Chapter 370: The Company's Values

Hong Kong's real estate boom can be traced back to the 70s.

At that time, business giants such as Mr. Li, Mr. Gu and Mr. Bao were investing in the real estate sector, and the top 10 real estate companies were listed publicly, while funds from Japan, Southeast Asia and Australia also poured in. Driven by various factors, housing and land prices in Hong Kong have risen sharply. By 1981, Hong Kong had become the world's second largest housing district after Japan.

In business, they don't think there's anything wrong with that.

It doesn't matter what they think or how they look at it, what matters is that if Hong Kong's economy goes wrong, they will also suffer huge losses.

Looking at the faces of everyone, the charter continued: "In order to stimulate the development of the Japanese economy, the Bank of Japan has adopted a very loose monetary policy, encouraging capital to flow into the real estate and stock markets, causing real estate prices to skyrocket. After the depreciation of the US dollar, a large amount of international capital entered Japan's real estate industry, which further stimulated the rise in housing prices.

Tempted by the sudden rise in housing prices, many Japanese are starting to lose patience. They found that it was quicker to make money by speculating in stocks and real estate, so they took out their bank savings to speculate. By 1989, real estate prices in Japan had soared to an absurd level.

The land area is equivalent to California, and the total market value of its land price is four times the total land price of the entire United States. I remember that by 1990, the price of land in Tokyo alone was equivalent to the total land price in the United States. The average wage earner cannot afford to buy a home in a big city, even if they spend their life savings, and only billionaires and executives of very few large companies can afford to buy a home.

91 years later, with the withdrawal of international capital profits. Japan's real estate bubble, fueled by foreign capital, burst quickly. Property prices plummeted. By 93. Japan's real estate sector has collapsed, individuals have gone bankrupt, businesses have collapsed, and bad debts have reached $600 billion.

As you are all seniors in the real estate industry, you should know very well how similar the current property market in Hong Kong is to that of Japan, and once this bubble bursts, in fact, sooner or later, the market value of your companies will shrink significantly. The economy of Hong Kong as a whole will fall into a long recession. Without the support of other pillar industries, this depression and downturn may last for 10 or even 20 years. ā€

The charter is not alarmist, Mr. Lee knows better than anyone that in the past decade from '84 to the present, Hong Kong's housing prices have grown by an average of more than 20% per year. Especially from last year to this year, the real estate market has appreciated by 80%, and the Hang Seng Index has increased by 1.3 times.

Housing prices per square meter in central areas such as Central and Tsim Sha Tsui are as high as 100,000 Hong Kong dollars, and some office buildings in prime locations have even reached a sky-high price of nearly 200,000 Hong Kong dollars per square meter. Stimulated by soaring housing prices, real estate speculation in Hong Kong has rapidly prevailed, and a large number of "property speculators" have emerged.

People blindly invest in real estate. In order to seize opportunities, many people often rely solely on the description on the phone of a real estate agent. made a hasty decision to buy a luxury house, and some time ago there was a strange thing that you had to spend 1.5 million Hong Kong dollars to buy a number before buying a house.

This is very abnormal, and "abnormal" for a businessman is a risk.

The NB department smelled the danger and began to prepare for a rainy day. At the same time, the preparation they made is based on the economic considerations of Southeast Asia as a whole, and does not involve real estate, in fact, they do not have much real estate investment in Hong Kong or even the world.

Unlike them, Huang He's owns tens of billions of Hong Kong dollars in real estate and land, and he can't get rid of it if he wants to, and if he really does that, if he really passes on all the risks to the public, it will inevitably lead to a serious moral crisis.

Thinking of the declining Japanese property market, Mr. Li gasped and was silent for a while before he whispered: "Mr. Zhang, maybe the situation is not as bad as you think, at least for now, Hong Kong's economic development momentum is still very strong." ā€

The rapid development of the domestic economy, especially after Premier Li successfully controlled inflation and caused a soft landing of the overheated economy, is like a stimulant shot for Hong Kong. A series of commitments by the central government have also given Hong Kong people enough confidence.

The property market has risen a bit excessively, but the stock market is also doing well.

