Winning the new financial era
Chapter 239 Navigating the sea depends on the helmsman
Chapter 239 Navigating the sea depends on the helmsman
However, after hunting geese all day long, he was eventually blinded by geese; after cutting leeks all his life, he was also cut off as leeks for a round.
During the financial tsunami in 08, Huang Hongnian stepped into a big hole in the foreign exchange and bond transactions through Citibank, and lost more than 10 billion Singapore dollars, which was about 49 billion yuan at the time.
Huang Hongnian believes that Citigroup did not provide him with accurate investment information, which made him make a wrong decision, and he also sued Citigroup for this.
According to Huang Hongnian, he felt the financial risk was coming and took the initiative to reduce his investment, and told Citigroup to keep his account with a margin surplus of US$1 million.
As a result, according to the account information he provided, Citigroup provided him with inaccurate account information.
First, he was told that he still had a sufficient margin surplus, and asked him to continue to increase investment, but then he was suddenly told that the margin surplus was insufficient, and the number of the gap changed from tens of millions of dollars to hundreds of millions of dollars in just a few days, which eventually caused him to lose money. Net loss of more than 10 billion Singapore dollars when closing positions.
According to the calculation of "Forbes" that year, this loss is equivalent to half of his net worth.
Heartache is certain, a full 10 billion SGD is completely evaporated, unlike the ups and downs of the stock market, there is still a chance of a comeback.
After suing Citigroup, there has been no follow-up.I don't know if he was making excuses for his failure, or Citigroup cheated his old friend who has cooperated with him for decades.
Whether it is true or false, outsiders have no way of knowing.
Huang Hongnian invited Zhang Yida to sit beside him. He was very talkative and chatted with Zhang Yida about China's business development in recent years.
While chatting, Huang Hongnian talked about the Internet again, and he said with emotion: "I was almost lucky back then, and I almost got a controlling stake in Ying Haiwei."
Zhang Yida is aware of Ying Haiwei's status in the world, and he can be regarded as China's first Internet company.
In 1995, a huge billboard appeared on Zhongguancun South Street in Beijing, which read:
"How far is China from the information superhighway? 1500 meters to the north."
1500 meters north of the billboard is an online science and education museum called "Yinghaiwei".
The ad at the time said:
"When you enter Yinghaiwei Time and Space, you can read e-newspapers, chat with friends you haven't met in Internet cafes, talk freely in Internet forums, and roam the international Internet at any time..."
Ying Haiwei can be regarded as the memory of a generation.
However, because the timing of entering was too early, every step was an exploration, and because the market demand was ignored, the opportunity to transform the portal website was missed, and the management had conflicts with the management. Ying Haiwei completely closed down in 04. Legend That's it.
I heard Huang Hongnian continue to say: "In 1997, there was a financial crisis in Hong Kong, and China Strategic Group itself encountered a lot of trouble.
Therefore, we rejected the financing request of Zhongxingfa Group, the parent company of Yinghaiwei Holdings.
Thinking about it now, it was still too short-sighted.Missed a big gold mine! "
Zhang Yida smiled and said nothing. Huang Hongnian is a master of capital operation, but he is really not suitable for starting a business as a manager.
He bought 200 state-owned enterprises that year. Except for a few industries such as beer, which were revitalized, most of the other state-owned enterprises were in dismal business.
Including what he himself said: investing in a business, from buying land, building a factory to producing products, there are too many tedious things to do. I don't have the interest nor the energy.
He also has a famous saying: An inch of time is an inch of gold, and an inch of gold can buy an inch of time, and acquisition means using "inches of gold" to buy other people's "inches of time".
"He has worked so hard all his life, I may take it over in a few nights."
He has never done any "specific work" in his life, so even if he takes a controlling stake in Ying Haiwei, he probably won't be able to escape the fate of bankruptcy.
"I heard that Mr. Huang went there in the 90s, met his grandfather, and persuaded them to come?"
