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Even if there is no financial turmoil, the economic retreat of RB is inevitable in reality, the so-called thin camel is bigger than the horse, and the RB economy is still enough to catch up with the country for several years. Japanese consumer electronics and home appliance manufacturers such as Sony, Panasonic, and Sharp will not be painful even if their exports www.biquge.info of industrial capital to Southeast Asia are frustrated by the financial turmoil.

The economy of country H is guided by large enterprises, and large enterprises such as Samsung and Hyundai can even directly control the economic policies of country H. Zhang Ke cannot admit that the economic crisis that broke out in country H this time will definitely be more disastrous, but large Korean enterprises such as Hyundai, Daewoo, Han Bao, and LG are doomed to be greatly damaged.

There are many factors that have completely emerged from the shadow of the economic crisis in four years, and Zhang Ke has always believed that the development of the mainland market by Korean-funded enterprises is one of the key factors. In particular, the Samsung Group, despite the sharp contraction of other businesses, was able to maintain a relatively rapid growth rate in '98 and '99 by relying on its leading electronic technology and active exploration of the mainland's 1.3 billion population market.

Zhang Ke regards Samsung as one of Kumho's strong opponents in the future, in this case, he not only hopes that the financial giants will attack country H more ferociously, but also begins to lay out the domestic consumer electronics and home appliance market; Kumho does not have enough influence to create policy obstacles in the domestic market for Samsung, not only Samsung, but also other Japanese and South Korean electronics companies, and the best way is to seize as much of the domestic consumer electronics and home appliance market as possible and reduce the chances of Japanese and South Korean electronics companies taking advantage of the domestic market to recuperate.

Kumho will focus on the consumer electronics market; The growth rate of the home appliance market, especially the white appliance market, in the next few years is very large, and Zhang Ke hopes that Xiang Xuehai can grow up quickly, eat up a certain gap, and reduce the living space of Japanese and Korean electronic enterprises in China.

On the other hand, the financial turmoil is raging at the low altitude in Southeast Asia, and the consumer electronics and home appliance manufacturing industries in Malaysia, the Philippines and other places are suffering a huge impact.

The technical and management talents and patented technologies of the consumer electronics sector are carried out in Kumho or in the name of the Oak Park Project, and they can pick up as much as they want, and without the financial turmoil, no amount of money can pick up good things.

The white electricity will be dispatched in the name of Xiang Xuehai.

In the past year, Xiang Xuehai has invested heavily in the construction of the manufacturing base of Binjiang Household Appliance Industrial Park in Huishan City, the construction of supporting enterprises, the construction of brands and sales channels, and has also successively introduced the production lines of air conditioners and washing machines from RB -- the equivalent of 50 million US dollars in yen loans obtained from RB are used in these two production lines, which is one of the loan conditions -- making Xiang Xuehai's product line rich. If you want to embark on the road of rapid expansion of products other than refrigerators, you must first ensure the expansion of technology and talents, which requires a large amount of funds.

Zhang Ke saw that Sun Shangyi still has one billion idle funds in his hands, which can be placed in Yuexiu Holdings, and through Yuexiu Holdings' complete injection of capital into Xiang Xuehai, Xiang Xuehai can go to Malaysia, the Philippines and other Southeast Asian countries to harvest high-quality white power assets and technology, and hire senior technical and management personnel who have lost their jobs due to the financial turmoil.

Yuexiu Holdings' capital injection into Xiangxuehai will also facilitate the spin-off of Xiangxuehai's assets from Aida Electronics for a separate listing in the future.

On the morning of August 18, Zhang Ke sat in his office in Li Ching Building in Central, Hong Kong, wearing beach shorts, and gave Sun Shangyi a detailed dissection of his intentions.

The biggest opportunity in the Asian financial turmoil is not speculation in the foreign exchange financial market; After the financial turmoil, a new industrial pattern will inevitably be formed, and in this process, the large-scale changes in industrial capital, technical resources and human resources will contain huge wealth.

