Travel through the Qing Dynasty and become emperor

Chapter 478
There was no sound in the auction hall, everyone's eyes were on Qiao Zhiyong's bid card, everyone was stunned by the number on it, even the most active auctioneer in the audience stared blankly at the bid card.Maxson, who was still smug just now, was already sweating profusely at this time. After staring at him for more than ten seconds, he finally lowered his head in frustration and left the VIP box with his assistant. He knew that from here From that moment on, all competitions ceased to exist, and he was helpless in the face of such numbers, so he had no choice but to admit defeat.

Qiao Zhiyong's last quoted price was: one billion US dollars!

As the auctioneer said, this is an auction full of suspense and miracles. The biggest miracle of the audience was born in the last auction item, and it also created the highest transaction record for a single transaction in the world auction history. .People are no longer interested in the ownership of this project. What they want to know most is, who is this Chinese, this unremarkable Chinese?

After a long time, the auctioneer woke up, let out a long breath, and said, "Ladies and gentlemen! I think there is no suspense at this price. Now I announce that the post-earthquake reconstruction project in downtown San Francisco has been sold." !"

The audience erupted into warm and prolonged applause. Even though today's ten auction items were all in the pockets of the Chinese people, and no one got anything, everyone was convinced that they lost.

The auctioneer said excitedly: "Sir, I would like to ask about your first and last name. I think this is what everyone present wants to know. If you don't mind, can you tell everyone."

Qiao Zhiyong tidied up his clothes, stood up unhurriedly, cupped his fists at the people present, and said loudly, "It's the first time for Qiao Zhiyong to come to the United States in Dadetong, Shanxi Province. Please take care of me."

All the people on the field exclaimed, isn't Qiao Zhiyong the Chinese businessman who has been widely reported by the American media?Some people have said that the wealth of the world is in China, and the wealth of China is in Shanxi. Who doesn't know that there are several big businessmen in Shanxi who are as rich as the country, but these people have never appeared in the media. In the eyes of the world's business people, Shanxi, China is a place full of gold, where there are hidden powerful Chinese businessmen, but no one has an accurate estimate of the real strength of these businessmen, just like people don't know how much wealth the Rothschild family has.

The auction soon became a hot spot that the American media rushed to report, and it even surpassed the political activities of the White House at one point.

Guan Xuqing understood the news immediately, and did not give a positive comment on Qiao Zhiyong's behavior, but murmured: "Sure enough, I didn't misjudge this person."

After a while, he asked Sheng Xuanhuai again: "Is the money ready?"

Sheng Xuanhuai was full of displeasure, and complained to the emperor: "Your Majesty, this Qiao Zhiyong is too courageous, he dared to ask such a price without permission, a billion dollars, this is definitely not a small amount. A while ago We repaid the Rothschild family with a loan of 10 billion pounds, so the Imperial Investment Bank is almost wiped out."

Guan Xuqing was very dissatisfied with Sheng Xuanhuai's petty thoughts, and said with a serious face: "Xingsun, I found that the more money you have as the minister of commerce, the more petty you become. I said that you, the minister of commerce, are not only To manage money well, the more important thing is to use money well. There is a reason you must understand that sometimes, money can give birth to money. Money is alive when you use it well, and it can earn money for you. More money, if it is not used well, it will become dead, and it can only be left in the treasury to rot. The reason why I value Qiao Zhiyong is because he cares about the people's loyalty to the court, and secondly, he has a good fortune, and Being able to manage business with Confucianism is quite the style of everyone. What does a businessman do? He deals with money all day, and it is easy to be contaminated with the stench of money. Putting righteousness at the top of the list is really rare. I see that he will become a great weapon in the future, so I entrust him with the task of acquiring American industrial and commercial projects. I have promised him that money is not a problem. What we want is those projects. As long as those projects are in our hands, Xingsun, I can tell you without exaggeration that the lifeblood of American industry and commerce will be completely in the hands of the empire in ten years. This is not only a kind of commercial investment, but also A political investment."

"The U.S. financial industry is the most mature industry in the world, but it also has three well-known flaws. The most important one is housing loans: First, the improper real estate financial policy in the U.S. has laid the groundwork for the crisis. Residents have His house was once a part of the American dream. During the Great Depression of World War II, the domestic demand in the United States was sluggish. One of the decisions of Roosevelt’s New Deal was to establish Fannie Mae to provide housing financing for the people, help people buy houses, and stimulate domestic demand. Later, the United States set up a real estate tax with a scale equivalent to that of the real estate tax. Although "F&F" is a privately held company, they enjoy the privilege of implicit guarantees, so the bonds they issue have the same rating as the US national debt. Since the end of the last century, under the circumstances of loose monetary policy, asset securitization and accelerated innovation of financial derivative products, the scale of implicit guarantees of "two rooms" has expanded rapidly. The mortgage loans and mortgage loans directly held and guaranteed The collateralized securities exploded from $1905 billion in 740 to $4900 million at the end of this year. In the process of rapidly developing the business, the two companies ignored the quality of assets.”

