Chapter 54 The Concept of a Private Club

On May 24, the red-headed document issued by the State Council the day before finally began to show its power today.

Since the 23rd, real estate developers have begun to flee one after another, but some people still don't understand the situation and have illusions about the consistent strength of the four major state-owned banks. They think that that will be their last confidence, and they may not be able to resist to the end. It was not until the morning of the 24th that major banks and governments at all levels announced the strict implementation of the 16 measures of the State Council that their illusions were shattered that they realized that they were finished.

So, from the morning of May 24, the disaster in Hainan and Beihai real estate markets began.

From that day, banks tightened their money, real estate companies were suspended from listing, and funds were restricted from flowing into the real estate market.

From that day on, real estate developers speculators in Hainan and Beihai began to flee and close down on a large scale. The market value of Hainan's real estate market began to depreciate like a plunge. The price decline in the real estate market was staggering. In just a few days, it fell to a level that was unacceptable to the point that developers and banks could not accept.

The real estate manager industry has always needed cooperation between developers and banks to develop it. The real estate developer may not have much money. Maybe he only needs the funds to start the project, start to use a small amount of funds to leverage the development of the project, and then build it through land mortgage loans. After completing the first phase of the project, he can also mortgage again to obtain funds. In this way, powerful real estate developers can repeatedly mortgage. More than four times. At the same time, they can also suppress the construction of the builder's project funds and other means to ensure the flow of funds so that the project can finally run.

Hainan and Beihai are no exception. When the real estate market in Hainan and Beihai is soaring, almost all developers have become debtors of banks. Some shrewd developers have put the money earned from reselling land or real estate into their pockets and mortgaged the houses that are still on the drawings to banks at a high price.

Since the Red Head Document of the State Council came out on the 23rd, real estate developers in Hainan and Beihai have fled or collapsed, and the bank has suddenly become the largest developer. When the bank began to dispose of non-performing assets, it was found that many mortgage projects actually dug a big hole, and the real estate mortgaged at sky-high prices was just a "air pavilion". What's worse is that many real estate still owe a large amount of project funds, and some have even been mortgaged many times. Even for the mortgage project that has been completed, it is more difficult to dispose of because the project has depreciated significantly after the bursting of the bubble. For banks, it's almost rotten in their hands.

Of course, there are also many Wanjian similar to Cai Mingcai. They do not directly develop real estate, but enter in a form similar to travel capital, bringing large-scale funds into Hainan. The purpose is to speculate in real estate, speculate in house prices to a certain height, and then cash out.

After the bursting of the bubble, the biggest loss was the banks, followed by these large-scale floats. Of course, the scale of floats cannot be estimated specifically. Maybe it is only a small part of it. Coupled with the float hidden under the water, it may not be known that their losses are greater than the losses of banks.

Similar to Cai Mingcai's speculation with his own funds, they don't have banks to help share the risk. After the 23rd, the invested funds are evaporating at a speed visible to the naked eye. The real estate and land in their hands are completely squeezed in their hands, and even the diving price can't be sold. Moreover, most of the properties in their hands are just "air pavilions", either staying in the paper design stage, or just digging a big pit, or just completing the first phase of the project.

Of course, a lot of the funds used by the travel capital are borrowed at short-term high interest rates. There are still very few such people like Cai Mingcai who use his own money as travel capital for speculation.

Cai Mingcai is now also crying without tears. He can only watch his property evaporate in Hainan, and there is no way to save it. He now regrets that he has shifted his focus from Dongling City to Hainan, and a large amount of liquidity has been trapped in the real estate bubble in Hainan. Of course, he hasn't realized it yet. He has been jointly calculated.

......

Tang Yu didn't pick up the car until the 26th. Fang Jianming called him and Tang Tianhao to Caesar. After sighing, he talked to them about something unexpected.

"After experiencing such a thing, although I jumped out of it intact, I still felt a little lingering. I also talked to the old man on the phone. The old man said that after completing the original accumulation, don't soak in the turbid jar. Many times I can't explain the things about real estate clearly. I have the intention to quit. The old man almost means the same thing. A lot of things were actually packaged to Cai Mingcai's Wan Jian before.

"What, Brother Fang, are you going to withdraw from the real estate industry?"

Hearing what Fang Jianming said, not only Tang Tianhao, but also Tang Yu was a little surprised.

The real estate group controlled by Fang Jianming now ranks first in the province. Now that it has experienced the real estate market bubble in Hainan, real estate developers across the country are all chicken feathers in the same place. According to reason, the Fang family, which has not suffered losses, should take advantage of the situation to develop and grow. How can they opt out at this time?

However, Tang Yu turned his mind slightly and understood what Fang Jianming was thinking.

"Yes, I'm not going to continue to hang around here. Things in Hainan are quite exciting. I asked you two to come over today. In fact, I also want to ask you to see if you have any good ideas. Of course, many people in my family are unwilling to give up the real estate sector. I withdraw most of the funds and then leave the stalls for them to operate. They also have to give me the things they run, and then let me inject the funds drawn by the Real Estate Development Group and continue to develop.

