Reborn as the youngest son of a chaebol, let's get to know his sister-in-law!

Chapter 449 Congratulations, the new richest man in the world!
On September 2008, 9, the news that Lehman Brothers filed for bankruptcy with an astronomical sum of US$14 billion was reported as urgent news through major foreign media.

Along with Lehman Brothers, Chen Daojun’s name also surfaced again.

He also gained additional benefits from the crisis.

"Master, today's press conference is really timely, haha."

Zhang Daoheng laughed happily.

“Have you seen the news reports?”

"Are you really a prophet?"

“Nowadays, a lot of nicknames are applied to you about investment geniuses, prophets, etc. Other big guys in the society always talk about nonsense and only talk about some deceptive money-losing clichés, such as buying stocks and buying houses to increase their value. And so on, but you are the only plutocrat who spoke out about the crisis and made many people keep their wallets."

"What's the use of just praising me? You have to gain something."

Chen Daojun had a smile on his face, and everything was developing according to his ideas.

The bankruptcy of Lehman Brothers also plunged the cold country's financial markets into panic.

The Korean Composite Stock Price Index and the total market value of Korean securities evaporated by 51 trillion won in one day, and the stock price of the securities industry plummeted by more than 12%. However, the only financial company whose stock price rose more than daily was Shunyang Securities.

After all, that is Chen Daojun's asset.

Zhang Daoheng glanced at Daojun.

"What do you think about a reporter's follow-up interview? Do you want to ask a reporter to try it out?"

"No, it's better to keep it a bit mysterious. The public's curiosity needs to be maintained so that they can continue to listen to my voice next time. Where is the Industrial Bank I mentioned before? Have you followed your instructions?"

Zhang Daoheng immediately took out his notebook: "Of course, I entertained the presidents and senior executives and gave some gifts, which was enough to solve this problem."

Chen Daojun nodded approvingly: "Well done, now you must do your best. The dominoes of the global economic recession are beginning to collapse. From now on, you must make all investments cautiously."

Next, the media seemed to transform into observers and researchers of the economic crisis in an instant, and overwhelming news and publicity swept in.

An article predicts that the unemployment rate in country M will soon rise by at least 10%, and Europe is no exception.

Another article said that the number of foreclosed houses in country M has exceeded 900 million, and the domestic economy of country M will be completely frozen.

If country M, the world's largest consumer, freezes, China, known as the world's factory, will also be greatly affected.

There is news that Germany's manufacturing industry is showing signs of collapse.

The number of unemployed people exceeds 200 million.

These unemployed people are workers whose monthly income is only US$7 to US$80.

When the upper class is so shaken, it is always the poorest who suffer in the end.

Wall Street's financial engineers, the main culprits of this tragedy, held another rave party on October 7000 with the help of Xiaobian's US$10 billion in government subsidies.

The government of country M acquired shares of Iger Life Insurance Company for US$1600 billion, becoming the largest shareholder, and injected US$150 billion into Goldman Sachs.

As soon as Morgan Stanley received government subsidies, it paid $140 billion in bonuses to its executives, while Goldman Sachs distributed the entire government fund to executives in the name of bonuses.

Finally, Rachel from the New York Daily took a picture of the staggering $850 billion account and sent it via email.

There is only one message in the entire text.

Harry, congratulations!
The new richest man in the world!

Before the presidential election, Country M had invested more than US$7 trillion to deal with the financial crisis and planned to inject more funds in the future.

But after all, as the birthplace of the crisis, the US dollar's status as the world's major trading currency has gradually been shaken. However, due to the gradual investment of funds by Country M, the tsunami of financial crisis seems to have stopped in Europe.

When the financial crisis and tsunami came to Asia, it was just a powerful typhoon. Many financial practitioners breathed a sigh of relief, and their inner greed was once again exposed.

As always in times of financial crisis, the rich get richer and the poor get poorer.

In response to the current situation of slowing economic growth and shrinking domestic demand, the new government implemented a large-scale tax reduction policy and relaxed financial regulatory access requirements.

Thanks to this, the chaebol group began to thrive again.

BAT Group, Chairman’s Office.

