The investment era of rebirth

Chapter 114 Crisis and Opportunity

"Fuck!"

Su Yu saw the overnight repurchase rate and interbank lending rate that far exceeded the market risk line. Although he knew that this scene would definitely erupt in his mind, when the crisis really came, he still couldn't help the shock in his heart: "It's time to come, it's finally here."

Thinking, he swiped his finger across the screen of the phone and glanced at the missed call.

Except for the one call from Lin Antu, the rest were all calls from Huang Yu.

Of course, in addition to these missed calls, there are also dozens of @him messages on the chat software, most of which are asking him about the skyrocketing bank overnight repurchase rate and its impact on the domestic financial market, and even the 'Yuhang' that was just established yesterday In the No. 1 investor exchange group, there was also some commotion at the moment.

Su Yu first took a look at the fund's investor exchange group, and saw that Li Meng was explaining to everyone that the fund had not yet started to build positions, so the impact was zero, and he explained in detail the reasons for the shortage of money in the market, to reassure everyone that there is no need to panic, so he didn't come forward in person Explaining, while getting up, he called Lin Antu back.

"Director Lin, what's the matter?" Su Yu asked.

Lin Antu replied on the phone: "Mr. Su should already know about the skyrocketing overnight interest rate and lending rate of the bank, right? I just heard the news that Qianjiang Bank is short of internal funds, and I'm afraid it will be run on by depositors and customers. There is a serious crisis."

"Just in the early hours of last night..."

"I heard that the presidents of several of their branches have rushed overnight to other banks in surrounding provinces and cities that have relatively abundant funds and can also conduct interbank lending, desperately raising funds."

"The employees of the savings customer department of their bank have also been fully mobilized."

"I heard that the loan business has also fully suspended lending."

"Of course, besides Qianjiang Bank, many local commercial banks across the country had the same problem last night."

"It is said that in the first quarter, these commercial banks tried their best to lend money, and misjudged the central bank's decision to lower the reserve requirement ratio and increase the market's water release. This has caused today's 'money shortage situation' where many banks have no money to put."

"Okay, I got it!" Su Yu replied, "Continue to pay attention to the information in this area, especially some small banks with serious money shortages. If you find a serious run on a bank, report it to me immediately. Oh... Also, you can pay more attention to the internal development of Qianjiang Bank."

"Okay, President Su." Lin Antu replied and hung up the phone.

Afterwards, Su Yu called Huang Yu back and asked him to wait for him at the entrance of the business department of their sub-branch before washing out and going out.

When he came to the sales department of the sub-branch where Huang Yu worked, he saw that Huang Yu's face was full of anxiety. There were many people waiting in line to handle the business in the sales department. There is usually a little more tension in the atmosphere.

Huang Yu saw Su Yu coming, and led him directly into the VIP customer area.

Then, with the help of the counter clerk, he opened an account, and transferred 500 million funds from his original Huashang Bank account.

"Brother Su, thank you so much!"

After finishing the business, Huang Yu's face relaxed, and he was very grateful.

Since yesterday, the tasks issued by the head office have fallen into the hands of each of their salesmen. The basic savings task of 500 million within three days is a rigid target. If you can't complete it, you have to leave, so he is so anxious , It is true that there is no way to find Su Yu.

"You salesmen who are in the same line as you have received the same task?" Su Yu asked when he walked out of the sales department.

Huang Yu nodded and replied: "It's not just us, the presidents of the branches, the investment and wealth management department, the savings customer department, and all departments including the sales department that directly face depositors have received orders to stabilize the current flow of funds in their hands. For tasks, Director Wang has already arrived in Qianzhou."

"Qianzhou?" Su Yu wondered.

"En!" Huang Yu responded, and continued, "I heard that the internal capital flow of a local commercial bank over there is still sufficient, and it can lend funds on a large scale. I rushed over overnight, afraid that someone would borrow the remaining funds before us."

"Oh." Su Yu understood, and continued to ask, "Is your bank cash flow very tense now?"

After Su Yu had already deposited funds and completed the target tasks for himself, Huang Yu no longer concealed some real internal conditions of Qianjiang Bank, and said: "It is very nervous, but in fact... it is not just the cash flow of our bank. Nervous, at present, the cash flow of most banks should be very tight."

"It counts..."

"We started to tighten the loan disbursement in the middle of last month, which is already very optimistic."

"As far as I know, many banks that were still aggressively issuing new loans and expanding off-balance sheet assets in early June are really miserable at this moment."

"I don't know what happened this time..."

"Before, our director and the president said that the central bank will definitely lower the RRR in June. Even if it does not lower the RRR, it will definitely release market liquidity through other methods."

"But I didn't expect that everyone has been waiting, waiting, and there is still no movement from the central bank."

