The Industrial Giant Reborn.

Chapter 443 Three-party mutually beneficial cooperation

"Although there are still some struggles behind the scenes about the exchange rate crisis of the Hong Kong dollar, we don't have to touch this kind of thing." Chen Zhiwen said again, mainly because there is no interest anymore, because the exchange rate will definitely not change. Behind it is the mainland and the In the UK, those small-scale hot money cannot become a climate at all. The most important thing is that there is no leading figure like Soros.

"Understood." Huo Jianning and Zhou Jiayang expressed their opinions almost at the same time, and then Huo Jianning said: "Sheng Chen, the problem now is that we have too many Hong Kong dollars in our hands, and banks cannot directly participate in investment. Coupled with the current situation of the Hong Kong dollar, It is also inconvenient for us to convert the money into foreign currency and leave.”

If you exchange the U.S. dollar at this time, it will step on the Hong Kong government in turn. They will not do such a thing. The British Hong Kong government may not be very good sometimes, but no matter what, it is for Hong Kong on the surface. Okay, even if the main purpose is for British capital in Hong Kong, and now everyone is in the same boat. If the Hong Kong dollar collapses, Hisense's foundation will be gone.

"First pay off the loan from HSBC. For the rest, you should find some companies that have a lot of land but may have insufficient mortgages or problems with their capital chain, and negotiate with them for second loans. While reviving them, Hisense can also let them go. Although the funds in our hands are mutually beneficial, the advantage is still on our side. We must strive for the maximum benefit. We just need to ensure that the other party does not die." Chen Zhiwen thought for a while and said.

The previous profits have already removed HSBC's loan. The US$9 million lent to Hisense from overseas will be slowly transferred out after the Hong Kong dollar exchange rate is completely stabilized. What is left is at least HK$100 billion in net profit in Hisense's hands, plus the previous During the Hong Kong dollar exchange rate crisis, users were required to use Hisense accounts to exchange US dollars, which also led to a large number of new users coming to Hisense to open accounts, and many of them were middle class or wealthy people. Although only a small number of people came to save money, it was not good for Hisense. The deposit business is also a big help, but it seriously increases the pressure on loans, especially in the current real estate market. If it cannot develop, there will be no borrowing requirements.

Not to mention so many profits, even too many deposits are too much.

However, although Hisense also needs to lend money out, it is not a matter of life and death. At most, it will be a little bit better, but those companies whose capital chain is destroyed will go bankrupt if they cannot get loans.

"Okay, what about the residential housing market?" Huo Jianning asked. Although each of the corporate loans is large in scale, the loans in the residential housing market are not bad either, mainly because of the large number.

"In the current civilian housing market, there are often a large number of defaults?" Chen Zhiwen asked.

"Yes, and there are more and more." Huo Jianning said: "When the economic crisis just broke out last year, there was a wave of defaults, but it was a large number of house seizures because the leverage was very high, and the capital chain was broken after the housing prices fell. In the end, the only option is to default. In the early stages, ordinary families with normal borrowings can still afford it.

But as time goes by, and the economic situation has been deteriorating, many people have even lost their jobs. In this case, more and more people are forced to default and lose their houses. Some people even choose to jump off the building. He committed suicide. There are more and more such things in newspapers recently. "

"It's a bit miserable." Chen Zhiwen nodded. He seemed to have seen such a thing in the newspaper some time ago. Once the housing loan cannot be repaid and defaults, the bank has the right to take it back and then auction it. At the current house price, In addition, it is a foreclosure house, and the transaction price is very low. In other words, many people bought the house at a high price and paid off the mortgage for several years. In the end, because they lost their jobs, the house was auctioned at a low price. Even because of the plummeting house prices, the auctioned houses were sold at a very low price. There is not enough money to repay the bank loan.

In other words, a large down payment and several years of loan repayments are all gone, and in the end you are still in debt. Most people really have no chance to turn around again. People like Shi Yuzhu and Yang Shoucheng who can get back into debt can earn tens of millions of dollars. probability of one.

But there is nothing we can do. This is the most basic operating rule of the commercial society. Many people are making trouble against developers, but if house prices rise, they don’t seem to be able to make up the difference, right?
"Sheng Chen, since we are all optimistic that the real estate market will recover or even get better in the future, we might as well give it a try and issue a second mortgage on some residences. In this way, we will have more customers and can ensure the normal life of many ordinary people in Hong Kong. " Huo Jianning said.If he had invested in a house raid before, he would not have any sympathy and would be responsible for his own speculation. But now many ordinary people are also in such difficulties, which makes him deeply touched, because when he was a child, his family also had Troubled by loans, I almost went bankrupt.