"Although I know you are not happy about it, I must remind you that maybe your plan is ruined. If this continues, only Shunyang Construction can make you rich."

Li Xuezai looked at the news in the newspaper uneasily, saying that the disaster of the financial crisis did not have a greater impact.

But the company's performance will be affected.

The company's performance is linked to his performance, how can he not be worried.

"It's a debt and credit deal, don't worry, Shunyang Construction or the construction over there in London can do whatever they want. If you want to build apartments or a shopping mall, build whatever you want."

"Dubai is great! Now that you have given all your projects to Dongji, he will definitely make money. Didn't you say that you would collapse in the crisis of Country M?"

Chen Daojun didn't want to say more to him, but just gave an analogy: "When a fruit starts to rot, it often starts from the inside. All we have to do is wait patiently."

Li Xuezai sighed: "How can we wait? If we had not withdrawn before, we would have received more than 5 trillion yuan in funds from the construction project in Dubai. But now, you have to get more than 3 trillion yuan from these two companies. A capital of more than one trillion won is considered a loss-free investment.”

However, Chen Daojun ignored this and just asked Li Xuezai to find the person in charge of the commercial bank. He had abundant cash flow and was ready to invest and spend money.

People from the commercial bank rushed over almost immediately after receiving the news. When they saw Chen Daojun, they lowered their heads as if they had seen a savior.

After some conversation, the other party tried to hide his confused look.

"You mean, you are responsible for our bank's debt, and you will fill the hole until the debt is over?"

"Don't be surprised, as long as I invest in it, this will also be our bank in the future."

The bank president said it was hard to say no.

In order to match the year-end performance and equity ratio, we have to bend our head a little further.

"President Chen, if you have any requirements for our bank, please tell us frankly and we will give you a satisfactory answer."

"Strictly speaking, I hope you will have 8000 billion in cash flow ready at any time during normal operations. I will ask for it at any time."

"I will send someone there. You want 8000 billion won, right?"

The bank manager lowered his head.

"Thank you, President Chen. I think I will definitely remember your kindness."

The bank manager bowed humbly, turned around and disappeared.

He is a professional manager who is humble to the core. He knows how to bow his head in front of rich people and gradually climbs up the ladder until he becomes the top executive of a commercial bank.

"Wall Street's greed and Washington's shirking of responsibility have pushed the people of China completely into the abyss of the financial crisis."

Washington is dominated by the financial community of Country M, just like the plutocrats rule the country of Han.The new government's "business-friendly" stance is more refined than the pro-chaebol policies that sound too blatant, and has provided a great boost to the chaebols.

Just as the Ministry of Finance of Country M lifted its grip on Wall Street, the ZF relaxed various regulations and turned the country into a construction site for massive construction.

While the real economy bottomed out, the construction industry ushered in indescribable prosperity.

Faced with Chen Daojun's words: "Our construction company will become larger in the future."

Li Xuezai did not refute this time. Facts speak louder than words.

"Your previous prediction was correct. There are already signs. It is obvious that the price of apartments built in London has hit the bottom line of the maximum sales price required by the government for apartments."

"How do you know that the money that was supposed to come in from Dubai didn't come in?"

"It's like this. The local atmosphere in Dubai is really bad. Local companies are in a state of suffering. Construction companies in Europe are struggling. It seems that many of them have been forced to be sued in court. The situation, you don’t know, the economy in Dubai is also in a mess. If you get a project in Dubai and advance the funds yourself, it will be over and you won’t get a penny.”

Li Xuezai sighed with emotion: "Now I have to believe what you say. Our BAT must also be strong so as not to be swept away by the sandstorm."

"Relax, trust me, building in London, that's going to make a fortune."

Li Xuezai sighed at Chen Daojun's confidence, and the expression on his face lit up.

Chen Daojun played with the documents in his hand and suddenly said:
"When the time comes, my second uncle must be very anxious now and wants to get rid of this project in Dubai immediately!"

"That's for sure. We can't get the money. The project has been built halfway, and now it's suspended. According to the laws there, workers have to be paid during the shutdown. Dongji should have a huge headache!"

