Chapter 228 Zhang Junfeng's Reminder
After talking about his expectations for the future, Li Jianxi quickly returned to the topic of reality. Nowadays, solving the group's long-accumulated financial problems and forming a good cycle are the current priorities.
The method Li Jianxi adopted was to open a credit card company as Zhang Junfeng had mentioned before, compile the information submitted by customers together, form a large loan, and then apply for a loan from the bank.
However, the more difficult problem at present is that their Five Star Group does not have the experience and professional staff in this area. It is also a big challenge for them to build the company and open up relevant channels in a short period of time.
"...Father, maybe we can get in touch with LG Group and BC Credit Card Company. They established their credit card companies the earliest, and their management systems and operating mechanisms are the most complete. We can refer to their routines to establish our own credit card company."
"...As for the channels, I think with the current reputation and strength of our Five Star Group, these domestic banks should be happy to cooperate with us!" After Li Zairong pondered for a moment, he quickly gave his opinion.
Hearing what Li Zairong said, Director Yin nodded in agreement. If they wanted to build a credit card company belonging to the Five Star Group in a short period of time, this was undoubtedly the safest way at the moment.
If they want to build something from scratch by relying on their own ability, they will be working behind closed doors. There will be mistakes of one kind or another, which will be very troublesome. It is better to let those experienced professionals give them some advice, which will be more efficient! Seeing that the two of them had the same idea, Li Jianxi nodded, agreeing to the proposal, and then asked Director Yin to help arrange that he would visit LG Group and BC Credit Card Company in the near future.
(Note: BC Credit Card Company was established in 1982. It is currently the largest credit card company in Korea with the largest market share. It has 11 member banks including Woori, Hana, Shinhan, Enterprise, SC First Bank and other commercial banks. It provides card issuance, acquiring, risk and customer relationship management, product and service development, marketing and other comprehensive services.) …
Comet Capital, inside the president’s office.
After the extraordinary shareholders' meeting, Leon John did not return to the branch to handle affairs, but accepted Zhang Junfeng's invitation and came here to visit and communicate.
"... Zhang, the layout of your company seems to be not fully completed. There are not many employees in such a large office area. It's a bit of a waste..." Leon John couldn't help but sigh as he recalled the extraordinarily spacious office area he saw when he walked in just now.
Compared with the two, the Goldman Sachs branch seems to be much inferior in specifications. However, the funds allocated by the headquarters are limited. Even if he, the person in charge, wants to make the branch grand and majestic, there is no way. He can only hope to "upgrade" after the branch becomes profitable!
Zhang Junfeng didn't care about it. In his opinion, the Hong Kong stock market is the most worthy of attention. After all, Hong Kong is now the focus of global finance. Can Hong Kong (Dragon Country) successfully resist the offensive from these international speculators? Can the Asian financial crisis that has lasted for a year end ahead of schedule?
If Hong Kong is unable to withstand the pressure, the financial crisis sweeping across Asia will inevitably spread and ferment further, and all countries in Asia will then face their "darkest hour".
Zhang Junfeng, who is familiar with future trends, must always pay attention to changes in the Hong Kong stock market. Once the Hong Kong officials can no longer bear the pressure and take action personally, Zhang Junfeng will need to cash out the futures contracts that he had used to short the Hang Seng Index as soon as possible, without any hesitation.
In the past, those stubborn and indifferent international speculators had no time to evacuate as the Hong Kong government used hundreds of billions of Hong Kong dollars to strongly protect the market. A large number of them were buried alive, which was a heavy loss! …
"John, we can't afford to fight this time. Once the Hong Kong government shows signs of personally 'driving away' international speculators, we must immediately clear out our short futures contracts. If there is even a slight mistake at this moment, all the profits we have earned may be lost. It is better to lock in the profits!"
Zhang Junfeng warned earnestly that according to his observations during this period, the Hong Kong government should take action during this period. According to the information he had received before, Soros and Quantum Fund had already started to take action, and the critical moment of this financial sniping war was about to come.
Hearing Zhang Junfeng's "overly" cautious look, Leon John still didn't take it seriously. In his opinion, even if Hong Kong was so prosperous, it couldn't withstand the impact of so many financial institutions! Even Japan, an Asian power with strong economic strength, couldn't withstand the financial impact. The domestic stock market, property market and financial industry fell into a mess, and a large number of companies and banks went bankrupt. Hong Kong, a "small place", has less foreign exchange reserves than Japan, so it's obviously impossible to withstand it! "Zhang, are you sure you want to do this? According to the news released over there, it's hard to hold the Hang Seng Index even at 6,600 points! If we retreat in advance, the loss of profits will not be a little bit..." Leon John also planned to persuade Zhang Junfeng. According to the current trend, as long as the Hang Seng Index continues to fall, every 100 points they fall, they can get more than 30 million US dollars.
Once you miss such a "highly profitable" money-making project, it is hard to say whether you can catch up with such a "good project" next time!
"In wars throughout history, there is a tactic called 'surround three sides and leave one gap', which means to surround the enemy on three sides, leaving a gap, setting up ambushes, luring the enemy to escape, and then annihilating them on the way. The reason why we don't choose to surround the enemy on all sides is that we don't want to force the enemy into a dead end and arouse their determination to fight to the death."
"And now the situation in Hong Kong is like that of an isolated army in a desperate situation. If they really realize that they can retire now, they will most likely fight to the death with us with the mentality of dying together. It is hard to say whether we can keep the previous gains at that time..."
Seeing that Leon John still didn't understand, Zhang Junfeng could only think of his words and explain to him again, barely convincing him. At the same time, he also asked him to tell Matto Walsh, who was far away at the American headquarters, to be careful and not put himself in danger for the sake of high returns.
(End of this chapter)
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!