comparison, it is normal for Wang Yi's 5000 acres of land to be divided into more than regular residential areas for development.

It’s simple. Wang Yi knows very well that the bigger the community is, the worse the follow-up will be, in all aspects.

Not only is the environment and atmosphere bad, but the value retention is also poor.

In such a large community with so many people wanting to sell their houses, there is bound to be a price stampede, and eventually the houses will depreciate and won’t be able to be sold at a high price.

There are too many people and too many residents, making property management work difficult and easily leading to a mess.

The quality of regular communities of 50 to 200 acres will be much better.

As for the mortgage issue, it is a big problem for other real estate companies. The annual loan interest alone is an astronomical figure.

But for Xingyi Technology, it is not a big problem.

Xingyi Technology also has Xingyi Finance and Yu'ebao under its umbrella, and even its Internet banking business is being vigorously promoted.

Although the Internet banking license has not yet been officially issued, opportunities are reserved for those who are prepared.

If you see that the license has not been issued and you don't make any preparations, just give up and don't prepare for the Internet banking business, you will never get an Internet banking license in your lifetime!

On the contrary, only when the Internet banking business is well prepared, scaled up, strong, with sufficient support and endorsement behind it, and a user base of hundreds of millions, will the village issue an Internet banking license!

To this end, Xingyi Finance, Alibaba, and Tencent are all actively promoting the preparation and development of Internet banks, and are waiting for the first Internet bank license in the country!
Especially this year, news about Internet banking licenses has been flying everywhere.

The development of domestic Internet finance has also forced Internet banks to go online.

To this end, the village has held several high-level meetings to study this issue and achieved certain results.

The last time Wang Yi went to Shanghai, Song Sining had just heard a rumor that the government had decided to develop Internet banking and issue Internet banking licenses.

And the time is this year!

If fast, in the middle of the year; if slow, in the second half of the year.

In the previous life, at the end of 2014, the village issued the first Internet banking license to WeBank!
Now, with the emergence of Xingyi Technology, Internet finance is developing rapidly, and it is highly likely that Internet banking licenses will be issued before the end of the year.

This time, the target of the first Internet banking license is most likely not WeBank or Alibaba's Ant Financial Services Group, but Xingyi Bank!
With the rapid development of Changliao Payment and Yu'ebao, Xingyi Finance has become the top Internet financial giant in China.

Even Tencent and Alibaba can only be ranked second or third, and are far behind Xingyi Finance.

Even if Tencent brings in allies such as China Minsheng Bank, it may not be a match for Xingyi Finance.

When an organization grows to a certain size, does not have any problems, and is dedicated to contributing to the village, then the development of this organization will be smooth and have a bright future.

Especially now that Xingyi Technology has the full support of not only the Imperial Capital, Shanghai, and Shenzhen Stock Exchange, but also the entire Shandong Province!

It can be said that Xingyi Technology now has the strength, users, technology, ecology, and background!
For other companies, some N generations may be jealous and jump out to take advantage of them.

But no one dares to do that to Xingyi Technology.

There is no other reason. Just look at the major partners and investors behind Xingyi Technology. No one dares to make a move.

As one of the three first-tier cities and Shandong Province with the third largest GDP, Xingyi Technology is doing really well.

Under this situation, the license for new energy vehicles was successfully obtained.

The mobile payment license was successfully obtained.

Similarly, Internet banking licenses can also be obtained smoothly.

The difference is just a matter of time.

Once Xingyi Technology obtains the Internet banking license, coupled with the huge funds of Yu'ebao and Changliao Payment, its future will be limitless.

The amount of funds in hand is an astronomical figure.

These funds were originally lent to other banks or institutions by peers to earn commissions.

But in the future, it can be loaned out to Xingyi Real Estate through legal procedures.

Even Wang Yi can launch "Xingyi Financial Management" just like Evergrande launched Evergrande Wealth, and raise funds for the real estate sector.

Such costs are much lower than the interest rate of mortgage bank loans.

Moreover, Evergrande Financial Management will cheat people, but Xingyi Financial Management will not.

On the contrary, Xingyi Financial Management will use Xingyi Real Estate’s land reserves as collateral, which can not only guarantee good returns, but also ensure the safety of the principal!

It can be said that as long as the Internet banking license is obtained, the cost of Xingyi Real Estate’s mortgage loan will become very low, very low.

These advantages are not possessed by Evergrande, Country Garden, Vanke and Poly.

The key right now is when the Internet banking license will be issued.

Is it the middle of the year or the second half of the year?

After all, Xingyi Real Estate’s large-scale land acquisition activities have already begun.

In the next eight months, we will need to acquire nearly 2 million square meters of land, which will require a mortgage loan.

