Reborn in Hong Kong: The Tycoon Grows Up

First of all, apart from Heiyun Group, there is currently no other industrial enterprise with the most advantages in Hong Kong. After all, other companies are small in scale, and the business they engage in does not have any technical content. If we do not find a way for small and medium-sized light industry enterprises to develop, the final result is simply predictable.

Bankruptcy may be the best option, but if they move collectively to mainland China, it may be even worse for the British.

Even if he doesn't understand economics, Youde is very clear that real estate cannot solve the core problem of urban development at all. Of course the financial industry can, but there is a drawback. That's too much volatility. If the city's stamina is insufficient and international hot money wants to deal with you, you may not be able to recover in one round.

During the Hong Kong dollar crisis, if the Heiyun Group had not dominated Kuanglan, then Hong Kong's currency system would have collapsed. These Youde are very clear. Although he knows that Xiangjiang has a physical problem, with his ability, he cannot find symptomatic drugs and treatments.

However, with Bao Zixuan making so much noise in Fucaira, Youde is even more worried about the economic future of Hong Kong. In recent years, Xiangjiang's economy has maintained rapid and stable development; it is directly related to Heiyun Group. If Heiyun Group hadn't grown too fast, the economy might even have declined.

After all, the business volume of other companies has shown a shrinking trend, and it is very obvious. But Bao Zixuan never came back, so he couldn't bother him. I can only wait, mainly because I understand in my heart; my wife and children are here, and there will be a time limit for business trips.

Shen Bi had long ago proposed that he would like to hold a Xiangjiang Bank meeting. However, Youde did not agree. Bao Zixuan did not come back, so the meeting was of little significance. Bankers in Hong Kong held a meeting, but as the boss of the largest bank in Hong Kong, he did not attend. Then the authority of the meeting will inevitably be questioned.

Moreover, the content of the meeting and the news released were not recognized by the public at all. At this moment, if the people in Xiangjiang choose between HSBC and Heiyun, the vast majority will choose the latter. Shen Bi also understood this, so he could only wait.

Bao Zixuan smiled and said: "There are many experts here when it comes to real estate. I am a layman. Even if I talk about it, I have no theoretical basis. If the Governor wants to ask me some questions about industrial manufacturing and aerospace, , maybe I can answer it.”

"But the real estate Heiyun Group has not engaged in development in related fields other than building office buildings and factories."

This is indeed the case. Heiyun Group is really not engaged in real estate development.

But Bao Zixuan is definitely not ignorant at all. After all, Hutchison Whampoa Company is going further and further in the field of commercial real estate.

Youde smiled and said: "Don't be modest and speak out boldly. This is not a job, just a chat between friends."

A super rich man and a governor; if they say they are chatting with friends, they will not believe it. But since Yoder has already said what he said, it would not be good if he said nothing.

Why Youde cares about real estate prices is actually very simple; in Xiangjiang, the real estate industry is a weathervane.

In the 1980s, the energy crisis occurred all over the world, and the Sino-British negotiations had a huge impact on Hong Kong. Many British companies in Hong Kong have withdrawn their capital, and many rich people in Hong Kong are also worried about their safety, so they also choose to immigrate. This triggered a huge economic crisis in Hong Kong.

Currently, the Hong Kong real estate market is roughly dominated by five companies, Cheung Kong Holdings, Henderson Land Development, New World, Hang Lung Properties and Sun Hung Kai. Among them, Hang Lung Properties almost went bankrupt during this crisis. Before the crisis came, Xiangjiang real estate reached a new peak, and Chen Zengxi, the owner of Hang Lung Real Estate, was even more crazy about expanding its land. As a result, the company was full of debt and almost went bankrupt in the end.

You must know that Hang Lung Properties is a well-known large enterprise in Hong Kong and one of the absolute giants in the real estate field. If it really goes bankrupt, it will have a huge impact on Xiangjiang. Such a big company almost collapsed. The specific situation of those small businesses without strength is even more difficult to imagine.

Moreover, the real estate market is not good, but it will have a chain reaction. Therefore, for the sake of political stability, of course we must find a way.

