Chapter 423: Marbur Manor Extravaganza
In 2008, when the subprime mortgage crisis broke out, Xu Teng acquired all the assets in the United States, the most famous of which were not only AIG and Ford, but also the Chrysler Building, and the subsequent acquisition of the American Diphne Company through the Katia Group. Pen × fun × Pavilion www. biquge。 info
Today.
The headquarters of the Huayin Consortium in the United States is located in the Chrysler Building, which is the most popular among Americans.
This time in the United States, Xu Teng still lives at the Park Hyatt Manhattan, but during the day, he will take care of official business at the Cloud Club, which occupies two floors on the top floor of the Chrysler Building.
Although an agreement was reached with the Big Five on Wall Street, there are still many things to deal with, and there are still many details to be discussed, and they will not officially make a move, everything will be entrusted to the wolves of Wall Street, and those hedge funds will come forward to complete all kinds of bloody and ruthless transactions.
Even if everyone knew that all of this was the result of Wall Street working behind the scenes, you wouldn't be able to accuse the Big Five of losing their morals and making money without evidence.
On Wall Street, quantum funds have long been a thing of the past, and only Chinese will remember Soros and repeatedly praise the achievements and legends of the elderly.
A legend will always be a legend.
Every Wall Street giant will have several hedge funds that work closely together, and they don't intersect with each other, and if you take my business, you can't take another business, that's the rule.
Huayin AIG has two of the most important hedge funds on Wall Street – TwoSigma\Winton-Capital-Management, and in the City of London – with Brevan Howard.
The common characteristics of these three companies are the extensive use of new types of big data and cloud computing technology, with their own independent mathematical operation models, and the core analysts are all from the field of mathematics, including many of the world's best mathematicians, through the big data business cooperation with the Huayin consortium, large-scale quantitative investment at the macro level.
There are no secrets within Wall Street, basically, as long as TwoSigma\WintonCM\BHoward starts a large-scale operation, it usually means which area the capital of the Huayin AIG consortium flows to, and this means that the big data analysis conclusions of the three companies are agreed.
The whole of July 2014.
Xu Teng's family lives in New York for a vacation, which is a special vacation for Xu Teng's children, who want to better study and interact with the children of other countries and the top elite society in the United States.
In the United States, Xia Li has her own circle of girlfriends, more than a dozen ladies, who have close contacts, including former President Cliton's daughter, Ms. Elizabeth Holmes, Deng Wendi, and Xiaozha's wife.
They call their coterie the Katia Sorority, which means that they all hold some shares in the Katia Group, symbolically.
July.
Time flies.
Xu Teng's courtesy in the United States this time is still similar to before, he will always meet with the president, but unlike before, this time it is a purely private meeting, in addition, he also met with some US congressmen and governors, and discussed some investment agreements.
He spends most of his time at the Chrysler Building and the Park Hyatt Manhattan, busy negotiating details with dozens of fund managers.
He also took the time to attend the signing ceremony of the agreement for Ford Group's formal acquisition of Chrysler Company, which is a major step forward for the Bowforder Automobile Alliance, which also means that Ford Group can finally abandon the chicken Mercury Sable and add the two complementary brands Chrysler and JEEP under its command, and surpass General Motors to become the domestic car company with the highest sales volume in the United States.
At this time, Huateng Automobile Group held 47.5% of the shares in the Ford Group and 30.3% of the shares in the BMW Group, ranking among the largest shareholders and firmly controlling the entire Baofuhua Automobile Alliance.
In the field of high-end luxury cars, Audi, BMW, Lincoln, and Rolls-Royce have different characteristics and positioning, while in the field of mid-range cars, Ford, Chrysler, Watten, and JEEP have a wider range of platforms and spare parts cooperation space.
In terms of market space, the three major automobile companies are based in the three major markets of China, the United States and Europe, and have a global auto finance credit service company.
So far, for Xu Teng, the investment layout of Huayin Consortium in the automobile industry has been very stable, and all that remains is to continue to make progress and continue to pursue higher sales and market share.
In other words, after 20 years of brutal growth, the investment layout of the entire Huayin consortium in its major industries has entered a more stable stage.
In 2014!
It's been a magical year.
From 1984 to 2014, 30 years, with the flick of a finger, the efforts of three generations.
