Chapter 570 Global Economic Consensus, Chen Xing Takes over Hanxing Group!

With Chen Xing and the country's repeated mention of the low-altitude economy, the after-hours trading of related concept stocks has been continuously pulled up.

For example, Jiangyu Technology, Jiujiang Zhikong, Shanhe Electronics, etc., they were all pulled up by an extremely high margin of 10% after the market.

After nearly a year of drastic reforms, the current Longguo stock market is no longer just about buying up and hedging with futures.

Pre-market trading and after-market trading have gradually been realized.

Perhaps many people don't understand what pre-market trading and after-market trading are. These two transactions simply allow some hot stocks to break free from the constraints of trading time.

Nowadays, the Longguo stock market currently starts the call auction at 9:10, officially trades at 9:30, and closes at 4 o'clock in the afternoon. In total, the stock trading time for a day is less than 7 hours.

7 hours is already very long for retail investors.

But for institutions, hot money and professional players, 7 hours is too short, and the time limit will also aggravate the impact of emergencies.

For example, when the Nord Stream pipeline was blown up, US stocks related to it began to fall as soon as the news was reported. After a period of time, after the market digested it, the stock value would slowly rise back to a reasonable range.

But what about the A-shares at that time?

If you encounter an emergency, if you are not in the trading time period, you can't sell it even if you want to, and you can only wait.

That is why every retail investor panics at night.

Every retail investor is afraid that he will run too slowly and be trapped at the highest point, so he puts a limit-down order in the early morning to run away.

To a certain extent, setting trading time is to increase the panic of retail investors about emergencies and let them consume themselves.

In order to reduce the panic of retail investors about emergencies and maintain the stability of the financial market, Xiao Gang, the village chief of the China Securities Regulatory Commission, also opened pre-market and after-market trading in the Longguo stock market, but it is limited to 500 popular stocks representing the market.

Since the introduction of pre-market and after-market trading, the Longguo stock market can be said to be traded 24 hours a day.

Even if a black swan event occurs, the market and retail investors can respond immediately to avoid panic selling.

Foreign funds have also noticed the gradual improvement of the Dragon Country stock market.

According to data from northbound funds, in the past 12 hours, a total of 6.4 trillion Dragon Country currency flowed into the Jinlong Technology Index, of which 1.7 trillion entered the Longxing Group stock.

In contrast, after the pre-market trading of the US stock market opened, Apple, Google, Microsoft, Amazon and Tesla all fell, and a large amount of funds were withdrawn from the US mainland.

Those who have studied finance know that trading is actually a process of finding consensus.

Are stocks valuable?

Are virtual currencies valuable?

Is gold even valuable?

In essence, they are not valuable.

Why do you say that?

In the past, shells could be used as currency to buy cattle and sheep. Now try to buy cattle and sheep with shells?

For example, antiques and cultural relics, a small honeycomb silver ingot can be sold for hundreds of thousands, and a copper coin from a hundred years ago can be sold for millions or even tens of millions.

For example, a pair of ordinary sneakers that cannot be more ordinary can be sold for hundreds of thousands. Is there really any cultural heritage?

Actually not.

Whether it is stocks, virtual currencies, antiques, calligraphy and gold sneakers, their value is based on consensus.

To put it simply, when a person or an item is recognized by the vast majority of people, it will be separated from its original value, and this is a transaction.

This is why investment can only follow the trend.

The change in the consensus of international funds also means that the world order is heading towards destruction. As for the birth of a new order, it is often established by countries recognized by the world.

At this moment, the United States and even European countries are feeling fear. The superpower from the East is continuously withdrawing world funds.

In the United States, Washington is holding a meeting.

In Germany, Berlin is holding a meeting.

In France, Paris is holding a meeting.

The Western world has just realized that Longguo is not just shaking the US dollar, but also the euro!

At the beginning, EU countries were watching the show, because they established the EU to break the US currency monopoly.

However, the birth of the euro still failed to break the hegemony of the US dollar.

Most EU countries think that the challenge of the Dragon Country currency to the US dollar is impossible to succeed, because two years ago, Dragon Country did not even have high-precision machine tools, let alone photolithography machines. It was completely a low-end industrial country.

Can a low-end industrial country compete with a financial powerhouse?

It is impossible!

But what about now?

Dragon Country has become the world's largest chip exporter, and the largest electricity exporter, as well as the largest exporter of mobile phones, drones and electric vehicles.

In three years, a low-end industrial country has entered a high-end industrial country, and has transformed from an industrial country to a financial powerhouse. Who dares to imagine this speed?

It is too late to stop it now, because international funds have reached a consensus, and it is only a matter of time before Dragon Country achieves a great rejuvenation.

…

During the reshuffle of the capital market and the establishment of consensus, Li Jae-yong has completed the basic physical examination and submitted the nationality application.

Since Wang Shan had already said hello, his application was approved in less than half an hour, but he still needed to record a swearing-in video to get the Dragon Country green card.

Why do you need to swear an oath video?

It can prove that it is voluntary naturalization, not forced naturalization.

