Reinventing the Millennium.

Chapter 691 Mr. Li, Long Time No See (Two in One)

On October [-]th, the first working day just after the National Day holiday, ICBC, Fang Zhuo, and Paulson successively received opinions from the leaders of the China Securities Regulatory Commission on this strategic cooperation.

--No comments.

This is the best opinion.

When Fang Zhuo informed his partners of this opinion, Zhang Hongli, who was far away in Frankfurt, was very happy. Gary of the United Bank and Emily of the Mutual Bank, who were still in the capital, even proposed to hold a party to celebrate.

Fang Zhuo ignored the foreigner's proposal, but urged them to do a good job in their work. By the way, he took this opportunity to let Kong Yu talk to the two banks about the cooperation between the fund and them in financial business.

MIGA Fund is now the largest brand, but in fact, according to the compliance requirements of different states and different businesses in the United States, it is using affiliated companies to do things. This is also an important reason why Kong Yu’s salary is getting higher and higher but his hair is getting less and less. .

In addition, Kong Yu even felt fearful after in-depth research because of the financial derivative product CDO collateralized debt obligations, which is another important reason for the dwindling hair.

He also specifically talked to the boss about this when he returned home.

MIGA Fund has an affiliate company that specializes in helping banks resell CDOs. An important client is Washington Mutual Bank, which is mainly looking for institutional buyers for financial derivatives that package bonds, subordinated bonds and other securitized assets.

Many institutions in New York are good at this, and Kong Yu is a person who prefers to explore the root cause, so he also has to be confident in promoting his own business.

In this process, although CDO can provide expensive fixed income and beautiful risk protection on the surface, the more he analyzes its existence basis, the more afraid he becomes.

"Mr. Fang, this CDO can even use 500 million assets to support more than 2 million financial derivatives."

"Boss Fang, the leverage has increased by more than 40 times!"

"Also, this is not the final lever! They're still going up!"

"But, but, the foundation of these 2 million and 3 million yuan is only a million-dollar real estate. Once...the foundation fails, the entire system is at risk of bursting!"

Kong Yu found Mr. Fang at night, and he was a little excited when he talked about this.

"No, Kong Yu, the real estate is valuable, and the credit of the institution is also valuable. You can't just focus on that piece of land." Fang Zhuo pointed out the problem, "Hezhong Bank and Mutual Aid Bank all have credit guarantees."

Kong Yu said in a low voice, "I'm afraid of causing a chain reaction."

"What are you worried about? Worried about the US financial system? Kong Yu, Mr. Kong, think about what you are talking about. If you say it, others will laugh at you." Fang Zhuo said with a relaxed smile.

Kong Yu stopped talking. He had really seen its strength in the United States in the past few years, so he went back to China and told his boss that, in fact, the CDOs that MIGA Fund had acquired were quite popular. Could it be that everyone else is an idiot?
He was silent for a while, then said: "Boss Fang, I know, I just can't tell but I'm a little scared."

"Kong Yu, people, that's how it is. If you break through your fear, you will go up to a higher level. In the end, you will go higher and higher, and stand on the top of the building to see all the small buildings." Fang Zhuo encouraged.

Kong Yu imagined it for a while, then shook his head again and again: "No, no, Mr. Fang, I'm afraid of heights, I can't stand on the roof, Mr. Fang, I feel like I'm going to be a little depressed now."

"Are you depressed too?" Fang Zhuo was startled, "This needs treatment."

He hesitated to think, the department of MIGA Fund is quite important, the person in charge...

Seeing the boss's expression, Kong Yu hurriedly said, "It's just a description of the mood, Mr. Fang, you are right. A large number of CDOs have systematic credit guarantees, so it is difficult to go wrong."

He himself breathed a sigh of relief: "Unless there is a collapse of the scale of Lehman, unless the collapse of the nature of the Washington Mutual Bank we cooperated with, otherwise, there will be no major problems."

Fang Zhuo clapped his palms, and the gasoline people began to talk about systemic financial risks, naming Lehman and Washington Mutual, which is really a shortcut.

Kong Yu took a sip of tea, his stress relieved a lot, and his mind became active again. He suggested: "Mr. Fang, this time we have an investment cooperation with Goldman Sachs. Next time Paulson comes to China, can you help me with the investment Speak up and I'll see if I can chat about the CDO pitch."

Seeing that Mr. Fang was silent, he continued, "Goldman Sachs itself bought a lot of CDOs, but I haven't connected with Goldman Sachs yet. Mr. Fang, you really have to support me this time."

It doesn't matter if they are freed at ordinary times, but resources must be given at critical moments.

Fang Zhuo sighed and nodded in agreement. Boss Kong knew that he was not a good thing when he poured gasoline on his head, and today he is really extraordinary.

Fear fades, greed rises.

For a moment, he couldn't tell whether Kong Zong was making a request in order to retreat by talking about fear.

"Just remind me when Paulson comes to the capital again." Fang Zhuo pondered again, "I will introduce Brother Chaoyang to you in a few years."

