Chapter 344: That's How Business Works
From 2005 to 2007, A-shares rose from 998 points to 6,120 points, which is a big wave that has never been seen in the history of China's stock market, and it is in this wave that the Huayin consortium has benefited a lot, and the total debt of the consortium's holding companies has been reduced from 433.57 billion yuan to 104.23 billion yuan, and the cash reserves have increased from 143 billion yuan to 570 billion yuan. Pen % fun % Pavilion www.biquge.info
These data are scattered among various companies, and we look at Wanbo, Jiangtai, Boan, Huateng Automobile, and Yongtai Chemical ...... The financial data of these subsidiaries and subordinate industrial groups, you can only marvel at the financial report is too beautiful.
If the financial reports of all subsidiaries and subordinate industrial groups of the entire Huayin consortium are added together and calculated, even if it is just a simple count with Excel, anyone's feeling is very terrifying.
Terror.
This phrase is a common feeling given by the Huayin Consortium to everyone after the April special issue of South China Weekly was released in 2009, whether it is Chinese, Chinese business institutions, or foreign investment banks studying the Chinese market.
Especially for international investment banking predators like Goldman Sachs, who can get more and more detailed data, the feeling after comprehensive statistics is extremely shocking, and at the same time there is indescribable envy.
Huayin, first and foremost, is a Chinese consortium.
In the competition in the international capital market, the biggest advantage of the Huayin Consortium is that it can invest in the Chinese market unimpeded.
In fact, around March 2007, global investment banks and international investment institutions have realized that China's stock market is ushering in a round of bull market, the four main factors of this bull market are the long-term interest rate cuts in the United States, the central bank of China's real estate regulation, the opening of the financial market, the appreciation of the renminbi, coupled with the slowdown in the economic growth rate of Europe and the United States, the long-term contraction of the Japanese economy, and the probability of the BRIC countries and other hot probabilities, the inevitable result of the superposition of various factors.
However, it is not easy for international capital to invest in A-shares.
The final result is that international capital has watched A-shares soar by 6 times, but they can't directly profit too much from it, so they can only watch Chinese financial companies such as the Huayin Consortium harvest and cash out on a large scale and easily make huge profits.
In all fairness.
This was followed by a full-blown subprime mortgage crisis in the United States in October 2007.
International capital cannot easily switch to A-shares, but the Huayin Consortium can enter the U.S. stock market unimpeded, short-selling, and bottom-hunting, so as to obtain more huge profits.
Therefore, in 2008, after the AIG Group and Ford Company fell into crisis, the institutions that really had the ability to take the risk were the Huayin consortium and the oil consortium in the Middle East.
In terms of reputation and influence, the current Huayin Consortium is indeed not Goldman Sachs' opponent, not at the same level, but in terms of strength, the Huayin Consortium has surpassed Goldman Sachs.
One of the main factors in this is the strengthening of China's private capital, with the private equity funds and trust assets managed by the Bank of China Consortium mainly coming from the mainland, totaling more than US$200 billion.
As China's economy continues to grow, it will eventually surpass that of U.S. investment banks.
For China's economy, the Huayin consortium is obviously a very important factor, although it is not as important as Samsung to South Korea, but at least it can be equivalent to the influence of three barrels of oil on China's economy, which must not be ignored.
To put it simply, if the central government wants to bail out the market and improve the Shanghai Index of A-shares, the China Securities Regulatory Commission does not need to do other work, introduce a little policy, and then talk to Xu Teng, so that the Shanghai Index will rise from 1800 points to 2200 points, which is generally no problem.
Now the domestic investment market is like this, which land sector, as long as it is rumored to be the land of the Huayin Consortium, to engage in the development of the whole section of the Huayin model, the surrounding land prices immediately swished.
Which listed company, as long as it is rumored that the Huayin consortium has the probability of intervening in the investment, the stock price will soar immediately.
Xu Teng signed an agreement to officially increase his holdings of Lenovo's shares, Lenovo's share price immediately rose by 20%, Xu Teng was still negotiating with Mengyu Group, and Mengyu's stock rose for a month.
Many people don't know that Xu Teng basically does not participate in the stock market operation of the Huayin Consortium, but he and Mr. Xu are still regarded as China's two generations of stock gods.
In A-shares, Xu Teng is a god, the real Xu God.
If a reporter asks Xu Teng, what do you think of xx stocks, Xu Teng said that it is not bad, this stock has to rise and fall today, if he says it is not good, this stock has to fall today.
