On this afternoon in the courtyard of the He family at No. 19 Houhai North Road, Xu Teng's decision after repeated thinking is likely to plunge the whole world into a very dangerous situation - imagine that China's total trade surplus increased from 3.7 trillion yuan to 5.4 trillion yuan in 2015, what does it mean?

What does it mean for the United States to widen its total trade surplus from $800 billion to $1 trillion in 2015?

In a way, it may well be the end of the world. Pen % fun % Pavilion www.biquge.info

As an increasingly mature banker, Xu Teng is certainly well aware of this, but he believes that it is not a problem for him to be responsible, he is responsible for investment, research and development, and new wealth and employment opportunities, because he is a patriotic national capitalist, and this is his duty.

As for the duty to defend the country, to defend peace, that is the business of the military.

This is the social division of labor.

It's actually quite interesting when people get old.

He Lao's worries about the country and the people, Aunt Pu's chatter, an old couple have been with each other for 50 years, complaining about each other from time to time, and they are more and more cute with the old man.

Mr. Lu was the least popular with the old couple, and he left early.

The world at every level is like this, there are good people, and naturally there are bad people, whether Mr. Lu is a good person or a bad person, Xu Teng is inconvenient to evaluate, but at least in Aunt Pu's heart, Mr. Lu is on the wrong path.

Xu Teng didn't plan to stay in the courtyard of the He family for dinner, the dishes of the He family were too northern, and the taste of the old man was also salty, so he was a little difficult to accept, so he didn't eat much at noon.

He chatted with He Lao and Sister Xiao's cousin until the evening, and waited until the game of cards of the ladies upstairs was over, and then he officially said goodbye and left, very decent, with an easy-going smile, like a warm sunshine in late autumn, noble and bright, it is always hard not to like it.

The handsome and mature man at his age, as well as that calm demeanor, can always impress many women.

In fact, he was still so young that it was hard to believe in his maturity and shrewdness, and there was always an indescribable student atmosphere, or a scholarly atmosphere of a young scholar.

Probably because of these reasons, when he was about to leave, Aunt Pu felt very sorry that she didn't have a good chat with him.

When she retired in the 90s, she was also a big cadre in the science and technology department, with the title of deputy minister, although she has been retired for so many years, she is still very concerned about the development of the domestic science and technology industry.

At this time, Aunt Pu regretted a little, she shouldn't have listened to Sister Xiao's words, she shouldn't have played mahjong for an afternoon, and she should have talked more with Xu Teng.

In the psychology of this Aunt Pu, Xu Teng must be a good child, at least among businessmen, it is rare to get out of the mud without staining.

There are some things that everyone will not break.

Xu Teng promised to donate 8 billion yuan to Sister Xiao's China Nature Conservation Foundation, and the first 3 billion yuan has already arrived, this foundation has both quasi-official qualifications and a set of special operating rules.

This is a good thing, with Sister Xiao's background, she will definitely be able to raise hundreds of millions of funds through other channels every year, and she will definitely be able to do a lot of things.

Aunt Pu insisted on inviting Xu Teng over for a light meal, just to say the ugly words in front and ask clearly, what benefits the Xu family wanted from them, she didn't ask Xu Teng about this, but asked Xia Li and Gu Xueli when she was playing mahjong upstairs.

She will look at people and believe that Xia Li, a child, will not lie.

Xia Li really didn't lie.

The answer is simple, don't do anything.

This made Aunt Pu's old face flush with shame, she thought, if her parents knew, how angry would she be, and her children and grandchildren would be unscrupulous.

Therefore, Aunt Pu at this time is really embarrassed, and she really wants to ask Xu Teng to stay for dinner.

However, Xu Teng really didn't want to stay for dinner, the old man's taste was quite salty, and for a Jiangzhou person like him, there was really no way to adapt to it.

Xu Teng waved his hand with a smile like this, said goodbye to their family and left, and returned to Ruilin Mansion with Xia Li in a car.

On the way back, the two leaned on each other in the back seat, leaning on their heads and holding hands, feeling that another day had passed meaninglessly.

Sister Hong is in charge of driving, and from time to time to look at the young couple through the rearview mirror, of course she is happy in her heart, in fact, she is watching these two people live together, never understand marriage so well, slowly understand marriage more and more, more and more affectionate, and have always been able to respect each other like guests and never quarrel.

What a marriage!

Sister Hong was happy for the two.

Back at Ruilin's house, Xu Teng finally comfortably had a candlelight dinner with Xia Li, and was about to take a bath and rest early, when he suddenly received a call from the leaders of the CCB.

