Chapter 184 Shanyi Securities

Hong Kong's Popular Tsing once loved to talk about the most is that they are the largest investment bank in the entire Asian region except Japan. The subtext is that if Japanese investment banks are included, their position will fall out of the top five. Although they have experienced the drag of a decade of bubble economy, the Japanese economy is still the second in the world, and Japanese financial institutions are still the top in Asia.

As Japan's fourth largest securities company, Yamaichi Securities once had a glorious period. The company was founded in 1897, and this year it happened to be the 100th anniversary of its entrepreneurship. It mainly operates stock and bond businesses. Before the 1990s, it was Japan's largest securities company, but since 1992, it began to experience a loss deficit, and since then it has been declining. By the end of March this year, it had a deficit of 164.7 billion yen (about 1.3 billion US dollars).

The leaking house was raining all night long. In July this year, the Tokyo District Procuratorate discovered that the company illegally provided funds to the underworld organization "Zhonghuiwu". Immediately, the special search headquarters conducted a mandatory search of Yamaichi Securities and arrested the company's president Sanbo. A total of 11 other company leaders were also forced to resign. In November, Japan's Ministry of Finance (Ministry of Finance) announced to the public that it was found that Yamaichi Securities had 260 billion yen out-of-book bonds, which shows that Yamaichi Securities was not only heavily in debt, but also illegal acts, deliberately concealed some of its debts and had "out-of-book debts" that could not be seen in the books, which immediately discredited its reputation.

By the time Yang Xing drew a black line on its name, Moody's, one of the world's three major credit rating agencies, has announced that Yamaichi Securities' bonds have no credibility, which means that Fuji Bank, the largest support bank behind Yamaichi Securities, is about to leave him. As a core financial institution among the Furong Consortium, one of Japan's six major consortiums, the fate of Yamaichi Securities is already very obvious. Many financial media in Japan and abroad are speculating that it may announce its bankruptcy this month.

If Yamaichi Securities goes bankrupt, then this company has 431.3 billion yen shareholder funds; keeps assets of 23.96 trillion yen for customers; total assets of 570.84 billion yen, and has 118 branches and business departments at the same time. The bankruptcy case of a company with branches in 33 countries and regions will be the largest bankruptcy case in Japan after the war, which is enough to shock the Japanese archipelago. It will also be the largest bankruptcy company in Asia this year. It can be imagined that the psychological blow to the already stormy Asian countries. Yang Xing actually chose it as the first acquisition target, and everyone couldn't help but want to open his head to see if it was full of red slurry inside.

Seeing that everyone was overstriking, Yang Xing slapped them and woke them up from their despair. He smiled and picked up the almost cold Lanshan Coffee on the table and took a pleasant sip. He was obviously satisfied with his "surprise" he gave them: "Don't be nervous. Although Shanyi Securities claims to be in debt of 3.3 trillion yen, which is approximately equivalent to 24 billion US dollars, it also has more than 5700 billion yen total assets of 44 billion US dollars, which is not considered insolvent. This time I only plan to incorporate its branches abroad, and I do not intend to involve its local business in Japan. It only costs one or two billion US dollars."

As soon as he finished speaking, everyone recovered, but they were angry that Yang Xingqian had given out $100 billion in his downplay. From last year to the first half of this year, everyone worked hard to raise money in Hong Kong, but they only raised more than $3 billion. Even if they took advantage of the Asian financial crisis this time, Yang Xing made excessive profits in the foreign exchange markets such as the Thai baht, Indonesian rupiah, etc., but they only earned about $2 billion. He spoke only $100 billion, and he really didn't treat money as money!

Yang Xing ignored everyone's angry eyes and continued: "Shani Securities' off-book debt is actually a false account made by its overseas institutional investment failure, which is to make up for the losses. It also includes the handling fees of the middle and senior management of Shani Securities for some underground transactions overseas and some expenses of their non-company businesses. Therefore, Shani Securities is so close to the gangsters that it is inevitable that money launders and political donations will be suspected. All this is known by the Japanese financial regulator, the Ministry of the Dazang Province and the Bank of Japan. But why did they find no problems during the inspections in 1995 and in September this year? It was just a tacit understanding."

Yang Xing threw a large file bag into the middle of the table and pointed to the information inside and said: "This is the information about all the underground relationships between the Japanese consortium and the government collected by Xingdou Research Institute last year. There are also some recordings and videos of Japanese bank officials from Japan that I took the risk to reach secret agreements with several major Japanese financial institutions. Just look at it. There are no outsiders here, but you can't disclose them to anyone. I will choose the right time to disclose them to the public. At that time, they can be used to give Shanyi Securities a fatal blow."

