章節 1150: Chapter 1150: Floating profits of more than 20 billion
While Fok Kin-ning was personally in charge of the CD-ROM standard, he had already sent a vice president to lead a team to the United States to participate in the competition for the game copyright of 'E.T. the Extra-Terrestrial'.
The competition for the game copyright of 'E.T. the Extra-Terrestrial' was fierce.
There was no way around it. The total global box office for the movie E.T. the Extra-Terrestrial had already exceeded 600 million US dollars, and the total box office in North America had exceeded 300 million US dollars. Even though it had been released more than three months ago, it was still a hit. Since its premiere, E.T. the Extra-Terrestrial had never lost its position as the weekend box office champion in North America!
Last weekend, from 17 to 19 September, E.T. the Extra-Terrestrial was still being shown in more than 1,200 cinemas in North America, and its weekend box office in North America was still more than 4 million US dollars.
The film has been breaking records and has been called a 'record-breaking machine' by major entertainment media.
As of the latest update, 'E.T. the Extra-Terrestrial' has won an amazing 15 consecutive wins and is continuing to create brilliance!
Seeing the influence of 'E.T. the Extra-Terrestrial,' powerful game companies around the world are eager to obtain the game rights, and there are more than 20 game companies eligible to compete.
This situation has caused Atari to be both shocked and furious.
But that's just human nature: the rarer something is, the more we want it.
Atari decided internally that the game based on this heartwarming family sci-fi movie would be perfect for Christmas sales, and would appeal to young people far more than any of the games currently in development or already on sale.
But time was running out!
So Atari was determined to get the game rights.
Some game companies were not strong enough and gradually withdrew, but Tiangong Electronics Group was determined to get the game rights and made Atari's team hate it.
However, Tiangong Electronics Group was already Atari's biggest competitor, and after seeing Tiangong Electronics Group's craziness, Atari's acquisition team had to report to the company time and time again and approve more and more funds to compete.
In the end, Atari 'won the day'.
On 24 September, in the unwilling eyes of the Tiangong Electronics Group's acquisition team, Atari's acquisition team proudly won the game copyright for E.T. the Extra-Terrestrial for US$42 million.
In the original history, due to the lack of competitors, Atari only paid $25 million for the rights.
But this time, Atari's situation was even more difficult, and due to Tiangong Electronics Group's vicious competition, Atari had to pay an additional $17 million to obtain the rights to the 'E.T. the Extra-Terrestrial' game.
After obtaining the rights, there was only a short three-month period left for Atari to develop, produce and distribute the game!
After completing the two tasks arranged by Xia Yu, Huo Jianning immediately reported the situation to Chairman Xia Yu and received his encouragement.
However, Xia Yu also did not forget to remind Huo Jianning that the Christmas offensive was the most critical step. Whether Tiangong Electronics Group could soar to new heights and once again take the lead in the home console market after the arcade game sector would depend on that one time.
Afterwards, Huo Jianning continued to work in Tiangong Electronics Group with high morale.
...
Before I knew it, September had passed in a flash.
More than 50 days have passed since the sovereign debt crisis broke out in Latin America.
However, due to the wide-ranging impact of the sovereign debt crisis and its complexity, as well as the fact that the demands of countries such as Mexico are considered unreasonable by commercial banks in Europe and the United States,
no definitive solution has been reached, let alone a tentative plan, since the crisis broke out.
The longer it drags on, the more pessimistic people become about the crisis.
And the first to suffer are the banks involved in various countries.
Many small and medium-sized banks around the world have already been forced to apply for bankruptcy due to the panic withdrawals triggered by their involvement in sovereign debt.
The global banking industry is already overshadowed by the dark cloud of systemic risk.
For this reason, there is increasing pressure on Federal Reserve Chairman Paul Volcker and International Monetary Fund Managing Director Jacques de Larochelle.
As a last resort, the two men exerted pressure on Latin American countries while also pressuring major commercial banks to try to get both sides to compromise as soon as possible.
At the same time, major commercial banks also turned to their respective governments for help, causing governments in Europe and the United States to continuously pressure Latin American countries to force Mexico and Brazil to make concessions as much as possible.
The pressure from governments only had a significant effect on Mexico, which announced specific plans related to integrity and was prepared to cut costs and increase revenue.
However, countries such as Brazil, Argentina and Chile were hard-headed and maintained a tough stance. There was a strong voice within each country calling on the government to write off the debt completely.
On 2 October, at a meeting held at the Federal Reserve Bank of New York, IMF Managing Director Jacques de Laroche gave the bankers more bad news.
Before the IMF can contribute, the commercial banks must come up with another 5 billion US dollars in new funds, and this money must be in place by December 15th, otherwise the IMF will not contribute to the resolution of the crisis.
After this news broke, the share prices of many banks fell again.
And the profits of the Galaxy Fund soared once again.
Xia Yu specially counted and learned that the cumulative profits of the eight teams in the Galaxy Fund had reached 286 billion US dollars!
And the floating profits are still rising rapidly every day.
According to the current situation, it will take at least another month for European and American countries to come up with a proper solution to the Latin American sovereign debt crisis.
This means that the profit-making period will last at least another month!
Even if European and American countries come up with a solution, it does not mean that the crisis will be resolved immediately. In the past, it was not until 1989 that the United States proposed the Brady Plan to resolve the Latin American sovereign debt crisis.
It can be imagined that the adverse effects of the Latin American sovereign debt crisis will continue to exist for many years to come.
Xia Yu is therefore not worried about a rebound after the rapid profit period, unless there is an operational error on the part of the Galaxy Fund itself, otherwise there is no situation where profits will be returned.
However, more than 50 days after the crisis broke out, the share prices of many banks have fallen almost to the bottom.
Bright Fund has already begun to secretly buy the stocks of Barclays Bank and HSBC Holdings.
Standard Chartered Bank is also buying the shares of Standard Bank of South Africa, trying to complete its absolute control of Africa's largest commercial bank.
October 6th.
Two major events affecting everyone in Hong Kong occurred on this day.
The first was the announcement of the official implementation of the new Hong Kong Securities and Futures Ordinance and the Securities and Futures Commission Ordinance (SFC Ordinance).
The second was the official establishment of the Hong Kong SFC!
On this day, the entire capital market and investors cheered.
Global TV and major newspapers provided extremely detailed analyses of these two events, which can be summed up in one sentence: Hong Kong's financial market already has a very sound institutional foundation, and Hong Kong's financial market has a bright future!
With the institutional issues resolved, investors and practitioners did not forget the most important thing.
That is the official merger of the four major exchanges and the opening of the joint stock exchange.
And the time is, just next week!
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