Chapter 221: Late
Li Zhendong's practice of buying a large amount of expensive jewelry is quite eye-catching at this moment. To put it mildly, the eyes of the entire jewelry store are almost all focused on them.
The farce of the young couple just now just took everyone's attention away for a while. Li Zhendong and Liu Ping, two young people, bought a lot of jewelry, which is the most surprising scene. The people present, including the employees of the jewelry store and Manager Lin, have worked for many years, and have never seen or thought that anyone would do this.
Since last year, the economy and real estate market in the port area have hit a record high, the inflation rate has reached more than 15%, the economy has begun to overheat, and the market demand for funds has increased unabated. Affected by the contraction of the US government's currency to combat inflation, funds in the market are too scarce, and the preferential interest rate in the port area has risen sharply.
Historically, the highest interest rate on bank deposits in China was in 1993. The one-year interest rate is 10.98% and the three-year interest rate is 12.24%. In October 1981, that is, last year, the best saved deposit rate offered by Hong Kong banks was 20%. Speculation in the real estate market and a large amount of capital investment have caused banks and financial companies to accumulate funds, interest rates to rise, credit to shrink seriously, and a shortage of money.
Minato's economy began to fluctuate, and the stock market crashed. With the sudden change in the situation, political reasons, economic recession. This year, starting in September '82, the port economy was hit hard, the real estate market almost collapsed, from '82 to '84 was a period of downturn in the real estate economy of the port area, and it was also a period of sluggish economy in the entire port area.
The unit of calculation of real estate in the port area is different from that of mainland China. The footage is used, which is the square foot, and one square foot is equal to 0.093 square meters. When the newspaper publishes news about Minato City. It is often said that so-and-so bought a thousand-square-foot mansion in Minato Ward.
The high-end residential land in the area of South Bay Road on Hong Kong Island has fallen to about HK$500 per square foot, and the purchase of a 1,000-foot residential land is HK$500,000.
The price of residential buildings in North Point has dropped to around HK$66 per square foot. The thousand-square-foot mansion that people in Hong Kong people say is a house equal to about 93 square meters, a set of 660,000 Hong Kong dollars.
The average monthly income of ordinary citizens is less than $3,000, and the purchase of a residential building in North Point is equivalent to the salary of citizens for 19 years.
The collapse of the real estate economy has directly affected many real estate companies and financial companies in the port area. Then to the bank. Last month, the credit company was unable to repay the loan and announced liquidation, which immediately affected the run on Hang Lung Bank. In addition, the trigger led to the banking crisis in Minato in the early and mid-80s, when eight banks in Minato were acquired or taken over. As a result, the impact on the real estate market has been further increased.
One word. Now the rich people in Minato don't have much money. Money is very good. The collapse of the real estate market has affected all walks of life, but it is not as immediate as the real estate industry. The jewellery industry has also been severely affected, although jewellery prices have not adjusted much in the immediate aftermath of this year's recession. Li Zhendong buys it now, it should be considered an early purchase, and next year is the best time to make a move.
Someone is secretly despised. I don't know which family's second ancestor came out and lost the family. At such a young age, where can you get money if it is not for the money given by the family?
Someone who cares about it has roughly estimated. With the money that Li Zhendong used to buy jewelry this time, he could buy several sets of residential buildings in North Point, which are 1,000 square feet in standard. If you have money and don't buy a house, but you spend a huge amount of money to buy jewelry to please the beauties, tsk, isn't this the second ancestor?
The rich and noble ladies of the port area go to the jewelry store to buy things, and at most they choose one or two kinds of expensive jewelry. If Li Zhendong only bought four very expensive jewelry, it would not make people feel so surprised, because he bought both top-grade jewelry and a large number of second-class precious jewelry, which no one understands.
No wonder the Zhong brother was talking about the nouveau riche just now, and it was not only the Zhong brother who was red, there were two fashionable girls, looking at Li Zhendong, their big eyes were watery, as if they were about to drip water. It's a pity that there is a beautiful woman standing next to him, and this beauty's appearance is not comparable to the two of them.
Li Zhendong buys jewelry, it is investment, collection, and viewing! Beautiful things are not only liked by women, but also by men. When Liu Ping stopped Li Zhendong, Li Zhendong quietly told her that in a few years, the price of these jewels would be dozens of times. Besides, after you buy it, you can often wear new jewelry as long as you like? Liu Ping was moved, and was persuaded by Li Zhendong suspiciously.
The jewelry was counted, packaged, discounted, and after Liu Ping confirmed that it was correct, Li Zhendong wrote a check from HSBC. Of course, Manager Lin of HSBC's check knows, and when the clerk takes the check to the financial account of the jewelry store, the check is real and valid, and Manager Lin's professional smile has already become a real smile, and it is rare to meet such a son.
In the jewelry industry, relationships are very important. Taking the opportunity to give Li Zhendong and Liu Ping VIP gold cards, Manager Lin cleverly asked Li Zhendong and Liu Ping where they were from, and her estimation was that they were not the sons of the Hong Kong family, but the children of the family from Nanyang.
The words that came out of Li Zhendong's mouth were far from Manager Lin's estimate.
"Mr. Li is from the mainland?" Looking straight at the young man in front of him, Manager Lin almost finished his words word by word, and the expression on his face, you can say as strange as you want.
It can't help but be strange!
When people from the Hong Kong area come back to the mainland to invest or visit relatives, they all talk about the mainland in the same tone: the mainland is very poor. Manager Lin has naturally been in contact with this kind of person, and he has heard a lot about it a long time ago.
"Yes, I'm from the mainland, I'm going to do something in the port area," Li Zhendong said very clearly.
Manager Lin was very, very dazed, but, but, didn't he hear that mainlanders are not rich? For what have I encountered, buying expensive jewelry seems as casual as buying vegetables at the wet market?
Suddenly, a thought flashed through me, Manager Lin was excited, or, it wasn't that I was mistaken, but I met a different mainland visitor. Quietly looking at Li Zhendong's demeanor and demeanor, he felt more and more that what he expected was not bad, and Manager Lin was already a little in awe.
"Mr. Li, there are several rare treasures at the auction in May"
"Well, I still have a company in Minato, I'll leave a contact number for you."
It was already dark, and Huang Deding kept walking around in the yard, looking at his watch from time to time. Why hasn't the little brother come yet? Could it be that something happened on the way? Huang Deding was a little worried, thinking about waiting for another ten minutes, if the person hadn't come yet, he would have to ask someone to drive along the road to have a look.
Huang Deding's eldest son, Huang Yongkang, sat in the hall of the house, pouting, and didn't know who Lu Dao's father had invited, only that an uncle was coming, and that person was too, and he was going to come to the house as a guest, and he didn't come early, which was obviously late.
Car horns sounded, and lights were far away. Huang Deding smiled, "It's coming, it's coming, Yongkang is coming out"
"Huang Sheng, I'm sorry, something has been delayed" As soon as he got out of the car, Li Zhendong made amends.
"Well, three glasses of fine wine" Huang Deding smiled, turned his head and took his eldest son's hand, "Yongkang, come and see your Uncle Li and Aunt Li." Hearing Huang Deding's introduction, Liu Ping's face turned red.
Huang Yongkang's eyes bulged, and his face turned red, redder than Liu Ping's face, this is the uncle that my father said? Aunt? (To be continued......)