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Chapter 1939 Subprime Crisis (1)

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    ??

    The launch of the Kirin mobile phone shocked the world.

    Full metal casing, new operating method, a real smartphone.

    Watching movies, listening to music, surfing the Internet and playing Weibo, chatting for a long time, taking photos and recording videos,

    There has never been a mobile phone with so many functions, and there has never been a mobile phone that can reach such heights.

    The market has gone crazy.

    Although selling for 100,000 yuan is a sky-high price, people are willing to pay for such a product even if it sells for 1 million yuan.

    Just like the mobile phone in the 1990s, it sold for tens of thousands, so it makes sense that some people still buy it.

    The news is overwhelmingly reporting on the Kirin mobile phone, and consumers are waiting for the official sale of the mobile phone.

    Under the pursuit of the market, mobile phone manufacturers panicked.

    They know very well that Kirin mobile phones have led the innovation of mobile phones.

    Although it is very expensive now, when the technology and production are mature, the cost will be greatly reduced, and Kirin mobile phones will become truly mainstream by then.

    Those mobile phones of theirs will be eliminated, and they will have no way to survive.

    Because they can¡¯t produce such a mobile phone in a short period of time, if they want to avoid being eliminated by the market, they have only one option: to cooperate with Kirin Mobile Phone and obtain patent authorization.

    Only in this way can they slowly research without being eliminated by the market.

    Zimuyu received a lot of calls, all from international mobile phone manufacturers, hoping to sit down and talk about authorization. Zimuyu reported the matter to Yi Xiaohai.

    "Manufacturers in Europe can cooperate, but those in the United States will refuse."

    The Han and Tang Dynasties were in the honeymoon period with Europe. If they were not authorized, they might have objections, which would be detrimental to the harmonious relationship between the two parties.

    The subprime mortgage crisis is imminent, and Yi Xiaohai needs help from Europe.

    Besides, there is a fee for licensing patents, which can bring considerable profits to Kirin Mobile Phones.

    By the time they develop their own mobile phones, it will probably be 5 years or even 10 years later. By then, Kirin phones will have been updated and will still maintain their leading position.

    By using their money to do research and then continuing to sell to them to make money, Kirin mobile phones can maintain their technological advantages for at least 30 years.

    Thirty years is enough to make a lot of money. The key is that Huaxia Technology Brand can go global, which is of historic significance.

    ¡­¡­

    The Qilin mobile phone press conference was over. Yi Xiaohai accompanied his family to play group games in Shanghai, and then flew to the United States with Zi Muyu.

    The subprime mortgage crisis has taken shape, and with Hunter's amazing assist, Yi Xiaohai is ready to close the net himself.

    Zi Muyu went to the United States to promote Kirin mobile phones and lay out a sales network.

    Before departure, Yi Xiaohai needs to go to Yanjing to meet with senior officials and seek their support.

    Since the events in Europe, the attitude of the superiors towards the Han and Tang Dynasties has changed greatly. Knowing that he wanted to launch a revitalization plan,

    It was rare for the leadership, including Li Kaishan, Mr. Lu, Mr. Zhen, and Mr. Shi, to gather together to listen to Lin Xiaolei¡¯s detailed report.

    The person who launched the revitalization plan was also present, including Mr. Xu, who was not in good health.

    "Xiaohai, before making indirect plans, please explain in detail the subprime mortgage crisis and its formation, as well as its possible impact."

    Mr. Qian had a close relationship with Yi Xiaohai and was in charge of finance. He asked Yi Xiaohai to explain the subprime mortgage crisis.

    Although everyone here has understood it in advance, they may not be able to understand the key points. Yi Xiaohai needs to grasp the key points so that everyone can have a clearer understanding.

    Yi Xiaohai thought for a while and decided to explain with more detailed figures.

    "I called the scorer. Jack took out a loan of 1 million from Financial Institution A to buy a house. He agreed with Financial Institution A to repay the principal and interest for 1.5 million in 30 years."

    "Financial Institution A felt that 30 years was too long and was unwilling to wait 30 years. Financial Institution A sold this power to Financial Institution B for 1.1 million in cash. We called this contract MBS, which is mortgage securitization.  "

    "Financial institution A told B that I will ask Jack for the debt collection work for the next 30 years, but if you can't collect it, you have to admit defeat."

    "Financial institution A earns 100,000 and transfers risks. For financial institution B, although it pays 1.1 million in one time, it will earn a total of 400,000 in 30 years. There are still people to help collect debts, so they buy a large number of contracts."

    ¡°Financial institution B does not hold the contract it buys, but sells it to the world, including governments, banks, hedge funds, insurance companies, pension funds, individual investors, etc.¡±

    ¡°It might be easier to understand if we put the whole thing upside down.¡±

      "Zhang San from China discovered that real estate in the United States was very popular. He only had 5,000 US dollars and couldn't afford a toilet, so he gave the money to a fund company."

    "The fund company gives US$5,000 to financial institution B, financial institution B uses US$5,000 to buy MBS from financial institution A, and financial institution A lends the money to Jack."

    Jack took Zhang San¡¯s money to buy a house and enjoy life, while Zhang San continued to move bricks and live a miserable life. The entire interest chain was perfect, but the premise was that Jack could not breach the contract.  "

    "If one day Jack loses his job and has no source of income and no money to repay the loan, then the crisis will break out."

    Yi Xiaohai deliberately used China¡¯s Zhang San as an example to tell everyone that the U.S. subprime mortgage crisis is passing the crisis on to the world, and it is likely that the investors in China will cry in the end.

    Those here are all smart people,

    They naturally knew what Yi Xiaohai wanted to say, but as they were not sensitive to finance, they did not realize the seriousness of the problem.

    "Comrade Xiaolei, we all understand what you are saying, but there are also housing loans in China. Usually the people who take out the loans have stable jobs and sources of income. Even if there are some problems and they cannot repay the loan, there will not be widespread defaults, right?  ?¡±

    Mr. Shi raised his own question,

    Whether or not to participate in the plan is related to China's future. They must understand the ins and outs before they can make a decision.

    The formation of the subprime mortgage crisis was based on a large number of defaults, but why should others be blamed for defaults?

    ?¡­(remember this website address: www.hlnovel.com
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