The Wealth Empire Crossing the Hong Kong

Chapter 651 Is it worth it

The stock market is constantly turbulent, and unfavorable news on the market is also oncoming. In addition, the Donghua Club makes frequent moves. How can this prevent the major forces in Xiangjiang from worrying, especially the Nanjiang Club, which is the main target.

On the night of the 2nd, in a private room at the Regal Hotel in the East District, the delicious food and wine could not arouse the appetite of the people present at all. Although the table was full, few people moved their chopsticks.

The expressions of all the people present are quite dignified, and some of them seem to be a little anxious.

"Jiacheng, the Tung Wah Association is clearly retaliating against the right to issue banknotes in Hong Kong dollars. I'm afraid today is just the beginning, and there will be countless actions against us in the future. I really don't know what to do for a company that doesn't have much effect at the moment. Is it worth it that the right to issue banknotes and Tung Wah will become mortal enemies?
Before the 80s, generally speaking, our Xiangjiang Chinese family was relatively united. In recent years, although it has been divided into several forces, apart from Xianghua being hit, it is relatively harmonious.

But starting today, I am afraid that we will never be able to go back to the past. Li Jianhui and others will not be lenient when facing us Chinese-funded families.

Many industries under the East China Association have announced that they will temporarily slow down their expansion in the external market, and make every effort to consolidate the Greater China and ASEAN markets.

Many well-known real estate companies under the Tung Wah Club, which have not developed Xiangjiang Real Estate for several years, have also come up with new development plans. I believe everyone knows what their purpose is.

Some of our cooperation with the Donghua Club, because of the contract, there is no big problem for the time being, but I believe that as soon as the contract arrives, it will be difficult to cooperate with it. "

Luo Yingshi's words are also the thoughts of many people here, but it is a pity that the Changshi Li family, the He family, and the Henglong Chen family have the final say on the Nanjiang Association. These three are the core of the Nanjiang Association.

Even if some members don't understand in their hearts, or even dissatisfied with standing on the opposite side of the Donghua Association, they can only obey the will of these few.

They could only hope that this ineffective right to issue money would not cause Donghua to break the long-standing tacit understanding and not target them.

It's a pity that today's various events have completely shattered their illusions. The issue of the right to issue banknotes has obviously touched the bottom line of the Donghua Society.

The Hongkong industry has not changed, and it is still real estate and finance. Although the film and television media is also the center of Asia, and the semiconductor industry is also developing rapidly, it still does not threaten the status of real estate and finance in Xiangjiang.

Due to the large number of large enterprises in these two industries and the crowded market, in recent years, the real estate companies under the Tung Wah Association have basically suspended the development of Xiangjiang Real Estate, except for the necessary projects that Xinjian Real Estate needs to develop, which also frees up for other real estate companies. market space, so that some enterprises can survive in this market.

And this time, not only Xinjian Real Estate announced the development of new real estate in Sha Tin, Chinese Land, Hutchison Land, Kowloon CCRE, Guanghua Jianye, and Xinhui Real Estate have also announced the development of new properties in Tsuen Wan, Kwun Tong, Wong Tai Sin, Kowloon City and other places. Develop new properties.

Although Xinjian Real Estate has not been listed, its valuation has long been the uncrowned king in the Hongkong real estate industry. The total market value of Hutchison Land, Chinese Land, Guanghua Construction and Kowloon Construction is only lower than that of the more special Wheelock Land and Xinhui Real Estate. It is also one of the top ten real estate companies in Xiangjiang Real Estate.

Moreover, the real estate companies under the Donghua Club are not like their real estate companies. Originally, a project is not too big, and it is divided into one, two, three, four, five phases.

Xinjian Real Estate, Hutchison Real Estate, Huaren Real Estate, etc. develop a real estate, the first phase is at least thousands of residential units, and the first phase of development basically takes two years, no more than three years.

Now that these real estate companies are announcing their business return to Xiangjiang, a number of real estate companies will inevitably go bankrupt due to the market.

This can be seen from the reaction of the stock market today. Real estate stocks have plummeted across the board, even Donghuahui's own real estate companies are no exception.

The real estate companies under the Tung Wah Club are in the real estate market in Xiangjiang, which is completely different from the external market. In the Xiangjiang market, Tung Wah Club companies are not pursuing the maximum profit.

In the Xiangjiang real estate market, there are properties developed by companies under the Tung Wah Association in the surrounding area, and property prices are bound to plummet. Perhaps only Jinghua Village is an exception now.

So far, except for the development of Yuen Long by the Tung Wah Club real estate company, no company has entered Yuen Long at all, and there are also reasons for this.

Li Chaoren saw that everyone was looking at him, and knew that he had to say something. At this time, the Nanjiang Society must be closely united, so that it can have the confidence to face the Donghua Society's targeting and suppression.

"I know that some people have opinions on competing with Tung Wah for the right to issue banknotes in Hong Kong dollars, and think that it is not worth offending Tung Wah for this thing.

But think about it differently, if the right to issue banknotes in Hong Kong dollars is really useless, how could Tung Wah Society try to get this right over and over again.

As for offending the Tung Wah Association because of this, wouldn't we not have won the right to issue Hong Kong dollar banknotes?
Everyone should be clear that although the Donghua Association is powerful, neither our Nanjiang Association nor the others are willing to be subordinate to the Donghua Association forever.

This is also our last chance. If we still don’t make any moves, we can only watch the Hong Kong and Greater China markets being dominated by the Tung Wah Club when the Tung Wah Club completes its global layout.

Now that the focus of Donghua Club’s development is brought back, we are under greater pressure, and Donghua Club is under even greater pressure. They not only have to face the major forces in Hong Kong, but also American capital, Western European capital, Japanese and Korean capital, and Nanyang Capital. Capital competition and suppression.

Moreover, Donghuahui also has one of its biggest weaknesses, that is, they invest too much in projects with long payback times such as highways, ports, airports, and subways. Once Donghuahui’s corporate profits fall short of expectations, it will inevitably drag down the entire Donghuahui speed of development.

And through our cooperation with British and Japanese companies, we are bound to accelerate the development of our industry and the accumulation of capital. It is not impossible to catch up with or even surpass Donghuahui in the future.

Now please keep your confidence, I also tell you a piece of good news.

In the near future, many core members of the Rose Foundation and the Mitsui Foundation will come to Xiangjiang, and will reach a number of strategic cooperation with us at that time.

Our products will hopefully enter the sales channels of the two consortiums, and we will also receive the support of the two consortiums in terms of funds.

At the same time, we will also establish some joint ventures with the two major consortiums to promote Nanjiang to become a comprehensive commercial consortium, instead of just real estate and finance as it is now. "

Those here have different opinions, but they agree on one thing. If the Donghua Association is not restrained and allowed to continue to expand at such a high speed, the Nanjiang Association will always be under the leadership of the Donghua Association in the future.

If they can reach a strategic cooperation with the Mitsui Consortium and the Rose Consortium, they will naturally be happy, and their industry will usher in a period of rapid growth.

(End of this chapter)