Embarked on the return journey back to his hometown again, this time Chen Bo's treatment was much higher, although he was returning home, there were special personnel responsible for reception at the airport.

These rushes are not his face, but from Jim Rogers, the old man's reputation in China is very loud, and labels such as "financier" and "commodity king" are enough for him to eat and wait for death in this hot land of personality cult.

In particular, before I arrived, I sent a formal business visit letter to the local government as the chairman of the B&P Fund, which made the meaning even more different.

The current B&P fund is not the embarrassing shabby when it was first established, and the assets invested and held in its name alone are as high as tens of billions of US dollars, of which the orange company has contributed the most, according to the valuation of more than 70 billion US dollars, and 25% of the shares are also 17.5 billion US dollars, right?

Not only that, but it also owns 7% of Apple stock, 5% of eBay, and 3% of Amazon. Moreover, it is also the largest institutional shareholder of several major domestic portals, and in terms of equity investment, it is no less famous in the IT industry than Sequoia, Bain, DFJ and SoftBank, which are relatively well-known funds.

What's more, hedge funds can do a lot of projects, not just venture capital, if such a large amount of money can enter the country, then every official will be extremely enthusiastic, but the reality is not so optimistic.

Vincent, Goldman Sachs and Allianz and Express jointly invested $3.78 billion in ICBC Bank (a bank abbreviation, risk avoidance uses abbreviations. In front of the riverside terrace of Jiujian Hall, Nicholas said with some annoyance.

"It's not your fault, Goldman Sachs has been laying out for so long, and they have put more effort into this piece of fat than us." Chen Bo had already prepared to lose here, although he had asked him to come to China in advance, but it still didn't help, so he didn't mean to blame him.

The influence of the four major banks naturally does not need to be disputed, and the number of assets controlled is an unimaginable value, and it is not too much to say that it is the lifeblood of the country.

As early as 99 years, the non-performing assets were stripped, and four companies were established to take over all the bad debts and bad debts, so the rest is naturally high-quality assets, the heaviest of which is ICBC, Goldman Sachs got the high-quality assets after the bad debts at such a low price, and it is definitely a big profit.

With their pee, as long as you don't short after the listing, you will be hell, and this is no different from looting the people.

JPMorgan Chase is also a sad one, don't look at the good relationship with BOC (Bank of China), the earliest business in China, but it is only for the energy industry, they are good at dumping coal mines, but other areas are not strong.

The strategic investors of CCB and BOC are still not his share, and UBS, Temasek, Merrill Lynch, and Bank of America have become profiteers.

"These assets are not a good thing in their hands, and the future wave of shorting is completely predictable." Rogers glanced at him, sighed, and said, "This is no different from betraying the country. ”

"How about the madness of the Soviet Union?"

"That's far from it."

"I'm not worried that they will short the stock market in the future, and even if they are short, someone will save them, but I'm afraid that Goldman Sachs will use ICBC to make a fuss, and the lid of the European debt crisis can be lifted from anyone's hands, but they can't go through the ICBC channel. Under the wrath of the EU, it will inevitably be widely implicated. ”

Chen Bo's worries are not unfounded, in another time and space, this cauldron lid is from a report on the European debt crisis by South Africa's Standard Bank, and the majority shareholder of this bank is ICBC. No matter how you look up the pole, you will point the finger at this rising developing country.

On the surface, of course, there will be no big moves, but behind the scenes, it is inevitable that there will be stumbling blockades, technological blockades, economic sanctions and other soft means to control you, and Chinese capital will be much more difficult in Europe and will be subject to countless constraints.

Even if Europe declines, hard power is still there, and it is not a soft persimmon to be slaughtered.

If you want to take the initiative to short ICBC, it is just a trap for some small investors who play new stocks, and it has no impact on Goldman Sachs, and the original stocks are almost like picking up money for nothing. But fortunately, there is still time, at least no one will do this kind of thing this year, and the time has not yet come.

"I don't think the situation has evolved to the point where it is so bad. The most important thing is to accelerate access to the mainland market and promote financial opening-up. Goldman Sachs is negotiating with airlines for jet fuel hedging orders, and we can still fight for it. "Rodgers has a more pragmatic point of view, which is his forte.

Hedging is a financial instrument used by general enterprises in order to avoid the risk of exchange rate and price fluctuations in foreign trade.

For example, an airline places an order to buy jet fuel, but is worried about the rise and fall of oil prices in the future, or the rise and fall of the exchange rate will lead to losses. Therefore, it is necessary to operate in the reverse operation in the futures market, and the profit obtained will offset the previous loss.

Because the futures contract is about to reach the delivery date, the margin in other time periods is very low, and leveraged operations can be executed, so there is no need for such a high investment, and many companies will use this to avoid risks.

