Chapter 797: Financial Turmoil

Time flies, and in 1997, it has officially arrived.

For China, 1997 was a year that will always be remembered by the Chinese people, and for the international financial market, 1997 is also a year that countless people will remember for a lifetime.

From this year onwards, an American investor named George Soros will be regarded by Asian politicians as a mysterious and evil financial giant for many years to come!

In fact, since the beginning of the year, Chen Mingyu has been paying close attention to international financial trends, and has also made Wu Yue, Zhang Xinping, Zhang Qian, and even Luo Feng and others make some preparations.

Since February, the quantum fund led by Soros has targeted Thailand, which has an overheated economy and has a deficit crisis, and began to sell a large number of Thai baht, which is the exchange rate of the Thai baht against the US dollar fluctuates violently, and the Thai government uses $5 billion in foreign exchange reserves and $20 billion in borrowing to intervene in the foreign exchange market, but it still can't stop the Thai baht from falling all the way!

The Asian financial crisis has officially sounded the alarm!

After sniping at the Thai baht, Soros has turned to attack Malaysia, the Philippines, Indonesia, South Korea and Hong Kong, China, and the countries and regions attacked have suffered huge financial harm.

Even Asia's most developed countries are not immune.

In South Korea, the South Korean won depreciated by 50 percent in more than two months, and the country's economy was on the verge of collapse, and the South Korean government had to request emergency assistance from the United States, Japan, and the International Monetary Fund, borrowing a record $55 billion at the time, and was forced to promise to implement a strict economic stabilization plan and reduce the economic growth rate, and the economic autonomy was lost for a time.

In addition, the South Korean government has issued a "belt-tightening" policy to all civil servants nationwide, requiring them to deposit at least 10 percent of their salaries in banks. The Korean Democrats spontaneously donated their gold and silver jewelry.

In this financial turmoil, South Korea's unemployment rate is as high as 11%, South Korean companies have suffered at least 3 trillion won in exchange rate losses, the repayment of foreign debt principal and interest has increased by more than 4 trillion won, and many large companies have declared bankruptcy or fallen into a desperate situation, including the Daewoo Group, which has unlimited scenery in the past few years and is regarded as a benchmark by Chinese enterprises.

Qingjiang, a guest room in Emerald Bay Villa.

Chen Mingyu was lying in bed watching the news when CCTV relayed a street interview in Thailand, where a reporter asked a fruit shop owner what he thought of the financial turmoil.

The fruit shop owner said in a mocking tone: "It used to seem like we were so rich that everyone was ready to buy Mercedes." We are keen to talk about beach houses, Swiss Omega, French XO, German Mercedes, Japanese Panasonic. Like the Americans, we plan to travel to Europe every year in style, and our children can be sent to private schools, because it used to be too easy for us to make money from the stock market. But now, Soros has robbed us of everything, and overnight, more than ten years of struggle of our people across the country have come to naught......"

Just then, there was a knock on the door to the room.

Chen Mingyu put on his slippers and went over to open the door, and standing at the door were Wu Yue, Zhang Xinping and Zhang Qian.

Chen Mingyu smiled, turned sideways, and let them in.

Last night, the four of them ate here, and then stayed here again.

Before the Asian financial crisis, Chen Mingyu had considered taking advantage of the financial crisis to make a windfall!

Of course, with the capital he has now, he doesn't dare to play against giants like Quantum Fund and Tiger Fund, but it's no problem to make a lot of money behind these giants.

However, after careful consideration, Chen Mingyu did not do so in the end.

Although Chen Mingyu believes that there is no problem in using the country's financial rules to make money, for example, Soros, as a macro hedge fund manager, his duty is to find the greatest possible opportunities to make money and bring good returns to investors, and in fact, he did.

From this point of view, he is a person who has done his job well and is a successful fund manager.

However, if from a social and moral point of view, the financial turmoil launched by Soros has affected the lives of tens of millions of people, some of whom have gone bankrupt, some have broken families, some have committed suicide, some have broken their families, and even led to a lot of crimes......

Therefore, after careful consideration, Chen Mingyu gave up his plan to make a windfall in this financial turmoil, anyway, there are still so many opportunities to make money, so let's try to make some peace of mind.

So, Chen Mingyu asked Wu Yue and them to do another thing: invest heavily in Internet companies!

Chen Mingyu also gave them a list, which included the following names: Sina, Sohu, NetEase, etc. in China, and Apple, Microsoft, Amazon, eBay, etc. in foreign countries.

The reason why Alibaba, Tencent, Google, Baidu, Facebook and other companies are not on this list is because none of them have yet been established, but Chen Mingyu has included these companies in their next investment list.

Moreover, Chen Mingyu has given them a death order, to keep an eye on the trend at any time, first contact with "Shuangma and One Li", and when they need start-up capital, no matter how much they need, they will smash it them, in order to become their major shareholder!

As long as they can become the majority shareholders of these companies, or the holders of a large number of shares, then it is not an exaggeration to say that in the future economic world, they will occupy a pivotal position, they will become a capital predator that people dare not look at directly, and may even become the behind-the-scenes controller of the financial world!

