After the entertainment industry ceremony ended.

Chen Pingsheng still met many old acquaintances, such as Yang Mi, Liu Yifei and others.

Another example is Zhao Liying, Shishi and others.

The entertainment industry that was so popular before, who would have thought that it has now been beaten by short videos and short dramas without any ability to fight back.

He shook his head and didn't think about it anymore.

Days passed slowly, and it was mid-October in a blink of an eye.

He was drinking tea at the group headquarters, watching the clouds rolling in the big magic city.

There was a big news from the real estate industry. The once glorious Hengda Xu Belt was completely exposed.

And the debt amount he exposed this time was as high as 2 trillion.

What concept?

An unimaginable number.

This also gave the real estate industry, which is now in a precarious situation, a heavy hammer.

To say how exaggerated this debt is, most people would be so angry after hearing it.

Brother Belt's wave is really a big deal.

Including the listed companies that were dragged down by Xu Belt, there are no less than 17 or 18 if there are not 30.

As soon as the news came out, it can be said that the entire financial world was shocked.

This is not the most terrible thing.

The most terrible thing is that in some places, only a gate was built, but the houses were sold out.

So many buyers are still waiting to receive the houses. Just imagine how big the contradiction is.

If something happens, it must be solved. Brother Belt has been restricted in his freedom.

As for the car manufacturing he did, it was just a joke.

Even Peng Ying called him and said that many relatives in his hometown had bought Hengda pre-sale houses. What should he do now?

What else can he do?

Wait for the upper level to clean up the mess.

Peng Ying asked how many years it would take to wait?

In fact, Chen Pingsheng didn't know. It could be three years, five years, or ten years.

Who can say for sure?

If it is in the stage of rapid housing price increase, then this kind of unfinished building can easily find a buyer after waiting for two years.

Once the housing price is stable or even going down.

It is impossible for private enterprises to take over. That is not a good thing, but a sucker.

The ones who were hurt the most were definitely those who paid the down payment and made repayments on time but could not get the house.

If you don't experience the pain of these people, and just look at the report on the table, you can't feel the despair.

Tang Jing also came to him, saying that Song Shuiqing's husband's family, Tang Li's mother came to see him.

She was the kind that couldn't be stopped. Su Xiaoxi's mother and Su Changlin, the chairman of Su's Real Estate, came with her.

"Arrange them to go to the reception room."

Chen Pingsheng knew that these people came mainly because they couldn't hold on. He actually said before that they didn't need to come to him until they couldn't hold on at all.

Once Xu's belt exploded, their lives would be in big trouble.

The most intuitive point is that no one dared to buy pre-sale houses anymore.

This is equivalent to cutting off the cash flow of these real estate developers to a great extent.

If it had happened a few years ago, there wouldn't be such a big trouble. As for now, having no money is really a life-threatening thing.

The four people waited in the reception room for about half an hour before Chen Pingsheng finally arrived.

It's not that he was showing off, he just wanted them to understand that if they wanted to borrow money from him, they shouldn't talk about those indifferent friends and relatives.

Really show them the assets they have, such as undeveloped land, or commercial real estate.

If they asked him to borrow money with interest, wouldn't that be treating him like a fool?

If they talked about interest at this time, they would lose the principal.

Tang Jing sat with him, holding a notebook in his hand to record the meeting.

Chen Pingsheng said, "I know why you are here, and I know what your current situation is. I won't say any more nonsense. It's impossible to lend you money, but I can acquire some of your assets through other means. Now you can speak."

Strong, still as strong as ever.

There is no way, I can't find a reason to refute, who told me that at this time, he was the only one with a lot of money.

Tang's mother thought for a while and said, "Mr. Chen, you have the Global Economic Research Institute, and nothing can be hidden from you. Then I will tell you the truth. Our Tang family has a total debt of 190 billion, and the land reserves we still have are no less than 120 billion. Counting those unsold houses and commercial assets, the total assets are obviously higher than the total liabilities."

"It's meaningless to say this."

Chen Pingsheng said, "Everyone knows that you still have a large amount of land reserves. If you calculate it this year, it may be worth 120 billion, but it may only be worth 100 billion next year, and it will only be 80 billion after another year. The biggest problem now is that land assets will depreciate over time, but liabilities will not. On the contrary, the interest generated by liabilities every day is an unimaginable number for you.

