Countercurrent 1982

Chapter 1408 Hong Kong Real Estate

At the cocktail party for the establishment of the Hong Kong branch, Cheng Qingyan dressed very luxuriously and beautifully. For this opening ceremony, she specially customized a set of expensive evening dresses for herself and her husband, and also bought some gorgeous jewelry. The slim and beautiful Cheng Qingyan was a little more graceful and luxurious.

It's just that anyone who is careful can see that Cheng Qingyan's lower abdomen has begun to swell slightly, so during the toasting session, people asked Cheng Qingyan to substitute fruit juice for wine to avoid harming her body as much as possible.

At night, staying in the room of Qualcomm Hotel in Hong Kong, Cheng Qingyan looked at the bright horizon of Victoria Harbor in the distance, her eyes were a little fascinated.

"Go to rest early, you have worked very hard today." At this moment, Duan Yun walked to her side and said softly with concern.

"It's okay, I'm happy now, even if you tell me to lie down, I won't be able to sleep." Cheng Qingyan said with a smile and glanced at her husband.

"In fact, our development in Shenzhen is not bad, and we will definitely catch up with Hong Kong in the future." Duan Yun said.

"I don't see it well..." Cheng Qingyan shook her head lightly when she heard the words, and then she continued: "Hong Kong is so beautiful, this is what a metropolis looks like in my mind, I only saw pictures in magazines before, but When I saw this scene with my own eyes, I felt really shocked..."

Cheng Qingyan's clear eyes flashed with fascination. She has never been a noble lady who is willing to be a husband and godson. The more she knows about this world, the more she pursues.

In fact, in terms of business, Cheng Qingyan is also very talented. She has a keen mind and good vision. Although she does not have the foresight of her husband, she can still keenly grasp the huge business opportunities hidden in this era in China.

Whether it is the model of establishing the Tianyin Chamber of Commerce before, or the sinking advertising plan, and now keenly aware of the potential of the domestic real estate market, and getting involved in the real estate and stock financial industries, it all shows that he has a high business talent.

Duan Yun has always done business as long as he has a general direction, he will not care about minor details. As long as the goal of the general direction can be achieved, he will never care about spending more "small money".

But Cheng Qingyan is different. She is good at calculating and has very strict requirements on the employees under her. Tianyin Group's work assessment system was formulated by her, and she set up a very cruel bottom elimination system. Although it is not humane, but It has indeed saved the company a lot of costs, and it has also improved production efficiency, so many companies in Shenzhen have copied Cheng Qingyan's assessment plan, which itself is also a recognition of Cheng Qingyan's ability and talent.

Now the husband and wife can be said to be a perfect match, and they cooperate quite tacitly. One focuses on technology and is good at formulating the company's long-term development strategy; In this way, today's Tianyin Group has developed rapidly and has become the largest private enterprise in mainland China.

However, while the two have a tacit understanding, there are often some differences. In Cheng Qingyan's view, the company's main purpose is to make money, and it does whatever projects make money. It seems that the return on investment is very little, or the return on the project is very long, which makes Cheng Qingyan somewhat puzzled.

"If you like the scenery here in Hong Kong, we can buy a flat in Hong Kong, and just come and live here occasionally." Duan Yun said.

"Yes, I also have this plan." Cheng Qingyan nodded lightly, and then said: "The real estate prices here are really expensive, a very ordinary suite costs hundreds of thousands of Hong Kong dollars, and the area is still small , A villa with a good location costs at least tens of millions of Hong Kong dollars. With so much money, we can build a mansion in the mainland..."

"If you want to buy it, don't hesitate. We still have tens of millions of dollars in our company account. As long as you guarantee the annual funding for the Hong Kong R&D center, you can use the rest of the money to buy Hong Kong real estate." Duan Yun paused, then continued Said: "As for the stocks in Hong Kong, I suggest that you should start several times. The stock market in Hong Kong can eat people without spit out bones. It can be operated with a small amount of money for a long time, but don't treat the stock market as a tool for gambling. In this case, Tianyin The group will also be overwhelmed..."

Duan Yun is still very supportive of his wife's involvement in Hong Kong's real estate industry, because he knows that Hong Kong's real estate in the 90s has always been rising but not falling, and the increase has been quite huge.

Hong Kong entered the 80s. Thanks to the opening up of trade on the mainland and the development foundation laid in the previous 30 years, the income of Hong Kong residents achieved rapid growth. In 1988, Hong Kong’s per capita GDP exceeded US$1, officially entering the high-income club. Although The income of Hong Kong residents has increased significantly, but the living conditions of Hong Kong residents are very poor.

By 1988, half of the Hong Kong residents were still renting in public housing provided by the government. The per capita living area was only 6.2 square meters. Public housing with more than one floor still did not have independent kitchens and bathrooms.

In addition to the contradiction between supply and demand, investment is also an important driving force behind the crazy rise of real estate in Hong Kong.

At that time, Hong Kong implemented a pegged exchange rate system based on the U.S. dollar, and the interest rate followed the U.S. in a long-term low interest rate environment. However, Hong Kong’s inflation rate at that time was higher than that of the U.S. for a long time, causing Hong Kong to actually be in a state of negative interest rates.

Low financing costs and the traditional value preservation concept have allowed large sums of money to continue to flow into the Hong Kong real estate market, contributing to the rise in housing prices.

To put it bluntly, the main reason why Hong Kong people buy real estate frantically is to preserve the value of their property.

The superimposition of multiple factors drove the Hong Kong real estate market into a frenzy in the early 90s. From 1988 to 1997, the Hong Kong real estate index soared from 79 to 418, with an average annual increase of 20.3%. It smells like money.

That is to say, the real estate in Hong Kong will rise sharply from this year. Until the financial crisis in 1998, the real estate industry in Hong Kong only rose but not fell, and the increase was very huge.

Therefore, this is the best time to start buying real estate in Hong Kong. You only need to sell these real estates before the 10 financial crisis 98 years later, and then Duan Yun will make a steady profit without losing money and make huge profits.

Tianyin Group has earned a lot of foreign exchange in recent years, but how to deal with these funds, Duan Yun is facing a huge problem.

Domestic enterprises often use foreign exchange to purchase second-hand production lines and technologies that have been eliminated from abroad, but Duan Yun doesn't like these second-hand production lines and technologies at all. However, the world's leading production lines and technologies cannot be bought with money. This also makes Tianyin Group's large amount of foreign exchange retained can only be temporarily put in the bank to earn some meager interest, and it is impossible to make huge profits at all.

(End of this chapter)