Chapter 659: Shen Bi's Situation
Li Guangyu has never thought of immigrating, since he is a native of Xiangjiang and lives in Xiangjiang, he does not want the future citizens of Xiangjiang to be full of despair about the development of Xiangjiang, let alone some chaos in the future due to the poor economic development of Xiangjiang.
He knew very well that during the time when all major families in Xiangjiang were mainly engaged in real estate, he would offend some people by saying this. However, he does not care too much about this, and at present, Li Ka-shing, Lee Shau Kee, Kwok Tak-sheng and Cheng Yu-tung are among his allies.
These real estate groups have also begun to open up markets outside, and the market in Xiangjiang is not as important to them as before. No matter how you develop Xiangjiang, the population and area are a big flaw, and compared with the markets in other regions, the difference here is still too far.
Moreover, those who are dissatisfied with Li Guangyu this time will be able to survive this crisis.
High housing prices will only erode the ideals of the younger generation, and when they are numb to the future, there will be no hope for the future of Hong Kong.
Li Guangyu hopes that the major families of Hong Kong can develop in finance, trade and service industries, so that the three major industries can support the future development of Hong Kong.
Housing prices in Xiangjiang will definitely rise in the future, which is inevitable, Li Guangyu only hopes that the major families in Xiangjiang will not put too much profit of the real estate group on the side of Xiangjiang, and other regions can also develop their own real estate groups.
Although Li Guangyu's idea is good, it is a pity that it is difficult to realize, and not everyone has the courage to go out, especially in the real estate industry, which is difficult to develop if it is not related to the local area.
Just like Li Ka-shing and Lee Shau Kee and others, if it weren't for Li Guangyu already having a good relationship over there, how would they be willing to reduce their investment in incense and move to the market?
After Li Guangyu's speech, Shen Bi made a speech on behalf of the financial circles of Hong Kong.
Shen Bi said: "Hong Kong's current industry is too simple, which makes our ability to resist risks very weak, which is not conducive to the stability of Hong Kong's economy. ”
"Take our HSBC loan business as an example, from 78 years to June this year, the proportion of our bank loan funds flowing into the real estate industry has increased year by year, in last year, this proportion is the most terrifying, last year we counted, the inflow of real estate funds accounted for 85% of our loan funds, which is enough to see some of our current situation in Xiangjiang. ”
"I know very well that some banks are not having a good time with the property market crash, and I hope that banks can remain cautious at this time to avoid turmoil in the financial industry in Hong Kong." ”
"As the world's third largest financial center, we can tap the potential of Xiangjiang in this regard, and I hope that the government can give us more supportive policies so that we can have greater vitality in financial development. ”
Shen Bi doesn't care about Li Guangyu's trade and service industries, he hopes that the government will support the development of finance more, and HSBC is also mainly engaged in the financial industry, and the good help for HSBC in this regard will be very huge.
Shen Bi knows very well that this property market crash is just the beginning, and the banking industry will be a bigger storm next.
There are a lot of bad debts on his own side of HSBC, but fortunately, HSBC has a big business and can resist it. As long as the slightest news comes out and the public runs, these banks will only face bankruptcy and liquidation.
Now if you want to say who can save these banks, there is only the Li consortium, they have made a profit of tens of billions of Hong Kong dollars in the stock market this time, plus their profits this year, and then there will be 40 billion yuan in cash in hand if not 50 billion.
As long as Li Guangyu wants to save it, there is no possibility that these banks in Xiangjiang will fail.
However, Shen Bi knows very well that it would be good if Li Guangyu didn't fall into the well this time, and it was a dream to let the Li consortium come out and pull everyone ashore.
Just like the property market in front of us, as long as the Li consortium is willing to support the bottom, it will definitely not fall so quickly and so badly.
The Li consortium and its interest groups began to sell and sell at the beginning of the year, and on the Xiangjiang side, the scale of investment has been decreasing in the past two years.
Last year's claim that it would invest 6.5 billion Hong Kong dollars to build a new group building was just a slogan, and even the land has not been purchased so far. How can such an approach give confidence to those middle classes?
Shen Bi did not know what the Li consortium and its interest groups were planning, and kept shouting slogans, optimistic about the future development of Xiangjiang, and the group would increase investment in Xiangjiang.
However, the approach is quite inconsistent, the Lee consortium has been developing markets in Southeast Asia and the treasure island region, and his allies have also been pioneering the market in the past two years.
The market in Xiangjiang seems to have been forgotten by them, and in the past two years, these groups have not taken a single piece of land at the land auction.
Now they can sit and watch the situation, the property market crash has made them a lot of profits in the stock market, and their own banks are facing a crisis, Shen Bi is unhappy for a while when he thinks about this.
He knew very well that the Lee consortium and its interest groups had never given up on the right to issue Hong Kong dollars. This time, once there is turmoil in the financial sector of Hong Kong, when several major banks in Hong Kong need to stand up to stabilize the situation, the Li consortium will definitely discuss the issue of the right to issue Hong Kong dollar notes again.
If the financial situation is not optimistic, the Hong Kong Monetary Authority and the British government are likely to use this condition in exchange for the Lee consortium to help the government stabilize the financial situation in Hong Kong.
In recent years, with the rise of Tianyu Bank, a subsidiary of the Li consortium, HSBC has continuously lost the business of the Chinese family, and the bank's profitability has gradually declined in recent years, and the bank's major shareholders have been dissatisfied with him.
In the event of this turmoil in Heung Kong Finance), HSBC will suffer relatively large losses, and he may well end his decades of tenure at HSBC.
This is also the reason why he supports Li Guangyu's proposal that Heung Kong focus on developing the financial industry, as long as this market is expanded, he and HSBC can achieve greater development to solve the current crisis.
After Shen Bi's speech, Bao Yugang, Li Ka-shing and Henry Keswick also spoke.
Both Pao Yugang and Li Ka-shing have trading companies under their umbrellas, and their focus is on trade, telling about the various advantages of Heung Kong in this regard.
As for real estate, these two bigwigs did not mention that their main business is a real estate group, they are not like Li Guangyu, even if they do not develop the Xiangjiang market, they can still develop rapidly, and their focus is still here.
Although they will develop other markets in the future, they will not give up on the Xiangjiang market. Of course, they will never be the first bird, they will only follow the trend of rising housing prices in the future, not only in Xiangjiang or other regions, they will definitely not take the lead in raising prices, so as not to be infamy.
Henry Keswick is really worried now, he is raising money everywhere again during this time, and he must plug the hole on the side of Jardine Real Estate Group, otherwise there is likely to be a thunderstorm.
At the meeting, he talked about the contribution of the real estate industry to the economy of Hong Kong, and hoped that the government could introduce some policies to maintain the collapse of housing prices caused by political factors.