After the South China Weekly set off a wave of public criticism against the Huayin Consortium, the highest-level public relations team within the Huayin Consortium, the social public relations department of Huateng Company, made a comprehensive risk estimate. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

From the social public relations department to Xu Teng, the biggest concern is the historical debts of the Bo'an department, especially Xu Teng, because Xu Teng has an even more terrifying inventory report in his hand, involving the historical debts left by the Bo'an department in various provinces across the country in the past ten years, and more than 400 senior partners in various counties and cities across the country.

All of these numbers add up, and that's pretty scary.

There is also a very important issue here, that is, the "prediction" and influence of Mr. Xu's mother, especially concentrated in the period from 96 to 2002, whether it is the Xu family or the Huayin consortium, through more than 7,000 transactions across the country, a large number of suburban land, state-owned assets, coal and iron mines, gold and copper mines, from which to make terrifying profits.

Since 2002, the Xu family has reaped enough benefits and exchanged the best part of these "cheap assets" into the hands of the Xu family, quietly letting Zhang Liying "take advantage of the void", giving her the opportunity to acquiesce in her encroachment on the interests of the entire Bo'an system.

After 2008, the Xu family has basically emptied these assets through thousands of sales and related party transactions, and the best part of them has been incorporated into the Huayin consortium.

Since then, especially after Mr. Xu's retirement, the family wealth of the Xu family has been divided into two parts, one part is the family trust fund controlled by Mr. Xu's mother, whose assets are mainly located in Hong Kong, Macao and overseas, and the other part is the Huayin consortium controlled by Xu Teng, whose assets are mainly concentrated in the mainland.

This is the multi-handed preparation of the capitalists, just in case.

Xu Teng is very clear about the total amount of these "cheap" assets, as well as the ins and outs, so if people have not done bad things, they are naturally not afraid of ghosts knocking on the door, and if they do too many bad things, they will definitely be thieves.

Therefore, he made a miscalculation, thinking that this matter would cause an uproar, and there might even be a round of liquidation, in order to prevent the worst situation, he couldn't wait to sacrifice Zhang Liying and push out to take the blame.

It didn't turn out to be that way.

The final survey shows that the lack of interest in the historical debts of the Boan system in China is more complicated, and it is not surprising that it is still commonplace, after all, this is a microcosm of an era, and this was the case in that era.

Secondly, there is a process of changing the dynasty of the Huayin Consortium, and the Huayin Consortium that the public is really familiar with is the Huayin Consortium after Xu Teng served as the chairman of the consortium, and the Boan Department was dissolved after Xu Teng took office.

In other words, the current Huayin Consortium, represented by Xu Teng, is still positive, just, positive, and beautiful, and this beautiful corporate image is all-round, which is beneficial to the country, the rise of the nation, the rise of China's high-tech industry, the benefit of breaking the financial monopoly of central enterprises, the benefit of charity, and the benefit of China's medical reform...... In China today, it is believed that the Huayin Consortium is the best and greatest enterprise in China at the moment.

The factors that really have a huge impact on the positive image of the Huayin Consortium, all the investigation reports show a conclusion, people actually believe that the Huayin Consortium manipulated the sharp rise and fall of A-shares, and in the process, made huge profits, so Xu Teng has inexhaustible funds to invest in high-tech industries, and it is the kind of future high-tech that looks very far away.

This is a great injustice.

Xu Teng told the truth, he was more wronged than Dou E, and Feixue in June was nothing more than that, how could he have the ability to control the entire A-share market with his little arms and legs? It is undeniable that after the gradual withdrawal of the capital of the Xu family and the Huayin Consortium, it is tantamount to putting A-shares in a more dangerous position, but it is by no means the straw that crushes the camel's back.

Xu Teng was also worried about this in advance, but there was no way to solve it, because he did it, just like you punched someone before he died, although it was not your punch that killed him, others blamed you, what can you do?