"Now, it should be the cash flow crisis in the entire banking market that has been detonated. If the release of central bank liquidity that everyone is waiting for has not come."

"I guess the situation will get worse in the future."

Su Yu listened to Huang Yu's words, and responded lightly, guessing that under the effect of the market's money shortage, companies with urgent financing needs must be extremely uncomfortable at this moment, and the off-site financing interest rate and private short-term lending interest rate must also be skyrocketing Among them, so...

He bid farewell to Huang Yu briefly, and immediately called Liang Bin.

"Liang Bin, send me the information of the three companies that need financing that you discussed with He Qian and An Xiaoya immediately." On the way back home, Su Yu said anxiously, "Also, call He Qian and An Xiaoya. When Xiaoya comes to the house, we will discuss it immediately, which one has a very urgent financing need, and we can sell it immediately."

"Su Yu..."

Liang Bin paused, and said: "He Qian, An Xiaoya, I and I have only initially drawn up three projects that can be invested, but whether the project really has investment prospects, as well as its internal assets and financial data need to be further evaluated. And verification, it takes time, currently..."

"Send me the information first." Su Yu said, "The market's money shortage crisis broke out, and both on- and off-market financing rates have soared. In the current market, the financing channels of companies with slightly lower qualifications are basically completely cut off. But all these phenomena, I can say with certainty, are only temporary.”

"As long as the central bank's liquidity is released in the future, the money shortage crisis in the market will naturally be resolved."

"And before that, taking advantage of the company's financing into absolute difficulties, this is an excellent time for us to make an investment, because when we make a move at this time, not only will we occupy the absolute initiative, but we can also lower the company's market valuation. To a certain level, reduce our investment risk, but also make companies feel grateful to us, and feel that we are sending charcoal in time."

"Understood!" After Su Yu said this, Liang Bin had already understood, and immediately sent the project information to Su Yu by email.

Afterwards, Su Yu returned home and told Li Meng that he called Liang Bin, He Qian and An Xiaoya over.

Then turn on the computer immediately and start downloading the file.

When he finished downloading all the files, opened them and browsed them roughly, at this time, Liang Bin, He Qian, and An Xiaoya had already arrived at the door with their laptops in their hands.

Next, everyone sat at the dining table in the living room and began to discuss the three initially proposed investment projects.

These three investment projects were all selected from the projects that He Qian and An Xiaoya had contacted and investigated when they were working in Guangya Investment.

Through preliminary research and evaluation.

The investment volume of these three investment projects is all within 400 million.

"From the perspective of the urgency of financing needs, this 'New Nano Technology Co., Ltd.' is the most urgent." He Qian said, "Because of their new product line, there are several backlogs of medium and short-term loans. Due within half a month, and according to their qualifications and the current loan approval status of various banks, it should be difficult for them to get an extension or increase the loan amount.”

"It can be analyzed from the financial situation and future prospects..."

"Of the three investable projects selected by me, Xiaoya, and Manager Liang, I think this company should be ranked last."

"Its main business is the production of lithium-ion batteries. Although in a broad sense, it is still in the booming track of the 'smartphone industry chain', its performance and future development prospects are more flexible than other core industry chain businesses. , is still weaker."

"Of course, judging from the preliminary research results of Xiaoya and I on this company."

"Although its business prospects and development space are not particularly clear, its management has left a deep impression on us, and they said...the core of their product line is not the smart phone field, but the future electric In the field of vehicles, and they are already tackling key problems and developing power battery technology in this area.”

"Electric vehicles, and the future of power batteries."

"Xiaoya and I don't quite understand it, so we don't dare to jump to conclusions, but from our preliminary contact, this is a very pragmatic company."

"New Nano Technology Co., Ltd." Su Yu looked at the company's information and listened to He Qian's narration. Thinking of the wave of new energy and electric vehicles in the future, he couldn't help but feel a strong interest in this company. , turned his head to the other two and asked, "What do you think?"

"New Nano Technology Co., Ltd. is an asset-heavy manufacturing company." Liang Bin said, "Although the smart phone field is currently in a booming stage, the basic industry structure has been revealed very clearly. New Nano Technology Co., Ltd. Without a first-mover advantage, there are many competitors in the face, and it is very difficult to grow if you want to grow in the field of 'mobile phone batteries'."

"So...you are not optimistic about the prospects of this company?" Su Yu asked.

"No..." Liang Bin replied with a smile, "On the contrary, I am very optimistic about the future development of this company."

"The reason why I included this company in the scope of investment is not that I am optimistic about its current main business of 'mobile phone batteries', but the future power battery business that the boss of this company said."

"The country's investment in the new energy field has been increasing in the past two years."

