The first thousand three hundred and sixty chapters are none of their business
After the decision was made at the meeting, several major retail groups moved very quickly and came up with their own response plans. This time, as long as Wal-Mart, Lotte, etc. dare to grab food in the East China market, Hengyu Supermarket Group and others will surely suffer losses.
The war in the mainland retail market has officially begun. The winner cannot be decided in a day or two, and Li Guangyu cannot focus all his energy on it.
At 2:30 pm on July 25, Li Guangyu came to the headquarters of the Xiangjiang Real Estate Construction Chamber of Commerce to attend a meeting convened by He Hongsen.
The current chairman of the Real Estate Construction Chamber of Commerce is Stanley Ho, and the vice-chairmen are Wu Guangzheng, Hu Yinxiang, Li Guangyu, Li Zeju, Zheng Jiachun, Li Jiajie, Guo Bingxiang, Chen Qizong, Xu Jinqian, Cao Weide and Lin Jianyue as the managing directors.
The number of members has more than doubled compared to the 1980s. For example, Li Guobao, He Hongqing, Zhao Shizeng, Luo Ruiyang, Li Guanghui, Zhang Yingqi, Chen Qiwu, Liu Luanxiong, Pan Dickson, etc. are all new members.
He Hongsen was just the convener of today's meeting. He did not want to hold the meeting. It was Hu Yinxiang and Huo Zhenhuan who proposed the meeting.
For such meetings, Li Guangyu is just going through the motions. Generally, he will not express any opinions. Currently, among the three major real estate groups under his control, only Starlight Real Estate Group continues to invest in Xiangjiang. The residential buildings and shops developed are only
Providing internal employees of the Li Group will not affect external sales, so it will not affect him anyway.
The reason why there is such a meeting today, Li Guangyu knows very well that just this month, the average housing price in Xiangjiang has increased by 10% again, and the increase in many places in Xiangjiang Island and Kowloon Peninsula is around 15% to 20%.
The vast majority of real estate companies in Xiangjiang are happy, but ordinary citizens, especially those who have recently moved to Xiangjiang, will have greater housing pressure. Some forces hope to suppress the current housing prices in Xiangjiang, so today's meeting was held.
After the meeting started, Stanley Ho said a few words briefly and gave his time to Hu Yinxiang. Anyway, he was unwilling to get involved. At present, Shun Tak Group's focus is not on Xiangjiang. Tianjiao Group has joined forces with Cheung Kong, Sun Hung Kai, Shun Tak, and Zhao Ke.
Real estate groups such as Chinese Real Estate, Hongji, New World Development, Wanbang Real Estate, and Lukang are building CBD everywhere. The investment in this area is very large, leaving these major groups without much energy to invest in Hong Kong.
At present, the four major CBDs of Shanghai, Huacheng, Pengcheng, and Tianjin have been completed in the mainland, and six major CBDs of Jinling, Ludao, Hangcheng, Jiangcheng, Rongcheng, and Shuangqing are under construction. The funds of all major groups have basically been spent.
Here, residential development is only done on a small scale in East and South China.
As long as these ten CBDs are completed, according to the current market value, they will be worth more than one trillion yuan, and the annual rents of major groups will be very scary.
Affected by Li Guangyu, the Bank of Hong Kong currently ranks first on the Hong Kong Stock Exchange, with considerable share assets and a market value of HK$968 billion.
The second-largest company is Hutchison Whampoa, which has real estate on its left and retail on its right, allowing its market value to exceed HK$640 billion.
The third place is HSBC, with a current market value of more than 580 billion.
These three companies are also the giants in Hong Kong's current stock market. Sun Hung Kai Properties, ranked fourth, has a market value of HK$469 billion.
Then there are Cheung Kong, Zhaoji, Wanbang Real Estate, New World Development, Xiangyu Cultural Group, and Shun Tak Group, ranking 5 to 10. The Shun Tak Group with the lowest market value has a market value of HK$385 billion.
