The Wealth Empire Crossing the Hong Kong

Chapter 667 The impact of the stock market crash

At the auction, major real estate companies showed their talents, but in the stock market, instead of stabilizing and rebounding, the stock price ushered in another round of plummeting.

Donghuahui had been prepared for a long time and didn't care much about it. The other major forces were not so calm.

In this land auction, there is no piece of land whose price is not inflatedly high. In addition to the limited market, many lands can only be used as reserve land, and the funds will be held in it for several years, or even ten years. In the short term, major real estate listed companies As a result, profits will be reduced, and short-term investors and institutions will not continue to hold shares in these companies.

The continuous decline of the stock market has finally had a considerable impact on Hong Kong's economy and society. In the past two years, a large number of citizens have invested assets in the stock market, hoping to make a fortune in it.

However, the coming of the stock market crash left many families impoverished overnight, especially those stock investors who entered the CBBC market.

Many employees and even the management of the Donghua Club are also part of it. Some of them even went to extremes and ended their own lives. This also brought a lot of adverse effects on the development of the Donghua Club.

In order to cope with this change, on the morning of May 5, in the meeting room 21 of Xinjian Building, members of the Donghua Association and senior management of the industries under the Donghua Association held a joint meeting.

"This round of stock market crash has dealt a severe blow to our Xiangjiang economy. Not only have many families' assets shrunk, but some have even owed a large amount of foreign debt.

I believe that not only our Xinjian Department has such employees, but also under Dongya, Guanghua, Jiulong Holdings and other subsidiaries.

I believe you have heard of the incident that happened in the Tianshui Industrial Park production plant of Taoda Group yesterday afternoon, and now the outside world is even more rumored, because of the stock market crash, a living life chose to end like this.

He is the deputy manager of the production base of our Taoda Tianshui Industrial Park. He is a seventh-level management in the Xinjian Department, and he is already a middle-level manager. His salary is also white-collar in Xiangjiang.

Before the stock market crash, they had a happy family, not only a virtuous wife, but also two lovely daughters.

However, such a tragedy has occurred now. The happy family has no pillars, and the family's house will be taken away. It also owes a high debt that is almost impossible for the current family to repay.

……

I say so much, not because I feel guilty for not taking a shot to protect the plate this time, let alone to be a saint, but it is not to do nothing and let it develop.

At this time, our major charitable foundations must take action so as not to make our employees completely despair.

At this time, our media should also be active, and we should publicize more positive events.

In addition, our major companies must also provide psychological counseling to such employees, so that they can have confidence and hope for the future.

Yijia Group also needs to take action to provide low-rent housing for employees of our Donghua Club who have lost their housing, so that they can have a stable place to live. "

Those present were all smart people, and it was clear that Li Jianhui's arrangements were mainly to buy people's hearts, and at the same time reduce Donghuahui's own losses.

You must know that the employees of the Donghua Club mainly get loans from the banks under the Donghua Club. If these people go to extremes, they will become dead debts.

Give these people hope and let them continue to work. While reducing the negative impact of Donghua, the losses of several major banks will also be reduced a lot.

Of course, these policies are currently limited to the employees of the Donghua Club. As for other personnel, they can only look at other forces and governments.

After the venue was quiet, Li Guobao said: "Affected by this round of stock market crash, our Xiangjiang market may be relatively sluggish in the short term, so we will focus on external expansion next.

Especially the ASEAN market, which we focus on, I hope everyone will attach great importance to it. This market will be the foundation of our Donghua Association for a long time. "

Afterwards, Lei Juekun, Zhang Guangwen, Feng Jingyao, Li Chunxue, and Li Jianyang also made speeches one after another, talking about the main focus of the next development and expansion of the major industries of film and television media, real estate, finance, electronic semiconductors, and textiles and clothing.

On the real estate side, don't look at the fact that the real estate companies under the Donghua Club have won a large number of development lands, but there is no intention of large-scale development at present.

In addition to the projects that have been developed so far, the focus of several major real estate companies is still in Taiwan, Japan and the ASEAN market.

……

In the afternoon of the same day, the policies aimed at impoverished employees of the Donghua Club due to this round of stock market crash were issued to major companies, and they were conveyed to every front-line employee of the Donghua Club Xiangjiang at an extremely fast speed.

In addition, the support policy for the family of the deputy manager of the production base in Tianshui Industrial Park of Taoda Group was also conveyed.

This wife will work in the management department of Wheelock Land in the new urban area of ​​Tianshui, and considering her family, Wheelock Land will provide her with free staff housing, although it is only one bedroom, one living room, one kitchen and one The bathroom area is only 400 square feet, but for this family, it is already quite good.

The two daughters not only attend Tianshui Primary School and Tianshui Secondary School free of charge from elementary school to middle school, but also receive 800 Hong Kong dollars of living expenses supported by the Xinjian Charity Foundation every month.

Jiayi TV has made a lot of reports on this, and at the same time appeals to citizens not to lose confidence in the current difficulties. The crisis caused by this round of stock market crash is only short-lived. I believe that with the joint efforts of six million citizens, they will soon be able to overcome the difficulties .

Li Jianhui also very rarely attended the special interview live room hosted by Jiayi TV, and expressed some of his own views on the current situation.

When asked by reporters about his views on this round of stock market crash, Li Jianhui said: "This round of stock market crash is inevitable in my opinion. Since the depreciation of the US dollar and the appreciation of the Hong Kong dollar in September last year, our Hong Kong stock market has been hot.

In the past year and a half, the three major indexes have risen rapidly, and the market value of major listed companies has reached new highs. Coupled with the influx of a large amount of hot money over the past year, many companies have had a serious bubble in the market value of the stock market before the stock market crash.

Now that the hot money is withdrawing, a large number of stockholders are selling off, and this round of stock market crash has occurred.

However, I am full of confidence in the future of Hong Kong's economy. This round of stock market crash is more just to bring our stock market back to rationality. Our Hong Kong economy itself has no major problems.

In particular, the signing of the joint statement will make our Hong Kong more stable and will also boost our economic development in Hong Kong to a higher level. "

In the live broadcast room, Li Jianhui also reminded Xiangjiang stockholders that the stock market is risky, and they need to be cautious when entering the market. Remember not to be too greedy, let alone invest all your wealth in it.

At the same time, for the stockholders who were impoverished due to this round of stock market crash, Li Jianhui also poured chicken soup, so that these stockholders can regain confidence in their future life.

As for the protection of the market, Li Jianhui responded ambiguously, only saying that Xinjian Holdings Group will work with allies to keep the Hong Kong stock market within a reasonable range, and will definitely not let the Hong Kong stock market fall into the abyss.

(End of this chapter)