When Chen Li called Zheng Wenyuan to talk about the economic stimulus and loose monetary policy that the central government was about to implement, Han Zirui, her sister Han Ziwei and Zheng Wenyu were also in Shangdu at this time, and they were sitting in the small courtyard where the provincial party committee assigned to the governor Zheng Cong to live to discuss how the central government's new policy would affect Wanbang Real Estate.

As the deputy director of the Pujiang Municipal Party Committee Office, Zheng Wenyu has been working beside Geng Zhiqiang, deputy secretary of the Dongjiang Provincial Party Committee and secretary of Pujiang, all the year round.

This time, the State Council convened an economic work conference to convene principal provincial and municipal leaders to study countermeasures in view of the suppression of domestic economic growth by the spread of the financial crisis.

Comparatively speaking, Zheng Cong was delayed this time, and did not go to Beijing to attend the meeting in person, but waited for Luo Rongmin to return to the province after attending the meeting and made a report at the meeting of the Provincial Standing Committee, so that Zheng Cong knew the specific spirit and instructions of the Beijing Economic Work Conference.

After the meeting in Beijing, Zheng Wenyu did not return to Pujiang with Geng Zhiqiang, but took leave to visit his parents in Shangdu, and also asked Han Zirui to meet in Shangdu.

Zheng Wenyu and Han Ziwei's son, who was just a toddler, was running around in the yard, stared at by the nanny. Han Ziwei's mind is not on her young son, at this time she is more concerned about how Wanbang Real Estate can better seize the opportunity of this exciting new deal, her son fell on the lawn, she just glanced at it, her body didn't stand up, just watched the nanny trot over to help.

Zheng Cong frowned slightly when he saw this scene, but he also knew that his daughter-in-law didn't like children very much, and under the urging of the parents of both sides, she was about to become an elderly mother and gave birth to a child, but after giving birth, the child was also handed over to the nanny to take care of the whole process, even this time with Zheng Wenyu to Beijing for a meeting, and then to the business capital, the nanny followed the whole process.

Zheng Cong only frowned, and didn't say anything to his daughter-in-law.

Han Zirui, Zheng Wenyu, and Han Ziwei were immersed in the stimulation of good news, and did not notice Zheng Cong's reaction.

In the second half of '07, domestic exports were inevitably affected by the subprime mortgage financial crisis, and in '08, the area of influence began to spread and spread to the deep-seated structure of the domestic economy, the property market and the stock market were hit hard, and the scale of non-performing assets of commercial banks increased sharply, and the bank credit was greatly contracted.

The general environment has become harsh, and Wanbang Real Estate has invested too much money in the rapid expansion of 06 and 0 years, resulting in a significant reduction in capital reserves and a surge in short-term accounts payable.

In order to prevent the impact of the financial crisis, Wanbang Real Estate has become cautious throughout 08 years.

In May, in order to solve the crisis of the joint venture company Wanbang Jialong, Wanbang Real Estate took out more than 4 billion cash at a time, and then until the end of October, a full five months passed, and Wanbang Real Estate did not even store a new piece of construction land, nor did it add a new project.

Wanbang's caution has enabled them to calmly cope with the continuous deterioration of domestic real estate market sales in the third quarter, but at present, the central government's determination to introduce a new policy before the year to promote the domestic economy to maintain a relatively rapid growth rate has been made clear.

More importantly, while other large and small real estate companies in China are shrinking their businesses and carefully coping with the impact of the financial crisis, Xinchaorui has spilled more than 20 billion yuan in the past six months to acquire projects and construction land.

If the reclamation project of Bihai Xinrui City is approved, Xinchaorui will once again pay tens of billions of land transfer funds, and the construction land reserve in its hands will also increase to 25 million square meters in terms of the total buildable area of the planned plot ratio.

This figure will make the construction land reserves mastered by Xinchaorui surpass Wanbang, Nanhua and Puxin Hongchang in one fell swoop.

