Rebirth of the Financial Crisis Sweeping the World

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After making some arrangements, Wang Guanxi also left the Blackshirt Group.

Today is the Double Ninth Festival, and many Hong Kong people have returned to Guangzhou to worship their ancestors.

There were many cars traveling on the street early in the morning.

Festivals in Hong Kong are generally holidays based on Chinese customs. Among them, Qingming Festival is a spring festival, and Double Ninth Festival is a holiday. It is logical that it is an autumn festival. Therefore, worshiping mountains on Double Ninth Festival is a long-standing custom of Hong Kong people.

During the Double Ninth Festival, Hong Kong citizens either go up to the mountains with their families or visit the tombs of their ancestors.

Tomb sweepers usually work as a unit of one or several families, bringing rich offerings and incense candles to pay homage to their ancestors.

This year, because my parents are busy at the Shenzhen Textile Industrial Group in Shenzhen City and I have settled in Shenzhen City, I worshiped my ancestors in Shenzhen City in the morning and returned to Hong Kong in the afternoon.

Wang Guanxi bought two bottles of water and took a taxi back to Shenzhen City.

It was exactly 8:10 in the morning when we returned to the villa at Yinhu Villa in Shenzhen City.

The two nannies hired by the family have basically prepared everything.

They are roasted pigs, three-animal wine ceremony, as well as utensils such as bowls, chopsticks, cups and plates, sickles, etc. Two copies are prepared at the same time, one for use in Shenzhen and one for use in Hong Kong.

Mo Yunzhen and Wang Junming had also gotten up.

I have been busy at the Shenzhen Textile Industrial Group recently. Today is the Double Ninth Festival, plus the National Day bonus, the Shenzhen Textile Industrial Group has a three-day holiday.

Mo Yunzhen walked out and said, "I'm finally back. It was great that you came back last night. You don't have to get up so early this morning. Have you had breakfast?"

"Eat it," Wang Guanxi replied.

Mo Yunzhen asked again: "Is there a traffic jam in Hong Kong today?"

Wang Guanxi said: "It's not very congested."

Mo Yunzhen breathed a sigh of relief: "That's good. We have to go to Hong Kong to worship in the afternoon. The traffic jam is too heavy."

Wang Junming said: "Let's go and pay homage first, then rush to Hong Kong Cemetery Hill at noon."

At this time a voice came.

"Wait for me!"

"I'm going to pay my respects too and let my uncle bless me to continue to make money next year."

Cousin Wei Dezhou also came.

Originally, Wei Dezhou did not go to worship on the Double Ninth Festival, but only on the Qingming Festival.

Speaking of which, he didn't go to worship during the Qingming Festival in the past few years because he wasn't doing well and the ancestral graves didn't bless him.

However, I went to worship during the Qingming Festival this year, and I got rich this year. I am already worth tens of millions. Logically speaking, it must have come from my ancestral grave.

But he felt that it was not his father, and his grandfather was blessing him, because he had worshiped for many years before and was not prosperous. However, after worshiping this year, he became prosperous.

This prosperity was achieved by him and his cousin Wang Junming.

And this uncle, Wang Guanxi's grandfather, must also be blessing him underground. This time he wants to pay homage and strive to continue to prosper next year.

Wang Junming said: "You haven't worshiped for many years. Remember to repair your grave this year."

"That's natural." Wei Dezhou chuckled: "Today I happened to be mowing the grass for my uncle's grave."

Then he said to Wang Guanxi: "Guanxi, be my car and let's have a good chat."

"Okay" Wang Guanxi got into Wei Dezhou's car.

Then the two Land Rovers left Silver Lake Villa.

An hour later we arrived at our destination, which was a mountain of graves.

After finding the grave, we then clean up the weeds and rubbish beside the grave and begin to worship.

"Uncle, please wish me to continue to make a fortune next year." Wei Dezhou knelt in front of the grave.

"Dad, I offer you incense and worship every year. You will finally do your best this year. Otherwise, I would be unemployed and I would not have time to repair the grave this year." Wang Jueming thought about the hard days of these years,

Before, he planned to make a down payment of 2 million for a house in Shenzhen City. Fortunately, he did not do so at that time. Otherwise, if housing prices plummeted and he lost his job, he would be doomed.

Then Mo Yunzhen and Wang Guanxi also offered incense.

After the worship service, everyone had lunch in a restaurant.

At lunch, Wei Dezhou was bragging, saying that he had negotiated several big projects with several bosses, and that several CEOs of listed companies had approached him for cooperation and wanted to give him orders.

Although Shenzhen Textile Industrial Group has various factories and machinery and equipment, it is only a small company now.

Due to the impact of the financial crisis, orders throughout Southeast Asia have dropped sharply. The entire Shenzhen Textile Industrial Group has previously carried out major layoffs. Now it has less than 200 employees, few orders, and only one production line in operation.

Under the hard work of former chairman Zhou Hongtian, the entire group company was losing RMB 100,000 every month.

