Through the wealth life

Chapter 1338
After the decision was made at the meeting, several major retail groups moved quickly and came up with their own countermeasures. This time, as long as Wal-Mart, Lotte, etc. dare to grab food in the East China market, Hengyu Supermarket Group and others will definitely lose their troops.

The battle in the retail market in the mainland has officially begun. The winner cannot be determined in a day or two, and Li Guangyu cannot devote all his energy to it.

At 7:25 pm on July 02th, Li Guangyu came to the headquarters of Xiangjiang Real Estate Construction Chamber of Commerce to attend the meeting held by He Hongsen.

The chairman of the Real Estate Construction Chamber of Commerce is He Hongsen, the vice-chairmen are Wu Guangzheng and Hu Yinxiang, and Li Guangyu, Li Zeju, Zheng Jiachun, Li Jiajie, Guo Bingxiang, Chen Qizong, Xu Jinqian, Cao Weide and Lin Jianyue are the executive directors.

The number of members is more than double that of the 80s. For example, Li Guobao, He Hongqing, Zhao Shizeng, Luo Ruiyang, Li Guanghui, Zhang Yingqi, Chen Qiwu, Liu Luanxiong, and Poon Dickson are all new members.

Today's meeting He Hongsen is just the convener, not he wants to hold this meeting, Hu Yinxiang and Huo Zhenhuan proposed to hold the meeting.

For such a meeting, Li Guangyu is only here to go through the motions. Generally, he will not express any opinions. Now, among the three major real estate groups under him, only the Starlight Real Estate Group is still investing in Xiangjiang, and the houses and shops developed are only Providing internal employees of Li's consortium will not sell to the outside, so it will not affect him no matter what.

Li Guangyu is quite aware of the reason for such a meeting today. Just this month, the average housing price in Xiangjiang rose again by 10%, and the increase in Xiangjiang Island and many places in the Kowloon Peninsula was around 15% to 20%.

The vast majority of real estate companies in Xiangjiang are happy, but ordinary citizens, especially those who have just moved to Xiangjiang, will have greater housing pressure. Some forces hope to suppress the current housing prices in Xiangjiang, which is why today's meeting took place.

After the meeting started, He Hongsen briefly said a few words, and then gave Hu Yinxiang the time, since he didn't want to participate in it anyway.

At present, Shun Tak Group’s focus is not in Hong Kong. Tianjiao Group has joined forces with Cheung Kong, Sun Hung Kai, Shun Tak, Shau Kee, Chinese Land, Hongji, New World Development, Wanbang Real Estate, Lukang and other real estate groups to build CBDs everywhere. The investment in this area is very large. The group didn't have much energy to toss in Xiangjiang.

At present, the four major CBDs in Shanghai, Huacheng, Pengcheng, and Jinmen have been completed in the mainland, and the six major CBDs of Jinling, Ludao, Hangzhou, Jiangcheng, Rongcheng, and Shuangqing are under construction, and the funds of major groups have basically been spent. In this, the residential development is only developed in a small area in East China and South China.

As long as these ten CBDs are completed, according to the current market value, it will be worth over one trillion yuan, and the annual rent of major groups will be very scary.

Influenced by Li Guangyu, Heungkong Bank currently ranks No. 9680 on the Hongkong Exchange, with quite a lot of shares and assets in its hands, with a market value of [-] billion Hong Kong dollars.

And the second is Hutchison Whampoa, whose left-handed real estate and right-handed retail have made its market value break through to more than 6400 billion Hong Kong dollars.

The third place is HSBC, with a current market value of more than 5800 billion.

These three companies are also giants in Hong Kong's current stock market. The market value of Sun Hung Kai Properties, which ranks fourth, has reached HK$4690 billion.

Then there are Cheung Kong, Shau Kee, and Wanbang Real Estate. New World Development and Shun Tak Group rank 5 to 10. Shun Tak Group, which has the lowest market value, has a market value of 3850 billion Hong Kong dollars.

