It is definitely not a loss for Zhou Xin to be able to let Xinxin join EUV LLC.

Of course, choosing this point in time to let NewPay go public will definitely be a blood loss from an economic point of view, and now that the crisis is spreading, NewPay can't get too good a price.

If it drags on for another two years, when the financial crisis passes, the valuation of Xinxin's listing will be at least 200 billion, plus the substantial monopoly of the entire electronic payment market, and the market value will be thrown up by 50%, and the market will buy it.

Now that it is listed, it is estimated that it will be about 100 billion US dollars.

But the problem situation is stronger than people, as a weak party, when you make a deal with the strong party, you will definitely lose.

More or less will lose.

Taking Time Warner's acquisition of Quora as an example, Goldman Sachs, as a major shareholder of Time Warner, single-handedly led the completion of the transaction, allowing Zhou Xin to complete the accumulation of original capital.

It seems that Zhou Xin has made a lot of money, but in fact, Goldman Sachs is the one who makes the most money, and he successfully escaped from the Nasdaq bubble crisis.

Merrill Lynch, which is also a top brokerage, did not escape the Internet bubble of the millennium, and finally the entire securities investment department was packaged and sold to BlackRock with heavy losses.

It has been almost ten years since he returned to this pilot, and Zhou Xin is very clear about Ameriken's routine.

He could not agree to Henry's conditions, and when others were in China, Ameriken could not use any private means against him.

But Zhou Xin is sure that once Madoff's matter is settled, Ameriken will definitely force NewPay to be split on the grounds of monopoly.

So change something while you can.

"What? Listing NewPay now? Peter Thiel's expression was exaggerated, unable to understand the decision made by Zhou Xin.

On the 18th floor of the headquarters building of Lujiazui NewPay Huaguo Branch, Zhou Xin looked at Peter expressionlessly: "Yes.

I know it's not a good time and we don't have a choice.

Madoff is a giant pit that has to bury everyone, and Henry's listing of NewPay boosts investor confidence in Ameriken's capital markets.

I have no way to refuse. ”

Although Zhou Xin is the decision-maker, Peter only needs to implement this kind of decision, but he is still very honest.

Peter Thiel nodded: "Okay, I see."

Will I do it, NASDAQ or NYSE? ”

This question is asking whether NewPay is listed as an Internet company or a financial institution.

Internet companies are generally listed on the NASDAQ, while traditional financial institutions are almost always listed on the New York Stock Exchange.

Zhou Xin said: "On NASDAQ, technology is the key to differentiating NewPay from other financial institutions.

You should be aware of the power of algorithms, which combine with data to provide added value to almost any financial business.

Our roots are technology, which I define as fintech, Fintech.

After the Madoff crash, NewPay will monopolize the entire capital market, and we have massive data around the world.

We need to unlock the value of this data. ”

NewPay in China is completely isolated from NewPay abroad, also to prevent key data from being held abroad.

Peter has a general understanding of Zhou Xin's strategic development plan for NewPay, which is still relatively conservative.

"I think we should develop both sides at the same time, fintech, good concept, I don't deny that it's very helpful.

The combination of data and algorithms has very high-quality results in customer acquisition, promotion, and risk control, and these results are still being iterated.

This is our core competency.

But I think we can walk on two legs and not be tied to technology.

To be honest, NewPay is not bad for money, we have strict personnel control, and the treatment is only average, and with the help of financial data on a global scale, our costs are actually only manpower and servers.

Since NewPay has set the benchmark for electronic payments on a global scale, we don't need to spend much money on marketing.

So to be honest, we don't need to go public, NewPay is not short of money, it's the Ministry of Finance, it's Henry, he can't solve the current situation, and he wants NewPay to go public to help him boost the confidence of global consumers in the Ameriken capital market.

NewPay was needed to go public to help him distract from the media.

These are not what NewPay wants, we will definitely be able to raise a lot of money by going public, and I think we can take advantage of this financial crisis to buy a bank.

We can walk on two legs at the same time on the financial side and the technology side. ”

Later, Alipay launched MYbank, and WeChat Pay set up WeBank.

Not only Chinese electronic payment manufacturers play this game, but also foreign electronic payment manufacturers.

