Chapter Five Hundred and Thirty-Seven If you don't buy it at this time, when will you wait!

Chapter 537 If you don't buy it now, when will you wait!

The main purpose of Zhao Jinshan's coming to Li Weidong was of course not to discuss how to educate children. He also hoped that Li Weidong could point out another way to make a fortune.

After a few chats, Zhao Jinshan talked about how he made money in recent months.

I saw Zhao Jinshan say: Chairman Li, I listened to you before and made a lot of money in South Korea, but now there is not much oil and water in South Korea, I don't know where to look for business opportunities next, you have to wait and see. Point to me!

The South Korean side is not completely out of oil and water. They accept the assistance of the International Monetary Fund, and they also accept their additional conditions. They have opened up many industries, and these industries will bring great profits. This is the real The big fat!

Li Weidong paused, then said, It's just that this piece of fat is not ours to eat. The additional conditions designed by the International Monetary Fund are mainly prepared for Wall Street to acquire Korean assets.

Looking at the entire East Asia region, it has basically been slapped by international financial giants, and there are still many business opportunities. Mr. Zhao, in this Asian financial crisis, you have made several hundred million, right? There's not a lot, it's time to stop!

Shut up? Zhao Jinshan was stunned for a moment, this was not the answer he wanted, and then he said, Chairman Li, I think those international financial giants have no plans to stop.

Li Weidong explained: Those who can be attacked by the country's financial predators must be areas with a relatively open financial system, otherwise, even if hot money enters, it may not be able to come out.

Looking at the entire East Asia region, the financial system is relatively open, and it has not been looted by international financial predators, so only Hong Kong Island is left. I think you should not follow those hedge funds to make Hong Kong Island short, right?

Of course not! No matter how inexperienced I, Zhao Jinshan, will not harm the interests of the country in order to make money. If I really do that, the old man in the family will have to abolish me! Zhao Jinshan said.

Li Weidong spread his hands: That's why I said, it's time to stop now.

There was a hint of hesitation on Zhao Jinshan's face, and then he said, In addition to Asia, there are also business opportunities in other places. I have heard some news that some hedge funds are planning to go to the European market.

The financial systems of European countries are much more robust than those of Asian countries, and European countries have developed for so many years, and their family background is relatively rich, and there are no obvious structural problems in the economy. International financial giants are unlikely to replicate the success of Asia.

Li Weidong said.

Zhao Jinshan smiled slightly and replied, I'm not talking about Western Europe, but Eastern Europe!

You're talking about Russia, right? Li Weidong immediately understood Zhao Jinshan's intentions.

Zhao Jinshan nodded: Russia is different from those Western European countries. I have studied Russia specifically, and their financial system has just been established in recent years, and many places are immature.

And since the disintegration of the Soviet Union, Russia's economy has not been doing well. Their economic structure is worse than that of many Southeast Asian countries. Although I don't understand any structural problems, I know that Russia's economy has many problems.

The most important thing is that Russia is a big country. The so-called hundred-footed worm is dead and not stiff. How rich was the Soviet Union back then, and Russia inherited the Soviet Union, and its family background is still very rich.

Li Weidong shook his head: Mr. Zhao, if you believe me, you'd better not go to the troubled waters in Russia. The fighting nation is unreasonable. If you are not careful, you will lose all your money. possible.

Fighting nation? Zhao Jinshan had obviously never heard of this nickname.

This is to describe the Russians, which means that they have a sturdy personality, are naturally unrestrained, and fearless. But many of them also do some unthinkable and unimportant things because of this. Li Weidong explained.

It turns out that this adjective is very appropriate. I know a few Russians, and I always whistle! Zhao Jinshan nodded.

There is no objection that the Asian financial crisis broke out in Thailand.

As for the end of the Asian financial crisis, some people think that China won the financial defense war on Hong Kong Island, and some people think that it is Russia's debt crisis.

After the disintegration of the Soviet Union, Russia has been using shock therapy. As a result, the economy has fallen into recession, and its GDP has shrunk by 40%. It can only maintain the normal operation of the country by selling oil and natural gas.

There are many problems in Russia's economy, and then shock therapy was applied. Many places directly copied the system of Western Europe, resulting in a lot of hidden dangers in their financial and economic systems, which happened to be the target of international financial predators.

After the outbreak of the Asian financial crisis, the international financial giants immediately targeted Russia after harvesting in East Asia.