In short, Xu Teng is the most powerful business leader in China at this stage, an out-and-out leader, if you are not convinced, you want to point out that other business bigwigs are more in line with the standards of Chinese business leaders, but you must not forget that the business bigwigs you nominated are likely to be one of the "small" shareholders he works for.
This cruel and bloody fact is understood by the government, not only in China, but also by foreign governments.
Xu Teng's visit abroad is rarely accompanied by less than five consortium entrepreneurs, and as long as he can reach an investment agreement, at least it is a contract starting at one billion dollars, billions of dollars, or even tens of billions of dollars.
In Cambodia, for example, Xu Teng visited for four days and signed a total of $7.5 billion in contracts of interest.
In Malaysia, with the addition of new contracts, Xu Teng's total investment in Malaysia has exceeded US$12 billion, and if these contracts continue to be implemented, his companies will continue to invest US$20 billion in the next five years.
These huge investments are oriented to ports, railways, real estate, hotels, finance, chemicals, automobiles, network technology, new energy and other fields, which is also the style of Huayin Consortium and Xu Teng, he either does not invest, but invests in a comprehensive way to ensure that he has enough contacts and influence, to ensure that every investment can get special treatment, and ultimately to ensure his comprehensive investment rate of return.
His investments tend to be concentrated in an important city, an important region, and gradually increased over a period of several years, eventually upsetting the local political and business balance and ensuring special influence on local politicians and political parties.
Now, he has replicated this Huayin model in Myanmar.
For the Myitsone Dam incident, Xu Teng visited Myanmar for an extra week, and negotiated separately with the United States, the Myanmar Democratic Alliance, and the military junta.
What the United States needs, what the Myanmar NLD wants, and what the junta wants are certainly different, and even if the United States is the most important backer of the Myanmar NLD at this stage, it does not mean that the interests of the two sides are the same.
What's more, Xu Teng can directly make a deal with the boss of Demick Mitchell, a senior US cadre in Myanmar, the chief policy adviser of the White House, Pesson Laws, and discuss privately, what Xu Teng wants, and what Demick wants, can be discussed very clearly.
Xu Teng wants to make money, to establish a wide range of contacts in Myanmar, and Demik wants political achievements and to get ahead.
There is certainly room for cooperation between the two sides.
For example, in lobbying the Burmese junta to release Aung San, China and the United States are actually the same in their pursuits, but the difference is that the United States thinks that Aung San will be able to completely reverse China's political and business advantages in Burma by taking office, while China will count the cards in its hand and be convinced that whether Aung San is in power or the military junta is in power, China has nothing to worry about.
In particular, Xu Teng, the chairman of the Huayin Foundation, cooperated with the embassy in Myanmar to cooperate in the operation of political and business relations, whether Aung San is in power or Tieshan is in power, the situation in Myanmar can be "under control".
Xu Teng's skill, appeal and influence are obviously not comparable to any central enterprise leader.
So!
It took a little effort and a bit of effort to get the deal done, but he was able to get the Myitsone Dam, one of the seven hydropower stations Myanmar plans to build on the upper reaches of the Ijiang River.
Xu Teng came forward, what else to say, Dongdian Group easily won 4 hydropower stations, of course, it is operated in cooperation with Huayin Consortium and Zhongrun Group, the old rules, Huayin Consortium is responsible for providing financing services, and holds 1/3 of the equity, 1/2 of the equity belongs to Dongdian, Zhongrun Group means.
Such a good thing is simply overjoyed for Su Xiaolin, chairman of TEPCO Group.
Xu Teng finally took a special plane back to China, and when he arrived in Jiangzhou, Sister Su, who had an unusual relationship with the Huayin Consortium, flew to Jiangzhou one day in advance, lived in the Xu family's Emerald Bay Manor, and personally went to the airport to greet Xu Teng.
This made Xu Teng a little surprised, but he must have been very happy, the two shook hands and met each other, and returned to Xu's house together in Xu Teng's special car, the Rolls-Royce Silver Angel.
October in Jiangzhou is a very beautiful season, and it is probably the most beautiful time in Jiangzhou.
Xu Teng, as always, is always dressed in Anderson, or Huntsman, Kiton, these three top suit brands are the holding brands of Katia Group, he basically only wears the customization of these three clothing stores, most of them are independent designs of designers, handed over to the main stores of the three stores in London and Milan, according to the highest standards and specifications, completed by the best tailors.