Zhang Yida remembered that this guy was addicted to buying state-owned enterprises, and later he was whimsical, wanting to replicate the miracle of buying and selling in Europe and the United States...
Huang Hongnian let out an "oh" and said with a smile: "You said this! I was thinking about it at the time, right? We've done it, so are they going to follow up?
So, I went with the attitude of giving it a try.
When I arrived, I communicated with me many times and asked me: What should I call when I see you?Immediately afterwards, he taught me: to call and wish him an old man.
I told them at the time: Don't worry, this has long been melted in my blood. "
Zhang Yida listened happily. This master also went to the mountains, went to the countryside, and knew the youth.
It really melted into the blood!
Huang Hongnian added: "When I saw it, I started to praise him:
You give me the impression that you are like a father, and the outside world doesn't know much about you. If you can travel further, let people come and see more. "
"And then?" Zhang Yida listened so fascinated that he put down his chopsticks and began to listen carefully.
The other juniors of the Huang family also craned their necks to listen to their "second uncle" and "second uncle" tell about his legendary life.
"Haha", Huang Hongnian laughed twice, took a sip of red wine, and continued to speak: "When I said that, the faces of the people around turned pale with fright.
But he did not refute me, but said on the spot: We must actively promote and develop tourism.
After talking about travel, I started selling again.
But the performance disappointed me. When I talked about it, he avoided these four words and never mentioned them from beginning to end, only emphasizing four wishes.
Which four are there?
There is white rice to eat, broth to drink, silk to wear, and tile-roofed houses to live in.
Then I suggested that he take a walk around and take a look. After listening to it for a long time, he didn't speak for a long time.
Then he still smiled and said: I agree with your point of view, if there is a chance, I want to go too.
Later, I realized that with that meal, I created three chances for myself to beheaded.
Because, face-to-face confrontation is always decapitated.
But it didn't kill me. On the contrary, we had a good chat and drank 3 bottles of Moutai with one meal.
The concierge also gave me 3 boxes of fruit and an exquisite silver vase when I left.It is said that this is the highest courtesy.
I once believed it.
In my opinion, power and wealth can be passed on, but respect and admiration cannot be simply transferred to the next generation, let alone passed on naturally.
But the reality is always surprising and beyond people's imagination..."
Zhang Yida looked at Huang Hongnian who was smiling wryly, and didn't continue the topic, and said:
"In many eyes, you are an out-and-out China hand, and you can be regarded as the overseas Chinese who understand China's national conditions best.
I heard that when you were in China, the local officials entertained you to karaoke. Considering that you were an overseas Chinese, they ordered you a song "Sweet Honey". I'm going to fight".
Mr. Huang, is there such a thing? "
"It is necessary. I am a "popular and professional" person. I submitted an application for joining the party back then, but it was a pity that I was not approved."
Huang Hongnian said with a face full of regret, and recalled the year:
"I have been self-willed since I was a child, and I love to cause trouble. When I was 12 years old, my dad said: I can't control you, let the police control you.
Then my elder brother and I were arranged by our father to study in China.My eldest brother was luckier than me, and was admitted to Capital University, but he had no choice but to go to Shanxi to join the queue and become an educated youth.
At that time, I wanted to pursue a beautiful girl, but I was rejected by others.
In a fit of anger, I asked him to arrange for me to go back to Indonesia. "
"Haha," Zhang Yida said with a smile, "I don't know if there is a village flower back then who doesn't regret it now, and actually despises the son of the richest man in Indonesia."
Huang Hongnian smiled wryly, and said: "In those days, it didn't matter what kind of rich man you were, the richer you were, the more you were disgusted.
Later, after the resumption of the college entrance examination, the girl was among the first to enter the university, returned to the city, and became a teacher in the university.
When I returned to China in the 80s, I went to meet her, but unfortunately she was married at that time, and I was also married. "
Speaking of this, Huang Hongnian glanced at the juniors who were all staring at him, his old face blushed, and he said, "However, that's all in the past tense, and the story has already been turned over."
