The news that real estate developers joined forces with the Hong Kong government to "work against each other" was published in various newspapers the next morning.

As the Financial Secretary, McGaulle was naturally told about this by his assistant, and he was immediately furious.

In 1966, he was appointed as an Administrative Officer in the Administrative Service of the Hong Kong Government, at the age of 26, and four years after graduating from Birmingham Business School with a bachelor's degree in philosophy. He has successively served as Assistant Chief Secretary, Assistant Financial Secretary, Commissioner of Trade, Secretary for Commerce and Industry (non-third secretary) and Deputy Financial Secretary.

Now that he has taken up the post of Financial Secretary, he has encountered such a thorny problem, which he did not expect. Of course, as a long-term official in Xiangjiang, McGaulle is well aware of the strength of Xiangjiang real estate developers, and if it were not for the great public opinion, he would not want to hit the real estate with great fanfare.

As the financial secretary, of course, he is also very concerned about fiscal revenue, and he is indeed worried about the threat of real estate developers - investing overseas.

Now, however, he must move back to a city, or he, the new financial secretary, will have no prestige and become a joke for the citizens.

Directly at war with real estate developers?

Obviously, it is impossible, others have not violated any laws, and even if they do, the Hong Kong government does not dare to openly suppress all real estate developers.

Soon, he wanted to say to his assistant: "You immediately invite HSBC Taipan Pu Weishi and Hang Seng Bank Chairman Li Guowei to come to my office, and say that I have something urgent to discuss!" ”

"Okay, Director!"

About an hour later, Pu Weishi and Lee Kwok Wai came to the Financial Secretary, HSBC is the 'quasi-central bank' of Hong Kong, and now it is the rotating chairman of the Hong Kong Association of Banks, and Hang Seng Bank is a subsidiary of HSBC, and the Financial Secretary is the top boss of HSBC, so the relationship between the three can be known.

McGaulle said: "Did you see the news in the morning? ”

Pu Weishi nodded and said, "I was also told by the assistant about such a big thing, and I think it's a little incredible. This year's real estate rise is so high, they are not satisfied! ”

Li Guowei also echoed: "They deliberately tried to entertain Canadian provincial officials, but in fact, they were targeting the 'crackdown on speculation' this time." They even revealed that they planned to use their own financial company privately to carry out a high mortgage strategy, which was obviously targeted along with the bank! ”

Hang Seng Bank is no longer the Hang Seng Bank of the past, in the 60s when the Hang Seng Bank was run, it was Li Guowei and HSBC who negotiated, and since then Li Guowei has really become an HSBC person. At the beginning, the Hang Seng veteran and HSBC still got along peacefully, although HSBC won 51% of the shares, but only sent 4 directors, did not interfere too much in the operation of Hang Seng Bank.

But over time, the Hang Seng veterans discovered that HSBC first listed Hang Seng Bank in the 70s, and then went on a stock market spree to expand its stake to 61%, so that the influence of the Hang Seng veterans has weakened.

In fact, HSBC is very vigilant against the elders of Hang Seng, and has been strengthening its holdings and supporting Li Guowei and a series of measures. In the end, the Hang Seng veterans could only completely lose control of Hang Seng Bank.

McGaulle nodded and said, "How do you think we can fight back against them?" ”

Pu Weishi and Li Guowei suddenly pondered, in this battle without gunpowder, the strength of that group of real estate developers was really very strong, and they were extremely united.

Seeing that the two of them were silent, McGowell immediately said: "What do you think of bringing Lin Zuhui over, he has an agreement with the Financial Secretary, if the National Commercial Bank is well run, he can give priority to the purchase of overseas trust banks at a price of 2.5 billion." Now, I just need to ask him to let New Era Group hold a press conference and agree to abide by the 70% mortgage. I'm sure he'll weigh the pros and cons too! ”

If Lin Zuhui was at the scene, he would not have to scold McGaulle, this was the condition negotiated at the beginning, and the Hong Kong government dared to go back on its word and threaten itself with it.

Pu Weishi actually didn't want Lin Zuhui to take the Overseas Trust Bank, after all, Lin Zuhui was too good at business, and he was worried that Lin Zuhui's bank would affect HSBC and Hang Seng in the future. However, at the beginning of the National Commercial Bank, others took out 5 billion with real money, who could have influenced the rise of others!

"This trick is not impossible, and it will collapse the real estate developer alliance in one fell swoop!"

McGaulle nodded and said, "Also, I hope you will come forward to advise all real estate developers not to go against the Hong Kong government. If they insist on going their own way, their other real estate plans will not be supported by the bank! ”

Pu Weishi and Li Guowei were shocked, McGaulle is taking the entire banking industry and starting a war with real estate developers!

However, as a quasi-central bank, it is impossible for HSBC not to agree and support McGaule;

Because HSBC is a 'quasi-central bank', it has to keep pace with the Financial Secretary.

"Okay, Director!"

But when Lin Zuhui was warned by Pu Weishi on the phone, he immediately wanted to go back - it's okay if you don't threaten me, you really threaten me, you HSBC has bullshit!

He is not another real estate developer, he needs the support of the bank, he has his own bank, plus he can earn a lot of cash in finance, he can completely lend the bank's money to his own company.

But he thought about it, he may not be afraid of the bank, but other real estate developers must be afraid!

They will definitely bow their heads, why should they stand up to it alone?

Moreover, if it is reported in the news, he will stand alone against the Financial Secretary, and the 'good reputation' he has saved so hard may be ruined.

