（.） “bavnetbsp; "Explain?" Zhou Liwen laughed angrily: "What is there to explain this? It's nothing more than you bringing the Wall Street set to China. If it's someone else, forget it, but you're the president of Goldman Sachs' Asia-Pacific investment department, you won't be unaware of the differences between China and the United States, right? Without the endorsement of the state, you will do this in China, you are not afraid of me, but I am worried that something will happen when the time comes, and what will happen, you can pat your ass and leave, but I am unlucky"

"It's not as serious as you think, but it's not really risky. Of course, I do not deny that the national conditions between the two countries are different, and there is a risk that this kind of bond exists without the permission of the central government, that is, without the endorsement of the state, but you must not forget that China is a large country no less than the United States, and it accounts for a quarter of the world in terms of population, and now it is in the midst of a high development, and the capital has this great time, and from these aspects, the actual risk is not very ......large. Brown, who was a little anxious, hurriedly explained, and at the same time stared at Zhou Liwen's expression, until the anger on Zhou Liwen's face calmed down slightly, and he was slightly relieved.

For this project, Goldman Sachs invested a lot of manpower and material resources, and even did not hesitate to lay out a few years before starting to prepare. At the end of the day, Goldman Sachs is here to take advantage of such a large market in China, and the extreme irregularities in the financial system, coupled with the conflicting interests of local governments and the central government, they know very well what an opportunity this is.

It is true that in addition to economic interests, there are also political interests, and the rise of China in the past decade or so has been seen by Western countries, and the US government's attitude toward China is complex and contradictory, requiring China's market, manpower, financial resources, and political influence to be used for its own use, and at the same time guarding against possible threats posed by China to the United States. From this point of view, Goldman Sachs' plan has been tacitly approved by the US government, and behind it is not only the shadow of the consortium, but also the government's purpose.

It was not whimsical for Brown to find Zhou Liwen to talk about cooperation, it was because he felt that Zhou Liwen was a very suitable candidate. First, Zhou Liwen has a huge influence in the business world as an American businessman, and second, Zhou Liwen has control of a commercial bank in China and a fledgling Internet bank, especially the latter, which is an exceptionally perfect promotion platform for Goldman Sachs' plan with the massive expansion of Alipay and its large membership. In addition, Zhou Liwen is not a Chinese born in the United States, but a citizen who immigrated to the United States from China, which reflects the special identity of Zhou Liwen. Using this cooperation, I also looked at Zhou Liwen's personal attitude, forcing him to choose a side in both sides, which is also a reason.

Brown asked Zhou Liwen to talk about this matter as a business cooperation on the surface, but in fact, he was uneasy and kind, and he had the idea of killing two birds with one stone. Zhou Liwen naturally knows the purpose of Brown, including Goldman Sachs, and to be honest, he doesn't want to get involved in this matter. If you get your hands on the mess of local government debt, it's like holding a time bomb in your hand, and no one knows when it will explode. Zhou Liwen put on an angry look and reprimanded, just trying to use this excuse to get rid of it, but obviously he didn't do much to do so.

Brown roughly talked about their plans and market judgments, and painted a huge blueprint for Zhou Liwen, in fact, the whole project operation is not complicated, Goldman Sachs will assist the local government bond project, and then the local government will use some infrastructure projects as a pledge, and then launch financial products to several banks for subscription. As for the banks, since these bonds are not endorsed by the state, the major state-owned banks cannot implement them for the time being, and can only operate them through commercial banks first. Then, commercial banks and some investment institutions will further operate to bring the derivatives of financial products after the second change to the market, and attract some so-called investment, wealth management, value preservation and other projects to induce ordinary people to buy.

According to the composition of the entire framework, each link will have a profit of about -% to O, and Goldman Sachs accounts for the two main links, the most basic profit can reach more than O, if Zhou Liwen joins together, relying on his advantages in commercial banks and online banks, that is, Alipay, then his profit ratio is roughly about O. In addition, about 2% of the profits will be given to some small and medium-sized investment banks and institutions, including local governments in various links. In this calculation, excluding interest expense, the profit ratio of the whole program is as high as 22 If you add the promised investment income, then theoretically the yield of these bonds should be at least about 3%.

3 on the gain, which is an extremely high percentage. According to the average 1o% spoon profit in the international trade circulation link, this rate of return is already very scary. Nowadays, when the annual interest rate of the bank is not enough, the risk of such a product can be imagined.

In the end, Zhou Liwen didn't officially reply to Brown after listening to the other party's explanation, but just said to think about it, and asked Brown for specific information for research. Brown was not surprised by Zhou Liwen's reply, and agreed very happily, and told Zhou Liwen that he would send someone to send him the information as soon as possible, but hoped that Zhou Liwen would not disclose it to the outside world and reply to him as soon as possible.

The next day, Zhou Liwen received a specially delivered express mail, which was Brown's specific operation plan for the local debt project. Seeing this thing, Zhou Liwen frowned slightly, and hesitated for a while.

