Chapter 657 Subprime Mortgage Crisis, Short

"Brother Hu, I thought I would stay in the devil and not come back. Chen Jialin sat down unceremoniously, "Chunchun, my little princess misses your little Yifei, Ming'er will take him to the house to play?"

Tian Sichun often took the little guy to Liu Jia before, and the two children were very familiar with each other, so Chen Jialin said this.

"Okay, I've been out for so long, and I just want to go see Jiajia. Ah Yang, Chen Shao, you talk slowly, I'm done. ”

After Chen Jialin teased Xiao Yifei for a while, Tian Sichun left the dinner table with the little guy.

Someone had already prepared tableware for Chen Jialin, and Hu Yang opened a bottle of red wine by the way.

"How's the company doing?"

Hu Yang poured two glasses of wine, one for each of them.

"The company's situation is good, and the sales of domestic smart phones have shown explosive growth in the past six months. At present, almost every new domestic brand has cooperated with us. ”

Chen Jialin picked up the wine glass, shook it gently for a while, and then took a sip.

Compared with the charm of semiconductors and microelectronic devices to survive from the cracks, the development of Stubborn Stone Technology has always been smooth.

At present, Stubborn Stone Technology is not only the largest 3C foundry enterprise in China, but also the world's largest 3C foundry enterprise, and almost all giants in the field of consumer electronics have cooperation.

Of course, this does not include fruit companies.

After Wesley withdrew from the country, the products of the fruit company were still handed over to Hon Hai OEM. Moreover, it basically has no business dealings with Xintong International and Charm Semiconductor.

According to Chen Jialin's estimates, the revenue of Stubborn Stone Technology will exceed 80 billion yuan this year, and it is moving towards the 100 billion level.

"With you Chen Shao, the company's development can't be wrong. ”

Hu Yang also asked casually just now, but he didn't expect Chen Jialin to explain the company's situation very seriously.

Under the Huijia system, the last thing to worry about is Boulder Technology and Charm Electronics. Both companies have their own strengths, but both are world-class in their respective fields.

"Brother Hu, we don't have to praise each other, right? I'm really down to business when I come to you. Recently, there are two smartphone manufacturers in China, and their order numbers are growing very rapidly, I am worried that it will have a big impact on Charm Electronics and Mingkang Communications?"

Chen Jialin came over today, mainly to see Hu Yang, after all, the two haven't seen each other for half a year. Also, he saw something from the change in the number of orders in the company, and wanted to remind Populus euphratica.

"I really don't know what you said, and there is no feedback from Mr. Yan. Well, I'm going to the office in the afternoon, so I just happened to ask them. ”

The rise of domestic smart phone brands is not unexpected by Populus euphratica.

In that time and space, domestic smart phones have also gone through many rounds of brutal fighting, and the last few remaining ones have basically reached the international market and have a considerable share.

However, except for Mingkang Communications, all smart phone manufacturers basically do not have their own core technologies, and key components are also very dependent on external supply.

The situation of Charm Electronics is special, after all, it belongs to the core enterprise of Huijia. On the whole, Mingkang Communications, Xintong International, Charm Semiconductor, Oriental Technology, etc., can provide them with key components and strong anti-risk ability.

Other smart phone manufacturers do not have this advantage. To some extent, they are still very dependent on the supply of core technology and components from North America, and if there is a problem in the supply chain, they can't even resist.

"You just have to know it in your heart! If you have something to do in the afternoon, you won't drink. Wait a few days, let's go out and have fun for a few days, and then we'll talk later. ”

After Chen Jialin sat down, he ate something casually, drank a glass of red wine, and got up to leave.

Hu Yang had eaten, took a nap, and then went to his office in the Investment Building.

After sitting in the office for a short time, Yan Hanzhang knocked on the door and walked in.

"Mr. Hu, it's been hard all the way. Why don't you rest more at home?"

Yan Hanzhang didn't expect Hu Yang to call him up as soon as he came back, with a smile on his face, but he was a little apprehensive in his heart.

"It's okay, I took a break at noon. Mr. Yan, there has been no change in all aspects of Charm Electronics recently, especially the market share. ”

Populus euphratica was not verbose, and asked directly about the charm electronics.