This is the phone number of the vice president in charge of the banking industry of Zhonghui Company, Vice President Zheng.

Xu Teng and this Mr. Zheng have had several interactions, usually when they go to the capital, as long as they have time, he will still visit each other, but they are not very familiar, on the side of the Huayin Consortium, it is mainly Li Daxiao and Mr. Zheng are very familiar.

"Xiao Xu, I heard that you met with Mr. Song of CCB in the morning, and the conversation was not very pleasant?" Mr. Zheng probably had just finished the meeting, and his voice was a little tired, and he seemed to be quite helpless, because he was the leader who supported the Huayin Consortium to take over the foreign shares of the four major banks.

In any case, there are not many people in China who can call Xu Teng "Xiao Xu", and Zheng Zheng, who is in charge of the commercial banking industry, is one of them.

"It's not just unpleasant, it's quite unpleasant, several presidents and vice presidents didn't even eat a bite of my luncheon, and they walked away without saying a word, embarrassing!" Xu Teng was also helpless.

"During this time, I also thought about it, the twisted melon is not sweet, do you see that if the current price is suitable, can the shares of ICBC and CCB be sold back, or sold to other investment companies to take over?" Mr. Zheng was obviously persuaded by the leaders of ICBC and CCB that the relationship between the Huayin Consortium and the two major banks had deteriorated very much in the past two years, and it was no longer suitable to hold the shares of the two major banks.

Isn't that a joke?

When Xu Teng took over foreign shares of the three major banks from Goldman Sachs, Merrill Lynch, and Temasek, he spent a total of $43 billion, which is only a superficial price, but in fact involves a lot of trading chips, otherwise these foreign investment banks would not have been able to transfer during the trough of the subprime mortgage crisis.

In a word, you have to sell?

Unfortunately, this is the business in China.

Xu Teng's mood today was still alive, but this time he fell to the bottom, of course he could refuse, but if Zhonghui Company gave him small shoes, it would not be ordinary small shoes, and something would happen.

"I exchanged the shares of the three major banks for the shares of the Agricultural Bank of China, and at the same time, Zhonghui Company wanted to divest some of the non-performing assets of the Agricultural Bank." Xu Teng reacted quickly, in fact, he also considered this retreat, which is a suitable choice for the Huayin Consortium, the four major banks, and Zhonghui Company.

"This is also feasible, then you and Li Daxiao will come over tomorrow, and let's discuss it carefully." Mr. Zheng's words are equivalent to agreeing, and it is not good for anyone to continue to entangle the four major banks and the Huayin Consortium.

Peers are enemies, and enemies also hold shares in each other, which is really troublesome.

Xu Teng could only accept his fate, however, the Huayin consortium dispersed its holdings through a number of companies, holding a total of 12% of the shares of the Industrial and Commercial Bank of China, holding nearly 20% of the shares of the Bank of China, and holding 17% of the shares of the Construction Bank, all of which were exchanged for the shares of the Agricultural Bank of China.

How this deal is going to be done depends on the outcome of tomorrow's negotiations.

"By the way, are you going to He's house as a guest today?" Mr. Zheng asked in advance, in case Xu Teng ran to find someone to help because of the matter with CCB, he had to be careful.

"It's nothing, be a normal guest, have a light meal." Xu Teng denied that he had asked for help for CCB's affairs, and there was no need for this.

"Anyway, Xiao Xiao called me and asked me to try to mediate, before I called you, I had already called President Song, and it was indeed impossible to mediate. Personally, I think that the few transactions proposed by CCB are generally reasonable, and since you have refused, I personally think there is no way to continue this cooperation. "Zheng will never sit on Xu Teng's side and talk, and will help CCB at any time.

There is no need to analyze this principle.

Xu Teng didn't expect Mr. Zheng to help, just don't cheat people.

Speaking of which, Xu Teng really has nothing to say, just listen.

Unable to hear Xu Teng's reply, Mr. Zheng thought about it again and made a decision, "Then let's meet tomorrow afternoon, I will wait for you and Lao Li in the office at 3 o'clock in the afternoon, you can rest assured, I will not let you suffer." ”

"I know, I know!" Xu Teng's mood was a little heavy, because when he took over these domestic bank stocks, the Huayin Consortium and the Xu family sacrificed a lot of chips.

In the international capital market, many things are not something you have money and you want to buy, you can buy it, you have to have something in your hand to exchange, this is a bargaining chip.

After Xu Teng hung up the phone, he immediately called Li Daxiao, who was in Shanghai, and asked Li Daxiao to arrange a special plane to come over overnight and go to negotiate with Mr. Zheng tomorrow.

Even for the Bank of China consortium, this is a super big negotiation.