This process exists not only in China but all over the world, because it can avoid disputes.

Li Jae-yong looked at the camera in front of him, then looked at the teleprompter behind the camera and spoke the oath in a clear and fluent voice.

After the recording was completed, the staff immediately handed over the green card and congratulated him: "Mr. Li Jae-yong, congratulations on becoming a permanent legal resident of my Dragon Country. Let's build the country together in the future."

"Definitely."

Li Jae-yong responded with a smile.

He didn't know whether it would be built or not, he only knew that his personal safety would be greatly guaranteed after he became a Dragon Country citizen.

After a few more pleasantries, Li Jae-yong also left the Immigration Bureau.

Twenty minutes later.

He returned to the Imperial Capital Hotel.

Chen Xing, Li Zhenzhen, and Zhao Siqiu were sitting in the cafe on the first floor drinking coffee, waiting for Li Jae-yong to come back.

As soon as Li Jae-yong walked to the door of the Imperial Capital Hotel, the hotel manager Zhang Wang recognized him at a glance and quickly said: "Mr. Li, you are back. Please follow me. Mr. Chen and others are waiting for you in the cafe."

"Lead the way."

Li Jae-yong said in a deep voice.

This time, not only did he return to the Imperial Capital Hotel, but he was also accompanied by a tall and elegant woman with a briefcase in her hand and a sharp look in her eyes.

Zhang Wang led Li Jae-yong and the other man into the coffee area. Before they got close, Li Zhenzhen spotted the three of them.

When she saw the woman next to Li Jae-yong, she immediately frowned and said, "Jin Yan-ya."

"Who is Jin Yan-ya?" Zhao Siqiu followed her gaze and immediately locked onto the tall woman walking side by side with Li Jae-yong.

Chen Xing did not choose to look back because he was facing away from her, but took a sip of the coffee.

He also knew something about Jin Yan-ya, a woman who looked like a secretary but was actually a third party.

In his previous life, the media had filmed a video of Li Jae-yong, his wife, and two strange beauties vacationing in Hawaii.

The man and three women not only behaved intimately, but also talked and laughed with each other.

Later, Korean media revealed that one of the three women was Lee Jae-yong's secretary, Kim Yeon-ya, who was a childhood sweetheart with Lee Jae-yong.

The relationship between them is complicated, but it is not complicated. To put it simply, his current wife was married by family marriage, and he does not like her in his heart. If he chooses to divorce, he will lose some resources, so Lee Jae-yong and Kim Yeon-ya can only have an underground relationship.

However, since he took power in the Hanxing Group, he has gradually developed the underground relationship into an above-ground relationship. Lee Jae-yong's current wife is also very sensible. Since things have developed to this point, she can only join in for the sake of her status and wealth.

Li Zhenzhen retracted her gaze and looked at Zhao Siqiu and said, "A woman who is annoying."

"Mr. Chen." As soon as Li Zhenzhen finished speaking, Zhang Wang raised his voice and reminded Chen Xing, "Mr. Li and others are here."

"Sorry for waiting, Mr. Chen."

Lee Jae-yong changed his face quickly, and his cold cheeks were instantly filled with smiles.

Chen Xing looked sideways, stood up and said, "How is it? Did you get the Longguo green card?"

"With Mr. Chen's help, you must have gotten it." Li Zaiyong smiled.

"By the way."

He stepped aside and introduced, "This is my secretary Jin Yanya, who just flew from the Peninsula to Longguo. Let's talk somewhere else?"

Although there were not many people around, the coffee shop was a public area after all, so it was better to talk about things and sign contracts in a private space.

Hearing this, Chen Xing did not refuse, and nodded and said, "Then let's go back to the box to talk and welcome Secretary Jin."

"Thank you, Mr. Chen."

Jin Yanya thanked him.

Her voice was very soft, and her expression was also charming. If a 17 or 18-year-old boy met her, he would probably be able to take out a loan of hundreds of thousands of yuan for her.

But for Chen Xing, he had seen many beautiful women, and those eyes like brushed silk did not make him feel the slightest ripple.

Li Zairong saw Jin Yanya's coquettish look, although he was very unhappy, but for the sake of cooperation, he had to suppress it.

Li Zhenzhen, who was standing aside, was used to it. She knew very well that Jin Yanya didn't like Li Zairong, but among the people she had contacted, Li Zairong was the richest and most powerful.

Once she found a better tree, she would abandon Li Zairong without hesitation.

Didn't Li Zairong know this?

In fact, he knew it too.

But with the buff of Bai Yueguang and the bonus of childhood sweethearts, even if he knew that Jin Yanya would abandon him at any time, he was willing to be the "donkey", after all, at least he had it.

…

Everyone returned to the Supreme Box, and Zhang Wang immediately arranged for the chef to stir-fry more than a dozen dishes and serve them on the table as quickly as possible.

Twenty minutes later.

Everyone in the box was full and satisfied.

"It's almost time to eat. Talking too late will affect your rest, Mr. Chen. Secretary Jin, please take out the documents." Li Zairong wiped his mouth and said.

