The Son of Finance of the Great Age

  Chapter 513 Showing His Fangs (2)

  Although Chris has been quite well-behaved since his debut, he has not shown any signs of publicity, but after all, he works for a large news organization, and it is impossible to not have two brushes. And he asked such a sharp question, and the content was extremely sensitive, which naturally aroused Zhang Xiaomin's extreme dissatisfaction.

   Fortunately, Zhang Xiaomin's dissatisfaction was only fleeting, and his face regained his composure. At this moment, he was rather curious to see how Zhong Shi resolved this thorny problem.

"Wow, this is really a sharp question!" Zhong Shi touched the tip of his nose, chuckled, and asked rhetorically, "You are implying that everyone who donates to his alma mater has a similar attempt Is it? If not, is it because of my Asian identity if it is only aimed at me?"

  Zhong Shi first dragged all the people who had donated into the water, and then talked about his Asian identity, implying that the other party's move was suspected of racial discrimination, which naturally meant making things bigger and bigger.

"No, no, no, Mr. Zhong, you have misunderstood me!" Chris Snetti naturally did not dare to bear such a serious charge, and hastily denied, "Of course I don't think so, but now there are Regarding similar rumors, I would like to take advantage of today's rare opportunity to verify it with you in person, and if there is a misunderstanding, I would like to take this opportunity to clarify."

  Because it is a live broadcast, Chris Snetti is naturally unwilling to give others the blame, because it will not only affect him personally, but the organization he works for may also be subject to demonstrations and protests.

The effect of the beating has already taken effect, Zhong Shi will naturally not continue to entangle, cleared his throat immediately, and said loudly: "This kind of statement is of course a bunch of nonsense! I believe you all know that the main focus of Tianyu Fund and I is on The markets in Hong Kong and the world, of course, we pay close attention to the domestic market, as we all know, the economic development of mainland China has been extremely rapid in recent years, and this is something that no rational investor will miss."

"At least so far, in addition to charitable funds, our focus in mainland China is mainly on high-tech companies and Internet companies, and participate in China's growth in the form of PE. Usually, we are based on relatively high valuations. Come to participate in the financing of the company, use the injection of capital and hire an excellent management team to promote the growth of the company, this is a mutually beneficial partnership to some extent.”

"In addition, Tianyu Fund has also maintained a high degree of attention in other industries. In addition to venture capital and private equity funds, we have also actively participated in the IPOs of mainland companies in the Hong Kong market. Last year, we became We are the cornerstone investors of 8 large mainland companies issuing new shares in Hong Kong. This also shows that we are deeply involved in the process of China’s rapid development.”

"Of course, the reason for explaining this only represents our optimism for the Chinese market. In fact, in any commercial activities of Tianyu Group and its subsidiaries, we will not only strictly abide by business ethics, but also will not cross the red line stipulated by the law. , This is the most basic requirement. Therefore, you said that the donation funds are for the purpose of making friends with powerful people. I can tell you clearly that I have reached a consensus with the Board of Trustees of the University of Chicago on the right to recommend I will not recommend any foreign students from mainland China, I believe this alone is enough to eliminate the misunderstanding between us."

  When he heard that Zhong Shi gave up his right to recommend, Chris Snetti knew that he had lost, and he had lost quite thoroughly. He was also refreshing, and after quickly saying "Sorry", he passed the microphone to Sean Bonner.

"Wow, thank you Mr. Zhong for your wonderful answer, it's really impressive." Sean Bonner made an exaggerated expression, which immediately aroused the laughter of several people, and also diluted a lot of the smell of gunpowder just now. Obviously He's very good at setting the tone for a conversation.

After easing the tense atmosphere, Sean Bonner quickly revealed his own question, which was naturally quite sharp. First, he provoked the incident eight years ago, "Mr. Zhong, I heard that You defeated a group of hedge fund bosses including Soros in the financial crisis of 1998, don't you plan to say hello to these old friends here?"

  Although literally speaking, these words are not too problematic, but Sean's sinister intention is to remind those bigwigs who are still active in the financial market that this guy has finally shown up in public, and the opportunity for revenge has come.

"They are my old friends?" Zhong Shi suddenly revealed a trace of sarcasm, and immediately refuted Xiao En's statement unceremoniously, "They are all great fund managers, but at that time my views were completely different from theirs. Different differences, so it just became an opponent at that time."

"It's well known that it's normal to see differences in the market, and you shouldn't be surprised. You know, right now, I'm afraid I have a different view on the U.S. economy than most people in the market, so it's not a big deal, is it? ?”

"Okay, it was just my greeting. Since Mr. Zhong doesn't want to mention it, let's skip it." Sean was also quick-witted. Seeing that the other party was not up to the trick, he stopped pestering him immediately, "Now it's time for my question. Time, I noticed that you just said that your views on the US economy are different from most people in the market, which surprised me very much. May I ask why this is and what is your view on the US economy?"

  He thought he had caught the focus of Zhong Shi's words, and he was still complacent, but he didn't know that this was one of the topics that Zhong Shi had prepared to throw out long ago, with the purpose of triggering the following content.