Therefore, Xu Teng exposed another thing, that is, the Huayin consortium had shorted U.S. stocks on a large scale before the subprime mortgage crisis broke out.

Soon retribution came, first the domestic securities regulatory commission launched an investigation to find out whether the Huayin consortium was involved in shorting A-shares...... This is obviously a routine, some people behind the scenes of the CSRC are pointing fingers, the front is the "South China Weekly" broke the inside story, detonating the news, and the back is the CSRC out of the horse.

The A-share plummet, the CSRC has been carrying a lot of blame, and now it has finally found a scapegoat, of course, it will not be easily let go, the most important reason is that someone is behind the scenes, and there is no need to worry about the consequences.

As soon as the news was announced, all the stocks under the Huayin consortium began to plummet, and there was a lot of pressure to short.

This is still good, but what is more troublesome is that on the US side, several Republican senators have proposed a bill to verify the non-economic targets of overseas capital shorting the US stock market.

What are non-economic goals?

That is to say, these old and confused senators are still living in the Cold War era, believing that it was the Chinese who shorted the US stock market, triggering the subprime mortgage crisis and causing the United States to usher in the era of the Great Depression again.

This is certainly not Wall Street shirking responsibility, not a backlash by Wall Street forces, because Wall Street is the main force of short selling, and all Wall Street bigwigs know this.

Since the birth of the subprime mortgage crisis, almost all investment banks have used overseas capital to short the Nasdaq and Dow Jones indices, passing losses on to shareholders and other institutions.

Goldman Sachs is even more bullish, and it is the first investment bank to short US stocks and two houses.

Goldman Sachs knows better than anyone else, and the Jewish bankers on Wall Street know it well, and it would be an exaggeration to say that these bankers finally decided to sacrifice two houses and let the US government and the Federal Reserve take the blame.

Anyway, it was a divine assist.

This was not a big news in the first place, and even in the United States, the New York Times did not bother to report it, because there are so many such garbage bills in the Senate and House of Representatives that they simply do not meet the signature standard and will not be submitted to the official agenda.

Take 10,000 steps back and say, even if the senators are serious, Xu Teng's friendly congressmen from the Republican and Democratic parties in the United States can't stop it, Wall Street will find a way to block it, this really needs to be investigated, and they can't run away, okay?

However, the Huayin Consortium has a way to hype up the big news, and soon it will be on Phoenix Satellite TV and CCTV, and the provincial satellite TV, as long as you take the advertising fee of the Huayin Consortium, hundreds of millions a year, you have to broadcast the news, and you have to make a serious special report.

This is really a divine assist from the anti-China senators of the United States, which can be said to have saved Xu Teng's life and saved the Huayin Consortium.

Right.

The Huayin consortium is so evil, what's wrong with shorting A-shares, U.S. stocks are also shorting, I did the subprime mortgage crisis, who made me an international capital predator, can't I make money by this means?

JPMorgan, Goldman Sachs, AIG, we are a group, we are all short A shares and US stocks, what can you do?

In fact, no matter how Xu Teng explained, everyone believed that he controlled A-shares and made huge profits from A-shares.

As soon as the news came out that the US senators wanted to investigate the subprime mortgage crisis caused by the Bank of China Consortium, Xu Teng and the Bank of China Consortium were not only acquitted in China, but also became national heroes -- in fact, whether they were guilty or innocent heroes, they were very boring mortal opinions.

From a professional point of view, since I predict that A-shares will rise to the top, they will plummet later, and if I don't cash out, do I have to wait for death with hundreds of millions of shareholders?

The people don't think so, because the funds left by the Huayin Consortium are as high as hundreds of billions, and it is you who leave, so they plummeted.

In fact, there are some people with particularly extreme ideas who believe that the Huayin Consortium and the Xu family pumped out the capital of the stock market at the end of 2007 as high as trillions of yuan, which is too alarmist for anyone to believe.

