Barings was a British bank in Hunan and Hong Kong with a history of more than 230 years. It went bankrupt simply because it hired the wrong person named Nick Leeson.
This Nick Leeson created a hole of 800 million pounds for Barings Bank in his new home, which is twice the principal of Barings Bank.
As a result, Barings Bank had no choice but to go bankrupt, and the day of bankruptcy was February 26th of this month.
As soon as the news came out, the Hunan and Hong Kong stock markets plummeted.
“Is there a bank called Barings in Xianggang?”
"That Baring?"
"I'm not sure about that, but anything close to it will do."
"There's a bank called Barings."
I guess this is it. No matter whether it is called Barings or Bahrain, it is going to go bankrupt.
“How many stocks do you have now?”
"Probably over 50 million Hong Kong dollars."
Not too much.
"Whether you're calling or flying back now, sell all your stocks immediately. No matter what company they are, sell them all. Don't keep a penny."
"Ah! Sold them all? I have two stocks that have very good upward momentum."
"Okay, sell it anyway. Tell your father and brother and whatever else to sell all the stocks you have. Just keep it to yourself. I don't have the habit of explaining things to others. Anyway, I've told you what I want to say. Whether you listen to it or not is up to you."
To become one of the top ten stock market crashes in Hunan and Hong Kong, its plunge must be comprehensive and the magnitude must be huge.
If you don't give up now, you will die.
"What about our own stocks?"
It stands to reason that my own stocks...
Is this a throw or not? Wan Feng couldn't explain this question either.
After three minutes of thinking, Lin Lairong made a phone call to the office of the Shenzhen Juchuang branch.
"Oh no! I'm Lin Lairong. Tell Chairman Lin right now to sell all of Juchuang's shares in foreign companies. Don't forget, if anything goes wrong, you'll be held responsible."
Lin Lairong couldn't figure out the specific reason, but her intuition told her that she just had to listen to Wan Feng's words, and she was guaranteed to be right.
"Mr. Wan! What do you think of Pan Tingfeng?" After the stock issue was resolved, Lin Lairong changed the subject.
"What's your relationship with him?"
"My new boyfriend." Lin Lairong said this in a slightly daughterly manner.
She must be pretending. This girl looks very unnatural, like she's just standing on the street.
"Do you want to hear the truth or a lie?"
"Isn't that nonsense? Of course I'll listen to the truth."
"Haha, let me tell you, I don't understand your Hong Kong aesthetic standards. What's with this androgynous look? Are you sure he's a man and not a lesbian?"
Lin Lairong was going crazy. How could a man become a lesbian?
"Your visit this time isn't just to bring Luo Dasheng here, is it?"
"I'd like to invest in building a motorcycle assembly plant in Central America. What do you think? The tariffs on finished vehicles in Central and South America are a bit high. I think it would save a lot of money to bring parts from China and assemble them there."
That’s a good idea.
"The social and political environment in South America is turbulent, and the quality of the workers there is poor. I think it's possible for you to solve this problem."
Those lazy people in America expect them to work?
Wan Feng could only laugh.
Americans are paid hourly wages, a few dollars an hour.
These guys have been calculating how much money he earns since they started working.
How much does it cost to have lunch and dinner, how much does it cost to go to a bar or dance hall in the evening, how much does it cost to watch a game of football, and how much does it cost to find a lady in the evening.
After calculating the money earned from the work I did, I immediately notified my boss to settle the bill and quit.
Go and have some fun.
Apart from this, everything else is secondary. I am happy every day.
Expecting such people to work is worse than expecting pie to fall from the sky.
Therefore, there is a reason why several developed countries in South America in the 1960s and 1970s have become developing countries.
"Guba is a decent country, and the quality of its workers is quite good."
In South America, Guba is indeed considered a worker with a strong sense of professionalism.
"But you assemble motorcycles in Guba. Besides selling them locally in Guba, can you ship them to other countries? Guba is under an economic blockade."
"This is my business."
"So what kind of car do you want?"
"It's the one with the blue smoke coming out of its butt that I deal with the most."
It's AX100.
"Eight million will give you a clue. Go to Xiwan to find Zhang Shiqian, and then the accessories will be shipped from Xiwan. Also, don't invest in Southeast Asia in the next two years. Even trade should be done with caution."
This is a good opportunity to reduce one more AX100 line in Sai Wan, so that we still have 600,000 AX100 production capacity...
This output is okay for now, but it's still a bit too much and needs to be reduced. We will try to transfer all the AX100 production lines by 1998.
In Nanwan, he has already planned to transfer one of the remaining two lines to Shaminov or Heihe. If that doesn't work, he will have to adopt the strategy of transporting spare parts from Nanwan for assembly.
“Isn’t Southeast Asia quite stable?”
It is indeed stable now, but it will be unstable in two years.
Wan Feng didn't explain in detail. He still maintained the same attitude: listen if you believe it, and don't listen if you don't believe it.
"And you must give me the Xianggang agency rights for your 2G mobile phone."
"That depends on whether Xianggang has a GSM network by then. If not, your agency is useless."
"What new products do you have?"
"Micro sedan! Are there any hopes that the Xianggang agent would be interested?"
"That little car of yours that looks like a card? It looks pretty, but is it sturdy?"
It just so happened that a modified truck specially used for transporting cars drove out of the new factory, with eight micro cars loaded on the truck.
Lin Lairong looked at the car with a worried look on his face and said.
"Our little car has undergone 100,000 kilometers of off-road testing. It's been through tropical rainforests, snowstorms in northern Xinjiang, deserts, and even plateaus with an altitude of nearly 4,000 meters. Do you think it's sturdy?"
This is another manifestation of looking down on domestic products.
Luo Dasheng came back with an incredible expression on his face.
When he first saw the goods that Lin Lairong brought back from the mainland, he always thought they were from a joint venture, but now he is sure that they are not.
Because there is not a single foreign word on the company's doorplate, slogans in the company, or in the product workshop, nor is there a single slogan related to foreign companies.
"That's impossible. You must have plagiarized foreign technology."
This is what Luo Dasheng said after returning from his visit to Huaguang.
These words made Wan Feng's face turn dark.
"Ms. Lin! It's noon now. Take your people to eat. I have something else to do, so I won't be with you."
After saying that, Wan Feng made a gesture of invitation.
Wan Feng was even prepared to save his meal money for someone like Luo Dasheng. He would just eat by himself. Anyway, he would have no contact with the other person in the future, so there was no need to be hypocritical.
Continue read on readnovelmtl.com