Chapter 432: Cruel and Inhumanely Powerful!
Regarding President Vladimir's reproach, President Obma is absolutely innocent, because it was all so subtle and silent that it seemed to take shape overnight. Pen Fun Pavilion wWw. biquge。 info
The entire Prism program was isolated from China by the Great Wall Golden Shield, Huateng Ansoft and Dr. Lu systems, and the NSA was almost unable to effectively collect the internal information of the Huateng Industrial Consortium.
By the time President Obma noticed all this, it was too late.
In fact, to this day, President Obma does not know as much about the Huateng industrial complex as President Vladimir, and he is only convinced that this industrial complex is rapidly disintegrating the American chip industry.
In the fields of network technology, semiconductors and biopharmaceuticals, which dominate the United States, the Huateng Industrial Consortium is expanding and becoming another giant in the world after the United States.
When AIG officially acquired Prudential Financial Group, Xu Teng personally arrived in the United States and participated in the signing of the merger agreement between the two parties.
October 21, 2014.
Together with the previous merger of First Republic Bank in July, AIG Group has finally become the largest global asset management company and international insurance company in the United States, the second largest investment bank in North America, the third largest credit card company and the fourth largest commercial banking company.
This is already the world's most valuable financial oligarchy, with a total size of 1.7 times that of Bank of America and equivalent to Bank of America and Blackstone combined.
Huateng continues to maintain its position as the largest shareholder of AIG Group, with a stake of more than 19.3%, however, it is clear to all Wall Street giants and the White House that Huateng's actual controlling and voting rights in AIG Group have always exceeded 51%.
The largest financial giant in the United States is actually an absolutely controlled subsidiary of a Chinese-funded company, FK!
President Obma is actually quite speechless!
Hurt your self-esteem.
Fortunately, if these people are silent, the American people basically don't know, so they simply don't know, not to mention that there is no actual evidence from all parties, but from the phenomenon of the AIG board of directors obeying Huateng Company, this basic conclusion is judged!
This time is different from the last time.
When Xu Teng arrived in the United States, the global resource bubble crisis in 2014 had spread to the world, and the market value of the New York stock market evaporated in half a year, which was basically equivalent to the loss during the entire subprime mortgage crisis.
On the day of Xu Teng's arrival in the United States, the New York stock market and the Nasdaq stock market finally ushered in a rebound unexpectedly, and all information and media reports show that Xu Teng's visit to the United States will solve the crisis that is pervading Wall Street, especially the State Street Bank problem that worries the American financial and energy industries.
In the morning, Xu Teng attended the signing ceremony of the merger between AIG and Prudential Financial Group.
At noon, he had a luncheon with the invited Wall Street Big Five at the American International Building of AIG Group, enjoying their respective Italian tonic steaks and analyzing the banking companies on Wall Street that are most likely to fall into bankruptcy crisis.
While Prudential Financial Group's problems have been solved, State Street and Franklin Resources are two big problems that will be difficult to deal with, both mired in a resource bubble crisis and US shale oil and gas investments.
If they are allowed to go bankrupt, the production capacity of shale oil and gas in the United States will suffer a heavy blow, and if they want to join forces to inject capital to solve the problem and avoid shale oil and gas production cuts, the big five Wall Street are not willing to bear long-term losses.
This is unexpected, neither the Huayin AIG consortium nor the Big Five Wall Street did not expect that these two major US energy investors would collapse before the end of the year.
This is definitely Xu Teng's fault.
Because Franklin Resources took over most of the shale oil and gas investment projects divested by AIG in February last year, they are basically high-cost types, and projects whose costs can be controlled below $50 per barrel are still under AIG's World Energy Fund for the time being.
Therefore, the opinions of several tycoons are unanimous, the Huayin AIG consortium solves the problems of Franklin Resources, and the US Treasury Department is responsible for solving the problems of State Street Bank, FK, of course, it can't be the Big Five of Wall Street to fund the problem, what a long-term loss!
Although the world is already miserable, especially Europe and commodity exporters, one by one, and the global resource bubble crisis is spreading very violently, the goal of the five Wall Street giants remains the same, and they must take advantage of this once-in-a-decade opportunity to completely smash the linked exchange rate system in the Middle East.
Of course, the White House is still sticking to this goal, and since it has already paid such a large cost, it is even more important to achieve the set goal.
