章節 1477: Chapter 1477: Planning the Island Shinkansen
After finishing two cups of tea, Huo Jianning finally saw Xia Yu finish reading the information.
He couldn't help but say, 'Chairman, the think tank team on the island side has relatively big differences regarding the island's railway reform. After I got the information, I submitted it directly to you, and I haven't given it to the think tank to study for the time being.'
He had also read this information on the way here.
It was precisely because he had read it that Fok Kin-ning was unable to make a judgment.
After all, the colossus that was the island nation's national railway was truly extraordinary, so extraordinary that it was both enviable and unapproachable.
Just by looking at the chairman Xia Yu's appearance, it seemed that he had made up his mind to intervene in an instant.
Xia Yu tilted his head slightly and looked at the somewhat entangled Fok Kin-ning, smiling and saying, 'Do you feel that the island nation's national railway has too much debt? Can't see the light at the end of the tunnel?'
Fok Kin-ning nodded vigorously: 'Yes, a total debt of 37.1 trillion yen is indeed too much.'
What is the concept of 37.1 trillion yen in debt?
Before the Plaza Accord was signed in 1985, the exchange rate of the US dollar to the Japanese yen fluctuated around 250 yen to the dollar.
According to this exchange rate, the debt converted into US dollars was about 148.4 billion US dollars. More than a year after the Plaza Accord was signed, the yen had appreciated significantly.
The exchange rate of the US dollar to the Japanese yen has reached around 145 yen to the dollar.
According to this exchange rate, the debt converted to US dollars is a staggering 255.8 billion US dollars!
If this debt were dumped in Latin America and turned into the national debt of Latin American countries, it would absolutely blow up a bunch of countries.
And this is only the debt of the national railway company of an island country!
So even though Fok Kin-ning knew that Xia Yu was wealthy, he was still quite cautious when he saw this huge debt.
'And Chairman, the island nation's national railway has been operating at a loss since the first Shinkansen was built in 1964. It's been twenty years now, and prices have gone up fifteen times in the meantime. The Shinkansen no longer has any advantage over civil aviation in terms of price, so passenger traffic has been declining.'
'So even if the island nation's national railway is privatised, it will still be extremely difficult to operate, and the risk of recouping the investment is very high.'
Fok Kin-ning couldn't help but voice his other concerns.
'Heh heh,'
Xia Yu laughed lightly and said without haste, 'Jianing, you are right to consider this. The debt is truly staggering.'
'But you have to think about it. If this debt is still inherited by the railway company after the split, then no one will dare to take it over.'
'Therefore, this large debt of 37.1 trillion yen must be split up multiple times, and the bulk of it will ultimately be passed on to the island government and spread among all islanders.'
'As for how to apportion it without causing resistance from the island's people, that's a different matter.'
'In short, this won't be difficult for the conglomerates, nor for us.'
'What we have to do is grab the best railway company after the split and take on less debt.'
'The lines in the three major metropolitan areas in the prosperous areas will definitely be profitable, and the Shinkansen in the regions of Hokkaido, Shikoku, and Kyushu will definitely be money-losers. Even without debt, it will be difficult to operate...'
The Shinkansen in the island country was the world's first commercial high-speed railway. It has very strong technical capabilities and has held the title of world's number one for many years. Even in later generations, it is still among the world's top three.
Therefore, Xia Yu has a lot of knowledge about the Shinkansen in the island country.
He knows that the JNR, the giant, was divided into eleven companies in its previous life.
They are the six passenger companies of East Japan, Tokai, West Japan, Hokkaido, Shikoku and Kyushu, as well as the five companies of the National Freight Company, Railway Communications Company, Railway Information System Company, Comprehensive Railway Technology Research Institute and Shinkansen Passenger Railway Holding Agency, which is responsible for handling debts.
Among the six passenger companies:
The three freight companies of East Japan, Tokai and West Japan are known as the Honshu Sansha.
The three passenger companies of Hokkaido, Shikoku and Kyushu are known as the Mishima Kaisha.
The three Honshu companies cover the Tokyo metropolitan area, the Osaka metropolitan area and the Nagoya metropolitan area, radiating outwards from these three metropolitan areas. Because of the large passenger flow and the expensive land they occupy, they turned profitable within a few years of privatisation and easily made a profit of 100 billion yen.
On the contrary, the Mishima companies have a completely miserable history.
In fact:
Railways are a business that can only make money in densely populated areas. In sparsely populated areas, construction and maintenance costs are high, but revenue is low, making it difficult to make a profit.
Just like in modern-day China, most high-speed railway and subway lines are loss-making, and are supported entirely by the state. Most of these lines are not meant to make money at all, but rather to serve national economic and political considerations.
But for Xia Yu, the politics and livelihood of the island country were none of his business.
He just needed a railway company to enhance the strength and influence of his consortium.
Fok Kin-ning understood, and after thinking for a moment, he said, 'So Chairman, do we need to directly participate in the design of the plan to divide the national railway of the island country?'
Xia Yu nodded immediately: 'Of course we need to. You can just arrange it. With our influence in the island country, it won't be difficult to get the biggest piece of the cake!'
'Show me the results regularly from now on.'
'Understood!'
Subsequently, Fok Kin-ning left with Xia Yu's instructions.
...
On the European continent.
The attacks by various major consortia on the Rothschild consortium and its allies were in full swing.
Of course, this 'full swing' only describes the huge scale of the commercial and economic war, with many small battles.
But in reality.
The war could be said to be overwhelming.
Even in the heyday of the Rothschild consortium in the past two years, just one of the Morgan or Rockefeller consortia alone was able to take it on, and the Rothschild consortium had to rely on some local advantages to ensure that it did not lose.
Among the attacking consortia this time, the Rockefeller, Morgan, Mellon, Sumitomo and Jiuding consortia, each of which is considered to be among the world's top.
And there are also a bunch of international hot money following the wind and taking advantage of the situation.
As a result, the attacking side is extremely powerful.
As for the defending side, not long ago, it suffered a major setback in the Hong Kong capital market, which caused serious damage to each of its strengths.
As a result, the attackers were reaping new gains every minute.
Because only the very best companies would be of interest to the hunters, and excellent companies were the mainstay of stock markets around the world.
So soon, the stock markets of various countries became a mess, with no rules to speak of. The major authoritative securities analysis institutions were unable to analyse the correct trend.
The drastic fluctuations in the stock market also had a significant impact on the foreign exchange market and futures market.
The three markets also influenced each other, completely confusing the entire capital market.
Transactions are taking place every minute, and the existence of countless shell companies means that equity information and position information cannot be grasped.
In just two days!
Bright Fund has acquired stakes in a bunch of companies of all kinds.
The most conspicuous of these is a 24.18% stake in National Westminster Bank and a 19.27% stake in Anglo American.
And after two days of urgent communication and contact, the Rothschild family finally made a difference...
每周推薦票狀態
-- 推薦票
榜單 
-- 推薦票