Chapter 994 The market is risky
Hu Mingchen has such a judgment because he has experienced the world financial crisis, at least from the media and newspapers.
In this economic and financial crisis that has swept the world, those mortgaged securities have indeed become junk securities, and many large financial institutions and large companies have collapsed as a result.
Since Hu Mingchen knew about this phenomenon, how could he let it go? With foresight, wouldn't he be too sorry for himself if he didn't do a good job.
Hu Mingchen is not an expert in the financial field, but that doesn't mean he can't find such a person.
In fact, since Raymond joined Pengbo Electronics Group, Luo Guangcong was given a new task by Hu Mingchen.
Two months ago, Luo Guangcong stepped down from his position as director of overseas marketing at Pengbo Electronics Group and instead became the president of another Golden Lily investment company.
The company Golden Lily is not a domestic enterprise, it is registered in an island country in the Caribbean, but as Schultz said, its funds are provided by Hu Mingchen.
In other words, Luo Guangcong is just a character on the stage, and in fact, the person behind it is Hu Mingchen.
The reason why Schultz was able to detect it at the first time was also related to Luo Guangcong, if Hu Mingchen was looking for a stranger to take the lead, then Schultz and they might not be able to detect Hu Mingchen's deployment.
Luo Guangcong is not just a market talent, in fact, he is also a financial talent, his undergraduate is a major in finance, studying abroad, the degree he studied is also finance, once he also interned at Morgan, after graduation, his first serious job was in a fund company, and Goldman Sachs also poached him halfway.
Part of these contents were written by Luo Guangcong in his resume, and part of them were chatted by Hu Mingchen when he chatted with him.
Since he has such a background and education, of course Hu Mingchen has to take advantage of it, and there is no need to find someone again.
In the past two months, Luo Guangcong had to send at least one email to Hu Mingchen almost every day. In addition to setting up a company, he also poached and recruited people everywhere.
The people recruited by Luo Guangcong are basically foreigners, even if there are some Chinese, they are also ** nationality.
Because this time Hu Mingchen is not simply a general investment company, but has a very detailed subdivision internally, for example, there is a North American project department, a Japanese project department, a European project department, and under the European project department, there are also several groups, specifically for the three big countries of Britain, France and Germany, as well as small countries such as the Netherlands, Luxembourg and Iceland. In Southeast Asia, Hu Mingchen did not let go, and he didn't catch up with the gluttonous feast in 97, so he had to seize the opportunity this time.
The Chinese have a good explanation for the word "crisis", that is, there are huge opportunities in the crisis, and it depends on the arrest and capture.
This global economic and financial crisis is a disaster for most people around the world, but for Hu Mingchen, it is a huge opportunity, an opportunity to let his financial resources and strength rise several steps in a row.
Of course, Hu Mingchen is also making a big gamble, if he loses the bet, although Hu Mingchen's family will not return to the stage where eating is a problem, but at least Hu Mingchen will no longer be a rich man.
In order to raise money for Luo Guangcong, Hu Mingchen mortgaged the most valuable shares of Penguin Technology Group and the shares of Aniu Company to a Japanese bank and borrowed a large amount of money.
Hu Mingchen's loan is a one-year short-term debt, and if Hu Mingchen can't repay the money within a year, then Hu Mingchen will no longer have any connection with Penguin Technology Group and Aniu Company from now on.
Why did Hu Mingchen choose the Bank of Japan instead of mortgaging to a domestic bank? Is it because Hu Mingchen wants to be a traitor and wants to give away these two pieces of big fat to others?
Of course not, on the contrary, but Hu Mingchen wants to make a fortune on the loan.
Hu Mingchen mortgaged to the Bank of Japan, and the loan was in yen, which had two advantages, Hu Mingchen deliberately reduced or hid his attention to profiteering from the crisis, at least he did not want many people to think that a Chinese had made a lot of money. This is in line with Hu Mingchen's consistent low-key way of doing things.
Second, in this crisis, the yen will depreciate by 30 percent because of the quantitative easing policy and the fact that the United States will pass on some of its losses.
In other words, even if Hu Mingchen doesn't do anything, he can make a profit of 30% just by virtue of the depreciation of the yen. It's just that Hu Mingchen gambled so much, of course, it was impossible to go for the 30% small profit.
"You have an idiom in China, which seems to be ...... In the middle of the fire, are you going to experiment with it in reality? Also, why don't you go to a bank in the United States for a loan? Wouldn't it be better to borrow dollars directly?" Schultz asked.
