Resource Tycoon Reborn

Fang Mingyuan laughed and said: "I'm not that arrogant. A film and television theme park that has only been open to the public for more than a year has to compete with a Disney park that has decades of history and countless fans around the world. That's it.

There’s water in my head.”

"But I believe that if it doesn't work in one year, it's not certain who will be the king in ten years." Ma Yongfu said sternly. Fang Mingyuan smiled, lowered his head and said nothing. Ma Yongfu did not disturb him and kept quiet.

He sat there, waiting.

It would be a lie to say that Ma Yongfu is not uneasy at all. After all, it is an investment that may cost billions of dollars. When converted into domestic currency, it is tens of billions of yuan. In first-tier cities like Beijing and Shanghai,

It is also a big project. He has also heard that the Fang family has made a lot of big moves recently. Just a few big projects require massive capital investment. Even Fang Mingyuan nodded and agreed to build the first Kumho Film and Television Theme Park in China.

After landing in Fengyuan, it is still a question whether there will be enough funds to start construction. Anyway, as far as he knows, the financial situation of Fengyuan City is not optimistic. It is impossible to invest money. At most, it will be more land. The supporting facilities in the future.

Including transportation and so on, maybe the Fang family will need to invest. Thinking of this, Ma Yongfu couldn't help but complain about Ouyang Fuguo. Under his leadership, Fengyuan City has been running fiscal deficits every year over the years. If it weren't for the money from land sales,

, Fengyuan City has long been heavily in debt.

And more importantly, although Fengyuan is also developing at a high speed, compared with Tongyi, it seems much inferior. Ma Yongfu knew very well that Fang Mingyuan and Su Aijun wanted to promote Tongyi and Fengyuan to form Qin Dynasty in the future.

The economic center of Western Province and even the northwest provinces, which is why he was promoted to the mayor of Fengyuan City. After all, Ouyang Fuguo is not one of their own. Both Fang Mingyuan and Su Aijun are worried that if Fengyuan's second-in-command is not their own

, then how can we achieve further integration of the economies of Tongyi and Fengyuan in the future!

Therefore, Ma Yongfu did not come to Fengyuan for retirement. This is why he thinks that he has done a good job and has the hope of becoming a provincial and ministerial-level cadre in the future. After all, this kind of thing cannot be effective in three to five years. Su Aijun has already

He is the top leader in the province. According to the law, he can stay here for ten years at most before he must be transferred. However, Ma Yongfu does not think that Su Aijun needs to wait that long. Which of his predecessors is doing this?

After ten years? People must have some ambition!

Fang Mingyuan is also thinking about opening the Kumho Film and Television Theme Park to China. This has been a plan for a long time, but it is not now. After all, the Kumho Film and Television Theme Park in the United States has only been opened for more than a year, and the park is still under construction.

It has not been completed. According to the original plan, after all, Kumho Film and Television Theme Park in the United States is on the right track before considering external expansion. In that case, firstly, the profit prospects will be clearer, and secondly, there will be a group of available talents.

However, when Ma Yongfu suddenly mentioned this matter today, Fang Mingyuan was also a little touched. For Ma Yongfu to go to Fengyuan, this is indeed a good project, and as Ma Yongfu said, Fengyuan's tourism resources are indeed

There is a lack of an "opportunity" for tourists to revisit their old places, and the driving force of the film and television theme park for Fengyuan and even Tongyi's service industry is really exciting. When the economic crisis hits, Fengyuan and Tongyi's economic affirmation

It will also be affected. He has invested so much outside, and his base camp cannot watch helplessly. Moreover, Fang Mingyuan also knows that many places in the country are in contact with Disney and Universal Studios, hoping to bring them together.

Although there has been no result in introducing them into the country, it is only a matter of time. Rather than waiting for them to enter the country and then compete in the arena, it is better to seize the opportunity first.

"Uncle Ma, I can't give you a definite answer to this matter now. Let's wait until the professionals from Hong Kong Kumho Film Group inspect Fengyuan and then we will discuss this issue. Don't worry, I will ask

They will produce the results as soon as possible, and at the latest they will have a clear intention before you take office." Fang Mingyuan smiled and said, "What do you think?"