Kong Yu was a little surprised why not now, but he didn't ask, but he was more and more happy that he could not only complete the investment in domestic banks this time, but also get on the line of financial derivatives with Goldman Sachs.

Fang Zhuo looked at the happy President Kong, thought about it, and asked, "Next week CCTV Finance invites me to talk about business topics, would you like to join us?"

Kong Yu shook his head again and again, he didn't need this kind of fame to cure his depression, as long as he had some pleasant achievements in his business.

"Okay, let's change to Zhang Xuebin from Meiling." Fang Zhuo made a regretful decision.

If Kong Yu was brought along, he would want to talk about finance, but if Zhang Xuebin was replaced, he would talk about home appliance chains.

CCTV Finance is going to hold a business interview with ten business leaders, and the topic is relatively loose.

Fang Zhuo received a call after recording the program with Yao Ming on the sports channel, saying that he just knew that he was in Beijing for a while, and he sincerely invited him to attend.

Hearing this meaning, he felt that this seemed to crowd out someone, so he politely declined.

But I couldn't bear to call three times and four times, and finally agreed.

The time is October thirteenth.

Looking at it now, taking advantage of Double Eleven is approaching, it would be nice to have a wave of official promotion.

At the same time, e-buy's advertisements on CCTV began to run in November.

Fang Zhuo reckoned that when it was time to record the program, he should also be able to hear the complete good news from Paulson.

E-buy's various work continues, and MIGA Fund's fundraising for Bank of China is also speeding up.

In the blink of an eye, it was NO.13, and there were only two days left before the half-month period that Paulson said at the beginning. There was no new news from him, and there were no relevant reports from various influential media.

On the contrary, there is news from the domestic side that the Bank of China may deliver funds in the near future.

Once the Bank of China gets the funds, the possibility of stopping it from the regulatory level will be much smaller.

Fang Zhuo was thinking about reporting the latest move to President Li, first using the progress of a hedge fund to prepare him so that he could delay the delivery time.

Halfway through the drive, we picked up Zhang Xuebin, the president of Meiling.

Zhang Xuebin also spent a lot of time in Beijing recently, because he participated in CCTV's entrepreneurial program and also attended industry conferences in Beijing, and gradually gained some fame under the blessing of the media.

He received the phone call from Mr. Fang last night. He heard the program of CCTV's ten businessmen, and knew that Mr. Fang was supporting him again.

After getting in the car, simply exchange greetings.

Zhang Xuebin asked about the show, and asked curiously, "Mr. Fang, who are the other eight celebrities?"

Fang Zhuo glanced at Zhang Xuebin and corrected him, "It's the other nine."

Zhang Xuebin was taken aback, and asked, "Has it changed? CCTV is inviting eleven people?"

"There are still ten." Fang Zhuo replied.

张学缤奇怪的进行了简单减法的运算，10-2=8/10-9=1。

He suddenly realized what was going on: "Mr. Fang, didn't CCTV invite me?"

"It's not uninvited. I asked them if they could bring people with them, and the answer was yes." Fang Zhuo said lightly, and then explained, "I didn't bring people alone. I heard that other people did too. The form is different. So stiff, the guests are quite famous, it seems that there is Li Jiacheng."

Zhang Xuebin understood that it is normal for a big guy to have younger brothers around him.

He quickly adjusted his mentality. Although there was a gap in the situation, the most important thing for him now was to accumulate fame and word of mouth. Boss Fang didn't mention anything else, and his business ability was recognized as strong.

After a while, Zhang Xuebin asked again: "Do you need to have an interview with Li Jiacheng and the others?"

He heard that Mr. Fang and the Li family didn't seem to be getting along well.

Fang Zhuo knew the elegant meaning when he heard the string song, and smiled slightly: "CCTV can't do anything else, it's very well thought out in this aspect, the format of the program is interviews one by one, not exchanges between big names."

Zhang Xuebin fully understands the format of the program segment by segment.

Fang Zhuo saw that he was a little nervous, and comforted him: "Just talk about the development of home appliances and market channels. You only need to talk about the normal work content, and that is a professional image. It's very simple. Well, you can also mention it if the industry cooperates with BOE to break through the upstream blockade." .”

Zhang Xuebin nodded. He didn't know how long it would take to record, but there was a lot to talk about.

Soon, arrived at CCTV.

Fang Zhuo and Zhang Xuebin received a warm reception.

Both of them have acquaintances in finance and economics. In particular, Fang Zhuo and the producer Hu Meng hadn't even started Yike when they met.

After the warm greetings, we stepped into the topic.

Although Fang Zhuo brought Zhang Xuebin to pick up a topic of home appliance chain, he always has the label of the Internet on him, not to mention, e-buy is also an e-commerce platform based on the Internet, so it is inevitable that he will still talk about the development of the Internet.

Fang Zhuo was asked this question and answered it.

"The Internet is developing very fast, which can be described as 'changing with each passing day'."

"We look at the three traditional portals, Sina, Netease, and Sohu, and they seem to be diverging in different directions."

"Sina insists on researching in the fields of news and content."

"Netease's game performance continues to be impressive."

