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In a piece of snow, Ye Kai ushered in 199. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ╔╗

Before the Lunar New Year arrived, Ye Kai received a very nice news that Russia had begun to reform its currency system again.

The first currency change in Russia was in 1991, when Russia issued a new version of the ruble to replace the ruble in circulation in the former Soviet Union. Now it is the second currency reform, and the Russian side announced that it will stop using the 1961-1992 Soviet version of the ruble and the Russian version of the 1992 ruble, and only allow the circulation of the new 1993 version of the ruble.

In order to explain to Ye Kai his income in the past year or so, Zhong Liyu specially flew over from the river and came to Dragon City.

After receiving Zhong Liyu, Ye Kai's mood that had been a little quiet recently became much brighter.

Zhong Liyu was accompanied by Li Wu, as well as Zhong Liyu's four female bodyguards, as well as several financial experts directly employed by Zhong Liyu's private person, who brought a lot of written information about Ye Kai's book income.

"Russia can't hold anymore, and the first currency reform has failed after only a year." Zhong Liyu's complexion looked good, and the good news from the far north made her feel a sudden decrease in pressure.

In the past year, with the snowballing increase of Ye Kai's investment in various assets in Russia, Zhong Liyu's mood has also become very nervous, although the expansion of these wealth makes people's hearts pound, but whether they can get their hands and transfer them smoothly is indeed a difficult thing. ╔╗

On the Russian side, Yeltsin believed too much in Western countries, and at the behest of the Americans, he implemented shock therapy in an attempt to save Russia's collapsed economy.

The highlight of shock therapy, and the first step, is to liberalize prices.

The Russian Government stipulated that, from 2 January 1992, 90 per cent of the prices of consumer goods and 80 per cent of the prices of means of production would be liberalized. At the same time, restrictions on income growth were lifted, salaries for public servants were increased by 90 per cent, pensioners were raised to 900 rubles per month, and family allowances and unemployment benefits were also raised.

In the first three months of price liberalization, the results seemed to be immediate, and the results were obvious. The long shopping queues are gone, the shelves are full of goods, and the Russians, who are accustomed to long queues with ticket supplies, seem to see the benefits of the reforms.

But it didn't take long for prices to skyrocket like a kite with a broken string.

By April, consumer prices were 65 times higher than in December 1991. ╔╗

The government originally wanted to stabilize prices through state-run stores, but unexpectedly, black market vendors and state-run store workers colluded to resell goods and make huge profits.

Due to the premature liberalization of fuel and raw material prices, the production costs of enterprises have increased sharply, and by June, the wholesale price of industrial products has risen 14 times, such a high price is daunting to buyers, and the consumer market continues to be sluggish, and the demand is not strong in turn inhibiting the supply and enterprises have compressed production, and the market supply and demand have entered a dead cycle.

The second step of shock therapy is the introduction of fiscal and monetary "double tightening" policies and price reform almost simultaneously.

The main reason for fiscal austerity is to increase revenue and reduce expenditure. Tax incentives are abolished, and all goods are subject to 28% value-added tax, while excise tax on imported goods is added. Along with the revenue increase measures, the government cut public investment, military spending, and office spending, included extrabudgetary funds in the federal budget, and restricted local governments from using bank loans to cover deficits.

Tighter monetary policy, including raising the central bank's lending rate, establishing a reserve requirement system, and implementing loan limit management, has controlled the flow of money and curbed inflation at the source.

This time, however, the government miscalculated.

Due to the excessive tax burden, the production of enterprises has shrunk further, the number of unemployed has surged, and the government has had to increase relief subsidies and direct investment, and the fiscal deficit has risen instead of falling. ╔╗Tight credit has caused a serious shortage of working capital for enterprises, enterprises are in arrears with each other, and triangular debts are becoming increasingly serious.

The Russian government was forced to loosen its monetary policy, issuing an additional 18 trillion rubles in 1992, 20 times the amount issued in 1991.

Amid the roar of the money printing press, fiscal and monetary austerity was aborted.

"Now the question we are facing is whether to sell some fixed assets on the Russian side and cash out the funds? We can't decide these things, and you have to decide for yourself. Zhong Liyu said.

"What advice do financial experts have?" Ye Kai asked.

"They feel that now is not the time to maximize their benefits." Zhong Liyu replied.

From the standpoint of financial experts, they believe that the situation in Russia has not yet reached its worst, so they do not agree with selling these industries now, and if they are put in a year or two, these assets are estimated to be about doubled.

"What do you suggest?" Ye Kai asked again. ╔╗

"My idea, the environment in Russia is a bit chaotic, let's take it when we see it, you can consider cashing out half of it first, at least after we pay off the bills, we can also gather about $40 billion in cash flow in our hands, and after having this money, many things will be very convenient to do." Zhong Liyu suggested, "And the remaining assets, I think it is still according to your previous ideas, such as minerals, energy and other industries, these are industries that will have a sudden wealth effect in the future, don't worry about what will go wrong." ”

Ye Kai nodded and said, "Just do as you say, let's settle the bond market first, I always owe so much money, and I really don't have a lot of confidence in my heart." ”

"Understood." Zhong Liyu smiled.

