Countercurrent 1982

Chapter 1423 Hainan Special Zone
"I'll talk to Manager Luo when I get back." Cheng Qingyan said after thinking for a moment.

In fact, as early as two years ago, Duan Yun and his wife had already met Luo Jinxing, the head of Shenfang Group.

At that time, the two parties met at the Spring Festival Cocktail Party of Shenzhen Enterprises. At that time, Tianyin Group had established a firm foothold in Shenzhen and was very famous. Duan Yun and his wife were the upstarts at the reception, so they were naturally welcomed by everyone.

However, there was no direct business communication between Tianyin Electronics Factory and Shenfang Group at the beginning, and Duan Yun and his wife just chatted with Luo Jinxing for a few words.

Now, both Tianyin Group and Shenfang Group have become the top enterprises in Shenzhen. Duan Yun and Luo Jinxing also have some sympathy for each other. The two have met and talked on different occasions many times, and they already have a good personal relationship.

If Tianyin Group offered an olive branch and was willing to form a cooperative relationship with Shenfang Group, I believe Luo Jinxing would not refuse, because among the current Shenzhen enterprises, Tianyin Group is undoubtedly the richest and has a large amount of foreign exchange reserves. This also creates a very important foundation for cooperation between the two parties.

"Also, now that Hainan has become a special zone, I suggest you go there to develop real estate in the past two years. The real estate there will appreciate very quickly. You can set up a branch there and sell quickly. With our natural resources With the current capital of Yin Group, it should be able to buy a lot of core real estate in Hainan." Duan Yun said suddenly.

In 1988, Hainan Island was formally established as a province and separated from Guangdong. At the same time, it became the largest special economic zone in China. It became a paradise in the eyes of "gold diggers" from all over the country. Almost overnight, more than [-] people poured into the island.

In the early 90s, during the first real estate bubble in Hainan, funds led by the four major banks, including large state-owned enterprises, township enterprises and private capital, entered the real estate market through various channels. At that time, there was a saying " If you want to make money, go to Hainan; if you want to make a fortune, speculate in uncompleted properties.”

"10 talents have crossed the Strait" to seek gold in Hainan. Among these figures are the current real estate tycoons Pan Shiyi, Feng Lun, Yi Xiaodi and others.

At the beginning of 1992, Mao Zedong delivered a speech on his southern tour, and the central government also conveyed to the whole country the "Notice on Learning from Comrade Mao Zedong's Important Speech", proposing to speed up the reform of the housing system.The effect of Hainan’s establishment as a province and a special zone has been fully released. According to public information, at its peak, nearly 600 real estate companies emerged on this island with a total population of just over 80 million, and each real estate company served an average of [-] people.

According to media reports, in 1992, Hainan's real estate investment reached 87 billion yuan, accounting for half of the total investment in fixed assets. The real estate development area in Haikou alone reached 800 million square meters.Land prices soared from 1991+ yuan/mu in 10,000 to more than 600 million yuan/mu in one year, an increase of fifty or sixty times.According to the "China Real Estate Market Yearbook (1996)" statistics, in 1988, the average price of commercial housing in Hainan was 1250 yuan per square meter. In 1991, it reached the peak of 1400 yuan/square meter.

On June 1993, 6, when the last group of developers who had not sold their land were nervously looking for their next home, the bad news came suddenly.On the same day, it announced the termination of listing of real estate companies and full control of bank funds entering the real estate industry.Immediately afterwards, the State Council issued the "Opinions on the Current Economic Situation and Strengthening Macro-control". The 23 strong control measures included strict control of credit scale, reduction of infrastructure investment, and cleaning up all projects under construction. Hainan's real estate bubble was declared to burst.The result left is that there are more than 16 "unfinished buildings" in Hainan Province, covering more than 600 million square meters, 1600 hectares of idle land, and a backlog of funds of 18834 billion yuan.

At that time, the urban population of Hainan was only about 100 million, and there were 1.3 real estate companies stationed in Hainan, with an average of 80 people in one real estate company. Whoever lives in the house, the person who bought the house signed the purchase contract first, and then sold it at a higher price.

In 1992, Pan Shiyi and others, who made their first pot of gold, retreated keenly from Hainan.The following year, the real estate bubble in Hainan burst. 1.3% of the 95 real estate companies closed down, and "unfinished buildings" became the third largest "landscape" in Hainan after "Tianya" and "Cape".Li Shufu, the boss of Geely Automobile, vowed not to touch real estate since this year, because he lost 3000 million yuan this year.

This also means that if Tianyin Group can enter Hainan real estate development in 1988, as long as the sale is completed before 1992, then these five years will also bring very rich profits to Tianyin Group.

In fact, Duan Yun doesn't have such a high desire for money, but he wants to develop the chip industry in China by himself, and he needs a lot of funds. Even if the modern Tianyin Group's annual profit is several hundred million, the money is still not enough to support Duan Yun. Cloud's dream, so in his view, Tianyin Group is still in the original accumulation of funds, and it cannot let go of any opportunity to make money.

With foresight, Duan Yun was able to seize many golden development opportunities in China. Especially in the 90s, the value-added speed of real estate exceeded that of the real estate industry. In addition, his wife has already started to invest in the real estate industry, so he must give his wife strongly support.

"Develop real estate in Hainan?" Cheng Qingyan was startled when she heard her husband say that.

In fact, Cheng Qingyan had also learned about Hainan Island's separation from GD City and the establishment of a special zone, but she didn't immediately realize that this was a very big opportunity for real estate development.

In fact, since the establishment of the Hainan Special Economic Zone in 1988 this year, at the beginning, it did not attract much attention. From 1988 to 1989, the real estate prices in Hainan only increased slightly. It started to stir up, and not many people realized the business opportunities here.

Prior to this, Cheng Qingyan had always placed domestic real estate development in the four major cities of Beijing, Shanghai, Guangzhou and Shenzhen, and her husband's words really reminded her suddenly.

You must know that the word "special zone" is very important. In the nearly 10 years since the establishment of the Shenzhen Special Economic Zone, the price of local real estate has climbed dozens of times, far higher than other cities in the mainland, even the speed of real estate appreciation in Hainan It is not as good as Shenzhen, and it will definitely be much higher than other mainland cities.

"I will plan to establish Tianyin Hainan Real Estate Branch when I look back." Cheng Qingyan said suddenly after a while.

(End of this chapter)