Chapter 497 The Subprime Mortgage Crisis Begins

A week passed, and on June 29, Lin Yunjiao came to 51 Group to submit information and go through the entry procedures.

For a 24-year-old doctor of medicine to work in the CEO's office of 51 Group is enough to shock a lot of people's jaws.

Fortunately, Gao Yang warned Lu Yanran, the group's human resources director, in advance not to publicize Lin Yunjiao's academic qualifications.

Lu Yanran followed the procedure and gave Lin Yunjiao a simple interview, mainly to communicate and introduce the basic situation of 51 Group and the specific work of the president's office.

Lin Yunjiao started as an ordinary employee in the President's Office and also received half a month of induction training.

On June 29, the Shanghai Stock Index fell below the 60-day line again, and Gao Yang and Wu Ruohan were busy instructing traders in the investment department to increase their stock positions.

This time, we need to take advantage of institutional funds to suppress the stock index and complete the position building in the final stage of the bull market.

The company's account now has a full position of more than 50 billion in funds. When it withdraws from above 5,500 points, there will be at least about 130 billion.

This is what a super bull market looks like. In the next 20 years, I’m afraid there won’t be such a comprehensive bull market for A-shares.

On May 30, the number of A-share accounts opened exceeded 100 million for the first time. This bull market can also be called the stock investment enlightenment of Chinese people.

It is a pity that after every bull market, most investors will always lose money, and hundreds of millions of wealth will be transferred on this platform.

On July 5, the Shanghai Stock Exchange Index plummeted 200 points, a drop of more than 5%, and the trading volume for two consecutive days was 80 billion.

On July 6, the Shanghai Stock Exchange Index fell below 3,600 points again, and then began to rebound sharply.

After the market closed, Huang Yufei reported that the position in the company's account had increased to 70%.

At the close of trading on July 10, the company's account position increased to 80%, with just over 10 billion remaining.

The private accounts of Gao Yang and others have completed full positions today, and the market value of their positions has exceeded 9 billion.

It was 10 o'clock in the evening on Wednesday, July 11. As soon as Gao Yang lay down, his cell phone suddenly buzzed and vibrated.

It was my sister-in-law Chen Lan in San Francisco calling.

At this time, it is 10 a.m. Eastern Time and 7 a.m. Western Time, which is daylight saving time in the United States.

Chen Lan opened her mouth and said: "Gao Yang, if it's urgent, let's communicate online..."

Wu Ruohan was also awakened and followed Gao Yang to the study room.

Gao Yang turned on his computer, logged into a special version of 51talk, and started a video conversation with Chen Lan.

As soon as they connected, Chen Lan said eagerly: "Gao Yang, the signal you wanted finally appeared today. Standard & Poor's announced that it would lower the rating of subprime mortgage bonds, and the US stock market fell at the opening today."

Gao Yang said: "Sister-in-law, don't worry, it's just the beginning. We will contact Professor Qin tomorrow to discuss it. I will come to the United States again in the near future."

Chen Lan worriedly said: "Gao Yang, in April you asked me to liquidate my long position in AAA, with a total exit of 37 million U.S. dollars and a loss of 3 million U.S. dollars.

If a full-scale financial crisis breaks out and we fail to respond in time, if the counterparty goes bankrupt, all the funds we invest will be lost.

To be honest, I'm very nervous right now, and I suggest getting rid of it as soon as possible. Bond-backed swaps should be very popular right now."

Gao Yang smiled and said: "Sister-in-law, you don't need to be nervous at all. If this is a big storm, it is really just the beginning stage. It is still early for financial institutions to go bankrupt. The more times like this, the more patient we must be."

Chen Lan asked again: "Gao Yang, what about your asset management company's stock account? It now has a market value of US$160 million."

Gao Yang thought about it and said: "Sister-in-law, you can start to reduce your position during the recent highs. Don't reduce your positions when the market falls sharply.

The subprime mortgage crisis has just begun, and the impact on the U.S. stock market is not expected to be too obvious. It is estimated that the U.S. stock market will not fall significantly within two to three months.

The speed of reducing positions can be slower. I will discuss the specific strategy with you when I come to the United States. In the past few days, when the market starts to rebound, you can try to reduce your positions based on the situation of individual stocks."

Chen Lan said: "Okay, when will you come to the United States?"

Gao Yang said: "About half a month. Don't be in a hurry. We still have to look at Professor Qin's schedule. It happens to be summer vacation soon."

When the video conversation between the two ends, the data information on the background server is automatically cleared.

Wu Ruohan asked: "Do you want to contact Professor Qin now?"

Gao Yang said: "It's too late, let's do it tomorrow."

After 8 o'clock in the morning on July 12, Wu Ruohan contacted Professor Qin Xianglin. Professor Qin said that the School of Finance of Shanghai Jiao Tong University would start summer vacation on July 14.

Wu Ruohan made an appointment for Gao Yang to go to the Magic City on the afternoon of July 13 and meet Professor Qin in the evening.

After hanging up the phone, Wu Ruohan said: "Tomorrow, I will also go to Shanghai."

Gao Yang shook his head: "You don't have to go, just rest at home and let Lin Yunjiao accompany me."

Wu Ruohan said in surprise: "You want Yunjiao to know about our short selling of U.S. subprime mortgages?"

Gao Yang smiled and said: "It doesn't hurt to let her know, just so we can see if she is suitable to be my assistant in the future.