Although this market value is good, listed companies in the United States are even more terrifying. Before the Internet bubble collapsed, Cisco reached the top with 4500 billion US dollars, which is more than 35000 trillion Hong Kong dollars when converted into Hong Kong dollars. The gap in Hong Kong is still a bit far.

Of course, this is mainly due to the fact that many groups under the Lee Consortium are not listed. Otherwise, it would be very easy for Hong Kong to produce a few groups with a market value of over one trillion Hong Kong dollars.

Although Heung Kong has attracted many mainland and Southeast Asian companies to list here, at present, Heung Kong still dominates the real estate and financial industries, especially real estate companies, which can be said to occupy half of the Heung Kong Exchange.

Among the top 23 companies by market capitalization in Xiangjiang, 21 are mainly engaged in real estate, [-] of which have real estate shareholders behind them, and only a few have nothing to do with real estate.

……

After He Hongsen's words fell, Hu Yinxiang said: "This meeting is specially held today, mainly to discuss the future of our Xiangjiang real estate industry with you. Since 94, the price of our Xiangjiang housing has been soaring. Although there are some waves in the middle, it is also very difficult. Almost suppressed.

It’s just that I hope everyone can think about the future. Fishing for thirst will only destroy the Great Wall. The soaring housing prices are not conducive to our future development.Of course, if someone doesn't regard Xiangjiang as their foundation, then it's as if I didn't say so. "

Hu Yinxiang knew that this would offend many people, but he didn't have much to do. Before Huo Yingdong didn't retreat, he was the one who stood up.

Moreover, from the mid-80s to the early 90s, Li Guangyu focused on suppressing housing prices in Xiangjiang. In recent years, Li Guangyu has also let go of it, and it is completely determined by the market.

It is obviously not acceptable to let the housing price go up like this, and this time he is the only one to mention it.

He hoped to reach a consensus with Li Guangyu and the others. As long as Li Guangyu and the others invested huge sums of money in the development of residential real estate, it would be quite easy to lower the price.

After Hu Yinxiang's voice fell, Da Liu said: "Hu Sheng, we also want to see the price come down, but everyone knows the current land price. We are businessmen, and there are thousands of employees to support us. We shouldn’t let us spend all our wealth to do this business.”

After Da Liu's voice fell, Luo Ruiyang said: "Hu Sheng, we also know some of your ideas, but we can't afford the consequences of a sharp drop in housing prices. We also need to consider the feelings of those who have already borrowed to buy houses, and I hope to follow The law of market development, rather than human intervention."

Many other members made similar speeches later on. Hu Yinxiang's proposal obviously touched the interests of many people. They were quite uncomfortable when Li Guangyu suppressed them at the beginning, and they were unwilling to do it again.

Li Guangyu's side is currently focusing on the mainland, and there is basically no development on Xiangjiang's side, so they just listened quietly without expressing any opinions.

It's a pity that the tree wanted to be quiet but the wind kept blowing. Li Guangyu and the others didn't want to express their opinions, but Hu Yinxiang asked him to talk about his views on the current property market.

Li Guangyu knew the thoughts of everyone present. Many people were afraid that he would repeat what he did in the late 80s and make them uncomfortable, so many people stared at him, hoping that he would not intervene.

After pondering for a while, Li Guangyu said: "The current situation is a bit complicated. It not only involves our property market, but there are also many related problems. Some things are beyond my ability to solve. Talking nonsense about the future development, so as not to affect the economic development of Xiangjiang, and the future of the property market in Xiangjiang, I believe that the Xiangjiang government and everyone will be able to handle it properly.”

Hearing Li Guangyu's Tai Chi talk, many members present felt relieved. What they were most afraid of was that Li Guangyu didn't care about profits and rebuilt millions of houses. If that happened, they would have to live a hard life again.

There are too many interests involved, and Li Guangyu is unwilling to lose his own interests and offend a large number of people by making wedding dresses for others.

……

(End of this chapter)