Pioneer of the Rebirth Era
Chapter 637: Cant collapse for the time being
Devastated by the financial crisis, Japanese banks and securities companies went bankrupt in October, and the Southeast Asian financial crisis evolved into the Asian financial crisis.
The entire Asian financial market seems to be in a state of daggers and swords. Even Hong Kong, which has held on for a while, although the Hang Seng Index has held on, the real estate industry is showing signs of collapse due to the impact of the financial market.
In September, Hong Kong's real estate fell for the first time in nearly three years, which made many people instantly feel uneasy.
On the first day of October, when the mainland was celebrating the National Day, Hong Kong real estate fell by 20%, which almost made people who were already worried almost avoid a heart attack.
Major real estate developers began to be interviewed, and banks began to be closely monitored by the government. Hong Kong citizens, who had withstood the financial crisis for a while and had no time to cheer, suddenly felt that they were stepping on an abyss instead of a mountain of gold and silver. This bright oriental star
Ming suddenly became precarious.
Rumors that the mainland government would take over Hong Kong's real estate market, mainland companies would set up headquarters in Hong Kong, and that officials would force government officials to purchase real estate in Hong Kong were exposed one after another, just like invisible hands.
Once again, crazy real estate speculators are pushed into the abyss.
In fact, the property market did not fall so badly at the beginning, although I did not see news reports in mainland newspapers that mainland China would take over Hong Kong real estate.
But after all, Hong Kong has withstood the international speculators' blockade of the Hong Kong dollar and has become the least damaged in this financial crisis. Therefore, everyone is still optimistic about Hong Kong's economy.
But as time goes by a little bit, Hong Kong, which returned to China in July, is now in November. There is still no intention from the mainland government to accept real estate.
As a result, the first group of people who were in debt and frantically speculating in real estate couldn't hold it any longer, so house prices fell rapidly. However, although house prices fell, they did not collapse immediately.
After all, most of the houses are in the hands of big capital, and all capital knows that if Hong Kong's housing prices collapse, although it will be difficult for the government and the people, they will also lose half their lives.
Therefore, they have never been more united and began to cooperate with the government, releasing all kinds of good news, hoping to stabilize housing prices. But this kind of stabilization is obviously a poison to quench thirst. As long as the mainland does not send out obvious signals of taking over.
As time goes by, the people will lose patience little by little, so all current efforts to maintain stability are just slow suicide, because the mainland cannot take the blame.
"Will it completely collapse?" In a high-end apartment in Hong Kong, Zhou Ya, who was wiping her hair after taking a shower, walked up to Yang Dongxu and asked as he saw that he was reading the latest data reports.
"The collapse will definitely happen, but it will not happen immediately, but will take several years. The collapse in the past few years is not as terrible as imagined." Yang Dongxu put down the statistics in his hand and said.
The strength of capital is obviously much stronger than that of the people. Because of the existence of this troublemaker, many British capitals were tied up in Hong Kong and did not leave in time, so they must try their best to stabilize the situation and prevent their assets from falling.
Mountains of gold and silver become rubbish.
Moreover, it seems that the sudden 20% drop is very serious, but the house prices that have fallen now are part of the crazy speculation after 1995. For these capitals, it is not a big deal at all, and there is not a big loss. It’s not a big deal.
Housing prices are back to 1995.
It would take another four years before these people would really feel the pain of cutting their flesh, that is, after 2001. At that time, Hong Kong's housing prices, which had fallen for four consecutive years, made everyone lose hope. The capital chains of some capitals also began to collapse, and they had to
They sold their properties at low prices to stop losses, which caused a complete collapse of Hong Kong's real estate.
Therefore, it may seem that housing prices fell horribly in an instant, but the losses were only those real estate speculators who later poured in crazily. For most people and capital, it just feels scary, and in fact there is not much loss.
"Then it really breaks down, will you..." Zhou Ya looked at Yang Dongxu with some worry. As long as she was around Yang Dongxu, she was too lazy to think about many things, and the queen instantly turned into a simple little girl.
, all my thoughts are focused on the man in front of me, and I rarely think about other things.
"Aren't you thinking too much?" Yang Dongxu smiled and stopped Zhou Ya to sit in his arms: "Not to mention that I am also responding to the government's call to cooperate with the stabilization of housing prices. I will not sell a set in the future.
If you own a house, no one can bring it up. Besides, if a matchmaker is in charge of matchmaking, can she also control whether someone will give birth to a son after they get married?"
At first, he actually thought about adding fuel to the fire and letting Hong Kong's real estate collapse completely now to avoid long nights and nightmares. But after thinking about it confidently, he felt that it would be better to let time settle slowly.
After all, Hong Kong just returned to the motherland this year, and the first year has not yet ended. The real estate industry has completely collapsed and people are everywhere. This is not something that can be accepted generously by either the current SAR government or the mainland government. Maybe it will be done by then.
Pick out his thorny head and beat it.
So the stalemate is going to be like this now, giving everyone a little more time to relax. Now that he has made a lot of gains in the international financial market, he no longer has financial pressure. The money invested in Hong Kong real estate now should be regarded as long-term investment.
.
Anyway, even if Hong Kong real estate continues to fall for six or seven years, it will always rise in the future. And the rise will be even crazier than it is now. This is an investment with guaranteed profits and extremely high returns. There is no need to worry. He even thought
In a few years, when Hong Kong's real estate is at its lowest point, why not try to buy the bottom and see if Yang Bancheng can become Yang Quancheng?
"When will this financial crisis end?" Zhou Ya adjusted her body to make herself more comfortable in Yang Dongxu's arms.
"I'm not sure about the specifics. Let's see what international capital thinks. They have already blocked the Hong Kong dollar twice, and it would not be surprising if they try to do it a third time. Even if they see that Hong Kong cannot do anything, they will once again burn the fire to other countries and then cut it.
It’s not necessarily a wave of leeks to make up for your losses.”
Yang Dongxu only remembered the financial crisis. He really didn't know how long it lasted. However, it seems that the international capital that has made gains in the Japanese and Korean financial markets has no intention of retreating.
After all, although international capital comes for money, you won’t believe it if you say it has no political purpose. Otherwise, on the first day of Hong Kong’s return, the Thai baht would collapse on the second day, and then a financial crisis would sweep across Asia.
, such a coincidence cannot be arranged in this way even if God is resurrected, right?
Therefore, whether the financial crisis is over depends on whether the giant crocodiles hiding in the deep waters will think about it a third or fourth time after trying twice but failing to get rid of Hong Kong, the main target.
, and many more times.
If they stop, then this matter will be officially over, and there will be only some aftermath. If they insist on not giving up, then they know that this financial crisis will last until the Year of the Monkey.
You'll Also Like
-
Douluo: Don't touch my brother Tang San
Chapter 491 10 hours ago -
Gintama Naruto
Chapter 156 10 hours ago -
One Piece: Master Kaido, online teaching
Chapter 780 10 hours ago -
Douluo: My martial soul is the ten fierce sky horned ants
Chapter 869 10 hours ago -
Digimon Invasion
Chapter 149 10 hours ago -
Douluo: Starting from traveling through Zhu Zhuqing
Chapter 45 10 hours ago -
Huo Yuhao's sister in Douluo continent
Chapter 128 10 hours ago -
Fishing the Sky in the Marvel Universe
Chapter 55 10 hours ago -
I take the system through Dou Po
Chapter 1207 10 hours ago -
The Bizarre Adventure of Pirates
Chapter 1024 10 hours ago