The central government has proposed ten major measures to promote economic growth, of which Article 10 clearly requires increasing financial support for economic growth, canceling restrictions on the credit scale of commercial banks, and rationally expanding the credit scale.

This has the most direct impact on Dongsheng Real Estate.

In the past year or so, the market was not as hot as expected at the beginning. Although Dongsheng Real Estate's capital withdrawal was slower than expected, it was still able to barely mobilize funds.

In early March this year, the Bank of China was the first to be seriously affected by the subprime mortgage crisis, with a total of tens of billions of bad debts. The domestic banking industry soon became turbulent, and major commercial banks successively tightened their monetary policy, causing the East

Sheng Sheng could feel the rope around his neck getting tighter and tighter.

Tightening of monetary policy, on the one hand, resulted in a sharp reduction in the amount of commercial housing loans issued in the second half of the year, and many commercial banks even directly suspended the issuance of commercial loans, which directly suppressed the market demand for commercial housing; on the other hand, it directly restricted the supply of real estate developers.

The scale of borrowing is strictly prohibited, and various marginal lending behaviors such as borrowing new money to repay old ones are strictly prohibited, forcing real estate developers to passively shrink the scale of debt and reduce leverage.

Real estate developers with sufficient funds or good sales may not be affected, but Dongsheng Real Estate almost failed to survive.

The new economic stimulus policy comes out and explicitly cancels the credit scale restrictions of commercial banks and rationally expands the credit scale. This will directly benefit Dongsheng Real Estate in two aspects: First, major commercial banks will fully liberalize the credit scale of commercial housing.

, the loan down payment ratio is likely to decrease, which will directly stimulate the market demand for commercial housing sales. On the other hand, the credit restrictions on real estate developers will undergo a huge change of 180 degrees.

The indirect impact is even greater.

Once the credit restrictions of commercial banks are relaxed, funds from financial institutions such as trusts, wealth management and insurance will inevitably enter the real estate industry.

For example, when Dongjiang Securities previously issued a new trust fund for Dongsheng Real Estate, it not only required Dongsheng Real Estate to provide stricter asset mortgages, but there would also be quota limits within Dongjiang Securities.

After today, this level of restrictions will inevitably be relaxed.

In the past, Dongjiang Securities might have been able to provide ten to twenty times the amount of trust funds for Dongsheng Real Estate, but after today, the amount of trust funds it can provide might be doubled.

At present, Dongsheng Real Estate has a total financing amount of 4 billion in the form of direct capital injection, of which Sun Hung Investment has invested 1.2 billion, Dongjiang Securities has invested 500 million, and management such as Guo Guangxin and Chen Zhi have participated in the capital injection of 500 million. Cao Mo calculated that,

With relatively ample funds on hand, an additional capital injection of 300 million was finally made, bringing the total capital injection to 1.8 billion.

Even so, the short-term debt that Dongsheng Real Estate needs to repay within the next year is still relatively high.

Cao Mo, Qian Wenhan, and Ding Zhaoqiang are thinking about preparing for the second financing in more and richer forms, and are thinking about raising another 20 to 3 billion in funds to more completely solve the debt problem of Dongsheng Real Estate.

Now that it's fine, they shouldn't need to worry about this problem anymore.

Of course, in addition to Dongsheng Real Estate directly benefiting from the new economic stimulus policy, other industries, especially the affiliated companies under each person's name, will have beneficial effects, and whether the domestic economy can get rid of the impact of the subprime economic crisis in a short period of time.

, no one can tell.

However, Cao Mo is quite confident that the domestic economy can quickly get rid of the subprime economic crisis, but he has no confidence that the overseas economy, especially Africa, whose economic structure is particularly fragile, can withstand the ravages of the storm and get out of the trough.

Fortunately, Tianyue's overseas business is strong enough to withstand the impact.

, Cao Mo didn’t have to worry about anything.

As commodity prices plummeted, demand for finished cement from countries such as Canem dropped sharply, and market prices naturally plummeted, significantly weakening Cornero Cement's profitability.

However, the production and transportation costs of Cornero Cement are already far closer to those in China.

Even though the price of Kanem's finished cement has plummeted below the average cost line of the West African cement industry, Cornero Cement still has a gross profit of more than fifty US dollars for every ton of finished cement it produces, and its life is definitely better than that of cement companies in the same region.

It is much more profitable, and it can still maintain a net profit of more than 10 million US dollars every month.

Although the international metal copper futures have fallen sharply, Ibogu Mining is still mainly engaged in mining and producing gold.

When the economic crisis spread rapidly in October, the international gold price briefly fell to around US$700 per ounce. However, after entering November, the international gold price quickly stopped falling and rebounded, and is now back to around US$800 per ounce.

Although it is difficult for anyone to accurately predict the future trend of gold prices, even if the economic crisis continues to spread, as countries successively adopt loose monetary policies, everyone predicts that the international gold price will fall sharply again in the short term.

It's also close to zero.

As long as the gold price can remain at around US$800 per ounce, Ibogu Mining's ever-expanding gold department can guarantee a net profit of more than US$15 million per month.

Yibogu Mining and Cornero Cement are still the two biggest cash cows in Cao Mo's hands, and their cash production is so greedy.

Draculamo's power supply is still in serious shortage. This means that as the economic crisis spreads, Draculamo Power Supply Group does not have to worry about additional losses caused by a sharp decline in the market. It can even generate additional profits due to a significant reduction in production costs.

