The journey of harvesting positions for large-scale short positions is coming to an end.

Lehman Brothers, which collapsed with a bang, in the wreckage left behind, Hong Kong's Yongxiang Bank brazenly took over most of Lehman Brothers' business with a relatively higher bid.

With the help of this transaction, Yongxiang Bank, which was originally only deeply involved in the Asian financial circle, entered the North American financial circle in one fell swoop.

Although the wreckage of Lehman Brothers has been torn to the ground, it is no longer the glorious moment of the five major investment banks in North America.

But Liu Ruoyi doesn't care at all, what she cares about is this bankruptcy reorganization, losing most of the debt burden in the shell of the hidden investment banking business network in North America and even the world.

With the help of Zhongping Insurance, which has become one of the top issuers of overseas listings of mainland enterprises, Yongxiang Securities, together with ICBC and Xinglong Securities, has made the listing business of mainland enterprises prosperous.

In 2005, 2006 and 2007, Winway Securities participated in the H-share listings of the four major banks in the mainland, helping to raise more than US$20 billion.

In the process of share reform, Yongxiang Securities, which was deeply involved, obviously gained a lot, and was originally the top five investment banks in North America and the three major investment banks in Europe.

Coupled with the reform of urban commercial banks in the mainland, Yongxiang Bank has participated in more than 10 urban commercial banks in first- and second-tier cities, basically according to the standard of nearly 20% of the top price, and then swap the outlets of the access business, for these urban commercial banks Yongxiang Bank is a relief in the snow.

However, in this way, Yongxiang is a bit of a wooden-looking figure in the financial circles of the mainland, and some people are already worried that the expansion of Yongxiang Bank has begun to be strongly hindered, which is manifested in the contact with new city commercial banks, and there are beginning to be off-market factors to interfere with the negotiation process.

The shell of Lehman Brothers came at the right time, and after the annexation of Yongxiang, Lehman Brothers was still an independently operated American-funded shell, and for some people with strong U.S.-funded circumstances, it is obvious that some business is done with Lehman Brothers, which is better than directly to Yongxiang.

Liu Ruoyi has been an investment bank for ten years, mixed with top investment banks, of course, she knows the thoughts of some people in the mainland, although she is helpless, but she can't reverse this view.

Fortunately, she is not a pedantic person, and if she can't change, she will find a way to adapt, and the collapsed Lehman Brothers is one of her best targets, in fact, Liu Ruoyi has been eyeing him since the beginning of the crisis.

However, in the previous massive operation to save Lehman Brothers, Liu Ruoyi has been silent and does not participate at all.

With so many unbearable debts of Lehman Brothers, Liu Ruoyi already knew the end: no one can save the greedy Lehman Brothers, and neither can the Federal Reserve!

So Liu Ruoyi patiently waited for Lehman Brothers' complete death, and then fought on the wreckage in one fell swoop, taking down the wreckage after Lehman Brothers' debt waiver at a premium ten percent higher than others, giving hope to the tens of thousands of staff members.

In one fell swoop, it has the real network and foundation of a world-class investment bank.

This is what Liu Ruoyi lacks the most at the moment, funds, and the accumulated income after she has now completely cleared her position has become a frightening and amazing data.

It's just that Liu Ruoyi hid these under the names of offshore investment companies, and it seems that there is no direct connection with Liu Ruoyi.

However, through the complicated design of the investment network, Liu Ruoyi can now use more than 150 billion US dollars.

These are purely liquid financial assets that do not include the equity value of investments in businesses!

With such a large amount of private available capital, coupled with the current bank capital of more than one trillion yuan of Yongxiang Bank, Liu Ruoyi has the confidence to compete with any investment bank.

Unless the power of the state is mobilized, no one can easily overthrow Liu Ruoyi's financial empire.

The title of the financial queen of Xiangjiang is to be precise, and now it will become the financial queen of the world.

Even though Liu Ruoyi maintained a very low-key action, Lehman Brothers after Yongxiang's merger and acquisition of Lehman Brothers still made the financial world feel a new atmosphere that had not been seen for a long time.

Orient Capital became the first top investment bank in North America, which made top media such as "The New York Times", "Time" and "Wall Street Journal" very hyped for a while, but no matter how they enlarged it, they could not find any connection between Liu Ruoyi's Yongxiang Securities and mainland capital.

