In Jia Lei's nervous waiting, the financial typhoon of the bursting of the real estate bubble in Hainan has approached the island.

On June 23, 1993, when the last group of property speculators who received the news began to nervously search for their next home, the final whistle suddenly blew without warning.

On the same day, the then deputy manager of the State Council delivered a speech, announcing the termination of the listing of real estate companies and the full control of bank funds into the real estate industry.

Although this speech was brief, it was like a slap in the face to the real estate market, and all kinds of messages immediately came out of the market, and those who had heard the wind before were sure that they were really going to do it.

"Jia Lei, what do you think of this news?" Ah Fei asked him with the newspaper.

"Pull a hair and move the whole body, this news is actually afraid that the impact will be too great, so give us a hello in advance, so that we can be prepared. Jia Lei glanced at the newspaper and said.

"Then what are we going to prepare?" Ah Fei asked.

"We don't have to prepare anything, you just need to take care of the people in our company. No matter what kind of chaos happens outside, everyone doesn't care, as long as we keep the mall in order, there is no problem, as long as there are customers to buy things, we will not lose money. Jia Lei said with certainty that this is the benefit of doing business.

"Okay! I'm going to tell them. Ah Fei nodded and said.

"Boss, is there a guest looking for you?" Jin Shan knocked on the door and walked in.

"What guest?" asked Jia Lei.

"A gentleman surnamed Zhou!" said Jin Shan.

"Mr. Zhou, I don't know him? Isn't the reception of this kind of person usually handled by Ah Fei?" Jia Lei asked.

Jia Lei is too young to walk in the business field, so it has always been Ah Fei's responsibility to deal with outsiders like this.

"This Mr. Zhou has indicated that he wants to see you, and I can't help it. This is his business card, you have to take a look at it first, you can't accept this person. Jin Shan reluctantly handed Jia Lei a business card and said.

This Mr. Zhou is the leader of a provincial office in Haikou, specializing in speculating and selling houses and land on the island for the unit.

Jia Lei looked at the title on the business card and knew why Jinshan would put a person who did not have an appointment in, this person's official is not big, but he must be the henchman of the leader who can do this kind of thing for the unit.

"You go and invite this Mr. Zhou in, and I'll ask him what I'm looking for?" Jia Lei said.

"Okay, boss!" Jin Shan said, and then he went outside the office and invited Mr. Zhou in.

"Hello! I'm Jia Lei, it's a pleasure to meet you. Jia Lei stood up and stretched out his hand to Mr. Zhou and said that this was a popular reception ceremony in officialdom at that time.

"Little Boss Jia, I'm also very happy to meet you. Mr. Zhou immediately shook Jia Lei's hand and shook it enthusiastically.

"Please sit down first, I don't know what you came to me for today?" Jia Lei sat down and asked.

"I have something to do, have you read the leader's speech in the newspaper today? What do you think of the development prospects of Haikou's real estate market?" asked Mr. Zhou.

"Why do you ask me this question? I didn't flip the house?" Jia Lei asked puzzled.

"That, one of the old chiefs we led is a neighbor of Elder Wang, and he and Elder Wang especially recognize your ability to judge the market economy.

Therefore, as soon as this incident came out, the old chief specially asked us to ask your opinion, so that we would not have any accidents and cause unnecessary economic losses to the province. Mr. Zhou explained.

"Since my godfather's friend asked you to come, then I'll say it straight, I'm not optimistic about the real estate development of the island!

"Why? The island is a special economic zone, and the policy here is so good, why don't you be optimistic about it?" asked Mr. Zhou.

Because several other special economic zones in China are developing very well, people at this time still attach great importance to the word special economic zone.

"Since you came to ask me about this, it means that your unit is also speculating, right? Can I ask you a question?" Jia Lei asked.

"Yes!" Mr. Zhou nodded.

"Where did the money used by your unit to speculate on houses and land come from?" Jia Lei stared at him and asked.

"There's nothing to hide, the money for our office to speculate on land is borrowed from a bank in our province?

"Now the state has terminated the listing and financing of real estate companies, and cut off the way for mainland banks to continue to lend to island real estate companies, which means that the largest source of funds for the island real estate industry has been cut off!

Once there is no new capital to continue to push up housing prices, the island's housing prices will definitely fall, so I think the island's real estate market prospects are not very good, not only the island's market prospects are not good, but I also think the domestic market prospects are not good.

The rest is my speculation, and I can't say it......" Jia Lei said, and there are some things he can't say too clearly.

"Your analysis is indeed very reasonable, I will convey your opinion to our leaders, our leaders are still waiting for me to reply, in this case, then I will tell you first. Mr. Zhou stood up and said.

"Please, I'll let the driver take you back. Jia Lei said.

"No, I'm here for the unit's car. In fact, we came here to open an office and be responsible for purchasing public cars from various units in the province, so our unit has never been short of cars. Mr. Zhou said with a smile, and then he hurried back to report.

"Leader, do you think Jia Lei's analysis is reliable? I think Wang Lao's godson is too young. And he is also very timid, is it worth believing that these words are unclear," Mr. Zhou said.

