2007, June.
It was the scorching summer, and the scorching sun burned his heart.
The blue sky was cloudless.
Going out at this time was either to make a living or to enjoy the feeling of being exposed to the sun.
But it was obvious.
Wang Jianlin was not.
He sat in the presidential suite of the International Trade Hotel and looked at his son who was on summer vacation. He said to him sincerely,"Sicong, remember this. If I'm not around in the future, you must protect the company. You can't be like Shen Fei who squanders.”
The slightly plump Wang Sicong pursed his lips.""Dad, don't joke around. How many people are like Shen Fei?”
He was speaking from the bottom of his heart.
This Shen Fei was simply a weirdo.
His father had passed away due to illness at the beginning of the year. This guy had only been here for less than half a year, and he was actually trying to sell the family's real estate company. Wasn't he crazy?
The current real estate industry was thriving and making money every day.
It wasn't an exaggeration to say that in China, coal and real estate were two industries that made a lot of money every day.
But this Shen Fei, his family started off in the coal industry. Now that his real estate company was thriving, he chose to sell all his assets. It was said that he planned to enter the entertainment industry.
Haha!
Wang Sicong felt that this guy was crazy!
"Alright, let's go. The contract is about to be signed.”
Wang Jianlin stood up and said to his son.
Today was the signing day.
Prior to this, Shen Fei had already sold the family's five coal mines and most of the real estate projects.
What Wang Jianlin was eyeing was the few pieces of land in Shen Fei's hands.
According to the current market price, the value of these few pieces of land was at least one billion lower than Shen Fei's asking price!
Wang Jianlin would be an idiot if he missed this opportunity!
……………………
At this moment.
A handsome young man in his early twenties who looked a little like Wu Yanzu was leading a group of people into the International Trade Building.
A few minutes later.
"Chairman Shen, you have to consider it carefully. Have you really decided?”
In front of the young man, Wang Jianlin smiled at Shen Fei and said.
He was a senior in the business world, so he naturally did not want to be known as a bully.
Shen Fei smiled faintly and said,"Chairman Wang, don't worry. Since I've decided to sell it, I definitely won't go back on my word.”
"Haha, good. Since that's the case, let's begin.”
Wang Jianlin smiled and did not say anything else.
Very quickly.
After the signing ceremony was officially completed, Wang Jianlin also transferred the money to Shen Fei's account through the bank.
It took him more than half a month to raise such a large cash transaction.
It was interesting.
When Shen Fei sold his business this time, he only wanted cash. He did not want any stocks or real estate. It was really strange.
Some people in the real estate industry had privately calculated that this kid had received nearly 50 billion in cash in just two months!
This was definitely an astronomical figure!
Even so, Shen Fei had become a negative example for many rich people in the industry to warn their juniors.
As the saying goes, it doesn't hurt to sell a child to his master. This Shen Fei was a pure prodigal. He actually sold 60 billion worth of assets for only 50 billion. He was simply crazy.
Little did he know.
At this moment, Shen Fei looked at Wang Jianlin's smug face and felt that his face was written with three big words.
Take over!
No!
To be more precise, he was a sucker!
That's right.
In Shen Fei's opinion, Wang Jianlin was a sucker!
The reason was simple.
Because Shen Fei was a reborn person!
As a screenwriter in his previous life, he was well-read. Naturally, he knew that although the real estate industry in China seemed to be flourishing, it was actually going downhill soon.
In fact.
Starting from 1998, due to the termination of the welfare housing policy, the supply and demand of the domestic real estate market began to lose balance. In 2001, the housing prices in Yanjing nearly doubled in the first three months.
Although the government had repeatedly implemented policies to limit the rise in housing prices, it was a pity that it was inadequate.
Even in 2005 and 2006, the government had issued regulations requiring all regions to pay more attention to this issue. If they did not control housing prices well, they would be held accountable. They would ensure the supply of low and medium-priced, small and medium-sized apartments, build low-rent housing, regulate the housing structure, increase the proportion of small and medium-sized apartments, and adjust and regulate the supply structure of the real estate market. This would ensure that the real estate and residential products were more reasonable and allow more people to buy houses.
However…
All these methods were useless.
The entire domestic real estate market had gone crazy.
Countless people were speculating in real estate!
It was not an exaggeration to say that the people were seething with resentment. This was the current real estate market.
Shen Fei's father, Shen Wanli, the coal mine owner, had also seen the business opportunities in this area. That was why he had resolutely invested the money earned from coal mining into the real estate market.
If he had not died of cancer, his business empire would definitely continue to expand.
And now.
Shen Fei decided to give up on the coal and real estate industries. If he was not Shen Wanli's only heir and had 100% control of the Shen Corporation, it would be impossible to succeed.
But even so, Shen Fei was ridiculed as a prodigal and had a problem with his brain.
Little did he know.
He was about to go crazy from laughing!
Because no one knew that in three months, the country would issue the Notice on Strengthening the Management of Commercial Real Estate Credits under the boiling public resentment.
The notice specifically requested that the down payment for the second home should not be less than 40%, the interest rate should be 1.1 times the benchmark interest rate, and the bank's development loan should be strictly controlled. The project capital would not be lent if it did not reach 35%.
After the announcement was made, the effect was very obvious. The house prices that had been rising immediately plunged. A large number of real estate agencies in first-tier cities such as Beijing, Shanghai, Guangzhou, and Guangzhou closed down, and the volume of real estate transactions fell.
Coupled with the outbreak of the US mortgage crisis, the global economy fell into a low point.
The real estate industry would completely collapse!
It would only be revived in 2009 when the 4 trillion yuan plan was launched.
During this period, how depressed was the entire property market?
In short.
Shen Fei sold the land to Wang Jianlin for five billion yuan. In another year, it would not even be worth two billion yuan.
As for the coal industry, there was no need to mention it.
In 2008, the government issued a policy to nationalize the coal industry.
The coal mine boss, who used to be so powerful, had directly withdrawn from the stage of history.
Under such circumstances, Shen Fei would be crazy to continue mining coal and engage in real estate. Of course, he would sell all his properties.
With a sucker like Wang Jianlin paying the bill, Shen Fei did not show any expression on the surface, but he was about to laugh out loud in his heart!
Wouldn't it be nice if he used this 50 billion to invest in profitable industries like the internet and entertainment?
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