vrcanaries Chapter 599: Pillar Industries
Chapter 599: Pillar Industries
Zhao Jinshan took out a folder and said with a smile; Weidong, I listen to you, and cleared all the American stocks before the Spring Festival! When I was clearing the positions, I saw that the Nasdaq was still rising. I feel at a loss.
But now it seems that you are still right. It has only been more than a month since my stocks were cleared, and the NASDAQ in the United States has begun to fall! If I leave a month later, I'm afraid I will be trapped.
This is the beginning. I predict that this time the US Nasdaq index may have to fall for a year or two. Li Weidong said.
The Internet bubble in the United States finally burst.
The hidden dangers brought about by blind investment in the Internet industry in the past few years are finally revealed at this time. In the next two years, US technology companies will wipe out 5 trillion US dollars in market value, and only half of the Internet companies in the United States can survive until 2004. Until the Internet rises again.
I only heard Zhao Jinshan continue to say; I sold the stocks in the United States and returned some funds. By the way, I took four large coal mines in Inner Mongolia. The scale is not bad, and the annual output exceeds 1 million tons.
Originally, there were several powerful opponents, and the competition between them was fierce, but the State-owned Assets Supervision and Administration Commission over there heard that I wanted to pay in US dollars, and immediately sold four or four mines to me.
I heard that they are going to build a petrochemical project and urgently need to purchase a batch of imported equipment. They are short of foreign exchange. You say it's a coincidence, but I just happened to be met! The file is here, take a look.
Li Weidong took the file bag, opened it, and looked at it. Although the scale of these four coal mines is far inferior to that of Taifeng Mine and Taisheng Mine, once the coal price rises in a few years, it is no problem for each mine to earn two to three hundred million yuan a year. .
The days of tightening our belts are coming to an end, and if we continue, the golden decade of coal bosses will come soon, Li Weidong thought to himself.
Not far from the textile wholesale mall, the small household appliance wholesale mall invested by Li Weidong has also been completed.
Ma Zhongyi led the way and led Li Weidong around the mall.
Brother Ma, you have worked hard this year! Now that the small home appliance wholesale city has been built, you should rest for a few months before we start the next project. Li Weidong said.
There's another project? You don't plan to let me go home to hold my grandson! Ma Zhongyi smiled bitterly.
Hold a grandson? Are you rich with children? Li Weidong asked.
Well, the rich daughter-in-law is pregnant, and it has been five months. Ma Zhongyi continued: I originally planned to finish this project and go home to see my grandson!
Brother Ma, you are only fifty years old, why are you so anxious, at least you can work for another fifteen years! Li Weidong said with a smile.
The Jia Fu they called was Ma Jiafu, the eldest son of Ma Zhongyi. After he got a high school diploma, he went straight to Xiaogou Electric Factory as a small leader.
Later, Ma Zhongyi was responsible for the construction of the mall, and Ma Jiafu followed Ma Zhongyi to the mall management company and was trained as Ma Zhongyi's successor.
The business of mall management companies is similar to that of property companies, mainly providing property services for tenants of wholesale malls.
As for the matter of renting, there is no need to worry about it at all. Since the completion of the expressway, every household in the textile wholesale mall is full of shops, and some businesses are rushing to rent. Even the second phase of the project completed last year was quickly filled.
Therefore, Ma Zhongyi usually focuses on construction.
In recent years, Ma Zhongyi has completed the construction of the second phase of the textile wholesale mall, completed the construction of the logistics park, and also completed the construction of the small home appliance wholesaler in front of him.
For Li Weidong, the small home appliance wholesale mall is only a part of his plan. He wants to turn Qinghe into a comprehensive wholesale mall. Textiles and small home appliances alone are not enough.
Li Weidong said: The Measures for the Administration of Housing Guarantees have been reviewed and passed. Although it is a trial version, I estimate that it will enter the implementation stage soon.
In the future, it will become much easier for ordinary people to buy houses with loans.
The year before last, the country had already stopped the policy of allocating housing for work units, and those who got housing last year were probably the last batch of lucky ones. Next, housing will enter the era of commercial housing.
I think that in the next 20 years, buying houses with loans will gradually become the mainstream of society, and the real estate industry will develop greatly, and even become a pillar industry in our country. We must not miss this good opportunity!
Are you planning to enter the real estate industry? Ma Zhongyi asked immediately.
Li Weidong nodded: When I first built the textile wholesale mall, I didn't outsource the construction work. Instead, I set up a construction company specifically for the purpose of developing into the real estate industry in the future.
If you are engaged in real estate, the capital investment should be relatively large? Ma Zhongyi asked.
The funds can be borrowed from the bank. However, according to my plan, we will mainly hoard land in the early stage, and build some upstream industrial chains. Wait three to five years before starting to build houses. Li Weidong replied.
