(The chapter name is wrong, it should be Chapter 559)

The global financial crisis has finally arrived!

The first to be affected is the import and export processing industry and the foreign trade industry. Many foreign trade processing enterprises directly declared bankruptcy, and many foreign trade orders were cancelled or circulated one after another.

During this period, the biggest impact was on some foundries along the coast, especially some foundries in Wanwan, who directly excused themselves to go back to Wanwan for a meeting to discuss countermeasures, and then never came back.

The state may still be brewing a $4 trillion investment plan.

But the people have launched a self-rescue, and the boss Wang, known as the god of Wanwan management, has died of exhaustion in Shorthill City, New Jersey, USA, in order to deal with this crisis.

Chen Mingliang knows that there are many difficulties to be encountered next, but the most obvious is the domestic real estate industry.

Before the introduction of national incentive policies, banks will take the initiative to shrink the monetary base, and many real estate companies will have to be forced to cut their debts to repay their debts.

Chen Mingming's real estate company and affiliated companies are all rooted in Beijing, which is the hardest hit area of the real estate bubble.

This really needs to be prepared.

Chen Mingliang was very skeptical, Lao Jin, were they really ready? Will you survive this disaster?

Those who study finance are easy to think a lot, and Brother Liang really can't sit still.

"How many properties have we developed over the years and how many have been delivered? How many have been sold? How many are still unsold? ”

Chen Mingliang suddenly became concerned about the operating conditions of the real estate company.

The research meeting held at the real estate company was of a high standard.

Not only Chen Mingming's classmates and seniors, but also many well-known people in society, such as the senior of the pharmaceutical factory, Mr. Jack Ma, who runs a shopping website, and even Mr. Cao, the CEO of Xinlang, who is engaged in social media, has also come over.

Let's work together.

Lao Jin consciously ran the business well, and did not smell the seriousness of the financial crisis at all, but he has always been affected by Chen Mingming's steady style, he feels that the company is running very healthily, but he thinks that Chen Mingliang is not making a big fuss.

After all, it's the boss's request, the biggest!

"So far, we have a total of 26 properties that have been put on the market and projects that are being built. At present, a total of 11,790 residential sales have been completed, 9,465 have been delivered, and 2,325 have not yet been delivered, with a total area of 1.2 million square meters; There are 1,756 unsold houses in hand, with a total area of 158,000 square meters; At present, there are 9 projects under construction that have not yet been opened, which are expected to be developed into 7,650 residential units with a transactional area of 680,000 square meters. ”

......

"At present, the company has a lot of money on its books. The opening banks have a total cash of 14.3 billion, the total credit of each bank is 35 billion, the company's debt pressure is not large, and the total amount of long-term and short-term loans is about 77.9 billion. ”

"If the current projects under construction are all completed and developed, they still need to invest 10.2 billion, if the company's assets are counted, even if they do not count intangible assets, according to the current average price of 18,000 in Beijing, we have not yet completed the sale of more than 840,000 square meters, worth about 150 billion, even if the bank arrears and various needs to be invested, our company's net assets are now more than 70 billion!"

......

"So, I think our company is in a very healthy financial position, and we are extremely limited in what we need to spend each month.

Excluding the arrears of the account period, the items that need to be spent each month, even if they include construction costs and bank interest, add up to just over 1.7 billion.

In other words, even if we don't use bank credit, our own funds in our account are enough to support the successful completion of all our current projects. ”

......

"We have acquired land but have not yet started 16 projects, the company has invested a total of 6.3 billion, these are also our normal accumulation of inventory land, the asset scale and bank loans mentioned above do not include this part."

It turns out that the real estate company is really so rich!

Everyone was surprised, including Jack Ma, who was still struggling hard, he thought that his company was developing very well, and he wanted to compete with Chen Mingming's company, but now he had no idea at all.

It turns out that the real estate company still makes money!

This is the richest man in China!

Jack Ma's e-commerce company can only say that the valuation is not bad, and the valuation cannot be cashed out, but Chen Mingming's assets are net assets that can be discounted.

Lao Jin is really a talent!

Real estate development is really crazy, only a few years of hard work, engaging in real estate is really more terrible than opening a money printing machine factory.

However, these assets are placed under the umbrella of various affiliated companies, and these companies have the qualifications and experience of real estate development, but they do not want to engage in this industry in the future, and they can make a lot of money by selling their shells.

It's time for Chen Mingming's performance!

He immediately ordered the real estate company to do the following:

First, all bank loans, especially short-term loans, should be extended immediately, at least for more than 2 years, and it is best to be able to extend it for 5 years, and don't care about the interest.

Second, all bank credit loans will be cashed out immediately, and cash will be king in the future, and being able to hold money in your hands is more important than anything else.

Third, all accounts receivable should be collected as soon as possible, and there is no need to be too anxious about the unsold houses, and the undeveloped plots will slow down the development speed.

Fourth, other branches should also gather funds, and all loans that can be borrowed can be guaranteed by each company.

Although Chen Mingliang is not in the rivers and lakes, but fortunately, the execution of these people is not bad, and no one really challenges Chen Mingliang's authority.

A week has passed, regardless of other companies, the real estate company has more than 40 billion funds on its books, and it can really do a lot of things, and the short-term debt of bank loans is only 16 billion, and the others are loan contracts of more than two years.

Now, even if the funds on the books are paid off, there is enough room for other moves.

At the end of October, winter has not yet come, but the cold winter of real estate has arrived!

As expected, the bank suddenly stopped approving new loans to the real estate company, and even Chen Mingming's credit from the real estate company was all taken away, and the loan was earned, and all those who did not complete the process were terminated and the credit was cancelled.

