Chapter 595

Even if there is no financial storm, Rb's economic recession is inevitable in reality. The so-called thin camel is bigger than a horse. If RB's economy retreats again, it will still be enough for China to catch up for many years. Sony, Panasonic, sharp and other Japanese consumer electronics and home appliance manufacturers will not be hurt even if their industrial capital export to Southeast Asia will be frustrated by the financial storm.

The economy of country h is guided by large enterprises. Samsung and Hyundai can even directly control the economic policies of country h. Zhang Ke can't agree that the economic crisis of country h will be more severe. However, Hyundai, Daewoo, Han Bao, LG and other Korean large enterprises are doomed to be seriously damaged.

In four years, China H has completely walked out of the shadow of the economic crisis. There are many factors. Zhang Ke has always believed that the development of the mainland market by Korean enterprises is one of the key factors. Samsung Group, in particular, has been able to maintain rapid growth in 1998 and 1999, relying on its leading electronic technology and active development of the mainland market with a population of 1.3 billion.

Zhang Ke regards Samsung as one of Jinhu's strong opponents in the future. In this case, he not only hopes that the financial giants will attack h more fiercely, but also starts to layout in the domestic consumer electronics and home appliance market; Jinhu does not have enough influence to create obstacles to Samsung's manufacturing policies in the domestic market, not only Samsung, but also other electronic enterprises in Japan and South Korea. The best way is to seize the domestic consumer electronics and home appliance market as much as possible and reduce the opportunities for Japanese and South Korean electronic enterprises to recuperate in the domestic market.

Jinhu will focus on the consumer electronics market; The growth of the home appliance market, especially the white electricity market, is very large in the next few years. Zhang Ke hopes that xiangxuehai can grow rapidly, eat up a certain gap and reduce the living space of Japanese and Korean electronic enterprises in China.

On the other hand, the financial turmoil is raging at a low altitude in Southeast Asia. The consumer electronics and home appliance manufacturing industries in Malaysia, the Philippines and other places are suffering a huge impact. They can run out to pick up fruit in a period of time.

The technology, management talents and patented technology of consumer electronics are carried out in the name of Jinhu or the Oak Park Plan. You can pick up as much as you can. No amount of money can pick up good things without the financial storm.

White electricity is going to go out in the name of xiangxuehai.

Over the past year, Xiang Xuehai has invested heavily in the construction of supporting enterprises in the manufacturing base of Huishan Binjiang household appliance industrial park, and in the construction of brands and sales channels. He has also successively introduced the production lines of air conditioners and washing machines from RB - the Japanese yen loans equivalent to US $50 million obtained from RB are used in these two production lines, This is one of the loan conditions - enriching xiangxuehai's product line. Enriching the product line does not mean that the technical foundation is solid. In order to embark on the road of rapid expansion of products other than refrigerators, we must first ensure the expansion of technology and talents, which requires a large amount of funds.

Zhang Ke sees that sun Shangyi still has 1 billion idle funds in his hand, which can be put into Yuexiu holding. Through Yuexiu holding's complete capital injection into xiangxuehai, xiangxuehai can go to Southeast Asian countries such as Malaysia and the Philippines to harvest high-quality white power assets and technologies and hire senior technicians and managers who have lost their jobs due to the financial storm.

Yuexiu holdings will inject capital into xiangxuehai, which will also facilitate the stripping of xiangxuehai's assets from Aida electronics for separate listing in the future.

On the morning of August 18, Zhang Ke, wearing beach shorts, sat in the office of Lijing building in central, Hong Kong and dissected his intention in detail to sun Shangyi.

The biggest opportunity in the Asian financial turmoil is not to speculate and make profits in the foreign exchange financial market; The financial storm will tyrannically tear up the old industrial pattern. After the financial storm, it is bound to form a new industrial pattern. In this process, the large-scale changes of industrial capital, technical resources and human resources contain huge wealth.

