Chapter 54: The Background of Boulder Capital
"George, do you know where this boulder capital came from?
Why did so many banks not choose to choose our Standard Chartered to buy this credit default swap. ”
"Mr. Li, are you doubting my professional principles?"
Standard Chartered Hong Kong Headquarters.
There is a business investigation team organized by Standard Chartered Group, which is conducting a routine business investigation of George King.
This investigation has caused constant friction between the two sides.
From George King's point of view, everything he does is in accordance with the norms, and the starting point is also for the bank's profits.
He has followed all the procedures according to the regulations.
The risk rating and the final decision were also approved by the top management at all levels at that time.
But now, he has become the object of suspicion.
However, there are also reasons for the investigation team.
The timing of Jushi Capital's credit default swap purchase was too coincidental.
It is almost the highest point of the Thai house price index.
The investigation team has reason to suspect that there may have been insider trading.
Although the probability is negligible to the point of negligibility.
It's just that when it comes to the life and death of Standard Chartered, how can the major shareholders behind it let go of any clues.
Standard Chartered, in the World Bank rankings, can rank in the top 500.
Every year, Standard Chartered generates billions of dollars in profits for all shareholders.
And that's not all.
The Board of Directors of the Company is ready to proceed with Standard Chartered's IPO in Hong Kong.
If Standard Chartered can be successfully listed in Hong Kong in the future, it is not impossible that as long as it works well, it will have a return rate of tens or hundreds of times in the future.
But now, the plan to go public has just been drawn up, and this kind of thing suddenly happened.
Not to mention the return of dozens or hundreds of times in the future.
If the insurance premium is really compensated according to the contract of credit default swap, then Standard Chartered cannot have a second result except for bankruptcy and liquidation.
The team was led by Temasek Group representative Lee Cane Farmer.
Although in terms of losses, Temasek is unlikely to have suffered more losses than Khoo Malay Capital and Bao Family Global International Finance.
But when it comes to resentment, Temasek is the one who is the most angry.
A few years ago, the ship king Bao Yugang passed away.
It means the end of an era.
Because the Bao family does not have a very outstanding heir in finance, almost all of the Bao family's properties are entrusted to the trust company to take care of.
This is a great opportunity for Temasek, which has long wanted to swallow Standard Chartered.
The Qiu family and the Bao family are world friends, even if they want to eat the shares in the hands of the Bao family, they can't be too blatant.
In this case, it is entirely possible for Temasek to defeat Black Rock Capital and take the 14% stake in the Bao family.
At that point, Temasek will overtake the Chiu family to become the largest shareholder of Standard Chartered in one fell swoop.
When Standard Chartered goes public in Hong Kong in the future, Temasek will be the biggest beneficiary.
This is a strategic plan that Temasek Group has been undertaking since the death of the Ship King.
There is a certain possibility that the Qiu family's position in Singapore will threaten the Li family's dominance.
If this strategic plan can be completed, the Li family will completely overwhelm the Qiu family in terms of strength.
This plan is related to the future rule of the Lee family in Singapore, and it is a family's 100-year plan.
But now I don't know where to jump out of what boulder capital has given the standard beating to a pot, how the Li family is willing.
As a member of the Li family, how could Li Cane Farmers not be annoyed.
He even suspected that this time it might be a deliberate game set up by the Qiu family.
The Li family and the Qiu family have always been inseparable from Meng Meng in Southeast Asia's political and business circles.
But as a descendant of a political family like the Li family, Li Cane farmers only believe that there is nothing in the world that cannot be changed by interests.
For the sake of rights, Li Shimin, the ancestor of the Li family, can kill his brother and kill his brother.
and the political and business marriage interests of the Qiu family are bound, no matter how close they are, they can't be closer than brothers.
Li felt that if he had a way to kick the Qiu family out of Standard Chartered, then he would not hesitate to do so.
