Set sail1992

Chapter 1202 Just don't complain in the future

"You mean, there will be a very serious economic crisis in the subprime mortgage market in the United States?"

After listening to Zhang Qihang's report, Comrade Song Yuehua did not read Zhang Qihang's report, but frowned slightly. After pondering for a moment, he slowly asked Zhang Qihang: "Comrade Qihang, I know you It's out of good intentions, I want our Provincial Investment Group to take advantage of this opportunity to make some money, but have you considered the risks involved?"

Last year, Comrade Song Yuehua's division of labor was adjusted, and he, who was in charge of the province's economic work, had a heavier burden on him.

"I have considered it," Zhang Qihang nodded slowly, of course he understood what Song Yuehua's question meant: "Although I am very confident in my judgment, as long as it is a speculative activity, there is risk. If the Provincial Investment Group It’s good to say that I made money after participating in this event, but if there is a loss, it will not only cause huge property losses to the province, but also have some impact on my future development.”

Song Yuehua's brows eased a little, his eyes paused for a while on the report on the table, and then he continued: "Since you understand everything, why did you send this document to me?"

After observing for a period of time, Song Yuehua is very optimistic about Zhang Qihang's transformation, thinking that he will be able to transform from an excellent business manager into a qualified official, but Song Yuehua is not optimistic about Zhang Qihang's move this time, because in He thinks that Zhang Qihang's move is too presumptuous: If this investment activity really makes money, it's fine, but if the province listens to his advice and decides to speculate on American subprime mortgages, but fails, the responsibility will be A considerable part of it fell on Zhang Qihang—yes, the provincial investment department must of course have its own judgment, but can you say that this loss has nothing to do with you Zhang Qihang?

In Song Yuehua's view, this kind of behavior is very unwise, it is a typical "actively standing under the dangerous wall", and for a middle and senior official, this kind of risky behavior should be avoided as much as possible, but Zhang Qihang is a good guy, he even took the initiative to join him.

"Leader, I know you are kind and caring about me." Zhang Qihang first expressed his thanks to Song Yuehua, then changed the subject and said, "Actually, I also know that this is not particularly appropriate, but our Huateng Group Investment Department In the future, we will also make some investments in the subprime mortgage market in the United States, and feel that it is necessary to tell the comrades of our provincial investment institutions about this situation.

Of course, our provincial investment group is a more professional organization than our group's investment department. They have the best investment experts and talents in the province. This report is blind investment. "

Song Yuehua was taken aback, and then looked at Zhang Qihang: "Your group's investment department is also planning to invest?"

"Yes." Facing Song Yuehua's questioning gaze, Zhang Qihang nodded affirmatively: "The two giants in the American secondary real estate market: Freddie Mac Group and Fannie Mae Group are about to release their financial reports for the first half of the year. After analyzing the real estate market and subprime mortgage market in the United States, I think there are serious problems in their real estate market and subprime mortgage market. These two groups may suffer huge losses. This is a very good investment for us Opportunities ... are expressed in this document."

Song Yuehua stopped talking, and began to ponder.

Only now did he truly understand what Zhang Qihang meant by handing over this document to himself: If only Zhang Qihang believed that the subprime mortgage market in the United States would experience a sharp decline in the near future, then his report was indeed Inappropriate, but if this report is the consensus between Zhang Qihang and the investment department of Huateng Group, and the entire Huateng Group is ready to take this opportunity to make a fortune, then there is no problem for him to hand over this report Yes—we think so, and we plan to do so, and I even told you the reasons why we did this without reservation. As for whether you listen to my advice, it’s none of my business. Anyway, if you can choose not to believe my report and do nothing, as long as you don’t complain about me when you see us making money in the future.

To a certain extent, this can be regarded as Zhang Qihang's blaming and blocking some people's mouths in advance. After all, there are always some people whose abilities are not good, but they will find all kinds of excuses and reasons for their incompetence .

