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

Chapter 446 The Financial Crisis Begins

Chen Daojun can already predict that when all the company's cash flow is used to invest in the Burj Khalifa project, the company under Chen Dongji's name will not be able to withstand any storm.

Especially when the economic crisis broke out, Dubai's announcement of payment deferrals and the cold country's financial sector's tightening monetary policy brought dual pressures.

What’s even more frightening is that the cold country’s financial sector will urgently raise bond funds and will not extend the repayment date of existing loans.

Chen Daojun blocked Chen Dongji's way out without any surprise.

Seeing Chen Daojun standing by the window without saying a word for a long time, Rachel asked him curiously:
"Harry, what are you thinking?"

"Oh, it's no big deal. I thought about how much impact this situation would have on Han Country."

Rachel breathed a sigh of relief. He thought Chen Daojun had some new ideas: "Oh, you are also a member of Shunyang Group, I almost forgot."

"It's the way it is now."

"What are you worried about? If the entire Shunyang Group suffers losses due to this situation, can you still get enough funds to supplement it? Or, maybe we can take no risks for the time being and save the money to save the entire cold country's economy. ?”

"I don't like to play the hero like that. Oh, by the way, you have to prepare funds. When needed, if we make money, we need to send money to the cold country day by day."

"Earned? All 850 billion US dollars?"

"No, I don't think we need that many."

"However, cross-border remittances, or such a large amount of money, will not arrive immediately, did you know?"

"Of course, each financial institution contracted with will be different. I expect that all the money will be in place by the end of the first half of next year. The financial system of Country M is so huge that it will take quite a long time for this huge aircraft carrier to sink. "

Rachel nodded: "At 1912:4 pm on April 14, 11, the 40-ton Titanic collided with an iceberg. It only took three hours after water began to enter from the hole to sink completely. Some companies may Hold on until the end, but most of the $52000 billion, spread out, will be recouped by next spring."

She suddenly thought of a question: "What should we do with the remaining money after remitting it to Han Country? Where should we invest?"

Chen Daojun smiled: "Do what you are best at, it is better to buy blue chip stocks, especially watch Apple carefully."

"Didn't you say you wanted to buy it and take a closer look?"

Rachel immediately checked Apple's current stock price on her computer.

"It's been sitting around $15 a share for nearly a month."

Chen Daojun nodded: "Not bad for long-term investment in stocks. Did you see the iPhone held by Apple in San Francisco earlier this year?"

"No, is there any new message on your phone?"

Thinking of the industry hegemon who dominated the world's mobile phone market for more than ten years in his previous life, Chen Daojun smiled: "I heard that this is an electrostatic touch phone. It is a cross-generation mobile phone and will be released soon."

"Isn't it next year? Well, then, should I buy one and bring it back?"

It was just a mobile phone, and Rachel didn't know why Chen Daojun praised it so highly.

Later, Chen Daojun learned that the first generation of Apple mobile phones did not enter the cold country.

He was thinking about another thing. Shunyang Electronics is strong in the mobile phone market, but it is just a follower in the smartphone era.

This time I have the foresight. Can Shunyang Electronics still maintain its market dominance in the smartphone era?

this is a problem.

Just when Daojun was immersed in various complicated thoughts, Rachel glanced at Daojun and said cautiously.

"What about China, such a huge market?"

"Huaxia?"

"Yes, actually I want to open offices in Xiangjiang and Shanghai, but I would like to hear your opinion."

Rachel followed her own course.

"You name it, if you invest with a long-term view, you'll never lose money."

Chen Daojun remembered the news that Li Xuezai brought after a meeting at the Blue House some time ago. The government allowed chaebols to subscribe to the bonds of Hanguo Pension Fund.

The stocks held by Hanguo Pension Fund have been held for 10 years and have made more than 10 times the profit. Do you want to buy them in large quantities?

After a period of time.

After confirming that a fund run (massive redemption of funds) had begun on Wall Street, Do-joon boarded a plane to Han Country.

No one can stop this from happening now.

No one will pay attention to the influx of money. If the default rate of mortgage loans exceeds 15%, the media will talk crazy about the collapse of the real estate market in country M on TV and newspapers.

Of course, financial companies will frantically deny this phenomenon for their own benefit and in order to rush shipments.