Only then did everyone understand that Yang Xing arranged for them to have a party on the lake. She took out the information in the file bag with some doubts. There was no problem reading it in Chinese. Wen Tian translated the tapes and video tapes to everyone one by one. Seeing Tan Li's efforts, it aroused her competitive spirit. Although Yang Xing's PPG platinum card was allowed to be used casually, she also understood the reason that she could not rely entirely on men. Not only did Tan Li enroll in a day class at the China European Business School, she also enrolled in a cram school in accounting, Japanese and other aspects to recharge herself. So even if there were a lot of financial professional terms in the recording and video, she could still make a lot of comments.

After listening for a while, everyone showed a sudden enlightenment. In fact, this involves a chronic disease in developed countries such as the United States and Japan - the revolving door. The revolving door refers to many senior officials in the United States and Japan reaching agreements with some large enterprises that have close ties with the government in the late stages of their political careers and implementing special care for them. After they step down, they immediately take up senior executive positions in these large enterprises and receive high salaries in return. Sometimes the appointment of government officials is directly promoted from these enterprises, allowing the executives of these companies to transform into senior officials who formulate relevant policies, and they will naturally implement policies that deviate from these large enterprises.

In the United States, these companies are called military-industrial communities, and in Japan, they are six major consortiums. Therefore, it is common for such collusion between the political and business circles to seize high monopoly profits. Several former senior officials of Yamaichi Securities hold senior positions in the Bank of Japan and the Province of Otakonomiya. Several inspections of Yamaichi Securities are useless. If Yamaichi Securities were not able to recover this time, if the Tao Tao and the Bank of Japan could not cover the cover, they would have to let go of Yamaichi Securities.

The data also shows that even if Yamaichi Securities goes bankrupt, many senior executives of Yamaichi will have multiple ways to get out easily. The easiest way is to use the emergency aid funds used by Japan's Takuma Province. Since the beginning of this year, with the banking industry in Hokkaido, Tokuo Bank, Ogawa Securities, Echizen Securities, Sanyo Securities, etc. in the securities industry in Japan, Japan's Takuma Province decided to consider using public funds to stabilize the Japanese financial system, that is, Japan's central bank, the Bank of Japan, provides special loans to many financial companies that are considered "too big to fail" to protect the interests of investors. It is estimated that the emergency aid funds can reach up to US$125 billion. As for whether it is appropriate to use the money of the majority of taxpayers to relieve financial institutions, it depends on your opinion.

The company's senior management has reached a consensus on the $2.2 billion loss that Shanyi Securities has formed overseas and choose a scapegoat to bear. As for the company's bankruptcy, using emergency aid funds to change its appearance, the company's senior management can still make a fortune if it changes its environment. As for the loss to the public and the thousands of employees who have suffered from the lower level, they will not be considered by them if they find a job again in the current world. Everyone was very disgusted with the cold-blooded behavior of Shanyi's senior management, but they even expressed their admiration for Yang Xing's ability to get such secret information.

Yang Xing smiled proudly to everyone's compliment. Although Lin Jiana was still fighting with the Valiant organization in Eastern Europe, in order to repay Yang Xing's continuous financial support, she handed over most of the members of the "Pepsiker" organization in Western Europe to Yang Xing. Yang Xing also took over the hodgepodge team composed of computer hackers, retired CIA intelligence analysts, and resigned Israeli Mossad personnel. He relied on Lin Jiana's deputy, a German in his fifties, and secretly established a smaller but completely obedient intelligence agency outside Shen Changzheng's organization. Uttings was responsible for spying on West German intelligence in the former East German intelligence agency "Stasi". After the two Germans were unified, he fled abroad and was contained and protected by Lin Jiana. After obtaining the information in front of him, it was also the first test of the intelligence organization after it was established. Obviously, the results were very satisfactory.

Everyone had the handle of Shanyi Securities in their hands and naturally felt calm, and they also added a lot of confidence in hunting it, so they began to discuss how to carry out planning and preparations before the financial war. Yang Xing suddenly thought of Lin Jiana, who was abroad from the information on the table. It has been more than half a year since the General Staff Intelligence Department took over and contacted her. However, there was no movement on both sides. He was forced to join the army and became an air force major, mainly for this plan. When will this hard life end?

On November 24, "Yanichi Securities", one of the four major securities companies in Japan, held an interim board of directors and formally decided to "self-abort business". The so-called "self-abort business" means that the securities company whose business status has deteriorated and cannot continue to operate voluntarily applied for the return of its business license and declared it in fact bankruptcy. After receiving the application from the securities company, the Ministry of Otaku must immediately inspect it and confirm that the customer's assets are not damaged. However, if a major illegal incident is found during the inspection, it cannot accept "self-abort business", but instead imposes a punishment of revoking the license to the securities company.
Chapter completed!