Russia's economy set a new record in 2013, reaching an unprecedented $2.2 trillion in 2013, when Xu Teng had just lost a large deal to Gazprom in Central Asia before his visit to Russia, and a scheduled gas pipeline was shut down due to Gazprom's obstruction, and even threatened to break the contract. Pen ~ fun ~ pavilion www.biquge.info

That year, the two sides also competed fiercely for a merger with the Canadian Uranium Mining Corp., which owns parts of uranium mines in Canada, South Africa and the United States, as well as nearly one-third of Kazakhstan's uranium mining capacity.

At that time, the Russian State Atomic Energy Corporation, which was responsible for the acquisition, notified Huateng Company through various channels and clearly informed Xu Teng that this was President Vladimir's decision, and Kazakhstan also expressed its intention to only hope that the Russian side would acquire this part of the business.

Gazprom and Kazakhstan also promised at that time that as long as Huateng withdrew, they would ensure the smooth construction of the second phase of the natural gas pipeline.

In this case, Xu Teng could only choose to withdraw, but he did not expect that Russia and Kazakhstan would soon break the contract and play a lot of tricks to stop the second phase of the natural gas pipeline of FMG International Resources Group, a subsidiary of Huateng Company.

Even so, Xu Teng has not been in a hurry, he has waited, just waiting for this day to come.

There are still a few days before the September futures delivery date of international oil, and the Russian consul general in Shanghai quietly arrived in Jiangzhou, because President Vladimir is going to visit China in late October, and this one is here to explore the way.

Xu Teng definitely wants to meet.

On this afternoon, Xu Teng did not read the information at home, and when the other party arrived, he specially invited the other party to the sky garden of Huateng Building, in the high-altitude forest located on the 52nd floor, to invite the other party to have afternoon tea.

This Consul General Mokingrov is not very old, he should be just over forty years old this year, he came to China in the 90s, he is fluent in Chinese, and he has met Xu Teng several times before.

The two exchanged a few words.

Consul Mokingrov took out a stack of materials, more than a dozen pieces of paper, and put them in front of Xu Teng, asking Xu Teng to look at them.

Xu Teng picked it up and looked at it, knowing that this was a clear notice from the Russian side that the Russian side had clearly informed him that it was the Huayin consortium that was shorting the ruble and international oil, and the magnitude and scale of this shorting were judged by the Russian side to be an "unprecedented attack".

"Heh!" Xu Teng smiled, didn't read it carefully, put the information aside, picked up the teacup and tasted it, and asked the other party very calmly and casually, "Is that all?"

"Mr. President, I would like to remind you that Sino-Russian relations are a comprehensive strategic partnership of coordination and have extensive common interests in the global international situation, and we are not saying that you should not do this kind of business when there is room for a large short sale of the ruble and international oil futures, but we sincerely hope that you will take into account the particularity of Sino-Russian relations and the importance of the long-term investment of the Huayin Consortium in Russia, and do not make such short-sighted decisions. Mokinrov's words are very serious, and the movements when he speaks are also very peculiar, and the gestures are raised very high, which proves that he is still very angry in his heart.

This is normal.

From May to September 2014, the ruble fell three times, with a total decline of 32%, which means that Russia's nominal dollar GDP in 2014 will fall by at least one-third, exceeding the size of $700 billion.

The key is that it is now difficult for Russia to continue to maintain the exchange rate, and can only maintain foreign exchange.

This foreign exchange is also not easy to guarantee, and after the delivery of international oil futures in September, the total losses of Rosneft and Gazprom are expected to exceed $17 billion.

Combined with the heavy losses on the June delivery date, the total loss of Rosneft alone exceeded $35 billion.

Although Russia is a big business, such a huge loss is really unbearable.

Xu Teng can only say that he really can't be blamed for this, he didn't force Rosneft to gamble, not to mention that this loss was shared by a number of financial institutions, and in the end, Rosneft's actual loss was more than 10 billion US dollars.

"80% of your data is speculation, there is no practical significance, take 10,000 steps back, even if half of the data in it is guessed correctly, I can only say that business is business. You change the name of the company to Goldman Sachs Group, and take the information to Goldman Sachs to settle accounts, what do you think they can say to you?" Xu Teng can only say this, over the years, he will not mention the grievances and grievances of the three major companies of Rosneft, Gazprom, Gazprom and Huateng FMG International Resources Group, and the Russians themselves understand it in their hearts.

