Generally speaking, an expert with a very high status like Jiang Ningyuan does not need to say some non-academic opinions that are too sensational, he is telling the truth, but the conclusions are very unprofessional, a bit arbitrary and conspiracy theories, and the objective results caused by various historical factors are said to be the subjective plot of Wall Street. Pen fun and pavilion www.biquge.info

Old Jiang, the old devil, naturally has his intentions.

In the case of the collapse of the Beihai system, Ding Fugen borrowed 37 billion sell orders, and the final book profit was 1.335 billion, borrowing 100 yuan, earning 3.6 yuan, deducting taxes, deducting various borrowing costs and bank lending rates, and almost losing money.

The entire Huayin consortium, Huaxia Bank, Huaxia Securities, Huatai Securities, Fuxin Bank, Haixing Investment Company...... More than a dozen institutions jointly operated, and the net profit after apportionment is estimated to be about 2.5 billion, half of which is concentrated in Haixing Company.

It's big business in the financial markets, and it's rare to encounter it twice a year, but the numbers don't lie.

In 2004, ICBC was the first of the four major banks, with an estimated annual operating profit of 74 billion yuan and a net profit of about 30 billion yuan, and the holding groups of the entire Huayin consortium together had an annual operating profit of nearly 70 billion yuan and a net profit of 37.78 billion yuan - of which 21.85 billion came from the financial industry of the Huayin consortium.

In 2004, Vanke's annual net profit was 890 million yuan, and TCL's annual net profit was 325 million yuan, which added up to less than 3% of the total annual net profit of Huayin Consortium.

ICBC's one-year net profit is 34 times that of Vanke, and Huaxia Financial Group's one-year net profit is 47 times that of TCL.

Without contrast, there is no harm.

On the afternoon of the first day of the first annual meeting of Huayin in 2005, Jiang Ningyuan analyzed all these data and repeatedly compared them with Vanke\TCL and Huaxia Financial Group.

Wang Yan's face has always been white, and Li Dongsheng's face has always been black.

Xu Teng has been in a daze, absent-mindedly listening to Jiang Laomo's analysis, Lao Jiang is very face-saving, and did not compare Huateng Group, because Huateng Group lost money in 2004, and the loss was very miserable.

A capitalist's net worth and making money are two different things.

Xu Teng not only did not make any money in 2004, but also lost billions, but his net worth has been rising, because his Huateng system has 7 listed companies.

This afternoon, Xu Teng was in a daze, he thought of a lot of things, thinking of a few years ago, when he was a freshman, he suddenly had the horror of 100 million cash in his hand, and Chen Jian told him about the horror of more than 100 million yuan in negative assets.

Now, everything is in the light of the parents.

He sits here, with a net worth of 165 billion, and has borrowed 40 billion yuan to invest in Huateng Group, listening to Jiang Laomo's analysis of how to establish China's No. 1 consortium, and finally join forces with the four major banks to overthrow the financial hegemony of US imperialism...... It's ridiculous, these co-partners, who is not a business tycoon, is actually fascinated by it.

It was all like a dream, yet so real.

He could see the sunlight shining on the windows, reflecting a rainbow of light, he could feel the warmth of the south, he could feel the humidity in the air, and he could feel the breath of everyone around him.

Jiang Laomo provoked a general direction and topic for the establishment of China's first consortium, and then everyone spoke, reminiscing about 2004, talking about 2005, and extrapolating the business development trend in the next few years.

Xu Teng didn't seem to hear a word, he liked this feeling of soul emptying, he didn't think about anything, he just felt his own existence, like meditation, as if he could feel the blood flow in his body and feel the beating of his heart.

It's getting late, and the sun is shining.

Throughout the afternoon, Xu Teng relived his 12-year life course from the age of 10 to 22, reminiscing bits and pieces, thanking his parents, Goddess Shuangli, Lao Jiang, Chen Jian, and Yu Da Beauty, for letting him live so happily.

So much so that he could not find any regrets.

It's been an amazing journey of life.

This time, he has no regrets in his life, he can't find anything that makes him regret, he has written science fiction novels, acted in movies, and once started a business with his classmates in a way that even he found funny.

He has been a young proprietor, a prince, a liar, a bastard, a bad thing, and a lot of people, but he is very happy and excited.

He was very happy to kill Chen Anbang and support Chen Anbang again.