The Internet is the biggest outlet in the future, and whoever masters the Internet will control everything.

Of course, Chen Mingyu has never neglected research and development, both hardware and software must be grasped, and both hands must be hard!

During this period of time, Wu Yue and the others have attacked everywhere and have achieved good results!

As for the list of companies that Chen Mingyu listed for them, they have invested in 80% of them, some have bought stocks, and some have even directly become controlling shareholders!

Last night's gathering was where they exchanged investment information with each other.

Luo Feng, on the other hand, mainly focused his investments on the United States, so he didn't rush back to the party yesterday.

At this time, they all gathered in Chen Mingyu's room, and no one would have thought that in such an ordinary guest room, there would be the controllers of the future Internet world!

After several people found a place to sit down, Zhang Xinping looked at the TV and said, "Thailand is really miserable this time!" In the end, this Soros is just a fund manager, but he can make a country like this, and set Thailand's economy back more than ten years at once, which is really amazing! If you don't experience it yourself, you really can't believe it, the power of capital is so shocking! ”

Wu Yue has been immersed in the financial market for several years, and he has also shown more and more talent in this area, he has seen a lot of major events in the capital world before, but this time the consequences of Soros gathering Thai baht still surprised Wu Yue!

However, this also made Wu Yue even more obsessed with the power of capital!

"The other day, I went to Thailand and attended a party on Asso Street in Bangkok, which is the equivalent of Wall Street in Thailand, and I was surrounded by financial institutions. When I went to Thailand last fall, Asso Street was very busy, full of financial people in suits and leather shoes, but now, most of these financial institutions are closed, the streets are also depressed, and there are many people picking up rags and begging. Wu Yue sighed.

Zhang Qian's usual energy is all focused on industry, and once her home appliance chain mall opened in Qingjiang, it occupied the first share of the home appliance market in Qingjiang City with a sweeping trend! Today, Zhang Qian's home appliance chain shopping mall has opened four stores in Qingjiang, which has completely knocked down the Qingjiang market!

At present, Zhang Qian has opened another store in Jingjiang, the provincial capital, which is also an instant hit, and has broken various records since its opening.

However, Zhang Qian has not had much contact with the financial market and has little understanding of the power of capital, so this financial turmoil has naturally greatly impacted Zhang Qian's spirit. At the same time, her home appliance mall has also been greatly affected, the turnover has dropped a lot, and the hoarding of home appliances is very serious!

At this time, after listening to Zhang Xinping and Wu Yue's words, Zhang Qian asked curiously: "Since the Thai baht has plummeted so much, how does this Soros make money?" ”

Wu Yue smiled and said, "Mingyu, why don't you explain it to Sister Qian?" ”

Chen Mingyu did not shirk either, and said: "To put it simply, Soros used a large amount of money in his hands to borrow local currency from Thailand, and then sold Thai currency in the international market, which depreciated the Thai currency, and then he only needed less foreign currency when he repaid the loan, so he made a big profit!" ”

Chen Mingyu said this very bluntly, even if Zhang Qian didn't know much about the capital market, he could understand it completely, nodded and said, "So that's the case!" So, Mingyu, do you say that this financial crisis will threaten our country? ”

Chen Mingyu pondered for a while and said: "Our country's capital market has not been opened, and it is difficult for foreign capital to speculate on China's foreign exchange, futures market, stock market, etc., and moreover, RMB cannot be freely convertible, so there is no way to talk about depreciation." Therefore, such a situation as Soros shorting the Thai baht should not happen in our country. However, this financial crisis is mainly in Asia, and all these countries around us have suffered heavy losses, and it is certainly impossible to say that our economy will not be affected. You only have to look at the current situation of those export-oriented enterprises to understand. ”

Zhang Xinping said: "That's right! Last year, our country just achieved a hard landing of economic overheating, and this year there was the Asian financial crisis, which led to the phenomenon of 'structural overheating'. It is said that 95% of the industrial products in our country are now in excess of demand. The more money the people have, the more they dare not buy things, the more serious the squeeze of products, the more enterprises produce things that cannot be sold, and they cannot return the funds, resulting in enterprises being overwhelmed, and the phenomenon of triangular debt is becoming more and more serious! It seems that this financial crisis is also a hurdle for our country! ”

Zhang Qian nodded, and continued: "Now that there is a wave of layoffs in society, 'laid-off' has become the hottest word at the moment. My home appliance chain mall has also been impacted, and sales have been declining for a month, so I really don't know when it will stop! ”

Chen Mingyu said: "Sister Qian, you don't have to worry about this, I believe that the country will definitely introduce relevant policies to stimulate consumption." When the time comes, your home appliance store will definitely be in full swing again. ”

Zhang Qian was already full of "superstitious" worship and trust in Chen Mingyu, so Chen Mingyu just said such a sentence, and Zhang Qian was relieved as if she had taken a reassuring pill.

