To do business, first emphasize "potential", and then emphasize "technology". Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

This is the style of Chinese businessmen.

Xu Teng will invest 200 billion US dollars in Russia to create a "momentum" to form a strong enough sensational effect, whether it is fulfilled depends on Russia's implementation of the investment cooperation framework agreement, the Russian government's supporting work is in place, can make money, Xu Teng naturally does not care about the 200 billion US dollars.

On the contrary, if the implementation rate of the Russian government's supporting work is poor and cannot make money, then Xu Teng cannot be blamed for refusing to implement the follow-up investment plan.

Build momentum first, and then talk about technical operations, to ensure that every penny of investment can earn a good profit.

The EU is obviously still a little uncomfortable with Xu Teng's style, and was shocked by Xu Teng's operation, but on the surface, it seems that the Chinese Foreign Affairs and Commerce Ministry have done a good job, so that the EU has changed its decision and accelerated the approval of the Huayin consortium's investment transactions in Europe.

Thirty years in the east of the river, thirty years in the west of the river.

In just over a decade, the strength of the Chinese consortium has surpassed that of the United States and Europe, and with its huge size, it has first reached a leading position at the capital level, leaving the European and American consortiums and the world's top 500 companies in Europe and the United States far behind.

The Huayin consortium controls at least $400 billion of new investment every year, assuming that 1/3 of this is investment in scientific research, 1/3 is investment in fixed assets, and 1/3 is capital investment, how much is in Europe, how much is in China, and how much is in the United States, the European Union, China, and the United States will all compete.

No way, the situation is stronger than people.

In the past, the best strategy for Europe and the United States to oppose Chinese-funded acquisitions was to seize the background of state-owned capital to make a big fuss, and this trick was completely useless in the face of the Huayin Consortium; the second trick was to prevent technology leakage, and it was not very useful in the face of the Huayin Consortium, because the Huayin Consortium itself is the world's largest high-tech industrial group, and if you don't sell it, it will come up with its own set in a few years, and you will die even more miserably.

The last resort is to protect national security.

Although this trick can be killed with one blow repeatedly, it cannot be used repeatedly, otherwise, China can squeeze European and American investment in China in a similar way.

Therefore, when the foreign minister of the left-wing conservative politician in Germany put forward a new point of view and commented that the Huayin consortium is a Chinese vulture and a scavenger in the world of international capital, he was criticizing it morally, and it quickly became popular in the developed countries of the world for a while, and even flooded, affecting the developing countries on a large scale.

In addition to the exaggerated reports and exaggerations of the international media, a large number of international NGOs have also fueled the flames, and huge demonstrations have been staged in New York, Brazil, and Europe, encouraging young people to rebel against the Huayin Consortium into a fashion.

No matter how good Xu Teng's cultivation is, he will inevitably be angry in the face of this kind of public opinion campaign.

His original idea was not to rush back to fight back, but to return to China first to recuperate, deal with the problems of the Huayin Consortium and Huateng Industrial Complex, and slowly sit back and watch the world economy fall into a deeper period of turmoil.

Unexpectedly, the EU had to invite him over.

He doesn't have such a good culture, and while being slandered by you, he also comes to the door to add luster to you.

April 24, 2015.

Shortly after the G20 summit, Xu Teng arrived in London's Regent's Park for a few days of rest, and Germany's second-largest investment bank, Dresster Bank, fell into bankruptcy and reorganization, and was finally taken over by Deutsche Bank.

However, the situation of Deutsche Bank is also very bad, as Germany's largest commercial bank and comprehensive investment bank, Deutsche Bank's several heavy losses in the financial derivatives market have seriously threatened the security of the entire German financial industry.

Europe is really strong enough to survive the European debt crisis, but under the two serious impacts of the 14-year international resource bubble crisis and the 15-year Middle East exchange rate crisis, the European financial industry has reached the verge of collapse.