"I believe there is no need for me to calculate the difference between the positive and negative. "

Mother Tang and her son Tang Li's faces changed again and again. The actual situation was indeed as Chen Pingsheng said.

This is the most troublesome thing, and the last fantasy in the hearts of the Tang family and the Su family is to wait for the upper level to rescue the market.

There are many ways to rescue the market, and the most direct one is to open the floodgates.

Borrow bank funds to help them with turnover, and another way is to issue trillions of funds as in 2008.

"My Tang family owns two pretty good residential lands, one in Jing'an and one in Jinshan. Our family bought these at the end of last year. One piece is 12.8 billion and the other is 9.8 billion. I can sell it at the original price."

All real estate companies stock up some land in advance every year. This is a normal operation.

It's just that Tang's mother underestimated Chen Pingsheng, although he wouldn't have added insult to injury.

But I definitely won’t be the one to take over the land acquired at the end of 19.

To be honest, the land at that time was considered to be at a high level.

In the future, the two-level differentiation of houses will be quite serious.

The core areas can still be somewhat stable, but those slightly more remote locations will simply be ignored.

In this case, if he goes to the ground at the original price, he is not a fool.

"To be honest, last year I asked Shui Qing to repeatedly remind you of the Tang family to throw away everything that should be thrown away. I really didn't expect that you would dare to spend tens of billions to hoard land under such circumstances."

Chen Pingsheng shook his head and said: "Our group, including myself, has already made an assessment of this situation. Perhaps within three years, housing prices will return to the level of 2015. You can sell the land now at the price of 2019." Me, tell me who should I go to to make up for the difference in price over the past four years?”

The shopping mall is very realistic. It is impossible for Chen Pingsheng to spend billions more for no reason because of Song Shuiqing's relationship.

That's really stupid.

Besides, even if the Tang family sells these two pieces of land at the original price, they will still lose a lot.

Without it, bank interest.

Most of the money of real estate developers comes from banks and pre-sale funds from home buyers.

Normally, after the land is purchased, the land will be used to apply for a bank loan immediately.

Then use this money to develop, level the land, build a sales department and start selling.

After a set of procedures, real estate developers can earn between 10% and 15% of net profits.

This is still a very ideal situation, but the current situation is that the house cannot be turned around.

The bank interest must be repaid, and the land is stuck here. If it cannot be sold after development, it will be even worse.

No matter what, the Tang family took these two pieces of land, even if they didn't do anything, they would sell them to him at the original price.

It would also cost at least 17.8 billion.

He bought it now at a high price, and if he didn't get a loan, there would be no interest.

You will also lose the difference in price over four years.

The house price in 15 years can only correspond to the land price in 15 years.

Tang's mother almost took a breath. She wanted to ask if this was serious?

Back in 2015, don't tell her that the Tang family was going to die.

Can two of the top ten real estate developers in Shanghai still survive?

The Su family with higher debts will definitely die faster than her Tang family.

The Tang and Su families broke up unhappy, mainly because the price offered by Chen Pingsheng was too outrageous.

If they sell the land at the 15-year land transaction price, they will lose money.

Regardless of the superficial glory of real estate developers, that is only when nothing happens. Once something goes wrong, nothing will be stable.

After they left, Tang Jing asked him: "Big boss, why do you want to take over so much land?"

"Of course it's used to build houses."

Chen Pingsheng said: "I have so many employees. If we squeeze out the bank interest and land premium, most of the ordinary employees can still settle in the magic city. If we don't squeeze out this water, Jinshan will cost 30,000 to 40,000 per square meter." , plus the public share, it will probably contribute to this house in a lifetime. "

It is impossible to squeeze out the real estate water with the small money in the hands of employees.

Only he can do it, and there are too many employees who hope that he can re-acquire land and build houses.

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The houses Tengying had built before were completely insufficient.

Now, a number of villa areas have been built.

As a boss, he can't just think about everything for himself.

Tang's mother was so angry when she left. She thought Chen Pingsheng was too insincere.

He actually frightened her with a 15-year land price. She believed that this day would be impossible.

No matter how difficult it is to sell the house, the authorities will not allow the house price to drop to that level.

People who have bought a house will also not be happy.

It can be said that once housing prices really drop back to 15 years ago, she has no idea what the result will be.

As for the Su family, they naturally had the same idea as her.

