Winning the new financial era

Chapter 334 The Rise and Fall of the Chaebol
After the two left the Indonesian office of Standard Chartered Bank, Huang Hongnian comforted Zhang Yida, "Don't be discouraged! Winster is just asking for a price!"

Zhang Yida nodded, "The quotation of 27 billion US dollars is indeed too high! I can still accept less than 20 billion US dollars."

Huang Hongnian shook his head violently, "I think $20 billion is too high, but with a price-earnings ratio of 5 times, $13.5 billion is more appropriate.

Indonesia's credit reporting system is very imperfect, and bank performance fluctuates greatly.

The non-performing loan ratio of China's banking industry is only a few percent, while the non-performing loan ratio of Indonesia's banking industry is 2-3 times this figure.

The price-earnings ratio of many banks in China fluctuates at 4-6 times for a long time. Indonesian banks are so bad, why do they require a price-earnings ratio of 10 times? "

Zhang Yida felt a little funny when he heard the 68-year-old man complaining righteously beside him.

But people have a good starting point, and they are so enthusiastic about helping themselves.

But there is no such thing as a free lunch in the world, Zhang Yida was thinking, the matter has been facilitated, how should he thank Huang Hongnian?

In terms of money, he still has a net worth of 20 billion US dollars.It seems that he can only give him some gifts that he likes.

"Where are we going next?"

Huang Hongnian smiled and said, "Jardines!"

"Which one started selling opium?"

Huang Hongnian nodded, and said with emotion: "Yes, that's right, it's them. The former name of Jardine Matheson was Jardine Matheson, which was founded in Guangzhou, China in 1832.

From the beginning of its establishment, it has been engaged in the opium and tea trade.

When Lin Zexu banned smoking in 1839, William Jardine, the founder of Jardine Matheson, personally lobbied the British government in London to start a war with the Manchu Qing Dynasty, and also advocated the acquisition of Hong Kong from the Qing Dynasty as a trading base.

After the first Opium War, Jardine slowly began to make a fortune.

In addition to the opium trade, it also began to engage in diversified development, investing in the construction of railways, docks, various factories, mining, shipping, banking and other industries in mainland China and Hong Kong.

After two centuries of prosperity, until 49, most of their assets and businesses in mainland China were nationalized by our party. "

Speaking of this, Huang Hongnian suddenly burst out laughing, "If our party hadn't wiped out this blood-sucking leech lying on the Chinese people, it might not even know that it is a trillion-dollar company."

"Even if the business in mainland China is gone, relying on the business in Hong Kong and the early accumulation, it will be included in the world's top [-]!"

"Yes!"

Huang Hongnian shook his head and sighed, "Hongkong Land Group, Dairy Milk International, Mandarin Oriental Hotel Group, Jardine Pacific, Jardine Motors...many well-known companies are under their control.

By the way, they also own the Renfu Mercedes Benz 4S chain store in mainland China, and they are also the largest shareholder of Yonghui Supermarket. Zhongsheng Automobile Group also has a shareholding. 711, Pizza Hut, and IKEA are also related to them, whether it is a joint venture or an agency authorization.

Jardine Matheson Group ranked 277th in the world's top 40 last year, employing 400 employees, with a revenue of nearly [-] billion US dollars.

However, William Jardine had done too many wicked things. He had no children in his life, and his family property was all cheaper than that of his sister's son, who was his nephew.

Henry Keswick, chairman of Jardine Matheson Group, is the great-grandson of his nephew. "

On the way to the airport, Zhang Yida and Huang Hongnian took the same car, and continued to chat about the Jardine Group.

"There are two founders of the Jardine Group. Besides William Jardine, there is another named James Matheson."

Huang Hongnian continued: "This descendant of Matheson is also very remarkable. His nephew founded the Rio Tinto Group."

"Fuck, the mining one?" Zhang Yida asked in amazement.

Huang Hongnian didn't speak, but nodded slightly.

"It's another fucking Fortune 400 company with an annual revenue of more than [-] billion U.S. dollars. It is one of the world's three largest mining giants and one of the world's largest iron ore suppliers."

Zhang Yida said indignantly: "Why are all the ancestral graves emitting green smoke? Did you find a Feng Shui master to choose a treasured land for them when you came to China to sell opium?"

