Resource Tycoon Reborn
Seven hundred and ninetieth eight chapters change
Fengyuan in late March can already be said to have entered early spring, but the global economy is still in the midst of a freezing winter.
Since the second half of 2008, the international financial crisis triggered by the U.S. subprime mortgage crisis has been generally considered by economists around the world to be the most serious global crisis since the Great Depression of the last century.
Financial crisis! The world's major economies have experienced a synchronized recession that has not been seen in many years, which has caused a sharp decline in global economic growth.
Although governments around the world are doing their best to save their financial markets and real economies, for example, the U.S. government has launched an economic stimulus plan totaling nearly 800 billion U.S. dollars, of which 35% is used for tax cuts.
Sixty-five percent of the total will be used for government investment! The Federal Reserve later launched a "quantitative easing" monetary policy and will purchase up to trillions of dollars in U.S. long-term Treasury bonds, U.S. dollar mortgage-related securities and U.S. dollar mortgage corporate bonds in the next six months.
! Western European countries, as well as Canada, Australia, Japan, South Korea and other countries have also launched a series of economic stimulus plans to cope with their own economic recession crisis.
However, the negative impact of the financial crisis is still expanding. The national debt crisis in many Eastern European countries has not only caused a significant economic recession in many Eastern European countries, but has also seriously impacted the banking industry of developed countries in Western Europe, causing the market to
Concerns that the national debt crisis may spread further caused European stock markets and the euro exchange rate to plummet.
On March 18, the second financial summit of the G20 leaders was held in the United Kingdom. The participating leaders reached a number of consensuses on the issues of joint response to the financial crisis by all countries around the world. They agreed that we should continue to strengthen the supervision of all financial institutions with systemic impacts.
Financial institutions, financial products and financial markets have been regulated and supervised, and hedge funds have been placed under financial supervision for the first time. However, most research institutions around the world believe that the risk of a global economic downturn will still dominate in 2009, and developed economies
It is also facing the risk of continued recession.
The domestic economy was affected by the global environment. In the first quarter, the economic growth was only 5.7%, and the growth rates of exports and imports both showed a significant decline.
Qinxi Iron and Steel Group Company has completed the shareholder reorganization. Liao Iron and Steel Group Company and Qinchuan Samsung Automobile Group Company have become new shareholders of Qinxi Iron and Steel Group Company. So far, the Fang family's shares have increased to 100%.
Seventy-nine, the remaining shares were owned by Qinchuan Samsung Automobile Group Company, and state-owned capital completely withdrew from Qinxi Iron and Steel Group Company. In this equity transaction, Qinxi Province made a profit of more than 5 billion yuan.
Railway Communications Information Co., Ltd. has also completed privatization and officially became a private enterprise. It was officially listed on March 15th and was renamed Xinxi Network Communications Group Co., Ltd. Although strictly speaking, only 60% of its shares
There is still a part of state-owned capital, but the proportion of private capital has exceeded 90%. On the day that Xinxi Network Communications Group Co., Ltd. officially completed the privatization, the Ministry of Industry and Information Technology officially reported to Xinxi Network
Communications Group Co., Ltd. issued an a3g license, which also formally formed a pattern of four companies in the domestic telecommunications market.
Although among these four companies, Xinxi Network Communications Group Co., Ltd. is undoubtedly the weakest and has the smallest influence, it is the one that is most anticipated by the majority of the people. People expect it to be like Pingchuan Petroleum.
The group company has also developed and grown, and can launch attacks on the other three telecommunications companies, thereby breaking the current monopoly of the domestic telecommunications market, allowing consumers to obtain better services and reduce telecommunications expenses.