Because there are only so many orders, a long-term line requires 50 people, and the company still has 200 people. Including the maintenance of factories, machinery and equipment... and various expenses, it needs to spend 700,000 per month, and the revenue brought by the order It was 600,000, with a net loss of 100,000.

Fortunately, most of the employees who have no work to do are paid the minimum wage, otherwise they would lose even more.

Now we just wait for the economy to improve, and then foreign customers will place a large number of orders, otherwise we will continue to lose money.

Wang Guanxi said: "Cousin, please stop bragging. The financial crisis is very serious now. Even if bosses like them give you orders, you should not take them for the time being. If they default on the project payment, then Shenzhen Textile Industrial Group will Ruined"

After hearing this, Wei Dezhou took a deep breath and said, "Is this financial crisis really that serious? When will it end?"

“I don’t know when the economy will improve!”

After speaking, he lit a cigarette.

Wang Guanxi said: "Cousin, now the United States is bailing out the market, just wait."

Wei Dezhou sighed: "I don't know how long it will take."

At this time, a lot of big news came.

Hong Kong Wen Wei Po: [Economic tsunami floods Hong Kong-owned factories]

The Hong Kong industry estimates that in the face of the financial tsunami and credit crisis, more than 10,000 Hong Kong-owned small and medium-sized enterprises in the Pearl River Delta will face bankruptcy.

[Bankruptcies are common, and bosses often run away]

[A large number of orders have been canceled in Europe and the United States and payment has not been made, making the Pearl River Delta face the most severe moment in 20 years]

There were warnings at the beginning of this year, targeting the outflow of migrant workers and the difficulty of recruiting workers. Unexpectedly, just over half a year later, this problem has been replaced by the closure of companies and workers' unpaid wages. Hong Kong-owned factories are the first to bear the brunt. In many factories According to the boss, the current situation is just the tip of the iceberg.

[The wave of bankruptcies of small and medium-sized enterprises has not yet reached its most serious stage]

[Hong Kong-funded factories suddenly see a wave of closures]

Since 2007, Hong Kong's manufacturing factories on the mainland have been declining.

Most of the factories set up by Hong Kong companies on the mainland are mainly engaged in processing trade. Most of these manufacturing companies rely on low cost and low technology to occupy the market.

As the financial tsunami continues to spread this year, demand in Europe and the United States has dropped sharply, and the survival dilemma has suddenly turned into an existential crisis.

By early October, the crisis spread to large listed companies, such as Youwei International, Tailin Radio, Jinzhizunzhu, etc. The collapse of two large factories in Dongguan under the Hejun Group finally pushed this issue to the public.

According to data, at the end of September alone, nearly 50 Hong Kong companies filed for bankruptcy liquidation.

According to estimates by Hong Kong industrial legislators, more than 10,000 Hong Kong-owned small and medium-sized enterprises in the Pearl River Delta will face bankruptcy in the face of the financial tsunami and credit crisis.

For this reason, Chen Zhenyan, president of the Federation of Hong Kong Industries, said: Among the 70,000 Hong Kong-funded enterprises in the Pearl River Delta, a quarter, or 17,500, may go bankrupt by the end of the year.

"No one was willing to leave last year, and now some companies cannot survive without leaving." A managing director who packed up his factory and returned to Hong Kong sighed.

Xinhua News Agency: [The boss "ran away" and the government advanced his salary]

The case of "Yijinli", which produces high-end watches, is quite typical.

As a listed company in Hong Kong, after releasing a good quarterly report, it suddenly suspended trading a few days ago. Then it announced that it would sell its sales stores to Chow Tai Fook Company of the Zheng Group, and the factory also closed down.

"The senior bosses in Hong Kong can no longer be found," a helpless worker classified the situation as "escape".

In fact, the situation of Yijinli is pretty good. Zhuanjia explained that "the boss did not escape, but just remained silent."

According to the reporter's investigation, the phenomenon of business owners "disappearing" seems to have become a common thing.

Last week, the Shenzhen Municipal Labor and Social Security Bureau exposed a list of 30 employers that were in arrears with employees' wages, and required the legal representatives or principals of the units to be dealt with according to law within 30 days.

According to local news, this was done because most of the heads of these 30 companies have disappeared, and the government has advanced tens of millions of yuan in back wages.

Many workers chose to stay behind to defend fixed assets. Different from the workers' helplessness, some people became the winners of this "wave of bankruptcies", at least minimizing their losses.

"The warehouse manager of the factory engineering department has secretly sold at least more than 500,000 yuan of wires, cables and stainless steel since last month." In the deserted courtyard of a Hong Kong-owned factory, a worker named Wang who still insists on staying behind lamented.

Several other workers said that people from the company's security department also took advantage of the opportunity to steal the goods.

It is understood that although some bankrupt companies have been managed and liquidated by legal institutions, the phenomenon of asset theft and sale still occurs in endlessly.

In this regard, a local bystander said, "This kind of thing is very common, and many of them are asset transfers authorized by the boss!"

