My 1999

Hugging Zhang Junning’s slender waist.

"I promised you that if you can develop LOHAS Fitness well, I will transfer Guowu Sports to you. Now that you are doing well, I will naturally fulfill my promise."

"My dear, the greatest luck in my life is that I met you." The beauty said emotionally.

Enjoying the beauty's silent warmth, Xu Liang smiled.

"Work hard. When you can increase the revenue of the two companies to 1 billion and maintain the net profit of the main business at 20%, I will invest another 200 million in you."

"real?"

"certainly."

Anyway, both Lohas Fitness and Guowu Sports belong to the Xu family foundation.

He is just left-handed and right-handed.

In the future, it will be his own son who will inherit this part of the assets. He will not be able to take advantage of outsiders, so of course he will be very generous.

"My dear, I will work hard to meet your requirements this year." Zhang Junning said quickly.

In her opinion, Xu Liang's investment benefited himself.

As Lohas Fitness and Guowu Sports develop further, her status in the business world and the money at her disposal will also increase.

In the future, when people are old and prosperous, having these assets will be enough to ensure a prosperous life.

Even if his daughter cannot inherit Xu Liang's top companies, LOHAS Fitness and Guowu Sports can still ensure continuous wealth.

Both people are satisfied.

Yangcheng Taihua City [Taikoo Hui] is the largest urban complex in Yangcheng built by Taihua in 2003.

Larger than Taikoo Hui in history.

The construction area is close to 500,000 square meters.

It includes a 210,000-square-meter shopping mall, a Grade A office building, a five-star Goodwood Garden Hotel, and two Fuhua Apartments.

After nearly four years of construction, Yangcheng Taihua City finally officially opened to the public in June this year.

In the first month of its opening, Taihua City’s revenue exceeded 200 million Chinese dollars.

It has not only become the landmark of Tianhe Business District, but also the most popular commercial pedestrian street.

Xu Liang’s visit this time was not for Taihua City.

Although this project has a huge investment and huge profits, it is not considered important in today's Xu family.

He quickly entered the presidential suite of the Goodwood Park Hotel and comforted Janine Chang, not long after.

Li Jinling walked in.

"Mr. Xu, they are here."

"Come in."

The door opened, and a middle-aged white man wearing a brown suit and gold-rimmed glasses stepped in, followed by several people who were obviously secretaries and followers.

"BOOS, good morning."

Xu Liang stepped forward and hugged the other party.

"Humphrey, we haven't seen each other for more than a year."

"To be precise, it should be a year and two months. We haven't seen each other since you left London for Paris last year."

Xu Liang patted his head in annoyance.

"My head is getting mushy."

"The companies under BOSS are developing rapidly, and there are more and more things going on. It's normal to forget even the smallest things." Humphrey complimented.

As Xu Liang became more and more powerful, especially the victory of the Tenglong Project, he saw with his own eyes the capabilities of his big boss.

Especially the fact that the British royal family came forward to raise oil prices almost shocked him.

So even though Standard Chartered Bank has developed rapidly under his leadership in recent years, he has become more and more humble in front of Xu Liang.

After smiling and patting his shoulder.

"Come and sit."

After the two sat down, Humphrey didn't hesitate and handed over the information he had with him.

"BOSS, this is the current merger and acquisition information of Guangdong Development Bank."

Xu Liang took it.

Standard Chartered has been paying attention to GF's bidding for nearly two years since 2005.

During this time, everyone was bidding against each other, recruiting stronger allies, and negotiating terms with the Guangdong Province.

Now we have reached a critical moment.

This is also the reason why Xu Lianghui came to Yangcheng in person from Magic City.

"The competition is fierce."

Humphrey nodded and said: "Currently, HSBC has been eliminated, leaving only our bidding group with Citibank and Société Générale."

HSBC signed an exclusive agreement when investing in Huaxia Communications Bank.

In addition to Bank of Communications, HSBC cannot invest in other Hua Xia Bank.

“Citi’s partners include Carlyle, China Life, State Grid, CITIC Trust and Puhua Investment.

Six institutions plan to hold Citigroup 20% of Guangdong Development Bank's shares and Carlyle 4.74%.

China Life Insurance holds 20% of the shares, State Grid holds 20%, CITIC Trust holds 12.85%, and Puhua Investment holds 8%.