On the second and third day after its establishment, Xinxi Network Communications Group Co., Ltd. reached agreements to share mobile communication base stations with China United Network Communications Group Co., Ltd. and China Telecom Group Co., Ltd. respectively. This sudden news caused many in the industry to
People who had no prior knowledge were shocked. In their opinion, because Xinxi Network Communications Group Co., Ltd. inherited the assets of Railway Communications Information Co., Ltd., and because Railway Communications Information Co., Ltd. is an enterprise affiliated to the Ministry of Railways, its business
The scope is severely limited. Most people in the industry believe that although Xinxi Network Communications Group Co., Ltd. has broken the monopoly of state-owned capital in the telecommunications market, for a long time, Xinxi Network Communications Group Co., Ltd. has still been
It does not have the strength to disrupt the situation because it does not have enough mobile communication base stations!
There are not enough mobile communication base stations, which means that using the mobile phone number of Xinxi Network Communications Group Co., Ltd. has many problems such as small communication range, poor signal quality, easy disconnection, etc. The reason why mobile companies have been able to maintain
It maintains its unique position not only because it is the first company to launch mobile communication services and has accumulated a huge customer base, but more importantly, its mobile phone signal is the most stable and high-quality among these domestic telecom companies.
The best, the one with the largest communication range! After all, no one likes that when they leave the city, their mobile phone becomes half a decoration, and in the mountainous area, it becomes a "brick" that can only check the time.
Let’s not talk about how much money Xinxi Network Communications Group Co., Ltd. needs to invest to lay out mobile communication base stations. China Unicom and China Telecom currently own these mobile communication base stations. From negotiation to establishment to final put into use, it took a long time.
How long? Therefore, people generally believe that it will take at least three to five years for Xinxi Network Communications Group Co., Ltd. to become a truly influential player in the domestic mobile communications market.
However, Xinxi Network Communications Group Co., Ltd. has reached agreements with China United Network Communications Group Co., Ltd. and China Telecom Group Co., Ltd. to share mobile communication base stations. This means that the number of mobile communication base stations of Xinxi Network Communications Group Co., Ltd.
It is still not as good as China Mobile, but it is very likely to have surpassed China Unicom and China Telecom. This is mainly because the agreement reached by the three companies has not disclosed the details. People do not know that China Unicom and China Telecom are not known.
Should this company share all its mobile communication base stations with Xinxi Network Communications Group Co., Ltd., or should it open up some mobile communication base stations?
However, even if the two companies only open some mobile communication base stations to share with Xinxi Network Communications Group Co., Ltd., this also means that Xinxi Network Communications Group Co., Ltd. is currently the biggest shortcoming and the most expensive and time-consuming one.
A shortcoming has been made up. Although this shortcoming may still be broken in the future, at least for now, Xinxi Network Communications Group Co., Ltd. has made up for it!
Although Xinxi Network Communications Group Co., Ltd. still has many shortcomings compared with the other three companies in terms of channels, sales, etc., after making up for this biggest shortcoming, Xinxi Network Communications Group Co., Ltd. has grown on a large scale.
With the allocation of numbers, there is a hardware guarantee! This also makes those who originally had expectations for Xinxi Network Communications Group Co., Ltd. have stronger confidence in the future development of Xinxi Network Communications Group Co., Ltd.
During this period, unknown to the Chinese people, Hong Kong Zhuanghai Investment Company had also completed its capital injection into the American company Etell, acquiring 19% of the shares of Etell and becoming the company's third largest shareholder. Gary.
Barrett's shares dropped to 33%, and he is still the company's largest shareholder. After obtaining the share agency authorization from Hong Kong Zhuanghai Investment Company, Barrett realized his wish to hold the company. And later
, etell company successfully obtained loans from Wells Fargo, Second Gulf Bank and HSBC, with the total loan amount reaching US$2 billion. With these US$2 billion, Fang Mingyuan bought almost half of the apartment in one57, making
Etell Company suddenly became rich and took advantage of the downturn in housing and land prices in New York to acquire a lot of land and old houses suitable for renovation. When the U.S. economy recovers and the U.S. real estate industry resumes its upward trend, these lands and
The old houses enabled etell to earn more than 100% of its profits.
Citigroup officially split into two parts, "Citibank" and "Citi Holdings" in early March. Citibank will retain the group's traditional banking business in more than 100 countries, while Citigroup will incorporate some "non-core" businesses.