"Friendship is based on taking care of each other's interests, and we do not deny that we have some disputes with the Huayin Consortium out of the needs of each other's business and national interests, but in the past year, the operation of the Huayin Consortium in the international capital market has seriously damaged Russia's national interests, and we clearly ask the chairman not to push people too much, not to make mistakes again and again. Consul Mokingrov had already spoken more indignantly, and his tone was extremely tough.

"As long as you want, you can continue to be tougher, but I really have nothing to say, a consortium is a consortium, a company is a business, a business is a business, I have even shorted A shares countless times, and no leader or person in charge has asked me to stop. As for your data, I can only say that you are thinking too much, according to your data, if I am going to lose, then I have to lose hundreds of billions of dollars in capital, how is it possible?"

"It's not a question of scale, it's a question of integrity and friendship, it's a question of mutual non-harm and threats, and I'm not saying that the chairman can't short the ruble and the Moscow stock market, but I ask you to stop in moderation. Consul Mokingrov also admitted that these statistics given by the Russian intelligence services are a bit nonsense, and that The-ShunFamliy and the Huayin consortium are unlikely to gamble hundreds of billions of dollars no matter how rich they are.

"It's even more strange for you to say this, there is such a big market speculation space, if I don't do it, others will do it, not to mention that everyone is doing it and making your money. You go to Goldman Sachs, you go to Morgan and Blackstone, and if they agree to stop shorting, I'll stop it immediately. Xu Teng will not admit that the money has been earned by The-ShunFamliy's family.

The vast majority of these data from the Russian intelligence services are from within the Big 5 on Wall Street, which is basically based on speculation, and the entire global capital market is not very clear about what the actual situation looks like.

No one has first-hand information.

Consul Mokingrov's tough stance has a limit, and it can only lower his voice, "We hope that the Huayin consortium will stand on Russia's side and help us, not fall into the trap and not put Russia in a more difficult situation." ”

"There are some things that I don't really want to say that are too ugly. The relationship between China and Russia is a relationship at the government level, and for the Huayin Consortium, we have suffered a lot in the course of our dealings with Russia over the years. When you are bullying others, you talk to me about business, not friendship, I only shorted you once, and you have to force me to talk about friendship, isn't this a bit too domineering?" Xu Teng put on a posture that his short selling on Russia is not large, and it doesn't matter to him whether Russia believes it or not.

"Chairman of the Board, in fact, I am here this time mainly to express my greetings on behalf of the President, who hopes to find time to visit Jiangzhou and the headquarters of the Huayin Consortium during his visit to China in October. Mokingrov suddenly changed the subject.

"Yes, I will definitely arrange time, and thank the President for his visit and greetings. Xu Teng already knew about the itinerary here, but this time he learned about it through official diplomatic channels.

"Do you think that before the president's visit, you continued to short the ruble and international oil prices, did you embarrass the president? From China's cultural point of view, isn't this not very good?" Mokingrov went back to the original topic, still hoping that Xu Teng would promise not to short the ruble and international oil, which made Russia very uncomfortable, and in order to maintain the exchange rate and foreign exchange, it was necessary to increase exports, and to increase exports, the international oil price and futures markets would face greater losses.

"Then how much do you estimate I have to undercalculate to make Russia happy?" Xu Teng asked rhetorically, after all, this handicap has been formed, if he doesn't do it, others will do it.

"Do you really think we in Russia are still a little bit happy?" Mokingrov didn't know how to answer, it was not good not to let others make money, but Russia also didn't have any trading chips, or was not willing to give them at all.

This has already been lost like this, and if you have to take out trading chips, wouldn't it be even more of a loss?

"Your Excellency, I am in business, and my vocation is to make money, and I invest in industry in Russia, or short rubles and oil futures, all to make money. The money was right in front of me, and it was impossible for me not to earn it. Business is business, friendship is friendship, what is friendship, you say that your economy is not good, foreign exchange is not enough, others are not willing to borrow money, you ask me to borrow, if the interest is not too low, I must have no problem here, but the problem of borrowing more and borrowing less. Xu Teng made things clear very simply, and wanted him to stop shorting oil and rubles, which is unlikely, but if he wants to borrow money to ensure that the country's finances do not have problems, it is still possible.

