In addition to training, the recruits also participated in the construction of the base, becoming a rare labor force, alleviating the problem of insufficient workers in the construction of the base and greatly reducing the cost.

Whether it is training or anything else, they show a high degree of adaptability and hard-working spirit, and the recognition and acceptance of their identity is much faster than that of the soldiers of country M, which makes the officers of nationality M both surprised and praised.

But there is a big problem for Z nationality soldiers, and that is the language problem.

Some of them know some English, but their level is not too high, and they can barely cope with daily conversation, but it is very difficult to communicate professionally in military affairs.

However, the officers are all from country M, so it is very difficult for officers and soldiers to communicate with each other.

Although a group of Chinese Americans were recruited from country M as translators, they were still not enough, so Tang Chuanjiang was also sent, and even Liu Fuyi, who spoke in Chinese, was put into battle, and Pang Jindong himself often made cameos.

However, even in the case of sufficient translation, the efficiency of an order or explanation is greatly reduced after it has been translated and then executed.

Pang Jindong's solution to this problem is a two-pronged approach, on the one hand, training recruits in English, and on the other hand, training officers in Chinese.

I hope that in about two months, they can basically break through the language barrier, be able to accurately execute orders and communicate daily.

In addition, the cultural skills of these recruits are generally not high, so they have to undergo the necessary training, plus language learning, which greatly extends the training time.

But despite this, there is no substitute for their advantages.

It took more than a month for the training of the recruits to finally get on the right track, so that Pang Jindong could take time out to do some other things.

During this time, the subprime mortgage crisis intensified and deepened, spreading to the whole world, threatening to evolve into a full-blown financial crisis.

In country M, in the face of the $17.4 billion forced debt from Wall Street, New Century Financial has filed for bankruptcy protection, and at the same time laid off 54 percent of its employees.

Since then, the U.S. Home Mortgage Investment Corporation, another major financial institution, has filed for bankruptcy protection, and Bear Stearns, the fifth-largest investment bank, has announced the collapse of two of its funds.

Citigroup also announced a loss of $700 million, but that was a small amount for a financial conglomerate that made $20 billion a year.

In Europe, the Industrial Bank of Country D issued a profit warning, and its Rhineland Fund, which has a scale of 10 billion euros, and the bank itself, suffered huge losses due to its participation in the subprime mortgage market of Country M, with an expected loss of 8.2 billion euros.

BNP Paribas, the largest bank in country F, also announced the freezing of three of its funds, which caused the European stock market to plummet.

In Asia, Japan's second-largest bank, Mizuho Bank, announced a loss of 600 million yen, while the national losses did not stop there, with its nine largest banks estimated to hold more than one trillion yen in subprime mortgage-backed securities in country M.

These are just the tip of the iceberg of the crisis, and it is only the beginning, as the world's financial institutions have unleashed a storm of failures, and the stock market has suffered the worst plunge since 911.

Although central banks have invested heavily in trying to bail out the market, they have had little success, at least short-lived.

The so-called "a few happy and a few sad", if there is crying, there must be laughter.

Under this kind of shape, Tang Yun did not leave the Hongyan Valley base, and manipulated funds to move to country M and Europe.

Now she spends almost 24 hours a day in front of a computer screen, even when eating, and only naps when she is too sleepy to hold on.

For her, watching the invested capital snowball is an irreplaceable pleasure.

It was also at this time that Tang Yun and Chen Yubo completely broke up.

Different from Pang Jindong's idea, Tang Yun's showdown was not technical, but just directly sued Chen Yubo, and the relationship between the two sides was terminated, and the tens of millions were all regarded as compensation.

Chen Yubo's reaction was also very calm, and he simply said: "Got it, goodbye!" and hung up the phone. According to Tang Yun's surveillance, Chen Yubo has remobilized manpower and funds to prepare intensively for the acquisition of the US National Financial Services Company.

Due to Tang Yun's apostasy, Chen Yubo has wasted a lot of time, and the current opportunity can no longer be missed.

Although his pre-arranged plans have all been carried out smoothly, such as encouraging a large number of lenders to sue the CFC, and the CFC has indeed become a hot potato, it is not a potato that no one dares to touch.

This means that Chen's acquisition plan has met with a competitor, so the expected price may be raised.

Pang Jindong was much luckier, the plan to acquire New Century Finance was implemented smoothly, and related negotiations have begun.

Pang Jindong mobilized three forces for this purpose, including the Imperial Holding Group, which directly belongs to himself, the Global Development Fund of Xiaodong Fund Management Company, and the Zhengdong Group.

In addition, there is Tang Yun's contribution in his personal name, but this part of the capital is very small compared to these three.

It is worth mentioning that Xiaodong Fund Management Company, because it has been warned of the financial crisis in advance, so the funds have been moving forward lightly, and in many cases even short positions, but the financial crisis has not had much impact on it.

The domestic QDII that went to sea one after another, the ordinary open-end fund because of the stock market all the way down, the net value of the guide zhì suffered heavy losses, Xiaodong Fund Company in this situation is outstanding, to the maximum extent to ensure the interests of fund holders, the reputation has been greatly improved.

Since Imperial Holding Group has the largest share, it is leading the acquisition. Han Feng convened representatives from the three parties, recruited talents in various fields, and formed a huge acquisition group, which has arrived in country M for negotiations.

Although Pang Jindong did not personally experience the negotiation site, he has been paying attention to the progress of the negotiation, and had a phone call with his godfather Shen Hao for a long discussion.

Shen Hao asked a very critical question: "What do you plan to do after the acquisition is successful?"