It would be great if the Internet banking license could be issued as soon as possible.

If it has to wait until the second half of the year, then the problem will be serious and Wang Yi will have to prepare other backup plans.

Thinking of this, Wang Yi made a phone call:
"Si Ning, Xingyi Real Estate has started to acquire land crazily. In the next eight months, it will acquire 1.9 million square meters of land. It requires a lot of funds. Is there any latest news from the Internet Bank?"

Song Sining instantly understood what Wang Yi meant.

Acquiring 200 million square meters of land a year requires trillions of funds.

Xingyi Technology cannot provide it either, so it must be done through financial operations.

But bank mortgage loans have high interest rates and high loan costs.

But if Xingyi Technology obtains an Internet banking license and conducts loan operations through its own Xingyi Bank, the cost will be lower.

Moreover, the interest is earned by Xingyi Bank, and the profit is kept in the pot, which is better than having it earned by other banks.

"Chairman, let me make an appointment to meet Mr. Zhou."

We have to talk to Mr. Zhou about this matter.

It was Mr. Zhou who pushed for Xingyi Technology to make a large investment in Shanghai.

Including the license of Xingyi Automobile, which was quickly obtained thanks to Mr. Zhou’s help. The 200 billion interest-free loan from Shanghai and a series of preferential policies were also facilitated by Mr. Zhou.

Similarly, the matter of Internet banking still depends on Mr. Zhou.

And Mr. Zhou would not refuse this.

It’s simple, the headquarters of Xingyi Finance is located in Shanghai!

Once Xingyi Technology obtains the Internet banking license and establishes Xingyi Bank, it will also be located in Shanghai.

This will be of great benefit to the development of Xingyi Technology and will also give a great boost to the development of Magic City.

As the national financial center, both Mr. Zhou and Shanghai hope that the first Internet banking license will be awarded to Xingyi Technology, which means Shanghai.

On the contrary, if it falls on Tencent or Alibaba, it will fall on the Shenzhen or Hangzhou Stock Exchange.

It can be said that when it comes to Internet banking licenses, Xingyi Finance and Modou are on the same front.

"If Elder Zhou comes forward, this matter won't be a big problem, and I will also help push it forward!"

Wang Yi decided to show his strength!

Showing its strength and acquiring land crazily, it let the Magic City and the village see the development direction and strength of Xingyi Technology, and let them see that Xingyi Technology is going to focus on the real estate business and acquire land crazily.

This way, the Demon City will be happy and the village will be even more excited!
Then the Internet banking license will be secure and can even be issued quickly.

The real estate industry has been very sluggish in recent years, and major real estate giants have not been active in acquiring land. Basically, they develop 3000 square meters of land each year and acquire 3000 square meters of land. They develop 1000 square meters and acquire 1000 square meters of land.

Some even develop 2000 square meters of land but only take 1500 square meters, which directly leads to the consumption of land being greater than the purchase of land, resulting in a decline in land reserves. If developers do not take the land, the land will be unsalable, the purchase income will decline, and the local fiscal revenue will decline, which will directly lead to a series of problems.

This includes but is not limited to the fact that local governments have no money to develop new cities, no money to upgrade public facilities, and even no money to pay salaries within the system.

This is not a good thing, and it is something that neither the local government nor the village wants to see.

On the contrary, if real estate developers are actively acquiring land and local fiscal revenue increases, there will be more funds to build new cities, commercial complexes, schools, high-end hospitals, cultural centers, art galleries, and even subways, light rail, etc., to achieve the upgrading of supporting facilities in the entire city.

In this way, cities can develop better, with higher GDP and higher income in all walks of life.

This is what the village and the local area want to see and support.

But things are not going as planned. The real estate market is in a downturn and no one is willing to buy land. The economic downturn has also affected all walks of life.

The most obvious thing is that everyone has low income, poor economic vitality, poor urban interface, and no money for large-scale development, infrastructure, or upgrades.

During this depressed period, when other real estate developers were unwilling to acquire land, Xingyi Technology went the other way and acquired land frantically and in large quantities!
This will make the local authorities and the village happy, excited and supportive!
Naturally, there will be more support for Xingyi Technology and Xingyi Finance, and the Internet banking license will be secured.

This is also one of the purposes of Wang Yi’s proposed 5 million cubic meters of land reserve strategy!

Wang Yi changed the subject: "But even if I cooperate, the decentralization of Internet banking licenses will take time and process."

"Yes, Chairman, it will take at least three months, or even longer. It will probably be in the second half of the year, so we have to solve the funding problem for the next three or four months ourselves." Song Sining agreed.

