My 1999

Xu Liang picked up his phone and called Peng Zhiyu.

The call was quickly connected.

"Mr. Xu?"

"Mr. Peng, I just read the information of JAC Motors again. It says that JAC has a medium-to-large car called "Bin Yue", which will be launched soon?"

"Yes. ... JAC has great ambitions in the passenger car market. In addition to the corresponding medium-to-large "Bin Yue", there are also entry-level "He Yue", small car "Tong Yue", and micro car "Yue Yue".

"Haha, the ambition is indeed not small. Counting Ruiying and Ruifeng, almost all passenger car models are complete. But greed for perfection is not a good thing." Xu Liang said slowly.

"What do you mean...?"

"Has Binyue been scheduled for production now?"

"When I was researching at JAC, I heard that they had already arranged it. The first batch of 500 vehicles is now halfway completed. It will be sent to car dealers in September and officially released to the public in November."

After Xu Liang pondered for a moment, "From the information, although this car has a good chassis and a good sense of control, its fuel consumption is too high. I'm afraid it will be difficult to have a market.

After it goes on the market, if everything I said is true, you immediately ask the marketing department to do research, integrate user opinions, and solve the problems of 'Binyue', especially the problem of high fuel consumption."

"Understood."

"Also, although Ruifeng and Ruiying are very successful, success only means that we have a good start and have a certain foundation in the field of passenger cars, SUVs and commercial vehicles. It does not mean that we can always enjoy success.

So, after the acquisition of JAC is completed, you immediately ask the design department to improve the design of 'Ruifeng' and The defects of the ‘Rui Ying’ are developed into new models.

As for the three models, Heyue, Tongyue and Yueyue, when the ‘Binyue’ can sell 10,000 units a year, we will consider researching and developing them.

Lao Peng, my requirements are very simple.

Take one step at a time and lay a solid foundation.

Either don’t do it, or do it well. ”

“Don’t worry, Mr. Xu. I will personally take charge of the research and development of new models.”

“Lao Peng, I recognize your ability. Although Torch has encountered many problems in recent years, I have seen the company’s progress in its main business, especially the truck business.

Now Torch has gotten rid of the relatively small-scale garden machinery and power tools, and the auto parts business has also been sold.

In the future, I will devote myself to the big automobile industry.

What you can achieve in the end depends on you. ”

“Don’t worry, Mr. Xu. I, Peng Shengyu, will definitely live up to your trust.”

“I’m waiting to see your results.”

After a few more words, Xu Liang hung up the phone.

JAC is a factory with a lot of background, especially in the field of automobile chassis, with a solid foundation and strong technical capabilities.

This is also the reason why they can quickly open up the market in the field of commercial vehicles and SUVs.

After taking over JAC, with its background blessing.

It is not so difficult for Torch to enter the passenger car market.

Considering the gains and losses of the transaction, Xu Liang shook his head slowly.

JAC has a good foundation. After being rectified by Peng Zhiyu for three years, Torch still has some problems of corruption, but the overall direction is still good.

The combination of the two parties can be regarded as complementary advantages.

In Torch's truck business, heavy trucks are an advantage, but medium and heavy trucks are also good, but light and micro trucks have basically no presence.

But this happens to be JAC's strength.

In addition, JAC's acquisition also fills the gap in Torch's bus business.

JAC Bus has a total sales volume of nearly 4,000 in half a year, and Yutong, the first place, has only less than 300 more sales than it.

The gap is very small.

The experience Torch has accumulated in the truck field, as well as sales channels, key components, etc., can also help JAC develop in the truck field, especially in the field of heavy trucks.

JANGGER heavy trucks are also good products, especially in terms of fuel saving.

Finally, there are passenger cars.

Torch is blank.

JAC has laid a certain foundation.

After the combination of the two parties, the new Torch Automobile Group will have three major business segments.