As long as there is a reasonable person, if you think about it a little, you will feel that this is impossible, but it is really close to the truth.

From May to October 2007, the total amount of funds cashed out by the Huayin consortium from the stock market exceeded 1 trillion yuan, to be precise, 1.43 trillion yuan.

The reasons are complex.

In terms of the order of withdrawal, the capital of the Xu family is preferred to be withdrawn at the end of May and before mid-July, and the Huayin Consortium is withdrawn from the end of June to September.

The capital was withdrawn in October.

At the same time, Mr. Xu has adopted a business model of mortgage sales, you have no money to buy stocks, and you want to buy, as long as you can take out the collateral assets, you can buy the stocks held by the Huayin Consortium, many securities companies, not only Huaxia Securities and Huatai Securities of the Huayin Consortium, but also the brokers of other securities companies will also act as agents for these businesses.

They get uniform instructions to persuade you to buy which shares to buy with collateral.

Once the deal is successful, the mortgage contract will be discounted to the local microfinance companies and banks, and the Xu family has no direct contact with you from the beginning to the end.

This is one of those strategies.

In fact, Mr. Xu and the Huayin Consortium have taken a large number of measures to cash out, while ensuring that the A-share capital market is not directly affected, in the 1.4 trillion withdrawal funds, Mr. Xu actually occupies about 1/3 of the capital, and the Huayin Consortium occupies 40%.

From the end of 2005 to 2006, the Xu family withdrew more than $50 billion in international capital from Europe and the United States through overseas trust funds, and more than 60% of the capital came from bank mortgages.

This is a big gamble, and it is a well-planned Xu plan, which has been promoted by Xu Tu since ten years ago.

In terms of total amount, the scale of private equity capital entering the market is larger, but the harvest of cashing out is the lowest, because the big boss behind the boss who controls the private placement runs first, and then the boss runs away.

In view of the collapse of A-shares at the end of 2007, the performance of major domestic private equity funds is unsatisfactory, and it is common to make big profits in the middle of the year and lose big losses at the end of the year.

The water in this is very deep, very deep, as long as the CSRC seriously investigates, it can definitely be investigated.

To tell the truth, the collapse of A-shares at the end of October 2007 was of course due to the withdrawal of a large amount of capital, but the direct trigger was the stamp duty issued by the China Securities Regulatory Commission, which increased from 1% to 3%, triggering a large-scale market terror, resulting in the frenzied flight of retail investors and institutions who remained in the A-share market at the end.

The vast majority of private equity funds only "predicted" this information a few days in advance and began to clear their positions.

The China Securities Regulatory Commission is now coming over to investigate the Huayin Consortium with great fanfare, which is definitely taking the opportunity to shake off the blame.

Fortunately, there are also senior anti-China senators from the American conservative faction who have given a wave of divine assistance, as for whether there is Miss Holmes's assistance behind this wave of divine assistance, no one knows.

In short, Xu Teng and the Huayin Consortium escaped this catastrophe without danger.

More than 10 days later, under pressure from all sides, the China Securities Regulatory Commission slapped itself again and gave a relatively fair conclusion that the cycle of Huayin Consortium Capital withdrawing from A-shares was about a month earlier than the stock market crash, and there was no direct relationship between them.

Objectively speaking, even if the Huayin Consortium was the main culprit and the direct factor in the collapse of A-shares in 2007, how could it break the law?

Of course, earning this kind of money deserves retribution.

Xu Teng didn't blame anyone.

During this time, Xu Teng was very calm, or that sentence, if people don't know, unless they do nothing, the Huayin consortium benefited a lot through the ups and downs of A-shares in 2007, and directly wiped out hundreds of billions of debts.

From 2002 to 2007, the Huayin Consortium has been using bank loans and insurance funds to acquire listed assets, and it is precisely by taking advantage of the special market in 2007 that it has eliminated the internal layers of mortgage risks in one fell swoop.