"It's rare that Mr. Schultz is familiar with Chinese culture and has learned the idiom of picking chestnuts from the fire...... Mr. Schultz, I believe that you must have done this more than once in your life, otherwise you would not have the wealth and achievements you have today. I'm a firm believer that the greater the risk, the higher the rate of return. As for finding a bank loan in the United States, forget it, where do they have so much spare money now, as far as I know, the cash flow of many big banks is very tight, Mr. Schultz, why do you want to take the school for me like this?" Hu Mingchen changed his comfortable posture, put his feet on the table, and bent the back of the chair.
"That's what I experienced when I was younger, and the older I get, the less courageous I become. I haven't gambled in years...... If there is one, it is to invest in Pengbo Electronics Group. Schultz breathed a sigh of relief and said earnestly.
"It's not a gamble, you can see the profit from the beginning, hehe. Hu Mingchen said with a smile.
"Well, so far, I haven't been disappointed. You're so sure you're playing that big this time?" Schultz said in an accentuated tone.
"Mr. Schultz, you have been in business for decades, do you have a business that you are 100% sure of? I haven't seen it, how can there be ten points, six or seven points is not bad. How else to call it a gamble, you say?" Hu Mingchen and Schultz played with a sharp edge, pushing Tai Chi.
"Are you really only six or seven points sure?" Schultz asked.
"It's really only six or seven points, how can you ...... Does Mr. Schultz also want to have a game?" Hu Mingchen faintly heard the meaning of Schultz's words and felt some of his intentions.
"You're so smart, no wonder I trust and like you, it's just that I'm old, and I don't dare to play anymore, but ...... I'm going to let my grandson play with you, you see, can you take him with you. Schultz praised Hu Mingchen and said.
"As long as Mr. Schultz Jr. is willing, I don't care, but the market is risky, and investment needs to be cautious. Anyway, we are self-financed, so I don't know if he has this interest after graduating from a world-famous university. Hu Mingchen shrugged his shoulders and said.
Money is not something that anyone can earn, not to mention, it is not his own money that he earns, so Hu Mingchen doesn't care at all.
It's just that according to Hu Mingchen's understanding, the proud little Schultz should not be willing to play with Hu Mingchen, he doesn't look down on Hu Mingchen very much, so Hu Mingchen has to tell the ugly words in the front, so as not to make everyone unhappy later.
If little Schultz really follows Hu Mingchen, then he will not lose, it is the difference between earning more and earning less. It's just that little Schultz will not follow Hu Mingchen's steps.
"Okay, if that's the case, I'll ask him to go to Luo Guangcong with 500 million US dollars, and whatever you do, he will do it, it's a follow-up strategy. With Hu Mingchen's consent, Schultz immediately made a decision.
As for what market is risky, Schultz will directly filter it out.
After hanging up the phone, Hu Mingchen clasped his hands to his chest, looked at the lower and lower clouds outside the window, and felt that the thick clouds were about to touch the roof of the building.
The sun has been out for several days in a row, and it seems that Liangcheng is going to have a good rain.
A moment later, a dazzling bolt of lightning pierced the clouds and slashed down from the sky, followed by a rumbling thunderclap.
A heavy rain came as scheduled without an accident, and the raindrops the size of beans fell from the sky like bead curtains, bringing a burst of coolness to the city this summer.
Ordinary people quickly close the windows when it rains, but Hu Mingchen is the opposite, he stops his feet, gets up and opens the window with a crack.
Hu Mingchen is not so hot now that he wants to feel the coolness brought by the rain and humidity, no matter how hot the cool city is, it can't be hot. He just likes the rain inexplicably, as if looking at the dense rain and fog, he can be more calm, and his mind is more empty and clear.
Don't look at Hu Mingchen's usual unhurried and carefree. In fact, it is just an appearance in front of people and in the eyes of his family, it seems that Hu Mingchen is omnipotent, and he can solve any big difficulties.
In fact, Hu Mingchen's mental pressure has been relatively in a tight state recently.
In order to get a mortgage, Hu Mingchen also put Lao Tzu Hu Jianjun on the table, handed him the sorted documents and signed them, but Hu Jianjun couldn't understand those dense words at all, he was under Hu Mingchen's command, and he signed how he wanted.
Hu Jianjun also asked Hu Mingchen, but Hu Mingchen didn't tell the truth, just said that it was some annual normal documents.
and Schultz mentioned the Fame and Fortune Company, Hu Mingchen didn't care about it on the surface, but he didn't relax his attention bit by bit.
Hu Mingchen admired the two sentences spoken by Taizu very much, despising the enemy strategically and attaching importance to the enemy tactically. These two sentences work and are useful in war, and the same is true in shopping malls.