Chapter 1091: The Beginning of the Collapse on
Liu Mingzhang and Li Yunqing are happy, however, what about Lu Shaohua, he is naturally happy, Lin Yi's performance is undoubtedly telling him that after Liu Mingzhang and Li Yunqing, Phoenix Finance has another person who can take the lead, isn't this worth being happy about?
Therefore, after Lin Yi finished speaking, Lu Shaohua glanced at him meaningfully, and then expressed his position and said. "Sometimes it is necessary to be resolute and decisive, and this financial turmoil is obvious, we can't be like in 97, hard to bear, because even if we carry it, there is no way to stop the spread of the storm, it is better to improve the stock price and the broader market index in the later stage of the financial crisis."
Lu Shaohua's words are undoubtedly agreeing with Lin Yi's second set of plans, as for the later increase in stock prices and the market index, they are all Lu Shaohua's plans, and this plan can bring great benefits to Lu Shaohua, and he will make a lot of money.
Knowing that you can't stop barring and still going to the bar, that's an unwise choice. At the same time, Lu Shaohua also knows that it is estimated that after the financial turmoil really breaks out, there will be a large number of Hong Kong shareholders who call on Phoenix Finance to come out to save the market, after all, in 97 years, it left an impression on many people, and at the last moment, Phoenix Finance stood up and turned the tide and rescued Hong Kong.
However, this time it is different, Phoenix Finance is destined to be incapable of turning the tide, so when the second set of plans proposed by Lin Yi was adopted, Lu Shaohua also gave an order. "Lin Yi, you will hold a press conference tomorrow in the name of Phoenix Financial, let the shareholders be careful, well, don't say it too obviously, just say that the recent stock market is a little weird, don't cause panic, otherwise the Hong Kong stock market will fall sharply."
Phoenix Finance has a strong influence in Hong Kong, and it really did a good job of Phoenix Finance sneezing, and the Hong Kong stock market shook three times.
Since a sneeze from Phoenix Financial can make Hong Kong's stock market tremble, why did Lu Shaohua ask Lin Yi to hold a press conference? Isn't that a paradox?
This is also the case, but Lu Shaohua still intends to do this, and the reason is very simple, that is, to remind him out loud, as for whether Hong Kong's shareholders believe or not, Lu Shaohua can't be sure, the only thing he can do now is to remind him, if someone believes it, he will withdraw immediately, and those who don't believe it will have no choice.
There is another reason, that is Lin Yi, although the outside world knows that he is the deputy general manager of Phoenix Finance, but it is not his turn to come forward in normal times, it can be said that Lin Yi is a new face, and now he comes out to speak, and there is not much credibility in the outside world.
In other words, few people may believe what Lin Yi said, in this way, Hong Kong's stock market will not be chaotic, and it cannot be denied that Lin Yi represents Phoenix Financial Company.
After the financial turmoil afterwards, people will remember that Lin Yi reminded on behalf of Phoenix Finance, but they didn't believe it, and in the end, they lost all their money, even if Phoenix Finance didn't come out to save the market, they could only blame themselves for being greedy.
This is Lu Shaohua's real purpose.
And obviously, Liu Mingzhang and Li Yunqing both saw Lu Shaohua's purpose, and they smiled lightly and didn't say much.
But Lin Yi was a little confused and didn't know what to do, but it didn't prevent him from doing things according to Lu Shaohua's orders, no way, who let Lu Shaohua be the boss of the Phoenix Group, and he was just an employee of Lu Shaohua, what the boss said, he just did what he did.
The boss pointed out that he would hit there, this is Lin Yi's code of doing things, not to mention, Lin Yi is still happy to have a chance to appear in the media.
"I'll convene tomorrow morning." Lin Yi replied in a deep voice.
"Okay." With a smile on his face, Lu Shaohua nodded in response, and then muttered for a long time before changing the topic. "Let's talk about the global situation."
Yes, it's time to talk about the global situation, today is September 7th, but it's the time of Hong Kong, as for the time in the United States, it's still September 6th, it's still night, and there is not much happening in the United States on this day.
It's just that tomorrow will be different, that is, in the middle of the night in Hong Kong on September 7, during the day of September 7, US time, on this day, the federal political axe took over Fannie Mae and Freddie Mac, but it still can't prevent the crisis from intensifying.
In other words, in fact, the full-scale outbreak of the financial crisis officially began on September 7, US time, and in the following days, the situation continued to deteriorate until it collapsed.
However, Lu Shaohua summoned Liu Mingzhang and Li Yunqing at this time, undoubtedly to make the final mobilization meeting.
