Chapter 1143 The Crisis Broke Out!

He Guanchang frowned when he saw that his wrinkled bosom seemed to be on the cusp of a bull's horn and completely collapsed.

He packed up his mood and shouted loudly:

"Old wrinkle!"

Wrinkled Huai woke up, looked at He Guanchang with a serious and dignified face, and asked, "Old He, what's the matter?"

He Guanchang didn't change his face, and said loudly: "You have to cheer up, you are the backbone of the company, if you lose your fighting spirit, the company will be over!"

"Galaxy Film Company and Universal Cinema are very strong, and we, Golden Harvest, are very far behind them, but this is not the reason for us to completely admit defeat!"

"The film market in Hong Kong and Asia is big enough, and Galaxy Films can't eat it all. We still have opportunities, but we can't make money as easily as before."

"Think about it, now our Golden Harvest Film Company is still the second child. What about other smaller companies? Can't they just quit the film market?"

"We've been in the film industry for most of our lives, what can we do without this industry?"

"And if you think about it 12 years ago, Shaw Brothers wasn't the only one at that time?"

"You have the courage to pull me and Lao Liang to work together, rise from nothing to nothing, and even crush the Shaw Brothers Film Company below. We do not lack the spirit of fighting against adversity!"

"Now the company is making money, you and I have a good family background, but we can't forget our original intention and lose our most precious wealth!"

He Guanchang's words were deafening, making Wrinkle Huai froze on the spot.

After a long time, the wrinkled Huai complexion came back to his senses, and he looked at He Guanchang, who looked like a torch, and then looked at Liang Feng, whose eyes were sincere and full of encouragement.

He took a deep breath, nodded his head and said, "Old He, you are right. After too many comfortable days, I gradually forgot the fighting spirit that never gave up and fought tenaciously."

"I was wrong, sorry!"

He Guanchang smiled, stretched out his hand to Wrinkle, and said, "Old wrinkle, we should start a second business now, and Galaxy Film Company will be strong, but the movie is not only about publicity and capital. If you can make a popular movie with money, you can also make a classic in the future!"

"Our goal is to surpass Galaxy Films!"

"work together!"

"Let's work together!" Wrinkled Huai's heart was surging, his palm tightly clasped with He Guanchang's hand.

"Of course I can't be without me, let's work together!"

Liang Feng's hand was also held in the past, and the three hands were tightly clasped together, like a torch, burning a raging fire of fighting spirit.

"Hahaha……"

After laughing, the negative mental state of the three was swept away, and their bodies exuded hard work and energy.

"Old He, let's analyze it now, re-formulate the company's development strategy, and let everyone brainstorm."

"it is good."

...

Two days later, the Golden Harvest Film Company held a press conference and unabashedly announced a series of strategic development plans.

When faced with the reporter's poisonous question, Wrinkle was in a rut, expressing his affirmation and praise for Galaxy Film Company and Universal Cinema, and at the same time showing his and Jiahe's determination to never admit defeat and dare to catch up.

After the news spread, it caused a heated discussion, with both positive and negative comments.

But it is undeniable that this press conference with wrinkles has played a role in stabilizing the military's heart in the film market. At least the panic atmosphere in the industry has dissipated a lot.

And Wu Siyuan is also happy to see this attitude of the Golden Harvest Film Company. It can at least alert the employees of the company and make it easier for him to manage and operate the company.

In the hustle and bustle, the time came to August 1st.

On this day, the Fed did raise interest rates on time.

The response of the capital market has always been the fastest.

U.S. stock markets started to rise after the Fed's rate hike policy was officially implemented.

At the same time, the dollar continued to strengthen and appreciate.

The Galaxy Fund is constantly losing money.

Except for Li De's team, which made a floating profit of more than 60 million US dollars on the day of the long US dollar exchange rate, the other seven teams have more or less floating losses.

At the beginning, Tang Yong, the team that shorted the banks involved in the United States and Canada, had the most floating losses, and the floating losses reached more than 80 million US dollars.

Overall calculation, the floating loss that day reached more than 90 million US dollars, close to 100 million US dollars!

Not only that, as the impact of the Fed's interest rate hikes continues to ferment, and global funds continue to pour into the United States, Galaxy Fund's losses will be even greater.

But it's not without merit.

That is, with the sharp rise of US stocks and the appreciation of the US dollar, the progress of Tang Yong's team's shorting of large banks in the United States and Canada has leaped again.

On August 2, the floating loss of Galaxy Fund expanded to more than 230 million US dollars.

On August 3, the floating loss of Galaxy Fund expanded to more than 360 million US dollars.

On August 4th, the floating loss of Galaxy Fund suddenly exceeded US$500 million, reaching more than US$520 million.

On August 5, the floating loss of Galaxy Fund reached more than 690 million US dollars, which is close to 700 million US dollars!

The pressure on the major teams within the Galaxy Fund is increasing.

Fortunately, Liu Xiao, Wang Gang and others firmly believed that the boss's judgment would not be wrong.

Xia Yu, on the other hand, was unmoved, and even looked forward to it even more.

Coming soon, coming soon!

Wait till August 6th!

At 10 o'clock in the morning, the Mexican government suddenly announced that due to various reasons, there was a shortage of financial funds, and it could not fulfill the debt repayment of the government's foreign debt of 87 billion US dollars as agreed!

After the news broke, the entire Mexican financial market was in an instant chaos. The heads of the major bank branches in Mexico immediately reported the news to the country, and at the same time, they wanted to explain to the Mexican government.

messed up!

The entire Northwest Shanxi Province was instantly turned into a pot of porridge!

The $87 billion debt has defaulted, and one of the leaders in Latin America, Mexico, has defaulted!

The major lending banks in Europe and the United States were terrified, and all convened their staff to discuss emergency plans.

The world's major media also heard the news. Those with news gathering points in Mexico immediately let them gather news, while those without news gathering points sent their editorial teams to Mexico.

At the same time, the capital market also responded quickly.

The most volatile was the Mexican peso, and the exchange rate of the US dollar against the Mexican peso plunged instantly.

In turn, the Mexican stock market plummeted.

Both Liu Xiao's team and Ma Kai's team were full of excitement.

As for the banks involved in lending to Mexico, as long as they were listed, their stock prices plummeted, and institutions fled.

In particular, Citibank, headed by it, has wiped out the market value that has risen in the past five days in just one hour. The market value has evaporated by 800 million US dollars, and it is still falling all the way.

The global financial industry is on edge.

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