Chapter 677: The Solution

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In fact, it is mainly the value of the shares of Alibaba and Baidu, with the Nasdaq crisis becoming a thing of the past. The stock prices of eBay, Yahoo, Amazon, and LinkedIn have risen to varying degrees, and the Chinese Internet giants have also become optimistic about Wall Street investors. For example, Ctrip.com has grown by 43% since its listing on the NASDAQ at the end of 03 in less than half a year. Sina, Sohu, and China.com, which were listed before, also rose to varying degrees.

Guo Shouyun nodded. Last month, Zhang Lei just stepped down as CEO of GCA Trust. He has been working part-time before, so his value judgment of these assets is relatively accurate.

"With a total of 23.6 billion Huaxia coins, can Hanhua Bank come up with so much money now?"

Commercial banks have a lot of business, and there are different types of loans alone, such as industrial loans, commercial loans, agricultural loans, science and technology loans, and consumer loans, not to mention overnight loans, bill discounting, and so on. Every business requires money, so although the bank has a lot of deposits, it doesn't have much money allocated to a business. 23.6 billion Chinese dollars, according to the current exchange rate, is 3 billion US dollars. Compared with the total assets of 21 billion US dollars, it is obviously impossible to take them all.

"At most, only a fifth can be solved. Zhang Lei shook his head and said.

"What if it's ABS?"

"Hanhua Fund can solve 400 million US dollars, and if the boss can give a grace period of two months, Hanhua Securities and Orient Securities can sell all these ABS (asset-backed securities). ”

Guo Shouyun thought for a moment and nodded.

"Just do as you say!"

In fact, he can take these assets to Phoenix Bank, and with Phoenix's total assets now approaching $600 billion, he can easily get a full loan of $3 billion.

However, this part of the assets in the hands of Hanhua Trust is all in Huaxia, and he hopes to use this asset to raise money in Hanhua and Oriental Group, so that they can also get benefits. Otherwise, Hanhua and Dongfang will always fall into the phoenix, which is not the result he wants to see.

"Boss, this 23.6 billion Huaxia dollar loan, if it is in Hong Kong, is fine, with an interest of about 1.5 billion a year. If it is in Huaxia, even if only part of the funds issue bonds, I am afraid that it will have to take an extra two or three hundred million yuan in interest. ”

The current deposit rate of China AMC is 7.5%, and the yield on your bond issuance is unlikely to be lower than that. Therefore, whether it is a commercial loan or the issuance of bonds in Huaxia, it is not a good choice.

By comparison, the federal funds rate in the United States is now less than 2 percent. The money in the bank is flowing to the market, the price of real estate is changing day by day, and you can imagine how much less interest you have to pay on a loan here than in Huaxia.

The Hong Kong dollar is pegged to the US dollar, so the interest on deposits and loans of Hong Kong banks is also not high.

"Let the Eastern Bloc earn some and make some. Otherwise, Chen Yu would have worked too hard against a Delong mess. Moreover, although 45% of the shares of the Oriental Group belong to the four major banks, we are the controlling shareholder. It is impossible not to give anything good. Guo Shouyun smiled, "We have given benefits and made the Oriental Group make money, and the four major banks, as shareholders, cannot say nothing at all." ”

Zhang Lei also nodded in agreement.

"By the way, have you met with the directors sent to the company by the four major banks?"

When Guo Shouyun sold Hanhua's shares to the big four banks, they put forward the conditions for forming a board of directors. Guo Shouyun did not object to this, anyway, he did not regard Hanhua Bank as his private vault. Just like this mortgage, everything is done according to the rules. And only by operating according to the rules can Hanhua have the possibility of growth. Otherwise, who wants to put their money in your bank if you want to take it?

"See! The quality is not bad!"

"That's good. … What about our people?"

Since it is a dispatch director, of course, it is not possible for only the big four banks to send directors to GCA, and GCA also sends its own employees to the four major banks. Moreover, both parties are non-executive directors and are only responsible for supervision, not operation.

"It's already inaugurated. There is nothing important to focus on at the moment. ”

Guo Shouyun nodded.

"With this money, it should allow Universal to have about 1,000~1,500 acres of land in each circle of first- and second-tier cities across the country. ”

"You're going to give it all to Universal?"

"Hmm... Now you have also seen the dynamics of the domestic real estate industry in China. I'm afraid that if we go late, all the good plots will be occupied by others. In addition, land is also a real asset, and when Global takes down the land, Hanhua Securities will use this batch of land to issue another ABS bond. When the time comes, it can leverage nearly double the assets. ”

"If you don't think it's enough, the second batch of land can continue to be leveraged to leverage the third asset!" Zhang Lei said with a smile.

"No need!" Guo Shouyun waved his hand, "The second batch of land is in hand, and the amount of land we hold in the first and second-tier cities across the country will be about 2,500 acres." Compared with the amount of land hoarded by other real estate companies, this number is not small, and if it is more, I am afraid that the government will not be able to explain it. After all, we are hoarding land, not developing it immediately. In addition, it is different from other real estate companies. For real estate in first- and second-tier cities of Global Real Estate, the income from selling houses can balance the expenses, and I don't plan to sell the rest of the properties. ”

Zhang Lei was not surprised by Guo Shouyun's idea. He is also well aware of Global Land's corporate strategy.

"Do you plan to develop all of them according to the standards of the four major mansions in the capital?"

"Hmm!"

"In this case, the number of residences held by Global Real Estate will only exceed 10 million!" Zhang Lei said with a hint of exclamation in his tone.

Guo Shouyun smiled, "Almost." Although there is a part of the land that needs to be commercialized. However, according to the gross profit of 30% of the real estate industry, plus the premium factor after one year, we can leave 1200~13 million units. After deducting commercial real estate, it is definitely going to be subtracted. In the end, what really falls into our hands may be about 8 million ~ 10 million sets. ”

He doesn't plan to be like the old Li family, purely to hoard land and sell it for money. Rather, I want to be the world's largest charter company after it is completed in the future. Therefore, he will only hoard land for a year, and in a year, Global Real Estate will be able to generate a net profit of about 1 billion. With this money, it is definitely not possible to fully develop 47,500 acres of land, but it is almost enough to lay the foundation or something. And as long as you have this step, you can sell the off-plan property, and then support the house to be built step by step until the whole project is completed.

10 million small houses, even according to the minimum standard, 1,500 yuan a month rent, 70% of the rental rate, global real estate revenue in this area can reach an annual income of about 10 billion. However, more than ten years later, in the current second-tier cities and the new first-tier cities in the future, how can the rent of a small apartment in the city center be so cheap in January.

And it's the property that's really worth more than the rent.