The Rebirth of the Financial Hegemon

v3 Chapter 11: Differences between countries and chaebo

Japan, Tokyo.

Sumitomo Trading Corporation headquarters.

In the president's office, Binzhong Tainan knelt on the ground in despair.

In front of him stood Sumitomo President Koichi Akisui.

Japan's chaebols can be passed down for hundreds of years, largely because of the adopted son inheritance system.

In Japan, the system of adopting children has existed since ancient times, from the royal family to the commoners.

The adopted son system reached its peak in the Wu family era. Maintaining the continuity of the family and the continuity of family management is an important purpose of this system.

The uniqueness of Japan's adopted child system is that even if a family has children, there are often adopted children of the opposite **** and adopted children of the son-in-law.

This feature enables the Japanese family to seek better development as an interest group instead of being bound by blood.

For example, Takayuki Kido, one of the three great heroes of the Meiji Restoration, Ito Hirobumi, the first Prime Minister of the Cabinet, and Hideki Yukawa, the Nobel Prize winner in physics, are all adopted sons.

Qiushui Hongyi is also an adopted son.

But under Japan's adopted child system, he is still Sumitomo's top talker.

"Clap..."

Qiushui Hongyi's face was full of anger, and he slapped Tainan Binzhong's face left and right to start work.

"Baga, do you know what kind of crisis Sumitomo has fallen into because of your stupidity? How much has Sumitomo suffered because of your stupidity. Binzhong Tainan, I am very disappointed in you."

"I'm sorry President...I..."

Binzhongtaimen's face was full of fear.

This time, he cost Sumitomo billions of dollars.

If it was in the period of the Samurai era, he would have to cut his belly to commit suicide.

"Clap..."

After a few more slaps, Qiushui Hongyi seemed tired.

He didn't want to look at Bin Zhongtai man again, and kicked Bin Zhongtai man to the ground.

"You've been fired now, wait for your punishment."

On the same day, Sumitomo Trading Company President Aki Shui Koichi announced that Sumitomo Chief Trader Binzhong Tainan participated in copper futures trading without authorization, causing a huge loss of US$4 billion for Sumitomo Belt.

Then, Binzhong Tainan was sentenced to seven years in prison for trying to hide more than $2.6 billion in damages.

As soon as this news was announced, it immediately caused a big wave of rendering in the world.

Countless people are guessing who Sumitomo's opponent is.

Futures trading is a zero-sum transaction, someone loses and someone wins.

Sumitomo lost such a large amount of money, so who did Sumitomo's huge loss money go to?

For a time, there was a lot of discussion in the global financial community.

This is not a general business curiosity, but the whereabouts of these funds to some extent determine who will play a greater role in the copper futures market in the future.

Soon, the major traders on the London Copper were exposed by those with a heart.

There are some international funds that are shorting in international copper futures, including major financial players in the United States.

Soros's Quantum Fund, world-famous for "defeating" the British government in the 1980s pound crisis, as well as Robinson's Tiger Fund, Canadian billionaire Black and at least one well-known European metals trader.

No one knows who broke the news.

But the financial market holds huge wealth, and it is difficult to really hide secrets under the huge wealth.

For now, some traders believe the funds have more or less control over the bigger picture. But how much they profited from the turmoil, and what effect it could have on copper prices, remained little known.

The news is getting louder.

Conspiracy theories, sniping theories, and global capital's joint sniping at Sumitomo have made the fund managers who have been exposed have been devastated.

New York, USA.

Quantum Fund headquarters.

Soros wasn't at all excited about making a ton of money.

In Soros' position, he deeply understands how terrifying an ancient chaebol like Sumitomo is.

If this matter is not handled well, he will face Sumitomo's endless assassination.

The Sword of the Son of Heaven can't do anything about assassination.

Sniping at a country in the financial market and sniping at a chaebol are two completely different concepts.

A country is built on credibility and faith.

When a country liberalizes its financial markets, it is bound to meet various challenges.

Either win or lose.

It is impossible to do shameful things because of failure and financial loss.

No country can afford such consequences.

But a chaebol is different.

The chaebols are in the hands of individuals.

A country will have no joy, sorrow or joy because it takes care of the overall situation, and even because its interests can turn enemies into friends again.

In history, it is common for countries to turn enemies into friends.

But individuals and corporations are different.

Individuals have all kinds of emotions, grievances and hatreds.

Under the interests and the overall situation, the country has never really killed the war to the death or the death.

But individuals may be blinded by hatred and recklessly kill to vent their anger.

This time Sumitomo suffered a huge loss in London Copper, and even Sumitomo's net worth would be very painful.

Presumably all of Sumitomo's executives wanted to kill each other.

In this case, how can Soros get excited.

At his level, he deeply understands how terrifying the century-old chaebols are.

He didn't want to face the endless assassinations of the dead in Japan at all.

Soros was deeply troubled by the inexplicable spread of the news.

After all, it is better to be careful against the rich and powerful Sumitomo consortium, and don't make a sound when you make money.

Soros doesn't know who is so immoral to do such a meaningless bastard.

After thinking for a long time, Soros made a decision.

He has to communicate his own meaning.

"Kevin, go and make a statement for me to convey that I am not an enemy of Sumitomo."

Kevin, full name Kevin Johnson.

He is the face of Soros in front of the media.

Johnson didn't understand why his boss would be nervous about a Japanese consortium. You must know that the Quantum Fund led by Soros made all the heads of European countries fear.

When the Quantum Fund attacked the currencies of various countries, it was attacking the central governments of various countries.

But the Quantum Fund has never explained it.

And now, Soros actually asked him to explain to a Japanese consortium.

Kevin wondered ~lightnovelpub.net~ Is Sumitomo really so scary? "

"No, it's not that Sumitomo is terrible. Kevin, you don't understand the old-fashioned Japanese people. We have cost Sumitomo billions of dollars this time, and they will definitely be angry. Now, just do what I want. ."

Kevin Johnson did not dare to argue.

At the Quantum Fund, Soros has supreme authority.

On the same day, the famous Wall Street hedge fund Quantum Fund held a press conference in New York.

Soros spokesman Kevin Johnson strongly refuted the recent global news.

Kevin Johnson said.

Soros has stayed in the United States and has not been involved in the London copper futures market, and the Quantum Fund has no business dealings with Binzhongtainan.

(=)