Chapter 182 Consortium
Although Yang Xing was unable to get the Shanghai Global Financial Center project, it was because he had made early arrangements and took advantage of the Asian financial crisis to hunt high-tech and talents and high-quality companies that were temporarily trapped in liquidity traps to Japan and South Korea to pick up treasures. Not only did he win the Yakan company during his trip to Japan, but he was also lucky to pick up this project by accident.
Although the total cost of this project is as high as HK$7 billion, the early design, land and other problems have been solved by Mori Construction Co., Ltd., and the cost of domestic labor and building materials is relatively low compared to the same type of skyscrapers abroad. This is a reason why Yang Xing dared to add budget after taking over and increased the height of the building's original design.
Another reason that cannot be said is that he remembers that the total height of Taipei 101 Building, which started construction the next year, was 508 meters, and it jumped beyond the 492 meters originally designed by the financial center and became the tallest building in the world. Why can Ah Bian, as president, cut the ribbon for the world's tallest building? In the original time and space, this building has become the second in the world as soon as it was built? Yang Xing didn't want his Chinese headquarters building to be surpassed after it was repaired. After the redesign, he would suppress the end of the Taipei 101 Building! And he also had a bigger dream in his heart. If this financial storm could make his imagination, he also wanted to be willful and fulfill his bold statement when he arrived at the Kai Tak Airport in Hong Kong for the first time. His headquarters in Hong Kong must surpass the world's first Dubai Tower in the future!
Although Yang Xing is a reborn person, he is not God, nor is he omniscient and omnipotent. His biggest advantage is that he knows the development trends of many major events in the future, but his understanding of the operation and changes of microscopic things is not much better than that of economic researchers of the same era. His memory cannot remember the time and reason of each event. Most of it is just a vague fragment in his mind to infer the general cause and time period, but it cannot be precise.
He had no impression of the serious bad debt problems in the Japanese financial industry like this time. Instead, through the investigation report of the Stardou Research Institute and the contacts with information from the National Security Bureau, the Bureau of Confidentiality and other information provided by the "Peercist" organization, it was only after comprehensive that the causes behind these major events were clarified and reasonable inferences and decisions were made. Now he was preparing to rely more and more on these aspects of information as the basis for his decision-making, and gradually reduce his subjective judgment. When his memory loses the ability to "premonition" one day, he will not panic and let his business empire collapse.
When he was in Japan, many researchers at the Stardou Research Institute accompanied him suggested to him that given that many large consortiums in South Korea and Japan were in trouble due to the bursting of the bubble economy and the lack of their own business structure, many companies were in trouble and were attacked by the Asian financial crisis. It is expected that as the financial crisis spread northward to South Korea and Japan in the second half of the year, many companies would face the fate of bankruptcy. If a sum of funds is mobilized to merge them at this time, it would be a once-in-a-lifetime opportunity for Zhongxing International to grow from a Hong Kong regional enterprise to an Asian consortium.
After World War II, Japan took the lead in introducing financial and economic policies to support large consortiums in China, and the South Korean government followed suit and began to support domestic chaebols. With the support of state funds and the country came forward to guarantee loans, old-style large family enterprises in South Korea and Japan were resurrected one after another. Mitsui, Mitsubishi, Fuji, Samsung, Hyundai, LG, and Daewoo, etc., the unique large consortiums of South Korea and Japan rose to become top consortiums that can influence the world economy. Their unique Asian-like family management methods have become the object of learning from many Asian countries, including China.
The core of the consortium economy was first proposed and emphasized by the Japanese government, imitating the "team spirit" method during World War II. The consortium was centered on large financial institutions, with which it was centered on, and did not let the major enterprises in the consortium fall behind like escort. Under such a way of thinking, the fact that large Japanese financial institutions do not go bankrupt is an inherent impression in the minds of every Japanese. The business scope of the six major Japanese consortiums even expanded to every aspect of Japanese life. The Hitachi Company, where Yang Xing once dealt with, is a member of the Fuji Consortium among the six major consortiums.
However, the bursting of Japan's bubble economy in the early 1990s brought great impact on this consortium model. By 1997, the Japanese economy could not recover for six consecutive years and the government was helpless. Under pressure, the ruling Liberal Democratic Party government adopted the neoliberal marketist theory implemented by the United States, and decided to let market forces change the status quo, modify many domestic laws that restrict foreign investment, stop government intervention in everything, and often use "administrative guidance" to regulate the economy to allow the market to eliminate those companies that lack competitiveness.
This reform idea first impacted Japan's traditional consortium model. The cloud of bankruptcy of large financial institutions shrouded the top ten major banks in Japan. On November 17, 1997, the largest bank in Hokkaido region, Japan, announced bankruptcy, which was the largest bankruptcy incident in Japan since World War II. Hokkaido Takuba Bank went bankrupt due to a huge bad debt loss of about US$7.8 billion, and the financial storm finally showed its power to Asia's largest economy. Before this, Morikkaido Takuba Corporation, which received a large amount of funds from Hokkaido Takuba Bank, had a bad premonition. In order to escape from the sinking ship of Hokkaido Takuba Bank, Morikkaido was forced to transfer Shanghai Global Financial Center with one-third of its cost. Yang Xing could be said to have taken a big advantage.