Engineering machinery mainly based on "Xugong"; trucks mainly based on "Torch", and passenger cars mainly based on "JAC".

Compared with the previous Torch Group, Torch's business segments are now more concentrated, basically concentrated in the automobile category.

Although there are many types, some key components can be interchangeable.

This can effectively reduce procurement costs in all aspects, reduce expenses, and increase revenue and profits.

Dongdong...

There was a knock on the door.

"Come in."

Sun Mingzhen pushed the door and walked in.

Her fluffy hair hung casually behind her head, and a light pink scarf was tied around her slender and tender neck.

She wore a long-sleeved shirt with a black edge on her upper body. With her full figure, you could faintly see the shape of her underwear.

The shirt was tied into a black one-step skirt along her slender waist. The tight lines made her buttocks look extremely full.

She was wrapped in light black stockings and had straight and slender legs. She was wearing a pair of women's sandals.

This outfit clearly showed that she had just arrived home and had not had time to change clothes.

"Just back?"

Xu Liang waved.

Sun Mingzhen came over, accompanied by a faint fragrance, and sat in his arms.

"Why didn't you go downstairs for dinner?"

"Is it already evening?"

Xu Liang subconsciously looked out the window. The sky was still bright.

"It's past seven o'clock."

Xu Liang suddenly realized that it was summer, the time of the year with the most daylight.

It will be dark after eight o'clock.

"I was thinking about work just now, and didn't pay attention?"

Sun Mingzhen's heart moved, and she asked with a smile: "What kind of work makes you forget to eat."

Glancing at her, Xu Liang's broad palm pulled out the hem of the beauty's shirt and reached in.

The sensitive point was attacked, as if a current flowed through the whole body, Sun Mingzhen's body trembled, and she glanced at the man beside her with a slight anger.

"Hate it, I'm talking to you about serious matters."

"Hehe, this is also serious matters. ... Mingzhen, I have something to tell you. I plan to change the name of the family trust entrusted to you."

"Change the name, why?"

"Xu's Family Trust No. 3, it was nothing before, but as Xu's family grows stronger in South Korea, especially with Hynix going public in the future, the skyrocketing wealth can easily lead to some bad associations.

So I plan to change the name and keep a low profile.

At least don't attract too much attention from ordinary people.

After all, you also said that South Koreans are not very broad-minded."

Sun Mingzhen glanced at him. With her understanding of him, things would not be so simple.

But it was just a name, and she didn't want to delve into it.

"What do you want to change it to?"

"Ocean Trust Fund."

"The name is not bad, so let's leave it like this."

Hearing this, Xu Liang was relieved.

The reason why he wanted to change the name was also a decision that he had thought about for a long time.

Most of the women around him are smart.

As soon as you look at your family trust number, you will know how frivolous the stinky man around you is.

In order to prevent them from getting jealous and causing irrational behavior, it is better to stimulate them as little as possible.

Of course, the main reason for changing the name is to hide wealth.

Family trusts also need to be registered and notarized, and the news cannot be hidden.

When people see the name of the trust, it is easy to associate it with the trust holder.

As long as you spend some time and money, it is not difficult to dig out the corporate matrix under his name.

Changing the name to be less conspicuous may not necessarily play a fundamental role, but at least it can reduce some attention.

These two aspects are enough for him to take action.

"By the way, why did you come back so late?" Xu Liang asked instead.

"It's Park Hye Jin. After failing to compete with Lee Bo for the presidency last month, she has been in a bad mood. When she has nothing to do, she pulls me to chat and go shopping with her.

Just now, she asked me to have dinner at Mingles Restaurant. I finally got rid of her."

Mingles Restaurant is a Michelin two-star Western restaurant in Gangnam District, Seoul. The price is between 75,000 and 150,000 won. As for the taste, he has been there several times and feels that it is not as delicious as the upscale Shandong cuisine restaurants.

"So, you have a good relationship with Park Hye Jin?"