The G20 summit's prescription for the EU is to speed up the integration of Europe's financial industry, because there are too many small and medium-sized banks and insurance companies in Europe, high costs, and weak risk control capabilities.

For example, the United Kingdom, don't look at the United Kingdom, in fact, there are eight major banks and more than 40 county-level regional banks, such as Liverpool Bank and Manchester Civic Bank, which have a large market share in various places.

France is not big, but there are more than 20 major banks in the whole of France, and the scale from the first to the sixth is about the same, so even the French themselves can't figure out which one is the first bank in France.

As the originator of the world's banking industry, Italy has a large number of banks.

How many years did it take for Italy's banking industry to develop, and it was only in 1998 that more than 20 regional banks merged with each other to form USPA, Italy's largest bank, after the Southeast Asian financial crisis spread to the world.

There is still a big problem in the European financial industry, taking USPA as an example, it itself is formed by the merger of more than 20 Italian regional banks, so far, except for Milan, Rome and other big cities can see the USPA logo of the bank, the rest of the regions still use the original bank logo, from the bank's management personnel to the system, there is basically no change, in essence is just a confederation model of the banking union.

The Royal Bank of Scotland wholly owns Westminster Bank and Lloyds Bank wholly owns Halifax Bank, but these banks operate separately and manage their own banks, and in fact they are only a union of banks.

Such a situation is very common throughout the European Union.

Don't look at the small banks, they are all hundreds of years old, just look for one, it may be an antique bank established in 1473.

After LinkedIn Guofuxin Group led by Carrie Mei to acquire TSB, UniCredit and Crédit Commercialis, it has been actively and strongly promoting integration, and the effect is actually not very good.

The EU has always had a problem with being a good teacher, but it has been indifferent to these fatal shortcomings of its own.

Now the trouble is that the European financial industry has finally collectively hit the rocks, one ring after another, the investment banks drag down the commercial banks, and the commercial banks drag down the insurance companies, all of them are dead, and there is no possibility of turning over.

Even in the British financial industry, Intcredit, HSBC, and Prudential are generally fine because of their strong Asian business, while others are very sluggish, and the Royal Bank of Scotland is no exception.

Xu Teng didn't have to worry about these things for the time being, and took a week off in London, accompanying his children and mother to the supermarket, going to the zoo, watching the ship in the port, and going to the Liverpool club to watch the game every day.

One day, when the very innocent little girl asked him, Dad, why can't you live at home like someone else's father, he felt a little sad and a lot of guilt.

At this moment, Xu Teng suddenly realized that no one's life in this world is absolutely perfect, as long as there are mistakes, there will be regrets, but life.

Life is all about making mistakes and leaving regrets.

After resting in the UK for more than 20 days, at the end of May, Xu Teng returned to China by special plane, just took the new special plane A380 back to China, this time, he simply sent a technical team directly into the Airbus A380 assembly plant, all accessories are temporarily selected, completely checked and scanned before they are allowed to be used.

This prevents the CIA and MI5 from continuing to install unnecessary on his plane.

This time, Airbus is also an absolute promise, and if there is an accident, Airbus will be responsible for losing money.

Even so, Xu Teng was still not at ease, although he received the plane at the end of last year, he still specially sent it to Yan Liang to entrust the real intelligence agency and the Air Force to inspect it, and make sure that it was foolproof before it was officially used.

With Mecarrie's consent, he brought his two children back to China to live for a while to familiarize them with China and Chinese.

Charlie may not be a perfect mother, but neither is Mecarrie.

Five kids!

It doesn't matter, Xu Teng believes that Xia Li and Hua Lingling, Sister Hong, and Jin Xiaotao can take care of it.

During this time, the European financial industry finally set off a tide of restructuring, and each other fought against risks through mergers and layoffs, about this, he and Mei Jiali also talked very clearly, now in Europe, the acquisition of ABB still makes sense, and the acquisition of Deutsche Bank or something is simply the most loss-making business.