As for why Zhang Qihang did this, speaking of it, Song Yuehua actually understands Zhang Qihang's difficulties and difficulties. He is only in his 30s and has already reached the current height. I don't know how many people envy him, envy him, Jealous of him, the relevant discipline inspection and supervision units have received countless reports and anonymous letters from him over the years. Fortunately, this kid has stood upright and made no mistakes. In a word, many people only saw the glory of this kid, but not All the way up to this kid, how many open and dark arrows have been behind his back, how many times he has been caught with a small problem, and he has no limit to his height. He did this this time, and he did have a reason for doing so.

After thinking about all this, Song Yuehua's expression relaxed a lot: as long as Zhang Qihang's brain is not hot.He nodded slightly, and said to Zhang Qihang: "Let me take a look first... By the way, you said the two companies in the United States..."

Seeing that Song Yuehua stuttered, Zhang Qihang quickly said, "Fannie Mae Group and Freddie Mac Group."

"Yes, these two companies, do you think they will suffer huge losses?" Song Yuehua asked curiously: "How much do you think they will lose?"

"This..." Zhang Qihang thought for a while, and instead of answering the question right away, he explained tactfully: "Fannie Mae and Freddie Mac are the two largest housing mortgage financing institutions in the United States. It is a special financial company approved by the National Congress and sponsored by the US federal government.

Together, the two institutions own or guarantee nearly $5 trillion in home loans, accounting for the balance of all mortgage loans in the United States.”

Song Yuehua had never heard of the two companies Fannie Mae and Freddie Mac before, but now that Zhang Qihang introduced the background of these two companies, she was a little shocked: "Isn't this a state-owned enterprise?"

The United States, a big-eyed capitalist country, actually has state-owned enterprises?

Zhang Qihang replied: "I think it is not an exaggeration to say that they are central enterprises with special national missions. They are actually similar to our large state-owned holding companies such as tobacco, electricity, and banks."

Song Yuehua thought for a while, then nodded: "If it is true as you said, these two companies are special financial companies established with the approval of the US Congress and sponsored by the US federal government, then what you said is true... um, You go on."

"Freddie Mac and Fannie Mae, two home mortgage financiers that account for nearly half of all mortgage outstanding in the U.S. and collectively own or insure nearly $5 trillion in home loans, are truly behemoths, so even just A 1% loss, that is 500 billion US dollars, after all, their size is really too big..."

"..."

Song Yuehua was stunned by Zhang Qihang's words, why didn't he understand Zhang Qihang's answer to his question?It is conservatively estimated that these two companies will also suffer losses of tens of billions of dollars!
Tens of billions of dollars, it scares me to death, but the problem is that when I think that such a large loss is only 1% of the self-production managed by the other party, I feel that this loss seems to be nothing.

But having said that, how much volatility will such a large loss cause in the market?

Song Yuehua used to be in charge of the province's industrial development, but he also knew the economy and finance very well, and immediately realized that if the situation is really as Zhang Qihang said, there will be a huge boom in the real estate field and the subprime mortgage field in Millican. Financial fluctuations, and for financial speculation, this is the best opportunity!

In this way, it is no wonder that Zhang Qihang not only intends to end the investment department of Huateng Group, but also told himself about it. In fact, he has no choice. If the final situation really develops as he said No matter how fat the Huateng Group eats, people hate and criticize him for eating alone - such a big piece of fat, you Huateng Group can't eat it by yourself, so you just ask everyone to eat together Hey, but you Zhang Qihang didn't say a word, it's too much, do you still have a little revolutionary friendship?

In a word, Zhang Qihang is actually in a dilemma.

"...Okay, I see." After adjusting his mood, Song Yuehua glanced at the table and said to Zhang Qihang: "Put the documents here first."

"Good leadership."

Zhang Qihang breathed a sigh of relief.

It was Song Yuehua, who thought for a while, and then said: "I know you have good intentions, but other comrades may not be able to stand as high as you, so..."

When Song Yuehua paused, Zhang Qihang hurriedly took over the words, and said gratefully: "Thank you for your sensibility, leader, I understand what you mean, but as long as you can understand, the other comrades will understand sooner or later. .”