Therefore, the Huayin consortium handed over to Xu Teng by Mr. Xu is a very healthy corporate consortium, and as a price, Xu Teng always has to bear these criticisms when the East Window incident occurs.

This is also the reason why Xu Teng's personal worth skyrocketed in 2008, because in 2008, the huge debts borne by Huateng Company and its subordinate industrial groups were basically emptied.

It doesn't matter, the money is all in your pocket, what if others scold a few words?

Throughout May and June 2009, for two months, the domestic public opinion around Xu Teng and the Huayin Consortium has been going back and forth, until the divine assistance of the US senator appeared, and finally completely reversed the situation and turned the crisis into safety.

In this back-and-forth controversy, Xu Teng's role as the head of a consortium and a young banker has become more and more prominent, completely beyond people's established impression of him, the impression of a technology upstart.

The entire business community and the domestic financial community have also begun to realize that Xu Teng, as the chairman of a consortium and the second-generation head of the Huayin Consortium, is obviously more modern and international than Mr. Xu's generation, so that the entire consortium can be completely reformed and the Huayin Consortium will be more excellent.

In China's capital market, the standout of the Huayin Consortium is already a big sight, and it is a well-known fact, especially in this wave of public opinion debate, more people, almost everyone is aware of this.

The strength of the Huayin Consortium is extremely terrifying.

Shortly after the release of the SFC's investigation report, Xu Teng decided to shoot the last arrow and end the debate with his own hands.

On June 14, he met with AMD's chairman and CEO at the Park Hyatt International Hotel in Ningzhou, and after several months of stalemate, he finally agreed to AMD's board of directors' asking price and signed a joint venture agreement.

Another bloody storm is coming.

Xu Teng maintained the original agreement with Jiangnan Province to locate the joint venture in Ningzhou, which was also the choice of AMD's board of directors, and both parties took a fancy to Ningzhou's 211 and 985 schools, as well as the relatively low operating costs and the conditions promised by Ningzhou.

Huateng Electronics Group Co., Ltd., a subsidiary of Huateng Corporation, has launched a joint venture plan with AMD with a total of 20 billion US dollars, with both parties investing half of the capital to establish a world-leading computer chip design and production center in Ningzhou, mainly covering the two fields of CPU and GPU.

AMD can't actually come up with that much money, and about $7.5 billion is the long-term financing provided by the Huayin consortium, which is equivalent to making a no-capital deal, providing technology and X86 licensing, as well as a large number of technology patents held by AMD Group itself.

For AMD at this time, this is undoubtedly a relief in the snow.

The same is true for SVB Silicon, which is already AMD's largest shareholder and holds more than one-third of the voting rights on the board of directors.

When the agreement was signed, almost all the leaders of Jiangnan Province were present, but they were accompanied by two leaders in charge in front of the stage, and the other leaders were waiting for the end of the entire business ceremony in the suites of the Park Hyatt Hotel.

After signing the agreement, Xu Teng and AMD Chairman Dr. Hector exchanged pleasantries for a while, and then left under the pretext of leaving the identity of the owner of the venue to Huateng Electronics Group and Luo Hongyan.

Xu Teng hurriedly returned to the suite of the provincial leader and met Governor Zheng here, and the two had known each other for a long time.

This time, Governor Zheng folded his hands to thank Xu Teng, took the initiative to get up and shake hands with Xu Teng, and patted Xu Teng, a young entrepreneur, on the shoulder.

If you are grateful, Governor Zheng will not say much.

They all know each other in their hearts.

Xu Teng made the final decision this time under pressure from Huzhou, and just two days ago, Huzhou sent another deputy mayor to persuade Xu Teng to change his mind.

Eggs can't be put in one basket, the more eggs Xu Teng puts in this basket in Huzhou, the higher the treatment he gets, the better, and the more he is restricted.

This kind of thing is a basic fact and a basic national condition.

