Chapter 1289 Undercurrent

It is said that the new year brings new atmosphere.

Actually, it is not true.

An undercurrent is brewing in the United States, surging, accumulating strength, waiting for the opportunity to break out.

Liu Tao, who is far away on the other side of the Pacific Ocean, can smell this dangerous breath.

At this time, Liu Tao is very sure that the subprime mortgage crisis in the United States will break out.

The US subprime mortgage crisis is a financial crisis caused by the bursting of the real estate market bubble.

The reason why it is called the subprime mortgage crisis, rather than the real estate crisis, is that American banks and financial institutions launched subprime mortgages to provide loans to people with low credit scores. As house prices continue to rise, these loans are regarded as high-risk investments. However, as house prices fall and interest rates rise, many borrowers are unable to repay on time, resulting in an increase in subprime mortgage defaults. This triggered a credit crisis for financial institutions and led to turmoil in global financial markets.

That's why it is called the US subprime mortgage crisis!

The main reasons for the subprime mortgage crisis are the four reasons for the United States' loose monetary policy, lack of supervision, excessive borrowing, and real estate bubble!

It can be said that the subprime mortgage crisis has been brewing for some time.

The signs of this began last year. The prosperity of the US real estate market began to reverse, house prices fell, and many people's properties became negative assets, causing them to be unable to repay their loans on time. At the same time, due to excessive lending by banks and financial institutions, a large number of non-performing loans began to appear. At this time, panic began to appear in the market, and investors began to sell real estate and related securitization products.

Since last year, think tanks have analyzed the possibility of a subprime mortgage crisis in the United States, which will evolve into a financial crisis. The think tank analyzed that the probability of a subprime mortgage crisis in the United States is very high, and then the subprime mortgage crisis will evolve into a financial crisis, not just a financial crisis in the United States, but a financial crisis that will affect the world.

In response to this, since last year, a series of plans have been formulated to squeeze bubbles and build more firewalls.

Hong Kong is also acting in secret.

So far, Hong Kong's housing prices are still far ahead of the rest of the country.

So far, Hong Kong's industrial structure has undergone a fundamental adjustment, and it is no longer as much manufacturing as before.

The current industrial structure of Hong Kong has become finance, education, Internet technology, biotechnology, and high-end manufacturing!

So far, Hong Kong no longer has low-end manufacturing and mid-end manufacturing!

The once prosperous game console manufacturing industry has all moved north or to Southeast Asia, leaving only game development in Hong Kong.

As a place that implements the capitalist system, Hong Kong is the forefront of China's exchanges with the world, a bridgehead for overseas companies to enter China, and a meeting point for the development of China and Southeast Asia. It is a world-class financial center and an international metropolis.

In Hong Kong, various world-renowned brands can be seen everywhere.

Of course, as the intersection of Eastern and Western cultures, it is inevitably influenced by Western culture, and capital operations are also deeply influenced by Europe and the United States.

It is normal to use a house as collateral or learn from the United States to engage in subprime loans.

An important task of Liu Tao's visit to Hong Kong this time is to find out the situation in Hong Kong and minimize the losses.

As for no one losing money, this is impossible!

Since you dare to take risks, you must also bear the cost of taking risks.

The greater the risk, the more expensive the fish!

Moreover, it is still the era of globalization, and the United States is still the world's number one power. The subprime mortgage crisis in the United States has evolved into a financial crisis, which will inevitably affect the world.

It's nothing more than some people are affected more and some are less affected.

During this period, the assets at home and abroad controlled by Panshan Group were continuously cashed out to reduce losses and have sufficient cash flow to deal with the upcoming crisis.

If this crisis is not handled properly, the losses caused are extremely shocking.

The financial crises that have occurred in the past two decades have continuously confirmed this.

In the evening, Liu Tao went to visit Huo Yingdong.

Huo Yingdong, 83 years old, is not as healthy as before and is ill.

Even if he has a master of traditional Chinese medicine to take care of his body, he may not last more than five or six years.

As the first wealthy businessman in Hong Kong, he has played a vital role in the development of Hong Kong in the past few decades, and his contribution to the development of the country is worthy of recognition.

After the reform and opening up, there are countless Hong Kong businessmen, Chinese and overseas Chinese who have gone to the mainland to invest and build factories because of the impact.

In this regard, the contributions that can be compared with Huo Yingdong can be counted on one hand.

And the country has also given him all the honors that can be given to him.

The Huo family is the first wealthy family in Hong Kong, and with the honors Huo Yingdong has received, it can be said to be extremely noble.

Even if Huo Yingdong passed away, as long as the children of the Huo family did not commit suicide, they would be able to leave a legacy for the rest of the world.

As for those who could not keep the power and wealth of the Huo family decades later, and their family fell into decline, no one could be blamed for this.

When Li Mo met Huo Yingdong, Huo Yingdong was obviously much thinner than last year.

Huo Qigang and Guo Jingjing each held one of his hands.

Long before, the Hong Kong media began to describe the relationship between the two, and in fact, the relationship between the two gradually stabilized.

Huo Qigang spent several years, and he followed Guo Jingjing to watch her games whenever she played.

If it were not for the Beijing Olympics, and if she went to fight for the country and win honors for the country, Guo Jingjing would not be willing to get married at this time, and they might have gotten married now.

Currently, Guo Jingjing has won 23 world championships. After Fu Mingxia retired again, she became the queen of the 3-meter board in China and the first person in the world.

Every athlete will not give up the Beijing Olympics as long as there is a little hope.

Because this is the Olympics held in their own home, the significance is completely different from other Olympics.

Guo Jingjing looked nervous.

But when I saw her again here, Guo Jingjing still looked nervous.

She smiled and said, "Relax, don't be nervous, I'm not a tiger, I won't eat people!"

But the more she said this, the more nervous Guo Jingjing looked.

Because in addition to her national team status, she is also a member of the diving team of the Panshan Sports Team.

After chatting with Huo Yingdong for a while, Huo Yingdong seemed to be in poor spirits.

After staying at Huo's house for a meal, Liu Tao left Huo's house with the farewell of Huo Zhenting, Huo Qigang and others.

This time, Liu Tao clearly felt that Huo Yingdong was already arranging his affairs after his death.

It is estimated that even he himself had a premonition that he might not live long, and he had to hurry up to arrange his affairs after his death.

After all, Huo Yingdong has quite a few children. His third wife, the first wife, gave birth to three sons and three daughters for him, the second wife gave birth to three sons for him, and the third wife also gave birth to four sons for him, a total of 10 sons and 3 daughters.

Although before this, Huo Yingdong had formulated family rules that only allowed members of the first wife to engage in business activities to ensure the stability and development of the family business.

The children of the second and third wives were even sent to countries or regions such as Southeast Asia.

However, the case of the fight for the family property of the rich has not been staged in Hong Kong more than once or twice. (End of this chapter)