Huang Hongnian added: "Although I have never read a book, I have learned a lot. I will never forget the hard life, and it is also a precious wealth."
"After returning to Indonesia, my father was afraid that I would be fooled, so he arranged for me to go to Hong Kong to learn typing and English.
But I am not used to specific work, so I asked my dad directly for a factory to manage.
Mao Zedong said: After the political line is determined, cadres are the decisive factor.
So I changed the original manager, and hired an RB manager to manage it at several times the price.
The benefit of the factory increased by tens of millions that year. "
Listening to Huang Hongnian's boastful talk, Zhang Yida finally understood how the state-owned enterprises were limped back then.
One night, one meal, winning 101 state-owned enterprises in Dalian, relying on eloquence and familiarity with national conditions.Of course, relationships are also important.
"Yida, I see that you have frequently made moves in Southeast Asia in recent years. Have you ever thought about going to the secondary market to show your skills?"
Zhang Yida was taken aback, why did this guy come up with his idea?
Seeing that Zhang Yida was silent, Huang Hongnian said again: "Don't get me wrong. I know about your industry, especially Yimin Wangjin, a listed company. Have you ever thought of acquiring some assets and putting them into a listed company?"
Thanks: yhw who loves books, Ding Junhun, I don’t believe this name is also taken by someone, book friend 20180120233538340, waiting for a reward from book friends
(End of this chapter)
However, after hunting geese all day long, he was eventually blinded by geese; after cutting leeks all his life, he was also cut off as leeks for a round.
During the financial tsunami in 08, Huang Hongnian stepped into a big hole in the foreign exchange and bond transactions through Citibank, and lost more than 10 billion Singapore dollars, which was about 49 billion yuan at the time.
Huang Hongnian believes that Citigroup did not provide him with accurate investment information, which made him make a wrong decision, and he also sued Citigroup for this.
According to Huang Hongnian, he felt the financial risk was coming and took the initiative to reduce his investment, and told Citigroup to keep his account with a margin surplus of US$1 million.
As a result, according to the account information he provided, Citigroup provided him with inaccurate account information.
First, he was told that he still had a sufficient margin surplus, and asked him to continue to increase investment, but then he was suddenly told that the margin surplus was insufficient, and the number of the gap changed from tens of millions of dollars to hundreds of millions of dollars in just a few days, which eventually caused him to lose money. Net loss of more than 10 billion Singapore dollars when closing positions.
According to the calculation of "Forbes" that year, this loss is equivalent to half of his net worth.
Heartache is certain, a full 10 billion SGD is completely evaporated, unlike the ups and downs of the stock market, there is still a chance of a comeback.
After suing Citigroup, there has been no follow-up.I don't know if he was making excuses for his failure, or Citigroup cheated his old friend who has cooperated with him for decades.
Whether it is true or false, outsiders have no way of knowing.
Huang Hongnian invited Zhang Yida to sit beside him. He was very talkative and chatted with Zhang Yida about China's business development in recent years.
While chatting, Huang Hongnian talked about the Internet again, and he said with emotion: "I was almost lucky back then, and I almost got a controlling stake in Ying Haiwei."
Zhang Yida is aware of Ying Haiwei's status in the world, and he can be regarded as China's first Internet company.
In 1995, a huge billboard appeared on Zhongguancun South Street in Beijing, which read:
"How far is China from the information superhighway? 1500 meters to the north."
1500 meters north of the billboard is an online science and education museum called "Yinghaiwei".
The ad at the time said:
"When you enter Yinghaiwei Time and Space, you can read e-newspapers, chat with friends you haven't met in Internet cafes, talk freely in Internet forums, and roam the international Internet at any time..."
Ying Haiwei can be regarded as the memory of a generation.