Chen Mingyu said: "However, in view of the current environment is so bad, Sister Qian, you have to slow down the expansion speed, and the new store will not be opened again for the time being, and ensuring a good flow of funds is the most important thing." ”

Zhang Qian immediately said, "Okay." ”

Zhang Xinping also echoed: "Mingyu's sentence of 'ensuring a good flow of funds is the most important thing' is really a golden saying!" Seeing those famous enterprises that are expanding rapidly but have no warning of risks, such as Shandong Qinchi Winery, Zhuhai's Giant Group, and Sanzhu Group, these companies have been so beautiful before, but now they are all stormy and uncertain, which makes people really sigh! I summarized it myself, although these three companies have their own reasons for falling into their current situation, but in essence, they all have problems in one thing, that is, the flow of funds has been cut off. ”

Wu Yue, who hadn't spoken much, also said at this time: "I heard that Changjia Electric Appliances in Changcheng also seems to have a problem. ”

Zhang Qian said in surprise: "Won't it?" How could such a powerful company as Changjia Electric have problems? Their company's home appliances are the trump card products in our home appliance stores! Although the business of our home appliance store is very sluggish now, Changjia's products are a special case, and they have always sold very well! They shouldn't have a problem with the capital chain, right? ”

Zhang Xinping said: "Changjia Electric is not because of the problem of capital outflow, but because of the problem of property rights. A few days ago, I went to Changcheng and had a meal with Ma Shuguang, the boss of Changjia, and others. At the dinner, I heard that Changjia Electric was planning a clear property rights movement. However, the difficulties are great. I look at Ma Shuguang's appearance as if he has suddenly aged several years! It seems that he has a lot of worries about this matter! ”

Zhang Qian said: "It turned out to be because of this incident!" In fact, I also understand some information, Changjia Electric was developed by Ma Shuguang, but the nature of this enterprise is collective property rights, and Ma Shuguang has no shares in his hands. To put it bluntly, he is a senior manager. At present, there is a high demand in society for the clarification of the property rights of such collective enterprises, and it is understandable that Ma Shuguang wants to clarify the ownership of this enterprise. ”

Chen Mingyu said: "Understanding is understandable. However, Ma Shuguang wants to raise funds by himself and buy Changjia Electric in the form of MBO, and the party and government leadership must be unhappy! ”

Zhang Qian said with some concern: "Changjia Electric is now developing very well, don't be planted because of this incident!" ”

Zhang Xinping said: "According to my understanding, Ma Shuguang is a very capable person, he single-handedly developed Changjia Electric, and he is very blessed to him up and down!" If you change the leader, you may not be able to play Changjia Electric. So, let me say, the key to the future of this Changjia Electric Appliance lies in the leader in charge of this matter. If this leader is very generous and allows Ma Shuguang MBO, even if it is to sacrifice some interests temporarily, but in the long run, this is definitely a good thing. After all, there are few companies that can get their hands on the whole Changcheng City, and Changjia Electric is the most famous one, if the government smashes the brand of Changjia Electric, the impact on all aspects is too great. ”

Zhang Qian said: "Isn't the big boss of Changcheng Secretary Guo!" I think Secretary Guo is a very enlightened leader, and he should handle this matter properly. ”

Chen Mingyu smiled bitterly at this time and said: "Although Secretary Guo is the big boss of Changcheng, he really can't make the decision in this matter. Don't forget, who is the mayor of Changseong? ”

"Xu Qingyuan." Zhang Xinping blurted out.

"yes!" Chen Mingyu said.

"I heard that this Xu Qingyuan is a cadre sent from the provincial Ministry of Finance, and his father is also a deputy ministerial-level leader of the Ministry of Communications, right?" Zhang Xinping asked.

"That's right." Chen Mingyu sighed, "This Xu Qingyuan came down with an aura, and he has a very strong background, and he is only thirty-five years old, young and vigorous, and he doesn't take Secretary Guo very seriously." At that time, when Secretary Guo went to Changcheng to serve as secretary, he was not particularly reluctant, it was just an expedient measure, but he didn't expect that not long after he went to Changcheng, he was matched with such a strong partner as Xu Qingyuan! Secretary Guo, my heart is bitter! ”

In fact, two and a half months after Guo Yuancheng went to Changcheng to serve as the secretary of the municipal party committee, Xu Qingyuan was sent from the Ministry of Finance to Changcheng as the mayor!

As soon as Xu Qingyuan came to Changcheng, he showed a strong attitude, and for the work of the government, he put on a posture that he did not need Guo Yuancheng's intervention at all.

However, although Xu Qingyuan is strong, he is not incompetent!

He used the background sent from the Ministry of Finance, successively declared several projects, won a lot of funds from the Ministry of Finance, and he relied on the help of his father, who was the deputy minister of the Ministry of Communications, to win a highway project, and so on after the completion of this project, the traffic bottleneck in Changcheng will be effectively improved, which is of great significance to the economic development of Changcheng!

It is precisely out of consideration for the development of Changcheng that although Guo Yuancheng is quite uncomfortable, he still tries his best to maintain a tolerant attitude.

It is precisely because of Xu Qingyuan that Guo Yuancheng has not found a suitable opportunity to transfer Chen Mingyu to Changcheng.