In the official history of the Huayin Consortium, Huang Xinzhou's Jiangtai era, Xu Dachang's Bo'an era, and Xu Teng's Huateng Holding era are the development context of the Huayin Consortium after 30 years.
Therefore, the official starting point of the Huayin Consortium is Huaizhou Jiangtai Trading Co., Ltd., which was established on November 20, 1984 by 14 educated youths including Huang Xinzhou, Chen Yongnian, Zhang Liying, Liu Guoli, and Xing Libin.
This official history is objective and fair, because in the magical history of Mr. Xu's development in 1994, the first 4 million funds used to establish Antai Technology Company and Zhujiang Sanzhu Oral Liquid Factory were supported by crowdfunding from Huang Xinzhou and others.
In 1995, Mr. Xu bought the brand ownership of Mrs. Oral Liquid and Brain Gold, and cooperated with Li Jinfen, a Hong Kong native and former president of Amway in China, to establish Guangzhou Boan Group, and cooperated with Zhong Lin and Li Daxiao to operate the Huzhou Business Department of Huatai Securities Company.
In 1997, the annual turnover of Boan Group exceeded that of the entire Jiangtai system, and the annual net profit exceeded 1 billion US dollars.
In 2001, Jiangtai Group fell into bankruptcy crisis, Bo'an returned to Jiangzhou, through capital injection and asset restructuring to save the old Jiangtai system, the two were integrated, forming a new situation of mutual holding and union of Bo'an, Huaxia, Galaxy and Jiangtai.
In 2005, Xu Teng inherited his father's chairmanship, presided over the daily work of the Huayin Consortium, persuaded the old department of the Bo'an Department, realized the replacement of the old and the new in the middle and senior management of the entire consortium, and reorganized the four major capital companies with "Jiangzhou Huateng Industrial Holding Company" as the parent company, and finally formed today's Huayin Consortium pattern.
Huang Xinzhou in 1984, Xu Dachang in 1994, and Xu Teng in 2004.
A decade generation.
This is the history of the growth of the Huayin Consortium that it openly admits.
In fact, there is another consensus within the Huayin consortium, on July 28, 1994, Mr. Xu cashed out in the stock market, and raised 4 million yuan with Jiangtai and Guangtai Group to establish Antai Technology Company and Zhujiang Sanzhu Oral Liquid Factory in Guangzhou and Zhuhai, which was the beginning of The-ShunFamliy.
The Xu family in Weizhou officially took the first step of the family chaebol on this day.
20 years later.
July 28, 2014.
The Xu family hosted a private banquet at the Marbur Estate in Massachusetts, inviting the two former presidents, who were "very close friends", as well as The-ShunFamliy's friends in the European and American business circles, as well as a number of senior co-partners of the Huayin Consortium, to celebrate.
Built by Kisza Vanderbilt, the third generation of the Vanderbilt family, the richest family in American history, the Marbur estate was built in 1888 and completed in 1892 at a cost of $11 million, or $7 million on the precious marble alone.
It is also the third largest surviving private estate in the United States, and in 2008, the Xu family bought it from the Walton family during that special period and respent $40 million to renovate it.
More than 600 distinguished guests from all over the world came to the banquet, most of them arrived with their wives and families, the richest and richest people in the world, as well as those politicians who were once prominent, former prime ministers, former presidents, dozens of royal family members of Europe, as well as giants of the global fashion and luxury industries, and thousands of world aristocrats gathered here.
The garden is full of VIPs, and the cups are staggered.
Here, Xu Teng met with Rhett Krakauf, president and creative director of Kouchi, and after a few minutes of brief conversation at the champagne table in the ball hall, Xu Teng casually found a Dunhill custom high-end silk napkin on the wine table and wrote a quote on it.
Nod your head to each other.
The deal was made, quite simply, no one could refuse The-ShunFamliy.
Xu Teng's offer to the other party and the board of directors of Kou Chi is $13.5 billion, which is unchanged from last year, but in this year, Kou Chi's total market value has fallen from $12.2 billion to $10.4 billion.
The performance of the global luxury industry in China has suffered a Waterloo-like crash, even for the Katia Group, which is owned by the The-ShunFamliy family.
However, Xu Teng believes that with the gradual development of China's economy, people's demand for luxury goods and high-end red wine will continue to increase, and the luxury watch industry may encounter a long-term crisis, and the leather goods, clothing and wine industries will remain more and more stable.