However, because the timing of entering was too early, every step was an exploration, and because the market demand was ignored, the opportunity to transform the portal website was missed, and the management had conflicts with the management. Ying Haiwei completely closed down in 04. Legend That's it.
I heard Huang Hongnian continue to say: "In 1997, there was a financial crisis in Hong Kong, and China Strategic Group itself encountered a lot of trouble.
Therefore, we rejected the financing request of Zhongxingfa Group, the parent company of Yinghaiwei Holdings.
Thinking about it now, it was still too short-sighted.Missed a big gold mine! "
Zhang Yida smiled and said nothing. Huang Hongnian is a master of capital operation, but he is really not suitable for starting a business as a manager.
He bought 200 state-owned enterprises that year. Except for a few industries such as beer, which were revitalized, most of the other state-owned enterprises were in dismal business.
Including what he himself said: investing in a business, from buying land, building a factory to producing products, there are too many tedious things to do. I don't have the interest nor the energy.
He also has a famous saying: An inch of time is an inch of gold, and an inch of gold can buy an inch of time, and acquisition means using "inches of gold" to buy other people's "inches of time".
"He has worked so hard all his life, I may take it over in a few nights."
He has never done any "specific work" in his life, so even if he takes a controlling stake in Ying Haiwei, he probably won't be able to escape the fate of bankruptcy.
"I heard that Mr. Huang went there in the 90s, met his grandfather, and persuaded them to come?"
Zhang Yida remembered that this guy was addicted to buying state-owned enterprises, and later he was whimsical, wanting to replicate the miracle of buying and selling in Europe and the United States...
Huang Hongnian let out an "oh" and said with a smile: "You said this! I was thinking about it at the time, right? We've done it, so are they going to follow up?
So, I went with the attitude of giving it a try.
When I arrived, I communicated with me many times and asked me: What should I call when I see you?Immediately afterwards, he taught me: to call and wish him an old man.
I told them at the time: Don't worry, this has long been melted in my blood. "
Zhang Yida listened happily. This master also went to the mountains, went to the countryside, and knew the youth.
It really melted into the blood!
Huang Hongnian added: "When I saw it, I started to praise him:
You give me the impression that you are like a father, and the outside world doesn't know much about you. If you can travel further, let people come and see more. "
"And then?" Zhang Yida listened so fascinated that he put down his chopsticks and began to listen carefully.
The other juniors of the Huang family also craned their necks to listen to their "second uncle" and "second uncle" tell about his legendary life.
"Haha", Huang Hongnian laughed twice, took a sip of red wine, and continued to speak: "When I said that, the faces of the people around turned pale with fright.
But he did not refute me, but said on the spot: We must actively promote and develop tourism.
After talking about travel, I started selling again.
But the performance disappointed me. When I talked about it, he avoided these four words and never mentioned them from beginning to end, only emphasizing four wishes.
Which four are there?
There is white rice to eat, broth to drink, silk to wear, and tile-roofed houses to live in.
Then I suggested that he take a walk around and take a look. After listening to it for a long time, he didn't speak for a long time.
Then he still smiled and said: I agree with your point of view, if there is a chance, I want to go too.
Later, I realized that with that meal, I created three chances for myself to beheaded.
Because, face-to-face confrontation is always decapitated.
But it didn't kill me. On the contrary, we had a good chat and drank 3 bottles of Moutai with one meal.
The concierge also gave me 3 boxes of fruit and an exquisite silver vase when I left.It is said that this is the highest courtesy.
I once believed it.
In my opinion, power and wealth can be passed on, but respect and admiration cannot be simply transferred to the next generation, let alone passed on naturally.
But the reality is always surprising and beyond people's imagination..."
Zhang Yida looked at Huang Hongnian who was smiling wryly, and didn't continue the topic, and said:
"In many eyes, you are an out-and-out China hand, and you can be regarded as the overseas Chinese who understand China's national conditions best.