Asset management, consumer finance business, which includes 49% of the shares of "Morgan Stanley Smith Barney", a new company jointly established by Morgan Stanley and Citigroup, p-me-a financial company
and many global subsidiaries.
In early March, the U.S. Treasury Department agreed to convert up to $25 billion of preferred shares held by Citibank into ordinary shares at a conversion price of $3.25 per share in accordance with the exchange conditions offered to private investors by Citibank.
If all these shares are converted into ordinary shares, the U.S. government’s shareholding in Citibank will increase to more than 35%, making it the largest single shareholder of Citibank. And just the day before, Royal Bank of Scotland
Announced a huge loss of 24.1 billion pounds in fiscal year 2008, making it the most serious loss-making enterprise in British history. In 2007, it still had a loss of more than 9.8 billion pounds.
Profits, this news shocked the global banking industry, and the British government had to come forward again to guarantee the 325 billion pounds of assets of the Royal Bank of Scotland. After multiple capital injections, the second largest bank in the UK has
Nearly 70% of assets have been nationalized!
Although Citibank and the U.S. government have made a series of efforts, due to the impact of the global environment, Citibank's stock price still fell to one dollar per share on March 10, and even fell to one dollar per share during the session.
After breaking 1, it fell to a few US dollars per share. Fortunately, it quickly rose back to over two US dollars per share on the 21st.
In Fang Mingyuan's study in the ancient city of Pingchuan, Fang Mingyuan looked at the email sent by Prince Al Saud on the computer, with a proud smile on his lips. Although the shares held by Fang Mingyuan now guarantee him a seat on the board of directors
, but at this sensitive time, Fang Mingyuan did not want to attract the disdain of the Americans, and with Prince Al Saud as an insider, Fang Mingyuan did not seek the position of director.
And just now, the email sent by Prince Al Saud proved that in the upcoming quarter, Citibank will usher in long-lost profits. It is already certain that Citibank's profits in the first quarter will exceed
28 billion U.S. dollars. In the two months of January and February alone, Citibank’s profit had reached 19 billion U.S. dollars. Previously, Citibank had achieved 22 billion U.S. dollars since the third quarter of the previous year.
After making a profit of US$100 million, it has suffered losses for five consecutive quarters, with the total loss exceeding US$40 billion!
Although a large share of Citibank's huge growth in performance is due to asset transfers, it is undeniable that after splitting off those non-traditional businesses, Citibank's solid foundation has given it strong self-healing capabilities.
Imagine how Citibank's stock price will react when this news is released. It has fluctuated at a price of two dollars per share or even lower for such a long time. Those middle and lower shareholders who are not determined to hold shares have been
The "cleaning up" is almost over. The predators have absorbed enough shares, and it's time for them to give back their shares to make profits. In this way, it can also drive other stocks in the stock market to strengthen, giving investors and the U.S. government
Stronger confidence in economic recovery.
Of course, Fang Mingyuan is also happy to see the results. The higher Citibank's stock price rises, which means the more profit he will make from it. He has a huge amount of stocks, all of which were acquired for less than two dollars per share, and among these shares
He wants to transfer more than half of it. The Americans will not let him, a Chinese, have too much say in the board of directors of Citibank, a bank that has a special status and significance in the American financial industry. Even if he is in the United States
Nowadays, he has a large number of industries. Even if he has very good personal relationships with many wealthy people in the United States, this will not change as long as he has not sworn to become an American citizen or a close ally of the United States.
Since it can't be held, it can only be sold. It's not that Fang Mingyuan has never thought about secretly holding these shares through various means. After all, Citibank's profitability will still be quite strong in the future, but once it comes to hand, it is indeed
It is necessary to mobilize a batch of funds to prepare for chaos. Secondly, it is still very cumbersome to do so. Moreover, the US government has now become the largest shareholder of Citibank, and the review of holders of Citibank shares must be extremely strict, and he has not
It is necessary to challenge the capabilities of relevant departments of the US government! (To be continued.)
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