Chapter five hundred and seventieth Xianghua Club in trouble
Compared with the Donghua Association, the members of the Xianghua Association's annual meeting obviously looked much more worried.
Since January, many cooperation with Donghua Association, Xianghua Association and New Asia Association have ended. Although all parties worked hard to find new customers and markets in the fourth quarter of last year, the results were not ideal.
Now they are not only facing the pressure of a sharp drop in orders, but also the pressure of many employees on the scene to support them. Some people are even considering layoffs to avoid bankruptcy.
As for some new investment projects, all of them were pressed, such as the highway construction project from Yangcheng to Pengcheng proposed by Huo and Hu.
Not to mention the members below are under great pressure, as the president, the ship charter king is also under great pressure. The Hutchison Whampoa Group was snatched away by the British consortium, causing it to lose a major business.
Although he has been favorable to the stock market during this period, he has gradually reduced his holdings and cashed out a lot of them, but it cannot make up for the loss of the Hutchison Whampoa Group.
Now his main industries are Global Shipping, Kowloon Film and Television Media Group, and Kangnian Bank.
It can be said that most of the losses in the past year were lost, Kowloon Airlines was lost, Kowloon Exchange was lost, Kowloon Theater Line was lost, Kowloon Whampoa Group was lost, and Kowloon Basketball Club was lost.
Although these industries have cashed out some funds, Global Shipping, Kowloon Film and Television Media Group, and Kangnian Bank all need funds to fill in and help allies so that they have no funds to expand into new industries.
The latest ranking of the top ten major families of Xiangjiang local families has come out, and the Global Bao family has fallen out of the top ten, which is enough to show how serious his losses are.
In the latest list, the Xinjian Li family still ranks first, the East Asian Li family ranks second, the Kowloon Lei family has jumped to third place, the Hengji Li family has risen to fourth place, the Guanghua Zhang family ranks fifth, and the Jiadaoli family ranks third
Sixth, the Ho family ranked seventh, the Sun Hung Ki Kwok family ranked eighth, the New World Zheng family ranked ninth, and the Cheung Shi Li family ranked tenth.
In the top ten storied figures in 1982, he was not able to be included in the top ten. Instead, Li Jianhui, Li Zhaoji and Zheng Yutong were selected again.
In addition to these three people, Li Chaoren of Cheung Shi, Chen Huiya, Chairman of Huangpu Holdings Group, Iwatani Chairman of Huihong Group, Liu Yongbin, Chairman of the Board of Directors of Shixin Building Materials, Li Fuzhao, Chairman of the Far East Exchange, and Jiayi
Film and television group artist Chung Chuhong and Jardine Holdings Group Chairman Keserk were among the top ten leading figures.
Looking at the members with a serious expression, the chartered boat king spoke: "I know that everyone is under great pressure at present. Not only are they facing the isolation of Donghua Association, Xinya Association, Huihong Association, but they are also facing the Nanjiang Association and even the British Rose Consortium.
targeting and suppressing.
But the more this time, the less we can be discouraged. As long as we overcome this difficulty, our Xianghua Society's industries will surely usher in a bright future."
It’s a pity that the slogans cannot cheer up the hearts of these people. Compared to the future that cannot be seen clearly, they care more about the present. If there is nothing now, what else can they talk about the future?
The hero cut off his arm and ended the current cash out of these companies and gave up the Xiangjiang market to raise funds to develop in other markets. They are not so determined.
In the expected northern market, many industries are currently unable to enter, and the most important thing is that the mess formed by the industry is not known how to end and cannot be properly resolved. They have no extra financial resources to support them in entering the northern market.
Whether it is Yonglong Bank or Kangnian Bank, it is impossible to provide them with much help.
Even the employees of the Xianghuahui company do not believe much in these two banks. After their wages are paid, they are transferred to HSBC, East Asia, Xinjian, Daoheng, Standard Chartered and other banks, rather than choosing to place them in Yonglong and Kangnian Banks.
Not to mention other citizens.
So much so that the two major banks now have few deposits, and Wing Lung Bank has even made it one after another in the top ten local banks in Xiangjiang.
Not only can it be compared with the six major banks of HSBC, Xinjian, East Asia, Daoheng, Sun Hung Kai, and Far East, namely Yongan, Asia Xiangjiang Commercial, Jiahua, Youlian, Hang Lung, Hang Seng, and Xingchuang are all ahead of Yonglong.
Especially Jiahua and Youlian, with the industrial support of two major groups, Yuntao Holdings and Xingsha Holdings, the expansion speed is quite fast. It has now entered the top ten local banks in Xiangjiang, and Hang Lung, supported by Mitsui Consortium and Hang Seng, supported by Rose Consortium.
They were all trampled by both families.
The chairman of the board of directors of Oriental Overseas, who has the greatest crisis, said: "Uncle Bao, I also believe that the future prospects of the northern market will inevitably be bright, but the distance cannot save the near fire. We must find a new way out so that our industries can survive
Go down.
Currently, the stock prices of the six major shipping companies in Xiangjiang and the four major shipping companies are rising. Only the stock prices of My Oriental Overseas and Uncle Bao’s Global Shipping are continuing to fall. They have not enjoyed the dividends of this round of stock market surge caused by the appreciation of the Hong Kong dollar.
The reason is that we are targeted and isolated by all parties, which makes investors distrust our company. To be serious, we believe that our company will not last long."
Everyone present is clear about the situation they are facing and wants to find new ways out, but it is not that easy.
At present, Xianghuahui industry is real estate. The northern market cannot be entered for the time being, so it is not easy to go out. Real estate is not as good as other ones. It is very difficult to develop in the local area. This is also the main focus of most real estate companies in Xiangjiang stick to the Xiangjiang market.
One reason.
Donghua will be able to develop real estate on a large scale in Baodao and Southeast Asia because Donghua will have a lot of investment in these places.
In the Japanese market, the development of real estate is mainly what the current relationship between Donghuahui and Japanese consortiums is still mentioned, and it is a joint venture, which has attracted Japanese companies to jointly develop.
Even so, in addition to the large-scale development of real estate under Xinjian Group in the Japanese market, other real estate companies are mainly focused on Takashima and ASEAN, and there is not much investment in entering the Japanese market.
Another pillar industry of Xianghuahui is textile and clothing, mainly processing of clothing raw materials and OEMs in Europe and the United States. It has not developed its own clothing brand.
Due to the current situation, the orders for well-known clothing OEMs in Europe and the United States have been basically snatched by Korean companies, Nanyang companies, Sun Hung Association, New Asia Association and even close Donghua Association companies.
In the clothing raw materials business, it has also suffered a huge blow due to its isolation.
As for the third largest industrial shipping, due to the global shipping winter, the two major shipping groups are unable to protect themselves.
As for finance, there is no stock god like Li Zhaoji, Feng Jingxi, or cheaters like Li Jianhui. In addition, it is obviously unrealistic to rely on financial help to overcome difficulties.
Now Xianghua will face a situation where it cannot be entered or left to protect it, the northern market cannot be entered, and the overseas market cannot be walked out, and the Xiangjiang market has no miracle at present, if most industries cannot be kept.
If the annual meeting of the Donghua Association is full of vitality, then the meeting of the Xianghua Association seems to be in a twilight state.
The Donghua Association meeting discussed where to invest and develop, and how to save Xianghua Association, how to find a way out, whether it can end the industry and lay off some employees.