Chapter 475: Currency Flood(1/2)
"Lao Xu, if you want to ask me for anything, just tell me directly. Are you having financial problems?"
Chen Jie was not an ordinary person. He could tell at a glance that something was wrong with Xu Jiayin's state today and kept pouring him tea, so he guessed that it was probably related to money.
After all, he also has relatives who come to Huanan City from time to time to borrow money from him. Their appearance is no different from that of Lao Xu now.
"Hey, Brother Chen still understands me."
Xu Jiayin smiled sheepishly, with a somewhat bitter expression: "This year's financial crisis, banks are tightening lending, and we at Evergrande have also been affected. Coupled with the failure of the IPO, we have some cash flow problems."
"So, I thought of you, Brother Chen, and I hope you can help me get through this crisis. I, Xu Jiayin, will guarantee the interest and principal with my personality and will definitely return them on time!"
With that said, he risked his life, hunched over and moved in front of Chen Jie, half-knelt down with a plop, and held Chen Jie's hand tightly, as if if you don't help me, I won't get up.
"Lao Xu, what are you doing? Get up! I'm going to get angry if you keep doing this. With our relationship, how can I not help you if something happens?"
Chen Jie was startled. He didn't expect Lao Xu to be so anxious, so he quickly helped him up.
He has known Xu Jiayin for several years. Although the two have not cooperated much, they still have some friendship, and he admires Xu Jiayin's talents in the real estate industry very much.
It is not easy to start from scratch and reach where we are today.
Not to mention that both parties are large private enterprises in the Pearl River Delta region, so they should support each other.
Therefore, he thought for a moment and said simply: "How much money do you need? Let me see if there is any in the company's account. If there is, I will have the finance company transfer it to you immediately. If not, we can think of another way."
When Xu Jiayin saw this, he was greatly moved and secretly thought that he had come to the right place.
Although after joining the WTO, China's economic level has grown rapidly, and various business celebrities and new forces for making wealth have emerged one after another.
But even so, looking at the entire South China region and even the country, there are still only a handful of rich people with hundreds of millions in cash flow, and among them, Chen Jie is definitely one of them.
He knows very well that in this financial turmoil, a real estate company of the size of Evergrande will have financial problems and will likely go bankrupt if it cannot survive.
But if someone is willing to give him a hand, it will be a different story.
He made an estimate in his mind and said with some lack of confidence: "It will take about 3 billion to solve the funding problems of several of our projects..."
"That's it?"
Chen Jie breathed a sigh of relief.
If it's just a few billion, he doesn't even need to go through Infinity Head Office, the fund company can get it.
"Yes, as long as we can restart several of our projects in Fangcun and solve the recent bank loan problems, we should be able to turn around in the future."
Xu Jiayin said this, but in fact he was still a little uneasy inside.
Cash flow is the blood of real estate enterprises and a necessary condition for enterprises to maintain normal operation and development.
Evergrande's current debt ratio is very high. Three billion can indeed solve his immediate needs, but if the subsequent bank policies are still not liberalized, he will still face the problem of financial constraints.
At that time, I'm afraid I'll have to find someone to borrow money again to fill the hole.
Fortunately.
At this moment, Chen Jie seemed to have read through his mind, frowned and said: "Old Xu, I'm afraid three billion is not enough? In addition to revitalizing a few projects, do you still have money to acquire land?"
"I have also seen the properties of Poly, China Merchants, China Overseas and other state-owned enterprises and developers. To be honest, the quality is not as good as yours, let alone the service and business strategies."
"Following this trend, I dare say that in the next ten years, the real estate industry will definitely be dominated by private housing companies!"
"So, I am willing to spend 5 billion to help Evergrande increase its capital and shareholdings and improve its financial situation. What do you think?"
"Okay! That's great!" Xu Jiayin was overjoyed. He held Chen Jie's hand tightly, shook it up and down a few times, and sighed: "Brother, you don't know, the company's financial problems have caused problems like mine."
Yue is so anxious that he can't eat every day. He begs grandpa and grandma everywhere. I have no choice but to find you. If you are not willing to help me today, I will go to Xiangjiang to find Dadihui!"
Xu Jiayin said it sincerely. He has lost a lot of weight in the past few months. He is being pressed for payment by downstream suppliers almost every day. He has to answer the phone and has to make excuses with smiling faces.
Even though he looks like a big boss and looks very impressive on the outside, he is still in a terrible state when he is being collected for debts.
"Those people from the Earth Society are all old foxes who eat people without spitting out their bones. How can you go find them?" Chen Jie said with a straight face and intriguingly, "Last time I saw the news, you said you were a "farmer's son."
, it can’t be a lie, right?”
"It's absolutely true!" A trace of embarrassment flashed across Xu Jiayin's face, but he quickly said seriously: "I'm not afraid of your jokes, brother. I come from a rural family. I not only farmed, but also worked as a mason. My father is still farming in his hometown in Zhoukou.
I have grown many fruit trees, who dares to say that I am not a farmer’s son?”