Every year, he will order about 50 sets of formal wear, and each suit, dress, including accessories, will go through the strictest inspection after completion to ensure that nothing is lost.
If there is a problem with these garments that are airlifted to Jiangzhou, even if there is a small flaw, it will be a major event that more than a dozen employees will lose their jobs.
Do you think, there are problems with the products given to the ultimate boss, and will the products given to other customers be fine?
In short, on the annual list of the best dressed men in Oriental Weekly, a magazine under the Huayin Consortium, Xu Teng, who has won five consecutive championships, has always been a model of China's business elite and suits and leather shoes.
On the basis of a man's taste and demeanor, on the whole, Xu Teng has surpassed Chen Nanshen in recent years, which is of course not the result of Xu Teng's hard work alone, but also the result of the hard work of the entire public relations team of Huateng Company.
For a beautiful chairman like Sister Su, who still has charm, and a meeting with a handsome chairman like Xu Teng, it is also a very beautiful scene.
Entering the car, Xu Teng took a glass of Veuve Clicquot champagne from Han Dai's hand, and raised a glass to invite Sister Su to celebrate together, although the contract between the Myitsone Dam and the four hydropower stations in the upper reaches of the Yijiang River is not a particularly big business, but after all, it is a foreign contract, and it is not easy to have this scale.
"This period of time is really hard to chairman, for these businesses in Myanmar to visit for so long, I can't help me, it's just unforgiving, it's really uneasy!" Sister Su said gently, quite apologetic, time has passed, different from the meeting in 2006, now in front of Xu Teng, noble as she has to maintain this humility.
"Sister Su is serious, I am the chairman of the consortium, of course these are my duties. Having said that, Sister Su and I have known each other for four years, and this is probably the second time we have met. Xu Teng took a sip of champagne, just a symbolic celebration, without the meaning of greedy cups, and immediately handed it to Han Dai beside him.
"Yes, they're all busy, and if you want to talk about it, you can't blame me, you have to blame the chairman for being too busy. Let's just say that last year, I went to Jiangzhou four times, and I will do my best for a month, but you have been in the United States, either investing in AIG or investing in Ford, which makes us who do business envious and jealous. Sister Su giggled, looking at Xu Teng's gaze, which was also very close and bright, and she really wanted to be friends with Xu Teng.
The chairman of the TEPCO Group has always had a good relationship with Chen Jian, even a little too good.
Xu Teng knew that although Jian Chen didn't say it explicitly, what was it...... It is said that once when I was abroad, I drank too much. Anyway, since there is such a relationship, it must be his friend, because there are too many women who have been there, and there are only three women who have been there to Jian Chen.
"Sister Su, do you have anything else to do when you go to Jiangzhou this time? If it's just about the Myitsone Dam, you can call us and let's talk a few words, and you can't go on a trip in person. Before Xu Teng returned to China yesterday, he had a phone call with Jian Chen, which was given to him by Jian Chen.
"The chairman is really smart, in fact, it's not a big deal, I know that the chairman has a lot of complaints about the shareholders behind Fubon Company, and some of them are really not very sensible. If they have offended the chairman, I have come to Jiangzhou to visit the chairman of the board of directors this time, first of all, to ask the chairman to give me guidance and point out a clear path for me and the TEPCO Group; secondly, I am indeed entrusted by Mr. Lu to build a bridge for the Fubon department, apologize to the chairman for what the Fubon department has done in the past two years, and hope that the chairman will raise his noble hand. Su Xiaolin has a lot of troubles now, no matter how TEPCO Group develops, it is difficult to rank in the top two seats among domestic power generation companies, and the blessing of the Tuohua Bank Consortium can barely rank among the fourth seats, but she is also confused about how to develop in the future.
The country's industrial policy has been very clear, restricting thermal power and focusing on the development of nuclear power, which is the basis for the survival of TEPCO Group, and hydropower has ecological protection pressure, plus the main hydropower resources have been divided, and the future is also limited.
Nuclear power?
The two giants of China National Nuclear Power Corporation and China General Nuclear Power Corporation dominate the world, how can there be the possibility of the four major power companies of Guodian, Datang, Huaneng and Dongdian taking a piece of the pie?
TEPCO, how should the future development of Dongfang International Power Investment Group Co., Ltd., as the chairman and founder of this central enterprise, Sister Su has had a headache for several years and has not been able to find a clear direction.