Killed Chen Yongnian and supported Chen Yongnian again, he was still very happy.

He was even happier when he killed Han Jun and cheated in front of Han Jun and pretended to be innocent.

He borrowed a large sum of money to fund Miss Holmes to devote herself to politics and help Bush Jr. succeed in his re-election.

He estimates that investing in business in the United States in the past few years should be very smooth.

He recalled another life memory, once upon a time, he was actually very envious of the life of his high school classmate Chen Yulong, who was born a rich child, and when he graduated from college, he was already the son of the richest man in Jianghuai.

What a cool life.

He didn't expect that he was more pompous than the other party.

I grass.

He can't find fault with his life anymore, and he has no ideals at all.

Knock knock.

Jiang Ningyuan knocked on the table and reminded Xu Teng to come back to his senses, and he had been out of the matter all afternoon, which was not good, "Xiao Teng, everyone has made a very warm speech, you are the Shaodong family, the first heir of the Huayin Foundation, say a few words." ”

"I don't really have anything to say." Xu Teng held his chin with one hand, turned his fair face sideways, and quietly looked out the window, looking at the elegant posture of a small freshness and small fresh meat.

Every business tycoon present knew that Xu Teng had been outside the iQue window and had no intention of holding a meeting at all, but no one dared to interrupt his distracted state, except for Lao Jiang.

"Your father is not here, so you are responsible for saying a few words on behalf of the Xu family." Jiang Ningyuan took a sip of tea, for the sake of the old Xu family's family business, he was also exhausted, and today he said that his mouth was dry, to ensure that everyone can work with one heart, closely focus on the financial hegemony of the old Xu family, and create a stronger and more united Huayin consortium.

the-shunfamliy！

Among the entire Huayin consortium of the Xu family, the enterprises with the highest holding ratio are Tencent Group and Huateng Group, the former is more than 75% absolute holding, and the latter is more than 70% absolute holding.

This is because of Xu Teng's relationship, exception, strictly speaking, these two companies are not the core pillars of the Huayin Consortium, at least not at this stage.

In addition, the companies with the highest holding ratio of the Xu family are Huaxia Financial Group and Macau Galaxy Capital Group, with more than 50% of the family absolute control.

In this case, Jiang Ningyuan took the lead in standing up and asked all colleagues to adhere to the financial industry as the center, that is, to continue to take Huaxia Finance and Galaxy Capital as the core pillars, and concentrate all resources to promote the development of Huaxia Finance and Galaxy Capital.

The old shopkeeper has been busy for a long time, and the young owner has been enjoying the fun of being in a daze, which is really unreasonable.

"Then I'll just say a few words, the industrial policy of Huayin in 2005, you have made it very clear, I have nothing to add." Xu Teng still held his cheeks with one fist, no longer looking out the window, but at the table of the conference table, thinking about it, very cautious, "With the development of the Huayin system to this day, the ideal has become particularly important, and the ideal of being China's No. 1 consortium is very good, but it is only very good." I don't have much to say, none of us are short of money, but we may lack some imperialist ambitions. ”

Jiang Ningyuan is thinking about the Xu family and hopes to continue to implement the strategy of taking the financial industry as the core, but Mr. Xu and Xu Teng have some different opinions, and they are embarrassed to say.

At this time, Xu Teng just mentioned it pointedly, but he didn't want to, and he couldn't say it too clearly.

"You mean that the financial industry should be developed, and the technology industry and heavy industry should also be promoted?" Jiang Ningyuan knew Xu Teng very well, and he understood Xu Teng's meaning in an instant.

"My meaning is very simple, in addition to financial real estate, the two easiest industries to make money, other companies are doing, and doing a good industry, we try to invest as little as possible, do what other companies can't do, do to do the first industry in China." Xu Teng decided to say it more clearly, this is what he meant, and it is also Mr. Xu's heart, so I'm embarrassed to say it.

The Xu family is such a tiger.

Why doesn't Xu Teng support Mei Jiali to invest in electricity, just because this thing is the dominant industry of the five major power generation companies, plus Zhongrun, Guohua, SDIC, Zhongguang, the nine major power generation companies dominate the world, invest in wool, and have IQ problems.

Mei Jiali is quite stubborn, Xu Teng said it n times, and twice they quarreled at breakfast, but now she simply doesn't say it, whatever she wants.

