Chapter 239 The sea sailing depends on the helmsman
However, after hunting geese all day long, he was eventually blinded by the geese pecks; he had been cutting leeks for a lifetime, and he was cut like a leek.
During the 2008 financial tsunami, Huang Hongnian stepped into a big trap in his foreign exchange and bond transactions through Citibank and lost more than 1 billion Singapore dollars, which was about 4.9 billion yuan at the time.
Huang Hongnian believed that Citigroup did not provide him with accurate investment information, which caused him to make wrong decisions. He also sued Citigroup for this.
According to Huang Hongnian, he sensed the coming financial risks and proactively reduced his investment, and told Citigroup to keep a margin surplus of US$100 million in his account.
As a result, Citi provided him with inaccurate account information, according to the account information he provided.
First, he was told that he still had ample margin surplus, allowing him to continue to increase his investment. Then, he was suddenly told that his margin surplus was insufficient, and the gap figure changed from tens of millions of dollars to hundreds of millions of dollars in just a few days, which ultimately led to his
When closing the position, the net loss exceeded 1 billion Singapore dollars.
According to calculations by Forbes that year, this loss was equivalent to half of his net worth.
The heartache is certain. A full 1 billion Singapore dollars has completely evaporated. Unlike the ups and downs of the stock market, there is still a chance for a comeback.
After suing Citigroup, nothing happened. I don’t know if he was looking for excuses for his failure, or if Citigroup cheated him, an old friend who had worked with him for decades.
Whether it is true or false, outsiders have no way of knowing.
Huang Hongnian asked Zhang Yida to sit next to him. He was very talkative and chatted with Zhang Yida about China's business development in recent years.
While chatting, Huang Hongnian turned to the Internet again. He said with emotion: "Back then, I was almost lucky, just a little bit short of controlling Yinghaiwei."
Zhang Yida is aware of Yinghaiwei's status in the world, and it can be regarded as China's first Internet company.
In 1995, a huge billboard appeared on Zhongguancun South Street in Beijing, which read:
"How far is China from the information highway? 1,500 meters to the north."
1,500 meters north of the billboard is an Internet Science and Education Center called "Yinghaiwei".
The advertisement at that time said:
"Enter Yinghaiwei time and space, you can read electronic newspapers, go to online cafes to talk to friends you don't meet, talk freely in online forums, and stroll around the international network at any time..."
Yinghaiwei can be regarded as the memory of a generation.
However, because the timing of entry was too early, every step was an exploration, and the market demand was ignored, and the opportunity to transform into a portal website was missed. The management also had conflicts with the capital, and Yinghaiwei completely collapsed in 2004. Legend has it.
This ends.
Huang Hongnian continued: "In 1997, there was a financial crisis in Hong Kong, and China Strategic Group itself encountered a lot of troubles.
Therefore, we rejected the financing request from Zhongxingfa Group, the parent company of Yinghaiwei Holdings.
Thinking about it now, I was still too short-sighted at that time. I missed a big gold mine!"
Zhang Yida smiled and said nothing. Huang Hongnian was a master of capital operations, but he was really not suitable for entrepreneurship and management.
He acquired 200 state-owned enterprises that year. Except for a few industries such as beer, which were revitalized, most other state-owned enterprises were in dismal performance.
Including himself, he said: Investing in a business, from buying land, building a factory to producing products, requires too many tedious tasks. I don't have the interest or the energy.
He also has a famous saying: An inch of time means an inch of gold, and an inch of gold can buy an inch of time. Acquisition means using "inch of gold" to buy other people's "inch of time."
"He worked hard all his life, and I probably got it in a few nights."
He has never done any "specific work" in his life. Even if he controls Yinghaiwei, he probably won't be able to escape the fate of bankruptcy.
"I heard that Mr. Huang went there in the 1990s and met his grandfather. He also lobbied them to come?"
Zhang Yida remembered that this man was addicted to acquiring state-owned enterprises, and later he had other whimsical ideas. He wanted to replicate the miracle of acquisition and package it for listing in Europe and the United States...
Huang Hongnian said "Oh" and said with a smile: "You are talking about this! I was thinking about it at the time, right? We have done it, do they have to follow up?
So, I went with the attitude of giving it a try.
When he arrived, he communicated with me many times and asked me: What should I call him when I see him? Then he taught me: I should call him old man and wish him well.
I told them at that time: Don’t worry, these have already been melted in my blood.”
Zhang Yida listened happily and realized that this man had also been to the mountains, to the countryside, and to the youth.
It literally melts into the blood!