In addition to reducing their shares in Aida electronics, sun Shangyi and his wife also reduced all their shares in Jiaxin real estate in mid June and obtained more than HK $1 billion in funds, which were originally used as emergency reserve funds for hedge funds.

Hedge funds have been operating for more than two months, and their profits have nearly doubled. In particular, after the Southeast Asian financial storm, Asian governments have taken administrative measures to restrict speculative transactions, and the leverage ratio obtained from investment banks is getting lower and lower.

Although the opportunities for speculative profits are reduced, there is no need to worry about the risk of sudden positions. There is no need to lie in the account and eat interest on the huge amount of money under the name of sun Shangyi and his wife.

After Jiaxing industry implemented the additional issuance and M & a plan and renamed Aida electronics, ye Jia, sun Shangyi and Ge Mingde cashed out a total of 8% of their shares at a high level, which does not mean that they want to completely withdraw their investment in the mainland electronic industry. Of course, they hope to absorb them at a low level; Zhang Ke is more straightforward. He hopes that sun Shangyi can directly inject their industrial capital into Yuexiu holdings and realize investment in Mainland consumer electronics and home appliance manufacturing industry through Yuexiu holdings.

Sun Shangyi was naturally moved by Zhang Ke's suggestion and immediately invited Ye Jianbin and Ge Mingde over by phone to talk about the details. As a result, Zhang Ke had to give up his plan to go swimming on the beach at dusk, so he wore beach pants and talked with them in the conference room.

The Ye family can hold some money and hope to invest in Shengxin to develop the home appliance chain market, but the relationship between the Ye family and Jinhu has been so close that what must be done to make people feel more at ease.

Ye Jianbin's suggestion is that the Ye family will invest 200 million yuan in Yuexiu and another 200 million yuan in Shengxin. Shengxin has received a lot of development funds and realized cross shareholding of several parties. The Ye family's funds in Hong Kong are still in hedge funds. In the early stage, they can only transfer money from sun Shangyi's account.

In addition to investing in hedge funds, Ge Mingde lent Zhang Ke the extra 200 million to invest in hedge funds. He could not have transferred the loan agreement to sun Shangyi and transferred 200 million from sun Shangyi to Yuexiu.

Zhang Ke means that he can divide hedge fund dividends by at least 300 million. Anyway, it is difficult to transfer this part of funds to Jinhu's account and simply throw it into Yuexiu; Of course, we can only transfer money from sun Shangyi's account first.

Sun Shangyi was quite depressed. He turned around. Zhang Ke owed him 700 million before and after; Sun Shangyi's $1 billion was injected into Yuexiu holdings, and only $3 billion was counted in his name.

The key is how to calculate the assets of Yuexiu holdings? Yuexiu Holdings has very little cash, and its main asset is the 30% share of Aida electronics.

Yinheng securities took advantage of the bull market in Hong Kong stocks in May and June to push a large number of additional shares underwritten by yinheng securities to the securities market. In addition, ye, sun and Ge reduced their holdings, which suppressed the sharp rise in the share price of Aida electronics. In mid July, Aida Electronics took the initiative to lower its profit expectation, and the share price oscillated downward, which has fallen to about the underwriting price of Jinhu Yinxiang securities; The market value of Yuexiu holdings is about HK $2.4 billion. Of course, with the spread of the financial storm, the Hang Seng index will fall further. On the one hand, the profit expectation of Aida electronics's disc player business is reduced, but on the other hand, the xiangxuehai business owned by Aida electronics is a full gold mine - Sun Shangyi, Ge Mingde and ye Jianbin know this very well, Yuexiu holding's assets are appropriate in terms of market value.

Xie Wanqing has no idea of controlling Yuexiu. She transferred the shares of Aida electronics held by Haiyu company to Yuexiu. She just hopes to continue to seize the control of Aida electronics for Zhang Ke after the backdoor listing. In the Hong Kong stock market, she holds 30% of the listed companies with a market value of * * billion, which can basically be regarded as firmly holding the control.

