Chapter 246: Goldman Sachs' Vision
Temporarily leaving Zhang Zehong to control the situation in the Far East, Qi Zheng returned to China first. Look.Mao.Line.Chinese.Text.Net
Back at the group headquarters, Wang Yuye reported the relevant situation to Qi Zheng as soon as possible - Goldman Sachs found Jiagu.
"What did Goldman Sachs like about us?" Qi Zheng said in a bad tone.
That's Goldman Sachs, the oldest and most powerful investment bank in the world!
From the groom store to today's Wall Street tycoons, from an employee in a basement to a shadow controller of trillions of dollars in assets today, Goldman Sachs can be said to have reached the pinnacle of global finance after countless ups and downs, and more than a century of blood-soaked journey.
What is the biggest skill of these big investment banks? Create bubbles and detonate bubbles!
So Jiagu was targeted by Goldman Sachs, and Qi Zheng didn't know whether it was a good thing or a bad thing.
"I fell in love with Jiagu agriculture and animal husbandry, to be precise, I fell in love with the pig farm of Jiagu agriculture and animal husbandry. Wang Yuye said calmly.
Qi Zheng was a little surprised for a while.
Pig farming is linked to the name of Goldman Sachs, which really makes people feel incompatible.
Wang Yuye saw Qi Zheng's doubts and took the initiative to explain: "The Strategy Department has investigated clearly, and Goldman Sachs is very interested in China's pig industry. In recent years, it has increased related investment, and as early as 04 years, Goldman Sachs entered the pig industry through Yurun Group, which invested in the pork downstream processing industry......"
China's pig industry has a long history, and Chinese people have a soft spot for pork, and pork even accounts for 10 of CI (China's Consumer Price Index), and Goldman Sachs also sees this.
Compared with those foreign investment institutions that have made great efforts in China, Goldman Sachs' entry into the domestic investment market has been quiet and has easily completed its investment layout in the domestic market.
If it hadn't come to the door, Jiagu really didn't notice this special player in the pig breeding industry for a while.
This year, Goldman Sachs made a decisive move again and acquired Shuanghui Group, a pork processing plant that is also downstream. See 1 wool 3 Chinese network For the pig industry, risk avoidance can be achieved by maximizing the controllability of each link in the industrial chain and the value of products. Goldman Sachs started with the meat processing enterprises with Shuanghui and Yurun, supported by sales channels and brands, so as to form an industrial chain integration from pig breeding to pig slaughtering and processing. ”
"Looking at our pig farm, it is probably the beginning of the upstream layout of the pig industry. Wang Yuye analyzed.
Qi Zheng pondered for a while, then raised his head and said, "The person who comes is a guest, wait until I meet the representative of Goldman Sachs first." ”
......
The representative of Goldman Sachs is a personable middle-aged man.
Hu Zhili is the general manager of the East Asia branch of Goldman Sachs' investment banking department, and it can be seen from his identity that Goldman Sachs has great expectations for Jiagu.
"I've admired Goldman Sachs for a long time, Mr. Hu. When Qi Zheng shook hands with Hu Zhili, he said with "admiration".
Hu Zhili smiled lightly: "Then I hope we can reach a cooperation this time!"
Facing his snake-beating stick, Qi Zheng laughed.
After sitting down, Qi Zheng got straight to the point: "Now that domestic pork prices are in a downturn, Goldman Sachs has increased its investment in the pig industry, is it smelling the breath of market recovery?"
Hu Zhili said unhurriedly: "Doesn't Mr. Qi think so? The scale of pig breeding in Jiagu Agriculture and Animal Husbandry has been expanding, and even during the downturn of the past two years, it has not stopped. ”
Qi Zheng smiled but said nothing.
Hu Zhili was unimpressed and continued: "In China, the breeding industry represented by pigs is very special, and it is raised by thousands of households. However, according to the experience of developed countries such as the United States, market share concentration is the general trend. As a trillion-dollar industry, there are often oligarchs, and at present, there is no enterprise in the domestic pig industry that can dominate one side, which is an investment opportunity in Goldman Sachs' view. ”
Qi Zheng felt that he had heard a friend's evaluation of Goldman Sachs, which was simply appropriate.
The friend said that Goldman Sachs is like a hungry eagle on the entire economic map, and its perspective is particularly keen, and it does not miss any opportunity to capture profits. Wherever there is an opportunity on the whole world map, it will immediately rush to snipe at this country or this industry.
