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Early October
? New York Nasdaq Market
Royal Family Fund announced that it will increase its shareholding in Cisco to 13.72%, ranking the largest shareholder, and will continue to increase its shareholding in the company.
Inspired by this news
The Nasdaq market is booming across the board. Cisco's shares soared 11.7%, and its total market value soared from 173 billion US dollars to 190.97 billion US dollars.
Mid-October
Royal Family Fund once again announced that it will increase its shareholding in Cisco to 18.65%, initially achieving the goal of the first stage.
Inspired by this news, Cisco's total market capitalization broke through the US$200 billion mark for a short time, and then was hit back by heavy selling orders, and fell sharply to the level of US$193.3 billion.
The ups and downs of Cisco's stock price have become a scene in the Nasdaq market.
However, due to the weakness of the overall market, Cisco was unable to change the general trend. The stock price was generally in a state of wide box consolidation, and stock trading was active, always holding the last breath of the Nasdaq market.
In late October, Royal Family Fund announced again that it increased its shareholding in Cisco to 25.38%, and its total market value exceeded the US$200 billion mark, firmly standing above the US$200 billion mark.
In November 2000, the results of the All-Mi Grand Command election were announced.
As the candidate for the general leadership of the Elephant Party, George defeated Al Gore, the competitor of the Donkey Party, and was elected the 54th general commander. He will officially enter the White House on January 20, 2001.
George immediately sent an invitation to Wang Yaocheng to go to the White House to watch the ceremony, in order to reward him for his uncomplaining and unrepentant support in the election of the general.
? Beverly Hills, Mediterranean estate
"Hahaha We finally saw the best results, and now we can show our talents."
The excited Wang Yaocheng waved his arms vigorously, and said to President Huo Jiaguang with a happy face; "The days of the leader of the donkey party in the White House are numbered. Now is the time for us to show our talents. The big move that Brother Jiaguang held back can be released. Now, people thought we wanted to go back to Cisco, and it was going to surprise them that we did it differently."
"Hehe, Mo Yuxuan has been waiting for this day for a long time. In order to make up for the gap in HSBC's North American business, he has been doing in-depth research for more than three years. Now, those Americans who are facing bankruptcy are more anxious than us."
"Then what are you waiting for? Let's act."
"As you wish."
Since March 14, 2000, it has been more than half a year.
After the Internet financial bubble burst, up to 5 trillion U.S. dollars of wealth evaporated, causing heavy damage to the entire financial community, with more than 10,000 crit hits.
? In this sharp drop, it is calculated based on the closing point on November 1;
The Dow 30, Nasdaq, and S&P 500 fell from 11,722, 5,048, and 1,527 at their peak in 2000 to 7,702, 1,114, and 776 at their lowest point at the end of the year, a drop of 34% respectively. %, 78%, 49%.
According to the "Far Eastern Economic Review" report, in 2000 alone, the value of the US stock market fell by about US$5 trillion, which was equivalent to 48% of the US GDP and twice the loss of the global stock market crash in 1987.
There are statistics to show;
More than 3,000 small and medium-sized banks across the country have closed down one after another, and tens of thousands of funds have been liquidated, including many well-known large fund companies, with capital from multinational banks behind them.
The so-called financial crisis means that there is no money in the market.
?From banks to enterprises have suffered from capital hunger and thirst, and the total market value has been depreciated again and again and almost returned to its original shape.
In early 2000
There are two companies with a total market value of more than 500 billion US dollars, namely Cisco with 555 billion US dollars and General Electric with 505 billion US dollars.
In addition, there are Intel Corporation with a value of 446 billion U.S. dollars, IBM with a value of 406.5 billion U.S. dollars, and Microsoft with a value of 365 billion U.S. dollars.
Now everything has been returned to its original shape, basically in the range of more than 100 billion US dollars, and the total market value is only 13 to 14 of the original.
This has caused heavy investment losses on Wall Street, and it is inevitable that many large and medium-sized banks will be affected. The inside is hollowed out, leaving only a bright surface.
At the end of the year, huge bad debt losses need to be accrued.
Once the bank's annual report is released, all the cover will be exposed in full view. If no powerful institution can be found to take over, a large number of powerful banks will fall, which is why the Americans are more anxious.
