Chapter 315: Embarrassed
After waiting year after year, the US financial crisis finally broke out.
The Xu family holds a large number of technology stocks in the United States, and it is almost impossible to avoid this wave of crisis, but it doesn't matter, it is acceptable to kill a thousand enemies and lose 300 yourself. Pen × fun × Pavilion www. biquge。 info
The 2008 financial crisis was already in its infancy as early as 2007, but it was overshadowed by the Fed's loose monetary policy, and from January to May 2008, the Fed cut interest rates four times, just to save Fannie Mae and Freddie Mac, who were mired in the MBS quagmire, but it still did not work.
On August 1, 2008, the stock price of the two houses collapsed.
After many years, Mr. Xu rarely went into battle in person, spanning a distance of 14,000 kilometers, manipulating the family trust fund on the other side of the Pacific Ocean, and detonating these two bombs in advance, which can be regarded as a gift package for the Xu family on the 81st Army Day.
As soon as The-Shunfamliy made a move, the effect was leveraged.
As early as the 1997 Southeast Asian financial crisis, Mr. Xu set up a hedge fund in Hong Kong.
After 2002, the hedge fund moved to Singapore, because Singapore is the first ally of the United States in Southeast Asia, and it can be called the two hardcore hounds with Japan in the north and Singapore in the south.
Wanwan is also a lackey of the United States, but the level is much lower, not as good as South Korea, and you have to bring your own dog food.
The United States is really good to Singapore, and while trying all kinds of strategies to disrupt Hong Kong, it also supports Singapore to replace Hong Kong as an Asia-Pacific financial center and curb China's dominance in the financial industry.
After Hong Kong's return to China in '97, a large number of hedge funds began to leave Hong Kong and set up camp in Singapore.
Mr. Xu is not exempt from vulgarity, because hedge funds registered in Singapore can not only avoid various taxes and regulations in the United States, but also be equivalent to trading in the United States.
To tell the truth, the United States really regards Singapore as its own son, and the back door opened in Singapore is big and open, and there is no regulation, which can be called the best springboard for attacking the United States.
The two-room crisis has been brewing for a long time, the Federal Reserve is busy bailing out the market, and the traitors on Wall Street are busy killing the two-room people, how can these financial wolves care about the life and death of the American people and the country.
Mr. Xu invested tens of billions of dollars in hedging, which is not the main force.
This time it was really tragic.
Dow Jones fell directly, and the institutions that invested in the two houses suffered heavy damage, which is not the collapse of the Huayin consortium, but the collapse of the two houses, and the asset scale of the two houses is basically equal to the size of the Huayin consortium multiplied by seven.
Yes, it's such a big handicap avalanche.
The two houses are just the beginning, but all the investment banks, institutions, insurance companies, and governments that invest in subordinated mortgage bonds have not lost their eyes as red as blood.
Liangfang, Lehman, Merrill Lynch, and AIG can be called the five major companies with the most serious damage, and Citigroup and Morgan are no better.
This is the legendary collective play prostration.
The Xu family is one bright and one dark.
Xu Teng is in the light, of course, there can be no action, Mr. Xu is in the dark, it is different, Mr. Xu has been personally controlling all the family trust funds since he retired in January, gearing up, actively preparing for the war, just waiting for this wave of earnings and complete retirement.
So, from 9:30 p.m., the U.S. stock market opened, the two houses collapsed, and until 4 a.m., the U.S. stock market was suspended.
Throughout the Army Day on August 1, Xu Teng was in the company, pretending, and was temporarily called to the company by Han Dai and Luo Hongyan to look at the big screen.
Mr. Xu definitely didn't sleep either.
The father and son have been texting each other, and as for what they have sent and received from each other, only the father and son know.
There was really nothing Xu Teng to do, he just stood aside and watched the excitement.
For so many years, when it comes to stock market trading, he has always been a little ignorant, more than ordinary stockholders, and a lot worse than average traders.
So at this moment, he definitely doesn't make a move.
Almost two weeks, on August 14, Lehman and Merrill Lynch, two of the four major investment banks in the United States, broke out in bankruptcy crisis ahead of schedule.
Here's your chance.
Xu Teng finally flew to Wall Street and stayed at the Park Hyatt Hotel in Manhattan, New York, which is only 500 meters away from Wall Street.
