At 3 p.m. on 1 July, Zhouyou's special plane landed at the Beijing International Airport. www.biquge.info From the moment the plane landed, countless media guns and short guns were aimed at the landing plane, and the convoy traveled all the way from the airport to the courtyard on the northern edge of the Houhai Sea, followed by countless reporters all the way.

Zhou You, who was sitting in the car, couldn't help sighing, and said to Ma Hongtao beside him: "I'm afraid of reporters in London, and I'm still afraid of these reporters when I return to the capital. ”

Ma Hongtao said with a smile: "I don't know how many people have thought about such a day, but I am stared at by these reporters every day, and I really have no privacy at all." ”

Zhou You nodded and said, "After I get home, make arrangements, I'll sneak out and don't let people find out." ”

Since the beginning of this year, Ma Hongtao has become one of Zhouyou's personal assistants, but he is different from Sanchez, who is a personal assistant and is responsible for all trivial affairs, while Ma Hongtao is only responsible for Zhouyou's fund management.

In London, his every move was exposed to everyone's eyes, so he had to return to the mainland to meet some people who needed to be kept secret. In the mainland, his whereabouts are much easier to conceal.

When he came back this time, he didn't even bring Sanchez with him, only Ma Hongtao and the secretary team, and he also wanted to limit his whereabouts to a few people this time.

"I'll arrange it and try not to let anyone else find out."

The convoy returned to the courtyard by the back of the sea, and the traveling car drove directly into the garage next to Nan's study in the reporter's sight. However, as soon as he got out of the car, he hurried to the seventeenth courtyard next to him.

From the front yard to the backyard, traveling non-stop, seeing Le Yao with a smile on his face and an excited face, he hugged and kissed him, and without waiting for Le Yao to react, he laughed loudly: "Wait for me at home, and I will serve you well when I come back at night." Immediately, Zhou You entered the rear wing room directly from the passage next to the ear room.

Zhou You ran two steps, kicked the wall, and climbed onto the roof. The courtyard had long since been cleared by the family's bodyguards, and there was no one in the alleyway behind the house, except for an Audi car with reflective film on it. From the nearly four-meter-high eaves, Zhou You jumped down directly, opened the back door, and sat in.

There were two middle-aged people sitting in the front row of the car, and when they saw Zhou You sitting in, they started the car and drove west along Ya'er Hutong, and when they turned into Gulou West Street, they blended into the traffic. At this time, the middle-aged man sitting in the passenger seat took out a few passes and placed them under the front windshield.

At the door of Nan's study, the bodyguards and secretaries who traveled around were still slowly getting out of the car. Le Yao came out of the courtyard and immediately attracted the attention of many reporters. Although many people know that this goddess of literary films has an unclear relationship with Zhou You, so she has a lofty status in the film and television industry, and no one dares to provoke her. But the first time she appeared directly in front of the media like this, it also directly proved that the previous rumors were true.

She picked up a small suitcase from the luggage carried by the secretary team, and ran back to the courtyard with excitement on her face, and the excitement that she couldn't wait was vividly expressed in front of everyone.

Everyone thought that this was a gift that Zhou You brought back to her, and she couldn't wait to go back to meet Zhou You, no one knew that at this time, Zhou You was no longer in the courtyard.

The Audi drove into a somewhat old-looking courtyard, and the only thing that stood out was the large trees in the yard, all hundreds of years old. However, it is clear to Zhou You that this is one of the most powerful places in the world, and you can even remove one or two words.

There were already a few men waiting in the yard, and when they saw Zhou You get off the car, they all greeted him with smiles. After a round of greetings, Zhou You was welcomed into a small conference room.

There were already more than a dozen middle-aged men sitting in the conference room, led by a few familiar faces that Zhou You had already seen on TV. In the face of them, Zhou You did not maintain his arrogance, but modestly took the initiative to shake hands and say hello.

By the time Zhou You was able to sit down, it was already twenty minutes later. After listening to the situation reports from people from all walks of life, it was finally the turn of Zhou You.

He took a disk from his pocket, handed it to the projector operator, and walked himself to the screen, the first words he uttered surprised everyone present.

"Everyone thinks that the crisis caused by subprime defaults will slowly wane, but I want to remind you that this is just the beginning, and this crisis is much more serious and lasting than all of us think. At present, the subprime mortgage crisis only affects the banking and financial circles in Europe and the United States, but in the next two or three years, the impact of the subprime mortgage crisis will affect the real economy from the virtual economy to the real economy, and the whole Europe and the United States will move the main body of the real economy from Europe and the United States to Asia because of this crisis. Crisis, crisis, opportunity in danger, now is our chance. Mr. Lou, I reminded you not to invest in Blackstone during the Spring Festival, and there were still many people who opposed it at the beginning, but now? ”

Hearing Zhou You's question, he shook his head and smiled and said, "All of us are amazed at your unique vision. ”

Zhou You shook his head and said: "No, it's not all vision, it's more based on the comprehensive analysis of all the situations in reality, and it's not enough to rely on vision." I am not here to criticize CIC's decision-making mistakes, but I would like to take this opportunity to seriously communicate with you about the traps set for us by foreign financial institutions under normal circumstances, and to avoid causing us greater losses by learning from each other. ”

"I will now take two international cooperation traps in the recent period and carefully analyze them with you. The first is the share exchange agreement between CITIC and Bear Stearns. In order to speed up the process of internationalization, CITIC blindly signed a share exchange agreement with Bear Stearns, and if it were not for the CSRC's rejection of this business plan, everyone will see that affected by Bear Stearns' bankruptcy, CITIC will also fall into a whirlpool of huge losses. I don't know how much investigation did CITIC management do before signing this agreement, and why did it rush to sign this agreement? Is it really because even if you lose your own money, you can do whatever you want? For the sake of the company's internationalization process, is it really okay to care about nothing? This is exactly the same as the slogan propagated by some local leaders in the past few years, that you can give up anything for the sake of development, and it is also the same that makes people think about it carefully. ”