In addition to reducing their stake in Aida Electronics, Sun Shangyi and his wife also reduced their stake in Jiaxin Real Estate in mid-June, obtaining more than one billion Hong Kong dollars of funds lying quietly in the account, which was supposed to be used as an emergency reserve fund for hedge funds.

In the more than two months since the hedge fund officially operated, its profits have nearly doubled, and in particular, Asian governments have adopted administrative measures to restrict speculative transactions after the financial turmoil in Southeast Asia, and the leverage ratio obtained from investment banks has become lower and lower.

Although the opportunity for speculative profits has decreased, there is no need to worry about the danger of liquidation, and there is really no need to lie in the account to eat interest on this huge amount of money in the name of Sun Shangyi and his wife.

After Jiaxing Industrial implemented the additional issuance and merger plan and changed its name to Aida Electronics, Ye Jia, Sun Shangyi, and Ge Mingde cashed out a total of 8% of the shares under their names at a high level, not to completely withdraw from the investment in the mainland electronics industry, of course, it is hoped that it will be absorbed at a low level; Zhang Ke was more straightforward, hoping that Sun Shangyi and others could directly inject their industrial capital into Yuexiu Holdings, and realize investment in the mainland's consumer electronics and home appliance manufacturing industries through Yuexiu Holdings.

Sun Shangyi was naturally moved by Zhang Ke's suggestion, and immediately invited Ye Jianbin and Ge Mingde over to talk about the details, so that Zhang Ke had to give up the plan to go to the beach to swim at dusk, so he wore beach pants and talked with them in the conference room nondescriptly.

The Ye family can save some money, and they all hope to invest in Shengxin to develop the home appliance chain market, but the relationship between the Ye family and Kumho has been close to the point where something must be done to make people more at ease.

Ye Jianbin's suggestion is that the Ye family will invest 200 million yuan in Yuexiu, and Yuexiu will invest 200 million yuan in Shengxin. The Ye family's funds in Hong Kong are still in hedge funds, and they can only transfer money from Sun Shangyi's account in the early stage.

In addition to investing the funds in the hedge fund, Ge Mingde lent the extra 200 million yuan to Zhang Ke to invest in the hedge fund, and he had a big deal to transfer the loan agreement to Sun Shangyi and transfer 200 million yuan from Sun Shangyi to inject it into Yuexiu.

Zhang Ke meant that hedge fund dividends, he said that he could divide 300 million, anyway, it was difficult for this part of the funds to be transferred to Kumho's account, so he simply threw it into Yuexiu; Of course, you can only transfer money from Sun Shangyi's account first.

Sun Shangyi was quite depressed, this turned back and forth, Zhang Ke owed him 700 million before and after; Sun Shangyi's one billion on hand was injected into Yuexiu Holdings, and only 300 million was counted in his name.

The key is, how to calculate Yuexiu Holdings' assets? Yuexiu Holdings has very little cash, and its main asset is its 30% stake in Aida Electronics.

Yinheng Securities took advantage of the bull market of Hong Kong stocks in May and June to push a large number of new shares to the securities market, coupled with a large number of Ye, Sun and Ge three to reduce their holdings, suppressing the stock price of Aida Electronics to rise sharply, in mid-July, Aida Electronics took the initiative to lower its profit expectations, and the stock price oscillated downward, which has fallen to the underwriting price of Kumho to Yinxiang Securities; The market value of Yuexiu Holdings is about HK$2.4 billion. Of course, with the spread of the financial turmoil, the Hang Seng Index will fall further, on the one hand, the profit expectation of the disk machine business of Aida Electronics is reduced, but on the other hand, the part of the business of Xiangxuehai owned by Aida Electronics is a full gold mine - this point, Sun Shangyi, Ge Mingde, and Ye Jianbin are very clear in their hearts, and the assets of Yuexiu Holdings are appropriate in terms of market value.

Xie Wanqing did not have the idea of controlling Yuexiu, she transferred the shares of Aida Electronics held by Haiyu Company to Yuexiu, and only hoped that after the backdoor listing, Zhang Ke would continue to seize the control of Aida Electronics, and in the Hong Kong securities market, she held 30% of the shares of listed companies with a market value of one billion, which can basically be regarded as firmly grasping the control.