As long as Standard Chartered can be successfully listed in the future, it is not uncommon for Standard Chartered to be pushed to hundreds of billions of dollars after some operation.
This kind of wealth, who would not be tempted.
What do my father and mother count in the face of this kind of wealth?
Treat others with oneself and compare one's heart with one's heart
Therefore, the suspicions of Li cane farmers are not unreasonable.
When it comes to finance, not many people will be more proficient than the Qiu family.
Since the 30s, Khoo has been in the banking business.
Later, he mastered the largest Malaysian bank in Malaysia.
has been operating a bank for decades, what are the risks and hidden dangers here, how can the Qiu family not know.
However, the Qiu family, which has been running a bank for decades, did not realize that the credit default swap might be problematic.
This gave Li Cane farmers reason to believe that perhaps the credit swap was concocted by the Qiu family.
That contract was too professional.
At that time, Li Cane farmers had a feeling of confusion when they saw the insurance contract.
Such a professional contract, if it wasn't concocted by the Qiu family, how could it not be noticed that level of professionalism.
If the Qiu family had noticed that level of professionalism at the beginning, how could they not have imagined that it might be a big pit.
But how would the plum cane farmer know that this pit was just a super hanging force sneezing casually.
Finding Standard Chartered is nothing more than because of Standard Chartered's global chain.
The investigation continues.
In the undisguised anger of George King, the Lee cane farmer also realized that there was something wrong with his words.
George King was an Englishman, and an old British aristocracy.
This kind of person, in the words of a plum cane farmer, is a little difficult to use.
Under normal circumstances, this kind of guy with a not very good brain is very interested in credibility and glory.
The last words of the cane farmer were simply the greatest insult to people like George King.
Although he thought so in his heart, it was not the case if it was put on the surface.
After realizing this, Li Cane farmer hurriedly defended.
"George, don't get me wrong, I didn't mean that, I just want to know the background of Boulder Capital, see if I can find any clues in it, don't you think, this matter is too coincidental?"
Not that means?
It's not that or what.
George King had the urge to greet the mother of the Lee sugar cane farmer.
As an aristocratic gentleman, being suspected of conspiracy to steal from prison made George King feel a great humiliation.
It's even more humiliating than stomping his face to the ground and leaving a few shoe prints.
However, George King was a very well-bred aristocrat.
He also understands that if he doesn't explain the problem clearly, he will definitely not want to live in peace.
"Mr. Li, I don't think it's a coincidence, it's an operational risk, a systemic risk in the banking industry that can only be reduced but cannot be avoided.
Of course, I know that when I tell you this, you will only think that I am shirking my duties. So I don't want to say anything more.
As for the background of Jushi Capital you asked, I think you can check everything, if there is anything you don't know, I think there may be only a little. ”
George King's words made the Li cane farmer feel embarrassed for a while.
He could hear the sarcasm in George King's words.
In any industry, there are systemic risks, that is, risks that cannot be avoided.
No matter how strict the risk control process is, it is impossible to eliminate the occurrence of risks.
The difference is just the size of the risk.
However, just now, Li Cane farmer used a coincidence.
That only proves the superficiality of the plum cane farmers.
The plum cane farmers were a little disappointed.
If everything in this matter is a problem with business risks, then no one can do anything about it.
But after hearing George King's last words, the Lee cane farmers were filled with infinite hope.
As George King said.
Before receiving the news in Hong Kong, the Li family had already conducted an investigation on the background of Jushi Capital.
But nothing to gain.
The common mode of operation of international capital, Jushi Capital is registered in an offshore international financial center, and there are people from European and Asian countries who have investors.
This kind of thing has no value at all.
Now, George King says there's something they don't know.
Li Cane farmer hurriedly asked.
"Which point do you mean?"
"The actual controller of Jushi Capital is a native of Huaguo, if I remember correctly, it seems to be Ludao City, Southeast Huaguo Province. ”
。 m.