At the end of November 2009, the total market value of ICBC was US$270 billion, an increase of 50% over the same period last year, ranking first in the market value of global banks, and CCB's increase was roughly the same, and the total market value also exceeded the US$200 billion mark, ranking second in the market value of global banks.

Yes, these investments have doubled from the price at which the Xu family and the Huayin consortium acquired the shares of the three major banks between late 2007 and December 2008.

Moreover, the Xu family and the Huayin consortium used leveraged buyouts, and the actual funds used were less than 7 billion US dollars, which can be called a small investment and a big return.

So what.

At the same time that Bank of America acquired Merrill Lynch, the Xu family and the Huayin consortium fully established a position, absorbing a large amount of chips at the lowest stage of Bank of America's stock price.

During the year, BofA's share price soared from a low of $3 to $15, and the Xu family and the Huayin consortium were forced to sell their chips to Goldman Sachs and Temasek halfway in order to reach a deal, before recovering the shares of the three major banks.

Of course, the Xu family was forced to make this sacrifice, because of Mr. Zheng's words - the so-called strong support, after a year, the butt was adjusted, and it became the so-called twisted melon is not sweet.

Not sweet your mother, FK!

It's no wonder that Xu Teng is not angry.

He and Mr. Xu are very clear that the Bank of America's acquisition of Merrill Lynch Securities in the most dangerous stage of the subprime mortgage crisis is definitely the most thrilling acquisition in the history of Wall Street, and it will also be an opportunity for Bank of America to leap forward and become the largest financial consortium in the United States, which can be called a classic case at the level of Harvard Business School.

Investment institutions around the world are selling, and the Xu family is frantically harvesting chips, and also providing financing for Bank of America, taking the opportunity to win more chips.

If the Xu family holds these chips for a long time and transfers them today, it will definitely be a shocking good deal.

Even if it is not transferred, the Xu family will be one of the three largest shareholders of Bank of America.

FK！

Xu Teng really feels stupid when he thinks about it now, he and Mr. Xu are stupid.

Although his heart was messy, churning with bursts of anger, Xu Teng still didn't have any particularly good way, this loss, he ate a bit big, because he and Mr. Xu knew that the market value of Bank of America would soon return to a normal level, but they didn't expect that the recovery speed was so fast and so fierce, and the total market value of $37 billion soared back to $200 billion in one year.

The reason for this is very simple, not how beautiful the financial reports of Bank of America are and how good the prospects are, but the fact that the US financial industry has been hit hard, and only the two giants of Goldman Sachs and Bank of America are left, and they can continue to maintain good revenues.

3 p.m. the next day.

Xu Teng and Li Daxiao arrived at Mr. Zheng's office on time, which is the highest-level central enterprise, but the leadership office is far less spacious and luxurious than Xu Teng's office, it is very simple, it is an ordinary leadership office.

Quasi-state institutions, after all.

Mr. Zheng has not changed much, he is still the same as before, not tall, not too fat, white and clean, with glasses, in his fifties, his hair is already gray.

Seeing Xu Teng and Li Daxiao, Mr. Zheng was still very enthusiastic, personally poured tea for the two of them, and warmly invited them to sit down.

No matter what level the Huayin consortium is, in the eyes of Zhonghui Company and Mr. Zheng, they are still at the level of pediatrics, at least Mr. Zheng has this illusion.

Just like every time they met before, Mr. Zheng still sat in his place, looked at Xu Teng and Li Daxiao across the desk, and smiled and motioned for them to drink tea, no need to worry.

"Xiao Xu, in fact, I know that your Huayin consortium has paid a lot of price in order to acquire the shares of the three major banks, and in general, this is also a mistake in our decision-making, thinking that allowing foreign capital to invest in the shares can improve our operating ability and help the internationalization process of the banks." Mr. Zheng is very frank, this is a major mistake in decision-making, which has made foreign banks and investment banks make a lot of money for no reason, which has been criticized by the Chinese people for many years.

This is just like the market change technology in the automobile industry, shouting for so many years, all the technological progress, in the end you still have to rely on your own efforts, foreign capital is simply to make money, fools to help you improve the technical level.

After so many years, the Chinese, especially the leadership, are still superstitious about this, otherwise they will not self-destruct their own third-generation nuclear power technology, and praise the AP1000 of the United States and Japan, almost completely losing the right to speak on the world's third-generation nuclear power technology.

High-speed rail is one of the very few successful cases that have suffered losses over the years, and in the final analysis, it is someone's business level that plays a key role, as well as the hard work of China's railway industry itself.

