Chapter 377 Capital Return
Before the reform and opening up, the people did not dare to talk about money, because money was equal to poisonous weeds! However, with the expansion of reform and opening up, the Chinese people also began to talk about money, and getting rich became everyone's dream.
The emergence of the ten thousand yuan household began in 1979 and was deeply rooted in the hearts of the people by 1984.
The households of ten thousand yuan are not only an indicator to measure economic and social development, but also represent the happiness index of life at that time. They are the most direct and obvious goal for people to pursue material life. Some places even measure the local development speed by the number of households of ten thousand yuan, and many "ten thousand yuan households" villages, "ten thousand yuan households" towns, etc. have appeared.
But the Qin family has a wealth of up to tens of billions of dollars. How many households are there in 10,000 yuan?
Therefore, ordinary people think that the Qin family is unattainable.
For Qin Di, although reform and opening up have nurtured countless opportunities to make money, he is no longer willing to make money! What else can he make? He can't spend a lot of money at all!
Moreover, he and Yan Xue infused their spiritual senses for Qin Hong and Qin Ying, allowing Qin Hong to take charge of the United States and Qin Ying take charge of Hong Kong. There are also a large amount of funds every year, and the wealth exposed is only one of the few!
Do you think he still has to make money from China in this situation?
Buying stamps and speculating on land are all pediatrics!
Time flies, and five years have passed in a blink of an eye, and Qin Di advances to the ninth level of the Golden Pill.
That spring, he and Yan Xue went to Japan, summoned his third uncle Qin Hanxu and his cousin Qin Xi, and told them to gradually clear out most of the stocks, just keep the stocks of a few Japanese core companies.
Qin Xi's son Qin Zuolin was also present at that time.
Qin Zuolin is 35 years old, with a thin face and a suit and lace. He is the main manager in charge of the Qin Consortium. He strongly opposes the withdrawal of shares, saying that the Japanese stock market is booming and is at its best time in history!
Qin Di said: "Of course I know this is the best time in history, but it will decline after the peak. After this year, it will not work! Our Qin Consortium has too much capital and cannot be left at the top. We can only do it in advance and take out a little bit!"
Qin Zuolin shouted: "You can't sell it, you can't sell it! After selling it, it's easier to depreciate with cash!"
As a result, Qin Hanxu, who was covered in white hair, slapped the table and scolded: "Stop talking nonsense! If you ask you to sell, you can sell it, what are you talking about!"
Qin Xi also said: "Alin, don't talk nonsense! Do as my uncle's instructions!"
Qin Di said: "From now on, we need to make a plan to gradually sell 80% of the shares within half a year. Uncle San, according to the original agreement, we will open the funds of the Qin Consortium. I plan to gradually withdraw the sold shares from Japan next year, and then switch to mainland China to contribute to the rise of the nation. China will flourish in the future, and it will be a thousand miles a day!"
Qin Zuolin curled his lips slightly, but did not dare to speak.
Qin Hanxu looked at his daughter and said, "We also draw 60% of the funds into China."
Qin Xi nodded: "Yes, father."
Qin Zuolin was even more unhappy.
However, the real president of the Qin Consortium was Qin Xi, so Qin Zuolin could only stare at him.
As of the spring of this year, the total capital of the Qin Consortium exceeded US$58 billion. Even if it sold 80% of its shares, Qin Di could still get US$23.2 billion. Moreover, this year, the Japanese stock market was still rising. The more it dragged to the end of the year, the higher the price, so Qin Di finally got more funds than this number.
And he hasn't started shorting yet. If the stock market reaches its peak at the end of the year and then shorts it backwards, that would be even more amazing.
Because he was worried that Qin Xi's family would continue to live in Japan, and Qin Di himself also had a hot spring villa in Hokkaido and Kyushu, he would not use local capital to short. If it was disclosed by the media, it would arouse hatred from the Japanese. But he would instruct Qin Hong and Qin Ying to use the capital from the United States and Hong Kong to short! Such a good opportunity should not be missed!