"So, in principle, we don't have a disagreement, the only disagreement is those issues at Franklin Resources. Xu Teng finished his steak in advance, took a sip of warm water, and wiped the oil stains from his mouth with a purple silk napkin, of course he couldn't bear the problem of Franklin Resources alone.
Although the cost of taking over Franklin Resources is low, it still has to lose at least $1 billion a month, and the extraction cost of many oil and gas fields is very high, and even if new technologies are used to balance the costs, this total loss will be difficult to reduce.
Because Franklin Resources also owns a large number of iron ore, bauxite, and copper assets, the mining cost is basically higher than the current market spot price.
"We can convince the White House and Congress to provide an emergency tax cut bill that would drastically reduce taxes on resource properties. Lloyd Brockfen will always have a say in this, because the current US Treasury Secretary, the previous Treasury Secretary, and the next Treasury Secretary are undoubtedly from Goldman Sachs.
The countermeasures of the Big Five on Wall Street have remained the same, they are responsible for the profits, and the US government and taxpayers are responsible for the losses.
"When can you make sure that Congress will pass the emergency tax cuts?" Xu Teng must make this clear, after he takes over Franklin Resources, even if he withdraws the most loss-making part of the industrial investment and only maintains the shale oil and gas extraction business, Franklin Resources will not lose less than $4 billion a year, unless the oil price can return to about $60 per barrel.
"At the end of the year, it will only take three months at most, I promise. Lloyd-Brockfin swore that he would tell nonsense, and first persuade Xu Teng to invest in stabilizing Franklin Resources.
"Okay, I'll inject capital to hold Franklin Resources for the time being. Xu Teng agreed, he could see that the attitude of the five Wall Street giants was the same, and it was not negotiable at all, because he made the most money in this crisis, and everyone was very angry.
Others don't know how much the Xu family has earned, but the Big Five on Wall Street are still roughly numbered.
In this market, there are losses and gains, and some people lose as much as they want, and the five giants of Wall Street have made less than $40 billion in profits so far in the entire crisis, while the direct losses of the world's banks, insurance companies, commodity giants and exporters are more than $930 billion, where did all this money go?
Everyone said it was the Big Five on Wall Street who carved up those profits, and Lloyd Brockfen could only say, you fart.
The Big Five on Wall Street are indeed making money on shorting commodity futures and equities, but they are also losing money in more areas because this is a global bubble crisis.
From this point of view, the entire Huayin AIG consortium did not make much, but Xu Teng and his family, The-ShunFamliy must be the most profitable, because everyone did not make much, where can so much money go in the end?
The White House also knew this, and even considered letting The-ShunFamliy take over State Street Bank without funding from the Treasury Department, but after thinking about it, it was decided that the US Treasury Department would take action.
The fact that AIG Group's share of the U.S. financial industry is already too high, and it is controlled by a Chinese family, which certainly does not reassure the White House.
AIG!
The American International Financial Group is really too big now, so that the White House and Wall Street feel a little like they are in their throats!
Although the Bank of America is large, the shares are very dispersed after all, but AIG is different, at least half of the equity and voting rights are concentrated in the control of The-ShunFamliy, even in the global resource bubble crisis, which is no less than the subprime mortgage crisis, the market value of AIG Group is more than 230 billion US dollars, second only to the 295 billion US dollar market value of China PN Group.
FK!
As we all know, Huaxia Financial Group is the core flagship financial pillar of the Huayin Consortium.
Under the impact of this wave of global resource bubble crisis, the market value of Bank of America has fallen by one-third, and only three major shareholders are taking the opportunity to absorb the shares of Bank of America - Huateng Company, AIG Group and Huaxia Financial Group.
What do you want to do?
"Chairman, I've been very concerned about a problem recently, The-ShunFamliy and the Huayin Consortium are rapidly increasing the outstanding shares in the Bank of America Group, and I would very much like to know, do you have a larger business cooperation plan?"
That's too much.
What do you want to do, rely on money to control the whole of Wall Street?
"We are also paying attention to this issue!" Lloyd Brockffen, as the core leader of the Wall Street Five, must express the concern and serious attitude of the entire Wall Street Five, the share of the Huayin Consortium in Wall Street is already too large, and it must know how to restrain itself!
"I don't think that's a problem, in fact, everybody in this room is my family fund holdings, and now I'm pretty much one of the top 10 shareholders in each company. "Xu Teng doesn't like to deceive his allies and confess truthfully.