"That's great!" Ma Yongfu said with joy. He didn't expect Fang Mingyuan to agree to a project that might cost billions of dollars immediately. Moreover, Fang Mingyuan said so and had already expressed enough.

Sincerity, what else can he say?

It's also cold in New York in January, the sky is overcast, and it seems like snowflakes are going to fly at any time.

"I know that the Spring Festival in your country is coming soon, and it is not appropriate to ask you to come to the United States, but I have no choice! Do you see it there?" Prince Khalid bin Talal Al Saud pointed into the distance.

Skyline said, "That's the Citigroup Center, one of the most distinctive skyscrapers in New York."

Fang Mingyuan squinted for a long time and had to admit that the Citigroup Center stood out as high as a flock of chickens and the unique 45-degree roof was indeed very eye-catching, making people notice its existence at a glance. It was once the largest asset in the world.

It is the headquarters of Citigroup, the largest financial services group with the most profits, the highest global chain, and the most complete business categories. Although it was built in the late 1970s, it has been almost thirty years, but it looks

, still makes people have to praise its beauty!

However, Citigroup was already in dire straits at this time, and it no longer had the glory it had two years ago when its market value was as high as nearly 300 billion U.S. dollars! At that time, it provided comprehensive services to more than 200 million customers in more than 100 countries.

, every customer can get comprehensive financial services such as savings, trusts, funds, securities, insurance, credit, financial consulting, asset management, etc. at any Citigroup business location. The average number of products per customer is the highest among global peer companies.

Ranked first in!

However, since the emergence of the subprime mortgage crisis, the good days of Citibank, which was deeply affected by it, are over. It has suffered historical losses for four consecutive quarters. Citibank has incurred loan losses of approximately more than 60 billion U.S. dollars and has no liquidity on hand.

With less than 10 billion US dollars left, it was the "boss" in the U.S. banking industry two years ago, but now it has been reduced to fifth place! At the beginning of 2008, the CEO of Citibank issued instructions to lower-level managers

, requiring the employee salary budget to be reduced by at least 25%, and in fact, Citibank did it. At the same time, Citibank also laid off more than 70,000 people, making it the company with the most layoffs on Wall Street, accounting for

It has more than a quarter of its global employees!

Citibank's stock price has plummeted, falling from nearly US$56 per share in 2006 to only US$3.40, a drop of more than 95%! Especially in the last ten years

In mid-January, Citibank's stock price plummeted, and it plummeted for almost a week.

It can be said that its employees, customers, creditors, investors and rating agencies have completely lost confidence in the future of Citibank. And because Lehman Brothers was in crisis and was forced to file for bankruptcy protection because the Federal Reserve refused to rescue it, it caused the entire

The U.S. financial market and the global financial market environment have deteriorated sharply, creating a "domino" effect that has panicked the world! The global economy has developed to this day, and the bankruptcy of Lehman Brothers "is indispensable". Therefore, when the original assets exceed 20,000

When Citibank faced bankruptcy, the U.S. government had to consider

We realize that if the U.S. government stands idly by and allows it to collapse, the blow to the U.S. and the world's finance and thus the economy may be much more severe than the blow to Lehman Brothers after it was forced to file for bankruptcy protection. Therefore, regardless of whether the U.S. government

How we can no longer let it go is truly in line with the "too big to fail" situation. Therefore, the U.S. government had to bail out Citibank three times in a short period of time since October last year, injecting huge sums of money.

The U.S. Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation injected $45 billion in capital into Citigroup, and the U.S. Treasury Department and the U.S. Federal Deposit Insurance Corporation also agreed to provide Citigroup with over-the-counter mortgage loans and commercial real estate loans.

The U.S. government provided guarantees for US$300 billion in debt to ensure the stability of Citibank. As a result, the U.S. government acquired almost 8% of Citigroup's equity, becoming the single largest shareholder. However, these measures failed to prevent Citibank's

The stock price continues to decline.

