In the face of the current severe and complex situation, the collapse of the property market is inevitable, and if Hong Kong does not find new economic support, the era of depression will come.

As Youde, who just took over as the governor of Xiangjiang this year, obviously does not want to usher in such a black start.

MacLehose's years of governance in Xiangjiang have made him enjoy full praise in Xiangjiang. And if he takes over Xiangjiang, Xiangjiang's economy will continue to decline, then such a clear response will allow him to be nailed to the pillar of shame in Xiangjiang, and Xiangjiang will be a negative model in history.

In order to maintain the stability of Xiangjiang and to maintain the economic development of Xiangjiang without a major slowdown, on the morning of the 19th, Youde specially held a meeting of the Xiangjiang business community in the banquet hall of the Governor's Palace, and invited the heads of large and medium-sized companies in Xiangjiang and the heads of major families in Xiangjiang to attend the meeting to discuss the future of Xiangjiang's economy.

More than 300 people attended this time, which was a very large number of people at the meeting held by the Governor's Palace. This time it was not the previous banquet, and I brought my family with me, and the invitees came alone this time.

At the meeting, Youde expressed his gratitude to the attendees and gave a brief introduction to the current situation in Hong Kong, with a focus on the real estate industry.

Youde said: "The development of Xiangjiang in the past few years has made many of our businessmen look at the huge profits here, and the price of the property market in Xiangjiang has increased several times in just a few years. In the past, the average family might be able to buy a good house in just 10 years, but now it takes 20 or even 30 years, and such a price is obviously unreasonable. ”

"The collapse of the property market in Hong Kong is inevitable, and I invite you to come here today in the hope of discussing with you the future of our Hong Kong, and the economic development of Hong Kong is ultimately in your hands. I think this property market crisis has also made you aware of the danger of engaging in the real estate industry alone, and the development of Hong Kong cannot rely only on real estate, we need to find more pillar industries. ”

Among the people who came today, there are already many people who regret that they have pressed all their assets in the real estate industry, and the property market crash has hit them too hard.

The business elites of Hong Kong are well aware that Hong Kong's current economic development is likely to decline sharply.

The property market crash not only affected the real estate sector, but also the political situation in Hong Kong, and the service industry in Hong Kong was not doing well.

The flight of the middle class, coupled with a large number of people trapped by the property market, has caused Xiangjiang to lose a large number of consumers.

Whether it is Zheng Yutong's Chow Tai Fook Jewelry Company, or Hengyu Supermarket Group, Watsons and Hongyu Clothing Group, in the past two months, sales performance has declined to a certain level.

At this time, the government will not come up with some policies that can boost confidence, and the economy of Hong Kong will be even less optimistic next year.

The collapse of the property market is good for consumption in Hong Kong, so that citizens can have more funds in their hands for consumption.

However, there must be a pillar industry that can replace the real estate industry, and what does Xiangjiang currently have besides real estate.

At present, nine and a half of the top families in Xiangjiang are mainly in the real estate industry, even if Li Guangyu's own real estate group accounts for a small proportion of profits, but it also has three major real estate groups.

Once the property market in Xiangjiang collapses, countless people in Xiangjiang will face unemployment, major groups will definitely reduce salaries, and their bonuses will be reduced accordingly.

As early as a few years ago, Xiangjiang's economy began to develop towards deformity, and when they found that the profits made by their company's hard work for a year were not as good as the profits brought by the appreciation of the purchase of a few houses, they would also invest in real estate.

At that time, Heung Kong did not pay attention to this point, and when South Korea, Baodao and Singapore were developing high-tech industries, in order to support the continued development of the semiconductor electronics industry, the real estate industry of Hong Kong also ushered in glory.

Due to some reasons, the government is reluctant to upgrade the industry in Xiangjiang, and the major upper-class families are not willing to spend huge sums of money to invest in the research and development of semiconductor and electronic industry technologies.

How good the real estate industry is, simple and effortless, the profits are still very high, and the returns are very fast. Unlike the electronics industry, which can invest billions of Hong Kong dollars, it still can't see results.

As soon as the real estate industry collapsed this time, the economy of Xiangjiang showed its prototype, and the false prosperity that Xiangjiang had relied on high housing prices in the past finally showed its proper appearance at this time.

Fortunately, unlike some places, when the property market crashes irreversibly, they will not intervene in the market, so that housing prices will not fall, no matter how the future economy of Xiangjiang develops, at least for the time being, the Xiangjiang government still has the courage to puncture the real estate bubble.

Although this will be a big blow to the economy of Hong Kong, as long as the major groups and families of Hong Kong carry out the transformation and invest their funds in other industries, especially some high-tech industries, the future economic development of Hong Kong will definitely be able to recover.

At present, Youde still has the heart to develop the economy of Xiangjiang well, and he hopes that he can have a relatively perfect political career in Xiangjiang.

It's a pity that his current mentality will change soon, and at that time, he won't mention the transformation anymore, he hopes that all the major families in Xiangjiang will be engaged in real estate, so that he can sell more land, and finally leave this mess to the mainland.

At the meeting, Youde said to everyone present: "In order for Xiangjiang to have enough talents to support the development of our various industries, our government plans to establish Xiangjiang University of Technology and Xiangjiang City University to provide conditions for everyone's industrial transformation and upgrading." ”

Youde is very clear that the reason why there is no high-tech enterprise in Xiangjiang is mainly because Xiangjiang's talent pool is not good, especially science and engineering talents.

It's a pity that Youde miscalculated, and these top families in Xiangjiang don't have much thought to do anything in the high-tech industry.

Compared with these, they are keen on traditional industries, they know more about these, they don't want to get rich suddenly, they just need to enter this industry to bring them good benefits.

Therefore, even if these families in Xiangjiang expand their industries, many of them are also related to their real estate, such as the hotel industry. Another example is to control some industries related to people's livelihood, such as electricity, transportation, gas, water supply and other industries.

These industries have relatively little risk, and the cash flow is very strong, and these companies related to people's livelihood will charge as usual every month, which can provide them with a steady stream of funds for development.

Because of the discrepancies in these ideas, although Youde talked about the broad prospects of the future of the electronics industry, there were few responses to him, and there was no family ready to enter it.

There are a few people who respond, and they are only the heads of some electronics companies who are foundry, they don't have any core technology, and many parts are imported from outside, and then they assemble them themselves to earn a little foundry fee.

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