"Chairman, are you dissatisfied with us because Gazprom is competing with you for Kazakh gas fields and Kazakh uranium mines?" Mokingrov must have a political task to persuade Xu Teng to suspend his short-selling investment in Russia.

This is normal.

After all, the president came to visit in person, and Xu Teng was still shorting the currency exchange rate of the other country and the cornerstone of the country's economy, which is really not very embarrassing, and the leader of a big country must have face.

In order to make money, this little face is not given, so do you still need to meet?

Of course, President Vladimir's main purpose in visiting Xu Teng was to borrow money.

"In this way, Russia promises not to cut production, we will sharply shrink the short of the ruble, as for the short selling of oil and gas futures, we will not stop. Mr. Consul, you have to understand what I mean, it's not really something I can say, and I have to consult with other agencies. "Xu Teng will definitely pull out the Big Five on Wall Street, even if Russia wants to retaliate, it has to weigh whether it can do it.

Xu Teng thought about it, but decided to revise his commitment and told Consul Mokingrov, "I personally suggest that Mr. Consul and the Russian side do not have too high expectations for this, unless the Russian side has a public commitment not to reduce production, otherwise, even if I believe it, other institutions may not believe it." ”

"Do you mean that this time is a repetition of the Southeast Asian financial crisis, a complete, planned financial bloodbath?" Mokingrov has long realized that this time the global oil state crisis is completely premeditated and all-out offensive, which Russia and OPEC can all be aware of, but there is no evidence to prove it.

"I will not admit anything, but I promise that with the relationship between the Huayin consortium and Russia, at any time, I will absolutely guarantee Russia's financial security, and you can tell Mr. President that the minimum limit for emergency investments and loans to Russia that I am ready is $140 billion. Combined with government credit support between China and Russia, I believe that Russia will survive this crisis, and in four or five years, when oil prices return to normal, the Russian economy will still be above $2 trillion. ”

"$140 billion, that's just a bottom line standard. Xu Teng said this important thing twice, and then said it a third time, "Of the $140 billion, only $40 billion is loans, and the rest is investment, and when the president visits Jiangzhou, I will submit a three-year investment plan." You can also tell the president that when I visited Russia last year, I said that Russia's main problem was oil dependence, and now we can solve it, and we can use this opportunity to change the structure of Russia's economy to make it healthier and stronger. ”

$140 billion!

Frankly speaking, the president asked him to come over in advance to communicate, and the main goal was to borrow $20 billion for emergencies, and he was also ready to take out the Canadian uranium company, which the Huayin consortium was bound to win and was forced to give up in the end.

This 255-metre-high forest is very beautiful and charming, mainly planted with evergreen camphor trees and golden silk trees, dotted with beautiful flower beds, mostly roses and roses, there are about 40 kinds of roses.

Sometimes, Xu Teng would read a book in the garden, and when he left, he would cut a few roses and bring them to Xia Li.

The whole Huateng building is 279 meters high, only the sky garden on the top floor of the 52nd floor is 24 meters high, using the shape of the pyramid of four corners, towering into the sky, the use of more than 6,000 pieces of tempered bulletproof polyester wall curtain, each cost tens of thousands of yuan.

Xu Teng rarely receives guests here, and most of the time, he sits here alone and enjoys the time and quiet evenings.

"I can tell you a very interesting story. Xu Teng decided to say one thing, and he never told outsiders, even within Huateng Company.

"Okay!" Consul Mokingrov had a hunch that this matter was related to the shorting of international oil futures and the ruble exchange rate by the Huayin Consortium, perhaps one thing that Russia once hated the other side.

"In May 2006, when I went to the capital, the CICC people told me that the foreign exchange bureau was ready to invest in the shares of Freddie Mac and the subprime mortgage contract offered by Morgan, and it was a routine conversation, and they needed me to provide a feasibility guarantee report for the transaction on behalf of the domestic investment institution. This is the business rule formulated at the central bank level, although at that time the investment in subprime mortgage was evaluated as the most stable income, because the amount was too large, I still personally organized a team to go to the United States to investigate. ”

This paragraph is true, but it is just a bit of a coincidence, and the foreign exchange bureau did invite Huaxia Securities to issue a feasibility report during that time period.

