In the past four or five years, more than 100 books and more than 60 commercial magazines have been published around the world, trying to explain the entire Huayin Consortium in detail, and the various analyses are similar. Pen % fun % Pavilion www.biquge.info

Xu Teng can give a clearer answer.

The source of the Huayin Consortium is more than 4,000 family trust funds scattered around the world, and jointly controls five major capital companies: Huateng Company, Galaxy Capital, Phoenix Capital Group, IMB, and AIG.

China Huateng Industrial Holdings Co., Ltd. is the parent company of the entire Huateng system, with 27 first-class industrial groups and 55 first-class subsidiaries, and is also the largest shareholder of AIG, ConocoPhillips, AMD, Microsoft, Franklin Resources and Pioneer Energy.

It is also the only group company in the world with a total market capitalization of more than $2 trillion.

GSG, the parent company of Galaxy Macau Capital Group Limited, is the parent company of Macau Galaxy Gaming & Entertainment Company, Austria Bwin Gaming Company, Asia Galaxy Cinemas and Public Bank Malaysia, and is the largest private equity fund in Asia, with extensive private equity investments in China and ASEAN.

PCG, Phoenix-Capital-Group, Phoenix Capital Group is the holding parent company of British Energy and Power Company, Imperial Chemicals, Vodafone, AstraZeneca, and Cartier Group, and is also the largest shareholder of Intertrust Group, Anglo American Resources, Senior Care, B&Q, Marks & Spencer, and Silicon Valley Bank (SVB).

FuCredit, the British IMS Bank Group is the third largest comprehensive bank in Europe, with InterCredit International Asset Management, Intertrust Securities, Intercredit Insurance, Standard Life and InterCredit Bank as its main businesses, and is also the controlling parent company of UniCredit Italy, TSB and Crédit Mercancia.

AIG, the American International Financial Group, is currently the world's largest comprehensive financial group in terms of total assets and second in market capitalization, ranking first in the world in international asset management and insurance business, second in the world in investment banking and securities business, and third in North America in credit card and commercial banking business.

Huateng Industrial, Galaxy Capital, Phoenix Capital, and IMBA are all family-controlled conglomerates directly controlled by The-ShunFamliy, while AIG is the largest capital and financial group in the United States indirectly controlled by The-ShunFamliy through family-controlled companies and concerted party agreements.

This is the world's first consortium known as "HGPF-AIG", spanning the three major economies of China, Europe and the United States, and more commonly referred to as the Huayin AIG consortium, with total assets of more than 4 trillion US dollars of five major capital group consortium, equivalent to 65% of the total assets of China's 105 central enterprises in 2013.

Therefore, when Xu Teng said that he would pay $193 billion to buy Pfizer, it was not a joke.

People of his rank did not joke, saying that if they wanted to pay $193 billion, they would not give a penny less, but they might not give a penny more.

Pfizer Group Chairman Yin Ruide...... The old gentleman Ian-Rhett is obviously not willing to sell at this price, and that is only the language of negotiation. Shortly after leaving the Chrysler Building, Yoon deliberately leaked the news to the media, spurring Pfizer's stock price to skyrocket, hoping to use the pressure from the board of directors and the stock market to raise the price.

No one doesn't like to make money.

Since the opponent has money, Chairman Yin Ruide is ready to make the opponent pay the price of $230 billion, yes, this price is the price that he and the Pfizer board of directors are willing to cash in, although they all know that Pfizer is not worth so much money.

On the other hand, in Xu Teng's view, $170 billion is a reasonable price, and more than $170 billion is a loss.

After the news leaked, the whole Wall Street, the whole of the United States, was shocked.

At this time, the United States is like the United Kingdom in 2011, afraid that the entire United States will be shorted by the Bank of China consortium.

Americans don't know that this deal was originally initiated by Pfizer itself, nor do they know that Pfizer itself is in a lot of trouble, has a high debt ratio, and is not worth so much money, they only know that Pfizer is the world's largest high-tech pharmaceutical company.

This is an American treasure.

Resolutely not sold!

