"Mr. Ye, do you think it's time to buy at the bottom?" Luo Kangrui called Ye Jin and asked.

After listening to his report, Ye Jin denied his proposal, "Don't worry, this crisis is not so easy to pass, and it is very likely that it will continue to deteriorate in the future. It has not yet fallen to the bottom yet, so it is naturally not the time to buy at the bottom."

In addition to the lack of internal supervision, poor management and poor response in Xiangjiang's current economic crisis, the impact of the external environment also occupies a very important position.

On the one hand, the economic inflation of Western countries and the emergence of local trade protectionism has caused the export-oriented Xiangjiang economy to suffer heavy torture. The overall international economic environment cannot be improved, and it is basically like a daydream to recover if the Xiangjiang economy wants to recover.

On the one hand, to save the economic crisis, a lot of money is needed. For example, the subprime mortgage crisis in 2007 and the new crown epidemic in 2020, countries around the world have come up with strong market rescue strategies.

Banks have loosened money, relaxed money, lowered interest rates, and even directly paid to the people, so as to resume work in factories and restore consumption to the people, thereby resuming the sluggish economy.

However, three months have passed since the Hong Kong economic crisis. In addition to taking over several banks, the Hong Kong government has not introduced any policies to save the economic crisis.

It has neither allowed banks to relax monetary policy, lower interest rates, nor helped unemployed workers, which has caused the recovery of Xiangjiang's economy to be entirely based on God's will. When will Xiangjiang's economy recover? It is really a matter of fate.

Under such circumstances, it is no surprise that Xiangjiang's economy continues to deteriorate.

The reason why the Hong Kong and British governments are so irresponsible is mainly because Hong Kong is rented. Just like tenants, of course, they will not cherish their own houses as much as they do.

In the eyes of the British Hong Kong government, if the Hong Kong economy collapses, it will collapse, and their interests will not be damaged anyway. No matter how bad the Hong Kong economy is, they can still make money.

As far as Ye Jin knows, due to the economic crisis, the stock market and real estate have fallen into a low point, and the Hong Kong and British governments have reduced their income, and they have come up with a tax increase strategy to make up for the losses. The economy is already so bad. If tax increases, business will probably be even more difficult.

...

After listening to Ye Jin's analysis, Luo Kangrui nodded thoughtfully, "Okay, then I'll wait and see."

"Well, don't worry." Ye Jin smiled, "I won't eat alone. When I act, I will tell you in advance."

"Thank you, Mr. Ye." Luo Kangrui was wary when he heard this and hurriedly thanked, "By the way, Mr. Ye, since you don't have to buy the bottom now, what do you think I can do?"

He now has nearly 2 billion Hong Kong dollars. It is too stupid to collect interest in the bank. It is best to make some investments so that he can make a lot of money.

"If you are interested, I think you can try it in Silicon Valley. The high-tech industry here has great potential." Ye Jin pointed with a smile.

After returning to Asiatica, he not only redeemed his mortgaged stocks, but also bought back the stocks he had sold before. Moreover, this investment has become even worse, with a total investment of nearly one billion US dollars, more than four times that of the previous one.

The high-tech industry is his main investment field. He has purchased a large number of stocks such as HP, Intel, ibm, amd, Motorola, Texas Instruments and other high-tech companies.

As high-tech industries are now receiving more and more attention, these stocks appreciate very quickly. In just three months, the stocks in Ye Jin's hands generally appreciate by 20%.

Especially Intel, after ibm released the technical information of ibm-pc, various computer manufacturers were preparing to make imitation ibm-pc, which made Intel's CPU sales surge.

So investors are optimistic about its prospects. Its stock price nearly doubled from May to the end of June, and its performance is quite eye-catching.

"Okay, I'll listen to you." Luo Kangrui nodded, and he was extremely admired.

While taking advantage of the stock market crash, Ye Jin immediately found a new project after making money. In just three months, he made hundreds of millions of dollars. In comparison, he only earned a few million Hong Kong dollars in interest.

No wonder Ye Jin has accumulated a net worth of ten billion US dollars less than ten years after his debut. His life experience is much better than Ye Jin and he has been in business much earlier than others. Now his net worth is only 2 billion Hong Kong dollars.

...

"By the way, Mr. Ye, the Jianing case has made new progress. Osai of Fumin Finance Company committed suicide. Deputy General Manager Imba, Loan Department Manager Hassan and others were taken back to China by Malaysian investigators." Luo Kangrui reported to Ye Jinhui again.

Chen Songqing started his business back to the support of Fumin Finance Company. This company is a branch of the Bank of Malaysia stationed in Xiangjiang, and it is also very strong.

With its financial support, Chen Songqing acquired Hanmei, successfully went public through a backdoor listing, and spent a huge amount of money to acquire Kinmen Building, establishing his identity as a wealthy man in Southeast Asia and a business genius.

Ye Jin also knew that Chen Songqing had close relationships with the senior executives of Fumin Finance Company and had frequent contacts. They often played ball, ate, tasted wine together, and were accompanied by beauties.

This kind of interaction is very abnormal and may involve financial transactions. So when something happens to Chen Songqing and Jianing Group is in trouble, the Fumin Finance Company, which stands behind it, naturally cannot escape the relationship.

"I actually committed suicide, hey, why bother?" Ye Jin sighed.

As the manager of Osaiyin's financial company, even if he doesn't eat Chen Songqing's sugar-coated shells, he can live a very comfortable life. As a result, a matter of thought, he will die more than anything else. It's really inappropriate.

"It is said that Jianing Group owes Fumin Finance Company a total of HK$2.5 billion. This money has been completely ruined now, causing great losses to the country.

Senior executives of Osaiyin, Imba, Hassan and other companies have accepted bribes from Chen Songqing, which are as high as tens of millions of Hong Kong dollars. However, many of them are Jianing's stocks.

Now that the stock price of Jianing Group has fallen into a garbage price, it is about to be delisted. Their stocks will be worthless, which is really miserable." Luo Kangrui explained.

When Ye Jin heard this, it was worth it to replace them.

It's so stupid to ruin my whole life for a batch of worthless stocks!

"How is the deal with the Jianing case now?" Ye Jin asked curiously again.

"Now the accounts have been roughly cleared out, and the total liabilities of Jianing Group are about HK$12 billion. All its previous performance was basically fake, and its real estate companies, insurance companies, taxi companies, etc. are all operating with loss of money.

But Chen Songqing made all these companies make big money by making fake accounts, inflated profits and related transactions. Stock investors couldn't see through his tricks and thought he made money by investing in one business. Now he realized that he was a fraud." Luo Kangrui sighed.

Ye Jin nodded.

At its peak, Jianing Group had a market value of only HK$6.2 billion, but it actually owed a huge debt of HK$12 billion. It is really ironic that such a company can still be called a business myth.

If such a stock market does not collapse, there will be a real problem.
Chapter completed!