USPA Bank, a subsidiary of the British Intercredit Group, is actually a banking alliance composed of two banks, UniCredit Bank of Italy and UniCredit Bank of Germany, plus Credit Bank of Moscow, which means that Fortrust Group has wholly-owned subsidiaries in Italy, Germany, France, the United Kingdom, Russia, and Singapore.

Europe's banking sector is actually very miserable, and in the long run, the trend of the European economy warming is also minimal.

It is not easy for Intertrust Group to maintain its current size and level, and it has no intention of taking advantage of this situation to continue to expand, after all, profit is more important than scale.

Therefore, this tide of restructuring of the European financial industry has little substantive significance for Xu Teng and the Huayin AIG consortium.

If he didn't have to go to Belgium to attend the G20 summit, according to Xu Teng's original plan, he should return to China in April and handle domestic work in a low-key manner.

After going back and forth like this, he did not return to Jiangzhou until the end of May.

In 2014, both The-ShunFamliy and the Huayin Consortium ushered in an unprecedented harvest period.

The situation in 2015 is complicated, the global economy began to fall into a new trough in the second half of 2014, and this year has entered a deep downward cycle, with the total number of global bankruptcies and unemployment rates already exceeding the peak of the subprime mortgage crisis.

In the first quarter of 2014, the total sales of Huateng Industrial Complex increased by 11.2% year-on-year compared with the first quarter of 2013.

In the first quarter of 2015, that figure plummeted to 8.7 percent, and net profit growth was only 6.9 percent.

The industrial data for the first quarter was delivered to Xu Teng in late April, when he was still in Brussels, Belgium, and when he first got it, he was actually very worried, which means that the entire Chinese economy will have a lot of downward pressure in 2015.

During his vacation in the UK, Xu Teng has analyzed the global economic data in detail with the assistance of Dr. Lu, and the reports of various economic research institutions have also been repeatedly studied.

After returning to China, he seized the time to meet with the responsible teams of each of the first-level industrial groups and first-level subsidiaries of the Huayin Consortium to find out the operating conditions and internal ideas of each company, and tried his best to assist each team in reformulating strategies.

He has nothing to say, this is a sin he has created.

Jiangzhou, the science and technology building of Huateng company headquarters.

That afternoon, as soon as Xu Teng went downstairs and returned to his office on the 48th floor, Han Dai called over from an internal line, saying that Governor Song of the province and Qiu Leader of the Development Committee had arrived at the same time.

Xu Teng is very familiar with these two leaders, even if he wanted to meet at noon, Xu Teng agreed.

A few minutes later, the two leaders entered the office.

Xu Teng had just signed a new investment plan, and it happened that the leaders of the Development Committee Qiu and the leaders of the province Song were there, so he asked the secretary to hand them over to the two leaders.

"Gee, it would be nice if you could come up with these plans at the beginning of the year. "Leader Qiu came over this time, in fact, to discuss these things with Xu Teng.

The last time we met at the G20 meeting in Brussels, Qiu had already told Xu Teng in advance that he would seize the time to launch a batch of new plans, and the downward pressure on the domestic economy was very high, and the decline in exports was very high.

"The profit margin for these projects is limited, and it is not a last resort, and there is really no need to do it. Xu Teng actually realized the trend of a serious downturn in the global economy last year, and although he drew up some investment plans for the record, he still held on to a fluke to see if the central government could launch a larger economic stimulus policy in 2015.

So far, it seems that the will of the top level to reduce production capacity and optimize the industrial structure is very firm, and the minimum figure for GDP growth is not high, which can be maintained at 6.5%.

During this period, the central government has introduced a number of preferential tax reduction policies, launched a number of major infrastructure and water conservancy projects, and cut interest rates twice in March and May.

Trade.

At the level of Xu Teng, the political sensitivity is very strong, and the two interest rate cuts mean that the central government is basically unlikely to launch large-scale economic stimulus policies, mainly through a combination of interest rate cuts, subsidies, tax cuts and the provision of local debt guarantees, to encourage enterprises to expand investment, and encourage local governments to increase investment in people's livelihood construction and infrastructure.

