Resource Tycoon Reborn

Half an hour later, Yao Mingge and his party left Guo's Shipping Group Company. Hao Degang looked at Yao Mingge in surprise, whose face was as black as the bottom of a pot. He didn't understand what was going on. Could it be that Fang Mingyuan in the middle was holding Yao?

Ming Ge went out for more than ten minutes, and this is what he looked like when he came back. But it seemed that although Ming Ming was full of anger, it didn't seem to be directed at Fang Mingyuan. When he left, he expressed his gratitude to Fang Mingyuan.

, the tone sounded very sincere.

Ji Mingge's anger was indeed not directed at Fang Mingyuan, but at Futong Group Company. The ten minutes that Fang Mingyuan pulled him out actually made him do one thing! After entering Fang Mingyuan's office, Fang Mingyuan

He took out a document bag from his desk and handed it to him. Ji Ming was still a little confused at first. He said that. What did Fang Mingyuan mean? Did he agree or disagree? But when he finished reading

After those documents, Ming Ming's anger suddenly spiked!

Those are several internal documents of Fortis Group. The documents mentioned that in 2007, due to the U.S. subprime mortgage crisis, Fortis Group may suffer losses of more than 430 million euros! But

As recently as November 2007, the management of Fortis Group publicly announced that Fortis Group may suffer a loss of RMB 2,000 in the U.S. financial derivatives market due to the decline in the price of the secured debt obligations it holds.

Around 10,000 euros! Obviously, Fortis Group concealed its operating losses! In this document, it was also mentioned that Fortis Group had hidden a total of 2.4 billion euros in losses through accounting processing! And in the document,

The person in charge of Fortis risk control also emphasized that "Fortis Group should deeply reflect on the painful lessons it suffered in 2007 due to underestimating business risks, and pay attention to risk prevention and control in 2008." In this sentence.

Underneath the words, there was a heavy stroke with a red pen.

These documents also mentioned that the Tier 1 capital adequacy ratio of Fortis Bank, a subsidiary of Fortis Group, is less than 3%, while the Basel Accord requirement is 8%. After the acquisition of ABN Amro, Fortis Bank

Its core capital is only 4%, but it claims to the outside world that it is 6%! As for other data that are inconsistent with the information submitted by Fortis Group and China Anping Insurance Group Company, there are many other discrepancies.

Although Ji Mingge cannot say that the internal documents of Fortis Group that Fang Mingyuan handed over to him are necessarily accurate, it at least proves that the information that Fortis Group handed over to China Anping Insurance Company may not be accurate!

Moreover, Ji Mingge believes that Fang Mingyuan has no need to deceive himself on this issue, and if the acquisition of Fortis Group is indeed profitable, it is also a good thing for HSBC Holdings Co., Ltd., after all, HSBC Holdings Co., Ltd.

The company is also the single largest shareholder of China Anping Insurance Group Company!

More importantly, if the information that Fang Mingyuan showed him is true, then this acquisition will be a disaster for China Anping Insurance Group Co., Ltd. and him, Ming Ge! In his proposal

, but if more than 20 billion Chinese dollars are needed to acquire the shares of Fortis Group, if Fortis Group fails to survive this financial crisis, then how much of this investment will be left in the end?

Not allowed anymore.

If before entering the headquarters building of Kuok Shipping Group, he had sufficient confidence that Fortis Group would be able to withstand the global financial crisis caused by the U.S. subprime mortgage crisis, then now Ji Mingge is no longer sure.

.

Fang Mingyuan did not let Ji Mingge take those documents away, but he did not refuse him to take some important content on the spot. Ji Mingge also understood that he wanted to obtain their important information from a top financial institution like Fortis Group.

How much effort does it take to produce internal documents? Fang Mingyuan's relationship with him, and being able to remind him that Fortis Group Company is a trap is already very authentic. Naturally, it is impossible for him to leak his intelligence sources.

It wasn't until the vehicle turned onto the highway from Hong Kong to Pengcheng that Ming Mingge gave Hao Degang a few instructions. Hao Degang immediately showed a shocked look.

On February 18, the British government announced that Northron Rock Bank, the fifth largest mortgage lending institution in the UK, would be nationalized! In September last year, North Rock Bank suffered a serious crisis due to the impact of the US subprime mortgage crisis.

During the run, in just one week, Northrock Bank had nearly 4.5 billion pounds withdrawn from depositors. This accounted for nearly one-fifth of its total deposits, and its telephone banking and online banking services were even more

It was close to collapse. Affected by this factor, the share price of Northrock Bank on the London stock market plummeted by nearly 70%! Until the British Treasury, the Bank of England and the Monetary Authority successively injected capital and provided guarantees for deposit accounts.