Kakao in Goryeo, a chat software similar to WeChat, also makes electronic payments, called Kakao Pay.

Interestingly, Tencent is an investor in Kakao, holding a 13% stake at the most, while Alibaba is an investor in Kakao Pay.

In 2015, the Financial Services Commission of Korea launched the IT-Financial Convergence Support Program, which allowed the establishment of an Internet bank with Korean characteristics, and issued an Internet banking license to Kakao the following year.

More relaxed regulatory standards have been given to such Internet banks, including the principle of separation of industry and bank (the original Goryeo standard, the industrial capital of non-financial institutions cannot hold more than 4% of the bank's shares), and the minimum capital has been reduced from 100 billion won to 50 billion won.

Including neon is the same, because NewPay entered the neon market earlier, Goryeo did not allow NewPay to enter because of the principle of territorial protection, and Neon's NewPay established a digital bank as early as last year, focusing on providing products that are differentiated from traditional banks.

After NewPay Bank was launched, it expanded rapidly with the help of 711 and Lawson.

But what Peter wants to do is not a digital bank like electronic payment, but wants to acquire traditional large banks and make NewPay a real financial giant.

"Every financial crisis is a process of ebb and flow, and after every tide, there are dead bodies pushed to the beach by the waves.

This time the wind and waves are exceptionally strong, and there may be a giant whale falling. ”

Zhou Xin thought to himself: "You are really right, the banks that fell this time have investment banks like Lehman Brothers, and commercial banks like Washington Mutual." ”

What Zhou Xin didn't know was that even Silicon Valley Bank could go bankrupt in the future.

"I agree with you.

When there is a suitable price for these assets, we can start to buy them. Zhou Xin felt that there was no problem.

With the further listing of NewPay, although he still holds the control of NewPay, his shares will be further reduced, and more forces will come in to share the dividends brought by NewPay's development.

The diversification of NewPay's financial business may develop into a combination similar to Goldman Sachs, PayPal and Wells Fargo in the future.

Peter Thiel said, "Then we need to be listed on the New York Stock Exchange, and Madoff is definitely going to be a landmark event, an event that has never been seen before."

Henry's attempt to use NewPay to dissipate media attention from the Madoff affair is unrealistic.

I have a hunch that this financial crisis will be particularly brutal, and that many assets will fall to unimaginable prices.

But if we want to eat a relatively good piece of cake at this time, we need to plan ahead. ”

For example, Washington Mutual, before the collapse of the 08 financial crisis, was the fourth largest bank in terms of assets of Amerit's individual customers, with a history of more than 100 years, and according to the benchmark of Huaguo Bank, it is similar to the Bank of Communications.

The on-balance sheet assets alone exceeded $300 billion, and it went bankrupt because of the liquidity crisis, and when it went bankrupt, it still had $300 billion in assets on its books.

In the end, it was acquired by JPMorgan Chase for a measly $1.9 billion.

Opportunities like this are not NewPay's turn at all.

The top-notch Tang monk meat must be eaten first by the monster closest to Lingshan.

Because Washington Mutual was taken over by the Federal Deposit Insurance Corporation after its bankruptcy, and the companies that wanted to buy the bank at the time included Citigroup, HSBC and Wells Fargo, why did JPMorgan Chase win in the end? And not because of deep ties in Washington.

Including 20 years later, in the wave of the collapse of Americacan Bank in 2023, First Republic Bank, with the same $229.1 billion in assets on its books, was acquired by JPMorgan Chase for $10.9 billion, or in installments, only the first payment of $2.6 billion was required.

Even during the '08 financial crisis, Morgan received $29 billion from the Federal Reserve to buy failed financial institutions.

Morgan became Americaken's largest East Coast bank through the acquisition of Washington Mutual, and in the future, it became a giant bank accounting for more than 10% of the country's deposits in several mergers and acquisitions.

So, back to that question, these top Tang monk meat can't get NewPay's turn, and they can't even get admission tickets.

Peter has been in the position of CEO of NewPay for so long, and he also understands this reason, and he wants to plan ahead and find an opportunity for NewPay.

Even if it's just a regional commercial bank, NewPay doesn't have to worry about running out of customers, they have the online channel in their hands, which is a natural source of customers, they just need an opportunity.