Therefore, Xu Teng returned from a vacation in London, seized the time to meet with the joint partners of various industrial groups, and launched the record investment plan drawn up last year.

In Jiangzhou and Huaizhou, Jiangtai Group is preparing to cooperate with the five major power generation groups to expand two thermal power plants on the basis of Jiangzhou Thermal Power Plant and Huaizhou Thermal Power Plant, which are the world's first and seventh largest thermal power plants.

Huaizhou Thermal Power Plant has added four 850°C ultra-supercritical coal-fired units with a single capacity of 1.2 million kilowatts.

This is also the world's first use of 850 °C ultra-supercritical technology, from the technical level, has represented the highest level of global ultra-supercritical power generation technology, compared with the traditional 700 °C increased by nearly 150 °C, environmental protection and energy saving index is very high, the disadvantage is that the cost is relatively high.

The advantage is that all equipment is completely localized, and it is also a scientific research project fully promoted by Huateng Industrial Body.

As for Jiangzhou Thermal Power Plant, due to environmental protection and haze factors, Jiangzhou Thermal Power Plant has been mainly promoting the combined cycle IGCC gas-fired coal-fired power plant since 2008, and on the basis of the introduction of 9F civil gas turbine technology from GE, Mitsubishi and Siemens in 2003, Huateng Industrial Body has spent 12 years researching key problems, absorbing the relevant technological progress of military turbines, and launching 9H gas-fired units with independent technology patents.

IGCC is also coal-burning, but the pulverized coal is not completely burned to form high-calorie gas, which is re-burned in the gas unit, which is the so-called combined cycle power generation technology, even if it is now localized, the investment cost of 1 million kilowatt unit specifications is at least 1.7 times that of ultra-supercritical technology.

Xu Teng's attitude is a bit different from that of the domestic planning department, and his view has always been that the two technologies are advancing at the same time, with the coastal areas, especially the Beijing-Tianjin-Hebei region, relying on IGCC for power supply, and the central and western regions and coal production capacity bases using ultra-supercritical.

Therefore, the state-owned enterprise system has been engaged in ultra-supercritical, and Huateng Industrial is developing two completely different coal-fired thermal power technologies, ultra-supercritical and IGCC, at the same time.

Compared with the two, the return on investment of the latter is indeed relatively low, which is why the Huayin consortium temporarily shelved the Jiangzhou Thermal Power Plant, a 9H IGCC thermal power plant project, until this year.

These are small projects.

The big project that Xu Teng really wants to promote is the "integration of the Huaihai Economic Zone", the construction of high-speed railways between Shaanxi, Henan, Huaizhou, Xuzhou and Haizhou, the addition of four new inter-provincial expressways, and the increase of Haizhou's port expansion project.

On the basis of the Haizhou nuclear power plant, two ACP310 units will continue to be added, which is a new unit specification formulated on the basis of the ACP300 domestic third-generation nuclear power, and the overall technical framework is basically the same, but the scale of overseas suppliers has shrunk again.

Therefore, both units have a certain experimental nature.

The Huaihai Economic Zone is located in the middle of the Bohai Bay Economic Zone and the Yangtze River Economic Belt, which has certain development value, and extends inland along this Huaihai high-speed railway, which can effectively absorb the labor resources of the northern region of Jianghuai Province and Henan Province and Shaanxi Province.

This is a really big investment, coupled with the planning of the Guanzhou Semiconductor Industrial Zone, which is basically the two regional economic investment plans officially launched by the Huayin Consortium in 2015.

In fact, the leaders at the provincial level are almost the same.

Regarding Xu Teng's plan to restructure the Pearl River Bay Economic Circle, the governor of Jianghuai Province, Song Province, has no opinion, and he is neither happy nor unhappy...... I must still be unhappy in my heart.

