After inspecting the organic fertilizer production base, Qi Zheng knew that the large-scale production of seaweed fertilizer undoubtedly added a boost to the desert management of Jiagu.

After returning to the headquarters, Wang Yuye also looked happy, of course, not because of the arrival of the Olympic Games.

It was a good thing that Jiagu was able to find a water source in the desert, but he was also faced with a difficult choice: how to invest in desert development?

The plan to build a large reservoir and change the great northwest is certainly not something that can be played with by a small body like Jiagu. However, Jiagu is still sure of using the reservoir to transform and develop the two large deserts.

But even with the support of freshwater and the government, it will cost money, and a lot of money, to clean up the desert!

In particular, after the Jiagu Strategy Department conducted a survey of several companies that are now heavily invested in desert control in China, Wang Yuye's understanding of this is clearer.

In the Kubuqi Desert, across the river from the Al-Shanmeng, Yili Group's investment has reached more than 400 million yuan so far, but the operating loss of the listed part of Yili Group has reached 107 million yuan.

A person close to Yili Group told Jiagu that Yili Group has been planting trees and fighting desertification for many years, and has always relied on the profits of other industries to feed back the "public welfare" undertakings. For Yili Group, desertification control is a beautiful business card that it has spent a lot of money to build and help build a good relationship with the outside world. "Desertification control does not create direct economic returns, but it is a valuable reputational asset. ”

From 97 to last year, the assets of Yili Group increased from several hundred million to more than 10 billion. Behind the rapid expansion of the capital market is the easing of loans from the local government to the help of the banks.

Of course, Kubuqi still has obvious visualization effects on desertification control, and it has also benefited many local people, which are all worthy of affirmation. But for Yili Group, this is also a means to obtain cheap funds with the concept of ecology, continue to expand, and roll up the capital more and more.

And in the Tengger Desert, a company called Yongye also invested in the development of the desert five years earlier than Jiagu.

In 03, Yongye Company purchased more than 300 square kilometers of sandy land, with the ambition to build a set of agricultural and animal husbandry circular economy. For this reason, from government officials to agricultural experts, from scientific researchers to writers, all social resources that can promote the desertification control project have been lobbied hard and invested resources for it.

However, in the past year alone, the sandy land contracted by the company has become a paradise for rats. The state's macro-control made it impossible to cash in the loans it applied for, and Yongye Company tried its best to borrow funds to maintain turnover.

At present, although Yongye Company has fed the sand of the sand of the shuttle wood, bitter beans, and white thorns, forming a large area of vegetation cover. However, according to Jiagu's investigation, all its assets have been mortgaged to banks, and the income is very small, and the capital chain has been tightened to a very dangerous level.

Whether it is the former's "business card means" or the latter's "hard scalp", it is not what Jiagu wants.

Sustainable output is the only way to develop a healthy model. If the group's booming business is delayed in order to develop the desert, in Wang Yuye's view, it will definitely outweigh the losses.

Qi Zheng's strategic perspective is understandable, but as a group executive, it needs to be considered comprehensively.

It wasn't until Jiang Ping of the Assassin Fund returned to China because of the Olympics and brought a series of good news that Wang Yuye finally relaxed.

It is quite interesting to say that the whole country is watching the Olympics together, and there is a grand scene of singing and dancing, but in the United States, especially in the financial circles, people are already in a state of panic.

In fact, the subprime mortgage crisis has been raging since last year. In the middle of last year, two hedge funds from Bear Stearns, the fifth-largest investment bank on Wall Street, that invested in subprime mortgages, collapsed. Overnight, investors began selling subprime mortgaged bonds.

The large-scale default of subprime loans has caused large losses in the related products held by many financial institutions, resulting in huge losses, and the gap in mortgage funds caused by liquidity has been exacerbated.

Morgan Stanley is one of the five largest investment banks on Wall Street, Citibank is the world's largest bank, AIG is not a big deal, the world's largest insurance group...... But everyone lost so much that they cried and called their mothers.

The five major investment banks that dominate Wall Street crackled like firecrackers and blew up 3. Bear Stearns' entire bank was bought over this year after being dragged down by subprime mortgages, Lehman Brothers and Merrill Lynch were in jeopardy, and investor confidence was greatly frustrated even by the remaining Morgan Stanley and Goldman Sachs.

The financiers in the United States are worried because they don't know which one will fall in the next moment, and whether the crisis has come to an end.

But a crisis has always been a process of disappearance and transfer of wealth, with record losses on one side and eye-popping profits on the other. Some smart people or lucky people can always pan for gold in a crisis.

This year, Wall Street's prettiest cub is undoubtedly Paulson.

Paulson's two funds rose 590% in net value in one and 350% in the second as a result of shorting subordinated debt. This year, he has $28 billion in funding, quickly becoming one of the world's largest hedge funds.

Jiang Ping's Assassin Fund is not as impressive as the Paulson Fund because of its scale and diversification strategy, but it has also made $4 billion in subprime loans, and the Assassin Fund has more than $6 billion in assets under management.

Hearing the news, Wang Yuye almost laughed out loud with a pig cry.

He was completely calm. 4 billion US dollars, no matter how you say it, is enough to develop the desert as much as you like, anyway, it will not affect the development of other businesses of the group.

What's more, Jiang Ping said that this is far from the end!

Because in 08, many people believe that the clouds of the subprime mortgage crisis that broke out before have dissipated. In April, the CEO of Goldman Sachs said that the credit crisis may be nearing its end, and in May, US Treasury Secretary Paulson said that the US financial markets are gradually recovering from the credit crunch, and that the worst of the credit crisis may be over, but it will take months for the market problems to be fully resolved......

But both Qi Zheng and Jiang Ping know that the U.S. economy is in recession, and it will be more severe than most people expect.

This is because the impact of the subprime mortgage crisis on the industry has not yet been felt. But as time passed, losses began to spread to all corners of the world, credit crunched, and everyone rushed to redeem various investments.

Many industrial companies began to lose money in their profits, and then began to lay off employees. The wealth effect of high housing prices has disappeared, and everyone is in danger.

Therefore, after making a windfall by shorting subprime mortgage bonds, Jiang Ping led the Assassin Fund and began to short the financial stock market and the commodity futures market, changing various positions to continue to ravage those financial institutions.

It can be expected that in the next days when the financial crisis expands, Jiang Ping will still make a lot of money.

The money earned by the assassin fund in two years can't be earned by the entire group except for the fund for a few years, Wang Yuye can't help but sigh, it's really easy to get rich in finance.

Jiang Ping laughed and said that it was because he did not see the liquidation of Wall Street funds, the collapse of many investment banks and institutions, and the tragic situation of mourning.

But anyway...... Getting rich makes people happy!

The Assassin Fund's windfall in the subprime mortgage crisis gave Wang Yuye and the entire group sufficient confidence to develop the desert.

......