On the morning of the next day, all the directors and above of all major groups in Hong Kong of the Lee Group came to the conference room on the second floor of the Lee Building to attend the temporary meeting.
In just half a day yesterday afternoon, the Hang Seng Index plunged 243 points on the Hong Kong stock market. The Hang Seng Index, which had stopped falling and rebounded to 1,230 points last year, fell below 1,000 points in one fell swoop. This caused more investors to bet on their stocks.
And worry.
Fortunately, today is Saturday and the stock market is closed for these two days. Otherwise, the stock market would definitely open with a gap today and the Hang Seng Index would continue to fall.
Li Guangyu knew that this time it was no longer just a stock market drop like last year. The real estate market was still strong. This time the real estate market storm was about to come. Some middle-class people would start to immigrate in order to be safer for themselves.
Other areas.
The real estate speculators are even more sad. The housing prices in Xiangjiang are already in a state of price but no market. With this news, these middle class people who are leaving Xiangjiang have also begun to sell their properties, making the real estate market bubble complete.
If it is punctured, those who took out loans for real estate speculation will probably suffer heavy losses.
At the meeting, Li Guangyu first emphasized that the group's senior management should not express any opinions on the Margaret Thatcher wrestling incident. He specifically reminded Jiayi Group and asked the group to strictly require the group's artists to maintain this bottom line.
These stars are very influential in Hong Kong or Asia, and many teenagers regard them as their idols.
Any voice made by the Li Group at this time would be very detrimental to the development of the Li Group. Li Guangyu did not want to be forced to be involved in such a political incident.
Le Yiling, the vice president in charge of the group's artists, said: "Li Sheng, please rest assured that our group has been strengthening management in this area. At the same time, we have made it clear in the contract that once the artist publishes something that affects the development of the group,
Any political remarks will be deemed as automatic termination of the contract with the group, and our group will not be responsible for any remarks they make."
Since Yuan Tianfan is still in charge of bank expansion in Malaysia, Luo Qianwen is currently in charge of Tianyu Financial Group, while Vice President Xia Fengxing concurrently serves as the chairman of Tianyu Bank.
After the problems in the property market this time, banks will definitely have some bad debts. Even if Tianyu Bank has very strict control, it cannot be completely eliminated.
This incident is a chain reaction. The collapse of the stock market led to the collapse of the property market. After the collapse of the property market, it led to the collapse of many banks in Hong Kong. After problems occurred in the property market, many banks will have large amounts of bad debts, which will directly affect the market.
Many small and medium-sized banks were crushed.
The most important reason for this is that the large listed companies in Xiangjiang are either real estate groups or their parent companies are engaged in the real estate industry. After the stock market plummeted, it affected the sales of the property market. Coupled with this special reason, the
Many investors are worried about their safety.
This makes it impossible for them to withdraw funds, and many of them borrow money from banks in the form of share mortgages. After the stock market crashed, they need to ask the bank for additional funds. They themselves have no funds, so where can they get the money to add to the bank? The bank charges
If the funds are not returned, it will become a bad debt.
If there are too many bad debts, once the news gets out, there will be a run on the bank, and the bank will have no choice but to go bankrupt.
Li Guangyu said: "Tianyu Bank must always pay attention to the situation of lenders and try to avoid the occurrence of bad debts. We must pay special attention to these enterprises and individuals with relatively large loan amounts in our bank and understand their financial situation.
We have just discovered this situation when everyone is already just an empty shell, and we must try to avoid such losses."
Luo Qianwen replied: "Li Sheng, our bank will increase supervision in this area, especially focusing on companies and individuals with loans of more than 5 million, to prevent the situation of losing everything. At the same time, we will strengthen cooperation with the court.
Once they default on their debts, we will immediately initiate legal proceedings to reduce our losses."
Then Li Guangyu asked the property management companies of Star Real Estate Group and Wheelock Group to pay attention to market trends at all times. There will definitely be a big shock in the property market this time. There will be a big decline in both house prices and store rents.
The company should reasonably adjust store rents according to market changes to prevent group-owned stores from becoming vacant.
Starlight Properties mainly has stores in Tin Shui Wai, not many. Wheelock Group is even more ruthless. In addition to leasing the stores within the group, some are also leased to Watsons, and the rest are basically sold by Guo Qingya.
It's spotless.
The one with the least pressure at this time is also the Wheelock Group. Their main focus now is on those dozens of ships. With the relationship between the Lee Group and the Lee Group, it is enough to support this shipping company.
Li Guangyu said: "The Wheelock Group will pay attention to the stores and commercial office buildings listed for sale on the market from now on. The Starlight Real Estate Group will also cooperate with this action. You must find out the commercial value comparison based on the development of Xiangjiang.
When high-end real estate projects come out, next year I will inject HK$10 billion into the Wheelock Group to hunt for the bottom of the property market."
Guo Qingya knew that Li Guangyu would inject funds into their Wheelock Group, but he did not expect to inject so much funds into their group this time.
Next year, my Wheelock Group will become the top three real estate group companies in Hong Kong. Within the Lee Group, my group will also be able to enter the top ten.
Guo Qingya said with a happy face: "Li Sheng, we will do a good job in this area. We will make a detailed plan this time. As long as you give the order at that time, we will complete this bargain hunting as soon as possible. At the same time, during this period
I will strengthen the group’s learning on negotiations and the group’s employees’ learning on legal documents in order to respond to this action.”
Li Guangyu knew very well that after this time of bargain hunting, the property market would continue to rise until 1998 before the property market collapsed again. Such an opportunity can be said to be a rare one. The reason why he spent 10 billion Hong Kong dollars to bargain hunting this time was because
He just hopes that he can control more commercial buildings and stores. By then, the rent he collects every year will be a terrifying figure.
Zhao Yu, the president of Starlight Real Estate Group, is very envious of Wheelock Group at this time, and he may even be overtaken by Wheelock Group in the future.
Once the property market here picks up in the future, Wheelock's assets will skyrocket. In addition, Wheelock is about to undertake the construction of the new headquarters building of the Lee Group, and its ownership will also be transferred to the Wheelock Group. If he doesn't work hard, he will lose money in the future.
But it’s difficult.
He also knows that he should not think about bargain hunting in Xiangjiang this time. Starlight Real Estate Group's main market is Baodao and Southeast Asia, while Wheelock Group will focus on Xiangjiang and the mainland market.
In Xiangjiang, they will only have one project, and that is in Tin Shui Wai, where they still have half of the commercial land undeveloped.
The presidents of the major groups headquartered in Hong Kong are also very envious of Guo Qingya at this time. The market value of some of their groups is HK$10 billion, and they are not that high.
Especially Jiayi Group and Heungkong Telephone Group. Not to mention Jiayi, Heungkong Telephone Group is solely owned by Li Guangyu, but in recent years Li Guangyu has not injected much capital into them for the group's expansion.