On September 14, 2008, the news that Lehman Brothers filed for bankruptcy for an astronomical sum of $700 billion was reported as urgent news through major foreign media.

Along with Lehman Brothers, Chen Daojun's name has also surfaced again.

He has also benefited from the crisis.

"Young master, today's press conference is really timely, haha."

Jang Do-hyung let out a happy laugh.

"Did you see the news report?"

"Are you really a prophet?"

"Now about investing geniuses, prophets...... All the nicknames are put on your head, and other bigwigs in society always talk about it and only say some demagogic money-losing clichés, such as buying stocks, buying a house to appreciate, etc., but you are the only chaebol young master who speaks out about the crisis and makes many people keep their wallets. ”

"What's the use of just praising me, you have to gain something."

Chen Daojun had a smile on the corner of his mouth, and everything was currently developing according to his ideas.

The bankruptcy of Lehman Brothers also sent the financial markets of the cold country into a panic.

The total market value of the Hankook Composite Stock Price Index and Korea Securities evaporated 51 trillion won in a day, and the stock price of the securities industry plummeted by more than 12%, but the only financial company to see a stock price rise more than a day by day was Sunyang Securities.

After all, that's Chen Daojun's asset.

Jang Do-hyung glanced at Do-jun.

"What do you think of the reporter going to follow up on the interview? Would you like to ask a reporter to try it out? ”

"No, it's better to leave some mystery, and the public's curiosity needs to be maintained so that they can continue to listen to me next time, what about the Industrial Bank I mentioned earlier? Did you do what you were told? ”

Zhang Daoheng immediately took out his notebook: "Of course, I entertained those presidents and executives, and also gave some gifts, which is enough to solve this problem." ”

Chen Daojun nodded approvingly: "Good job, now you have to do your best, the dominoes of the global recession are beginning to fall, from now on, you have to be cautious in all your investments." ”

Then, as if all of a sudden, the media became observers and researchers of the economic crisis, and an overwhelming amount of news and propaganda swept in.

One article predicts that unemployment will rise by at least 10% in country M soon, and Europe is no exception.

There is also an article that says that the number of foreclosed houses in country M has exceeded 9 million, and the domestic economy of country M will be completely frozen.

If country M, the world's largest consumer, freezes, China, known as the world's factory, will also be hit hard.

There is news that Germany's manufacturing sector is already showing signs of collapse.

The number of unemployed exceeds 2 million.

These unemployed are workers who earn only $7 to $80 per month.

The upper class is so shaken that in the end it is always the poorest who suffer.

Wall Street's financial engineers, the culprits of the tragedy, threw another party on October 4 with a $700 billion ZF subsidy from Xiaobu.

China ZF acquired a stake in Iger Life Insurance for $160 billion, becoming the largest shareholder, and injected $15 billion into Goldman Sachs.

As soon as Morgan Stanley received the ZF subsidy, it gave executives a $14 billion bonus, and Goldman Sachs distributed the entire ZF fund to executives in the name of bonuses.

In the end, Rachel from New York snapped the staggering $85 billion account and sent it out by email.

There is only one message in the full text.

Harry, congratulations!

The new richest man in the world!

Prior to the presidential election, Country M had already invested more than $7 trillion in the financial crisis and planned to inject more money in the future.

But after all, as the birthplace of the crisis, the dollar's position as the world's main trading currency was gradually shaken, but due to the gradual investment of funds by country M, the tsunami of the financial crisis seems to have stopped in Europe.

By the time the financial crisis tsunami hit Asia, it was already a powerful typhoon, and many financial practitioners breathed a sigh of relief, and their inner greed was once again exposed.

As always, in times of financial crisis, the rich get richer and the poor get poorer.

In response to the slowdown in economic growth and shrinking domestic demand, the new ZF has implemented large-scale tax cuts and relaxed access requirements for financial regulations.

Thanks to this, the chaebol group began to get high again.

BAT Group, Office of the President.

"Although I know that you are not very happy to say it, I must remind you that maybe your plan is ruined, and if it goes on like this, only Shunyang Construction can make you rich."