For example, if CCB transferred a 14% stake to Bank of America and Temasek at an ultra-low price of US$4 billion, if we really want to improve our business capabilities and standards, we can basically achieve the same effect by hiring tens of millions of dollars in international consulting firms and poaching some high-level staff from Bank of America and HSBC.

The so-called in order to facilitate listing in the United States, in the end, it seems to be a joke, and it is not all back to A-shares?

Anyway, in the process of China's rise, there are still a lot of small mistakes.

"It is commendable that your Huayin Consortium can recover these shares at a suitable stage and turn them back into national capital. However, we did not expect the Huayin Consortium to develop so fast, and now it is incompatible with the three major banks. How to say, peers are enemies! Mr. Zheng shook his head helplessly, as if he really felt sorry for Xu Teng and the Huayin Consortium.

Mr. Zheng seems to be quite embarrassed, after all, the scale of the transaction to be discussed now is too large, even if he wants to force the Huayin Consortium to cut meat at a low price, it will also cause a big incident, or a big event that can make him retire early.

Mr. Zheng scratched his head, but continued to think about it very carefully, before he proposed the price code of the transaction with Xu Teng, "As for the Agricultural Bank of China, it has not been listed yet, so there is no way to trade according to the equivalent market value." In this way, let's calculate according to net assets and trade equally! ”

Xu Teng wants to be able to hit people now, and he can immediately give the other party two big slaps, wait for your sister!

Of course, he is such a gentlemanly young banker, he has always been personable and will not hit people.

He just looked at Mr. Zheng quietly, with a sneer on the corner of his mouth, and finally picked up the teacup on the table, tasted a sip of hot tea, and didn't say anything.

It's urgent.

He traded these shares of the three major banks to private equity funds and overseas investment institutions, and there were always people who were willing to take over according to the market value.

What can these people say then?

He doesn't want shares in the Agricultural Bank, isn't it?

"Lao Zheng, think about it yourself, will we agree to this deal?" Li Daxiao doesn't need to be too polite with the other party, one, the two are very familiar, and second, the Huayin Consortium is not something that the other party can bully at this level.

Xu Teng is here, of course, Li Daxiao's ugly words are said.

"Indeed, my proposal is not very good." Mr. Zheng smiled, he just tested the reaction of Li Daxiao and Xu Teng, luckily, if he agreed, didn't he just make a good deal for the SASAC?

Mr. Zheng's life experience in this kind of thing is very simple, many times, if you don't give it a try, you don't know how cowardly the boss of a private company is.

Of course, you can only give it a try to the Huayin Consortium, and you can't be scared, otherwise you will not be scared in the end.

"Xiao Xu, Lao Li, we are not outsiders. Actually, I don't take it seriously when I complain a few words from the CCB side, and I invite you here this time, mainly because a leader raised such an issue at the recent financial industry reform meeting. Our relatively large state-owned banks in China, ICBC, CCB, Bank of China, Bank of Communications, you all have shares, and the proportion is not low, the above means that it is not conducive to the normal financial order ......! Zheng originally thought about it, he could only give it a try, not be scared, the problem is that his inertia in dealing with private companies for so many years is to try and scare, and after repeated trials, he couldn't help but scare Xu Teng, but he didn't finish his words.

"Which leader?" Xu Teng became very serious, looked directly at Mr. Zheng, and asked the other party to give an accurate answer, he will go to the leader to negotiate in person now, as long as it is not at the national level, he can always make an appointment.

"This ...... It's not interesting to say it, it's an internal meeting, after all. Mr. Zheng regretted it, so he said, the result of scaring the Huayin Consortium will scare him.

In the past, the Huayin consortium did not hold shares in the five major state-owned banks, until the subprime mortgage crisis broke out, and after the Huayin consortium acquired the foreign shares of CCB, some leaders thought that this was a good thing and suggested speeding it up.

As a result, the Huayin consortium holds large shares in four of the five major state-owned banks, and except for the Agricultural Bank of China, as long as it is a listed bank, the Huayin consortium holds no less than 10% of the shares.

This question, in fact, is really nothing.

The return of the Huayin Consortium is only that each bank has an independent director, and there are basically no other benefits, on the side of the Bank of China, the relationship between the two sides is good, and the Huayin Consortium can raise funds internally, and the actual relationship between CCB, ICBC and Huayin Consortium has long been extremely poor, and not a dime of loan financing can be obtained.

The contradictions between the two sides are mainly focused on the problem of large customers.

Many people can't imagine why the high-ranking banks have a strong demand for large customer resources, just take the power system as an example, how much project money, how much business flow, how much salary, how much housing loans every year?

