America's Road to Fame

Chapter 127 Huaxia Future Capital
With the plunge of New Century Financial Corporation on "Black Friday", the market's attention began to pay attention to companies related to subprime mortgage loans, and the stock prices of other related companies were also affected and continued to fall.

About a week later, on October 10, New Century Financial Corporation stated that they would report their 22 operating performance to the US Securities Regulatory Commission (SEC) at a later date. Lowered the share price level of New Century Financial Corporation.

Affected by the news, the company's share price fell another 12% that day.

On the next day, on Friday, New Century Financial said again that lawyers and the New York Stock Exchange were investigating his accounting. On this day, their company's stock price fell by 10%.

On the same day, officials of the Federal Reserve Board of the United States indicated that they would establish new regulatory standards for the issuance conditions of subprime mortgage loans.

These are far from over. Just after the weekend, on Tuesday, October 10th, New Century Financial Corporation said helplessly that all institutions that provided loans to the company have terminated short-term financing, or have notified them This action will be taken.

New Century Financial uses loans from these institutions to provide residential mortgage loans, and if mortgage lenders fail to repay the loans, the company will sell the mortgaged houses in the secondary market to repay the financing funds.

In specific disclosures, New Century Financial has received notices from Bank of America, Citigroup, Credit Suisse, Goldman Sachs and Morgan Stanley, some of which are urging the company to speed up the repurchase of outstanding mortgage loans.

If all institutions required New Century Financial to repurchase loans, the company would have to buy back as much as $84 billion in loans, which would become an unbearable burden and would result in the company having to liquidate loans and other assets.

As soon as this bad news came out, the stock price of New Century Financial Corporation plummeted 68.87% that day, and its market value shrank by US$25.32 billion in one day.From October 10th, in just 16 days and 11 trading days, the stock of New Century Financial Corporation fell by 9%.

Three days later, on October 10, the Securities and Exchange Commission (SEC) and U.S. Attorneys for the Central District of California were both investigating New Century Financial's accounting practices and stock trading before its earnings announcement on September 30.

After the weekend, on Monday, November 11, New Century Financial revealed that the bank had cut off its borrowing because of a lack of funds.

当天其股票推迟开盘，结果收盘价比前一交易日下跌近50％。当天新世纪金融公司的股价收于1.79美元，与今年9月中旬55.97美元的一年来最高点相比下跌了96.8%。

On this day, John Paulson closed all the short positions of the shares of New Century Financial Corporation in the hands of Fund No. 2 and Fund No. 3, and bought the stocks that were shorted above $50 at the time at the price of cabbage. The average entry price is less than $2...

And the funds recovered from the stock of New Century Financial Company continued to be invested in the short selling of other related companies.

The next day, November 11, New Century Financial Corporation's stock trading was suspended on the New York Stock Exchange 3, and an announcement was made that it was about to be delisted.

A month later, New Century Financial filed for Chapter [-] bankruptcy in a California court, the largest mortgage-lender bankruptcy in the U.S. real estate downturn.

Affected by this, the international gold price fell by 10% that day.

……

During these times, William Chen was no longer in the United States, but went to China.

He left on the 25th, because Huayi Company will be listed on the GEM of the Shenzhen Stock Exchange on October 10th. The Wang brothers invited William Chen to witness this moment together.

And the reason why he came so early was because William Chen happened to be doing some other things by the way.

After the plane landed, Chen Weilian walked out of the airport with his bodyguards, Li Ying found him and greeted him.

Today, Li Ying borrowed a Mercedes-Benz business car from Huayi Company to pick him up. On the way, she reported the recent work situation to William Chen.

Chen Weilian's courtyard house has been renovated for half a month, but it will take half a year to fully install it to meet the occupancy requirements. It is not as simple as an ordinary villa decoration, except for the general structure. In addition, there are many places that need to be remodeled, and even according to the design drawings, a constant temperature swimming pool will be dug out of it.

So this time, William Chen needs to live in the hotel. Before he arrives at the Wangfujing Peninsula Hotel, he assigned two tasks to Li Ying:
The first one is that he is quite satisfied with Li Ying's work during this period, and he will have a lot of investment in China in the future, so Meta Investment Company will set up an office in China, and he will create this office The task of the department was handed over to Li Ying.