They blatantly told lies to the end in order to redeem more funds in their hands.

When Dojun arrived in Han Country, he took a look at the current newspapers and news.

He couldn't find any articles about subprime mortgages, only one about opposition to Acting President T's participation in the primary election.

As long as he reaches the finals, winning the election is a matter of course.

The two candidates were busy fighting each other, and the primary election turned into a matter of life and death, as if the primary election was the general election.

At this time, competition has entered a fierce stage.

Both candidates have exposed the other's most critical weaknesses to the world, and then busy denying and erasing them.

They also know that even if all kinds of bad behavior are exposed by the other party, as long as they win the primary election within D, they can go straight to the inauguration ceremony of the general T in February next year.

Therefore, they will not hesitate to expose each other's bad behavior.

On the other side, within the ruling Democratic Party, several candidates are running around, but no one cares about them.

Of course Daojun didn't pay attention either, he was focused on another thing.

Lying on the sofa, he asked lazily:
“How is the cash exchange going?”

"Currently, we are organizing in small batches to avoid affecting the market. There is still a little bit left."

Zhang Daoheng introduced the list of financial products owned by Shunyang financial institutions.

Because the performance was too perfect, the results actually aroused public doubts.

After reading it, Chen Daojun confessed:

"The stock market will crash soon. Sell Shunyang Group's shares as soon as possible. Of course, if the stocks fall, you can buy them back at any time, but the process must be kept secret."

"What about the rest of the money?"

"Hold your breath."

"You mean, are you willing to take the loss and cut yourself off?"

Zhang Daoheng seemed surprised and confirmed this again.

"When others bleed, shouldn't we at least shed a little sweat? If we get stuck in the time node every time and retreat without suffering any losses, others will wonder if we are behind the scenes."

"Ah, I see what you mean."

"There will be fluctuations in the domestic market in the future. Tell your employees never to waver in confidence, to be extra careful, and not to indulge in hasty short-term investments. We will not make any evaluation of the performance in the second half of this year. Let them understand that no matter how good their results are, Well, we all don’t agree with performance reviews and don’t care about that.”

When the market is bad, there is no need to invest, just keep the money in the bank.

At least the bank will take care of the interest.

But institutions cannot.

Even if the economy is in shambles, money has to be invested so that it can collect commissions and make a profit for the company.

Putting money in the bank means losing money every day, and if they don't work, they will get out.

In addition, individual investors can hold stocks that have fallen, wait until the market closes, and then sell them when they rise.But institutions cannot own stocks that are declining.

They need to get out quickly and look for other blue chip stocks.

Although some people know that they can make money by persisting, the year-end results leave them feeling powerless.

If retail investors imitate institutional investments, individuals will lose everything.

"Master, it looks good, but shouldn't we work?"

"No, you're bound to make all kinds of mistakes under the pressure of a market crash, oh, just tell them all to go on vacation and use up their annual leave and their monthly leave."

"Is it really possible?"

Zhang Daoheng looked at Dao Jun in confusion. When others were in crisis, they would like everyone to work in three shifts. It would be better for their boss to give it directly to the Fang family.

"When you're confused, it's hard to make the right decision. It's not too late to get back to work after you regain your composure."

Chen Daojun knew that soon, this decision would be of great benefit to the employees of Shunyang Financial Institution.

The financial crisis has begun.

A few days before the primary election against the acting president candidate, the KOSDAQ index plummeted by more than 10%.

In the morning, the sidecar was triggered due to the sharp drop in futures, and in the afternoon, the circuit breaker mechanism was triggered to suspend trading in stocks and futures for the second time in history.

As many as 293 stocks fell by the limit, and the KOSPI index also all fell.

In particular, large securities stocks plummeted by more than 10%, and Shunyang Securities could not escape the disaster.

In the stock market, foreigners sold more than 5 trillion won, but institutional investors bought as much as 8.5 trillion won.

There has been no cash run so far.

Han Guo only saw the phenomenon of Han Guo's stock market crashing due to the stock market crash in Country M, but he didn't know the reason.

Mirae Asset Management said it had "nothing wrong with its large-cap equity funds" and UBS's Asia manager spoke of attractive valuations, whispering an inflammatory tone to investors a month or two after this. The situation will gradually stabilize.