They are the most powerful and currently the most promising team to win.

The Societe Generale bidding group mainly includes Sinopec Group, Baosteel Group, Canadian banks and investment institution Proparco.

They plan to invest 23.5 billion yuan in Huaxia Coin to bid for 85% of Guangdong Development Bank’s shares.

Industrial Bank holds 19.9% ​​of the shares, Canadian bank and investment institution Proparco holds 5%, and the rest will be held by Baosteel Group and Sinopec Group, the other two members of the bidding consortium.

Then there is our side, except for Standard Chartered Bank, Bank of Milan, Hanhua, Ping An Group and PetroChina.

Among them, Standard Chartered holds 19.9%, Bank of Milan holds 5%, and Hanhua, Ping An and China Petroleum each hold 20%. "

Bank of Milan was the bargaining chip thrown to Berlusconi in order to acquire Kaká from AC Milan when Xu Liang was in Europe last year.

It just so happened that Standard Chartered really needed a partner.

Although Bank of Milan is far less powerful than private equity institutions such as Carlyle and Black Rock, it is worse than it is easy to control.

Humphrey: "At present, among the three parties, our strength is about the same as that of Societe Generale. It is a little worse than Citigroup, but it is also limited."

"At the critical moment, we were almost out of the game." Xu Liang said.

"yes."

Glancing at him, Humphrey continued.

"BOOS, the people in charge of negotiations in Guangdong Province have sent word that if you are willing to put a BOE 8th generation line in Yangcheng, they are willing to give us more consideration."

Xu Liang was not surprised at all.

Official news spreads the fastest.

Although negotiations on his cooperation with Modu have just begun, the news has already spread.

"They really said that?"

"Yes."

Xu Liang narrowed his eyes slightly.

Including Standard Chartered's shareholding, Xu's shareholding in GF is only 40%. Why should he be allowed to release such a huge benefit?

"What do PetroChina and Ping An say?"

"They didn't say anything. They just said that no matter what we choose, they are willing to accept it."

"These guys are pretty smart."

"You make an appointment with their person in charge for me."

"OK."

"Has the contract with Wanwan Hsinchu Commercial Bank been signed?"

"Yes. For US$2.9 billion, we will fully acquire all the assets of Wanwan Hsinchu Bank."

Xu Liang nodded.

$2.9 billion is not expensive.

Wanwan Hsinchu Commercial Bank has 42 branches across the island, with total assets of approximately US$13 billion, more than 2.4 million personal deposit accounts, and 115,000 corporate and small and medium-sized enterprise deposit accounts.

It is the seventh largest private bank in Wanwan.

"With the acquisition of Wanwan Hsinchu Commercial Bank, Standard Chartered's business has completed its coverage of the entire Asia." Xu Liang said with a smile.

Humphrey also showed a trace of pride on his face.

Standard Chartered's Asia strategy is the foundation that he has adhered to since he became the group CEO.

In September 1999, Standard Chartered defeated its competitors Citigroup, HSBC Holdings and Singapore's United Overseas Bank and spent US$310 million to buy 75% of Thai Nakhon Ton Bank with total assets of US$1.6 billion and 67 branches in Thailand. Equity.

Then the two parties merged into Standard Chartered Bank [Thailand] Company.

Since then, Standard Chartered has kicked off its entry into the Asian financial industry.

Then Standard Chartered spent another US$1.34 billion to purchase Grindlays, a well-known international bank with total assets of US$7 billion, thus becoming the leading international bank in India and Pakistan and the second largest in Sri Lanka and the United Arab Emirates.

In August 2000, Standard Chartered acquired Chase Bank's retail banking and credit card business in Hong Kong for US$1.3 billion.

After acquiring Chase, Standard Chartered completely defeated HSBC in Hong Kong's credit card industry and became the bank with the largest card issuance volume.

These were just the beginning. Soon Standard Chartered acquired UBS, the global trade finance business outside of Switzerland.

Structured finance business in emerging markets of Canadian Imperial Bank of Commerce (CICB), Metropolitan Bank of Lebanon.

In 2001, Standard Chartered Group will spend US$154 million to acquire 9.76% of the shares of KorAmBank listed in South Korea.

