Hong Kong Island Old Events

"Enough!"

Zhou Xinian stared at the young man in front of him and sighed in his heart. It seemed that after he led the Chamber of Commerce to fight back the British capital last time, he already had a popular reputation in the Chamber of Commerce and was able to organize the forces of the Chamber of Commerce to fight an offensive war.

If this attack is successful and Huazi can loot Gui Lao for the first time, then no one will be able to shake his prestige within the Chamber of Commerce.

"Thank you."

“At that time, Councilor Zhou will also need more support.”

He Dingxian smiled and drank the wine.

In fact, there is an important reason why he can announce in public that he is uniting the Chamber of Commerce. That is, all chambers of commerce have been harmed in the financial war, and everyone is holding a bad breath in their hearts.

Not only did the four major families want to give the British capital a warning, but all the Chinese capital also wanted to fight back.

The ghost guy is even worse.

The happier they are.

If you do something that conforms to public opinion, you won’t have to worry about no one supporting it.

The right way in the world does not require conspiracy.

"However, before we can launch an attack on British capital, we have to wait for a while to allow Chinese capital to recover its strength." He Dingxian understood in his heart: "Although Chinese capital escaped from the financial war, a lot of capital flowed out, and a conservative atmosphere developed collectively."

"When people don't have enough cash on hand, they will originally reduce investment. What's more, they have just encountered a financial crisis because of chasing the high real estate market, and they will naturally feel more nervous. It's not like being bitten by a snake once and being afraid of well ropes for ten years. In a short time, There is no money to spend on offensive funds during the time.”

After the geopolitical crisis exploded and British capital fled, Chinese capital must also be willing to use their money to buy at the bottom.

Since the Hong Kong government still has 30 years of rule, British capital will inevitably come back to continue investing after they have fled for a while. Like Hong Kong Island, where the economy is on the rise and has shipping advantages, there are not many cities that are experiencing port explosions.

The British colony was unique, which resulted in the phenomenon of British capital fleeing and returning several times. Just as foreign capital flees and then returns to the mainland in later generations, hot money will always flow to areas with the highest returns.

What the Chinese capital has to do is to fight for the market, keep the wealth created by the Chinese people with their hard work, and prevent foreign capital from sucking the blood out of the economy.

In financial warfare, local assets are inherently righteous.

But now even if the chamber of commerce bosses are all self-sufficient, it is still unknown how much money they can spend to buy the bottom. If the money is less, it will not be able to cut off the British capital, and it will make the British capital feel no pain.

Secondly, if the market cannot support the market, the market will hit the bottom and the economy will plummet.

It is not easy to restore the market value in a short period of time, but it will affect the future development of Hong Kong Island. In the long run, it will be a bit of a steal but a loss of rice. Therefore, in order to ensure the effectiveness of the attack on British capital, it is necessary to give Chinese capital some time to accumulate strength.

It will take at least half a year to a year to smooth out the impact of the last financial war.

One month later.

Luo Wenhui, Jian Leqiang, and Luo Wenjin all proposed regulations to strengthen bank capital security at the Legislative Council, a total of 18 articles, also known as the "Banking Supervision Clauses." After the clause was proposed in the Legislative Council, it was submitted to the Financial Services Bureau committee for review and voting. In the first vote, except Luo Wenhui, who was in favor, the remaining seven members were all opposed.

The Legislative Council system on Hong Kong Island adopts a hierarchical system. There are multiple committees within the Legislative Council, such as the Education Committee, the Transport Advisory Committee that previously proposed a proposal to increase ferry fares, and the Finance Committee responsible for the Financial Services Bureau.

The Legislative Council itself is responsible for Hong Kong Island’s Criminal Law and the future Basic Law, and has the power to propose amendments to relevant regulations. Laws involving the operation of various departments, such as the Police Regulations and the Banking Supervision Ordinance, are all It is distributed by the Legislative Council to each group for discussion, revision, and voting.

At present, Hong Kong Island uses the contents of the "Emperor's Promise", "Privy Council Order", "Royal Instruction", "Special Article to Expand the Boundary Site of Hong Kong Island", and the "Treaty of Nanjing" as the "Supreme Constitution" to ensure that Britain has The orthodox jurisprudence of Hong Kong Island.

Later, the Sino-British Joint Declaration will also be at the constitutional level.

Kan Leqiang is a member of the Transportation Advisory Committee, Luo Wenjin is a member of the Disciplined Services Committee, and Luo Wenhui is a member of the Finance Committee. Members of the group are elected every two years and are replaced faster than the members' terms to avoid collusion between members and the regulated parties.

If you don't know the ropes, you won't find the right person to bribe. However, lobbying parliamentarians has always been the largest part of public sales for many foreign companies and government departments every year.

"The 18 regulatory provisions this time will not only be implemented for Chinese people, but also regulate ghosts. Naturally, the one member of the Financial Committee who is ghost will not vote for it." Luo Wenhui was sitting in the office of Luo Wenjin's barrister. , wearing a suit, crossed his legs, and said in a calm tone: "After all, British capital is currently the beneficiary of the brutal market. All kinds of fund misappropriation and illegal sales of financial products can bring a large amount of revenue every year."

Luo Wenjin wore glasses and said politely: "It doesn't matter, now we just need to propose, revise, and be responsible for advancing it."

"Adults will not reason with children, and they hope to always control the child. Reason is the rule between two adults. The British boss is unwilling to discuss the rules with us because he has not yet taken our performance seriously."

"Someone."

"It will make them look at it."

End of month.

