Chapter 388

The next afternoon, James personally went to the hotel to receive Xie liaosha from the banking association. At the reception last night, Xie liaosha's remarks made him shine. Members of the banking association invited him to the trade union the next day to explain his theory in detail. In fact, Xie liaosha did not quite understand the real cause of the subprime crisis. But before his rebirth, he had seen a lot of documentaries and films in this field. He still knew some basic knowledge in this aspect, so he went to those experts of Glencore company to discuss this matter overnight. Relying on his own memories, he pieced together a short report. Although the preparation was in a hurry, it was no big problem to achieve self-sufficiency. So Xie liaosha began to publicize his report in the auditorium of the trade union.

"Gentlemen, we all think that it is very safe to invest in the real estate market in Japan, and the profits are considerable. James, if you were asked to rate Japan's housing loans, what would you rate them? " Xie liaosha was talking on the platform and suddenly pointed to James sitting below.

"AAA, of course, the most advanced. We all know that the Japanese have a lifelong employment system. As long as they have a job, they will not lose their jobs, which means that they have a strong ability to repay! " James explained that although all of you are bankers, not everyone is familiar with the characteristics of Japan's credit market.

"If you think it's not safe to invest in Japanese mortgage loans, please raise your hand, we can continue to discuss this issue!" Xie liaosha said in a loud voice. There was a burst of laughter from the audience. Everyone thought that Xie liaosha was deliberately teasing everyone. Now no one would think that there are some problems in Japan's economy. After all, Japan is now the biggest driving force of economic growth in the world. Now the economic growth of Western Europe and North America is declining, while made in Japan is selling all over the world and earning money all over the world.

"Well, since we all agree with this point of view, let's continue our discussion. We all know that the Japanese people are crazy about land. If they have money, they always try to change it into land and real estate to maintain and increase their value. This year's world's richest man, Mr. Timothy, is a good example. He holds nearly one sixth of the land in Japan. His Xiwu group runs luxurious Prince hotels all over the world. Fortune magazine estimates that his property is as high as $165 billion. However, as a foreigner, we have no way to directly purchase Japanese land. There are policy reasons, and more importantly, the Japanese people's natural exclusion of foreigners. So if we want to get a piece of this wealth feast, we have to find other ways to get around these obstacles. " Xie liaosha explained his analysis and opinions for everyone. The audience nodded frequently, with a thoughtful expression. Many people even can't wait to record these theories mentioned by Xie liaosha, and plan to study them well after going back.

"Gentlemen, my solution is asset securitization, which is not a brand new financial product. As early as 1970, the Government National Mortgage Association of the United States creatively invented this subversive financial derivative. However, until now, this kind of product is still in the primary stage of development. I think in the current world, there is no more suitable market for the development of this kind of financial derivatives than Japan! Gentlemen, the Japanese tourists who are buying in the duty-free shops at the airport and the luxury shops on Oxford Street (a famous British shopping resort like Wangfujing), the Rolls Royce we export to Japan every year, the Japanese businessmen who go to France to buy wine manors and the landmark buildings on Wall Street in the United States, Can we still question their spending power? " Xie liaosha began to stir up everyone's emotions. He felt that if he went to MLM, he would have a bright future.

"Japan's personal consumption loans and housing loans are very safe financial products. We can create a series of financial portfolio tools on this basis to provide financial institutions here with stable, safe and high-yield financial products. I believe that with Japan's continued rapid economic growth, it is likely to surpass the United States as the world's first economic power in the foreseeable future. We have to admit that by that time, the wealth of Japanese people will far exceed that of most European countries. By then, the market scale of consumer loans and housing mortgage loans in Japan will be amazing. If someone starts to enter this market from now on, he will be the founder of the whole market. At that time, regardless of the transaction rules of the sub-prime loan market, Or the evaluation mechanism of the subprime loan market will be written by the founder of the market. My friends, this is a once-in-a-lifetime investment opportunity. I believe no wise investor will give up this opportunity, especially all of you here! " Xie liaosha described his report in a provocative tone. At the end of the speech, the audience applauded, and everyone stood up to express his unique and keen opinions.

Xie liaosha bowed himself slightly to thank you. The reason why he revealed the plan to these bankers was that the main purpose of the plan was for the channels in their hands. Xie liaosha plans to go to Japan as soon as possible to establish a company engaged in financial investment, specializing in the securitization business of subprime loans. These packaged securitization products must be sold by large financial institutions in order to get rich returns. But there is another problem here. Asset securitization just packages the loans of some different customers. The entry threshold is very low. As long as you have strong strength, anyone can join in. Mr. seryosha must raise the threshold so that these Britons can set up an institution similar to setting up a market access threshold. Only companies authorized by this institution can issue such products for market transactions. Even Japanese banks have to get the approval of the agency to issue such products.

"Finally, gentlemen, I would like to emphasize that Japanese businessmen are very xenophobic. We must unite to seize this once-in-a-lifetime opportunity! I suggest that we set up an organization with the guild as the main body to authorize market access mechanism, through which we can sell unified products in the open market! " Xie liaosha said in a loud voice.

"I agree with Mr. ulyanov that we Rothschild bank are willing to join this organization!" James said first.

"RBS is willing to join!"

"And we, the Bank of Barclays!"

……