Wang Yi did not know what the annual meeting of the Huayin Consortium was like, and he had been urgently preparing for Vanke's 2005 development plan for the past dozens of days, because he was not yet a joint partner, and at the first annual meeting this year, he had half an hour to speak, and then the board of directors of the Huayin Consortium held a plenary vote to decide whether he could be formally promoted to joint partner. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

In the past dozens of days, Xu Teng participated in the final exam of the first semester of his senior year, Mei Jiali inspected dozens of hydropower investment projects in the middle and upper reaches of the Jinsha River and the Dadu River in the southwest, and Li Dongsheng led TCL to complete the acquisition of Little Swan and Rongsheng Company, realizing the layout of the whole home appliance industry chain of TVs, washing machines, air conditioners, and refrigerators.

Li Jinfen concluded a business visit to North China and signed an investment agreement for three Pok Oi hospitals and one Union Hospital.

In the past few days, Tencent Group has officially acquired 14.7% of the shares of PN Insurance Company held by the Commerce Bureau, Sunshine Insurance Company was officially established, Galaxy Capital and Sunshine Group of Huayin are the two founding shareholders, and the total shareholding ratio of Huayin in Minsheng Bank has also increased to 10%, and it is ready to enter the board of directors with Oceanwide.

In the past few days, Jiangzhou Commercial Bank's share reform plan has been officially approved, Huatai Insurance Company has also quietly moved to Huzhou City, and the capital increase plan of 10 billion yuan in conjunction with a number of central enterprises and state-owned enterprises is under intensive negotiation.

The central bank's monetary contraction policy is already a certainty, and the Bank of China has signed agreements everywhere, grabbed loans, increased its holdings in various financial institutions, and prepared for the winter in advance.

In 2005, the first annual meeting of Huayin was held in Phoenix Mountain.

When Wang Yan arrived on a special plane from Huarui Airlines, he knew that he was not only going to join this year, but Liang Weigen was also here, and the two of them happened to arrive at the same time, so they simply took a car to the Phoenix Mountain Resort Hotel.

Things went more smoothly than they expected.

The next morning, Jiang Ningyuan, as the executive vice chairman of the consortium, presided over the meeting, and arranged a half-hour speech and a half-hour discussion time for the two of them, so that the other joint partners could ask some questions.

At 10 o'clock in the morning, it was officially voted on, Wang Yan had a few negative votes here, and Liang Weigen had seven abstentions.

It was not until this moment that Wang Yan and Liang Weigen realized that they thought too much about the system of Huayin, and there was actually a struggle internally, because each joint partner was responsible for the business of an industry, and inevitably, everyone hoped that the consortium would invest more capital in the industry they were responsible for.

Wang Yan said that Vanke's plan for the next ten years was a bit too high and too far, moving other people's cheese, while Liang Weigen over-beautified the prospects and return on investment of the construction machinery industry, avoiding the important and being dishonest.

If it weren't for the fact that Mr. Xu and Lao Jiang had done a lot of work behind the scenes in advance, their voting results might have been ugly.

The first annual meeting of the Bank of China is usually not as harmonious as the second annual meeting, because the first annual meeting is to determine the investment direction of the whole year, and in the case of this kind of central bank tightening, the internal competition for funds will be particularly fierce.

Xu Teng has participated in an annual meeting in 2004 and already has experience, and it is expected that the internal competition will be more fierce this year, so he arrived at Phoenix Mountain a few days in advance, very low-key, and when meeting with other joint partners, he does not easily express his support for which side.

This year's annual meeting is a bit special, in addition to 21 joint partners, there are 7 very important senior shareholders to attend the meeting, including Chen Yongnian, chairman of Yongtai Chemical Group, Luo Hongyan, president of Huateng New Energy Company, and Cheng Xiaoting, chairman of Yongle Electric Appliances, are all in Huayin Department to preside over a field of industry, the most likely to be promoted to joint partners.

During the lunch meeting, Chen Yongnian actually had some disputes with Li Dongsheng, and Mei Jiali and Wang Yan also had a very pleasant conversation.

The atmosphere was a bit tense.

Everyone knows that this year is a year of austerity, although the Huayin consortium reserves capital in advance for the winter, it is certainly not as strong as last year, capital is limited, all parties are eyeing each other, and they must strike first.

At two o'clock in the afternoon, all the partners who participated in the annual meeting arrived in the conference room one after another, except for Mr. Xu, Xu Ma and Li Jinfen, everyone else arrived.

Jiang Ningyuan is the executive vice chairman of the Huayin Department, sitting in the position of vice chairman, wearing reading glasses and looking through an economic research report, everyone was waiting for Mr. Xu, until 2:15, Mr. Xu's mother still did not come, and the other vice chairman did not appear.

