"The specific point is subprime loans. Su Xing chatted with He Wenxiang in a low voice, "The so-called subprime loan is a mortgage loan for people with poor credit conditions, which is relative to people with better credit conditions." Subprime mortgage lenders usually pay higher interest rates and repayment methods in terms of interest rates and repayment methods than mortgage lenders with better credit conditions, and adhere to stricter repayment methods to control the repayment risk of financial institutions in subprime mortgage loans. ”

"That's right, this practice is a regular practice, and if the repayment ability is poor, you must comply with stricter regulations, otherwise it is easy to cause dead debts. He Wenxiang nodded," Not only in the United States, including in the country is also the same, just to say that the domestic loan conditions are more reliable than abroad, after all, we are more strict in financial management, and the consumption concept of Chinese people is different from foreigners, foreigners are one point to spend one point, or even one point to spend two points, tomorrow's money is spent today, popular credit cards, but domestic people like to save money, in case of emergency, and wait until the future when they are old or sick, and need money urgently to use it, the bank takes the initiative to help with credit cards, will feel that this is the bank's routine, do not touch the credit card。 ”

The concept of consumption abroad can make people happy in time, but the ability to deal with risks is a little worse, and the money for tomorrow is spent today, and there is no deposit at all, which is happy at the time, but if you lose your job or encounter other things, you are likely to face bankruptcy.

Different cultures lead to different consumption concepts, no one is right or wrong, there are advantages and disadvantages.

"Yes, this practice is indeed a conventional practice, but the relevant units or departments in order to pursue profits, the supervision is not so strict, this conventional measures have not been widely implemented, so that the subprime mortgage loans have increased significantly, and the repayment risk involving mortgage loans has changed from potential to reality, in this process, there will be many financial institutions for their own interests to condone the excessive expansion of subprime mortgages and their associated loan packaging and securitization scale expansion, so that under certain conditions, the scale of the default time of subprime mortgage loans will expand, and the probability of causing a crisis will increase。 Su Xing said.

Su Xing paused for a moment, looked up at the speaker on the stage, this stick can really say, up to now for nearly 20 minutes, there is no sign of stopping, on the contrary, the more he talks, the more energetic, even compare the economic situation of various countries in East Asia, boast of his own country, on the contrary, devalue other countries as worthless, and also said that China's economic situation will eventually lead to the emergence of bubbles.

The people of this country are full of arrogance from top to bottom, not at all modest, and the reason behind this arrogance is the United States, if there is no old United States as a support, they will definitely not be able to go crazy.

"Domestic regulation is still relatively strict, you just talked about the global financial crisis, but now you are only talking about the subprime mortgage confidence crisis in the United States, I guess, you mean that the subprime mortgage crisis will snowball, and eventually affect the global financial market?" He Wenxiang discussed with Su Xing.

"That's right, the butterfly effect, or dominoes, if one thing goes wrong, the other places will collapse, and the same problem will happen. Su Xing nodded, "If it is a small country and does not have such a big impact in the global trading system, it will definitely not cause a global financial crisis, but the United States is different, it is the largest economy, and it has trade contacts with many countries, and if there is a problem in his economy, it will definitely affect the economies of other countries." ”

Under the global trading system, as long as there is an economic problem in one large country, other countries will definitely cause shocks.

We must be cautious about financial issues, because if we are too strict, the market will not be vibrant, but if we are too lax, we may explode and the social impact will be even worse.

The deeper impression in the awakening is P2P, peer-to-peer network lending, which gathers small amounts of funds to lend to people with capital needs, which is an Internet financial product and belongs to private small loans.

The intensity of national supervision was a little lax, the policy was liberalized, and the problem soon happened, more than 4,000 platforms exploded directly, and many people's wealth for a lifetime was gone.

The P2P explosion is actually a bit similar to the subprime mortgage crisis, people are a little greedy, blinded by interests, the annual interest rate of money in the bank is only about 3%, and the annual interest rate of Yu'e Bao is only 4%, which can not satisfy investors, so they seek new investment directions, and some financial products with a yield of 10% or even 15% have entered their eyes.

With such a high rate of return, even if the investment product has good qualifications and the previous operation is good, but in the long run, as long as one of them has a problem, the final result will be an explosion.

The opposite of high returns is high risk, no matter what you do.

The person above finished speaking for nearly 40 minutes, woke up and looked at his mobile phone, said hello to He Wenxiang, and left the auditorium first.

"How's it going to be considered?" he walked out of the auditorium and woke up to answer the phone.

This call was made by Tang Wan, a few days ago she went to the capital alone to find Su Xing to meet, and wanted Su Xing to invest in a chat software jointly developed by her and Song Guangzong, Su Xing did not agree, and asked her to go back to discuss with Song Guangzong, if she is willing to transfer the Kanglong Prince Hotel to Su Xing, Su Xing can accept it, and buy the Kanglong Prince Hotel at a fair and reasonable price.

Tang Wan has been back for a few days, and now she should have made a decision to call him.

"Yes, I discussed with my mother-in-law when I went back, and there are three branches that I can sell to you. Tang Wan nodded, "But I have a request, that is, can these three branches sell them to you at the previous market price?"

Kanglong Prince Hotel is now experiencing a financial crisis, to sell some fixed assets, according to the normal market situation, need funds, and is urgently needed, the sale of fixed assets must be lower than the previous market price.

"There's no problem, this was said before, I won't take advantage of the fire to rob, what was the price before and what is the price now. Su Xing nodded, "In the next two days, I will have people go over to talk to Song Guangzong." ”

"I don't need to look for him, just let your people contact me. Tang Wan said.

"What, you can call the shots?" Awakening was a little strange.

Kanglong Prince Hotel belongs to the family industry, Song Guangzong is the prince of Kanglong Prince Hotel, the future successor of the family business, Tang Wan married in the past, even if it is a husband and wife, but according to the disposal of ordinary people, Tang Wan definitely has no power to decide the affairs of Kanglong Prince Hotel.

Listening to Tang Wan's meaning, it seems that she has this power.