Only after being reborn did I realize how fascinating the world of the rich is.

As time went by, and by the end of the year, history unfolded exactly as predicted: the United States experienced a subprime mortgage crisis, and the stock market, as an important institution in the financial sector, naturally suffered a severe blow, leaving the entire world in a state of despair.

The Nasdaq stock market as a whole began to decline, and Wanzhong Media and Gage Media, as some of them, were also affected by the economic crisis.

At this point, Wanzhong Media and Gage Media, due to the previous premium acquisitions, began to amortize the costs of those acquisitions financially. As a result, their net profits suddenly changed from high growth to negative profits.

According to the financial statements, it would take several years of net profit to make up for these negative profits. Soon, the stock prices of the two companies plummeted as if they were on a roller coaster.

This rapid decline can trigger a stampede among investors, causing them to rush to sell their shares, which in turn leads to a further drop in stock prices.

Even worse, in an attempt to cover up negative news about the company, Losche inflated revenue and net profit on the financial statements and reduced assets that had been written down due to premium acquisitions, which was caught by Nasdaq regulators.

Their stock market is far more mature than China's, with more comprehensive systems and stronger supervision. Financial fraud is a very serious matter for them, and they directly imposed huge fines on the two companies.

Therefore, Losqi reluctantly took legal action against Nasdaq's regulatory authorities.

After learning of this news, Nasdaq shareholders became even more pessimistic about the two companies and began to sell their shares even more.

Soon, the wheels of time rolled into 2008, and the situation finally spiraled out of control, triggering the subprime crisis that spread throughout the world.

Shanghai, as a top-tier city in China that is integrated with the world, has also been significantly affected.

The development of the real estate industry has always been heavily reliant on the financial sector, led by banks. Now that the financial sector has suffered a severe blow, the real estate industry has been greatly affected.

The entire real estate industry was affected by the lack of funds. In order to recover funds as soon as possible, developers began to offer discounts, and housing prices quickly dropped from an average of nearly 10,000 yuan to around 7,000 yuan.

Seeing that prices had dropped so much, most speculators held on for the first few months. However, as the economic crisis deepened, banks tightened credit, causing many businesses to face cash flow difficulties.

A large portion of these speculators in the secondhand housing market are business owners. They saw that the real estate industry was booming and that it was much more profitable than their hard work in running a business, so they couldn't resist joining in.

With no other option, these business owners had to reluctantly sell their properties to raise funds and save their businesses in order to keep them afloat.

Li Xiaofeng knew that although the economic crisis had lasted for several years worldwide, China had seen a large amount of infrastructure investment injected into the economy through government intervention to rescue the market.

Therefore, the domestic economic crisis lasted only a year before the economy resumed its upward trend.

He currently has over six billion yuan, but he's a bit conflicted about where to invest it. Should he use the money to reclaim his company first, or to speculate on real estate?

So he sought out Liu Shasha to inquire about his current bank loan situation.

"Sasa, if I use company shares to take out a bank loan, what percentage of the loan would I get? Would it still be around 50% of the share value?"

Liu Shasha knew he wanted to use bank loans to speculate on real estate, and shook her head helplessly at him, saying, "It's not about the loan-to-value ratio, but that you can't directly use loans to speculate on real estate now."

The authorities are currently cracking down on property speculation and have implemented stricter regulations on the use of loan funds, especially for loans like yours with high amounts and large sums of money, which are definitely under close monitoring.

If it's discovered that you used bank loans to speculate on real estate, not only will your credit rating be lowered, but you may also be forced to repay the loan. Please don't do what you did before.

Li Xiaofeng asked with some surprise, "Are loan controls really that strict now?"

Liu Shasha said with a helpless expression, "That's how the policy is. In private, some loan officers may deliberately relax supervision, but you can't take chances."

It's not that the bank is intentionally giving you special treatment; it's just that your amount of funds is too large. You have a whopping 66 billion yuan in the bank. How much are you planning to borrow? At least several billion yuan!"

"What if I buy real estate and then use it as collateral to invest in a company or business?"

Liu Shasha smiled and shrugged, saying, "Then there's no problem. The country is encouraging everyone to start their own businesses and companies. As far as banks are concerned, they're not really interested in things like equity."

The main problem is that stock prices fluctuate a lot, and using equity as collateral for loans is too risky. Last time you were able to pledge 50% of the equity market value because your company was listed on NASDAQ, and I also did some work for you.

If your company is listed domestically, the loan-to-value ratio is unlikely to reach 50%. And now, due to the economic crisis, even for companies listed on NASDAQ, a loan-to-value ratio of 30% is considered good.

"Oh, is the loan-to-value ratio really that low now?"

"Don't complain about the amount. At this time, it's already good enough that the loan has been approved for you. You're like a beggar complaining about the food being rotten!" Liu Shasha's smile carried a hint of arrogance.

Liu Shasha has been promoted again due to her outstanding performance, and with companies currently lacking funds, her social status is rising steadily.

In other words, Li Xiaofeng's relationship with her was very special; otherwise, it wouldn't have been so easy for him to see her.

Li Xiaofeng said irritably, "You people in the system all treat people differently based on their status. When the economy is good, you all act like big shots."

"If the economy starts to decline one day and nobody takes out loans anymore, you'll all be begging and pleading with us to get loans from you again!"

Liu Shasha said with a grin, "That's impossible!"

Li Xiaofeng just smiled and didn't intend to argue with her. He said in a calm tone, "Since mortgaging shares isn't worthwhile, then I'll continue to speculate on real estate, invest in real estate, and then use the real estate as collateral."

I know that banks now prefer fixed assets like residential properties as collateral. Real estate has now acquired not only commodity attributes but also financial attributes!