Era: Starting from divorce from female college student

"Of course, you can learn from your little stones, or you can seek other help."

"But you need to be clear about what you're going to do next."

Following Zhao Mancang's words, Zhao Yuechan, Zhao Huijun, and Zhao Ping'an all lowered their heads in deep thought.

Clearly, this was a test given to them by their father, and their subsequent remarks would be crucial in determining whether they could complete it well.

To be fair, Zhao Mancang told them to organize their thoughts and then come to his study later to give him a verbal report.

Inside the study, more than ten minutes later, the first person to enter was surprisingly Zhao Huijun.

She is the eldest child in her family; no one is older than her.

"Dad, I made over ten billion dollars this time, that's what I think."

The total profit is $14 billion, but after deducting some transaction fees and bonuses for the traders, the actual amount received is $13.3 billion.

Zhao Huijun's meaning is clear: she will continue to use this money, mostly to buy US stocks at rock-bottom prices.

A small portion is used to invest in gold and oil, as these are both hard currencies.

"Oh, tell me why you want to buy US stocks at the bottom?" Zhao Mancang asked with great interest.

To be honest, he never expected his eldest daughter to have such thoughts.

After all, this is absolutely a fantastic idea.

If she really does that, to be honest, her assets will only increase.

However, she hadn't even considered buying up Kimura's assets at rock-bottom prices, which left Zhao Mancang somewhat disappointed.

But it's alright, after all, being able to buy US stocks at the bottom proves that Zhao Huijun is a very clever person.

"Dad, this is what I think: the US stock market is currently experiencing a complete crash."

"But companies like General Motors, ExxonMobil, IBM, AT&T, and Coca-Cola are all very good assets, and their prices will definitely continue to rise in the future if I can buy at the bottom."

Just as Zhao Huijun was speaking eloquently, her father suddenly interrupted her:

"What makes you so sure these companies' stock prices will definitely rebound? When will they rebound? And by how much? Are you sure that when you buy at the bottom, these companies' stock prices won't continue to fall?"

"What if the stocks of the companies you invested in become worthless?"

Zhao Mancang was already quite satisfied that she could think of all this.

Zhao Huijun has a relatively good business sense.

However, Zhao Mancang did not want her to remain immersed in the financial industry forever.

Because this industry seems to be extremely profitable, but in reality it's no different from gambling.

Manufacturing is the foundation and pillar of economic development.

Moreover, given the current situation, Zhao Mancang needs his children to focus on developing the real economy.

As for how to do it, Zhao Huijun's suggestion of buying at the bottom is actually a good approach.

"Father, how is this possible?" Zhao Huijun's eyes widened, her face filled with disbelief.

"I'm just buying at the bottom, that's all. The US is the world's largest economy, it can't be that it will never recover because of this stock market crash, can it?"

"I believe that the US economy will definitely recover in less than six months. At that time, the industries I bought at rock-bottom prices will allow me to make a fortune again."

Hearing this, Zhao Mancang understood her thoughts.

So I pressed her to tell me what she would do next.

Upon hearing this, Zhao Huijun pondered for a moment and said:
"Dad, I want to acquire a bank, and I also want to acquire a music company and a film company. I want to run an entertainment and culture-related business."

Upon hearing this, Zhao Mancang couldn't help but show a look of astonishment.

He immediately realized what was going on.

It seems that Zhao Huijun has not yet fully emerged from her previous singing career.

That makes sense, though. She had some experience in this business before, and now that she has money, it's only natural that she wants to continue running this business.

"No problem, I support you."

"Really? Thank you, Dad!"

Upon hearing this, Zhao Huijun was overjoyed.

Once her father agrees, she can enter the industry and make sweeping reforms.

Hollywood, here she comes.

She used to have no idea what to do about this industry, but now that she has a lot of money, she naturally wants to find a way to realize her ambitions.

Without a doubt, Hollywood is a very good choice.

As for the Hong Kong entertainment industry?

This place is too chaotic and disorderly; in short, Zhao Huijun doesn't like it very much.

After watching her leave the study, Zhao Mancang chatted with the other children for a long time.