Although the market value is good, the listed companies in the United States are even more terrifying. Before the collapse of the Internet bubble, Cisco reached the top with 450 billion US dollars. If converted into Hong Kong dollars, it would be more than 3.5 trillion Hong Kong dollars. The gap in Hong Kong is still far away.
Of course, this is mainly because many groups under the Li Group have not been listed. Otherwise, it would be very easy for several groups with a market value of over one trillion Hong Kong dollars to emerge in Hong Kong.
Although Xiangjiang has attracted many mainland and Southeast Asian companies to list here, the real estate and financial industries that currently dominate Xiangjiang, especially real estate companies, can be said to account for half of the Xiangjiang Exchange.
Among the top 50 companies in Xiangjiang by market capitalization, 23 are mainly engaged in real estate, 21 of which have shareholders involved in real estate business, and only a few companies have nothing to do with real estate.
…
After He Hongsen finished speaking, Hu Yinxiang said: "Today I specially held this meeting to discuss with you the future of our real estate industry in Xiangjiang. Since 1994, the price of our Xiangjiang housing has continued to soar. Although there were some fluctuations in the process, it was also very
It's almost suppressed.
It’s just that I hope everyone can think about the future. Fishing for water will only destroy the Great Wall, and the soaring housing prices are not conducive to our future development. Of course, if someone does not regard Xiangjiang as their foundation, then just think that I don’t
explain."
Now it was time to rush the situation. Hu Yinxiang knew that his words would offend many people, but he didn't have much choice. In the past, before Huo Yingdong retreated, he was still there.
Moreover, from the mid-1980s to the early 1990s, Li Guangyu was dedicated to suppressing housing prices in Xiangjiang. In recent years, Li Guangyu has also given up and left everything to the market.
It's obviously not possible to allow house prices to rise like this, so he can only bring it up this time.
He hoped to reach a consensus with Li Guangyu and the others. As long as Li Guangyu and the others invested heavily in developing residential real estate, it would be quite easy to bring down the price.
After Hu Yinxiang finished speaking, Da Liu spoke up: "Hu Sheng, we must also be willing to see the price come down, but everyone knows the current land price. We are businessmen, and we have thousands of workers to support.
It’s better not to let us spend all our wealth on this business.”
After Liu's words fell, Luo Ruiyang said: "Hu Sheng, we are aware of some of your ideas, but we cannot afford the consequences of the sharp drop in housing prices at the moment. We must also consider the feelings of those who have already taken loans to buy houses, and I hope that we can follow
The laws of market development, rather than human intervention.”
Many members later made similar speeches. Hu Yinxiang's proposal obviously touched the interests of many people. Li Guangyu suppressed them at the beginning and they were quite uncomfortable. They were not willing to do it again.
Li Guangyu's current focus is on the mainland, and there is basically no development in Xiangjiang, so they just listened quietly and did not express any opinions.
It's a pity that Li Guangyu and others didn't want to express their opinions, but Hu Yinxiang asked him to express his views on the current property market.
Li Guangyu knew the thoughts of everyone present. Many people were afraid that he would do what he did in the late 1980s again and make them uncomfortable, so many people stared at him and hoped that he would not intervene.
After pondering for a while, Li Guangyu said: "The current situation is a bit complicated. It not only involves our property market, but also has many related issues. Some things are not something I can solve. Personally, I am a soft-spoken person and dare not
I believe that the Hong Kong government and everyone will be able to properly handle the future development of Xiangjiang so as not to affect the economic development of Xiangjiang."
Listening to Li Guangyu's talk about Tai Chi, many members present felt their hearts drop. What they feared most was that Li Guangyu would build millions of houses again without caring about profit, and in that case they would have to live a miserable life again.
There are too many interests involved here, and Li Guangyu is not willing to lose his own interests and offend a large number of people to make wedding dresses for others.