Reborn as the youngest son of a chaebol, starting with getting to know his eldest sister-in-law!

They have not been working for corporate jobs for long.

It is only because of BAT Group's extraordinary income that they will spare no effort to smile on their faces.

"Will Shunyang continue construction until the construction of the Burj Khalifa is completed before paying the final balance? Even if 2% is added, to be honest, even bank interest rates cannot catch up."

"If we support it below, Shunyang's order performance will double, and Shunyang's stock price will also rise sharply."

Li Xuezai quietly listened to the complaints of the two groups and said something that they could not consider for the time being.

"On the contrary, wouldn't the quantity of their orders be twice as much as when we made it ourselves?"

"That's true, but for project construction, if the other party does not provide upfront funds and relies entirely on our subsidies, we will have no money."

As their dissatisfaction grew, Li Xuezai smiled.

"Then, how about you listen to my proposal?"

The eyes of the two presidents changed.

"We, BAT, will bear all the bills thrown by Shunyang Group, so you won't worry about money, right?"

“Does this mean Chairman Lee will discount?”

"Yes, if you push it to the bank, they will give you a discount immediately, but what you two want is the lowest interest rate burden, so our BAT will be cheaper than the bank."

"It's so cheap...?
"Will it be halved?"

The expressions of the two presidents softened.

"We will become Shunyang's subcontractor, and I will be responsible for the payment. And this time, we need to slightly expand the scale of construction. Isn't it a waste to miss such a good opportunity?"

"You have said so much, do you really have so much money?"

Facing the suspicious looks of the two, Li Xuezai spoke eloquently: "We have a lot of foreign investment, so I plan to take advantage of this opportunity. Using US dollars is patriotic."

The two presidents looked at Li Xuezai with envious eyes and nodded.

"Since there are no differences between you, let's continue to cooperate and work hard together in the future."

When the two presidents left with a big smile, Li Xuezai's expression suddenly became serious.

He didn't understand why Chen Daojun insisted on letting Chen Dongji take a stake in a project in Dubai that was obviously going to make a lot of money.

"Daojun, why are you doing this? There is absolutely no such thing as a free lunch. Let's see what the result is."

If Dubai's projects do not fall into a liquidity crisis, Shunyang Construction can take a good breath, and Chen Dongji's several contractors can share a share, and everyone can eat a lot.

When Taijun came out from Daojun's place, Chen Dongji asked his nephew:

"Are you sad that you were rejected by Daojun?"

"Do not."

Although Jin Qinjun responded quickly, his expression betrayed him.

"No? The grievance and anger are clearly written on your face, haha."

Chen Dongji smiled meaningfully at his nephew, then sat in the office and talked to his nephew.

"Daojun is right. When you meet Daojun, it is normal for the people below not to understand the market. After all, they don't know what kind of status Daojun is."

"You don't have to be afraid of Vice President Zhang Daoheng. He can't threaten you yet."

Before Chen Dongji could finish speaking, Kim Taejun interrupted urgently:
"I think so too, but..."

When the words came to his lips, Jin Taijun still swallowed them.

He still doesn't understand why someone as strong as Daojun has to hide himself?
Besides, Dojun went too far. He didn't even mention his name, Kim Taejun, in front of many senior executives.

After all, someone brought it up, and Daojun dismissed it contemptuously.

After a pause, Chen Dongji seemed to see what his nephew was thinking, and then explained his doubts.

"But? You think you and he are cousins, so you shouldn't be so intrigued, right?"

"Yes, I thought the two of them would help each other and fulfill each other."

Jin Taijun seemed a little bit grievance on behalf of Dao Jun, which also made Chen Dongji extremely worried.

After all, next, he wants his nephew to do something spectacular through the big platform of the Burj Khalifa planned by Dao Jun.

With a dark face, Chen Dongji had to wake up his nephew again.

"Among Shunyang's executives and employees, no one would think of Daojun easily. Many people even think that if Daojun is stronger, he will inherit everything in Shunyang."

"And I tell you without humility, Taijun, as long as we, uncle and nephew, work together, one day I can inherit everything in Shunyang."

As Chen Dongji spoke, sparks of desire ignited in his eyes.

This is the first time for Kim Taejun to see such an uncle
Could it be that there is a raging undercurrent between Dao Jun, Dao Jun, and his uncle Chen Dongji? !

Why did my uncle get involved?

Or is he already prepared?