"Second, the "abuse" of financial derivatives has lengthened the chain of financial transactions and fueled speculation. "F&F" purchases loans with poor liquidity from commercial banks and mortgage companies, and converts them into bonds through asset securitization in the market It is sold online, attracting financial institutions such as investment banks to purchase, and investment banks use "superb" financial engineering technology to divide, package, combine and sell them. In this process, the initial loan of one yuan can be enlarged to A few yuan or even more than ten yuan of financial derivative products, thus lengthening the chain of financial transactions, eventually no one cares about the real basic value of these financial products, which further encourages the occurrence of short-term speculation. But speculation is only Greed is the essence. Take Lehman Brothers as an example. Its research ability and financial innovation ability are world-class. No one understands the meaning of risk better than them. However, it cannot escape the doom of collapse. The reason The reason is that the management and employees of Lehman Brothers hold about one-third of the company's stock, and only know how to speculate wildly to make money, and less consider the interests of other shareholders."

"Third, the U.S. monetary policy has fueled the flames. In response to the bursting of the economic bubble, the Federal Reserve lowered the federal funds rate three times in a row to the lowest level in history, and stayed at 3% for a year. The low interest rate has prompted the American people to The use of savings to invest in assets and excessive bank loans have directly contributed to the continuous expansion of the US real estate bubble. Moreover, the Fed’s monetary policy has also "induced" the market to form an expectation that as long as the market is in a downturn, it will definitely rescue the market, so the entire Wall Street was filled with speculative atmosphere. However, when the monetary policy continued to tighten, the real estate bubble began to burst, and the default rate of the low-credit class rose first, and the resulting default frenzy began to sweep all financial institutions eager to make money and ambitious.”

Guan Xuqing's big talk on finance made Sheng Xuanhuai confused, but he didn't know that the emperor's major in another time and space was finance.

Wall Street (Wall Street) is the name of a street in the south of Manhattan, New York City. It is no more than one mile long and only [-] meters wide.It is home to some of the major financial institutions in the United States.

Wall Street is a transliteration of the English "Wall Street".During the Dutch rule, a defensive wall was built here.After the British drove away the Dutch, they demolished the wall and built the street, hence the name.The Federal Hall on this street was once the seat of the first Congress of the United States, where the first President Washington was sworn in. Today, a statue of Washington stands in front of the gate to commemorate this event.However, Wall Street as a political center is only a short moment, but as a financial center, it has always been brilliant and enduring.

Skyscrapers have been erected on both sides of Wall Street for a long time. The streets are like canyons, and you can only see a line of sky when you look up.Countless big banks, trust companies, insurance companies and exchanges all stop here.Thousands of white-collar workers flock here to work every day.The financial giants living in the suburbs don't have to suffer from traffic jams.They fly to and from get off work, and the heliport is located on the East River not far from the east end of Wall Street.

Wall Street houses the headquarters of the New York Stock Exchange, the American Stock Exchange, investment banks, and municipal securities dealers, trust companies, the Federal Reserve Bank, utilities and insurance companies, as well as commodity exchanges such as cotton, coffee, sugar, and cocoa. Place.Wall Street is a symbol of high concentration of finance and investment.

In Room 9 of Jinshan Hotel.

"Boss, now we have photographed ten large-scale industrial projects in one go. The next step is to go back to China and report to the emperor, or is there any new action?" Yan Weifan asked Qiao Zhiyong while eating American butter bread .

Before Qiao Zhiyong could answer, when the door opened, Ma Gongfu, Ma Xun, and Gao Yu walked in resentfully with a few green onions in their hands, and complained as soon as they came in: "He, we wanted to go to the street to buy some. I can eat something, but I walked all over the street, and I didn’t even have a bean curd fritters, all of them were bread, or some sausages, one bite would choke people to death! I searched for a long time, I just bought these scallions from a shop run by a Chinese. The boss also said that Americans don’t eat onions. The ones they eat are called onions, which are completely different from the onions we eat. We are curious. , I bought two onions and ate them, what the hell, it can choke people to death! No wonder foreigners have yellow hair, blue eyes, and the food they eat is different. Can he look good after eating this kind of thing? "

(End of this chapter)