My Age of Investment

   Chapter 1189 Awesome, my country

   The next day, Xia Jingxing went to the New Poly Building in Dongcheng to visit Lou Wei with a pile of materials.

   Lou Wei seemed very happy about Xia Jingxing's arrival.

   After he greeted Xia Jingxing with a smile and took his seat, he did not rush to look at the fund performance return materials on his desk, but began to greet the younger generation like a gentle elder, showing concern everywhere.

   "Xiao Xia, the international financial market is very strange, haven't you encountered any difficulties in the past six months?"

   "If you have any difficulties, you can directly bring them up. You don't need to worry about it. Whether it is at home or abroad, we will try our best to help you coordinate and solve it."

  …

  Xia Jingxing sat on the sofa with a smile on his face.

   He knew that Lou Wei's remarks were not polite, but intimate from the heart.

   After stepping on the two big thunders of Blackstone and Morgan Stanley, Vision Capital pulled a game back for the CIC.

   can not only erase the floating losses of two large investments, but even have surpluses.

   With Envision Capital all the way in the international financial market and its reputation, Lou Wei's evaluation of "selecting talents and appointing talents" is still worthy.

   Therefore, for Xia Jingxing's unique show, he must take good care of him.

   Besides, Xia Jingxing still has a good pattern and knows how to share the worries for him and the country.

  Foreign banks have already decided that the next step is to clear their positions and sell the stocks of Chinese banks. It is also the young people in front of them who stood up without hesitation and expressed their willingness to work with CIC to support the market.

   So talented, ambitious, and respects himself very much, who doesn't like a young man who comes to visit him just after returning to China before his **** is hot. .

   After a while of gossip, Lou Wei talked about the glorious history of Lehman Brothers in mainland China.

   "Lehman entered the mainland in 1993 and set up an office in Beijing. It underwritten bonds for China Construction Bank that year, creating a precedent for Chinese companies to issue private placement bonds overseas.

   Since then, the first overseas dollar bond of the Finance Yamen, the listing of Huaneng Power, and the first Yankee bond of the China Development Bank... are all handled by Lehman.

  In the past 15 years, Lehman Brothers has made great achievements in investment banking, VC, PE, stock investment and asset management with its skilled financial skills.

   I heard that you have now acquired Lehman Asia. Do you have any idea to build a large international investment banking group to fill the blank market left by Lehman? "

  Xia Jingxing has completely understood that he wants to vigorously develop his investment banking business and become a guide for future government enterprises and even Chinese-funded enterprises to finance and acquire in the international financial market!

   Although the idea is good, it is difficult to put it into practice.

   He smiled bitterly and said, "Mr. Lou, this matter... we still need to think about it in the long run."

   Lou Wei asked calmly: "Are you scruples of influence, worried that the Chinese capital is too strong?"

"no!"

  Xia Jingxing shook his head, and then explained: "Why did we only choose to acquire Lehman Asia, but not Lehman America and its European subsidiaries?

   Because at this stage, we simply cannot digest it.

   Take the U.S. market as an example, Goldman Sachs and Morgan Stanley are both veteran investment banks that have been based in the country for a century, and their relationship with the upper echelons is deeply rooted, even the finance ministers are trained by them.

   And we have close cooperation with these two investment banks, it is not good to rush into other people's territory. "

   This is the real reason why Xia Jingxing did not buy Lehman Brothers as a whole.

   It’s not that the money can’t be taken out, but it’s acquired, and it can’t be played at all.

   Better not to humiliate yourself.

   Now they are working well with Goldman Sachs and Morgan Stanley, and there is no need to be filthy because of an investment banking business that is "not very profitable".

   Lou Wei understood, nodded lightly, and then asked: "Then you acquired Lehman Asia and became a peer with Goldman Sachs and Morgan Stanley. Will it affect your partnership?"

"Will not!"

  Xia Jingxing said with a smile: "Lehman Asia is still the one that Goldman Sachs helped us to facilitate the acquisition. As long as we do not develop in their most important US market and threaten their market position, we can still coexist peacefully.

   Because in their opinion, as long as they can make money, even Satan can cooperate. "

   Lou Wei looked thoughtful, as if he was thinking about the deep-seated intentions of Envision Capital's acquisition of Lehman Asia.

   Before he could ask, Xia Jingxing took the initiative to tell it.

   "Lehman is like a giant, even if he falls down, no one can drag his corpse.

  The United States and Europe have powerful financial institutions, which will naturally fill the blank market left by Lehman.

  Only the Asian market, I think Envision Capital has the ability to try it.