The hotel actually has a history, being roughly the first five-star hotel built by the Pritzker family in the 70s, and later evolved into a new line of brands.
The hotel in the 70s is not as modern and dazzling as the new century architecture, and the construction technology and overall design are also imitating the neoclassicism of the 20s of the last century in the United States, with a strong European style.
There are four presidential suites throughout the hotel.
Xu Teng booked two rooms, lived here, arrived in the morning Eastern time, and invited Goldman Sachs' president Blank Fen at noon to bargain about Goldman Sachs' stake in PN Financial Group, and the two sides bargained and talked for a whole year.
Now it's finally not.
A glass of wine, 5 minutes.
Sold at the mid-price of $1.2 billion.
This price is 25% higher than the share price of PN Financial Group in Hong Kong, and the premium of 25% seems to be Xu Teng's loss, but the problem is that PN Financial Group's stock price has been at a historical low since the A-share avalanche.
The point is that Xu Teng paid 1.2 billion US dollars, and his shareholding in PN Financial Group finally exceeded the 50% mark, an increase of 0.2 points, 50.2%.
Now, Xu Teng can let Guo Yongzhe get out.
Doing business is like this, since there is a kind of provoking a game, there is a kind of trying to maximize the benefits for yourself, there is a kind of acceptance of the tragic outcome of being defeated.
Brankfin is a Jewish-American.
On Wall Street, it's normal, it's wrong, it's normal.
"I have heard that this cognac is a product of your family, very respectable, very good wine. Blankefen drank the last bit of Richard cognac in the glass, and didn't mean to ask anyone to continue pouring the wine, looking at Xu Teng, he probably gritted his teeth in his heart.
Yes, it's cheap.
All along, the president of Blankfin has tried to exchange these shares for the shares of Google held by the Xu family, but it has always been impossible to negotiate.
As a result, I didn't expect that Huateng Company talked about it again and again, but it was not in a hurry to trade, until it had this once-in-a-lifetime opportunity that it finally made a decisive bid.
Goldman Sachs has been relatively less affected by this crisis, but it also needs a large amount of liquidity to deal with the new risks that may come in the future.
"The shares held by JPMorgan Investment Bank are actually easier to buy. President Blankfin has always had a question, I don't understand why Xu Teng didn't buy the shares held there first, although it was a little less, it was a good opportunity to fall into the well.
"Who said I wouldn't buy it?" Xu Teng explained with a smile as he drank his glass of Richard cognac, "Obviously, Morgan still needs a while to feel his own danger, and after the deal between me and you is concluded, the demand for the part of their equity will be reduced, which is suitable for me to further reduce the purchase price." ”
"You are so young, but you are a natural businessman, so, the next time we talk about things, please remind me to try to cooperate with Huateng Company. As your head of state said, win-win cooperation is also the principle of profitability between enterprises. "President Brankfin means to let Huateng sell his domestic teammates and join forces with Goldman Sachs to make money, starting with fooling the government.
"The magnitude and scope of this financial crisis is far beyond what was expected, and according to our statistics, it will deal a severe blow to the global economy, with consequences no less than the 1997 Southeast Asian financial crisis...... There's no doubt that it poses a huge threat to China's economic growth goals, so I think we can reach a common statement, or some other form of cooperation, to lobby the Chinese government to introduce a massive economic stimulus and to work with the United States to implement ultra-loose monetary policy to deal with this crisis. ”
"My opinion, not only professional, but also the advice of some important people within the U.S. government, I think the Chinese government should follow our advice, which is the greatest contribution to the world economy, and again, it is good for your company, and it is good for your family. "President Brankfin is not only a Jewish-American, not only a Wall Street financial tycoon, but also a bald head.
Brilliant and brilliant!
In Xu Teng's eyes, this person is an out-and-out old man, and he is a successful example of a person who has been engaged in sales for more than 20 years and has changed his career from commodity sales to Wall Street.
In the original company, Lloyd Brankfin was a gold medal salesperson for ten consecutive years, and after joining Goldman Sachs, he has been engaged in commodity trust investment for a long time, and the profitability of the business unit has always ranked first among all departments of Goldman Sachs.
