In May of the imperial capital, the weather has begun to get hotter, and the poplar trees on the roadside have all turned green without realizing it.

Standing on the top floor of Guanghui Building, looking down at the scene of Zhongguancun through the glass windows, giving people a vigorous momentum.

When Jiang Hui was busy in the island country for a month and basically handled the acquisition of Sanyo by Guanghui Group, he finally returned to Guanghui Building again.

At this time, the financial crisis caused by the subprime mortgage crisis in the United States began to show signs of improvement, and many people began to breathe a sigh of relief.

On April 30, 2008, the Federal Reserve cut interest rates by 25 basis points and removed the wording "economic growth is still at risk" in its post-conference statement. The US GDP grew by 0.6% in the first quarter, but Credit Suisse believes that it is mainly based on increased inventory acquisition, which is not conducive to future development. The UK HBOS (Bank of Harifax in Scotland, the largest financial insurance and mortgage lending bank in the UK) issued an additional £4 billion in equity to increase the capital scale and resist the deteriorating market environment.

On May 1, 2008, the Bank of England pointed out in its financial stability report that the subprime mortgage loss may be only $170 billion; major banks agreed to retain the minimum asset amount in the special liquidity plan.

Federal deposit insurance companies believe that the market is about to overcome the credit tightening situation; Federal Reserve Chairman Bernanke believes that the problems in the US student loan market are no longer limited to liquidity issues; the U.S. House of Representatives approved a housing market aid program worth $300 billion; U.S. Treasury Secretary Paulson believes that the credit crisis has exceeded halfway.

On May 2, 2008, the number of non-farm employment in the United States decreased by only 20,000 in April, and the unemployment rate dropped to 5.0%, which was better than expected. However, Imf Chairman Kahn was worried that the good situation of the US employment report in April was short-lived and believed that the economy would not recover in 2008.

The Federal Reserve has expanded the Taf scale from $50 billion to $75 billion, while expanding the amount of currency swaps with the European Central Bank and the Swiss National Bank. The White House said the U.S. economy has so far no recession signal.

...

While drinking the latest West Lake Longjing this year, Jiang Hui looked at the various information compiled by Liao Yun.

"Mr. Jiang, in the past week, the financial market seems to have stabilized. Should we control the pace a little? If the subprime mortgage crisis really slows down and we still add such a large leverage to short, it is likely to eat up most of the profits we have made before."

Like most people, Guan Weidong was obviously confused by the appearance of the international economic and economic market during this period.

"Old manager, although many institutions are advocating that the most dangerous moment has passed, in my opinion, what happened in the past is just appetizers, and the good show is still coming."

As a rebirth, Jiang Hui knew best when the financial crisis was the past.

The entire year of 2008 can be said to be the most chaotic time in recent decades, and of course the most opportunities.

Not to mention General Motors and Lehman Brothers, which are about to go bankrupt in the future, are the famous Citibank, which also set a record - the stock price fell below $1 per share.

When it fell to $36, a big guy said he could buy at the bottom;

When it fell to 18 yuan, a big boss said he was going to buy it;

When it fell to 8 yuan, a big boss said happily that he bought it so cheaply;

When it fell to 3 yuan, a big guy cried;

When it fell to 0.97 yuan, a big man died.

This is a joke that everyone joked about Citigroup at that time, which vividly illustrates Citigroup's performance in 2008.

This multinational bank, which has operations in more than 100 countries around the world, was once the largest bank with assets in the world. In early 2007, its market value was still around US$270 billion. By the time of the lowest stock price in 2008, there were only a few billion US dollars left.

Citi's disaster line was buried in 1998. After completing the merger with Traveler Group, Citigroup began to participate in lobbying and successfully convinced Congress to abolish the Geshi Law formulated during the Great Depression, allowing commercial banks to re-enter the business of investment banks. Then Citigroup took this business to the extreme, and made great efforts to engage in high-risk loans and bonds, which finally led to the current disaster.

Of course, although Citi's stock price was only a few billion US dollars at its lowest point and Guanghui Group was completely acquired by funds, the US government obviously would not sell such a huge bank to a Tianchao company.

If Guanghui Group dies, it can only eat porridge, drink soup in this feast, and buy a few points of Citigroup shares through the open market.

However, before that, there was no problem in shorting Citibank's stock in the financial market. Once it goes out and goes, there was no problem in Guanghui Group chewing billions of US dollars in profits from Citi's elephant.

"Mr. Jiang, although some experts say that the crisis has not passed, now all funds and financial institutions have slowed down their investment efforts. We may not completely relax, but appropriately reducing the leverage ratio should be relatively safe, right?" Guan Weidong put forward a suggestion that seems more reliable.

"In the face of this once-in-a-lifetime opportunity, any insurance measures are a waste of time. Whether Guanghui Group can truly stand at the peak of the world for a long time depends on its performance this year. Mr. Guan, believe me, the subprime mortgage crisis is far from over, and those so-called experts and scholars are too optimistic. This will be a crisis with an influence comparable to the world financial crisis in 1929, and something more exciting is still to come." Jiang Hui decisively rejected Guan Weidong's proposal.

It’s not that Guan Weidong’s proposal makes no sense, but Jiang Hui, who has a golden finger, is almost 100% sure that the crisis is just the beginning. When others start to stop, it is the moment when Guanghui Group is moving forward. Why should we stop?

Western countries have plundered the Celestial Empire for more than 100 years through various means, and it is time to collect some interest and come back.

"Mr. Jiang, if this is the case, I suggest that the group lend as much money as possible to the account in China to prevent cash flow from breaking. After all, once all the funds of Guanghui Investment's financial department are leveraged and entered the market, it will be much more difficult to cash in a short period of time."

Realizing that Jiang Hui had made up his mind, Guan Weidong did not stick to his position, but began to consider the problem from a new perspective. This is also one of the reasons why Jiang Hui admired Guan Weidong more.

As a subordinate, it is very necessary to give advice to the leader in time when they realize the risks, but once the leader makes a decision, it is not very meaningful to continue to stick to his own opinions.

On the contrary, it is the most correct choice to quickly adapt to the new situation and start thinking about problems from a new scene. ()
Chapter completed!