However, it is impossible to carry out the operation only once, and the airline is not professional in the financial market. Investment banks, hedge funds and other institutions can act as agents for this business. By signing an agreement and setting a fair price, institutions can earn the difference.

This is equivalent to raising funds from airlines for futures operations, and airlines only need to ensure that they do not lose money in the end, and they can make some money. Institutions not only earn interest rate differentials, but also charge a management fee. As for the loss, of course, it is borne by the investor, so there will be a certain proportion of private equity funds that must be invested by its own funds before it can be approved.

The degree of openness of the domestic financial market is still very low, and this is the only business that can be done, because there is no crude oil futures trading market in China. Of course, there is no present. In the trading market of goods and silver, legitimate institutions are not oriented to small retail investors, but whenever they encounter such scammers, they will either ignore them or call the police, and it is also a pleasure to be eloquent.

"I've already helped you contact the city government, and you'll go to visit tomorrow, and you can promise other investment projects that can be landed, and it's far more clever to send political achievements than to bribe, especially this one." Chen Bo told Rogers that his fame itself is a living signboard, and if he goes, he can take care of his face and lining.

As for Nicholas, he is now in charge of investment banking at JPMorgan Chase, but only in a deputy position, so he was asked to come this time. One is to use JPMorgan Chase's reputation to make some articles, and the other is to help him open up the situation as soon as possible, and the better his future development, the better it will be for him.

There are some things that really need him to do it, such as the auto industry that Ron has been in charge of negotiating.

Led by the Ministry of Industry and organized by Shencheng Automobile Group, an internal meeting organized by the Ministry of Industry is qualified to sit at the conference table, whether it is a state-owned enterprise or a private enterprise.

This meeting is low-key and secretive, anyone who lets them out is a big man, don't look at the harmony sitting here, but usually the fight in the mall is extremely tragic.

"This time we have gathered everyone together, of course, it is not a boring seminar, and I think you all have a thorough understanding of the current industry situation." A middle-aged man who looks like an official in the center made an introduction on behalf of the Ministry of Industry, and introduced the main figures present one by one: "We have not only invited Mr. Ron Dennis, chairman of McLaren Group in the United Kingdom, but also Mr. Nicholas Rockefeller, head of investment banking at JPMorgan Chase Bank in the United States, and Mr. Chen Bo, global partner of B&P Fund. ”

The sparse applause rang out, all of them were the masters with long eyes and heads, even if the name sounded bluffing, they still had a skeptical attitude. The first two people are easy to understand, but they still don't understand Chen Bo's appearance.

Although everyone questioned it, they did not express any opinions, only a middle-aged man with a grim face clasped his hands in front of his chest, and said in a loud voice, "Building a car is not the kind of Internet that can be flickered by concepts, it is the perfect combination of science and technology, and what is needed is hard power." Some people don't have any hair, and they just jump up and down like monkeys every day, why are they sitting here? ”

Everyone looked at each other, this was too pertinent, the key was that saying this on this occasion would reveal emotional intelligence a little, but the official sitting in the main seat didn't seem to hear it, and all eyes looked at the young man.

"Is it okay if I have money?" Of course, Chen Bo knew that it was aimed at him, so he just smiled faintly.

"Cut, it's great to be rich."

"If I have money, I can be willful, and if I have money, I can go to the bank and buy the bank debt of any company here, don't tell me that you don't have a dime of loans?" Chen Bo said indifferently, "If you have money, you can buy it overseas at will, and don't even want to get any of the technologies you covet." ”

The middle-aged man looked indignant, but he had nothing to say, which was also a lack of virtue that could only be done by a master with a large amount of cash.

If you have a debt in hand, you can force a debt. Not to mention that it is the uncle who owes the debt, it makes no sense in the eyes of some people. In particular, banks hold a large number of debt-for-equity swap agreements, which must be restricted to foreigners, but this TMD is a genuine Chinese, so there is no problem.

At present, state-owned enterprises are also paying attention to capital restructuring and deepening reform. The state-owned automobile group has also basically completed the share reform, and it is a little doll that has just learned to walk in the capital market, and if there is no policy protection, the resistance is still very weak.

"Lao Liu, although most of Mr. Chen's business is overseas, he is also a patriotic entrepreneur. This proposal was also initiated by him, MG, those are all trivial, if there are any problems, you can discuss them after the meeting! ”

The official of the Ministry of Industry stepped forward at the right time to ease the tense atmosphere, and also revealed the identity of this person.

It turned out to be the person in charge of Jinling Automobile Company, and Chen Bo directly cut off their idea of acquiring MG assets, causing them to talk about things for several years and finally put them on hold.

"This Mr. Liu wants MG's assets in the UK, right?" Chen Bowan smiled and said, "Well, these are trivial things. Now the development of our country's automobile industry has reached a bottleneck period. In the past, it was all about OEM to make money, after joining the WTO, the tariff on automobiles fell, and more imported cars poured in. ”

(End of chapter)