Two years later, Standard Chartered spent US$3.3 billion to defeat HSBC in acquiring South Korea's First Bank.

Taking advantage of the opportunity that global banks had to shrink their business in East and Southeast Asia after the outbreak of the Asian financial crisis, Standard Chartered attacked from all sides and soon became one of the largest international banks in East and Southeast Asia.

“BOSS, if we can successfully acquire GF, Standard Chartered will become a world-class financial giant spanning more than 70 countries/regions, operating more than 1,500 branches and outlets, with bank reserves of US$400 billion, and more than 50,000 employees. Humphrey took the opportunity to encourage.

Xu Liang was very aware of his little thoughts.

However, expanding Standard Chartered's business and expanding its scale in the global financial market was originally part of his plan.

"How are you preparing for what you were asked to do?"

"With the assistance of Hongmeng, Standard Chartered's online banking business has developed rapidly and is now online, but there are not enough users yet."

"When something new comes out, it will naturally not have a large audience. It will get better in the future."

"yes."

"Humphrey, the Internet speed is getting faster and faster, and the number of global netizens is also growing rapidly. Online banking is a new growth point. Whoever can seize this opportunity will get greater development opportunities.

Don't let me down. "

"Don't worry, I will personally be responsible for the development of Standard Chartered's online business."

Xu Liang nodded slightly and asked, "How many subordinated bonds focusing on real estate are in Standard Chartered's investment portfolio now?"

"I don't have specific statistics, but there is still US$20 billion. You can rest assured that the real estate subordinated bonds held by Standard Chartered are all rated 3A, and the risk is very low."

Xu Liang had a look of ridicule on his face.

He personally presided over the major operation to turn 3B-rated real estate subordinated debt into 3A-rated real estate subordinated debt.

We know better than anyone what the trillions of triple-A real estate subprime bonds circulating in the U.S. market, no, I should say the global market, are.

"Empty all real estate subordinated debt held by Standard Chartered. Also, increase the down payment ratio of Standard Chartered mortgage loans from the current 10% to 20%.

The qualifications of home buyers are strictly scrutinized, and those who do not have a legitimate job or have insufficient repayment ability will be rejected.

Also, make an asset package of all low-rated real estate loans previously issued and sell them all. "

Looking at the big boss's calm and deep eyes, Humphrey, who was always known for his tough style in the outside world, swallowed and said carefully.

"BOSS, this may have a great impact on Standard Chartered's business, and it will also arouse questioning from many peers."

Now the whole world is going long on U.S. subprime mortgages, but Standard Chartered is short on you. What do you want to do?

"Humphrey, I am not negotiating with you this time, but you and Standard Chartered must implement my decision!"

Xu Liang waved.

Li Jinling handed over a stack of information.

"Take a good look."

Humphrey took it. He was fine at first, but his expression became more serious as he went on. At the end, sweat was dripping from his forehead.

"BOSS, are these all true?"

"Of course, if you don't believe it, you can go to any investment bank in the United States, buy a AAA real estate subprime debt asset package, and check it out in detail.

I guarantee that every loan in it will bring you a huge ‘surprise’. "

The information Xu Liang gave to Humphrey was the way he used the loopholes in rating agencies to join forces with Goldman Sachs and JP Morgan to turn 3B-rated loans into 3A-rated loans.

"These damn bastards, they are too bold. All European banks have been fooled by them." Humphrey gritted his teeth.

Looking at his angry eyes mixed with envy, Xu Liang knew that what this guy hated was not the boldness of American investment banks, but the lack of Standard Chartered in this lucrative business!

Xu Liang didn't reveal his thoughts.

“Starting this year, the United States began to issue housing loans to beggars and homeless people, and now even homeless people and beggars have been developed.

The smart Americans did not choose to end the game. They developed a new way of playing - copying.

CDO, collateralized debt obligation.

Every CDO bond is backed by real assets, such as home loans and car loans.

Now that home loans and car loans are no longer enough, investment banks have wisely chosen to copy them.

A real CDO bond can be replicated a hundred or even two hundred times.

Although these bonds are bullshit, if CDS are developed for these bonds and then buyers are found for these CDS, then everything will have value. "

CDS, credit default swap.

As a banker, Humphrey was familiar with how this new type of financial derivatives contract worked.

"BOSS, this is gambling!"