Since its establishment, Yuexiu Holdings has been using Zhang Ke as a tool for profit interception and simple capital operation, and the profits intercepted from the decoding board have also been withdrawn to Zhang Ke to inject Xinguang Paper into China.

Of course, Zhang Ke hopes that Sun Shangyi will be the chairman, and he also hopes that Ge Mingde will at least hang the title of director and adviser in Yuexiu.

In addition to injecting 200 million yuan into the Ye family's Shengxin Global Electrical Appliance Group in exchange for 20 percent of the shares -- the Ye family injected 200 million yuan into Yuexiu Holdings in exchange for 6 percent of the shares, in addition, it is very easy to inject 800 million yuan of industrial capital into Xiangxuehai -- Yuexiu Holdings controls Aida Electronics, and Aida Electronics controls Xiangxuehai, and the Huishan City Light Industry Bureau holds 49 percent of Xiangxuehai's shares on behalf of the Huishan Municipal Government, and it is believed that the Huishan City Government will not refuse to inject one billion Hong Kong dollars into the capital -- but Kumho and Xiangxuehai go to Southeast Asian countries through Hong Kong to pick up fruits. It is necessary to have a certain amount of influence in Southeast Asia to preside, and Sun Shangyi and Ge Mingde are duty-bound.

In the end, there is still a shortage of people in Hong Kong to preside over the management of daily affairs, Zhang Ke is very troubled by this, Ye Jianbin, Sun Shangyi, Ge Mingde, they don't know that Xu Si has the idea of retiring -- Xu Si is in charge of daily affairs, and they are at ease.

In addition to the billion, the billion that was previously transferred to the hedge fund account through various channels was washed back through reverse operation, and it was also flawless, Zhang Ke also planned to wait for the second round of financial turmoil to pass and transfer the billion out of the hedge fund's account and invest it in Yuexiu Holdings, as for the 700 million he owed Sun Shangyi, it is better to wait for the final profits to be slowly washed into Sun Shangyi's account, and the interest will be calculated more.

Some details were finalized, the street was already brightly lit, and everyone was hungry, so Sun Shangyi suggested going to Repulse Bay Beach to eat barbecue together, and Zhang Ke couldn't enter a high-end restaurant as soon as he dressed up for a seaside vacation.

Ye Jianbin came over to talk about business, and left Du Fei at the Peninsula Hotel in Tsim Sha Tsui, so Zhang Ke called Du Fei and asked him to find a way to go to Repulse Bay to meet them.

Sun Shangyi and his wife have been living in a high-end apartment in Yingwan Park since the relationship with Ge Mingxin's family broke off, and a few years ago, Zhang Ke also raised a foot injury in Yingwan Garden for nearly a month, and also bullied Sun Jingmeng enough, but when he returned to the mainland, he asked Sun Jingmeng to get it back.

Rushed to the barbecue area of Repulse Bay Beach, Sun Jingmeng and her mother Ge Mingjue, with the help of Filipino maids, prepared all the barbecue things, and waited for them to come, and there were tourists in the distance lighting piles of bonfires on the beach, and there were also people camping on the beach at night - the barbecue area pulled wires from the shore and hung a string of incandescent lights.

Sun Jingmeng was wearing a white cotton T-shirt with a blue face, a long hem, tied around her waist, wearing beach shorts, her white legs were bare, and she stepped barefoot on the soft sand.

"Come, come, come, you're best suited to be a coolie!" Sun Jingmeng beckoned Zhang Ke to come over, "Follow me to carry the beer ......"

"Oh," Zhang Ke looked left and right, as far as he was most suitable for walking on the beach, he thought that Sun Jingmeng had not returned to Hong Kong for a vacation in RB, but seeing that Sun Jingmeng had turned around and walked into the distance, he had to sigh and follow behind.

The full moon shines like a plate of fine sand like silver, the sea water is shining with a reflective light, you can see many people swimming at night, watching Sun Jingmeng's slender white feet step out of the sand pit one by one, with delicate arch marks, Zhang Ke has a childlike heart, following Sun Jingmeng's footprints, and stepping on the sand pits one by one.