Prior to this, many international capitals were optimistic about the prospects of the domestic agricultural industry, and it has become an open secret in the industry or investment circles through direct or indirect means.
From next year, the carnival of the domestic pig market is about to begin. Goldman Sachs, who has a keen sense of smell, immediately increased its investment in the domestic pig market and entered domestic enterprises related to pig breeding such as Yurun and Shuanghui. This sense of smell, Qi Zheng has to admire.
Qi Zheng said: "I was just a little surprised. In the entire pig industry chain, there are about eight or nine industrial chains from the optimization and reproduction of breeding pigs to the fattening and feeding of pigs, from feed production to slaughtering and processing of slaughtered pigs, as well as freezing and transportation. But in these industrial chains, the highest probability of loss is pig farming. ”
"I can understand Goldman Sachs' investment in downstream companies such as Yurun and Shuanghui, but the risk of pig breeding is unpredictable, I don't understand how you can take a fancy to Jiagu agriculture and animal husbandry?"
Hu Zhili smiled, and he said calmly: "Because of the integrated model of self-breeding and self-rearing adopted by Jiagu agriculture and animal husbandry!"
"As far as I know, the pig breeding of Jiagu Agriculture and Animal Husbandry has achieved the controllability of the whole industrial chain from upstream breeding and feed, to midstream multiplication, epidemic prevention, fattening, and then to downstream slaughtering and sales. ”
"Resource-intensive factory agriculture is the way of the future. In developed areas of Europe and the United States, enterprises with an integrated model of self-breeding and self-rearing account for more than half of the industry. ”
"The advantage of this production model is that the technology can be more advanced and efficient, and the cost advantage is more obvious, which is conducive to the rapid development of enterprises, but the challenge is that the capital investment requirements are relatively high, and the need for a more mature and efficient enterprise management model. That's why I'm here. ”
Qi Zheng: "What do you mean ......?"
"Goldman Sachs is willing to provide a huge amount of money needed for the development of agriculture and animal husbandry in Jiagu!" Hu Zhili said in a gentle but firm tone.
Qi Zheng shook his head and said: "Jiagu is not short of development funds!"
Hu Zhili smiled slightly: "No enterprise will not lack development funds, especially agricultural enterprises. Jiagu's stall is not small, not to mention anything else, that is, the 10,000-head pasture planning of Jiagu agriculture and animal husbandry, which requires a huge amount of capital investment. Even with bank loans, Jiagu Group's financial pressure is definitely not small. ”
"Of course, I know that Jiagu Group has overseas investment funds with amazing returns, but it is not a stable financing channel after all. Opening up external financing in a timely manner will undoubtedly speed up the development of agriculture and animal husbandry in Jiagu. ”
Qi Zhengmian did not change his face, and he was not surprised that Goldman Sachs was able to investigate the group's assassin hedge fund. In fact, these large investment banks have their own intelligence departments, and their research capabilities are amazing, and their ability to collect, process, and analyze information is beyond imagination. A large investment bank's ability to process economic information far exceeds the level of an average country.
Hu Zhili continued: "Of course, if Mr. Qi can agree to other subsidiaries of Jiagu to also raise funds externally, I believe that Jiagu's financial pressure will no longer exist. ”
Qi Zheng shook his head and said: "Other subsidiaries are no longer in the scope of today's discussion, and they don't need external financing." ”
Hu Zhili saw that Qi Zheng's attitude was very resolute, and he felt regretful in his heart.
A number of industrial companies in the Jiagu system, such as Jiagu Dairy, Qingyuan Beer, and Jiagu Grains and Oils, are all fakes in Goldman Sachs' ratings, and if Qi Zheng opens financing for them, Goldman Sachs will definitely be the first to pounce.
But for now, it's better to start Jiagu farming and animal husbandry first.
"Goldman Sachs intends to take a stake in Jiagu Agriculture and Animal Husbandry, and you can offer conditions. ”
Qi Zheng was like a stubborn child who was protecting the toys in his hand, and still shook his head and said, "Jiagu Agriculture and Animal Husbandry does not accept shares!"
Hu Zhili did not get angry, after all, he was rejected in the first round of contact with Wang Yuye.
This time he came prepared.
"Mr. Qi, don't be in a hurry to refuse, since you don't accept direct shares, we might as well sign a VAM agreement......