"Of course, it's just eating and drinking. The money I spend on her in a month is more than 20 million won.

Luxury goods are another matter."

Examining the man, "Now that she has failed to be selected as the president, do you think she is still worth being wooed?"

"Don't underestimate her. This woman has the foundation her father has laid in the political arena. It's not so easy to fall."

Xu Liang knows this woman's fate better than anyone else.

A correct version in 1619 Book Bar!

Of course, I have to tell Sun Mingzhen to build a good relationship in advance.

After nodding, Sun Mingzhen said: "Li Bo has succeeded in getting promoted, and your investment is very successful. With this precedent, I must of course pull Park Hyejin well."

There is admiration in her bright eyes.

The man next to him began to deliberately make friends with Li Bo, who was only the mayor of Seoul at the time, a few years ago.

Xu Liang never gave money to people in the political arena.

He directly gave Li Bo a share of Qinglong Fund investment worth tens of millions of won.

Over the years, these investments have brought the former tens of millions of dollars in income.

The key is that this money is all investment income, legal income.

Li Bo does not need to worry about taking it.

With this relationship, Xu's companies, including Hynix's development in South Korea, have never encountered difficulties from the political arena.

"If the Xu family wants to continue to develop in South Korea, they can't do without the protection of these political figures. It won't hurt to win over a few more. Don't be reluctant to spend money."

"Don't worry."

Xu Liang stood up, "Come on, have dinner with me."

--

Time soon arrived at the beginning of August.

Bear Stearns, the fifth largest investment bank on Wall Street, officially announced that its two funds that invested in subprime mortgage securitization products had collapsed, and investors had lost a total of more than $1.5 billion.

This news was like the first domino to fall, which quickly caused a chain reaction in the financial market. Other financial institutions no longer hid and lifted the fig leaf one after another.

Deutsche Industriebank announced a profit warning, estimating that the company suffered a loss of 8.2 billion euros;

American Home Mortgage Investment Corporation, the tenth largest mortgage lender in the United States, formally filed for bankruptcy protection in court, becoming another large mortgage lender in the United States to file for bankruptcy after New Century Financial Corporation;

BNP Paribas, the largest bank in France, announced the freezing of three of its funds, citing huge losses from investing in U.S. subprime bonds;

Macquarie Bank, the largest investment bank in Australia and the seventh largest investment bank in the world, stated that investors in its two high-yield funds faced a 25% loss;

Mizuho Group, the parent company of Mizuho Bank, the second largest bank in Japan, announced that its losses related to U.S. subprime mortgages were 600 million yen;

Seven South Korean banks, led by Woori Bank, invested a total of $682.5 million in collateralized debt obligations (CDOs), with a loss of $560 million, a loss rate of 82.4%.

…

The subprime (debt) financial bomb, which is extremely powerful, finally exploded, and the shock wave swept from the center of the explosion, the United States, to Europe, Asia... and even the whole world.

Wall Street was in a panic, and the US stock market, the Dow Jones, the S\u0026P, and the Nasdaq all plummeted, and the global financial market was shaken.

At the same time, Xu Liang, who had just flown to Hong Kong yesterday, still looked like he was living a peaceful life.

Qiao Yuhui brought the brewed tea to the man.

She sat down next to him with her white and straight legs together.

"Wall Street is in an uproar, don't you want to go and see?"

After taking a sip of the teacup, Xu Liang put it down with a smile.

"It's still early. What's exploded now is just an appetizer. There's still a lot to come."

Qiao Yuhui smiled. She was also a finance major in college.

Of course, she knew the current problems in the United States.

In the eyes of ordinary people and most non-financial seniors.

Although the GDP of the United States this year has not been released, it was 13.8 trillion US dollars last year, and the balance of housing mortgage loans was 9.8 trillion US dollars, of which subprime loans accounted for 20%, which is about close to 2 trillion US dollars.