At the same time, William Chen will set up a venture capital fund for start-ups in Huaguo, named Huaxia Future Capital.After investing in Marvel, there is still 3600 million US dollars left in the account of Meta Investment Company, and William Chen left 600 million US dollars as the company's daily operating funds. Initially, 3000 million US dollars will be invested in Huaxia Future Capital.

This venture capital fund will be temporarily in charge of Li Yinglai, and the final candidate for the fund manager will be determined based on her performance.

The second task is to find a house for William Chen in Yanjing. After all, the courtyard house will take at least half a year to move in. William Chen estimates that he will spend a lot of time in China in the future, so he can’t stay in a hotel every time he comes. It is also inconvenient, so you need to have a place to live.

And he thinks that the cunning rabbit has three caves, and prepare a few more houses to be prepared.It's like if you come to the hotel with Ivanta or Paris, but those female stars want to discuss acting skills with him, read scripts and so on, then it's not safe to go to the hotel, right?

As for the vehicles for travel, William Chen himself, as the owner of a foreign-funded company, has a quota for imported cars, but he doesn't need to save so much money, it's troublesome, so he directly decided to buy a Mercedes-Benz S600 first, and a An Audi Q7 is used as a means of transportation for him and his bodyguards to travel. For the time being, there is no need to buy a very good car. These million-level cars are enough, and when William Chen leaves Yanjing, he can still leave it for Li Ying to travel. .

In any case, he is his own representative, and he should not be too shabby in style.

That is to say, the Maybach 62S has not been launched yet, or I can get a car of the same model as Boss Ma.

Li Ying was not called back to New York after Meta Investment Company’s investment in Huayi Company. Instead, she helped the boss with his courtyard. You can't just throw her in Yanjing and become the overseer of the decoration.

As a result, after hearing William Chen's decision today, she finally breathed a sigh of relief. She feels good about working in Huaguo. After all, she is more comfortable with the environment here, and she also had experience working in Huaguo before going to the United States. , now it is very challenging to be alone in Huaguo.

It seems that I wrongly blamed the boss before, hey, the boss is really handsome and discerning.

Ever since, she happily went to finish William Chen's work. Before she left, she did not forget to tell William Chen that the Wang brothers hosted a banquet at night and invited William Chen to go.

The Wang brothers are very good at business. Knowing that Chen Weilian is a Hua Guotong, they specially chose a private restaurant to entertain him. According to them, this restaurant opened in a courtyard is very famous in Yanjing. The palace of the former dynasty was transformed.

William Chen took Li Ying to the banquet at night, and he explained to the Wang brothers what he said to Li Ying today, that is, Li Ying will be his representative in Huaguo in the future, and will be in charge of the Huaguo investment company of Meta Investment Company. Office, as well as the Huaxia Future Capital Fund, which invests in the Huaguo market, and the shares held by the other party that Meta Investment Company invested in Huayi Company before, will also be transferred to this fund, and Li Ying will be in charge. Therefore, I hope that when she conducts business in Huaguo in the future, the Wang brothers can help her a little bit.

To this, the Wang brothers naturally agreed.Compared with Chen William when he came to China last time, this time the Wang brothers are more enthusiastic about him, not only because he is now the major shareholder of Huayi, but also because the cooperation between the two parties has also started.

Chen William's earliest "Magic Mike" is not suitable for adding actors from Huaguo, but the "Hangover" he just invested in will have a character of Mr. Zhou. In the version that William Chen saw in his previous life, this Zhou Mr. is played by an actor of South Korean origin. This role can be taken out and handed over to actors from Huayi Company.

Of course, the other party's English must be passable, so don't make a mess of logging.

For this matter, the Wang brothers are still very satisfied. Although this Mr. Zhou does not have many roles, his performance in it is quite brilliant. If the performance is done, it will definitely impress people, and it will allow the actor to have a certain reputation in North America. Reputation.

Moreover, the investment in the two films of "The Hangover" has reached 1 million US dollars, which can be said to be a mid-level production. This kind of opportunity is still very rare for Chinese actors.

(End of this chapter)