But like me, he is not good at the specific management of enterprises.

Because money comes so easily, he is not so careful when spending money.

Land can often be bought for 2 million dong, but he bought it at double the price. He also lacked patience in project evaluation and bought a bunch of unprofitable assets.

Even if it is a good project, long-term considerations are not taken, and the talent and management cannot keep up.

In 1990, Indonesia started an economic crisis. After two years of irrational prosperity in private banks, bubbles began to appear.

The accumulating risks have alarmed the government, and it has stepped on the brakes and implemented financial austerity policies.

This series of changes caught Xie Hanshi off guard. The chain reaction caused the loans issued by Suma Bank to be delayed, while the huge foreign debts he owed matured one after another, and he was eventually insolvent and faced crisis.

At that time, Suma Group's non-performing assets and losses exceeded US$1 billion, and its liabilities exceeded US$800 million.

Faced with the situation that was out of control, Xie Jianlong finally stepped forward, spending about 360 million US dollars from Astra to rescue the company, and announced the sale of some of Suma's assets in exchange for funds.

But under the liquidity crisis, everyone is short of money and no one is willing to take over.

In order to keep Summa Bank, Xie Jianlong had to sell nearly 70% of his family's Astra shares, retaining only 8.2%.

But even so, Xie Jianlong was still unable to turn the tide.

Because someone was adding insult to injury and causing trouble secretly, the process of selling equity lasted for more than a month. When Xie Jianlong finally obtained liquidity, what awaited him was that Suma Bank's debt was overdue.

In the end, Suma Bank's business qualifications were revoked and it had to declare bankruptcy. The results of Xie Jianlong's years of hard work were also in vain.

Since then, although the Xie family has gradually grown by relying on industries other than Astra, it has become extremely difficult, even impossible, to regain its former glory after its vitality was severely damaged.

In 2010, 88-year-old Mr. Xie Jianlong ended his life with regrets."

Zhang Yida was very emotional after hearing this. I was cheated by my son. In order to save my son's property, I also put my own family wealth into it.

"People, you have to learn to recognize yourself!"

Huang Hongnian sighed: "After the industrial integration in mainland China and leaving a lot of chicken feathers, I knew that I was not the material to engage in industry.

So Sinar Mas Group gave me the eldest brother, so I should just do some speculation business honestly!

The loss is only for yourself, and you won’t harm the family!”

This is such a high level of ideological awareness!

Zhang Yida gave a thumbs-up gesture and said, "Mr. Huang, you are this one!"

"I tell you so many stories because you are young and now you are involved in the financial industry on a large scale. I would like to remind you: keep a clear mind at all times! Don't be blindly arrogant!"

Zhang Yida nodded heavily, these are lessons of blood and tears! He really has to study hard.
Chapter completed!