Tang Yu frowned and thought slightly, "Brother Fang has made up his mind to quit this industry?" I don't know how much money Brother Fang can withdraw and what directions are available for you to choose. What kind of direction does Brother Fang like to do?

Looking at Tang Yu's idea, Fang Jianming also began to introduce it in detail, "In terms of the scale of capital, although the real estate group has just cashed out in Hainan and Beihai, it can't be pulled out all at once. There is always a scale of 7,000 or 800 million yuan. As for the options, there are many directions to choose from. Not to mention such a large capital scale, many things can be invested in from scratch. There are many directions in which are messy at home alone. As for what your brother Fang wants to do, I want to get a place like Caesar and Wan Xin to operate, but the old man will obviously not allow it.

"Brother Fang wants to build a large-scale entertainment and consumption place like Caesar?" Seeing Fang Jianming nodding, Tang Yu couldn't help but fall into meditation.

Fang Jianming probably means that his old man will not allow him to engage in such things in the dark zone. The old man still hopes that the industry at home can take a decent path, or this time it will not indicate that he wants to withdraw from the real estate industry.

After frowning and thinking about it, Tang Yu suddenly seemed to think of something. His eyes lit up. In places like this, it was not necessary to have color, affection and soft drugs. Tang Yu suddenly remembered something suitable for Fang Jianming's business.

After thinking about the words, "I often read some newspapers and hot news from all over the world. Brother Fang often goes to the capital. I don't know if you have heard of the booming investment club in the capital some time ago?"

That's right. It was the private clubhouse that Tang Yu remembered. This kind of thing began to spread to mainland China in 1993. The earliest Kyoto Club only began to open in October 1994, beckoning the first batch of founding members.

Fang Jianming frowned and thought for a moment, "Are you talking about the Kyoto Club and Chang'an Club that Beijing was being fired and under construction some time ago?"

"Yes, it's these two clubs under construction. Some time ago, the two clubs that have not yet been officially opened were very popular. There are many reports on relevant aspects. Brother Fang might as well find the information and have a look. I don't know whether it is possible, but there are many private clubs similar to foreign countries. Brother Fang can also look for information. That kind of place doesn't have to have those messy things like ordinary entertainment venues. Moreover, many resources behind Brother Fang can also be used.

Fang Jian remembered that Tang Yu, a pervert in economics, had heard from Tang Tianhao that the degree of evil was really not covered. Since Tang Yu said it solemnly, he naturally had to study it.

"Many people at home support me to enter the health care products industry. Someone at home has already done it, and the initial results are not bad." He hesitated for a moment, "I investigated it carefully. It's much more black-hearted than these so-called entertainment venues and real estate development. After thinking about it, we still can't get along with it. But the beverage market might as well have a try. What do you think?"

Seeing that Fang Jianming said that health care products were so unbearable to Tang Yu, Tang Yu also felt the same way. In the 1990s, the health care products market was an era without a moral bottom line. In the previous life, it was similar to Sanzhu, Hongtao K and Mianzhou Feilong. Which one did not fall on it, and the three plants finally broke out a bad incident of drinking to death.

Tang Yu remembers that Mianzhou Feilong was developed by the Jilong Group of the Liaohai Zhang family. It seems that after the chaos in the whole industry, it was eliminated by the big waves in the first round of fighting, and the next three plants and red peach K did not last for a few days.

Under the strategy of advertising as big as the market at that time, the health care product market in the 1990s was chaotic. At that time, there was a saying that health care products could be made in addition to penicillin and marijuana. The degree of chaos was unimaginable. The ** test standards only referred to the test standards of soda, and finally The country has to come forward to make a mess of it, and it's all about chicken feathers.

"I don't know much about the beverage market, but since Brother Fang wants to enter, he must have spent a lot of effort to study it. I won't say more about this. Health care products should not be done well for the time being." Tang Yu is not completely thoughtless, and there is a vague memory in his heart, but those things need to be put forward, or it will be too shocking.

Fang Jianming also smiled, "It's just that I have this idea for the time being. I have ordered the people below to carry out market research and analysis. Whether it can be done or not depends on their analysis results. At that time, I will ask Tang Yu to come and give Brother Fang's staff."

Tang Yu quickly refused, "Brother Fang, don't treat me as a god. I don't know everything. You'd better spare me for this. I'm not interested in squeezing the labor force..."

Tang Yu and others delayed for a while and then tested the key with great interest. Fang Jianming was busy with business and had no time to accompany the two of them. On the contrary, when Tang Yu and his uncle drove away, they seemed to see a very arrogant young man saying something to Fang Jianming. They asked his second uncle to know that it was Zhanghua, the prince of the Zhangjia Jilong Group in Liaohai Province.

Tang Yu suddenly remembered that Song Wanru seemed to have talked about it last time. Fang Jianming fell on his face in public, but he didn't know why he was looking for Fang Jianming at this time.

I heard that this boy is also a business genius, and now he seems to be in charge of the business of Liaohai Feilong.