Chapter 2786 Preparation

In autumn, after the Mid-Autumn Festival, another thing is that you will feel that the Spring Festival is really just around the corner.

"If you count, it's only a few months until the Spring Festival, maybe just a blink of an eye,"

On the night of Double Ninth Festival, after Amanda fell asleep, Feng Yiping, who had a rare leisure time, sat on the swing in the backyard with Huang Jingping, chatting, and somehow they talked about this.

"Yes," Feng Yiping was a little emotional when he heard Huang Jingping talk about this, "The Spring Festival is coming soon,"

To be honest, compared with the pressure that will definitely be faced, the joy that the festival may bring to adults during the Spring Festival is really too little to mention.

In terms of career, he naturally has no pressure. It can be said that in 2008, there are really few companies that have achieved better results than him.

But in terms of personal issues, that is a hurdle.

Whether it is the night of New Year's Eve or the night of New Year's Day, if his mother doesn't mention it, his father will definitely say a few words.

As for the people related to him, he thought that, except Jin Ling, Huang Jingping and Zhang Yan, they would probably have to be chased by their parents.

"Sometimes I think, it's better to have two Mid-Autumn Festivals, or even two Valentine's Days?"

He believed that even those single dogs would rather celebrate Valentine's Day than the Spring Festival.

Because you may not be able to show off or show off on Valentine's Day, but at least you can hide.

Hide aside to lick your wounds or soothe your injured little heart.

However, how do you hide during the Spring Festival? The people you have to face during the Spring Festival are the ones who will bring you pressure - the people you love the most, but they hurt me the most.

"Two Valentine's Days are good," Huang Jingping said immediately, "Restaurant statistics show that the income on Valentine's Day is higher than that on the Spring Festival,"

This is true. Although the holiday with the highest gift spending for Americans every year is Mother's Day, I believe that not all mothers will be invited to restaurants by their children on that day, but it is different on Valentine's Day.

The gift may not necessarily be more expensive than the one on Mother's Day, but most people have to go to a restaurant to eat at night, and it may be that night, or the follow-up of that night, that many people have the qualification to receive gifts on Mother's Day next year.

Feng Yiping rubbed Huang Jingping's head, "Of course, you can legitimately receive two gifts,"

Huang Jingping laughed, but then said, "This Spring Festival, I still want my parents to come to the United States,"

Feng Yiping knew that Huang Jingping wanted to relieve his pressure.

"No, I'll go home this year. Besides, if Amanda doesn't go back, my parents will probably scold me even more,"

Thinking that it was already the end of 2008, he felt that some actions should be accelerated, such as marriage and divorce...

Huang Jingping's head moved on his shoulder, "Is the matter in the United States really over?"

Because Feng Yiping will leave for the UK the day after tomorrow, and then return directly from there.

"We are fine here, but the situation on Wall Street is not so easy to ease."

Last Friday, October 3, was a day that made smiles return to the faces of Wall Street people. After a series of efforts on stage and behind the scenes, Capitol Hill finally approved the US government's rescue plan. However, the amount was no longer 700 billion US dollars, but increased to 850 billion US dollars.

But despite the more money and the plan finally being approved, this plan has not yet produced any specific effect.

Because, after getting the money, Paulson and his team were a little hesitant about how to use it.

Paulson's original plan was to buy mortgage-related problem assets to help the banking industry get rid of the cancer.

But his idea was not very practical. The main problem was the pricing of those problem assets.

If the price is high, taxpayers will not be willing, because the government spends their money to buy back a lot of garbage at a high price; and if the price is low, banks will not be willing, because that means their losses will increase, and the risk will not only not be reduced by government aid, but will increase.

Just when Paulson and his colleagues were scratching their heads, the market was not polite.

Today is only Tuesday, that is, only two working days after the rescue plan was announced, the US stock market has fallen by 20%.

Among them, Morgan Stanley's stock price has fallen to more than ten dollars, and it is already on the verge of death. Looking at the world, many European banks are also in danger.

There are problems to be solved. Simply put, the biggest problem of these financial institutions is high leverage. Selling assets is naturally a way to reduce leverage, but if you want to say that the fastest way is to invest in them directly.

