Chapter 1791 Targeting the Traditional Financial Industry (4/10)
boom!
A bottle of champagne was opened, and Fu Guang was pouring it for everyone, and they toasted together.
"Feng Yu, Brother Leiman really filed for bankruptcy protection as you said. This is the fourth largest investment bank in the United States, and it will definitely deal a huge blow to the financial industry in the United States." Fu Guangzheng said excitedly.
Following the bankruptcy of Bear Stearns, Rayman Brothers finally filed for bankruptcy protection!
Here, Feng Yu and the others are the biggest behind-the-scenes manipulators. And these manipulation methods are not easy to see.
In the simplest way, they entrust investment through some small investment companies. For non-listed companies, this entrustment can be kept confidential.
This is also the most commonly used method by those ancient families in Europe, and it is also the reason why there are many invisible rich people in Europe. They invest through these companies, and then the company sets up the company, and after entrusting them layer by layer, no one knows that they invested the money, and no one knows how much property they have.
Just like the Rothschild family, with only 10 billion euros in assets, who would believe it? With so little assets, why does it have such a high status?
Those financial financiers use these methods to hide their investments. Even though their investments have caused heavy losses to many people, no one can know that they did it, and others will bear their names.
For example, in the U.S. financial market at this time, many financial institutions abused by investors are from the U.S. and Europe. Many people know that the assets of Fengyu Consulting and Taihua Consulting have been growing, and investment profits have continued to increase, but who knows How much of this is Feng Yu's funds?
Even He Zhaoji didn't know about it, let alone an outsider. Unless Feng Yu asks someone to calculate carefully, Feng Yu can only make a rough estimate. Many of his investments have also changed hands through many companies, and he needs to pay a little fee.
Feng Yu took a sip of champagne and put down his glass: "Although the scale of Rayman Brothers is not small, it is still not as good as those state-owned banks in the United States. You can see that the bankruptcy of Bank of Merrill Lynch may have a greater impact than Rayman Brothers."
"This is just a step in our plan. We want those banks and other financial institutions in the United States to continue to go bankrupt. This is our opportunity to invest in those established banks, so that we can truly stand on top of the world!"
Ordinarily, Lehman Brothers can be regarded as an old-fashioned bank, with a history of more than 100 years, which is much longer than those state-owned banks in Huaxia.
But compared with those ancient banks in Europe, it is too far behind. The older the bank, the more entrenched it is. Don't look at the bankruptcy of Rayman Brothers, but those shareholders may not really lose money.
The market value of Rayman Brothers at this time is only about 6 billion U.S. dollars. How can they have more than 500 billion U.S. dollars in debt and still get funding?
If it is said that there is no relationship with those shareholders, who would believe it? If you say that the Rayman Brothers have been insolvent since last year. However, everyone is blinded by the superficial profits and cannot see that they are small horses and large carts.
Once their profits drop, losses will appear immediately. The interest on those loans and so on alone is an astronomical figure, not to mention the increasing interest, many of which are compound interest?
Debt is like a snowball, getting bigger and bigger, and finally reaches the point where it can't be pushed at all. Those shareholders have already used other means to get rid of their debts, and the money has already been put into their own pockets.
Of course, there are also some who stand up and take the blame, such as the two CEOs of Rayman Brothers last year and the first half of this year, and there are also some relatively small shareholders.
Feng Yu has long been envious of the banking industry, which is the most traditional financial industry. Although Feng Yu believes that the online electronic finance industry will rise in the future, no one can deny that traditional finance is still the largest.
Even if online banking is a kind of Internet finance, it still needs to rely on traditional banks, otherwise it lacks credibility, and if there is a payment problem, the cash flow will be cut off.
There are also payment packages, Beibao and other online payment tools.
It also needs to be associated or even bound with a bank account, and traditional banks are the foundation.
Feng Yu once took a stake in Minsheng Bank, the first domestic private bank, but Minsheng Bank's development in China was subject to many restrictions.
Although Minsheng Bank owns the shares of many wealthy people in many countries, and its credibility is not bad, but limited by its business outlets and business development, its development is far behind that of state-owned banks.
For example, some mortgages, car loans, etc., can be very simple for state-owned commercial banks, but it is not so easy for Minsheng Bank. If it weren't for the support of the payment package in China, Minsheng Bank's online banking business has developed well, and I'm afraid it will still be the same as in the previous life. The development is similar to that of a provincial bank, and it will not be successful at all.
Feng Yu can also understand the country's choice. In this way, it can be adjusted by the upper level to achieve balance, but it is too unfair to Minsheng Bank.
Looking at the names of the shareholders of Minsheng Bank above, I was a little scared. I am afraid that the Minsheng Bank will become the largest commercial bank in the country, which will make the banking industry out of the control of the state.
Not to mention that the other shareholders are all names on the Hu Run Hundred Rich List in China, just mentioning Feng Yu, the richest man in the world, makes them worry a lot. It's not that I'm worried about Feng Yu manipulating the market. With Feng Yu's wealth, there is no need to do so anymore.
Now financial experts all over the world are saying that Feng Yu is just lying down at this time, as long as he does not meet a brain-dead manager, the asset growth of these companies under Feng Yu's name is enough to ensure that Feng Yu will be the richest man in the world until his death , no one can surpass!
After all, there are still many unlisted companies under Feng Yu's name, and the valuations far exceed the market value at this time. But they just don't go public, what can you do? No shortage of money, no lack of attention, why do you have to go public to disclose your financial situation, and distribute the profits to others?
What those people are worried about is that the development of state-owned banks is not as good as that of Minsheng Bank. How embarrassing it would be.
This time, Feng Yu led the team to overturn the financial market in the United States, not only to hit the economy of the United States, but also for another purpose, which was to take the opportunity to acquire some financial companies in the United States.
Of course, those who need to save those situations, like Brother Leiman, Feng Yu has no interest at all.
In this way, Minsheng Bank and others can really go abroad and make money abroad. At the same time, the anti-risk ability and profitability have been increased, and the scale has also been expanded.
A commercial bank that can only operate in its own country is not considered successful at all. The state-owned commercial banks are not all going out at this time, but the development is not too smooth, but now the opportunity has come.
In the first half of this year, Feng Yu has quietly acquired some small financial companies distributed in different states of the United States through some investments.
Together, they can form a huge business network. It just takes a lot of capital to actually operate it. At this time, Feng Yu's funds are all invested in the financial market. After he returns at the end of this year, it is time for him to really enter the traditional financial industry!
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