The financial tsunami that originated in 2005 was promoted by Yang Xing, and he could take advantage of the rebirth. Although the time was advanced by 3 years, he forced the US subprime mortgage crisis and the European sovereign debt crisis. As a result, 11》2 produced no less destructive power than his previous life. In addition to revenge, he also felt that this was a once-in-a-lifetime opportunity. The impact of this financial tsunami on international political and economic order was so great that it was no less than that of the Great Depression era in the 1930s. It was the fuse that triggered World War II and created an international situation that lasted for more than half a century.

This time, Yang Xing led the overseas bottom-buying team to take advantage of the opportunity to develop and strengthen its own strength and prepare for China's revival when Western countries are generally in recession. Now many large financial institutions in the United States have suffered asset losses and have to ask for help from external investors. The overseas bottom-buying team is undoubtedly the "white knight" in the eyes of Wall Street.

In addition to Citibank's bankruptcy crisis, Wall Street tycoon Goldman Sachs Investment Bank was also in trouble. Although before the crisis broke out, through its relationship with Yang Xing, Goldman Sachs first discovered that the situation was not good, and immediately cleared the subprime mortgage accounts and escaped the first wave of subprime mortgage crisis. But the good times did not last long. Now it fell head-on in the whirlpool of the European debt crisis. The EU was very annoyed that it used to conceal the truth by assisting Greece, Spain and other countries to join the EU, and believed that it was precisely because of the deception of US investment banks that the debt crisis in Greece and other countries that had an unshirkable responsibility.

For this reason, Goldman Sachs issued a sky-high fine, and for this reason, Goldman Sachs had to sell its shares to Buffett's Berkshire Hathaway to help the world. Compared to missing the opportunity in his previous life, the overseas bottom-buying team that was negotiating with Citibank on Wall Street naturally did not miss the opportunity. China Investment Corporation and others also became the major shareholders of Goldman Sachs.

The overseas bottom-buying team also targeted the American auto industry giant. Although the US government provided 850 billion US dollars in rescue funds, the number of large American companies that were in crisis this time was more. In November 2006, not long after Citibank announced bankruptcy, the bosses of General Motors and Chrysler, a landmark American manufacturing company, both went to Washington to attend a hearing, crying helplessly and said that if the government does not rescue, it will declare bankruptcy. The US government is also very troubled. In its previous life, it was forced to localize General Motors, and Chrysler was sold to Italian Fiat.

Now, with the emergence of Yang Xing and the assistance of the "Prophet" system, overseas bottom-buying teams can form an alliance of domestic automobile companies before Fiat, Italy, and eat up most of the technology and brands of Chrysler. In addition, General Motors' many talents, patents and automobile production bases in Asia have basically fallen into the pockets of Chinese companies. Although the American right wing shouted loudly that "the Chinese bought the United States", at this tight funding moment, the US government obviously did not have much intention to care about the nationality of investors.

Of course, as the leader, Yang Xing also wants to be both public and private. For example, when acquiring Citigroup assets, Zhongxing Capital's acquisition focus was not on bank assets, but on the insurance business of Citigroup, because its Traveler Group is the second largest insurance company in the United States, Xingan Insurance, China Life Insurance, and China Pacific Insurance have been coveting its Asian business for a long time. In addition, the US International Group was forced to accept US government assistance and sold a large number of businesses. Chinese insurance companies took the opportunity to take action and directly crossed the gap with the Western insurance industry for decades and became a big player in the world's insurance industry.

Citigroup is nicknamed "Financial Supermarket", claiming to provide any product in the financial market. This time, I never expected that it would become a supermarket, allowing Chinese overseas bottom-buying groups to ask for their own asset shelves. After this increase and decrease, many financial media predict that the world's largest bank will sooner or later fall into the hands of the Chinese.

The purpose of the overseas bottom-buying team is to make the foreign exchange reserves the greatest benefit. Obviously, it is not just staring at the United States, but Yang Xing got his next goal early. What surprised everyone was that he did not choose the debt-ridden Europe, but pointed to the Middle East, which was Dubai, the UAE, which had a close relationship with him.

On November 25, 2006, the UAE Dubai government suddenly announced a major news that it would reorganize its largest corporate entity Dubai World Company. At the same time, the Dubai Finance Ministry also announced that it would delay the repayment of Dubai World's debt by 6 months. This caused a sudden wave and the European stock market fell sharply. The major European bank stocks, as Dubai creditors, were sold on a large scale. The market exclaimed that the second wave of the financial tsunami was coming.

