Royal Family Fund announced that it has increased its holdings in Cisco to 13.72%, ranking it as the largest shareholder, and will continue to increase its holdings in the company's shares.
inspired by this news
The Nasdaq market was all red, with Cisco's shares soaring 11.7%, and its total market value soaring from 173 billion U.S. dollars to 100 million U.S. dollars. It became the leader of technology stocks and outperformed the market.
mid-october
Royal Family Fund once again announced that it will increase its holdings in Cisco to 18.65%, initially achieving the first phase goal.
Encouraged by this news, Cisco's total market value exceeded the 200 billion U.S. dollar mark for a short time, and then was hit back by heavy selling, falling sharply to the level of 193.3 billion U.S. dollars.
Cisco's stock price has been ups and downs, becoming a scene on the Nasdaq market.
However, due to the weakness of the overall market, Cisco was unable to change the general trend. The stock price generally showed a wide box consolidation state, and the stock trading was active, always holding the last breath of enthusiasm in the Nasdaq market.
In late October, Royal Fund once again announced that it would increase its holdings in Cisco to 25.38%. The total market value exceeded the US$200 billion mark, firmly standing above the US$200 billion mark.
In November 2000, the results of the election for the all-American leadership were announced.
As the candidate for the leadership of the Elephant Party, George defeated Al Gore, his competitor from the Donkey Party, and was elected as the 54th leader. He will officially enter the White House on January 20, 2001.
George immediately sent out an invitation to Wang Yaocheng to attend the ceremony at the White House as a reward for his uncompromising support in the presidential election.
beverly hills, mediterranean estate
"Hahaha... We finally saw the best results, and now we can show off our skills."
Wang Yaocheng, who was in high spirits, waved his arms vigorously and said to President Huo Jiaguang with a bright face: "The days of the donkey leader in the White House are numbered. Now is the time for us to show off our skills. Brother Iamitsu can unleash the big moves he has been holding back."
Now, others thought we wanted to return to Cisco, but we found another way, which will definitely surprise them."
"Haha, Mo Yuxuan has been waiting for this day for a long time. In order to fill the gap in HSBC's North American business, he has been conducting 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 take action."
"As you wish."
Since March 14, 2000, it has been more than half a year.
After the Internet financial bubble burst, as much as 5 trillion U.S. dollars of wealth evaporated, causing heavy damage to the financial sector across the United States, with more than 10,000 points of critical damage.
During this sharp decline, the closing point on November 1 was calculated;
The Dow 30, Nasdaq, and S&P 500 dropped from their peaks of 11,722 points, 5,048 points, and 1,527 points respectively in 2000 to their lowest troughs at the end of the year, 7,702 points, 1,114 points, and 776 points, respectively, with a decline of 34%.
%,78%,49%.
According to the Far Eastern Economic Review, in 2000 alone, the value of the U.S. stock market fell by about $5 trillion, equivalent to 48% of the U.S. gross domestic product, and twice the losses caused by the global stock market crash in 1987.
Statistics show;
More than 3,000 small and medium-sized banks across the country have collapsed, and tens of thousands of funds have been liquidated, including many well-known large fund companies, which have capital from multinational banks behind them.
The so-called financial crisis means that there is no money in the market.
From banks to enterprises, everyone is hungry for funds, and the total market value has almost been brought back to its original shape after falling again and again.
in early 2000
There are two companies with a total market value of more than 500 billion U.S. dollars, namely Cisco with 555 billion U.S. dollars and General Electric with 505 billion U.S. dollars.
In addition, Intel is worth $446 billion, IBM is worth $406.5 billion, and Microsoft is worth $365 billion.
Now everything has been brought back to its original shape, basically in the range of more than 100 billion US dollars, and the total market value is only 1/3 to 1/4 of the original.
This caused heavy losses to Wall Street investments, and many large and medium-sized banks were inevitably affected. Their insides were hollowed out, leaving only the shiny surface.
At the end of the year, huge bad debt losses need to be accrued.
Once the bank's annual report is released, everything that has been hidden will be exposed to the public. If no powerful institution can be found to take over, a large number of powerful banks will fall. This is why Americans are even more anxious.
