Rebirth of the Industrial Tycoon

Zhao Jinshan took out a folder and said with a smile; "Weidong, I listened to you and cleared all American stocks before the Spring Festival! When I was clearing out my positions, I saw that the Nasdaq was still rising, so I still I feel at a loss.

But now it seems that you are right. It has only been more than a month since I cleared my stocks, and the Nasdaq in the United States has started to fall! If I had left a month later, I might have been trapped. "

"This is the beginning. I predict that the Nasdaq index in the United States may have to fall for a year or two this time." Li Weidong said.

The U.S. dot-com bubble finally exploded.

The hidden dangers caused 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 US$5 trillion in market value, and only half of the Internet companies in the United States will survive until 2004. Until the Internet rises again.

Just listen to Zhao Jinshan continue to say; "I sold the stocks in the United States, withdrawn some funds, and acquired four large coal mines in Inner Mongolia. The scale is pretty good, and the annual output exceeds 1 million tons.

Originally, there were several strong opponents, and the competition between them was fierce. But when the State-owned Assets Supervision and Administration Bureau heard that I wanted to pay in U.S. dollars, they immediately sold four or four mines to me.

I heard that they were going to build a petrochemical project and urgently needed to purchase a batch of imported equipment. They were short of foreign exchange. What a coincidence, I happened to be there! The file is right here, take a look. "

Li Weidong took the document bag and opened it to look at it. Although the scale of these four coal mines is far smaller than that of Taifeng Mine and Taisheng Mine, there will be no problem for each mine to earn two to three hundred million a year once coal prices rise in a few years. .

"The days of belt-tightening are coming to an end. If we endure it any longer, the coal boss's golden ten years will soon come," Li Weidong thought to himself.

Not far from the textile wholesale mall, the small home appliance wholesale city 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 can rest for a few months before we work on the next project." Li Weidong said.

"What's the next project? You're not going to let me go home to have my grandson!" Ma Zhongyi smiled bitterly.

"Having a grandchild? Are you rich enough to have children?" Li Weidong asked.

"Well, the wealthy wife is pregnant and has been pregnant for five months." Ma Zhongyi continued: "I originally planned to finish this project and then go home to see my grandson!"

"Brother Ma, you are only fifty years old, why are you so anxious? You can at least work for another fifteen years!" Li Weidong said with a smile.

The "family rich" they call is Ma Jiafu, Ma Zhongyi's eldest son. After getting a high school diploma, he went directly to the Puppy Electric Factory as a small leader.

Later, Ma Zhongyi was responsible for the construction of the mall, and Ma Jiafu also followed Ma Zhongyi to the mall management company and was groomed as Ma Zhongyi's successor.

The business of a shopping mall management company is similar to that of a property company, mainly providing property services to tenants in wholesale shopping malls.

As for leasing, there is no need to worry about it. Since the expressway was built, every textile wholesale store has been busy, and some merchants are rushing to rent. Even the second phase of the project built last year was quickly filled up.

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, the logistics park, and the small home appliance wholesaler in front of him.

For Li Weidong, the small home appliance wholesale mall is only part of his plan. He wants to turn Qinghe into a comprehensive wholesale mall. Textiles and small home appliances alone are not enough.

Just listen to Li Weidong say: "The "Housing Property Guarantee Management Measures" have been reviewed and approved. 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 get loans to buy houses.

The year before last, the state had stopped the policy of allocating housing units to units. The group of people who got housing last year were probably the last lucky ones. Next, housing will enter the era of commercial housing.

I think that in the next twenty years, buying a house with loans will gradually become the mainstream of society, and the real estate industry will develop greatly, and will even become a pillar industry of our country. We cannot 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 did not 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 engage in real estate, the capital investment should be relatively large, right?" Ma Zhongyi asked.

"You can borrow money from banks. But according to my plan, we will focus on hoarding land in the early stage, and do some upstream industrial chains. We will wait three to five years before we start building housing." Li Weidong replied.

In the early days of reform and opening up, urban housing was relatively tight. In order to solve the housing problem of employees, the state also encouraged units to build their own housing and then distribute it to employees in the form of welfare.

When I got up early, the welfare housing in my work unit was subsidized by the government. After all, the enterprises in that era were state-owned enterprises, and all profits were handed over to the state. When building a house, you naturally had to ask for money from the state.