Yoder also wants to use this bankers meeting to get major banks to spend money to rescue the market. These people are super tycoons. If they are willing to invest, then things will definitely be alleviated.

In fact, the old guy's purpose is very simple. As long as there are no problems before the end of his term, it will be fine. As for what kind of mess his successor will inherit, it has nothing to do with him. He also thought about returning to London to take a step closer, if he did not have dazzling political achievements in Hong Kong; but there was no persuasion.

Therefore, when Shen Bi proposed to convene a meeting with the bosses of major banks, Youde did not refuse. It can be said that although the purposes of both parties are different, they both need to solve the problem through a meeting, which is why today's meeting took place.

Bao Zixuan thought for a while and said: "The current economic development in Xiangjiang is somewhat delayed, but this is also an inevitable law of economic development; and in my opinion, it is also a good thing. Real estate prices in Xiangjiang have increased five times from 1975 to 1981."

"If real estate prices rise too fast, it will inevitably suppress consumer demand; after all, as housing prices rise, the cost of buying a house for home buyers increases."

“For most ordinary families, buying a house requires spending two generations of savings. After buying a house, each expenditure must be carefully calculated so that it can last smoothly. At the same time, in addition to purchasing daily necessities, the purchasing power of items that improve life must also be paid attention to. It will be greatly reduced; the quality of life is greatly reduced, and the consumption demand of residents is also suppressed. In a city without consumption, or even a city that dares not to consume, one can imagine what the consequences will be."

"High housing prices drive high rents and increase residents' living costs; if wage increases continue to fail to outpace housing price increases, rent will occupy a larger proportion of residents' living expenses. Of course, the same is true for production factories. Factory buildings A sharp increase in rent means lower profits and less money.”

"Seeing that the real estate market is so hot, doing business can't keep up with real estate speculation to make money. Naturally, there will be other ideas in my heart. No one is doing business, how can we support high housing prices."

"At the same time, high housing prices have contributed to an era of low desires among young people. For many young people who have no cars or houses and have left their hometowns to work in Hong Kong; the vast majority of people believe that no matter how hard they work, the possibility of buying a house in Hong Kong is almost zero. . Therefore, young people are forced to leave and if a city loses its vitality, then the city is not far from collapse."

"The temporary decline in the real estate market is not a bad thing. Although many people will think that I am standing up and talking without backache, after all, I have not developed any real estate projects. But this is the fact, a fact that no one can change."

"The future of Xiangjiang cannot rely solely on real estate. That would, after all, bring the entire city into a state of catastrophe."

When they heard that Bao Zixuan analyzed the dangers of a sharp rise in housing prices, the people at the scene were filled with emotion. After all, many here are engaged in real estate development, and several started their careers in real estate.

No wonder Bao Zixuan is not engaged in real estate development projects. It turns out that people have already foreseen the harm. But at this time, Li Chaoren thought of a question; since he saw the danger, why would this guy spare no effort to invest in Japanese real estate.

Another company owned by Bao Zixuan, Blackstone Fund, has purchased a large number of properties in Japan. Are there any other unknown secrets here? We really need to investigate them carefully.

It sounds reasonable, but as the governor, you can't just let it go. Just let the real estate company go bankrupt; that would not be a good thing for the economic development of Hong Kong.

But now listening to what Bao Zixuan meant, it was clear that he didn't want to care. And we are still happy about the drop in real estate prices. This is not okay, after all, he is the only one who thinks so. Even though the Heiyun Group is getting stronger, it still has to safeguard the interests of the majority.

Youde smiled and said: "Bao Sheng is still insightful. It seems that if Xiangjiang wants to develop, real estate prices should not be too high."

Hearing the Governor say this, several people involved in the real estate business at the scene were inevitably a little worried. After all, Yoder can use administrative means to bring real estate prices back to reasonable levels.

Some people have begun to resent Bao Zixuan. If you don't do real estate, don't talk nonsense. Who doesn’t know that you can make money by engaging in high technology, but you also need to have skills to do so.

Isn’t it true that everyone is as capable as you? Why don’t you want others to drink some soup when you eat meat?

At this time, Mr. Bao didn’t know that because of his remarks, he had offended the entire real estate industry in Hong Kong!