Chapter 11 The Difference Between the State and the Chaebol
Tokyo, Japan.
Sumitomo Trading Co., Ltd. Headquarters.
In the president's office, Yasuo Hamanaka knelt on the ground in a dejected manner.
In front of him, standing was Sumitomo President Hirokazu Akimizu.
Japan's chaebol has been able to pass on for hundreds of years, largely because of the adopted son inheritance system.
In Japan, the system of adopting adopted children has existed since ancient times, from the imperial family to the common people.
In the samurai era, the adopted son system reached its peak, and maintaining the continuity of the family and the continuity of the family business was an important purpose of this system.
The uniqueness of the Japanese adopted child system is that even if a family has its own children, it is common for a family to have adopted children of the opposite sex or sons-in-law.
This characteristic allows Japanese families to seek better development as an interest group, regardless of blood ties.
For example, Takayoshi Kido, one of the three heroes of the Meiji Restoration, Hirobumi Ito, the first prime minister, and Hideki Yukawa, winner of the Nobel Prize in Physics, are all adopted sons.
Akimizu Hongichi is also an adopted son.
But under Japan's adopted son system, he is still Sumitomo's highest spokesperson.
"Bang Bang...."
Akimizu Hirokazu's face was full of anger, and he raised his slap to start work left and right in the face of Yasuo Hamanaka.
"Yaga, do you know what kind of crisis Sumitomo has fallen into because of your stupidity. Because of your stupidity, Sumitomo has suffered a lot of loss. Yasuo Hamanaka, I'm disappointed in you. ”
"I'm sorry President....I..."
Yasuo Hamanaka's face was full of fear.
This time, he cost Sumitomo billions of dollars.
If it was placed in the samurai period, he would have only committed suicide by seppuku.
"Bang Bang...."
After a few more slaps, Akimizu Hiroichi seemed tired.
He didn't want to look at Yasuo Hamanaka again, and kicked Yasuo Hamanaka to the ground.
"You've been fired now, wait to accept your punishment. ”
On the same day, Sumitomo Corporation President Hirokazu Akimizu announced that Sumitomo Chief Trader Yasuo Hamanaka had participated in copper futures trading without authorization, causing a huge loss of $4 billion for Sumitomo Belt.
Yasuo Hamanaka was then sentenced to seven years in prison for trying to hide more than $2.6 billion in damages.
As soon as this news was announced, it immediately caused a global boom.
Countless people are speculating about who Sumitomo's opponent is.
Futures trading is a zero-sum transaction, and someone loses and someone earns.
Sumitomo has lost such a large amount of money, so whose hands did Sumitomo's huge loss money flow to?
For a time, there was a lot of discussion in the global financial community.
This is not a general business curiosity, but the whereabouts of these funds will go to some extent determine who will play a bigger role in the copper futures market in the future.
Soon, the big traders on London copper were exposed by people with good intentions.
There are mainly some international funds that are short in international copper futures, including large US financial investors.
The Quantum Fund of Soros, who "defeated" the British government in one fell swoop in the 80s, as well as Robinson's Tiger Fund, Canadian billionaire Blake and at least one well-known European metals trader.
No one knows who spread the news.
But the financial markets hold a huge amount of wealth, and under the huge wealth, it is difficult to really hide secrets.
Some traders believe that these funds are now more or less in control. But little is known about how much they have profited from the turmoil and what impact it will have on copper prices.
The news is getting more and more intense.
Conspiracy theories, sniper theories and global capital jointly sniping at Sumitomo and other remarks have made the fund managers who have been exposed anxious one by one.
New York, USA.
Quantum Fund Headquarters.
Soros is not at all excited to make a lot of money.
In Soros's position, he deeply understands how terrifying an ancient chaebol like Sumitomo is.
If this matter is not handled well, he will face Sumitomo's endless assassinations.
The sword of the Son of Heaven does not do assassination.
Sniping at a country in the financial markets and sniping at a chaebol are two completely different concepts.
A country is built on credibility and faith.
When a country liberalizes its financial markets, it will inevitably face a variety of challenges.
It doesn't matter if you win or lose.
It is impossible to do anything shady because of failure and financial loss.
No country can afford that kind of consequence.
But a chaebol is different.
The chaebol is in the hands of individuals.
The country will not have joys and sorrows because it takes care of the overall situation, and even because interests can turn enemies into friends again.
Historically, it has been common for nations to turn enemies into friends.
However, individuals and consortia are different.
Individuals will have all kinds of emotions, grievances, and hatreds.
Under the interests and the overall situation, the country has never really fought to the death.
But individuals can be blinded by hatred and kill people recklessly.
This time, Sumitomo suffered a huge loss on London copper, and even with Sumitomo's net worth, it would be very painful.
Presumably, Sumitomo's top brass are eager to kill people.
In this case, where can Soros get excited.
At his level, he deeply understands how terrifying a century-old chaebol is.
He didn't want to face the endless assassinations of the Japanese dead at all.
For the news to be spread inexplicably, Soros felt a deep headache.
After all, it's better to be careful when going against the deep-pocketed Sumitomo Foundation, and don't make a noise when you make money.
Soros doesn't know who is so unvirtuous to do such a pointless bastard thing.
After thinking about it for a long time, Soros made a decision.
He had to get his word out.
"Kevin, go and help me make a statement to convey that I'm not an enemy of Sumitomo. ”
Kevin, full name Kevin Johnson.
He is Soros's face in front of the media.
Johnson doesn't understand why his boss is nervous about a Japanese consortium, you know, the quantum fund led by Soros is terrifying to all European heads of state.
Back then, the Quantum Fund sniped at the currencies of various countries, and it was a sniping at the central governments of various countries.
But the Quantum Fund has never explained it.
And now, Soros actually asked him to explain to a Japanese consortium.
Kevin wondered.
"Boss, is Sumitomo really that scary?"
"No, no, it's not Sumitomo who is terrible. Kevin, you don't understand the rigidity of the Japanese, we have caused Sumitomo to suffer billions of dollars in losses this time, and they will be annoyed. Now, you just do what I want. ”
Kevin Johnson didn't dare to defend himself.
In the Quantum Fund, Soros has supreme authority.
On the same day, Quantum Fund, a well-known hedge fund on Wall Street, held a press conference in New York.
Soros spokesman Kevin Johnson vehemently refutes the recent global rumors.
Kevin Johnson said.
Soros has stayed in the United States and has not intervened in the London copper futures market, and the Quantum Fund has no business dealings with Yasuo Hamanaka.
……
。 m.