"What?" Lloyd Brockfen shook violently, damn, is this really going to control the entire Wall Street with more money, it's too bold, it's too shameful!
"Don't worry, I have always believed that only companies with mutual equity can truly reach a broad cooperation framework, and our investments on Wall Street are rational financial and friendly investments, and I hope to establish a friendly and broad cooperation framework. We know, but we don't say about the Union. Xu Teng changed a glass of Martell, drank it elegantly, smiled, and didn't mind the horror and surprise of these Wall Street tycoons.
No one can say no to The-ShunFamliy!
"At Bank of America, our stake will be stable at less than 1/3, and at Goldman Sachs and Blackstone, JPMorgan Chase, Morgan Stanley, we will only make financial investments and our stake will remain below 5%. Xu Teng smiled and signaled that everyone did not need to panic, he was so rich, and now, his requirement was to enter the board of directors, and appoint a director from each of the Big Five on Wall Street to attend the board meetings of the Big Five.
"Of course, I also welcome you to invest in the companies of the Huayin Consortium, and we should be willing to share our wealth with others, which is one of the secrets of my success. That's what Xu Teng means, here, he is the only successful person.
At this moment, Lloyd Brockfin was really angry, and he didn't expect Wall Street to have such a weak day.
No!
It's not that Wall Street is weak, it's that the opponent is too inhumanely powerful!
How can this be?
Lloyd Brockfin actually had a bit of a nervous breakdown, and it was definitely not a good thing to refuse the Huayin consortium to be on the board of directors of Goldman Sachs.
If only Goldman Sachs Group wants to absorb the investment of the Huayin consortium, Lloyd Brockfen still welcomes it, not to mention that the Huayin consortium's shareholding in Goldman Sachs Group will not be higher than 5%, but the current situation is that the five Wall Street giants are collectively shared, which is really a bit embarrassing.
The most embarrassing thing is that the Bank of America Group is actually held by 1/3 of the shares of the Bank of China consortium, which is really embarrassing, the largest financial oligarchy in the United States is the Bank of China Consortium and The-ShunFamliy absolute control, and the second largest financial group is the Bank of China Consortium and The-ShunFamliy occupies the completely leading position of the largest shareholder.
How can the American capitalists be embarrassed?
"Today, the low share prices of financial companies under the Huayin Consortium are a very good opportunity to take shares, and I very much welcome your cross-shareholding. Xu Teng smiled kindly and easily, convinced that there was no doubt that the five giants of Wall Street would not be able to invest much money in the financial institutions under the Huayin Consortium.
An investment bank is an investment bank, and this kind of investment with a low rate of return is still not very cost-effective.
At present, the most stable stock prices of global financial companies are the three financial flagships of the Huayin Consortium - Huaxia Financial Group, AIG Group, and Intertrust Group, as well as Minsheng Bank, Sunshine Insurance, Yangtze River Bank, and other financial companies in China.
The current RMB exchange rate is super high, 6:1, and it is definitely not cost-effective for these financial institutions to invest in China's A-share market.
It was an asymmetrical encounter.
In contrast, the U.S. dollar is at the bottom of a weak phase that will be difficult to get out of unless the U.S. dollar raises interest rates, and the New York stock market has been in a downward phase for the past six months.
Lloyd Brockfen must admit that Xu Teng has seized the perfect time to launch an offensive against Wall Street, and given the special cooperation at this stage, neither of them has been able to refuse the request of the Huayin Consortium and The-ShunFamliy to hold a seat on the board.
Goldman Sachs has more than thirty seats on the board of directors, and it is normal to give The-ShunFamliy a seat, not very scary, the problem is that The-ShunFamliy's request is to add one more board seat at the same time to the Big Five.
It's so embarrassing!
"As you all know, I am a very gentlemanly investor, and if you don't like my family's investments, I promise to sell them when the opportunity is right. As you can imagine, we're making a lot of money, but in this current investment climate, we really don't have a lot of room for new investments! Xu Teng also has no intention of holding a seat on the board of directors of every Wall Street Big Five, he just wants to know who will turn him down in the end.
Oops, it doesn't seem to be!
No one can say no to The-ShunFamliy!
"Morgan Stanley has always welcomed international investors and diverse shareholder backgrounds, and The-ShunFamliy and the Huayin Consortium are our most welcoming major shareholders!" said Chairman Parker Gilbert, first of whom welcomed Morgan Stanley.