The things in the document are roughly the same as what Brown described yesterday, but in practice they are more complex and subdivided. Zhou Liwen's income accounts for about o from the calculation of it, and if it is done properly, it may be increased to o or. Don't underestimate this figure, in terms of operating costs, the vast majority of these profits are pure income, and compared with the whole plan, due to the huge amount of local debt, just 1 is astronomical.

For example, in this document, Goldman Sachs has obtained local bond projects in three major provinces, and according to the first amount of these three provinces, it is as high as 2.6 billion yuan, 2.6 billion of 1 is 200 million, and Zhou Liwen's basic O point is 11.5 billion. This figure is already very staggering, if we calculate the amount that will reach 21 trillion in the future in history, it is almost as rich as a country according to half.

Financial capital is really terrible, it is simply eating people without spitting out bones. Zhou Liwen thought with trepidation that no one could resist the temptation of such a large amount of wealth, and if Zhou Liwen was indifferent to such a sum of money, it would be impossible.

In addition, Zhou Liwen will not be stupid enough to publicize this matter in public, or to remind the Chinese government and local governments of the hidden crisis of local debt. If he does so, he will simply bring himself to ruin, not only will he get into trouble, but he will also be ostracized by the Chinese government, including local governments. You must know that local government bonds are a slap in the face, Goldman Sachs has its purpose, and the local government also has its needs, and if the two sides do not reach an agreement, it is impossible to succeed even more unilaterally.

Zhou Liwen is not an idiot, and he is not a fool. He may have stood by and remained morally uninvolved in the project, but he would never have given any warnings or reminders. Because this aspect is so wide-ranging, if he does this, he will be pushing himself into a desperate situation of offending all aspects, and he will simply bring about his own destruction.

However, what good is it if Zhou Liwen does not intervene? lit a cigarette and smoked, Zhou Liwen thought about it silently, and after thinking about it for a long time, he didn't figure out where his benefits were. The reason is very simple, whether Zhou Liwen eventually joins this project or not, the evolution of local debt into a fact is unstoppable. Without Zhou Liwen, Goldman Sachs and local governments may have some trouble, but it will not be too difficult to find a partner in the end.

Just like the people who have been born in the previous life, people who chase interests and wealth abound, and if Zhou Liwen doesn't do some things, someone will naturally go.

"Brother Zhou, what are you looking for me? Is it ...... branches in North America? Yao Liang rushed to Zhou Liwen's side in a hurry, and asked as soon as he entered the door. Now, he is the vice president of Huhai Bank, and he is also a candidate for the president of Huhai Bank's North American branch.

Greetings, it has been decided that he will preside over the work of the North American branch, which is also a kind of appeasement for Yao Liang. Hearing this news, Yao Liang was full of energy, and the unhappiness of Zhou Liwen just putting him in the position of vice president was completely gone.

Today, Zhou Liwen called him to come over, and Yao Liang didn't stop at all after receiving the call, and rushed over after putting down the phone. At first, he thought that the branch in the United States had been confirmed, and Zhou Liwen approached him to talk about the work of the North American branch, who would have thought that after meeting, Zhou Liwen waved his hand and told him that this matter had nothing to do with the North American branch.

"What's that?" Yao Liang asked puzzled.

Zhou Liwen didn't answer, but pointed to the folder on the coffee table and motioned for him to look at it himself.

"...... this?" Yao Liang's heart jumped, and he secretly guessed what was in this folder? Could it be that his own "criminal evidence" is not successful? Yao Liang, who was nervous, had a cloudy face for a while, you must know that although he is good in the position of vice president, it is impossible for Yao Liang not to seek some benefits for himself with great power, not to mention anything else, looking at the recent boom in the real estate market, he used to just learn from Zhou Liwen to take out a loan to buy a house, and even got bigger and bigger, privately registered a real estate company, and used the rights of the bank to lend himself a large amount of money, and then used the money to cooperate with several large real estate developers to seek personal benefits.

Could it be that this matter was revealed by Zhou Liwen? Are you looking for a showdown today? The sweat behind Yao Liang was almost frightened, although he had a good relationship with Zhou Liwen, but because he was familiar with him, he knew Zhou Liwen's temper better than ordinary people. Don't look at Zhou Liwen's usual smile and kindness, but if it really involves interests, Zhou Liwen also turned his face and didn't recognize people.

At the beginning, Yao Liang had suffered a lot, and that was when Zhou Liwen had just cooperated with Huhai Bank not long ago. Yao Liang stood in line in order to tie up with the chairman at that time. But who would have thought that Zhou Liwen's burden came immediately, and finally forced Huhai Bank to make concessions, and because of this incident, Yao Liang spent a lot of effort to make up for the relationship between the two sides afterwards, and he barely got through the difficulties.

Just when Yao Liang was thinking wildly in his head, and he was so frightened that he wondered whether to confess and be lenient first, Zhou Liwen opened his mouth.

"You can see it first, remember, this thing can only be seen from me, and it must not be circulated after reading it, not even by anyone

“…… I understand. Yao Liang was stunned and hurriedly replied, and at the same time, the big stone in his heart finally let go, since Zhou Liwen said such a thing, it means that this thing has nothing to do with his guess at all. Secretly scolding himself for being cowardly, Yao Liang picked up the file and opened it to take a closer look.

