Rebirth of Hong Kong 1981

   Chapter 872 The $30 Billion Plan

   Seeing Yang Chen shaking his head, Li Guowei was a little confused.

  Li Guowei wanted to say something, but was asked by Yang Chen.

   "I asked you to contact several major consortia in the island country before. How is your contact, and how did they respond?"

   "Boss, so far, the presidents of the Mitsui Foundation, Mitsubishi Foundation, Sumitomo Foundation and Fuji Foundation in the island country have made it clear that you are welcome to visit the island country to meet with them in the near future."

   "Among them, the former president of the Sumitomo Foundation, he asked the president of Sumitomo to hand me an invitation in person. He hoped that the boss could visit the Sumitomo family in person after arriving in the island country."

  In island countries, consortiums are also called chaebols.

  From the end of the island country’s isolation and the start of the industrial revolution, the chaebol forces have always played a very important role in the island country.

  The chaebol forces of the island countries are similar to those of the inland state-owned enterprises. The only difference is that one of them belongs to the private person and the other belongs to the state.

  There are a large number of enterprises in the island country, which are controlled by these chaebols. The influence of the chaebol power of the island country on its own economy has always existed and has not changed.

   Since the end of World War II, during the rapid economic growth of the island country, although the monopoly of the chaebol has been weakened, the strong family inheritance system within the Japanese consortium has not changed in the slightest.

  The current consortium in the island country is characterized and the core is a stable super-large enterprise as the parent company, the parent company has a large share of direct subsidiaries and affiliated companies, and implements vertical leadership.

  Many subsidiaries and affiliates also hold shares in the parent company, thus forming a close and mutual shareholding relationship.

  For example, large group companies such as Toyota and Hitachi are independent individuals, but due to the lack of financial capital support, a considerable part of them are corporate members of large consortiums.

In the    large consortium, there is no upper and lower **** relationship among the major member companies, and it is a loose association, linked by financial institutions and traditional relationships.

   Unlike other consortiums, the Sumitomo consortium is much closer than other consortiums.

  Sumitomo Consortium is one of the oldest enterprise groups in the island country, with a history of more than four years. As early as the 16th century, the Sumitomo family developed and grew by creating and operating a copper mine on Shikoku Island.

   For a long time, the Sumitomo Foundation has been the official copper supplier of the island country.

   As we all know, the island country is a country with very limited resources. The Sumitomo family has made a fortune by relying on copper mines and has survived for hundreds of years.

The family concentration of the Sumitomo Consortium is more obvious than other consortiums. Most of the consortium's industries are concentrated in the hands of the Sumitomo family. Before World War II, the Sumitomo family held more than 90% of the total share capital of the consortium. private consortium.

  After the end of World War II, the consortiums in the island countries disintegrated and reorganized into enterprise groups under the restrictions of the United States.

   With the disintegration of the consortium after the war, Sumitomo's companies also embarked on their own independent paths. At the same time, the Sumitomo family's political and economic influence in Japan has also been greatly weakened.

However, with the recovery of the Japanese economy after the war, the Sumitomo family has made a comeback and has grown stronger day by day. With the early accumulation of the family, the previously scattered consortium enterprises have returned to the Sumitomo Consortium. Therefore, the Sumitomo Consortium has always been based on the The Sumitomo family is the core, and the family nature is very strong.

   "After you go back, remember to give me a message to the president of Sumitomo, and say that I will visit the old president of Sumitomo in person."

"Help me prepare. At the end of this month, I will go to the island country in person. Before that, you can test the words of a few companies, and I am going to mortgage the shares of the game company and loan them 30 billion US dollars. and reveal it.”

   "Boss, you" Li Guowei couldn't help but turn pale when he heard the words.

  30 billion

   is not HKD

   is not yen either

   instead of dollars

  The most terrible thing is that his boss even took the shares of the game company as collateral, which made Li Guowei a bit unable to turn around for a while.

   He thought that Yang Chen would not be stingy when it comes to real estate in the island country, but he didn't expect Yang Chen to be so generous.

  $30 billion, a huge amount of money.

  Rao is Li Guowei's age, so he can't calm down.

   "This time I invested in real estate in the island country, I didn't want to spend a few years to earn that double profit. The growth rate of 20% is too low."

  Li Guowei opened his mouth when he heard this, and wanted to ask something, but he was afraid that it would be too abrupt, so Yang Chen refused to say it.

Seeing his reaction, Yang Chen didn't know what he was thinking, so he said, "According to the normal situation, with the economic growth rate of the island country, the real estate of the island country will indeed be as you expected, but there is one thing you forgot, That's what the global economy is facing right now."

   "The impact of the previous oil crisis not only caused the debt crisis of Latin American countries, but also slowed down the economic recovery in Europe, and also increased the US trade deficit.

  Due to the high exchange rate of the US dollar, a large number of US companies have fallen into the dilemma of exporting difficulties, and to solve the trade deficit, the US government must find a way to release various unfavorable factors..."

"From the current point of view, the island country and West Germany are undoubtedly the best choices. Since the end of World War II, the economy of the island country and West Germany has recovered very quickly, especially the island country, which achieved the largest economic aggregate more than ten years ago. second place."

   "The Japanese yen and the mark, these two currencies have two strong national economic support behind them, which can fully withstand the impact of the depreciation of the dollar."

   Hearing this, if Li Guowei didn't understand, he would be really stupid.

   "Boss, do you mean that the yen and mark are likely to appreciate in value next?"

   "This is obvious. The best way to solve the trade deficit is to reduce the export cost of domestic enterprises. Only when things are cheap can it be conducive to export competition..."

   "But the island governments and the West German governments. Will they agree to an appreciation of their currencies?"

  Once the yen and the mark appreciate rapidly, the international competitiveness of the export products of the island countries and West German companies will drop rapidly.

   In the face of this kind of thing, no country will easily agree to the appreciation of its own currency.

  Yang Chen smiled faintly: "Do you think a government that even controls its own country's national defense army is in the hands of other countries, they have the strength to resist and the courage to 'say no'?"

  To say that currency appreciation is sometimes not necessarily a bad thing. The two countries targeted by the Plaza Accord, West Germany and the island country, and the last two countries reacted differently.

  West Germany continued to develop in an orderly manner despite nearly doubling the value of its own currency, and was not greatly affected.

   And the island country, for various reasons, got a 'decade of disappearance'.

  ——

   (end of this chapter)