Chapter 696 Thunder Explosion

Chapter 696 Thunder Explosion

Chapter 696 Thunder Explosion
About the Bailutan Hydropower Station that came to our doorstep.

The project is quite good, but unfortunately the timing for investment is not yet ripe.

Fan Wumian sent someone to further understand the situation and put it on hold for the time being, preparing to take action later when he had some spare money.

Nowadays, there are many people in the market who are willing to invest in hydropower stations. Unfortunately, most of them just want to lend money and then enjoy the high bond returns that are guaranteed to make a profit, rather than directly becoming shareholders and sharing the risks.

The current situation is that the interest on bonds is high, but the income of the hydropower station is limited. After paying the interest to the creditors, there is not much money left, and of course there is no spare money to repay the principal and reduce its own debt burden.

This has resulted in the Three Gorges Dam, which is known as a "money printing machine", having seemingly high total revenue but dismal net profit since it was put into operation last year, and has fallen into a vicious cycle. It has fattened up creditors of the "Three Gorges bonds" and boosted economic development, which is very beneficial from a national perspective, but the dam itself is in a loss-making state.

There is a shortage of money everywhere in the mainland market.

If in a few years, Fan Wumian takes 30 to 50 billion RMB and actively seeks cooperation, I believe that the Yangtze River Hydropower Group, which he has targeted, will have no reason not to agree to cooperate in completing the financing and additional issuance.

The original intention of establishing the Yangtze River Hydropower Group was mainly to operate and manage the Three Gorges Dam. It now holds some of the generating units of the Three Gorges Project. Once Fan Wumian's funds are invested to help the company completely acquire all the generating units of the Three Gorges Dam, it can then devote its energy to developing other hydropower stations and try to further grow through capital operations.

A mega project like the Bailutan Hydropower Station is definitely not something that can be taken over by private capital in a short period of time. Foreign companies are not qualified to touch this big cake, and there is no need to worry about being overtaken by others. There is plenty of time to slowly build it through the Yangtze River Hydropower Group.

Although there is ample cash in the account of Xinhua Insurance Group now, the problem is that Fan Wumian plans to use the money to buy at the bottom and find more suitable investment channels.

On the other hand, the total market value of China Yangtze Power Group has dropped from more than 1700 billion yuan before the A-share crash to more than 1400 billion yuan now. Judging from the price-earnings ratio, net assets and other data, there is still a big bubble in the stock price. Analysts believe that it is worth only 900 billion to 1000 billion yuan at most.

Buying at the bottom can make huge profits, but investing in the Yangtze River Hydropower Group is equivalent to taking over the entire company. The losses are too great both ways, so Fan Wumian certainly knows what to choose.

Therefore, after releasing the news that he was optimistic about clean energy and planned to build a hydroelectric power station, although officials from various places in the north kept coming to contact him, Fan Wumian found reasons to dismiss them all. There was no need to wrong himself and add credit to other people's resumes.
7 month 22 number.

I did nothing during the day and just lay down from morning to noon.

I went out to play tennis in the afternoon to exercise, and was harassed by several girls in succession, which annoyed me greatly.

In the evening, he invited a few friends to have dinner together. In the restaurant, they were annoyed by the baby brought by Mantis. Mantis's wife even wanted the child to recognize Fan Wumian as his "godfather", but he made an excuse that he was still young and decisively refused.

Becoming a godfather means being responsible for the baby's future. Compared to how warm the atmosphere is, the probability of being involved in trouble is much higher. Countless film and television dramas can prove that the responsibility of being a "godfather" is not that easy.

Fan Wumian knew what the mantis wife was up to, so he just took out more than 10,000 yuan of pocket money and gave the child some money for milk powder as a token of his appreciation.

We have long run out of common topics, so it's quite interesting to listen to a few former best friends talking about their respective lives.

For example, Youpia fell in love with a waitress who worked in a bar and had a miserable family background, with a gambling father and a sick mother. He spent tens of thousands of Hong Kong dollars on her, only to find out that she had been married for a long time and her son was already in kindergarten.

There is also a meat dish. Last week, I won an epic "Tib's Fiery Longsword" while playing the "World of Warcraft" online game. I traded it offline with a player in Causeway Bay and sold it for 45000 Hong Kong dollars. Last year, my family moved to a new house near Kowloon Walled City. Thanks to the soaring property market in Hong Kong, the value of the house increased by or Hong Kong dollars.

Dealing with money longer than a phone number all day long makes Fan Wumian feel that such nostalgic dinners are particularly down-to-earth. He feels more and more that he is drifting away from his original life and it is difficult to go back to the past.

But I was so poor in the past that I had nothing except my body. Only when I went crazy would I think that things were better back then. When I turned over at night, I would be woken up by the creaking sound of the folding bed springs. They were not as comfortable as the mattresses worth hundreds of thousands of dollars nowadays. I am just missing them a little and looking for emotional value.

After dinner, I returned home, took a shower, and went online to check Weibo.

Countless bachelors would lust after women even in their dreams, but he, on the other hand, enjoys the quiet nights alone. It can only be said that he is really choked and has no time to spare.

Occasionally, I would send messages to Zhuang Muxi, Feng Ying'er, Guo Biting and others through QQ, and each of them would take an hour or two to chat. Raising fish is not that easy, and it is not easy to be a master of time management. If there is any omission, they will easily have wild thoughts.