With the introduction of rescue measures, Northrock Bank stabilized.

However, this run on the bank still had an extremely negative impact on the normal operations of Northron Rock Bank. Although with the help of the British Treasury, the Bank of England and the Monetary Authority, North Rock Bank's losses were as high as nearly 40%.

The loss of 500 million pounds of deposits was irreversible. For a long time afterwards, the British Treasury was actively looking for new shareholders for Northrock Bank. However, after several months, it was obvious that the efforts of the British government were not enough.

No results were seen. That’s why we had to choose to nationalize Northron Rock Bank to ensure the stability of the British financial system. Even after the run, North Rock Bank still had millions of depositors and served more than eight million people.

One hundred thousand people provided loans.

This matter does not seem to be anything worth making a fuss about, because in the subprime mortgage crisis, there are many financial institutions that are larger than Northrock Bank and are in crisis. However, in the eyes of industry insiders, it is

It has a different meaning, because in order to rescue Northrock Bank, the British government can be said to have broken a series of historical practices and even broke many original regulations. For example, according to British law, if a bank fails, the deposit

Depositors with deposits of less than 2,000 pounds will receive full compensation, while depositors with deposits of more than 2,000 pounds will not receive full compensation. However, during this run, the British Treasury had to publicly announce that it would

For banks including Senrock Bank that are facing the same problem, the government will guarantee the safety of their deposits, no matter the amount! The Ministry of Finance’s commitment to fully guarantee the safety of deposits can be said to be unprecedented!

And to this day, there are still no new shareholders willing to take over Northrock Bank, so it has to be state-owned. This shows that the U.S. subprime mortgage crisis has caused extremely serious damage to the financial system of the United Kingdom and other countries in Europe. Let’s think about it again.

A few days ago, the G7 finance ministers and central bank governors meeting stated that the negative impact of the subprime mortgage crisis on the global financial system and economy was increasing, and fgic, the fourth largest bond insurer in the United States, announced its willingness to spin off its business, and

The Federal Reserve announced an emergency interest rate cut of 85 basis points to 3.4 percent and a series of news...

All of this shows that a financial crisis storm that will sweep the world is about to come.

On February 19, during a visit to Europe, Chairman and President of China Anping Insurance Group, Ji Mingge, suddenly publicly announced that Fortis Group was suspected of concealing key financial conditions and concealing its holdings of U.S. subprime securities.

The specific situation of the bonds and the potential impact on their finances are suspected of inducing China Anping Insurance Group Company to take shares. China Anping Insurance Group Company will terminate all business dealings with Fortis Group Company from immediate effect and give up the acquisition of Fortis Group Company.

Group company! This news, like a few drops of cold water dropped into boiling oil, immediately detonated the financial pages of global media!

Fortis Group Company is one of the largest financial institutions in Europe with nearly two hundred years of rich experience in insurance, banking and investment. Just last year, its subsidiary Fortis Bank also joined forces with Royal Bank of Scotland and Spanish International Bank.

Bank, jointly acquired ABN AMRO, a large international bank with a history of more than 180 years! It is precisely because Fortis Group acquired part of the assets of ABN AMRO, thereby establishing its top position in the European financial field. However,

Before Fortis Group joined hands with two other banks to acquire ABN Amro, it issued a communiqué stating that the U.S. subprime mortgage crisis had a limited impact on its financial affairs. Even if the subprime mortgage crisis continued to expand, Fortis Group would only have 2,000 employees at most.

million euros in losses.

This move of Ming Mingge undoubtedly pushed Fortis Group to the forefront. For a while, people in the industry were trying every possible means to know what happened to the U.S. subordinated bonds held by Fortis Group.

How much loss will it bring to Fortis Group? And the stock price of Fortis Group, which was already in continuous decline, has plummeted by more than 30%!

There are also many people who think that this is a false shot by Min Ming Germanium, which is just a way to suppress the stock price of Fortis Group Company and seek greater interests. Many people are also looking forward to Fortis Group Company coming out to refute the rumors. Unfortunately,

Yes, the spokesperson of Futong Group Company did not comment on Ji Mingge's remarks. In private, Ji Mingge had already shown several important data to Futong Group Co., Ltd. Futong Group Co., Ltd. originally wanted to show off its teeth.

He almost knelt down on the spot. He still had some room for this. Otherwise, if everything was exposed, Fortis Group's stock price would not plummet, but it might collapse directly! (Unfinished)

to be continued.)

...