Chapter 915: Chinese Debt

1996 was destined to be a year of unrest, with the world situation turbulent and the economic situation turbulent.

The negotiations on China's becoming the founding nation have finally come to an end, and the door of the international market has officially opened to China's productive forces amid the clamor at home and abroad.

Although the Americans are clamoring for another exercise, this time they should send two twin aircraft carrier formations to mobilize the US forces stationed in Japan and the Frog Island military forces from the east and south directions, and "give the old communists a ruthless blow!"

Yet, no matter how irritable the Pentagon was, Congress was silent.

For no other reason, the world has opened its doors to China, and China has opened its doors to the world.

At this time, no matter how loud the mouth shouts, the flow of capital will never deceive.

China's becoming the founding country can be said to have opened up a fast lane for international capital to invest in China. Domestic enterprises have ushered in a period of rapid growth, while worrying about the "wolf" abroad, while making money in fear.

However, the companies struggling in the new market environment do not know that these capital coming to China are also terrified.

On Wall Street, Lehman Brothers, as a giant in the financial market, is undoubtedly one of the backbones of the American financial community.

Lehman President Fulton has been working in the company for the past few days, staying in the office even at night, and several company executives are holding secret meetings with him at any time.

Nowadays, the U.S. stock market is in full swing, and it is embarrassing to say hello to people if it does not rise to the circuit breaker every day. Lehman Brothers has just emerged from a crisis of funding shortages, but it has made great strides in its business. Especially in Asia, Lehman has developed its channels and capital, not only with offices in Tokyo, Bangkok, Seoul, but also recently in China!

The Imperial Capital Office did a very good job, and Lehman Brothers received several large transactions in succession. This includes CCB's first private placement of Chinese overseas corporate bonds, as well as becoming the lead underwriter of Huaneng's New York listing.

Huaneng's business alone has a scale of more than one billion US dollars, and it is conservatively estimated that Lehman Brothers has earned no less than 100 million.

Lehman Brothers, who had eaten the sweetness in China, now set their sights on a new prey. If it can win this project, Lehman Brothers will definitely establish a dominant position in the development of China's financial market on Wall Street in one fell swoop.

This project is the bond issuance business of China Development Bank in the United States.

As China's policy bank, CDB is able to issue bonds in the United States, which will surely detonate a boom among Wall Street investors. But whether to win the project, Lehman Brothers has a bit of a hard time deciding.

"The accounting department came out of the project accounting, and after evaluating a variety of factors - in fact, we were just letting the news out, and many customers were already calling and asking when we would be able to buy the bond. ”

Lawrence, head of Greater China in the investment department, picked up a thick stack of papers and placed them on Fulton's desk.

Don't think that such a thick stack of documents is just a decoration, and now in the Fulton office, each of these people in charge must know the numbers well.

"After the accounting department's accounting, if we can get CDB's bond issuance business, we can not only make a profit through the sale of bonds, but also package and restructure CDB's bonds with other financial businesses in Greater China, and use multi-level loans and financial instruments to amplify the profitability of the entire business tenfold. The combined asset package can focus on the concept of Greater China, and now China-themed products are quite popular......"

At this time, Fulton had long since lost the panache of the financial elite, with red eyes, bird's nest-like issuance, and a piece of ketchup on a white shirt, looking no different from the homeless people in the alley behind Wall Street.

In order to win the business of CDB, the entire Lehman Brothers senior management is actually no different from Fulton's state at this time.

"Don't talk about that, tell us, how much profit can this business bring us?"

"Two billion dollars. ”

Before Lawrence's words fell, there was a sudden sound of gnashing of teeth in the office.

Two billion dollars in half a year, this is the reality after China opened its door, which is why after the incident in the East China Sea, there are no more aircraft carrier formations in the South China Sea and the East China Sea, and why Congress will hold down the first-class people who have been severely humiliated.

Of course, if there is no incident in the East China Sea, I am afraid that two billion will be more than two billion. Maybe two billion won't be tens of billions of bonds, and maybe we need to pay more to get this ticket to the international market.

In fact, there may never be a period of strategic opportunity, and people are eager to kill you from beginning to end. If we weren't tough enough, if we hadn't chosen the right strategy, the so-called 911, the so-called Afghanistan, the Taliban, and Iraq would not have been the reason to stop others from extending their black hands. If you want to kill you, is it because you were knocked down a building, but you won't do it?

