Chapter 876 Suppressing the housing market

If you want to suppress housing prices and stop the withdrawal of hot money from abroad, you must start quickly and vigorously. On the contrary, it will be too late if you wait until a large amount of hot money has quietly withdrawn from the real estate market. Moreover, the decline in the real estate market should be large, fast, and you will not give the opportunity to sell hot money.

And even the gods and ghosts couldn't stop Zhou Dongfei from taking action.

The domestic banks and real estate industries are too closely integrated, almost in offensive and defensive alliances. Once the real estate industry collapses, their loans that occupy the real estate market will face a huge crisis.

But Zhou Dongfei didn't care. His Xinyi Huitong Bank did not have many loans in this regard. Because these banks were originally affiliated with the Rothschild family, and this family was originally to buy at the bottom and make money, not to invest with kindness.

Of course, as a commercial bank, it is impossible to have no investment in real estate. The leverage that Zhou Dongfei can leverage is this part of the real estate loan.

Just when the Prime Minister personally ordered to take action against the Yu family industry, the real estate market was already in a stalemate. Developers were reluctant to buy it, and the people were reluctant to buy it. Now, what was competing is endurance and patience to see who can support it to the end. Those large real estate developers have also formed offensive and defensive alliances, secretly vowed not to lower prices, and forced the people to be unable to bear it, continue to buy, and continue to boost the heat of the real estate market.

Moreover, real estate developers used a lot of means to promote the public and insisted on saying that "the real estate market will not be cold" or "the real estate will not be reduced", which made people panic. The people originally thought that prices would be reduced when they saw the central government's policies, but now they still seem very slim.

Now, it is a delicate stage of fighting and fighting.

At this time, any substantial action will become the last straw that will crush the other party.

So at this critical and subtle moment, Xinyi Huitong suddenly announced that the Xinyi Huitong headquarters has ordered all branches to recover the real estate loans released by Xinyi Huitong immediately.

While asking various branches to collect the loans, Zhou Dongfei had asked the big lords of various provinces to assist in "collecting the loans". These people were like wolves and tigers, and one call scared the local real estate developers to the point of being infatuated. These real estate developers dared to delay loans from other banks, dared to owe them, or even dared to refute them, but they did not dare to offend Xinyi Huitong even if they lost all their money. Thinking back to the time, Chen Jiantong, a major businessman who could leverage hundreds of billions of assets, had to kneel in front of Qiu Deyong to gain a way out. Now these developers are far less powerful than Chen Jiantong; the Xinyi Group, which is in full swing, is far better than the Qiu Deyong Group at the time. So, how dare these developers seem to offend Xinyi? What's more, Xinyi Huitong is not a blackmail, it just urges you to repay or refuses to borrow money from you again.

With the launch of the strong collection action, many developers have fallen into the dilemma of breaking the capital chain. Even if the entire industry wants to support housing prices, these developers really can't hold on. The massive amount of funds has become reinforced concrete, but they cannot be cashed back into cash, so even the employees' salaries have been released, so how can they still support them?

So, they finally cut prices significantly!

It dropped by more than 20% all of a sudden, just to recover funds as soon as possible.

But the Chinese people have this habitual psychology: buy ups and not buy downs. Since it has fallen? Well, don’t buy it, and just wait for you to fall again and again!

Once the price cut trend is opened, the offensive and defensive alliances of real estate developers will no longer exist. In a city, even if two out of ten companies have lowered prices, the other eight companies will be in trouble. Because those two companies can’t sell their prices by 20% or 30%, who will buy those who support the housing prices?

If housing prices rose very quickly at the beginning, the collapse was faster, as if they were defeated. So, Hangzhou, Jinling, Chang'an... as long as Xinyi Huitong has a major business, housing prices fell one by one. These are first-tier cities and are highly representative.

Finally, the trend of price cuts finally extended to the capital, Shanghai and several super metropolises. The collapse of the real estate market can no longer be curbed.

All real estate developers cried and called their parents, smiled when they made money, but their tears melted this time. Some large real estate developers even secretly swear to get rid of the harm of Xinyi Huitong!

However, they could not do it at all. They tried to do it through administrative means, but many local officials tried to intervene, even suppress Xinyihuitong and struggled dyingly. These officials may not have too many interests with real estate developers, but are mostly caused by local protectionist ideas. Because once the property market collapses, the land income on which the local government relies on will shrink immediately, and fiscal revenue will immediately fall into an embarrassing situation of not spending enough money. Some local governments even rely on "selling land" to make a fortune, quickly increase fiscal revenue and improve political achievements. Now that their income is cut off, how can they be happy? This is another important reason why the price of the real estate market has not dropped.

