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Chapter 73 Big move

Of course, after the 150,000 yuan is loaned out, monthly installments will also come in.

However, this amount of money is simply a drop in the bucket compared to 1.05 trillion yuan.

Based on the fact that 7 million people have enough time to pay for eleven months, in 2022, the amount that [Chaoqun Group] can recover is 700w*250*11, which is 19.25 billion yuan.

Calculated based on the bank's large deposit interest rate of 2.1% for one year, [Chaoqun Group]'s 1.05 trillion yuan, deposited in the bank for one year, will earn 22.05 billion yuan in interest.

Note that this is interest or the minimum interest, and the 19.25 billion yuan that [Chaoqun Group] will receive is only part of the principal.

But Wu Siyuan still has no complaints or regrets.

Although the expenditure of 1.05 trillion yuan is more than 300 billion yuan more than his previous plan of more than 700 billion yuan, it is slightly beyond the affordability of [Chaoqun Group] this year.

However, the country has also said that it will not let honest people suffer, and it will not let patriotic entrepreneurs like Wu Siyuan sacrifice in vain.

The state has quickly adopted a decision and agreed to implement tax rebates for [Chaoqun Group], with a tax rebate of 20% per year, and refunds will be paid in advance.

[Chaoqun Group]’s annual tax payment accounts for approximately 40% to 45% of its revenue.

The state gave [Chaoqun Group] a 20% tax refund.

[Chaoqun Group]’s revenue in 2021 is 2,524.352 billion yuan.

Calculated based on a 20% tax rebate.

[Chaoqun Group] can theoretically receive 504.8 billion yuan in taxes.

But in fact, a large part of [Chaoqun Group]'s revenue is paid and taxed overseas, and no tax is paid domestically. Naturally, the country will not refund this amount of tax.

It is estimated that [Chaoqun Group] can receive about 350-400 billion yuan in taxes.

After calculation, [Chaoqun Group]’s expenditure is still 600 to 700 billion yuan.

Nothing seems to have changed.

actually not.

First of all, this expenditure is not a gift, but a loan. Although it is an interest-free loan that is almost free, it is still a loan, so the loss will be much less.

Secondly, the tax rebate policy provided by the state lasts for up to five years.

As [Chaoqun Group]'s revenue grows, the tax rebate it receives becomes even larger.

Maybe one day, [Chaoqun Group] will develop to the point where tax refunds alone will be enough to support the annual expenditures of [New Vision Fund]?

This is not impossible.

With the full implementation of [holographic projection technology], it is expected that [Chaoqun Group]'s revenue will usher in a new round of surge.

………………………………………………………………………………………………………………………………

………

After everything is ready.

[Chaoqun Group] is preparing to hold another press conference to announce the news.

However, this press conference will be held jointly with the director of a certain national development department.

Everyone sat on the podium together to announce the news and answer questions from reporters at home and abroad.

Such a situation is very rare in China.

There is basically no private enterprise in China that can reach such a height.

This is an honor and recognition from the country.

Before the press conference between [Chaoqun Group] and the director of the Development Department was to be held, some well-informed people from the outside world received the news or made some guesses.

While the stock market was still bidding, the entire real estate stock market was in the red, and a large number of real estate stocks directly reached their daily limit. This trend confused retail investors and hot money who were not well-informed.

What's wrong? Why did real estate stocks suddenly become so popular!

You must know that in the past 2021, based on the CSI 300, the real estate sector fell by 7.57% this year. Compared with the CSI 300's annual decline of 5.2%, the real estate sector underperformed the broader market.

Only 30% of real estate stocks in Hong Kong stocks rose.

The only rising sub-sector was the commercial real estate sector, but the increase was only 1.82%.

Opening after 9:30.

There was no reversal.

Real estate stocks across the board are in the red, reaching their daily limit.

Although some smart retail investors don't know what's going on yet, their intuition drives them to shift their positions and buy stocks in industries related to real estate, such as home appliance companies, cement companies, and steel companies.

Sure enough, the funds were quickly transferred.

These home appliance companies, cement companies, steel companies and other real estate-related industries have all experienced surges.

Stock investors are talking a lot, speculating that the country has finally issued a policy to save real estate!

Some people speculate that there will be another round of price increases to reduce inventory, or another round of shantytown renovation.

Raising prices and destocking means no longer controlling real estate prices and letting housing prices rise, making the housing bubble even bigger and making ordinary people more desperate.

The renovation of shantytowns is an important means to improve the living conditions of needy residents. It was first proposed in 2005 and promoted nationwide in 2008.

Many people’s understanding of shantytown reform is demolition, especially the demolition of urban villages. In those days, local urban development plans fell on their own houses. As soon as the big words "demolish" were put on the wall, a large amount of compensation was paid behind them, as if

It's like luck coming from heaven. Overnight, your wealth will leapfrog to a new level.

Housing renovation and demolition is also called a wealth creation movement, and this is not an exaggeration.

More than ten years of shantytown reform and monetized resettlement have released a huge amount of funds, and because it is monetized resettlement, these people got the money and started to buy commercial housing for investment, which helped the real estate market digest inventory and stimulate continued economic growth.

Since the launch of shantytown reform across the country in 2008, more than 50 million shantytown housing units have been renovated, releasing hundreds of billions of funds. This vigorous shantytown reform has caused wealth differentiation among people, and also caused urbanization.

With the differentiation and upgrading of society, the gap between rich and poor continues to widen.

Since 2013, there has been an oversupply of commercial housing and serious inventory in third- and fourth-tier cities, which means that the houses cannot be sold. Therefore, in order to promote the destocking, local governments have launched housing renovations one after another. Through monetary compensation, many people have been affected.

A group of people have the financial resources and demand to purchase commercial housing, which stimulates consumption in the local property market and effectively stabilizes local land revenue. However, what follows is that the bubble in the real estate market further increases, and third- and fourth-tier cities that already have overcapacity

House prices keep rising.

To put it bluntly, this kind of policy has an immediate effect on stimulating the economy at the beginning and is very effective.

But at this point, this policy is undoubtedly poisonous to quench thirst, and will only lead to endless troubles.

People with insight have criticized this short-sighted behavior, because apart from these policies, they cannot think of any policies issued by the country that would lead to the skyrocketing stock prices of real estate and related industries today.

It wasn't until the joint press conference between [Chaoqun Group] and the Development Department was announced that they realized - could [Chaoqun Group] have made another big move?


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