Sister Su came to Jiangzhou to visit Xu Teng this time, the main meaning is to continue to strengthen the cooperation between Dongdian Group and Huayin Consortium, she plans to follow the example of Bank of China and CCB, go public as a whole, distribute part of the equity to Huayin Consortium, and then use Huayin Consortium to seize the opportunity for the four major domestic power companies to compete to go out.
Especially in this competition for the Myitsone Dam, TEPCO has hardly made any efforts, and only relies on the cooperative relationship with the Huayin consortium over the years, which easily won the contract.
This incident made Sister Su feel a lot of emotion, and she became more and more convinced that if TEPCO wants to internationalize and diversify, the best choice is to deepen the marriage with the Huayin Foundation.
As for the mediation of the Fubon Department, this was asked by Mr. Lu a few months ago, and the old man personally came to visit her and asked her to come forward, but she has been delaying until now, and she is still uncertain, and she always feels that she had better not get involved in this matter.
However, the conditions offered by Mr. Lu are still good.
Sister Su and the shareholders behind Fubon are basically the same, they are all real high-ranking children, in fact, many people, especially Wu Yongbang's wife, are best friends with her - it is this factor that Mr. Lu insisted on asking her to mediate for both parties.
During this time, Xu Teng led the Huayin Consortium to turn his hands into clouds and rain, turning the situation in one fell swoop, abruptly reversing public opinion, and becoming the most high-profile business leader in China.
Don't look at Xu Teng, it seems that he did not fight back against the Fubon Department, but on the issue of the share reform of the Rural Commercial Bank, the Huayin Consortium has always had a professional team responsible for long-term control of a number of online media to track and report, which has actually blocked the possibility of the Fubon Department rushing to buy the shares of Rongzhou Rural Commercial Bank at a low price.
Regarding the ins and outs of the Fubon system, in this wave of mutual harm, all kinds of information have been published on the Internet one after another, and no matter what those people in the Fubon department think of, they cannot be deleted.
Xu Teng didn't even have to do anything, just registered the ins and outs of the Fubon system on both sides of the daily encyclopedia and Wikipedia, and the Fubon department stared at it completely powerlessly.
Before this wave of mutual harm, Mr. Lu only had 3 related entries in the daily encyclopedia, and now there are as many as 42, which are basically stripped away.
Wu Yongbang was even more miserable.
Even the list of more than a dozen shareholders behind the scenes of Fubon and Huamei Iron is clearly published in each entry, and only one or two are family members of the current leaders, so they are not disclosed.
Fubon has been trying to find a way to intervene in this kind of thing in the past few months, no matter which leader is found, the other party agrees first, and then goes to the other party to become all kinds of prevarication, and some don't even answer the phone or attend the dinner.
Up and down, now we basically know that the Huayin Consortium and the Fubon Department are on the hook, and they are silently all, not to mention the provincial and departmental level, or the deputy ministerial level.
This is much better than later, although the media disclosed the background of the Fubon system, it can only be a variety of side balls, and the explanation is to the extent that everyone understands, and I dare not say it explicitly.
Xu Teng is different, since the shady disclosure of the Huayin consortium by "South China Weekly", he did not disclose the other party's black materials in any media, but completely exposed all the background information of the other party within the scope of his control.
Then, as long as the news of Fubon appears on the webpage, netizens can click on it casually, and they can enter the main entry "unintentionally", and it will take 10 minutes for any netizen who graduated from junior high school to figure out what Fubon is.
This trick is actually very insidious.
Mr. Lu and other shareholders of Fubon had always thought that Xu Teng had been instigated and did not fight back, but in recent months, he has finally discovered the seriousness of the problem, and other news such as Fubon Insurance's refusal to settle claims and the use of banking channels to deceive the elderly into investing in insurance and financial management, whether it is justified or not, whether it is a small matter or a big thing, will become the headlines of the TT Alliance.
The key problem is here, in addition to Xu Teng's media, there is really no domestic media that dares to report the negative news of Fubang, and Xu Teng's media, whether it is print media, TV stations, or portals, is precisely the largest news platform in China except CCTV.