This has caused Fan Wumian to be calm recently. When Baby Yang, who had become pretty in the morning, wanted to buy some gifts such as fish maw and abalone for him, he replied that he appreciated the kindness and asked Baby Yang to take advantage of the holiday to rest at home and learn more about how to perform.

There is also Zhang Yuqi, who would contact him on QQ from time to time. She has a carefree personality and often takes some photos for Fan Wumian to appreciate. Her cleavage is clearly visible, and she calls it "asking the boss for advice on work."

It may be because Fan Wumian has been creating a "single" persona to the outside world for a long time, so everyone thinks they have a chance to win him over and their attitude is quite positive.

The business has temporarily reached a bottleneck period. Most of the money that can be invested has been invested. Unless we can make a large sum of quick money, plans such as acquiring Jaguar Land Rover and Aston Martin will be difficult to achieve. We can only wait patiently for the subprime mortgage crisis to explode.

In his personal life, without the motivation to flirt with girls, Fan Wumian felt that his life had suddenly become dull. It was as if he knew that he was empty and boring.

A few days later, the market gave Fan Wumian another surprise.

First, a hedge fund under the Wall Street financial services company Bear Stearns suddenly announced that it had begun to dissolve and liquidate due to the impact of the subprime mortgage crisis, and claimed that the US credit market was in its worst state in 20 years.

Just over an hour later, Macquarie Bank of the United States issued a statement saying that investors of its two high-yield funds faced a 28% loss, also due to the poor state of the credit market.

One night in Hong Kong, Fan Wumian had just fallen asleep when he was woken up by the phone at home.

His landline phone is basically not used and only a few people know his number.

This woke Fan Wumian up instantly. After answering the call, he heard Pu Jiajing's surprised tone:
"Why didn't you answer the phone? Who are you trying to harm so late at night? The family office called me and said that the U.S. stock market plunged by more than 2%. Is that really a big drop?"

Fan Wumian took the landline phone without a phone line, walked towards the study room in a daze and said:

"What harm to whom? I've been going to bed early and getting up early these days, and you woke me up just as I was beginning to dream. I didn't watch the news before going to bed. Is this some bad news?"

Pu Jiajing told:

"How would I know? I was so busy filming these past few days that I was exhausted. I was memorizing my lines when I suddenly received a call. Being your assistant is working, and coming to the crew is still working for you. It feels like there is no difference."

Hearing this, it seemed that Pu Jiajing was about to come back. Fan Wumian immediately cleared his mind and, for the sake of his own health, he decisively said:

"As an assistant, you only make a few bucks. Stars get much more money. Haven't you always wanted to be a big star? Film a few more movies recently, and push them out after they're released. I'll help you get some advertising endorsements. Earning millions is not a dream. Then you can have everything you want."

Pu Jiajing had an easy job and was addicted to sex. She would sneak into Fan Wumian's bedroom at night when she had nothing to do, completely disrupting his rhythm of life.

After a few days of hard work to recuperate, Fan Wumian didn't want her to come back too early.

Sitting in front of the computer and flipping through the hot list of Penguin News, after figuring out the reasons for the plunge in US stocks tonight, he began to feel a little excited.

It had little to do with Bear Stearns and Macquarie Bank. It was mainly because Jorgen Rogers sent an email mentioning that Goldman Sachs had begun to liquidate subprime mortgage derivatives and was secretly following suit and shorting the US housing market.

This shows that Wall Street is beginning to collapse, and the iron wall that originally blocked the subprime mortgage crisis is finally shaking with the defection of Goldman Sachs.

Once Goldman Sachs starts to save itself, a chain reaction will easily occur, causing other companies to rush to sell off their bad assets, thus engaging in a scramble to escape, which will in turn drive the subprime mortgage market to collapse.

I remember seeing a Hollywood movie called "Battlegrounds", which tells the story about Goldman Sachs and Lehman Brothers on the eve of the complete outbreak of the financial crisis.

Fan Wumian is not very clear about the specific background story of "Business Ultimatum". He only remembers that the financial tsunami broke out in 2008, causing the bankruptcy of companies such as Merrill Lynch and Lehman Brothers. This shows that the story in the movie should take place next year, not now.

When it comes to backstabbing its allies, Goldman Sachs is an expert at it.

Goldman Sachs, which has hundreds of senior partners, has always been ruthless in pursuit of profits. Those employees who have successfully become senior partners are often discarded after their resources are squeezed dry, and the company never keeps idle people.

Even so, there are still countless people scrambling to become a senior partner of Goldman Sachs Group, because as long as they successfully get the position and enjoy generous dividend rights, their income will be very high for a period of time, and working for one year may be equivalent to working for ten years under normal circumstances.

A few words of sincere thanks to Goldman Sachs.

After saying "God bless you", Fan Wumian checked his personal holdings and found that he had a total of about US$2.3 million in paper profits.

I was confused for a while and felt that there was nothing I could do. I was not in a hurry to cash out for the time being, so I simply lay back in bed and went to sleep, hoping to see a new surprise tomorrow morning.

Before falling asleep.

Fan Wumian was still thinking that he had really become richer mentally, with more than 2 million US dollars added to his account out of thin air. He could even sleep soundly at this moment, and he would probably have a good dream all night long.
(End of this chapter)