Zhao Mancang spoke with each child individually and gave them different advice.

For example, Zhao Mancang hopes that Zhao Ping'an can focus on a certain industry.

There are many opportunities in China right now, and Zhao Ping'an could bring his funds into the mainland to invest.

So Zhao Ping'an chose the supermarket retail industry.

He also wanted to acquire Walmart supermarkets.

As expected, Zhao Mancang agreed.

Walmart was acquired by Zhao Mancang many years ago.

The same applies to Target supermarkets.

Since Zhao Ping'an was willing to take the plunge, Zhao Mancang, as his father, was naturally willing to let him.

However, it won't be easy for him to obtain it; he will have to work hard for it himself.

It's not like you can just ask for anything and Zhao Mancang will give it to you.

If they didn't have that ability, why would Zhao Mancang have given it to them so easily?

The choices made by the two sisters, Xiao Baozi and Xiao Taozi, surprised Zhao Mancang somewhat; one chose the steel industry, and the other chose the clothing industry.

Both are traditional industries.

Oh well, as long as they're happy, let them do what they want.

Zhao Jinshi, the fourth son, is very knowledgeable and capable of managing his own funds and businesses, which is why Zhao Mancang feels relatively at ease.

Secondly, there are Zhao Zhicheng, Zhao Leyong, and their children. Zhao Mancang only has one requirement for them: to ensure that the money they made during this stock market crash will not be lost in the next few years.

There's a saying: "One's virtue is not commensurate with one's position."

If Zhao Zhicheng and his children lacked virtue and talent, then the money they were earning now would be wasted.

Over the next few years, they will flow back into the market in various ways.

Therefore, Zhao Mancang did not have high expectations of them. After settling things with the children, Zhao Mancang returned to Beijiang City.

At this moment, Lu Wenzong, Yang Kangsheng, and others in Beijiang City were all overjoyed.

Inside the meeting room, they looked at Zhao Mancang with excitement and admiration, repeatedly expressing their gratitude.

"Alright, I understand your feelings. Now, you guys report on how much our Beijiang City has profited from this Sam's stock market crash."

Zhao Mancang smiled and interrupted Lu Wenzong and the others from continuing their spellcasting.

Previously, Lu Wenzong and Yang Kangsheng were reluctant to allow financial institutions such as Beijiang Bank to short the US stock market.

After all, it was the world's largest economy, and at the time, the US economy was booming. The whole world believed that this bull market would continue, so how could it suddenly crash?
Now, facts have proven that Zhao Mancang's guess was the most correct.

The heads of several companies, including Beijiang Bank, Yanshitang Securities, and Shakou City Investment, immediately straightened their posture and began to report.

During this stock market crash, the entire city of Beijiang scraped together eight billion US dollars.

We contacted several foreign banks to increase leverage, and the total leverage was 4.5 times, which means a total investment of US$36 billion.

The profit was 42.5%, or $15.3 billion.

After listening, Zhao Mancang immediately clapped and laughed:

"Not bad, not bad, you've made quite a bit of money. Alright, let me hear how you plan to spend it."

He actually had a complete plan, but he didn't want to be a nanny forever.

On the other hand, three cobblers are equal to one Zhuge Liang, and Lu Wenzong and his group are certainly not cobblers, given that they are sitting in this office.

Otherwise, if there were even one mediocre person among them, Zhao Mancang would not hesitate to let them leave.

Lu Wenzong cleared his throat and said:

"Leader, the current situation in our Beijiang City is quite simple: the heavy industry economy is sluggish, and although the light industry economy is growing at a decent pace, its purchasing power is insufficient."

"Therefore, given the current situation, we plan to launch a subway project to stimulate economic growth and promote the development and progress of heavy industry."

"On the other hand, there is the investment in high-speed rail. I believe that in this area, we should establish a transportation network connecting Beijiang City with the entire Pearl River Delta."

In Lu Wenzong's view, the geographical location of Beijiang City was really awkward.

Nestled within the mountains of the Lingnan Mountains, this basin is not only small, but also bisected by the Beijiang River.

The small area of ​​plains also means that economic development is easily limited.