"Following the increasingly stringent environmental protection conditions and the continuous advancement of national policy directions, I think the concept of electric vehicles may still become a reality."

"This company has no advantage in its main business of 'mobile phone batteries'."

"However, in the brand-new field of power batteries, it can be said that there are a few companies in China with technology accumulation and willingness to develop and produce. If the direction is right, it will be a first-mover advantage."

"Our investment should have a certain forward-looking vision."

"The two new concepts of electric vehicles and power batteries may not become a reality in the future, but when the opportunity is in front of us, we have to plan and pay attention."

"Just like 3 years ago, who would have thought that Apple could rewrite the landscape of smartphones?"

"So, I think New Nano Technology Co., Ltd., at first glance, is a traditional latecomer company without actual competitiveness, but in fact, it is a 'new energy' company that stands at the forefront of technology, dares to innovate, and is brave to innovate. For such an emerging industry company, although it may not be able to grow, it has the genes of a dark horse. With an investment of 400 million, I think it is completely worth the gamble."

"What do Miss An think?" Su Yu continued to ask An Xiaoya after Liang Bin finished speaking.

An Xiaoya thought for a while and said, "Manager Liang's idea is reasonable, but its investment risk is still quite high. The business of New Nano Technology Co., Ltd. has dual nature. The development potential of traditional business is limited, and the new driving force The future of the battery business is highly uncertain."

"This is also after He Qian and I investigated this company at first."

"The reason why the project investment plan was submitted upwards was rejected by the original company's project risk assessment team."

"My idea is that this New Nano Technology Co., Ltd. has high development potential, but at the same time, there are also great uncertainties in business development. If the company has sufficient funds, it can be invested, but if we do not have so much funds , you can only choose the best among the best, and choose companies with higher risks and future certainty to invest in."

"Among the three projects we have proposed to invest in..."

"Except for the new nanotechnology, the investment risk of the other two companies is obviously lower."

"Mingjiang Technology is a company whose main business is industrial intelligent solutions. It is somewhat similar to the main business of 'Huichuan Technology', which is currently listed on the GEM, but it is also a start-up company."

"However, the industry trend of industrial intelligence seems to be much more reliable than 'new energy, electric vehicles, and power batteries', and in the tide of 'intelligence', it should be said to be a very deterministic direction."

"Moreover, in this field, the current competition is not fierce."

"In the overall situation where industrial intelligence has just begun to develop, it is basically a very broad incremental market."

"There is also 'Tianwei Food'. Food is the most important thing in China. Food consumption has always been a relatively traditional and very broad market. This food company mainly develops in the form of single snacks, self-operated, and chain franchises. , has now reached a revenue scale of tens of millions..."

"Vote for all of them!" Su Yu said, "I see that all three companies have good prospects."

"All votes?" The three of them were stunned, and Liang Bin said hesitantly, "But our company...doesn't have so much money in the account, although the three companies currently have different degrees of urgent needs for financing, and at this time, Taking advantage of the shortage of money in the market, the financing channels of the entire market are almost broken. It is indeed a good time for us to negotiate with companies and invest at the lowest valuation level, but we also have to follow the company's basic strength. So many projects."

"The time has come, regardless of the primary market or the secondary market, we must make a decisive move." Su Yu said with a smile, "I can first lend 1000 million funds to the company, and then wait for the company to return the money and make a profit, and then borrow money from the bank." Just pay me back the basic deposit interest rate.”

Everyone was stunned, none of them thought of Su Yu's idea.

However, if this is done, the company will have abundant funds, and can completely eat these three projects in one go.

Of course, after Su Yu decided to invest in these three projects, his plan to build Cang'an Cai Paper Industry in a short period of time fell through again.

You can only use the remaining funds in your hands to build a bottom position first.

Then wait for more subsequent market changes, earn more money, and then make an idea of ​​Ancai Paper Industry.

After deciding to vote for all three projects, there is nothing to discuss about the rest.

So, everyone finished their lunch together, and in the afternoon, Su Yu transferred the 1000 million funds in his personal account to the company's public account, and then called Teacher Yao to ask her to record the account.

Then, without any hesitation...

Five people, Su Yu, Li Meng, Liang Bin, He Qian, and An Xiaoya, divided into two groups and went to Shenzhen City where New Nano Technology and Mingjiang Technology are located, and Xiangzhou where Tianwei Foods is located to discuss investment business.

And when the five people went to two places respectively...

Throughout the country, the money shortage crisis within the banking system has intensified. Bank overnight repurchase rates and interbank lending rates have continued to soar, breaking through all the way to 20%, causing extreme panic, and also arousing on-market and off-market interest rates. The whole line of the financing market was broken, and countless companies under great pressure to repay their debts fell into a cash flow crisis in an instant.

(End of this chapter)