This is a local investment bank in Hong Kong with a net worth, and now its business has expanded to the whole of Asia, so even if the media wants to make some articles, they can only sigh in the end, and the Wonder Girl of Hong Kong has made history again.

"Time", which pays more attention to eyeballs, took the lead in turning the rudder to send an interview request to Liu Ruoyi's team, preparing to let Liu Ruoyi be on the cover of "Time"!

This is the real identification of the world-class figures, although Liu Ruoyi doesn't want to be in the limelight anymore, but the people under him are excitedly encouraged.

Liang Baiheng is the most practical: this is the best advertisement for Yongxiang Bank and the reborn Lehman Brothers.

Benefit without cost.

Liu Ruoyi had to accept these suggestions from the people below and proudly appeared on the cover of the last issue of "Time" in 2008.

With her performance, the acquisition of Lehman Brothers alone is enough to blow it for a lifetime, so being selected as the cover character of "Time" is just a natural coronation.

Although Liu Ruoyi herself does not attach importance to these, some domestic media have found a new "high point" and still regard this as a phased breakthrough in the mainland's cause.

Since the performance of the local tyrants in Xiangjiang, Liu Ruoyi from the mainland was born, overpowering the local tyrants in Xiangjiang and becoming the new leader of the financial industry in the Chinese circle!

In contrast, the acquisition of Marvel by Aurora Entertainment in North America has become a trivial matter, except for a little attention from the Xiangjiang entertainment industry, in fact, it is ATV's own theme to be hyped as a topic on variety shows.

The overlord of the entertainment industry has been transposed, but the title of entertainment czar fell on Zhao Shaodong's head.

And the Asian mining king fell to Chu Luo.

In addition, the current Asian financial queen, if someone carefully looks for the equity structure of these companies and cleans them out of the complicated related party transactions, they will be shocked to find that it is not someone else who occupies the core control position, all of them are Liu Ruoyi!

Not only that, but also the mainland Internet, the three pillar Internet companies that are currently in the limelight, such as Netju, Ahri and Penguin, are now held by individual shareholders, and Liu Ruoyi occupies a pivotal position in them.

If you want to choose a king of the Internet, if this crown is to be deserved, it is likely to fall on the top of Liu Ruoyi's head.

It's a pity that everyone won't dig deeper, what they see is Ding Shi, whose market value has now exceeded 100 billion, and the king of the Internet in the mainland is now Ding Shi, who is proud of the spring breeze!

The development of penguins is still inferior in comparison, of course, as they cut into large-scale online games, just like the original time and space, the game field has formed a situation where penguins and online gatherings compete for hegemony.

Hundreds of other game developers and operators are just a dispensable shadow in this game.

It can be said that in the fields that Liu Ruoyi has set foot in, he has basically won a big victory.

Of course, the Aurora Cinema Line is still in the pit, struggling, and the financial crisis in 2008 has caused the real estate to drop a lot, and this Aurora Cinema has become the industry's only investment Waterloo for Liu Ruoyi.

It's just that with the continuous blood transfusion of Aurora Media and Liu Ruoyi, the cinema facilities and services of 1,000 Aurora Cinemas have become more and more perfect, relying on the sales of movie peripherals, Aurora Cinemas has achieved more than 5 billion revenues, of which nearly half are from the surrounding sales.

Although Aurora Cinemas is still losing money due to heavy capital expenditure amortization, the situation has begun to gradually improve with the growth of the mainland box office.

From the tens of billions of yuan of capital that retreated from the stock market in 2007 and precipitated in the mainland, Liu Ruoyi invested nearly 10 billion yuan in Zhang Rujin's platform to Jinhai Zhongxin International to stabilize this bottomless pit of losses every year, and nearly 50 billion yuan of capital had to be turned into office buildings.

In the first-tier city of Liu Ruoyi, almost every building is collected, and in recent years, almost one-third of the new high-end office buildings have fallen into the hands of Liu Ruoyi's investment institutions.

Beijing CBD, financial circles, Xidan...

Gimhae's new CBD...

Hundreds of millions, more than a billion, more than two billion Lou Liu Ruoyi's acquisition team doesn't care about the current price at all, but only cares about whether the location is in the core area and whether the quality is trustworthy.

According to Liu Ruoyi's thoughts, no matter how expensive it is at this time, it is not as expensive as later.

What's more, now she doesn't need to get a loan at all, and directly replaces the cash funds in her hand, which makes the owner not have much confidence to sell at a high price in terms of price.

