On September 30, Sun Jian read an investment analysis report at home, "The Opportunity to Invest in the Russian Stock Market" by Huang Desheng, Director of Peregrine Investment Strategy Department and Global Chief Strategist. It was forward-looking and operable, and it was Peregrine A chance to make money.
Peregrine and ATIC Securities are both companies controlled by ATIC with about 51% of shares. The backs of their hands are full of meat. Peregrine has been reborn from nirvana and its development prospects are far greater than that of ATIC Securities.
Although Sun Jian was not familiar with the Russian stock market in his previous life and did not invest in the Russian stock market after his rebirth, he knew that since PJ became prime minister, the ruble depreciated by 50%, announced a 90-day extension of the repayment of US$15 billion in foreign debt that was about to mature, and announced The Russian government bond market suspended trading before the conversion was completed. These three tactics were clearly to default on debts and at the same time to close the market to trap foreign capital in Russia; for Russia, it was equivalent to a "suicide attack", causing the Russian Ruble Crazy depreciation, freezing of capital flows, the verge of economic collapse, and shattered national credibility. European and American investors have evacuated. The domestic economy is in trouble and requires external capital injection. Once the Asian financial crisis is over, the world economy begins to recover, and oil and natural gas prices rise, Russia will Will get out of trouble.
The night before dawn!
"President Du has any good suggestions for investing in the Russian stock market?"
After the National Day, I took a flight from Jiangcheng to Xiangjiang on October 5 and summoned Peregrine Vice Chairman Wang Dongming, CEO Liang Zhongtao, President William Du, Peregrine Bank President Huang Yongcan, Investment Strategy Department Minister Huang Desheng, and Vice Minister Ji Stewart held meetings to listen to people's opinions.
These people are all senior executives of the company and have all read "The Opportunity to Invest in the Russian Stock Market Comes".
William Du is responsible for the Southeast Asian, European and American markets, with a ruthless vision and market acumen.
"Chairman, Russia's 100 industrial index stocks have generally fallen by 90% so far. There are 50 kopecks and 1 ruble stocks everywhere, and the daily trading volume is less than 100 million US dollars. People give up and I take. Once the Russian financial crisis is over, , it’s easy for a company’s stock price to double without going bankrupt.”
After the Xiangjiang Financial Defense Battle, the arrogant Du William admired Sun Jian.
"What do you think Mr. Liang has to say?"
"Chairman, I agree with the opinions of Minister Huang and Mr. Du. We have now eliminated the crisis, the Xiangjiang stock market has stabilized, we have no worries, we have sufficient funds, and we are traveling lightly. We can deploy the Russian stock market; Russia has offended Wall Street investment banks, and we very much hope to attract We are willing to enter international investment, and Russia wants it,”
With the world's richest man in charge of Peregrine's direction, Peregrine Bank has abundant cash flow, and CEO Liang Zhongtao is living an easy life now.
Before HTIC acquired Peregrine, Peregrine had 29 branches in 16 Asian countries and 7 international branches in London, New York, San Francisco, Munich, Zurich and Bahrain, with more than 1,700 employees, including The stock products department has 1,060 employees and is full of talents. It holds 9 financial licenses. In 1997, Peregrine's turnover reached more than HK$282 billion, and its securities trading volume accounted for 10.17% of the total trading volume of Hong Kong stocks, becoming the largest trading company in Hong Kong. Ranked first in terms of securities trading volume, it has become the largest securities company. It is the only investment group in Asia (excluding Japan) that can compete with major European and American investment banks.
After HTIC moved in, it injected US$408 million in capital. Peregrine cleared its historical bad debts and bad debts, and made a one-time withdrawal of HK$32.32 in bad debt provisions to start the business with ease.
According to Chairman Sun's proposal, Peregrine opened a branch in Moscow in July this year.
"President Huang, do you have any good suggestions?"
Peregrine Bank opened on February 18, with HTIC taking the lead in depositing HK$1 billion, and now its deposits have reached HK$3.5 billion.
The Russian financial crisis broke out in October 1997 and experienced three major financial turmoils, with very serious consequences. It not only worsened Russia's troubled economy, but also shocked the global financial market.
After Russia defaulted on its national debt, both Wall Street capital and Western governments had no choice but to negotiate with Russia on debt extension and restructuring.
After a series of negotiations, the Paris Club, which mainly focuses on government bonds of Western countries, and the London Club, which mainly focuses on Western private sector creditors, exempted Russia's debt of more than 10 billion US dollars and agreed to cut interest and extend the repayment period, allowing Russia to "Amortization" and more than $20 billion in debt were converted into 30-year Eurobonds.
As stock prices plummeted, bonds were frozen, and the ruble depreciated, foreign investors lost more than $117 billion in the Russian market.
Germany, as Russia's largest trading partner and creditor country, has suffered the most losses. The exchange rate of the German mark was even dragged down by the ruble. Enterprises in eastern Germany that have long-term cooperative relations with Russia have suffered varying degrees of losses.
Quantum Fund's losses were as high as US$2-3 billion, while Long-Term Capital Management's losses were more than US$4 billion, and American Bankers Trust lost US$488 million and was merged by Deutsche Bank.
The imminent bankruptcy of Long-Term Capital Management alarmed the U.S. government. To avoid causing a chain reaction, the Federal Reserve had to take action and contacted many major Wall Street investment banks to jointly acquire the company.
China Satellite Communications Corporation (CSCL) has been established and strives to launch 54 low-orbit small communication satellites within five years (October 2003) to complete the construction of a global mobile communication network. 3G can be launched in China and 3G will be launched in the United States. .
Professional matters are left to professionals, and Sun Jian does not have the time or energy to pay attention to CSCL's daily operations.
It is stipulated in the agreement that the Xingchen Airlines low-orbit small communication satellites developed and produced by Xingchen Airlines Co., Ltd. will be purchased at market prices.
Xingchen Hangda Co., Ltd. has produced two low-orbit small experimental communication satellites. Although the weight of 750kg is not in the same level as the 2300kg "Dongfanghong-3" satellite, it carries 12 Ku-band transponders and is a three-axis stable design. It has a lifespan of 10 years and most of its technical indicators exceed that of the "Dongfanghong-3" flying in the starry sky.
The satellite design company of George Chadwick, the "Father of American Satellites", is not in vain.
George Chadwick and his colleagues hold 2.7% of the shares of Star Commercial Satellite Company.
This is also the main reason why China Satellite Communications Corporation purchased the small communications satellites developed and produced by Xingchen Airlines Co., Ltd.
Two stars were launched into the sky with one arrow.
Cooperate with Russia's International Satellite Joint Corporation and use the reduced medium-range missiles of the former Soviet Union as carriers for launch? Or will it be launched using the Long March series rockets of China Great Wall Industrial Company? This is the job of CSCL management, with the goal of completing the launch mission as planned and saving money, and Sun Jian will not interfere.
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