Due to the bankruptcy and liquidation of the company, the fixed assets have become the last guarantee for the creditors, so all parties are watching closely.

For example, at Behringer, a Hong Kong-owned factory that was placed under trusteeship on October 2, there was a situation where workers formed teams to compete with suppliers for goods.

“While having to go to the boss to collect debts, I also have to do security work at the same time.” A worker said quite helplessly.

Everyone was eating lunch and feeling the impact of the economic crisis!

The economy is getting worse and worse, and an economic tsunami has swept over us.

Wang Junming said: "We are losing 100,000 yuan every month, and we still have 30 million yuan on our books. We can lose money for five years without any problem. Now the economy is getting worse and worse. What the news says is absolutely right." , many, many companies are going bankrupt now, especially Hong Kong-owned factories.”

Mo Yunzhen also said: "Fortunately you laid off 1,000 people before, otherwise the daily expenses would be unknown, not just wages, but also food and electricity bills."

She is the financial manager of the group, and she feels distressed seeing the money being spent every day.

Fortunately, 1,000 employees were laid off before, otherwise the company would have no orders and no idea what the losses would be.

Wang Guanxi said: "It's good that the group company is losing 100,000 yuan a month now. I don't know how many factories are closing now. Hey, by then we can buy several small factories and machinery and equipment at a low price."

Now that the wave of bankruptcies has broken out and housing prices are unsightly, after he finishes his work in Hong Kong, he will come to the mainland to buy a few low-priced buildings.

If you have no money, you can borrow money from the bank!

Blackshirt International Trust Company can lend money and buy a few low-priced buildings in Shenzhen, Guangzhou and Lushi. Just think about it and look forward to it.

Although the market value of Blackshirt International Trust Company was not high when it was acquired, and the acquisition cost 2.9 billion Hong Kong dollars, the assets of Blackshirt International Trust Company are high.

Total assets are US$1.55 billion.

Total liabilities are $572 million.

Listening to Wang Guanxi's words, Wei Dezhou nodded: "Yes, that's true. I actually have this plan. Biao, what do you think?"

Wang Junming said: "I'm a technical person. I'll leave this matter to you. Just make the acquisition."

Wei Dezhou said: "Okay, then we will acquire a small factory. Anyway, there are still 150 people in the company who are just eating idle food and have no work to do. It's really good for them to work. Hehe, we should still be able to set up a few small production lines. ."

Had lunch.

Mo Yunzhen and Wang Junming went to prepare for the afternoon worship service in Hong Kong.

Wei Dezhou asked Wang Guanxi who was drinking tea: "Guanxi, how many girlfriends do you plan to have?"

Wang Guanxi: "How many?"

Wei Dezhou said, "Well, how many?"

Wang Guanxi thought for a while and said: "I don't know yet."

Wei Dezhou said immediately: "Let me tell you, get a girlfriend as early as possible. Only if you get a few more will you know what kind of girl you like and what kind of girl is suitable for you."

"Uncle, I was so handsome back then and had good grades. So many girls liked me, but I missed one girl after another."

"Now they are either pregnant or their children are in kindergarten."

"And I'm still single"

"I used to always think about making money, and I forgot to ask the girl I liked to give me a baby."

"Now that we have money, we are old and still single."

Wang Guanxi said: "Cousin, you are not too old, you are only in your thirties."

Wei Dezhou lamented: "Oh, I'm over 30 years old, and if I want to pick up a girl, people think I'm old, hey."

Wang Guanxi: "..."

At this moment, Wang Guanxi was speechless. Is there something wrong with his cousin's health?

Can't have a baby?

Wei Dezhou added: "If I could go back to my life, I would definitely not be a good guy and miss one girl after another who could give me children in my innocent youth."

Wang Guanxi: "Uh? Then what do you want to do?"

Wei Dezhou lit a Jade Seal cigarette, looked into the distance with nostalgic eyes, and said deeply: "Be a scumbag, don't talk about debts, and live up to the encounter."

Wang Guanxi was stunned: "Cousin, you are quite artistic."

Then he asked: "Do you understand what I mean? Can you, young man, understand it?"

"Oh, you just think it sounds good, it's just literature and art. You still don't understand this life."

After speaking, Wei Dezhou flicked the cigarette butt, looking like he had gone through many changes.

Wang Guanxi said calmly: "There are no scumbags in the world. They just want to be happy with the girls they like."

Wei Dezhou was suddenly shocked and looked at Wang Guanxi dumbfounded.

He never expected that Wang Guanxi could say such connotative and thought-provoking words, which were very reasonable and persuasive.

"There are layers!"

"Damn, you really have a realm. Cousin, I wish I had had your level of awareness back then."

Wang Guanxi smiled and said: "It's not too late, cousin, you are only 31 years old."

Wei Dezhou sighed: "I'm old, I'm old. My cousins ​​have worked hard to make money over the years and watched others give birth to children for others."

"Let's not talk about it for now. I'm going to the hospital."

Wang Guanxi: "......"