Now it is not only a disaster for international liquidity, but also many domestic real estate developers have been affected accordingly.

There are no eggs under the nest, and Liu Ruoyi's short-selling has won a big victory, but in this huge crisis, not many people can predict that this crisis will come so violently.

Before the Chinese New Year's Eve in 2008, the Munich-based memory giant Qimonda announced bankruptcy proceedings.

The news spread around the world in an instant.

Liu Ruoyi was originally going to leave for the mainland for the New Year, but after receiving the news, she immediately canceled the trip, and asked her subordinates to form an investment and acquisition team as soon as possible, ready to go to Munich, Germany.

However, although Liu Ruoyi has always been optimistic about this industry, she has no professionals in this area, so before leaving, she paid a special visit to Zhang Rujin.

"You want to buy Qimonda?" Zhang Rujin obviously didn't expect Liu Ruoyi to have this thought.

"The memory industry is now overcapacity, and the price of DRAM particles has not yet seen a downward trend from $2.25 to $0.31. At present, the price of this pellet has almost fallen below the cost of materials. ”

Zhang Rujin really knows the semiconductor industry well.

"It doesn't matter, it's a low tide now, so I have the opportunity to start, I think there will be a big market for mobile Internet in the future, storage is the most important component besides CPU, frankly speaking, compared to foundries, I am more optimistic about the future of memory." ”

Of course, Liu Ruoyi knows that the scale of the development of the mobile industry in the future is far from being comparable to what it is now, and the current mobile phone has just entered the intelligent era, there are not many applications, and the mobile phone camera is also unsatisfactory, so there is no urgent need for users to find the pursuit of greater memory.

But all this will change in the next decade, and mobile phones will replace today's computers.

"Well, for the trend, I may be old, the memory industry has been rotten by the Koreans, in fact, the current situation of memory has a lot to do with the deliberate expansion of production capacity by SS company. The memory manufacturers on the treasure island can't stand it, and several are selling asset support. ”

Zhang Rujin sighed and said. "What do you need me to do, Annie, just ask. ”

"I need a knowledgeable technical team to support my acquisition, evaluate and protect the other party's technology, and avoid the deliberate exclusion of core technology, what I need is their core technology. ”

"No problem, we were still doing memory processing before last year, and there are knowledgeable engineers in the factory in Jinhai, so I asked them to form a team to come and cooperate with you. Zhang Rujin agreed.

"In fact, the competition in the memory industry is particularly cruel, our 90nm process processing line has been involved in the 512Mbit particle foundry, but it is not the opponent of the 70nm process at all, if the acquisition is possible, I hope Annie You can sell the 70nm production line equipment of Qimonda's American factory to Jinhai Zhongxin International, let us re-enter the industry, and also greatly reduce your production costs." ”

Of course, Zhang Rujin will not let go of this kind of good opportunity, which is the second largest memory manufacturer, and it is also a big customer for Zhongxin International.

Don't think about the production capacity on the German side, the Germans will never give up the Saxony factory, and if Liu Ruoyi wants to buy it, he must agree to this to the other party.

The only difference is whether Liu Ruoyi will ask for some benefits according to this limit, such as government funding.

"No problem. Of course, Liu Ruoyi will not hesitate in this kind of thing.

The American people's jobs are gone, and it's none of her business.

If it is a R&D center, Liu Ruoyi may also have to consider whether it is necessary to continue to exist to support technical follow-up, as for a factory that has no technology to excavate, it is completely unnecessary.

Clement didn't expect someone to come to the door so quickly. As the president of a company under bankruptcy protection, Clement was exhausted for a long time.

Although the state of Saxony also reacted to Qimonda's request for help, it refused to make more concessions on the amount of subsidies, and they agreed to 300 million euros if it could keep more than 3,000 jobs at the Saxony plant.

But if it costs 600 million euros, then everyone needs to reconsider.

This is the most important point of contention between the two sides, and the point is that Clement does not see the time for the memory price to recover now, and 600 million euros is only the minimum standard for him to survive 3 years.

At the current price of making a loss, it is difficult to say whether 200 million euros a year can subsidize the big hole of loss.

The Koreans are too ruthless, and they continue to expand even if they have excess capacity, which is tantamount to further inserting a knife into the memory industry, and now everyone is bleeding to see who will survive longer.