De-IOE is linked to slogans such as localization of equipment procurement and independent research and development, which has a certain political overtone. The central government is also considering whether Microsoft's win system should be included in the procurement list. National think tank experts have also suggested that my country increase government information engineering Go to work at IOE.

Going away from IOE means that the government must firmly control data security in the hands of domestic enterprises to prevent a series of serious consequences caused by data loss.

It was also under this background that the chief dared to give the Qingfeng Group a guarantee.

It was because of the chief's guarantee.

Next, Qingfengyun carried out in-depth cooperation with China Mobile operators, as well as China Railway, China Meteorological Administration, China Food and Drug Administration and other important units, and everything fell into place.

In 2007, when Ye Feng proposed to go to IOE, many people thought it was nonsense.

But after the subsequent development, these people were quickly slapped in the face. In less than ten years, Qingfengyun had completely completed the work of going to IOE, that is, Qingfengyun's hardware investment completely abandoned the three traditional enterprises of IBM, ORACLE and EMC. In

Taobao has shined brightly in the previous "Double Eleven" challenges and its technology has become increasingly mature.

It was exactly this in 2007.

The world economy is advancing rapidly.

After more than 20 years of reform and opening up, China has made great achievements and has fully displayed the demographic dividend and reform dividend of decades in front of the people of the world.

National GDP has grown at a rate of over 8% for more than 20 consecutive years.

People around the world suddenly discovered that China's economic aggregate had unknowingly reached the third place in the world, and it was just around the corner that it would surpass Japan, which ranked second.

China's long-term high economic growth rate has led to a crazy influx of foreign capital.

The stock market, known as the economic barometer, shows the most obvious performance.

China's stock market is rising steadily.

After a short adjustment, the Shanghai Composite Index, representing the Chinese stock market, broke through 3,000 points and went straight to 4,000 points.

“4000 points is the beginning of the bull market!!”

“The era of big finance and big real estate is coming!!”

All kinds of bulls, ghosts, and monsters, and all kinds of market makers keep telling people to buy stocks.

Various funds, private equity, and trusts are constantly over-issuing.

Even the guys who shine shoes on the roadside, the girls who give massages at shampoo shops, and the ladies who sweep the floors on the road all talk about this when they meet:

"How much has your fund increased?" "Have you bought stocks?"

Not only the Chinese stock market is booming.

The world's economic center, Wall Street in the United States, is also very happy.

The money this year is also very good.

Just buy the stock and wait to make money.

Chickens and dogs ascend to heaven!!

Good stocks and bad stocks are both rising.

…

"Director Ye!"

The spring 2007 stock market rally has just ended.

Xu Youyu, who has a doctorate in mathematics and finance and has been stationed in the United States by Ye Feng, sent an urgent message to Ye Feng:

"The situation is urgent, I won't say more..."

In addition to Xu Youyu's acquisition of Apple shares in the United States, Wall Street has also been paying attention.

He anxiously said to Ye Feng: "Almost everyone is intoxicated by the great market scene. I found that almost all financial institutions are making subprime mortgage products."

"Subprime mortgage product?" Ye Feng thought silently.

Xu Youyu was afraid that Ye Feng wouldn't understand, so he explained:

"Loans are a very common phenomenon in the United States. Locals rarely buy a house in full, and they usually take out long-term loans. However, unemployment and re-employment are very common here. These people have unstable income or even no income at all.

, because the credit rating does not meet the standard when buying a house, it is defined as a subprime credit loan, referred to as a subprime loan."

"In the past five years, due to the continued prosperity of the U.S. housing market and the low interest rates in the United States in the past few years, the U.S. subprime mortgage market has developed rapidly."

"With the cooling of the U.S. housing market, especially the increase in short-term interest rates, subprime mortgage interest rates have also risen sharply, greatly increasing the loan repayment burden of home buyers. At the same time, the continued cooling of the housing market has also caused home buyers to sell their homes or obtain mortgages.

Refinancing your home becomes difficult."