As an entry-level luxury brand, Kouchi still has considerable room for sales growth in China and Asia.
As for the real focus, any businessman and politician must understand that the United States will remain the world's largest consumer market for the next 15 years.
It may be difficult for the U.S. economy to warm up, but as long as the dollar's financial supremacy remains unchanged, it is definitely not difficult for the U.S. economy to maintain a low annual growth rate of about 2%.
In particular, after the financial oligarchy on both sides of the Pacific shattered the linked exchange rate system in the Middle East, the United States was able to take advantage of the cyclical fluctuations in oil prices every four or five years to wipe out the oil export profits accumulated by OPEC, allowing the dollar to continue to return to the domestic market and support the "sustainable" low inflation and moderate growth of the US economy.
This is a big goal that Xu Teng and the Big Five of Wall Street must strive for.
This is a chess game created by Xu Teng himself.
He knows very well that as long as this wave of financial crises hits the nail on the head and shatters the Middle East's linked exchange rate system, the US economy will be very stable in the next 10 years, and whoever comes to power will not have a big problem.
Another general direction is the rise of the three fulcrums of the Asian economy represented by China, India and ASEAN, which is the trend of the times.
As the Asian economy as a whole rises, the demand for gold jewellery will continue to heat up, which is a special feature of the Asian economy.
Where there is a market, there is new art.
Xu Teng invested in Diphne from 09 to 2012, transferred all the shares to Katia Group, and finally realized the tender offer, in fact, it was also to target the high-end demand of the gold market.
He's the boss and he's in charge.
Since 2012, Tiffany has been extensively involved in the design of high-end gold jewelry, and it is inevitable to open more gold jewelry stores in China, India and ASEAN, which prevents top jewelry brands such as Cartia and Van Cleef & Arpels from surrendering their identity and doing gold jewelry business, at most launching some more innovative gold jewelry with the general trend.
Xu Teng is very good at defining the brand, Cartier's diamond and platinum collections, Van Cleef & Arpels' extensive use of more than 600 gemstones around the world, and Swarovski's focus on crystal collections and entry-level artistic jewelry.
Diphne is the only type of high-end jewelry brand under the Katia Group that is not clearly positioned, and the essence is actually "love", which has a space to operate high-end gold jewelry, combined with the popular gold jewelry represented by Fengxiang and Baoqing.
In the 365 days of each year, Xu Teng may spend only one day on the affairs of the Katia Group, but this day will determine the development trend of the entire group's 45 luxury brands.
He doesn't ask about the details of design, marketing, and channels, he only decides one direction.
The end result of this direction is that in the global luxury industry from 2013 to 2014, the sales volume of the global luxury industry fell sharply, and the Katia Group maintained a solid turnover against the trend, the lowest decline, and continued to widen the gap with LVMH and Kering.
It is based on this that when the market value of Kou Chi plummeted by 30%, Xu Teng took the opportunity to buy Kou Chi at a constant price.
This is not a small business.
Today's banquet illustrates the importance of the fact that the family-owned company of the Katia Group, which is among the world's top elites, has added a lot of glory to the whole of The-ShunFamliy.
Today, perhaps out of respect for the owner's family, Xu Teng looked at the past, and the vast majority of female guests held Hermès handbags, because among the world's top leather goods manufacturers, the only one comparable to LV and Gucci was Hermes.
Hermès belongs to the Cartier Group, LV belongs to LVMH, Gucci belongs to Kering, and each of the world's three major luxury groups owns one, as if representing three camps.
After the acquisition of Kouchi, the Cartia Group has Hermès, Chanel-Prada, and Curt-Burberry, three levels of luxury leather goods and women's clothing, Hermes represents top luxury, Chanel and Prada represent mid-to-high-end luxury goods, and Kouchi and Burberry represent entry-level luxury goods.
This is the business idea of Katia Group, which is essentially Xu Teng's style, with multiple brands covering all levels, even in the field of men's suits, Anderson\Huntsman represents the top full custom suits, Italy's Kiton and Atolini represent the quasi-top full customization, and Dunhill, Prada, and Zegna represent high-end semi-custom and non-custom ready-to-wear suits.
Men's money, except for wine, is really not easy to earn.
