A large number of luxury jewelry and diamonds purchased frantically from all over the world during the bubble period were sold on the second-hand market. The quantity of these "bubble diamonds" was so huge that it even caused the country of Fuso, which does not produce diamonds, to export a large amount.
China, with its booming economy in later generations, consumed most of it.
In the street second-hand shops in Shinjuku and the second-hand shops in Okachimachi, more than half of the customers are from China, and they mainly buy large diamonds of more than 1 carat.
The requirements are very simple, the bigger the better, the purer the better, preferably the size of a pigeon egg is perfect.
Here you can often see female anchors bringing goods from overseas, using their own mobile phones to conduct live broadcasts of overseas shopping; "Hey guys, look, the price is very good, the diamonds add up to 1 carat, and I saved 8,000 yuan in one fell swoop..."
Those who can do it can do it. I don’t know whether there will be such a good opportunity in the future...
Don’t worry, friends, there will be a heavy diamond necklace for you soon...
Today’s surprise is a Patek Philippe watch. Can you guess the price?
Now we are trying to get the best discount for you all, and I will try to broadcast it again this week..."
now
It's the eve of Fuso's stock market and foreign exchange market, together with the real estate market, preparing to jump off the cliff, haha!
at home
Wang Yaocheng made careful arrangements for this trip, withdrawing 100 million yuan in cash from Carrefour Supermarket's account to exchange for U.S. dollars overseas.
The specific method is very simple. According to Mr. Ueno Yu, the head of the East Asia Region of JSD Co., Ltd., Pacific Company's cash remittance of 100 million yuan was divided into many times and transferred to a domestic corporate account.
At the same time, an equal amount of US dollars will be transferred to this anonymous private account from a bank account opened at Citibank in Hong Kong.
Of course, the exchange price is 10% higher than the nationally prescribed exchange rate of 1:5.54.
This exchange profit of tens of millions is the reason why Mr. Ueno Yu and his friends are flocking to it. Only fools will not do it if they can make such a huge profit by changing hands.
This domestic enterprise mainly exports to Fuso, and also supplies a small amount of products to Carrefour supermarkets. It serves as a transit for the transaction. Pacific Company replaced the rb trading company and paid a huge amount of money for the goods.
These amounts remitted in batches can be interpreted as purchase payments, and there are no procedural problems.
two days later
Friday, January 17
Wang Yaocheng checked the US$16.4 million in the anonymous account in Citibank's VIP customer lounge. He nodded with satisfaction and the transaction was successfully completed.
He knows:
Fuso's stock market has begun to collapse, the bubble of economic prosperity has been burst, and Fuso's astonishing real estate market will begin to perform a high-level dive.
A thrilling straight falling line, almost 85 degrees steep, without any repetition or any slight rebound in the middle, straight into the abyss.
This is your opportunity to take off.
Wang Yaocheng had seen this picture on the Internet in his previous life - the Tokyo Stock Exchange Real Estate Investment Trust Index. It was simply shocking!
Fuso's six major metropolitan areas, including Tokyo, and the national property market began to plummet in early February 1992.
The nightmare of an almost 85-degree vertical drop did not change the downward trend until 1995, and the deepest bottom of the pit was six years later, in 2001.
This huge pit has not been climbed out of the small book for more than 20 years.
"Dear sir, I am John Galen, manager of the Key Account Department of Citibank. I will provide you with the most professional financial services in the world. It is a great honor to meet you."
A middle-aged white man about 1.85 meters tall walked in. He was wearing a well-dressed suit, gold-rimmed glasses, and a meticulously trimmed golden beard.
It can be seen that this is an elite in the financial world.
"Hello, I am Wang Yaocheng, the manager of Arctic Ocean Holdings Company. I need your help. I am very happy to meet you."
After a brief exchange of greetings, the two sides got to the point.
"I hope that today's conversation can be conducted under the highest level of confidentiality agreement to protect the rights and interests of our company." Wang Yaocheng put forward his request straight to the point.
"I completely understand what you mean. Citibank is the most professional in financial services. Please wait a moment."
a moment later
John Galen came in with two professional lawyers, strictly regulated the confidentiality agreement, and collected audio samples as evidence.
This means:
Everything that the two people talked about in the VIP suite today must not be spread out, and the business activities that followed must not be leaked.
Violating the confidentiality agreement will cost you dearly, both in reputation and financially, and Citibank will endorse it.
Of course, the fees are also expensive, and the law firm paid US$220,000 in legal fees.
After the two professional lawyers left, manager John Galen glanced at the slowly rotating tape recorder and his expression became solemn.
"Dear sir, you can make your request."
"OK."
Wang Yaocheng said: "First, I hope to register holding companies and trust companies in the Cayman Islands, a tax haven. My requirements are very high. I hope that governments around the world, including the U.S. government, will not be able to find out the exact information of shareholders."
After saying that, he reached out and handed over a piece of paper with the company name written one after another on it.
"Haha! I admire your rich financial knowledge, Mr. Wang. For a company registered in the Cayman Islands, every small law firm can complete such business within two days.
But……"
Manager John Galen smiled proudly and said:
"If you ask the most powerful U.S. relevant departments in the world, they will not be able to detect shareholder information.
I'm afraid only Citibank can do it, not HSBC or Lloyds Bank.
Your choice couldn't be more correct.
Finally, this business will take a week to complete and we will charge US$500,000."
Sure enough, Citibank's coffee is not delicious.
If a small outside law firm does it, US$10,000 is enough to register these companies.
But it's expensive, and if you can avoid the U.S. government's investigation, it's really worth the money.
"Second, I am personally very unfavorable about the huge bubble that has accumulated in Fuso's real estate industry. I am ready to invest heavily in short selling. I wonder if you can provide relevant professional knowledge and professional help."
Manager John Galen bowed his body gracefully and said: "This is exactly what we are good at. Dear Mr. Wang, please wait for a few minutes."
a moment later
Manager John Galen walked in with relevant information in hand and said with a smile:
"Let's continue the topic just now, first I need to understand:
The amount of money you are prepared to invest.
The intensity and timing of short selling.
Whether it is specifically targeted at the real estate industry and the maximum risk capacity it can bear.
Do you need to hide your true identity?
After understanding all this, we will make professional suggestions accordingly.
Finally, a friendly reminder that through the operation of the securities company under Citibank, we will charge a fee of 4.8% of the total transaction amount.
If there is a requirement to hide your true identity, an additional 1.2% fee will be added.”
Damn it, I’m really putting my hand in the coffin and asking for money.
Expensive!
However, the excellent reputation of this major international bank is trustworthy and its professionalism is beyond doubt.
As long as you can afford the money, they can prepare a route for your private jet, arrange a direct flight for your mistress to Paris for shopping, and receive a top-notch Rolls-Royce transfer all the way.
Buying tickets for popular superstars' concerts, courtside VIP seats for NBA basketball games, and VIP boxes for the Super Bowl, all the conveniences you can imagine.
Of course, the prerequisite is that you can afford the expensive fees.