Moreover, for those short-term debts that have not been negotiated, the banks have not agreed to extend them.

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Even, some long-term loans, the bank has also collected, they hope to pay the liquidated damages themselves, but also hope that Chen Mingming's company can repay the debt in advance.

How is this possible! Who would be stupid enough to send their heads under the guillotine.

Fortunately, the real estate company's own funds are already very sufficient, and it can be a good top.

However, other real estate companies in the capital really can't stand it.

Many people are engaged in real estate, which is a completely empty glove white wolf, and even as long as they can pay the auction deposit.

Once they have captured the plot, they can do two steps:

The first step is to apply to the government for an extension of the land transfer fee and the payment of the land transfer fee in installments, and some powerful developers can even pay this money in 5 years and 8 years;

The second step is to take the land approval documents to the bank for a loan, and when the loan is put down, pay part to the government and the other part to the contractor.

This is how the scale of real estate companies has expanded wildly.

This is not the case with Chen Mingming's real estate company, but this is how their affiliates deal with it.

It's just that they can still afford the land transfer money.

It is rumored in the real estate circle that this game was invented by Chen Mingming, but he didn't use it himself.

Now, banks are suddenly reluctant to pay any more, and many real estate companies are immediately on the verge of bankruptcy.

What to do?

If you have a spare house, sell it as soon as possible.

Clearing inventory is really more important than anything else.

Chen Mingming's real estate company handled it very well and was at ease.

They still have more than 1,700 houses left in their hands that have not been sold, and as for the spare shops, they basically have not sold, all of them are counted as assets of property management companies, and they are only engaged in self-rental.

This part of the assets is not included in the assets of the real estate company, because the commercial management company bought it from the real estate company at the expense, but the purchase price is not expensive.

Real estate developers are starting to cut meat.

In the same month, the number of rooms in the capital dropped from 18,000 to 15,000.

And there's room to continue to decline.

Some end-of-the-line sales are sold at a 20% discount.

It is said that it is the end of the market, but in fact, at least more than 1/3 of the houses have not been sold.

Of course, Chen Mingliang knows that the current housing prices are not high, and the current average housing price has not yet reached 20,000 yuan, which is far from the end.

Although the price of houses is now a little unbearable for ordinary people, there is still a 10-year growth period for housing prices in Beijing.

Residents' incomes can't keep up with the growth rate of housing prices!

Just like the "former CCTV TV host" Xiao Sa said, when he graduated, the house price was expensive, and it cost 6,000 square meters! It costs 600,000 yuan to buy a 100-square-meter three-bedroom apartment! And how much salary he had at that time, it was 3,000 in the sky. More than 10 years later, the housing prices in Beijing have exceeded 60,000, not only the housing prices have risen, but the wages have also risen, and the current salary, how to say it, is also 3,500.

Is it really real estate developers to blame for high housing prices?

Who took the land transfer money?

Isn't there interest on bank loans?

Is there only interest on bank loans?

How can there be a bank loan to you without a guarantee company to guarantee you?

And who opened the guarantee company?

This matter cannot be said, a check can pierce the sky, and the Harmony has already rushed over at a speed of 250 miles.

Housing prices, generally speaking, have nothing to do with construction costs, it is affected by market supply and demand, and it is compatible with the level of economic and social development.

Housing prices depend on the attractiveness of the area to the foreign population.

The natives all have houses, and even if they don't, they will have them after the demolition, and they will not buy houses, and only outsiders will always buy houses.

That's why houses in provincial towns are very expensive.

In fact, there has always been no shortage of houses in the country, and there is no shortage of land where houses can be built.

In the future, the house has become a way of asset precipitation, just as the old landlord liked to melt the silver and throw it into the cellar to store.

If you take all the empty houses and live in them, a city can not have to build new houses for 3 years.

Some experts have long said that it is easy to rectify these, and it is good to do the same as the practice of some developed countries, vacant houses are subject to vacancy tax, or vacant houses can be taken against the right, and it is estimated that the real estate market will collapse immediately.

Chen Mingliang didn't care about this, he hid in his Shuangqing Garden and continued to go to class, talk about love, talk about love.

No wonder there is an idiom called "love and love." ”

Love really can only be used in words.

On this day, Chen Mingliang had a brain disease, so he took advantage of the afternoon nap to do an afternoon exercise.

I saw a cannon shot, and the bird hid its bow.

The sense of conquest is still full.

The little girl's face was ruddy, with peach blossoms, red in white, and shame in pink.

Chen Mingliang slept hazy in bed all afternoon, and ate a dozen oysters in the evening to relieve his strength.

......

The tragedy in the real estate industry continues.

The houses around the community developed by Chen Mingliang have been reduced, and they have dropped by at least 3,000, while Chen Mingliang's real estate company has not dropped a penny, and the end of the sale is not active.

However, things still came to the door.

Because many of his real estate projects are off-plan, it will take a long time to deliver, and now the house price next door has dropped, and they feel that they can't afford it, so many people are clamoring to check out.

The sales lady said: "We are a value-preserving property, and the price of the house in our community has not been reduced, which means that you have bought it." ”

The customer does not relent: "You fool the ghost, your house has not built flowers, when you buy a house, you are cheaper than others 500 faster, now a square meter is 3000 yuan more expensive, 100 flat down is 300,000, who has this family background, you can put 300,000 casually, check out!" Check! ”

"It's okay to check out, but it's written in the purchase contract that there are liquidated damages."

Many people typed out Chen Mingming's name and began to pull banners.