The new business model of horizontal division of labor will have a fundamental impact on the production mode of the manufacturing industry.

It is the opposite of the vertical division of labor, where all the processes of a product are not all done by one company.

Instead, multiple companies are responsible for different processes, but production activities are carried out as a single company.

Shirakawa Electric is trying to split its computer or LCD TV into countless small units and entrust them to different parts processors at home and even abroad.

We only retain the supply of core components such as chips and liquid crystal production, and of course the final assembly will be carried out at the Shirakawa Electric Factory.

The advantage of this is that the manufacturing system can be further integrated to achieve additional cost savings.

In a word, it is the way in which the globalized system is manufactured.

However, this process will not happen overnight and should last for several years.

The final goal is for Shirakawa Electric to focus only on the front-end and back-end work such as product development, design, and sales.

Based on Shirakawa's design, companies around the world produce the parts, which are then assembled on the Celestial Continent.

This new processing mode will be the mainstream of the future, and Shirakawa Electric has begun to take the first step.

When people are still indulging in bubbles, when companies are still struggling with declining operating profits, Shirakawa Electric has been quietly making changes.

In fact, not only Shirakawa Electric, but also many manufacturing enterprises under Shirakawa Holdings.

On the other hand, software companies such as HAL and SMM have further increased their R&D expenditures.

Even in order to avoid falling behind the trend, professional software companies such as SMM have set up an R&D center directly in Silicon Valley.

While attracting talents, we are also preparing for the development of social software and communities.

Conservative neon is really not a good place for the development of the Internet, and there are not even many professional talents here.

So the information revolution, if Shirakawa Holdings doesn't want to miss it, it can only go to Silicon Valley.

In addition to the software industry, another industry that has increased development spending is communications and entertainment.

If there is any industry that can achieve sustained growth after the bubble, the communication and entertainment industry must be counted as one.

Communication is because mobile technology has just started, and the new thing of mobile phones has taken the opportunity to enter the 2G era and has already shined.

The latest generation of Shirakawa Electric mobile phones already support Internet access, although the slow speed may only be about 10kb/s.

But for a lot of people, that's shocking.

Even in order to increase the fun, Shirakawa Electric also moved the snake and Pac-Man into the mobile phone.

These simple and easy-to-play mini-games quickly became popular all over the world.

Yes, Shirakawa Electric's mobile phones have been sold all over the world.

Because the 2G standard used by joint communication is GSM format, it is also unimpeded in Ouzhou, Latin America and other regions.

If nothing else, in another year or two, mobile phones will be the most profitable business under the name of Shirakawa Electric.

The so-called following the trend and not being abandoned by the world is to embrace every change.

At this point, what Shirakawa Electric has done is more than one step faster than its neon counterparts.

The entertainment industry is another direction in which Shirakawa Holdings has invested heavily, and with the advent of the bubble, people's consumption of this part of the content will increase significantly.

Therefore, as one of the few industries that can generate profits in neon in the future, Shirakawa Mutual Entertainment certainly has no reason to let go.

Moreover, with the release of several blockbuster movies by Shirakawa Paramount, Shirakawa Mutual Entertainment has also gained a firm foothold in the world.

As for SIC, it's pretty good right now. With the support of North Mi's local capital, it is inseparable from Intel.

After a few years of fighting, Motorola and Deyi's processor chip business is almost dead.

There are only two giants that are most eye-catching on the market right now, one is Intel and the other is SIC.

The confrontation between the two sides is also called "East and West hegemony" by the media, because the competition between the two may last for a long time because of similar strength.

As for a certain AMD Xiaolu, which has just been established, it can only tremble under the confrontation of two giants.

Of course, at the end of the day, neon is the foundation of Shirakawa Kaede.

Before the bubble shock and the great changes in the financial industry have not settled, his eyes will still be focused here.

In mid-'93, as land prices fell further, Neon's real estate did not bottom out as many expected.

Seeing the gradual decline of the economy, the previous allocation of 12 trillion funds did not have the desired effect.

As a last resort, the National Assembly once again discussed its preparations to increase aid to the financial industry, but at this very moment, the "Modern Foreign Magazine" suddenly published a detailed revelation about Changyin's bad debts.

In addition to Changyin itself, the bad debts of its 38 subsidiaries have also been exposed one by one.

Obviously, that list of detailed data must have come from within Changyin, and it no longer matters who made such top-secret data public.

Because the stock price of Changyin, with the release of "Hyundai Foreign Magazine", has fallen to 89 yen.

Everyone knows that Changyin is finished.

At this time, there were still endless quarrels within the government over the issue of Changyin, the opposition parties wanted to directly make Changyin afraid of bankruptcy, the party in power wanted to save another wave, and the non-party personages wanted to nationalize Changyin.

After endless disputes, by August, the stock price of Changyin had reached 40 yen, and delisting was imminent.