Xu Teng has nothing to say, Governor Zheng has a deep insight into this, and they both know in their hearts that he will not commit the lessons of Huzhou's past, especially the A-share incident has made such a big fuss, but it has allowed more people to understand a basic fact - the capital power lurking in the shadows of the Huayin consortium is stronger, or in other words, the international capital that the Xu family can control is stronger.

This means that no one can regard the Huayin Consortium as a purely private enterprise, and whoever thinks like this will suffer a loss, Jianghuai Province has suffered a loss, and Huzhou has also suffered a loss.

The agreement is set, the contract is signed.

Governor Zheng can put his heart in his stomach, but there are still many things that he hasn't figured out, after all, Xu Teng is not a capitalist who can be seen anytime and anywhere, since he sees it, he always has to ask more clearly.

The two chatted in the room for more than ten minutes, and Governor Zheng felt the bottom of the prospects of the chip industry and this joint venture, and asked whether Xu Teng's long-term plan was worth the province to bet more.

The answer is yes.

Xu Teng wants to solve the CPU and GPU business in the computer field with the help of AMD, in addition, Huayin Consortium has also taken over the Loongson business through Huateng Electronics Group Company, which is also a cooperation project between Huateng Company and the Chinese Academy of Sciences for many years.

The state has high hopes for this, and a number of leaders have inspected Loongson's headquarters in the north.

The public and the country are generally confident, because this is the project of Huateng Company, backed by the super tree of Huateng Company, Loongson is definitely not lacking in support, but in the past few years, Xu Teng has not invested too much money and support in Loongson.

The reason is very simple, Loongson, as the CPU of the MIPS instruction set, is naturally isolated from the Microsoft empire, and can only use the Linux system, whether it is the PC industry or the mobile phone business, it does not occupy any advantages.

What's more, the relationship between Huateng and ARM is extremely special, and the entire Huayin consortium is also fully focused on ARM instruction set + Android system, and Android system is a joint business of Tencent and Google, Tencent holds 40% of the equity of the joint venture system company between the two sides, and 35% of the patent rights.

Xu Teng's positioning of Loongson is very clear, that is, the main server market, taking into account the MIPS instruction set + Linux system of the PC industry, in fact, the main military market, and the Huatong chip company, a joint venture between him and AMD, is the main PC market in the Asia-Pacific region.

In the end, AMD's parent company in the United States will focus on the GPU and FPGA market and transfer the CPU business to Huatong, for the simple reason that Xu Teng and AMD's judgment is almost identical, and the place with the greatest market value in the future is FPGA.

Therefore, Xu Teng's acquisition is Lattice, which ranks third in the world's FPGA, which is also the only target he can start, while the two acquisition targets locked by AMD and Intel are the first and second giants of FPGA.

In fact, with the current market size of FPGAs, these three companies are not qualified to be called the Big Three.

Xu Teng made the earliest and fastest move, before the United States noticed, first used overseas funds to acquire Lattice, moved the headquarters to Ireland, and then used Huateng Company and Phoenix Capital to complete the final holding.

AMD's acquisition is in the process of starting, and at present, it seems that Intel is the latest to start, and the target is the strongest, and it is estimated that it will definitely have to pay a sky-high merger and acquisition contract.

Xu Teng roughly said these things, Governor Zheng must not have understood, anyway, what is CPU, he is still clear, since in the strategic planning of Xu Teng and Huateng Company, Ningzhou's discounted Huatong Chip Company is mainly engaged in the CPU industry in the Asia-Pacific PC market, and wants to compete head-on with Intel, Governor Zheng is relieved.

Intel is truly scary.

But with Xu Teng running this industry behind the scenes, Governor Zheng feels that there is no big problem, at least he can compete for a place in the second largest place in the world, right?

The second largest CPU company can't do it, and the third largest CPU company is always fine, right?

Governor Zheng is still very confident in this point. (To be continued.) )