Chapter 1177: The Impact of the Stock Market Crash
The impact of this US move is very huge, especially on the Asian financial market, and Xiangjiang has not escaped the fate of the stock market falling.
This time, it is not only the American capital that is selling, many investors and investment institutions are frantically putting sell orders on the market, in order to be able to trade out early, the transaction price is pressed down again and again, and the Hang Seng Index is also affected by this rapid decline.
This is not the end, not long after the opening of the Hong Kong stock market, news came again that the US destroyer in Subic Bay crossed the South China Sea and approached the coastline of Vietnam, which was no longer just provoking Vietnam, and now there was a panic in the stock market.
When Li Guangyu received the news, he felt that the American consortium was crazy, which could lead to the escalation of the dispute at any time, and it also involved the mainland.
Although the South Korean government sent a letter of inquiry to the US military department, asking the US military to explain why it sent patrol planes to North Korean airspace without consulting them, this did not play any role.
The DPRK's response this time was also quite drastic, announcing that its troops on the line of control between the two Koreas would be put on combat readiness at the first level, and at the same time announcing that it would shoot down all hostile targets in the DPRK's airspace.
At the press conference, the Vietnamese government, which only began to carry out reform and opening up to the outside world last year, did not show weakness at this time, and warned the United States not to infringe on Vietnam's sovereignty and that the Vietnamese people and army have the ability to repel any enemy who infringes on its sovereignty.
The mainland government also condemned the transit of the US warship in the South China Sea as violating the country's sovereignty, and demanded that the US warship leave the South China Sea immediately, and that the people and military of the country would do their utmost to safeguard the inviolability of national sovereignty.
This time, the United States can be said to be blatant, trying to let the whole world know about their actions, which will cause tensions in the whole of East and Southeast Asia to rise sharply.
In the fifth conference hall of the Wheelock Building, the executive officer and president of the Li Consortium in Xiangjiang have been put in place, and even Cao Weiqing has come here.
After sitting down, Li Guangyu said: "You must have understood the current situation, it is impossible for us to protect the Asian stock market now, and now the American consortium is acting very crazy.
The stock markets of East Asia and Southeast Asia are no longer able to give investors, investment companies, and all parties a sense of security, and they have chosen to withdraw their funds from the stock markets of various places.
I'm afraid that it will be difficult for the stock market to rebound quickly until the situation on the Korean Peninsula and Vietnam sides calms down this time, so we need to make some preparations for the next development. ”
The impact of the stock market crash is all-round, but it is not only the losses on the stock market, this time it cannot be reviewed, which will inevitably lead to the insolvency of some listed companies and direct bankruptcy declaration.
At the same time, it will also cause huge losses and even bankruptcy for many shareholders, and at the same time, it will lead to a slowdown in the growth rate of local economic development, and serious stagnation may occur.
The decline in the income level of the local people and the decline in purchasing power will inevitably lead to heavy losses for the Lee consortium with Greater China and Southeast Asia as the core, and the performance of major groups will be greatly affected, especially Bentley Group, Phoenix Group, China Electric Group, etc.
The Heung Kong Air Transport Group will also be greatly affected, and if there is no money, there will naturally be less long-distance travel.
Du Yuemei said: "Li Sheng, we will not lose much on the stock market, the market value on the stock market does not have much impact on us, we have an absolute controlling stake, and we don't worry about the stock price at all."
Our major groups have also mortgaged the shares of Xingyu Game Group and Hengyu Supermarket Group to several major Japanese banks, and have a debt of 5 billion US dollars, which is not too big a problem for us.
Now we need to consider whether the pace of our expansion and the direction of our development should be adjusted in the light of this global stock market crash. ”
The Li consortium has never been worried about the stock market, and they have not had many loans, but now that they have fallen, they will naturally be able to rise back later, and the shares are always so much, and they have no substantial losses.
Some of the shares acquired by the Li consortium are high-quality stocks in various places, although some difficulties may arise in the development of various places affected by this stock market crash, but these high-quality companies are still not easy to go bankrupt.
As long as the impact of this stock market crash is eliminated, the market value of these companies will naturally recover, and they will not need to worry about it.
The biggest problem now is that after the stock market crash, the demand for some products will decrease due to the economy, especially in Southeast Asia, which is an extremely important market for the Lee consortium, so the production plans of some of the Li groups must be adjusted.
At the same time, Tianyu Bank should also pay attention to the problem of lending, after the stock market crash, it is likely that there will be some dead debts, Tianyu Bank should reduce its losses as much as possible.
Chen Dong said loudly: "The impact of this stock market crash is very large, not only in Japan, South Korea, Xiangjiang, Baodao and Southeast Asia, but also in Australia, Canada, South America, and Western Europe, which are also our main markets.
Especially our Bentley Group, Phoenix Group, its products are luxury, after the stock market crash, due to income problems, originally intended to buy have to choose to give up, so these groups must be prepared.
Personally, I believe that in such a period, we should increase our development and layout in the interior and Eastern Europe to avoid a decline in the performance of our major groups. ”
Affected by this economic crisis, the decline in the performance of many groups in the fourth quarter is a high probability event, especially Bentley, Phoenix, China Electric, Feiyu, Xingyu, Golden Scale Toys and other groups.
All the senior executives know that after the global stock market crash, everyone's life is not very good, at least in the fourth quarter of this year, it is impossible to have a good growth, and now they want the group to have a good performance, only to develop new markets, especially the market that has not been affected by the stock market crash.
Eastern Europe can't be counted on for the time being, the door over there has not been fully opened, and at this time they can rely on Donghua Trading Company to sell their products, and the inland is their best choice.
With a population of more than one billion in the interior, people's incomes are continuing to rise, and the market is gradually growing, it is a good time for them to occupy the market when there are no other large groups to compete with them.
Fujiwara Huiyin has long wanted to accelerate the expansion of South China Electric Chain Group in various places, especially in the mainland, and she will naturally not give up this time with such an opportunity.
After the executives stopped talking, she said loudly: "Li Sheng, in the past few months, the sales performance of our South China Electrical Appliance Group in the mainland has been rising month by month, and the demand for home appliances in the mainland is very large, I hope to continue to expand the number of our stores in the mainland, so that our South China Electrical Appliance Chain Group has our stores in open cities and every provincial capital, and can cover most of these cities." ”
At present, the directly-operated stores of the Li Group in the mainland can only be deployed in cities open to the outside world and various provincial capitals, and other urban markets are temporarily inaccessible.
At present, the South China Electric Appliance Chain Group has less than 60 large and small stores in the mainland, and it is far from enough to cover the cities open to the outside world and the major provincial capitals.
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