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Volume 1: Miracle on Qishan Chapter 186: Asian Financial Crisis (2)

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    At this stage, Yang Shaozong is indeed a very popular figure in China, and he is also the person who appears most frequently on various domestic media platforms. Mixed praise and praise is a good evaluation word.

    The first impression that Chinese people have of him is that he is "the richest man in Asia". When China's economy is still just like this, he is already the richest man in Asia. There is no doubt that everyone will doubt whether his wealth comes from a legitimate source. Even if there is "The God of Chinese Management"  ¡·Such positive praise, people still doubt him very much.

    He came from an official background and once served in the General Office of the State Council. He currently serves as a member of the Central Financial Policy Committee and an advisor to the State-owned Enterprise Reform Group of the State Council. He went into business and became the richest man in Asia. This experience will obviously make everyone question him.

    It is undeniable that he is also the creator of the miracle of Qizhou. He is known as the "Godfather of Zhongqi". He is also the first rich man in China who dares to use half of his net worth for charity.

    Domestic media still adopt closed reporting on many aspects. Regarding who Yang Shaozong¡¯s wife is, who his father-in-law is, and what his family background is, various media and domestic government levels do not report or allow reporting.

    However, he did demonstrate a strong guiding role at the press conference hosted by the General Office of the State Council, and had a great influence on the entire domestic media world. Various media outlets quickly quoted his comments and started talking about China.  Prospects for the economic future.

    Throughout the country, everyone has turned from worries to a more positive side. It seems that everyone is beginning to feel that the Asian financial crisis is good for China's long-term development and that China can surpass it.

    Now that we are no longer able to compete with the Four Asian Tigers, and there may continue to be further declines and crises, everyone seems to be a little gloating about their misfortune.

    In the following two weeks, the Financial Channel of CCTV invited Yang Shaozong to appear on the column several times. The first time was to explain the Asian financial crisis in a more public way. The guest who accompanied him on TV was a professor from the Central University of Finance and Economics and a frequent guest on the financial column.  , this professor sounds like he is over 50 years old, and his practical skills and understanding of the entire world economy are not very high.

    Two people sat together and talked about the Asian financial crisis. Yang Shaozong could easily pull out all the data for analysis, including what the economic status of Thailand, South Korea, and Indonesia was before the crisis, as well as some major standard data and analysis.  Parameters, debt ratio, foreign exchange reserves, short-term foreign exchange debt, including the unsaleable status of real estate, the comparison between housing prices and residents' income, the role of international capital in it, and the reasons why these Southeast Asian countries adopt such economic policies  He made a series of analyzes on other issues.

    The entire program lasted 45 minutes, and Yang Shaozong basically analyzed the entire financial crisis and possible subsequent developments.

    The effect of this program must be very good. Although many economic experts and scholars have systematically analyzed the crisis before, it seems that only Yang Shaozong can really explain the problem clearly. On the other hand, the audience has no idea about his identity and his role in this aspect.  The right to speak is indeed more trustworthy.

    The ratings are very high, and the program¡¯s influence in the country is also very large after it is broadcast.

    A few days later, as the economic data for the first quarter was revealed, the entire Nikkei Index suddenly plummeted, the Japanese yen exchange rate plummeted, and Hong Kong stocks and other stock markets in Southeast Asia followed suit. Everything verified Yang Shaozong's  A previous inference.

    Yang Shaozong was invited to participate in the program for the second time. He analyzed in more detail the many problems currently encountered by the economy and how difficult it will be to adjust in the later period. Compared with other guests, he definitely talked about more rich things, including Zhongqi Investment Bank  The previous merger with Sanyo Securities and the ongoing negotiations for a capital injection into Hokkaido Bank.

    Hokkaido Bank is one of the oldest banks with the longest history. However, its business scale has always been relatively small. It is basically ranked around 20th in the banking industry rankings. Hokkaido Bank mainly operates in the Hokkaido area, relatively  Xing had relatively few non-performing assets in the 1991 economic bubble. Its current main crisis is that it expanded too fast between 1993 and 1997, especially the high investment and international loan rates in South Korea, as well as the  When a securities company goes bankrupt, it also suffers the largest losses.

    Judging from the current situation, in addition to the emergency fund guarantee provided by the government, it may also need 2.5 billion US dollars to ensure its continued operation. China Flagship Investment Bank is generally willing to pay 1.5 billion US dollars in exchange for 20% of the equity in Hokkaido Bank. This  It is also the upper limit for foreign holdings allowed by the government. The government takeover agency and board of directors of Hokkaido Bank require China Banner Investment Bank to pay US$2.7 billion. This price is almost 1.7 times its current net asset ratio of 20%. Considering that Hokkaido Bank itself has a large number of non-bank assets,  In an open debt crisis, Zhongqi Investment Bank is unwilling to pay this price in principle.

    Moderator??The only option is to adopt another filing to acquire the businesses of other international banks in Asia and Africa, and then merge with Bangkok Bank to reorganize a new Bangkok Bank.

    But before implementing this acquisition plan, Yang Shaozong still needs to face a real problem, that is, he must obtain an oil franchise license. This is the key to the problem. If he cannot do this, it will be difficult for him to break up PetroChina and Sinopec.  In particular, the China National Asset Management Corporation, which is behind the two major oil companies, has a monopoly on the Chinese oil market.

    There are two steps in this auction of petroleum concession licenses. The first is bidding. Seven joint-stock companies selected by the Central Petroleum Operations Advisory Committee will bid first. The one with the highest bid will get one license, and the second license will be awarded.  On the basis of the original bidding price, public bidding was conducted to more than 50 joint-stock companies.

    There is no doubt that the price to be paid to get the latter is higher, but no one is sure how much it will cost to get the former.

    Now, the valuation of Yang Shaozong and his ally Wang Yong is 1.5 billion. It is said that Sinopec¡¯s offer is 1.2 billion.

    It¡¯s just a rumor. Whether it was a trick deliberately revealed by Sinopec, no one can tell.

    One thing is very certain. Both licenses in this auction will be sold at sky-high prices, and neither one is cheap. Moreover, the Central Development and Reform Commission has made it clear that it will not consider issuing additional licenses in the next ten years.

    This combination of PetroChina, Sinopec, CNOOC and two joint-stock oil companies is very reasonable and perfect for the central economic decision-makers. All that needs to be done in the future is to further control the three PetroChina companies through the stock market and the introduction of strategic joint ventures.  Implement demutualization reform.  ro!  .
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