Chapter 1238 Stopped Suddenly

Xiangjiang at the end of August is basically still in the hottest season.

If you go out wearing a shirt every day and walk on the street, you will definitely get wet within half an hour.

So every time during this season, Xiangjiang’s drinks are the best-selling.

Even though Xiangjiang only has a population of over 6 million, their beverage sales are almost as high as those of Baodao, which has a population of over 30 million.

This is similar to beverage sales in Thailand.

Thailand's population is only about 50 million, but the sales volume of major beverage companies here has exceeded South Korea's three times, and it has also exceeded Japan's 130 million people.

The reason is that when it is too hot, people need more water supply. Drinks can be finished in a few times. If you drink three to five bottles a day, you will not feel at all.

Compared with the hot weather in Xiangjiang, what is even hotter is the real estate transactions in the past ten days.

It seems to confirm what is called the final madness. During this period, the real estate market in Xiangjiang was extremely hot.

At first, small real estate developers lowered their prices, and then large real estate developers also seized the opportunity to promote some of their less-than-good quality properties.

The promotional methods and intensity of large real estate developers are much more powerful than those of small real estate developers.

In order to prevent their front door from being crowded, small real estate developers can only grit their teeth and offer more preferential policies. The lowest price has even dropped to 800 yuan per square foot, and it is a real cash discount.

For a time, people in Xiangjiang felt that this was the coming of spring for real estate.

The lowest price has reached 800 yuan, which is the level two years ago.

I made a profit by buying it! It’s a bargain-hunting opportunity to make big profits!

With this idea, or the encouragement of real estate businessmen, real estate transactions have rapidly increased.

In just half a month, more than 9,800 houses were sold in Xiangjiang, setting a record this year.

In such an urgent and money-grabbing atmosphere for buying a house, houses worth 800 yuan have long been swept away, and people have to turn to look at houses that are a little more expensive, or much more expensive...

In this way, their psychological prices continued to rise, and it was actually the majority of home buyers who finally bought houses priced at 1,200 or 1,400 yuan per square foot.

To be precise, for the houses that are so close to 10,000, the number with good discounts is at most one-third, and the discounts for more are less than 10%. However, in this tense atmosphere, so many people in Xiangjiang ignore it. I bought a house that I had been hesitant about before at a high price.

Their madness is related to the recent price cuts, the demand for home purchases that has been suppressed for more than half a year, and even more to an unspeakable panic.

But real estate developers don't think so.

Real estate developers feel that the current channel for selling houses has been opened, and everyone has regained their enthusiasm for real estate purchases. Most of our houses will be sold soon, and there is no pressure at all!

So, unexpectedly at the end of August, three major real estate developers in a row announced that the prices of properties opening next month would increase by more than 20%, with the average price rising directly to 1,500 yuan per square foot.

Of course, they don't want to take the opportunity to raise prices, but want to further digest inventory.

Look, prices are already going up, so come and buy the remaining cheap properties now! Buy it now!

However, the ideal is beautiful, but the reality is not so lucky.

On the day after Hang Lung Group, New World Development Company and Sun Hung Kai Properties announced price increases next month, Heung Kong's Finance Department held a press conference.

At the press conference, the Finance Department straightforwardly introduced the major financial problems encountered by Diners Club, Hang Lung Bank, Overseas Trust Bank and other companies, and proposed that these companies would be prosecuted and the most severe financial sanctions would be carried out. control.

As soon as the news came out, Xiangjiang's stock market began to plummet in the morning, and Hang Lung Bank's stock plummeted by more than 26%.

This has reflected on the real estate market. This morning, there was still a huge crowd of people at the real estate site. The number of people immediately decreased at a speed visible to the naked eye. By noon, there were basically only half of them left.

By the afternoon, the sales offices of major real estate projects miraculously returned to the crowded conditions they had in July.

Half of the citizens who left knew that the situation was not good and quickly stopped buying houses and went home to read the news; the remaining half went straight to major banks and began to withdraw their deposits.

In particular, the nine named banks such as Hang Lung Bank and Overseas Trust Bank have hundreds of thousands of depositors in Hong Kong. The total number of depositors is millions. They involve almost one-third of the households in Hong Kong. This is a big deal. big thing.

Before the press conference was over, Hang Lung Bank and other banks were surrounded by anxious depositors. They took out their bankbooks and demanded to withdraw all their deposits without exception.

There were five rows of people like this, hundreds of meters long, and they were still growing.

But that's not all. In the afternoon, there were even more people, and every savings branch of the nine banks had this scene.

