Chapter 822

Greater China Star

If the Macau dollar can be used as a substitute for the RMB, and test the waters first in the Heng market, it can also play a role in playing hard to get. Macau is the main superior to the Macau SAR government, the Macau SAR government can adopt the tricks of the Hong Kong government in the Asian financial crisis, both as an athlete and as a referee, hedge funds and foreign exchange speculators, and I am determined to die. Then no matter how many preventive measures are adopted, the loopholes can be found. Instead of doing this, it is better to take the initiative and take advantage of the opportunity of pegging the Macau dollar and the RMB. They can take action. No matter what happens, they can control it within a limited range in Macau. If they really want to bear it, there will be two strong supporters from Hong Kong and the Mainland. Even if they fail completely, they will be unable to collect the currency and stop issuing currencies. For the time being, they will change to Hong Kong dollar and RMB circulation in Macau. This super trump card is in hand.

Yang Xing plans to be vicious. Since many foreign exchange tycoons have been buying RMB appreciation recently, then take advantage of this opportunity to catch them off guard with the Macau dollar and RMB peg. As long as they are planned properly, they can reproduce the scene of the speculators in order to protect the Hong Kong dollar and the exchange rate. They will severely crack down on Hengfinancial tycoons' ambition to manipulate the internationalization of the RMB. Macau can also benefit from it and become another professional RMB tycoon after Hong Kong, providing new growth points for regional economic development.

After Yang Xing's analysis, the conference has become a preparatory meeting to use domestic and foreign exchange reserves and various funds to buy at the bottom. In addition to domestic companies committed to expanding, it has also expanded to bringing Hong Kong and Macau in to work together and play a big game. This is no longer a simple decision by several experts and scholars, but has risen to the national economic strategy.

As the host of the conference, Wen Rengui made a quick decision. While reporting the spirit of the meeting to the central government, he took the initiative to gather leaders of large state-owned enterprises directly under the central government and many local private entrepreneurs with balanced management experience to see if the suggestions discussed at the meeting were feasible. Finally, he secretly invited officials from the Hong Kong and Macao SAR governments to Beijing, thinking that Yang Xing's proposal was feasible. If it was really successful, it meant that this financial year was a crucial step for China's growth. If it took, the sky would be wide.

The final result of the meeting is obviously towards Yang Xing, because he was awarded the position of special advisor to the Heng bottom-buying team. He has little reputation but is in real power. He wants the general manager of the plan, Yu Mingguang, Vice Premier of the State Council. In Yang Xing's memory, he will partner with the future national leader Guan Ziping and become the next prime minister. Wen Rengui's successor is also very supportive of Yang Xing's plan, and he clearly stated that Heng bottom-buying is only responsible for the general direction, and the specific plan should be proposed and implemented more rely on Yang Xing. This decentralized attitude means that Yang Xing has become the general manager of the entire Heng bottom-buying action.

This was an unexpected surprise for Yang Xing. He climbed to the high branches of two prime ministers and gained a lot of benefits. He knew the reason why some people in the court were easy to be an official. Now he has won the favor of Yu Mingguang. His future is bright. With his current position as the first domestic entrepreneur, he will be in charge of commanding the Heng base-buying team. He will soon achieve the first victory in the first battle.

In October 2006, the global financial crisis caused by the subprime mortgage crisis has been more than a year, but the world economy still cannot see the light at the end of the tunnel. The clouds of the financial industry have expanded to the physical manufacturing industry. The exhausted international electronics market news continued to continue. The world's second largest memory manufacturer in New York, the United States, announced bankruptcy. The memory factory under Infineon's company, under pressure from competitors such as Samsung Nebula, fell sharply, and was eventually sold to Nebula Electronics and another domestic server company, Inspur Group, for an extremely low price of RMB 50 million.

The four giants in the domestic telecommunications industry, Datang ZTE Huawei and Nebula, the "Great China Star", formed a group to acquire Canada Nortel Communications for less than 5 billion US dollars and received approval from the US and Canadian governments, which allowed the world to appreciate the collective rise of China's electronics industry. Because Nebula Electronics emerged, it had a huge impact on the world's electronic market structure. Due to the acquisition of many world-leading electronic technologies and forming strategic manufacturing alliances with domestic partners, many key products are made in China with a huge market and low labor.

In the beginning, Nebula Electronics made memory for exchange

Am does not hesitate to use digital music player MP technology for exchange. Now Nebula Electronics' memory particle manufacturing volume has entered the world.

Among the top three in the am market, except for Samsung, this German Chimonda has a reputation and technical level comparable to that of Nebula Electronics.