This is a sky-high deal worth $193 billion, the largest commercial merger in the world's history, and even the American media, which has rarely questioned Xu Teng and the Huayin consortium in recent years, and avoided causing trouble, began to make a fuss.

No one dared to question that Xu Teng couldn't afford to pay, they were worried that Xu Teng had too much money and bought the whole of the United States.

They are concerned that Xu Teng will transfer all of Pfizer's technology and products to China.

Xu Teng did not respond to these messy questions at all, because the probability of success of this business is extremely low, and it makes no difference to him whether it succeeds or not.

It's done, it's good.

No, it doesn't matter.

What's more, a real bloody storm and a real financial tsunami are coming, Xu Teng has no heart to pay attention to Pfizer's little thing at all, only the board of directors of Pfizer Group thinks that they have caught a big fish, and only the American media and the American people think that the wolf is coming.

Soon, Xu Teng will prove to everyone that he is not a wolf, he is a wolf god.

Boom.

This year's New Year's fireworks event on the Hudson River, privately sponsored by Xu Teng, cost $6.66 million, arguably the most dazzling and colorful fireworks ever seen in New York, lighting up the entire night along the Hudson River.

A few hours ago, the final trading price of Brent crude oil futures on the December delivery day was finally broken below $30, the first time since 2003 that the international oil futures price fell below $30 per barrel.

With this result, Saudi Arabia's national foreign exchange reserves have fallen below $500 billion, and the time has finally come to break through the OPEC linked exchange rate system.

The Huayin consortium and the Wall Street Big Five did not immediately attack the Saudi riyal, but attacked the Qatari riyal first, because Qatar has suffered the largest losses in the past year, and its foreign exchange reserves are already less than $130 billion, which is easier to penetrate than the Saudi riyal.

There is no doubt that this is a repeat of the Southeast Asian financial crisis in '97, and the goal is to directly target the linked exchange rate system, and the offensive of the long and short sides is very fierce, and as a result, within two days, Qatar was forced to abandon the linked exchange rate system.

2015 was so bloody, just after New Year's Day, from January 5 to January 9, Qatar and Kuwait successively abandoned the linked exchange rate system, and on January 10, the United Arab Emirates also abandoned the linked exchange rate system.

The focus has finally been on Saudi Arabia.

Hundreds of international hedge funds, which have made huge profits from Qatar, Kuwait and the United Arab Emirates, have finally turned their fingers on Saudi Arabia once again.

For a country with oil exports as the main pillar of its economy, it is normal for oil prices to fall, exchange rates to fall, and national output and per capita income to decline...... This is a very normal international business logic.

For countries like OPEC, the situation is different, because they simply have no competitiveness at all, except for oil.

They only intend to use their huge foreign exchange reserves to support the exchange rate to ensure that national wealth does not decline and does not cause social chaos, which is what monarchies fear the most.

Compared with Southeast Asia, OPEC's biggest advantage is that they basically have nothing but oil, no stock market bubble, no real estate bubble, because compared with the huge oil industry income, their stock market, real estate, and consumer market are almost equal to zero.

This is also their biggest disadvantage.

As long as you keep an eye on foreign exchange, you can kill the opponent by constantly selling short with high leverage.

Although Saudi Arabia still holds 500 billion US dollars in foreign exchange, it does not have any industry of its own, everything depends on imports, and it must maintain a large amount of foreign exchange for daily trade settlement.

This is the case in the United Arab Emirates and Qatar, when the foreign exchange is reduced to a certain scale and it is impossible to borrow from the international capital market, it can only abandon the system of the linked exchange rate, give up the exchange rate, and preserve the foreign exchange.

The short selling scale of hundreds of international hedge funds has exceeded the sky, and will force Saudi Arabia to lose half of its foreign exchange in just a few days.

Over the past 20 years, Saudi Arabia has relied on its abundant oil revenues and foreign exchange to continuously increase the worship of tens of thousands of royal family members, distribute welfare to its citizens, and borrow heavily to aid other Arab countries in order to maintain its position as the leader of the so-called Gulf and Arab states.

