Hong Kong's economy collapses. Although the impact on the Fu family will not be significant, it is not what Fu Guangzheng wants to see. Other than those vampiric speculators, no one is willing to see their hometown's economy collapse, and only they are rich.
"What's wrong, Brother Fu?" Feng Yu looks at Fu Guangzheng. This is not like him.
"Then should the Hong Kong Government introduce some policies to regulate the property market?" Fu Guangzheng looks at Feng Yu.
Damn! What does he mean? He wants to get involved in this? Can he say anything?
Oh, Fu Rongqi must be right. This way, he might be able to save Hong Kong's property market to a certain extent.
"You want to make suggestions?"
"You can make suggestions. Don't you have connections in China? You should be able to influence Hong Kong's government."
Feng Yu: "… …" Damn! I have not been involved in politics for a long time!
"I don't care about this. If you want to get involved, you can make suggestions. If we increase taxes on second homes and above, we will be able to curb property speculators. We can also increase property transaction taxes and control property loans, especially for second homes and above. We can also check the vacancy rate, etc., and the property prices will cool down. "Feng Yu said.
Anyway, Feng Yu will not stand out. If Fu Guangzheng wants to do it, then so be it. Not everyone likes to be a hero. Even if it is a hero, Feng Yu also likes to be a hero behind the scenes!
"Wait. Slow down. Let me jot it down." Fu Guangzheng quickly said.
"You really want to make suggestions? Are you from the Housing Committee?" Feng Yu did not expect Fu Guangzheng to take his joke seriously.
"I am not, but my Second Uncle is. My Second Uncle invests most in property. Luckily, he had listened to my Eldest Uncle and dumped some of his properties in other cities. But he still kept some properties in Hong Kong. If the property market collapses, his losses will be significant. Furthermore, you don't know Hong Kong. If anything happens, there will be protests, and it will affect Hong Kong's economy. "Fu Guangzheng explained.
"Alright, I'll repeat it so you can remember it. Tell your Second Uncle about this. I don't care if he is not willing to give me any suggestions … … "Feng Yu repeated what he said to Fu Guangzheng, and Fu Guangzheng took note of it.
Actually, even if Hong Kong's property market crash, Fu Rongqu will not be affected as he does not have any loans. Fu Rongqi had told them not to take loans unless necessary. Cash is king when doing business!
That's why even if the property prices drop, Fu Rongqu will only suffer some losses temporarily. His main properties are office buildings and shops. Even if they are ordinary residential buildings, he can still rent them out at reduced prices.
Fu Guangzheng left to tell his Second Uncle about Feng Yu's suggestions. He thought for a moment. It seemed to be really effective. However, it would not be easy to implement this method.
This would cause a lot of people to resist, especially those who speculated in real estate. But most of the ordinary people in Hong Kong will still support it. They can't afford to buy a house now and can only rent a house.
Fu Rongqu listened to Fu Guangzheng and kept quiet for a long time. He knew Hong Kong's property market is problematic. After all, he had experienced Japan's property market crash. If he had not pulled out early, he might have suffered losses!
He thought Hong Kong's property market will last for at least two years. Thailand's financial crisis had happened, but the property market did not collapse. In fact, it is still rising.
But during this period, Hong Kong's stock market had fallen, and a large amount of funds had entered the property market. Many foreign investors had entered. Many people do not know about futures and felt it is too risky. That's why they do not dare to touch it. But they felt the property market is very simple. It's just buying low and selling high. Even if there are risks, the houses are still there!
But Hong Kong's property market is so popular now. The moment the foundation is built, the houses can be sold. Before the houses are built, they will be sold. Many people will buy 5 or 10 houses. Those houses are not for living. They are for speculating! Many people do not have so much money and can only rely on bank loans to pay for the houses. Some people even use multiple credit cards to pay for the houses.
Also, the prices of the houses are rising almost every day, and this stimulates many people's enthusiasm. Soros's failure to attack Hong Kong made people believe Hong Kong's economy will be strong. That's why many people who had withdrawn their funds from other Southeast Asian countries started to invest in Hong Kong!
If the property market is overheated, there will be problems. Once the government changes, many property speculators will lose all their money.
Feng Yu's suggestions are good, but it is too difficult to pass. This will affect many people's interests.
"Guangzheng, do you think these suggestions will pass?" Fu Rongqu asked.
"Second Uncle, I think these suggestions are good. We can relax some rules. For example, we will not increase taxes on transactions between relatives, and we can increase the down payment for the second house to the third house. Also, we can keep the interest rates for the loans and increase it later on. We can also investigate those who own more than two properties. It should be possible to pass if it is not too drastic. "
"It is not possible with just me. I will contact a few friends. With their support, it will be easier. But if they are against it, it will be impossible. "
Fu Rongqu's friends were all top businessmen in Hong Kong's property market. Two of them were Hong Kong's top ten richest men, and some of them were Superman Li's partners.
If they agree, then these suggestions might be passed. But if they are against it, then it will be impossible to pass. After all, these suggestions will affect their interests.
When the property market crashed, those speculators will suffer losses. The real developers had already sold the real estate, and they had pocketed all the profits.
Restricting the property market will be limiting their profits. But if the property market crashed, their real estate companies will also suffer losses in the next few years.
Now, it is up to them to decide if they want to make quick money or want to make a long-term investment.
"Guangzheng, just tell them that you are the one who thought of these suggestions. Since Feng Yu does not want to do anything, then don't push him to the front. "Fu Rongqu thought for a while and said.
"But if this suggestion is passed, it will surely win the hearts of many Hong Kong citizens."
"You said it is' if '. But if this suggestion is not passed, then you will offend some people. If those people were to go against Feng Yu, it would be hard to tell who would win, and your relationship with Feng Yu will be strained. Since you are the one who asked for Feng Yu's opinion, then you can shoulder the responsibility. "
Fu Guangzheng nodded. "I understand, Second Uncle."
Fu Guangzheng did not mind it was because he knew Feng Yu loves his reputation. Also, Fu Guangzheng doesn't think there are any families in Hong Kong that Feng Yu is afraid of. Even if Feng Yu's opponent is Superman Li, Fu Guangzheng is betting on Feng Yu to win. This is because Fu Guangzheng's impression of Feng Yu is that Feng Yu had never lost before!
This time, whether it's the hero or the villain, I'll be the one!
… …
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