Run!

This is a serious run!

This situation, which has not happened for many years, is once again happening in the streets and alleys of Xiangjiang.

The more than 20,000 police officers in Xiangjiang immediately canceled all their vacations and stood guard at the entrances of various banks in full gear, patrolling the streets and alleys for fear that some bad group incidents would occur, which would be called trouble. .

With such a chaotic scene happening across the street, many people are confused as to why the Hong Kong government made this matter public and caused such a big fuss?

Wouldn't it be more appropriate to deal with it quietly and not easily cause people to worry and panic?

This is what Zhao Yazhi asked Yin Jun.

Holding the beauty in his arms, the young man replied: "The reason is simple, because I can't hide it anymore."

"Oh, you mean our paparazzi are very good at digging up news, right?" Zhao Yazhi asked with a smile.

"Yes, and no." Yin Jun said, "These banks are already broken. If they are not completely exposed and dealt with now, they will cause greater trouble in the future. That's why they cut off their courage and exposed it directly. ... More importantly, this The nine banks are only on the surface, there are more banks involved, including those financial companies and bank offices!

Rather than letting them all suffer together, it is better to throw out the most typical ones and let them attract the attention of the citizens. Then the government can concentrate on handling the remaining waves under the water to avoid a shocking super financial crisis in Hong Kong! The vortex of hundreds of billions of funds is no fun! "

"Is it that serious?" Zhao Yazhi was shocked.

"It's more serious than you think." Yin Jun stroked Yuanqiu and said: "More than 300 banks, offices and loan guarantee companies have long been full of problems. If they don't clean up now, they will wait until it breaks out. , no one can stand it!"

"Then ordinary people are very insecure?" Zhao Yazhi frowned.

"That's not true." Yin Jun said, "Governor MacLehose left a good foundation for Xiangjiang. As long as he is willing to give up, there will always be a way to deal with it. The most important thing is that Xiangjiang has HSBC Bank. As long as HSBC If the bank cannot collapse, then Hong Kong’s finance cannot collapse!”

When Yin Jun said this, Zhao Yazhi suddenly understood and nodded repeatedly.

She is a native of Hong Kong, so of course she understands the position of HSBC in Hong Kong, that is, she is a patron saint like Optimus Prime.

Compared with HSBC, Standard Chartered Bank's status and security are insufficient.

Yin Jun understood it more deeply than she did.

Not to mention now, even 40 years later, the people in Hong Kong still trust and rely on HSBC the most, and HSBC has always been the largest bank in Southeast Asia, bar none.

With HSBC guaranteeing Hong Kong's bottom line, there is no need to worry about a collapse.

Zhao Yazhi felt at ease, but when she turned around, she found that Yin Jun was still frowning, and she felt strange, "What? Are there any other worries? This has nothing to do with us!"

Kirin Group currently has no properties to develop at all, and even the Class B land exchange rights and interests have been sold to real estate developers such as Hang Lung Group.

In terms of funds, despite the fact that Kirin Group owes US$3 billion in debt, this is nothing at all in Kirin Group.

If they want to repay the money, they can pay it all off in less than half a year.

Therefore, Zhao Yazhi never worried about her lover's situation.

"It has nothing to do with us, but it has something to do with the people of Xiangjiang." Yin Jun sighed, "Hang Lung Bank, Overseas Trust Bank, etc. are all in a mess. There is not much money in the vault, and everyone will definitely not be able to get the money. Yes! Once you can’t get the money, I don’t know what kind of chaos will happen. Otherwise, why do you think those policemen were fully armed? "

"ah?"

Thinking of what Yin Jun said, Zhao Yazhi trembled all over, "No way?"

"If HSBC, Standard Chartered, Bank of China, etc. take action, the solution can be solved in the end, but it will take a long time, and the people will suffer." Yin Jun nodded and said, "But no matter what, these banks will not take action now. Because taking action too early is a drawback. Governor Youde has been meeting with them frequently in the past two days, and I am afraid that he is also solving the negotiation issue."

"I hope it can be resolved soon, and I hope we can take action to appease the people soon!" Zhao Yazhi clasped his hands and said softly.

The young man stopped discussing with her.

Solve it early?

That's a dream!

The biggest breaking point of this financial crisis has not yet come. Once it breaks out, it will last for two years before it stops.

All banks and real estate developers in Hong Kong were severely damaged by this disaster, and it will take three to five years to gradually recover.

But they are not the worst. The worst, no matter what era, are the lowest and poorest people!

…

(Thank you to the gentlemen who recently tipped!!)