Volume 298【Strategic Mentor】

Rongcheng, Jinniu Hotel.

The party was still the same nine people from last year, one remained unchanged and one remained unchanged.

Eight of them were playing Three Kingdoms, Song Weiyang sat by and watched, and Chen Tao personally made tea for them with a thermos.

Don't talk about specific business during group gatherings. If you want to cooperate, just discuss and communicate in private. When we met today, everyone focused on the "Asian financial turmoil". Both Zhang Xuanlong and Li Sufu vomited bitterness.

"The business in Southeast Asia can't be done," Li Sufu waved his hand. "Except for the domestic market, most of the motorcycles I produced were sold to Southeast Asia. Now more than 90% of the orders have been cancelled, and the goods have arrived at the dock. If you don’t uninstall it, no one is willing to accept it. Especially in Thailand, don’t want to get back the liquidated damages. You can file a lawsuit. If you win, you will be given a pile of waste paper, all of which are deeds of land. This is forcing me to make a motorcycle , to go overseas to engage in real estate."

"Hahahaha," Zhang Xuanlong laughed, "You are worse than me. I just lost some regular customers. Many publishing companies and newspaper offices went bankrupt, but it will not be the end of the mountain."

Duan Yongping asked Li Sufu: "Then what are you going to do?"

"Transfer all the business back to the country," Li Sufu said. "It's a pity that the government has been stuck and won't issue a birth certificate for my car. I have been working in the ministries and commissions for more than half a year, exhausting myself, and finally I can produce vans."

Zhang Xuanlong asked Song Weiyang: "Xiao Song, you made a lot of money in Thailand, right?"

Liu Yonghang was surprised: "Xiao Song also participated in the attack on Thai baht?"

"Following Soros is just a win-win," Song Weiyang said, "I didn't make much, but I made more than 30 million US dollars with my partners."

"That's not much?" Guo Guangchang said in surprise, "It's more than the net profit of my company for several years!"

Cai Zhiping said: "I don't know much about financial wars. I heard that Soros will go to Hong Kong City to pick trouble after finishing the Southeast Asian countries? Will the Chinese government intervene?"

"Definitely intervene," Liu Yonghao said, "Gangcheng has just been taken back, and the central government cannot watch it be defeated by Soros."

Song Qizhi said: "If the state intervenes, it will definitely have a great impact on the domestic economy."

Song Weiyang said: "There is a certain impact, but it mainly affects state-owned enterprises, especially export-oriented state-owned enterprises. As private entrepreneurs, we should pay more attention to the impact of the Asian financial turmoil on the decision-making of the Chinese government."

"What impact?" Everyone asked quickly.

Song Weiyang did not answer, but instead asked an unrelated question: "Daewoo is in crisis, do you know?"

"No way!" Cai Zhiping said.

"How is it possible?" Li Sufu said.

Guo Guangchang said: "A company as powerful as Daewoo should be able to survive even if it encounters troubles."

Duan Yongping said: "Sell some subsidiaries at most."

Zhang Xuanlong said with a smile: "Even if Daewoo buys half of its subsidiaries, it will be beyond the reach of Chinese companies."

Song Weiyang shook his head and said: "Although international capital did not attack South Korea, the aftermath of the financial turmoil alone has already messed up the Korean economy. I estimate that South Korea will soon be on the verge of national bankruptcy."

"Can the country go bankrupt?" Song Qizhi asked in disbelief.

Others also looked at Song Weiyang one after another, but they had never heard of national bankruptcy.

Song Weiyang carefully explained: "South Korea is a big chaebol model. The largest 30 companies contribute one-third of South Korea's industrial output value and total investment. And the financial leverage ratio of these 30 companies has exceeded 500% on average. They all have staggering debts. The South Korean government keeps borrowing money from foreign banks as a guarantee of national credit, allowing these large companies to expand rapidly. South Korea’s domestic market is narrow and mainly exports, and the impact of the Asian financial turmoil has made all the big chaebols in South Korea Exports are plummeting, earnings are down, stocks are down. Do you know what that means?"