After the former chairman of Goldman Sachs became the US Treasury secretary, the vice president stood out as the new chairman, and this time will also lead Goldman Sachs through the subprime mortgage crisis with ease.
It is said that Blankfin would also like to take on the post of US Treasury Secretary.
Wow.
These capitalists are really bold.
There is no doubt that Goldman Sachs is ready to advocate a momentum to encourage the Chinese government to introduce large-scale stimulus policies to reverse this year's decline and make a big profit by investing in A-shares and Hong Kong stocks.
Blankfin guessed right, the Chinese government will definitely introduce economic stimulus policies, the question is big or small, he bets big...... Of course, it turned out to be bigger than he expected.
However, as for the size of the scale, the proposal of the Huayin Consortium is to continue to consolidate the investment decision-making power of major projects in the central government, avoid duplicate investment in backward industries by local governments, strengthen investment in high-tech industries, and control the scale at 3 trillion yuan, and the central government will bear 2 trillion yuan and local governments will bear 1 trillion yuan.
Or 1.5 trillion each.
Wanwan is also begging for help, is organizing a group lobbying, through the ****** to express opinions, hoping that the mainland will increase the purchase of panels for Wanwan -- this thing was really successful later, but unfortunately, Wanwan is notoriously shameless, and when the economic situation improves in two years, he will turn back and join Japan and South Korea to raise prices, specifically killing the mainland.
Xu Teng and the Huayin Consortium do not intend to stop or dissuade this matter, because it is this incident that allows the central government to thoroughly see the faces of these so-called Taiwan-funded businessmen and set a national policy to bring down Wanwan's semiconductor industry.
Of course, we don't mention the life-saving boat that broke Wanwan, we mention industrial upgrading, industry 4.0, and the national semiconductor industry fund, which does not fight against any party, neither Europe and the United States, nor Japan and South Korea.
What we are mentioning is win-win cooperation, creating a better future, and striving to make your money-making industries into street goods as soon as possible, and everyone drinks the northwest wind together.
From shirts to airplanes, from leather shoes to mobile phones, from buttons to chips, we actually do it all.
We advocate the export of production capacity, that is because developing countries are already poor and can't open the pot, which is not conducive to me to make chips, build airplanes, I build them, you have to have money to buy them.
As for the developed countries and regions, wouldn't it be good for all laid-off workers to eat welfare?
Purely theoretically, the global free trade system of Europe and the United States is really perfect, and the imperfection is that the Chinese are too diligent and studious, and you are too lazy and stupid.
This involves a fundamental problem, the nation, to a large extent, is unequal, some nationalities are naturally strong, some nationalities are naturally stupid, some nationalities are naturally lazy, engage in a global free trade system, isn't that not an African safari, tigers and lions can eat whatever they want?
After the subprime mortgage crisis, Europe and the United States have been advocating structural reform, but in fact, Europe and the United States have no way to carry out structural reforms, which is a system problem, a system problem, and a cultural problem.
The extremely intelligent Chairman Blankfin did not think that far, but at least he was clear about one fact -- it is very difficult for the US economy to climb out of this pit, and it must shear China's wool.
The debt problems of the United States and Europe are already very serious, and China is the only country that can really introduce large-scale economic stimulus.
Chairman Brankfin is really smart, and he is ready to join forces with the Huayin consortium to partner with China to introduce a big economic stimulus policy, and by the way, pull Goldman Sachs and the United States out of the quagmire.
As the so-called heroes see, they see the same thing.
Xu Teng also felt that it was very reasonable to do so.
In the dining room of the presidential suite at the Park Hyatt Manhattan, a bottle of bright red Richard cognac had just been drunk and rested on the table, two empty glasses, one the chairman of the Chinese Huayin consortium and the other the chairman of the American Goldman Sachs Group.
This is obviously going to be embarrassed.
4 trillion, whether this is a good policy or a bad policy, no one can say.
Many years later, many accused this of being a bit too large, but without the economic stimulus of this scale, would China's rapid growth from 2008 to 2012 be repeated?
Xu Teng does not intend to interfere with history, and being familiar with the trajectory of history is his greatest weapon.
If there were no exceptions, the 4 trillion policy would definitely still be launched.
