Resource Tycoon Reborn

On June 22, 2007, HSBC announced that it had suffered huge losses in its North American home loan and mortgage business and had written down a total of US$10.9 billion in related assets. As soon as the news came out, the stock market fell sharply that day, including the Hang Seng Index.

It fell more than 760 points, a drop of up to 4%! The sharp drop in the U.S. stock market caused the stock markets in other countries around the world to also plummet. For a time, there was a "fall" in the global stock market. And on the same day,

"Heroes 2" was released simultaneously in 67 countries around the world. The sharp drop in the stock market did not affect the enthusiasm of movie fans to watch the movie. The box office in the North American film market reached more than 71 million U.S. dollars on the first day, ranking first at the North American box office and the global box office.

The box office this weekend exceeded the US$250 million and US$430 million marks respectively, breaking the record set by "Hero" in one fell swoop and becoming the new world record holder for Eastern movies! What's next?

In these days, "Heroes 2" has been making great progress in the North American and global film markets, winning the box office championship for four consecutive weeks!

On July 17, Zhao Ya gave birth to a son in Pingchuan, and the Fang and Zhao families celebrated the birth.

On July 19, Liaoning Iron and Steel Group Corporation announced that it had reached a cooperation agreement with Japan Steel Engineering Holding Company. Japan Steel Engineering Holding Company will transfer a complete set of production technologies for new generation pipeline steel plates to Liaoning Iron and Steel Group Corporation.

From mid-June to early August, more than 30 U.S. subprime mortgage companies went out of business one after another. Global stock markets fluctuated sharply due to the further deterioration of the U.S. subprime housing credit crisis, and all stock markets fell.

On August 21, Bear Stearns, the fifth largest investment bank in the United States, announced the collapse of two of its hedge funds, which once again shocked the global financial community. These were the first funds among Wall Street financial institutions to be hit and forced to liquidate.

According to incomplete statistics, investors in the two funds may have lost more than 1.8 billion US dollars!

In the Incheon International Airport in South Korea, drizzle continued, and Fang Mingyuan's plane slid into the tarmac. When he walked down the ramp, Li Jianxi was already standing at the bottom of the ramp, looking kindly at Li Xintong, who was holding his arm. On August 11th

On the same day, it was confirmed that Li Xintong was pregnant. Of course, Li Jianxi was notified of this news as soon as possible.

"Dad, why do you have time to come to the airport?" Li Xintong threw herself into Li Jianxi's arms and said overjoyed.

"You are about to become a mother, why are you still like this?" Li Jianxi hugged her shoulders lovingly and smiled gently, "Don't I want to see my baby girl as soon as possible? Think about how time flies.

It goes by so fast. The little girl back then is now going to be a mother, and I am going to be a grandpa."

"You are already the grandfather of three children!" Li Xintong wrinkled her nose and said, "He is only your fourth grandson." In recent years, Li Xintong's two sisters have each had two children.

"Why, are you jealous of your nephews now?" Li Jianxi laughed dumbly and said, "After staying in China for these years, don't you know what Aiwujiwu is? Since you are pregnant, you can return to South Korea this time

Stay longer, with your mother and sisters taking care of you, Mingyuan can be more relaxed, and I can rest assured, okay?"

"Yes, I know." Li Xintong nodded. Although she wanted to have Fang Mingyuan's company, she also understood that as the subprime mortgage crisis in the United States became more and more serious, at this time, Fang Mingyuan would definitely be busier.

After she became pregnant, she was no longer suitable to be his assistant. Instead of staying in Pingchuan, it would be better to return to South Korea to raise the baby. She would be in a better mood with her family by her side.

"Dad, Xintong and I have reached a consensus. I can rest assured that she will stay here. During this period, I will come over to accompany them as much as possible." Fang Mingyuan came over and said.

"Well, don't worry, we will definitely take good care of her." Li Jianxi smiled and patted Fang Mingyuan on the shoulder and said, "You also have to remember what you say, and you can't be biased. This is not the place to talk. First,

Go home!"

It didn’t take much time to get from Incheon International Airport to Fang Mingyuan’s villa in Gangnam District, Seoul. After entering the house, Li Jianxi asked the maids to take Li Xintong to the bedroom to rest. Although they were traveling on a luxury business jet, they were traveling from Pingchuan

It is also a flight of several thousand kilometers to Seoul. This is not a very easy journey for a pregnant woman. The two of them strolled to Fang Mingyuan's reception room in the house.

Li Jianxi sighed softly: "I really didn't expect that the subprime mortgage crisis in the United States would reach such an extent. Even Bear Stearns suffered a big loss this time." Bear Stearns is also a leader in the world's financial industry.

Famous, one of the world's top 500 companies and the fifth largest investment bank on Wall Street. The company's business covers corporate financing and mergers and acquisitions, foreign exchange and futures sales and trading, institutional stock and fixed income product sales and trading, private client services, and derivatives.

, securities research, asset management and custody services, can provide financial services to governments, enterprises, various international organizations and individuals around the world. It has been more than 80 years since its establishment. Such a company, although it has been

There have been times when there have been downturns, but it has been rare as this time. Just two or three years ago, Bear Stearns' pre-tax profits surpassed Goldman Sachs and Morgan Stanley, becoming the world's largest profit maker.

The highest investment bank.

"You are wrong to think so!" Fang Mingyuan said solemnly, "This is far from the peak of the U.S. subprime mortgage crisis." Bear Stearns is just the collapse of its hedge fund, and in the future

Soon after, even Bear Stearns itself fell into the water. Fang Mingyuan remembered it clearly. Later, as the subprime mortgage crisis continued to expand and increase, its losses also further expanded. Later, due to rumors in the U.S. stock market, Bell Stearns

Stearns had a liquidity crisis, which triggered a market panic. Bear Stearns lost a lot of money, and in the end it was probably acquired by the American company. Later, even Bear Stearns

Their names were all abandoned by ********* companies. Although Fang Mingyuan was not in the financial industry in his previous life, he still had some respect for the financial industry giants who had fallen in the subprime mortgage crisis and were once able to dominate Wall Street.

This impression is thanks to the media who bombarded and reported on ******** after the incident. They simply wanted to dissect the process of Bear Stearns' rise and fall!

Li Jianxi couldn't help but take a breath of cold air. Far from reaching the highest level, the financial industry was already in a commotion. The global stock market was jumping up and down. If this reached the highest level... what kind of trouble would it be! (To be completed.)

Continued.)

ps: ps: I have been looking after children for a day today. The time is too tight and I am really tired. Looking after children is a physical job and requires a high degree of concentration, so there are only so many.