"If you have such a clear idea, then you have to say it earlier, you said that we have so many big guys, all of them are guessing your thoughts, but no one can guess it." Jiang Ningyuan was very dissatisfied, this is not a waste of time, after a long time, everyone was talking nonsense all afternoon.

Lao Jiang and Ma Guangyuan are the most involved, and even the Jewish financial empire from Venice in the 14th century to Wall Street in the 21st century has been spoken, which was originally the emotion that Lao Jiang Xiaoma Xiaoxu inadvertently chatted about during a small talk.

Ma Guangyuan forced himself out, wanting to persuade all the joint partners to continue to adhere to the strategy of putting finance first and ensure the interests of the Xu family.

"It's easy to say, it's hard to do." Xu Teng really doesn't want to make it too clear, the Xu family is relatively tiger, and they are engaged in chips, storage, and panels in China...... and other large investments in the industry, even if they are messed up, it doesn't matter, because in addition to the Huayin Consortium, the Xu family also has family trusts overseas, holding shares in Apple, Google, Amazon, Flix and other companies, and the number of shares held is not low, so that they all have seats on the board of directors.

The joint partners of the Huayin system in front of them are different, and once the large-scale domestic investment fails, the losses of these bigwigs are very heavy, especially the parties involved.

"It's not too late, eat first, and you will discuss it tomorrow for another day." Xu Teng looked at the time and decided to go to dinner first, not to express more opinions, and let these joint partners of the Huayin Consortium vote on their own tomorrow on whether to follow the Xu family.

At the annual meeting of Huayin Consortium at Phoenix Mountain Resort Hotel, three meals a day are mainly buffets and business packages, with a rich variety of Chinese and Western foods, which can be enjoyed at will.

Xu Teng didn't even go to the restaurant, he went back to the room to play games, and asked the chief foreman Hua Lingling to go to the restaurant to make an order, and bring it back for him and Mei Jiali to eat in the room.

Throughout 2004, Xu Teng actually didn't make any money, the most important money-making business is games, last year in the domestic and overseas markets won 700 million US dollars in operating income, other major revenue business is search and online advertising, other basic losses, especially e-commerce, the loss is very bad.

Tencent Group's main force to make money this year,Apparently "World of Warcraft", just in the domestic internal test in January, the ten groups of servers in the first district belong to the undeleted internal test, Xu Teng himself in the first district and four servers "Treasure Bay", played an elf hunter, no other meaning, just want to give others the hunter mark.

He just plays casually, and he doesn't plan to spend time brushing dungeons, it's more comfortable to train a hunter, and he can slowly brush tasks alone.

The black card group and classmates, many people are playing, they are all in this district, and a union has been established, the level is not high, and you have to call the masters of the game test team to help with the copy, such as Zhao Pu, dwarf mt.

Zhao Pu basically doesn't have much pursuit of life, prefers to play games, pretends to play tests in the company during the day, goes home to continue playing, and invites a few boosters to play gold...... This was Xu Teng's idea for him.

Xu Teng also has a booster, the maids in the family, Peach and An Ruofei all have the female number of the alliance, a female warlock, a female mage, Xia Li played an elf Xiaode, and played Warcraft with Xu Teng in a mess.

Although it is a pvp suit, Xu Teng estimates that he can't pat the orcs with a few maids, just play quietly and enjoy the game.

Anyway, life is very comfortable, and time is spent on squandering.

He was playing the game.

Mei Jiali was eating a set meal in her room while reading the financial report.

Xu Teng is to tell the truth, Mei Jiali's life is very noble, but it is actually very monotonous, especially compared with Xia Li, Xia Li is really a little interested in everything, she has tried everything, and Elf Xiaode is also very interesting.

After all, it was the annual meeting of the Huayin Foundation, and it was inconvenient for Xu Teng to bring two wives and four or five maids over, so only Mei Jiali and the flower foreman came over, and the maids who accompanied Xu Teng to play games during this time were playing with Xia Li at home.

Their level has improved so quickly, they have reached level 35, and they have gone to the desolate place, Xu Teng is still in the Valley of Thorns, Jin Xiaotao has been helping him level up in the afternoon, and he has caught an orangutan pet, but it is useless.

Xu Teng still continued to use his black lion Xiuma, and the attack speed was still alive, after all, it was the 45s, and it was not bad to have Xiuma, so let's slowly squat at level 45 to guard the broken teeth.