Since its incorporation, Yuexiu Holdings has always used Zhang Ke as a tool for profit interception and simple capital operation. The profits intercepted from the decoding board have also been brought back to Zhang Ke and injected into Xinguang paper industry in China. This time, it has received a capital injection of 1 billion, so it can truly become a company for industrial capital operation.

Zhang Ke certainly hopes that sun Shangyi will become the chairman and Ge Mingde will at least hold the title of director and consultant in Yuexiu.

In addition to injecting 200 million yuan into Ye's Shengxin Global Electric Appliance Group in exchange for 20% of the shares - Ye's injecting 200 million yuan into Yuexiu holdings in exchange for 6% of the shares, it is easy to inject 800 million yuan of industrial capital into xiangxuehai - Yuexiu holdings controls Aida electronics, which also controls xiangxuehai. Huishan light industry bureau holds 49% of the shares of xiangxuehai on behalf of Huishan municipal government, It is believed that Huishan municipal government will not refuse the capital injection of HK $1 billion - but when Jinhu and xiangxuehai go to Southeast Asian countries to collect fruit through Hong Kong, they need to be presided over by people with certain influence in Southeast Asia. Sun Shangyi and Ge Mingde are duty bound.

In the end, Hong Kong still lacks a person to manage daily affairs. Zhang Ke is very worried about this. Ye Jianbin, sun Shangyi and Ge Mingde don't know that Xu Simeng is retreating. They are relieved that Xu Simeng is in charge of daily affairs.

In addition to the 1 billion, the 1 billion previously transferred to the hedge fund account through various channels is also flawless. Zhang Ke also plans to transfer the 1 billion from the hedge fund account in the past and invest it in Yuexiu holdings. As for the 7 billion he owes sun Shangyi, We'd better wait for the final profit to slowly wash into sun Shangyi's account. It's a big deal to calculate more interest.

Some details were finalized. The street was already brightly lit and everyone was hungry. Sun Shangyi suggested going to the Repulse Bay beach for barbecue. Zhang Ke couldn't get into the high-end restaurant as soon as he paid for the seaside vacation.

Ye Jianbin came to talk about business and left Du Fei at the peninsula hotel in Tsim Sha Tsui. Zhang Ke called Du Fei and asked him to find a way to meet them in Repulse Bay.

Sun Shangyi and his wife have been living in the senior apartment of yingwan garden since they broke off their relationship with Ge Mingxin's department. Years ago, Zhang Ke kept a foot injury in yingwan garden for nearly a month, which also bullied sun Jingmeng. However, when they returned to the mainland, they begged sun Jingmeng back.

When they arrived at the barbecue area of Repulse Bay Beach, sun Jingmeng and her mother Ge mingjue, with the help of the Filipino maid, prepared all the barbecue things. Just waiting for them to come, there were tourists lighting bonfires on the beach in the distance, and there were also people camping on the beach at night - the barbecue area pulled wires from the shore and hung a string of incandescent lights.

Sun Jingmeng was wearing a white cotton T-shirt with a blue face and a long hem. She was tied around her waist. She was wearing beach shorts. Her white legs were bare. She stepped barefoot on the soft beach. When she caught a glimpse of Zhang Ke and his party, Zhang Ke was wearing beach shorts and beach shoes. The others were wearing shirts and leather shoes. When she came over, she had to be careful to fill a foot of sand. Her ties were still untied in the car, Although Xu Si prepared clothes for the beach, he was embarrassed to wear them in the end.

"Come, come, come, you are the most suitable coolie!" sun Jingmeng summoned Zhang Ke to go over, "come with me to move beer..."

"Oh," Zhang Ke looked around. He thought sun Jingmeng was most suitable to walk on the beach. He thought he didn't return to Hong Kong for his RB vacation. Seeing that sun Jingmeng had turned and walked away, he had to sigh and follow him.

