The habit of Chinese people is to save money. This has not changed even after they immigrated to the United States.
In many banks, such as Bank of America, Citibank, JPMorgan Chase, etc., at least 80% of personal deposits are deposited by Chinese people, even though the interest rates of European and American banks are ridiculously low.
During the Anti-Japanese War, the Chinese in the United States destroyed their families to provide relief, took out all their property and sent it back to the country to support the Anti-Japanese War. Americans once exclaimed, "The Chinese are about to drain all the money in the bank!"
Although Tang Mingxiang developed in the United States, she still inherited the fine traditions of the Chinese people. After receiving the US$38 billion, excluding taxes, bonuses, and subsequent acquisitions of Facebook and Zappos, as well as office expenses, Tang Mingxiang
Mingxiang still has at least 23 billion US dollars in hand.
Because of her cooperative relationship with Xiao Qi, Tang Mingxiang also deposited the US$23 billion in the New York branch of Citibank, adding another contribution to Wade's business.
It is precisely because this amount of money is deposited in Citibank that many people know that there is such a huge amount of money, and many people are trying to get rid of it in various ways.
Tang Mingxiang is very smart and trusts her husband very much. Anyone with the banner of "financial derivatives", although it is not like letting the dog out, will definitely not see it.
As for the various projects seeking investment, there are many experts under his command who are examining them, but so far there are not many good projects that can catch Tang Mingxiang's eye.
Therefore, Russia's three major oil giants took a fancy to the huge amount of cash in Tang Mingxiang's hands and wanted to borrow it for use.
Russians are very generous when they need money.
Oil itself is black gold buried underground. As long as you dig it out, you can make money. Therefore, the interest charged on funds lent to the oil industry is generally not low.
European and American oil companies borrow money on their own, and Wall Street also offers interest rates of 6% to 12%, given the various government backgrounds.
As for Russia, given the historically bad relations and Westerners’ wariness of Russia, the price usually reaches 12% to 18%. If it is a short-term huge loan for one and a half years, it may exceed 20%.
When they approached Tang Mingxiang through Wade from Citibank, they offered the highest interest rate, usually 18%, and the collateral were three large oil fields owned by three oil giants in Russia's Siberia, the Caucasus, and the Far East.
With so much collateral and such high interest, they naturally demand a lot. What they need is Tang Mingxiang's loan of 20 billion US dollars.
Tang Mingxiang was never interested in lending money to others, especially Slavs who were always known for not keeping their promises.
The bright and charming girl who grew up under the red flag has never forgotten the sins of the Slavs.
When we were helping our little brothers fight against the so-called coalition forces, the Slavs told us that we should all go together! But when we rushed to the battlefield, they stood back and watched the show.
Bring out weapons.
After four years of hard work and a difficult draw, a few more years passed. Because the Slavs had a bad relationship with us, they directly asked for the money for the weapons - give it back to your sister! Hundreds of thousands of our soldiers were bloody
Fighting hard, but what you get in exchange for this kind of consequences!? It really makes all Chinese people firmly remember this greedy, shameless and untrustworthy polar bear.
Therefore, Tang Mingxiang refused without thinking and there was no need to talk.
Wade had no choice but to find Xiao Qi and wanted Xiao Qi to persuade Tang Mingxiang to agree.
Because in Wade's opinion, this business is definitely a bargain. Even if the Russians cannot pay back the money in the end, the value of the three oil fields used as collateral is well over 20 billion US dollars, which is definitely a bargain.
As for the breach of contract that Tang Mingxiang was worried about, that was not a problem at all.
Now the Russians are much more honest. If they dare to break the contract for this kind of business that is registered on Wall Street and led by Citibank and takes place in the United States, no one will dare to do business with the Russians from now on!
Europe and the United States will definitely block all Russian overseas accounts, and Russian companies will definitely kneel down and beg for mercy!!
But Xiao Qi still refused, but he made another suggestion to Wade, that is, Xiao Qi himself provided 20 billion US dollars and lent it to the Russians for one year.
Interest rates are easy to talk about, but Xiao Qi doesn't want their oil fields. He wants to sign an agreement with these three Russian oil companies, which means that he has the right to purchase at the transaction price on that day until December 31, 2008.
The three companies are not allowed to shirk or reject the oil and crude oil worth US$50 billion.
No one who can survive on Wall Street is a fool.
When Wade heard Xiao Qi's request, he immediately knew what was going on. Xiao Qi was not optimistic about the rise in oil prices this year.