Li Xuezai looked at the news in the newspaper with uneasiness, writing that the disaster of the financial crisis did not have a greater impact.

But the company's performance will suffer.

The company's performance is linked to his performance, how can he not be worried.

"It's a debt and credit deal, don't worry, Shunyang Construction or London can do whatever you want, if you want to build an apartment or a shopping mall, you can build it."

"Dubai is good! Now that you have given up all the projects to Dongji, he will definitely make money, didn't you say that you will collapse in the crisis of country M? ”

Chen Daojun didn't want to say more to him, but just made an analogy: "When a fruit starts to rot, it often starts from the inside, and all we have to do is be patient and wait." ”

Li Xuezai sighed: "Where can I wait?" If we hadn't withdrawn before, we would have been able to raise more than 5 trillion won from the construction project in Dubai, and now, you have to get more than 3 trillion won from these two companies to be considered a loss. ”

However, Chen Daojun ignored this, and just asked Li Xuezai to find the person in charge of the commercial bank, he had abundant cash flow, and he was ready to invest and spend money again.

Almost after receiving the news, the people from the commercial bank rushed non-stop, and when they saw Chen Daojun, they lowered their heads as if they had seen a savior.

After some conversation, the other party tried to hide his doubtful eyes.

"You mean, you are responsible for the debt of our bank, and you will fill this hole in it until the debt is over?"

"Don't be surprised, as long as I take a stake, this will also be our bank in the future"

The bank's governor said it was hard to refuse.

In order to match the year-end results and equity ratios, you have to bend your head a little more.

"Chairman Chen, if you have any requirements for our bank, please be honest and we will give you a satisfactory answer."

"Strictly speaking, I hope that when you operate normally, you will be ready for a cash flow of 800 billion at any time, and I will ask for it at any time."

"I'll send someone, you want 800 billion won, right?"

The bank manager bowed his head.

"Thank you, President Chen, and I think I will remember your kindness."

After a humble bow from the bank manager, he turned and disappeared.

He is a professional manager who is humble to the bones, knows how to bow his head in front of the rich, and gradually climbs up until he becomes the top of a commercial bank.

"Wall Street's greed and Washington's shirking of responsibility have pushed the people of Man M into the abyss of the financial crisis."

Washington is dominated by the financial circles of country M, just as the chaebols rule the cold country.

The new ZF's "corporate-friendly" stance is more refined than the pro-chaebol policies that sound too blatant, and it has provided a great boost to the chaebols.

At a time when the Treasury Department of Country M was unshackling Wall Street, ZF loosened all kinds of regulations and turned the country into a construction site.

While the real economy has bottomed out, the construction industry has ushered in an indescribable boom.

In the face of Chen Daojun's question: "Our construction company will become larger in the future".

Li Xuezai did not refute this time, and facts speak louder than words.

"You were right, there are already signs, and it is clear that the price of apartments built in London has touched the bottom line of the maximum sales price of apartments required by ZF."

"How do you know that the money that should have come in from Dubai is not coming in?"

"It's like this, the local atmosphere in Dubai is really bad, the local companies are in a state of torment, the construction companies in Europe are struggling, it seems that many have been forced to the point of being sued in court, you don't know, the economy in Dubai is also in chaos, if you take the project in Dubai, pay the funds in advance, then it's over, you can't get a child."

Li Xuezai sighed: "Now I have to believe your words, our BAT must also be strong in order not to be swept away by the sandstorm." ”

"Take it easy, trust me, build in London, that's going to make a lot of money."

Li Xuezai sighed at Chen Daojun's self-confidence, and the expression on his face lit up.

Chen Daojun played with the documents in his hand and suddenly spoke:

"When the time comes, my second uncle must be very anxious now, and he can't wait to get rid of this project in Dubai immediately!"

"That's for sure, you can't get the money, half of the project is built, and now the work is suspended, according to the law over there, the wages of the workers must be paid during the shutdown, and the foundation should be a headache!"

"That's right, now, you go and contact him and ask him if the project will turn around."