"Okay."

Jin Yanya picked up the briefcase.

She put the briefcase on the table, then stood up, unzipped it, took out a "Shareholding Agreement" and said:

"This is the unanimous action agreement signed by the group, which ensures that the Lee family has absolute control over Hanxing Group."

Chen Xing took the agreement document and looked at it, and suddenly it became clear.

No wonder the Lee family can control Hanxing Group with a single-digit shareholding. It turns out that other shareholders have signed this agreement.

This agreement is like a "Shareholders' Unanimous Action Agreement". Several shareholders voluntarily give up their decision-making power and give the power to others to use. They just sit and wait for the money.

Seeing Chen Xing's expression, Li Jae-yong also explained: "When the equity was sold in exchange for international funds in 1997, my father left this back-up plan. It is precisely because of this agreement that Hanxing Group has always been controlled by my Li family."

"This is the basis for you to bypass the board of directors and directly transfer Hanxing Group, right?" Chen Xing put down the document and asked.

"Yes."

Li Jae-yong nodded and continued: "Because their decision-making rights have been given up, even if my Li family only has 1% of the equity, they can still make the final decision on anything."

At the beginning, Chen Xing was confused when Li Jae-yong wanted to transfer and sell Hanxing Group, because major personnel changes must be approved by the board of directors.

For example, if Toyota Group does not hold more than 51% of the shares, Longxing Group has no right to dissolve the old board of directors.

But if the Li family has this agreement, it will be different. If other shareholders give up their rights, the Li family will be equivalent to 100% of the shares. They can make the final decision on anything, including selling the group.

Of course.

I guess Wall Street...

No!

Not only Wall Street, but even the top leaders of the Peninsula would never have thought that Lee Jae-yong would actually think of selling Hanxing Group, because this is a family business.

If he sold all the family businesses, wouldn’t his ancestors be furious?

Therefore, in the eyes of everyone, Lee Jae-yong would definitely not sell Hanxing Group unless it was absolutely necessary or the capital chain was broken.

After understanding the truth about Hanxing Group’s holding, Chen Xing glanced at Li Zhenzhen and said, “Then sign the contract.”

“Your lawyer is…” Lee Jae-yong glanced at Chen Xing, Li Zhenzhen and Zhao Siqiu, and said uncertainly.

“No lawyer is needed now.” Chen Xing took out his Longxing Extraordinary Master and smiled calmly, “Ai can accurately identify the possible risks in the contract.”

Lee Jae-yong stared at the machine in Chen Xing’s hand and said helplessly, “Technology is indeed the primary productive force. The world is changing too fast, and I can’t keep up.”

“You are modest, but there is also an old saying that you can learn until you are old. If you can’t keep up with the times, try not to fall too far behind.”

Chen Xing smiled.

"That's right."

Li Jae-yong nodded.

After chatting for a while, Kim Yeon-ya's secretary and lawyer was responsible for recording the key points of the contract, while Chen Xing and Lee Jae-yong finalized the details.

About half an hour later.

A handwritten preliminary contract was produced.

"Nothing to add, right?" Kim Yeon-ya looked at Chen Xing and Lee Jae-yong.

"No."

"It's OK."

After getting the confirmation from the two, Jin Yanya picked up the handwritten contract and said, "Then I will briefly explain it. If you two think it's OK, we will officially print the contract and sign it."

"Okay."

"Okay."

After getting the response from the two, Jin Yanya said, "1. Longxing Group needs to pay at least 30 billion Longguo currency to Li Jae-yong every year within four years as the acquisition cost of Hanxing Group's equity. If it fails to pay on time, Li Jae-yong has the right to charge a penalty of 1% of the total amount each year."

"2. Longxing Group must ensure the market position of Hanxing Group's brand and operate normally. If there is malicious behavior, such as large-scale layoffs, large-scale production cuts, and profit without profit, Li Jae-yong can repurchase Hanxing Group at 50 billion Longguo currency."

"3. Li Jae-yong needs to guarantee that the actual control of the group is transferred to Longxing Group. If this cannot be achieved, Longxing Group does not need to pay the fee..."

...

After saying the contract terms one by one, Li Jae-yong and Chen Xing both felt that there was no problem. After all, the two spent half an hour negotiating.

After Jin Yanya confirmed that there was no problem, she took the handwritten contract back to the car and started printing with her own printer.

After finishing.

She immediately destroyed the traces.

Then, she returned to the Supreme Box.

Before signing the contract, Chen Xing used AI technology to scan and found no loopholes in the contract.

He was not worried about leaks. The security protection system of Longxing Group was not something that ordinary hackers could hack into.

Chen Xing and Li Jae-yong quickly signed and pressed their own handprints and official seals.

The contract was made in four copies, and both parties kept one copy for themselves. The other two copies were notarized by Chen Xing and Li Jae-yong.

After checking that the contract was correct, Chen Xing smiled, looked at Li Jae-yong, and took the initiative to extend his hand and said: "Happy cooperation, Mr. Li."

"Happy cooperation."

Li Jae-yong quickly extended his hand in response.