Rebirth capital madman - Chapter 1220

Walking into the hall, one can tell at a glance that no one has arrived yet.

This is not surprising. Judging from the social level of President Gao, Gao Xian belongs to the rare young group, and his diligence is normal. live.

After noticing that Gao Xian came in, an old man immediately stood up to greet him, and at the same time greeted him with “Sir Gao” in English. President Gao also quickened his pace and responded enthusiastically.

This person is the former president of Nomura Securities, Tianbuchi Yoshihisa, who stepped down in June this year, but he and Gao Xian met with the former CEO of Chase Bank of the United States, Willard Butcher before the Xiangjiang Global Financial Leaders Investment Summit, Not the same.

Willard Butcher is sixty-five years old and is a normal retiree. He is no longer the head of Chase Bank in the United States, and he will not be left out in the cold. There are many directors of large American companies, as well as Rockefeller family foundations and museums. However, Yoshihisa Tabuchi was retired, which is quite ironic compared to his previous glory when he was the president.

The reason why Yoshihisa Tabuchi fell from the clouds to the dust is related to the current embarrassment of Nomura Securities, and it can be regarded as a reflection of the current economic bubble bursting.

The cause and effect can be roughly explained as follows: Nomura Securities performed poorly and lost money from major customers, and they refused to agree to it, and they wanted to pursue responsibility and claim compensation.

Just to give you an example, in the year before the stock market bubble reached its peak, Nomura Securities signed a specific currency trust agreement with Tokyo Broadcasting Corporation. As a result, in less than two years, when I checked the trading account in March this year, I lost about three 160 million yen.

You must know that in recent years, the exchange rate of the yen has remained strong in addition to rising. It is not the same level as in the early years when one dollar was exchanged for 300 or more than 200 yen. Now one dollar is exchanged for 100 yen. More yen, basically less than 150 yen, and 360 million yen converted into US dollars is more than 2.4 million US dollars.

Tokyo Broadcasting believed that Nomura Securities was negligent, so it made a fuss, and even the regulatory authorities intervened. Even Nomura Securities felt that it was wrong, and agreed to pay 16.1 billion yen for various compensations.

This is not over yet, Nomura Securities has been found out another problem, there is a deal with the gangsters.

Nomura Securities has gotten into such troublesome troubles. As the president, Yoshihisa Tabuchi, how can he secure his position?

This shows the gap between many people, including Tianbuchi Yoshihisa, and Gao Xian. They are very prosperous in their positions, but if they step back, they might lose out. On the other hand, Gao Xian has his own resources. One day he left his official position as the president of the Hong Kong Financial Management Bureau, and the Gao Kingdom, which was built by himself, still has boundless power.

Tian Buchi Yoshihisa was afraid that the resignation would not be finished, so after retiring, he was still active everywhere, nothing more than to increase amulets, and Gao Xian didn’t show that he was leaving the tea, and wanted to attend the Xiangjiang Global Financial Leaders Investment Summit , do not treat you poorly, the same hospitality specifications as Willard Butcher.

President Gao’s benevolence and righteousness, in addition to his behavioral style, has another consideration, that is, people like Tian Buchi Yoshihisa should still have value, and even Gao Xian sees it more thoroughly. , Tabuchi Yoshihisa was kicked out, somewhat “wronged”.

Take Tabuchi Yoshihisa’s predecessor, Tabuchi Setsuya, who retired safely in 1985, but now he has been settled by Qiuhou, and even the consultant at Nomura Securities has been slapped.

Even Yoshihisa Tabuchi’s successor, Hideo Sakemaki, the current president of Nomura Securities, has some similar problems hidden.

From the non-indifferent attitude of Shumaki Hero towards Tianbuchi Yoshihisa in this conference room, one can guess that they are suffering from the same disease, and the rabbit is dead and the fox is mourning.

This is the so-called rivers and lakes. There are subtle differences in the ways and angles of looking at various phenomena and problems, and some imagined things for granted.

Feeling the courtesy of President Gao as always, Yoshihisa Tianbuchi, an elite who has lost power for a while, naturally feels at ease from the bottom of his heart, and the other elites who are watching also admire Gao Xian’s charisma.

Along with the chat, all the people who should come have arrived, and the forum has officially started.

Because of Gao Xian’s creation of the Xiangjiang Offshore Yen Center, there is a special connection between the Xiangjiang International Financial Center and a capital market that is far closer than Wall Street, and this discussion with a financial circle brings This year’s Heung Kong Global Financial Leaders Investment Summit is the finale.

Foreseeing that a book is still closely related to many “financial skills”, Gao Xian can be said to show what he has learned in order to consolidate his authority in the elite circle.

A stock market bubble burst magnificently last year, that is, in 1990; a real estate bubble burst with a lag, starting this year.

A large financial institution like Nomura Securities suffered losses in the bursting of the bubble, and it has nothing to do with the bursting of the stock market bubble and the real estate bubble this time. There is a relationship that cannot be ignored-who has seen this For this kind of ups and downs cycle, it is enough to deal with it according to the mature experience.

As far as this point in time is concerned, Gao Xian’s speech is deafeningly brilliant, “Everyone, this stock market crash and real estate depression, I think, is different from the asset bubbles of previous cycles, but a more terrifying credit bubble , I speculate that the number of bad debts in various banks is shocking, and the banking crisis should not be far away.”

In the financial field, the concept of credit is quite mysterious, and it can only be understood but cannot be expressed in words.

Inaccurately speaking, if the supply of real estate exceeds demand, the house will still be there after all; if the supply of stocks exceeds demand, junk stocks should be delisted, and the stocks will become waste paper, and there is also an intuitive feeling of an asset bubble bursting; but After the flood of credit, there is no real enough mortgage, but the financial resources far beyond the repayment ability can be controlled. When the credit bubble bursts, due to the special nature of credit, the degree of catastrophe of the chain reaction is unimaginable.

Listening to President Gao’s point of view on the credit bubble, all the financial elites present thought deeply.

Indeed, in the process of the continuous expansion of the economic bubble, not only many companies are frantically borrowing money, but individuals are also “begged” by the banks to make loans to almost the whole people. Now the stock market bubble and the real estate bubble have burst at the heel, and the corresponding wealth , all vanished, the scale of bad debts of the bank can not be scary!

Sir Gao, as the top regulator of the Hong Kong International Financial Center, his views are indeed more direct to the core than the market practitioners present here.