The price of Cornero Energy's external power supply is fixed, and there is no need to worry about a sharp drop in market demand. However, at the same time, the production and operation costs, mainly hydropower, are unlikely to be significantly reduced due to the economic crisis, so operations and profitability are stable.

Even though the performance of Gulf of Guinea shipping and mining trade, Tianyue Industry, and Cornero Foods will inevitably be impacted by the economic crisis, overall overseas affairs are supported by the three pillars of Ibogo Mining, Cornero Cement, and Cornero Energy.

, and there is no need to worry about encountering a crisis that is truly difficult to survive.

Cao Mo's biggest gain this time was to greatly enhance his domestic industrial investment territory.

The shareholding of Dongsheng Real Estate reached 18%, becoming the second natural shareholder after Dongsheng Real Estate Dingjia (Dongsheng Holdings); it also increased its shareholding in the listed company Dongsheng Group from the open market to more than 5%, becoming the second largest shareholder besides Dongsheng Real Estate Dingjia (Dongsheng Holdings).

Dongsheng Holdings is the fourth natural shareholder besides Shang Wendong and Wu Xiang.

Through the merger and acquisition fund of Dongjiang Securities, it achieved controlling stake (32.4%) in the listed company Taihua Group (Tianyue Industrial).

Tianyue Industrial completed the acquisition of Huachen pickup truck assets, and officially has its own product development and testing center, vehicle technology development laboratory (car craftsman) and the first independent pickup truck production line in China.

It is no longer like before, with only one food processing base in Qingshan District Industrial Park in China.

Of course, what Cao Mo attaches most importance to is Tianyue Industrial's domestic industrial base. Although it is still extremely weak, management members such as Xu Bin, Xu Lizheng, Gu Fan, and Huang Yijiang have extremely strong ambitions to follow up.

Cao Mo saw that Tianyue had the potential to become bigger and stronger in this field.

To this end, in addition to acquiring the Huachen pickup truck production line and injecting capital to expand the independent laboratory of carmakers, Cao Mo also spent 200 million yuan to join forces with Dongjiang Securities and Sun Hung Investment to establish

An independent sub-industry investment fund has been established under Xi Fund, which specializes in investing in new innovations and new projects in related fields such as passenger cars and new energy.

By this time, Cao Mo had used up half of the cash in his hand.

…………

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Affected by the dual shifts in fiscal and monetary policies, the domestic stock market took the lead in rebounding strongly the next day. Sectors such as steel and cement, which directly benefited, saw their daily limits abound.

The stock price of Dongsheng Group has been stable for a period of time, and its building materials is also one of its main businesses. It was included in the infrastructure and building materials sectors that were directly affected by the economic stimulus policy. The next day, a large amount of funds sealed the daily limit at the opening of the market.

In the following week, the Shanghai Composite Index rose by more than 17% and regained more than 2,000 points.

Dongsheng Group's stock price rose by as much as 40% in a few days, and its market value rose back to the 10 billion mark.

By this time, Dongsheng could be said to have completely emerged from the shadow of the crisis.

On the Dongsheng Real Estate side, not only did the largest Chonghai project obtain a total of 3 billion yuan in new credit lines from local financial institutions (bank syndicates) in Chonghai under the coordination of the Chonghai Municipal Government, the sales situation also improved.

Get better.

Dongsheng Real Estate subsequently withdrew all previous internal discount measures of up to half the discount, and secretly increased the selling prices of all commercial properties on sale.

Dongsheng Real Estate is not like this. Almost all real estate developers, as long as they are still alive, have basically withdrawn their preferential rates and raised property prices to varying degrees.

Almost immediately, it heralded that a new spring in the property market was about to arrive; almost at the same time, the capital market turned its interest back to the real estate industry.

Several investment institutions that Dongsheng had contacted before wanted to participate in Dongsheng's capital injection. Ding Zhaoqiang did not directly refuse, but doubled the valuation based on the valuation after the first round of capital injection.

Value, that is, Dongsheng Real Estate is now directly receiving capital injection at a valuation of 20 billion.

To put it bluntly, it means "you ignored me before, but I will make you unable to reach your heights after me"!

Investment institutions couldn't find any bargains, so naturally they lacked interest. Ding Zhaoqiang entrusted Dongjiang Securities to restart the backdoor listing process of Dongsheng Real Estate.

Some are happy and some are sad. Compared with Ding Zhaoqiang's high confidence, Han Shaorong's mood these days can be said to be extremely bad.

He did not expect that the domestic situation would reverse so quickly, and he wasted so much time and energy on the two projects in Dongsheng and Taihua that when the national economic stimulus policy was released and fiscal and monetary policies shifted, he

A feasible capital cooperation project has not been fully negotiated.

There are several cooperation projects under negotiation, but after the "four trillion" was announced, the interested parties either directly raised the price significantly, or because Huamao's previous conditions were too harsh, they directly abandoned Huamao and looked for other investment institutions for cooperation negotiations.

.

With the stock index reaching 2,000 points again, Huamao has not only seen a rebound in the valuations of the many listed companies it previously held (most of these stakes still have a long lock-up period, such as Huamao's shareholding in New Steel Alliance, the valuation

The value has rebounded by as much as 50% compared to the low point, but the lock-in period is still 24 months. However, even so, they are still losing money on this project. When they participated in the share-trading reform, the cost of holding shares was forced

((improved a lot)), the nearly 8 billion funds that Huamao secretly prepared for this bargain hunt were actually extremely small at this time.
Chapter completed!