Although htIc, htIc Securities Company and Peregrine are all controlled by Sun Jian, and the backs and palms of his hands are all flesh, htIc is exclusively controlled by tIc, and tIc is controlled by Sun Jian alone. Through htIc, he holds 55.37% of htIc Securities Company and 51.65% of Peregrine. % shares.
The increase in shares is the result of Xiangjiang Financial's defensive battle and has been announced on the Hong Kong Stock Exchange. The company's shareholders and ordinary investors are happy to see the results.
On August 12, Sun Jian instructed Wang Dongming and Chen Huamin to go long on the August contract of Hang Seng Index futures. Li Dong, who was already eager to try, knew about it at the first time and bought 463 million Hong Kong dollars of Hang Seng blue chips. Although the Hong Kong Financial Defense War I was trapped, but now I have a profit of about 5%.
The tower near the water gets the moon first.
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Moscow.
"Mr. Wang, welcome the richest Chinese man to invest in Rosneft."
At 6 pm on October 7, Wang Dongming and his team arrived in Moscow. After resting for one night at the Hilton Garden Inn, they went to the Russian Prime Minister's Office the next morning to ask for a meeting with Prime Minister Kiriyenko.
As the year is approaching, the 36-year-old Kiriyenko is anxious and exhausted every day. Not only international investors hate him, but ordinary people are also complaining. The State Duma is constantly calling for him to be dismissed, and the president is not satisfied with him. , I heard that Wang Dongming was interested in 75% of the shares of Rosneft on behalf of Sun Jian, the richest man in China. I was so happy that I turned down an important meeting and met with Wang Dongming.
The low-key richest man in China is the hidden richest man in the world. For people like Kiriyenko, it is an open secret.
Kunpeng Software (Russia) Research Institute, which opened in September 1996, has excellent recruitment conditions and a very high threshold for application. However, local software professionals are flocking to it. Now there are more than 200 software engineers, programmers, and mathematics Ph.D.s. Talents work for the institute. In addition to completing the tasks of Kunpeng Software Research Institute, they mainly undertake software programming projects for local companies, but they have never heard of Sun Jian coming to inspect the work.
If Sun Jian is willing to purchase 75% of Rosneft's shares, it will not only alleviate the government's financial pressure, but most importantly, it will rekindle the enthusiasm of international investors to invest in Russia.
In early 1992, Yeli Q's popular figure, Deputy Prime Minister and Finance Minister Gaidar, who was responsible for economic policy, implemented the "shock therapy" reform, which brought the national economy into a mess. Not only was inflation extremely serious, but most enterprises were also paralyzed. Under this unfavorable situation, with the acquiescence of Yeli Q, Gaidar accelerated the privatization process of state-owned enterprises. Many state-owned enterprises were packaged and sold at low prices, resulting in a large amount of wealth being monopolized by a small number of people, while ordinary people have been in the hands for many years. The frugal savings turned into waste paper, and life plummeted.
In December 1992, "Natural Gas King" Chernomyrdin, Minister of Natural Gas Industry, became Prime Minister of the Federal Government. The trend of economic collapse was alleviated, but the effect was not ideal. By 1998, Russia's industrial production had dropped by more than half. Russia has become a country that relies on the export of oil, natural gas and other energy and raw materials in exchange for foreign exchange to survive. The federal government is as poor as a beggar and has been running deficits year after year and cannot make ends meet.
The federal government initially had to rely on printing money, that is, irresponsible overdrafts from the Central Bank of Russia to survive, but this led to severe inflation. In order to restore the economy, the federal government gave up the practice of overdrafts from the Central Bank and turned to through Issue short-term bonds to address funding gaps.
As time went by, the issuance of treasury bills gradually became the main revenue of the Russian government. In order to repay the old treasury bills that matured one after another, the Russian Ministry of Finance had to issue larger and larger amounts. New Treasury Bills.
In 1997, the Russian Ministry of Finance raised 35.9 billion rubles through the issuance of new treasury bills throughout the year, but 35.4 billion rubles were used to repay maturing debts. That is to say, after issuing so many treasury bills, the government raised can be used for The funds from the federal finance are actually only 500 million rubles (approximately 80 million US dollars).
On March 23, 1998, out of political considerations, Yeliq suddenly dismissed Chernomyrdin as prime minister and appointed 35-year-old Kiriyenko, Minister of Fuel and Energy of the Russian Federation, as prime minister of the government. This led to the president, The government and the State Duma had a dispute over the appointment of the new prime minister. After three State Duma votes, the State Duma barely approved the appointment of Prime Minister Kiriyenko on April 24.
As the scale of federal government debt expanded, the market placed increasingly stringent requirements on the yield on Treasury bonds. In May 1998, the annual yield on Treasury bonds actually rose to 80%! By July, the market actually offered a sky-high price of 230% annual yield for certain types of bonds!
International hot money such as Quantum Fund, Tiger Fund and Long-Term Capital Management rushed into the Russian financial market, exchanging hard currencies such as US dollars and marks for rubles, and then used the rubles to purchase Russian treasury bills with extremely high yields, and then redeemed them through The foreign exchange market maintained by the Central Bank of Russia, converts rubles into foreign currency to leave.
Due to the impact of the Asian financial crisis, the economy of Southeast Asia, which was once the most dynamic region, fell into depression. The world's demand for oil, natural gas and raw materials dropped sharply. The international crude oil price dropped from US$23.5 per barrel in October 1996 to 1998. Around $12 in August.
As the international energy and raw material market prices plummeted, Russia's exports suddenly decreased, foreign exchange earnings fell off a cliff, and the interest rates on Russian short-term treasury bills issued based on foreign exchange earnings soared. Foreign investors and Russian commercial banks began to withdraw from the treasury bond market, and In an attempt to flee with the US dollar, the Russian Central Bank can only maintain the "Ruble Corridor" in the foreign exchange market in vain.
As the Asian financial crisis worsened again in August, George Soros published an article in London's Financial Times on August 13, "urging" Russia to take the initiative to devalue the ruble by 15% to 25%. As soon as this statement came out, the Russian financial market immediately went into chaos.
Due to the shortage of national foreign exchange reserves, the ruble is under increasing pressure to depreciate. The national exchange rate of the ruble against the US dollar has dropped from 6:1 to 6.3:1. The yield on short-term government bonds has exceeded 80%. The government cannot pay its huge maturing debt. Prime Minister Kiri Yanko signed a joint statement with Central Bank Governor Dubinin, announcing that the upper limit of the "Foreign Exchange Corridor" would be raised, and the ratio of the ruble to the U.S. dollar would be raised from the original limit of 5.1 to 7 rubles to 1 U.S. dollar to 6 to 9.5 rubles to the U.S. dollar. One U.S. dollar is equivalent to a 50% depreciation of the ruble. The market is in an uproar. Investors and Russians have gone to banks to cash in dollars and snap up daily necessities.
No one expected that Russia's financial system was on the verge of collapse.