But even if it doesn't rise no matter how hard it is, based on the current trend, I'm afraid it won't be much lower by the end of the year.
Could it be that the cheap oil the Chinese bought in the previous year was not enough and they still want to stock up?
Wade didn't understand what Xiao Qi was thinking, and he didn't bother to ask. People like them who work in banks are very strict when doing business, and they would never ask questions that shouldn't be asked.
In addition to this requirement, Xiao Qi also has two conditions.
The first is that the loan is in U.S. dollars, but the repayment must be in RMB. The RMB will continue to appreciate in the past two years. Although the loan period is only one year, what's wrong with reducing losses?
The second requirement is that the Russian company has a guarantor, and the guarantors are Goldman Sachs and Citibank. It doesn’t matter what method the Russians use, anyway, in the final agreement, these two financial giants must sign the guarantee agreement.
The Russians didn't think much about it. When they saw Xiao Qi's conditions, the top executives of their three companies immediately agreed to all Xiao Qi's requests after two days of discussion.
Not oil fields, just oil?
That’s great!
Oil is sold at market prices. If the oil field produces more, you may earn more!
Want to bet that oil will fall this year?
It’s already $100 now. Even if it falls, to what price can it fall?
Even if it falls to the lowest level, it can't be lower than the cost price, right?
Anyway, oil is a capital-free transaction, and at most it will not make any money at all. The purchase payment of US$50 billion will definitely be a great supplement to the company's cash flow!
As for borrowing US dollars to repay RMB, that is no problem. Anyway, there are transactions between China and Russia, as well as oil sales. At most, the payment is required to be in RMB. This reduces the exchange loss of US dollars and the company still makes a profit!
Fool!
After signing the agreement, Xiao Qi and the Russians called each other this way in their hearts.
Naturally, the Russians can only see what is right in front of them. With their wisdom, they cannot imagine that oil prices will soar in the first half of this year, and may even reach a record high of US$147 a barrel.
However, as the U.S. government launched a fierce crackdown, the price of oil fell. In just five months, the price of oil fell to a fraction of the price. The lowest price during the year actually reached about 34 US dollars, which was lower than anyone else.
glasses.
However, at this price, not many people dare to buy, because everyone is frightened by this price drop, and is afraid that after buying, there will be another avalanche, directly falling to the level of oil prices in the 20th century. This is exactly the same as our home purchase.
The same as those who buy up, not buy down. So you said how disgusting those experts are, insisting on treating this concept as a bad habit of the Chinese people, when it is obviously an idea that everyone has, okay? You must disguise yourself as a noble person
Experts, don’t know how disgusting they are!
Entering the era of industrialization, oil is the blood of the entire industry, and countless industries require the use of oil and its derivatives.
As a country as big as China and an oil-poor country on land, it will always be short of oil. No matter how much oil it has, it can eat it.
In the previous year, China's four major oil giants, including China Aviation Oil, bought a total of 4 billion barrels of crude oil, a total of 572 million tons, and spent a total of 240 billion US dollars!
But this crude oil seems to be a lot. In fact, China's consumption reached 380 million tons in 2008, 400 million tons in 2009, and exceeded 500 million tons in 2012, with the import proportion exceeding 53%!
Therefore, this amount of oil is sufficient for 2007, 2008 and 2009, and domestic oil production cannot be stopped.
It is precisely because of such huge usage pressure that China's oil companies are also thinking about how to buy low and sell high to save some money. However, their so-called experts are all fools. Their historical methods of operation are exactly opposite to the performance of the market, time and time again.
Being cheated is simply speechless.
Xiao Qi does various things in the petroleum field, firstly because he is not used to seeing others cheating Chinese people all the time, and secondly, he wants Niu Ruzheng to make more contributions. The more stable his backing, the more stable his business will naturally be.
From another perspective, he could do this, but Tang Mingxiang couldn't.
Because Tang Mingxiang’s entire capital has a strong American flavor, and Meiji’s wife’s future development focus will be in the United States, this kind of thing of cheating Russia and taking advantage of China is not suitable for her to do, otherwise the United States will do it one by one
It’s time for agencies and departments to line up to trouble her.
Xiao Qi is different. His roots are in China, and his main suppliers have little to do with the United States and Europe. His products are absolute industry hegemons, and the app store is so involved that even if Americans want to start,
When cutting sheep, they also have to worry about the impact. Apart from using commercial methods, they really don't dare to mess around.
After all, in ordinary times of peace, Americans are still relatively shameless. (To be continued...)