The scale of the battle between the Huayin consortium and the CCB in the power system can be called the level of white-knuckle warfare, and they are all red-eyed.

In the past, CCB and ICBC also had fierce competition in this regard, and many units often had two passbooks, the salary card was CCB's, and the bonus card was ICBC's.

The Huayin consortium is different, the east does not make money, but the west makes money, and often raises the price very high, so high that it is difficult for ICBC and CCB to bear.

On the other hand, the Huayin Consortium must have a good relationship with the four major systems, and the games are all three-dimensional **** often with a certain unit of these systems, and talk about more than a dozen cooperation at the same time, the water in this is too deep, some things are done very absolutely, ICBC and CCB are really no good way.

This is not to say that the hundreds of thousands of enterprises and institutions in the four major systems have exclusive monopoly on all kinds of financial services by the Huayin Consortium, but it does account for half, and the remaining half is the Industrial and Commercial Bank of China, the Construction Bank, the Bank of Communications, the Bank of China, and the Agricultural Bank of China...... There are also all kinds of local banks are rushing, and even the agricultural cooperatives in various places are desperately enclosing land, for the ICBC and CCB, which accounted for the majority in previous years, can this be happy?

To take the simplest example, half of the provincial and municipal power supply bureaus in the country now have salary cards from Huaxia Bank, which was completely unimaginable in the past.

Why this is the situation, then only the people above know.

You must ask the reason, then first ask how the State Grid Corporation acquired 30% of the shares of the Chilean Power Grid Company, and how it squeezed into the Brazilian power grid market and how to squeeze into the Thai market.

There are many things in this, and it is inconvenient for the State Grid to make a move, all of which are handled by the Huayin Consortium, and they also have to help the State Grid to raise funds, and even form a joint consortium to jointly fund the acquisition.

This is only a small part of the reason, all frankly lenient, that will take tens of thousands of rolls of paper to register clearly.

There are so many things, and basically only some of them are capable of being done by banks.

In this way, the four major systems are different, innumerable, and countless interests are entangled with each other, and after more than ten years, a comprehensive breakthrough has finally been formed in the past few years.

The relationship and common interests in this have long been so complicated that no leader can change it by saying a few harsh words when he gets angry.

Do you think that these leaders of Zhonghui Company have not intervened, do you think that CCB and ICBC have not responded to the situation, and do you think that there are no other leaders who have instructed them?

It's hard to reform.

Because it is impossible for vested interest groups to give up their existing interests, I am now living a life of eating meat every day, why do you let me go back to the past and continue to live a life of porridge?

Xu Teng does not deny that when the people below are doing things, it is not excluded that some people are in a hurry to give money and gifts, so do you think the business person in charge of CCB does not give gifts?

The Huayin Consortium is not big enough now, for the time being, it is just desperately staring at the four major systems, without further expansion, in a few years, do you think Xu Teng will stop?

With such a central enterprise, so many large state-owned enterprises, and so many high-quality companies in the country, the Huayin Consortium will definitely start an all-out war.

Not to mention anything else, if the Huayin consortium snatches the market of central enterprises and large state-owned enterprises, ICBC's position as the world's first bank will definitely not be maintained.

Payroll card.

Salary card, salary card.

Say the important thing three times.

Your salary card is in the Huayin Consortium, and you came to do business, originally you wanted to turn your current account into a fixed term, but if you are not careful, you will transfer it to wealth management funds, insurance, stocks, online banking, bonds, and credit cards.

China is a socialist market economy with Chinese characteristics, and the social environment under this economic structure, especially the ecological environment of the financial industry, is completely different from that of Western countries.

The importance of the payroll card for the banking industry is more or less present in every country, but it is definitely not as complicated and important as in China, because the main structure of China's economy is not only the state-owned economy, but also the largest savings financial country in the world.

At the same time, the central bank's requirements for deposit reserves are among the strictest in the world.

These bits and pieces of features are continuous, continuous, and constantly amplified the special importance of the payroll card for China's banking industry.

Xu Teng was not in a hurry at all, he slowly listened to the negotiations between Li Daxiao and Mr. Zheng, he didn't have to say anything, because he had a lot of chips in his hand.

As long as he doesn't want to sell his shares, no one can help him, he wears small shoes and wears small shoes, doesn't he have no mouth and can't sue?

Talked and talked until 7 o'clock in the evening.

The negotiations still did not lead to anything, and in fact this is no longer a contradiction between the Huayin Consortium and Zhonghui Company, or between the Huayin Consortium and the entire state-owned financial system.

