Chapter 373: Who Wants the House to Go Up (1)
After lunch, everyone rested for a while, Duoduo was sent to school again, the three of them chatted together in the living room of Zhao Mei's house, as for the work, it was naturally done by the employees, the boss only needed to sit together to rest, and wait for the results?
The content of the chat between the three people was transferred from the property management company to the housing price in Shenzhen.
The real estate in China has finally begun to develop, and the price of houses in the Shenzhen market has risen, starting to appear quietly, and when people react, they have found that wages have indeed risen, but it seems that it is farther away from ordinary people being able to buy a house! After the first round of the rising wave of the property market, people are really stunned when they look at the newly baked prices on the roadside!
And Zhao Hong was listening to her sister sighing that the housing prices in Shenzhen were too high, and they were rising too fast! Everything is good in big cities, but the houses are too expensive! If she were based on her original income, she might not be able to buy a small house to live in in her lifetime!
Zhao Hong knows that the continuous and rapid rise in housing prices has torn apart two social extremes, and finally turned a society accustomed to ordinary life into a country full of the smell of money everywhere. In the future, with the continuous real estate carnival, the class of ordinary people and the super-rich will continue to grow, and they will continue to accumulate more resentment, "their annotation to the times will always be profound: the plunder of the system is reasonable and legal on the surface, but the essence is naked plunder."
With the rapid rise of the domestic property market, the country will gradually begin to be portized, and all the production enterprises will leave because of the high cost, and ordinary people will not have a place to live in their lives, but what will happen to some rich people? Take advantage of unequal conditions to harvest the greatest wealth, and then leave prepared for a long time? and even take away everything that can be taken away!
The bell rang in the distance, and the aftermath was faint, what was it trying to tell?
……
Among the many wealthy people in Hong Kong City, the lace news is the most famous and the most famous, I am afraid that the chairman of Chinese Real Estate, known as "Da Liu", the amorous and wealthy man, in the early years, occupied the headlines of luxury and scandals for a long time, Li Beauty, Guan Beauty, Cai Beauty and other well-known actresses have worshiped his charm and wealth. However, when Da Liu, who enjoyed the spring of the world, started his business, he relied on a rustic business: electric fan manufacturing.
Although most of the richest people in Hong Kong now derive their wealth from the real estate industry, in the early days of their business careers, they were engaged in various industries, such as the plastic flowers of the richest man of Lee, the gold exchange shop of another rich man, the Chow Tai Fook of the rich man, and the shipping industry of the rich man, etc., which earned them their first pot of gold. The same can be said of Da Lau, whose electric fan business started in a small workshop of 26 workers in Wong Chuk Hang, South District, Hong Kong Island.
The ceiling fans of the Daliu factory can sell well in the United States, mainly due to low cost, and the working environment of the Wong Chuk Hang workshop is harsh, and the workers work more than 18 hours a day......"
Xiao Wanting began to explain the story of a wealthy man in Hong Kong City to her sister.
My sister scolded with some hatred, "Black-hearted capitalists, all evil capitalists, are really full of workers' blood and tears on every penny! ”
Zhao Hongyi raised his forehead and said, "This is the case for all bosses, especially in the early days of entrepreneurship, isn't this true for everyone? However, this is not allowed after normal production, at least production safety must not be like this!"
His factories prospered, and in the '80s he turned to real estate and the stock market, eventually becoming a billionaire. In 1984, his factory had just completed a milestone event: the electric fan factory was listed on the Hong Kong Stock Exchange, raising HK$150 million, and after the stock price doubled, under the guise of strategic disagreement with the company's partners, he liquidated all his shares near the highest point of the stock price.
After he left, the company's stock price fell from a maximum of 4 Hong Kong dollars all the way to 0.7 Hong Kong dollars, and he quietly bought it all back, making a net profit of 200 million Hong Kong dollars in and out, laying the foundation for his future mergers and acquisitions of listed companies such as China Entertainment and ACN. In fact, before he did this, the well-developed securities market in Hong Kong City had become a wealth booster for the top rich, the most famous of which was the "counter-cyclical" play of the linkage between the stock market and the property market.
In the 1960s, after the economic take-off of the port city, the stock market immediately flourished, and by 1972, there were already four stock exchanges, the Hong Kong City Stock Exchange, the Far East Stock Exchange, the Gold and Silver Stock Exchange, and the Kowloon Stock Exchange (merged into the Stock Exchange in 1986).
In the second half of 1972, the flagship companies of Hong Kong's four major families were listed in a centralized manner: Rich Kwok's Sun Hung Kai (September 8), Lee Shoufu's Cheung Kong (November 1), the Lee family's Wing Tai Development (November 6), and the Cheng family's New World (November 23). The collective listing of real estate companies is another engine that boosts the rocket-like take-off of Hong Kong's real estate industry after the "strata sale and installment payment" system.
These companies took advantage of the fundraising facilities of the stock market and their understanding of Hong Kong's real estate cycle to embark on a "counter-cyclical" ......"
My sister asked anxiously, "What is counter-cyclical play?"
Zhao Hong explained: "Actually, didn't we talk about it in our political economy? Capitalist society has an inherent problem of economic development, that is, economic crises, and they break out regularly! This is the cyclical nature of economic development. ”
Siu Wanting went on to explain, "Specifically, during the boom in the property market (usually during the boom in the stock market), sell real estate, cash in on profits to push up the stock price, use the high stock price to raise a large amount of funds to reserve cash, and wait until the property market is at a low ebb (usually the stock market downturn) to buy land and property while buying non-real estate listed companies with a large amount of land, which are extremely cheap during the stock market downturn."
Cheung Kong and Sun Hung Kai, for example, both went public in 1972 and raised funds during the bull market of '72-'73, with Cheung Kong issuing new shares five times in 1973 alone. In 1975, during the economic downturn in Hong Kong, two companies with strong cash reserves bought a large amount of land. By 1981, when Hong Kong's economy returned to its peak, Cheung Kong cashed in a profit of 1.4 billion, 32 times that of 1972, and Sun Hung Kai cashed in a profit of 550 million, 10 times that of 1972.
After a few rounds like this, the strength of the four major families has increased exponentially. In 1972, Cheung Kong was listed with a market value of only 126 million Hong Kong dollars, and by 1981 it had increased to 7.877 billion, with amazing growth. But the reason why the "counter-cyclical" play of real estate companies can be played is behind the super bull market in Hong Kong's property market: on the one hand, the baby boomers in the fifties and sixties entered the stage of getting married and buying houses in the eighties, and on the other hand, there is a steady stream of new immigrants. ”
My sister was a little puzzled and asked, "What does this have to do with the current rise in housing prices in Shenzhen? Could it be that in the future, Shenzhen will become the same as Hong Kong City?"
Looking at her sister with an incredible expression, Xiao Wanting covered her mouth and smiled.