Steel Tycoon Reborn

Chapter 654: Evergreen Group is in crisis

Lord Snow Eagle

, Legend of the Dragon King

, super soldier

, Cultivation: Overturning the Rain and Turning the Clouds

, Martial Arts Supreme

, Eternal Night King

, my neighbor is a banshee

, fairy wood legend

Sun Yalin talked to her dad on the phone, threw the phone on the window sill, covered her chest with a bath towel, revealing a piece of snow-white skin, and said to Shen Huai: "My dad is in Hong Kong, and he will fly directly over tomorrow. Let's talk..."

Sun Yalin has always been in charge of the contact with the Sun family. Shen Huai doesn't care about the whereabouts of Sun Qishan and others, but it was quite strange to hear that he was in Hong Kong, and asked, "Your father is in Hong Kong at this time, is he following him? Is it related to the fluctuation of the exchange rate market in Thailand during this period?"

Sun Yalin nodded and said: "Well, Thailand's imports of clothing and electronic products fell sharply last year, resulting in a deficit of more than 15 billion US dollars in conventional items. By the end of March this year, this figure has accumulated to 20 billion US dollars. The Thai government has , the action is slow, and there is no action to stimulate exports. It just blindly attracts short-term foreign exchange capital inflows, which actually leads to a surge in short-term foreign debt, while Thailand’s domestic financial securities and real estate have overheated in the past two years. It is not surprising that some hedge funds are eyeing them. Although the Thai government and Singapore have joined hands with US$12 billion to purchase Thai baht in the exchange rate market, some speculative funds have suffered huge losses and have withdrawn. The risk has not been released. In the past few years, their investment in Thailand has been concentrated. My dad is in Hong Kong this time to re-assess the risk of investment in Thailand..."

Shen Huai's chin was on the couch. After the 1970s, the economies of other parts of Asia followed Japan's rapid rise. Among them, the "Four Little Dragons and Four Little Tigers" were represented, and Thailand was one of them.

Although China's economic development has not been slow since the reform and opening up, its edge is still covered by the "four little dragons and four little tigers". Therefore, in the mid-to-early 1990s, although the total population of Southeast Asia was less than half of that of China, the inflow of foreign capital was higher than that of China.

Evergreen Group's cumulative investment in the Asia-Pacific region exceeds US$1.2 billion, mainly in Southeast Asia. Although it has increased its investment in the mainland in recent years, it still accounts for less than 30% of the total investment in Asia-Pacific.

"If the Evergreen Group invests in Thailand, what kind of risk will it really encounter? According to me, it is purely deserved," Shen Huai turned over and put his hand on the back of his head, and said, "Investment in Southeast Asia is overheated, and the adaptability of the segmented market is poor. , the lack of a complete industrial system, strong dependence on exports, and weak regional governments. Once the situation occurs, there is no strong means to solve the problem in the overall structure. Therefore, Evergreen Group re-evaluated its investment in Thailand and Southeast Asia. Now at least it can be regarded as a remedy for a dead sheep..."

Shen Huai pointed out the drawbacks of Evergreen Group's too concentrated investment in Thailand, but Sun Yalin still ridiculed him:

"The domestic central government has become stronger, but since the tightening after the new year, Xinpu Refinery has also been stuck in the neck and can't move. Why do you gloat in misfortune?"

"If the funds are really in place, the approval should be looser," Shen Huai said. "Let's wait for your dad to come over tomorrow and talk about it..."

In order to curb the overheating of investment in China after the year, the approval of large-scale projects is tightened. After all, it is the construction of many large-scale projects in China. The proportion of self-provided funds is low, and the dependence on bank loans is strong. If not tightened, it will aggravate the risk of the domestic financial system— - If the project's own funds are sufficient and the reliance on bank loans is low, releasing the project construction at this time will not only aggravate the risk, but on the contrary, it can release financial risks in certain regions and industries through the pull of the industrial chain.

Similarly, foreign exchange financing is generally considered to be long-term financing or direct industrial investment, which helps to promote economic development, while short-term entry will aggravate the risks of the economic system. This is also a large-scale domestic investment attraction, but in financial The main reason for the strict restrictions on the entry of foreign exchange funds in the fields of securities and real estate development.

The Xinpu Refining and Chemical Project is currently stuck in the hands of the State Planning Commission, and the approval level has not even been started. Not only did Chen Baoqi and others remain silent in the city, but the province did not particularly promote anything. In the end, it was the situation of fund preparations here. not ideal.

If the Meigang Department can obtain a large amount of foreign exchange loans from Yasuda Bank, and can raise 200 to 300 million US dollars, or even more funds, the attitude of both the city and the province will change.

*************

It was inconvenient for Shen Huai to go abroad, and he had to apply to the city, so he did not immediately fly to Hong Kong to see Sun Qishan. If he had to meet and talk about things in China, there was not much difference between Xucheng and Donghua. .

After the Xinpu Steel Plant project is launched, it will be officially put into operation in less than the second half of the year. Sun Qishan, as the main indirect investor, should also come to see the field and take a look.

The cooperation with Yasuda is only a sign. Shen Huai is not willing to disturb the city at this time, nor does he want to make Yasuda Zhicheng, Yamazaki Nobuo and others feel their impatience, so he also strictly blocked the news of Sun Qishan coming to Donghua. .

Sun Qishan, accompanied by Song Hongjun, rushed directly to Xiapu via Xucheng, and even in the county, only Tao Jixing, Zhao Tianming and other few people knew.