"That's right. Now, go contact him and ask him if the project can be transferred."

This is the second stage that Chen Daojun envisioned before, and Chen Dongji will definitely not refuse.

If this continues, Chen Dongji won't be able to bear it!

After all, the Dubai project has drained his cash flow, and the current project is not only a gold-swallowing behemoth, but may also fail to collect money. What's the big deal?

"Are you sure you want to accept his project? Not at the original price? How much can you give?"

Li Xuezai really wanted to persuade Dao Jun not to be impulsive. That's not how bargain hunting works. Instead of taking over now, which is so risky, it would be better to wait until Chen Dongji can no longer hold on, and then send someone to communicate with him, which may cost less.

But what he didn't know was that the construction crisis of the Burj Khalifa would soon turn around.

The standard that Chen Daojun finally set for him was 40% of the acquisition fee, and he did not care about the initial investment.

Li Xuezai left with a lot of worries.

The main conference room of Shunyang Construction has been occupied by Dubai issues for more than a month.

There was a lot of noise every day.

It's not just accumulated fatigue that darkens their skin over time.

A vice president with heavy dark circles under his eyes suggested: "Vice president, if construction continues in this state in the fourth quarter, then we should simply stop all work."

"The bank also said that it was difficult to mobilize funds, maybe it was feeling a crisis."

This is a fact that the vice president already knows.

Although Chen Dongji frequently flies back and forth between Dubai and H City for scheduling work.

But the construction of the Burj Khalifa is terrible.

European companies appear to be ready to store funds to deal with the economic crisis.

"How about we just package the project and sell it again? There's nothing in the contract that says we can't change the contractor."

Although I am very reluctant to give up, if I subcontract, it will be a waste of all the resources and efforts invested so far.

The biggest question now is how far we can stop the loss.

To accurately know this unknown number, we need to establish negotiations with our customer Dubai World and compete for interests with real swords and guns.

Dubai is simply unable to deal with the situation that occurred when construction in Shunyang was suspended.

The buildings that have been built are nothing more than giant piles of concrete.

A world-class city is well planned, but the problems encountered during its actual operation are simply unimaginable.

Moreover, Dubai has refused to pay other than 10% and has not solved the problem. This means that Shunyang Construction must endure extreme economic difficulties during the period between receiving funds and resuming construction.

However, in this state, the company can quickly run into financial difficulties.

Chen Dongji closed his eyes in pain and sat motionless in his seat. After a long time, he opened his eyes and seemed to be ten years older: "Taijun, you come to simulate the situation of stopping construction from now on."

"Yes."

Jin Taejun was startled.

My uncle was never called by his name in the company. He was always called by his title before.

What's going on today?
Chen Dongji continued to explain: "The simulation process must be accurate. You must calculate the clear cash flow. Even if it is only ten won, don't make a mistake."

"I understand, Vice President."

After the explanation, Chen Dongji nodded and asked his secretary:
"There is Chief Bai over there in Dubai, right?"

"Yes."

"A warning to the Dubai side that if we don't pay according to the work volume as soon as possible, we can withdraw at any time."

On the other side, Li Xuezai has arrived in Dubai.

To most people, Dubai is a place of extreme wealth.

Going to the hotel from Dubai International Airport, the night view of Dubai seen through the limousine window does not make you feel like you are in the desert.

The splendor everywhere indicates that this is a paradise for the rich.

Seeing Li Xuezai unable to take his eyes away from the night scene, Chen Daojun clicked his tongue.

"Since you start getting off the plane, it's like the redneck process, that's the power of money, people in Dubai have turned numbers into reality, but we can't build a city like this because I don't have that much oil, but we can recognize Work hard to build this tower and make it a landmark building here."

Li Xuezai looked at Dao Jun's serious expression and waved his hand.

"Look, the walls over there are all plated with gold. I was just thinking, how wasteful is this?"

"Why, how are you? The people here are so poor that they only have money. When people have a lot of money, they should have some fun. The gold they bought can be used on the house. It is not a waste."

Daojun has already begun to picture the Burj Khalifa in his mind after it is built.

(End of this chapter)