Song Yuehua was very satisfied with Zhang Qihang's answer, nodded and said, "Well, it's good that you can understand."

After speaking, Song Yuehua thought for a while, and then told Zhang Qihang: "After this investment is completed, no matter whether it is good or bad, you will report to me."

As for Zhang Qihang's vision in investment, no one doubts it now. Everyone knows that Zhang Qihang led several senior executives of his group to make a lot of money in the stock market a few years ago, but whether Zhang Qihang Song Yuehua felt that it was best to put a question mark in his heart about being able to play around with foreign stock markets and financial markets, but having said that, if Zhang Qihang could prove that his vision in the financial field was the same as his vision in business management and investment Accurate, that's an extra layer of gold.

Zhang Qihang didn't know that Song Yuehua still had so many thoughts in his heart. He only thought that the leader was worried and cared about himself, so he responded with gratitude in his heart: "Don't worry, leader, as soon as I have a result, I will come here immediately." report to you."

........................

After carefully reading Zhang Qihang's report, Song Yuehua had to admit that Zhang Qihang did have something in terms of international finance, and he did put a lot of effort into researching the real estate market and subprime mortgage market in the United States. , based on the relevant data he provided in the report, if Fannie Mae and Freddie Mac really suffered huge losses, the real estate market and financial market in the United States, or the financial subdivision of real estate and subprime mortgages, will still There's really a good chance there's going to be huge financial volatility.

And as long as there are fluctuations, there will be huge business opportunities. It is really not a big problem for Huateng Group to choose to enter the market at this time, but I don’t know what those guys from the Provincial Investment Company will think of Zhang Qihang. this report.

And what happened next was just as Song Yuehua expected. For Zhang Qihang's report, the provincial investment company scoffed, thinking it was unreliable at all—you, Zhang Qihang, who started a business, also understands international finance?

Yes, that’s right, we all know that you, Zhang Qihang, have done a great job in the automotive industry, and you have also done very well in the investment field over the years, especially your several investments in the Internet field and the chip field, which are even more talked about, but Investment is investment, finance is finance, Zhang Qihang, you know a lot about finance?
Therefore, although Comrade Song Yuehua's secretary personally sent this document, Mr. Zhao from the provincial investment company said it well in front of Secretary Wang, and said with a smile on his face that he would read it carefully and think carefully, but After sending Secretary Wang away, Mr. Zhao just casually flipped through two pages, and then threw the document aside with his lips curled up—you, Zhang Qihang, are also worthy of pointing fingers at me in the professional field?

Song Yuehua, on the other hand, has been paying attention to this matter, and even specially ordered Secretary Xiao Wang to pay attention to the financial reporting and official status of Fannie Mae and Freddie Mac.

Although Secretary Wang felt that his boss's worry was completely unnecessary, and at the same time felt that Zhang Qihang was a bit of a sensationalist, but since the boss made the arrangement, no matter how unhappy he was, he would not dare to neglect Song Yuehua's words, and told the secretary Do yourself a favor by keeping an eye on the financial statements of Fannie Mae and Freddie Mac, two American real estate mortgage finance groups.

Only four days later, Deputy Chief Li of the Secretariat called Secretary Wang: "Secretary Wang, the matter you told me to pay attention to has come to fruition."

"Oh?" Secretary Wang didn't take it seriously, and asked casually, "How did it turn out? Did they lose money?"

"It's a loss, Secretary Wang, let me tell you, these two American companies have lost a lot!"

Vice Chief Li naturally didn't know the ins and outs of this incident, and he consciously didn't ask about it when he was working in an agency. Anyway, he just did what the leader told him to do.So at this moment, Deputy Chief Li said happily: "The financial reports of these two companies have just been announced one after the other. They lost a little over 300 billion US dollars and less than 400 billion US dollars in the first half of the year respectively. The total losses of the two companies are $700 billion."

There was a bit of gloating in his tone.

(End of this chapter)