Chapter 552 Wall Street

Although the Huaxia Men's Basketball team lost the game against the American Men's Basketball Team, it gained good public opinion, and more people expressed satisfaction with the performance of the Huaxia Men's Basketball Team in this game.

The fact is that, most of the time, everyone can recognize the gap, but losing and being cowarded are two completely different things.

Going back to the hotel and having a good sleep, the next morning, in the hotel restaurant, Meng Qian hugged Sun Manyu with doting eyes. Sitting opposite Meng Qian were Sun Qicheng and Xiao Boshi who also just returned to China a few days ago.

Xiao Boshi, the veteran, has not appeared for a long time, because he has been busy helping Meng Qian expand his territory in the past two years. With Xiao Boshi's efforts, Dafeng Group has now established a presence in the United States, Canada, Germany, Sweden, Ukraine, and Spain , Serbia, Neon Country, Korea, Singapore, Thailand, Russia, South Africa, Egypt and Angola have established branches in 15 countries, among which the United States, Russia, Canada, Serbia, Neon Country, Singapore and other countries have established the Dafeng Group R & D Center.

At the same time, Gale Group has also established university partnerships with 56 international universities including MIT, Cambridge University, Imperial College, National University of Singapore, ETH Zurich, Kyoto University, and Seoul National University. Provide various donations and internship employment places for these universities.

"How's the situation outside now?" Meng Qian looked at the two and asked.

The two looked at each other, and Sun Qicheng, as a senior, said first, "The subprime mortgage crisis has begun to spread to the ordinary loan market. In the first half of the year, the entire scope of the subprime mortgage crisis was still concentrated on the housing construction and subprime loan business. Recently, it has completely affected to the entire financial market."

"That said, the big financial institutions that weren't directly involved with mortgage lending are also starting to have problems."

"Yes, Lehman Brothers, American International Group, Milin Securities, HBOS, Washington Mutual Bank, and even Morgan Stanley and Goldman Sachs have all begun to be impacted. The global financial crisis has really come."

"What is the reason for this large-scale spread?" After all, Meng Qian is engaged in technology, and he really doesn't know much about finance. Although he heard the explanation from Dafeng Investment, he still wants to hear more Listen to different perspectives.

"Simple financial globalization has caused the integration of global financial institutions for decades, which has formed a situation in which the global financial market is controlled by a few big capitals, and these big capitals are interdependent and interoperable. of.

As a result, once one of the links fails, the entire global financial market will collapse. "

Meng Qian couldn't help sighing, "Sure enough, no matter what industry, once it is monopolized by unregulated capital, there will inevitably be huge hidden dangers."

Sun Qicheng nodded in approval, "So now, whether it is the United States or Europe, Germany, France, Spain, Belgium and many other countries have expressed a clear attitude to increase the government's control over banks.

If nothing else, Goldman Sachs and Morgan Stanley will most likely be transformed into bank holding companies. "

"In Mr. Sun's opinion, is it possible for our Dafeng Group's capital to reap the benefits of fishing in this financial crisis?"

Sun Qicheng and Xiao Boshi looked at each other again, and this time it was Xiao Boshi's turn to speak, "Mr. Meng, I have heard several people in the company tell me that you spend a little money this year.

Although the company's development in the first half of the year was very good, and it can even be said that it is thriving among global technology companies, but when the financial crisis comes, no one can really be immune to it. "

Sun Qicheng then added, "Although China's financial system has not been opened up to a large extent and we have hardly purchased financial products from the United States, after all, we are also a member of global integration and play an important role. In the second half of the year , China's financial market will definitely have a great impact."

It can be seen that everyone in the company does not approve of Meng Qian's extravagant spending this year

It is estimated that Sun Qicheng and Xiao Boshi were entrusted by other executives to persuade themselves.

Meng Qian was also very helpless, so he had no choice but to give the most direct attitude, "There will be 50 billion funds to the company by the end of this month."

The two were even more confused, "So much money? Where did it come from?"

"Borrowed."

"Borrowed?" The two wanted to continue to ask, but they noticed that Meng Qian's face had turned down.

At this time, I had no choice but to swallow the words that were on my lips. As the boss, I promised you that I would put the money in front of you under your repeated doubts.

Looking at the look Meng Qian gave him, Sun Qicheng continued the previous topic, "Under this financial crisis, the global financial landscape will definitely undergo a huge change, and with the strength of Dafeng Group, it is entirely possible to find opportunities to squeeze in.

We can start with the financial institutions in the United States that are in urgent need of help and consider buying shares. "

"As a Huaxia company, do we have this opportunity?" Meng Qian asked a very realistic question.

"It's really difficult to put it on a normal day, but the situation is different now. There are two points here. First, the capital of the United States is actually separated from the government of the United States. This is why the government of the United States wants to regain the government's control over the capital so much at this time, but Even if the financial crisis is in sight, most capitalists on Wall Street still refuse to accept supervision, because once they accept supervision, their life will be difficult in the future.

To some extent, the subprime mortgage crisis will evolve into what it is today largely due to this fundamental reason.

Another key factor is that Wall Street's ability to save itself will be low.

Just like you told us last night that IBM wanted to acquire Oracle. Oracle encountered problems under the financial crisis. Dafeng Group wanted to acquire it, but IBM could come forward to acquire it. Naturally, it would not be our turn.

But the impact of the financial crisis on Silicon Valley and Wall Street is completely different. The situation in Silicon Valley is completely different from that on Wall Street. As I just said, global finance is now tied together. Wall Street is essentially a cluster of interests. Under the crisis, almost no one can survive alone. Even if there are some individuals with sufficient cash reserves, it is difficult to face the huge gap on Wall Street.

As for U.S. companies other than Wall Street, because they have no experience in this field, they are unlikely to buy them if they have money. Therefore, in order to better maintain their commerciality, in order to escape the control of the U.S. government as much as possible, and in order to survive, they need external capital. help.

But we have to realize that Dafeng Group wants to extend its hand to the financial market, and there is a big problem. "

"what is the problem?"

"The same experience, Dafeng Group has only been established for 8 years, and has been involved in the capital market for even less time. From the perspective of Wall Street, Dafeng Group seriously lacks capital management capabilities, and it is difficult for them to trust us.

Unless they really come to the point where they can only ask us for money, but as far as they are concerned, they still have many choices. For example, on the Neon Country side, Mitsubishi and Nomura Holdings have been closely communicating with Wall Street recently. "

"Neon Nation? Aren't they almost in danger?"

"This is a desperate move. The impact of the entire financial crisis on Neon Country is definitely not as good as that on Wall Street. Moreover, Mitsubishi's foundation is still very strong. If they really encounter financial difficulties, they can also give up other industries to support their own acquisitions. , but they want to enhance their strength in overseas financial markets."

Once upon a time, Mitsubishi acquired 20% of the shares of Morgan Stanley and became the largest shareholder, Nomura Holdings acquired the business of Lehman Brothers in Asia and Europe, Sumitomo Mitsui Financial Group injected hundreds of billions of capital into Goldman Sachs rainbow coin.

Sun Qicheng's words made Meng Qian deep in thought. At this moment, Meng Qian's cell phone rang, "Hey, are you here? Come directly to the restaurant on the first floor, okay."

"Who's here?"

"Shao Yibo, I have a new friend."

"new friend?"

"Mr. Sun should know the new chief consultant recruited by Dafeng Investment. Let's listen to his thoughts."