"Uncle, you"

Jin Taijun's face was full of doubts. Although he was surprised in his heart, he didn't know what question he wanted to ask his uncle.

Chen Dongji, on the other hand, knew that in the eyes of outsiders, Daojun looked like a student.

Let his nephew be with this guy, and Kim Taejun will know what it means to pretend to be a pig and eat the tiger.

"Taejun, I know this will hurt your self-esteem, but you have to be good at observing and learning. Even if you lower your head, you have to follow the direction Taojun goes."

Chen Dongji patted his nephew on the shoulder and said.

At the same time, I also felt very emotional in my heart, how could a guy like Chen Runji, who seemed so mediocre, be able to give birth to a nephew as talented as Daojun, who could do everything smoothly.

Seeing that Jin Taijun was silent for a while, Chen Dongji continued the topic just now and started talking openly with his nephew.

"I wonder if it was because you complained to Dojun that the BAT Group's consortium accepted all our conditions."

Chen Dongji could only make such a conjecture, because he could not have guessed it anyway. Chen Daojun had predicted the global financial crisis in 08.
"Li Xuezai has been with my father for so many years. What kind of treacherous shopping mall veteran can he make him nod? How about Dajun's strength?"

After hearing this, Jin Taijun asked in surprise.

"What I accidentally said to him, are you saying that Dojun asked Chairman Li Xuejai later?"

"I don't know, anyway, the timing is just right. Even if it's a coincidence, people will know it because of you. I think your deal with Dojoon is good."

"The executives have praised you privately, saying that you have made rapid progress and your future is limitless."

Chen Dongji had a different charm in his eyes. When facing his nephew, he still had to maintain the sincerity that should exist between a father and a son.

After he finished speaking, his nephew Jin Taijun fell into deep thought.

Chen Dongji was talking to himself, completely unaware of the change in his nephew's demeanor:
"You should be used to life in the head office now. Take your time and meet with Daojun more. He is all-in on financial products in country M. I also looked carefully. I didn't know there were so many financial derivatives. invest."

"The company has no money, what do you think these financial products are for?"

"People, as long as they still have power in the company, they have capital. As long as the company develops well, in an emergency, capital turnover can be carried out. Although some operations in the company are based on my opinions, such as the participation of the Burj Khalifa The decision was made by me, but there are some things that I can’t ask in detail, but you are different. If you have nothing to do, go to work. I have high hopes for you. Remember that you will be the successor to the majority shareholder in the company."

"Ok."

Nothing is easier than going for a ride.

For example, for the Burj Khalifa, they just need to contribute, and then money will be indispensable. "I would have a drink every so often. Do-joon hated his other cousins, but my brother didn't feel that way. The closer we got together, the closer we became."

Chen Dongji looked at his nephew happily, he was a good listener.

After a heart-to-heart talk, the two chatted for a long time.

"You mean that the Burj Khalifa is a trap set by you, deliberately letting your second uncle fall into the trap, and then cheating him hard!"

Unlike Daojun who had a bright smile on his face, Zhao Dahao had a frown on his face.

"Correct."

"But as far as I know, the investors in the Burj Khalifa construction project are all princes from the Middle East. They are all extremely rich. How dare you give up such a big project? Then, let me ask again, apart from here, you Where are you going to make money from?"

"I have definitely given up here. I want to go to country M to make money. It is expected that there will be a big financial problem in this country soon."

"What? Country M?"

Zhao Dahao opened his eyes and shouted loudly.

"Hey! You said there is going to be a financial problem in country M! How much money can you make on Wall Street?"

"Think about the International Monetary Fund 10 years ago, and you will know where the opportunities come from."

Chen Daojun said to Zhao Dahao, who looked in disbelief:
"Well, just a reminder, if your personal assets are invested in financial products related to Country M, you should sort them out quickly. They will start to plummet in the second half of this year."

Zhao Dahao rolled his eyes: "Do I look like someone who has enough money to invest in something like this?"

"Who would believe you if you said you didn't have money?"

“We are all just high-level workers, we don’t have much money.”

From Zhao Dahao's self-deprecating tone, Chen Daojun could tell that he was moved.

"If you really want to make money, you can invest in land or buildings. This is the safest investment. Haha."

Chen Daojun had planned everything, so he began to prepare to leave for Country M.

Kim Taejun knocked on the door of Chen Dojun's office early in the morning, holding a takeaway coffee cup in both hands.

"Taejun, you've been coming more frequently recently."