"Regarding the issue of TEPCO Group, we can talk about it slowly, but on the issue of Fubon, I don't think there is anything to talk about. Xu Teng was very calm, it was not him who should be anxious now, "Sister Su, you can tell Mr. Lu now, so far, I haven't fought back, and I won't fight back with great fanfare." I am a person who understands the rules very well, and I have said what I should have said, the person who has had a holiday with me is Wu Yongbang, no matter what background he has or what background, I will not give up. Yes, this toss-up situation is going to cost me a lot of money, but to be honest, you can also tell your friends that a few tens of billions of dollars is not a lot of money for me. ”
"Money, for me it's just a bunch of numbers, more or less, I don't care at all. What do I care about, there is no doubt that the investment order of the domestic financial market, this is what I care about, as for Wu Yongbang, I will not take the initiative to deal with him, but I will never make him comfortable. In front of Sister Su, Xu Teng made it very clear that the share reform of domestic rural commercial banks, including the share reform of other financial enterprises, must be in accordance with the rules and strength, and play cards cleanly.
As for Wu Yongbang, this person, he will never forgive.
"Xiao Teng, it is better to settle the grievance, this matter really doesn't need to be like this, Yongbang's wife and I are actually very good friends, she still admires you very much, and has always asked me to find an opportunity to introduce you to each other. Sister Su changed her title, a closer title, and still hoped that Xu Teng could give her some thin noodles and let Wu Yongbang go.
Su Xiaolin actually knew very early that Xu Teng and Wu Yongbang had a holiday, her relationship with Chen Jian was very special, and she heard the ins and outs of the whole thing from Chen Jian, as early as 2004, when Xu Teng reorganized Huatai Insurance Company and negotiated cooperation with FAW and Shanghai Automobile, Wu Yongbang took the initiative to take action, relying on the background not to put Xu Teng and the Xu family in his eyes, and it was clear that he wanted to swallow Huatai Insurance Company, and later made trouble about Ruilin's house.
The matter of Ruilin's house, on the surface, Xu Teng suffered a loss, but in fact, Wu Yongbang suffered a loss and was almost kicked out by Mr. Lu...... As a result, another thing was introduced, Wu Yongbang not only did not thank Mr. Lu for seeing the face of his new wife and letting him go, but instead introduced another group of people into Fubon Insurance Company to balance Mr. Lu, which eventually led to Mr. Lu losing control of Fubon Department.
This group of people is divided into two parts, one is several shareholders of China Coal and Iron, who belong to the traditional coal system high-level cadres, and the other part is a few gentlemen of the oil system, these people are obviously more experienced and extraordinary.
Su Xiaolin is from the power system.
On the surface, everyone is friends, they are all real high-level cadres, and behind the scenes, no one looks down on anyone, and they all have their own small circles.
So for a long time, this Sister Su has been watching the jokes of all parties, watching this group of people fight with the Huayin Consortium, and finally being reorganized to go abroad one after another to avoid trouble...... Now they are basically hiding in Hong Kong, and they don't dare to go to Macau, and now Macau is basically the territory of the Xu family.
The Xu family's foundation in Macau is casinos.
From the Legislative Council to the rivers and lakes, they basically have to listen to Mr. Xu's greetings.
Now the group of people who have lived in Macao for a long time also have a very good relationship with the Xu family, basically living in Galaxy Gaming and Entertainment Hotels and Resorts, and some are still working as angel investors in Galaxy Capital, going back and forth between the mainland and Macau, doing very good investment business.
In short, no one can deal with Xu Teng now, because Xu Teng still has an Asian gambling king sitting at home.
The situation is very clear, Xu Teng is not looking for trouble with the Fubon Department for no reason, the real reason, all parties are very clear, the Fubon Department and the Huayin Consortium are typical peers, especially the Rongzhou Rural Commercial Bank, the Huayin Consortium is to make it clear that the Fubon Department will not give the Fubon Department a chance.
Now the Rongzhou side doesn't dare to act rashly, and neither side can offend, so they just drag it and don't do anything.
This matter is also very complicated, the relationship between the Huayin consortium and the petroleum system is actually quite good, whether it is CNOOC, or PetroChina, and the Huayin consortium in the domestic chemical industry cooperation, foreign oil exploration cooperation, including domestic and foreign oil service market, shale oil technology development, there are extensive and in-depth relationships.
There are some things in private that many people in China know.
In Iraq, Xu Teng, through his network with the Bush Jr. family and the Republican Party, helped three barrels of oil get a lot of contracts, and in these contracts, Fuxin International, a member of the Huayin Consortium, basically held a very important stake.
The relationship between the two sides is complicated, and no one can act rashly.
Therefore, Xu Teng didn't know that Fubon had provoked the fate of the Huayin Consortium, and he dared to get along with him in the matter of Jianghuai Rural Commercial Bank, so he grabbed the 2004 Ruilin Mansion incident and stared at Wu Yongbang.