In addition to the construction land reserve, the total area of saleable houses in the hands of Xinchaorui has also reached an astonishing 7 million square meters.

That is to say, Wanbang really wants to drag until the domestic real estate market sales have a significant improvement, that may be the middle of 09 years, then in this case, their expansion action, compared with the new tide Rui, will be a full year late, then the end of next year or the year after that, Wanbang will be the new tide Rui comprehensive overtake of the past, will be a high probability event.

I don't want to be fully surpassed by the new trendy sharp in the past, and Wanbang is not going to fight against the new trendy sharp knife and arrow in specific projects at this time.

Although Wanbang and Xinchaorui's grievances are more entangled, it is not interesting to engage in vicious competition with Xinchaorui at this time, after all, the competitors in the first echelon are by no means the only Xinchaorui.

In the end, if Wanbang wants to maintain its position as a real estate leader, it will eventually become bigger and stronger, and as far as the current situation is concerned, what they have to do is to use as much money as possible to collect and store more construction land and acquire more real estate projects before other real estate developers react to the past.

Although Wanbang has not made any new moves in the past five months, Han Zirui has not stopped inspecting new projects, even if the Yuantuoshan tourism real estate project has been snatched away by the trendy sharp knife, there are still dozens of reserve project options in Han Zirui's hands.

This is also the key reason why Han Zirui gave up the Yuantuoshan tourism real estate project.

On the one hand, even if he successfully takes over as the chairman of Wanbang, he is not qualified to fight with Chen Li with the overall interests of Wanbang Real Estate, and on the other hand, there are so many potential high-quality projects available for Wanbang to choose from across the country, how can he consume Wanbang's resources for no reason because of personal grievances and fighting in individual projects?

For the same reason, Han Zirui also knows that at the recent land auction and trading conference held in Pujiang City, Wanbang really wants to compete directly with Xinrui City, and Chen Li is really likely to give up the Yuantuoshan project at any time.

Unlike small and medium-sized real estate enterprises, at this time also need to rely on specific political and business relations to grab greater interests, but for the new city at this time, the relationship with the local government, even if it can not be stronger, but it will definitely not be much disadvantaged, I don't know how many local governments are hollowing out, looking at the leading real estate companies like Xinrui City to settle in the past, Xinrui City can not be tied to death on this project.

Yesterday, Han Zirui had a long phone call with Zheng Wenyu, and he went to the company this morning to sort out the inspection projects that Wanbang is currently looking at, including those that can be directly negotiated into mergers and acquisitions, as well as the construction land that the local government plans to take out for auction in the near future, a total of 16 cases, and it is expected that a huge amount of funds of about 25 billion to 30 billion yuan will be used.

In the past year, Wanbang has reduced the scale of short-term debt payable, but due to the dismal domestic new home sales in the second and third quarters, Wanbang's cash reserves have not been able to increase, and it has now been reduced to only 8 billion.

Wanbang's current project under construction is much larger than that of Xinchaorui, and no matter how low the cash reserve is, it cannot be less than 5 billion, which means that Han Zirui will implement his new expansion plan, and the additional financing scale will be about 25 billion.

At present, after all, the central government's loose new policy has not been formally promulgated, and the major commercial banks have tightened their monetary foundations; according to normal means, it is very difficult for Wanbang to increase the scale of its debt by more than 20 billion yuan at once by borrowing money from commercial banks; and Wanbang can only use the relationship between the Zheng family and the Han family to persuade specific commercial banks to relax credit restrictions on Wanbang real estate by borrowing money from commercial banks; and Wanbang wants to carry out the next round of expansion before the new policy is introduced.

This is also a key reason why Han Zirui came over to see Zheng Cong today.

There is another reason, that is, in the new round of expansion cycle of Wanbang, how to better reflect the interests of the Zheng and Han families.

