Chapter 964: Bubble Burst
After taking Song Yuanchao around the construction site, Song Yuanchao was still very satisfied with the current progress, but he only expressed his own opinions on some details.
After the viewing, Song Yuanchao followed Zhang Jiaming and Lao Cao to the project department of the construction site. The so-called project department is actually a simple two-story building located next to the construction site. This place will be demolished after the building is completed.
The air conditioner in the project department was humming. The temperature inside was completely different from the heat outside. Walking inside, Song Yuanchao took off his helmet. After nearly an hour of inspection, his clothes were soaked with sweat, and even his hair was drooping on his forehead.
"Chairman, please wash your face first. By the way, would you like mung bean soup or salty soda? I'll go get it." Lao Cao took a towel and picked up the thermos, poured water, and asked Song Yuanchao.
"Have a bowl of mung bean soup, Jiaming, what would you like to drink?" Song Chaoyuan asked with a smile.
"I want to drink mung bean soup too." Zhang Jiaming said on the side, and took the basin handed to him by Lao Cao and placed it in front of Song Yuanchao. Song Yuanchao did not refuse. He took the towel and soaked it in the water, then washed his face and wiped the sweat off his body.
After washing, he felt much better. He handed the towel to Zhang Jiaming and asked him to wash it too. Song Chaoyuan sat down on the sofa. At this time, Lao Cao came in with two bowls of mung bean soup. He was so careful that he even found some edible ice to put in the mung bean soup. Song Chaoyuan thanked him and drank directly from the bowl without stirring the spoon. After two sips, the heat on his body was swept away.
"Lao Cao, stop working and go wash up." Song Chaoyuan put down his bowl and said to Lao Cao after drinking half of it. Lao Cao responded and walked out with the basin in his hand with a smile. After Lao Cao left, Song Yuan glanced towards the door and asked Zhang Jiaming, "What do you think of Lao Cao?"
"He's a good professional manager. Although he's not very pioneering, he has no problem being an executor, and he has no shortage of experience and connections." Zhang Jiaming answered truthfully.
Song Chaoyuan nodded slightly. He quite agreed with Zhang Jiaming's evaluation of Lao Cao.
"I think the finishing work here is almost done. The next step is the interior decoration. You can make the arrangements and prepare to let Lao Cao go to the Hongqiao project." Song Chaoyuan instructed Zhang Jiaming.
Zhang Jiaming responded that he understood. The Hongqiao project is a new project of Shenghua Real Estate in Shanghai, and it is also a real estate project that has just been confirmed this year. This project is different from other projects of Shenghua. The Hongqiao project is somewhat similar to Shenghua's Century Shenghua in Pengcheng, and its main feature is a high-end residential area.
At present, Shenghua Building has reached the final stage. According to the current progress, it will take at most half a year, that is, it will be completed by the end of the year. The residential area project in Tianlin is not difficult and has been basically completed. The first batch of residents have begun to move in. As for the renovation of the alley where Song Chaoyuan used to live, it is still in progress. Although the renovation of the alley is not as complicated and sophisticated as Shenghua Building, it will be completed next year according to the progress.
"By the way, when Lao Cao goes to Hongqiao, promote him to the position of vice president of the real estate company." Song Chaoyuan thought for a while and said this. Although Zhang Jiaming was a little surprised, he thought about it carefully and found that this was a very normal thing. Lao Cao's ability and performance were there, and he was now Zhang Jiaming's right-hand man. Lao Cao made an indispensable contribution to the smooth completion of the Shenghua Building project. The next Hongqiao project will be the focus of Shenghua Real Estate. It is natural to promote Lao Cao to be the company's vice president and project manager at this time.
The matter was finalized in a few words. The specific arrangements were left to Zhang Jiaming, and Song Chaoyuan did not intervene. Then, after Lao Cao came back, Song Yuanchao talked with them for a while about the finishing arrangements of Shenghua Building. Just after the conversation, Song Yuanchao's cell phone rang. When he picked it up, he found that it was Shao Heping calling. Song Chaoyuan made a gesture to Zhang Jiaming and Lao Cao, and the two stood up and left the office temporarily. Ten minutes later, Song Chaoyuan came out of the office after finishing the call and told Zhang Jiaming that they had something to do and had to leave first. Zhang Jiaming and Lao Cao saw Song Yuanchao off to the car, and then watched Song Chaoyuan's car leave the construction site and go away.
Qiongdao Island is actually cooler than Shanghai at the end of June. Perhaps it is because it is by the sea. The sea breeze in the evening makes people feel comfortable.
Shao Heping's residence is in the Lucheng government compound, which is the best location in Lucheng. It is neither too far nor too close to the beach. When you open the door, you can smell the gentle sea breeze with a faint fishy smell. The surrounding greenery is very beautiful, and the sunset in the evening makes it look refreshing.