I heard that when you were in China, the local officials entertained you to karaoke. Considering that you were an overseas Chinese, they ordered you a song "Sweet Honey". I'm going to fight".
Mr. Huang, is there such a thing? "
"It is necessary. I am a "popular and professional" person. I submitted an application for joining the party back then, but it was a pity that I was not approved."
Huang Hongnian said with a face full of regret, and recalled the year:
"I have been self-willed since I was a child, and I love to cause trouble. When I was 12 years old, my dad said: I can't control you, let the police control you.
Then my elder brother and I were arranged by our father to study in China.My eldest brother was luckier than me, and was admitted to Capital University, but he had no choice but to go to Shanxi to join the queue and become an educated youth.
At that time, I wanted to pursue a beautiful girl, but I was rejected by others.
In a fit of anger, I asked him to arrange for me to go back to Indonesia. "
"Haha," Zhang Yida said with a smile, "I don't know if there is a village flower back then who doesn't regret it now, and actually despises the son of the richest man in Indonesia."
Huang Hongnian smiled wryly, and said: "In those days, it didn't matter what kind of rich man you were, the richer you were, the more you were disgusted.
Later, after the resumption of the college entrance examination, the girl was among the first to enter the university, returned to the city, and became a teacher in the university.
When I returned to China in the 80s, I went to meet her, but unfortunately she was married at that time, and I was also married. "
Speaking of this, Huang Hongnian glanced at the juniors who were all staring at him, his old face blushed, and he said, "However, that's all in the past tense, and the story has already been turned over."
Huang Hongnian added: "Although I have never read a book, I have learned a lot. I will never forget the hard life, and it is also a precious wealth."
"After returning to Indonesia, my father was afraid that I would be fooled, so he arranged for me to go to Hong Kong to learn typing and English.
But I am not used to specific work, so I asked my dad directly for a factory to manage.
Mao Zedong said: After the political line is determined, cadres are the decisive factor.
So I changed the original manager, and hired an RB manager to manage it at several times the price.
The benefit of the factory increased by tens of millions that year. "
Listening to Huang Hongnian's boastful talk, Zhang Yida finally understood how the state-owned enterprises were limped back then.
One night, one meal, winning 101 state-owned enterprises in Dalian, relying on eloquence and familiarity with national conditions.Of course, relationships are also important.
"Yida, I see that you have frequently made moves in Southeast Asia in recent years. Have you ever thought about going to the secondary market to show your skills?"
Zhang Yida was taken aback, why did this guy come up with his idea?
Seeing that Zhang Yida was silent, Huang Hongnian said again: "Don't get me wrong. I know about your industry, especially Yimin Wangjin, a listed company. Have you ever thought of acquiring some assets and putting them into a listed company?"
Thanks: yhw who loves books, Ding Junhun, I don’t believe this name is also taken by someone, book friend 20180120233538340, waiting for a reward from book friends
(End of this chapter)
You'll Also Like
-
Give Douluo a technological shock
Chapter 303 22 hours ago -
It's perfectly reasonable for me, a fisherman, to catch a Georgios, right?
Chapter 250 22 hours ago -
I, Silver Superman, have been upgraded to Omniscient and Omnipotent.
Chapter 301 22 hours ago -
Courtyard House: Drunk and barging into the Xu family's house, I woke up numb.
Chapter 292 22 hours ago -
Didn't you go to Teyvat to earn money to support me?
Chapter 479 22 hours ago -
Tomb Raiding: The Bloodline of Dragons and Snakes, Starting from the Kunlun Divine Palace
Chapter 284 22 hours ago -
Super God: That guy brought back another goddess.
Chapter 314 22 hours ago -
Pokémon: Starting as a Pokémon Researcher with Milotic
Chapter 103 22 hours ago -
A person becomes a god; starting with a super brain, scientific research becomes godlike.
Chapter 417 22 hours ago -
American Comic Dimensional Trading Device
Chapter 328 22 hours ago