Xu Teng's plan, the plan of the Huayin Consortium, and the plan of the Xu family must be to take the opportunity to make a wave, greed is good, human beings will make progress because of greed, and the Xu family will not stop the pace of development.
Of course, Xu Teng will not tell Chairman Brankfen, nor will he tell the other party about the plans of him, his family, and the consortium, and it is his style and what he should do to take the opportunity to get a vote.
Because he is a capitalist, he is so mercenary by nature!
"Supporting the central government's massive economic stimulus is something we are also willing to promote, and of course, we need help. Xu Teng is going to bring up an exchange chip.
"We are allies, and I would even say that you will always be an ally of Wall Street. Chairman Lloyd Brankfin had already seen the dance of hope, as if he was in Hawaii, and he personally got up to pour wine for Xu Teng, ready to wish a happy cooperation.
"I want to buy Land Rover, Jaguar, Aston Martin's car business from Ford Motor Company, as well as Ford's stake in Mazda, and through this deal, I can roughly avoid Ford filing for bankruptcy reorganization. Xu Teng took out a business card from his suit pocket, printed with his phone number, and handed it to Blankfin, "Let Mr. Bill Ford call me." ”
"I don't think Ford has that much of a crisis at the moment...... Of course, given some of the special circumstances, and the current situation, this may be a deal that can be done. As I said, Wall Street is happy to work for the-shunfamliy, and we are in partnership to get the global economy back on track, which is both our job and the-shunfamliy's responsibility. Chairman Brankfin swore that only he knew what he was thinking.
Anyway, he didn't know what Xu Teng was thinking.
"We're friends, and there's a huge space for us to work together, no matter what we do. Chinese have a famous saying since ancient times, in business, in business, in English, businessmen are businessmen, business is business, make profits, create jobs, create more rich people, this is our duty, Your Excellency the chairman. Xu Teng said with a high-sounding expression, and his expression was calm and noble.
Even in front of Wall Street, he is entitled to be noble, because he is the heir to the-shunfamliy.
On Wall Street, no one is richer than him, and that's the last word.
Goldman Sachs and Wall Street need the Chinese government to introduce a large-scale economic stimulus policy, cooperate with the Federal Reserve's QE ultra-easing program, turn the situation around, turn Wall Street into a profit, and let Wall Street make money again.
Xu Teng also needs large-scale economic stimulus policies to make the stock price of A-shares take off again, let land prices continue to skyrocket, and let the Xu family take the opportunity to make a big profit from the iron ore and oil futures they hold.
In this matter, they must be embarrassed.
Take advantage of this opportunity.
Xu Teng went to the United States this time, and the company that really wanted to be in charge was AMD, but this matter must not be said that AMD has long been in trouble since the peak of 2006.
Investing in AMD is a not-so-smart business, but Xu Teng has to do it.
He was even ready to choose a new chairman for AMD, Miss Elizabeth Holmes, and SVB's vice president of Silicon Silver was the perfect candidate.
The acquisition of AMD will also be carried out by SVB Silicon Silver.
This time, Xu Teng could only watch the excitement behind the scenes.
AMD's stock price has fallen to an unprecedented trough and continues to plummet, as a high-tech company that is barely profitable and may lose huge amounts at any time, AMD is really miserable and really not worth the financial investment.
Xu Teng values AMD's technology accumulation.
On top of that, AMD's institutional ownership and board of directors are only 30% large, and a large number of outstanding shares are scattered in the global capital markets, which is really easy to acquire compared to Intel.
Xu Teng's ambition is very big, and his courage is definitely not small, and it is estimated that others really dare not think about such a thing as acquiring AMD.
In fact, in the capital market, there is no unattainable enterprise, as long as you have money, tactics, and strategies, it is possible to acquire any company, the key is whether you dare to take risks and gamble.
In this matter, Xu Teng does not need Goldman Sachs to come forward to assist in the negotiations, SVB Silicon Silver Company and Miss Sherlock Holmes have been preparing for more than half a year, since January 2008, Huateng Company quietly started joint venture negotiations with AMD, and has been behind the scenes, ready to control AMD.
This is called the Ming plank road, and the secret crossing of Chen Cang.
Deep in Xu Teng's heart, the dream of a powerful scientific and technological power will never be lost, he just faces the reality and must choose some more astute strategies. (To be continued.) )