This time the Internet high-tech bubble burst, and Wall Street investors fell from the sky and landed face down on the ground, either dead or disabled.
The Wang Group took this opportunity to contact each bank they were interested in, and their experience could fill a thick Encyclopedia Britannica.
In this short half year, I have truly experienced the other party's transformation from arrogant and arrogant attitude to a lion's mouth, from being fierce and cowardly to having a guilty conscience, from being crushed by the last straw in spirit and will, and pleading without caring about face.
The changes have been so drastic.
November 7
HSBC announced that it would fully acquire the First National Bank of Boston at a consideration of US$7.16 billion, taking over more than 600 business outlets throughout the Boston metropolitan area and the Western United States, as well as the bank's huge non-performing assets of US$30.7 billion.
November 14
HSBC announced that it would fully acquire Wachovia Bank, the seventh largest bank in the United States, for US$37.5 billion, acquiring 2,200 branches across the United States and taking over the bank's huge non-performing assets.
November 21
HSBC announced that it would fully acquire California City Bank, Texas Credit Bank, New York Mutual Bank, Western Savings Bank and other regional banks for a total consideration of US$21.1 billion, improving the entire banking industry layout.
November 22
Royal Family Fund announced that it will increase its stake in Cisco to 44.11%
HSBC's series of dazzling large-scale mergers and acquisitions, which cost a total of 76 billion US dollars, helped HSBC skyrocket. Its total market value reached 110.7 billion pounds (174 billion US dollars), becoming second only to UBS Group, Citibank, and Bank of America.
The world's fourth largest multinational bank.
It’s not that I don’t know, it’s just that I was shocked.
Before the advent of 2001, Wang's consortium spent as much as 180 billion US dollars on mergers, acquisitions and development, acquiring dozens of large and medium-sized companies, including 53.2% of Corning's shares, 44.11% of Cisco's shares, and HSBC, the core of the consortium, in North America.
The comprehensive expansion has achieved a perfect take-off.
At the same time, the consortium's cash flow dropped sharply to 17 billion, and it could only maintain normal operations.
mediterranean estate
"What's wrong? I feel bad."
"That's not the case."
"You are the kind of guy who can get in but not get out. You will worry about having too much money, and you will also worry about spending it out, haha..."
"I know all the principles of these investments, but I just can't change my mind."
Wang Yaocheng looked at Shi Xueyi with a smile. Seeing his gloomy look, he continued to joke, "You still have to prepare some money for me. There are big things to do during the Chinese New Year. Can't you do it without money?"
"What?" Shi Xueyi was really shocked now; "Brother Cheng, let's just play it safe! The US-funded banks acquired by HSBC have huge bad debts of hundreds of billions of dollars. It's worrying me to death. In the end,
What should we do?”
"If there are no bad debts, why should someone buy it for you if they are doing well? You need to learn to analyze it." Wang Yaocheng tapped his slender fingers on the table, thought about it and said;
"Among these bad debts, pure investment losses account for about 1/3, which is about 30 billion US dollars. The rest are fixed assets that have lost mortgages, such as residences, shops, buildings, factory facilities and land, which may not be able to be invested and cashed out.
In the fierce competition among commercial banks, American banks have always had management as their strong point.
There is no problem with bank management. The problem lies with the credit and risk control departments. The losses in this financial bubble were too great.
The fundamentals of these banks are all good. As long as liquidity is injected, it will not be a big problem for HSBC to revitalize these assets.
Especially valuable is;
HSBC was able to expand its business to the entire North America and become a truly large multinational bank, filling the business gap in North America. After several years of mergers and integration, it will surely develop into a first-class international bank.
In the next step, it is necessary to improve the banking network in Europe, as well as bank commercial outlets in South America and Africa, to become a truly top bank across the world and provide all-round support to consortium enterprises.
So, our road is far from over."
Shi Xueyi sighed secretly; "Then what's the next step?"
"Europe."
Wang Yaocheng looked out the window, his eyes seeming to cross the vast territory and look towards the continent full of endless future.