The years of red flags

Lao Xu was also a man who cared about his reputation. Although Jiang Hua did not refuse openly, he knew exactly what he meant between the lines. So he did not dwell on this issue. After all, it was just a spur-of-the-moment idea.

Ms. Chen poured wine for them both, and they both held up their glasses and began to toast Jiang Hua. Lao Wang took a sip but did not speak. Instead, he was thinking about whether to say anything. Ms. Chen and Jiang Hua had just chatted, and maybe they were talking about this matter. He could ask Ms. Chen to avoid bothering Jiang Hua, after all, they were not very familiar with each other.

Lao Xu took a big sip. He was the most anxious because his real estate company was the focus of this audit, while Lao Wang and Ms. Chen both preferred commercial real estate and were only slightly affected.

The box suddenly fell into an eerie silence, and none of the four people spoke. Jiang Hua looked at Lao Wang and Lao Xu, then shook his head and smiled.

Lao Xu was ready to speak when Ms. Chen shook her glass and said, "Mr. Zhang, I've watched A Date with Luyu. After you were blacklisted, were you really as carefree as you were in A Date with Luyu?"

"It's not a bad thing, why not be more carefree?" Jiang Hua said with a smile: "If most of my business is now concentrated in the Ugly Country, and most importantly, I still need them to provide key parts, then if I am blacklisted by them, I will definitely be in tears. The key is that I don't need anything from them."

Jiang Hua smiled and said, "It's just like our Harbin Institute of Technology. It has been on the blacklist of the ugly Chinese for many years, but they are still developing well. If a student from Harbin Institute of Technology really applies to study in their ugly country, I guarantee they will happily accept it."

"Then what's the point of having such a blacklist?"

"It really hurts their interests, so he wants to use the blacklist to unite his allies to bring down the company." Jiang Hua said with a smile: "In addition, he puts things on the blacklist to intimidate you because he can't handle them."

Jiang Hua said happily: "In a word, those who can be on the blacklist are all very valuable. The ugly Chinese are not blind. He will not sanction a small shop in the second ring road casually, because it has nothing to do with it."

"Your value has increased since you were blacklisted." Ms. Chen said with a smile, "I guess my real estate company and furniture company will not have this blessing."

"If your real estate company transforms itself and carries out a large amount of infrastructure construction, and at the same time carries out a large amount of infrastructure construction around the world, thus destroying the good things of the ugly Chinese, it is estimated that nine out of ten times it will also be able to rise."

Ms. Chen smiled and waved her hands: "If I were 20 years younger, I would have this ambition. Even if I lost half of my wealth, I would still go up to bring honor to my family. At my age now, I no longer have the energy to fight, and my children and grandchildren are not motivated either. It's good enough to be able to protect this family business."

Old Wang had an idea. He analyzed some things from this turmoil and concluded that the real estate market would definitely be tightened in the future. Jiang Hua's article was definitely not aimless. He might as well take this opportunity to ask Jiang Hua how to transform.

Old Xu could no longer hold his temper. He put down his glass and said, "Boss Jiang, I've read the internal article you published last year. Don't you think you were worrying too much?"

"Oh, Boss Xu, are you here to ask for accountability?" Jiang Hua said with a smile, "Where are you worrying too much? Please point it out to me. After all, even if it is published in an internal publication, it may not be absolutely correct." "The current domestic trend is urbanization. Since urbanization means that the vast rural labor force is pouring into the city, they must have a place to stay in the city." Old Xu said indignantly, "We real estate companies are providing them with a place to stay, but your article is restricting our hands."

"That's what you think." Jiang Hua nodded. "Then I would like to ask how many of your Evergrande houses are for rural laborers who have just entered the city. Can they afford them?"

“There’s always something you can afford.”

Jiang Hua slammed the table and said, "Generalizing from a single case, is this what you think? There will always be people who can afford it. When all the money in society flows into real estate, ordinary people can't take out a penny from their pockets. Who will consume? Why can only your real estate make money, and other industries can't make money? You are greedy."

"It's true that most rural people who have just moved into the city can't afford our newly built houses." Lao Wang nodded: "I'm in the commercial real estate business. In recent years, I've found that when the housing prices in a second- or third-tier city go up, there are fewer customers in my Wanda Plaza."

Perhaps frightened by Jiang Hua's slamming of the table, Boss Xu said with a lack of confidence: "But your article is equivalent to directly denying our contribution to the entire urbanization process."

"I never said that real estate development should stop." Jiang Hua shook his head: "I just suggested to shrink it, appropriately. There are so many real estate companies building in a city at the same time, competing with each other. The price of materials has risen, the price of land has risen, and the price of marketing has also risen, which has directly led to an increase in housing prices."

Jiang Hua smiled and said, "This is definitely not the original intention of our country's real estate industry. Moreover, my article was to warn people about the debt repayment period after the dividend period, and it was mainly aimed at the madness of the land economy period. As long as you are more cautious, it will not have much impact on your company. It is not difficult for such a large company to be more professional."

Lao Xu was speechless, but he immediately responded: "It is said that Mr. Jiang, you are quite disgusted with real estate. A few years ago, when I applied for a loan from Pudong Development Bank, I encountered many difficulties."

"Is that making things difficult for you?" Jiang Hua asked back, "I'm just asking them to be stricter with real estate lending. If you think I'm making things difficult for you, then it only means that your loan procedures are illegal."

This time, Lao Xu was completely speechless, and lowered his head in depression. Jiang Hua hit the point. In order to expand the business of the real estate company in recent years, he borrowed a lot of money from major banks.

In order to get more money, he also used many means, generally speaking, they were always successful, because at that time the country encouraged real estate, so his means were invincible.

But only in Pudong Development Bank, the credit manager of this bank has always been very tight-lipped and only follows the rules and regulations. He only lends as much as he can without showing any mercy. Later, when Lao Xu made more and more small moves, he even put him on the internal blacklist.

(End of this chapter)