In the past, many local officials and wealthy people in China thought that Yang Xing's rise was dissatisfied, thinking that he was just a young man who emerged from luck at the right time. Later, it was even more liked by two prime ministers in a row, and he achieved his current achievements. If you change to someone with a family background and wealth that is better than him, you might do better than him.

But until now, he saw him responding and summoning nearly 100 private entrepreneurs to the western region to invest in the development of shale gas. Thinking about the fact that many second-generation rich officials and second-generations have various resources, it is not a mess that they realize that Yang Xing’s success was not achieved by luck. He is different from those local wealthy people in Hong Kong and Taiwan. Although his group is now based in Hong Kong and more than half of its business is overseas, he grew up under the Red Banner, made his fortune in the Central Plains, became famous in Shanghai, and has innately won the recognition of domestic entrepreneurs. Now he has firmly ranked as the number one domestic private enterprise.

In recent years, he led Zhongxing Capital to fight with Mitsui and Mellon Group overseas and steadily expand his market share around the world. He is one of the few entrepreneurs with international vision and business skills. The most important thing is that he has not yet reached the age of twenty when he started his business, and he is only thirty years old this year. He is much younger than most of the sons of rich men in the Chinese circle, and has a great future. As long as there is no accident like assassination, there is really no way to stop him from reaching the peak of the world's business world in the future. He would rather bear the white-headed man than bully the young man, let alone he is a rich man now. Therefore, domestic political forces have put away most of his covetous desire for him in the past and changed to flattering and borrowing all of them.

This made it very uncomfortable for those domestic officials who were somewhat proud. In the past, they could even show their superiority by meeting private enterprise bosses, but now they have to warmly entertain these bosses. For Yang Xing, they have to use the skills of flattering and applauding their superiors. Yang Xing felt helpless and had to return the gifts politely. Now is not the time when he succeeds and becomes a rampant. Because the foreign economy is already stormy, only China and Hong Kong have escaped from the vortex with their market rescue plan and become one of the few economic safe havens.

At present, this wave of financial tsunami lasts much longer than a real tsunami. With the acquisition of Bear Stearn Investment Bank, the entire Wall Street has fallen into uneasiness that is about to storm. As the pressure of lack of market liquidity continues to increase, the performance of major financial institutions has been on the rise. In order to understand the difficulties, the heads of Western countries such as the United States, Britain, and France have been constantly negotiating for a while, trying to find a suitable response to the crisis. British Prime Minister Brown and French President Sarkozy proposed to improve the transparency of the financial market and urged major international financial institutions to implement major reforms. US Treasury Secretary Paulson urged Congress to pass a $700 billion rescue plan as soon as possible and submitted a proposal for financial reform. It requires strengthening supervision of major financial institutions, but this is a long-term effect method and is not urgent.

The Federal Reserve, as the core of Western finance, was also panicked at this time. In addition to repeatedly entering the market and spending hundreds of billions of dollars to rescue the market, and providing US$75 billion in government bonds to primary traders through regular securities lending tools. It announced a 75 basis point interest rate cut again, and hinted that it would continue to cut interest rates until it dropped to zero interest rates.

The Federal Housing Finance Commission allows the Federal Housing Loan Banking System to increase its holdings of more than $100 billion in Freddie Mac and Fannie Mai bonds, and the Bank of England and the Swiss National Bank jointly inject $50 billion into the market. However, the loss of market confidence has only made these emergency measures boost the market for a short period of time. The hole caused by the subprime mortgage and European debt crisis seems to have become a bottomless pit, and no matter how much money it is invested, it cannot be filled.

In April 2006, the International Monetary Fund If made its first assessment of the losses caused by the subprime mortgage crisis. It announced that the world lost as much as $1 trillion in wealth. At this time, among the once famous large multinational financial institutions, among the once famous large multinational financial institutions, except for Xingfu Bank's high-profile publicity of profits in the fourth quarter of last year and the first quarter of this year, no multinational bank said it had no losses in the subprime mortgage crisis.

In addition to the US-European accident at the center of the tsunami vortex, the impact of the subprime mortgage crisis has spread to the world. Japan's Mizuho Financial Group estimates that the losses related to subprime mortgage loans of Mizuho Securities in the 2005 fiscal year exceed 400 billion yen (equivalent to US$3.9 billion); Deutsche Bank plans to sell US$20 billion of leveraged debts to private equity companies to make up for the losses caused by subprime mortgages; Citigroup announced that after reducing losses of more than US$13 billion last year, it had a net loss of US$51.1 billion in the first quarter; Tokyo Mitsubishi UF Financial Group expects that the group's related losses in subprime mortgages will be 95 billion yen (equivalent to US$92.1 billion) in the fiscal year ended March 31.

The long list of bank losses proves that even if the United States and Japan inject thousands of trillions of dollars into the financial market, most of the banks that can obtain funds are used to make up for their losses. Instead of lending to real enterprises as expected to support their operations. Therefore, the real economies of various countries soon began to operate poorly. The most representative one is that General Motors and Chrysler, one of the three giants in the United States, both reported that there are large debt risks. If the economy continues to deteriorate, the fate of these two century-old stores going bankrupt cannot be ruled out.

