Whether it's worth it or not depends on how Xing Baohua does the accounting.
This was also a lenient measure to help Xing Baohua overcome this difficult situation.
Take patents for example; they might be worth a dollar, but they might only be worth a dollar.
They say he's worth a billion, but how was that assessed? Actually, no professional institution can assess his value; it's all based on trust.
With so many patents, how come they can't even scrape together 3 billion? Of course, these patents can be put to good use in the next loan. The valuation given by the international trust is more professional and recognized than any other institution.
Xing Baohua was very grateful for CITIC's help. "They've already said so much, how could I not see their help? Wouldn't that be foolish?"
Once Xing Baohua returns, he will send someone to coordinate with CITIC.
Xing Baohua was thinking of raising another two billion US dollars, making it a total of ten billion, so he could leverage it and play a ruthless game.
But where will we find the remaining two billion dollars?
There's still some money left in the US that can't be returned for the time being, but Xing Baohua and several banks have laundered a significant portion of it, so there's not much left.
That means we can only use a few hundred million US dollars.
Fine, eight billion it is! As long as we succeed, we can demonstrate our enormous strength. When another economic crisis comes two years later, even more banks or institutions will be willing to give us money.
Putting all that aside for now, things here are basically done. I'll call the people I'm connected with and tell them I'm going back to central Shandong.
Back in central Shandong, Xing Baohua didn't rush into espionage; instead, he had people create accounts for the patents and other valuable items.
Xiao Bo led a group of accountants and professionals to get busy.
Xing Baohua then called HK Haina Investment Department, requesting all European exchange rate records. He wanted them all electronically saved on a hard drive, not faxed, and had them delivered.
Xing Baohua asked two people from the company's foreign trade department to call the State Administration of Foreign Exchange and report foreign exchange rates in real time.
By exchanging the national currency for the currencies of other countries, the exchange rate of the pound sterling to the mark was calculated.
Although there are some inaccuracies, the difference is not significant. After all, the handling fees and spreads are different, but the difference will not be too great. Xing Baohua just wanted a rough figure.
When it comes to actually doing something, you'll need to be precise down to the last two digits.
Xing Baohua's involvement in finance is an open secret. Many people are asking him what kind of financial projects he's planning to undertake, but just by looking at the exchange rates of various currencies, no one knows what he's up to.
Because currency exchange rates involve too many factors, it's not necessarily about trading currency exchange rate differences. It could be about spot goods, or other types of trade.
In short, it's still unclear what tricks he's up to.
Because of Xing Baohua's phone call, the Hong Kong side got busy, saving the previously prepared data and having it delivered to Xing Baohua in central Shandong.
While Xing Baohua was making some preparations, he suddenly received a call from overseas.
"Hey friend, I heard you're researching exchange rates. I happen to have a lot of money here. How about we expand our cooperation?"
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