Fully customized men's suits and dresses, in the final analysis, are more than the craftsmanship and selection of materials, and it does not matter what brand it is, except for tens of thousands of bank and investment bank managers like Wall Street and the City of London, everyone must have a few sets of Anderson to support their own style and value, and it is really at the level of Xu Teng, who chooses tailors and designers, not brands.
Basically, the vast majority of the male guests here today have their own preferred tailors, from all over the world, and some even go out of their way to Cuba, or go to Milan to find an old tailor shop.
Who makes good money, who makes bad money, which market is bigger, and which market grows the fastest?
These are the essence of business.
Xu Teng used skillful language to chat with every guest present, although the president did not come, Vice President Borden still came as promised, leading his young and beautiful granddaughter to meet the world's top elites.
In a corner far away from everyone, Xu Teng and Vice President Mr. Borden exchanged secretly for a few minutes, and all parties had reached a covert agreement on the matter of the two sides of the Pacific Ocean joining hands to smash the Middle East's linked exchange rate system.
The central bank, the Federal Reserve and Wall Street have cooperated silently for the first time in history, and the middle layer is the Huayin consortium and the Wall Street Five, which are responsible for more than 40 first-class international hedge funds in the world.
Everything is silently brewing, and it will take at least half a year for all parties to gradually prepare, just like hundreds of spiders, weaving a huge spider web together in the dark cave, each responsible for their own affairs, without any sound from each other.
Basically, there is no more communication, only professional tacit understanding, you know what to do, and you know what I will do.
It's all in plain sight.
The goal of both sides of the Pacific is the same, to tear off OPEC's control over global oil prices, to make OPEC completely history, and from now on, the world's largest buyers and the largest capital giants will decide oil prices.
As for who has the final say in the end, the two of us will fight slowly in the future, negotiate slowly, and always find a mutually acceptable plan.
As far as the west coast of the Pacific is concerned, it has spent huge amounts of foreign exchange on oil purchases all year round, and it has not even been able to sign a bilateral currency swap agreement, and if there is an opportunity to do so, it will definitely do so; as far as the east coast of the Pacific is concerned, a large amount of dollars have flowed into the Middle East, and the speed of repatriation is too slow to rely on the protection money for arms purchases alone.
Casting the big oil players in the Middle East and speeding up the return of the US dollar will also be of great benefit to the relaxation and balance of relations between the two sides of the Pacific.
By the way, Vice President Borden also wanted to ask Xu Teng whether Xu Teng would suddenly intervene in the election two years later as he did in 2012, although it does not violate the constitutional rules of American politics, but it still worries American political circles.
The United States is now very clear that Xu Teng has a special relationship with the progressive political group within the Democratic Party, and at least on the surface, the political philosophy is similar, focusing on universal higher education, environmental protection and new energy technology, and universal medical insurance and social welfare.
By 2016, Xu Teng did not need to appear substantively, nor did he need substantial contribution, but only needed to lobby his business partners to contribute, so that he could tear up the battle of the Democratic Party candidates and promote the victory of the progressive political group.
The most nervous person is not Vice President Borden, who is also considering running in 2016, but he is a veteran senator who can see through at a glance that unless the elites and progressives within the Democratic Party are completely torn apart, it will be difficult for him, the man caught in the middle, to win.
"NO!" Xu Teng gave the other party a very clear answer, "I will never intervene in the US election in any form or way, what I can do and what I should not do at all, I will always be very clear." You can tell Mr. President that this is a matter for the Democrats and him, and I will not risk offending anyone by doing something completely unhelpful. I also know very well that as a bridge between the Chinese and American economies, no matter who is elected, I will always be the most special person. ”
"That's what we appreciate most about you, Your Excellency. Vice President Borden held his champagne as if he was enjoying a modern dance performance in the center of the ball hall, and at the same time whispered to Xu Teng, "In conveying my greetings and congratulations to you, Mr. President, I would also like to convey a little opinion from Mr. President, that the semiconductor industry is very important to both China and the United States, and we firmly believe that the current situation is very balanced and sustainable, which is beneficial to both China and the United States." Therefore, we hope that the investment in the semiconductor field in China, especially by the Huayin Consortium, will be more in line with the rules of the market economy, more moderate and more sustainable!"