After a few glances, Yao Liang was taken aback by the contents inside, he raised his eyes slightly to look at Zhou Liwen, and saw Zhou Liwen sitting calmly on the side, without the slightest explanation.

continued to look closely, and when he saw half of it, Yao Liang's whole person became excited, his face turned red, and his hands holding the documents even trembled slightly.

"This ...... This....... ”

finally finished reading it all in a mood, Yao Liang said incoherently: "Brother Zhou, this project is so good, it's really good."

"What do you think of this project?" Zhou Liwen asked flatly.

"Of course," Yao Liang said, "The idea of raising funds for local governments to issue bonds is really wonderful, and the whole plan is simply flawless, and it is really Goldman Sachs' handiwork." Brother Zhou, is Goldman Sachs looking for you to work together? If this is the case, you listen to me, and promise to agree immediately If this project is completed, not to mention personal interests, it is possible for our Shanghai Bank to use this project to pass the four major banks in one fell swoop. The benefits are staggering."

"Hehe, yes, the benefits are great, it's really amazing" Zhou Liwen sighed, but his expression was not as excited as Yao Liang's, but very calm.

Looking at Zhou Liwen's appearance, Yao Liang was a little puzzled, and after thinking about it, he asked tentatively: "I said Brother Zhou, you won't be worried that there is a problem, right?" ”

Zhou Liwen hesitated, nodded slowly, he stretched out his finger and nodded on this thing: "You guessed right, I'm worried about this." It is undeniable that this thing has a strong operability, but it is also very risky, this kind of bond is not endorsed by the state, and once something goes wrong, it is a big deal. When the time comes, we will sell it, and no one can afford to take this responsibility. ”

"Hey, you don't have to worry about this, in fact, I don't think there is such a risk at all." Yao Liang patted his thigh and said: "Our bank is responsible for some of the links at most, the real purchase and sale has nothing to do with us, as long as we do not stamp our bank's seal when selling to the market, but only sell to customers in the form of consignment, even if we can't return the principal, what does our bank have to do with it?" When the time comes, the customer will find a direct push to the local government, investors and other financial institutions, and to put it mildly, this kind of official judicial court will not be able to judge, who cares about you. ”

Zhou Liwen nodded silently, Yao Liang was right, in fact, he also knew. Moreover, judging from the crisis situation of the entire local debt, there will be no major problems for at least a few years, and it is estimated that it will be 215 years later when it cannot be recovered. At least, although there were often news reports about local government bonds in his previous life, and some experts also pointed out the risks of local government bonds, because the whole plate was too big, the real risks were not immediately revealed for a while, so the local governments still did the same, tearing down the east wall and making up the west wall, barely maintaining it.

From this point of view, it is not only not risky to engage in this thing now, but also to gain benefits from it. Yao Liang is a professional and knows more about financial means than Zhou Liwen. Call Yao Liang today, let me see his attitude in this project, although Zhou Liwen had expected it a long time ago, but seeing Yao Liang's excited look, he was still a little disappointed.

Waving his hand to stop Yao Liang from continuing, Zhou Liwen instructed: "You are in charge of this project, I will send personnel from the American investment bank to assist, and Alipay has always been in charge of you before, so this time it will be carried out by Huhai Bank and Alipay at the same time." ”

"It's no problem, it's better to have the cooperation of the personnel of the American investment bank, by the way, Brother Zhou, can you let the U.S. No. 1 National Bank also send some people over? As you know, China has little experience in such financial products, and if the United States can send more people, it will be easier for us to operate.

"Yes, I will give you the authority to do this, and you will also be responsible for the coordination with Goldman Sachs, but remember that all final confirmation must be signed and approved by me." Zhou Liwen nodded after thinking about it.

"OKOK" Yao Liang excitedly geared up, and also proposed to take this opportunity to knock on the local government, so that the Shanghai Bank can get some preferential and convenient policies in the jurisdiction of the local government, if it can cooperate with the opening of some branches, sub-branches and branches, then it will be better.

Regarding this point, Zhou Liwen was noncommittal and asked Yao Liang to watch and handle it himself, this is some trivial matter, just report it to the board of directors directly by the internal handling of Huhai Bank, there is no need to talk to him.

In the end, Zhou Liwen told Yao Liang that when the project was running, he would take out 3 from the profits as the reward part, and let Yao Liang get the reward system out for him to see in the preparation period. Hearing this reward ratio, Yao Liang nodded again and again, you must know that this is not a small number, especially a host like him, generally speaking, it accounts for one-tenth of 3, that is, the proportion of o, this proportion is very large, if this project is done well, Yao Liang believes that he can really enter the ranks of billionaires, and by that time, the position of president is no longer tempting for him.

(Ask for a recommendation ticket!) Pass! Golden Keyboard Ticket! Thank you all!)

Strange business_Strange business_Full text of stranger business_ Updated!