At this point, he finally reaped the consequences.

On the surface, Saudi Arabia still holds $500 billion in foreign exchange reserves, and the actual amount available is less than half, but for Saudi Arabia, if it abandons the linked exchange rate system, it will lead to a sharp drop in the Saudi riyal and a difficult life for its people, and the final consequences will be absolutely unbearable for Saudi Arabia.

From January 11 to January 15, the two sides fought fiercely, and they did not give in to each other, and between buying riyal and shorting rial, the total leverage of each exceeded one trillion dollars.

Seeing that Saudi Arabia was about to abandon the linked exchange rate system, on the afternoon of January 15, the situation changed sharply, and the number of dollars sold in the international foreign exchange market increased sharply...... Some people surrounded Wei to save Zhao, attacked the dollar, and protected the Saudi riyal.

On January 16, when Saudi Arabia once again strongly stated that it would not abandon the linked exchange rate system and that there was enough foreign exchange to maintain the exchange, the situation finally took a sharp turn.

There are rumors in the international market that the Huayin consortium will sign a loan and guarantee agreement with Saudi Arabia totaling more than $300 billion.

The moment he heard the news, Lloyd Brockfen, chairman and CEO of Goldman Sachs, only felt that everything was spinning, and after regaining his composure, he immediately drove to the Chrysler Building.

As a result, at the entrance of the building, a group of Saudi bureaucrats were seen escorting the Saudi consul general and several princes out of the building.

A few weeks ago, Lloyd Brockfen had just replaced Goldman Sachs with a batch of Audi A8Ls and Lincoln Continental to demonstrate Goldman's willingness to cooperate with the Huayin consortium, and he felt not only betrayal, but also humiliation in the car.

Although Goldman Sachs has been crazy about hedging risks in reverse, this time, Goldman Sachs has teamed up with Morgan Stanley and Soros's quantum funds to short rials on a scale that is too large.

Lloyd Brockfen is confident that The-ShunFamliy's stake in Morgan Stanley is no less than 1/4, and the new chairman, Colm Kayher, is the candidate recommended by Xu Teng.

This made him defenseless, convinced that he could join forces with Morgan Stanley, and in order to make more profits and catch up with the growth of AIG, he shorted the size of rial or even twice the size of Morgan Stanley.

This means that Goldman Sachs is likely to make a record loss or even go bankrupt.

Goldman Sachs is not a consortium of Bank of China, it is not AIG, Goldman Sachs does not have such a large liquidity area, and a huge loss of tens of billions of dollars is enough to make Goldman Sachs go bankrupt.

Although he had a premonition of the coming of the catastrophe, Lloyd Brockfen still did not want to give up, and still had to go upstairs to meet Xu Teng, and he asked Xu Teng to give an explanation.

Shredding the OPEC linked exchange rate system is a tacit agreement between China and the United States at the political level, and it is of vital importance to both countries.

Every step of the whole thing was planned by Xu Teng himself.

How can this be?

Lloyd Brockfin felt like he was in the college entrance examination at the moment, and he was suddenly shouted by the invigilator, and his heart was full of fear and panic, nervousness, as if his whole life had been ruined.

When he got out of the car, he almost slipped and barely stood firm by holding on to the cold black door.

At the Cloud Club on the 75th floor of the Chrysler Building, as soon as he saw off the negotiation team led by the Saudi Finance Minister himself, Xu Teng ushered in the next visit, and when negotiations were underway, Lloyd Brockfen could only wait in the corridor outside the club's glass wall for more than ten minutes.

Immediately, he saw Parker Gilbert III, the former chairman of Morgan Stanley, walking out of the club with the help of his assistant, and Xu Teng also went out to see him off.

When they saw Lloyd Brockffen, they both raised their hands to say hello and continued to walk towards the elevator.

At this moment, the chairman of Goldman Sachs didn't even know what to say, everything around him was so noisy and slow, he seemed to hear everything, but the whole world was spinning.

Thump.