Nortel Corporation of Canada is even more amazing. It was once ranked as the world's largest hardware manufacturer of network communications. Its business scope includes data packet fiber optic wireless and voice technology. It is the world's chief supplier in the fields of optical network ** enterprise communication platforms. The two industry leaders are in trouble. However, this time, financial management has led to the outbreak of problems such as poor management and financial fraud. China Hengba team took advantage of the momentum to take them down. This sales share has gained greater market space for domestic companies.

Chimunda and Nortel Canada are just part of the portrayal of the difficulties faced by the world's electronics industry. In recent years, the IT industry has accelerated its renewal speed, and the penetration rate of home computers in emerging market countries has increased rapidly. The emergence of the phone and spad tablets has opened up a new world for the mobile Internet. However, the financial industry has given the rapid growth of the electronics industry a cold water crisis. During the crisis, many companies were forced to tighten their belts. The main target of reducing expenditures is various consumer electronics products. The signals transmitted from the decline in terminal orders to all links of the production chain show that they have to go through a painful period. Germany Chimunda and Nortel Canada have become typical losers.

The decline of Western electronic companies contrasts the overall rise of the domestic electronics industry. The domestic "Greater China Star" is the representative. Even if it does not rely on Yang Xing's "predictions", Nebula Electronics has frequently made moves in the international market in recent years and has dominated many aspects. Now Nebula can have production lines from chips to various terminal products. It not only meets its own needs, but also can produce OEM and design on behalf of others, especially Nobel Prize winners like Kao. After acquiring the US World Communications Corporation, Nebula Electronics became the leader in the world's optoelectronics industry, and the acquisition of Canadian Nortel's representative company's business has fully entered the North American telecom market.

After unremitting efforts, Huawei and ZTE have made their product performance comparable to those of Western countries, and their price is less than half of theirs. This is undoubtedly a huge impact on Canadian Nortel Corporation. In addition, the group's most proud government department has exposed a scandal of financial fraud. It has not raised enough working capital in the market, so it has to declare bankruptcy.

Acquisition of Heng Electronics Enterprises only sounded the clarion call of Heng's bottom-buying group. Then, the largest commercial lender of the United States with a century-old history, CiT Group also entered the Chinese people's vision. CiT's debt was as high as 64.9 billion US dollars when it went bankrupt. The most serious thing is that as the first batch of government-funded banks after the Wall Street Reform Act, CiT spent all its temporary funding and was still unable to make a comeback. The collapse of such a large national bank gave Yang Xing and the "Prophet" a lot of room for operation. Bank of China and ICBC's branches in the United States have proposed to acquire CiT's US assets.

Of course, the most important thing is to make extremely smooth share repurchase of listed companies of several major state-owned banks. Goldman Sachs, Morgan Stanley, Bank of America, Citibank, and other companies that were originally major shareholders of the four major banks are now unable to protect themselves. At that time, they wanted to acquire Chinese bank shares and enter the Chinese financial market with the plan to acquire Chinese bank shares. In order to accept the rescue funding assistance of the US government, companies must divest non-core assets, so they had to bear the pain and give up the promising Bank of China shares to the company to hand over the promising Bank of China shares.

The most unexpected gain in the first wave of acquisition offensive of Heng's bottom-buying group came from Citibank in the United States. During negotiations with Citibank, Heng's bottom-buying group unexpectedly learned that due to the toxic assets triggered by the US subprime mortgage crisis, Citibank, which was once the world's largest bank, was going bankrupt!

In August 2006, Citibank's stock price fell by as high as 68. Now it has fallen from the highest point of around 35 US dollars to 1.6 US dollars per share, and its market value is even less than 5 in the highest year! In the minds of Chinese people, Citibank is almost a representative of the US financial industry. Although its correct English translation should be a city bank, as the first to start a business in China, the Chinese people mistakenly think that this bank represents the US government because of its long-term use of the American flag, and directly called it "Citibank". In the future, it became a common name for Chinese people. It can be said that it is well-known in China. Even such a century-old store has problems, which really makes the whole world feel that the financial hailing is far from over.

Citibank is one of the financial services groups with the largest asset regulations and the highest chain business categories in the world. After the merger with Traveler Group in 1998, it jumped to the leading position in the world's banking industry. With the legal barriers of Bank of America and investment banks being broken, it has also actively invested in the management of the Mixed Leaf, but this has also planted the seeds for its current predicament.

Due to the low capital requirements and high profit returns in the financial derivatives market, such opportunities are proven by Wall Street one by one. As a commercial bank, Citibank, the prudent operation of traditional commercial banks has gradually given way to risk expansion, and has also put it on the gorgeous guise of taking risks and managing risks. In fact, it has turned the operation of commercial banks into gambling with investment banks, and its operations are becoming increasingly out of touch with the core business of commercial banks (you are welcome to subscribe, reward,,

Chapter 822

Greater China Star

Chapter 822

Greater China Star is
Chapter completed!