"Mr. Hu, the production and operation of Charm Electronics is normal, and the market share has not changed significantly. However, the company has encountered relatively large resistance in expanding the market, and it is very difficult to improve every bit of data. ”

Yan Hanzhang said as he flipped out a few pages of information from his bag.

These are the company's special statistics of market change data, from the data point of view, the domestic market three side by side, a monopoly pattern has not been broken.

Two domestic companies have sprung up and begun to emerge in the domestic market. However, the domestic market share of the international giants represented by S Star is quietly shrinking.

Hu Yang took the information from Yan Hanzhang's hand, looked at it carefully for a few minutes, and understood the current situation.

The two domestic companies that have sprung up have not had any impact on the hegemony of Charm Electronics for the time being.

In addition to Charm Electronics, the market share of Mingkang Communications and Fruit Company also changed little. However, charm electronics occupies half of the domestic smart phone market, and there is almost no hope of continuing to improve the market share.

In other words, the emerging smart phone manufacturers not only squeezed the market share of some international giants, but also squeezed the growth space of Charm Electronics, Mingkang Communication and Fruit Company in the domestic market.

At present, in the domestic market, the market share is ranked as charm electronics, Mingkang communication, and fruit company.

"Mr. Yan, pay attention to these two new companies. Don't underestimate others, lest you be careless and lose Jingzhou. Alright, you go about your business, I just came back and have a lot of things to do. ”

Hu Yang reminded him and returned the information to Yan Hanzhang.

For this kind of thing, it is enough for him to say a word, and let Yan Hanzhang handle the rest of the things by himself. said a thousand ways and ten thousand, he only has one head and two hands, and the spread is wide, and what he can rely on is the strength of the team.

"Okay, Mr. Hu, I understand. ”

Yan Hanzhang got up and left the room, and Hu Yang began to process the documents that Mi Qi had sent before.

"Boss, what's the busy?"

Bow your head to work, time flies, and it is four o'clock in the afternoon in a blink of an eye.

Someone knocked on the door and walked in, and Hu Yang thought it was Wu Xinhui at first. But as soon as the other party spoke, he realized that something was wrong, and when he looked up, he saw Xia Bing standing at the desk with a smile.

"It's you...... Mr. Xia, you go to the tea room and sit for a while, and I will go over as soon as I finish processing this document. ”

Hu Yang greeted Xia Bing with a smile, and then bowed his head to sign the approval documents.

Xia Bing didn't care, knowing that this was Populus Hu's work habit. She came to the tea room with a familiar car, Wu Xinhui chatted with her for a few words, and began to boil water to make tea.

After about ten minutes, Hu Yang walked in.

"Boss, this time the acquisition of microelectronic equipment is well done! However, it is still cheaper to buy the state-owned assets and peak capital of the magic capital, and it is precisely because of their two companies that we have suffered a lot. ”

Xia Bing has been deeply involved in this matter since she started fighting for the country's 100 billion subsidies, although she did not go to the magic capital for the final acquisition, but she has been caring.

She especially has a big opinion on the state-owned assets of the magic capital, if it were not for the introduction of peak capital by the other party, the original merger and reorganization plan would have been realized.

"Mr. Xia, some things are difficult to distinguish between right and wrong. At that time, the state-owned assets of the magic capital also wanted to strive for the greatest benefits, who let us support Bolong Optics in the matter of subsidies at that time?

As for the introduction of peak capital, it cannot be said to be good or bad. In the end, it was because of them that I was able to successfully acquire microelectronics. ”

Hu Yang smiled and shook his head, his so-called success is also Xiao He ...... Modu State-owned Assets introduced Summit Capital to compete with Huijia system, but in the end, it was because Summit Capital mortgaged shares from Hu Yang's hand to borrow money, thus giving up control of the company.

It can be said that without the variable of peak capital, it would be very troublesome for Hu Yang to acquire microelectronic devices.

"Boss, you're always so magnanimous. If it were me, I wouldn't let the magic capital take advantage of this. You think, the future development potential of Bolong Optics is unlimited, and they now account for 8% of the shares, which is similar to pie in the sky. ”

Xia Bing still complained, but she complained about it, and she also knew that this fact could not be changed. These words will be pulled down after being said today, and they will not be mentioned again in the future.

Hu Yang smiled and didn't argue with her.