Mr. Zheng finally became anxious and offered a final negotiation price - the equity held by the Huayin Consortium in ICBC and Bank of China remained unchanged, and the equity held in Bank of Communications and CCB was replaced by equity in Agricultural Bank of China, with a total amount of not less than 22% and no more than 25% within ten years, and reserved the vice chairman and a non-executive director seat in Agricultural Bank.

The two parties jointly promoted the listing of ABC, and the Huayin Consortium was fully responsible for the IPO business of ABC.

This is a very confusing agreement, what is the Huayin Consortium, there is no standard in itself, in other words, what is the actual holding ratio of the Huayin Consortium after the IPO of the Agricultural Bank of China, it is not restricted at all.

It is inevitable that the Ministry of Finance and Zhonghui will hold 60% of the total shareholding in the Agricultural Bank of China, and it is by no means impossible for the Huayin Consortium to hold 30% of the total shares.

This is the biggest concession that Mr. Zheng can make within the scope of his authority, he wants to correct his mistakes and quickly recover the shareholding of Huayin Consortium in CCB and ICBC, and he can't explain the internal reason.

Li Daxiao was silent and did not answer, obviously refusing, because the Huayin consortium did not want the equity of the Agricultural Bank at all, nor did it want to help the Agricultural Bank become a high-quality giant state-controlled bank.

The requirements of the Huayin consortium are very simple, maintain the status quo, hold a certain stake in each of the four major banks, wait for a better time to cash out, or in other words, never let go until there is no absolutely favorable price.

However, among the four major banks, except for the Agricultural Bank of China, the other three banks are unwilling to continue to maintain this situation, preferring to hand over their shares to other foreign-funded institutions or to their superiors.

Xu Teng has nothing to say, at least so far, the price offered by Mr. Zheng is still unfavorable to the Huayin Consortium, but it has changed from a heavy loss to an acceptable loss.

Everyone stands in a different position, the idea is naturally different, Zheng Zheng really feels that the Huayin consortium has not lost, but from a big profit to a small profit, he knows that the Huayin consortium has been using leverage to buy the outstanding shares of the four major banks, the actual expenditure is less than 7 billion US dollars, and it is impossible to exceed 8 billion US dollars at most.

Now that the market is so good, the book appreciation of the investment in these state-owned financial stocks of the Huayin Consortium has reached at least $50 billion.

Mr. Zheng's meaning is very simple, very clear, they are all their own people, they are all Chinese, look up and don't look down, although I am not the central bank, not the superior organ in charge of you, I can also clamp you down.

You give some face, make a little less, and let's end this matter.

In short, Zheng always asked Xu Teng and the Huayin consortium to pay for their mistakes in decision-making, turning their erroneous decision-making by foreign investment banks into a political achievement, and turning it into a political achievement of "using foreign investment banks to list overseas, and then recovering state-owned assets at the right price, and skillfully maintaining the order of state-owned finance".

Mr. Zheng is just one of these people, who is responsible for "instructing" the Huayin consortium to fund the recovery of state-owned bank assets, and then responsible for recovering state-owned assets at low cost.

At this moment, Xu Teng understood, and finally understood why the leaders of CCB would lose face when they disagreed, and leave if they didn't agree, it was all a scene, and this Mr. Zheng was playing chess behind the scenes, just to let him understand that the Huayin Consortium could no longer continue to hold the shares of the three major banks, and it would be beneficial for everyone to sell them to the country cheaper.

Xu Teng continued to drink tea, and the tea that had been cold had a slight sour and bitter taste.

It's getting late, and the night view of the financial street outside the window is colorful and dazzling, but in this seemingly ordinary office, a shocking strategy drama is staged.

The leader who can sit in the red wall has its reason after all.

It took Mr. Zheng two years to direct such a big scene, so that Xu Teng fully understood the truth, but Xu Teng had no intention of backing down at all.

"November here in the capital is really cold, you drink less green tea and more black tea on weekdays, in general, black tea is still nourishing the stomach." Xu Teng put down the teacup, frowned, and reminded Mr. Zheng,

"Oops, if you don't say it, I almost forgot. A few days ago, when the little master of ICBC came over, he gave two boxes of Qimen black tea, and I haven't opened it yet. Mr. Zheng got up and pretended to look for tea.

