This meeting lasted for a whole day and did not end until 5:30 in the afternoon. Lunch was also eaten at the Governor's Palace.
After the meeting, Youde hoped that Xiangjiang's business community could make diversified investments in various major industries, and at the same time consider Xiangjiang's future development positioning to break Xiangjiang's current high reliance on the real estate industry.
Youde also hopes that everyone can maintain confidence in the future of Xiangjiang, increase investment in Xiangjiang, and promote the development of Xiangjiang's economy.
After the meeting, Li Guangyu and others came to the Peninsula Hotel to discuss today's issues after dinner.
This is the first time that the Li Group and its interest groups have collectively discussed together. In the past, due to different interest groups, the three interest groups of Xiangjiang China Investment Company, He Investment Company and New Asia Investment Company were often separated.
of.
This time, Li Guangyu and others are also facing tremendous pressure. This pressure is not economic, but pressure from public opinion.
In the past two years, the Li Consortium and its interest groups have invested too little in Xiangjiang. This has made some forces think that Li Guangyu and others have other ideas. The citizens of Xiangjiang are also looking at the Li Consortium and its interest groups.
Some extreme people even believe that the Li Group and its interest groups must bear a certain degree of responsibility for the current exodus of the middle class in Hong Kong.
Because the performance of the Li Group cannot give these middle class people confidence and fills them with worry and anxiety, that is why there is a large-scale exodus from Hong Kong.
The Li Group and its interest groups still want to use Xiangjiang as their base to enter the mainland market in the future. At this time, they still need to make some moves.
Whether it is to show goodwill to the other party or to stabilize their foundation in Xiangjiang, something must be brought out to stabilize the current situation.
Li Guangyu said: "The situation we are facing is still relatively complicated. At present, we still have a large number of orders in the stock market that have not been settled. At this time, we cannot make some actions to boost the Hong Kong stock market. No matter what, we will wait until next month
Act after the stock market orders are settled."
Li Guangyu knew very well that many people here must have received requests from the Xiangjiang government and people on the opposite side, hoping that they could give Xiangjiang a shot in the arm at this time so that the people of Xiangjiang could stabilize.
But this obviously conflicts with their interests. Once the stock market rebounds, they will have much less profit. Li Guangyu will not do such a thing that is harmful to himself and others.
Cheng Yutong, Stanley Ho and the heads of several major banks do not want any big fluctuations at this time, so they can wait to collect money next month.
If the stock market rebounds at this time, their loss is likely to be tens of billions of Hong Kong dollars, and even if their family has a great business, they will be heartbroken.
Investment is possible, but only after their profits from the stock market have returned. Before that, they are not willing to see favorable stock market conditions emerge.
Zheng Yutong said: "Guangyu, we are not too worried, but you are still under the greatest pressure here. All parties know very well that you are the top priority, and now all parties are watching your actions.
"
Their interest group is dominated by Li Guangyu, and all their assets combined cannot match Li Guangyu's. These forces also know that as long as Li Guangyu ends, they will follow him, so they will continue to contact Li Guangyu, hoping that
Li Guangyu can take action as soon as possible to increase the confidence of all walks of life in Hong Kong.
Li Guangyu said: "Uncle Zheng, and everyone, no matter which party persuades you this time, you will have to wait until next year to ensure the smooth delivery of our December stock market contracts. By then, the stock market will probably have almost bottomed out.
We will enter when the time comes and buy the shares of some promising groups."
Li Guangyu's plan this time is quite big. When the time comes, several investment companies will buy the stocks of listed companies of their interest groups at low prices to achieve the purpose of mutual control.
At the same time, they will also conduct bargain hunting on Wharf, Lai Sun Group, HSBC and other stocks, and grasp the shares of some well-developed listed companies in Hong Kong.
As long as the stock market rebounds by then, this part of the shares will be able to bring them a lot of profits.
Beginning in January next year, whether it is the new group building of the Li Group or the expansion of the existing power station of the Xiangjiang Electric Group and the investment in the construction of a new power station, these two major investments will definitely be beneficial to Xiangjiang and allow Xiangjiang citizens to
Peace of mind.
Now Li Guangyu had to bide his time. He did not expect that this time, neither Standard Chartered Bank, nor Citigroup, nor Sanwa Bank of Japan would be willing to complete the delivery of the stock market contract with him in advance, which forced him to delay some of his investments.
The latest time for them to complete contract delivery this time is December 15th. As long as this time period has passed, it will be much easier for them to deal with it.
Cao Wenjin said: "Guangyu, some of what you said at the meeting today are a bit too much. It doesn't matter to us, I'm afraid some family leaders won't think so. You have to understand that after the housing prices in Xiangjiang rise, those of us who are engaged in real estate will
It will be more profitable, and your proposal will only make them feel that you are cutting off their financial path."
As Li Guangyu's father-in-law, Cao Wenjin is the only one who can say this about Li Guangyu. It is not easy for others to raise such questions.
They are also aware of the problem of high housing prices, especially after the real estate bubble burst, which really made them sweat. Fortunately, they listened to Li Guangyu's advice and withdrew from the Xiangjiang market in advance, otherwise their group would probably be
The second Hang Lung Group.
Li Guangyu said: "Father-in-law, dear elders, I also hope that Xiangjiang can develop better, so that our own group can develop better. Just imagine, once the younger generation in Xiangjiang loses hope for the future, they will have no hope for the future.
We have become numb, and extreme situations arise. After the chaos in Xiangjiang, our groups in Xiangjiang will only suffer heavy losses, and it will not be so easy to recover at that time."
"I'm not saying that our real estate industry won't make money in Xiangjiang, but while we are making money, we must also let ordinary citizens see some hope and think about the future. Only in this way can Xiangjiang develop stably and our group can
can achieve greater benefits.”
What capitalists fear most is that the bottom class will stand up and resist, in which case they will definitely suffer heavy losses. Unless they transfer all their property out of Xiangjiang in the future, and the situation mentioned by Li Guangyu occurs in the future, they will not suffer losses.
But they all made their fortune in Xiangjiang. The group's roots are in Xiangjiang. The group is also listed in Xiangjiang. They are not willing to leave Xiangjiang. Once such instability occurs, even if the high housing prices have nothing to do with them, they will still be implicated. The stock market will be affected.
It will definitely plummet.
They all know that once housing prices exceed the critical point that ordinary citizens can afford, they will inevitably fight back to express their dissatisfaction.
This strengthens the determination to develop diversifiedly. The huge profits from real estate cannot be sustained forever. If you want the family to maintain stability, you need to enter a relatively stable industry.
Stanley Ho said: "Wen Jin, what Guangyu said this time is also good for all of us. The current housing prices in Xiangjiang are not raised by us. The citizens of Xiangjiang will only criticize some groups that are currently trapped. In the future, it will be like Guangyu
As I said, we are also developing real estate, but when it comes to selling prices, we don’t want to take the lead. We just follow the trend. This way we can make money without having to bear the stigma.”
Stanley Ho's current main business is getting a lot of notoriety. Even though he has made great contributions to charity, he still has not lost a good reputation.
Li Guangyu's words now represent their group. Li Guangyu's statement this time will also be regarded by the outside world as a speech by their interest group, which invisibly enhances their reputation in the hearts of citizens.