You inform Lin Yunjiao and ask her to book a flight for tomorrow afternoon, plus Xiaolong, the three of us will go."

Later, while driving to work, Lin Yunjiao received a call from Wu Ruohan and was overjoyed. She did not expect that her boss would ask her to accompany her while she was still in the induction training period.

Lin Yunjiao asked: "Sister Ruohan, should I report this matter to Director Li of the President's Office?"

Wu Ruohan smiled and said: "Yunjiao, the company has a system for work matters."

Lin Yunjiao said: "Sister Ruohan, thank you, I understand."

After 9 a.m., Gao Yang rushed to the office, and Lin Yunjiao came in immediately to report:

"Mr. Gao, the air ticket has been booked. The flight will be at 3 o'clock tomorrow afternoon. In addition, Director Li arranged for me to book a reservation at the Crowne Plaza Hotel near Jiaotong University, and the Magic City Jiaoyang Company will arrange your car."

Gao Yang nodded: "Okay, that's it."

Just as Lin Yunjiao exited, Gao Yang's cell phone rang. It was Yang Ming's call.

Yang Ming said: "Brother Yang, our school starts summer vacation today. Can I treat you to a meal on the weekend?"

Gao Yang said: "Sorry, Mingming, I have to go on a business trip this weekend."

Yang Ming was instantly disappointed and asked again: "Brother Yang, is next weekend okay?"

Gao Yang thought about it and said, "Do you have a passport?"

Yang Ming hurriedly said: "Brother Yang, I have a passport."

Gao Yang added: "Let's do this. You apply for a U.S. tourist visa as soon as possible. If you can apply for it soon, you can go to the United States with me for a few days."

Yang Ming was instantly surprised and said: "Brother Yang, I have a U.S. tourist visa. I applied for it a few days ago. It is valid until early January next year."

Gao Yang said: "Okay, you're lucky, so that's it. I'll let you know when the time comes."

Gao Yang did not expect that it would be such a coincidence that his newly applied for six-month business visa to the United States had just been approved at the end of June, and the security personnel accompanying him were Zhang Wei and Wang Xiaolong.

On the afternoon of July 13, Gao Yang, accompanied by Wang Xiaolong and Lin Yunjiao, boarded a plane to Shanghai.

In the first class cabin, Lin Yunjiao sat next to Gao Yang, ready to serve the boss at any time, including chatting with her. Unexpectedly, as soon as the plane took off, Gao Yang began to close his eyes and rest.

After 4 o'clock in the afternoon, Gao Yang had rested. Lin Yunjiao asked: "Mr. Gao, you sleep so well. It's hard for me to fall asleep on the plane."

Gao Yang smiled and asked: "Why, are you not sleeping well?"

Lin Yunjiao shook her head and smiled: "No, I took a plane to Yuzhou during the winter vacation after my undergraduate studies. I encountered strong convective weather and the plane shook violently. I was frightened at the time and had a bit of a psychological shadow."

Gao Yang smiled and said: "Then you should know that airplanes are one of the safest means of transportation. Business people like us will often fly."

Lin Yunjiao smiled coquettishly: "I know, every time I take a plane and encounter turbulence in the air, I will think of the experience that day."

Looking at this baby face that looked cute and naive but actually had a very high IQ, Gao Yang suddenly felt a bad taste and asked again: "Yunjiao, do you have a US visa?"

Lin Yunjiao said: "Mr. Gao, what a coincidence. I applied for a one-year U.S. tourist visa in mid-June. I originally planned to go to the United States for two weeks in August."

Gao Yang was a little surprised that he arrived at his grandma's house by chance.

Gao Yang asked again: "How is your spoken English?"

Lin Yunjiao said confidently: "Mr. Gao, I will have no problem translating for you. In addition, I can communicate normally in French and German. My Japanese is a bit worse, but I have no problem communicating in the medical field."

Gao Yang looked at this baby face, was stunned for a while, and praised: "You are quite awesome."

Lin Yunjiao smiled and said: "Mr. Gao, for those of us who study medicine, it is normal to master two or three foreign languages. I have been learning to speak English since I was 3 years old.

Later, when you go to junior high school and start learning French and German, it will be very easy.

I only started learning Japanese when I was in college. I didn’t have any special training in speaking. I just watched cartoons, movies or TV series with original soundtracks and learned from them.”

Gao Yang was really convinced. A top student is a top student, and this one is the top among top students.

Gu Yawen graduated from the College of Foreign Languages, majoring in Business English and taking a minor in German. She only mastered two foreign languages.

This young medical doctor actually knows four foreign languages.

Gao Yang smiled and said: "I'm going to the United States soon. When the time comes, you can go with me."

Lin Yunjiao said in surprise: "That's great, Mr. Gao, thank you. I originally planned to go to the United States with my friends for a few days during the National Day holiday."

Gao Yang originally planned to ask Shao Hanyun, Chen Lan, and Wu Fei to help translate when he went to the United States this time. Now that Lin Yunjiao was available to translate, he naturally took him with him.

After 5 p.m., the plane arrived at Modu Airport.

After getting off the plane, Lin Yunjiao took out her mobile phone and contacted the personnel from the Magic City Jiaoyang Company who came to pick her up.

When Lin Yunjiao entered working mode, she changed her appearance again, her tone was gentle and her speech was clear and crisp.

Gao Yang saw it and had a very good impression of this girl.

A doctor with a top academic level is willing to seriously start from ordinary employees, and has a good attitude...
Chapter completed!