Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading

Free Web Novel,Novel online - All in oicq.net -> Romance -> dream era

Text Chapter 1625 The enemy is here

Previous page        Return to Catalog        Next page

    The habit of Chinese people is to save money. This has not changed even after they immigrated to the United States.

    In many banks, such as Bank of America, Citibank, JPMorgan Chase, etc., at least 80% of personal deposits are deposited by Chinese people, even though the interest rates of European and American banks are ridiculously low.

    During the Anti-Japanese War, the Chinese in the United States destroyed their families to provide relief, took out all their property and sent it back to the country to support the Anti-Japanese War. Americans once exclaimed, "The Chinese are about to drain all the money in the bank!"

    Although Tang Mingxiang developed in the United States, she still inherited the fine traditions of the Chinese people. After receiving the US$38 billion, excluding taxes, bonuses, and subsequent acquisitions of Facebook and Zappos, as well as office expenses, Tang Mingxiang  Mingxiang still has at least 23 billion US dollars in hand.

    Because of the cooperative relationship with Xiao Qi, Tang Mingxiang also deposited the 23 billion US dollars in the New York branch of Citibank, adding another contribution to Wade's business.

    Precisely because this amount of money is deposited in Citibank, many people know that there is such a huge amount of money, and many people are trying to figure it out in various ways.

    Tang Mingxiang is very smart and trusts her husband. Anyone with the banner of "financial derivatives", although it is not like letting the dog out, will definitely not see it.

    As for the various projects seeking investment, there are also many experts under his command who are testing them. So far, there are not many good projects that can catch Tang Mingxiang's eyes.

    Therefore, Russia¡¯s three major oil giants took a fancy to the huge amount of cash in Tang Mingxiang¡¯s hands and wanted to borrow it.

    ¡°Russians are very generous when they need money.

    Oil itself is black gold buried underground. As long as you dig it out, you can make money, so it lends funds to the oil industry.  The interest charged is generally not low.

    European and American oil companies borrow money on their own, and Wall Street also offers interest rates of 6% to 12%, given the various government backgrounds.

    As for Russia, given the consistently bad relations and the Westerners¡¯ wariness of Russia, the price usually reaches 12%-18%.  If it is a short-term huge loan for one and a half years, it may exceed 20%.

    When they approached Tang Mingxiang through Wade from Citibank, they offered the highest interest rate of 18%, and the collateral was three large oil fields owned by three oil giants in Russia's Siberia, Caucasus, and the Far East.

    With so much collateral and such high interest, they naturally demand a lot. What they need is Tang Mingxiang¡¯s loan of 20 billion US dollars.

    Tang Mingxiang has never been interested in lending money to others.  Especially the Slavs, who have always been known for breaking their promises.

    The bright and moving girl who grew up under the red flag has never forgotten the sins of the Slavs.

    When we were helping our little brothers fight against the so-called coalition forces, the Slavs told us, let¡¯s all go together!  As a result, when we rushed to the battlefield, they stood back and watched the show, and changed their words and said, "You go ahead, you provide the men and I will provide the weapons."

    After four years of hard work.  After getting a tough draw, a few more years passed.  Because the Slavs had a bad relationship with us, they directly demanded that the weapon money be returned - give it back to your sister!  Hundreds of thousands of our soldiers fought bloody battles, but what they got in return was this kind of consequence!  ?  It really makes all Chinese people firmly remember this greedy, shameless and untrustworthy polar bear.

    Therefore, Tang Mingxiang refused without even thinking about it, and there was nothing to talk about.

    Wade had no choice but to find Xiao Qi and wanted Xiao Qi to persuade Tang Mingxiang to agree.

    Because it seems to Wade.  This business is definitely a bargain. Even if the Russians fail to pay back the money in the end, the value of the three oil fields used as collateral is well over 20 billion US dollars, which is definitely a bargain.

    As for the breach of contract issue that Tang Mingxiang was worried about.  That's not a problem at all.

    Now the Russians are much more honest. If they dare to break the contract for this kind of business that is registered on Wall Street and led by Citibank and takes place in the United States, no one will dare to do business with the Russians from now on!

    Europe and the United States will definitely block all Russian overseas accounts, and Russian companies will definitely kneel down and beg for mercy!  !

    But Xiao Qi still refused, but he made another suggestion to Wade, that is, Xiao Qi himself provided 20 billion US dollars and lent it to the Russians for one year.

    Interest rates are easy to talk about, but Xiao Qi doesn't want their oil fields. He wants to sign an agreement with these three Russian oil companies, which means that he has the right to purchase at the transaction price on that day until December 31, 2008.  The three companies must not shirk or reject the oil and crude oil worth US$50 billion.

    No one who can survive on Wall Street is a fool.??