Don't look at this Jia Lei's young age, but his ability to make money is not small, and his policy analysis this time is very good.

We are all mixed in the system, you should know more about the interpretation of the policy than he is, although the news sent above does not seem to directly do anything to the island's real estate industry, but it suddenly cut off the lifeblood of the island's real estate market.

It looks like we should really think about letting it go......," the leader said.

"But it's not easy for us to let go now, right? We have dozens of properties in addition to the resort project we are building in our hands, and it is not easy to sell them all. Mr. Zhou said.

"It's not easy to sell, you can go out and contact the buyer, I'm afraid it'......s too late," the leader said, Mr. Zhou had to nod.

But Mr. Zhou, they still didn't come and quit in time, and on the 23rd, a warning message for the real estate industry was just issued, and the next day the knife fell.

June 24, 1993

The State Council issued the "Opinions on the Current Economic Situation and Strengthening Macroeconomic Regulation and Control", proposing 16 macroeconomic regulation and control measures, focusing on the financial field: rectifying the financial order, strictly enforcing financial discipline, and controlling the "three chaos" formed by arbitrary lending, indiscriminate fund-raising, and indiscriminate investment.

Among them, the biggest blow to real estate is the following

1. Strictly control the issuance of currency and stabilize the financial situation. The annual currency issuance should be controlled at ×××× billion yuan, and this should be regarded as the primary goal of macroeconomic regulation and control this year

2. Resolutely correct illegal borrowing of funds. The People's Bank of China should stop issuing loans to non-bank financial institutions, and the loans that have already been issued must be withdrawn within a time limit.

3. Flexibly use interest rate leverage to vigorously increase savings deposits.

Fourth, resolutely stop all kinds of indiscriminate fund-raising. All localities and departments should carry out a comprehensive clean-up of all forms of fund-raising that have been carried out since 1992 without the approval of unauthorized departments, and the interest rate on fund-raising must not exceed the relevant state regulations.

5. Strictly control the total scale of credit. Loans for investment in fixed assets should be used in concentrated use for key state construction projects such as agriculture, transportation and telecommunications, energy, important raw materials, and water conservancy within the state plan

6. Specialized banks should guarantee the payment of savings deposits. Vigorously organize deposits to compress general loans, and liquidate and recover unreasonable loans and borrowed funds within a time limit.

Seven...... Eight...... Nine...... Ten...... Eleven......

12. Strengthen the macro management of the real estate market and promote the healthy development of the real estate industry.

The Ministry of Construction should take the lead in organizing the land, industry and commerce, taxation and other departments to conduct a comprehensive inspection of all kinds of real estate development and operation institutions, and investigate and deal with business units with false registered capital, no development capacity, and tax evasion.

A baker's dozen...... Fourteen...... Fifteen...... Sixteen......

Because this document has a total of 16 rules, it is referred to as the 16 rules of the country.

Although the country's 16 rectification measures are not aimed at the island's real estate industry, it is fatal to the island's real estate bubble, and there are even two administrative provisions here.

To put it simply, these 16 strong regulatory measures have played a role in strictly controlling the total scale of credit, raising interest rates on deposits and loans and treasury bonds, recovering illegal loans within a time limit, reducing infrastructure investment, and cleaning up all projects under construction.

As soon as these 16 gold medals came out, the island's real estate bubble burst at once.

Mr. Zhou, after seeing the 16 articles of this country, the luck in their hearts was completely gone.

"Since the old leader and Jia Lei are not optimistic about the island's real estate market, we should also go. The leader said.

"I have found a few buyers today to sell the resort land and the project in their hands, and we have bought the land in a good location and the project is half done, and there is a customer who wants it, but he does not have enough money. Mr. Zhou said.

"If the bank refuses to lend, who still has the money! Well, you go and tell them that we are willing to lower the price by 10%, and see who is willing to take over." The leader said.

"Okay, I'll go to him. Mr. Zhou nodded and said.

Mr. Zhou was busy for two days and finally found a family, although the family had no money in hand, but he found two construction companies that were willing to help him advance money.

In this way, Mr. Zhou and his office finally disposed of the largest asset in their hands, although they still have some scattered real estate in their hands, but these are just small amounts of money, and it doesn't matter if they are trapped.

A smart and fast runner like Mr. Zhou escaped the catastrophe, but some people were still stubborn and refused to give up their houses and land even though they heard the news.

In fact, after the real estate control policy came down in 93 years, the price of the house did not fall sharply at the beginning, and the first thing to fall was the land, and the land price in Hainan was even higher than the house price at this time.

After 1989, the land obtained by more than 100,000 yuan per mu and hundreds of thousands of yuan has soared to more than 3 million yuan per mu in 1992, and rose to the highest level of 6.8 million yuan per mu in 1993, with an astonishing growth rate.

After the regulation policy came down, the land fell for the first time because there was no asset guarantee, and after only a month, the island land and housing prices fell by half.

For a time, the island real estate market was full of mourning and blood, and people jumped off the building and hanged themselves every day.

Please remember that the first domain name of this book is .. m.