In addition, large companies such as General Electric in the United States and Sharp in Japan have frequently reported loss warnings, and the market is covered with dark clouds. Only Zhongxing Capital, which has just completed privatization, not only has greater operating authority, but also has nearly 100 billion cash. The group's new products are still very popular. Although the overseas market has not grown well due to the crisis, the domestic market, as an emerging market, has a good replacement for the gap in the foreign market. After the Spring Festival, sales figures in Greater China are gratifying, and there is a vague momentum to surpass the overseas market.

In this case, Yang Xing had to take advantage of the victory. At the end of April 2006, he changed his previous practice of pretending to be sick and living in seclusion. After inspecting the progress of shale gas well construction in Baling and Shancheng, he went to Shanghai first, preparing to use this as a starting point to inspect many coastal cities and learn more about the situation of major star cities. As soon as he arrived in Shanghai, he made a special trip to place an old acquaintance, Guan Ziping, former vice governor of Haixi Province.

In 2000, when he and Rong Mingyou jointly planned to build a port at the best coastal location, their first choice was Sanduao Port in Haixi Province. Now, after construction in a few years, Sanduao and Hainan Yangpu Port, which were not selected at the same time, have undergone earth-shaking changes. Yangpu Port has jumped to the first place in Hainan and ranked fifth in the southeast, becoming a hub for the Indian Ocean in China. Now, Yangpu Port and its surrounding development zones are important centers for financial, shipping and petrochemical reform in the southeast region. It has a national strategic reserve oil depot base and the largest fuel oil distribution center in China. It is now applying for approval from the central government to upgrade it to a prefecture-level city, and has greater reform authority.

Compared with Yangpu Port, it had a certain foundation for port construction before the development of Yangpu Port. Although Sanduao did not occupy the time, Guan Ziping, who was in charge of the vice governor at that time, obviously had a unique vision. He relied on Sanduao's unique geographical advantages and seized the opportunity of the Blue Camp presidential election to be elected due to Yang Xing's "two bullets" effect on the other side of the strait. He intends to ease relations with the mainland, open up the road of cross-strait and three connections, and devotes all his efforts to build Sanduao Port. Since Haixi Province has far surpassed Hainan, Sanduao later took action. Now the construction scale is still above Yangpu, and even compared with the famous ports on the southeast coast, it is not inferior.

Now Sanduao Port is undoubtedly a major political achievement of Guan Ziping. Its port throughput has doubled year by year. The shipyard jointly invested and built by Xingchen Manufacturing and China Changchun Group, which was built on the port, ranks first among private shipyards in the country. It is also developing high-tech ship types such as deep-sea drilling ships and liquefied natural gas ships. Sanduao, a once impoverished county in the mountainous area, has now completely become a modern and vibrant new port city.

The success of Sanduao undoubtedly played a great role in Guan Ziping's career going all the way. Yang Xing caused the earthquake in the officialdom last year, which led to a major change of leadership in Jiangsu and Zhejiang. Guan Ziping was valued by the central government for his true and bold and courageous style of reform. He took the temporary position of Secretary of the Zhejiang Provincial Party Committee in less than a year and took the post of Secretary of the Shanghai Municipal Party Committee and Acting Mayor. You should know that although the Shanghai Gang in China is declining, if you want to enter the core leadership circle, the resumes of leaders of several municipalities are indispensable. Obviously, Guan Ziping was regarded as one of the candidates for the next leadership team at this time.

Of course, Yang Xing knew that he was the core of the next leadership. Although he was rich in the world, he was not so arrogant that he thought he could interfere with the appointment of national leaders. If there was such a good opportunity in front of him, he would of course hug Guan Ziping's thick legs. This has been rewarded with Wen Rengui, so he tried his best to work hard on energy issues. Now when he met Guan Ziping, Yang Xing certainly wanted to keep in love with each other and bet on him. It would be better to give him some great achievements and invest in Shanghai.

Speaking of which, his relationship with Shanghai is complicated. His first billionaire was in Shanghai. Zhongxing headquarters was also located here. But later, due to the deceitful political scene, Zhongxing Capital and the Shanghai government had a feud. Many investment projects ended up falling into the past, and even the Shanghai headquarters was almost revoked. It was not until the Great Buddha collapsed and the former Shanghai mayor was resigned due to a major social security case. Guan Ziping took office and immediately resumed the relationship between the two. Yang Xing chose Shanghai as his first stop this time to make up for his regrets and do more for Shanghai.

Guan Ziping felt this kind of kindness at the first time. To be honest, he also felt that the former city leader's approach was ignorant. He didn't need to keep the talent around him who could start a business and enter the Fortune 500 world. What should he do if he always covets other people's wealth? Could it be that his successor can operate better than Yang Xing? Zhongxing Capital's target is General Electric, Goldman Sachs, Japan's Sony and Toyota, which do not look down on domestic rivals. You see, Yang Xing's stock plummeted as soon as he was attacked. When he woke up, he immediately rebounded. He understood that what is important is not this company, but the existence of this person.

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