After the reform of the state-owned enterprise income tax, companies were able to keep part of their profits, and welfare housing also evolved into companies paying the lion's share, with certain subsidies from the government. Later, companies simply paid for it entirely, and the government no longer provided subsidies.

The unit raises its own funds to build welfare housing. In the beginning, all the money is paid by the enterprise. After the house is built, employees are allocated housing according to a series of criteria such as grade, length of service, age, family size, and whether they have housing. The conditions of each unit It’s different, but overall it’s still a big pot meal.

Later, a model emerged in which employees contributed part of the funds and the unit contributed part, which was equivalent to employees spending very little money to buy a house.

Some companies with poor profits cannot come up with the money, so they simply ask their employees to pay the full amount. However, this 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 commercial housing, and it can still be regarded as a welfare. .

In 1998, the State Council decided to stop the welfare housing allocation system that had been implemented for more than 40 years and implement the monetization of housing allocation, which means that everyone can buy commercial housing.

This policy was officially implemented on July 1, 1998. By 2000, most of the welfare housing built before that had been allocated. After entering the 21st century, houses have become the largest consumption in Chinese people's lives.

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 began the personal housing loan business. China's first personal housing loan was issued by the Shanghai Branch of China Construction Bank in May 1992.

By 1994, the "Trial Measures for the Administration of Housing Guaranteed Loans" was released, and housing loans had a clear legal basis in China.

The "Trial Measures for the Management of Personal Housing Guaranteed Loans" issued in 1997 set the maximum housing loan ratio at 70. The maximum loan term at that time was 20 years. In 1999, it was raised to 25 years, and then changed to 30 years.

In April 1998, the state officially launched the "Personal Housing Loan Management Measures", and since then personal housing loans have been fully liberalized.

However, at that time, for most people, taking out a loan to buy a house was unacceptable.

At that time, Chinese people did not have the concept of excessive consumption, and most people were still keen on saving. For ordinary people, spending the rest of their lives to buy a house in advance is simply unbelievable! Many people even think that going to a bank for a loan is a shameful thing.

Therefore, those who handled the housing loan business in the early days were basically businessmen of the Jiangsu and Zhejiang generation. The daring and adventurous character of the Jiangsu and Zhejiang people made them the first batch of housing slaves in China, and also allowed them to enjoy the first wave of benefits from commercial housing.

In addition to the constraints of traditional concepts, in the 1990s, the conditions for personal housing loans were much more stringent than they are now. Based on the loan standards at that time, it was difficult for ordinary people to obtain loans from banks.

For example, at that time, the country had not yet established a housing provident fund system, but many units would provide housing subsidies to employees. When banks were approving loans, they would consider whether the applicant had housing subsidies as an important factor in whether to approve the loan.

If the unit has a housing subsidy, it is easier to apply for a housing loan, but if the unit does not have a housing subsidy, it is more difficult to apply for a housing loan.

For another example, according to the regulations at the time, applying for a personal loan required guarantees from units and individuals with the ability to repay. However, when it was actually implemented, banks often only accepted guarantees from units, and ordinary units were not acceptable. They had to be government agencies, institutions, or state-owned enterprises. , the bank will recognize it. It is very difficult for employees of private enterprises to obtain loans.

In short, if they were screened according to the standards at that time, most people would not be able to apply for a housing loan.

The state also realized that loan standards were relatively high, but it could not directly lower the loan threshold to avoid credit risks. Therefore, in 2000, it issued the "Regulations on the Administration of Housing Guarantees" to legalize housing guarantee companies.

With the property guarantee company, it has become easier for ordinary people to apply for loans, which has successfully stimulated the entire housing loan market.

The most immediate effect was that the Wenzhou Real Estate Speculation Group was born the second year after the "Management Measures" were promulgated.

If there were no guarantee companies and the qualifications for mortgage loans were still as strict as before, the Wenzhou real estate speculators would not have so many resources to speculate in real estate.

Without real estate speculators, housing prices may not be cheap, but they will be more rational than they are now.

Also since the implementation of the "Administrative Measures", loans to buy houses have become more and more common, and China's real estate has also begun to develop rapidly, becoming a pillar industry of the Chinese economy.