"This situation directly led to a large number of subprime borrowers being unable to repay their loans on time. Even if banks took back their houses, they were unable to sell them, resulting in large-scale losses, triggering the subprime mortgage crisis."

"I was studying subprime mortgage products and found through modeling that the U.S. housing market does not need to fall at all. As long as the annual growth rate drops below 5%, the default rate of subprime mortgages will rise significantly. In fact, this is exactly the case.

The U.S. housing market reached its peak in 2006, but in early 2006, before it reached its peak, the default rate had already risen a lot."

After Ye Feng listened, he asked directly without thinking much: "You mean, the financial crisis is coming soon?"

"Well, I mean the subprime mortgage crisis is coming."

Xu Youyu couldn’t say for certain that it was a financial crisis.

Ye Feng smiled and said: "I want to trust your judgment. If the subprime mortgage crisis is coming soon, it will definitely trigger a financial crisis in the global market."

"Ah~"

Xu Xiaoyu was shocked.

Buffett said, "I am fearful when others are greedy."

But there are very few who can do this.

Today's market is characterized by collective greed and madness.

Being able to feel the fear of the coming financial crisis when the market is carnival requires extraordinary ability and intelligence.

In his heart, he believed that the financial crisis was coming soon.

But when it will arrive and how destructive it will be, he can't say clearly.

Moreover, no one believes him when he says it now.

Unexpectedly, Ye Feng told him with certainty that "it will definitely trigger a financial crisis in the global market."

"Director Ye!"

Xu Youyu said carefully: "What I mainly mean is that I predicted that the default rate of mortgage loans would rise sharply the year before last. At that time, many experts felt that the housing market was too hot and that there was a possibility of downward adjustment or even collapse. I thought at that time

Think about it, if the housing market collapses, what impact will it have on subprime mortgages?"

"But last year, the subprime mortgage market was still hot due to inertia. So I judged that the subprime mortgage crisis should occur this year. I think we should make money by shorting the subprime mortgage bond market."

Ye Feng smiled and said: "I believe in your judgment. However, it is very painful to make this money. At this time, I don't think anyone will believe the predictions about the crisis, and to badmouth subprime mortgages like this is to ruin people's jobs."

Something.”

"Yes!" Xu Youyu said: "In this crazy market, no one believes what I say. Those who are optimistic really think that bad-mouthing is nonsense; those who directly or indirectly profit from the subprime mortgage business think that such nonsense will

impact their business."

Of course Ye Feng knew that Xu Youyu's judgment was very correct, and he also knew that the subprime mortgage crisis was coming in August 2007.

He thought for a while and said, "In this way, you immediately set up a special short-selling fund. I will ask Mason, the manager of the American Qingfeng Fund, to assist you and prepare 5 billion US dollars for you."

"Hiss~~"

Xu Xiaoyu was startled.

"Five billion US dollars? In the bond market, this can be enlarged to at least 50 billion, or even 100 billion!!"

Xu Youyu was frightened by Ye Feng's generosity.

When he was trading on Wall Street, US$500 million was already the largest amount of money he could have.

"I believe you! It's only 5 billion..." Ye Feng smiled lightly.

"Hmm~~I'm so touched."

Xu Youyu is a math and financial genius with a very high IQ, and is a top performer in the math class at Beijing University.

I was also moved by Ye Feng's trust.

"But you'd better find a capital investor with a strong background to borrow leverage, and after doing this, you will return to China and don't go to the United States again in the future." Ye Feng advised.

"Okay, Dong Ye." Xu Youyu responded quickly.

"Perhaps this will be a good time for me to make a name for myself." Xu Youyu thought.

He didn't ask Ye Feng where he got the 5 billion US dollars.

Because, as long as Ye Feng believes that the financial crisis will come soon, Ye Feng will definitely realize a large amount of cash.

Xu Youyu was right.

After Ye Feng hung up the phone, he immediately contacted Mason.

"Reduce positions immediately. Sell illiquid and overvalued stocks. Clear all financial investments. Prepare at least US$5 billion to hand over to Xu Youyu's short fund."

Ye Feng's words were astonishing.
To be continued...