Dad Huang didn't seem to fully understand Li Yuan's explanation: "Yuanzi, let's talk about specific things without discussing the macro aspects. We have several new projects under development now, what should we do next?"

"Grandpa, dad, the funds for the new project are easy to solve. Anyway, Jiaojiao and I will support you. It is just lowering the original profit expectations and lengthening the profit cycle." Li Yuan smiled, "But have you ever thought about it?

The real estate market is basically saturated. In a saturated market, the profit rate is relatively fixed and there will definitely be no big ups and downs. Only in a rapidly growing market can high returns be obtained."

Of course everyone understands the truth. Huang Xuri immediately asked in confusion: "Yuanzi, are you talking about real estate development in the mainland? We have studied your Jinyuan project and it seems that it has also encountered the problem of slow sales. If it weren't for your company's own

Produced for self-sale, it is very likely that funds will be tied up in this kind of project.”

Li Yuan nodded: "Then you should have discovered that at the beginning, the demand was not fully stimulated, so there was slow sales. But with the stimulation of the combo boxing, and relying on the demand of our employees to buy houses, we were able to meet the demand.

.”

"The excitement of combination punches?"

"It's commercial real estate, multi-functional communities, rent-to-own, welfare-to-commercial housing, etc."

"Oh! Can you introduce it in detail?"

"Okay! Let's do this. I'll ask Jiaojiao to give you a project that's not too big or too small, and we can develop it together. Once we've done it, you should know all the details."

"Biao!" Huang Jiaojiao immediately transformed into a kitten protecting her food, causing a burst of laughter.

Mr. Huang thought about it for a few seconds, and then decisively said: "That's it. We won't take advantage of Yuanzi, let's make everything from two to one!"

"Haha." Li Yuan smiled and nodded, "Grandpa, dad, eldest brother, actually I also have a gracious request. We can cooperate strongly. You have experience in real estate development, but I am not interested in real estate here.

.Simply hand over those projects to your Huang family, and Jiaojiao and I will be the major shareholders that pay dividends."

"Biao!" Huang Jiaojiao ran to Mr. Huang's side and kept acting coquettishly, "Grandpa, you all bully me. I have always wanted to defeat you! I'll step on your Huang family's head——!"

Everyone laughed again.

Mr. Huang fondly touched Huang Jiaojiao: "That's it, we can easily discuss the shares."

Let’s not talk about other things. With the injection of these mainland projects, Huang can hype up the concept and raise a wave of financing in the stock market, which at least alleviates the problem of tight funds.

Furthermore, Hong Kong is indeed too small and its internal competition is fierce. It should indeed go to the mainland.

However, Huang's father is still a little worried: "Will it be too risky to do this? There are constant turmoil in the surrounding area, and even Hong Kong has experienced turmoil. Will the mainland collapse in the same way?"

Li Yuan smiled and said: "How else can it collapse? Anyway, the land is there, and it will be no problem if it is left for decades to develop. Sooner or later it will recover. Besides, the mainland's foreign exchange market is completely closed, and the soft currency cannot be freely exchanged at all.

If you want to bring us down? Then you have to exchange the soft girl coins into our hands first, right?"

There was laughter all around. This is indeed the truth.

Now that this most important cooperation has been solved, cooperation in other aspects will follow.

For example: Regarding the merger of the shipping and logistics companies of both parties. This time, the Huang family is basically a shareholder and merged into Liyuan. The CEO is of course Huang Jiaojiao, which finally makes the eldest lady feel proud.

In addition, there are some forecasts for Hong Kong’s economy. Anyway, it’s basically just chatter, and there’s nothing very new...

…

However, at this moment, the financial crisis outside is intensifying. Although this domino effect has not affected Hong Kong yet, the aftermath of the storm has finally made some Hong Kong companies feel the crisis.

Li Yuan spent the entire Christmas and New Year's Day in Hong Kong, and finally ushered in 1998.

The financial crisis also swept South Korea.

South Korea's chaebol model is inherently flawed. They have not accumulated huge assets like the chaebol model in this book, and their ability to resist risks has become extremely strong. South Korea's chaebols rely on high borrowings

During expansion, the debt ratio often reaches alarming levels. Therefore, whenever there is a disturbance, it immediately becomes precarious.

In fact, in early 1997, Hanbo Steel, South Korea's second largest steel company, declared bankruptcy due to its inability to repay its loans, thus kicking off the bankruptcy of South Korea's large chaebols.

Even in the subsequent financial crisis, in just three years from 1997 to 1999, 11 of the thirty largest chaebols in South Korea went bankrupt, including well-known companies such as Kia and Daewoo. Because

Many companies were unable to repay their debts. As a result, the operational risks of South Korea's banking industry continued to accumulate, and the banking crisis began to spread.

Not long ago, in November 1997, after the Bank of Korea announced that it would give up its efforts to maintain 986 won per US dollar, the Korean won-US dollar exchange rate immediately fell to the day's lower limit of 1008.6:1, announcing the outbreak of South Korea's financial crisis.

On December 23, 1997, the exchange rate of the Korean won against the U.S. dollar fell to a historic low of 1962:1.

The rapid depreciation of the South Korean won also caused South Korea's real economy to fall into recession. As soon as South Korea entered the ranks of high-income countries, it immediately returned to its original shape.

And the Korean stock market also suffered heavy losses. In the fourth quarter of 1997, the Korean Comprehensive Stock Index (KOSPI) fell from 647.11 points to 376.31 points, a drop of 41.8%.