"Continue to carry out the mortgage business, although the market is currently experiencing a cold winter, but the four major events in life are 'food, clothing, housing and transportation', the real estate market will not always be in a downturn, and the people who can pay off the full amount at one time are a minority after all, so the lending market will also be brought into the new spring. ”

"But now it seems that this economic crisis will not end in a short period of time, that is to say, for a long time, our investment in New Century Finance will not see output, and it will also require a lot of operating costs. Sighing, Shen Hao said meaningfully: "Of course, this is under the premise of maintaining the current situation of this company!"

When Pang Jindong heard this, he immediately understood that his godfather was not very interested in New Century Finance, and he did not agree to Chen Yubo's invitation at that time, and the real reason was that he was not optimistic about the overseas financial market in a short period of time.

He was able to join this acquisition plan solely to support his own business.

People who don't know much about Shen Hao's character, if they know the antecedents of this incident, will be puzzled by why he didn't dissuade Pang Jindong from the beginning since he was not optimistic about the acquisition.

With Shen Hao's mind and so many years of experience in the shopping mall, it seems that he should be far more insightful than Pang Jindong.

Pang Jindong knew Shen Hao well enough to know that his godfather had always dared to let go. Pang Jindong remembers that when he was a child, he went to climb trees or houses by himself, and his godfather never stopped him like other parents.

His theory is that, first, this will exercise courage, and second, if you stop it now, you will not really realize how dangerous this behavior is, and you will only experience it if you fall down and feel the pain.

In addition, Shen Hao is confident, but he is not stubborn and willing to give others a chance to try, which is also one of the reasons for his success.

Thinking of his godfather's good intentions, Pang Jindong was quite moved in his heart, it doesn't matter if he can make money or lose money now, what really matters is that he must not let down the people who care about him: "Now it seems that only China is the most stable, so I plan to introduce it into China." ”

"How do you do that?" Shen Hao's tone was very calm, as if he had long expected Pang Jindong to have such thoughts.

"First of all, we can set up a bank to carry out ordinary savings business, and then we can make every effort to develop the domestic mortgage market. ”

"Are you optimistic about the domestic mortgage market?"

Pang Jindong replied decisively: "Yes!"

"But now there is a supply outage!"

In this case, the only thing that is the same between domestic and foreign countries is that as long as the real estate market is prosperous, the lending market will also boom!

"So what do you think of the domestic real estate market?"

Pang Jindong specifically analyzed: "Although the government has taken a series of measures to try to lower housing prices, but housing prices have never really come down, why? Because the biggest boss in the real estate industry is actually the state, and the country makes the most money from it." At that time, the commercialization and monetization of public housing was carried out in order to draw funds from it. The essence of these policies is to compress the profits of real estate developers to reduce housing prices on the premise of ensuring the national interest, which is obviously impossible to do. The government is unwilling to make less money or take out some money to allow ordinary people to buy cheap houses, so it is absolutely impossible for housing prices to fall. ”

"Housing prices in many cities have fallen sharply!"

"These cities are highly densely populated and economically developed, and the decline is in the prosperous areas of them, and these houses have been speculated too high in the previous two years, and have deviated from the original value, so it is reasonable to have a certain correction. ”

Shen Hao questioned: "Are you so sure?"

"What we are implementing is not the policy of hiding wealth from the people, the state has three major gold absorption opportunities for the people, the first is the world's best heavy taxes, but for the majority of ordinary people, there is not much direct impact; the second is the securities market, as long as you control your greed and do not get involved, you can basically not be affected; the third is the real estate market, and no one can avoid buying a house and settling down, not to mention how many people rely on speculating in houses for a living. ”

Although Shen Hao did not agree, he already had a similar point of view in his heart, but he needed Pang Jindong to make an in-depth analysis independently, only in this way could Pang Jindong make a correct plan for the future: "The real estate market is very sluggish now, and many new projects can't be sold at all, what do you think about this?"

The fundamental reason for the downturn is that many people have expectations for lowering housing prices, so they have adopted a wait-and-see attitude!" After a pause, Pang Jindong continued: "Don't look at the current clamoring to reduce housing prices, if housing prices really come down, without the central government's order, various local governments will take various measures to stimulate the market." Because our economic development at this stage, a large part of it is driven by the real estate industry, which is directly related to dozens or hundreds of industries. If real estate collapses, everyone will be affected, and the economy may even enter a long-term downturn. So until our economy is completely transformed, the real estate industry can't collapse anyway. In addition, with the experience of country M, if there is indeed a large price reduction, the current supply interruption will expand and evolve into a domestic version of the subprime mortgage crisis. ”

"Are you sure that house prices will rise again?"

"After this period of time, even if it does not regain its upward trend, it will definitely maintain the current price level. ”

"Hmm!" Shen Hao only used this one word to express his agreement with Pang Jindong's theory, and then turned the topic back to the development plan of New Century Finance: "Even if the domestic real estate can maintain long-term prosperity and bring New Century Finance to China to carry out housing loan business, will there be no adaptation?"

"At present, the state-owned banks in China not only provide poor services and have the style of an official, but also have a rather backward business philosophy. Many of the cases in which they manipulate the media and the judiciary and take advantage of their monopoly have almost developed to the point of common indignation. For example, if an ATM withdraws counterfeit money, the bank is not responsible; if an online bank is stolen, the depositor is responsible; if the bank gives more money, the depositor is obliged to return it; if the bank gives less money, he is not responsible for leaving the counter; the president of a certain bank is only sentenced to 12 years for embezzling 400 million yuan; and someone takes advantage of the failure of the ATM to withdraw 170,000 yuan more, but is sentenced to life imprisonment. Faced with such banks, sane people want them to go bankrupt. In contrast, the good service of foreign banks has long been expected by the Chinese people. ”

Shen Hao smiled and asked a very fatal question: "But have you ever thought that the brand awareness of Chinese people is very strong?"

"Godfather...... What do you mean......"