Even if the two trillion US dollars are lost, the United States can afford it with its foundation.

In other words, the crisis will be concentrated in the financial field and will not cause a systemic crisis.

But she is different. From her man's mouth, she found out the true size of US CDS bonds.

62 trillion US dollars!

The default rate does not need to be too high, only 10% is needed to form a trillion-dollar hole, which is equivalent to half of the US GDP.

But look at the current status of the real estate industry in the United States.

It is definitely impossible to have only 10% default.

More importantly, as house prices fall, the residual value of the house has become negative, and the mortgage that needs to be repaid has exceeded the market value of the house.

In this case, some people began to give up their houses, no longer repay the loans, and let the houses be taken away by the lending institutions.

There is no recourse for mortgages in the United States, so banks have to bear these bad loan losses.

Unfortunately, mortgage loans have actually been packaged into CDOs by major banks and lending institutions and sold to global investors.

In fact, banks do not have to bear any losses, but may earn some asset price differences.

However, American banks are not so honest.

How could these greedy guys bear it when they saw how much CDO made.

Therefore, many banks' asset lists include a large number of CDOs.

Moreover, the US financial market is open, and global investment institutions can invest in US subprime loans.

So the crisis spread from the United States to the world.

Now, at least half of the banks in the world, especially in Europe and the United States, are sitting on the crater.

The bottomless hole under their butts, which was originally thought to be a "dead volcano", is slowly recovering!

"With such a big financial risk, will your investment be risky?" Qiao Yuhui couldn't help asking.

"Originally there were risks, but as the financial risk exposure caused by subprime mortgages becomes larger and larger, my investment risk becomes smaller and smaller."

Xu Liang chuckled, "Unless the White House intervenes in housing prices now and props up the housing market, it will not lose money, but only make money, and the profits will become larger and larger like a snowball.

But the White House will definitely not intervene now.

Those officials only care about money. They will not move unless a gun is on their heads.

And even if they want to move, they dare not.

There are already a lot of explosives under their buttocks. Intervention now is just igniting in advance, and it will explode anyway."

Glancing at the confident man, Qiao Yuhui said in a coquettish voice.

"How much money can you make this time?"

"I don't know, but it must be a lot."

"I knew you would say that."

"Haha, no matter how much money I make, I will spend it on you. Moreover, this time I gave you $10 billion in CDs bonds.

In addition to the money earned from the stock market and the bonds issued, when this storm subsides, at least I can make enough money to acquire SABMiller." Xu Liang said.

"That's a nice thing to say. I will buy back the Kanghua stocks and bonds that I have sold now.

It would be fine if the price was low, but if it only dropped by 20% or 30%, I'm afraid it wouldn't even be enough to buy half of SABMiller."

"Don't be so pessimistic. Besides, SABMiller's price is very high now. When the subprime crisis breaks out, it may be different. ...By the way, have you communicated with SABMiller?"

"Not yet. Didn't you judge that the crisis would not break out until after next year? It's too early to talk now."

Xu Liang nodded and agreed in his heart.

Although super-large mergers and acquisitions negotiations take time, more than a year is too long.

"What about InBev?"

"We have already started talking to Budweiser, and we have also eliminated an M\u0026A team."

"InBev hasn't contacted us yet."

"No."

"It seems that we haven't touched their pain points yet."

"Since we have decided to acquire Miller, is it necessary to compete with InBev for Budweiser?" Qiao Yuhui asked.

"Of course. I have been in contact with the people behind InBev at 3G Capital. They are very ambitious and want to integrate the global beer industry. Budweiser is just one of their targets, but not their only target.

If we don’t cause them more trouble now, these guys will definitely join us when we acquire Miller in the future.

So, don’t think about being soft-hearted, they are enemies from now on. ”

Xu Liang said it firmly.

In his memory, after InBev acquired Budweiser, it quickly set its sights on Miller.

This is what Xu Liang didn’t want to see.