   We rely on the mainland market, and through the window of Hong Kong Island, we can gradually cover the entire Asian market.

   Once we have fully grasped the legacy of Lehman Asia, we may be able to use this as a springboard to try to enter other markets.

  An influential Chinese-funded international financial institution can respond to the call of the state and help more Chinese-funded enterprises to go global. "

   Lou Wei laughed, he didn't need to mention too much, just a little bit, Xia Jingxing would be able to draw inferences immediately.

   That's right, the great success of Envision Capital's hedge fund in the international financial market made Lou Wei and those above him see a good opportunity.

   Hedge funds make money quickly, but only generate returns for GPs and LPs.

   And an excellent investment bank can match and operate hundreds of large projects, and the impact is far beyond that of a hedge fund.

  The annual profits of Goldman Sachs and Morgan Stanley are only a few billion dollars, but their status and importance are higher than many more profitable companies.

   Lou Wei said lightly: "According to the relevant data, Lehman Brothers has secured the top spot in terms of transaction volume for foreign investment banks in mainland China in the past two years, and acted as the lead underwriter or financial advisor for many large-scale projects of Chinese companies.

   Including the lead financial advisor of Chinalco and Alcoa's acquisition of the stake in Rio Tinto UK this year;

   Huaneng’s exclusive financial advisor to acquire 100% equity of Singapore Tuas Energy Company for S$4.2 billion;

   Sole global coordinator of Sinopec's US$1.5 billion convertible bond project;

  Joint bookrunner of Huaxin Bank's H-share listing last year.

   Our own investment banks, such as CICC and CEFC, have been in their own pools, lacking overseas influence and unfamiliar with overseas markets.

   In addition, the official color is too strong. For a long time, foreign investment banks have been undertaking our major overseas projects.

  We paid a lot of tuition during this period, so we always hoped to create a private investment bank of our own in China.

   In this case, many projects can be safely handed over to this private investment bank, and will not be over-interpreted and rejected by others. "

  Xia Jingxing nodded, he understood Lou Wei and the official difficulties.

  If you buy a mine in Australia or South America, and the government sends Zhongjin to talk about it, people may think that you are unprofessional, not famous, and you are an official company, and they are unwilling to talk to you.

   Then we can only entrust the task to foreign investment banks such as Goldman Sachs and Morgan Stanley.

   But these institutions are not good birds. They often dig holes without saying anything, and they have to eat the next home.

  The Song family of Huaxin Pacific was played round and round on the Australian dollar contract, which is a vivid example.

   There is a private investment bank with international influence and professional level, which can allow Chinese-funded enterprises to go overseas and avoid many pitfalls.

   But the premise is that this investment bank is trustworthy.

   In Lou Wei's view, Xia Jingxing is a good comrade who can stand the test of ideology. He can be assured of this task, and so can the leaders.

   "The leaders above attach great importance to you, saying that you are a rare talent in both finance and technology! We must pay more attention and help you!"

   Looking at Lou Wei's encouraging eyes, Xia Jingxing knew that Lou Wei's leader, needless to say, must be an elder.

   "The leader is too good! Since we have entrusted such a major task to us, we will do our best to complete it."

   Lou Wei waved his hand, "Don't worry! This still has to be combined with your own actual development situation and the external situation, and accumulate it bit by bit. Haste is not enough.

   Now your hedge fund is doing well and has made great contributions to the preservation and appreciation of the country's foreign exchange.

   On the basis of doing a good job in hedge funds, you can do a good job in your investment banking business.

   Take your time, start from the mainland and Asia. "

  Xia Jingxing nodded hurriedly, his thoughts drifted far away all of a sudden.

   He acquired Lehman Asia like a piece of junk. He originally thought that it was to open up one part of the financial industry chain, just to connect the IPO listing of the invested projects of VC and PE funds in the future, and the refinancing of the secondary market.

  As a result, now Lou Wei has delegated such an important task to them, and his expectations for Vision Capital are really high!

   means that the future Belt and Road and Maritime Silk Road will open the door to them, but only if the development of Vision Capital can keep up.

  Mines in South America and Africa, ports in the Indian Ocean, hairy bears, oil fields in the Middle East…

  The world is so big, you can follow along to see it.

   The size of the financial business depends entirely on the strength of the country behind it.

   is amazing, my country!

   When 1.4 billion people can shout this sentence in unison, it means that the great rejuvenation of the nation has reached a new height, and Chinese-funded enterprises will also take to the world stage collectively.

   (end of this chapter)