Previously, Ye Kai owed a stock debt through various channels, just to bet on the great depreciation of the Russian ruble, if this goal has been achieved, of course, to take profits, this part of the paper assets '● After being converted into US dollars, people will feel at ease.

As for the privatization of the Russian mineral and oil industries, there is no need to rush, because the privatization of these industries in Russia is now underway, and there is no problem with this general trend, even if it needs to be sold at arbitrage, it will only need to be considered in ten years.

In general, Yeltsin was a bit naïve, believing in capitalist market competition, believing that what had been privatized naturally needed to strictly follow the laws of the market, so there was no need to worry about anything during his time in power, but when his successor came to power, he needed to be extra careful, the former Soviet agent was scheming and difficult to deal with, and once that time came, he should sell all his assets and leave Russia. ╔╗

However, Ye Kai is still very satisfied with the current income, more than 40 billion US dollars, which is only half of this income, according to the latest foreign exchange exchange ratio, it is almost more than 2ccc more than 100 million yuan, more than the country's foreign exchange reserves, which is really a lot of income.

"Have you thought about what to do with so much money?" Zhong Liyu asked.

For the more than 40 billion US dollars, Zhong Liyu is also a little big for a while, although she is now in charge of the East China Shen Yun Base worth billions of assets, and at the same time controls the assets of Russia for Ye Kai, but once she cashes out such a large amount of income, she really doesn't know where to invest?

With such a large sum of money, you can't just throw it in the bank and stay there, right?

For most wealthy people, banknotes can only make money when they are moved, and they are not something to be encouraged to put in the bank to eat interest.

"Well, there are some considerations." Ye Kai nodded and said, "I'll focus on setting aside a few American companies, and you can help me quietly eat their stocks, and it doesn't take too much, just about 10%." ”

Zhong Liyu took the list given by Ye Kai, looked at it and didn't pay much attention to the others, but at a glance, he saw the Microsoft company on the list, and couldn't help but be a little surprised.

"Microsoft Corporation? Bill Gates was named the world's richest man by Forbes magazine last year, with assets of more than $6.8 billion. Zhong Liyu said, "To acquire about 10% of Microsoft's shares, it will cost about $4 billion." ”

Microsoft stock was listed on March 13, 1986, when the value per share was 21 yuan, and it has been growing for more than six years, when it was first listed, Bill Gates's net worth was 100 million US dollars, and six years later it has exceeded 6.8 billion US dollars, this speed of making money is indeed amazing.

For this fast-making company, in fact, many people are paying attention, but there are still not many people in China who know more about them.

Zhong Liyu has heard that every Microsoft employee has a program running on his computer, and this program is a cartoon face, and the expression of the face changes with the fluctuation of the company's stock trend.

This is not surprising at all, as Microsoft employees have employee stock options, and they all own shares in the company. When the stock price rises, everyone's money bag also swells; When the stock price falls, everyone's pockets are deflated. Ye Kai said to Zhong Liyu with a smile, "Microsoft is creating millionaires almost as fast as their packaged software is out of the factory, and the company's 11 veterans except Gates and Allen have assets ranging from 10,000 to US dollars, and the result of this is that everyone is working at full speed, hoping that their efforts can increase the company's stock price, even a little." ”

"Is it necessary for us to follow this model?" After Zhong Liyu heard Ye Kai's words, he pondered.

At this time, Ye Kai's enterprises have a lot, although some of them are hung in the names of women, but in fact, he has supported them single-handedly, considering the subsequent development of these enterprises, Zhong Liyu feels that the best way to tie talents in the company is to give them a certain amount of equity.

"This is necessary." Ye Kai nodded in agreement, "But you can take the way of equity plus options, not only to let them get some benefits, but also to keep them a little motivation, and they can't have no pursuit." ”

Equity represents the interests of the present, and the option is to let everyone continue to work hard and live on the merit book, which is not good.

"However, the East China Shen Yun base has now developed more and more important, and I am worried that our equity distribution plan will be opposed by the relevant parties, after all, the nature of military enterprises is different." Zhong Liyu asked another question.

"It doesn't matter, equity and management rights are two different things, and how many shares of employee shares are actually divined, you can consider taking out 10% of the shares to do equity incentives, and you can worry about the specific situation." Ye Kai replied.

In fact, domestic things in this regard have already begun to be done, such as the privatization of state-owned enterprises, etc., Ye Kai's enterprise itself is a private enterprise, but it is only relatively large, from this aspect, the problem is much simpler.

"Actually, it's not just about talking about these things." After talking for a while, Ye Kai said to Zhong Liyu, "The scenery of Dragon City is good, especially after the snow, since you are here, I will accompany you to relax for a few days." ”

"It's fine." Zhong Liyu looked at Ye Kai, smiled and nodded in agreement.