This time when the Internet high-tech bubble burst, Wall Street investors fell from the sky and landed on their faces, either dead or disabled.
?Wang¡¯s consortium took this opportunity to contact each of the interested banks separately, and their feelings can be written in a thick book.? Encyclopedia Britannica.
In the past half a year, I have truly experienced the other party's arrogance and arrogance to a lion's mouth, from cowardice to guilt, from spirit to will being crushed by the last straw, and pleading regardless of face.
The change is too big.
November 7th
HSBC announced the full acquisition of First National Bank of Boston at a price of US$7.16 billion, taking over the other party's more than 600 business outlets in the Boston metropolitan area and the western United States, and at the same time taking over the other party's huge non-performing assets of US$30.7 billion.
November 14
HSBC announced that at a price of 37.5 billion US dollars, it will fully acquire Wachovia Bank, the seventh largest bank in the United States, and obtain 2,200 business outlets of the other party across the United States.
November 21
HSBC announced that at a total price of 21.1 billion U.S. dollars, it will fully acquire regional banks such as City Bank of California, Texas Credit Bank, New York Mutual Bank, Western Savings Bank of the United States, etc., improving the entire banking industry layout.
November 22
Royal Family Fund announced that it will increase its stake in Cisco to 44.11%
A series of dazzling large-scale mergers and acquisitions of HSBC Bank cost a total of 76 billion U.S. dollars, helping HSBC to jump up, with a total market value of 110.7 billion pounds (174 billion U.S. dollars), becoming second only to UBS, Citibank, and Bank of America. The fourth largest multinational bank in the world.
It's not that I don't know, it's a surprise.
Before the advent of 2001, the Wang consortium used up to 180 billion U.S. dollars for mergers and acquisitions and development, and acquired dozens of large and medium-sized enterprises, including 53.2% of Corning's shares and 44.11% of Cisco's shares. The core of the consortium is HSBC Bank in North America. The comprehensive expansion has achieved a perfect take-off.
At the same time, the cash flow of the consortium has dropped sharply to 17 billion, which can only maintain normal operations.
? Mediterranean Manor
"What's wrong, my heart hurts."
"That's not true."
"You are one of those who can enter but cannot exit. If you have too much money, you worry about it, but when you spend it, you also worry about it. Ha ha"
"I know the reasons for these investments, but I just can't make a turn in my heart."
Wang Yaocheng looked at Shi Xueyi with a smile on his face, and seeing his gloomy face, he continued to tease, "You still have to prepare some money for me, and there are big things to do after the Chinese New Year. If you don't have money, you can't do it?"
"What?" Shi Xueyi was really taken aback at this moment; "Brother Cheng, let's play it safe! The US-funded banks acquired by HSBC have huge bad debts of hundreds of billions of dollars, and I am worried to death. What should I do?"
"There are no bad debts, why should someone buy it for you if they are doing well? You have to learn to analyze it." Wang Yaocheng tapped the table with his slender fingers, thought for a while and said;
"Among these bad debts, pure investment losses accounted for about 13, about 30 billion U.S. dollars. The rest are fixed assets that have lost mortgages, such as residences, shops, buildings, factory facilities and land. It may be impossible to realize investment.
? In the fierce competition of commercial banks, US-funded banks have always been strong in management.
There is no problem in bank management, but the credit and risk control departments have problems, and the losses in this financial bubble have been too great.
The fundamentals of these banks are all good. As long as liquidity is injected, HSBC will have no problem revitalizing these assets.
Especially valuable is;
HSBC was able to expand its business throughout North America and become a truly large multinational bank, filling the business gap in North America. After several years of mergers and integrations, it will surely develop into a world-class bank.
In the next step, it is necessary to improve the banking network in Europe, as well as the bank commercial outlets in South America and Africa, to become a top bank that truly covers the world, and to bring all-round support to consortium companies.
Therefore, our road is far from over. "
Shi Xueyi secretly sighed; "Then what's the next step?"
"Europe."
Wang Yaocheng cast his eyes out of the window, his eyes seemed to cross the vast territory, and cast his eyes on the continent full of endless future. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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