The full moon is like a plate, shining fine sand like silver, and the sea water is suffused with anti bright sparkling light. You can see many people swimming at night. Watching sun Jingmeng's thin, white and tender feet step out of sandbags one by one, with exquisite arch marks, Zhang Ke has a childlike innocence, followed sun Jingmeng's footprints, and flattened the sandbags one by one.

"You are very young," sun Jingmeng looked back at Zhang Ke. When he came to walk side by side with her, their shadows under the moon overlapped on the silver sand fine and soft beach. "They are still playing children's games. Hurry up, you have to move three boxes of beer. In order to wait for you, I'm almost hungry..."

"Three boxes?" Zhang Ke wondered why the beach canteen was so far away from the barbecue area, and eagerly suggested to sun Jingmeng, "why don't you sacrifice some hue and seduce three strong men to help us move the beer..."

"If the sacrificial hues were cheap for you, would you like to move three cases of beer alone?" sun Jingmeng glanced at Zhang Ke, who almost nodded and agreed, but gave sun Jingmeng a cold hand to hold the back of his neck, "Little boy, what dirty things do you think? Honestly move three cases of beer to me and expect me to sacrifice my color for you? Dream..."

Zhang Ke moved a box of beer first, and the barbecue here was ready. The oil dripping on the carbon fire made a sizzling sound. Zhang Ke was really hungry. He looked at the meat kebab and swallowed his saliva. When Du Fei came, he sent him and Fu Jun to the canteen to move two boxes of beer.

After drinking, Zhang Ke swam in the sea with Du Fei.

Du Fei also had to accompany Ye Jianbin to the peninsula hotel. During this time, he came into contact with something completely unfamiliar to him. He helped Ye Jianbin and Nick Leeson collect and analyze data. In almost such a short time, he crammed the macroeconomic situation in the Asia Pacific region into his mind with relevant knowledge. Fortunately, he strengthened his economic study in the three years of high school I enjoy it. It's not too painful.

Zhang Ke stayed in yingwan garden at night, and Xu Si stayed. Even if Xu Si didn't want to buy real estate in Hong Kong for the time being, she meant to move out of the apartment next to the South Gate of Hong Kong University. There are many short-term apartments in Hong Kong, but yingwan garden is one of the top hotel apartments in Hong Kong.

Sun Shangyi and her family live here for the time being. Sun Jingxiang still wants to go back to Hong Kong after a while. Xu Si hopes to live in yingwan park with Xu Wei - it's uncertain that Jiang Daier can also live together. Zhang Ke always follows her wishes.

Temporary check-in procedures;

Sun Jingmeng steals two bottles of cognac from her father in the sky. The three people sit in front of the rattan circle outside the window and drink and chat. Xu Si just wants Xu Wei to live with her. The rented apartment is a two room suite. They are intoxicated with wine. Sun Jingmeng wants to stay and squeeze a bed with Xu Si. Zhang Ke has to take a quilt and go to another room to sleep. Fortunately, sun Jingmeng stays, Otherwise he will rush Xu Si to his room to sleep.

When he woke up at night, he would be thirsty after drinking wine. Zhang Ke got up and went to the living room to find water. Xu Si listened to the noise and came out. He looked back. Sun Jingmeng was sleeping soundly. He closed the door and sat next to Zhang Ke to have a glass of water with him.

"Last time I was in Haizhou, sister Jiang said she wanted to work. Did she mention it to you?"

"Sister Jiang?" Zhang Ke asked, "I didn't hear her talk about it. She wanted to work. Did she just leave Haizhou?"

"That seems to mean..."

"Oh, I see. I'll talk to her when I get back," Zhang Ke thought. Jiang Wei may want to leave Haizhou for family reasons. Her son has entered a boarding school. She has more energy to devote to her work and pursue greater development in her career. Maybe she also wants to open up the space and carefully think about the personal relationship, "If she wants, Hong Kong is suitable for her..."

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