For the investment plan of the Huaihai Economic Zone, the leader of Song was very happy, and the leader of the Tongtong Development Committee Qiu sighed with emotion, "Old Qiu, let me tell you, we still have to count on our Chairman Xu at the critical moment." ”

"It makes sense, at the critical moment, it really depends on the chairman. "Leader Qiu is actually a little afraid of Xu Teng now, because at the G20 summit, he watched Xu Teng criticize the European Union, Japan and Australia, and saw Xu Teng's investment commitment of 200 billion US dollars to Russia, which smashed the unilateral sanctions of Europe and the United States against Russia.

As a result, in the past few months, the EU has not meant to fight back at all, and the speed of the EU's approval of Chinese investment has actually accelerated.

Leader Qiu's judgment of Xu Teng is that the general trend has been achieved, and his temper is big, so he can't be provoked.

"You're here to ask about the restructuring of the domestic steel industry, right?" Xu Teng asked Qiu directly, whether he had been chasing this matter recently.

"The restructuring of the iron and steel industry must be the focus, but we should also ask the chairman about the international economic situation and the domestic economic situation in the second half of the year, after all, the chairman here has a lot of data, there are many analysts, our own internal analysis may not be accurate enough, and the chairman of the board of directors to communicate more. Leader Qiu also smiled, he knew very well that Xu Teng had a lot of data in his hands and did not share it with the Development Committee, and the international economic data report sent every month was just a simple classification, and would not send the information source and detailed data report to the Development Committee.

The reason for this is simple: if the Development Commission has all the detailed data, it means that all the provinces have the data.

What else does Xu Teng do in business?

"The situation in the second half of the year will be a little better, because the monetary and fiscal policies of the world's major developed countries are all launched after the G20 summit, and many policies were launched in May, and if you want to see results, you must wait until June, or even after September. ”

Xu Teng's side not only has many information sources, but also has a wealth of statistical scope, depth and calculation models, which are the advantages accumulated by years of investment, "I personally believe that it is not difficult for domestic economic growth to maintain the 6.5% mark this year." The U.S. economy will definitely pick up in the second half of the year, and it is possible that GDP growth will remain at the level of 1.4% for the whole year. It is difficult to say in Europe, Britain and Germany should still be better, Switzerland and Sweden will not be bad, and whether France's annual GDP data can maintain positive growth will not be known until September. ”

"The general environment is indeed not good, but the decline in global commodity prices has a role in promoting the growth of the global economy and consumption, and I estimate that after September this year, starting from the third quarter, the negative factors of the international resource bubble and the exchange rate crisis in the Middle East will probably pass, and only Europe may still be mired in a debt crisis. Xu Teng said that he was very optimistic, but he was not particularly optimistic in his heart.

By now, Xu Teng's predictable cards have been completely played.

This means that from this year onwards, The-ShunFamliy will only be able to rely on fundamentals to make money in the future, and there will be no more big moves, which is why Xu Teng lacks interest in the integration of the European financial industry.

Money can't be spent randomly.

In addition to making profits from cheap assets in commodity countries such as Russia and South America, he no longer has a good shortcut to make money, and he can only make money steadily in the future.

Although Europe's assets are cheap, technically speaking, everything that can be bought has been almost bought, and the last few items such as ASML and Zeiss are not willing to be sold in Europe, so they can only rely on their own to strengthen R&D and investment, and slowly advance.

In the long run, the long-term profitability of European assets is low and will continue to depreciate.

Xu Teng said at the G20 summit that the annual new investment of the Huayin consortium is more than 400 billion US dollars, and the proportion of investment in developing economies will reach 80% in the future, which is not an angry talk.

In the future, the overseas investment of the Huayin Consortium will mainly focus on the investment in scientific research and the investment in bonds, futures and stocks in the field of capital, and large-scale overseas mergers and acquisitions will become less and less.

The situation is very similar to that in 2011, Xu Teng wants to shrink into the local market, and most of the investment in scientific research, production capacity and equipment, and financial investment will be concentrated in China.