In the early days of reform and opening up, urban housing was relatively tight. In order to solve the housing problem for employees, the state also encouraged units to build their own housing, and then distributed it to employees in the form of welfare.
When I got up early, the welfare housing of my work unit was also subsidized by the government. After all, the enterprises in that era were all state-owned enterprises, and their profits were handed over to the state. Naturally, they had to ask the state for money when they wanted to build a house.
After the reform of state-owned enterprise income tax, enterprises can keep part of their profits, and the welfare housing has evolved into enterprises paying the majority, and the government will provide certain subsidies; later, enterprises will simply pay all the money, and the government will no longer provide subsidies.
The unit raises funds to build welfare housing. At the beginning, it was all paid by the enterprise. After the housing was completed, the employees were divided into housing according to a series of criteria such as grade, length of service, age, family size, and housing availability. The conditions of each unit Different, but in general it's still a big pot meal.
Later, there was a form in which employees contribute part of the funds and the unit contributes part of the funds, which is equivalent to the fact that employees can buy a house with very little money.
Some companies with poor returns can’t afford the money, so they simply ask their employees to pay the full amount, but the full amount is mainly for construction costs, and the land is usually paid by the unit, so the cost of building a house is much lower than that of a commercial house, and it can still be regarded as a benefit .
In 1998, the State Council decided to stop implementing the system of allocating welfare housing for more than 40 years, and promote the monetization of housing allocation, that is, let everyone buy commercial housing.
This policy was officially implemented on July 1, 1998, and the welfare housing built before that was basically all distributed by 2000. After entering the 21st century, houses have become the biggest consumption in Chinese people's life.
Real estate has always been inseparable from finance. A house is so expensive, how can you afford it without a loan!
Therefore, as early as 1992, domestic banks started the personal housing loan business. The first personal housing loan in China was issued by the Shanghai Branch of China Construction Bank in May 1992.
In 1994, the Trial Measures for the Administration of Housing Guaranteed Loans was released, and housing loans have a clear legal basis in China since then.
The Trial Measures for the Administration of Personal Housing Guaranteed Loans issued in 1997 set the maximum ratio of housing loans at 70. At that time, the maximum loan period was 20 years. In 1999, it was raised to 25 years, and then changed to 30 years.
In April 1998, the country officially launched the Personal Housing Loan Management Measures, and since then, personal housing loans have been fully opened.
However, in that era, for most people, buying a house with a loan was unacceptable.
At that time, the Chinese did not have the concept of advanced consumption, and most people were still keen on saving. For ordinary people, it is unbelievable to spend the rest of their life money in advance to buy a house! Many people even think that going to a bank for a loan is a shameful thing.
Therefore, the people who handled the mortgage business in the early days were basically businessmen from the Jiangsu and Zhejiang generations. The daring character of Jiangsu and Zhejiang people made them the first batch of house slaves in China, and also allowed them to enjoy the first wave of benefits of commercial housing.
In addition to the constraints of traditional concepts, in the 1990s, the conditions for personal housing loans were much stricter than they are now. With the loan standards at that time, it was difficult for ordinary people to obtain loans from banks.
For example, there was no housing provident fund system in China at that time, but many units would provide housing subsidies to employees, and when banks approved loans, they would consider whether applicants had housing subsidies as an important factor in approving loans.
If the unit has housing subsidies, it is easier to apply for housing loans, but if the unit does not have housing subsidies, it is more difficult to apply for housing loans.
Another example, according to the regulations at the time, applying for a personal loan required a guarantee from a unit or individual with repayment ability, but when it was actually implemented, banks often only accepted unit guarantees, and ordinary units were not enough, they had to be government agencies, public institutions, or state-owned enterprises , the bank will approve. It is very difficult for employees of private enterprises to obtain loans.
In short, if screened according to the standards at that time, most people would not be able to apply for housing loans.
The state also realizes that the loan standard is relatively high, but the threshold for loans cannot be directly lowered to avoid credit risks, so in 2000, the Regulations on the Administration of Housing Guarantees for Home Purchases was issued to legalize housing guarantee companies.
With the home purchase guarantee company, it becomes easier for ordinary people to apply for loans, which successfully stimulates the entire mortgage market.
The most immediate effect is that in the second year after the Administrative Measures were promulgated, the Wenzhou real estate speculators group was born.
If there is no guarantee company and the qualifications for mortgages are still as strict as before, the Wenzhou real estate speculators group will not have so many resources to speculate in real estate.
Without real estate speculators, house prices may not be cheap, but they are more rational than they are now.