"That's it for today." Xu Teng also stood up, picked up the thick tweed coat that was resting on the back of the chair, hung it in the crook of his arm, and smiled with Mr. Zheng, "I will consider quitting the boards of directors of major banks, and you don't have to worry too much about who to sell to." You're right, the twisted melon is not sweet, I still continue my idea two years ago, the acquisition of ING and AIG Group, I hope you will support more, but unfortunately, I missed the opportunity, I failed to occupy a place in Bank of America...... Oh, by the way, haven't you always wanted to know how much leverage I put out to get those state-owned bank shares back? In fact, there is nothing to hide, the financing of Bank of America's acquisition of Merrill Lynch was done by us, you think, how many investment banks on Wall Street were able to come up with so much cash at that time? I tell you these things in the hope that you can understand how much our Huayin Consortium has lost for your words. BofA's stock price has tripled fivefold in a year, and the chips I took out to trade at the time are now worth $60 billion. ”

"Of course, it's not a big lesson for me, as long as it makes you happy, what is this money?" Xu Teng shrugged with an indifferent smile on his face, "So, please bear with me." ”

Be patient.

After these three words came out of Xu Teng's mouth, the whole atmosphere suddenly became extremely solemn.

Mr. Zheng took the two boxes of purple iron boxes of Qimen black tea, endured the anger in his heart, and a little fear, looked at Xu Teng, and finally realized that his several concessions not only failed to reach a deal, but also angered the chairman of the Huayin Foundation.

It's over, this time it's going to be hard.

Alas!

Li Daxiao sighed, then stood up, shook hands with Mr. Zheng and said goodbye, and patted the back of the other party's hand, "Lao Zheng, take care of it, it's not easy for us to do business, the market economy, you can't let us not make money." You said that we have a lot of tasks now, and we have invested more than $70 billion in ASEAN, but not all of them are the requirements of the above. You higher-level organizations don't communicate with each other, and it's very difficult for those of us who are engaged in enterprises to do it! ”

"What to do or not to treat, we have known each other for so long, it seems rusty to say this kind of thing!" Mr. Zheng also patted Li Daxiao on the shoulder and motioned for him to send Li Daxiao and Xu Teng out of the office.

A few minutes later.

Xu Teng got into his Rolls-Royce Silver Angel, sat in the car, looked at the tablet, called up the latest U.S. stock index, calculated the market value of CCB, and calculated the total market value of the state-owned bank shares held by the Huayin consortium.

By the way, he also looked at the stock price of Bank of America and had mixed feelings.

"It's still our fault for this." Xu Teng handed the tablet in his hand to Li Daxiao and asked him to calculate how much profit the Huayin consortium had lost in this wave of transactions.

He, Li Daxiao, and Mr. Xu only knew that the stock prices of CCB and ICBC would definitely rise, and they would rise very much, but they didn't expect that Bank of America would rise even more, it was simply skyrocketing, unreasonable, the bad debt rate was so high, and the increase was still complete ICBC and CCB.

It doesn't make sense.

At this moment, Xu Teng can only say that whoever says that the U.S. stock market is mature and rational should be dragged out and continued.

The Bank of America's market situation fully proves how miserable Wall Street is, and this kind of not-so-bad stocks must be held up hard to compete with the two major financial stocks of the socialist camp, proving that Wall Street will not fall.

"It's really to blame us, firstly, I didn't expect the Bank of America to rise so fiercely and so quickly, and secondly, I didn't expect Lao Zheng's wave of people to dare to use us and pay for their wrong decisions." Li Daxiao has a little headache, and if he thinks about it carefully, he can only smile bitterly, when Mr. Zheng came forward to let the Huayin Consortium invest in the repurchase of state-owned financial stocks, but all kinds of good things have been said, and now he has turned his face and turned his face and did not admit it.

"What are you going to do about this, Chairman?" Li Daxiao actually has no score in his heart, so he still has to ask Xu Teng's true attitude, whether he is really resold to foreign capital, or continues to hold it, or directly sells?

"Still sell it to them." Xu Teng had nothing to worry about, took the tablet back, and calculated an account, "Don't be verbose with Zhonghui and these people, and directly talk to the State-owned Assets Supervision and Administration Commission to make it clear that we will withdraw from CCB and ICBC, and the state will take out as much foreign exchange as possible to deal with this matter." ”

"Now that the price is so high, I'm afraid it's a little difficult." Li Daxiao really didn't have a score, they bought CCB at a premium of 20% at $3.4 per share, and in a year, it rose to $6.9 per share, which is almost the peak.

Mr. Zheng's gang is also under great pressure, and now it is necessary to buy back, in case the stock price plummets after the repurchase, that is, the loss of state-owned assets, and the country's foreign exchange reserves not only did not maintain and increase their value, but also lost a lot of money.

Mr. Zheng's most annoying thing now is that he is afraid that after the transfer of the Huayin Consortium is forced, he just took over today, and tomorrow, the Huayin Consortium will join hands with foreign investment banks to kill them, and the three major state-owned banks are all listed on the US stock market, which is not a place for them to intervene.