Everyone looked at each other and looked at Xu Teng, probably wanting Xu Teng to make a phone call to ask about the situation.

Then.

Jiang Ningyuan finally put together the research report in front of him, took off his reading glasses, and looked at everyone present, "At noon, I discussed it with the chairman of the board, and the afternoon meeting was not in a hurry to advance the official agenda of the annual meeting, and everyone discussed a common sense issue first. ”

Lao Jiang took the reading glasses in his hand, his face was not very happy, and the meaning was obvious, so that everyone should not wait for Mr. Xu, Xu Ma and Li Jinfen, they would not come to this symposium in the afternoon.

"In May last year, when I went to the United States, passing through New York, I met and talked for a few hours with a graduate student I used to take at the University of Finance and Economics, who went to the United States in '94 to study for a Ph.D., and started working in '97 for a hedge fund in the United States. According to my feelings, the young man's working years are quite short, but even with salary and bonuses, he earned more than $6 million last year. Jiang Ningyuan is a senior doctoral supervisor in economics, an old professor, and he didn't ask questions directly, starting with a small matter.

His boss is a Jewish financier who started his business in the early 90s with only a few hundred thousand dollars in his pocket, and now has a net worth of four billion dollars, and made one billion last year alone. This is a common occurrence on Wall Street, and when I returned home, I asked a question within the Asia-Pacific Economic Research Institute, a very common sense question. ”

Jiang Ningyuan put his reading glasses on the table, took a sip of tea, looked at everyone, and made sure that except for Xu Teng, everyone else was looking at him in a daze, and then he officially asked his question, "My question is very simple, why is it so easy to make money in the financial industry?"

It's a simple question, but it's not easy to answer.

Everyone knows this fact, why, and why, and few people can answer it thoroughly.

"Let's take an example, this time in the Beihai short-selling incident, the institutions of Huayin combined, the direct profit should exceed 5 billion. How much did Vanke make last year, did it have 1 billion, no, how much did TCL earn last year, and the sum of the subsidiaries should not exceed 10000000000000, right?" Jiang Ningyuan raised a particularly embarrassing question, now it is recognized that the most profitable industry is real estate, and Vanke Real Estate Company's net profit last year was almost 890 million.

"The phenomenon is very cruel, we should all think about why, what is the reason?" Jiang Ningyuan asked a question, looking at everyone at the conference table, hoping that someone could answer, he didn't look at Xu Teng, nor did he look at Ma Guangyuan and Li Daxiao, this kind of topic, their group of core co-partners have long discussed it, and they have all read the internal research report.

Xu Teng didn't speak, and neither did Professor Ma Guangyuan and Chairman Li Daxiao.

"It's mainly a matter of regulation, and the other is a question of the tax system, right?" Wang Yi is still very brave in this regard, thinking that he thinks very deeply and learns very deeply.

"Your answer makes sense, but have you thought about it, who formulated the first regulatory and tax system, the central bank, the China Securities Regulatory Commission, or have we been plagiarizing all along, and we are learning the international standard step by step, and who formulated this international standard?" Jiang Ningyuan looked at Wang Yan, hoping that Wang Yan would continue to think seriously and not stop at the surface.

The atmosphere in the conference room became more solemn, and no one knew the actual meaning of Lao Jiang's question.

"Let me tell you about it. Professor Ma bravely spoke, "Our current international financial system was mainly established after the war, and its source and basic framework were born in Europe before World War I, and extended to the United States and Wall Street. From Venice to France, to England and Germany, and eventually in England, as the British Empire expanded, it became the standard for globalization. Let's put it simply, from the beginning of capitalism in the 14th century to the 21st century, the main architects of the world financial order were the Jewish people. From Venice to Wall Street, the whole process of development is expanding step by step, and the final result is that Wall Street is above the framework of world politics, and we always say that the United States has an exceptionalism, that is, the United States is very special, the United States is above the world, in fact, the United States rules the world, and Wall Street is above the world through the United States. ”

Many people laughed, these words, often heard, few people will listen very seriously.

"Don't laugh, I'm saying this very responsibly. Our financial industry policy is basically to copy international standards, but to isolate from foreign countries, develop independently internally, and adopt more conservative regulation, but ...... We all know that our internal controls are not in place and very lax. Ma Guangyuan did not have such a high status as Jiang Lao Mo in the Huayin Department, so he could only strengthen his tone and look more serious, reminding everyone not to think that he and Lao Jiang were joking.

"The most fundamental reason why our financial industry makes money easily is that we have applied the order and framework designed by the Jews for the entire world economic system, in which the financial industry will always be the uncrowned king, the most protected and unrestricted industry. Jiang Ningyuan spoke again, and as soon as he spoke, all the partners were silent, thinking seriously.

