In early August, AIG, with the help of financial adviser Goldman Sachs, called investors to bid for a 30% stake in AIA, which AIG hopes will sell for around $10 billion. In addition to the international consortiums of Canada and Italy, the only powerful ones left are China Life Insurance, China Ping An and Sixiang Fund. Although the state does not support the Sixiang Fund, it at least ensures that the funds of the Sixiang Fund can go abroad. However, now it seems that China Life and Ping An are still very taboo about Sixiang Fund's acquisition of AIA.

In this year's financial report, China Life achieved an operating income of 216.66 billion yuan and a net profit of 18.034 billion yuan in the first half of the year, while Ping An achieved an operating income of 96.980 billion yuan and a net profit of 9.866 billion yuan in the same period. These two companies are very strong, there is still a gap between them, the revenue scale of the Sixiang Fund is definitely not comparable to them, this year's market is not good, the profitability is not as good as these two companies, not to mention the cash flow, and the domestic giant insurance company compared with the cash flow, that is the brain-dead practice.

Since the beginning of 09, tens of billions of soft girl coins have been invested, and this investment has at least doubled so far. In addition, in addition to Zhou Shi's profits in Volkswagen, he also transferred a billion dollars of bonds in SMIC to the Sixiang Fund, although it also acquired Huiyuan juice, but the funds in the stock market were basically unchanged. Up to now, the funds in the stock market, including SAIC Lao Fengxiang, also have seven or eight billion soft sister coins. Grit your teeth and make up tens of billions of dollars. If you include the shares of companies that have not yet been publicly listed, such as Alibaba, Time and Guoke, the Four Elephants Fund could mobilize at least $20 billion. It should be worth more than $30 billion, almost the same as AIA. Of course, without disclosing detailed financial and equity data, the limit of funds that can be mobilized should be around $10 billion.

"If the price is right, I'm going to buy it. Zhou Shi replied to Gao Xiqing like this.

"Your offer ......," Gao Xiqing said abruptly

"It will never exceed $35 billion," Zhou Shi said insincerely, adding that the last Prudential acquisition of them could also use a combination of notes, shares and cash. But AIA is asking for pure cash payment this time, and the valuation of $35 billion may only appear in their dreams.

Gao Xiqing didn't ask much, and quickly hung up the phone. I don't know why, Zhou Shi felt from the beginning that the biggest obstacle to the acquisition of AIA would not be the financial problem. It seems that some people don't want AIA to be acquired, as if they can't get it, and they don't want anyone else to get it. The possibility of a state-owned enterprise acquiring AIA is not very likely, not to mention the price, there are many problems just to complete the acquisition and pass the review of various regulatory agencies.

Within a few days, there was a change in China, and the China Development Bank, which had already signed a $3 billion loan contract with the Four Elephants Fund, issued a letter to re-examine certain application documents. The transfer of funds has been temporarily suspended, and the specific time will be decided according to the results of the review. As a result, only the $5 billion loan contract of Galaxy Capital remains, and the cash owned by the Four Elephants Fund itself is less than $2 billion, and most of the other funds have not yet been cashed out. Originally, there was nothing, but it was different if someone got in the way, and the Four Elephants Fund was finally rejected by this bid.

"MD, these villains!" Yuan Tianfa scolded indignantly on the phone

"What's the hurry, they won't succeed. Zhou Shi said calmly that some things had been expected for a long time, and the idea of preferring outsiders to domestic slaves was very popular in state-owned enterprises. Why should you have benefits to you, and stumbling behind them is a normal thing in their eyes. Some state-owned enterprises can do anything for the sake of commercial interests. If there is no administrative support behind the dispute between King Lao Ji of Jiaduobao, the result may not be like this.

"What if? We didn't participate in this auction, and there could be a lot of variables. "Yuan Tianfa

"Prudential's last offer of $30.375 billion is equivalent to about 1.4 times the intrinsic value of AIA at the end of 2009, which is higher than the average of about 1.25 times the intrinsic value of other large insurers. You said that AIA now has a 30 percent stake of $10 billion, which is equivalent to a market value of $33.3 billion, who do you think will accept it?"

"What if AIG lowers the price?" said Yuan Tianfa

"Unless China Life and Ping An meet the requirements of AIG, we will not have no chance, I believe that many people are willing to provide us with financial support when necessary!" Zhou Shi said conclusively, the hole card has not yet come out, what is the hurry. Zhou Shi really didn't believe that the leaders of state-owned enterprises had such courage to buy an asset that seemed obviously overvalued.

hung up the phone, but Zhou Shi didn't say it in his heart, although the bottom line of competition in the shopping mall is very low, but it is just a matter of unanimity to the outside world, but he picks Zhou Shi's weakness, and he has no way to retaliate back. At most, pay more attention to the people involved in the decision-making and give them a little special care. Thinking of this, Zhou Shi suddenly thought of something.

"Chen Wen!" Zhou Shi

"Mr. Zhou!" Chen Wen responded

"Contact China, investigate and count the listing sponsorship projects of Ping An # Securities, see if they have any financial fraud, don't make a noise first. Zhou Shi secretly instructed that if there is no fish that does not steal fish, it vividly illustrates where there will be a Ping An # securities company that does not falsify. Since 2009, Ping An # Securities began to falsify, the first IPO case in which Modu Securities participated, Aier Ophthalmology had Ping An people involved, and the competition was not safe, but Sixiang Fund promised to become the cornerstone investor of Aier Ophthalmology, which regained the disadvantage. As for the future, the famous "Wanfu Shengke" case in the Huaxia financial market is the result of Ping An # Securities' insistence on fraud for many years. It is a pity that such an enterprise has not been punished much, and it is only a characteristic phenomenon in China. You know, a few years later, even Goldman Sachs was fined more than $4 billion, and that's not all. What Ping An # Securities has done is to damage the foundation of ChinaAMC's capital market, and the harm is greater, shouldn't the punishment be greater?

Zhou Shi didn't know who was stumbling behind his back, but the persimmons had to be pinched soft, and the hard ones were too astringent and not delicious. Huaxia Guoshou is that hard persimmon, let's find a chance in the future.

Although he is dissatisfied with the various behaviors of state-owned enterprises, he actually has nothing to complain about. Everyone is a competitor in the commercial market, but the state-owned enterprises have the advantage, which is somewhat unfair. However, there is no fairness in market competition, and they all rely on their own advantages to fight opponents. Just like Microsoft, Apple, and Google will not give up their financial and technological advantages to compete with new entrants in cloud computing, artificial intelligence and other fields. Companies that really give up their advantages for the sake of fairness are stupid. Moreover, the means of state-owned enterprises can be one or the other, and the existence of the government is not to make the state-owned enterprises better survive, and their fundamental interests are inherently inconsistent. With the growth of national strength, Huaxia, which wants to expand its international influence, will have more demand for multinational giants like Zhou Shi in the future. He has absolute advantages in finance, science and technology, culture, film and television, sports and other aspects, and he will definitely get more attention, which is an advantage that most state-owned enterprises cannot match.

After arranging domestic affairs, Zhou Shi continued to inspect his industry in the United States. Take a hundred plating to read the latest chapter of "The Rebirth of the Post-80s Legend Claw Book House" for free for the first time.