To do business, to the point where the Xu family is doing this, and to play tricks with the Xu family, that is, to find death.
The revelation of "South China Weekly" in April 2009 was basically the biggest trick and the strongest combat effectiveness that Fubon could come up with, but the situation was also reversed by Xu Teng and the Huayin Consortium, which allowed Xu Teng and the Huayin Consortium to firmly occupy a moral advantage.
Xu Teng has now changed his game of play, and is ready to transfer some oil field shares in the Iraqi market to give the oil system more benefits and performance, and he will take cash and leave, with two conditions: one is to make real money, and the price cannot be low; second, those people in the oil system have withdrawn from the Fubon system and are concentrating on cooperating with him to do a good job in Sunshine Insurance, and not half-heartedly.
Right.
The major shareholder of Sunshine Insurance Co., Ltd. is basically the oil system, and the three barrels of oil are all one of the top ten shareholders.
Doing business in China is not so simple, especially in the realm of the Huayin Consortium and the Xu family, all systems must have friends, close cooperation, and form a community of interests.
Electricity, petroleum, automobiles, posts and telecommunications, infrastructure...... For various systems, the Huayin Consortium has been deeply cultivating the relationship network, even if it is the railway system, the Huayin Consortium is in the light, and the CSR is in the dark, and the joint acquisition of the Czech electric locomotive manufacturer Skoda Transportation has officially opened the competition in the European railway market.
CSR was bidding for the contract for the London Underground during this time, and the financing parties behind the scenes, the BBC's so-called Chinese consortium were Macau Fuxin Group and Huaxia Financial Group.
How does CSR have political connections in the UK?
The Huayin Consortium is different, it has been operating in the UK for many years, and its network is still very deep, which can basically ensure that CSR will not encounter any political obstacles.
That's how business works.
It is not very easy to move Xu Teng.
It's not that those people in the Fubon department haven't worked hard, worked hard, worked hard, and found that they really can't do it, and those who were very cooperative with them in previous years are now trying to take a detour and not contact them.
Just like the matter of Rongzhou Rural Commercial Bank, both sides can't afford to provoke it, so they can only drag it and no one will give it.
No one gives, that's right.
Xu Teng doesn't care about what he gains or loses in this matter, Fubon can't get Rongzhou Rural Commercial Bank, and he doesn't have the financial resources to fight hard with the Huayin Consortium in the capital market on his own.
There was no trick, and they finally thought of Sister Su.
As we all know, Sister Su's small circle has always had an extraordinary relationship with the Huayin Consortium, and they have been working together for hydropower projects all year round, and Mr. Lu also helped once.
Everyone thought that Xu Teng was going to give Sister Su a favor.
Pity.
If it was three years ago, Xu Teng would probably give Sister Su a face, but now it is different, since the tide of A-shares in 2007, Xu Teng ascended to the throne of the world's richest man, and after the domestic hydropower projects were basically wiped out, on the road of business, it is basically Sister Su who asks for Xu Teng, not Xu Teng who asks for Sister Su.
All this, Xu Teng was very clear as early as 2005.
To do business and achieve this realm, he no longer needs to give any mortal affection.
Business is business, and everything is an exchange of interests.
Xu Teng didn't say anything, the rules have actually been drawn out, the profits of the two plates of coal, iron and oil, he can give it to the Fubon system and the oil system, the conditions are very simple, one is to buy his chess game with real money, and the other is to buy and sell in the financial field, he has the final say.
As long as it is in China, as long as it is a share reform of financial enterprises, he does not want it, and others have the opportunity to enter the market.
Whoever asks for it, whoever raises the price, is his mortal enemy.
Everyone is a businessman, you can weigh the weight, he Xu Teng is not an unreasonable person, Sunshine Insurance, Huatai Insurance are high-quality good companies, he doesn't mind others to buy shares, follow him to make a fortune.
Friends with backgrounds want to do business, yes, real estate, railways, electricity, there are good businesses everywhere, you are free, you don't have to give him face, he doesn't mind.
Not so with the financial industry.
The reason is very simple, this is the foundation of Xu Teng and Huayin Consortium.
There is no background, everyone competes freely by strength, it doesn't matter, he doesn't care, you have a background, it's different, you make him unhappy, he will definitely make you unhappy.
That's what Xu Teng's business does.
Whether you accept it or not, his rules are like this, if you are not satisfied, then face it head-on, there is a kind of you don't coward, don't find someone to intercede. (To be continued.) )