When Xu Teng calmly raised his hand to say hello, Lloyd Brockfen fell down the hallway, on the burgundy carpet.

Dozens of minutes later.

Lloyd Brockfin woke up from a coma.

The Chrysler Building has a fairly functional medical center with several senior physicians in general surgery, internal medicine and psychology, as well as some nurses, who provide medical and health services to the employees of Huateng's U.S. headquarters, as well as daily physical examinations.

Xu Teng had Lloyd Brockfin sent here, and did some urgent tests, and the results were normal, just a very ordinary fainting.

"You should probably rest for a few days. Seeing the other party wake up, Xu Teng personally brought a glass of warm water to the other party, sat on the chair next to the hospital bed, and looked at the other party quietly.

"How many dollar contracts did Huayin bet on?" Lloyd Brockfin no longer cares how much Xu Teng lent to Saudi Arabia, he just wants to find out how much Goldman Sachs has lost this time.

"Saudi Arabia offered me a contract that I couldn't refuse, and after careful consideration, I decided to accept the offer. As for how many dollar contracts we buy, that's up to Saudi Arabia, and I'm only responsible for providing loans. Xu Teng has nothing to make a fuss about, and he shirks all the blame to Saudi Arabia in one sentence.

Business is business, and no one says you can't betray Wall Street, and no one says you can't calculate Wall Street.

Let alone.

He's Wall Street, and he's just counting Goldman Sachs and JPMorgan Chase.

Morgan Stanley also paid a heavy price, but it doesn't matter, as long as it can crush Goldman Sachs, a sworn enemy in the industry, it is worth the price, and half an hour ago, Parker Gilbert III also accepted Xu Teng's apology.

Goldman Sachs is certain to die, because Morgan Stanley has lost $14 billion, and if it weren't for Xu Teng's continued provision of a batch of risk swap agreements to cut the loss in half, this heavy blow may also bring Morgan Stanley to the brink of bankruptcy.

This is a double loss.

Xu Teng estimates that Goldman Sachs' total loss may be as high as $37 billion, and 90% of Goldman Sachs' business is concentrated in investment banks, and it is too late to sell assets to cash out temporarily, and bankruptcy is a 90% thing.

Unless the U.S. Treasury provides an injection of capital to bail out Goldman Sachs.

In any case, Goldman Sachs' business reputation and rating will be ruined by this battle, and it will no longer be a threat to AIG.

It is better to cut off one of its fingers than to hurt its ten fingers.

Whether it is the semiconductor industry or the pharmaceutical industry, it is not a real blow to the United States, and the collapse of Goldman Sachs is the real cut off, just as the subprime mortgage crisis bankrupted Liangfang, Lehman and Citigroup.

If it weren't for the heavy blow to Wall Street caused by the subprime mortgage crisis, especially the loss of Citigroup, which caused the traditional seven giants of Wall Street to exist in name only, The-ShunFamliy and the Huayin consortium would not have been able to enter Wall Street and seize a place.

From the resource bubble crisis in 14 years to the Middle East financial crisis in 15 years, Wall Street has made gains and losses, and the hegemony of the world's financial industry has suffered a heavy blow again.

In fact, Xu Teng deceived everyone from the beginning, he had people falsify a large number of data statements, making Goldman Sachs, JPMorgan Chase, and Morgan Stanley think that Saudi Arabia's foreign exchange reserves are less than $400 billion.

At the time of the offensive of the Big Five, Saudi Arabia actually had $470 billion in foreign exchange reserves, and the gap of $70 billion was a fatal error.

In the beginning, he was involved in the attack on the Qatari riyal, and later in Kuwait and the UAE, he did not participate, but only provided peer-to-peer lending agreements behind the scenes, providing ammunition for Goldman Sachs and hedge funds.

In the end, when the Big Five on Wall Street controlled hundreds of international hedge funds to besiege Saudi Arabia, he reversed the tide and operated in the opposite direction to provide more ammunition for Saudi Arabia.