Although after the explosion of this financial bomb, the headquarters of Swiss Bank in Country M was already in chaos.

At this moment, Chen Daojun was sitting in the office and asked about the current investment situation.

"How much money did you buy for me?"

Even when Do-joon asked simple questions, Jang Do-hyung became hesitant and stammered in his answers.

"We bought $35 billion last week alone, why would you do that?"

"It doesn't matter, but what about the situation in the country?"

Jang Dohyung swallowed: "Currently, domestic stock funds alone will invest more than 11 trillion won, and overseas equity funds will invest more than 15 trillion won."

"The cold country is halved, overseas is suspended, and 20 trillion won evaporates. What is the scale of M country's derivatives?"

"Unfortunately, the financial community in Cold Country didn't even know the situation of the subprime mortgage crisis in Country M. Moody's or Standard & Poor's said it was AAA, so they blindly bought it."

"Glad to hear that, haha."

"what?

Chen Daojun smiled and did not see the surprised expression on Zhang Daoheng's face.

"Vice President Zhang, from now on, there are some things I must clarify."

"What is it?"

Chen Daojun, who was sitting on the boss's chair, asked word by word: "Thoroughly investigate the banking transactions of subsidiaries related to Vice Chairman Chen Dongji. How much debt does each bank have and what is the collateral? And what will the bank do from this?" How big a blow you can endure in a crisis, go as fast as you can!
"To investigate banks that are not our negative companies?"

"Well, do you know why?"

Zhang Daoheng did not avoid Dao Jun's gaze and smiled slightly.

"You want to pass on the bank's financial pressure to the vice president."

"bingo."

A bank without cash flow is not a bank.

Although Hanguo Bank has applied for aid through the International Monetary Fund, Do-joon has a dire suspicion that the bank may go bankrupt and be dissolved.

This foreign exchange crisis will bring back terrible memories of their past.

"Then we should deposit the surplus funds of our consortium into that bank now."

This is good because it's fast.

When bank vaults were empty, even the money we kept with us was taken out.

The only way to fill the coffers is to squeeze out debtors.

A bank that fails to achieve its health ratio, that is, its operations are operating normally, will also lose its maiden due to bad debts. .

Loans destroy individuals, but banks destroy companies.

When the bank realizes that it may not be able to collect the money, it must have completely forgotten how many well-connected companies the company has. In order to survive, they will launch a ruthless recovery operation. For example, they directly force the company to apply for bankruptcy protection and control those high-quality assets. .

"I will also deposit the cold country's daily funds into that bank. If you take it all out at the perfect time, some people will lose their minds."

Zhang Daoheng thought for a while, and then spoke quietly.

"Vice President Chen Dongji. He will be very sad this time, but, Master, how far are we from this goal? It used to be Shunyang Credit Card. Which subsidiary is your goal this time?

Vice President Zhang Daoheng blinked, as if reading Daojun's thoughts.

"This time, I plan to catch a big fish, or rather it's a person, not a company."

Zhang Daoheng's eyes widened

"Are you Vice President Chen Dongji...?
"Hehe, let's wait and see."

But when Chen Daojun saw Li Xuezai again, he smiled:

"How are you doing in country M during this time?"

"Fortunately."

There was a searching look in Li Xuezai's eyes: "Long time no see. Is it related to the collapse of the stock market in Country M?"

"Yes, but don't think that I am so strong. The stock market in country M did not collapse because of me."

Li Xuezai had no expression on his face and said with a smile: "You don't have that much influence, it's just some rumors about the outside world, haha."

"What's the matter with coming here so urgently?"

"The stock market in Hanguo is also in a mess, so if there is anything I need to know, please tell me so that I don't have to be responsible for future mistakes."

"There will be liquidity problems, but I will make sure there are no problems."

“If a person running a business has a reliable landlord to solve their money problems, from that moment on, the game is over for him.”

Li Xuezai stood up from his desk and sat down on the sofa next to Dao Jun.

"It seems like something big is going to happen with Vice President Chen Rongji. No, something is definitely going to happen!"

Do-joon sighed as this was a major accident.

"Again, what is a holding company? Unless I and Vice Chairman Chen Dongji's joint voting rights work together, it must be difficult, right?"

"No, this time it's about the successor."

(End of this chapter)