If we fight Iraq and the Taliban, won't we be able to fight you? Compared with these external factors, China's period of strategic opportunity may not be because others do not want to mess with us, but because they can't get rid of us.

"By raising 10 billion bonds for CDB, we can make a profit of two billion dollars. This is not the end of the story, if the bond issuance goes well, we will be able to get a business of this size almost every six months. ”

"CDB is just the beginning, if this business is successfully entered the Chinese banking market, there are still eight ...... in China for banks that are larger than CDB"22 Literature Network

"Gentlemen, this will be the most exciting news since we went public!"

Although Lawrence's words were said by a group of Lehman Brothers executives with red eyes and thick necks, Fulton's expression did not relax.

"It's all on the bright side, but things can't be risk-free. ”

Fulton let out a sigh of relief, loosened the tie hanging around his neck, and asked with a glare, "Where is our biggest trouble, Lawrence, you don't know it, right? ”

"Yes, CDB is not just a policy bank in China, it also has a large stake in that person. ”

Fulton's reminder sobered up almost all the executives, and it seemed that no amount of profit could compare to the unspeakable name.

"That person's influence is the biggest uncertaintie. If our actions are perceived as infuriating him, the consequences will be devastating......"

"Isn't this?" Lehman Brothers' chief financial officer, Karan, said with a pale face, "After all, this is to raise funds for CDB to issue bonds, why is he angry?"

Unlike Karan, who only has numbers in his eyes, COO Sef Gregory is more sober about how Wall Street works, and retorts sternly: "We're taking money from his pocket, have you ever heard of anyone who can make money on him?"

"Don't forget, this man has caused several stock market crashes!"

As soon as the word stock market crash came out, the office was suddenly silent.

"We have to confirm the attitude of this person. ”

After all, Fulton was the brain of Lehman Brothers, and he still kept his sanity at this time: "At least we have to determine what this man is doing now!"

"But although we entered the Chinese market, the information of that person is obviously a high-level secret of China. ”

Lawrence, as the head of Greater China, obviously has the most say in this, but even he is at a loss.

"We've mobilized all our forces to get to the bottom of that person. However, it is a pity that no matter what conditions we come up with in all channels, as long as that person is involved, they will not even hesitate to turn their faces in the end, and they dare not say a word more. ”

"Damn, it's opaque! China should reform this!"

"It's useless to say this, how can you be sure ......"

As Fulton spoke, the door to his office was suddenly pushed open. A young man who looked bookish and angry gasped and said intermittently, "Mr. President...... Yes...... There's news!"

"What's the news?"

"That man, that man appeared, and we found his latest movements!"

Fulton suddenly stood up, glared at him, and asked, "Where is he, what is he doing, what did he say?"

"TV, China, Hainan TV. ”

In order to get news from China, Lehman Brothers turned out to have a special person staring at all the TV stations in China 24 hours a day?

It is said that Americans do not understand China, but in fact, the United States does not lack real China experts. It's just that the bottom layer of unilateral acceptance of information knows nothing about China, and the information obtained is the situation after others chew and process.

Although the world has entered the information age, it seems that Chinese Internet users and Internet users in the United States and other countries around the world are all on the same network. But in reality, the so-called Internet is nothing more than a huge local area network. It's just that it's not the gateway and the network cable that separate this network, but the language.

Decades of English education in China have allowed Chinese to generally be able to read at least simple English, and it is not difficult to understand with the English website on the translation software. Even if it is a long story, there is no shortage of proficient English netizens to translate.

But conversely, how many people in Europe and the United States can understand Chinese and understand Chinese? Even if translation software is used, can people in Europe and the United States access the Chinese Internet? How many long-form Chinese content has been translated into English? How many oil turtles are doing Chinese transportation? And how many Chinese operation numbers are transporting English content?

English-speaking countries are without walls, but the vast majority of them just like cannot access the Chinese Internet.

From this point of view, China is indeed fighting an asymmetric war without GFW. If people can openly slander you on the English Internet, your Internet users will inevitably be affected. But you fight back on the Chinese network, most people on the other side can't understand it, and it has no impact.

Of course, this is just an angle and does not change the fact that GFW is a piece of.