The Huayin Consortium has been in cahoots with Wall Street for a long time, and it is as easy as eating to kill the national team.

At present, there are indeed several forces in China that are constantly trying to stop the expansion of the Huayin Consortium in the domestic financial field, including the Fubon Department, the actual controllers of the financial field such as Zheng Zong, some leftist scholars, especially the ultra-leftists, and the four major banks, which are competitors who are like water and fire with the Huayin Consortium.

If the Huayin Consortium wants to continue to develop the financial industry in China, in addition to basing itself on the fundamentals, it does need some more ingenious strategies.

The central government will never let go of the four major banks, and it will definitely ensure that the attributes of the sole state-owned enterprises remain unchanged and will not waver for 100 years.

What Xu Teng can do is only to find a long-term ally in the four major banks, and this ally can only be the Agricultural Bank of China at present, because the situation of the Agricultural Bank of China is the most weak, and it is most necessary to join hands with the Huayin Consortium for common development.

Mr. Zheng and those people also see this very clearly.

The difference between the Huayin consortium and these people now is that Xu Teng is unwilling to exchange it at a loss, and these people strongly demand that Xu Teng bear the loss, because the price of the four major banks in the US stock market is too high, once they are forced to use foreign exchange to take over from Xu Teng at a high price, but the result is a plunge, which is really widely implicated, I don't know how many people are not guaranteed.

On the surface, they will not be implicated too much, but their political path is basically over.

Everyone is a senior industry insider, and they all know in their hearts that once this thing falls, it will be tens of billions of dollars of foreign exchange in an instant.

There must still be instructions from above, to take over, to maintain the basic order of the state-owned financial system dominating China's financial industry, and at the same time, to try to ensure the stability of stock prices and the appreciation and preservation of foreign exchange investment...... As a result, Mr. Zheng's group of executors thought of a good way to let the Huayin consortium bear the losses and transfer it to them at a low price.

As for the solution, they had more than enough means to force the Huayin consortium to comply—at least they thought they had enough.

Xu Teng weighed the pros and cons in his heart, and was sure that he didn't have to worry too much about it for the time being, this was a game, but the time period of the game should not be too long, because the high market value of CCB and ICBC was indeed unlikely to last too long.

His estimate is about a year.

This means that the game cycle between him and Mr. Zheng is one year, and the longest cannot exceed the middle of 2011, and it must not be delayed until the Syrian war and the cycle of global oil prices plummeting.

The impact of the war in Syria and the refugee crisis in Europe on the global economy has been very negative, and basically, in the next four or five years, or even six or seven years, few global stock markets will be able to turn around.

To do business to the scale of the Huayin Consortium, what is a one-year game, four or five years of suffering and game is a very normal thing.

It is said that a big country must have the determination of a big country, and the chairman of a large consortium must also have the strategic determination of a large consortium.

Xu Teng pondered for a long time, and decided to play slowly with Mr. Zheng and others, and after a year and a half, the total share capital held by the Huayin consortium in ICBC and CCB has now risen to a market value of 66.5 billion US dollars.

Mr. Zheng wants to exchange the $66.5 billion stock for the 22% stake in the Agricultural Bank of China and the dispensable vice chairman of the board of directors, which is equivalent to exchanging $1 in assets for $3 in assets.

This is all political blackmail.

The evil of the capitalists lies here, although the Huayin consortium has paid a lot of bargaining chips, whether it is the bargaining chips of the Bank of America or the repurchase of state-owned bank shares from foreign investment banks, the Huayin consortium has always used leverage to operate.

Because the Huayin consortium and Xu Teng have always been confident and believe that this wave of market is absolutely not wrong, this is Xu Teng's biggest use of the subprime mortgage crisis in the United States in 2007, with a small investment scale, focusing on betting on China's financial stocks to stand out and soar in the global financial crisis.

Very small investment, in the Industrial and Commercial Bank of China, the Construction Bank, the Bank of China, the Bank of Communications...... The total stake held by the four major state-owned listed banks together has exceeded the total market capitalization of $109.3 billion.

In particular, this wave of the Bank of China, with a total market capitalization of $154 billion, 20% of the shares are in the hands of Galaxy Macau Capital Company, a consortium of Huayin Consortium.

The Huayin consortium cannot be blamed for all this, because these shares were originally transferred to foreign investment banks by major banks and regulators at low prices, but the Huayin consortium had enough chips and sacrificed enough chips to get them back.

You made a mistake, and now you want the Huayin Consortium to help you swallow the bitter fruit?

How can it be?

Dream on!

National capitalists also have a bottom line, do you understand? (To be continued.) )