togophonebook Chapter 246 First Battle and Natural Disaster
Chapter 246 First Battle and Natural Disaster
July 10, Los Angeles.
Fu Yibai sat in the study of the villa, with a red and green candlestick chart on the computer screen.
The US stock market hadn't opened yet, but he had already started paying attention to the developments in the European market.
The BBC's financial channel was playing in a corner, with the presenter interviewing an economist about the risks of the US subprime mortgage market.
"The market's current concerns about Bear Stearns are somewhat excessive."
The economist said.
"Bear Stearns' capital adequacy ratio remains above regulatory requirements, and the liquidity problem is only temporary."
Fu Yibai turned off the video and picked up his phone.
"Chen Zheng, how's the position building going?"
"It's already completed. Bear Stearns cost $8.9 million."
"good.
From now on, keep a close eye on the market.
The first change will occur on March 13th.
There was a moment of silence on the other end of the phone.
"Mr. Fu, have you received another message?"
You'll find out when the time comes.
Thursday, August 13th.
Fu Yibai woke up at six o'clock in the morning.
He lay in bed, staring at the ceiling, his mind racing with thoughts of what would happen that day.
Anne was asleep beside him, breathing evenly, with one arm draped over his chest.
He gently moved her arm away, got out of bed, and went to the bathroom to wash up.
At nine o'clock, Fu Yibai arrived at Xinghui and sat in the office waiting for the market to open.
US stocks opened at 9:30 a.m.
In the first hour after the market opened, sell orders flooded in like a tidal wave.
"Mr. Fu!"
Chen Zheng rushed in from outside the door, his voice filled with barely suppressed excitement.
"Did you see that? Bear Stearns has already dropped fifty percent!"
"I saw it."
Should we close our positions now?
"No rush."
Fu Yibai leaned back in his chair, his tone calm.
"This is just the beginning; it's not the lowest point yet."
"But……"
"Believe me."
There was a two-second silence on the other end of the phone.
"it is good."
Monday, October 3.
Bear Stearns opened today at an incredibly low price of $2.84 after two consecutive days of sharp declines last week.
Panic gripped Wall Street, with the trading floor filled with the incessant ringing of telephones and shouts from traders.
Fu Yibai also began directing his team to liquidate their positions in batches.
On March 19, Xinghui's holdings were liquidated at an average price of $4.35.
All the company's employees were ecstatic.
A deafening cheer erupted in the office area; some people threw documents into the air, while others hugged each other excitedly.
Chen Zheng's face was filled with unbelievable ecstasy.
"Mr. Fu, we...we really did it!"
Fu Yibai could not hide his excitement.
After all, in less than half a month, they made a net profit of 7.43 million US dollars, which is practically printing money.
Fu Yibai patted Chen Zheng on the shoulder.
"Don't relax, there's still a tough battle ahead."
Next, you need to lead your team to use this $16 billion to further invest in Fang Meili.
"yes!"
In order to get as much meat as possible from this lavish feast, Fu Yibai even borrowed nearly $10 billion from two companies, Franchise Pictures and Morning Light.
In April, spring is gradually arriving in Beijing.
Fu Yibai flew back to China from Los Angeles to deal with some backlogged work.
Post-production on "You Are the Apple of My Eye" was completed, and a sample was sent to his office. He reviewed it and offered several suggestions for revision.
"The Witch" has passed censorship and is scheduled for release on June 16.
Preparations for "Pacific Rim" are underway, and several versions of the concept design have been produced. Fu Yibai selected a version that he was relatively satisfied with and asked the team to continue to refine it.
Chenxi has finally signed a contract for its new office building, purchasing a 28-story office building in the Chaoyang District CBD for 7.2 million yuan.
Zhao Qi has already started arranging the renovations and expects to move in in June.
Ning Hao's novel "No Man's Land" was submitted for review multiple times without success due to issues with its subject matter and content, and was eventually approached by Fu Yibai.
Fu Yibai brought Ning Hao and the script to China Film Group. Although Han Shanping was in a dilemma after reading the script, he promised to help get it approved due to their close cooperation over the years and the upcoming "Pacific Rim" next year.
After this incident, Ning Hao became even more devoted to Yi Bai.
In late April, Fu Yibai flew back to Los Angeles.
He needs to keep an eye on the financial markets while also dealing with matters related to franchise studios.
In early May, with the help of Han Shanping, "No Man's Land" successfully passed the censorship, and Ning Hao immediately assembled a team.
October 12th, afternoon.
Fu Yibai was discussing the pre-production plans for "Interstellar" with Margaret in the conference room of the franchise film company when his phone suddenly vibrated.
He glanced at the caller ID—Zhao Qi.
"Hold on."
He answered the phone.
"President Fu!" Zhao Qi's voice was somewhat urgent, "Something has happened in China."
"What is it?"
"Wenchuan. Earthquake. Magnitude 7.8."
Fu Yibai tightened his grip on his phone.
He remembered the earthquake.
On May 12, 2008, the Wenchuan earthquake struck, measuring 8.0 on the Richter scale.
Nearly 70,000 people died, more than 300,000 were injured, and tens of millions were affected by the disaster.
This was the most destructive and widespread earthquake since the founding of the People's Republic of China.
"Mr. Fu? Are you listening?"
Zhao Qi's voice pulled him back to reality.
"I'm listening."
Zhao Qi took 100 million yuan from the company account to buy supplies. Water, food, tents, quilts, medicine—buying whatever was in short supply.
Do not go through the Red Cross; contact local governments directly in the areas surrounding the disaster zone to ensure that supplies reach the affected people.
"clear."
"In addition, all artists under our management are notified to donate voluntarily according to their status, but the amount should not be disclosed to the public."
The company should not issue any press releases or allow the media to sensationalize the issue.
"clear."
This wasn't the first time Chenxi had donated money, and Zhao Qi understood what his boss meant.
After hanging up the phone, Fu Yibai stood by the window for a long time.