Even if it is a regional bank, Peter is sure to use the power of NewPay to build it into a national bank.

When Zhou Xin and Peter were discussing the next step of NewPay in Lujiazui, Wall Street, far across the ocean, was completely detonated because of a piece of news.

"Bernard Madoff Alleged Securities Fraud"

The fewer words, the bigger the news.

The media didn't have the heart to think about what the headline, they needed to get the news out as soon as possible.

To be honest, these media outlets in Ameriken, from Madoff being controlled to Robin being controlled, have been getting some vague news one after another.

Many media practitioners have posted messages on Weibo, hinting that there has been a big incident recently.

But because of the joint control of Washington and Wall Street, the news was dragged on for a month.

Washington needs time to sort things out and prepare a plan to deal with the anger of the broad masses of investors, while Wall Street needs time to escape.

Once the news ferments, it will cause a crisis of confidence among global investors in Ameriken's financial institutions, from securities to trusts to insurance, and no one can escape.

Therefore, it is the consensus of everyone not to spread the matter.

Ordinary people can only see the stock market plummeting every once in a while, and the media is saying that it is the bottom, and all kinds of bottom adjectives are endless.

It's like the bottom of Big A's policy and the bottom of the market, I've only heard of it but haven't seen it.

During this time, the leeks of Ameriken have the same feeling as the leeks of Huaguo, that is, they always say that the bottom has arrived, why are they still falling?

Start at three or four hundred points at every turn, and this still doesn't let people play?

Bernard Madoff, former chairman of the board of directors of Amerily Ken Nasdaq Stock Market Inc., was arrested by the police on suspicion of securities fraud on the 11th. On the 12th, the court urgently froze all the assets of the securities trading company and hedge fund company under his name to appease investors.

Madoff is accused of manipulating hedge funds, causing investors to lose at least $200 billion. This is definitely the biggest fraud in the history of Wall Street.

On the 12th, the Ameriken Securities and Exchange Commission asked the federal court to temporarily freeze all assets in Madoff's name until the court appointed someone to take over the company's finances.

Linda Chatman Thomson, head of the Securities and Exchange Commission's legal department, said: "We are taking swift and decisive steps to protect investors' remaining assets. ’”

According to sources, Madoff told Baidu's chief financial officer, George Reyes, in December that Madoff's hedge fund and investment advisory business were pyramid scams.

Just yesterday, he confessed to FBI investigators that he was paid to investors with money that did not exist. ”

"Spanish financial giant Santander issued a risk warning that the bank's hedge fund Optimal is expected to lose 5.33 billion euros due to the Madoff fraud, which is also the largest loss the bank has ever faced."

"BNP Paribas recently announced the amount of losses, the bank said in a statement that the bank and Nasdaq do not have direct investment operations, but are implicated by hedge funds and may suffer losses of 830 million euros."

"I'm damned, I'm damned." Richard Spring's face was full of remorse, he sat in front of the mirror, watched his remorseful expression disappear in the mirror, took the whiskey on the table and drank it down, and then jumped from the 23rd floor.

He was a securities analyst on Wall Street and invested $11 million in Madoff, or 95 percent of his personal net worth.

This is actually not critical, because personal assets are gone, there is still a chance to earn back, ninety-five percent is gone, and the remaining five percent is enough for him to be an ordinary middle class.

The fatal part is that he helped the Madoff Fund develop dozens of "downlines", and he asked his friends and his customers to buy Madoff wealth management products.

He doesn't die, and these people won't let him go.

"We weren't sure how much money we would get back, so we invested it in Americaken's Field Centrie Hedge Fund, and they put that money into a fund managed by Madoff.

Yes, we are now urgently contacting the Field Centrie Hedge Fund. A spokesman for Korea Life admitted in an interview that they were also affected by the Madoff incident.

Korea Life Insurance is the second largest insurance company in Korea.

The Field Centrie Hedging Fund, a fund company that is deeply involved in the Korean market, in other words, specializes in Korean people.

There are about 20 asset management companies in Korea that put their money into the Field Centry Hedge Fund, which then sent the money directly to Madoff, and the Korean financial institutions lost about $1 billion in total.

Yesterday it was reviewed, and the crow will find the editor tomorrow to release it

(End of chapter)