Banking crises can be magnified hundreds of times with the help of the capital chain. When HSBC consciously broke its arm and saved itself very decisively, the crisis gradually broke out after half a month of brewing.
The Brit of hk announced to take over HSBC and sort out its financial security loopholes. But when they determined that the loophole was as large as hundreds of billions of dollars, they actually shrank, refusing to provide government-level credit guarantees, and even less willing to inject emergency funds.
hk is the regional financial center of East Asia, but the British sit by and watch the crisis erupt. Because the hole is too big, the British Isles will be pulled in accidentally.
This situation even exceeded Zhou Qingfeng's expectation. He was originally venting his anger to find trouble with HSBC, but he did not expect that HSBC was the core of the intertwined capital chain.
HSBC suffers, and all entities involved with it have to be implicated.
The economic engine of East Asia at this time is Japan, but Japan’s economic crisis has already broken out, and now it is hard to protect itself.
The other little dragons and little tigers couldn't afford enough scenes, and could only watch the danger of breaking the capital chain spread outward like a plague.
Panic is contagious.
When financial institutions across East Asia realized that the crisis was inevitable, everyone was drawing money and shrinking to save lives. If you don't want to go bankrupt, selling assets at a low price is the only way.
In the face of the financial crisis, the savior who can come up with money is the savior. When Zhou Qingfeng expressed that he was willing to spend money on acquisitions, first a bunch of financial institutions jumped out to sell him packaged'negative assets'.
The'negative' here does not mean that the assets are not good, but that these assets are depreciating.
What's ridiculous is that not only HSBC is doing this, but a lot of banks are doing it.
This is similar to the previous Tianyang bank trying its best to get rid of the burden of state-owned enterprises. Every extra day of'baggage' stays in your hands will result in an extra loss.
Banks hate losses the most.
The number of'negative assets' sent to Zhou Qingfeng were like pieces of fat, which made it difficult for him to choose.
At present, the entities that are sold are with great development potential. With the rapid growth of the domestic economy that is about to begin, as long as they are bought, they can earn ten times and one hundred times.
One and a half billion dollars is obviously not enough.
Sophia had to increase the purchase amount to 5 billion U.S. dollars in order to include more assets in the purchase list. But when the more money is spent, the number of companies rushing to sell will increase tenfold.
After the publication of the "Shengguang Economic Weekly" in April, some banks confirmed the profit forecast of the "Shengguang Group" and were willing to provide loans to the "Shengguang" to help with the acquisition.
This... This... This... This... Sorry!
Uncle Zhou is still ethical and unfamiliar with the black-hearted routine of "destroying homes and gaining wealth" in the West but also slandering others. He always feels that the crisis he has created cannot be too public.
But the practice of taking advantage of one time is not enough, but taking advantage of more is too much... it is impossible to refuse.
Even the chaebol on the Japanese side could not sit still. The'Mitsui' who had been in contact before sent someone to the door to request to continue the loan business with the'Sacred Light' and provide further services.
With the lead from Watanabe, the'Mitsui' consortium sent a vice president to visit Zhou Qingfeng in hk in person.
In the meeting room of the'Shengguang' branch, the two parties met and exchanged greetings, and the vice president of'Mitsui' expressed his intentions straightforwardly.
"Your Excellency the President founded the'Shengguang' Group in the past two years, and the rapid business development has been impressive. Our'Mitsui' has always attached importance to the mainland market and is willing to provide assistance for the expansion of'Shengguang'.
We have obtained the financial status of "Holy Light" announced by PricewaterhouseCoopers recently, and we believe that it is necessary to provide more financial support to the President. "
Here, Eagle Sauce imposes sanctions on'Holy Light' in the name of illegal smuggling. On the other side,'Mitsui' has the courage to provide President Zhou with funds. The world is indeed absurd.
The yen is currently rising in value, which has hit Japan's exports hard. "Mitsui" previously gave "Sacred Light" a total of 100 billion yen, which is almost one billion U.S. dollars in US dollars.