In the following six months, Qin Di went to seclusion and practice.
By the time he left the customs, it was already early 1990.
1990 was the year before the collapse of the Soviet Union and also a year of changes in the international situation. In this year, Lithuania, Latvia, Moldova and other countries successively announced their independence from the Soviet Union; Namibia announced its independence from South Africa; Slovenia decided to independence in a referendum; Iraq invaded Kuwait and declared Kuwait to become one of its provinces; East, West Germany, South, and North Yemen were moving towards unification.
Because Qin Hong and Qin Ying dispatched a large amount of funds, one entered the Japanese stock market to short the market, the other was shorted the Soviet ruble, and the third was buying oil futures, so this year was another good year for Qin Di.
At the same time, China's economy is somewhat difficult. Due to the foreign blockade, it is difficult to earn foreign exchange. Foreign exchange reserves are only US$11.093 billion, while the RMB exchange rate began to fall rapidly, reaching the point of one dollar being exchanged for RMB 5.3, until it reached the lowest point of 8.8 in 1994. And this is not an official figure, and the black market price is even lower than this.
Under such circumstances, several bank presidents came to Qin's mansion to visit Qin Di.
After some negotiation, the two parties reached an agreement: the Qin family transferred US$30 billion, first injected into Bank of China, then released RMB from Bank of China, and injected several commercial banks respectively. In this way, Qin Di obtained 25% of the shares of China Merchants Bank, CITIC Bank, Shenzhen Development Bank, Guangfa Bank, and Industrial Bank, and all the excess funds were injected into Industrial and Commercial Bank of China. After the shareholding reform is carried out in the future, Qin Di will be given the corresponding shares.
25% of the shares sounds a lot, but it is actually just a drizzle, because when China Merchants Bank was established in 1987, its registered capital was only 100 million yuan! CITIC Bank was also established in 1987 with a registered capital of 800 million yuan...
Of course, these banks have grown very quickly, and have grown a lot by 1990, and will continue to grow rapidly in the future!
This matter was not disclosed at the time and was not published in the newspaper until many years later. The reason is that at this time, European and American countries were sanctioning China. If it was widely publicized, it would attract strong attention from the US government and would be very unfavorable to the ongoing financial operations of Qin Hong and Qin Ying.
Although it was not published in the newspaper, this big operation still shocked some insiders!
Especially some leaders in charge of financial work and people related to the banking industry were almost shocked when they saw the relevant information!
"Didn't it mean that the Qin family's wealth is only more than one billion US dollars? How could he take out 30 billion in one go?"
"A family's wealth is three times that of the country's foreign call reserves! What else can we say?"
"God, it's so unfair!"
"The Qin family just took over 25% of the shares of the five banks. Has the country suffered a big loss?"
"No, after careful calculation, the Qin family actually gave up 50% of the benefits!"
"Who signed the relevant agreement?"
"There are more than a dozen people who signed the signature! Among them are the Finance and Economics Commission, the Economic and Trade Commission, the Central Bank, and the State Bank... so many people review it, the country will not suffer any losses..."
"Strange, how could a big capitalist suffer a loss? This is unreasonable!"
"Yes, this is very strange!"
Actually, Qin Di really doesn't want to make money in China, but the bank presidents felt sorry for it and did not dare to squeeze too much, so he was allowed to take 25% of the shares of several banks.
In the future, as soon as these shares are listed, the prices will immediately rise! Qin Di not only does not suffer any losses, but instead makes a big profit!
For example, Shenzhen Development Bank, which later became Ping An Bank, has increased by how many times in ten years since it went public?
Of course, there is a problem here. As a major shareholder, Qin Di has to take great risks. Shenzhen Development has not been smooth sailing. It has caused great trouble in 1998 and almost went bankrupt!
Chapter completed!