Huang Hongnian added: "When I saw him, I started to praise him:
You give me the impression of a fatherly person. The outside world doesn’t know much about you. Is it possible for you to travel further and let people come and see more of you?"
"Then what?" Zhang Yida was so fascinated that he put down his chopsticks and began to listen carefully.
The other younger members of the Huang family also craned their necks to listen to their "second uncle" and "second uncle" telling his legendary life.
"Haha", Huang Hongnian laughed twice, took a sip of red wine, and continued: "The faces of the people around me turned pale when they heard what I said.
But he did not refute me. Instead, he said on the spot that he would actively promote and develop tourism.
After talking about travel, I started selling again.
But his performance disappointed me. When I talked about it, he avoided these four words and did not mention them from beginning to end. He only emphasized four wishes.
Which four are there?
There is white rice to eat, broth to drink, silk and satin to wear, and a tile-roofed house to live in.
Then I suggested that he take a walk and take a look. After listening for a long time, he didn’t say anything and just looked at me. I was so scared that I broke out in a cold sweat.
Then he smiled and said: I agree with your point of view. If I have the chance, I would also like to go.
Later, I realized that I had created three opportunities for myself to be beheaded during that meal.
Because anyone who contradicts someone face to face will be beheaded.
But it didn't kill me. On the contrary, we had a pleasant chat and drank 3 bottles of Maotai during one meal.
When I left, the concierge also gave me 3 boxes of fruit and an exquisite silver vase. It is said that this is the highest courtesy.
I once believed it.
In my opinion, power and wealth can be passed down, but reverence and support cannot be simply transferred to the next generation, let alone passed down naturally.
But the reality is always surprising and beyond people’s imagination..."
Zhang Yida looked at Huang Hongnian with a wry smile, did not continue the topic, and said:
“In the eyes of many, you are an out-and-out China hand, and you can be said to be the overseas Chinese who understand China’s national conditions best.
I heard that when you were in China, local officials invited you to karaoke. Considering that you were an overseas Chinese, they ordered you a song "Sweet Honey". Instead of singing, you sang "The Sea Sails Depends on the Helmsman" and "Red Star Photo"
I'm going to fight".
Mr. Huang, is this happening?"
"That's necessary. I'm a "red and professional" person. I even submitted an application to join the Party back then, but unfortunately it wasn't approved."
Huang Hongnian said with regret, and recalled the past:
"I have been willful since I was a child and love to cause trouble. When I was 12 years old, my dad said: I can't control you, let the mother-in-law control you.
Then my eldest brother and I were arranged by my father to study in China. My eldest brother was luckier than me and was admitted to Beijing University. He had no choice but to join the ranks of educated youth in Shanxi.
At that time, I wanted to pursue a beautiful girl, but she rejected me.
I was so angry that I asked him to arrange for me to return to Indonesia."
"Haha," Zhang Yida said with a smile, "I don't know if the village beauty back then doesn't regret it now, but she actually disliked the son of Indonesia's richest man."
Huang Hongnian smiled bitterly and said: "In those days, it didn't matter whether you were a rich man or not. The richer you got, the more you were despised.
Later, after the college entrance examination was resumed, that girl was one of the first batch to be admitted to university, returned to the city, and became a teacher at the university.
When I returned to China in the 1980s, I even went to meet her. Unfortunately, they were all married at that time, and I was married too."
Speaking of this, Huang Hongnian glanced at the juniors who were all staring at him, his old face turned red, and he said: "But that is all in the past tense, and the story has been turned over long ago."
Huang Hongnian added: "Although I have never read a book, I have learned a lot. I will never forget the hard life and it is also a valuable asset."
"After returning to Indonesia, my father was afraid that I would lose my mind, so he arranged for me to go to Hong Kong to learn typing and English.
But I was not used to doing specific work, so I directly asked my dad to find a factory to manage.
Mao Zedong said: After the political line is determined, cadres are the deciding factor.
So I changed the original manager and hired an RB manager at several times the price.
That year, the factory's efficiency increased by tens of millions."
Listening to Huang Hongnian's rhetoric, Zhang Yida finally understood how he deceived state-owned enterprises back then.
One night, one meal, and winning 101 state-owned enterprises in Dalian depended on eloquence and familiarity with the national conditions. Of course, relationships are also very important.
"Yida, I see that you have frequently made moves in Southeast Asia in recent years. Have you ever thought about going to the secondary market to show off your skills?"
Zhang Yida was shocked, why did this person come up with his idea?
Seeing Zhang Yida's silence, Huang Hongnian said again: "Don't get me wrong. I have learned about your industry, especially the listed company Yimin Internet Finance, but you have never thought about acquiring some assets and putting them into the listed company?"