It's a very simple truth. If you buy $1 million of problem assets, you only solve the problem of $1 million, but if you invest $1 million in them, it can support $10 million of assets at a leverage of 10 times.

In other words, the effect of direct investment will be at least 10 times that of purchasing assets.

The problem is that the government's spending money to buy problem assets can be regarded as a normal business behavior, you buy and I sell, but direct investment is equivalent to nationalizing those financial institutions.

So they are a little hesitant.

In Feng Yiping's opinion, Paulson and others' hesitation, after all, is just pretentious. They have already done the same thing to Fannie Mae and Freddie Mac and AIG. Since they have already done it on the first day, what is there to hesitate about when the fifteenth day comes?

I don’t know how long they will hesitate, nor do I know what the US stock market will be like when they finally make up their minds to take action.

As for Morgan Stanley, to be honest, he is not really worried that it will collapse. Not to mention the US government, he thinks that even Goldman Sachs may not want to see Morgan Stanley collapse.

It is a good thing for some opponents to collapse, but it is also not a good thing if there is no opponent.

This is also the reason why he suggested that they wait a little longer when answering Mr. Zhou’s question that day.

Frankly speaking, investing in Blackstone is not as urgent as investing in Morgan Stanley.

Investing in Morgan Stanley is indeed a matter of time, but Blackstone is far less popular than Morgan Stanley.

In addition, Blackstone has so many ideas about the domestic market, which makes us always have an advantage in front of Blackstone.

In this case, Feng Yiping thinks it is better to wait.

He is sure that after getting rid of Hilton and some commercial real estate in his hands and successfully reducing leverage, Blackstone should not have any problems, but affected by the overall environment, its stock price is still likely to continue to fall.

He had heard some comments in China. He heard that because of the decline in Morgan Stanley's stock price in the past two days, some experts immediately criticized CIC's investment decision, and some of them also implied his meaning.

Because Goldman Sachs' stock price also fell.

In such an impetuous era, there are too many experts who will give up everything for the opportunity to show their faces, for money, face, and integrity.

They don't care at all. According to the investment agreement with Morgan Stanley, as long as Morgan Stanley does not go bankrupt, the stock price can be adjusted.

Of course, such comments can no longer have the slightest impact on Feng Yiping.

Until now, his successful acquisition of Hilton is still a hot topic in China, which is even greater than the shock caused by the acquisition of Netflix.

It's not because the funds involved in this acquisition of Hilton are more, but mainly in the minds of the Chinese people, compared with Netflix, Hilton is more well-known and closer to everyone's life.

What makes everyone talk about it is that when Blackstone acquired Hilton last year, it spent a full $26 billion, while this year Feng Yiping's company took over from Blackstone, spending only 5.6 billion, less than $6 billion.

For most people who don't know the reason, they certainly think that Feng Yiping has made more than 20 billion US dollars and picked up a big bargain of more than 20 billion US dollars.

That's more than 20 billion US dollars, even if calculated at an exchange rate of 6.8, it is more than 130 billion RMB!

Although the person who picked up such a big bargain was Feng Yiping, everyone was happy with him. This is of course because it is the first time that such a big bargain has been taken in the international business. In the past, all kinds of foreigners took turns to take advantage of us.

And Feng Yiping, who helped them achieve this wish, was undoubtedly praised by everyone again. One result of this is that now when Feng Yiping is mentioned, the number of people who must say "our Yiping" has increased significantly.

And "A Bite of China", which was launched simultaneously around the world last weekend, immediately caused a huge sensation as before.

Although Feng Yiping has a comprehensive plan for this, in everyone's cognition, documentaries are the kind of investments that do not make money, and Gain Capital Media is the first private company in China to produce documentaries, which undoubtedly won him a lot of goodwill.

At this time, those indirect attacks and innuendos are like an ant trying to shake a tree, and will not have any impact on him at all.

Especially for Feng Yiping this year, such public support is particularly important. His trip to the UK the day after tomorrow will also further improve his popularity in China.

Huang Jingping didn't understand much about this, she yawned, "It's late at night,"

Feng Yiping immediately understood what she meant, hehe, when it's late at night and the children are asleep, it's a good time for that!