Mr. Ma of Zhongqu Group sent a few text messages to Xu Teng, asking if Xu Teng was attending the annual meeting and inquiring about the news, Mr. Ma actually hoped that Xu Teng would invite him to attend the annual meeting.

Within the scope of the entire Huayin system, being able to participate in the annual meeting twice a year can represent that your level is very high, belonging to the top level of the consortium, and being able to participate in the high-level decision-making of the entire consortium.

Xu Teng just glanced at the text message and didn't give him any reply, because this Mr. Ma is really not qualified to participate in the annual meeting for the time being.

It's just this time period when I read the text message, he was actually attacked and killed by a tribal thief, and he must have been very angry in the past, but now he is not angry, he is very casual, and he will change places to do tasks again.

The game has just started the internal test, everyone is very enthusiastic and passionate, and the pvp suit is even more lively every day, very good, Xu Teng has already felt it, and the rolling river of cash is pouring into his pocket.

As long as you can make money, you can be happy to be killed.

Tencent Group is betting on "World of Warcraft", investing $84 million to purchase the top server configuration, and as long as the cost can be recovered in the first year, Xu Teng is already very happy.

Throughout 2004, except for Tencent's communications division, Tencent Group's business in other areas was still very smooth, instant messaging, security, games, search and e-commerce in the domestic market share occupied an absolutely dominant position, and the development of wireless business was also very fast.

The pattern of the domestic network industry is one super five, Tencent first, Zhongqu second, Baidu third, followed by the three major portals, Zhongqu is a holding subsidiary of Tencent Group, and Sina of the three major portals is also controlled by Huayin.

One super five strong, Huayin department accounts for half.

However, Zhongqu Company lost 140 million last year, and Tencent's net profit last year was only 2.15 billion, which is already very good, more than the net profit of the other top five combined, because Baidu is also at a loss.

The profitability of the three major portals basically depends on the ringtone business, which is called wireless value-added, NetEase's game business is surrounded by Tencent Group, and the revenue figures have not been particularly ideal, but it is still much better than the other two.

Sina's "Lineage 2" has a low market share, and it is not as good as Tencent's "Magic Sword", which has been operated for two years, because "Magic Sword" has slightly lower requirements for machine configuration, which is lower than "Warcraft" and "Lineage 2", and the gameplay is very special, and there are still a lot of diehards.

At present, the two most profitable games in China are "Legend" of Shenzhou Media and "Miracle" of Tencent, which have been rising steadily.

The thieves of that tribe are too passionate and kill people everywhere.

Xu Teng was killed again, he was not in a hurry to resurrect, sat in front of the computer in a daze, drank a cup of tea, and simply sent a text message to Jin Xiaotao, asking the maids to continue to help him train.

Phoenix Mountain Resort is located on the top of the mountain, surrounded by low rolling mountains, in this dark night, it is like a cloudy mist.

Xu Teng sat on the windowsill, holding a glass of cognac in his hand, quietly sipping it, playing games is a good relaxation, especially with a group of beauties, all kinds of chaotic and evil brush low-level dungeons, very interesting.

He is actually very envious of Zhao Pu, who has tens of millions of assets, a house and a car, and a father who is the deputy mayor, who can play games whenever he wants, play as long as he wants, and dominate the game.

He can't, he has too many responsibilities, too much weight.

The entire Huayin Consortium has just begun to hit the road, just like the level 40 of the 45-level capped version of "World of Warcraft", there is still a long way to go in the future, and the most professional team must be formed to open up Naxxramas and Icecrown Fortress.

Although, he has been losing money now, the first model of Huateng Automobile, the newly listed Roewe 750 is not selling well, the upcoming Huateng "Tiggo" SUV and hatchback small car "Lechi", he does not dare to have too many expectations, the investment in various industrial 3.0 high-tech industries is only paying, there is no return, but he is still very optimistic.

As the saying goes, with great power comes great responsibility.

Xu Teng is equivalent to borrowing all the net profits of the Huayin Consortium in 2004 to invest in Industry 3.0, which is also false to say that there is no pressure at all.

Mei Jiali's hydropower and oil investments are all gods, and without five or six years of continuous investment, there is no possibility of profitability at all, the risk is high, and the return on investment curve is too long.

It doesn't matter, anyway, the Xu family is such a tiger! (To be continued.) )