Kiichi Miyazawa, who was finally about to end his term, made the last decision during his tenure, that is, to officially approve the business plan of Beidu Bank to acquire Changyin.

He knew that if Changyin was left to the opposition, the only way that awaited it was bankruptcy would be.

The nationalization of non-partisan people is only a short-term plan, and the neon government cannot afford to keep sucking blood.

Therefore, after careful consideration, the business plan of Beidu Bank is the most reliable.

The final result of Changyin's sale to the Hokuto Bank is unknown, but it is better to hand it over to the market than to politicians.

So on August 5th, Shirakawa Kaede took Hiroshi Arai, Hachijo, and Tabuchi to the Council Hall of the Ministry of Finance again.

"Lord Shosho, Haneda-san, thank you for your attention." Shirakawa Kaede politely saluted the two heads of the neon supreme authority.

The ending has been decided, and he came over today just to take care of them personally.

"Brother Shirakawa, Changyin will be handed over to you in the future, please be sure to treat it well."

Kiichi Miyazawa and Haneda both formally bowed to Shirakawa Kaede, and this solemn tone had a kind of flavor of trust.

"Please rest assured, Changyin will definitely get a new life!" Shirakawa Kaede is ready for a series of reforms aimed at Changyin.

This will be a new way of doing business, with the goal of adapting to the future of neon economics and turning it into a profit within three years.

After getting his assurance, Miyazawa nodded, "Please~"

So under the witness of the cabinet, the high-ranking officials of the Great Treasury Bank, and Shirakawa Kaede, Yachijo Masaki signed his name on the agreement on behalf of the Hokuto Bank.

So far, after the bubble burst, the long-term credit bank for more than two years has become history.

Beidu Bank bought Changyin in its entirety for $1 billion, and will inject another $1 billion in accordance with the agreement.

Nearly half of Changyin's original 26.6 trillion loans were non-performing assets.

After passing through the Ministry of Finance, almost 4 trillion has been written off.

The disposal of the remaining nearly 6 trillion non-performing assets, after negotiation between the two parties, will be sold to government recycling agencies.

The matter was led by the Ministry of Finance, and the Northern Metropolitan Bank was responsible for screening.

The so-called non-performing assets contain a large amount of land collateral, some of which are not among the "non-performing assets" in Shirakawa's view.

For example, the Toranomon Building in Minato District and the Shiba Park Building, these landmark buildings have been affected by the property market and their value is seriously undervalued.

Shirakawa Kaede took a rough look at their valuations, which were more than three times lower than those of later generations.

If he gets it, he earns it, so how could he put it in the garbage heap?

So picking and choosing, after Shirakawa Kaede personally looked at it, 5 trillion non-performing assets were packaged and sold to the government recycling agency.

Most of them are financial credit products, and after evaluating them, they all recommend abandoning them.

In that case, there is nothing less to say, what should be sold is sold, and what should be kicked is kicked.

But even so, the Hokuto Bank is equivalent to taking over the bad debts of more than 1 trillion yen in the original Changyin account.

Otherwise, how could a huge long silver be worth only $2 billion.

This risky bad debt of more than 1 trillion yen is the big one, and counting the cash taken out, Beidu Bank will roughly take over Changyin at a cost of 1.3 trillion yuan.

Of course, how to deal with bad debts is also a science, and if the operation is good, it may not be impossible to turn waste into treasure.

In addition, the remaining 11 trillion loans of Changyin, although the Ministry of Finance swears that they are all health business.

But Shirakawa Kaede didn't believe in the neon officials' discipline, so at his request, the two sides also signed a "put option" clause.

That is, if there are bad debts in the subsequent loans of Changyin, it has the right to request the Neon government to repurchase the loans.

It's just an insurance policy for himself, and although he has taken advantage of it, business is business.

After all these were done and the division of non-performing assets was preliminarily completed, the news of the merger of Changyin and Beidu Bank was officially announced.

In September, Long-term Credit Bank and Beidu Bank officially issued external announcements.

The former Japan Long-Term Credit Bank will be merged into Hokuto Bank as a whole, and the new bank will be renamed Shirakawa Choshin Bank.

In fact, Shirakawa Kaede originally planned to call it Shirakawa Bank directly, but at the request of the Ministry of Finance, the word "Changxin" was retained.

This is the last stubbornness of the Ministry of Finance, after adding these two words.

At least it can be released to the outside world that Changyin is only merging, not a sign of bankruptcy.

For this kind of self-consolation of covering his ears and stealing the bell, Shirakawa Kaede did not object too much, and it should be regarded as giving the last dignity to the Ministry of Finance.

The reason why it is the word "long letter" is not the more recognizable title of "credit".

That's because after the merger, Shirakawa Changxin Bank is no longer a special type of bank, and it no longer bears its special responsibilities.

Shirakawa Nagashin Bank will continue to operate as a general bank, i.e., a metropolitan bank.

However, now that Changyin has just been swallowed, a series of internal reforms are also on the agenda.

(End of chapter)