Half a month has passed since the Iron Lady's visit to China, and in mid-October, Hong Kong's stock market is still sluggish.

What is even more exaggerated is that the price of the property market in Hong Kong has fallen far more than people think.

For example, in Kowloon Bay, not far from the Victoria Harbour Terminal, the selling price of industrial land has dropped from $360 per square foot to $25 per square foot in terms of floor area, a drop of 93%, setting a record on Hong Kong Island in recent years.

The high-end residential land in the area of Nam Wan Road has also dropped from $1,500 per square foot to $550 per square foot, a drop of more than 60 per cent.

Those real estate companies that have made great strides in recent years, including emerging real estate groups such as Hang Lung and Great Eagle, and even Hongkong Land, a subsidiary of Jardine Matheson, are all pulling eggs.

The fall in land prices has directly led to a sharp drop in the Hong Kong government's fiscal revenue, and the Hong Kong government's deficit is as high as 3.2 billion Hong Kong dollars near the end of the year.

However, Hong Kong citizens have always had the habit of buying up and not buying down, and now the two cities are falling wildly, and which big real estate companies in Lu'an are waiting, let alone these people.

Time flew to the end of November, and in the headquarters of Siyang Finance, Xu Xuecheng took a deep breath and asked,

"What is the exchange rate of the Hong Kong dollar against the US dollar now?"

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