Rebirth of Hong Kong's tycoons, shorting Eagle Sauce

"Mr. Ueno, let's be frank. In my eyes, they are bad debts. It's just a matter of time. You and I know it!"

Hearing this, Ueno Heiji just smiled absent-mindedly.

He will soon be embracing Maple Country, so what does the bad debt of Mitsui Bank have to do with him?

So he was not enthusiastic about Wang Lei's proposal, and even a little resistant.

Others regard bad debts as tigers, and the shrewd Wang Lei is definitely profitable to come up with them at this time.

Seeing Wang Lei making money, he was upset.

Wang Lei saw through Ueno Heiji's mind. In fact, he knew that Ueno Heiji had a plan to embezzle.

In order to make money, this guy contacted the nearby Aocheng Mazai. With such a large amount, Huashanzi wanted to meet this big customer.

Naturally, he sold this mysterious customer in front of Wang Lei.

Wang Lei stopped beating around the bush and said bluntly:

"Ueno-kun, have you chosen your escape route? Do you want me to arrange it for you?"

Ueno Heiji's eyes widened with fear:

"Wang Lei, what are you talking about? When will I escape?"

"Hehe, Ueno-kun, I've been eyeing you since the moment you transferred the funds. You don't want President Mitsui to know about your plan to escape, do you?"

"You...you..."

Ueno Heiji, whose secret was revealed, stuttered for a long time and couldn't say a complete sentence.

"What do you want to do?"

"Don't be afraid, Ueno-kun. We are not bad people. We can even help you digest some real estate that you didn't have time to transfer."

The more enthusiastic Wang Lei was, the more worried Ueno Heiji was. What on earth did this guy want to do?

"I heard that you have a mansion in Kanshiroda District that is comparable to the palace, and you have more than 200 properties in Tokyo alone. You can't get rid of these. How about selling them to me for 2.5 billion yen?"

"2.5 billion yen?" Even at a 10% discount, it's more than this price.

But Ueno Heiji didn't dare to refuse Wang Lei directly. If the other party was a little unhappy, his life would be in danger.

He might not even leave the Black Dragon Club today.

"Even if I agree to 2.5 billion yen, the tax department and the housing management department will find it difficult to deal with it. How about you raise the price a little bit?"

Ueno Heiji wanted to bargain, but what he was greeted with was Wang Lei's sneer.

He slapped Ueno Heiji hard:

"You really dare to bargain with me."

"No, no, I'm really thinking about you. Anyone can see the trick in this deal."

Seeing Ueno Heiji covering his face with a pitiful look, Wang Lei waved to Li Qilin.

Li Qilin placed an IOU in front of Ueno Heiji:

"This is the 400 billion gambling debt you owed in Australia City. Since you are unable to repay, all the real estate under your name is used as collateral. 2.5 billion yen is our latest loan to you."

"How could I... owe so much gambling debt?"

Although his eyes were full of disbelief, he wisely signed it.

His heart was bleeding, because that was the hard work of most of his life.

Seeing Ueno Heiji's depressed expression, Wang Lei comforted him and said:

"Hirano-kun, we are also doing this for your own good. Think about it, now is the time of the real estate bubble, and your real estate cannot be converted into cash in a short period of time.

If you go to Maple Country, these properties will probably be confiscated.

2.5 billion yen is a little less, but it is better than having no money at all."

Ueno Heiji nodded, and was barely "convinced" by Wang Lei.

"As for the bad debts, I'd like to ask Ueno-kun to open the door for us. We won't let you work for nothing. We will give you a huge kickback."

Hearing that there would be kickbacks, Ueno Heiji immediately perked up:

"How do you want to trade?"

"We want to buy all the bad debts of Mitsui Commercial Bank at a 10% discount. For every 10 billion yen in transaction volume, we will give you a personal kickback of 500 million yen."

"5% kickback!"

Ueno Heiji calculated that the scale of Mitsui Bank's bad debts was about 2 trillion yen, but if he worked harder, 5 trillion yen in bad debts would be reasonable, right?

His kickback of 5 trillion yen would be 25 billion yen!

Converted to US dollars, it's about 200 million. This deal can be done.

"Okay, thank you for your generosity. I will make this deal happen when I return."

After Ueno Heiji left, Li Qilin showed a puzzled look:

"Sir, if we buy so many bad debts, will we be stuck with them?"

That's 5 trillion yen of bad debts. Even if the Black Dragon Society sends out debt collection, it may take more than ten years to completely digest it.

This is just Mitsui Bank. Mitsubishi and Sumitomo are both known as the top five banks in the world in terms of market value.For a large institution, the bad debts combined can probably buy half of Tokyo.

"Qilin, you are also in finance, why don't you know how to adapt?"

"Bad debts will always remain bad debts if we don't find a way to solve them, but we can completely tie them together with other products with better returns and then securitize them!"

At that moment, Li Qilin seemed to have his five tendons and six meridians opened up, and suddenly he saw the light.

Is it profitable to securitize products with better returns?

Of course it is profitable, but if it is tied to bad debts and packaged into new financial products, the product returns may be less, but all risks are transferred to investors.

Not only can bad debts be quickly sold, but a large amount of funds can also be realized.

You should know that Wang Lei only spent 500 billion yen to buy 5 trillion bad debts.

A little bit of realization can bring several times or even ten times the profit!

This is why some funds look good annualized, but every time you buy them, you are stuck.

Because the benefits are meant to tempt you to buy, you don't know how big the pit is behind the combination product you buy.

"Look at the buildings outside, I dare say nine out of ten are cheated back, it depends on whether you are the one cheating or the one being cheated." Wang Lei quoted a sentence from the godfather of "Genesis" to convince himself.

Li Qilin nodded in understanding, and he smiled:

"Then I will negotiate with the small banks below at a 10% discount and a 5% rebate?"

"That will definitely not work. Ueno Heiji is a special case. If we hadn't pushed him to the brink step by step, he wouldn't be so easy to talk to."

Wang Lei thought for a while and said:

"Let's buy bad debts at a 20% to 30% discount, and the rebate will be between 5% and 10%. The greater the discount, the more rebates we give."

Li Qilin nodded, and his heart was full of energy.

Wang Lei also began to paint a rosy picture for him:

"Within two years, we will become the largest subprime securities company in Sakura Island. The next step is to acquire a commercial bank on the verge of bankruptcy during the real estate bubble, and then resell all these bad bonds to other financial institutions."

"We want to buy a large commercial bank?"

This is something that Li Qilin has never dared to think about since he entered the industry. Can he, a leader of the Black Dragon Society, transform himself into the president of a commercial bank?