U.S. Treasury Secretary Miller announced on the morning of the 4th that he would no longer sell gold. In just a few dozen minutes, the price of London gold soared from 634 Hong Kong dollars to 715 Hong Kong dollars.
In Li Jianhui's view, this was a signal that the predators were preparing to withdraw from the London gold market. Li Jianhui asked Zhou Pengfei and others to speed up the clearance of their positions in due course next week, and must ensure that all clearances are completed by the middle of this month.
If there is no deviation, the President of the United States will come forward to suppress gold prices on the 21st, leaving Blue Maple Investment Company not much time.
Fortunately, the current market is crazy enough. Because of Miller's announcement and the world situation, the world London gold price is bullish. Many retail investors and small and medium-sized investment institutions have joined in, and the trading volume has also increased significantly.
Over the weekend, Li Jianhui once again attended the annual Xiangjiang Real Estate Construction Chamber of Commerce meeting.
The current situation in Hong Kong is very different from that of the 1960s and the mid-to-early 1970s. British-owned enterprises have shrunk on a large scale.
Two major foreign banks, Wheelock and Hutchison Whampoa, were acquired by Li Jianhui. The dilemma faced by Chinese capital has improved, and now it has become more of an internal competition among Chinese capital.
When everyone's strength has increased rapidly and they can independently win the planned land without cooperation, such meetings have lost their usefulness.
Without the threat of several large foreign banks with British capital, the internal unity would no longer be so united, and the competition for interests caused the members to go their separate ways.
Originally, Li Jianhui was just here for a formality, but unexpectedly, this meeting seemed to be directed at him.
Huang Shengqing, the controller of Shenglin Real Estate Company, said at the meeting: "Currently, the real estate industry in Xiangjiang is booming and prices are rising rapidly, which is a good thing for all of us.
However, some companies rely on abundant funds to carry out large-scale development. One project has tens of thousands of houses in one phase, and the price is seriously lower than the market price. This has seriously damaged the normal development of the Xiangjiang real estate market and also damaged all our real estate development.
The interests of the company.
I hope that as a member of the Chamber of Commerce, I should consider the interests of all members of the Chamber of Commerce, stop this kind of cheap dumping, and safeguard the common interests of everyone."
This person was just a pawn. After his words fell, many members spoke out, and even the leaders of Hang Lung, Shun Tak, Cheung Kong, etc. also condemned some members who harmed everyone's common interests.
Other silent members also had an attitude of watching the show. Although they did not want to be enemies of the Xinjian Department, they did not want the Xinjian Department to continue like this. The large-scale development of Xinjian and Hutchison had indeed affected them personally.
Benefit.
Currently, Xinjian Real Estate is developing only two projects, which sounds very small, but the first phase of Tian Shui City has 36,000 housing units and the Tseung Kwan O Hui Hung City has more than 10,000 housing units.
The first phase of Hutchison Land's Whampoa Dockyard has nearly 5,000 units, the first phase of Wo Shun Garden in Tseung Kwan O has nearly 3,000 units, and the first phase of Kam Wan Mansion in Tsuen Wan has nearly 4,000 units.
Excluding the construction of some small projects by Wheelock Land and Hutchison Real Estate, there are already more than 60,000 housing units. Even if one house is only used for a family of three, it can accommodate a population of about 200,000 people.
Although Xiangjiang's current population is growing rapidly, it is only over 100,000 people a year. According to the construction model of Xinjian System, launching so many houses every two years can directly solve the housing problem of two-thirds of the annual population growth.
This is still calculated based on a family of three. If calculated based on a family of four, the proportion will be larger.
If this continues, real estate companies like them won't have to play at all, and the majority will be taken by the Xin Jian family.
Xinjian Department needs to be developed on a large scale, and they have no way to do it, especially Tianshui City and Huihong City, which must be carried out, but they are unwilling to see these projects sold below market prices.
The Xinjian Department’s land cost almost nothing, but it can be said that they spent a lot of money to acquire the land. It was lower than the market price. Li Jianhui’s Xinjian Department still made a lot of money, and they could only drink from the northwest wind.
They didn't take it seriously in Tianshui City before. Not to mention the 500,000 plan, even one million wouldn't have much impact on them.
However, the current road planning has shortened the distance between Tin Shui Wai and the main city. In addition, Xin Jian Department has made many moves in Tin Shui Wai, and the price of Tian Shui City is sufficiently low compared to the urban area. Many people who are willing to invest and buy houses have gone to Tian Shui Wai.
Water City.
Faced with these people's accusations, Li Jianhui was not polite at all and said sternly: "I was happy to join the Chamber of Commerce before, because the purpose of the Chamber of Commerce is to let the residents of Xiangjiang have their own homes.
But today I discovered that this is not the case at all. Ask yourselves, have you taken this purpose to heart?
Why, because the large-scale development of my industries and the relatively low prices allow the citizens of Xiangjiang to own their own homes relatively easily, you are not happy.
Let me tell you, don’t play your tricks on me. Just develop a little in one phase or develop a project for decades. I can’t do it in the Xinjian Department.
What is the market price? Who sets the market price? From the end of 1976 to now, don’t you know how much housing prices in Xiangjiang have increased?
Don't ask me for a salary increase, that cost is almost negligible compared to the rate of rising housing prices.
Don't talk about high land prices. That's entirely caused by everyone. If we don't raise it ourselves, how can land prices rise?
The prices of the projects under our Xinjian Department are set there. You can do whatever you want. I advise everyone to pursue profits with a certain degree of caution. Xiangjiang is the root of all of us. Only when the economy of Xiangjiang develops and prospers, will our enterprise develop better."
The people present did not expect that Li Jianhui could be so strong. Faced with the persecution of so many people, he had no intention of giving in, and he directly overturned everyone's fig leaf.
Facing Li Jianhui like this, these people have no idea what to do. The Xin Jian Department is now a behemoth and cannot be easily dealt with.
The worst thing is that the Xinjian Department has a large amount of land reserves in its hands and has no worries about subsequent development issues. Even if they want to block the real estate department under the Xinjian Department from this aspect, it is impossible.
Faced with Li Jianhui, who is unwilling to raise prices, they now have only two options. One is to lower prices appropriately to attract citizens to buy the projects they develop; the other is to focus on Kowloon and Hong Kong Island, where prices are affected by Xin Jianhui.
The system has less impact.
The meeting ended on bad terms, but Li Jianhui's actions also added more trouble to the Xin Jian Department, and the Sun Hung Kai Department, which had previously had a relatively friendly relationship with him, became alienated as a result.
More real estate company bosses privately complained about Li Jianhui and were extremely dissatisfied with Xin Jianhui.
Suddenly, in addition to a few of his allies, the Xin Jian faction stood on the opposite side of the entire Xiangjiang real estate developers and became a villain-like existence.
Fortunately, the Xinjian Department's public relations capabilities are quite good, and it has gained a reputation among ordinary citizens in Xiangjiang, which has also led to a wave of performance growth for several major project sales departments.