    When Wade heard Xiao Qi¡¯s request, he immediately knew what was going on. That was, Xiao Qi was not optimistic about the rise in oil prices this year.

    But even if it doesn¡¯t rise, according to the current situation, I¡¯m afraid it won¡¯t be too low by the end of the year.

    ¡°Could it be that the cheap oil the Chinese bought in the previous year was not enough and they still want to stock up?

    Wade did not understand what Xiao Qi thought, and Wade did not ask. The people who were doing banks were very strict when they were doing business. They should never ask.

    In addition to this requirement, Xiao Qi also has two conditions.

    The first is that the loan is in U.S. dollars, but the repayment must be in RMB. The RMB will continue to appreciate in the past two years. Although the loan period is only one year, what's wrong with reducing losses?

    Second, the Russian company must have a guarantor. The guarantors are Goldman Sachs and Citibank. He doesn¡¯t care what method the Russians use. Anyway, in the final agreement, these two financial giants must sign the guarantee agreement.

    The Russians didn¡¯t think too much. When they saw Xiao Qi¡¯s conditions, the top executives of their three companies immediately agreed to all Xiao Qi¡¯s requests after two days of discussion.

    No oil fields, just oil?

    That¡¯s great!

    Oil is sold at market prices. If the oil field produces more, you may earn more!

    Want to bet that oil will fall this year?

    It¡¯s already $100 now. Even if it falls, to what price can it fall?

    Even if it falls to the lowest level, it can¡¯t be lower than the cost price, right?

    ???????????????????????????????????????????????????????? Oil is a capital-free transaction, and at most it won¡¯t make any money at all. The purchase payment of 50 billion US dollars will definitely be a great supplement to the company¡¯s cash flow!

    As for borrowing US dollars to repay RMB, that is no problem. Anyway, there are transactions between China and Russia, as well as oil sales. At most, the payment is required to be in RMB. This reduces the exchange loss of US dollars and the company still makes a profit!

    Fool!

    After signing the agreement, Xiao Qi and the Russians called each other this way in their hearts.

    With their wisdom, they cannot imagine that the price of oil will soar in the first half of this year, and may even reach a record high of US$147 a barrel.

    However, as the U.S. government launched a fierce crackdown, the price of oil fell. In just five months, the price of oil fell to a fraction of the price. The lowest price during the year actually reached about 34 US dollars, which was lower than anyone else.  glasses.

    But at this price, not many people dared to buy it, because everyone was frightened by this price drop, fearing that another avalanche would happen after buying it, directly falling to the level of oil prices in the 20th century.  ¡ª¡ªThis is the same as our home buyers, who buy up prices rather than down prices.  So you said how disgusting those experts are, insisting on treating this idea as a bad habit of the Chinese people. It is obviously an idea that everyone has, okay?  You have to disguise yourself as a high-level expert, but you don¡¯t know how disgusting you are!

    Entering the era of industrialization, oil is the blood of the entire industry, and countless industries require the use of oil and its derivatives.

    ??A country as big as China, and an oil-poor country on land, will always be short of oil. No matter how much oil it has, it can eat it.

    In the previous year, China¡¯s four major oil giants, including China National Aviation Oil, bought a total of 4 billion barrels of crude oil, totaling 572 million tons, and spent a total of 240 billion US dollars!

    But this crude oil seems to be a lot. In fact, China¡¯s consumption reached 380 million tons in 2008, 400 million tons in 2009, and exceeded 500 million tons in 2012, with the import proportion exceeding 53%!

    So this amount of oil is enough for 2007, 2008 and 2009, and domestic oil production cannot be stopped.

    It is precisely because of such heavy usage pressure that China's oil companies are also thinking about how to buy low and sell high to save some money. However, their so-called experts are all fools. Their historical methods of operation are exactly opposite to the performance of the market, time and time again.  Being cheated is simply speechless.

    Xiao Qi does various things in the petroleum field. Firstly, he is not used to seeing others cheating Chinese people all the time. Secondly, he wants Niu Ruzheng to make more contributions. The more stable his backing, the more stable his business will naturally be.

    From another perspective, he can do this, but Tang Mingxiang cannot.

    Because Tang Mingxiang¡¯s entire capital has a strong American flavor, and Meiji¡¯s wife¡¯s future development focus will be in the United States, this kind of thing of cheating Russia and taking advantage of China is not suitable for her to do, otherwise the United States will do it one by one  It¡¯s time for agencies and departments to line up to trouble her.

      Xiao Qi is different. His roots are in China, and his main suppliers have little to do with the United States and Europe. His products are absolute industry hegemons, and the app store is so involved that even if Americans want to take action,  When they come to cut sheep, they have to worry about the impact. Apart from using commercial methods, they really don't dare to mess around.

    After all, in ordinary times of peace, Americans are still relatively shameless.  (To be continued)
Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report