This is what Xu Teng expected, because The-ShunFamliy's capital injection and stake in Morgan Stanley has not been concealed from the Gilbert family, a descendant of Morgan Stanley's founder, in 2007, when Morgan Stanley suffered the worst loss in history, and the stock price fell to single digits, The-ShunFamliy had intervened and secretly injected $4 billion into Morgan Stanley.
The-ShunFamliy's stake in Morgan Stanley, which is also a major shareholder of Orient International Capital Corporation and Orient Securities, is also a subsidiary of the Huayin consortium, which is well under Morgan Stanley, which is well over 5 percent, and the two parties have only chosen not to disclose it.
The current Wall Street is actually dominated by Goldman Sachs, because Goldman Sachs has government resources and relationships that other giants do not have, whether it is Morgan Stanley, Bank of America, or AIG, they all need to secretly cooperate against Goldman Sachs' monopoly position.
Why the meeting of the Big Five on Wall Street chose the International Building in the United States, instead of Goldman Sachs, is that the Big Five negotiated internally, 3:2, and chose to hold a coordination meeting at the headquarters of the AIG Group outside the Big Five.
Xu Teng's special status on Wall Street depends on this cooperation.
Lloyd-Brockfen also understood these things, but he didn't expect Morgan Stanley, a thick-eyed and big-eyed person, to betray the revolution, and it seemed that he had already been in a nest with Huayin AIG Group.
Yes, he guessed right.
The Huayin Consortium's agent and co-partner on Wall Street is AIG Chairman Wellence Wottander, while The-ShunFamliy's main partner on Wall Street is the Gilbert family.
The Koch family's stake in Bank of America in 2007, and since then, the Bank of China consortium has continued to cash out its shares in Bank of America Group and transfer them to the Koch family and the more low-key Pritzker family, which is actually a very traditional plutocratic strategy.
One thing could even shock Lloyd Brockffen.
A very important factor in Xu Teng's visit to the United States this time is that Parker Gilbert III was diagnosed with cancer, because the situation is more complicated, and he can only take conservative and drug treatment, and whether he can live for another two or three years is a question.
Xu Teng went to the United States this time, and his first stop was Wall Street, which was to discuss with Chairman Parker Gilbert III about the new chairman of Morgan Stanley, in essence, The-ShunFamliy and the Gilbert family's controlling stake in Morgan Stanley added up to more than 1/3, plus Gilbert's founding family identity, can basically decide the new chairman candidate.
These are things that Lloyd Brockfen and other Wall Street predators don't know yet.
No one, no family, can control the world, but with enough families working together, it's different.
This truth is still not difficult to understand.
The-ShunFamliy In the whole United States, there are many cooperative families in the open and in the dark, as a chaebol-style family, everyone is unwilling to give up the pursuit of wealth and power, the strength and stability of a family are limited after all, and they must unite and cooperate.
The vast majority of Xu Teng's partners in the United States belong to the traditional fields of finance, energy, and real estate, and these families are still very passive and willing to join forces with the Xu family in the face of the challenge of American technology upstarts.
Now, Xu Teng is asking for some cooperation to be elevated to the public, and to use these partnerships more to protect the Xu family's investment interests in the United States.
After a few minutes of silence.
Blackstone's chairman, Steve Schwartzman, also made the choice to add a board seat to the Huayin consortium on the board.
Xu Teng and Steve Schwartzman have known each other for ten years, as early as 2004, when Tencent Group chose to go public, Steve personally went to China to lobby, hoping that Tencent Group would choose to go public in the United States, and also planned to use this opportunity to invest in Tencent.
Unfortunately, it was not negotiated.
In 2006, the foreign exchange bureau was ready to take out a part of the foreign exchange to invest in the Blackstone Group, and the two sides talked very happily, Xu Teng suddenly intervened and lobbied the upper level to suspend this time.
It was not until 2007 that Xu Teng finally persuaded the foreign exchange bureau to hold a total of US$300 billion in foreign exchange reserves under the Huayin Consortium in custody for commercial investment.
Finally, in 2008, during the outbreak of the subprime mortgage crisis, Huaxia Financial Group acted as an agent for some foreign exchange investment in Blackstone, making a lot of money for the foreign exchange bureau.
