Chapter 1244 Sudden stop
At the end of August, Xiangjiang is basically in the hottest season.
Every day when you go out wearing a shirt, you will definitely get wet if you walk on the street in less than half an hour.
So whenever this season comes, the drinks in Xiangjiang are the best sold.
Although Xiangjiang only has more than 6 million people, their beverage sales volume is almost catching up with the treasure island with more than 30 million people.
This is similar to the beverage sales in Thailand.
Thailand's population is only about 50 million, but the sales volume of major beverage companies in it has exceeded three times that of South Korea and twice that of Japan, which has 300 million people!
The reason is that when it is too hot, people need more water supply. Things like drinks can be finished in just a few seconds. If you drink a bottle a day, you don’t feel at all.
Compared to the hot weather in Xiangjiang, what is even hotter is the real estate transactions in the past ten days.
It seems to confirm what the final madness is. During this period, the real estate market in Xiangjiang was extremely popular.
At the beginning, small real estate developers lowered prices, and then large real estate developers seized the opportunity to take out some of the less-quality markets in their hands to promote them.
The promotional methods and strength of big real estate developers are much better than those of small real estate developers who are making small fuss.
In order to avoid the invisibility of their own doors, small real estate developers could only grit their teeth and give more preferential policies. The lowest price even dropped to 800 yuan per square foot, and it was a real cash discount.
For a time, the people in Xiangjiang all felt that this was the spring of real estate.
The lowest price is 800 yuan, which is the level two years ago.
I bought it and made a profit! I made a big profit at the bottom!
With this idea or the fuel of real estate businessmen, real estate transactions have risen rapidly.
In just half a month, Xiangjiang sold more than 9,800 houses, setting a record for the year.
In such an urgent atmosphere of buying a house, a house worth 800 yuan had long been swept away, and people had to turn to the more expensive ones...
In this way, their psychological price continued to rise, and the one who bought a house worth 1,200,1,400 yuan per square foot was actually the majority of home buyers.
To be precise, if you have a good deal of nearly 10,000 houses, at most one-third of the discount, and more discounts are less than 10 yuan. But in this tense atmosphere, there are so many people in Xiangjiang who ignore and buy their previously hesitant houses at a high price.
Their madness is related to the recent price cuts, also to the suppression of housing demand for more than half a year, and to an unspeakable panic.
But real estate developers don't think so.
Real estate developers feel that the current sales channel 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, at the end of August, three major real estate developers announced that the prices of properties that will be launched next month will rise by more than 20, and the average price will rise directly to 1,500 yuan per square foot.
Of course, they don’t want to take the opportunity to raise prices, but they want to further digest inventory.
Look, the price is already rising. Let’s buy the remaining cheap real estate projects now! Buy it quickly!
However, ideals are beautiful, but reality does not have so much luck.
Just the day after Hang Lung Group, New World Development Corporation and Sun Hung Kai Properties announced the price increase next month, the Finance Department of Hong Kong held a press conference.
At the press conference, the Finance Department directly introduced the major financial problems encountered by Dalai Credit Finance Company, Hang Lung Bank, Overseas Trust Bank and other companies, and proposed to prosecute these companies and implement the most severe financial controls.
As soon as this news came out, the stock market in Xiangjiang began to plummet in the morning, and Hang Lung Bank's stock plummeted by more than 26.
It was reflected in the real estate market that the crowded property site was still on the crowd this morning, and the number of people immediately decreased at a speed visible to the naked eye. By noon, almost half of them were left.
Wait until the afternoon, the sales offices of major properties miraculously restored the situation of July.
Half of the citizens who left knew that the situation was not good, so they quickly stopped buying a house and went home to see the news before talking about it; the remaining half went straight to major banks and began to retrieve their deposits.
Especially the nine banks named in Hang Lung Bank and overseas trust banks, which have hundreds of thousands of depositors in Xiangjiang, which add up to one-third of the families in Xiangjiang. This is an extraordinary event.
Before the press conference was completed, banks such as Hang Lung Bank were surrounded by anxious depositors. They took out their passbooks and asked them to withdraw their deposits without exception.
Such people are lined up in five rows, which are hundreds of meters long, and are still increasing.
But that's not all. By the afternoon, there were more people, and every savings outlet in the nine banks was like this.
Run!
This is a serious run!
