"Of course you guy, of course you want anything. Xu Zhi smiled secretly in his heart, Chen Songqing is playing with empty gloves and white wolves, and some of his own projects use fake huge transactions to raise the stock price to obtain loans.

If it is a project that cooperates with large companies such as Hongkong Land and Hang Lung, they will desperately use bank loans to complete the project, and as long as the housing price has been rising, the project can make a profit.

Among them, Chen Songqing can't care about any mortgage, the bank needs the mortgage to control the risk, but in his opinion, if I make a profit and the loan is repaid, what risk is there?

Many Hong Kong and overseas banks have been bankrupt because of this.

Xu Zhi asked, "What is your budget for this building?"

Chen Songqing said with a smile: "We Jianing and Hongkong Land plan to build an 80-storey high-rise building on the location of the Hilton Hotel, with a saleable area of 1.4 million square feet, because the building has not yet been formally tendered, the construction cost is difficult to say, but it should be between 2 billion and 2.5 billion Hong Kong dollars." ”

"What a huge plan, then I wonder if the two tallest buildings in Xiangjiang are ready to be held or sold?" Xu Zhi asked with a smile.

"All sold. Bao Fuda replied that if it had been a few years ago, they would have preferred to go into debt and leave the super building to collect rent.

But this year, Hongkong Land and several major Chinese-funded groups have joined hands to develop the land, and he found that the method of the Chinese-funded real estate company is the real way to make money, starting with a small amount of money, and then using the bank loan with all its might, the building is not yet built to sell the off-plan, and then repay the bank loan after making a profit.

This way is easy to go into battle, make a sum of money and change the land, and Hongkong Land has made a lot of profits after participating in it a few times.

"80 floors, 1.4 million square feet. Xu Zhi silently calculated in his heart, if the plan is really successful, this will indeed be a super building in Xiangjiang, and the highest Hopewell Center in Xiangjiang is only 66 floors.

According to the current housing prices in Heung Kong Central, the price of one square foot is between HK$4,000-5,000, 1.4 million square feet, and the total price is between HK$5.6 billion and HK$7 billion, deducting the land price of HK$2.7 billion paid to Hutchison and the construction cost of about HK$2 billion, the gross profit should be between HK$1 billion and HK$2 billion.

However, it also involves the demolition of the hotel, bank interest payments, taxes, etc., and it is estimated that the net profit should be about 1 billion Hong Kong dollars.

It seems that the profit margin is not very high, but it should be clear that whether it is the low price of 2.6 billion yuan paid to Hutchison and the construction cost of about 2 billion yuan, it is a loan, and the funds that Hongkong Land and Jianing may use are only a few hundred million, with the fame of their two companies, all the funds are from the bank.

For Jianing and Hongkong Land, the algorithm may not be the same, they will think that the house price will rise, if the house price rises by another 20%, their profit can increase by another 1 billion.

This is where the huge profits of the real estate industry lie, leveraging profits of 1 billion or even higher at a cost of hundreds of millions.

Xu Zhi added: "The Bank of East Asia can guarantee your construction costs, but because you don't have direct collateral, the interest can only be 16%!"

Chen Songqing frowned and said: "Xu Sheng, you are also the boss of the real estate company, you know very well this project, there is no possibility of loss, and the three of us are willing to jointly guarantee, the price of 16% seems too high, right?"

Xu Zhi shook his head and said, "I'm just looking at things from the bank's point of view, Chen Sheng, if you're not satisfied, you can go to other banks to try it and see how much discount they can give?" ”

Chen Songqing fell silent, took out a pack of cigarettes from his pocket, and said apologetically, "I'll go out to smoke a cigarette." ”

"Okay, let's rest for a while. Xu Zhi said with a smile, he was not worried at all that Chen Songqing and Bao Fuda would not agree.

At this moment, the interest rate in Xiangjiang is extremely heavy, if it is a loan without any collateral, many banks will not lend easily, even with the scale of Hongkong Land and Jianing Group, if you want to obtain an unsecured loan, the procedures are extremely cumbersome, and the loan interest is bound to be ridiculously high.

In the final period of the Wharf battle between Hongkong Land and the Ship King last year, Bao Yugang borrowed 2 billion from Shen Bi with a phone call and became a historical story, but what countless people didn't know was that the interest rate on this loan was as high as 21%, and Bao Yugang's funds had dried up after obtaining the Wharf, but the pressure under the high interest rate was too great, and he had to sell many ships in a row and pay off the loan within a few months.

Even with Shen Bi's status at HSBC, he was hit by the lack of approval from the board of directors for the loan, and even the Hong Kong Banking Regulatory Commission issued a warning order, believing that the loan was extremely risky and would threaten the financial security of Hong Kong if something happened.

This is also because in all the loan projects of the bank, the risk of unsecured loans is too great, especially for real estate companies that are extremely indebted, it is good that nothing happens, once something goes wrong, the smaller banks can be run out and go bankrupt.

Xu Zhi dared to lend this money because he knew that Hongkong Land could carry the real estate crisis of 83-84 in the future, and the only risk Jia Ning was also guaranteed by him in a series of guarantees, and the responsibility was pushed to Hongkong Land.

As far as Hongkong Land is concerned, Jardine Matheson has almost been unable to suppress the expansion of Bao Fuda, and at the same time, he himself is very optimistic about the future of the real estate market in Hong Kong, even in 82 years, the low price of Hong Kong has fallen, Bao Fuda also thinks that it is a good time to buy the bottom, and he has auctioned the huge land in the future Exchange Square.

As for Jianing, it's even simpler, anyway, it's an empty glove white wolf, and you can put it on.

Ten minutes later, everyone was back in the conference room.

"Xu Sheng, we can accept 16% interest, but we hope that the Bank of East Asia will support us with another 100 million Hong Kong dollars for the demolition of the current Hilton Hotel. Chen Songqing said with a smile. The cost of demolishing a building with more than 20 floors in this Central area will not be too low, tens of millions of Hong Kong dollars is the least, and I don't know how many muck trucks are needed to carry the garbage just for garbage removal.

"Yes. Xu Zhi thought about it for a while, nodded and agreed, they have already borrowed billions, and they don't care about the extra 100 million, obviously, Hongkong Land and Jianing are ready to use the bank's funds to the extreme, and use the bank's money if they don't pay for it themselves.

"Then I wish us a happy cooperation. Chen Songqing said with a smile, ready to shake hands to celebrate.

"Wait. Xu Zhi suddenly waved his hand.

"What's wrong?" Chen Songqing's hand was in mid-air, and Bao Fuda didn't know why.

Xu Zhi said with a smile: "One thing I forgot is that the Bank of East Asia has already provided a huge amount of funds for the Miramar Hotel project, and has also supported many infrastructure projects in the mainland, so the funds are not enough to support the two of them for the time being." ”

"......" Chen Songqing's face was almost blue, but he still paid attention to the occasion, and asked fiercely: "What does Xu Sheng mean by this, if the bank has no money, why didn't you say it earlier, everyone's time is very precious." ”

"Don't worry, you two. Xu Zhi said with a smile: "The Bank of East Asia has no money, but I do, and I will mobilize funds from Midea's overseas companies, but there is a problem, Midea's company's funds are in US dollars." ”

"Isn't it okay to change it?" Chen Songqing asked puzzled.

Xu Zhi shook his head and said: "In exchange, it will only be cheaper for the Hong Kong government, so what I mean is to lend dollars directly to the two of them, and then the two of them will repay the dollars." ”