   It must be noted that after 9.11, the Federal Reserve began to implement quantitative policies, because the decline in long-term interest rates caused funds to flow to the production sector on a large scale in order to seek higher returns. Driven by this policy, the U.S. economy began to experience a period of brilliant growth. In 2004, the GDP growth rate reached an astonishing 3.9%, and in 2005 it reached 3.2%. , the inflation rate is also controlled at a low figure. It can be said that all kinds of economic data are exciting, and driven by the economic growth of the United States, the entire world economy has shown a trend of rapid growth. In this case, if you say that your views are different from most people in the market, you are either crazy or have unique views.

   Apparently, Sean wouldn't think that Zhongshi was the former.

"This must start with my paper, which is the Gaussian function formula that is widely used in the credit default swap market. To be honest, before this, I did not expect this paper to have such a wide range of applications. However, I am very pleased to see that my research is recognized by others. But the problem is that this market has seriously exceeded the range that the market can bear. If this market collapses in the future, the consequences will be extremely dire and dangerous, and even affect the development of the U.S. economy."

  Zhong Shi frowned slightly, and after pondering for a while, he said something that seemed alarmist.

"So, what do you mean?" Sean was stunned for a moment, and after quickly organizing his remarks in his mind, he asked, "What you are talking about is actually the so-called credit default swap market, not the US economy. ? Do you think that if a certain financial market collapses, it will affect the operation of the entire US economy, is that true?"

  Hearing Zhong Shi's words, Zhang Xiaomin and Chris Snetti were also stunned, but it wasn't just them, even the traders in front of the TV were also stunned. Although people are advocating crisis theory on TV every day, most of them are considered from the perspective of macroeconomics, and no one will say that a financial market collapse will affect the entire US economy. To them, it was both fresh and a bit exaggerated.

  However, this aroused their interest even more, and now these people pricked up their ears to see how Zhong Shi continued to explain.

"That's right!" Zhong Shi didn't deny it at all, and admitted it straight away, and then explained slowly, "Since the credit market has pricing, it can contract any commodity market, covering all aspects of economic activities, so if If there is a crisis in this market, it will definitely affect many industries. For example, if there is a crisis in the real estate market, markets including bonds and insurance will be affected. If it is serious, those large investment banks will be involved, affecting the entire financial chain. At that time, won’t it affect the operation of the entire economy?”

"Of course, this is just a metaphor. In my heart, I hope that the U.S. economy can continue to prosper for a long time. But if that day really comes, I hope that public opinion will not attribute the cause of the crisis to my thesis. This is absolutely wrong. Fair."

   Speaking of which, Zhong Shi habitually touched the tip of his nose again, as if laughing at himself, but also as a warning. As for what it meant, no one else could guess.

"Speaking of the financial market, a big event has happened in the financial market recently. I wonder if Mr. Zhong has heard of it?" Ignoring Zhang Xiaomin's winks one after another, Xiao En firmly grasped the microphone and asked questions one after another. Come out, "Market rumors said that last month, a fund named Undead Flower suffered a huge loss in the natural gas market. It is said that the amount reached a staggering $8 billion, and their positions once reached the number of open positions on NYMEX. Even so, the losses they caused were finally digested by the market and did not harm the natural gas industry. I think Mr. Zhong would not have the same idea if he had heard of this case. "

   Sean was naturally not reconciled to being persuaded by Zhong Shi just like that. He rolled his eyes and talked about the major events that have caused a sensation in the financial world recently. He originally wanted to use this incident to refute Zhong Shi's point of view, but he never imagined that Zhong Shi in front of him was one of the culprits who caused the major crisis of the Evergreen Fund, and he was not even the culprit. Too much.

Although the Everlasting Flower Fund still has billions of dollars of funds left on its books after a huge loss, and Nick even wanted to continue to operate for a while, but investors have no choice but to have extreme feelings for the fund managers of the Everlasting Flower. Not trusting them, they asked for redemption one after another. Under this pressure, Nick had to declare liquidation and closure, and the Everlasting Flower Fund has completely become a thing of the past.

"Wow, this is indeed a good example." Zhong Shi smiled, without the slightest pressure on his face, because what Xiao En said was exactly what he had just experienced, and he explained lightly, "First of all, I must To correct your mistake, according to our calculations, the total loss of the Evergreen Fund is between US$6.6 billion and US$7 billion. Secondly, the Evergreen Fund misjudged the market conditions, ignored the fundamentals, and wanted to use its own The power to manipulate the market has led to today's situation. For the natural gas market, the impact of the futures market has sufficient rules and restrictions, so even if a crisis occurs, it will only affect a very small aspect. The most important thing is , it has enough substitutes, so even if the natural gas market collapses, it is unlikely to affect the operation of the entire economy, after all, it only accounts for a quarter of the energy market."

"Between US$6.6 billion and US$7 billion?" Sean glanced at Zhong Shi suspiciously, and raised the question that most people in front of the TV had in mind, "Mr. Zhong, please forgive my presumptuousness, but I am very curious, you How do you know that the other party has lost so much and is so accurate?"

  When asked here, Zhong Shi showed a sincere smile for the first time. He stared at Sean for a moment, then turned his eyes to the camera, and said word by word: "Because we are opponents who never wither!"

   Thank you book friend Huan Ge for voting for the monthly ticket! I'm busy as the Spring Festival approaches, so I'm sorry that it's even later today...

  (end of this chapter)