The Beijiang River is very prone to flooding during the rainy season each year.

This also makes Beijiang City one of the first cities in the country to be submerged every year.

Indeed, Beijiang City is currently the top economic city in China, with outstanding economic indicators across the board.

However, Lu Wenzong and his colleagues were well aware that such economic development was simply insufficient to sustain the economy.

It is estimated that in just a few years, it will be overtaken by Shanghai in the Yangtze River Delta, or other cities such as Beijing and Guangzhou.

Therefore, the best approach at present is to continue increasing investment, improve the city's infrastructure, and ensure that Beijiang City has the most developed transportation network in the country.

Only in this way can Beijiang City maintain its economic advantages and avoid being surpassed by other cities.

Zhao Mancang nodded slightly upon hearing this.

This is indeed a relatively stable development direction.

Seeing Zhao Mancang nodding repeatedly, Lu Wenzong, greatly encouraged, became even more excited and continued his report with great enthusiasm.

His idea was simple: to develop the economy of Beijiang City.

However, the more he spoke, the less satisfied Zhao Mancang became.

Because it's very simple, and Beijiang City doesn't just belong to him alone.

The overall economy of the country is not so simple; we cannot take it all for ourselves.

"Okay, I understand. Old Lu, you're right," Zhao Mancang interrupted, then said to Yang Kangsheng:
"Old Yang, what's your opinion?"

Upon hearing this, Yang Kangsheng swallowed hard.

Lu Wenzong has already said most of what he wants to say, so what else can he say?

But soon, he thought of something.

"Sir, I think we should build reservoirs and power stations, and at the same time develop wind power plants."

The city of Beijiang is short of electricity.

Even in the most economically developed cities in the country, power outages still occur during the peak electricity consumption period in summer.

Therefore, to get out of this predicament, it is not enough to rely solely on the West-to-East Power Transmission Project mentioned above. Beijiang City itself also needs to take action and save itself.

In addition to solving these problems, we also need to address the issue of talent.

"The economic development momentum of our Beijiang city in recent years has actually not been as strong as it was in earlier years."

“I’ve looked back at the years before 1980. At that time, our Beijiang City was just starting out, but its economic development was very rapid, and most of the talented people were willing to stay.”

"However, with the deepening of reform and opening up, and the rapid development of other cities such as Shanghai, Baiyun District, and Futian Fishing Village, the attractiveness of Beijiang City to talent plummeted."

"Therefore, I hope that our Beijiang City will make changes to its talent development strategy in the future."

Hearing Yang Kangsheng's words, Zhao Mancang nodded in satisfaction.

To be fair, Yang Kangsheng is quite capable.

They have indeed accurately identified the main problems and contradictions in the current development of Beijiang City.

What is the most important thing in the 20th century?
Of course it’s talent!
However, the talent strategy planning of Beijiang City in its earlier years is no longer in line with the current laws of market economic development.

Simply put, this plan is outdated and no longer holds much appeal for most top talents.

Beijiang City already had various shortcomings, and with the current lack of talent, its economic growth has slowed down.

Therefore, changes must be made.

Zhao Mancang simply nodded at this point, without mentioning it to Yang Kangsheng and the others for the time being.

After the other leaders had also given their suggestions, Zhao Mancang finally spoke:
"Actually, all of your suggestions are very good. For example, Lao Lu's approach of developing both heavy and light industry, as well as the subway and high-speed rail plans."

"But you may not understand one thing, which is that all these developments require funding!"

"If all this funding came from government allocations, then our Beijiang City wouldn't be where it is today."

"So what I'm going to talk about next is the economic development plan for our Beijiang City in the next few years."

"First, we'll allocate five billion US dollars to partner with the banks we've already collaborated with, leveraging it tenfold to aggressively buy up dollar assets at rock-bottom prices!"

hiss!
When Zhao Mancang raised the first point, Lu Wenzong and the others all gasped in shock, their expressions completely losing control.

Is it really about buying up Sam's assets at rock-bottom prices?

Goodness, Zhao Mancang's ideas are always so wildly imaginative.

But his luck was incredible; he always got it right. (End of Chapter)