None of the people at the scene knew much about finance, but with such a large business, you can basically imagine the plight of Korean companies.

Song Weiyang continued: "On the one hand, a large amount of foreign capital has withdrawn from South Korea and went to Southeast Asia to follow Soros to make money. On the other hand, South Korea's poor economic situation has made foreign capital aware of the danger, and they have withdrawn their capital and run away. The chaebols all owe countless foreign debts, but they cannot repay the debts when they are due, and South Korea’s national credit is useless. The 30 largest chaebols in South Korea are all on the verge of breaking their capital chains, and they control South Korea’s economy. Once they fall , and the whole of South Korea will fall."

The audience was silent, looking at each other. A country is bankrupt if it says bankrupt?

Song Weiyang also said: "What the South Korean government can do is to let all the small and medium-sized enterprises die, and use the corpses of these small and medium-sized enterprises to provide nutrients for the big chaebols to survive. It will definitely not be able to support all the chaebols, such as blindly expanding enterprises like Daewoo. , is not far from death. Once Daewoo dies, the other chaebols will share and eat, and maybe they can continue to hold on."

Liu Yonghang said: "So, the Chinese government will definitely adjust the development strategy of state-owned enterprises?"

"Yes," Song Weiyang nodded, "China's current state-owned enterprise development strategy is based on South Korea's Daewoo. Focus on the large and let go of the small, give up uncompetitive small and medium-sized enterprises, and seize some powerful large enterprises. Make all these large enterprises into China’s Daewoo, and send these large enterprises collectively into the world’s top 500. But judging from the current situation, the Daewoo model is too dangerous to imitate. Therefore, China’s state-owned enterprise development strategy will definitely change."

"No wonder," Liu Yonghao slapped his thigh fiercely, "I said that the recent business and economic magazines published so many related articles, all discussing the development plan for the reform of state-owned enterprises."

Duan Yongping asked Song Weiyang: "How do you think the central government will adjust?"

Song Weiyang smiled and said, "The country retreats and the people advance."

"Why is the country retreating from the people and advancing the law?" Li Sufu asked.

Song Weiyang said: "Study carefully the recent economic papers, in fact, the central government has been sending out tentative signals. The core idea is: the state controls upstream industries such as steel, automobiles, aviation, telecommunications, electric power, banking, insurance, media, and military industries. The monopoly of state-owned enterprises will be implemented, and all the remaining competitive mid-stream and downstream industries will be abandoned and left to fend for themselves.”

The audience was dumbfounded. For private entrepreneurs, this information is really important.

If it is true as Song Weiyang said, private owners and leaders of many state-owned enterprises will usher in a gluttonous feast. The previously controversial shareholding reform of state-owned enterprises will be carried out on a large scale, and even directly become privately owned. At the same time, a large number of problematic state-owned enterprises will go bankrupt, layoffs will be everywhere, and private owners can easily merge with money.

Li Sufu wiped his sweat and said, "You said that the auto industry will also be monopolized by state-owned enterprises?"

Song Weiyang said: "At least judging from the signal sent by the central government, it is true. In a short time, Boss Li will not even think about making a car. He is lucky to be able to make a van under the name of a joint-stock state-owned enterprise. You acted early. If it’s late, you probably won’t even be able to touch the van.”

"I'm so unlucky!" Li Sufu collapsed on the seat with a tired face.

And the rest of the people are eager to try, wanting to get a share of this gluttonous feast.

It was also today's gathering that established Song Weiyang's absolute core position in the small circle. Although others can't believe it all, they are more or less starting to prepare and keep an eye on policy changes. When Song Weiyang's "prophecy" came true, because of their early preparations, their net worth grew rapidly, faster than in history.

In the annual gatherings since then, no matter how busy these people are, or even if there is a major problem in the company, they will drop everything and come here. Because Song Weiyang had to listen to what he said, and if he didn't pay attention, he would miss a big opportunity. When he encountered a critical problem, he would more or less consult Song Weiyang's opinion.