"That's right, so we have to prepare for both situations. So, Si Ning, arrange for Xingyi Finance to launch a real estate fund to raise funds from the public. Features: low-risk and stable financial management, using Xingyi Real Estate's land reserves as a guarantee and Xingyi Technology as an endorsement, launching a six-month short-term zero-risk financial management with guaranteed principal and interest, with an interest rate of 3.5%-5%."

Bank deposit interest rates in 2014 are still very high, with the one-year fixed deposit rate reaching as high as 3%!

Xingyi Technology's Yu'ebao offers a current account management product with an interest rate of 3-4% that can be withdrawn at any time, which is higher than the bank's one-year fixed deposit rate.

Therefore, the interest rate of Xingyi Real Estate’s fund can only be higher!

The interest rate is 3.5%-5%, and the actual median is only around 4%.

This interest rate was not considered high in 2014, and many banks’ financial products were at about the same level.

But the difference is that the bank’s financial management does not guarantee principal or interest, while Xingyi Real Estate’s financial management does guarantee principal and interest, has land reserves as a guarantee, and is endorsed by Xingyi Technology Group!

This alone reassures many people.

With this kind of zero-risk financial management, it doesn’t matter even if the interest rate is a little lower, let alone it’s not low.

"The interest rate is 3.5%-5%, it's a 6-month short-term financial management, the principal is guaranteed, and there is land reserve as collateral. It's backed by the group, so there's no problem, it will definitely sell well!"

Song Si Ning smiled and said, "I'll arrange it right away."

Song Si Ning acted decisively and immediately convened a high-level video conference to arrange this matter.

Once the real estate sector fund goes online, it can greatly alleviate the pressure on Xingyi Real Estate.

Of course, it needs to be filed, reviewed, and followed through with procedures.

However, it takes time for Xingyi Real Estate to inspect and bid for the land. There is also a certain time limit for paying the balance after the auction, so it is not necessary to pay the full amount immediately.

In this way, the real estate fund can almost be launched and just fill in the gap.

A loan cost of 4% was considered very low in 2014.

After all, the bank’s annual fixed deposit rate is 3%!

As more and more land is acquired in the future, more and more money will be needed. Even if the real estate fund cannot support it, it’s okay. By then, the Internet bank license will be almost available, and Xingyi Bank can take over.

With Xingyi Real Estate Fund and Xingyi Bank, Xingyi Real Estate's loan costs will become very low, very low, much lower than bank mortgage loans.

As long as we can hold on until the second half of 2016, we will be able to achieve great victory.

Since the second half of 2016, land prices and housing prices have skyrocketed several times.

For example, the land near the Olympic Sports Center, now after Wang Yi deducts the cost of acquiring the land, the floor price is only 1200 yuan per square meter. By the end of 2016, it will be 1 yuan per square meter. In 2017, the floor price will be 1.5 yuan per square meter!
This is just the appreciation of the floor price. The housing prices after it is developed into a residential community will have higher profits.

The next day, Wang Yi attended the signing ceremony of Jeju Eastern New City, which was attended by many media.

A series of major projects, ranging from 5,000 acres of residential land to the construction of hospitals, schools, and the Xingyi Smart City commercial complex, have all been signed.

It is worth mentioning that in order to better boost the influence and development of Xingyi Real Estate, the Wujie Smart City originally located at Mayu Technology was also renamed Xingyi Smart City in the High-tech Zone.

The other is Xingyi Smart City in Lishan District, which is the future CBD Xingyi Smart City.

After the signing, it was time for media interviews, and Wang Yi was immediately surrounded by many reporters:
"Mr. Wang, Xingyi Technology has acquired 5000 acres of residential land in the eastern suburbs of Jeju. Are you very optimistic about the development of the eastern suburbs?"

“I am very optimistic about the development of the Eastern New City. The development of a city is a process of bringing forth the old and getting rid of the old. Now the construction of the Eastern New City has just started, and it may not be prosperous enough, but within three years, the Eastern New City will become the most prosperous and modern area in the entire Jeju, and even the entire province!”

"Director Wang, Xingyi Technology has acquired so much land at one time. Is it going to focus on the real estate business?"

"Yes, in addition to Jeju, Xingyi Real Estate has acquired a large amount of land in the capital, Shanghai, Shenzhen, and the island city. This is just a starting point. Next, Xingyi Real Estate will continue to acquire land in many first-, second-, and third-tier cities across the country, and focus on real estate to provide you with more high-end quality, more excellent apartment types, more beautiful environments, and more complete supporting projects and homes."

"Mr. Wang, you mentioned supporting facilities. Will Jeju New City have commercial supporting facilities?"

