Chapter 202 News from the Blue House
Five Star Group, inside the chairman’s office.
Chairman Li Jianxi frowned as he looked at the information brought by Director Yin. "Is this news reliable? The Blue House wants our big companies to cut off subsidiaries with poor performance and carry out asset restructuring? At the same time, they will restrict domestic financial institutions from providing large, low-interest, long-term loans to companies?!"
"Yes, the sources of information are still the same as before, so there should be no problem with accuracy. It is expected that the official announcement and news will be released next week at the latest." Director Yin nodded seriously, and was quite confident about the secret source of information in the secretariat.
"…This is going to be troublesome! There is no problem in closing down those poorly managed subsidiaries, but if the group wants to expand its scale and open branches, there will probably be some problems with financing…"
You know, nowadays, although these large enterprises have pulled themselves back from the brink of bankruptcy and are gradually getting out of the quagmire of the financial crisis, but without the support and turnover of external funds, it would be very difficult to quickly boost the company's performance and domestic and foreign product sales in a short period of time!
"President, this measure will actually have the least impact on our Five Star Group. You forgot that there is Junfeng and his Comet Capital and KB Bank. I think as long as you ask, Junfeng will definitely agree to help."
"Moreover, Junfeng has a very good relationship with financial institutions in the United States. If we cannot complete financing in our country, we can also connect with the financial institutions over there through Junfeng, and perfectly avoid those domestic regulations." Seeing Li Jianxi's worried look, Director Yin smiled and comforted him.
Hearing what Director Yin said, Li Jianxi was stunned for a few seconds, and suddenly he burst into laughter, "Haha, I almost forgot about my good son-in-law. He is now in charge of the most powerful financial institution in the country!"
"Fuzhen is really my lucky star. She has a very good vision~!" Li Jianxi always feels proud and praises her precious daughter when talking about Zhang Junfeng, her beloved son-in-law who has a humble background but has amazing investment ability.
In less than a year, son-in-law Zhang Junfeng used forceful mergers to take off pieces of fat from other large companies, and the Galaxy Group he established is now as powerful and influential as that of established large companies such as the Five Star Group.
Moreover, Zhang Junfeng's trump card, Comet Capital, seems to have installed a money printing machine, with funds flowing out continuously, and there is no sign of exhaustion. From last year to now, this special financial institution has cumulatively taken out a huge amount of cash of nearly 2 billion US dollars. Such an exaggerated cash reserve should be comparable to those foreign big-name financial institutions with slightly weaker strength, right?
Just as Director Yin said, with the support of Zhang Junfeng, a capable son-in-law, their Five Star Group is definitely even more powerful! Compared with the Zheng family of the Hyundai Group, which has many descendants and outstanding abilities, some people have previously commented that "the six sons of the Zheng family are all capable of standing on their own", but now, isn't it because of the outrageous arrangement of Chairman Chung Ju-yung that the top management of the group is caught in an internal dispute for the position of acting chairman of the group?
Although Li Jianxi only has one son and two daughters, he can't resist the sons-in-law his daughters found! Now his daughters and sons-in-law have their own businesses, and they may not even be interested in the little wealth of the Five Star Group.
Li Jae-yong, the only son, has a good relationship with the two of them. Now they are cooperating in investing in Longguo to open branches and factories. They stand together in terms of interests, which makes him, as an elder, worry-free.
…
"...Speaking of which, Shuxian is also going back to China these days. I haven't seen her for almost half a year, and I don't know how she is doing abroad?" Li Jianxi couldn't help but think of his other little daughter, Li Shuxian, who also went to the United States to study, majoring in design, and is about to graduate and return to China! "...Since Miss Shuxian is coming back, why don't you take this opportunity to invite Fuzhenhui and Junfeng to come and join the family gathering, and you can also discuss the next development and cooperation plans with them."
Director Yin smiled and made his proposal. If it weren't for his busy work and he couldn't find any suitable opportunity, he would also like to get in touch with Zhang Junfeng, his generous "friend", and maybe he could get extra benefits from it! After hearing Director Yin's proposal, Li Jianxi was naturally moved. He was originally considering what reason he should use to call his daughter and son-in-law to discuss the development of the group. Now it seems that Li Shuxian's return is a good excuse, isn't it? In addition to discussing business matters, the family can also help their little daughter arrange work and future development. It's really killing two birds with one stone!
"Your suggestion is good. Let's do as you say. Let someone contact Fuzhen and hold a party at home this Sunday. Let her and Junfeng attend."
"Yes, President!"
…
Comet Capital’s office in Korea is located in a high-end office building not far from Galaxy Group.
"Boss, there's news from Hong Kong just now that foreign hedge funds have been shorting the Hang Seng Index and have established a large number of short positions in the Hang Seng Index. There's even a lot of gossip that's coming out, saying 'The Hong Kong dollar is about to decouple from the US dollar and depreciate by 40%', 'The Hang Seng Index will fall to 4,000 points'..."
Listening to Wu Xiuying's description of the situation in Hong Kong, Zhang Junfeng nodded thoughtfully, "The reason why the hedge funds controlled by these international speculators established short positions in the Hang Seng Index is because they expect that the Hang Seng Index will inevitably fall sharply after the Hong Kong stock market is hit."
"Their purpose is nothing more than to disturb people's hearts, create a state of chaos, and then take advantage of the opportunity to fish in troubled waters! But this is also a good investment opportunity for us. Let them take the lead in the 'charge', and we will invest 300 to 400 million US dollars in the back to show our 'kindness' and help them 'wave the flags and cheer'!" Zhang Junfeng quickly made an analysis and made his own arrangements.
As for the leader and the first to take the lead, it would be more appropriate for the "well-known" veterans like Soros and Quantum Fund to take the role. As long as he takes action, those smart guys will definitely not be able to hold back!
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
Hearing Zhang Junfeng say this, Wu Xiuying also chuckled. When it comes to investment, Zhang Junfeng is still as cunning as ever. He wants the benefits and avoids the risks. No wonder he can thrive in the overseas investment market! (End of this chapter)