Wanbang Real Estate was listed earlier, and the total shareholding ratio of Zheng and Han was directly or indirectly reduced to about 30% of Wanbang as early as 04 years, and before the start of the bull market in 07 years in the securities market, the total shareholding ratio of Wanbang was further reduced to less than 18%.

Although Zheng and Han still firmly control the board of directors of Wanbang through 18% of the shares, with such a low shareholding ratio, Wanbang will obviously not be able to maximize the interests of Zheng and Han in the next round of expansion, whether it is revenue or profit scale.

If you want to maximize the interests of Zheng and Han, the first choice is that Wanbang Real Estate can learn from Xinchaorui and take advantage of the low stock price at this time to issue new shares to major shareholders to expand the proportion of Zheng and Han's indirect or direct shareholdings, so that it can also directly provide a part of the expansion funds for the next round of expansion of Wanbang Real Estate.

It's just that the private placement takes a long time, and it has been four months since the preliminary preparation to the convening of the board of directors to announce the private placement plan, and then convene the general meeting of shareholders to discuss and vote, and finally form a document to be submitted to the securities regulatory department for approval, and it will take at least one month at the earliest, before it is possible to formally obtain the approval of the securities regulatory department and implement the new share issuance.

Zheng and Han will use all their relationships, and the entire cycle of new share issuance cannot be less than four months, and it is more likely to delay about half a year before it can be finally implemented, just like Xinruicheng.

If there is a big change in the stock price of Wanbang Real Estate during this period, the additional issuance plan will be delayed by new adjustments at any time, and Wanbang Real Estate will be quite complicated if it wants to stabilize the stock price through the operation of the secondary market.

In contrast, Xinruicheng chooses to issue new shares at a premium, which is much less affected by the fluctuation of stock prices in the secondary securities market; theoretically, Xinruicheng's stock price rises by 30% on the current basis, and there is no need to adjust the private placement plan.

There is another option, that is, Zheng and Han will directly increase their holdings of Wanbang Real Estate's issued shares through the secondary securities market to increase their shareholding in Wanbang Real Estate.

On the one hand, the increase in the holdings of Zheng and Han is not too low, after all, the increase in holdings of four or five billion yuan, it is estimated that the official announcement will directly push up the stock price of Wanbang Real Estate, on the other hand, Zheng and Han have so many additional funds in their hands, which are only used to increase the issued shares in the secondary market, but Wanbang Real Estate cannot get the direct injection of this part of the funds, which is undoubtedly a direct reduction in the scale of the next round of expansion.

The strategy that Han Zirui hastily thought of was that Zheng and Han might invest in a series of joint ventures with Wanbang Real Estate through the enterprises under their additional control, and merge projects and bid for construction land in the name of the subsidiaries.

In this way, the additional funds in the hands of Zheng and Han can be directly used by Wanbang Real Estate for the next round of expansion on the one hand, and on the other hand, they can fully share the huge benefits that the next round of expansion will bring.

However, this is only Han Zirui's initial idea, he rushed to the business capital this time, wanting to get Zheng Cong's direct support, and then return to Pujiang and put it forward on the board of directors of Wanbang.

Although Lu Chuanxue stepped down as chairman, no one can deny his influence on Wanbang, not to mention that Lu Chuanxue and Zheng Suxin also directly control 6% of Wanbang's shares, nominally the largest shareholder of Wanbang.

In addition, Lu Chuanxue stepped down as chairman, although he did not interfere in the specific affairs of Wanbang, either publicly or privately, Han Zirui did not think that Wanbang at this time must be satisfactory to Lu Chuanxue.

He wants to implement his plan, first, to get the support of the board of directors, which cannot ignore the influence of Lu Chuanxue and Zheng Suxin on the board of directors of Wanbang, on the other hand, a considerable part of the huge amount of funds held by Zheng and Han is placed in the name of the investment company directly controlled by the second aunt Zheng Suxin, and Han Ziwei is only Zheng Suxin's deputy in charge of this investment company at this time.