Hong Kong Island has a relatively complete financial system. It must rely on the strength of the country to fight against international financial predators. Russia's fragile and unsound financial system collapsed instantly after being attacked by international financial predators.

Capital flight, currency devaluation, and debt repayment are difficult to repay. What happened in Southeast Asian countries has also occurred in Russia.

However, international financial speculators underestimate the fighting nation, and the financial war of the fighting nation is completely unruly. Russia directly made a big move, announcing an extension of the debt repayment time, or repaying the debt with commodities.

For example, the debt originally due in 1998, Russia said it would not be repaid until 2000.

But you said you want to defer repayment, who knows if you will continue to defer in 2000? If it was postponed once, wouldn't it be postponed a second time? If it continues to be delayed, will the money still not be paid back?

What's more, it also includes factors such as inflation and currency devaluation, among which there are too many uncertain factors.

In the international debt market, an unconditional announcement of a moratorium on debt repayment is almost equivalent to default.

For international financial speculators, although short selling the ruble can make a profit, the money will not be taken out until a few years later, and whether the money will actually be available after a few years is still unknown. This is undoubtedly a waste of money. drift.

International financial speculators are all playing with leverage, hundreds of millions of dollars can leverage tens of billions, and it is precisely because of this that they are pursuing short-term profits, and they will run as soon as they make money.

Under the leverage of dozens of times, how can international financial speculators wait until a few years later to get their profits! They can only close their positions and bear the losses themselves.

Therefore, the international financial speculators who went to the Russian market to make money at that time, including Soros, ended up losing everything. They were still too naive. They didn't expect that the fighting nation would not play cards according to the routine.

If the creditor does not want to postpone, Russia also provides a second way to repay the debt, which is to use commodities to repay the debt.

Russia's heavy industry is still very strong, such as metallurgical products, machine parts, electricity, energy, and even weapons and nuclear fuel, are included in the list of debt repayment commodities.

In repaying Kazakhstan's debt, Russia gave Kazakhstan more than 70 military aircraft, as well as S300 air defense missile systems.

From this point of view, even if it dares to take out nuclear fuel to pay off its debts, Russia can be considered very sincere.

However, as long as Russia's creditors are still Western European countries, the industrial capabilities of Western European countries are also outstanding. They do not lack Russian industrial products, and NATO cannot equip Russian weapons.

If you don’t want money, but you don’t want the goods, and eventually the debt is not paid, and the Russian debt crisis broke out.

Russia's use of this trick, although it has caused many international financial speculators to lose their money, has also caused the country's credit to plummet. Since then, the status of the ruble has plummeted, and it has not recovered until today.

Russia's debt crisis has also affected many European sovereign funds, causing heavy losses to many Western hedge funds.

The most typical example is the United States Long-Term Capital Management Company, which is also a very famous hedge fund in the United States engaged in debt arbitrage. Together with Quantum Fund, Tiger Fund, and Omega Fund, they are also called the Four Kings of hedge funds.

The head of the company, Merriweather, is known as the father of Wall Street debt arbitrage. His partners include two Nobel Prize winners in economics, the former U.S. deputy secretary of the Treasury, and the vice chairman of the Federal Reserve. fantastic combination.

However, in the Russian debt crisis, the hedge fund suffered. At that time, they played a 60 times leverage and made a heavy bet of more than 300 billion US dollars, trying to make a lot of money. As a result, in less than four months, he killed himself.

Fortunately, the vice chairman of the Federal Reserve is a partner of Long-Term Capital Management. In the end, the Fed personally came forward and arranged for 15 international financial institutions to inject capital, so that Long-term Capital Management was prevented from going bankrupt.

...

Li Weidong suggested that Zhao Jinshan should not go to Russia to do things, and he didn't know if Zhao Jinshan could listen.

I saw Zhao Jinshan then asked: Chairman Li, to be honest, I did make a lot of money this time, and I also accumulated a lot of money in my hands, so I can't keep it in my hands forever. , you have to find a place to invest!

It's also true that you are a financial investment company, and the money in your hand always has to flow.

Li Weidong thought about it and said, There is one place worth investing in, and that is the Nasdaq in the United States. It is not too late to enter the market now.

You want me to buy American stocks? Zhao Jinshan asked.

Li Weidong nodded: Especially in the stocks of the Internet industry, it is very suitable to make short-term investments. At least it will be bullish in the next year, and it is hard to say after a year.

