If the third quarter report of Infinity represents the strong recovery and competitiveness of the private economy, then the GDP data of South China in the third quarter that followed is a stable landing in the real sense!

28% year-on-year growth!

In this period of raging financial turmoil, the haze of the future has been completely shattered.

So much so that after being reported by the international media, the whole world can't help but be amazed, this is what they often call "deep Zhen speed"!

Many people are holding the handles in their hands, estimating when the GDP of South China will surpass Beijing, Shanghai and Guangzhou and become the largest city in the country.

On the Internet, the popularity of related topics has risen rapidly.

Among them, there are netizens commenting in the "China City Bar" of Qiandu Tieba:

"If it weren't for the introduction of foreign giants such as Microsoft and Honeywell in Donghai City this year, they would definitely have been surpassed by the rising star of South China City in one fell swoop!"

"Beijing, Guangzhou, and Shenzhen, I'm afraid it's going to be reversed!"

With the release of economic data for the third quarter across the country, major institutions and media are vying to report, and the recovery expectation of China's economy is also constantly strengthening.

The stock market finally got rid of the dark cloud cover trend of "up for one day, down for three days", and ushered in a sunny day after rain.

Both the Hang Seng Index and A-shares have come out of a strong rally.

The Shanghai Composite Index once again stood at the 4,000-point mark without any suspense, fully confirming the old saying that "the stock market is the barometer of the real economy".

Previously, because of the stock market crash, the experts and scholars who continued to fall and "kept silent" also became active again, and frequently appeared on the Internet and TV media, saying seriously: "A shares may usher in a round of slow bull market", and some people even boldly predicted that 6124 points is definitely not the highest point of the Chinese stock market!

For a time, the confidence of stockholders was high, the bull market theory was once again rampant, and the number of stock accounts opened by many securities companies has increased significantly.

However, only industry insiders know that in this round of "big rally" market, Infinity Securities is the biggest winner.

They almost opened positions at the lowest point of the market, and if you only look at the strength of the "CSI 300" rally, the price of many stocks has nearly doubled!

Based on this outstanding performance, Infinity Securities also launched a campaign on its website.

Shareholders only need to attach a screenshot of their position, and they can get an enamel cup printed with the words "A share 3000 points to defend the battle, participate in the war to commemorate the war" for free, and send it directly to their homes by courier.

The total cost of this activity is less than 100 million yuan, but it has won the goodwill of many shareholders.

After all, in their impression, no matter how much money a securities company makes, it is always that dime a dime.

November 2008.

A Rolls-Royce Phantom with a license plate number of "Guangdong A98888" slowly stopped at the entrance of Infinity Securities on Guangdong Avenue.

The driver presses the electric switch and opens the door.

A middle-aged man of about 50 years old, dressed in a well-dressed suit with a "square and round" face, stepped out of the car, took a deep breath, adjusted his state, and walked into the building with steady steps.

A few minutes later, hearty laughter rang out in an office on the twelfth floor.

"Lao Xu, you can come here, what are you doing with so many things, this is too outlandish!"

Chen Jie looked at the middle-aged man and the assistant behind him, carrying a bunch of large bags and small bags and squeezing into the office, he was really a little crying and laughing.

"I heard that you were hospitalized some time ago, and I was very worried, but I couldn't contact you, so this time I finally learned that you were in the company, so I rushed over as soon as possible."

"It's all some of our northern specialties, it's not worth much, I just hope it will help your body recover."

Xu Jiayin said extremely enthusiastically, and secretly gave the assistant a look, asking him to quickly put those ginseng and cordyceps next to the sofa in the office, as if he was afraid that Chen Jie would refuse.

"Hey, Lao Xu, you guy"

Seeing this, Chen Jie shook his head helplessly, not knowing what to say.

I can only ask the secretary to make a pot of Longjing tea to refresh myself.

As a real estate businessman, Xu Jiayin inevitably has some charlatanism, but it is precisely because of this that Chen Jie is more willing to play with him.

After all, everyone comes from the grassroots, and they used to have a low starting point, and they are more resonant in many things.

If it is those so-called "business celebrity circles", "elite of famous schools" will not be able to integrate into it, and even have some resistance.

It's just over three o'clock in the afternoon, and the stock market is closed.

Chen Jie thought about it, anyway, there was nothing to do today, so he simply chatted with Xu Jiayin, from the financial turmoil to the recent new Greater Bay Area policy, and the stock market rebound during this time.

Both sides have obtained some news from each other's mouths within their respective industries.

Seeing that the atmosphere was almost over, Xu Jiayin took the initiative to pick up the teapot on the coffee table and pour tea for Chen Jie, and at the same time, intentionally or unintentionally, extended the topic to real estate, and quietly observed his face.

As a man of the year in the real estate industry, Xu Jiayin knows very well that people who work hard in shopping malls pay the most attention to aura and vision.

He came to Chen Jie today, of course, it couldn't be just to visit his illness and catch up on the past.

In recent years, the real estate industry has been changing, development opportunities are fleeting, and Evergrande has had to adopt a large-scale expansion strategy and invest in a large number of projects in order to gain market popularity.

In October 2007, the state began to regulate real estate, allowing banks to limit loan approvals to property developers.

In this case, Evergrande still bucked the trend to take land.

By the end of 2007, Evergrande's land bank reached 45.8 million square meters, an increase of nearly seven times compared with 2006.

At this time, Evergrande's total assets expanded to 21.38 billion yuan, total liabilities were 20.53 billion yuan, and the asset-liability ratio was as high as 96%.

As a private real estate enterprise, Evergrande mainly relies on bank loans for its source of funds.

The bank suddenly withdrew loans some time ago, which caught them off guard, and the capital chain of many ongoing projects was broken, resulting in Evergrande's cash flow being extremely tight now.

And he was also forced into a corner by heavy debts.

In the face of this funding crisis.

The first thing he thought of was Vanke's Wang Shi.

Because Evergrande and Vanke have a certain cooperative relationship in business, and they are both "real estate people", the personal relationship between the two is okay.

It would be great if the other party could pull themselves.

It's just that what he didn't expect was that as soon as he opened his mouth, Wang Shi rejected him mercilessly.

In the end, the two broke up unhappily.

In desperation, he could only find ways to raise funds through an IPO to alleviate debt pressure.

As we all know, companies listed on the A-share market generally have a higher price-earnings ratio and can raise more funds.

However, he also knew the relevant information, and knew that the listing process of A-shares is very complicated, and it usually takes two years to prepare in advance, not to mention that there are hundreds of companies in the queue, and there is no time at all.

So he finally decided to list on the Hong Kong Stock Exchange.

Because the listing conditions of the Hong Kong Stock Exchange are relatively relaxed, there are no rigid requirements for corporate profits, and more attention is paid to the growth potential and market prospects of enterprises.

However, due to the company's aggressive expansion in recent years, non-standard governance structure, and opaque financial statements, Evergrande ultimately failed to pass the listing review of the Hong Kong Stock Exchange and lost its most important financing channel.

As a last resort, Xu Jiayin found Chen Jie and wanted to borrow some funds to tide over the crisis.

At the same time, he is also thinking about it.

If even Chen Jie is unwilling to help him, then he can only go to Xiangjiang and ask for help from the "Earth Society".

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PS: I've been so busy lately because at the end of the year, there is a stock that needs to be done.