Shen Huai directly waited for the arrival of Sun Qishan and his party at the Beishan Pengyue International Hotel. Watching the convoy slowly approach, Shen Huai walked down the steps, Wang Weicheng, Du Jian and others went over first to help open the car door.

Seeing Sun Qiyi getting out of the car, Shen Huai asked with a smile, "Why is Uncle Er Biao also free to come to Donghua this time?"

Shen Huai only temporarily knew that Sun Qiyi was also here this time when he talked to Song Hongjun on the phone beforehand.

To be honest, Shen Huai was also puzzled by this: Sun Qishan's whereabouts could not be completely concealed from others, but Shen Huai had no intention of revealing the news of Meigang's contact with Yasuda Bank for the time being - Sun Qiyi came over, this matter I couldn't keep it from him.

Shen Huai didn't understand, why did Sun Yalin's father let Sun Qiyi get involved in this matter?

Shen Huai was really puzzled, but it sounded a little ironic to Sun Qiyi, he smiled awkwardly, and his old face couldn't help blushing.

No matter how rebellious Shen Huai was, and no matter how dissatisfied someone in the Song family was against him, Sun Qiyi had no qualifications to make cold remarks at this time—Mei Gang’s rapid development over the years only reflected his incompetence in the Asia-Pacific investment business. It is inefficient and the financial risks in Southeast Asia are still accumulating further, which also brings unpredictable risks to Evergreen Group's huge investment in Southeast Asia.

"Thailand's problem may be more serious than I thought..." Sun Qishan could see that Shen Huai was a little puzzled, why Qiyi came over, he didn't elaborate on the phone before, and now he got out of the car and explained a little.

"Oh..." Shen Huai nodded and understood.

With such a large scale of Evergreen Group, the investment is not placed in one basket, and its ability to resist risks is naturally strong. It is impossible to drag down the regional economic crisis at once - but for the management of Evergreen Group, it is not that as long as To ensure that the Evergreen Group will not be dragged down, they will be able to maintain their status.

In fact, as long as the Evergreen Group's investment in the region suffers irreversible losses, someone, or even the entire management, must be held accountable.

Sun Qishan and Sun Qiyi cannot be regarded as professional managers, but as representatives of the Sun family, they are stationed in the Evergreen Group. They are both directors of the board of directors and senior management personnel of the group. They have a prominent position and shoulder heavy responsibilities. Even if they are different from ordinary professional managers, there are definitely not just one or two people who want to replace them in the Sun family...

If the economic situation in Thailand is very bad, and Evergreen Group's investment in Thailand cannot be withdrawn quickly, then balancing and hedging investment risks is a top priority for Sun Qiyi, who is in charge of Evergreen Group's Asia-Pacific affairs.

Some of the investment losses in Thailand can be recovered in the mainland region, and the overall balance of investment risks in the Asia-Pacific region can be maintained, and the risks can be hedged, which can also avoid the group shareholders' accountability to him.

Of course, if the investment loss of Evergreen Group in Asia Pacific is too large, it will not only be a problem of Sun Qiyi alone, but the entire management of the group will also be held accountable by shareholders - this is also the time when Sun Qishan was in Hong Kong, The reason why he came to Donghua with Sun Qiyi.

Brothers Sun Qishan and Sun Qiyi usually have a bad relationship, and they go back and forth under the table, but if the whole thing might endanger the interests of both of them at the same time, they can still stand in the same trench again.

****************

Beishan Pengyue specially prepared a small building facing the Xitang River to accommodate Sun Qishan, Sun Qiyi and their entourage.

After sitting down in the lounge, Sun Qishan introduced the more severe economic situation in Thailand:

"A total of 760,000 residential units have been built in Bangkok, Thailand in the past four years, and the actual sales are less than half. The accumulated risk is even greater than the outside world guessed. Now the Thai government has blocked the channels for foreign investment to withdraw, although the purpose is to Preventing further turbulence in the exchange rate market will only increase panic, and the problem has not been completely solved. We are now waiting to see if the Thai government has further effective measures, but we must also plan ahead..."

Evergreen Group made its fortune by operating hotels and real estate in the early days, and returned to the Asia-Pacific region from Western Europe. It also followed the old way of thinking~www.readwn.com~ Thailand's financial market is highly open, and hotels and tourism are developed. Therefore, Thailand's The real estate, tourism and hotel markets are the key areas for Changqing Group to invest in.

It is also normal for Evergreen Group to be more sensitive to the current economic situation in Thailand and have a clearer understanding than ordinary institutions because of its large investment in real estate and hotel businesses in Thailand.

It's just that the Thai government has blocked the channel for foreign capital to withdraw. Shen Huai doesn't understand how Sun Qiyi can use this to hedge the investment risk of Evergreen Group in Thailand...

Of course, when Sun Qiyi came over, he made it clear that he wanted him. He couldn't understand it for a while, and he wouldn't rush to ask Sun Qiyi.

However, Sun Qishan doesn't sell the secret, knowing that the time is very tight. If the economic crisis in Thailand breaks out, it will be difficult to hedge the risks at that time. He directly said to Shen Huai:

"At present, Thailand's iron ore export is not subject to tariffs. If Evergreen Group can get some orders from Xinpu Steel Plant, it is possible to use its hotel and real estate assets in Thailand to conduct equity transactions with local mining companies..."

Shen Huai nodded, thinking that after Sun Qishan arrived in Hong Kong, it probably took a lot of brains to think of this idea. This is really going to happen, and it can hedge some of the investment risks of Evergreen Group in Thailand.

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