Gao Xiqing's last sentence made Zhou Shi fall into a dilemma, Lao Fengxiang was really in his hands, and he was waiting for him to deliver. After returning to the United States, his mind was much clearer, and there were a thousand reasons to buy Lao Fengxiang, but the main business between him and Zhou Shi was too far apart, a completely unfamiliar industry, and it was possible to be fooled by the professionals inside. Just like Hollywood, there are many ways to hack Wall Street's money. I don't know what he thought at that time, he buried one burden after another, he regrets it when he thinks about it now, it is not enough to buy Huiyuan juice for no reason, and he wants to take down Lao Fengxiang, I really don't know how to write the dead word. Fortunately, these are not hellish difficulties, and even if they are all lost, they won't have much impact on him. Selling a little stock casually in the future can subsidize the losses of these two companies. Or let these two companies hoard office buildings first, and wait until the difficult moment, and sell the buildings to ensure cash flow. It seems that a well-known listed company in China does this, and it is not difficult for him to do so.

In other words, Sixiang Fund withdrew from SMIC and gave up the status of the controlling shareholder, Huatou accepted the billion-dollar worth of bonds, and of course also noticed his gold contract, this list made more than 200 million yuan, and he was not prepared to really ask for gold, but cashed out, after all, the acquisition of gold spot really delayed the efficiency of the use of funds. It's a pity that after Huatou saw it, this batch of gold was topped by the relevant departments, 28.35 tons, which is not a small amount. Last year, the domestic gold reserves were 547 tons, and Zhou Shi owned 5% of the gold of the Huaxia Central Bank, which is already a large number. I don't know how long the forces behind the secretary have been preparing and where to find such a batch of spots. Anyway, it can't be domestic, Zhou Shi and them signed a contract overseas, and they were cut off at sea.

The relevant departments that were collecting melon gold around the world were eyeing Zhou Shi's gold, so Lao Fengxiang was in Zhou Shi's hands. Lao Fengxiang's market value is less than 6 billion soft sister coins, and the company held 45% of the shares by Huangpu SASAC has a market value of only 2.7 billion soft sister coins, and 1 billion US dollars is equivalent to 6.8 billion soft sister coins. This premium is at least 50 percent, that is, about 10 billion soft girl coins, and 1 billion US dollars cannot be acquired as a whole. Moreover, the domestic leveraged buyout system is immature, and many methods cannot be used, and it is really not cost-effective to use tens of billions of soft girl coins in cash. Therefore, after taking over the shares of the State-owned Assets Supervision and Administration Commission, it will be closed, if you count the transfer price of 1060 US dollars / ounce, and the settlement price of 1200 US dollars in December, it exceeds the actual payment cost by nearly 3.7 billion soft sister coins (if settled at the price of 1200 US dollars / ounce, 1 billion US dollars will make a profit of 200 million US dollars, and the actual transfer price will be 1060 million / ounce, and the profit difference will be 140 million US dollars, that is, 950 million soft sister coins, plus other expenses in the transaction, such as public relations expenses and other 1 billion is not much). However, after suffering this loss, there will be no problems with Lao Fengxiang's transfer. Zhou Shi's depression at this time can be imagined, he had made a mistake in decision-making, and now the premium is more than 37%, if there is a problem with the operation, this time it may really be his Waterloo.

In the face of this situation, Zhou Shi is also very helpless, so that he will not hand over the gold to the country for the sake of 1 billion soft sister coins, besides, when trading, they did not let Zhou Shi suffer losses, they all traded according to the market price, as for Zhou Shi to know the future price trend, this can not be used as a basis, other bets and the like, they will not carry out with Zhou Shi. So there is basically no other way to make up for the loss except not to sell. Moreover, the current status of Zhou Shi is not as free to speculate in a high-risk way as before. If you develop a habit and think about speculation when you encounter difficulties in the future, you will one day be ruined.

This time, the gift bond mortgage investment in gold is because Zhou Shi is very sure, with Analysys International, Moody's Credit joint operation, almost artificially, so that the price of gold at this special time node exceeded the key price of $1,000. In short, it used to follow the trend, and now it is to create a small trend, and the energy level and profitability level of the two are not the same level. Zhou Shi is also arrogant, and he doesn't care how much money the Four Elephants Fund and Galaxy Capital have made in this gold price increase.

There is no way, everything has already been decided, Zhou Shi could not regret it, so he had to let Hu Guniu return to China to deal with this matter. Hu Groupniu's position is the head of the Sixiang Fund, and he also serves as a vice president of Galaxy Capital, which is cross-held by both parties, this kind of job title is secondary, and the financial industry can take some lofty job titles at will, and the internal authority is the most important, and he is ranked behind Zhou Shi, Lu He, Gregory, etc. With this identity, he also has the authority to participate in the supervision and management of Tianhe Securities, and it goes without saying that Modu Securities is a company controlled by Sixiang Fund. In general, although Hu Guniu did not stay in Tianhe Securities, he can be regarded as entering the core management of Zhou Shi.

The cooperation between Spreadtrum and Huawei ended without a hitch, and Huawei decided to independently develop their own chip design company, HiSilicon Semiconductor, regardless of their distrust of Spreadtrum or their overconfidence in themselves. However, it has become a strategic partnership with Spreadtrum, and a large number of orders will be tilted towards Spreadtrum. also invested in the Android system company, and the cooperation with Zhou Shi is relatively deep.

The big change of SMIC in China, Zhang Yujing also resigned as the chairman of SMIC, and then joined Chartered Semiconductor at the right time next year, becoming the chairman of its Chinese company and the vice chairman of Chartered Semiconductor Corporation, and then waiting for TSMC to confirm its entry into the mainland, the new company will be officially established in Xinsha, Hunan Province.

In the two equity battles in China, Zhou Shi greatly promoted the common sense of telecommunications and semiconductors, so that everyone knew the current situation of the domestic high-tech industry and the importance of the semiconductor industry. It is said that the state intends to increase investment and policy support in this area, and it is not known how much. I hope these concessions and sacrifices made by Zhou Shi are worthwhile.

Although Zhou Shi has mastered a large number of chip design companies and market demand, the addition of TSMC is bound to increase domestic competition, which will have a great impact on the profitability of licensed semiconductors and SMIC, but in his opinion, the possibility of TSMC really bringing new technologies to the mainland is very low. The advantage of the concession is that the Singapore government also supports their development in China, and there is a great possibility that they will settle in Kunshan, a national key development zone in which Singapore can invest in it. It's a pity that Zhou Shi's identity made their choice change.

Huaxing Optoelectronics, which was established in cooperation with TCL, has also been formally established, these are responsible for professionals, and most of the funds are borrowed or raised through private placements, and the LCD display has a scale that is not profitable, so that the display screen of the mobile phone will not be completely controlled by others. As long as there is an early investment and a good cooperative relationship with TCL, the goal can be basically achieved, so although this project costs a lot, it is not his core project.

After a year's adjustment, Zhou Shi's industries directly controlled by Huaxia include Guoke Group, Spreadtrum Communications, Time Friends, Dianping, Starlight Entertainment, Huiyuan Juice and Lao Fengxiang. Other shareholding companies include SAIC, Chery Automobile, Ningde New Energy, SMIC, Datang Telecom, Huaxing Optoelectronics, Evergrande Real Estate and so on.

(End of chapter)