Chapter 257 Financial Crisis (2)
2008.
Those who buy a house make money (buy it, it’s cheap, and the price is cheap), but those who sell a house are awful.
They all buy houses with loans, and there is no way to get back the funds. Chen Jingxu is not sure how to operate them in detail.
I only knew that there were many bosses with broken capital chains that night and jumped down.
Trusts inject funds into real estate and raise funds at high interest rates, however, real estate is like a gust of wind.
After the ups and downs, a large number of high-interest deposits could not be recovered, and banks could not cash in on depositors' large withdrawal business. In the news, depositors who learned of this news went to the bank hall to ask for cash, which made the bank's funds even more tight, and the savings amount dropped sharply. In the real estate market that lost the support of the bank, it collapsed instantly and the debt could not be repaid.
"Sister Tianna, it's over, it's all over!!!"
The two people who followed Guan Tianna from the Rising Group almost collapsed.
"how so!"
Guan Tianna was about to collapse, and the housing prices fell almost in one day. She was stocking up tens of millions of houses in her hands and wanted to sell them, but for a while, there was no buyer at all.
Even if there are buyers, they still buy a house with a loan, and very few people will buy a house at one time.
I'm afraid that if you want to sell it, you can't even sell it, so you can only continue to smash it into your hands and wait a few years later to get back the price.
But Guan Tianna also misappropriated money to invest in other land developments, and once the work was stopped, it would become an unfinished building.
If the subprime mortgage hole is not filled in time, bankruptcy is also her choice. She called Chen Zhongjin again: "Boss, can you borrow me to buffer the funds transferred to you last month?"
"I have warned you many times to stop in time, but you just waited until the financial crisis swept over and you realized that you were panicked and I couldn't help you." Chen Zhongjin directly rejected Guan Tianna. I had already helped her the last time, mainly because I didn't satisfy Chen Zhongjin.
1.5 billion, 1.5 billion in three years, there are several million in banks, right?
But the amount of money received was still 1.5 billion, not much, not much, just right.
"Boss, now you are the only one who can help me." Guan Tianna never whispered so much when she was in the Xuri Group. She came out to start a business and felt unable to do so.
But she did not regret it. As long as she was allowed to survive this subprime mortgage crisis, she was confident that she would go to the next level.
Little do we know that the subprime mortgage crisis has not yet completely broken out.
Every day is like a year.
Many companies have gone bankrupt one after another.
In fact, it was not that serious, but the banks in the United States went bankrupt, which made people panic and worried that money would not be safe in the bank.
This has led to the withdrawal of cash from banks and the breakdown of the capital chain.
Rising Sun Bank.
There are really many corporate bosses who come to ask for funds to settle in, and even do not hesitate to land on both sides~
They borrowed all the banks, but they could do nothing to do when the financial crisis swept.
Only Xuri Group has increased its budget report on market value.
What does this mean?
This means that their financial crisis has not affected them. If they can get through this financial crisis from Xuri Group to funds, they will definitely go to a higher level, provided that Xuri Group is willing to lend them.
The president of Lenovo Xuri Group donated 100 billion yuan in earthquake relief and disaster relief, so there is definitely no shortage of working capital.
Therefore, many entrepreneurs and bosses opened the service hall of Xuri Group at the same time, and ten were opened nationwide, mainly because Chen Jingxu did not want to expand the bank. His original intention of opening a bank was to embezzle funds at any time when he wanted funds and did not have to be deposited in other banks. The funds could be approved by them before they could be approved by the embezzlement of millions.
Chen Jingxu wanted to open his own money by himself.
"Brother Kun, I'll take a look."
A bunch of cooperative projects can be invested according to their wishes, selected promising projects, and can also start prices without fear of not agreeing.
Cai Shaokun smiled and said, "It has to be packed in sacks."
It is not an exaggeration at all. The rhythm of this storm is too terrifying. It is not worth it at home. Many overseas countries are affected by the United States, and their economy collapses in an instant and retreats back at least five years.
Many intangible assets turn into bubbles.
"Real estate accounts for most of the time." Cai Shaokun brought the project loan statement to the stage: "President, this is a project cooperation of HSBC, I think the group can consider it."
"HSBC? Which HSBC?"
“HSBC.”
Chen Jingxu frowned: "Which HSBC Bank framed Ren's old daughter?"
"Old Ren?"
Cai Shaokun doesn’t understand who Chen Jingxu is referring to, and which Mr. Ren?
"I'll tell you what projects to cooperate with in the future."
After a glance, credit card - investment - financial management - loan - insurance - deposit - debit card - wanted to cooperate with Xuri Group to open a counter, Chen Jingxu shook his head: "Brother Kun, don't be too close to them in the future, they have problems."
“Are there any problems?”
Cai Shaokun was confused. HSBC is the largest bank in Xiangjiang. He felt that what their president said was becoming more and more mysterious. He was obviously younger than himself, and he felt like he had seen the whole world.
"Well, there's a problem, they're going to collapse sooner or later."
"No way?"
Cai Shaokun was stunned. The news was too horrible.
"You have nothing to do recently, so just sort out these projects. If you are doing industrial production, then help. For those who do financial real estate, forget it, I can't help it."
"Isn't investing in financial real estate more profitable at this time?" Cai Shaokun decided that the group had tens of billions of dollars and threw him into financial real estate projects, which would definitely make a lot of money.
The price of house bubbles is only temporary, and the country will definitely introduce a suppression. At that time, the dead tree will be in full bloom, and it will not be a problem to turn over the group's assets a few times.
"Xuri Group said that it would not do real estate, so it would not do real estate. Brother Kun, if we do these projects, our group will do business overseas and make money overseas."
"Is there a way?"
Cai Shaokun's eyes lit up. Since Xuri Group stopped doing real estate, he has been idle and no longer has to go to social events.
But he has been idle for several years and has long been idle.
"Let's go abroad to set up street stalls."
"What, setting up a street stall?"
Cai Shaokun is full of thunder, and there are many geniuses in the Chinese business world, and his business has been achieved all over the world. Overseas Chinese businessmen have the industry involved in low, medium and high-end "takes all". From street stalls, gold mining to surrogacy services, to property investment and housing speculation, there are many ways to make gold digging.
But if you put the identity of Xuri Group, you can’t really set up a street stall, right?
That's too much of a identity.
"It's better to have something else. Our group will set up street stalls, which is too pricey." Cai Shaokun persuaded: "Purchasing agents are better than setting up street stalls."
"Brother Kun, you don't understand this. We don't set up street stalls, but hire local employees."
Cai Shaokun was still confused: "Is there any difference?"
Chapter completed!