"The Jews I'm talking about are not the Jews in Israel, but the Jews who control one-third of the total market value of the global financial industry, the Jews who control the world's major international media and public opinion, but the generations of Jewish financiers who never left the hegemony of the world's financial industry from the 14th to the 21st century. ”

"In April 95, Lao Xu came to me at the Capital University of Finance and Economics and asked me to help him give him advice and want to build a consortium, so I asked him, how much money do you have now, and you already want to build a private consortium. Jiang Ningyuan talked about a very early thing, an old thing that only he and Mr. Xu knew, "He said that he already has 1 billion, where did this billion come from, he made 700 million in the 927 futures incident in February 95, and there was originally a principal of 300 million, and the principal of 300 million was obtained from his stock speculation in 94, first borrowed 400,000 from Huang Xinzhou, and then borrowed 20 million, and speculated to 300 million a year. ”

"'94, '95, how much did Vanke make in '94, how much did TCL make in '95? How much did Guangtai Group earn in '95, how much did Jiangtai make in '95, does it add up to 700 million, no?" Jiang Ningyuan said these words, so that many partners are cold, yes, where can there be such a speed of accumulating money in industry?

This international financial system is not reasonable, right?

"Obviously, China's financial system is unreasonable, we think it is reasonable, that's because it's like this in the world, it's like this in the whole world, let's think about it, if there was no war in Hong Kong in '97, how much capital would those Jewish financiers be able to sweep from Southeast Asia and the whole of Asia? 30 billion US dollars, or 50 billion US dollars, after the crisis, pry open the financial barriers of various countries, wantonly buy the bottom, how much can they earn?" Jiang Ningyuan finally picked up the research report he had just read, and the title was very clear-" Statistics and Analysis of the Operations of the Huayin Consortium in the Southeast Asian Economic Crisis.

"This is a student of mine, an associate professor at the School of Economics of Yangtze University, who made a statistical report for the Huayin Department last year, and I have been working on this topic for two whole years, and we may not be very clear about a lot of data. I can tell you now that we in the Huayin system are just following these international financial predators to do financial speculation, of course, we are very lucky, we can't be the enemy of the country, and we didn't participate in the war in Hong Kong, so we have directly benefited $1.47 billion on our books in the entire '97 to '98, and to this day, we have indirectly benefited more than $7 billion. How much did we directly invest that year? Less than $500 million, and half of that $500 million was privately funded. ”

"I can say responsibly that in this analysis report, there are also some very important data that have not been counted, which involves the overseas property of the chairman's family, so our research team did not get the relevant information. ”

Jiang Ningyuan put his reading glasses back on, continued to open the report, checked some of the figures he said before, and confirmed that he was not wrong, "Therefore, our report has come to a conclusion that within the current international financial order and rules, the financial industry at home and abroad will inevitably produce bubbles, because from the beginning of the design of this system, it is to produce a bubble of capital operation, and this bubble is the core way for the financial industry to absorb the profits of the national economy of various countries." ”

"We are now back to the beginning of the problem, why the central bank should adopt a tightening policy this year, the reason is very simple, because judging from the data of the national economy, the domestic economic bubble has threatened the development of the real economy, especially the industrial upgrading of the real economy, which has constituted a serious interference. Jiang Ningyuan went around in a big circle and explained a question, that is, why this year will be a year of monetary austerity.

The two big bubbles, one is the real estate bubble and the other is the futures bubble of bulk commodities, especially the futures markets of cement, steel, aluminum, coal, etc., the two bubbles stimulate each other, resulting in a large flow of domestic capital to these two areas.

Xu Teng didn't speak, just listened silently, in fact, he had read these analysis reports a long time ago.

From 2005 to 2006, how will the Huayin Consortium develop?

Jiang Laomo's opinion is very clear: Concentrate all forces on developing the financial industry, which is the source of the national economic bubble and a super means of absorbing the profits of the national economy.

This is true all over the world, and China is no exception.

The only peculiarity in China is that the country's financial institutions are self-contained, and they are by no means Jewish, nor Anglo-Saxon, but are state-owned.

This set of international financial system is inherently not conducive to the development of the industrial economy, but the national policy and national will of a scientific and technological power can make up for the shortcomings of the system itself.

Jiang Laomo's judgment and decision-making are beyond doubt.

Mr. Xu and Xu Teng have some different opinions, but they all choose to reserve their opinions and do not raise objections, 2005 is the financial year of the Bank of China, and other industries try to spend a small amount of money to do big things, and they can save money. (To be continued.) )