Xu Teng's attitude is also very clear, I want to maintain the balance of trade and investment between China and Europe, China and the United States, but you don't let me invest in high-quality assets, force me to pay higher costs, and even force me to invest in low-quality assets.

Well, I'll go back to the local market and see you die.

Xu Teng is not simply coercing the EU to back down with words, but really wants to return to the local market and sit back and watch the European economy fall into a depression, he also knows very well that the European economy is in such a recession, which is harmful to the entire global economy and the Huayin AIG consortium, but since he has made this decision, he has nothing to regret.

All he can say is that long pain is better than short pain.

From this point of view, Xu Teng can hardly be said to be optimistic.

On the restructuring and integration of China's iron and steel industry, Xu Teng has put Li Daxiao, the vice chairman, personally in charge, and there has not been much progress for the time being, and now it can only be emphasized that the state-owned iron and steel enterprises have accelerated the integration into two steel giants, and private steel mills have formed a steel industry alliance to coordinate each other's production capacity and iron ore imports.

The end result is still not very optimistic.

The real idea of the Development Committee and the Qiu leadership is actually to use the holding capacity and capital scale of the Huayin consortium to merge these private steel groups, plus the Huayin consortium's overseas iron ore reserves, to form an international steel giant, just like ArcelorMittal Steel.

Leader Qiu didn't dare to say it directly, but just hinted repeatedly.

Xu Teng also ignored his hints.

In the domestic steel industry, under the promotion of the central, local, Huayin consortium and Huateng industrial body, Baosteel has been integrated into the new China South Iron and Steel Group Corporation, with the main production base along the Yangtze River Economic Belt, with a total steel production capacity of more than 300 million tons.

As a long-term financial investment and strategic partner, Huateng Company holds a 14.3% stake in this central steel giant, assisting the other party to continue to deepen the restructuring, optimize the industrial layout and scientific and technological research and development capabilities, and assist the other party in acquiring the Brazilian United Iron Ore Company, plus the iron ore resources held by various state-owned enterprises in China, Africa and other countries, which basically meet their own iron ore needs.

In the overseas market, with the assistance of the Huayin consortium, Zhongnan Iron and Steel Group has squeezed out the European bearing steel and special steel markets through the acquisition of Ovako Steel Company of Sweden, and has exported technology and production lines to seize the Indian steel market and iron ore reserves through the acquisition of Essar Iron and Steel Group, the fourth largest steel company in India.

Where does Zhongnan, Xu Teng and Huayin Consortium need to care about the life and death of other domestic steel companies?

The central government has the central planning, the development committee has the idea of the development committee, and similarly, the Huateng industrial complex also has its own ideas, Xu Teng and Zhongnan Iron and Steel Group's intention is actually to use the capital advantage to quickly seize the international iron ore supply source, and then continue to increase prices to squeeze domestic competitors.

Leader Qiu had high hopes for Xu Teng, and could only say that it was a major miscalculation.

In these years, if you have milk, you are a mother.

With Shougang, Anshan Iron and Steel and Jinshan Iron and Steel as the main body, the Beigang Group, which is being integrated, also holds a large number of iron ore resources and has a relatively low dependence on international iron ore.

Even so, the leaders of Beigang Group have also entrusted the middleman and Xu Teng to express their strong admiration, want to cooperate, really only want to cooperate with the Huayin consortium, what are the four major banks, the leader only has Huayin in his heart.

Smart people don't talk two words.

Beigang, Nangang and Huayin Consortium actually thought of a piece, not to talk about how much profits and taxes they have to pay every year, and then join forces to kill more than a dozen large private iron and steel companies.

All this, Xu Teng only does not say anything, he is the emperor of capital, and he never talks about feelings with the weak. At this moment, Xu Teng forgot that there was another kind of force that did not talk to him about his feelings, for example, when Leader Qiu came over today, he didn't talk to him about his feelings.