"The team of 20 people, 7 of whom are investigators, they selected 4 investment banks and 10 cities in the United States to conduct real estate research, and the results shocked the whole team, all the banks on Wall Street, including all the international banks in Europe in New York, are cleverly using rating rules to package all kinds of junk subprime mortgages into 3A, 2A CDOs, and sell them to investors around the world, including the Bank of the Russian Federation and the Presidential Fund Custodian. ”

"We all know the truth today, but at that time, the senior partner of that team couldn't believe it, and called me directly, and sent more than 400 researchers from the North American branch of the Huayin Consortium to survey all the real estate and free subprime mortgage markets in 40 major cities in the United States. ”

"When I read the full report, it was September 2006!" Xu Teng was about to tell the Russians and Consul Mokingrov about the truth about the subprime mortgage crisis.

He himself got up, opened a bottle of Hennessy Richard cognac, poured a glass for Consul Mokingrov, and poured a glass himself.

After taking a sip of wine and reminiscing, Xu Teng continued to tell the story, "On that day, I decided to short subprime bonds, but at that time, the U.S. real estate industry was simply at a new peak in decades, and there was no financial institution that would do this kind of business, and there was a lack of such financial products in the market. So, I hired 55 small hedge funds, provided them with high credit guarantees, and had them represent my business separately, negotiating with the world's major international investment banks, each with one investment bank, and with each other to create a new type of subprime defaulted credit swap insurance, or CDS. ”

"It's a good business for every international investment bank, and in their eyes, we're literally giving them money, so even the smallest investment banks are opening up and we're buying $70 billion worth of CDS in two days. Every month, I pay $130 million in premiums. ”

"But that's not the end of the business, my team has hundreds of the world's best analysts, and their calculations are amazing, of course, even if you don't have to calculate, you can know that almost all of these investment banks will go bankrupt, half of the bets will not make a profit, and even my principal will be lost in the bankruptcy agreement. ”

"So, I signed guarantee agreements with 60 of the world's largest insurance companies to continue to pay more premiums and make sure we get every penny of our profits back. In the six months that followed, I shorted almost all the investment banks I bet on, as well as every insurance company that guaranteed me. I shorted the global stock market three months in advance. ”

"When the default rate of subprime mortgages in the United States reached a critical point of 4.5%, I finally spent $15 million in public relations money to persuade more than a dozen American economists with a conscience to write research articles on the subprime mortgage market at the same time period and disseminate them in all international online media. ”

"The market finally started to get nervous, and all the subprime mortgage operators were speeding up to force their customers to repay their mortgages, and the faster they pressed, the higher the default rate, and finally in April 2007, it broke through the 8% mark that everyone was expecting, and the market completely collapsed, and the CDOs rated B to 3B were the first to collapse, and then even the A, 2A subprime mortgages and CDOs held by the two houses began to avalanche. ”

"All investment banks are frantically selling their subprime mortgages to completely unsuspecting old people and retail investors, all investment bank managers, and those low-level sales managers, are crazy at all costs to deceive the investors who like them the most, retired teachers, and even relatives and friends, Goldman Sachs, Morgan, Deutsche Bank, Bank of America have all escaped, and they even shorted their own company's stock to hedge their losses. ”

"Think about it, who is betting against them, no one, Wall Street is betting against the pension funds and medical funds of the US states that they manage, throwing all the low-value customers on the front line of losses, and then telling these small and medium-sized investors who trust them...... You're bankrupt. ”

"In just a few months, all the international investment banks around the world are desperately trying to sell out their clients to ensure that they will not go bankrupt, but there are still some institutions that have fallen into bankruptcy before they even have time to deceive anyone. ”

"A few months ago, AIG sold me $4 billion worth of CDS guarantee contracts, the vast majority of which came from Bear Stearns and Lehman, and when Bear Stearns and Lehman went bankrupt and I lost even the principal of the VAM contract, AIG was forced to pay me $4.7 billion. The end result is that I went on to spend $23 billion to buy AIG!"