"Sohu's entertainment is very impressive now."

"It's not that these three companies are not doing other things. For example, Sina operates "World of Warcraft", Sohu also operates the search engine Sogou, and NetEase is trying e-commerce of books, but they are increasingly providing users with more distinctive services."

"The three old companies have divided into three directions: content, games, and entertainment. What about the new three?"

"Baidu's search, Penguin's social networking, and Ali's e-commerce are all three directions based on the Internet."

"The direction of these new three companies is not a trend, but that they have already achieved something and will continue to grow bigger and stronger."

When Fang Zhuo talked about these three companies, his expression was very serious: "Google can't shake Baidu in China, MSN can't shake QQ, and eBay is almost killed by Ali. They have completed the accumulation of relatively large advantages in their respective tracks."

"Other Sogou, Dangdang, and Tesco still have a long way to go to catch up."

"It may never catch up."

"Because, what we can see and predict now is that platform companies like them are already using their respective advantages to infiltrate into other tracks after running through their own tracks."

Fang Zhuo finally concluded: "Looking around, the Internet is blooming, which is a good thing."

The host listened to Mr. Fang's extraction of the elements of the six representative Internet companies, and felt that he really deserved to be an industry insider.

She asked a question based on what Mr. Fang said just now: "Mr. Fang, you just said that it is difficult to catch up with Baidu, Penguin, and Ali. You also mentioned e-buy. We know that e-buy is made by you. Even if you do it, is it hard to chase?"

Fang Zhuo thought about it and said: "There are objective laws for the development of enterprises. Of course, I hope that e-buy can become synonymous with domestic e-commerce, but to be honest, there is still a long way to go between e-buy and Ali."

He leaned back and said with a smile: "Even I need to work hard to compete."

The host asked: "So, there is still hope to catch up?"

Fang Zhuo just smiled and stopped answering questions in this regard.

Seeing this, the host reluctantly threw the question to Zhang Xuebin of Meiling.

Zhang Xuebin answered the questions very seriously, but felt that the atmosphere was not as smooth as when Mr. Fang spoke.

Offline home appliance chains, online e-commerce, and what can be talked about are the hottest topics today.

Fang Zhuo also shared his views in a timely manner.

He did not cherish his own broom, and also interspersed with his views on some relatively ordinary opportunities. Not everyone is rushing to become Ali's level, and many people are thinking about wealth opportunities in the current era.

It took nearly two hours of intermittent recording before it was over.

It is said that a half-hour program will eventually be cut out.

Fang Zhuo made an appointment with Hu Meng and the director who showed up, and planned to have a larger-scale dinner before he left Beijing.

In the evening, Fang Zhuo, Zhang Xuebin and their assistants went to the parking lot, ready to leave.

However, just after walking out of the building, an acquaintance in the parking lot happened to get out of the car.

He said he was familiar, but in fact he was not that familiar, but to a certain extent, he was indeed familiar from a distance. After all, he had dealt with a lot of business in the past two years.

It was Li Jiacheng and Zhou Kaixuan who arrived.

In the car, Fang Zhuo boasted that CCTV would make arrangements, but he didn't expect to meet here.

He and Li Jiacheng had met once in Shencheng, and they could recognize each other.

Standing on the steps, Fang Zhuo looked at the richest man in China against the setting sun, nodded and smiled actively.

Compared to Li Jiacheng's natural smile, Zhou Kaixuan next to him was a little unnatural.

Two groups of people quickly came to the front.

Fang Zhuo greeted: "Mr. Li, long time no see."

"It's not too long. I often hear news from Mr. Fang, um, your real estate is very powerful." Li Jiacheng stopped, without any politeness, and directly commented on the "East China Property" that has caused troubles in the East China market recently. Tiger" Yongke Real Estate.

"Compared to Mr. Li's real estate, this is really nothing." Fang Zhuo laughed.

Li Jiacheng asked slowly: "I don't know what is Mr. Fang's great witch?"

Zhou Kaixuan stared closely at the young CEO in front of him.

Fang Zhuo laughed loudly: "I won't tell you."

Li Jiacheng smiled, nodded again, ended the chat, and left.

Fang Zhuo also took people into the car.

"I don't know why, Mr. Fang, I'm sweating." Zhang Xuebin said as soon as he got in the car.

Fang Zhuo glanced at Mr. Zhang, feigned anger and said, "You dare to make Mr. Zhang sweat, I will report back."

Zhang Xuebin was stunned: "...Not really."

Fang Zhuo rolled down the car window: "Well, he didn't even say hello to Mr. Zhang. It's so annoying. Don't worry, Mr. Zhang."

Zhang Xuebin felt a little taste, in fact, it has nothing to do with him, the biggest reason may be that Mr. Li got out of the car with his right foot first.

Besides, Boss Fang didn't say hello to that Zhou Kaixuan, who looked at Boss Fang very badly...

This is really when it's time for retribution.

Zhang Xuebin looked at Boss Fang's expression, and after thinking about it, the other party generally said that it was probably, if not, then not.

(End of this chapter)