Reborn Entrepreneurial Giant.

Chapter 141 Xiangjiang Investment Management

"Hua Investment invests in Morgan Stanley, what are you asking me to do?" After Qu Li and Wu Hongning met, nothing good happened. The operation of a sovereign investment fund like Hua Investment was not transparent at all. Later, no one even knew what Hua Investment was doing. .

If you want to say that they do it for confidentiality and financial security, that would be too self-deceiving. Confidentiality is required before investment, but also after investment?Perhaps because they don’t want to see the irresponsible accusations from the Chinese people, Blackstone Fund fell below the issue price when it was listed, and now it has to invest nearly [-] billion US dollars in Morgan Stanley. It took more than ten years to recover the capital.

"I'm just mentally unstable. I want to ask you." What Wu Hongning didn't say was that he thought Qu Li was his lucky star. Ever since he met Qu Li, Wu Hongning had changed his mind and jumped from Zhao Banking to Huatou. Although relationships are important, , but you also need to have excellent strength yourself.

The private placement that Wu Hongning promoted and set up at Zhaoshang Securities and that Qu Li was responsible for has now been liquidated and all of it has been bought into treasury bonds.The two-year return rate is approximately 600%, ranking first in the country. Before 2007 is over, Zhang Yiwen's team has cleared A-share positions one after another. The ultra-high yield has attracted a lot of attention in the industry.

Wu Hongning indirectly proved his strength, and the intensifying subprime mortgage crisis directly proved his ability.

"If you ask me, just wait. The subprime mortgage crisis has just begun. You have to wait until this crisis really affects these Wall Street giants before taking action."

"But some opportunities once missed will never come again."

"Is Huatou's purpose to make money, or is it to learn the inside story of American finance through Morgan Stanley so that it can control the global financial system in the future?" Qu Li couldn't figure it out.

"I just want to maintain and increase value..." Wu Hongning said slowly.

China's investment in Blackstone and Morgan Stanley does not require voting rights. It is said to have strategic significance. Is it a strategic loss that deceives Wall Street capital and makes them look down on Chinese financial people?

"If I definitely don't invest, I have no choice but to add fixed-dividend preferred stocks and free common stock warrants, set a maximum subscription price, and there is no minimum subscription price..."

"Are you kidding? Who is playing with you like this?"

"..." It is indeed rare and strange. This is what Buffett does. Next year, Buffett will invest in Goldman Sachs, making money and gaining a good reputation.In contrast, China Investment not only lost money, but also suffered a double blow and ridicule because the United States changed the rules of the game.

“Is the subprime mortgage crisis really that serious?”

"Anyway, I think a bigger crisis is hidden behind it. You should investigate the real reasons behind Morgan Stanley's capital replenishment. How big are their real risks?"

"Hey, where do their risks come from?"

"Have you forgotten what you bought in the United States?"

"CDS?"

"If you think about the current situation of the CDS market mentioned before, how much leverage do they have?"

"The same property was used as the target to make 10 CDS products? I understand, these people are too courageous, how dare they do this?"

Qu Li didn't ask him what he knew. Anyway, it had nothing to do with him. Even whether Jumei went public or not, the impact on him was very limited. If he really wanted to be optimistic about Jumei, he would spend his own money and create a future.It is enough that the U.S. subprime mortgage crisis is good for him.

Wu Hongning, who was inspired by Qu Li, flew directly back to the United States. It would be much easier if he knew the direction of the investigation. Damo probably concealed it or was unaware of their possible crisis.

After returning to Pengcheng from Xiangjiang, I first went to the BYD OEM factory to see the situation, and then met with Zhang Yiwen to discuss future development. Whether she should do private equity or go to Xiangcai Securities to seize power.

"Do you want to fully acquire Xiangcai Securities or do you just want control?"

"I have long said that I don't want to be a financial tycoon. Xiangcai Securities is just a tool that can be used by me. I even want state-owned assets with certain strength to provide us with other resources to join us and become our long-term collaborators. .”

"So you don't want to eat alone?"

"Rather than making money, I want to do something practical."

“Are you sure Lehman Brothers will exit?”

"They have no choice."

“What about Lehman Brothers’ domestic investments?”

"Whether it is Honor or Jumei, Lehman and I have signed a mandatory repurchase agreement. Even if extreme circumstances occur, it will not affect me and the core assets."

"I mean Lehman's other domestic investment projects..."

"What do you mean?"

"Forget it, don't worry about it, your Vision Fund now has 30 billion..."

"Yes."

"You won't let Chen Danlin..." Zhang Yiwen didn't know why she asked this

"I'm selfish..." Qu Li has been a scumbag for a long time and is not embarrassed at all.

"I'd better join Xiangcai Securities, but you have to hand over the 30 billion to me for management."

"Yes, but you must explain the purpose before using the funds." You can use it, but you must get Qu Li's consent. Hypocrisy, man!

"This is what I think. Our team will independently join forces with Xiangcai and Zhao Merchants to set up a private equity company. You will invest money to become a GP. When the time is right, you will become the major shareholder of Xiangcai, and I will join Xiangcai..."

Qu Li felt something was wrong. Was she trying to lay eggs by borrowing a chicken?

"Can you invest strictly in the direction I specify?"

"Of course!" Zhang Yiwen agreed now and will bargain later.

"Okay then!" Qu Li doesn't care. Even if he loses control in the end, he will most likely not lose money. As for the smart phone and pure electric vehicle industry chain, he has this ideal, but he will not force it.

Zhang Yiwen, Xie Hailiang and others have officially submitted their resignation applications. They will officially leave their jobs after receiving their year-end bonuses at the end of December this year and start their own businesses.

Xie Hailiang is an analyst at Zhaopin Bank. He “joined” Qu Li last year and published many analytical articles that were bullish on A-shares. The industries listed in them all experienced very large increases. After clearing positions in October this year, he began to bet on A-shares. We believe that the risks and bubbles are too great, and we particularly remind investors to pay attention to risk control and not to touch Zhongshiyou...

How many people can be persuaded is unknown. Just like when financial media publish Qu Li’s interview report online, how many people will take a serious look at it?Dazzled by the [-]-point bull market and the money-making effect, Liao Cai still despised Qu Li in the forum for leaving the market too early, because the stocks he revealed in the interview continued to rise after he cleared his positions, and he made less than twice as much profit.

But by next year, Xie Hailiang will become a top analyst in the industry because of his foresight, just like Ren Mou, chief economist of a large company later.This kind of person is still very useful and can attract more leeks. Wrong, they are investors.

Zhang Yiwen even arranged for the shares of this new private equity company to be 10% for the management team, and [-]% each for Vision Fund, Xiangcai, and Zhaoxing Bank.Qu Li met Wu Hongning's successor in Pengcheng. He was a very easy-to-talk person. He made an appointment to continue cooperation in the future and had no objections to Zhang Yiwen's private equity establishment called Xiangjiang Investment Management Co., Ltd.