"The gazelle must run faster than the lion, otherwise it will be eaten. The lion must run faster than the gazelle, otherwise it will starve to death. Whether you are a gazelle or a lion, you must run faster than the other party." This is a sentence that Al Maktoum, the chief of Dubai, who is known as the creation of the "desert myth", often spoke. But when Yang Xing first met this person, he reminded him in person not to run too fast, otherwise he would take too big steps and easily pull the eggs. Unfortunately, the chief did not listen to this advice at all.

Although Dubai lacks oil and gas resources, it can emerge in the Gulf region, relying on high-end real estate and tourism development. The world's second skyscraper, "Dubai Tower", and the world's largest artificial island "Palm Island", have dazzling the world, attracting a large number of institutions and personal funds, including British football star Beckham. Dubai has promoted a US$300 billion construction project with the goal of building logistics, leisure and financial hubs in the Middle East. Its largest real estate developer is the Dubai World supported by the Dubai Chief. The company's slogan is "The sun never set", which shows its ambition.

After the 911 terrorist attack in the United States, Middle Easterners traveled to Europe and the United States and were restricted. Dubai took the opportunity to absorb regional leisure demand and played a role as a "financial liberated zone". In this process, the business of the state-owned enterprise Dubai World spans many areas such as port operation, real estate development, tourism and leisure, private equity funds, aviation projects, securities trading and financial services, and has promoted large-scale projects around the world to realize the Dubai government's ambitions. The debt of the government and enterprises continues to increase like a snowball. When the debt crisis broke out in Dubai, foreign debt was about 80 billion US dollars, while the Dubai World accounted for more than 50 billion US dollars.

When the global financial crisis first emerged, the Gulf region was relatively less affected. As a Gulf financial center and emerging economy, Dubai once became a "safe haven" and "money snatching pot" of global funds. But the good times did not last long. With the waves of financial tsunami, major European and American financial institutions in the crisis had to withdraw funds from Dubai construction projects in order to protect themselves. Dubai was suddenly in a state of inadequate income. Many projects were suspended due to financial difficulties, and a large number of foreign workers returned home.

The Dubai world is in trouble, indicating that the "Dubai model" of large-scale debt development is shattered. Many outside commentators believe that once the Dubai world falls into a situation of not paying back debts, it will have extremely serious negative consequences for the Dubai world, Dubai sovereign debt credit, and UAE market confidence. Moody's and Standard & Poor's immediately significantly downgraded the debt ratings of many Dubai government-related institutions, causing them to lose their "investment grade" ratings, and some of them are even lowered to junk level, even surpassing Iceland, which has not yet escaped from the shadow of national bankruptcy.

As Dubai World and its subsidiaries make large loans internationally, the banking industry, especially European and American banks, has become the hardest hit areas of this default. Among European large banks, banks that often serve as the book management of Dubai bond and loan transactions include Barclays, Deutsche Bank, Royal Bank of Scotland, BNP Paribas, Dutch International, Lloyds Bank Group. In addition, Standard Chartered and HSBC have also issued considerable loans to the Middle East. Among the large US banks, banks involved in Dubai's principality bond or loan transactions include Bank of America, Citigroup and JP JP Morgan Chase. This long list indicates that the European and American banking industry is facing a new round of blow.

Now everyone thinks that the global economy is showing signs of recovery, and the financial tsunami is about to end. Dubai suddenly announced a delay in repaying debts, which undoubtedly caused a severe blow to the market confidence that had just recovered hope. Market insiders are worried that the Dubai world will become another Lehman Brothers company, triggering a new round of global credit crisis.

Once the world debt storm in Dubai was exposed, it quickly triggered a chain reaction around the world. From commercial banks in Taipei to builders in Sydney, to insurance companies in Munich, some companies that may be implicated in this incident came forward to clarify or defy the rumors, and the prices of related stocks also plummeted sharply.

At this time, Yang Xing threw out the famous investment quote of Buffett, who said that although there was something wrong with Dubai, there was support from Abu Dhabi, who was rich and powerful. In addition, Saudi Arabia, Kuwait and other brother countries will not let it go. The icing on the cake is not as good as a timely help. At this time, buying the bottom is not only cheap, but also wins gratitude from the Gulf countries, which is also of great help to the country's oil import strategy. Since the overseas bottom-buying operation in the United States is quite smooth, the overseas bottom-buying team decided to rescue Dubai.

In order to show support for Dubai, Yang Xing personally launched the opening ceremony of the World Aviation Conference held in Dubai. In order to create a sensation, he brought several special exhibits, which indeed attracted the attention of all parties, and boosted the morale of Dubai, which is in the midst of the bleak wind and rain. In addition to being grateful, he naturally cooperated with the various conditions proposed by the overseas bottom-buying team led by Yang Xing. To be continued. If you like this work, you are welcome to subscribe to Qidian Mobile.com and reward. Your support is my greatest motivation.
Chapter completed!