YM778.TV Chapter 885 - The higher-up’s attention
Actually, Feng Yu had raised more than 5 billion USD in the US. But Feng Yu knew 5 billion USD is not enough, and it’s nothing compared to Soros’s Quantum Fund.
Although Quantum Fund is less than 1 billion USD now, several billion will be injected into it once Soros started his plan. The amount Feng Yu has is no match against him.
But Feng Yu still has the backing of the Hong Kong tycoons, the Hong Kong Government, and the Chinese Government. China might not be as wealthy as the US, but the Chinese government is strong enough to deal with a portion of the US tycoons.
There are lots of tycoons in the US, but not all of them like to invest in hedge funds. For example, Feng Yu knew Bill Gates, Paul Allen, Warren Buffet, and a few others don’t invest in hedge funds.
Bill Gates and Paul Allen are the new generations of tycoons, and Bill Gates is the world’s richest man. However, both of them do not have experience in investing in funds. Warren Buffet has his own fund, but it is not a hedge fund.
In the future, Bill Gates will set up his own charity fund, and Warren Buffet will invest his assets into Bill Gates’s charity fund.
Feng Yu does not know how many tycoons will be joining Soros, but he knew it will be different from his previous life because of Kirilenko and him. Soros will sure take precautions against them and rope in more tycoons to raise more funds.
If Kirilenko did not recommend Feng Yu to Soros, it would not be so complicated. Brother Ki is only trying to help Feng Yu. Working with Soros to attack the other countries in Asia will increase their profits.
Financial war is always cruel. Feng Yu only want to do his best to protect China. As for the other countries, it is not of his concern. Feng Yu even secretly wish Taiwan will suffer more losses than his previous life.
This way, Taiwan’s economy will be in a worse state than Feng Yu’s previous life, and they might be more obedient. Feng Yu might even see Taiwan returning back to China in this life!
Feng Yu is also happy to see South Korea, Japan, Malaysia, Indonesia and the other countries’ economies going into recession as these countries had joined hands to seal off China’s trade in his precious life. These countries also had territorial disputes with China.
Feng Yu does not care whether China is right or wrong. As a Chinese, China must be right! His thinking is just narrow and unreasonable!
……
“Manager Feng, what happened? I heard my men in the company say you are using the company’s shares as collateral for loans.” Zhong Qingxian asked anxiously when he met Feng Yu.
“That’s right. What’s wrong? Don’t worry. I am only getting a loan and not selling the shares.” Feng Yu laughed.
If Feng Yu were to sell off his Lehaha’s shares, Zhong Qingxian’s position as the Chairman might be gone.
“Manager Feng, you also need to get loans?” Zhong Qingxian asked curiously. Since the day he met Feng Yu, he had never heard that Feng Yu lacks money!
“I need to raise funds. A group of western capitalists is preparing to attack Hong Kong’s financial system after Hong Kong’s return. I am raising funds to retaliate.” Feng Yu explained.
Zhong Qingxian calmed down. He is better than Feng Yu in organization management but is only a novice in the financial market.
“Manager Feng, do you need my contribution?” Zhong Qingxian asked.
“No need. If I need your help, I will speak to you all.” Feng Yu smiled and thanked him. There are differences between managing a company and investing. Zhong Qingxian might not be able to take the excitement.
“Then why did you get loans from foreign banks?” Zhong Qingxian asked curiously.
It’s easier to get loans from China’s domestic banks, and the interest is lower. Feng Yu might even get more substantial amounts. Furthermore, it’s better to let China’s banks to earn interest. Why is Feng Yu letting those foreign banks earn his interest?
“I need USD. China banks might not help me with this. Alright, don’t worry about this. I will repay the loans in 2 years. Maybe it will not take that long.”
It’s not easy to get loans in USD from China’s banks, and Feng Yu’s loan amount is too high.
……
“Leader, I discovered something, and I think I need to report to you.” Director Fang stood in front of Iron Fist Zhu.
“What is it?” Iron Fist Zhu put down his pen and rubbed his forehead. He had been writing for more than 4 hours without a break.
“Feng Yu had used all his companies’ shares as collateral for loans.” Director Fang replied.
“Huh? He should be going to make some investments. What’s the problem? He used his connections to get illegal loans?” Iron Fist Zhu asked.
If it’s nothing serious, Iron Fist Zhu will just close one eye. Just Feng Yu’s donations are enough for him to pretend not to see Feng Yu getting higher loans illegally. Although, as China’s Bank Governor, it is his responsibility to stop all these illegal activities.
“But Feng Yu had gotten loans from foreign banks and used all his companies’ shares, including Bing City Machinery Company, Bing City Pharmaceutical Group, Lehaha Group, Wind and Rain, Aiwa, etc.!”
If it’s getting higher loans, Director Fang will not mind. But those banks are not China banks. Is Feng Yu transferring his assets out of China?
Iron Fist Zhu frowned. “What did you say? All the loans he got are from foreign banks and used most of his assets as collaterals? Do you know where did the money from the loans flow to?”
“I got my men to investigate. All his money went to his Swiss Bank account. We can’t get any details from the Swiss Bank.”
The Chinese authorities can’t check Swiss bank accounts. If Feng Yu is really transferring his assets away from China, he had succeeded!
Feng Yu is still holding on to Hong Kong’s passport, and it’s easy for him to travel out of China!
“You really think he is transferring his assets away?” Iron Fist Zhu looked at Director Fang.
“I don’t believe he will do this, but he did. It’s also bizarre. If Feng Yu is getting loans for investment, it’s normal. But he is not investing but keeping it in a bank. This is not what he will do. The interest from the bank is much lower than the loan interest. He is losing money every day!”
Iron Fist Zhu picked up his teacup and took a sip. “Although I can’t see through Feng Yu, I know he is very patriotic. Patriotism cannot be faked, and maybe he has other uses for this money, which we don’t know. Alright. Call him and ask him to drop by Beijing when he has the time. I would like to speak to him.”
……
“Huh? Director Fang? Premier Zhu wants to meet me? But today is Lunar New Year Eve! Oh, I can go after Lunar New Year? Ok. I will go to Beijing on the 5th day of Lunar New Year and will call you when I reach. Alright. Happy New Year.” After hanging up, Feng Yu wonders…
Why is Iron Fist Zhu meeting me again? Is it because of the Old Man?
Translator’s notes: This author is suffering from blind patriotism like the millions of Chinese in China. Anyway, this is the effect of CCP’s brainwashing.