This situation that has not happened for many years has once again been staged in the streets and alleys of Xiangjiang.
More than 20,000 police officers in Xiangjiang canceled all their vacations as soon as possible, and were fully armed guarding the doors of various banks, patrolling the streets and alleys, fearing that there would be any bad group incidents, which would be troublesome.
Many people are puzzled by the fact that such a chaotic scene appeared on the other side. Why did the Xiangjiang government make this matter public and make such a big deal?
Isn’t it more appropriate to handle quietly, and will it easily cause people’s sorrow and panic?
That's what Zhao Yazhi asked Yin Jun.
With her arms around the beauty, the boy replied: "The reason is very simple, because it can't be hidden."
"Oh, you mean our paparazzi is very good at digging out news, right?" Zhao Yazhi asked with a smile.
"Yes, not." Yin Jun said, "These banks are already rotten. If they are not completely exposed and dealt with now, they will cause greater trouble in the future. So they cut off their arm and exposed them directly... More importantly, these nine banks are just superficial, and there are more banks involved, including those financial companies and bank offices!
Instead of letting all of these be unlucky together, it is better to throw out the most typical ones to attract the attention of citizens. Then the government will concentrate on handling the remaining waves under the water to avoid a shocking super financial storm in Xiangjiang! The vortex of hundreds of billions of funds is not fun!"
"Is 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 already had many problems. If they don't clean up now, no one can stand it when the outbreak occurs!"
"Then ordinary people are not guaranteed?" Zhao Yazhi frowned.
"That won't be." Yin Jun said, "Governor MacLeho has left a good foundation for Xiangjiang. As long as you are willing to do so, there will always be a way to deal with it. The most important thing is that there is HSBC Bank in Xiangjiang. As long as HSBC Bank cannot collapse, then Xiangjiang's finance will not collapse!"
After Yin Jun said this, Zhao Yazhi suddenly realized and nodded repeatedly.
She is a native of Hong Kong. Of course, she understands the status of HSBC in Hong Kong, and that is the guardian god like Optimus Prime.
Compared with HSBC, Standard Chartered Bank does not have enough status and sense of security.
Yin Jun knows more deeply than her.
Not to mention now, even after 40 years, the ones that the people in Hong Kong trust and rely on the most is HSBC, and HSBC has always been the largest bank in Southeast Asia, no doubt about it.
With HSBC guaranteeing the guaranteed Hong Kong, there is naturally no need to worry about a collapse.
Zhao Yazhi felt at ease, but when he turned around, he found that Yin Jun was still frowning, and he didn't feel surprised, "What? Are there any other worries? This has nothing to do with us!"
Kirin Group now has no real estate development at all, and even the B land exchange rights book has been sold to real estate developers such as Henglong Group.
In terms of funds, although Kirin Group owes US$3 billion in debt, this is not the same thing as Kirin Group.
If they want to repay the loan, they can pay it all in less than half a year.
Therefore, Zhao Yazhi never worried about the situation of the lover.
"It has nothing to do with us, but it has something to do with the people of Xiangjiang." Yin Jun sighed, "Heng Lung Bank, overseas trust banks...and so on, it's already a mess. There is not much money in the vault at all. Everyone will definitely not be able to withdraw money! Once the money is not available, I don't know what the chaos will be. Otherwise, why do you think the police are fully armed?"
"ah?"
Thinking of the scene Yin Jun said, Zhao Yazhi shivered without realizing it, "No way?"
"If HSBC, Standard Chartered, Bank of China and others take action, it will be solved in the end, but the time has been delayed for a long time, and the people are still suffering." Yin Junhe said, "But no matter what, these banks will not take action now, because it is a disadvantage. Governor Youde has frequent meetings with them in the past two days, and I'm afraid it is also solving the negotiation problem."
"I hope it can be resolved earlier, and I hope it can take action to appease the people soon!" Zhao Yazhi closed his hands and said softly.
The boy didn't continue to discuss with her.
Solve it early?
That's simply a dream!
The biggest outbreak point of this financial crisis has not yet arrived. Once it breaks out, it will last for a full two years before it will stop.
All banks, real estate developers, etc. in Xiangjiang were hit hard by this disaster and could gradually recover after a year.
But they are not the worst, the worst, no matter which era, they are the poorest people at the bottom!
...
Chapter completed!