In contrast, Orient International Financial Corporation, a joint venture between CCB, Morgan Stanley and Temasek Holdings, has suffered significant losses in custody performance.
This allowed Xu Teng to seize the opportunity to persuade the central bank and the competent leaders to have the Huayin consortium buy the shares of "Orient International Financial Corporation" held by Temasek and CCB, so that the most powerful competitor in China became a partner, and became a tripartite joint holding of Huateng, Zhonghui Fund and Morgan Stanley.
This year, Xu Teng joined hands with Morgan Stanley to promote the merger of "Orient International Financial Co., Ltd.", Orient Securities and China Investment Securities, and completely incorporated it into the Huayin Consortium and became a subsidiary of Huaxia Financial Group.
So far, in the field of investment banking and securities companies in China, the main state-owned competitor of the Huayin consortium is CITIC Group, and the others are relatively weak, and even CITIC Group lacks the ability to operate in the international market.
Xu Teng is indeed a top talent in business, his talent in this area is obvious, and the style of doing business has always been one step at a time, not in a hurry, from 2008 acting as an agent for foreign exchange reserves, investing in Blackstone Group, to this year's formal involvement in the board of directors, he spent 6 years waiting for the best time.
Once on the board of directors of the Blackstone Group, the holdings of the Huayin consortium plus the central foreign exchange holdings of the agent can account for 1/3 of the voting rights actually controlled by him, which is enough.
This is the trend of the times, and it cannot be stopped.
Steve Schwartzman, the king of Wall Street, finally relented and took a step back, compared to 2008, The-ShunFamliy and the Huayin consortium are not at all heavyweight opponents.
Although it is a bit complicated for Blackstone Group to witness the merger of Huayin AIG with Prudential Financial Group and watch AIG Group become the world's largest financial oligarchy, it is indeed powerless and financially inferior to the other party.
Even if Blackstone and AIG are destined to compete more than cooperate, they should cooperate and still cooperate.
The Big Five on Wall Street, the 3:2 situation has reappeared, Bank of America, Blackstone, and Morgan Stanley have all chosen to give The-ShunFamliy and the Board of Directors of the Bank of China Consortium seats, the difference is that Bank of America and Morgan Stanley are more hidden, giving The-ShunFamliy board decision-making seats, and Blackstone is publicly giving decision-making seats to the Board of Directors of the Bank of China Consortium.
Now only Goldman Sachs' Lloyd Brockffen and JPMorgan Chase's Jimmy Dimon Chairman have chosen to remain silent, because these two companies have very little cooperation with the Huayin consortium and Xu Teng.
"My requirements are very simple, my family's requirements are not high, we just want to participate in investment, participate in decision-making, and better protect our investment interests. If you don't welcome it, we can always give it up and cash out as long as the price is right. Xu Teng stressed again that he would not force Lloyd Brockfin and Jimmy Dimon to take a stand, but he had to make it clear that this was the point of differentiation between cooperation and competition.
You can refuse, but one day, when you are stabbed in the back by the Huayin Consortium, don't blame him for being mercenary.
"I believe there is no problem on our side and we have to take a broader approach to cooperation against the crisis. Lloyd Brockfen decided to take a step back and open the sky, and was not in a hurry to collide with Xu Teng head-on for the time being, there was still a gap in strength.
"Thank you, I promise, we will have a great time together, friendship always deepens with time, we will always start a friendship one day, why wait many years later. Xu Teng raised his glass and motioned for everyone to celebrate the cooperation together, as for JPMorgan Chase and Chairman Jimmy Dimon, there is no need to ask more for the time being.
At this point, it's always stupid to go it alone.
Chairman Jimmy Dimon was the first to raise a glass, although he did not directly state his position, but it proved from his actions that JPMorgan Chase would not ask The-ShunFamliy to withdraw from the shareholder structure, and the board seats can definitely be given, and the specific voting rights and number of shares will be discussed slowly!
The Big Five of Wall Street and the new generation of "King of Wall Street" AIG Chairman Verence Wotande, six predators raised their glasses together to celebrate this new moment worthy of history.
Starting today, The-ShunFamliy will officially become part of Wall Street, a behind-the-scenes force qualified to coordinate Wall Street's Big Five.
This is the power, the power of a family chaebol.
This is not something that the Japanese family chaebols can do, and it will take a family with trillions of dollars in assets to subdue and force these opponents to choose to pursue cooperation wisely.