Chapter 2846 Times have changed, Daxia is far ahead!
Huaqi Bank, the fifth-ranked investment bank in the country, seemed to have discussed it with Meilong Bank. It did not give investors any time to react and immediately announced a bombshell news!
Huaqi Bank solemnly declared: "Since several important funds under the bank have purchased a large number of real estate-related stocks, they have suffered substantial losses, and affected by the interest rate hike, the bank will be at risk of bankruptcy, and investors may face the end of losing all their money."
The news about Mellon Bank simply put the market on the sidelines.
But as soon as the news about Huaqi Bank came out, the stock market of Baguo began to fall!
Anyone who is not a fool can see that something is wrong!
Two of the top ten banks in the country have issued bankruptcy notices one after another?
This is clearly a resistance to the official interest rate hike at all costs!!!
If the government stops raising interest rates, the financial markets in the hegemonic country will definitely fall!
If the authorities do not stop raising interest rates and continue to do so, the bank bankruptcy forecast will become a reality. If banks of the top ten banks go bankrupt, who would dare to deposit money in the hegemonic country?
Just when everyone was in panic and confusion, Brett Kraus gave an order and the three banks, Fuguo Bank, Mogen Bank and Baguo United Bank, also joined in the fun and issued a new announcement.
The content is roughly that the bank suffered huge losses due to XX reasons, and the recent interest rate hike is too outrageous, so everyone is being warned that it is going to go bankrupt.
Brett Kraus was not to be outdone. As the top ten banks announced their bankruptcy notices, he directly issued a new announcement: "Mogen Bank is the number one bank in the country, but due to my poor management, it is at risk of bankruptcy. Therefore, I will resign from all positions in Mogen Bank!"
The president of the number one ranked Mogen Bank quits!
Except for the last few in the top ten banks, all of them have issued bankruptcy notices!!!
You know, 80% of the country’s deposits are in the top ten banks!!!
If they all go bankrupt, what’s the difference between that and the bankruptcy of a hegemonic country?
With the announcement of these bankruptcies, the national stock market closed for the day.
The market index capped at 12123 points!
When the market opened that day, the points soared to 13000 points!
The spread between the morning and afternoon is as high as more than 800 points!!!
Just looking at the price points, ordinary people may think that the drop is just a bit too big.
But anyone who has a little experience in finance can already see that a country's stock market is a barometer of its financial markets.
With the support of a series of positive news such as short-selling ban, interest rate hikes, financial sanctions, etc., it can still fall!
This shows that everyone has lost their expectations for the hegemonic financial market, and everyone is filled with disappointment.
If the authorities fail to introduce good policies in the future, the decline will only get bigger!
……
……
Foundation headquarters.
Solomon looked at today's closing points and was filled with anger.
"Damn Brett Kraus!!! He is leading the entire banking circle to go against me!!!"
"Release this information at this critical moment, just to force me to cut interest rates!!!"
"Damn it, I'll remember you!!!"
Solomon's teeth made a clacking sound.
Michelle wiped the sweat off his forehead and said, "Just now, the Great Xia Kingdom announced that it will provide the 5nm chips specially supplied to the Hegemonic Kingdom Guigu."
Solomon heard this and snorted coldly, "Just as I expected, Daxia's chip industry can't hold on!
If it produces chips but doesn't sell them, isn't that just waiting for its capital chain to break?
Haha, Chen Mo didn’t outlast me this time.”
Michelle shook her head: "According to the intelligence investigation of the "children", it was Bill Geci who personally went to Daxia to ask Chen Mo to sell the chips.
What kind of deal they reached in private has not been found out yet.
But I am afraid that those so-called financial sanctions you mentioned are already useless to the technological elites in Guigu.
Even if Daxia doesn't announce anything to the public, anyone with a discerning eye can see it."
"What?! How dare they disobey official orders and go to Chen Mo privately to buy chips?!"
Solomon quickly turned on the computer to check.
Sure enough, I saw the news jointly released by Moyuan Capital and Hongmeng Lab on social media such as Twitter and Weibo.
The announcement stated that selling special edition 5nm chips to the Hegemonic Technology Company did not violate the Chip Alliance's ban. As long as the Hegemonic officials did not apologize and stop the sanctions, the chip ban would continue.
Hongmeng Laboratory even announced the model specifications and selling price of the special edition 5nm chip.
When he learned that the special edition 5nm chip had only 80% energy efficiency, but the price was 5% more expensive than the normal 20nm chip, Solomon fell into deep silence.
Under Chen Mo's leadership, the landscape of the global chip industry has undergone tremendous changes.
The "Loongson" series of chips from Hongmeng Laboratory have dominated the high-end chip market with their continuously breakthrough technologies.
Now in 2008, an epic bombshell has been released - the 5nm chip "Loongson A700u"!
The Great Xia Kingdom has emerged as a leader in the field of chips, and has become a global leader in chip technology, while the chip industry of the Hegemonic Kingdom has gradually fallen behind, and has actually fallen into the dilemma of being "choked" by the chip companies of the Great Xia Kingdom! ! !
This is tantamount to the reverse of the situation for Solomon, who is used to the country's leading high-tech industry! ! !
Daxia's chips are actually going to strangle Baguo? !
As soon as the news was announced, major technology communities in the hegemonic country went wild!
On the well-known technology forum TechInsider, a post about Loongson's special-purpose chips accumulated tens of thousands of replies within 24 hours.
Netizen "SiliconValleyDreamer" wrote angrily in the post: "What is Loongson doing? Selling us this special chip with greatly reduced performance is simply humiliating us! We are the world's number one superpower, can't we even produce 5nm chips? Isn't it ridiculous?!"
This comment received thousands of likes, and countless netizens from the country left messages below to express their sympathy.
"When I saw this news, I thought maybe it was a mistake. Are you sure it's not the Hegemony that is providing special chips to Daxia?"
“No, two years ago, wasn’t Hegemony boasting loudly that its technology was the best in the world and that it was the first to develop an 8nm chip. Wouldn’t it take Daxia at least 20 years to catch up?
How come it's only been two years, and Daxia's chips are so far ahead of Baguo's?"
"I work in the technology industry, and I can only say that since Chen Mo entered the technology industry, he has really crushed the hegemony on the ground.
Don't regard Baguo as the most technologically advanced country anymore. That's no longer the case. If you don't believe me, go to Daxia and see for yourself how advanced they are now. It's like being in the future!
Alas, times are changing!"
"..."
