Chapter 1625 The Big Boss Comes
The habit of Chinese people is to save money, and 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 in savings 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 homes to relieve their difficulties, took all their property and sent it back to China to support the Anti-Japanese War. Americans once exclaimed, "Chinese people are about to take out all the money in the bank!"
Although Tang Mingxiang developed in the United States, she still upholds the fine traditions of the Chinese people. After receiving the 38 billion US dollars, excluding taxes, bonuses, and subsequent acquisitions of Facebook and Zappos, as well as office expenses, Tang Mingxiang's There are 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.
It is precisely because this sum of money is stored in Citibank, so many people know that there is such a huge sum of money, and many people have their ideas about it in various ways.
Tang Mingxiang is very smart, and she also trusts her husband very much. Although it is not like letting the dogs go, she will definitely not see anyone who uses the banner of "financial derivative products".
As for the various projects seeking investment, there are many experts under his hand who are examining them. So far, there are not many good projects that can fall into Tang Mingxiang's eyes.
Therefore, Russia's three major oil giants took a fancy to the huge sum of cash in Tang Mingxiang's hands and wanted to borrow it for use.
When Russians need money, they are very generous.
Oil itself is the black gold buried in the ground, and just digging it out can make money, hence the money lent to the oil industry. Interest rates are generally not low.
Oil companies in Europe and the United States borrow by themselves. Under the premise of various government backgrounds, Wall Street also gives 6%-12% interest.
Well, Russia, given the consistent bad relationship and their Westerners' defense against Russia, the price usually reaches 12%-18%. If it is a short-term huge loan for a year or so, it may exceed 20%.
When they approached Tang Mingxiang through Wade of Citibank, they offered the highest interest rate of 18%, and the collateral was three large oil fields of three oil giants in Siberia, Caucasus, and the Far East of Russia.
With so much collateral and such high interest, they naturally asked for a lot. What they needed was Tang Mingxiang's loan of 20 billion US dollars.
Tang Mingxiang was never interested in lending money to others. Especially the Slavs who have always been known for not keeping their promises.
The bright and charming girl who grew up under the red flag has never forgotten the sins of the Slavs.
When helping the little brothers fight those so-called coalition forces back then, the Slavs told us, let's go together! As a result, when we rushed to the battlefield, they stood behind and watched the show, and changed their words and said, "You go up, you send people and I send weapons."
Wait until you have worked hard for four years. A few more years passed after a tough draw was secured. Because of the bad relationship between the Slavs and us, they directly asked to pay back the money for weapons——pay back your sister! Our hundreds of thousands of soldiers fought bloody battles, but what we got in return was this kind of consequence! ? It really made people all over China firmly remember this greedy, shameless and untrustworthy polar bear.
So Tang Mingxiang refused without even thinking about it, and there was nothing to talk about.
Wade has no choice but to find Xiao Qi, and wants Xiao Qi to persuade Tang Mingxiang to agree.
Because it looks in Wade. This business is definitely worth it. Even if the Russians can't pay back the money in the end, the value of the three oil fields used as collateral is much more than 20 billion U.S. dollars, which is definitely worth it.
As for the breach of contract that Tang Mingxiang was worried about. That's not a problem at all.
Now the Russians are much more honest. If they even dare to tear up the contract for this kind of business that is registered on Wall Street and led by Citibank 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 overseas accounts in Russia, 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 U.S. dollars to lend to the Russians for one year.
It’s easy to talk about interest rates, but Xiao Qi doesn’t want their oil fields. He wants to sign an agreement with these three Russian oil companies, that is, he has the right to buy them at the current transaction price until December 31, 2008. The three companies must not shirk or refuse any 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 is, Xiao Qi was not optimistic about the increase in oil prices throughout the year.
But even if it doesn't rise, according to the current situation, I'm afraid it won't be so low by the end of the year.
Could it be that the cheap oil bought by the Chinese people in the previous year was not enough, do they still want to stock up?
Unable to understand what Xiao Qi was thinking, Wade didn't bother to ask. Bankers like them are very strict in their business, and never ask questions that shouldn't be asked.
In addition to this requirement, Xiao Qi has two other conditions.
The first is that the loan is in US 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 is wrong with reducing losses?
The second is for Russian companies to have guarantors. 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 about it. After seeing Xiao Qi's request for such a condition, the senior executives of the three companies immediately agreed to all Xiao Qi's requests after discussing for two days.
Not oil fields but oil?
That's great!
Oil is sold at the market price. If the oil field produces more, it is possible to earn more!
Want to bet that oil will fall this year?
Now it is 100 US dollars, even if it falls, what price can it fall to?
Even if it falls to the lowest level, it is impossible to be lower than the cost price?
Anyway, oil is traded at no cost, and at most it will not make money at that time. The purchase price of 50 billion US dollars will definitely be a great supplement to the company's cash flow!
As for borrowing dollars to repay renminbi, that is no problem. Anyway, there are transactions between China and Russia, as well as oil sales.
Fool!
After signing the agreement, Xiao Qi and the Russians called each other this way in their hearts.
Naturally, the Russians can only see what is in front of them. With their wisdom, they can't imagine that the price of oil will soar in the first half of this year, and the price will even rise to an all-time high of 147 US dollars a barrel.
However, as the U.S. government launched a fierce crackdown, the price of oil dropped immediately. In just five months, the price of oil fell to a fraction, and the lowest price in the year reached about 34 US dollars, falling below all glasses.
But at this price, not many people dared to buy it, because everyone was frightened by this price drop, and they were afraid that after buying it, there would be another avalanche, which would directly drop to the oil price level of the 20th century. ——This is the same as our house buyers, buying up but not down. So you said how disgusting those experts are, insisting on treating this concept as a bad habit of the common people in Huaguo, it is obviously everyone's idea, okay? You have to pretend to be a tall expert, but you don't know how disgusting you are!
In the era of industrialization, petroleum is the blood of the entire industry, and countless industries require the use of petroleum and its derivative products.
A country as big as Huaguo is also an oil-poor country on land. It will always be short of oil, and no matter how much oil it has, it can eat it.
In the previous year, with the addition of China Aviation Oil, the four major Chinese oil giants bought a total of 4 billion barrels of crude oil, a total of 572 million tons, and spent a total of 240 billion U.S. dollars!
But this crude oil seems to be a lot. In fact, Huaguo’s consumption will reach 380 million tons in 2008, 400 million tons in 2009, and exceed 500 million tons in 2012, with the import ratio breaking through to 53%!
Therefore, calculating so much oil is enough for 2007, 2008 and 2009, and domestic oil production cannot be stopped.
It is such a great pressure of use that makes Huaguo's oil companies also think about how to buy low and sell high to save a little money, but their so-called experts are all fools, and their operating methods have always been exactly the opposite of the market's performance, time and time again. Being cheated is simply speechless.
Xiao Qi does all kinds of things in the oil industry. 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 is, the more stable his business will naturally be.
From another point of view, he could do this, but Tang Mingxiang couldn't.
Because Tang Mingxiang's entire capital has a strong American color, and in the future, Mei Ji's wife will focus on the development of the United States. This kind of thing that cheats Russia and China is not suitable for her to do, otherwise the United States will be one by one. It's time for the agencies and departments of the country to line up to trouble her.
Xiao Qi is different. His roots are in China, and the main suppliers have little to do with the United States and Europe. The products are the absolute hegemony of the industry, and the app store is so involved. Even if the Americans want to do it Cutting the sheep also had to be scruples about the impact. Apart from using commercial methods, they really didn't dare to mess around.
After all, in an ordinary peaceful year, Americans are still more shameless. (to be continued..)