On Thursday, July 31, 1997, the weather in Hong Kong was very sunny, just like the mood of Liu Si and Liu Shengqiang. At the close www.biquge.info of trading yesterday, Shun Tak Fund sold a total of 156283 lots of Hang Seng Index futures contracts, worth more than US$16 billion, more than HK$125 billion.

It is foreseeable that in three months, these 156283 lots of Hang Seng Index forward contracts will bring more than HK$50 billion to Liu Si. The only fly in the ointment is that the current 156283 lot of Hang Seng Index futures contracts is higher than expected, reaching 6?3 times leverage, which is caused by the Tiger Fund, Quantum Fund and Shun Tak Fund together.

The only consolation is that although Tiger Fund, Quantum Fund and Shun Tak Fund are all scrambling, they are not in vicious competition and are all maintaining the Hang Seng Index futures market.

In the past 10 days, Chen Guanghai and Dmitriev and Gneev ...... and others are very familiar with each other, hooking shoulders and backs, hunting together, racing, fighting and other meaningful activities for men have all been done together, and they have even slept in the same bed.

On this day, Chen Guanghai came to the SohoRooms Hall, alone, sitting alone in a corner of the bar drinking alone, looking very lonely.

"What's wrong? Chen, are you feeling unwell? Gnieev inadvertently noticed Chen Guanghai's strange appearance and walked over to him with a glass of vodka.

"Gneev, you know what? Bro, I'm finished! Chen Guanghai saw that someone had finally discovered his strange appearance, and he was happy, but he said sullenly with a sad face on his face.

"What's wrong, who bullied you?"

"Do you know what I'm doing in Russia?" Chen Guanghai felt that he could be with Dmitriev and Gneev...... The others were familiar enough, and they had already gotten the next plan from Liu Si the day before yesterday -- with the help of Dmitriev and Gneev...... and others in relation to the acquisition of a medium-sized Russian bank!

Gneev suddenly wondered what Chen was doing in Russia, and immediately asked with great interest, "Oh, what are you doing here?" ”

"Russia has not been open to foreign investment since last year, and the face value of stocks in your country is very low, with an average value of only between 50 cents and 4~5 US dollars, and the average return on stocks is more than 1 times; The rate of return on treasury bonds is also more than 20%, and 80% of them are short-term treasury bonds of 3~4 months, which are cashed out quickly. There are many banks and consortia in Hong Kong that have made money in Russia, so my family is optimistic about the Russian financial market and wants to enter the Russian financial market! After a survey by economists hired by our family, it was found that the investment value of the Russian stock and bond markets has greatly decreased after a year of speculation. However, economists have also found that opening a bank in Russia is very promising, especially if it can win a bank with a foreign exchange window, and it is very promising to carry out capital arbitrage in Russia and internationally. Chen Guanghai pretended to be melancholy and drank a glass of vodka, "The family gave me $10 million to buy a bank in Russia, but I used the money, I... True... No... Know... What to do? ”

It is indeed very profitable for Russian banks to arbitrage at home and abroad, so after 1995, there was no possibility of selling Russian banks, and they were all divided by senior Russian officials.

For example, the Bank of Industrial Construction has branched out from the Bank of Industrial Construction of the Russian Federation, the Bank of Industrial Construction of St. Petersburg, the Industrial Bank of Moscow, the Interregional Bank of Moscow and hundreds of other banks.

In the financial sector, the trend of privatization in disguise is becoming more and more prevalent, but all of these banks, which were formed with the help of the privatization of the branches of the former specialized banks, have all been in the limelight by state officials at all levels, and they have personally appeared to use the administrative power in their hands to start the "privatization of the state by the state." In the name of administrative reform, the officials abolished the various functional ministries, established banks on their basis, and transferred the holdings to the state cadres.

Therefore, if you want to buy a bank in Russia, in 1997 there was no other way than to rely on the connections of the senior red second generation.

In fact, before ********** stepped down, the unified "all-people" state ownership system was seriously out of control.

Managers become owners. State officials, party functionaries, Komsomol activists became the first type of Russian entrepreneurs, the first millionaires of the early 90s and "new Russians".

According to a survey conducted by the Elite Research Office of the Institute of Sociology of the Russian Academy of Sciences, more than 75 percent of the political elite and more than 61 percent of the business elite were elected from among the former Soviet officials. The new political elite consisted mainly of the original party and Soviet functionaries, while the new economic elite came from the Komsomol and economic workers.

In this regard, even Yeltsin had to point out: "We have become intolerable in arguing about whether privatization is necessary. At the same time, the elites of the party and the state have been actively engaged in their personal privatization. Its scale, its momentum, its hypocrisy are staggering. Privatization in the Soviet Union has been going on for a long time, but it has been chaotic, spontaneous, and often illegal. ”

"Chen, don't be too sad, I'll help you see if I can help you buy a bank!" With a word, Gneev left Chen's side and walked towards Dmitriev.