But compared with these, Shao Heping's mood seemed a little heavy. Now Shao Heping was the only one in the huge house. His wife and children were not around. Shao Heping sent his wife and children back to Yanjing a few months ago. At that time, his wife didn't understand why they were suddenly asked to go to Yanjing when they were living well in Lucheng. But at Shao Heping's insistence, his wife still returned to Yanjing with the children.
Not long after his wife and children returned to Yanjing, the entire Qiongdao real estate industry underwent tremendous changes. With the adjustment of policies and the introduction of the Sixteen Articles, the booming Qiongdao real estate market was "drained from under the cauldron" overnight, falling from the peak to the cliff and wailing in disarray.
By the end of June 1993, this time last year, Qiongdao Province accounted for 0.6% of the country's population, but had more than 10% of the country's unsold commercial housing. As real estate developers fled and closed down, there were more than 600 unfinished buildings in the province, 16 million square meters of undeveloped buildings, 18,834 hectares of idle land, and a backlog of funds of 80 billion yuan.
The real estate bubble in Qiongdao Island has led to a mess. The real estate businessmen who were spending money lavishly and arrogantly a few days ago saw their wealth on paper reduced to zero overnight. They were even heavily in debt because no one was willing to take over their properties and projects, and they owed large loans to banks.
Shao Heping still remembers the shocking scenes at this time last year. Every day in Lucheng and the entire Qiongdao, there were news of real estate developers and investors who took drastic measures . Coupled with the bursting of the real estate bubble, the whole Lucheng was gloomy, especially for people like Shao Heping, who were worried and their future was bleak.
Until this time, Shao Heping regretted not listening to all of Song Yuanchao's advice. Although he did some practical things during his tenure and implemented Song Yuanchao's suggestions to control real estate and open up Lucheng's infrastructure to a certain extent, in the first two years, with the rise of the entire real estate boom, Shao Heping gradually lost his vigilance. After all, the real estate was too , and the benefits to the Lucheng government were too great.
Under this general situation, even if Shao Heping kept a clear head, he could not resist the influence of the overall situation and the surrounding areas. In addition, Shao Heping was only the executive vice president, not the top leader of the government, let alone the secretary. His suggestions and abilities in some work were limited, so he could not avoid falling into such a situation.
What’s even worse is that when real estate developers fled or went bankrupt, banks suddenly became the largest developers, and the non-performing loan ratio of many banks was as high as 60%. When banks started to deal with non-performing assets, they were shocked to find that many mortgage projects had actually dug a big hole for banks. The real estate projects mortgaged at sky-high prices were just castles in the air and had never been started. In addition, many real estate projects had experienced repeated mortgages and even owed a lot of unsettled project funds, which caused the banks to be burdened with heavy debts all of a sudden.
In addition to developers and banks, many securities firms were also involved and suffered heavy losses. Faced with such a situation, local leaders cannot escape responsibility. Although Shao Heping is the executive vice president, due to his work, he cannot shirk his leadership responsibility in this incident no matter how he explains it.
In fact, in May last year, Shao Heping had already sensed something was wrong, and although he took some measures to try to recover the losses and minimize the impact, he did not expect the collapse to come so quickly and catch him off guard.
After sending his wife and children away, Shao Heping was ready to be stripped to the bottom and was quietly waiting for the decision on his punishment.
In fact, at this time, Shao Heping could have turned to Lin Daoyuan for help. As Lin Daoyuan's former secretary, although the old leader had retired, Lin Daoyuan still served as a consultant in the past two years and still had certain advisory power at the top. If he could say a few fair words for himself at this time, perhaps Shao Heping could have escaped the disaster.
But at that time, Shao Heping did not call Lin Daoyuan, and he did not even contact Song Yuanchao. Because he knew that this matter was too big, and Song Chaoyuan had reminded him at the beginning that it was he who was blinded by interests and lost his judgment and peace of mind, thus creating the current situation.
Shao Heping didn't want to ask his old leader for help again for this matter, and he had already prepared himself. In his heart, what was supposed to come would eventually come, and as a local leader, he still had to bear the responsibilities he should bear. Perhaps this was all he had to face.
But everything that happened later surprised Shao Heping, because the situation in the entire province of Qiongdao involved too many things, and the organization found after investigation that although Shao Heping had some responsibility for the real estate bubble in Lucheng, this responsibility could not be entirely attributed to Shao Heping alone. This was mainly due to the overall situation. Shao Heping had only done some normal approvals in accordance with his job responsibilities, and he himself had never gained any personal benefits from it.
On the contrary, compared with several other cities in Qiongdao, Lucheng is better. The main reason is that when the real estate bubble emerged, Shao Heping focused more on local infrastructure work and used the approval and funds from the opening of real estate to do a lot of practical things for Lucheng's local facilities.
In addition, Shao Heping was relatively strict in controlling some real estate projects. There were fewer vacant projects or duplicate mortgage projects, while a certain proportion of projects were actually completed and opened. From this point of view, Shao Heping was very outstanding in both ability and work. Considering the overall situation, the organization did not finally revoke Shao Heping's position. On the contrary, they called Shao Heping for a talk and asked him about his views and ideas on this real estate bubble.