Mr. Gu thought that the charter might be a bit of a fuss, and couldn't help laughing: "The charter, NB Electric can develop so well, and it is very much due to the fact that you have always been prepared for danger in times of peace." But the economy is not technology, it still depends on the overall environment. ā€

"Yes, Mr. Zhang, the shape is so good now, what to buy and what to earn, you can't think about it!"

The charter did not want to give the outside world the impression that he had no confidence in Hong Kong after its return to the motherland, so he shrugged his shoulders and said with a relaxed smile: "Maybe I'm really worried, seniors, just as if I didn't say anything." ā€

has been in business for decades and has experienced so many winds and waves, if there is no sense of crisis at all, where can the current Huang He Department come from.

Mr. Li shook his head and said with a stern face: "Mr. Zhang, thank you for giving us a reminder, even if what you said will not happen now, it will happen in the future, so we should take a long-term view and not just focus on Hong Kong." ā€

A tycoon suddenly smiled and asked, "Mr. Li, you don't plan to fight with me for that piece of land in the New Territories?" ā€

"Don't argue, I've invested in so many projects in the mainland, even if I want to compete with you, I don't have that fund."

As expected, apart from Mr. Li and Mr. Gu, who has not expanded further in Hong Kong in recent years, and Mr. Shao, who has been focusing on funding education all these years, several other tycoons are very optimistic about the Hong Kong real estate market.

It's your business to hear everything. Seeing that the time was almost up, the charter simply got up and apologized to everyone again, and rushed to the CUHK Stadium to attend the last rehearsal before the dinner.

The CUHK Student Union was very well prepared, not only inviting more than a dozen celebrity chefs from the NB Room and the Heung Kong Shi YĆ n Center, but even cooperating with performing arts companies to decorate the gymnasium beautifully.

At 6:10, the guests entered the venue one after another.

Before the banquet officially begins, the band members have a forty-five minute time to eat. The charter and the high school president just picked up the plate. Xia Yao walked over with Xiao Zhanghan and Xiao Zhangqing smiling.

The charter hugged his son and kissed him. He looked back and asked with a smile, "What about the eldest brother-in-law and the second brother-in-law?" ā€

Xia Yao nodded slightly at Principal Gao. He laughed in a low voice: "The eldest brother-in-law and the people from the Linli Association are talking over there, Shaojun is chatting outside with several professors from the Department of Chemistry of CUHK, and the eldest sister and the second sister are with the Gu family, and they haven't had much contact, so we came in first." ā€

Principal Gao pinched Xiao Zhanghan's nose, pointed to an exit behind the podium, and said, "It's quiet over there, pick something to eat." Go over there. ā€

"Thank you, Principal Gao."

Xia Yao was about to take the plate, when a familiar voice came from behind him: "Mrs. Zhang, I've been looking for a long time, so you are hiding here!" ā€

"Tengxi, where did you come from?"

It's been three years, Tengxi doesn't seem to have changed at all, a pair of crystal eyes, clear and clear, bright like stars, smiling excitedly at this side. The eyes were bent like crescent moons, as if the spirit had overflowed. Between a smile and a smile. The noble look is naturally revealed, and people have to marvel at her elegant and delicate light.

Xia Yao quickly greeted her and took her hands enthusiastically.

"Don't invite me for such a big event, I can only come uninvited," she probed to send a bright smile to the charter, and immediately leaned over to Xia Yao and said: "More than 10,000 Hong Kong dollars for a meal, your husband is really black!" I'll keep the admission ticket and I'll be reimbursed when I get back. ā€

The nature of the country is easy to change, and when they meet, they joke as before, Xia Yao pouted at a few middle school students behind the dining table: "Who makes your money and who reports it, what's the matter with us?" ā€

"Let others do the happy events of your own family, who are you looking for? I'll settle this account with you later, and I'll have to see my little niece and nephew first. ā€

"Han Han, call Auntie."

"Hello Auntie."

Reminded by the charter, the little guy called out to Auntie, and then shifted his gaze to the dazzling dining table. Qingqing was much more sensible, and hurriedly put down the plate and said, "Aunt Teng is good." ā€

"Qingqing is so tall, and I have learned to speak Chinese." Tengxi was surprised and couldn't help but pull Qingqing into her arms.