Huang Hongnian laughed loudly, "It's not that mysterious! In the final analysis, the family wealth accumulated by selling opium is enough, and the future generations can also live up to it."

"Rio Tinto's main iron ore mines are all in Australia. A few years ago, together with commercial espionage, it made a lot of domestic steel companies!"

Speaking of this, Huang Hongnian was also very angry, and directly scolded: "The idiot pig is in power, and more than 7000 billion yuan were killed by others!
If the great leader is still there, these people will not be shot ten times! "

Zhang Yida expressed his helplessness, the Rio Tinto case was quite a big deal, the iron and steel employees were bought, and the international mining giants led by Rio Tinto had a clear understanding of the steel company's iron ore demand.

When Rio Tinto said it wanted to raise your price, you couldn't resist even a little bit.

Then the fact is that China Iron and Steel Corporation has no right to speak in negotiations, and is led by the nose every time, and it is not known whether the unjustified money spent has been passed on to the housing price.

Because the real estate industry still has a large demand for steel, a lot of steel is used in building houses.

In addition to buying internal personnel of Chinese steel production units and sending internal personnel to all steel mills in various places for investigation.

Rio Tinto has also "poached" government public relations personnel, Chinese steel experts, and Chinese mining experts with high salaries from major steel mills and government departments across the country.

These people are very familiar with Chinese steel companies, and are very familiar with relevant steel companies and government departments.

This method is similar to that of compradors more than 100 years ago.

However, we don't seem to have made much progress and guarded against it.

In addition to these fancy means, mining giants often release:

Heavy rains forced the closure of iron mines, iron ore trains and terminal operations.
Australian mines were hit by floods, ports were affected, mines were forced to cut production, and so on.

If this is not enough, use the final trump card to "break the confession"!
If you don't buy it, I will sell the ore originally intended for you to other countries.

The reality is so cruel, who told our country to lack these natural resources?
Your ancestors didn't leave you any colonies, but there are quite a few messes.

"I said, Uncle Huang, you are already old, and you are more excited to hear about this than a young man like me."

Huang Hongnian cursed and said: "How can I not be excited! Although I am not Chinese, I have always regarded myself as a Chinese in my heart.

No Chinese can bear to hear such things.

The most irritating thing is the few Australian Chinese employees of Rio Tinto. "

Zhang Yida nodded in agreement, and then scolded: "Hu Stai, shame on our Beijing University, shame on the Department of History.

I was also a little unlucky, not only in the same university as him, but also in the same department. "

"Feng Lun and the richest man Wang from mainland China even went to meet Henry Keswick, chairman of the Jardine Matheson Group, and it makes me sick to think about it.

He also wrote an article to cleanse the descendants of drug dealers, talking about entrepreneurship!Pooh, it's a thing that forgets one's ancestors! "

Huang Hongnian completely opened up the chatter box and turned on the troll mode.

Zhang Yida laughed and said, "Yes! The Qing Dynasty has been destroyed for more than 100 years, and the braids in my heart haven't been cut yet."

"Hey, by the way, shouldn't the shares of Atlas be in the hands of the Xie Jianlong family?" Zhang Yida remembered that the Xie family seemed to be a top chaebol.

Huang Hongnian shook his head, "There are many things you don't understand! Let me tell you about this matter slowly!

Xie Jianlong was born in West Java, Indonesia in 1922. He is the seventh generation of Fujianese who settled in Indonesia.

After the death of both parents, at the age of 17, he took a bicycle inner tube and went to the capital Jakarta alone to make a living by repairing bicycles and buying waste newspapers.

He earned his first 10 dong in his life by developing a small stove for tire repair and baking glue, and then opened a small grocery store.

As a result, in 1942, the grocery store was ransacked by the Japanese army, and he was imprisoned for half a year.

After surviving the war, he built a small tannery by building a small leather factory to process leather bags, leather shoes and other products, but it closed down because of the people's poverty and lack of demand.

When he was [-] years old, the current situation was stable, and he did import business with his friends, but was plotted against by his partners and lost the ownership of the company.

War, bankruptcy, betrayal... All the bad luck that a businessman does not want to face has happened to him.

But he persevered and continued to work hard in the mall, but he never encountered any good opportunities.

After 1967, when Indonesia started comprehensive economic construction, he seized a golden opportunity.

He won the government's five-year transportation supply contract, including trucks, vans, cars and tricycles, totaling more than 5 million vehicles.