When we just entered the 21st century, the era of welfare housing had just ended, and domestic housing prices had not yet started to rise crazily. Real estate could only be considered a good profit, not a huge profit.

Therefore, Li Weidong does not plan to build a building at this time. If he has the money, taking advantage of the cheap land and acquiring more land will definitely be more profitable than building a building.

In addition, Li Weidong also took a fancy to another real estate-related industry, which is the building materials industry.

In the next twenty years, with the rapid development of China's real estate, 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 is, the building materials industry will also rise with the tide.

Just listen to Li Weidong continue to say; "Next, I plan to build another ceramic products wholesale city."

"Ceramic products?" Ma Zhongyi thought for a while and said; "I think it's enough to build an ordinary market. There is no need to build a wholesale city! The market demand for those things is not as good as clothes, and the profit is not as good as home appliances.

When it comes to clothes, you need to buy one or two pieces almost every year, especially during the holidays. Who doesn’t buy a new piece of clothes? But porcelain such as bowls, plates, tea cups, etc., as long as it is not broken, generally will not be replaced. I still have several large porcelain bowls at home that have been used for more than ten years! "

"Where are you thinking? The ceramic products wholesale mall I want to build is not for selling bowls, plates, and cups. You can only make a few bucks by selling bowls and plates. I plan to sell ceramic building materials!"

Li Weidong paused for a moment and then said: "Don't we have a lot of ceramic tile factories in Qinghe? Can't they all make interior wall tiles, exterior wall tiles, floor tiles, and waterproof tiles? We can just use this An advantageous resource.

Moreover, burning ceramic tiles also produces pollution, so developed countries are gradually phasing out this industry. We can just fill this industry and export ceramic tiles abroad. In the future, our place will become an international wholesale mall!

After the ceramic products wholesale mall is built, we will extend it to other building materials, such as plates, hardware, paint, doors, 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 also have markets abroad. Compared with European and American countries, Chinese ceramic tiles are really high-quality and low-priced. After joining the WTO, it only took about five years for Chinese ceramic tiles to defeat the foreign ceramic tile industry.

Not only developed countries in Europe and the United States, but also countries like the Philippines and India that are poorer than China, their ceramic tile companies have been squeezed out of business by Chinese ceramic tiles.

So after 2008, China's ceramic tile industry has experienced several anti-dumping investigations every year.

After all, burning ceramic tiles consumes a lot of energy and causes a certain amount of pollution. Later, when the country rectified the pollution problem, most of the domestic small ceramic tile factories closed down. The low-end ceramic tile manufacturing industry moved to India and Southeast Asia. Most of the remaining ceramic tiles in the country were They are some brand companies.

Li Weidong planned to enter the field of building materials wholesale to lay the foundation for future real estate development. There were many ceramic tile companies in Qinghe, so Li Weidong chose the ceramic products wholesale mall as his entry point.

Ma Zhongyi has been engaged in construction for these years and is relatively familiar with building materials. After a little thought, he understood Li Weidong's plan.

"The demand for ceramic tiles is indeed quite large. Even an ordinary building requires at least two to three thousand square meters. We have the advantage of the production location, so we can do business in the ceramic tile wholesale market."

Ma Zhongyi paused and then said, "But the problem is that we have no money! It cost 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 payment to the building materials dealer, , the rest has been paid off the bank loan, and now there is not much money left in the mall management company’s account.”

"Then continue to get a loan from the bank!" Li Weidong said.

"I'm afraid this is a bit difficult. The loan for the small home appliance wholesale mall has not been paid off yet. I guess if I want to get a loan from the bank again, at least I have to wait until the small commodity wholesale mall is in normal operation. The bank will know that our project has the ability to repay. The loan was given to us," Ma Zhongyi said.

Li Weidong frowned. If the bank did not grant a loan, then there would really be no funds to build this ceramic products wholesale mall.

Before the country liberalized coal and electricity prices, most of Li Weidong's funds were tied up in coal mines, including the equity of Puppy Group, which was mortgaged to banks.

Fukang Engineering, Fukang Agricultural Machinery and Puppy Health all have their own research and development projects and cannot spare any extra funds.

Now Li Weidong is in a period of tightening his belt and living a life. He really can't come up with a large amount of funds 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 solution through other means first!" Li Weidong thought to himself.

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