Chapter 162 A Crisis Quietly Resolved

Su Yehao didn't have time to think too much. Early in the morning on the 8th, he went out to help receive guests from all walks of life, and arranged two interviews during the period.

It just so happened that some businessmen already had investment intentions, and he helped facilitate many orders.

He had just caught his breath in the afternoon when Academician Ni Danan called, saying that there had been a breakthrough in the self-developed chip, basically reaching the level of mainstream computer processors on the market.

This surprised Su Yehao quite a bit.

He hadn't contacted Academician Ni much in recent years, but every time they connected, he heard good news.

For example, for computer security considerations, the government and some institutions have already started using self-developed computer desktop operating systems, combined with Yinhai Network's WPS office suite, which is enough for daily work.

Over the years, how much he earned was secondary. What was more important was that relying on Su Yehao's upstream and downstream enterprises, he had fostered a high-tech industrial chain, and its rise was very rapid.

He didn't have time to ask in detail today. Su Yehao only asked why he was still busy with work today and didn't come to see the Olympic opening ceremony.

Academician Ni replied that he was idle during the day anyway, and would come over in the evening.

…

That night.

At seven o'clock, the main stadium was full of people.

Su Yehao's seat was particularly good, and he was often photographed by cameras. In order to avoid unnecessary attention, he did not sit with Nangong Tian and Jiang Yu. Beside him were his father, Steve Jobs, and the CEO of Goldman Sachs.

It was interesting.

This evening, Goldman Sachs' representative also acted as a lobbyist, hoping that Su Yehao could come to the rescue of Citibank.

This company was on the verge of bankruptcy, its stock price plummeted from more than fifty dollars to one dollar, which was basically equivalent to bankruptcy. The estimated loss this year exceeds 16 billion US dollars.

Su Yehao was a little interested in Citibank, but didn't want to be a sucker, spending a lot of effort to make wedding clothes for others.

So he had to think about it first, and figure out what conditions he should offer, such as having to take the lead in the board of directors, cutting employees, and not allowing the divestment of certain high-quality assets.

The subprime mortgage crisis has led to a sharp drop in Citibank's profits last year and this year. There are too many non-performing assets, so the stock price has plummeted. The market is currently worried that the highly leveraged Citibank will experience liquidity default and bankruptcy, which will lead to depositors and investors losing confidence in Citibank.

People's lack of confidence in banks has serious consequences.

The emergence of a wave of bank runs, coupled with creditors recovering loans, triggered a liquidity crisis, which led to Citibank's near bankruptcy. Now it is only hanging on by a thread. If Washington approves the bankruptcy application, it will really go bankrupt.

Ten years ago, Su Yehao couldn't have imagined that he would have the opportunity to take over Citibank one day.

But now, not to mention successively taking over Merrill Lynch and Standard Chartered Bank, he still has the spare capacity to rescue Citibank, considering that the biggest wave of the financial tsunami has passed.

On the premise of ensuring that he would not fall into a trap, acquiring this bank would also be a good idea. At that time, it can be matched with Merrill Lynch to continue to deploy some other assets.

As fireworks soared into the sky, the Si Jiu Cheng (Beijing) Olympic Games opened.

The atmosphere at the scene was warm, and the cultural performances were also very exciting. From the opening ceremony at eight o'clock to the lighting of the torch at half past eleven, Su Yehao's legs were numb.

When he took his family back to the quadrangle courtyard, it was already after one o'clock in the morning, and the children were already asleep.

He stayed in Si Jiu Cheng for a few more days.

Su Yehao didn't go to the scene to watch the games. It was more comfortable to lie on the sofa and watch TV.

Zhao Yimeng took Vera back to Hong Kong City on a private plane, and Yin Liuli also took her daughter to Shanghai. The two apartment buildings under her name were being rented out, and she had something to be busy with.

Su Yehao accompanied Nangong Tian and the others, heading west, to ride horses and eat roast lamb on the prairie.

They stopped and went along the way, and became numb from watching the scenery. Even the most comfortable seat hurt his waist after sitting for a long time.

After seeing Qinghai Lake, Jiang Yu felt unwell and needed to go home to recuperate first.

The children didn't want to toss anymore, so they simply split into two planes and set off one after the other, returning to Hong Kong City...

…

Days passed by.

On the day when the Olympic Games, which people had been looking forward to for many years, came to an end, Su Yehao reached a financing acquisition agreement with Citibank.

A total of 350 billion RMB was invested in the mainland stock market, and the Shanghai Composite Index still maintained 2,100 points, but many non-constituent stocks plummeted.

In this case, with the emergence of an infrastructure plan involving more than 4 trillion RMB, the A-share market rebounded by 6% in a single day.

Unexpectedly, in mid-September, Su Yehao estimated that the economic performance was too poor, which seriously affected the United States, so a 660 billion US dollar bailout plan was freshly released, announcing the repurchase of subprime mortgage derivatives.

Su Yehao's bargain-hunting project was immediately revived, and its value soared.

He injected a full 20 billion US dollars into Citibank, and its value doubled in just over half a month.

The stock market crash seemed to have never happened, only stockholders secretly shed tears, and the global economy quickly returned to normal.

Zheng Yongwen's team earned a total of 12 billion US dollars before and after. When the last batch of original junk bonds was sold at a high price, they shared a total of 100 million US dollars in remuneration, disbanded in a low-key manner, and returned to their original positions.

Considering that the risks were borne by Su Yehao, the 100 million US dollar bonus was already quite amazing. If it were replaced by elites with a million Hong Kong dollar annual salary, they could actually do their job as well.

In the 100 million US dollars, Zheng Yongwen took 50 million alone, and Feng Tiancai also received 13 million US dollars, and happily bought a mansion on the top of the mountain.

After finishing these things.

Su Yehao continued to live a boring and tedious life, and went to Mogan Mountain for two weeks at the end of the year. The world's disturbances seemed to have nothing to do with him.

——————————————

On July 1, 2010.

Emperor·Crab Island was initially completed and began to receive the first batch of tourists to the island.

Su Yehao's new villa has just been completed. It is a palace-style villa in the ancient Roman style. The area of the courtyard is huge, and the official name is "Mysterious Garden."

Around September last year, Su Yehao's total assets had exceeded the 1 trillion US dollar mark. Due to the "donation" of a large number of assets, it was not included in his personal assets.

This matter was kept secret, but there were still many rumors circulating outside. Since Su Yehao's image was cool enough, and he was almost synonymous with high technology in the minds of young people, it did not cause too much negative impact.

On July 1, 2010, Nong Qingying brought her son to visit, and secretly complained:

"You should take care of your son. I can't do anything about it. He's learning from others to fall in love at a young age. If a friend hadn't told me, I would have been kept in the dark and didn't find out."

Su Yehao was lying on a deck chair by the infinity pool, with several Roman columns behind him.

Hearing this.

He asked in surprise: "Oh? Is the little girl good-looking?"

"... What's the use of being good-looking? Beauty brings disaster, and it will affect his academic performance."

Looking at Nong Qingying, whose appearance has not changed much, Su Yehao said with a smile: "It's almost the rebellious period, I advise you not to meddle in other people's business, it's easy to quarrel and affect the relationship between mother and son."

"It's easy for you to say, I'm such a dedicated person, my son must have inherited bad habits from you."

Nong Qingying rolled her eyes at him, carefully admiring the scenery in front of her, and changed the subject and said: "The scenery is really beautiful, I want to move my home here and go to Sihai Casino to play mahjong every day, and live a retirement life like you in advance..."