Chapter 1008 The Situation Is Complicated

With such confusion, only when the analysis article of "Qilin Daily" came out did everyone understand what was going on.

It turns out that the most important force in this wave of panic buying is actually the employees of Qilin Group! !

The Kirin Group is not just engaged in business and entertainment. Including their workers, the total number of employees in the Kirin Group exceeds 28,000, making it one of the top three companies in Xiangjiang in terms of number of employees.

Among them, the largest number of people are naturally Qilin Construction Company, Qilin Printing Company under Qilin Culture, and Qilin Toys Company. The number of people in these three companies exceeds 25,000.

Basically 95% of these people are from the mainland, usually people who have swum from the mainland in the past two years.

Except for the fact that the Qilin security team needs to be trained together and therefore lives in the dormitory building in the Qilin Industrial Park, most of the people in these three companies used to live in houses built by farmers around Tin Shui Wai and Yuen Long.

The environment cannot be said to be too bad, but at best a family only has about 300 square feet of living space. With so many people, it seems overcrowded.

Therefore, they have long planned to buy a home, but the housing prices in Xiangjiang have been rising before, so they are waiting and watching, hoping to lower the price.

Now that housing prices have suddenly dropped sharply, the first people in this group to work in the Kirin Group couldn't bear it any longer. At first, dozens of people started tentatively, then hundreds of people started, and now it's turned into tens of thousands. Thousands of families are looking at houses in areas such as the New Territories, Yau Tsim Mong, and Ngau Tau Kok, hoping to buy a house that is reasonably priced and more convenient.

Wait a minute!

How can they have money to buy a house?

The predecessor of Kirin Group, Kirin Culture, began to appear, but it was only two years ago in September 1979, when the first issue of "Kilin Weekly" was published, marking the beginning of the embryonic form of Kirin Group.

Despite all the calculations, their establishment only took a short two years.

No matter how much you say that the treatment of Qilin Group is good, just say that in the past two years, the workers have earned an average of 4,000 yuan a month. Is that enough?

That's only a base salary of 96,000 yuan, and the bonus won't exceed 120,000 yuan, right?

Moreover, the 120,000 cannot be fully used to buy a house, as the family's food, drink, and food have to be deducted from it.

Kirin Group has regulations. In order to satisfy more families coming to Xiangjiang, only one person from your family can work in a factory owned by Kirin Group.

Even if two single men and women who didn't know each other originally are ready to get married because they fall in love, one of them must leave.

Although this is a bit cruel and unfair, it ensures to the greatest extent that more families from the mainland can survive in Hong Kong. This is the greatest mercy.

Therefore, even if they can make money, they cannot go above this number.

Based on the current housing prices in Hong Kong, the average urban price in Hong Kong Island and Yau Tsim Mong is about 1,300 yuan per square foot. If the scope is expanded to the whole of Hong Kong, the price will not be less than 800 yuan per square foot.

Usually a house for a family of three must be at least 300 square feet, which is about 27.87 square meters, which works out to 240,000.

The difference between 120,000 and 240,000 is fully half.

If you want to buy a house, there is only one way, and that is a loan.

But now the mortgage interest rate of banks in Xiangjiang has reached an astronomical figure of 21%, and the bank's strictness in loan qualification review is also known as the strongest in history. Many white-collar workers in large companies cannot get loans. They can't come to Xiangjiang. How is it possible for a newcomer who is one or two years old to pass the bank's review?

The results are really beyond people's expectations.

These people indeed took out loans to buy houses, and they all got the loans smoothly.

The ones that provided them with loans were Xiangjiang Commercial Bank and... and the famous HSBC Bank.

As soon as the names of the two banks came out, everyone suddenly realized.

Everyone in Xiangjiang knows the relationship between Xiangjiang Commercial Bank and Yin Jun.

Yin Junneng started his business by mortgaging 10 scripts and borrowing HK$50 million.

Nowadays, one of Yin Jun's scripts cannot be bought for 5 million, but in 1978, one of Yin Jun's scripts only cost about 1 million.

But Chen Youhan, the chairman of Xiangjiang Commercial Bank, had that courage. Yin Jun wanted 30 million, but he directly gave him 50 million.

This investment was so ridiculously stupid at the time.

But when this matter was revealed two years later, everyone was envious and jealous. This Chen Youhan really made a hugely profitable business!

He helped Yin Jun take the first step in business, so almost all of Yin Jun's loans and capital transactions were placed in Xiangjiang Commercial Bank. As Yin Jun became more developed and famous, Xiangjiang Commercial Bank also With its reputation rising, it has gradually developed from a mid-stream bank into one of the top 20 commercial banks in Hong Kong, which is definitely a big step forward.

The most important thing is that Chen Youhan also gained Yin Jun's friendship.

Judging from Yin Jun's development speed, even Mr. Huo and Dong Chuanwang have said that he can become the richest man in Hong Kong in 10 years at most, and there will be no problem in becoming the richest man in Asia in 20 years.

With such a friend with great potential, Chen Youhan doesn't have to worry about anything in his life.