During the Asian Financial Crisis, the wealth of Japan, South Korea and Southeast Asia was looted, but the wealth must not disappear out of thin air, right?

The wealth that Japan, South Korea and Southeast countries have accumulated over the years, how can it be said that there is no such thing!

Where did all this wealth end up?

Two years later, the Internet bubble in the United States told the world the answer.

As early as 1994, the Internet bubble in the United States began to blow, and the Nasdaq index, where technology stocks mainly gathered, began to rise continuously. Bill Gates also became the richest man in the world in that year.

After the outbreak of the Asian financial crisis, Wall Street scoured a lot of capital in Asia, and there was also capital flight from Japan, which eventually converged on Nasdaq in the United States.

In 1998, the Internet bubble in the United States could continue to inflate for two years.

Li Weidong's remarks made Zhao Jinshan a treasure, so he quickly took notes.

Then Zhao Jinshan asked, Chairman Li, you just said that Nasdaq is more suitable for short-term investment, but what about the long-term?

Are you still making long-term investments? Li Weidong was slightly taken aback.

In Li Weidong's impression, Zhao Jinshan's financial investment company should be similar to those hedge funds. Wherever there is a smell of blood, it will fly wherever it is, and run away after earning a dollar.

Zhao Jinshan replied: It can't always be short-term! Long-term income is relatively stable. Of course, it is better to have a relatively high rate of return.

Li Weidong thought for a while, and said, Long-term investment projects have a relatively high rate of return, and it's not impossible.

What is it? Zhao Jinshan asked immediately.

Li Weidong didn't answer, but said with a smile, Mr. Zhao, I'm also interested in long-term investment. It just so happens that I also have a little spare money. For example, count me a share, how about that?

Chairman Li is here very much, I can't ask for it! Zhao Jinshan immediately showed a happy expression.

Zhao Jinshan was eager to bring Li Weidong into the business. After all, Li Weidong would not joke with his own money. If Li Weidong is willing to come, it means that this investment project will definitely make a lot of money.

On the contrary, if Li Weidong spoke up and refused to invest real money, Zhao Jinshan would feel a little guilty.

Li Weidong said, Mr. Zhao, your financial investment company mainly operates on Hong Kong Island. Recently, the housing prices on Hong Kong Island have dropped a lot, right?

It has dropped a lot, and no one has bought it even if the price has dropped. Zhao Jinshan said.

This is a good investment direction! The economy of Hong Kong Island still has great potential for development in the future. Now, taking advantage of the downturn in Hong Kong's property market, it is a good opportunity to hunt for the bottom! Li Weidong said.

What do you mean, to invest in real estate on Hong Kong Island? Zhao Jinshan nodded suddenly, and then continued;

This is a good investment direction. I have heard it for a long time. Buying a house on Hong Kong Island is guaranteed to make a profit. Many rich people on Hong Kong Island started their business in real estate.

Li Weidong said, I'm not talking about houses, but shops! Take advantage of the cheap prices now, go to a prosperous commercial location like Causeway Bay, buy a street shop, and wait for the appreciation in the future!

Shop? Is the return on investment high? Zhao Jinlong asked subconsciously.

Of course it is high. There is a saying that one shop raises three generations. After a few years, the shops in Causeway Bay can make one shop rich for three generations! Li Weidong said with a smile.

...

The Asian financial crisis has had a huge impact on the property market on Hong Kong Island, and this is also the best time to buy a house on Hong Kong Island. After this period of time, the economy of Hong Kong Island has developed rapidly, housing prices have soared, and it has become a luxury for ordinary people to buy a house.

The 4,000 Hong Kong dollar one-foot Victoria Bay sea view house seems to be unimaginable now, but at that time it needed a good floor to sell.

At that time, the price of a public housing unit of 190,000 yuan could rise to tens of millions after more than 20 years.

The same is true for shops. In the most prosperous area of ​​Causeway Bay, the price of shops has also dropped to the price of cabbage.

In the future, the monthly rent for one square meter here can reach 180,000 yuan. A shop with a small slap can easily pay a monthly rent of millions, and there are many shops with a monthly rent of over ten million.

The charterer Wang Guang only collects the rent of the shops, which is more than 10 billion every year, and many Hong Kong island package stars are rich and small, but there is no business at home, but there are only a few shops that can be rented out.

Compared with the investment in residential, the return on investment in prosperous shops is much higher.

Now is the time when the housing prices on Hong Kong Island are the lowest.

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