Stimulated by this favorable environment, after attending the groundbreaking ceremony of "Oriental Star", Yang Xing called out his concept of the next stage of acquisition target in the villa of Yang Xing's newly completed "Star World No. 1" by Zheng Yunlong, Wang Yunqi and other confidants.
In the secret "golden house hidden in the beautiful house" of Yang Xing, Shanghai Xingtiandi, everyone has seen this villa with a combination of Chinese and Western style in the center of Shanghai. Although everyone has different opinions on Yang Xing spending money to build a gold-defeated mansion in a place where every inch of land is worth every little, they all recognize that this place surrounded by birds and flowers is singing, and the place surrounded by green waves is worthy of the four words "The Wonderland of the World".
On a small yacht on Xinghua Lake, everyone took the coffee made by Wang Yiren and reviewed it, and then hurriedly put down the cup and flipped over the plan that Yang Xing handed them. Obviously, compared to Yang Xing's every time he proposed a plan that was beyond imagination, Yang Xing's stunning assistants, the unique fragrance of Lanshan Coffee and the picturesque beauty around them could not attract them. They stared at Yang Xing with all their attention, seeing what shocking ideas he could give this time.
Yang Xing was still in a mood to experience the fragrance of Lanshan coffee. He smiled knowingly at Wang Yiren and Wen Tian. There was no way. As long as he mentioned that he had made a lot of money, even the "Confucian businessman" Wang Yunqi would leave his favorite antiques and hurried to find out. It was really a bustling world, and everyone was going for profit!
When Liao Qing brought the chopped fruit plate to everyone's seats, everyone's expressions were surprisingly serious, and they didn't even look at the colorful fruit with toothpicks in it. She pouted her mouth and asked Yang Xing: "What did you show them? Sister Wang's freshly ground coffee and the fruits that he had worked hard to cut are ignored." Seeing that everyone was not paying attention to them, Yang Xing took the opportunity to touch her round buttocks, "This involves a transaction of tens of billions of dollars. Even if you dance striptease in front of them now, they won't look up."
Liao Qing was shocked, not caring about Yang Xing's robbery, and picked up a document on the table to look at it in detail. During this period, Shi Meiheng had to learn flying in the United States for a whole year, Tan Li and Wen Tian had to take turns to charge at Shanghai China-Europe Business School. She also had to temporarily act as Yang Xing's work assistant from time to time. Unlike before, just taking care of Yang Xing's diet, daily life and other life issues, she naturally showed a strong interest in Yang Xing's proposal. Yang Xing was also very satisfied that she could learn more and attached it to her ear to explain it to her one by one.
As for Yang Xing's former assistant Wang Yiren, she is now in a high position and has been responsible for many specific affairs of Zhongxing International. During this trip to Beijing, Yang Xing felt that the connection channels between him and Beijing were still weaker. He hoped to establish a communication channel with government departments, at least not to happen again that Northern Star City was banned in Beijing, and they knew nothing but could only make up for it later. Guo Ying was entrusted by Yang Xing as director of Zhongxing International, using her many years of connections in Beijing to leverage her "public relations" talents. With the assistance of the Zheng family and the Wang family, he took advantage of the opportunity that he still had some value to the central government and seized the time to establish a network of relationships in the political center of the capital.
Yang Xing's plan is very simple. He hopes to take the opportunity to attack several major consortiums in South Korea and Japan. In the plan, he mentioned that China Star International swept away more than 3 billion US dollars from Hong Kong and obtained almost the same amount of investment income from this Asian financial crisis. Excluding the investment required by many domestic projects and the development funds left by several major listed companies, Yang Xing can use nearly 3 billion US dollars in overseas acquisitions at this stage. His opinion is not to find multiple Southeast Asian companies piece by piece, but to concentrate strength to directly challenge one or two major consortium companies in Japan and South Korea!
Wang Yiren and Wen Tian, who drafted this plan personally, heard Yang Xing's understatement of the explanation to Liao Qing, and even made Liao Qing laugh and couldn't help but feel angry. This was the plan they had worked hard for several nights before they came up with. Although their ideas belonged to Yang Xing, it was the first time they were responsible for such an important investment plan. Yang Xing turned it over and threw it to everyone, making everyone's heart heavy. He was still eating fruit leisurely.
Yang Xing just pretended not to see Wang Yiren's murderous eyes, and smiled heartlessly: "What, this is scary. In fact, to challenge a large consortium, there is not much difference between 5 billion and 10 billion. They are not something we can do at this stage. But you have to forget what the original intention of finance is, it is nothing more than using other people's money to do their own business and using other people's heads to make money for themselves. We have to borrow chickens to lay eggs, so we have to form a consortium first."
Everyone's thinking suddenly became clear. Now that the Asian financial crisis is raging, the Korean and Japanese consortium is at its weakest time. There is never a shortage of bloodthirsty hungry wolves in this world. It is not difficult to find someone who takes advantage of the situation. It just needs a valuable goal.
Chapter completed!