Anyway, all the friends in East and Southeast Asia are now more miserable than the other, so no one should laugh at anyone.

Of course, the people of South Korea still work very hard. They use their ancestral skills - they donate their family's gold, and some people parade and cut their fingers.

This chapter is not over yet, please click on the next page to continue reading! But how can such a move stop the greedy European and American countries, especially Wall Street?

Just before December 1997, it was mainly led by the South Korean government.

The South Korean government continues to inject funds into companies on the verge of bankruptcy to maintain their operations. However, in the face of the huge debts of major chaebols, such capital injections are only a drop in the bucket. In fact, they have no effect at all.

Because all the chaebols were rotten to the core. There were too many, and most of them failed to come back to life in the end.

Another method was to buy Korean won in the international market to stabilize the exchange rate. However, the foreign exchange reserves soon bottomed out, which also had no effect. And the exchange rate of the Korean won against the US dollar immediately plummeted.

In the end, South Korea finally had no choice but to turn to the IMF for help.

Of course, everyone should know what happened next, which was that European and American capital, represented by Wall Street, completely surrendered, and South Korea was completely reduced to an economic colony.

Anyway, everything that needs to be sold has been sold, even the underwear has to be sold, and there is nothing else to worry about...

…

Amidst the whistle, Huang Jiaojiao was tying a tie for Li Yuan. The two of them were going to attend a banquet tonight.

Ling Ling held a water gun and looked curiously at Daddy whistling. Suddenly, she "sizzled" at Li Yuan a few times and ran out with a "clack"...

"Ling Ling, are you looking for a fight?" Huang Jiaojiao was so angry that she exuded the aura of a tigress, "Xiao Yuanzi, what should we do? We need to change clothes, we are going to be late."

Li Yuan chuckled, he didn't care at all, wasn't it just a naughty child?

"It's okay to wear it, and you'll be almost done when you get there."

"No! You men can be sloppy and slovenly, and you will lose my face."

"Okay! Let's change it then! If you're late, you'll be late. It's not a very important banquet."

"Hmph!"

After driving the child away, the servant quickly fetched a new set of clothes.

While helping to clean up, the two of them were chatting: "Hey! Do you know anything about Korea? Fortunately it's not Hong Kong. They must be very unlucky there. Hehehe."

"Let them go! The stick is just a dead duck with a tough mouth. The poorest are no more than beggars, and you will always make a difference while you are alive. Why do you have to live and die like them?"

Huang Jiaojiao nodded in agreement: "That's it. They are bad because they want to save face. If I had known this would be the result, they might as well have given up from the beginning."

"Yes! It doesn't matter if you give up. As long as you take it easy, why kneel down and surrender? It's better now, the pots and pans are all sold at bargain prices."

"Hey, are your losses big? Don't you also have a listed company in Benzi?"

"Hehe." Li Yuan said with a proud smile, "Parallel Line (Benzi) entered the Korean market and acquired seventeen small Internet and communications companies. Who said that Parallel Line is a US-funded and Japanese company? That is Bangzi's

Grandpa and godfather! Hehehehe."

"ah?"

"Let me tell you, many companies are not bad, and they basically have the hope of being listed on KOSDAQ, South Korea's third board market. Also, this financial crisis has also greatly affected our economy, and many stocks have fallen horribly. But

It is Parallel Line (Book) that stands out, and its current total market value has exceeded 700 billion yen. Hehehehe."

"Ah?" Huang Jiaojiao blinked with a cute expression, "Xiao Yuanzi, I can't understand it. The Internet is becoming more and more like a legal scam. Why does the stock price rise as the losses increase?

Faster?"

"That's called burning money to grab traffic." Li Yuan corrected with a smile, "Just like when you invested in me. If you get it right, it will skyrocket."

"What if you can't see it right?"

"It's very simple? Cheating money and sex! Hahaha!"

"Xiao Yuanzi! How dare you have evil intentions towards me? Hey, hey, stop making trouble, you're going to be late——!"

"..."

…

There is a saying that the sudden collapse of South Korea's economy is very confusing, and at least it has brought a false sense of security to Hong Kong.

Imagine that after Soros and other international hedge fund giants swept away almost all Southeast Asian countries, Hong Kong seemed to be just a little bit on the water. Then he first slapped Wan Wan to death, and then struck hard at South Korea. It seemed that Hong Kong had been wiped out.

As if you forgot?

Therefore, in this New Year, Hong Kong has a festive atmosphere of surviving a disaster, still maintaining the exaggerated prosperity of the past few years.

Tonight's banquet is nominally a racehorse that has won first place, and the owner of that racehorse invites guests to celebrate. Of course, it is mainly a social event for the upper class.

The Jockey Club in Hong Kong is equivalent to the identity card of the upper class. Generally, respectable people are members of the Jockey Club. Of course, it is not necessary to have any horse racing, just pay the membership fee every year.

However, what Li Yuan didn't expect was that when he and Huang Jiaojiao arrived belatedly, the owner went out to greet them in person and took photos with the racehorses and jockeys.

"Uncle Xiong, congratulations. I wish you to lead the way every year!" Li Yuan said in a scene, shaking hands with the host with a smile on his face.

"Yuanzi, it's our first time meeting you. You are young and promising." The male uncle seemed quite enthusiastic. "Are you interested in participating in the Jockey Club? I can be your recommender."

"Uh... I have a copy of "The Horse Sutra" under my banner, will it have any impact?"
To be continued...