Reinventing the Millennium

The President Office of Hang Lung 23.

The sad place for short sellers, the bleeding place for Goldman Sachs people.

However, the most heartbreaking thing may be the agency executives who took the number and queued up but did not even enter the office.

It's like finally getting an expert's account, but the expert refuses to show it because it's blocked!

For a moment I didn’t know which one to blame more.

Why, what, why.

The question from Mr. Fang is actually easy to answer - for money!

But he couldn't say it, because Mr. Fang was also very good at refusing - he also wanted money.

It's all about money, what else can you say?

There was a brief silent stalemate in the situation. Flying thousands of miles away without getting a complete result, whether it is life or death, is always unacceptable.

Small and medium-sized institutions hate large institutions like Goldman Sachs that ignore rules and laws, but in the face of the tough attitude of Mr. Fang, they have to rely on the energy of large institutions.

"Mr. Fang, I am Ian, the director of Carlyle Group. No matter what happened in the past, I think we should use good communication to face the future together." As a voice from the back of the crowd broke the dead silence, the people in front who heard the company's name He gave up his position very consciously.

The Carlyle Group.

One of the top ten private equity investment companies in the world.

Headquartered in Washington, it has deep political resources and is known as the "ruling club" in the investment community.

People like Lao Bu and Xiao Bu and his son, former British Prime Minister Mason, and former Philippine Commander Ramos all once served as consultants or similar positions, and this group has retired.

There are currently relatively well-known counterparts in it, such as Levitt, the former head of the U.S. Securities and Exchange Commission, and Kennard, the former head of the Federal Communications Commission. These are all resources related to Yike's business and stocks.

When Fang Zhuo had public opinion exchanges with short sellers in the United States, Carlyle Group was completely silent.

However, after Yike announced the information on Friday night, this behemoth emerged. Similar to it, there are Bridgewater Associates, Man Group, and Dex Group. These three companies are basically among the top ten in the world and are also using their assets. Hedge funds quietly shorted Yike.

From yesterday to today, when Yike registered visitors, the information on the opponent's disk had become relatively clear, which really surprised Fang Zhuo.

How would you describe these institutions?

To put it simply, during the 2008 financial crisis, Goldman Sachs and Bridgewater were still making a lot of money, while Deutsche Bank did not lose much. As for the British Man Group, it suffered relatively large losses.

Making money and losing money in this crisis is no longer just a financial operation.

However, the "calm" encounter was "cold".

Yi Ke stabbed out all the big guys with a sudden blow.

The time was tight and there were only two weekend days. It would have been easier to negotiate in the United States. However, the person involved had already flown back to China, so he had to step out of his comfort zone and come to a foreign country.

Ian, the director of the Carlyle Group, saw that his words still did not receive a response from Mr. Fang, so he had to come up with another name.

"Mr. Summers asked me to say hello to you."

Former financial chief, president of Harvard University, now in charge of NEC.

And, this is also the director of the New York Economic Institute funded by Fang Zhuo.

Fang Zhuo still spoke, looked at the ordinary-looking Carlyle director, and said: "I didn't expect Carlyle Group to be interested in Yike. Mr. Summers needs to give you more advice. "

Ian said helplessly: "Maybe it's because Mr. Summers hasn't helped us analyze recently, and the group has many hedge funds, so it's easy to do wrong things. Mr. Fang, as you know, Mr. Summers is too busy."

His words hinted that Summers' "now" is in the White House.

Fang Zhuo nodded slightly: "Conference room."

There was a slight commotion among the short sellers.

Henry, the vice president of Bridgewater Associates, Grant, the director of Dezeen Group, and Ackerman, the director of Man Group, also took advantage of the situation and proposed the treatment of large customers.

The short sellers became even more commotion.

Fang Zhuo looked at this group of financial elites with a sneer and asked, "What other opinions do you have?"

The situation is stronger than the people. If you really have any opinions, you have to wait until the big organizations have finished talking.

The bears are quiet again.

But some people spoke out enthusiastically: "Mr. Fang!"

Fang Zhuo followed the sound and looked over.

