Through the wealth life

Chapter 994 Goldman Sachs Asia Pacific Branch
When Li Guangyu and He Jin were discussing the future development direction of Phoenix Group, Jiayi Building was holding a press conference to officially announce the listing plan of Xiangyu Culture Group.

Through the live broadcast of Jiayi News Channel, countless people and forces learned of the news. Shareholders who are more familiar with Xiangyu Culture Group are full of expectations, especially the shareholders of Xiangjiang. Stocks never lose money.

Some stockholders even complained that Xiangyu Culture Group should not have any roadshows, so that they would have more opportunities to grab stocks.

The head of the Goldman Sachs Asia-Pacific Division, Elanli Herrington, has worked in Xiangjiang for seven years. Goldman Sachs has also achieved good results in Hong Kong over the years, but the relationship between the American consortium and the Lee consortium has continued to deteriorate over the past two years, so that The relationship between Goldman Sachs and the Lee consortium has gradually become alienated.

Coupled with the development of Tianyu Financial Group under Li's over the years, Goldman Sachs has long been more competitive than cooperative with them.

In Hong Kong, it is currently dominated by HSBC, Tianyu Financial Group, Sun Hung Kai Securities, and Hong Kong Bank. Goldman Sachs is currently not as strong as these major securities investment companies in the Greater China region.

For example, when listed on the Xiangjiang stock market, Goldman Sachs is far from being able to compare with these companies as the company's IPO underwriter.

In fact, Elanli Herrington very much hoped to reach a strategic cooperation with the Lee Consortium, but unfortunately the Li Consortium itself entered this industry, and coupled with the confrontation with the American consortium, the Li Consortium and its allies were simply at odds. There is no plan to go to New York for listing.

On the Xiangjiang side, with the influence of Li's consortium and its allies, there is no need to cooperate with Goldman Sachs at all.

Li's consortium has been silent for many years since Jiayi Group was listed. The listing of Xiangyu Culture Group will definitely attract the attention of all parties. Given the level of profitability of this group, if it becomes the underwriter of this group's listing, Elanlie Herrington believed she would be able to make a fortune.

Seeing the huge profits but not being qualified to participate in it, Yi Lanli Herrington was very frustrated. This is only the second listed group of the Lee Consortium, and there are countless groups that may be listed later, and as the world's top Goldman Sachs, one of the investment banks, is not qualified to participate, which makes her very unwilling.

After sitting in the office and thinking about it for a while, Yi Lanli Herrington found out the phone number of Assistant Li Guangyu's office. She hoped to have a meeting with Li Guangyu to see if Goldman Sachs could reach an agreement on the listing of Xiangyu Culture Group this time. cooperate.

She knew very well that Le Yiling, the president of Xiangyu Culture Group, could not decide on this matter. Goldman Sachs could only participate if Li Guangyu agreed to the cooperation between the two parties.

Competition is competition, and Goldman Sachs doesn't mind cooperating when it can make money. She has some ideas in her heart, and she believes that she can persuade Li Guangyu to let Xiangyu Culture Group reach a cooperation with Goldman Sachs in terms of listing.

Too bad she didn't get a good response.Assistant Li Guangyu's office responded that Li Guangyu was not in the office at all, and it was not sure whether Li Guangyu would have time to see her.

After hanging up the phone, Ella Herrington called a high-level meeting of Goldman Sachs Asia Pacific.

At the meeting, Yi Lanli said: "Presumably everyone has heard the news that Xiangyu Culture Group is about to go public, and with the current market value of Xiangyu Culture Group, once it goes public, it will definitely become the company with the largest market value in the Xiangjiang stock market. I don't know what everyone thinks?"

The people present at the meeting were all elites, and they were very sensitive to news. Not long after Le Yiling announced the group's listing plan, these people knew the news.

It’s just that Xiangyu Culture disagrees with those companies in Xiangjiang and even in the Asia-Pacific region. They are backed by the Li’s consortium and have strong channels and powerful support behind them. They don’t need the assistance of their Goldman Sachs at all. As for the profits, they can only watch helplessly, how could the Li's consortium give them the profits of Goldman Sachs.

Now the situation of their Goldman Sachs Asia-Pacific branch is not very good, especially in the past two years, the competition between the Lee consortium, the Japanese consortium and the American consortium has become more and more fierce, and the relationship between the two parties has continued to deteriorate, which has implicated them a lot for Goldman Sachs.

Especially in Xiangjiang, those companies that want to go public are generally reluctant to contact Goldman Sachs, fearing that they will be attacked by the Lee consortium.

The deputy general manager of the Asia-Pacific Division said: "At present, I am not in charge of the affairs of Xiangyu Culture Group, but to solve the difficulties we are facing. As one of the three major divisions of Goldman Sachs, the situation in our Asia-Pacific side is the most embarrassing at present. If we cannot Improving the current situation, it is difficult for our branch to continue to survive.”

There are three branches in New York, London, and Xiangjiang. Needless to say, New York is the core of Goldman Sachs, and London has also achieved good development. Only their Xiangjiang side is under great pressure.

At present, several major Asian conglomerates are competing with American consortium companies in various places, suppressing the development of American companies outside the United States, especially in Asia. Many American companies have fallen into the sand and are forced to withdraw from the Asian market, such as Wal-Mart, such as home appliance companies. , such as some car brands, such as electronic products, etc.

The people present knew very well that if Goldman Sachs wants to change the situation in Asia, the most important thing is to communicate and cooperate with the Lee consortium and the Japanese consortium, so that they will not be isolated.

It's a pity that Goldman Sachs is also very embarrassed at the moment. The United States has reached a consensus on suppressing the Japanese consortium and the Lee consortium. It is absolutely impossible for the Japanese consortium and the Li consortium to climb over them. The American consortium is still looking for opportunities to continue Restrict the products of the Japanese consortium and the Lee consortium from entering the United States, and reduce the development space of these products in the US market.

If Goldman Sachs increases its cooperation with the Li's consortium and the Japanese consortium at this time, it will definitely be punished by major domestic consortia. No doubt, the California consortium and Morgan will not let go of such an opportunity.

In fact, Goldman Sachs is very unwilling to confront the Japanese consortium, the Lee consortium and the American consortium, especially their Asia-Pacific division. Such confrontation will deal a great blow to their development.

Elanli Herrington said: "At present, our group's senior management has discussed the development of the Asia-Pacific. You must be clear that no matter whether it is the American consortium, or the Lee consortium and the Japanese consortium, they are still businessmen in essence. A certain cooperation can be mutually beneficial and win-win, and you don’t mind working together, but you should be aware of the advantages of our Goldman Sachs, currently the largest financial center is in New York, and many companies prefer to list in New York.”

In fact, Yi Lanli Hailington was a little puzzled by Xiangyu Culture Group's listing place in Xiangjiang.

Although Xiangjiang is the third largest financial center in the world, its strength is not 01:30 worse than that of New York. She believes that if Xiangyu Culture Group chooses to list in New York, its market value will definitely be much higher than Xiangjiang.

Li Guangyu's approach did not maximize the benefits at all. He chose Xiangjiang to go public, which invisibly caused Xiangyu Culture Group to lose a large amount of market value.

(End of this chapter)