v3 Chapter 1143： The crisis broke out!

He Guanchang frowned when he saw the wrinkle bosom seemingly stubborn and completely collapsed.

He picked up his mood and shouted loudly:

"Old wrinkle!"

Wrinkle woke up, looked at He Guanchang, who was serious and solemn, and asked, "Old Ho, what's wrong?"

He Guanchang did not change his face and said loudly: "You have to cheer up, you are the backbone of the company. If you lose your spirit to fight, the company will be over!"

"The Galaxy Film Company and Universal Cinemas are very powerful. The gap between our Golden Harvest and them is very large, but this is not the reason for us to completely admit defeat!"

"The film market in Xiangjiang and Asia is large enough, and Galaxy Films can't eat all of it. We still have a chance, but we can't make money as easily as before."

"Think about it, now our Jiahe Film Company is still the second child, what about other smaller companies? Wouldn't they just withdraw from the film market?"

"We have been in the film industry for most of our lives. What can we do without this industry?"

"And you think about it twelve years ago, when the Shaw Brothers Film Company was not the only one?"

"You have the courage to pull me and Lao Liang to work together, rise step by step from scratch, and even put the Shaw Brothers film company underneath. We do not lack the spirit of fighting against adversity!"

"Now the company is making money, and you and I have a good family background, but we must not forget our original intentions and lose our most precious wealth!"

He Guanchang's words shook the ears, making Wrinkles stunned on the spot.

After a long time, Wrinkle's complexion returned to his senses, looking at He Guanchang, whose eyes were like torches, and then at Liang Feng, whose eyes were sincere and full of encouragement.

He took a deep breath, nodded his head and said, "Old Ho, you are right in your lesson. After too many comfortable days, I have gradually forgotten the fighting spirit of never giving up and fighting stubbornly."

"I was wrong, sorry!"

He Guanchang smiled, stretched out his hand to Wrinkle, and said: "Old Wrinkle, we are now taking it as a second venture, and the Galaxy Film Company is going strong, but the movie is not only based on publicity and capital. If you make a big hit movie with money, you can also make a classic in the future!"

"Our goal is to surpass Galaxy Film Company!"

"work together!"

"Work hard together!" Wrinkle was surging, and his palm was tightly held with He Guanchang's hand.

"Of course I can't be without me and work hard together!"

Liang Feng's hand was also shook, and the three hands were tightly held together, like a torch, burning a raging fighting spirit.

"Hahaha..."

After the laughter, the negative mental state of the three of them was wiped out, and they exuded hard work and energy.

"Old He, let's analyze it now and re-formulate the company's development strategy, and everyone will brainstorm."

"it is good."

...

Two days later, Jiahe Film Company held a press conference and unobtrusively announced a series of strategic development plans. Wrinkles were chattering on the podium, showing the tycoon's aura.

When faced with the reporter's venomous questions, Wrinkle had a degree of advancing and retreating. In his words, he expressed his affirmation and praise for the Galaxy Film Company and Global Cinemas, and also demonstrated his and Jiahe's determination to never admit defeat and dare to catch up.

After the news spread, it caused heated discussions, with both positive and negative comments.

However, it is undeniable that the press conference held by Wrinkle Huai has played a role in stabilizing the military spirit of the film market. At least the panic in the industry has dissipated a lot.

And Wu Siyuan is also happy to see the attitude of Jiahe Film Company, the attitude of wrinkles, at least it can alert the company's employees and also facilitate him to manage the company.

In the hustle and bustle, the time came to August 1.

On this day, the Fed raised interest rates on time.

The response of the capital market has always been the fastest.

After the Fed's interest rate hike policy was officially implemented, the US stock market began to rise.

At the same time, the dollar continued to strengthen and appreciate.

However, the Galaxy Fund continues to lose money.

Except for the Li De team's long US dollar exchange rate, which saw a floating profit of more than 60 million US dollars that day, the other seven teams have more or less floating losses.

At the beginning, Tang Yong, the team that shorted the banks involved in the United States and Canada, had the most floating losses, and the floating losses reached more than 80 million US dollars.

Overall, the floating loss that day reached more than 90 million US dollars, close to 100 million US dollars!

Not only that, as the impact of the Fed's interest rate hike continues to ferment and global funds continue to flow into the United States, the loss of the Galaxy Fund will be even greater.

But this is not without benefits.

That is, as the U.S. stock market rose sharply and the U.S. dollar appreciated, Tang Yong's team made another leap in shorting the large banks in the United States and Canada.

On August 2, the floating loss of the Galaxy Fund expanded to more than $230 million.

On August 3, the Galaxy Fund's floating loss expanded to more than 360 million US dollars.

On August 4, the Galaxy Fund's floating loss suddenly exceeded US$500 million, reaching more than US$520 million.

On August 5, the Galaxy Fund's floating loss reached more than 690 million US dollars, which is close to 700 million US dollars!

The pressure on the major teams within Galaxy Fund is increasing.

Fortunately, Liu Xiao, Wang Gang and others firmly believe that the boss’s judgment cannot be wrong, and they believe in Xia Yu to constantly stabilize the military spirit of each team and implement the plan firmly as always.

But Xia Yu was unmoved, and even looked forward to it more and more.

Soon, coming soon!

Wait until August 6th!

At 10 o'clock in the morning, the Mexican government suddenly announced that due to a variety of reasons, it was short of fiscal funds and could not perform the debt service of the 87 billion US dollars of foreign debt burdened by the government as agreed!

After the news broke, the entire Mexican financial market was instantly chaotic. The heads of branches of major banks in Mexico immediately reported the news to the country, and at the same time asked the Mexican government for explanations.

Messed up!

The entire northwestern Shanxi turned into a pot of porridge instantly!

Eighty-seven billion U.S. dollars of debt actually defaulted, and Mexico, one of the leaders in Latin America, defaulted!

The major lending banks in Europe and the United States were terrified and all convened personnel to discuss emergency plans.

Major media around the world are also following the news. If there are news gathering sites in Mexico, they will immediately let them gather news, while those without news gathering sites will send a team of editing and editing to Mexico.

At the same time, the capital market hastened to respond.

The most volatile was the Mexican peso and the exchange rate of the US dollar against the Mexican peso plunged instantly.

This in turn triggered a plunge in the Mexican stock market.

Both the Liu Xiao team and the Ma Kai team were filled with excitement.

As for banks involved in lending to Mexico, as long as they are listed, their share prices have plummeted, and institutions have fled.

In particular, the leading Citibank, in just one hour, wiped out the market value that had risen in the past five days. The market value has evaporated by US$800 million, and it is still declining.

The global financial industry is getting nervous.

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