Chapter 370 Property Rights Adjustment (I)
In the aftermath of the financial crisis, the United States has tightened the supervision of banks and other financial institutions. Although many policy measures have not been implemented, there have been rumors in the market.
Before the subprime mortgage crisis, the U.S. states and federally supervised commercial banks, respectively, and the place of registration became the main basis for defining the banking regulatory department. For federally registered banks, there are four main regulatory bodies, namely the Federal Inspection Commission (FFIEC), the Federal Reserve System (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of Currency (OCC) under the Ministry of Finance. The U.S. Securities and Exchange Commission (SEC), the Federal Insurance Administration (SIC) and the U.S. Futures Trading Commission (CFFC) are responsible for the supervision of non-bank financial institutions such as the securities industry, fund industry, insurance industry and futures industry, respectively. But the SEC has nothing to do with most hedge funds set up in the form of private companies, private equity funds, and Galaxy Capital is such a financial institution that accounts for a large part of the U.S. market.
Although Zhou Shi has a prophet, he actually made less money in the subprime mortgage crisis than John Paulson, but Lu He is relatively high-profile, and there are shares of companies like Baidu, Friends.com, and Amazon as collateral, and the degree of capital and the proportion of free funds are very different. It's hard to say who has more money, Paulson is much stricter about the confidentiality of information, Galaxy Capital doesn't have much intersection with him, and Lu He has only communicated with him many times in some galas.
In response to such a financial situation, the Federal Reserve (FED) requires hedge fund counterparties such as banks to provide corresponding data based on the consideration of stabilizing the financial system. As for Congress's repeated attempts to regulate hedge funds and private equity funds, there are still no regulations specifically regulating such funds.
However, there have been some changes in recent events, according to the latest news, Ao Guanhai will release a white paper on financial system reform, and it is likely to establish a Financial Stability Oversight Council (FSOC) composed of heads of nine financial regulators, and the US Treasury Secretary also serves as the chairman of the FSOC, and the members also include the chairman of the Federal Reserve, the chairman of the Office of the Comptroller of the Currency, the chairman of the Federal Deposit Insurance Corporation, the chairman of the Securities and Exchange Commission, and the chairman of the Consumer Financial Protection Bureau. That is, the head brain related to finance, which is equivalent to the China Securities Regulatory Commission, Banking Regulatory Commission, Insurance Regulatory Commission, etc. Among them, Galaxy Capital has the right to bring non-bank financial institutions or subsidiaries of multinational banks that it considers a threat to the U.S. financial market into the scope of the Federal Reserve's supervision, and regularly report to Congress on the situation of the U.S. financial system. It has the right to require large hedge funds, private equity funds and other investment advisers to register with the SEC, disclose transaction information, and undergo regular inspections. In other words, there will be more restrictions on the flow of funds for sensitive people like Zhou Shi, regardless of confidentiality and convenience.
The supervision of banking institutions is stricter, of course, this is not the point, the point is that Zhou Shi, as a shareholder behind the scenes, is likely to be difficult to hide. To this end, after determining that there was no problem with the acquisition of East West Bank, he gathered people from all walks of life in Silicon Valley to discuss countermeasures.
Among them, the industrial part includes: Lei Jun, Chairman and CEO of Time Friends, Huang Huainan, Vice Chairman of Time, Pichai of Time America, Li Yinan, Chairman of Datang Telecom, Li Liyou of Spreadtrum Communications, Feng Xing, Chairman of Guoke, Rubinstein, Vice Chairman, and Shirley Sandberg of Yelp. Financial part: Lu He of Galaxy Capital, Gregory of Tianhe Securities, Hu Zuniu of Sixiang Fund, Wu Jianming of East West Bank, Peng Guoyu of Vermilion Bird Fund, James of White Tiger Fund, Andrew of Xuanwu Fund, Li Ying of Vermilion Bird Fund, girlfriend Wang Xirui, and his assistant Chen Wen. Of course, his personal barrister, an experienced middle-aged white Harrison (he is set up to be a very good lawyer).
"This is my girlfriend and one of the managers of my future wealth. This one is my personal assistant, and I will handle a lot of things through her in the future. Zhou Shi briefly introduced two people who did not hold important management positions in his company, and then introduced all the people in important positions under his company.
"First of all, I want to state that the source of my wealth has nothing to do with any organization or organization, it does not involve the government of any country, and all my income is compliant and legal, but I don't want to disclose it!" Zhou Shi immediately asked Harrison to take out various documents and materials and pass them to everyone.
"I promise that all of my employer's property, Simon Zhou, is legal and compliant!" Harrison also assured that everyone would be reassured. After all, Zhou Shi's wealth is too large, and his age is too young. Having accumulated so much wealth in less than ten years, it is not normal to have no doubts.
"The purpose of my convening is to ensure that the normal development of enterprises is not affected on the premise of not revealing the scale of my wealth, and how to prevent these enterprises from getting out of control. "Zhou Shi
You must know that now Galaxy Capital, Tianhe Securities and Sixiang Fund have more than 20 billion US dollars in their own funds, and the stocks of various companies under their names have exceeded 30 billion US dollars, and maybe 400 billion US dollars. Time Friends also has a combined valuation scale of $20 billion, and the combined Guoke and semiconductor businesses also have $5 billion. There are also Zhou Shi's various securities assets, including Amazon, Baidu, Marvel, Apple, Netflix, etc., which are also about to reach $5 billion. In this way, the value of his assets is at least $60 billion, and most of the shares are under his control, and this year's Forbes Rich Edition, Bill Gai's wealth is also 40 billion US dollars, which means that Zhou Shi's actual wealth has exceeded Bill Gai's.
Soon after, Harrison retrieved all the information. Except for Lu He, everyone was in shock.
"This is a miracle in the history of modern finance!" Hu Zuniu said first
"I lived so long, a genius like Simon, and such a lucky man, I never found out, I didn't expect that I would have the opportunity to witness the rise of a family like Morgan, Rockefeller, which ......" Gregory
.......
After many people sighed, Zhou Shi spoke: "I don't know what my future will be, but my background determines that I want to work hard for the peaceful development of the East and the West, but I don't know where the world will go. Zhou Shi was not confused by their praise, before he was reborn, China and the United States began a trade war, if the economic war could not solve the problem, then the military war would not come, he did not know!
"The future is still based on peace, and if Mr. Zhou's purpose is to promote the integration and development of the East and the West, it is not impossible to achieve a Morgan family. "Hu Zuniu
"No matter how dangerous the future is, my direction is to promote the integration of the East and the West, even if I fall on the road of failure, I will not hesitate!" Zhou Shi said that he would establish his own political position, the future world will wander in peace and war, and the outbreak is likely to be China and the United States, so some people choose to escape and take refuge in Europe and England. Some people can't choose, so they don't talk about it. No matter what the history of the country, it is all about war and peace, and the time of war is often greater than the time of peace. It is difficult to say that Zhou Shi's choice is reasonable, but because of his shallow foundation, he actually doesn't have too many choices.
(End of chapter)