Li Yunqing is clear, Liu Mingzhang is also clear, and Li Zongen is even clearer, because they have the data provided by Lu Shaohua in their hands, and there is a date attached to the data file, so they are clear about when the financial turmoil will break out in full force.
The only one who doesn't know is Lin Yi, and Lin Yi is not a fool, he is sitting here today, although Lu Shaohua summoned him, but he knows very well that there is something for him in the first half, and there is nothing for him in the second half, the only thing he can do is to be a good listener.
Now Lin Yi is playing such a role, not making a sound, just sitting there motionless.
Lu Shaohua was very happy with Lin Yi's performance, and couldn't help nodding secretly in his heart before continuing. "According to reliable sources, tomorrow, that is, the night of Hong Kong time, the US political axe will take over some companies to try to prevent the outbreak of the financial turmoil, but the situation has developed to such a point that the US political axe is destined to be unable to turn the tide."
Lu Shaohua's statement was agreed by Liu Mingzhang and several others, and Liu Mingzhang even shouted to help. "The American political axe is naïve enough, the whole thing started because of them, they undoubtedly know the situation best, and they are still making the last effort, what is the difference between him and taking money and filling it in the sea, if it were me, I would put the money in my pocket, and I would be so comfortable."
Liu Mingzhang looks a little gloating, but I have to say that Liu Mingzhang is scolding the US political axe in another way, saying that they are fake.
"Isn't it always like this in the United States?" Li Zongen asked rhetorically.
Li Zongen's words went straight to the sore spot, and the American political axe is indeed often like this, and if it is pretentious, it is pretentious.
"Hehe..."
In this regard, Lu Shaohua smiled, as Liu Mingzhang and Li Zongen said, the US political axe is like that, but this is not the time to discuss what the US political axe is, what is discussed now is the situation.
"Okay, now is not the time to talk about the political axe in the United States, let's talk about this financial turmoil." Lu Shaohua interrupted the topic loudly, and then continued. "There is also news that Lehman Brothers is estimated to be unable to hold on, and bankruptcy is only a matter of time, and if Lehman Brothers falls, then this financial storm will really form, and it will sweep the world at lightning speed."
According to Lu Shaohua's memory, on the week of September 14, Lehman Brothers filed for bankruptcy after the US Federal Reserve refused to provide financial support.
It was on this day that Lehman Brothers fell, but it was not all, and on the same day Merrill Lynch announced that it had been acquired by Bank of America.
These two events marked the beginning of the following week's collapse of global stock markets in September 2008, when the market value of global stock markets plummeted on Monday, September 15 and Wednesday, September 17. On September 16, AIG was downgraded for holding a number of maturing contracts that had defaulted, and the insurance group itself was in a liquidity crisis.
In the event that AIG confirms that it is no longer able to find a lender willing to lend to it and save it from bankruptcy, the Fed is providing AIG with up to $85 billion in interbank credit facility at AIG's request, conditional on receiving 79.9% of AIG's equity capital and the right to suspend dividends or dividends on previously issued common and preferred shares.
On September 14, this is definitely a memorable day, because this day is the beginning of the global stock market crash, and at the same time, it is also the fuse of the financial turmoil that swept the world, but it is not over, on September 16, a large mutual fund in the financial market ReserveprimaryFund because of the disclosure of its holdings of Lehman Brothers (Lehman) bonds, its share price fell below $1, which led to a significant spread in the demand of investors to redeem their funds. The financial crisis worsened.
On the morning of September 18, the market capitalization of $4 trillion was marked by $500 billion in orders from institutional investors to "sellorders," while the Federal Reserve injected only $105 billion into the market, which immediately caused the market to collapse.
A day later, on September 19, the U.S. Treasury Department provided temporary insurance (akintofdicinsurance ofbankounts) to inject money into the money market. By the end of this week, the UK's Financial Services Authority and the US Securities and Exchange Commission (SEC) suspended shortselling trading in their countries' financial stocks; Similar responses have been taken by financial authorities in other countries. Market confidence has also been restored to some extent thanks to the efforts and public relations of the Treasury Department and the Securities and Exchange Commission.
Recovery is recovery, just recovery, and it is still a little bit, and it will not be able to support it for too long, because the financial turmoil at this time has broken out in full swing, and as the center of the storm, it is impossible for the United States to avoid it.
Yes, if you want to avoid it, that's a fool's dream, of course, the American political axe has announced a rescue plan, but is it useful?
(To be continued)