"Alright, that's all for today.When we get back, let's have a meeting with Chairman Li to study it, and the liquid crystal display technology must be obtained. ”What Xiao Bai said before leaving, Yang Xuecheng didn't hear it too clearly.Some technologies can not only be developed in-house, but also acquired through mergers and acquisitions.In short, Xiao Bai made a lot of determination.Hurry for a few days.There is news from the Xiangjiang side that the Hang Seng Index has been falling all the way after hitting a new high.At the end of the month, it was actually the lowest hit 1408803 o'clock.Huifeng Holdings, the lowest also fell to 7099 Hong Kong dollars, and Hong Kong stocks began a sharp pullback journey."
Dong Xiao, let's get it right again this time!"
On the phone, Jiang Youwei was very excited.In fact, things like stock index futures, his acceptance is not as good as Cui Mingda, and he has been worried these days.But the decision is made by the boss himself, and he is not easy to oppose openly.Luckily, the boss bet on the right direction this time."
Well, you let Lao Cui keep an eye on it, I estimate that the Hang Seng Index will fluctuate sharply in the future.We are always ready to close the position, and we don't have to hold on to it. ”Xiao Bai gave Jiang Youwei a few words, and then hung up."
The wind is blowing!"
Standing in front of the window, Xiao Bai looked out the window and couldn't help but muttered to himself.After all, Xiangjiang, the paradise of the new liberal economy, cannot be left alone.It's just the beginning, and people are still immersed in the glory of the past.Just as property prices in Hong Kong rose by 50 percent in 1996-1997, so did Hong Kong's stock market hit record highs.But then the situation will change radically.With the emergence of Xiangjiang's own economic problems and the transmission effect of the Southeast Asian financial crisis, international predators are destined to come to reap the harvest.In fact, if Xiangjiang is not backed by the mainland of the motherland, it is likely to be in the face of the double kill of stocks and foreign exchange of international funds.Even so, the stock market will fall from now on to the imagination of the vast majority of people.The real estate of Xiangjiang will go through a painful and long downward process!
This process can take up to six years, and from the highest point, it will fall by a full 70%!
Xiao Bai turned around and sat down in front of the chair."
Xiaowen, inform the heads of all enterprises that a meeting will be held in the conference room at half past nine tomorrow morning."
Called Wenqin in, and Xiao Bai asked her to send a notice of the meeting.Leave of absence is not allowed for this meeting, unless the person is out of town and cannot return.This meeting was to discuss the impact of the financial turmoil in Southeast Asia and its own response plan.Don't think that the financial turmoil that is about to be transmitted to Xiangjiang will have no impact on the times, for example, if the Hang Seng Index continues to fall sharply, the market value of companies listed in Xiangjiang such as AUO Microelectronics and Kelong Electric will also plummet.This will lead to problems in refinancing, loans, etc., which will affect the development of enterprises.In fact, the impact is much more than that.On the day of the meeting, Xu Changqing, Wang Chuanfu, Jiang Youwei, Yu Wensen, Li Longbin, Yang Xuecheng, Jiang Xiaozhou and others all came.At the meeting, everyone spoke freely and made a lot of moves."
Mr.
Wang, what do you think?"
Xiao Bai listened carefully to everyone's speeches, and at the same time noticed that Wang Chuanfu had not spoken since the beginning of the meeting, so he named him."
Xiao Dong, everyone, my thoughts may be a little different from everyone's.What everyone just said is good, but it's basically from a defensive point of view.But we should also look at it from another angle, the so-called crisis crisis, is the crisis of the opportunity.For example, our nickel-cadmium battery products, due to the characteristics of high cost performance, have the possibility of further expanding the market when the crisis comes. ”Wang Chuanfu talked unhurriedly, he thought that passive defense was still more conservative, and he should take this opportunity to find new business opportunities.The nickel-cadmium battery produced by BOD Battery Company was originally in a state of equilibrium with Japanese products.However, the international giants have a keen sense of smell, and the original business strategy has also undergone certain changes.For example, companies such as Motorola are usually not very sensitive to price, and are more concerned about the security of the supply chain.But when they foresaw the possible consequences of the financial crisis, they gradually shifted orders to lower-priced BOD battery technology companies.To put it bluntly, it is to reduce costs to cope with the impact of the economic and financial storm.Xiao Bai nodded, feeling that what Wang Chuanfu said was good."
Everyone, what everyone said is very good, I Xiao Bai took a look around, and when I saw that no one spoke anymore, I made a concluding speech."
It is necessary to do a good job of defense work, and only by tightening the fence can we guard against external threats.In addition, what Mr.
Wang said is also very reasonable.Mr.
Xu, Mr.
Qi, you AUO Microelectronics and Times Communications can consider countercyclical investment.After all, the crisis will pass, and the dawn of economic recovery will not be far away.Now is the time to start proactively increasing production capacity and actively promoting technological advancement.Our principle is eight words, active defense makes a difference!