"I've learned it early, Aunt Teng, what do you want to eat, I'll help you get it."

"Thank you, Auntie was well fed on the plane, and she wasn't hungry at all." Tengxi patted her arm, then turned around and smiled: "Xia Yao, how did you teach, Qingqing is so sensible, she envy me to death." ā€

The daughter is so sensible, Xia Yao is very proud, walked to the side of the charter and asked with a smile: "When you become a mother, you will also teach, President Tengda, what's the matter, I heard that you are still in the boudoir?" ā€

"What to wait for, but I haven't met the right one."

Tengxi looked at the smiling and silent charter, and then said, "Xia Yao, I want to borrow your husband for a while, do you have any opinions?" ā€

There is nothing particularly important, she can't come all the way from BJ, Xia Yao hugged Xiao Zhanghan, and said half-jokingly: "Borrow it, just remember it." ā€

After saying hello to Principal Gao, the charter took her aside and asked, "What's so urgent?" ā€

Tengxi stared at his big watery eyes and asked, "I can't come to see you if I'm fine, how can I say that you are also my brother-in-law, or a brother-in-law I haven't seen for three years." ā€

The charter didn't have time to argue with her, so he asked while eating with a plate, "Say, so many people are waiting." ā€

"D is old and 301."

"I know."

Tengxi quickly looked around, saw that no one was paying attention to this side, and then said, "Director Zheng is worried that his old man may not be able to survive this hurdle. ā€

The charter nodded slightly, and did not gnaw again.

"Before the old man enters the hospital, let me ask you, have you thought about it?"

"What's the matter?"

"How do I know what's going on, didn't you agree in advance?"

Crossing the fruit on the plate, he pondered for a moment before he spoke, "I think I know what he asked, but I haven't changed my mind." ā€

Tengxi didn't know why, and asked with a puzzled face: "Then how do you ask me to reply to Director Zheng?" ā€

The domestic affairs are too complicated, and the charter doesn't want to get involved, so he resolutely said: "No need to reply, in addition, you are not too young, you should find a suitable family, don't stay up to become an old girl." ā€

He had never asked these mothers-in-law questions, Tengxi seemed to realize something, and hurriedly asked, "What about NB Medical's business in China?" ā€

"Even if you don't come. Mr. Wu will also have an arrangement. ā€

Look at the way she wants to speak and stops. The charter continues: "The current sales model in the country. It's no longer in line with the company's current values, so it is necessary to make some adjustments. If nothing else, the company's compliance department will investigate all subsidiaries, including NB Medical, and the second-level and third-level agents in China.

Once it is found that there is bribery in the operation, it will cancel its agency qualification, and investigate the responsibility of the general agent and the sales supervisor of each company, that is to say, there will be a big reshuffle from top to bottom, and the domestic business will be re-arranged. ā€

"So prosperity is closing?"

"Yes."

Tengxi realized that NB Electric has developed to this day. There is no need to win orders through those crooked ways.

She had already been mentally prepared for this, but she didn't expect it to be so soon, so she couldn't help but shake her head and smile bitterly: "Boss Zhang, you are using me as a rag, you can wipe it when you want to use it, and throw it in the trash can when it is dirty." ā€

"Where did you say this, if it is really that dirty, you will also come out of the sludge without staining, and you will be clear and rippled without demons. Besides, you're just a vice president, not a president. Even if anything doesn't concern you. ā€

Tengxi glared at him fiercely, and said angrily, "What about then." You've worked hard for three years, so you have to show a little bit, right? ā€

The charter was happy, and couldn't help but smile and asked, "Four years of vice president, the dowry hasn't been earned yet?" ā€

"That's what I deserve, and now it's yours."

"I'm sorry, I don't have money, and I don't want to die."

"Cross the river and tear down the bridge!"

The charter sighed lightly and said slowly: "President Tengda, it's not that I cross the river and tear down the bridge, but this matter is very difficult to do. Besides, it's not that there is no money, the world is so big, you can't go anywhere, you can't do anything, why bother to work for people again? ā€

Tengxi glanced at Xia Yao, who was looking this way, and pretended to be angry and asked, "So you are determined to let me sweep the floor out?" ā€

"You didn't enter the door of NB Electric at all, how can you sweep the floor and go out?"