"That's fine. I hope you don't forget your original intention and don't create any shoddy projects. Otherwise, if you say you know me when the time comes, I really can't afford to embarrass that person." Chen Jie smiled and joked.
"That won't happen. We at Evergrande attach great importance to word-of-mouth and brand image. If we do this, others will dig up my ancestral graves."
Xu Jiayin made a stern promise on the spot.
These days, it is true that some construction contractors use inferior building materials and construction methods for personal gain, resulting in the quality of the project not being guaranteed, but this definitely does not include Evergrande.
If the real estate industry wants to develop in the long run, it must pay attention to market reputation in order to attract more customers.
His strategic plan is not just about the present. It is a fool's idea to sacrifice the future for the slightest immediate benefit.
This chapter is not over yet, please click on the next page to continue reading! Chen Jie nodded, asked Xu Jiayin to sit down again, poured him another cup of tea, leaned on the sofa and said: "Old Xu, we are the only two here today.
, I don’t mind revealing a little bit of news to you either.”
"In two months at most, the higher authorities will announce a package of economic stimulus plans to stabilize the momentum of economic development."
"Don't worry about the banks. They will relax their lending policies again soon and even ask you to take out loans."
"Moreover, the scale of this round of fiscal release is absolutely unprecedented. If nothing else, the real estate industry will be the biggest beneficiary. You must take advantage of it..."
Chen Jie spoke in a relaxed tone, as if he was talking about family matters, but Xu Jiayin, who was sitting on the sofa, felt a turmoil in his heart.
He was able to build a real estate company as big as Evergrande from scratch. He had contact with countless government and business people, but he had never heard of such a big thing.
There was not even a hint of news from the outside world.
And my younger brother was actually able to know in advance.
This had to remind him of the former "advocate*" behind Infinite Company in South China City.
The rocket-like promotion speed has now reached the center and cannot be mentioned casually anymore.
If it were him, it wouldn't be surprising if he could get this news in advance.
"Lao Xu, you are a smart person, you just need to know some things yourself."
"Also, you don't have to worry about the company's listing. I still have some acquaintances on the Hong Kong Stock Exchange and can help your company provide some guidance."
Chen Jie, with the idea of helping people to the end, helped Xu Jiayin solve the whole problem.
The atmosphere in the office instantly became extremely relaxed, and the laughter of the two of them could be heard from the upper and lower floors.
I don’t know how much time passed.
Xu Jiayin glanced out the window. It was almost dark. He immediately stood up and said solemnly: "Brother Chen, you helped me too much today. I know you don't like extravagance and waste. I have asked your sister-in-law to do it."
There is a table of food, how about you come to my house for dinner today and the two of us have a drink?"
Chen Jie originally wanted to refuse, but after moving his arms, he still couldn't resist the enthusiasm of Lao Xu, a "real estate man", and finally had no choice but to agree.
A few days later, Evergrande Real Estate invested 15% of its shares in Infinity Company and obtained RMB 5 billion in financing.
Since then, Evergrande’s crisis has been alleviated.
After Xu Jiayin solved the liquidity problem, he was not idle. In just over 20 days, he invested a huge amount of 1.4 billion in coastal areas and acquired 9 urban residential land.
It has become one of the few real estate companies that bucked the trend and expanded in this financial crisis.
November 18, 2008.
After the international financial crisis broke out.
China's economic growth has dropped rapidly, exports have experienced negative growth, and a large number of migrant workers have returned to their hometowns. The economy is facing the risk of a hard landing.
In order to cope with this crisis, the country has launched ten measures to further expand domestic demand and promote stable and rapid economic growth.
According to preliminary calculations, the implementation of these ten major measures will require an investment of approximately 4 trillion yuan by the end of 2010.
It is mainly used for investment in infrastructure construction, livelihood projects, post-disaster recovery and reconstruction, technological innovation, energy conservation and emission reduction, and ecological engineering.
Among them, infrastructure construction is a top priority, including the construction of railways, highways, airports, water conservancy, electricity and other projects.
Stimulated by this good news, the Shanghai Composite Index soared by more than 300 points that day, approaching the 4,600-point mark, and the stock market ushered in a year-end red envelope market.
Some investors who were trapped at 6124 have even managed to get out of the trap and made a lot of profits.
Looking around, there are cheers and laughter everywhere.
The National Happiness Index reached its peak this year.
After the news of the package plan was announced, Lin Zeju couldn't help but run to Chen Weidong's office to express his excitement.
"Awei, you are really amazing! It's exactly the same as what you said before!"
"Don't make a fuss about things that are expected. When the economy is bad, there will always be various stimulations. You will get used to it in the future."
Chen Weidong acted very indifferently, because this was like an open-book exam to him, and there was nothing new about it.
However, he still admires the foresight of the higher-ups for being able to launch a 4 trillion stimulus plan in a drastic way.
This is not just a matter of vision, but also courage and determination.
Even if there are many different voices in later generations, so what? Overall, the advantages outweigh the disadvantages.
To be continued...