This is the second stage that Chen Daojun envisioned before, and Chen Dongji will definitely not refuse.

If it goes on like this, Chen Dongji can't bear it!

After all, the Dubai project has drained his cash flow, and the current project is not only a gold-swallowing monster, but may not collect money, so what's the deal?

"Are you sure you want to charge his project, not according to the original price, how much can you give?"

Li Xuezai really wanted to persuade Daojun not to be impulsive, he didn't copy the bottom like this, instead of taking over now, the risk is so high, it is better to wait for Chen Dongji to really hold on, and then send someone to communicate with him, and the money may be less.

But what he didn't know was that the construction crisis of the Burj Khalifa would soon usher in a turning point.

Chen Daojun finally set a standard for him to be 40% of the acquisition cost, and he didn't care about the initial investment.

Li Xuezai left with a heavy heart.

The main conference room of Shunyang Construction has been occupied by the topic of Dubai for more than a month.

It's noisy every day.

It's not just the accumulated fatigue that darkens their complexion over time.

A vice president with a lot of dark circles suggested, "Vice President, if the construction is still in this state in the fourth quarter, then simply stop all work." ”

"The bank also said that it was difficult to mobilize funds, perhaps because it felt the crisis."

This is a fact that this vice president already knows.

Although Chen Dongji frequently flies back and forth between Dubai and H City, he schedules work.

But the construction of the Burj Khalifa is in a bad situation.

European companies seem to be ready to save money for an economic crisis.

"Or. Let's just package this project and sell it again, and the contract doesn't say that you can't change the contractor. ”

Although it is very reluctant, if you subcontract, it will be a waste of all the resources and efforts invested so far.

The big question now is how much you can stop your loss.

To know exactly what this unknown is, it is necessary to establish negotiations with the client, Dubai World, and compete for interests in real terms.

Dubai simply can't handle what happened when the construction of Shunyang was suspended.

The building that has been built is nothing more than a huge pile of concrete.

A world-class city is well planned, but the problems encountered in the specific operation process are simply unimaginable.

Moreover, Dubai's side has been refusing to pay anything other than 10%, and it has not solved the problem, which means that Shunyang Construction will have to endure extreme financial difficulties during the period when it receives funds and resumes construction.

However, in this state, the company can quickly run into financial trouble.

Chen Dongji closed his eyes in pain, sat motionless in his seat, and after a long time, he opened his eyes, as if he was ten years old: "Taejun, you come to simulate the situation of stopping construction from now on." ”

"Yes."

Kim Tae-joon was taken aback.

His uncle never called him by his name in the company, and he was always called by his title before.

What's going on today?

Chen Dongji continued: "The simulation process must be accurate, you have to calculate a clear cash flow, even if it is only 10 won, don't make a mistake. ”

"I see, Vice President."

After explaining, Chen Dongji nodded and asked the secretary:

"There's a White Room Chief over there in Dubai, right?"

"Yes."

"Warning to the Dubai side that if we don't pay according to the amount of work as soon as possible, we can withdraw at any time."

On the other side, Li Xuezai has already arrived in Dubai.

For most people, Dubai is a place of abundance.

Arriving at the hotel from Dubai International Airport, the night view of Dubai through the limousine window does not feel like being in the desert.

The resplendent everywhere indicates that this is a paradise for the rich.

Seeing that Li Xuezai couldn't take his eyes off the night scene, Chen Daojun sighed.

"Since you started getting off the plane, it's like a redneck process, that's the power of money, the people of Dubai have turned numbers into reality, but we can't build a city like this because I don't have that much oil, but we can seriously build this tower and become a landmark here."

Li Xuezai looked at Daojun's serious expression and waved his hand.

"Look, the walls over there are gilded, and I'm just thinking, how wasteful is this?"

"What, how are you? When people have a lot of money, they should have some fun, and the gold they buy will continue to be used on the house, and it is not a waste to use it. ”

Dojoon has already begun to paint in his mind the picture of the Burj Khalifa when it is built.

(End of chapter)