It is also after the implementation of the Administrative Measures that buying houses with loans has become more and more common, and China's real estate has also begun to develop rapidly, becoming a pillar industry of the Chinese economy.
Just entering the 21st century, the era of welfare housing has just come to an end, domestic housing prices have not yet started to rise wildly, real estate can only be regarded as a good profit, not a huge profit.
Therefore, Li Weidong didn't plan to build buildings at this time. If he had the money, taking advantage of the cheap land and building a few more pieces of land would definitely be more profitable than building buildings.
In addition, Li Weidong also took a fancy to another industry related to real estate, which is the building materials industry.
In the next two decades, with the rapid development of China's real estate industry, the building materials industry will also move forward bravely. As long as a house is built, various building materials must be used. The more prosperous the real estate industry is, the higher the building material industry will be.
I only heard Li Weidong continue to say; Next, I plan to build another ceramic products wholesale city.
Ceramic products? Ma Zhongyi thought for a while, and then said; I think it is enough to build an ordinary market, and there is no need to build a wholesale city! The demand of the market for those things is not as good as that of clothes, and the profit is not as good as that of home appliances.
As for clothes, one or two pieces are added almost every year, especially during the holidays, who doesn't buy a new piece of clothing. But porcelain such as bowls, plates and teacups are generally not replaced as long as they are not broken. There are several large porcelain bowls in my family that have been used for more than ten years!
Where did you go, the ceramic products wholesale mall I want to build is not selling bowls, plates and teacups, only selling bowls and plates can make a little money, I plan to sell ceramic building materials!
Li Weidong paused, and then said: We Qinghe has a lot of ceramic tile factories, what interior wall tiles, exterior wall tiles, floor tiles, waterproof tiles, can be fired, we just can use this 1. Superior resources.
Moreover, firing tiles will also cause pollution, so developed countries are gradually eliminating this industry. We can just make up for this industry and export ceramic tiles to foreign countries. In the future, our place will become an international wholesale mall!
After the ceramic products wholesale mall is built, we will extend to other building materials, such as plates, hardware, paint, doors and windows, composite materials, etc., to build a large-scale building materials mall!
The demand for building materials is relatively large, so it is very suitable for wholesale.
Moreover, ceramic tiles have a huge market in China, and there are also markets abroad. Compared with European and American countries, Chinese ceramic tiles are really high-quality and cheap. After joining the WTO, Chinese ceramic tiles only took about five years to destroy the foreign ceramic tile industry.
Not only the developed countries in Europe and the United States, even countries such as the Philippines and India that are poorer than China, their tile companies are also run on by Chinese tiles and have no food.
So after 2008, China's ceramic tile industry has to experience several anti-dumping investigations every year.
After all, firing ceramic tiles consumes a lot of energy, and there will be a certain amount of pollution. Later, the country rectified the pollution problem, and the small domestic tile factories basically closed down. The low-end tile manufacturing industry moved to India and Southeast Asia. Most of the rest of the country It is some brand enterprises.
Li Weidong intends to enter the field of wholesale building materials to lay the foundation for future real estate development, and there are many ceramic tile companies in Qinghe, so Li Weidong chose to use the wholesale mall of ceramic products as an entry point.
Ma Zhongyi has been engaged in construction for these years, and he is quite familiar with building materials. After a little thought, he understood Li Weidong's plan.
The demand for ceramic tiles is indeed quite large. Even for an ordinary building, at least two to three thousand square meters will be used. We also have the advantage of the production area, so we can do business in the ceramic tile wholesale market.
Ma Zhongyi paused, then continued, But the problem is that we have no money! It took a lot of money to build this small home appliance wholesale mall. The rent collected from the textile wholesale market this year, in addition to repaying the purchase price of the building material dealers , the rest has been repaid the bank loan, and now the mall management company has no money in its account.
Then go ahead and get a loan from the bank! Li Weidong said.
I'm afraid this is a little difficult. The loan of the small household appliance wholesale mall has not been paid off. I guess if I want to get a loan from the bank, at least I have to wait until the small commodity wholesale mall is in normal operation. The bank knows that our project is repayable. It was loaned to us. Ma Zhongyi said.
Li Weidong frowned. If the bank didn't grant the loan, then there really wouldn't be enough funds to build this ceramics wholesale mall.
Before the country opened the price of coal electricity, most of Li Weidong's funds were tied up in coal mines, including the equity of the Puppy Group, which was mortgaged to the bank.
Fukang Engineering, Fukang Agricultural Machinery and Puppy Health all have their own research and development projects, and they have no extra funds.
Now Li Weidong is in the period of tightening his belt, and really can't spend a lot of money to build a ceramic products wholesale mall. If he wants to continue this project, he can only rely on bank loans.
We have to find a way first! Li Weidong thought to himself.
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