The rise of a great power: starting with military industry

They say that the new year brings new hope.

Not so.

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

Liu Tao, who was far away on the other side of the Pacific Ocean, could smell the danger.

At this point, Liu Tao was already extremely certain that the US subprime mortgage crisis would 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 it was American banks and financial institutions that launched subprime mortgages to provide loans to people with low credit scores. As house prices continued to rise, these loans were seen as high-risk investments. However, as house prices fell and interest rates rose, many borrowers were unable to repay on time, leading to 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’s called the US subprime mortgage crisis!
The main reasons for the subprime mortgage crisis are 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 to emerge last year, when the boom in 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 been analyzing the possibility of a subprime mortgage crisis in the United States and its evolution into a financial crisis. The think tanks 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 entire world.

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

In Hong Kong, actions are also being taken in secret.

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

Up to now, Hong Kong's industrial structure has undergone fundamental adjustments and is no longer as dominated by manufacturing as before.

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

Up to now, there is no more low-end manufacturing and mid-end manufacturing in Hong Kong!

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

As a country that practices the capitalist system, Hong Kong is the forefront of China's exchanges with the world, a bridgehead for overseas companies to enter China, and the intersection of China's and Southeast Asia's development. It is also one of the world's top financial centers and an international metropolis.

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

Of course, as the intersection of Eastern and Western cultures, this place is inevitably influenced by Western culture, and its 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 do subprime mortgages.

One of Liu Tao's important tasks during his visit to Hong Kong this time was to understand the situation in Hong Kong and minimize the losses.

As for no one losing anything, that is impossible!
Since you dare to take risks, you must also bear the costs of taking risks.

The greater the risk, the more expensive the fish!

Furthermore, we are still in the era of globalization, and the United States is still the world's number one power. If the subprime mortgage crisis in the United States evolves into a financial crisis, it will inevitably affect the world.

It’s just that some are affected more greatly and some are affected less.

During this period, Panshan Group has been continuously cashing out its assets at home and abroad to reduce losses, and has sufficient cash flow to deal with the impending crisis.

If this kind of crisis is not handled properly, the losses caused will be extremely staggering.

The financial crises that have occurred over the past two decades have repeatedly confirmed this point.

In the evening, Liu Tao went to visit Ho Ying-tung.

At the age of 83, Ho Ying-tung was in poor health and was suffering from illness. Even with the help of a Chinese medicine master, he would probably not survive for more than five or six years.

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

After the reform and opening up, countless Hong Kong businessmen, Chinese and overseas Chinese went to the mainland to invest and build factories.

In this regard, those who can be compared with Henry Fok can be counted on one hand.

And the country has given him all the honors that can be bestowed upon him.

The Fok family is the richest family in Hong Kong, and coupled with the honors that Fok Ying-tung has received, they can be said to be extremely prominent.

Even if Ho Ying-tung passes away, as long as the Ho family members do not commit suicide, their legacy will be passed down to future generations.

As for those who could no longer maintain the Huo family's power and wealth and whose family fell into decline decades later, it is no one's fault.

When Liu Tao met Ho Ying-tung, he looked obviously much thinner than last year.

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

Read the error-free version at 69shuba! 6=9+shu_ba is the first to publish this novel.

Long before, the Hong Kong media began to report that the two were dating, and in fact their relationship was gradually becoming stable.

Huo Qigang spent several years following Guo Jingjing to watch her competitions.

If it weren't for the Beijing Olympics, and if it weren't for fighting for the country and winning honors for the country, Guo Jingjing would not be willing to get married at this time. Maybe the two of them would have gotten married now.

At present, Guo Jingjing has won 23 world championships. After Fu Mingxia retired again, she became the queen of the 3-meter springboard in China and the number one in the world.

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

Because this is the Olympic Games held in our own country, the significance is completely different from other Olympic Games.

Guo Jingjing looked nervous.

But when we met again here, Guo Jingjing still looked nervous.

He 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 became.

Because in addition to being a member of the national team, she is also a member of the diving team of Panshan Sports Team.
After chatting with Ho Ying-tung for a while, he seemed to be in low spirits.

After staying at the Huo family and having a meal, Liu Tao left the Huo family with the farewell of Huo Zhenting, Huo Qigang and others.

This time, Liu Tao clearly felt that Ho Ying-tung was already arranging his affairs after his death.

Even he himself probably had a premonition that he might not live long, and had to hurry up and arrange his affairs after death.

After all, Ho Ying-tung had 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, Ho Ying-tung had established family rules that only allowed members of the first wife to engage in business activities in order 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 fight over the wealth of wealthy families has happened more than once or twice in Hong Kong. (End of this chapter)