Xu Zhi then asked, "How much foreign debt does Midea still owe now?"

He Guoyuan thought for a while and replied: "There are almost 2 billion US dollars." ”

Since its establishment, Midea's annual net profit has been very impressive, except for some mergers and acquisitions and investing hundreds of millions of dollars in the deep sea to build large-scale factories, there is not much consumption in other aspects. The reason why he owes such a large amount of foreign debt is also because when Xu Zhi bought Disney, he used Midea as a guarantee and obtained $2.4 billion in funds.

Disney, which has just been acquired, has been in difficulty in its own operation, and it is obviously impossible to repay this huge amount, so the loan is pressed on Midea's account.

Xu Zhi was surprised: "There are so many?"

He Guoyuan nodded and said: "Yes, chairman, the total amount of this loan is 2.4 billion US dollars, the annual interest is 10%, and the total number of years is a total of ten years, and now with interest, we have to repay 480 million US dollars every year, even if we return with Midea profits, the pressure to repay this money is not small." ”

"That's it, Disney's income from movies last year was good, and I will transfer some of the debt out in these two months, but after all, $2 billion is too much, and Disney, which has just recovered, will definitely not be able to bear it, so Midea will bear a billion dollars and pay off half of the debt at once!" Xu Zhi thought for a while and said, Disney's net profit last year exceeded $400 million, and this year will only be more, growing pains premiered in November last year, and soon became a dark horse in American ratings.

The number of people installing Disney's premium channels has increased by millions, and this revenue alone has reached hundreds of millions of dollars in a year, and the station's advertising expenses have also risen.

An excellent American drama is by no means inferior to some popular movies in terms of revenue, such as the most famous Friends in later generations, which ended in 2004, but even after 15 years, various copyright peripheral income can earn a net profit of more than $100 million per year. The growing pains may not be as good as Friends, but they can also make a lot of money for Disney.

In terms of movies, Mike Eisner is indeed a talent in this area, he has positioned the direction of Disney's development, new movies come out one by one, from the box office to the periphery, Disney will make a lot of money.

In order to reward Mike Eisner for his contributions, before Christmas last year, Xu Zhi signed a year-end reward plan, and Eisner alone won a reward of 5 million US dollars.

And what's more, The Lion King is already in the works, and once released, the return will be at least a few hundred million dollars.

Therefore, Disney is now enough to take on $1 billion in debt, and Xu Zhi also needs to put a little more pressure on Disney's team.

"$1 billion, no problem. He Guoyuan thought for a moment and replied: "I can raise funds immediately to clear this debt." ”

"If you clear your debts, you can do that. Xu Zhi nodded and said, "However, next, I still need to use Midea as collateral to borrow a larger amount of money!"

"A bigger loan?" He Guoyuan paused and asked, "Is the chairman preparing to acquire a large company again?"

Xu Zhi shook his head and said: "No, this time, I am going to raise funds, not for acquisition, but to invest in Japanese real estate and stock markets, but this time is different from the acquisition of Disney, this investment itself has hematopoietic ability and can maintain the payment of interest, so I just need to use Midea as collateral." ”

In the real estate market, there is a professional term called rent-to-sale ratio, which directly means how many years of rent can buy the house.

In the international market, most areas do not exceed 1:10, so in cases where the interest is not particularly high, the high rent is enough to cover the interest on the loan.

The office buildings in Xiangjiang can barely do this under normal circumstances, but not in the mainland in later generations.

In Japan in the 80s, especially after the Plaza Accord, in order to stimulate the economy, the Japanese government had very low bank interest rates, but rents also increased sharply with the skyrocketing housing prices, which was enough to cover the interest on loans.

"Then how much money is the chairman going to use as a mortgage from the United States?" He Guoyuan asked.

Xu Zhidao: "About $4 billion." ”

"4 billion?" He Guoyuan was silent for a moment and said: "Chairman, I know that real estate and finance are very profitable, but the current business situation of our Midea is very good, such a large loan, if there is a problem with other investments, it will seriously affect the normal operation of Midea!"

"Don't worry, I know in my heart, 4 billion US dollars, is only about three years of Midea's profits, and I invest in the Japanese housing market and stock market, I will not use too much leverage, even if I really lose, I will not lose all my money. Xu Zhi smiled and comforted.

This is just to let He Guoyuan not worry about the comforting words he said, and the 4 billion US dollars invested in Japan are naturally to lay out the upcoming Plaza Agreement.

The agreement was born out of a game between the United States and the economic powers of Japan and Europe. The U.S. government has been running a massive trade deficit since the '70s, reaching $160 billion in 1984 alone, or 3.6% of GDP, and has been increasing dramatically every year, while also snowballing.

By 1985, Japan replaced the United States as the world's largest creditor country, and Japanese-made products flooded the world, and a large number of industries, land, minerals, and real estate in the United States were "peacefully occupied" by Japanese capital, and the performance of World War II was also unsuccessful.

As a result, a large number of congressmen and big business groups in the United States began to persuade the White House to demand that the US government intervene in the foreign exchange market and at the same time restrict the entry of Japanese products.

In the eyes of the Japanese government, on the surface, its own products are majestic in the global market, but in fact the government is considering political issues, the United States Congress in 1984 put forward 400 bills, all of which require dumping sanctions on Japanese products, and once the United States moves, European countries may also update synchronously.

In this environment, when President Reagan decided to negotiate rather than intervene forcibly, the Japanese government showed a strong willingness to cooperate, even beyond the expectations of the U.S. negotiating team.

Later, European countries also joined in, so the Plaza Accord began formal negotiations, and the final result was that the yen, mark, and lira appreciated at the same time to maintain the trade balance of the US government and the stability of the US dollar.

This is the first and last large-scale intervention by Western countries in market exchange rates since World War II, and the agreement is set against the backdrop of the outcome of the global economic and political game.

Therefore, the birth of the Plaza Accord will not change in any way, and even if it has a certain impact, it will at most affect the time of signing or part of the agreement.

He Guoyuan said: "However, I think this investment is still too risky!"

"It's too big, I don't think that the last time Hutchison raised 3 billion Hong Kong dollars in the stock market, I used it to invest in General Electric, and many people said that I was a gamble, but as a result, I made 10 billion. Xu Zhi shrugged and said: "This time is not only beautiful, but I will also transfer 5 billion Hong Kong dollars from Hutchison's existing account to invest in Japan together!"

"Since the chairman has decided, I will immediately prepare the detailed financial statements of the United States for the past two years. He Guoyuan was a little helpless, so he could only agree.

"Okay, thank you very much. Xu Zhi said with a smile, to go to the bank for a loan, naturally need a lot of internal data, after all, the current Midea is not a listed company, the loan process is still relatively complicated, the necessary data must be provided clearly.