This transaction brought a total of more than 2 million US dollars in profits to his Astra Group, and became the cornerstone of Xie's business empire.

In the late 70s, Astra officially became the largest car dealer in Indonesia, occupying 60% of the market share.

By 1991, Astra had become a huge business empire with more than 90 branches, 3 employees, and total assets of 36 billion US dollars.

In addition, the Xie family owns hundreds of other companies.That year, Xie Jianlong became the fifth richest man in Southeast Asia with a personal wealth of US$15 billion. "

Zhang Yida listened with gusto, and commented: "These founders of the Southeast Asian chaebol families of the older generation are indeed all remarkable, and they have their own merits!"

"Yes! He is a romantic person!"

Huang Hongnian agreed, and then went on to say: "But Atlas is broken by his son Xie Hanshi!

After Xie Hanshi took over from his father's class, he once showed his extraordinary talents in capital operation and fund-raising ability.

Founded Suma Bank, became one of the top ten private banks in Indonesia within two years, and became a major financing channel for their family business.

With Suma Bank as the capital pool, continue to use high leverage to fission a series of companies including insurance, securities, leasing, and investment.

By 1990, the Suma Group, which had only been established for two years, had as many as 70 subsidiaries, and it was likely to catch up with Astra.

For a while, Xie Hanshi even overshadowed his father Xie Jianlong in the limelight, which attracted the attention of Indonesian political and business circles.

But like me, he is not good at the specific operation of the enterprise.

Because money comes so easily, he spends it less prudently.

It is often land that can be bought for 200 million dong, but he sold it at double the price, and he was impatient with project evaluation, so he bought a bunch of unprofitable assets.

Even if it is a good project, there is no long-term consideration, and the talents and management cannot keep up.

In 90, Indonesia started an economic storm. After two years of irrational prosperity in private banks, the bubble emerged.

The accumulation of risks has made the government start to be vigilant, and stepped on the brakes to implement the financial tightening policy.

This series of changes took Xie Hanshi by surprise. The chain reaction caused the loans issued by Suma Bank to be delayed, while the huge foreign debts he owed came due in batches, and eventually he became insolvent and faced crisis.

At that time, Suma Group's non-performing assets and losses exceeded US$10 billion, and its liabilities exceeded US$8 million.

Facing the out-of-control situation, Xie Jianlong finally came forward, and successively spent about 3.6 million U.S. dollars in emergency relief from Astra, and announced the sale of part of Suma's assets in exchange for funds.

But under the liquidity crisis, everyone is short of money, and no one is willing to take over.

In order to keep Suma Bank, Xie Jianlong had to sell nearly 70% of the Astra shares held by his family, leaving only 8.2%.

But even so, Xie Jianlong was still unable to turn the tide.

Due to the fact that some people made troubles and made trouble secretly, the process of selling shares lasted for more than a month. When Xie Jianlong finally obtained liquidity, what he waited for was that the debt of Suma Bank was overdue.

In the end, Suma Bank's business qualification was revoked and it had to declare bankruptcy.The achievements of Xie Jianlong's years of struggle have also been in vain.

Since then, although the Xie family has gradually risen by relying on industries other than Astra, it is even more difficult, or even impossible, to regain its former glory after its vitality has been severely damaged.

In 2010, the 88-year-old Mr. Xie Jianlong finished his life with regrets. "

After Zhang Yida heard it, he was very emotional. I was tricked by my son, and in order to save his son's property, he also took his own family property into it.

"People, you have to learn to recognize yourself!"

Huang Hongnian sighed: "I did industrial integration in the mainland back then, and after leaving a lot of chicken feathers, I knew I was not made for industry.

So the Jinguang Group gave my eldest brother, and I should honestly engage in some speculative business!

The loss is only to oneself, so as not to implicate the family! "

This level of awareness is high!

Zhang Yida gave a thumbs up and said, "Old Huang, this is you!"

"I tell you so many stories because you are young, and now you are starting to get involved in the financial industry on a large scale. Let me remind you: keep a clear head at all times! Don't be blindly arrogant!"

Zhang Yida nodded heavily, these are lessons from blood and tears!You really have to study hard.

In this way, Zhang Yida and Huang Hongnian arrived at the airport laughing and cursing all the way, and took the nearest plane to Hong Kong.

(End of this chapter)