"You're very small," Sun Jingmeng glanced back at Zhang Ke, and waited for him to come over and walk side by side with her, the shadows of the two people under the moon overlapped on the soft sand of silver sand, "I'm still playing a game that children play, hurry up, you have to move three cases of beer over, I'm almost hungry to wait for you......"

"Three boxes?" Zhang Ke wondered why the beach shop was so far away from the barbecue area, and eagerly suggested to Sun Jingmeng, "Why don't you sacrifice some hues and seduce three strong men to help us move the beer over......"

"If the hue of sacrifice is cheap for you, would you like to carry three cases of beer by yourself?" Sun Jingmeng glanced at Zhang Ke in a daze, Zhang Ke was excited, and almost nodded in agreement, but gave Sun Jingmeng's cold hand to pinch the back of her neck, "Little boy, what dirty things are you thinking in your heart, honestly move three cases of beer to me, and expect me to sacrifice hue for you?" Dream on......"

Zhang Ke first moved a case of beer, the barbecue here was also ready, the oil dripping to the charcoal fire sizzled, Zhang Ke didn't move the wine anymore, his stomach was indeed hungry, he looked at the meat skewers and swallowed saliva, and waited until Du Fei rushed over, and sent him and Fu Jun to the commissary to move two more boxes of beer.

After drinking and smoking, Zhang Ke also swam in the sea with Du Fei.

Du Fei also had to accompany Ye Jianbin to the Peninsula Hotel, during this time, he came into contact with things that he was completely unfamiliar with, helping Ye Jianbin and Nick Leeson to collect and analyze data, almost in such a short period of time, the macroeconomic situation in the Asia-Pacific region was stuffed into his mind with relevant knowledge, fortunately, he had strengthened his economic studies in the three years of high school, and he enjoyed it during this time, which was not too painful.

Zhang Ke stayed in Yingwan Park at night, and Xu Si stayed - even if Xu Si didn't want to buy a property in Hong Kong for the time being, she also wanted to move out of the apartment next to the south gate of the University of Hong Kong. There are many places in Hong Kong that offer short-term rental apartments, but Shadow Bay Park is one of the top hotel apartments in Hong Kong.

Sun Shangyi's family lives here temporarily, Sun Jingxiang still wants to go back to Hong Kong after a while, Xu Si hopes to live with Xu Wei in Yingwan Garden - maybe Jiang Daier can also live in together, Zhang Ke always follows her wishes.

Temporary check-in;

When the moon was empty, Sun Jingmeng stole two bottles of cognac from her father, and the three of them sat outside the window in front of the rattan round table drinking and chatting. Xu Si just wanted Xu Wei to live with her, the rented apartment was a two-room suite, and she was drunk with wine, Sun Jingmeng wanted to stay and squeeze a bed with Xu Si to sleep, Zhang Ke had to take the quilt to another room to sleep; Fortunately, Sun Jingmeng stayed, otherwise he would have rushed Xu Si to his room to sleep.

Woke up at night, after drinking wine, his mouth would be dry at night, Zhang Ke got up and went to the living room to find water to drink, Xu Si heard the sound and walked out, looked back, Sun Jingmeng slept soundly, closed the door, and sat next to Zhang Ke to drink a glass of water with him.

"Last time I was in Haizhou, Sister Jiang's words revealed that she was going to come out to work, did she mention it to you?"

"Sister Jiang?" Zhang Ke asked, "I didn't hear her talk about this, she wants to come out to work, does she mean that she just needs to leave Haizhou?" ”

"That seems to be the meaning......

"Oh, I know, I'll talk to her when I go back," Zhang Ke thought to himself that Jiang Wei wanted to leave Haizhou probably out of family considerations, her son went to boarding school, she had more energy to devote to work and pursue greater development in her career, maybe she also wanted to distance herself from space, and think carefully about personal relationships, "If she wants, Hong Kong is suitable for her ......"