Since the transformation of Time Holdings into a social enterprise last year, Zhou Shi's international reputation has become better and better, and his team intends to create a god and create a public icon. It's a pity that he doesn't care much about this, and he doesn't want to be limited by another self. If he really believed in their gods, it was likely that Zhou Shi was just the image that the four elephants of the galaxy or his entire team needed, not himself.

But Zhou Shi's legendary experience is indeed becoming clearer and clearer by his will, some things are hidden, and some things are elevated. For example, the dispute between him and Lehman Brothers, the relationship with Galaxy Sixiang, and Meibang Securities. Just briefly said that because of his success in financial futures, he has cooperated with Galaxy Capital. Even Galaxy Capital has acquired some shell companies in offshore centers, changing the name and time of establishment in disguise.

As for the relationship with Meibang Securities Lu He, it is a little difficult.

Meibang Securities is in the hands of Lu He, it's not good, it's not bad, it's finally maintained, but he himself received a warning from the SEC because of several illegal operations, and I heard that it took a lot of money to get out. Zhou Shi didn't deliberately understand, it was difficult to tell the specific right and wrong, anyway, it was difficult to affect him no matter what happened. It's just a pity that his original idea, Modu Securities may not have a chance to merge with Meibang Securities.

Zhou Shi is not an all-rounder, and he can imagine science and technology, but in the case of investment banking, professionalism is secondary, and more is social relations. The impact of technological progress on investment banks may not appear until the entire financial system is disrupted. As for a lot of physics, mathematicians go into investment banking and do data models, you have to say that he is useful, really useful. After all, no one is stupid and decorate the façade with so many highly qualified talents. But if it is useless, it is also said that in the past, many mathematical models came out to fool people, fool themselves and fool customers.

The abundance of financial derivatives is the result of this group of scientific and technological elites who are engaged in finance, simply put, it is to leverage funds through various forms of leverage, and then earn commissions through the circulation of funds. Investment banks and other financial institutions will have their own income in every leverage, and then who will pay for the costs incurred? Of course, it is the customers of the investment bank, so there is no value in doing so? No!

Ant Financial's borrowing is to borrow a large amount of money from various social institutions at low interest rates, and then lend it to users at high interest rates to earn interest differences. Based on the money lent to users, Ant Financial makes a loan guarantee certificate to the exchange. The exchange then uses this certificate to issue securities, which can be traded on the exchange. The proceeds from the sale of securities go to Ant Financial, and the securities issued by the exchange are asset-backed securities. In other words, Ant Financial securitized the money lent to the final consumer through ABS asset securitization, and then sold it to another group of people, and then the ABS can be traded on the exchange, and it has started a business without capital.

Through this means, Ant Financial entered the market that leveraged hundreds of billions of dollars with billions of cash, customers got benefits, and Ant Financial gained experience (Ant Financial has a registered capital of 3.8 billion, but the scale of lending is as high as 300 billion, and the consumption leverage is close to 80 times, bringing billions of dollars of huge profits to Ant Financial), and the risk is left to the state......

Historically, Ant Financial's Huabei Loan only had a registered capital of 3.8 billion yuan (Chongqing Ant Shangcheng Microfinance Co., Ltd. had a registered capital of 1.8 billion yuan and Chongqing Ant Microfinance Co., Ltd. had a registered capital of 2 billion yuan), and Ant Financial's lending scale was as high as 300 billion yuan, Ant Micro Loan's net profit was 500 million yuan in 2014, 970 million yuan in 2015, close to 1 billion yuan, and 1.92 billion yuan in 2016 and 4.49 billion yuan from January to September 2017......

Well, most of the benefits of financial derivatives are enterprises rather than the state, and many functions can be achieved by other means, which may be the reason why Huaxia financial derivatives are not developed, after all, there is no need for relevant departments to take risks to help some enterprises defraud people and make money.

When it comes to the financial industry, he believes that the closest characteristic to the core should be "deception", and how can the circulation of corporate assets be promoted without deception? Hehe, a joke. Even Taoism made me know that the combination of virtual and real is king, and that an economy is imperfect without the financial industry. This is also the reason why Zhou Shi has always insisted on not giving up on the four elephants of the galaxy, he has elites and talents in this area, there is a platform for them to grow, and at the same time, there is also a first line of defense that can protect his own industries, and it is also the most important base for the company's external expansion.

Meibang Securities, an investment bank, undoubtedly has several major auxiliary roles for the four elephants of the galaxy, and the loss of him made the four elephants of the galaxy at that time lose the most important military foundation, and they can only protect themselves. However, in the past few years, these enterprises controlled by Galaxy Sixiang have achieved reborn success. Time, friends, and Guoke have all become 100 billion dollar enterprises; Spreadtrum, Licensed Semiconductors, and Micron have become key enterprises that can influence the development of the industry; AIA has the potential of 100 billion US dollars, and East West Bank has been pushed on the right path; Miramax and Starlight Film and Television have become a decisive force in China and the United States; and even Saab Automobile, which was worth hundreds of millions of dollars at the beginning, has achieved great success because of the emergence of Saab New Energy and its boutique strategy. As for those companies that have invested, not to mention, Mastercard's share price has multiplied many times.

The galaxy controls or influences more than $500 billion in assets around the world, and has the potential to control trillions of dollars in assets. The huge impetus has driven the growth of the four elephants of the galaxy, and the internal strength and social status have continued to rise. It has long made up for the impact of the loss of Milbank Securities.

"Mr. Zhou, Meibang Securities asked us if we were interested in taking it back!" Chen Wen

"What do you mean?" asked Zhou Shi in confusion

"I went to see Mr. Lu and found that he has aged very quickly in recent years, and his health does not seem to be very good. Chen Wen said euphemistically

At the beginning, even if Meibang Securities left the sequence of Galaxy Sixiang, it still received great care, including funds, projects and the support of the board of directors, but then the differences became bigger and bigger, and it was not as good as he imagined that he could maintain a good cooperative relationship for a long time, even if Galaxy Sixiang still maintained its support for Lu He in the most difficult time of Meibang, it was useless.

"Oh! I know!" Zhou Shi, although Lu He can't say betrayal to him, but just like two divorced couples, even if they remarry, it will be difficult to reconcile. Not to mention that there are too many dark sides in the capital market, and it is impossible for him to let this risk go.

"Then should we buy Meibang Securities?" Chen Wen

"Forget it, you don't need it!" Zhou Shibai took a look at the latest chapter of "The Rebirth Legend of the Post-80s Claw Book House" to read for free for the first time.