"Our companies only see Bear Stearns' fame in the United States, and are dazzled by their scale, but they don't see the entire financial environment in the United States, they don't see their profitability, and they don't even have a clear understanding of each other's business methods to cooperate with others. If this plan is really approved, we can see that we will come up with billions of dollars of money, and we will only go to help Bear Stearns cover their losses, and even if they don't go bankrupt, they will be dragged into the abyss of struggle, taking a well-run company to work with a company that is going bankrupt, and we can't afford to pay for it. ”

"Secondly, there is the trap of Blackstone, and I know that there are still many people who think that cooperating with Blackstone will help us in CIC's international business. I'm not going to deny that, and Blackstone is a good company, and even if it doesn't make much money, it won't lose money, but you don't see what Blackstone's real purpose is. ”

"The purpose of Blackstone's listing is other than that the two founders are old and want to sell the company they founded for a good price. With their sense of smell, they should have a premonition of the approaching financial crisis, so they should seek other directions. They will put a large amount of money into our market, and rely on the cooperation with CIC to pry open the door to our market, not only will not take us to international investment, but will treat us as an ATM. ”

CIC invested in Blackstone, which was the most failed investment that Zhou You knew in his previous life, and even became an international joke, so it was known by Zhou You.

At the beginning of 2007, Blackstone was planning to go public, and CIC, which had not yet been formally established at that time, took out $3 billion and subscribed for 100 million shares, with an average of $30 per share.

However, after Blackstone went public, the stock price soon fell to $10, and CIC thought it had bottomed out and invested another $250 million, but unexpectedly, CIC wanted to copy the floor price, and did not want to have a basement under the floor! In the end, the stock price fell to a minimum of $3 per share, which is equal to more than $3 billion invested by CIC, which fell by 90%, leaving only 10%.

In addition, CIC accounts for nearly 10% of the shares, but has no voting rights, and can only be a shareholder who does not speak, and has no influence on the company at all. Since then, CIC has been trapped, and it was not until seven years later that the stock price slowly recovered, and CIC was unbundled.

Although CIC has made US$1 billion in seven years, the total return is only 35 percent, and the annual return is only 4.38 percent. This rate of return is not only about 10% for managed funds, but also for large fixed deposits, which is higher than 5%.

And what about Blackstone? Relying on its relationship with CIC and actively investing in the domestic market, Blackstone's investment in the mainland achieved a double hundred in the three years of the financial turmoil, that is, a 100% success rate and a 100% rate of return. Blackstone is seen differently by Wall Street because of its perceived ties to the Chinese government.

In 2006, before going public, Blackstone spent $250 million on compensation and benefits. Listed in 2007, the salary and benefits soared tenfold to US$2.3 billion. In 2008 and 2009, Blackstone lost $5.6 billion and $2.4 billion, while compensation and benefits reached record $3.9 billion and $3.8 billion.

However, the more than $3 billion invested by CIC is not able to share any benefits in the income because it has no voting rights and is only a stock, and such an investment case has become a strange thing in the world financial circles.

Reborn I, Zhou You remembers this strange case very clearly, so during the Spring Festival, he issued a warning not to let CIC repeat history.

At the beginning of last month, nearly a month earlier than the historical time of listing, Blackstone went public on Wall Street, and at the beginning of the listing, the stock price reached $35, but in less than a month, the stock price has now fallen to less than $23, a full third.

Even at this time, there are still many experts who suggest that CIC should seize the "opportunity" and hurry up to "buy the bottom". Zhou You really wanted to spray those experts in the face: Why don't you take your own money to buy the bottom?

After talking about the trap of Blackstone, Zhou You turned the topic to the topic of the trap of internationalization. "Internationalization is an important direction for us, but we face the challenge of pitfalls. Just like the phenomenon in Latin America in the past, the United States used various business traps to swallow up almost all Latin American companies and companies, and set these countries back 30 years. In Japan in the 80s of the last century, since the Plaza Accord, the United States has put a shackle on Japan's economic development and used foreign exchange to manipulate Japan's development. In the early 90s of the last century, Japan's economy fell sharply, and until today, Japan's economy has not recovered. ”

"The Asian economic crisis of '98 has left many Asian countries still swallowing the bitter fruit of the trap of internationalization. And now all kinds of signs show that our mainland is also facing the challenge of internationalization traps. Recently, there has been a general increase in resource prices, and behind it is the challenge of the trap of internationalization, so I have been trying to control the rise in resource prices, but my power is too limited on my own. Our mainland enterprises should not be afraid of the theory of resource crisis propagated by the international community, let alone invest and hoard goods in this area at this moment when prices are soaring, because at this time of high prices, except for necessary consumption, any investment we make is to pay for foreign enterprises. ”

"It is true that oil is limited, iron ore is limited, copper ore is limited, but in the process of these resources being exhausted, there is still a long time, and this period is a period of game between us and resource countries and those international companies. To give a very simple example, now the United States is vigorously developing shale oil due to the soaring price of oil, the rise of shale oil development technology, and the decline of shale oil development technology. And their contradictions with OPEC will also erupt in the next few years, although now crude oil reaches 100 dollars a barrel, but in the future, the price of oil will fall to 40 dollars a barrel, if we take over now, you can imagine how much more foreign exchange we will consume in this area in the future. ”

At this time, the elder who had been smiling and listening asked softly, "Xiao Zhou, are you sure that the price of oil can really drop to forty dollars in the future?" ”

Zhou You smiled: "It's 2007, and I'm sure that in the next ten years, the price of oil will not exceed now." ”