Lixin Real Estate, Huo Xiantang Real Estate and Oriental Bank signed a "Real Estate Development Cooperation Agreement", with Oriental Bank as the guarantor, guaranteeing that the two real estate developers have the ability to sell "off-the-plan properties". If the real estate project developed by it fails to be completed as scheduled after the pre-sale of the "off-the-plan" property, and there is a funding break, Oriental Bank will contribute the capital to advance the project until the property is delivered.

The "off-plan properties" known to people in Hong Kong are also the "pre-sale properties" in Chinese culture. The "off-plan property" system appeared in newspapers for the first time.

Starting from "off-the-plan properties", real estate has been completely labeled as a financial product, and financial valuations have appeared in house prices.

Because, from the purchase to the sale of real estate, financial instruments are used for the first time. Since financial instruments are used, they are financial products in a substantial sense. When a sales flyer showed that you could buy a 1,000-square-foot house on a reclaimed land in West Kowloon for only NT$30,000, customers from the Kowloon City area flocked to the house and took out their family savings to pay for the house in advance.

A house of the same location and size currently sells for 35,000 yuan. The 5,000 yuan saved by buying an "off-the-plan" property is already a huge sum of money for many home buyers. If you can save it, then the "off-the-plan property" will be better. When the property market goes down, it will definitely sell for cheaper than an existing home in the same period. When the property market goes up, it will definitely sell for more than an ordinary existing home.

The closing time of two to three years is largely acceptable to customers with the expectation of "saving money" or "making money". You know, there are at least one million people in the shantytowns of the New Territories and Kowloon who need to improve their housing!

These one million people are accumulating living capital by washing dishes, moving goods, and doing hard labor. The first thing they do when they have money is to move out of shantytowns that frequently catch fire and "go upstairs" to live in new houses.

Hong Kong Island's property market has great potential. With a little stimulation, it immediately stopped falling and rebounded. A group of real estate banks and bosses became active again. Hot money re-entered real estate. Oriental Bank took the money returned by the real estate company and invested again in electrical appliances. factories and vigorously develop the electrical appliance industry.

Real estate owners can just look at the real estate industry.

He Dingxian is the boss of the banking industry and controls the lifeline of the Chinese economy. Naturally, he cannot buy whatever is hot. He uses real estate to make money from the public, and then invests in emerging industries such as electrical appliances and manufacturing. He cultivates the industrial chain so that the public can make money, and then uses real estate. Making money from the public through retail sales is a healthy economic cycle.

Everyone has a job and everyone has food to eat.

If you only use real estate to draw blood and do not develop emerging industries, eventually the bubble will burst sooner or later, and you will have to spit out what you have eaten. However, a city's industrial income and the average income of residents have actually been benchmarked against the upper limit of the property market.

Sometimes, whether a region is strong or not can really be seen by looking at the property prices.

Whether a district manager has a conscience can be seen by looking at the matter of buying a house. Sometimes, if you have land, don't complain that you can't afford a house. The price of the house is high. It's just that you can't afford it!

"This time I want to sell off-the-plan properties, but the ghost guy from the Urban Development Department still doesn't agree."

Lixin Real Estate.

Huo Guantai threw a copy on the table and said: "I spent a lot of money, and finally negotiated with Oriental Bank to get a pre-sale license and be able to issue pre-planned properties."

Previously, Fok Kwun Tai had always had the idea of ​​selling off-the-plan properties, but was suppressed by Ho Ting-hsien. After surviving the financial war, he could naturally adapt to the times and sell off-the-plan properties to stimulate the recovery of the property market, which would be beneficial to the Hong Kong economy.

However, the "off-the-plan" system carries investment risks at first glance. The biggest risk is that developers misappropriate property funds, do not develop, and run away with the money, leaving behind a bunch of unfinished buildings. However, the game between Gui Lao and Chinese capital has created a consumption environment that is fairer to the public.

For example, Hong Kong Island’s uncompleted property system has required bank guarantees to bear “unlimited joint and several liability” from the very beginning. If no bank is willing, the real estate company will not be able to obtain the rights to the uncompleted property. This is also why in the early days of Hong Kong Island, only Fok Kwun Tai wanted to do off-the-plan real estate and dared to do so. Because he used to have HSBC's thigh, but now he has Oriental Bank as his backer. If a capital does not have a strong financial institution to operate it, it will often encounter constraints.

If traders and real estate developers are a team, the bank only assumes regulatory responsibilities but does not bear real joint and several liability. Unexpectedly, many times people curse the inventor of "off-the-plan properties", but in fact, financial tools are just tools, and those who use tools Talent is the key!

Hong Kong Island is the birthplace of off-the-plan buildings, but unfinished buildings are actually rare.

He Dingxian opened the sales report on his desktop and saw that more than 200 houses were sold within a month of the release of the off-plan property. He couldn't help but feel secretly happy and said with a smile: "Brother Tai, you have sold off-the-plan properties. It's hard for others to learn from you."

"Everyone calls you the King of Buildings now."

Huo Guantai held a cigarette in his mouth and shook his head: "If we don't defeat the four major foreign companies, who among the Chinese will dare to be king?"

"OK."

"Then speed up your pace."

He also has "instalment" as a financial means in his hand, which is the magic stroke of "Sun Hung Kai"'s start-up. It is completely unnecessary to use it in the future and leave it to Sun Hung Kai. However, financial means have advantages and disadvantages and cannot be used at once. Too much stimulation.

At least we have to wait for ten or eight years for the real estate market to digest. As for the "share market", it is not a financial means. It is purely a "tax policy" proposed to cooperate with the Guilao government. It has no use at all except selling more land. .

The subsequent abolition of public stalls on Hong Kong Island also proved the error of the original policy.

For Hong Kong Island only, please do not read too much.