Even if the two of them died, they would not sell off their family's high-quality land assets so quickly.

If this is sold, there will really be nothing left.

Their biggest expectation is that the authorities will rescue the market, and they cannot watch the house continue to depreciate in vain.

In fact, the house has not reached the stage of depreciation. It is just priceless and unsaleable.

This is essentially the same as cutting flesh with a soft knife.

I waited and waited, but the internet was full of news about Brother Belt.

The biggest things that Brother Belt has done in the past few years are building cars and football.

Football has seemed to be very prosperous in recent years.

Any domestic football player can easily earn tens of millions in annual salary.

It can be as high as hundreds of millions or even hundreds of millions.

The concept of Jinyuan Football is clearly played by Brother Belt.

If there wasn't another World Cup, ordinary people would think that Chinese football is truly world-class.

When you catch up with the World Cup, your true colors will be revealed immediately.

After all, there is no way to bribe the other team's football players.

Once they can no longer be bought off with money, those small countries in war can beat these domestic leather teams.

The leather brother who used to erect statues everywhere is now trembling and in danger.

As for Chen Pingsheng himself, he has given standards for all those who want to borrow money from him.

All of them must sell core assets to get the money.

And the standard for pricing those core assets cannot be lower.

In late October, Wang Yanfeng's father came to Shanghai quietly.

After talking with Chen Pingsheng for almost an hour, I don't know what was specifically determined.

The commercial assets of Lao Wang's family are still very stable, but it's a pity that this veteran in the mall is also unstable now.

After he went home, Song Yanxi asked him what was going on.

Chen Pingsheng said: "Lao Wang plans to sell me some shares of Wanda Commercial Management."

Wanda Commercial Management is a well-known commercial asset in China. Just look at the Wanda Plazas developed everywhere in China.

"How much did he set the price?"

"180 billion, and plans to sell 20%."

"The valuation was still 200 billion in the past two years."

"Almost!"

Chen Pingsheng said: "He wants to complete the domestic A-share listing through a gambling agreement. This is a risky move. If it succeeds, it's fine. If it doesn't, all the hard work over the years will be wasted."

Song Yanxi said: "From this, we can see that the lack of cash reserves in enterprises can really be fatal at critical moments. These companies used to expand with crazy loans, but now the situation has changed, and everyone is wearing a tight ring. Fortunately, our family has not had many loans for so many years."

"Yes, only without loans can we sleep peacefully."

Chen Pingsheng said: "We don't actually have much reserve funds, but with Nvidia shares there, we can withdraw 10 to 20 billion US dollars at any time."

It is also because there is no bank loan that the two of them don't need so much cash reserves.

No one is urging them to pay back the money, so why do they need too much cash?

"Are you going to buy his Wanda shares?"

"I have a little idea."

Chen Pingsheng said: "Anyway, the rental income of his Wanda Commercial Management is still very stable. In addition, after so many years of operation, if we take it over, it will be a big benefit to the business layout of the entire Tengying Group. The most important thing is that this rental income is very stable now. The only pity is that he is only willing to sell 20% at most. I am not very interested in this kind of equity that cannot be controlled."

"Is it difficult for you to buy his controlling stake?"

"It is probably impossible now. Who can tell the future?"

Chen Pingsheng was too lazy to think about it. Since he couldn't buy the controlling stake, he didn't want it.

If you want to make money in the past, you have to make those small businesses step by step.

But now it's different. Be patient, there are a lot of high-quality companies waiting for him to choose.

All he needs is to have a keen eye for gold.

Whether it's the Tang and Su families or the Wanda Commercial on Lao Wang's side, it's because they haven't completely reached the point where they despair.

When they reach that point, they will find that they have to sell it.

In recent years, the most important thing for Chen Pingsheng is to maintain his family's basic market.

It doesn't matter if the traditional sector loses tens or hundreds of billions a year.

Everyone is losing money, and it is difficult for him to stay out of it.

The most important thing is to make Tengfei New Energy a world-class enterprise.

And the AI ​​intelligence he invested heavily in.

As for the others, the core is big investment.

There is also good news. Nvidia's stock price has also exceeded 600 billion US dollars.

When it reaches 700 billion US dollars, he may cash out the principal.

Roughly 1.5% will be cashed out first to meet the investment needs of the entire group in 2021.

In fact, he really doesn't lack money at all.

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