He chose to help Saudi Arabia and raised $230 billion with Saudi Arabia to sell short in New York, London, Hong Kong, Singapore, and Tokyo at the same time, shorting rials on one side and dollars on the other, creating a record-breaking scale of betting.

In a way, this is a repeat of the 97 Southeast Asian financial crisis, in which Wall Street lost all the tens of billions of dollars it had earned before, and had to lose tens of billions of dollars again.

"If you're going to report this to Mr. President, tell him that Madison Manor is a good place to kill people, and I've got the evidence I want. If I encounter any more assassination crises, regardless of the final outcome, my people will publish the evidence. After Xu Teng finished saying what he wanted to say, he got up elegantly and calmly, buttoned up his suit, and glanced at Lloyd Brockfen more by the way, "I'm sorry, I have other business to discuss, so I won't accompany you." ”

In any case, even if the U.S. Treasury immediately injected capital into Goldman Sachs, Xu Teng won.

Soon, all of Goldman Sachs' clients will run out.

Bank of America, AIG, Citigroup, Blackstone, Deutsche Bank, HSBC, and even Fortune will rush to the top and won't miss this great opportunity, with all parties eyeing their respective areas of expertise to compete for high-quality clients at Goldman Sachs.

On Wall Street, there is no influence without customers.

Because Wall Street's position is based on the big customers from the United States and the world, not Wall Street itself, which only uses the assets of global capitalists to manipulate the world.

The White House will definitely save Goldman Sachs, because the White House knows better than anyone the current situation on Wall Street, and if even Goldman Sachs collapses, Wall Street will fall completely.

So.

Xu Teng shorted Goldman Sachs' stock price to squeeze the last bit of profit, and at the same time took the opportunity to absorb Goldman Sachs' shares, as long as Goldman Sachs does not collapse for the time being, he can still earn several times the difference in price after three or five years.

He believes that the Obma president in the White House regrets nothing more than failing to find out the size and context of The-ShunFamliy's assets in the United States in a timely manner.

It's too late to look into it now.

Unless the White House can restart the Cold War, and unless the White House can convince all parties that Xu Teng is the new Ben-La-Deng, it will be difficult for everyone to take the initiative to account for the data in their hands.

January 16th.

The day was actually thrilling.

In the evening, when the twilight bell of the New York Stock Exchange rang and everything came to an end, Xu Teng stood in front of the floor-to-ceiling windows of the Cloud Club, looking at the entire landscape of New York, watching the red sunset illuminate half of the city, watching quietly, with a serious expression.

In the last four hours of trading, the Dow Jones index plummeted 4.7%, and unless the Fed moves quickly and injects enough money, the New York stock market and the Nasdaq will continue to slide in the next few days.

"Chairman, do you want to answer the call of the chairman of Pfizer Group?" Dr. Lu's voice rang out in the office, and the large LCD screen reappeared its iconic wheat wave image.

After half a month, Yin Ruide finally called.

The United States has been under the impact of the resource bubble crisis, a number of banks and financial companies are in bankruptcy crisis, this time, more investment banks and hedge funds have been hit hard, the losses of each have not been announced for the time being, and the stock market has collapsed early.

Pfizer's fundamentals are not good, but Yin Ruide deliberately released the news that it may be acquired by AstraZeneca, which stimulated the market value of Pfizer Group to soar from $193 billion half a month ago to $220 billion, an increase of 14%.

Today, it plunged 17% in the last four hours to $182.7 billion.

At this moment, when the global financial industry will suffer a new round of heavy blows, no one in the stock market believes the nonsense that AstraZeneca will buy Pfizer.

In the past half a month, Yin Ruide has been proudly watching the soaring stock price, waiting for Xu Teng's call, but he didn't wait for anything.

"Connect it!" Xu Teng's attitude has not changed, Pfizer, a pseudo-giant that is not actually worthy of being the leader of global pharmaceutical companies, can be acquired or not.

"Chairman Shun, I've been waiting for your new call, we just had a new meeting on the board and I can tell you that we are still interested in merging with AstraZeneca. Yin Ruide, this old thing, once again proved to Xu Teng what a mediocre person he is.