As a woman, it is understandable that Xia Bing is occasionally small-minded.

In the matter of dealing with the state-owned assets of the magic capital, there are naturally different opinions within the Huijia department. But Populus euphratica thinks more, especially about the relationship with the magic capital. Anyway, this ending is the best, and he doesn't have to explain the internal reasons to his subordinates.

"Boss, let's get down to business. I've got some information that there seems to be something unusual about the economy in North America. This is the relevant information, you have time to check it out. ”

Walkers International Investment pays more attention to the economic and financial conditions of North America, the European Union and East Asia, and whether there are investment opportunities or not, this is a long-term and important work.

Xia Bing recently felt that the economy in North America was a little wrong, but after careful analysis, he couldn't find the reason, and he felt a little strange in his heart.

Hu Yang took the information and read it for a long time, and his heart couldn't help but feel turbulent.

Because he has memories of that time and space, after reading these materials, he can basically conclude that the economy of North America is not in trouble, but in a big way.

At that time, the subprime mortgage crisis began in North America in 2007. The crisis affected all the world's major economies, and its devastating effects remained unresolved for several years.

Although this point in time is not the same as I remember, according to the data, it is definitely a precursor to the outbreak of the subprime mortgage crisis.

Now, there are already North American hedge funds on the verge of bankruptcy, the stock price of the banking sector is sluggish, existing home sales in the United States are declining, and the housing market indicators are gradually deteriorating......

"Mr. Xia, put these materials here first. Also, you have to give people a little more insight into the economic situation in North America, especially the real estate and banking industries. ”

Hu Yang is a little unable to sit still, if the subprime mortgage crisis is really about to erupt, the North American property market and stock market will be seriously affected.

The largest investment in his dollar assets is Amazon stock. By the time the subprime mortgage crisis broke out in full swing, there was a wave of tragic declines in stock markets throughout North America, and individual stocks were no exception.

However, there is something special about Yamason's stock, and it is not yet at the point where it will really explode. Even if it falls this time, as long as you stick to it, the future gains are guaranteed.

It's just that this opportunity to short is very rare, and it's a pity to miss it.

After Xia Bing left, Hu Yang looked at his watch, and it was time to get off work.

He was also a little tired today, so he put this matter aside for the time being, and returned home from work on time.

After dinner, Hu Yang and Tian Sichun took the little guy to play outside the house for a while. The little guy rolled the ball on the lawn, covered in mud, and after playing for half an hour, he was taken back to the house by Tian Sichun to take a bath.

Hu Yang went into the house to wash his hands and went directly to the study.

That's right, given the possibility of a sharp decline in U.S. stocks in the short term, Hu Yang is considering whether there is an opportunity to short the index or individual stocks.

However, compared with the securities markets in Hong Kong and the mainland, there are many patterns in the US stocks, and it is difficult for ordinary people to figure them out.

For example, if you are short, you can choose stock index futures (including the three major stock indexes) or ETF products.

As for shorting individual stocks, you can choose to sell securities lending, buy put options, sell long options, etc., in short, it is very complicated.

"Maybe you can find a reliable stockbroker in North America?"

However, this idea was quickly overturned by him, not that he could not trust a securities broker, but mainly because the risk he took was a little too large.

Now for Populus euphratica, there is no need to pursue the rapid growth of wealth excessively. Similarly, he is not as willing to take high risks as he used to be.

After thinking about it for a long time, he decided to discuss it with Yu Hongbo tomorrow before deciding.

Following.

As soon as Hu Yang arrived at the office in the morning, he called Yu Hongbo and talked to him about his idea of shorting U.S. stocks.

"Boss, the trading volume of U.S. stock index futures is not large, and the risk is very difficult to grasp, so I don't recommend us to participate.

Bearish ETFs can be considered, and the leverage can be increased up to three times, and the risk is still within the tolerable range. The benefits are also modest, but they can be considered.

As for the various types of options, including call options and short options, the specific operation is indeed very complicated. If you're willing to try, there's a good way to do it. ”

Yu Hongbo thought for a long time before he clarified his thoughts.

Needless to say, he then focused on the issue of options. Because Populus has Amazon stock in his hand, he can consider buying Yamason's short options or selling Yamason's long options.

However, the risk of buying a short option is not the same as selling a long option.