"I don't care, I just know that I dedicated four years of youth to you, and you have to give me an explanation."

Why does this sound a little awkward, the charter was ridiculed, and I couldn't help but smile and ask: "My Tengda president, I don't bring such a slander, it looks like I did what I did to you." If you are really worried that you will not be used to it suddenly, I will go back and ask Pan European International Travel to arrange a European tour for you to enjoy the great scenery of Europe. ā€

"I haven't finished appreciating the great rivers and mountains of the motherland, and I'm not interested in Europe. Forget it, I can't tell you one, two, three, four, I'll go to Xia Yao and ask her to give me an explanation. ā€

As if agreed, just got rid of the tiger girl who was in the gate, a blonde lady in a black evening dress suddenly appeared beside Xia Yao, and the two chatted happily, pointing here from time to time.

Sitting in the last row of the band, holding the triangle like a fool's charter, he couldn't help but turn sideways and say, "Dr. Jiang, your idol is here." ā€

Jiang Meimei looked at it and immediately exclaimed, "Natasha! ā€

Yin Pengjun has been staying in the real yĆ n center, except for striving for commissioned R&D orders, he rarely deals with the company, let alone has the opportunity to deal with BNB News Network, and for a while he really can't remember who the blonde next to Xia Yao is, and asked with a puzzled face: "Who is Natasha?" ā€

Guo Junru smiled and introduced: "Battlefield Rose, the strong woman of BNB News Network, last year's Pulitzer Prize winner. ā€

"Ahh

Yin Pengjun reacted at this time, remembering the Bosnian genocide she exposed, and remembering the Nobel Peace Prize winner in East Timor this year, he suddenly smiled and said: "In my opinion, she should be awarded a Nobel Peace Prize, it's amazing, I must take a photo with her when I go back." ā€

Jiang Meimei joked: "If you look beautiful, you have to take a photo with someone, and you are not afraid that your wife will be jealous." ā€

"I admire her from the bottom of my heart."

Seeing a few sharp-eyed Hong Kong reporters, they all gathered around her, and the charter sighed: The nickname of Battle Rose is not for nothing, and Natasha is indeed worthy of admiration. Since officially joining BNB News, I have been in Bosnia-Herzegovina for three years! Countless reports were sent back, and each report was on the front line of the firefight.

The cameraman with her changed three, one was scared, and after staying for half a year, he returned to Germany with a backpack; The next two were local employees, one died in the line of duty in a mine, and the other was hit by a stray bullet and is still lying in the hospital. If it weren't for the fact that she became a thorn in the side of the Serb armed forces for revealing the genocide, she would have continued to stay there. ā€

Yin Pengjun asked again, "Then has she ever been injured?" ā€

"Yes."

Jiang Meimei was a member of the women's group with Natasha at the charter wedding, and she had a good relationship with Zhang Lin, who had been in contact with Natasha, and knew these things very well, so she immediately blurted out: "The time the cameraman hit a mine, she was hit by three pieces of shrapnel and lay in the camp of the United Nations peacekeeping force for two months, and she and her boyfriend met when they were injured." ā€

"Her boyfriend is from the peacekeeping forces?"

The charter smiled and confirmed: "Well, a Dutch military officer, who is an observer in the United Nations peacekeeping force, I have seen the photo, he looks very handsome, but he doesn't seem to be here today." ā€

As he spoke, the dignitaries began to enter.

The last Governor of Hong Kong attended the Nobel Prize celebration dinner for the second time, and after greeting Mr. Li, Mr. Gu, Mr. Shao, and the president of HSBC, he walked up to the band and shook hands with President Gao, Professor Arrov, and the charter one by one.

It's not interview time, and reporters can only take pictures from afar.

He had just returned to the main table with his front feet, and the future chief executive, with short white hair and a very honest look, and a cadre of members of the Provisional Legislature also came over and greeted the constitution and others one by one.

One after the other, one person at one table, just a polite handshake, without any communication, looked very embarrassed, so that the guests couldn't help but think of the return after a few months. (To be continued......)