"The second mortgage doesn't make much sense. The amount won't be very high. It also requires one-by-one investigation. It's too troublesome to retrieve data from the bank that made the first mortgage. The cost will be higher. It's not cost-effective. Moreover, We have to consider whether someone will find loopholes in it and take advantage of us." Chen Zhiwen shook his head and said: "Actually, there is a simpler way. We can make more profits. We can directly learn from Europe and the United States and buy many banks. The loan is directly transferred to our bank. In this way, our funds are equivalent to being lent out, and the residential owners are also transferred to our Hisense Bank. And ordinary banks will be happy to accept such transactions. Currently, Hong Kong Many banks are not doing very well either.”

"Buy their loans directly? I did learn this kind of financial transaction when I was in the United States, but the United States has complete financial tools. In Hong Kong, we can only negotiate directly with the bank." Huo Jianning thought for a while and said.

"If it's a high-quality loan, they probably won't sell it to us. If it's a higher-risk loan, we'll charge a higher price. Anyway, they will think that many residential owners will not be able to repay their debts. Once this happens, banks need to If you invest manpower and material resources in auctioning and going through legal procedures, you may not be able to get your money back in the end, so you might as well sell it to us at a low price." Chen Zhiwen nodded and said.Loan contract transactions are actually very common in Europe and the United States. One bank felt that the loans of some of its users were a bit unsafe, so it packaged them and put them on the financial market for sale. The price was naturally relatively low, and some banks or financial institutions thought it was okay. You can take over.

Some banks are even more playful, packaging loans and buying insurance, and then selling the insurance as shares, completely turning it into financial derivatives. This was one of the biggest reasons why the subprime mortgage crisis broke out in 08.

Hong Kong does not have this kind of experience, but in essence they are all financial transactions. To exaggerate a bit, if the bank fails and is acquired, the loans will also be transferred. Now it is just selling part of the loan business.

"Okay, then I'll go talk to several other Chinese banks. Maybe they will be interested." Huo Jianning nodded and said.

"Well, if you still can't repay your mortgage later, check why. If it's because you're unemployed and you only have one house, you can extend it appropriately. Although it's a business rule, we don't have to stick to the rules, but we have to make sure that the other party is You can only do this if you really have no choice but to repay the loan," Chen Zhiwen said again.

"Understood, Chen Sheng." Huo Jianning agreed. At the same time, he also felt that he was really following the right boss. Everyone wanted to make money, but they would not ignore the lives of ordinary people for a small profit.The boss's strategy can be described as killing three birds with one stone.

"In fact, this is also a good thing for our bank to increase its reputation. It will not embarrass those who cannot repay their loans due to special circumstances. Once the reputation is out, more people will come to do business with us." Chen Zhiwen added.

Banks in Hong Kong are not having a good time these days. In addition to being unable to get loans like Hisense, the bigger worry is that there will be a large number of defaults. This matter is very troublesome. Not even the Hong Kong government or any country wants to see this happen internally. thing.

If you are optimistic about the real estate market, then you can buy a large number of residential loan businesses from other banks at low prices. When housing prices rise in the future, everything will naturally be no problem, even if the owners have no jobs.

To be more troublesome, if there is still a breach of contract, Hisense can also take back the house and hand it over to Hutchison Whampoa for management. However, this is not their original intention. With the current scale of Hisense and Hutchison, there is no need to deal with being trapped and trapped. Chen Zhiwen would not do this deliberately when people who took loans or even lost their jobs competed for profits. There were many ways for his group to make money, and there was no need to make such small money that meant that he did more with less money and brought a bad reputation.

Unless you really have no money, you can also discuss what to do. For example, if a family member is seriously ill, you can also ask the Huagang Charity Fund to provide funding, etc.Anyway, such a large-scale group today always makes a lot of charitable donations every year. Helping real people is much better than building a library.

"Another point is that for those who can afford to repay, if it is just financial difficulties, they can appropriately extend the loan repayment time or suspend loan repayment. However, when the economy improves in the future, they will need to exchange for higher interest rates. This is basically the idea. , we do charity, but it is also for the extremely poor people. If other people want to get benefits, they must pay the price." Chen Zhiwen said again.

He is still happy to do some good deeds to help ordinary poor families while he is making high profits, but if other people are not in super difficulty, then forget about it. Everything should be done according to business rules. In fact, no matter how bad the economy is, there is only A small number of people are forced into a desperate situation, and many others may have temporary difficulties. For these people, business rules can be used to help. For example, if you are in difficulty now, I can help you reduce your loan repayment pressure, but if your economy recovers in the future, then You have to pay me more.

It's a fair deal. Both parties agree. It doesn't matter if you don't agree. Just follow the original contract.

(End of this chapter)