This time, "Mitsui" directly increased the loan amount to 300 billion yen, with an annual interest rate of 4%, and a 30-year repayment period. 'Holy Light' uses its own assets as collateral.
The condition is that the assets of the Japanese side must be purchased, to be precise, the negative assets of Mitsui itself that are depreciating.
Like HSBC,'Mitsui' has also made a booklet on saleable assets-a small Japan has a lot of money and can sell more things.
The first dozen pages are all kinds of real estate, mainly real estate in Tokyo. Uncle Zhou directly pass-buying a property in hk is still a miss. When buying a property in Tokyo in 1992, do you want me to jump off the building
Except for properties in Tokyo, there are many properties in New York. Uncle Zhou passed even more-I was sanctioned by Eagle Sauce. I bought it in the morning, but I was afraid that it would be confiscated in the afternoon. The wrong money is spent only when there is a pit in the brain.
Next are some financial products and overseas assets. 'Holy Light' hasn't expanded to the world yet, reaching out to Southeast Asia is Zhou Qingfeng's heart.
After turning over the pamphlet, Zhou Qingfeng didn't find what he liked either. He asked rhetorically: "Are there any assets in the electronics industry that can be purchased directly?"
Sitting next to him, Watanabe hurriedly handed over a list of his own made, all of which were some of the'low-end' electronic component products mentioned by Zhou Qingfeng before.
The list was forwarded to the vice president of'Mitsui', and the other party looked down at some gadgets such as resistors, capacitors, and transistors. The technology and value of these enterprises are not high, and the total of ten factories is not as good as a building in Tokyo.
The quality of domestic electronic components has been quite poor for a long time. It is not that the technology is not good, but that the workers have no sense of responsibility at all. Domestic companies simply don't want to use domestically produced goods, and similar situations abound.
"I want to buy with people and factories, starting with raw materials, and directly move the industrial chain to the country." Zhou Qingfeng knows that it is difficult to establish a system, so it is better to just copy the existing system of others.
Just spend money on it.
Anyway, it is the loan given by Little Japan, which has a 30-year repayment period, so you don’t need to use it in vain.
Hearing that Zhou Qingfeng even wanted workers, the vice president of'Mitsui' readily agreed-they were all very basic things, and there was nothing to sell.
"I also want a semiconductor chip industry chain, from silicon crystal manufacturing to chip design to IC packaging and testing."
As soon as Zhou Qingfeng spoke, the other party wanted to shake his head. But he stopped the opponent's refusal and continued: "I can accept non-mainstream processes."
Now the mainstream of the semiconductor industry is eight-inch wafers, one-micron manufacturing process, integrating millions of transistors, and reaching a computing speed of 100 MHz.
Not only does China fail to reach this level in terms of hardware, it is even worse in terms of software and talents, and there is no related industry at all.
Except for a small number of military industries, the number of employees in the consumer chip industry is equal to zero.
In fact, the country is in a closed market, and sales can be profitable even with a lower level of technology. The key is to build a talent team. No one, how about a five-nanometer lithography machine
But this made'Mitsui' hesitate. What Zhou Qingfeng didn't want was Jinshan, what he wanted was a golden finger that turned decay into magic.
Seeing the other party lowered his head and was silent, the President leaned back and waved his hand and said, "Make a quote. I want the entire industry chain. Ten billion U.S. dollars, is it enough? If it's not enough, 20 billion!"
The vice president shook his head, "Your Excellency, the semiconductor industry chain is very long and there are many supporting companies. Even if it is not the latest technology, US$20 billion is far from enough."
"Then 30 billion U.S. dollars." Zhou Qingfeng did not hesitate to overweight, "If you are willing to sell, I can also purchase another automobile industry chain or petrochemical industry chain."
The vice president on the opposite side was surprised like a toad, "Your Excellency, I want to take the liberty to ask, are you sure that the'Holy Light' has so much foreign exchange?"