"Our competition at home and in Asia is still fierce, especially in our competition with Taiwan and South Korea. We must admit that the world trading system does not form a wonderful, balanced trade structure. In most industries, for example, we always buy equipment from Europe, we buy raw materials from Japan, and eventually sell to the United States, so the key problem is that the United States does not have enough trade advantages from Europe and Japan, and even the United States needs to import a lot from Europe and Japan, for example, the Rolex you wear, and your Italian leather shoes. ”
"The truth is that without Japan, Taiwan and South Korea, without Europe, only with China and the United States and other countries, global trade would be fairly balanced. If we want to balance the U.S.-China trade, we must expand our investment in the U.S. to offset the economic advantages of Europe, Japan, and South Korea to create a new U.S.-China trade balance. ”
Xu Teng's view has not changed much, but he said it in more detail, "Therefore, if we look back at history, we will find that today's trade imbalance pattern is caused by the high-tech embargo policy of the United States." You ban it, Europe and Japan don't ban it, and they keep absorbing more profits and investment in the trade system, building more advantages, until they squeeze the American industry. ”
"I'll give you the simplest example, if the United States did not have this policy restriction, at least half of the £140 billion invested by my family and the Bank of China consortium in the UK would have been distributed in the United States. That is the crux of the matter, my Vice-President, and as we all know, this is an unsolvable problem. ”
Xu Teng did not expect the United States to ban the high-tech embargo clause at all, which is not in line with the political correctness of the United States, and no president dares to break it.
"So, what the chairman means is that we need to build a new balance that is acceptable to both China and the United States, in other ways. Vice President Borden was a little wishful thinking that Xu Teng would devote himself to such great causes, such as joining forces with Wall Street to eliminate the Middle East linkage exchange rate system that the United States has long hated.
In fact, Xu Teng's real answer is...... Don't dream, this balance cannot be established at all, unless the United States can forcefully force Japan and Europe to expand fiscal spending, adopt stronger monetary policy, put the dollar in a relatively weak position, and make global investment in manufacturing and technology industries flow to the United States at a greater extent.
Even so, the U.S. has only made it harder for Europe and Japan, and made it easier for China to acquire European technology, and the ultimate beneficiary is still the simultaneous growth of China and the United States.
Unless, at the same time, the United States forces China to expand fiscal spending, adopt a strong RMB policy, and shrink its own manufacturing system.
Xu Teng obviously didn't know how to answer Mr. Boden, so he could only nod his head, admitting that he would work hard and try to make some efforts for the Sino-US trade balance...... Anyway, it's a day to drag on.
The Xu family's celebratory reception at Marbur Manor began in the afternoon and ended at 9 p.m., but there was no official opening time, only an art performance was arranged around 4 p.m.
Marble Manor is unusually large and remains the third largest private estate in the United States, with 252 rooms, 12 halls, 35 bedrooms, 47 bathrooms, and even 65 fireplaces.
So, as early as a few days ago, some of the more intimate wealthy American families arrived early and stayed at the Marbur estate.
More than an hour after the official start of the art performance, there were still invited guests arriving one after another, and just as Xu Teng and Vice President Borden were about to end their low-key conversation, dozens of guests from a group finally arrived.
Japanese.
Japan is a very special country, from politics to business, for example, even in Sweden and the United Kingdom, it is rare to wear tuxedos on formal occasions, and the Japanese still adhere to this Westernization characteristic.
When dozens of Japanese guests entered the central ballroom of the manor, except for the ladies who accompanied them, the rest were dressed in very formal tuxedos, which looked very special in the crowd.
Leading the way is Finance Minister Ma Taji, who is in the Anjin cabinet...... In fact, Xu Teng invited former Prime Minister Mr. Fukuda, as well as Sumitomo Mitsui Bank, Mizuho Bank, and other Japanese financial professionals.
As for Minister Ma Taiji, because the other party was visiting the United States, Xu Teng also politely sent an invitation, but he didn't want the other party to really come over.
It doesn't matter if you come.
The operation scale of the Huayin Consortium in Japan's financial industry is considerable, whether it is Huaxia Securities, Fuxin International, or AIG, it has branches in Japan.
Make money!
Xu Teng never gets along with money, the invitation is still to be invited, after all, there are very few growth points suitable for a large number of investment and financial management in the world, after An Jin's three arrows were shot, the Japanese stock market grew rapidly, making the Huayin consortium make a lot of money.
This is the profit growth point provided by Japan for international capital by burning out its life in advance, Panasonic, Sharp, Toshiba...... It's all about to burn!