"Brother, don't worry. I'm not here to borrow money. I'm here to have a cup of coffee or something. Oh, we signed a contract with BAT Group. Thank you very much. The problem has been solved now."

"Well, I heard about it too, but it was not me but Li Xuezai who made the decision. No matter what, I will convey your gratitude."

Seeing the way he kept looking at him, he seemed hesitant to speak. Chen Daojun thought that he didn't come here just to say this.

Sure enough, Jin Taijun still didn't know much about the city, so he immediately changed the subject: "You said you were going to country M for a business trip?"

"Yes, I invested part of our consortium's funds in an investment company on Wall Street. The amount of funds is so large, of course I want to take a look."

Jin Taijun nodded: "I heard that all the money in the world has gone to the financial products of country M. They say that now they just use sacks to carry money. Do you think it is really okay?"

"Why do you ask? Do you also want to invest in Wall Street?"

"Well, I asked around and heard it's okay."

Chen Daojun didn't seem to want to talk to him any more and casually mentioned: "Investment is about judging and making your own decisions. Don't believe what others say, but once you make a decision, you must do it seriously."

He's not here to say hello.

Since he heard that Chen Daojun was going to Country M, he hurried over immediately.

"Yes, but I always like to focus on one thing, so I want to hear your opinion."

Chen Daojun started talking nonsense:
"Most of the hot derivative products now are based on mortgages in country M. I believe you will use your house as collateral to repay the loan, or be kicked out. Even if it is insolvent, it is not safe."

"Is this safe?"

"Don't believe what others say! If everyone can't repay their loans because they lost their jobs, then you can just imagine, will there be a thunderstorm with large non-performing loans?"

This is what Chen Daojun wants to say.

In fact, the job of a bank is very simple.

A fee called a deposit margin (the difference between the loan interest rate and the deposit interest rate) is charged between the person who saves the money and the person who borrows the money.

Because some people have simple jobs, stable wages, and retirement security, bank employees will regard them as high-quality customers.

Originally, as long as wages and income were assessed normally, there would be no major problems.

However, no matter what field they are in, there are always people who cannot hide their shining talents.

Many people's talents are focused on how to make a lot of money at once.

In the early 80s, when a new military coup occurred, the cold country was affected.

What if I don't have money?
The three capitalist geniuses in country M brainstormed and came up with an extraordinary plan.

They proposed a new product called mortgage-backed securities (MBS), or mortgage-backed securities.

A home equity loan is a loan that is secured by a home and collects principal and interest regularly for a term of 10 or 20 years.

But from the bank's point of view, it is stable, but lending a large amount and sharing small amounts for a long time are only a matter of a short period of time.

In addition, this is a loan that is deeply tied to work.

But these three geniuses looked at mortgages only from a product perspective, not a bank perspective.

A home equity loan is a small amount of money but can provide the bank with stable returns over the long term.

It turns out that this exactly matches the stable investment products that retirees, financial earners, asset owners, etc. are least willing to lose their principal, making mortgage loans a product called MBS.

In fact, it was these high interest rates that gave them the idea.

In 1979, the Federal Reserve raised interest rates, the financial sector fell into a "money" shortage, and the mortgage market began to be turbulent.

Because in the era of high interest rates, no one would take out a loan to buy a house.

But Zuckerbergs always side with the rich and pass laws to prevent them from losing money.

On September 1981, 9, the Congress of Country M passed a "smart" financial industry bill.

Taxes were deferred when the financial sector arranged home loans, and a bill was passed to compensate from the state treasury all losses incurred in the process.

As a result, this became a system where just a loan could come in, and the so-called era of bond securitization began.

Banks would now lend large amounts of money against the house, collect fees, and transfer the bonds to others.

Real estate developers' worries about getting their principal back have disappeared, and there are no long-term loan ties.

Instead, they put their main business on mortgage loans and risked their lives and lives to run the business.

Salomon Brothers, an investment bank, absorbed the bonds by risk, repackaged them and sold them at hefty brokerage fees.

If one mixes three or four risky loans with one safe loan, it can even get a AAA credit rating.

Bankers no longer play golf on the weekends.

They party on luxury yachts and fly around the world on private jets.

It's time to end their carnival. The Angsa people have been dominant for too long, relying on their first-mover advantage.

As long as there are systemic problems, bankers will not pay for the party. On the contrary, the people of Country M will pay the price. (End of chapter)