Moreover, Pu Weishi also relayed McGaulle's words about the issue of overseas trust banks, which made Lin Zuhui a little worried and annoyed. He didn't believe the Hong Kong government would tear up the agreement, but he didn't want to gamble.

Therefore, after hanging up the phone, Lin Zuhui immediately ventilated with Zheng Yutong and others.

Sure enough, everyone sighed, saying that they didn't want to make too much trouble with the bank, and said that it was not like Lin Zuhui who opened a bank, which meant compromise!

In this case, Lin Zuhui suggested that everyone jointly hold a press conference to announce the decision of the real estate developer.

Everyone agrees!

Following.

Cheung Kong, New Era, New World, Xindi, Henderson and other large real estate companies jointly held a press conference, saying that they accepted the decision of 7% of the bank's mortgage and had no intention of going against the bank.

Real estate developers may not be afraid of the government, but they are definitely afraid of the banks.

Without the support of banks, any real estate group with strong financial resources cannot operate normally.

HSBC is the rotating chair of the Hong Kong Association of Banks, acting as the central bank of the government.

Those who know the times are Junjie!

Of course, this is just a compromise on the surface, which can be regarded as selling face to the newly appointed financial secretary and banks.

Actually?

First of all, the Hong Kong government may not be strict in the implementation process;

Secondly, HSBC and Hang Seng Bank also made a statement this time, and most banks are actually responsive to real estate developers. Therefore, it is logical that subsequent real estate developers collude with some banks to raise mortgages without authorization.

Finally, it is the general belief of real estate developers that the regulation is too rigid and not conducive to the development of the property market.

This matter is over, but the situation in the Xiangjiang property market has just begun!

When people found that the housing in Xiangjiang was not only not suppressed, but continued to skyrocket, it was the second round of 'war'!

At that time, it will not be the real estate developers who complain about the public, but the beneficiary groups, including the Hong Kong government.

See!

This incident gave Lin Zuhui a wake-up call, and the New Era Group should speed up - integrated development!

The next public outrage will never be so small!

Moreover, at that time, he will be the largest real estate developer and Shuai Hu, and he will be the best choice!

So he is probably the object of the most anger of the townspeople!

He had to do some preparation!

'Rejuvenating Hong Kong with Hong Kong Flow', 'Rejuvenating Hong Kong with Comics', 'Rejuvenating Hong Kong with Traditional Chinese Medicine', and 'Integrating the New Era Group' are Lin Zuhui's response plans.

Monday, November 11.

At the core high-level meeting of the New Era Group, Lin Zuhui said: "From now on, the purchase of land reserves will be reduced by 40%, and priority will be given to land and old buildings in Hong Kong and Kowloon, Sha Tin and Tsuen Wan. At present, we have a land bank of 3 million square feet less than Sun Hung Kai, so we don't need to be too aggressive, and we also need to consider the issue of comprehensive investment! ”

In the first ten months of this year, New Era Group purchased nearly 400 million Hong Kong dollars of land bank almost every month, and it is now as high as 30 million square meters, as well as 18 million square meters of agricultural land.

The purchase of nearly 400 million yuan of land bank every month is equivalent to spending almost all the profits from the development of the site and the return of land/construction costs.

At present, New Era Group still has almost 5 billion cash on its books and 8 billion cash in debt.

When the high-level officials heard this, they also knew that the uproarious 'Hong Kong government, banks, and real estate developers' incident had touched the boss - he didn't want to be a bird.

Chen Bin said: "Okay, but the location and quality of our land are still higher than Sun Hung Kai as a whole!" ”

Lin Zuhui said: "Since this is the case, the tone is set like this!" Moreover, we are now investing in a large number of large projects – the Tsuen Wan mega project, the commercial building redevelopment plan, which also requires a lot of capital. The cash flow on the company's books must also be sufficient, and it must be ready to make large investments overseas and in the mainland at any time. Xiangjiang is so small that it can no longer accommodate our New Era Group. ”

Everyone couldn't help but be surprised, this is the opposite of the boss's strategy of 'only investing in Xiangjiang', it is not that the boss cares about reputation and chooses to reduce his investment in Xiangjiang.

Seeing everyone's questions, Lin Zuhui said with a smile: "Of course, the main thing is to invest in Xiangjiang, not less than 60%!" ”

The crowd nodded.

Then, Lin Zuhui said to Lu Dong: "Triple the talent scale of New Era Group (Huaxia) for me, and be ready to expand to the mainland at any time!" ”

Everyone is like a god about Lin Zuhui, in fact, they are used to it, and no one in Xiangjiang has a boss who makes such an accurate prediction in advance. The boss said this today, it must have been when he went to the mainland in October, and he got some news.

Lu Donglai said seriously: "Okay, I know what to do!" ”

He followed the boss to the mainland to investigate, and he also heard some of the boss's layout, so it is not surprising.

Finally, Lin Zuhui concluded: "Everyone can rest assured that the Hong Kong government's effect on real estate this time will not be too good, and the real estate momentum of Hong Kong is still full. Next year, we will still have a large cash flow. Therefore, take out our passion and seriously manage every industry. When the time comes, the whole group will burst into astonishing power. ”

Fight for everyone, and the province can think that this time it is the Hong Kong government and the bank that won.

"Yes, boss!"

Everyone is really enthusiastic, and next year the New Era Group will gain more, and the office buildings have moved in, and the status in Xiangjiang can be seen.

(End of chapter)