"Of course. Currently, our first large-scale commercial complex Xingyi Smart City, located in Meiyou Technology Park, is actively recruiting investors. The commercial area is as high as 20 square meters, which will not only fill the gap in commercial complexes in the Eastern New City, but also serve as a benchmark for the entire city and even the entire province."

"In addition, in addition to Xingyi Smart City in the High-tech Zone, Xingyi Real Estate will also build a second Xingyi Smart City in Lishan District, with a commercial area of ​​30 square meters, which will become the largest in the province and even rank among the best in the country!"

"Mr. Wang, will Xingyi Real Estate's community have weak school districts? After all, the high-quality school district houses are all located in the old city."

Wang Yi waved his hand and said, "No, the community we develop will be equipped with a 12-year school, from kindergarten to junior high school. And we will also introduce the top teachers from Wenxuan School to create a high-quality school district!"

"Mr. Wang, when will the Xingyi Real Estate community start construction and when will it be listed? Will it be like other real estate projects, with the risk of exaggeration or even failure?"

"No. The characteristic of Xingyi Real Estate is to build commercial, industrial and supporting facilities first, and then build and sell houses. In the new city in the eastern part of Jeju, our industry has been built. Meiyou Technology Park, Wujie Technology Park, Xingyi Technology Northern Center, and Shandong Provincial Headquarters will all provide a large number of high-end jobs."

"In the next two years, Xingyi Technology will continue to invest hundreds of billions of yuan to build commercial complexes, schools, and hospitals. Only then will we sell the houses after we have completed all the supporting facilities."

"We don't even rule out the sale of ready-made homes. Whether it's commercial, industrial, school, medical or other supporting facilities, or the quality of our homes, what you see is what you get. You can buy with confidence and live in peace of mind!"

"Wow!"

Thunderous applause resounded throughout the venue. Everyone was excited, and the audience watching the live broadcast were even more excited:

“Develop supporting facilities first, then sell houses!”

"Xingyi Real Estate is very conscientious."

"Yes, many real estate developers boasted about the property before the purchase, but after the delivery, it was hard to describe. It would be a pain to talk about it."

"At least you delivered the project, but my project was left unfinished and the developer ran away."

"Me too. It's too hard. I've spent half my life's hard work and all the money I've saved from six wallets. I don't want to live anymore!"

"Xingyi Technology is really conscientious. The houses are ready for sale. What you see is what you get. It's really conscientious!"

"That's right, I've decided. If I want to buy a house, I'll buy one from Xingyi Technology. The main thing is that I can rest assured."

"It's not just about the ready-made houses that I can rest assured about. I also trust Mr. Wang's character and the strength of Xingyi Technology."

“Other real estate developers have all gone bankrupt, and even giants like Xingyi Technology can’t get there.”

"That makes sense, Mr. Wang. Xingyi Technology is a brand name that is trustworthy."

"I am a fan of Xingyi Technology. Xingyi mobile phones are unique in the world, Xingyi tablets are also very good, and the houses opened by Xingyi Real Estate must be good too."

"Yes, Xingyi Technology is a company that is good at creating miracles and never disappoints anyone."

"Work hard, save money, and try to buy a house from Xingyi Technology."

“These two large commercial complexes are really amazing. The future of Greater East Suburb is worth looking forward to.”

"We have introduced Wenxuan's teaching staff and the Provincial Hospital to build the East Branch of the Provincial Hospital! God, the education and medical care are both top-notch, plus the current strong industrial supporting facilities, the future is limitless."

"Buy it, you must buy it! Buy the house from Xingyi Real Estate!"

……

No one is surprised that Xingyi Real Estate has monopolized the hot searches these days.

With such a big investment, they first built industrial and commercial facilities, and then sold the houses. What you see is what you get when the houses are put on sale...

This series of concepts and declarations make all home buyers extremely convinced and eager to buy.

When ordinary people buy houses, they are afraid that they are unreliable.

But Xingyi Real Estate has the endorsement of Wang Yi, the support of Xingyi Technology Group, and the promise to build supporting facilities first and then develop the community, which is really reassuring.

Especially when the houses are ready for sale, there is no need to worry.

For a time, people in Jeju were excited, and home buyers in the island city, the imperial capital, the magic city, and Shenzhen were all excited.

Everyone wants to wait for Xingyi Real Estate’s houses to be listed and buy them with cash.

Even home buyers in other cities are looking forward to Xingyi Real Estate acquiring land and developing in their cities.

But several major real estate giants were collectively angry.

Evergrande headquarters.

Director Xu was very angry: "First, they spent money to build industrial and commercial facilities, and then developed houses to make money. First they spent money, and then they made money! How can you do that?"

“We also want to sell the houses right now, so what you see is what you get!”

"Mad, aren't you here to cause trouble?"

(End of this chapter)