”Xiao Bai asked each company to make a detailed plan after the meeting, and then announced the end of the meeting."
Dong Xiao, our situation this year is not optimistic.However, the impact on domestic sales should not be large, and we urgently need new profit growth points. ”After the meeting, Qi Yuefeng did not leave immediately, but followed Xiao Bai to the office.Xiao Bai knew what he wanted to ask, so he said, "Mr.
Qi, you want to ask about the mobile phone production license, right?"
I went to Beijing a few days ago and met with two leaders of the competent department.Although it is still uncertain, there is still a lot of hope that the company will obtain a license by the end of the year. ”Xiao Bai then gave Qi Yuefeng a detailed account of the meeting that day, and asked the other party to find a way to continue to contact the two directors, and strive to get one smoothly when the next batch of licenses is issued."
Okay, Xiao Dong!
I'll take the time to go to the capital myself. ”When Qi Yuefeng heard this, he immediately had motivation, and he felt that it was better to run by himself."
Whatever you want, you can do it."
Xiao Bai has already built a bridge for Times Communication, and the rest of the things should be done by themselves.In the following days, various companies have taken measures, shrinking where they should contract, and countercyclical investors have begun to actively plan.AUO plans to increase investment in the packaging field and invest in the construction of new production lines in Chengdu and other places.BOD Battery Technology has set its sights on Jinling and is preparing to invest in a new factory in Jinling.Times Communications actively expands the domestic market and strives to minimize the loss of exports.At the same time, vigorously develop a new generation of 2G mobile phones, in order to obtain a production license, general manager Qi Yuefeng personally stayed in the capital to do work.Other home appliance manufacturers and Julong Electric have been affected relatively little, and the last financing time of Kangjia Electronics and Kelong Electric is not long, and there is no need for financing for the time being.As for Times Network Technology Company, it is still a "money-losing goods" so far, Xiao Bai made a phone call and explained a few words to Wei Feng, but he didn't pay special attention.In this process, international travel capital hit the Hong Kong financial market for the first time, and the Hang Seng Index fell sharply for two consecutive days9, with a cumulative decline of nearly 1,200 points."
Xiao Dong, the trend of the yen has also been weak recently, and the current price of the US dollar and the yen has returned to above 1,250,000 again, and it seems that it is likely to accelerate."
During this period, the domestic economy of RB was not very good, and the depreciation pressure of the yen remained for a long time.After receiving a call from Cui Mingda, Xiao Bai came to Xiangjiang and took Jiang Youwei to talk to Sumitomo Mitsui Bank about the extension of the yen loan.However, the other party did not agree immediately, but said that a meeting was needed to study it."
Mr.
Jiang, let's be prepared with both hands.In the unlikely event that the bank does not agree to the extension, we will repay the 60 billion yen loan by the end of the year. ”Xiao Bai hopes to expand the results of the war, and he estimates that the depreciation of the yen will not end until next year.But if the bank doesn't agree, it doesn't matter, at most it's a little less."
I think they'll agree, after all, RB's domestic economy isn't good."
Jiang Youwei seems more confident, financial institutions also need to have profits, let Yingsheng Investment such a high-quality customer not make good use of it, wouldn't it be worthy of the shrewdness of RB people?
It turned out to be a big surprise to him.Sumitomo Mitsui Bank rejected the loan extension request, requiring Yingsheng Investment to repay the 60 billion yen loan by the end of the year."
Mr.
Jiang, how to say this matter, it is unexpected and reasonable.Go back and let Lao Cui stare at the point, and choose the opportunity to buy back the 60 billion yen. ”When Xiao Bai got the news, he was also a little surprised.Banks should not do this, but it is the right of others to agree to roll over or not.Anyway, he made a profit, not to mention that he also has a forward foreign exchange transaction in his hand, which is also bearish on the yen.In the end, Cui Mingda used 4624844 million US dollars at the 1297341 price to buy back 60 billion yen and return it to Sumitomo Mitsui Bank.In addition, interest plus fees paid $12.8 million to the bank.Previously, Yingsheng Investment's account (US dollar account) had a total of US$14.2 billion in cash assets, and US$500 million in margin was paid for foreign exchange delivery transactions, leaving US$9.2 billion.Now that the loan of $4752844 million has been repaid (including interest charges), there is still $4447156 remaining.This yen loan, because of the exchange difference, Xiao Bai almost made a profit of nearly 100 million US dollars.Overall, I'm quite satisfied.In fact, he also had this problem with the forward foreign exchange contract in his hand, but the yen loan was due to the bank's refusal to roll over, which caused the profit to shrink.According to Xiao Bai's estimate, the depreciation of the yen will be at least more than 1,400,000 (US dollar | yen).Foreign exchange forward contracts, on the other hand, have a term of 180 days and must be closed after expiration.Of course, foreign exchange forward contracts are also available for up to one year.However, the trading volume of the contract for such a long period of time is very small, and it is not suitable for operation.