"In those months, I signed 42 debt-for-equity swap agreements that converted the debt of a lot of small and medium-sized investment banks and insurance companies into shares, because if I didn't, they would go bankrupt and I would get nothing. It's not just subprime mortgages, it's not just CDOs, I'm also shorting them, betting on Bear Stearns with Goldman Sachs and Merrill Lynch with Bank of America. I am also shorting the US stocks, shorting all the world's major stock market indexes, in the global stock market, I have provided a large number of preferential loans, and signed VAM agreements with those excellent listed companies that are eager to seek funds, when their stock price falls below an index, my loan will automatically become a debt-to-equity swap agreement. ”

"Today, everyone says that no one can say no to The-ShunFamliy, for the simple reason that I would never say how much money my family really has, because that is an astronomical amount that is difficult to estimate. ”

"Wall Street and the United States know exactly what The-ShunFamliy has done, and they don't hate us because that's capitalism, and the winner is not to blame. Xu Teng finished his story, of course, this is actually the work of two people, him and his father.

In this way, he tells Russia what real capitalism is, and also tells Russia that everything has just begun, and that Russia needs his loan to hold it up now.

Consul Mokingrov was speechless in astonishment.

"So, you mean that all of this today is just a repetition of the subprime mortgage crisis?" Consul Mokingrov knew very well that Xu Teng's story was telling him that the fragmentary information gathered by the Russian Federal Foreign Intelligence Service FIS on Wall Street and the conjectured plot was correct, The-ShunFamliy was shorting the entire international oil futures market, as well as the currency exchange rates and stock markets of most oil countries and commodity exporting countries.

The FIS and the financial department of the Russian Federation just can't believe that The-ShunFamliy could come up with tens of billions of dollars to make a highly leveraged bet?

Now, Consul Mokingrov understands that this is not the first time, and it is not as simple as tens of billions of dollars, The-ShunFamliy's global short-selling investment may be hundreds of billions of dollars, which is equivalent to taking out all the foreign exchange reserves of the entire Russian Federation for high-leverage betting.

"This time is even more special, we are only one of the first few institutions to detect the global commodity supply imbalance and investment bubbles, but our big data system is stronger, and our analytical and financial strength is stronger, which allows us to be more accurate and ahead of others, and have a higher rate of return than any other institution. This time, I didn't earn much of my share, but these profits were enough to ensure that Russia survived the crisis. ”

"That's my friendship and commitment, and at the same time, I hope you can convey to Mr. President, if my venture capital behavior hurts Russia, I'm sorry, I'm not the kind of person who is ruthless, I just don't like the feeling that someone else makes money and I can only watch from the sidelines. The good news is that the United States has also been deeply hurt by us capitalists, and the same is true of China, and even more so in Southeast Asia and Japan, which is capitalism. I hope the president will understand us and forgive our greed, but business is business. ”

Xu Teng finally told the Russian side about his bargaining chips, "In the past five years, Russia has always humiliated my business again and again, you think that you used Russian wisdom to solve the problem, persuaded me to retreat, and stopped me, but in my opinion, every time it is humiliation and coercion of me." In fact, I can refuse to borrow and invest in Russia, which guarantees that I will not be coerced by Russia again, but I still decided to believe in Russia and President Vladimir. ”

"I assure, and on behalf of the President, that Russia will respect the rules and principles of the international capital market even more, protect all the investments and interests of the Huayin Consortium in Russia in accordance with the law, and we will never forget those who helped us in times of crisis. "The leader of Mokingrov made a solemn promise, but whether it counts or not, I'm afraid even he himself can't say.

"It's not about helping, business is business, as long as it's profitable, I never get along with money. Xu Teng didn't really care about Russia's official commitments, because as a Chinese capital, he was not worried about the consequences of the Huayin consortium's large-scale investment in Russia.

Russia knew that the Huayin consortium had intervened in the shorting of rubles and oil on a large scale, but they did not have enough evidence, and even if they did, they could not come up with it.

A few years later, the world only knows one thing, that is, at the most critical moment for Russia, Xu Teng and the Huayin Consortium paid a huge amount of investment to save Russia from fire and water, even without mentioning the Chinese background of the Huayin Consortium, Russia will not be able to easily balance and coerce the interests of the Huayin Consortium in Russia in the future.

If Russia does this, it will basically be tantamount to announcing to the world that Russia does not welcome any foreign investment, and sooner or later it will make all foreign capital leave the market miserably.