Chapter 350 Takes off
"Brother Deng, are you still playing stocks?" Zhang Qiyuan asked.
"I used to play around occasionally, but after what happened last year, I can only stay at home and have been trading stocks. The market has been good recently, and there is news that the Federal Reserve is going to cut interest rates. At that time, assets will flow back to the country. If the government introduces some policies to stimulate the market during this period, the stock market will probably rise by then." Deng Ying analyzed to Zhang Qiyuan.
Zhang Qiyuan nodded. He understood the logic here. If the government introduced forceful policies, the real estate market would not improve immediately, but there would be a brief rebound. The property market and the stock market are also connected to a certain extent.
"But I don't understand this thing called stocks," Zhang Qiyuan said after a moment of hesitation.
"It's okay. I'll teach you how to open an account first, and then recommend a few stocks to you. You can play around with them." Deng Ying said.
"Ok."
Under Deng Ying's guidance, Zhang Qiyuan quickly completed the process and entered the review stage.
Then Deng Ying recommended several stocks to Zhang Qiyuan. Zhang Qiyuan didn’t know much about this, but he still wrote them down.
A few days later, after Zhang Qiyuan passed the review, he bought several stocks recommended by Deng Ying. Of course, he didn't buy much, just used 50,000 yuan to test the waters. Anyway, his brother Deng would not cheat him.
It’s true that the stocks recommended by Deng Ying are all good. Although the increase is not large, there are indeed daily returns. Although it is not bad, it is also nice to see several stocks rise.
On September 24, the government announced a number of favorable policies.
The first is to lower the deposit reserve ratio by and release one trillion yuan of procedural funds.
Second, the down payment ratio for the second home was reduced from 25% to 15%.
Third, the interest rates on existing home loans have been lowered to around the interest rates on new home loans, averaging 50 BP.
Fourth, for the 3000 billion yuan affordable housing re-loan, the central bank’s support will be increased from 60% to 100%.
Fifth, the central bank announced the creation of a securities, fund and insurance company swap facility to support eligible securities, funds and insurance companies in obtaining liquidity funds from the central bank through asset pledge.
When he saw this policy announcement, Zhang Qiyuan immediately understood that this National Day, not only their real estate would take off, but the stock market would also take off.
Zhang Qiyuan directly used all of his remaining 400,000 yuan and the 200,000 yuan in the company's account to speculate in stocks.
With the support of government policies this time, the stock market will definitely not lose money in the short term. If it loses money, the most he can do is sell his Mercedes Benz, or at worst he can drive his old car again.
When Zhang Qiyuan finished dealing with his stocks, he found that their group was in an uproar.
"Damn, the government really has a policy coming out. Qi Yuan, you are really awesome." Luo Gang said in the group.
"Yes, after I posted this policy on WeChat Moments, several clients asked me to view their houses," Qu Feng also said.
"Fortunately, I haven't let it go during this period. There is a 140-square-meter three-bedroom apartment with a large living room in Yueshan Mansion, on the middle floor. It's very cheap. If you have customers, please promote it quickly. The owner trusts me very much. If there are customers, he will definitely give priority to us." Wang Yong said.
"Now the down payment for the second home is also 15%. The government wants people who can afford to buy homes to buy more and digest the inventory. I will start a live broadcast soon and strive to sell more houses during this National Day holiday," Huang Yi analyzed.
Zhang Qiyuan smiled and said, "Do you guys still want to take a break during the National Day?"
"What's the point of taking a rest? I've been idle for three months, just waiting for this day. Whether I can get enough money for the bride price this year depends on this National Day." Wang Yong said.
"Can you please stop talking about the betrothal gift? I think you just want to buy yourself a car." Wu Jingjing said in the group. "Haha, I'll get the car and the betrothal gift together when the time comes."
“Now all the real estate agents should post the houses with the best cost-effectiveness that they have on hand that they think will definitely be sold during the National Day in the form of ‘community-house number-area-property certificate status-decoration status-price-house viewing method-floor plan’ to the group. Ao Fei, you will be responsible for compiling it into a document and posting it in the group so that everything will be clear at a glance.” As he spoke, Zhang Qiyuan also posted the price lists of major new real estate projects that he had compiled during this period to the group.
"Here are the prices of various new properties. Customers who want to buy new homes can take them to these properties to have a look."
He had previously predicted that there would definitely be new policies from the government, so he had naturally prepared for them early on.
The prices of new properties have been falling again and again recently, and with some preferential policies from the government, they are actually not much more expensive than second-hand properties.
"Okay, Mr. Zhang." Ao Fei said quickly.
"Blue Sky International City Phase 8 Unit 1101-120, 165 square meters, fully occupied, unfinished, priced at RMB million. There is a password for viewing." At this time, Sister He posted a house and its floor plan in the group.
"6-1-1301, Yueshan Mansion, 140 square meters, less than two bedrooms, finely decorated by the developer, priced at 185 million. There is a password for viewing. This house is super good, priced at per unit. Please help recommend it." Wang Yong quickly posted the list of the house he mentioned.
"Star City Garden..."
"Star City Garden..."
"Blue Sky Central City..."
"133 International Community..."
"Liantou Yiyuan..."
"New City Star..."
"Poly Garden..."
"China Construction Mansion..."
Immediately, everyone in the group posted the high-quality properties they had.
Seeing this, Zhang Qiyuan no longer cared about the things in the group. Now the stage had been set up, and he was just waiting for customers to come.
Zhang Qiyuan originally thought that after the release of this policy, there would be no new policies from the government, but just two days later, a new policy came out.
After this wave of policies came out, Zhang Qiyuan immediately realized that he couldn't judge whether the real estate market would take off, but the stock market was definitely going to take off. He called his parents directly and told them that the company needed funds for turnover, so he borrowed 400,000 yuan from his parents and invested directly in the stock market.
He didn't dare tell the truth to his parents. His parents were honest people. If they knew that he had invested almost all his assets in the stock market, they would never lend him money.
With the release of two policies in succession, Zhang Qiyuan watched his stocks rise sharply. In just a few days, he made hundreds of thousands of dollars.
It's not just stocks that are soaring. On September 9, Seoul announced another policy, that is, between October 30 and December 10, for those who purchase newly built commercial housing in Seoul, the first home will be subsidized with the full amount of the stamp duty, and the second home will be subsidized with 1% of the stamp duty.
This policy means that when buying your first new home, you don’t need to pay any money to get a property certificate, and the second home only requires 50% of the stamp duty.
After a series of policies, Zhang Qiyuan knew that he was about to take off.
(End of this chapter)