Xu Teng doesn't know how this kind of person climbed to the throne of Pfizer's chairman?

"I'm afraid I haven't had the energy to ask about the pharmaceutical industry these days, So, tell me your new offer, if we can't agree, then don't delay each other's time, we have other options after all. Xu Teng was very polite and indifferent, and there was really no more interest in it except for the spin-off of Pfizer to get a certain degree of return.

Xu Teng said very clearly, he didn't want to waste time, give Pfizer another chance to requote, and forget it if it can't be negotiated.

"With a $190 billion offer, 30 percent bond deals, and 70 percent stock swaps, The-ShunFamliy can pay off some of its debt by injecting capital to gain a controlling position. We know that The-ShunFamliy only focuses on running a family business, and we are very interested in becoming a family business like no other. AstraZeneca, Huateng Medical, and Huateng Electronics have all proved to the world that in this era of lack of long-term responsibility, family business is a great system. This time, Yin Ruide made a very real offer very seriously, and did not want the negotiation to be messed up by himself.

As always, Yin Ruide always likes didactic explanations to make himself appear extraordinary, and always likes to prove the wisdom, knowledge and management experience of professional managers.

Pfizer actually really wants to merge with AstraZeneca, which can not only cut costs through integration, increase sales and profit margins by expanding the scale of prescription drugs, but also take the opportunity to move its headquarters to the United Kingdom and enjoy preferential tax treatment for British high-tech companies.

The tax gap between Britain and the United States in high-tech enterprises is basically half the difference, 17% to 35%, and the blind know to choose the United Kingdom, because the gross profit margin of high-tech enterprises is extremely high, and the value-added tax of this enterprise is even more terrifying.

So, Amazon, Google, Apple...... Everyone moved their headquarters out of the United States, ran all the way, and they couldn't see it when they didn't check their taxes.

Microsoft didn't run, but that's one of Microsoft's strengths, Microsoft isn't a Silicon Valley company, it's a Seattle high-tech company, and Washington has always had a lower tax regime than California.

Each state in the United States is basically like an independent small kingdom, and the tax system is different, the 35% corporate tax standard is the average of all states in the United States, and Washington and Nevada, which are states with fewer lands, have much lower taxes.

This is also the reason why The-ShunFamliy's early family trusts in the United States were basically based in Nevada.

The transaction proposed by the board of directors of Pfizer and the Huayin consortium this time is a 30% bond transaction, that is, the shareholders of the board of directors do not cash out, but exchange bonds, and small shareholders can basically only sell the bonds when they get them, and they still have to pay taxes in the end, and the major shareholders are different.

The transaction method proposed by Yin Ruide on behalf of Pfizer Group is actually more complicated, roughly speaking...... Sell Pfizer at a market value of $190 billion, first sell $57 billion of shares to the Huayin consortium, and then sell the remaining $133 billion in assets to AstraZeneca in exchange for AstraZeneca shares.

In this way, after the merger of AstraZeneca and Pfizer Group, the Huayin consortium is still the absolute controlling party of the new company, and the other parties do not suffer losses, and they will make money together in the long run.

At the very least, the taxes to be paid can be cut in half.

For example, the cost of each patented vaccine is $3 and the price is more than $70, and after the company moves to the UK, the purchase price of the US branch can be adjusted to $65, and the sale to the hospital can only make a profit of $5, and a large amount of profits are migrated to the UK for accounting.

Tax regulation in the UK has always been very lax, and it can continue to avoid taxes by using the EU and Commonwealth mechanisms, such as the administrative and scientific headquarters in the UK, and the relocation of operations centers to Ireland, Belgium, Wales, Luxembourg .......

It's also a tax.

Some people say that the relationship between China and the United States is husband and wife, which is not right, they overestimate themselves, the European Union and the United States are husband and wife, and they are couples who look like each other and are crazy about hiding each other's private money, and they both want to hide their salaries and let each other pay for all household expenses.

As for Pfizer's offer this time, it is generally good, roughly similar to what Xu Teng expected.