"Citibank's quarterly report for the fourth quarter of last year will be released tomorrow. The quarterly report will show to the public that the bank suffered a huge loss of nearly US$8.3 billion in the fourth quarter of last year, the fifth consecutive quarter of losses! This also made Citigroup's losses throughout 2008

The losses in 2018 hit a record high, with total loan losses exceeding US$70 billion!" Prince Al Saud said with a gloomy expression. That year, Citibank's stock plummeted, and he invested hundreds of millions of dollars to counter the market trend and acquire Citibank's stock.

He became the largest individual shareholder of Citibank! Afterwards, Citibank emerged from the predicament and its stock price soared. For this reason, he was hailed as the "Warren Buffett" of the Middle East. His shares in Citibank, in 2006,

When Citibank's share price reached its peak, it was worth more than 10 billion U.S. dollars. It could be said to be an extremely successful investment. However, Prince Al Saud did not expect that Citibank would not last long at its peak in 2006.

, and then fell into a dark and bright decline. And now, he can't even exchange the equity in his hands, and Phoenix has become a grass chicken! What's more, if you take into account the depreciation of the US dollar, he

The extent of the loss was even more astonishing. Such a large loss was extremely painful even for him with his current huge net worth and even though he had experienced the ups and downs of the stock market for many years.

"That means Citibank's stock price may continue to fall tomorrow." Fang Mingyuan said calmly. He was very calm in his heart because he knew that this was not the time when Citibank's stock price started to reverse, because he clearly remembered,

In his previous life, Citibank's stock price fell below one dollar per share at its worst point, in March 2009. Although he did not expect to be able to time it just right and make a stunning bargain, but

Now, Citibank's stock price is still above three dollars per share, so he naturally won't be anxious about anything.

"Well, it's not possible, it's certain!" Prince Al Saud said. He lost more than eight billion U.S. dollars in one quarter. It was the fifth consecutive quarter of losses. The entire year of 2008 was full of losses. The losses set a historical record. Employees

This series of news about lowering salaries and laying off more than 70,000 people has dealt an unprecedented blow to investors in Citibank. This is even more true for small and medium-sized shareholders. Although

Fan Mingyuan said that Citibank would not collapse like Lehman Brothers. The U.S. government's reaction to Citibank's likely filing for bankruptcy protection also confirmed that Fan Mingyuan's judgment was reasonable.

But Prince Al Saud is also worried about this. After all, buying a stake in Citibank was the most successful and important choice in his life. It made him famous in the Middle East and even the global financial community and became the focus of everyone's attention.

! And Citibank’s largest individual shareholder, this halo has also cleared up a lot of troubles for his development this year! If Citibank cannot survive this time, it will eventually be liquidated. For him personally

The blow to reputation is also extremely serious.

Fang Mingyuan smiled and said, "Wouldn't that mean there are more opportunities for bargain hunting?"

"Fang, the market value of the Citibank shares I control has dropped to less than one billion U.S. dollars. Less than two years ago, it was worth more than 12 billion U.S. dollars. Just six months ago, it was worth more than 12 billion U.S. dollars.

Worth more than seven billion U.S. dollars." Prince Al Saud shook his head and smiled bitterly. He felt that he could still sit here peacefully and his psychological quality was really good.

"Maybe in two or three years, the shares you hold will be worth another seven to eight billion US dollars." Fang Mingyuan interrupted him, "I think it is still not the best time to intervene now. Wait until Citibank's stock price drops.

When the price per share reaches around two dollars, the time will come for us to enter in a big way.”

"Two dollars per share?" Prince Al Saud glanced at Fang Mingyuan in surprise. In his opinion, although Citibank's performance in the fourth quarter of 2008 was very bad, the stock price of Citibank was

It will fall to two dollars per share. He still doesn't believe it. After all, with the capital injection and guarantee from the US government, Citibank has gradually stabilized, and it is also actively selling the company's assets in various countries.

In exchange for more liquidity. (To be continued)

The novels in it are updated quickly, have few advertisements, complete chapters, and are anti-theft]

...