Hua Xia made Warren Buffett the scapegoat, and the US government can't do anything about it. Although the US government felt this is an excuse, there are no flaws in it.
But this year, Warren Buffett's shares had shrunk. Last year, his net worth had surpassed Bill Gates and is the second richest man in the world. But now, his net worth is on par with Bill Gates.
Bill Gates is also not doing well. Last year, he was only ranked fourth in the world. Without a doubt, Feng Yu is ranked first. Second is Warren Buffett. His net worth is more than 60 billion USD. This is because the stock market was booming at that time, and Warren Buffett's net worth had increased.
Third is Mexico's telecom tycoon, and Feng Yu wants to enter the US telecom industry with him. Fourth is Bill Gates, the software tycoon.
Bill Gates had fallen from being the World's Richest Man to fourth place, and his reputation had fallen. This also shows that many people's trust in Microsoft has fallen.
Bill Gates is also accumulating his strength. He wants to see if Microsoft's new PC operating system can bring Microsoft back to the top.
Feng Yu can guess what Bill Gates is thinking, but Feng Yu does not think Bill Gates can succeed. At most, Bill Gates will be the third richest man in the world.
Feng Yu will be the world's number one, and it should be Kirilenko's turn to be the world's second richest man.
Feng Yu had invested the most in this financial market, and Kirilenko had invested the second most. Kirilenko is crazier than Feng Yu in using mortgages to speculate in the financial market.
Microsoft's new operating system might be better than Windows 7 in Feng Yu's previous life, but due to the user's habits and Lenovo Kingsoft's strategy, it will not be as good as before.
Microsoft does not need to worry about being sued for monopolizing the market because they had lost their monopoly position.
To Feng Yu, Bill Gates will be the same as his previous life. He will wait for the new operating system to be released and Microsoft share prices to recover. He will use the funds to invest in his charity foundation. It's time for the software industry to change!
Feng Yu had also asked his men to analyze the stocks of many companies to see which stocks would continue to fall. Then, he looked for financial companies that could lend their stocks to him and started selling them short.
At the same time, he asked Ralph to hurry up and negotiate with that supermarket group. He requested Ralph to acquire that supermarket group as soon as possible and merge it with Taihua Holdings.
However, Ralph was also very busy. Even Masao Kameda was helping out. Although Feng Yu gave Masao Kameda a holiday to accompany his family to Beijing to watch the Olympic Games, Masao Kameda also took the initiative to share some of Ralph's work, such as integrating some acquired financial companies.
Minsheng Bank was also having frequent meetings to discuss entering the US market. Although Feng Yu had already set the tone, there was still a huge gap between theory and actual operation.
For example, to build so many business outlets would require a lot of investment. If Fannie and Freddie go bankrupt, the US real estate market will continue to fall.
The difference between buying a shop now and two months later will be more than 10%.
10% is not a lot. But if it is 1 billion USD, the difference will be 100 million USD.
100 million USD is not a lot to Feng Yu. But to Minsheng Bank, which is spending money like crazy, it is not a small amount.
Minsheng Bank's shareholders are using their own money. If their companies invest in the bank, it will not be a problem. For example, Zong Qingxian has a lot of assets. But most of his assets are Taihua Holdings, Wahaha Group shares, and some other companies' shares. He does not have a lot of cash.
Most of Minsheng Bank's shareholders are in the same situation as Zong Qingxian. Who will keep so much money in their bank account? This is not an investment philosophy.
Feng Yu does not care about all these. Anyway, he had told the shareholders that this is the best time. Before the end of this year, they must complete the layout. At least, the location must be completed. Next year, they can use this opportunity to expand their business. This way, Minsheng Bank can stand firm in the US and grow rapidly.
Some people felt that opening more than one branch at the same time is risky. Although the US financial market is not doing well now, it is a good opportunity to enter.
But it is better to open a few branches first and expand next year. Feng Yu thought for a while and felt there is nothing wrong with this. Feng Yu has a lot of funds, and he can open more than one branch at the same time. The other shareholders cannot do this, and testing the waters now is also a way to strengthen the other shareholders' confidence.
Actually, Minsheng Bank had opened its first overseas branch in New York two years ago. At that time, it is mainly Feng Yu's business, and it includes other companies such as the beverage alliance.
The sales revenue in the US will be transferred through Minsheng Bank instead of Hua Xia's state-owned banks or Citibank.
Now, Minsheng Bank is doing well. With Feng Yu's help, at least it has a foothold in the US. It did not lose money, but it did not make any profits either.
After all, there are too few branches, and there will be too many customers. Feng Yu also rejected the financial derivatives transactions between other banks.
Those transactions seem to have high profits, but in fact, the risks are high. High profits are accompanied by high risks.
Everyone trusts Feng Yu and believes in Feng Yu's decision. Now, it seems that Feng Yu's decision is right. If not, Minsheng Bank will be in trouble now.
Minsheng Bank's main business now is interbank lending.
In other words, short-term loans between banks, or between other financial institutions and banks.
This type of loans can be for one day, three days, one week, one month, three months, etc., and it is mainly to adjust positions and temporarily short of funds.
Everyone knows that a bank or financial institution does not have a lot of cash reserves. 20% of the total amount of cash is very high, and even 10% is not enough.
What if someone needs to withdraw a large amount of cash, and they do not have enough funds? At this time, they need to borrow from their peers.
He borrowed money from his peers for emergencies, then sold some products, or relied on other means to raise enough cash to repay the debt.
This way, they can invest more funds and continue to make profits. The bank itself is an institution that uses other people's money to invest and make profits. Of course, they will invest as much as they can to ensure the highest profits.
Today, Minsheng Bank's New York branch received a short-term loan from a bank. This matter was reported to Feng Yu.
Feng Yu looked over. Why is it this bank?
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