Of course, on the other hand, Chen Youhan is also very supportive of Yin Jun's career. He has tried his best to help Yin Jun's mortgage loans, used them to purchase stocks of various companies, etc., so Yin Jun's Chen Youhan also contributed a lot to its success.

With such a close relationship between the two, how could it be possible for Yin Jun's employees to fail the review when they go to Xiangjiang Commercial Bank for loans?

In the same way, Yin Jun is also a non-executive director of HSBC Bank and has a close relationship with Shen Bi. He borrowed an astronomical US$3.2 billion in mortgage loans from HSBC Bank to acquire industries in the United States.

Of course HSBC will take care of such a big customer as one of his own.

However, this makes many people in Hong Kong dissatisfied.

In particular, I am very dissatisfied that HSBC, the largest bank in Hong Kong, made an exception and granted loans to the workers of Kirin Group.

Because many people think that their qualifications are much better than the workers of Qilin Group.

"A shady story! It's definitely a shady story!"

"My loan application was rejected just yesterday. Why is it so easy for them to apply?"

"I am a senior management talent who has worked in XX Commercial Bank for 15 years! My annual salary is more than 200,000, and my job and family have always been very stable, but HSBC still says that I am not suitable... I am not suitable for Kirin Group Are they all suitable? Are they all Yin Jun, all Le Yiling, all Huo Jianning? Are they all Liang Shuyi?"

"Haha, HSBC! You all open the back door to others like this, how can people respect you?"

"Yin Jun really has great hands and eyes, so he can benefit his employees. I really look forward to becoming Yin Jun's employee!"

"Don't look at them dancing happily now. It's still unclear what the housing prices will be like. When the prices are at their peak, you should be crying!"

"..."

Faced with the constant complaints from citizens, HSBC and Heung Kong Commercial Bank did not allow this trend to spread.

They quickly issued a statement.

The first point is that these employees of Kirin Group took out the 20-year contract signed by Kirin Group with them. This kind of long-term contract may be a kind of exploitation in ordinary factories, but in Kirin Group, this is the opposite. It is a guarantee that can guarantee their jobs and income in the next 20 years.

And this happens to be the most needed guarantee for bank loans.

A mortgage loan means that you can repay it on time every month.

With the income of Qilin Group, are they still worried about repaying the loan?

The second point is also the most important point.

For these employees of Kirin Group, their guarantor is the Kirin Group.

Since the Kirin Group is a big family and is willing to personally guarantee their loans, what do you think the bank has to worry about?

These employees are only 20,000 to 30,000 at best, and even if each person gets a loan of 300,000, it will only be HK$9 billion at most.

Kirin Group's current market value, although its loans account for more than 14 billion Hong Kong dollars, its net assets have already exceeded 5 billion, which is more than enough to cope with the default liability of these loans.

Moreover, the loan is also secured. The house they buy now, no matter how worthless it is, should have half of its market value in the future, right?

After such careful calculation, the bank will not lose money at all, but will gain tens of thousands of high-quality customers!

With this announcement, those who were complaining finally became much quieter.

What else can you say?

Not only are their conditions so good, but the key is that Yin Jun guarantees them. One of the top five super-rich people in Hong Kong personally guarantees it. How could the bank disagree?

Their banks just want to suppress housing prices, not because they don’t want to do business!

How could a bank not like such potential tens of thousands of high-quality customers?

In fact, none of these people thought that, apart from the first point being correct, the second point was purely a trick devised by the two major banks and Yin Jun in an emergency to deal with the common people.

The most important thing is that this is not Yin Jun's original intention, let alone the bank's own intention, but it comes from MacLehose.

The immigration wave in the past few days has not only caused the stock market to plummet continuously, but also the property market is about to collapse, which makes the Hong Kong government panic.

Once the property market in Hong Kong collapses, the impact on Hong Kong will be ten times greater than the impact of this immigration wave!

Hundreds of thousands of people will all fall into poverty and their assets will be severely reduced.

This is no joke, it may cause riots! !

The Hong Kong government wants to suppress housing prices, but it never thought about ending the game! ! !

Just at this time, MacLehose discovered that a group of "taken advantage of" actually came out to take advantage, and these people were actually employees of Qilin Group. He was as overjoyed as if he had found gold.

Isn't this the most important factor you need to stabilize the market?

Not to mention others, among the employees of Qilin Group alone, 10,000 people came to buy houses, which is definitely a force that stabilizes the world!

The property market is like this. Once someone starts to enter the market, and many people continue to buy houses, it will easily affect people's psychology.

Once these people stabilize, the property market will be stable and will not fall into a collapse.

So MacLehose personally called Shen Bi and asked him to ask HSBC to help provide loans to these people.

Shen Bi was an old friend of MacLehose, so he naturally gave him this face. Only then did HSBC enter the situation. Otherwise, according to the conditions of the group of people in the Kirin Group, it would actually not be enough.

Then when these disputes came out, MacLehose called Yin Jun and asked him to cooperate with HSBC and Xiangjiang Commercial Bank to put on a show and announce that Kirin Group would serve as a guarantee for the people of Xiangjiang.

So, finally there is this announcement that everyone has seen.