However, when the local government personnel tried to make trouble for Xinyihuitong, the presidents of the local branches and branches did not resist, but just handed them the promotional materials inside Xinyihuitong to see. These materials were just printed and did not before, because Zhou Dongfei asked everyone to be as low-key as possible. But now, they must be taken out as the Sword of Shangfang.

...

"Director Liu, don't worry, I'll contact our headquarters now. Don't worry, you will never interfere with our government's inspection. After all, you came on behalf of the municipal government." The president of Xinyi Huitong Hangzhou Branch smiled and pushed over the internal materials, "You can drink a little tea first, take a look at our introduction, and you can learn more. Within ten minutes, there should be news from the headquarters."

Check? Just check it! But before checking, you can see the situation clearly before talking about it!

Director Liu was arrogant and his eyelids drooped and flipped through the information casually. But just as he opened the cover and exposed the title page, the drooped eyelids suddenly jumped, his hands trembled, and he almost jumped up!

On the title page, there are two pictures of calligraphy, one is the "Huitong Tianxia" written by the Prime Minister, and the other is the "Three Services" written by Secretary Kang!!!

Director Liu's hands were a little shaking, and he could hardly hold on to the light propaganda brochure. Turning back a page, he found that it was a photo of Ms. Wu Xiaomei, chairman of Xinyi Corporation, National People's Congress representative, and a large number of senior leaders. A large number of ministers of major ministries and commissions, secretaries and governors of various provinces... Those photos alone were bound into a large book. All the officials taking photos were all provincial and ministerial levels and above.

When he turned to the back, Director Liu saw that even the provincial party secretary of their province had a photo with Sister Mei. It seemed that the two were having a good conversation. Seeing the provincial party secretary's smile, Director Liu's smile was completely gone and his whole body was cold.

"Ahhh... The promotional materials printed by your store are very exquisite!" Director Liu came to his senses and smiled, "It's very good, can I bring one back? I especially like the calligraphy of the two old men, Prime Minister and Secretary Kang, and go back to copy it."

"Of course there is no problem." The branch president smiled, knowing in his heart what Director Liu was going to do.

Immediately, Director Liu couldn't sit still and said that there were other things. He turned around and said: "It's not a big deal, it's a routine. Xinyi Huitong has made so much contribution to our Hangzhou City. In fact, it's the same whether it is checked or not, it's the same."

After running away, Director Liu immediately came to the mayor's place.

"Why did you come back so soon? Is there any result or a problem?" asked the mayor.

"No, look at this." Director Liu handed the brochure to the mayor in a trembling manner.

After seeing it, the mayor trembled his hands even more than Director Liu. In the officialdom, the higher the level, the more he was, the more he was more afraid of the leader. Because the closer he was to the above, the more he knew the terrifying energy of the superior, and the higher he was, he could not bear the coldness of the high place.

"Mayor, when I saw this brochure, I didn't dare to continue to check it out. I found a reason to come back and report to you first."

"You did it right. No wonder there was no movement in other cities. Lovers know the energy of Xinyihuitong. Let's not jump out, so as not to look ugly."

...

This is true in Hangzhou, such as Jinling, Chang'an, Harbin City, Tailian and other domestic first-tier cities. Everyone is concerned about political achievements and fiscal revenue, but compared with the black hat, these things seem insignificant.

As for the capital, Shanghai and other super first-tier metropolises, it is not so troublesome. The city leaders are all provincial and ministerial-level cadres, with a wide range of hands and eyes, and have long known the energy behind Xinyi. The mayor of Shanghai once personally asked Zhang Tianding, completely in a tone of discussion, to see if Xinyi Group can slow down on some real estate companies. Those are state-owned real estate companies in Shanghai. If they go bankrupt, the impact will be too great.

This is an attitude of negotiation. Of course, Zhou Dongfei and Sister Mei will not be embarrassed. However, the strong capital leverage ability of the banking industry has been fully demonstrated this time.

Sister Mei couldn't help but sigh: No wonder even the middle school textbooks say that financial oligarchs are the strongest oligarchs; no wonder Rothschild's first head of the family said that as long as he controls the issuance of currency in a country, he can surpass the laws of the country. All economic behaviors revolve around the word "money". As an industry that directly "plays with money", the financial industry has a huge influence. It can play a leverage role and amplify the capital energy that you can control by ten times or dozens of times!

Especially Zhou Dongfei's choice was accurate this time, just in the delicate period before the real estate company was about to collapse, so the energy that could burst out was even stronger.
Chapter completed!