Dmitriev's father, as the Minister of Trade of Russia Vradkov, himself is in the financial field, so naturally Dmitriev is very familiar with finance, and it just so happens that there is also a bank called the Federal Foreign Trade Bank of the Russian Federation under him.

After Gneev walked over, Dmitriev frequently looked at Chen Guanghai. In fact, Dmitriev and these people are not stupid, and sometimes they have doubted Chen Guanghai's motives, after all, their father is sitting there! Can you think about it, Chen Guanghai didn't take the initiative to contact them and make them send them to the door by themselves? As for Chen Guangqiang's acquisition of the bank, Dmitriev also understood and approved of Gneev's explanation after listening to it.

"Chen, I heard that your value wants to buy a bank in Russia?"

Chen Guangqiang looked up at Dmitriev and responded weakly, "Hmm." ”

"Brother, don't be discouraged, you want the bank and I'll sell it to you! But you only have $10 million to buy! Dmitriev was actually ready to sell the Federal Foreign Trade Bank of the Russian Federation for a long time, because his father was going to arrange for him to enter politics.

"Don't be a businessman if you enter politics," said Russian Trade Minister Fradkov to his son Dmitriev. Berezovsky is a big businessman who entered the political arena, but how long did he be in the limelight, and within a year, he fled Russia and was wanted.

You must know that during the 1996 Russian election, Berezovsky's joint support with other oligarchs ensured Yeltsin's successful re-election.

"Brother, can you give me an overview of this bank?" Chen Guanghai raised his head and stared at Dmitriev with bright eyes, hoping to get good news.

"The Federal Trade Bank of the Russian Federation is a commercial joint-stock bank engaged in international settlements and foreign exchange business. There is a window for free exchange of foreign exchange, there are currently business offices in five large cities in Russia, more than 4 million savings users, and the assets of the Federal Foreign Trade Bank of the Russian Federation are currently 1.72 trillion rubles, and profits are 19 billion rubles. ”

"Yes, but what about the price? If the price is right, I think the family will agree to buy the Federal Foreign Trade Bank of the Russian Federation. As soon as Chen Guanghai heard Dmitriev's introduction, he understood that the Foreign Trade Bank of the Russian Federation fully met Liu Si's requirements.

"I owe you about $6.3 million before, and your family can pay me $50 million!"

"Is $50 million a 100% wholly-owned acquisition of the Federal Foreign Trade Bank of the Russian Federation?"

"That's right!"

"Okay, I'll give you an answer tomorrow!" Chen Guanghai expressed his gratitude with a smile on his face, "Dmitriev, today because I have affected everyone's interest, in order to make amends, you are bold to eat, drink and play boldly today!" I'm in for a treat! ”

"Chen, that's what you said!" Gnieev said suddenly, and then immediately ordered 4 girls! Chen Guanghai looked at it and wanted to vomit blood! There are not many 4 girls, and there are $50,000 a night.

After Chen Guanghai proudly announced that he had a treat today, he withdrew from the sohorooms and called Liu Si to report on the situation of the Foreign Trade Bank of the Russian Federation.

Liu Si listened and was speechless, what the hell is the Federal Foreign Trade Bank of the Russian Federation? VTB has heard that VTB was established to meet the needs of Russia's foreign economic and trade cooperation after independence, and the Central Bank of Russia accounts for 51% of the total shares.

In any case, the Russian Federal Foreign Trade Bank sounds good, but as for Chen Guanghai's report that "the assets of the Russian Federal Foreign Trade Bank reach 1.72 trillion rubles and the profits reach 19 billion rubles", he does not attach much importance to it, after all, at this time, 8,000 rubles in Russia can be exchanged for one dollar, and the black market can even reach an exchange rate of more than 10,000 rubles for one dollar. 1,720 billion rubles is just over $200 million.

However, the scale of the Federal Foreign Trade Bank of the Russian Federation should be regarded as a medium-sized bank in Russia, which also meets Liu Si's requirements. As for Dmitriev's offer, judging by the absolute valuation algorithm, the market value of the Federal Foreign Trade Bank of the Russian Federation is only about $30 million, and $50 million is a bit expensive. However, for the sake of this form of political investment, he gritted his teeth and agreed.

The current banks in Russia are making money, and naturally Dmitriev's offer is a bit high, and he was ready to bargain, but he didn't expect Chen Guanghai to directly agree to the price of 50 million US dollars.

Dmitriev was very satisfied with the price of $50 million, and naturally agreed to the deal without sparing any effort. As for the Russian government's audit, it is difficult for Gdmitriev, who has a father of the Minister of Trade. What's more, the scale of the Federal Foreign Trade Bank of the Russian Federation is really small, and there is no need for the government to review it. In just three days, the Federal Bank of Foreign Trade of the Russian Federation became a wholly owned subsidiary of the Sindh Fund (Russian branch).