CSCL will buy insurance for every small communication satellite it commissions to launch, so if a launch fails, it will not be a loss.
It is Sun Jian's fault that CSCL has no money to spend, but the failure of the "Symmetry Plan" to be completed within the specified time is the problem of CSCL's management. Chairman and General Manager Guo Yongcheng will bear the unshirkable responsibility.
"Chairman, on September 4, the Russian government was forced to announce that the ruble would be allowed to float freely. The official exchange rate of the ruble against the US dollar plummeted from 9.5:1 to 17:1, and the unofficial inter-bank transaction price was 22:1, causing Russians flocked to banks to withdraw rubles, exchange them for U.S. dollars, and snap up consumer goods. A large number of Russian companies and banks collapsed, prices soared, and the economy fell into a severe recession. The Russian stock market plummeted 95% from the beginning of the year to the present. Although the stock price is at the bottom, the Russian economy is still There is no escape from the predicament. According to what I learned from my peers, more than 700 of the more than 1,500 banks in Russia have declared bankruptcy. The banking industry’s own funds have dropped from US$35 billion to US$10 billion. The Russian government is financially strapped and intends to sell 75% stake in Rosneft in exchange for funds to tide over financial difficulties. Due to the plummeting international oil prices, no one is interested in it to this day."
Huang Yongcan is a little worried. It is rumored that when Quantum Fund, Tiger Fund and Long-term Capital Management entered the Russian financial market, "1 yuan stocks" were everywhere on the Russian stock market, which made financial tycoons such as Soros and Robert feel that they had copied something. With a big bottom, I will definitely earn back dozens of times in the future. No one expected that the stock price was cut in half again, and they had to cut their positions and leave the market.
The Russian financial crisis has severely hit U.S. hedge funds. The Federal Reserve has to take bailout measures, and the United States cannot be alone. If the Russian ruble is allowed to depreciate, the U.S. financial market will also suffer a serious blow. From September 7 to 9, U.S. President Clinton The visit to Russia at the height of its financial crisis demonstrates that building a strong relationship with Russia is vital to U.S. interests.
"Although the Russian financial crisis is not over yet, it has come to an end. Mr. Liang and Peregrine invested 1 billion Hong Kong dollars in the Russian stock market, with President Du in charge."
Sun Jian made the final decision, and there was no need for him to say anything about what stocks to buy.
"Okay, Chairman!"
"Okay, Chairman!"
"Deputy Minister Keith Wood, do you think it is possible to go long in the current Hong Kong stock market?"
Keith Wood, 42 years old, is of Indian origin from Hong Kong. He graduated with a Ph.D. in finance from Harvard Business School. After graduation, he worked as a securities analyst at Lehman Brothers Holdings for 4 years. He has rich market experience and was offered a salary of HK$500,000 a year by William Du. He hired Peregrine with a high salary and served as the director of Peregrine's investment strategy department and global chief strategist. He made great contributions to the rapid development of Peregrine. However, he did not fully understand the harm of the Asian financial crisis, misjudged the trend, and misjudged the trend. Peregrine bears unshirkable responsibility for its investment failure.
After Sun Jian came to power, he promoted former Vice Minister Huang Desheng to the position of Minister and Global Chief Strategist, while disqualifying Keith Wood as Global Chief Strategist and demoting him to Deputy Minister.
"Chairman, I think the Xiangjiang stock market has stabilized and an upward trend has been formed. I suggest that the company be long in the Xiangjiang stock market."
Did Keith Wood know that Sun Jian was testing his ability to judge the trend of the Hang Seng Index? There is no trace of anger. Even the talented and arrogant CEO Liang Zhongtao and president William Du are convinced in front of the young Sun Jian. Starting from scratch, his brilliant achievements speak for themselves. Sun Jian is known as the stock god among the traders of HTIC. , although there were mistakes, he never failed in trend judgment and made a lot of money. He understood that Sun Jian did not like ambiguous answers.
"Peregrine spent 2 billion Hong Kong dollars to go long on the Hong Kong stock market, and Mr. Liang was responsible for it."
Sun Jian was satisfied that he was investing in stocks and stock index futures based on his past life memories, and that Huang Desheng and Keith Wood were the real strategic analysts.
"Okay, Chairman!"
Liang Zhongtao knew in his heart that the shrewd Sun Jian had a premonition that the Xiangjiang stock market had stabilized, and Peregrine should increase investment, but it was hard to say clearly. Through Keith Wood's answer, he told everyone that an upward trend was forming, and finally made a decision. He did not insist on going his own way, but Don’t you decide to invest after research and analysis? Investment scale? Missed investment opportunities.
From Wang Dongming’s conversation, we learned that Sun Jian never interfered with HTIC’s self-operation?
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"Does Mr. Wang know that the Russian government plans to sell 75% of Rosneft's shares?"
Throughout the year, Sun Jian only went to the Peregrine headquarters a few times? After a long time, we invested in the Russian stock market and increased our investment in the Xiangjiang stock market. This was a major decision that determined Peregrine's performance; it suffered a huge loss in 1997, and its performance in 1998 will be greatly improved!
After the meeting, I stopped by to visit other management and ordinary employees of the company to see everyone’s spirit and enthusiasm for work. At noon, I had a meal with the company’s senior executives in the staff restaurant.
On the way back, Sun Jian kept thinking about the Russian government's plan to sell 75% of Rosneft's shares. He returned to HTIC headquarters and asked Wang Dongming?
Liang Zhongtao, William Du and Huang Yongcan are all shareholders of Peregrine. They are company executives hired by Peregrine's board of directors, not appointed by Sun Jian. Unlike their relationship with Wang Dongming, they are both superiors and subordinates, but also friends, and they are not worried about leaks. .
Wang Dongming and others all know Sun Jian's lofty ambition to contribute to the strength of the country. Everyone admires him very much and works hard.
"Chairman, I have also heard rumors that the Russian government's financial situation has seriously deteriorated this year. As the year is approaching, in order to ease financial pressure, it plans to sell its shares in the state-owned Rosneft. I don't know the specific details."
Wang Dongming had a premonition that Sun Jian, who had a keen sense of smell, was eyeing the Russian oil company. Now the international oil price is still falling.
"Mr. Wang, will you take someone to Moscow tomorrow to consult with the Russian government departments on the specific transaction details on behalf of HTIC?"
During the Peregrine investment meeting, Sun Jian received the news that Rosneft's shares were being sold. He immediately felt that this was a historic investment opportunity. If he missed it, he would pay more than ten times the price.
Rosneft's status in Russia is equivalent to CNPC's status in China, but it wants to sell 75% of its shares?
"Okay, Mr. Sun!"
being targeted!
Sun Jian now dares not travel far away. He takes two bodyguards with him when he goes out. When he goes to the United States, he is always followed by four bodyguards with guns.
Russia is still in the midst of a financial crisis. Companies and banks have collapsed, prices have soared, the economy has fallen into a severe recession, homeless people are homeless, financial oligarchs are plundering, various forces are competing, and social security is not good.
He didn't dare to go abroad rashly, and Sun Jian's current status did not allow him to go abroad casually.
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