The market had lost confidence, and the collapse was difficult to stop.

Zheng Yongwen contacted Su Yehao in advance to say hello, mainly to prevent a bigger crisis from happening.

Don't be fooled by the investors currently crying and wailing; in reality, not many people have truly suffered serious losses. The most difficult time is far from over.

Su Yehao poured another plate of mutton spine into the pot, added two spoonfuls of chili to a small dish, and slowly stated:

"Seriously, more money is useless to me. I can't possibly spend it all in this lifetime. It's not just you who are worried about ordinary retail investors. I also feel sorry for them. They finally managed to earn some money, but it evaporated with the bubble. It's different from the usual small-scale losses. Many of the people trapped this time probably won't be able to break even even after ten years. Some companies' growth potential is right there, and they're simply not worth that much money."

Zheng Yongwen finally felt like eating. He picked up a thick slice of ginger with his chopsticks and said speechlessly:

"I think there are two types of businessmen. The kind who, after becoming very wealthy, still only think about lining their own pockets, those are black-hearted merchants. The other kind are those who, after succeeding, use their advantages to help people live better lives. You don't know how ugly some people's behavior has been recently. All kinds of true and false news are flying around, and a bunch of short sellers are practically laughing themselves crazy."

Su Yehao said suspiciously:

"You're not indirectly scolding me, are you? My charity has spent more than twenty billion Hong Kong dollars this year, and it's all been used for practical purposes."

Zheng Yongwen rolled his eyes and said:

"Don't be so quick to assume I'm talking about you. I didn't say it was you. There's a difference between normal reduction of holdings and deliberately fanning the flames. I won't blame you for reducing holdings before, to reduce market hype, but if you continue to reduce holdings on a large scale in this situation, I'll be the first to jump out and scold you."

Su Yehao shrugged and said, "I wasn't born to a stepmother. If other major shareholders are busy running away, I won't just sit here and wait for death."

The current situation is that whether it's institutions or major shareholders, they're all busy running away as fast as they can.

Meanwhile, the stockholders who can't see the situation clearly are starting to think about bottom-fishing and rebounds, which in this situation is like voluntarily offering themselves up to be slaughtered.

What's even more infuriating are those so-called "experts" who clearly know something is wrong but continue to deceive people into taking over, saying today that the dealer is washing the market and buying up chips at low prices, tomorrow saying that such-and-such technical indicators have appeared, and they've tricked quite a few gullible fools.

Su Yehao now only hopes to avoid causing a systemic financial crisis and more serious damage. As for other unavoidable losses, he just feels a little regretful. There's not much he can do.

After talking about the stock market.

Zheng Yongwen was slightly curious. He raised his glass, took a sip of beer, and asked:

"There's a rumor that you're planning to restart the public housing construction project, launching 60,000 public housing units every year, so that 70% of Hong Kong families can own their own homes within ten years?"

"Yes, the unrestrained expansion of capital can easily breed monsters. The United States, which fans the flames everywhere for its own benefit, is the best example. We can't let the public housing project be shelved for the benefit of real estate developers, leading to a widening gap between rich and poor and ever-increasing housing prices. We have to put capital in a cage."

Su Yehao didn't hide anything.

He had previously proposed vigorously promoting public housing, but unfortunately, it ended up failing. It was one of the few projects that completely failed.

There were many reasons for the failure, but in summary, it was simply because it touched the interests of others.

Last time, he thought about demolishing old buildings, old warehouses, and so on, and reusing them to build public housing. This time, the core is to vigorously develop the north side of Hong Kong, starting from scratch to build a brand new "satellite city."

From his tone, Zheng Yongwen heard a hint of anger. He shook his head with a wry smile and said:

"I knew you wouldn't give up easily after the draft you submitted last time wasn't approved. A guy like you, whose life is so smooth that it's enough to make people despair, won't easily turn back even if you hit a wall. What exactly do you plan to do? As long as it involves the public housing project, I'm willing to fully support you."

Su Yehao laughed and said:

"I've seriously reflected on it and learned from the last time. The last time I failed because I was isolated and helpless and encountered resistance from the landlords. I can't afford to offend them, but I can avoid them. This time, the plan includes the coastal areas of Tuen Mun, Yuen Long, and the North District, surrounding the entire Pengcheng Bay Area, and bringing Casino together to create a new bay area. At that time, there's no need for demolition, no need for developers to get involved, and we can directly start from scratch to build a new urban area, combined with talent settlement policies and high-tech factories, to attract young people who are willing to buy low-priced houses."

After hearing his words.

Zheng Yongwen couldn't help but gasp and said, "This plan is too big. Once the plan is made public, it will definitely cause a sensation, and it probably won't be so easy to pass."

Su Yehao shook his head:

"The main thing is to see how much ordinary families want to buy houses. As long as I get their support, I can start building momentum. Lu Xun once proposed a window-breaking theory. I want to see if anyone will compromise by then, and pass my previous old city renovation plan."

Zheng Yongwen asked him, "I know Lu Xun, he's a writer, right? What's the window-breaking theory?"

"It basically means that our people like to reconcile. If someone wants to break a window, others won't allow it, but if they say they're going to tear off the roof, they'll choose to compromise and agree to open a window."

"...Isn't that a threat?"

"But it's very effective, isn't it? Yuen Long and other places haven't developed, and young people are attracted to the city. At that time, demolition can also bring benefits to farmers. They have no reason not to support my satellite city plan."

Su Yehao ate and laughed, adding:

"I've already asked people to design concept maps, with the population capacity calculated according to 1.5 million people. We'll directly use prefabricated modular construction, with a minimum area of 60 square meters. First, it's fast, and second, the cost is low. Hong Kong's labor costs are too expensive, which is just suitable for using new technologies to build public housing on a large scale."

Zheng Yongwen perked up and asked with interest, "But if your new city plan is approved, will you really invest in building such a satellite city?"

"Why not? The construction company can make some money, and other businesses can also make money. Anyway, I won't lose."

After thinking about it, Su Yehao shook his head and said:

"But I think the possibility of passing is extremely low. If young people don't pour in, the city will lose its vitality, but if someone insists on fighting me to the death and hindering the healthy development of society, I don't mind spending more effort to fully pass the satellite city plan."

Sixty percent of Hong Kong families don't own their own homes, and young people under the age of 35 who own homes account for less than 10%. The average age for first-time home buyers is approaching 40.

It has to be said that the pressure is really too great.

Su Yehao doesn't necessarily have to fight the real estate developers to the death, but their behavior is too ugly. In order to avoid falling into a vicious cycle, he has to stand up and say a few fair words.

...