The youngest son of the chaebol family, Hu Mou Xianmin

Chapter 114 Chen Huarong's Decision
"President Chen, since you said so. Then I might as well tell you a few honest words." Wu Shixian looked at Chen Huarong in front of him and said with a somewhat serious expression, "In Bangzi Country, there is no precedent for a woman to be in charge of a chaebol. We Even if you are helped to rise to power, it will inevitably arouse dissatisfaction and opposition from many people. And are you really capable of suppressing all those who oppose you? Including your eldest brother and second brother?"

"...I can do it!" Chen Huarong felt a little guilty when he heard Wu Shixian's doubt.She has also considered this point before. In Bangzi Country, the status of women is generally lower than that of men. If you want to sit in a high position, you must be strong enough and have the support of a big man behind you.

However, she was so stimulated that she couldn't take care of so much anymore, she just couldn't be reconciled, obviously she worked hard to manage Shunyang Department Store, and the annual revenue continued to increase.But just for Chen Yangji's words, he has to spend half of the revenue to fill the mess left by Chen Yongji. Why, because he is the eldest son and will inherit Shunyang in the future, so he doesn't have to bear the responsibility ?She refuses to accept it!
"President Chen, I have a suggestion. Instead of trying to win the chairmanship of the Shunyang Group, we should focus on making Shunyang Department Store bigger!" Wu Shixian suddenly put forward a new suggestion, "With the current Shunyang With the strength of Yang Department Store, coupled with the help of our Miracle Group, it is not difficult to become the number one in the retail industry in Bangzi Country. By then, we can accumulate enough funds and develop horizontally. Become a new group like Jinhai Shipping and Hanjin Land Transportation!"

"...Is it really possible?" Chen Huarong was a little dumbfounded. Will Shunyang Department Store be developed into a new group?Based on her strength, is Wu Shixian sure he wasn't joking with her?
"Of course! You might as well reveal it to President Chen. According to the news we have received, financial giants on Wall Street will soon launch a sniper attack on Bangzi Country! Based on the previous situation in Taiguo, I speculate that Bangzi Country may not be able to withstand it! At that time, those companies and even chaebols that are heavily in debt are likely to face bankruptcy. And this is not only a disaster, but also an opportunity!" Wu Shixian said meaningfully.

Since this woman, Chen Huarong, is so ambitious, follow the orders of the boss, Chen Daojun, to help her up and let her fight with the two Chen family brothers.They can also take advantage of Shunyang Department Store to secretly control more companies and even chaebols, so as to achieve the grand goal of devouring the wealth of Bangziguo and building a business empire.

This time, the sale of stocks and assets by Miracle Group attracted the attention of the officials of Bangzi Country, which made them realize that Miracle Group has now reached a large scale, and any slight disturbance will attract the attention of all parties.In order to be able to act conveniently in the follow-up, it will be much more convenient to set up a few more "small accounts".

In the end, Chen Huarong still chose to cooperate with Miracle Group to turn Shunyang Department Store into a new chaebol. She wanted to make her father Chen Yangji regret his previous decision!

……

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On Wall Street, Quantum Fund has started making big moves again.It’s still a familiar formula and a familiar method, but this time the target of the sniper is not Taiguo, but Bangziguo, one of the “Four Asian Little Dragons”!The senior management of Quantum Fund, who were still hesitant at first, learned that several major overseas creditors of Bangzi Country were unanimously seeking debt from Bangzi Country. Quantum Fund no longer hesitated and directly gathered a group of allies to start shorting the South Korean won.

Originally, they were still negotiating with Sun Nation, trying to repay part of the loan first, and repay the rest in installments.It's just that before reaching an agreement with the Sun Nation, the shocking news came first!International speculators headed by Soros and Quantum Fund began to borrow and sell Korean won frantically, and continued to attack the fixed exchange rate between Korean won and US dollar.

The international futures market also received a large number of bearish futures contracts on the Korean Won in a short period of time.The official representative of the Sun Country, who was still arguing with the Bangzi Country, did not hesitate anymore and ran away with part of the loan repaid by the Bangzi Country.If we don’t get this loan now, God knows whether Bangzi Country will be able to get it later!
……

Aware of the menacing international speculators, Bangziguo also tried to resist tenaciously, but soon they discovered that the funds mobilized by the other party were too much, and with the help of a large amount of borrowing and leverage, the remaining Bangziguo More than half of the foreign exchange reserves of more than 300 billion U.S. dollars were quickly consumed.At this time, the Sun Country, the Beautiful Country and other overseas creditors still did not forget to sprinkle salt on the wound, for fear that the government of the Bangzi Country would be collapsed by international speculators, and there would be no money to pay back.

Under such circumstances, foreign capital who sensed the bad situation sold their assets in Bangziguo one after another, and even exchanged their Korean won for the US dollar, the international currency. The exchange rate of the Korean won has plummeted due to the impact of the economy. Most of the foreign capital was exchanged, and South Korea's foreign exchange soon bottomed out.

Without the support of the government, the South Korean won could not withstand the pressure and collapsed completely. All the people of Bangzi Country did not expect that Bangzi Country, which was prosperous a year ago, would go bankrupt in less than a year!It's like a fucking dream!It wasn't until the official representative stood in front of the TV and announced that the country's debt crisis had broken out, that the country was unable to repay, and that the country was declared bankrupt was broadcast, did everyone believe the bad news!
Devaluation of bankrupt currencies is good for exports, but rapid devaluation and plummeting commodity values ​​are a disaster. In addition, currency devaluation triggers inflation.In less than a month, exports were affected and factories closed down in large areas. Many people were already facing unemployment and their lives were unsustainable. Under inflation, prices soared, making the people even more desperate.

Realizing that the situation was getting more and more serious, the government of Bangzi asked the IMF for help, but the other party put forward some extremely demanding requirements, including acquiring shares in many large companies in Bangzi, more stringent military garrison, and reforming according to the design of the IMF. Refers to measures to control the economic lifeline of Bangzi country.

How could Bangzi Country, which claims to be dignified and strong, agree to such a humiliating and humiliating aid condition? The representative of Bangzi Country directly rejected the IMF organization.The undeterred Bangzi Country turned to the neighboring Sun Country for help with faint hopes, but the Sun Country, which has already realized that the international speculators are menacing, dares to come out and pretend to be garlic?She huddled in the four islands and refused to come out at all.

……

Miracle Group, remote video conference room.

"Chen, this time the Quantum Fund led by Soros attacked Bangziguo too suddenly. It was too late when we followed up, and we didn't make more profits." Eric said a little frustrated in front of the camera.

"It doesn't matter. Didn't we snipe Lubin and Indonesia on our own before? There are still other countries that can snipe, and we still have a chance!" Chen Daojun was already prepared for Soros's successful sniper attack on Bangzi Country. After all, it only has more than 300 billion. It is impossible for a foreign exchange-dominated country to withstand the crazy short selling of so many foreign capitals, and collapse is only a matter of time.

(End of this chapter)