"I must apologize to you." It was Andrew, the Wall Street bounty hunter, who spoke. He was not qualified to be a VIP, but he still had to contribute. "I should not have gone to the New York news station, should not have questioned the scene, nor should I have It’s time to doubt your words.”

“Yike is a great company!”

"The Mars series is destined to be a classic product in the mobile phone industry!"

"Based on this alone, Yike Company still has unlimited prospects!"

Andrew said sincerely: "Mr. Fang, I'm sorry, I was wrong."

He is one of the few people who has come face-to-face with Mr. Fang offline, and he is also the person who criticized Yike’s bubble the most online.

but……

What's the use of face? Isn't this time just to show your face to Mr. Fang?

Andrew felt the disdainful looks from some of his colleagues. He didn't realize the difference between 50 steps and 100 steps, but still looked at Mr. Fang firmly.

Fang Zhuo said "Yeah" noncommittally, "It's okay. He doesn't hold grudges in such a small scene."

Short sellers from small and medium-sized institutions were invited to the break room.

The Goldman Sachs vice president in the break room once again confirmed that it was just a superficial injury and then transferred it to the conference room.

There are five major institutions in the conference room: Goldman Sachs, Carlyle, Bridgewater Associates, Deutsche Bank, and Manxman.

Hang Lung 23 houses five of the top ten companies in the world.

This lineup alone is still enough to thrill most people.

But this is Hang Lung 23.

The conference room here has welcomed many guests over the years. Young Yike is fine, and adult Yike has nothing to be afraid of.

After the five VIPs were seated, drinking tea and chatting for a while, Fang Zhuo walked in.

He immediately looked at Philip of Goldman Sachs, who had a bandage on his head, and said concisely: "Telephone."

Philip took out his mobile phone, and it turned out to be Mars 2.

The screen is broken.

He didn't find out about it until then.

Ian extended a helping hand in a friendly manner: "I have Mr. Paulson's number on my phone, use mine."

Philip of Goldman Sachs used Carlyle's mobile phone to make an overseas video call to Emperor Paulson.

Today's front-facing cameras appear blurry during video calls, but Paulson still sees something amiss.

"Your head..." Paulson asked.

Philip replied succinctly: "It has nothing to do with Yike. It's no big deal if you encounter an unreasonable institutional client."

It’s not Yike’s fault for being beaten. Goldman Sachs has a fraud problem, and there may be some trouble in the future.

But it’s also Yike’s fault. If it hadn’t been for Yike’s short squeeze, the problem wouldn’t have arisen.

The most important thing is that Goldman Sachs has more than one client, and some details in related transactions are more questionable.

Today, the head of the SEC is taking advantage of the impact of the financial crisis to try to increase supervision. Even Goldman Sachs has been restraining its efforts recently.

This is one of the reasons why Goldman Sachs hopes that the Yike incident will end soon.

Fang Zhuo took the phone and greeted Paulson cheerfully.

Dabao is still very influential.

After a brief exchange of greetings, the two parties got down to business.

Paulson stopped talking nonsense at this time and said directly: "Yike violated the rules."

Fang Zhuo said seriously: "Learn from Goldman Sachs."

Ian in the conference room was almost stunned.

He turned his eyes and saw Goldman Sachs Philip's funny bandage and serious expression. He didn't hold back at all and laughed out loud.

Fang Zhuo glanced at Director Carlyle, walked out of the conference room with his cell phone, and went to the small office next door.

Philip of Goldman Sachs, Bridgewater Hunter, Grant, and Ackerman all looked at Ian with dissatisfaction.

Ian shrugged and picked up the cup. The coffee was good.

"The SEC will investigate Yike, and you won't be able to open the market on Monday." Paulson talked about the future with certainty.

"Then wait until the SEC investigation is completed before opening the market. Yike can withstand the investigation." Fang Zhuo said with a smile.

"The SEC's investigation can last for a long time. After a month or two, what you want will be meaningless." Paulson said flatly.

Yike will also face a ruling from the ITC.

Fang Zhuo sighed: "Paulson, many people have expressed this to me today. I also said it just now. I am waiting here to see how Yike dies. The Yike I founded, I watched it die. Not bad."

Paulson didn't believe it at all, and said pointedly: "Yike has a good prospect, with good technology and chips. I don't think you will let it die."

"Nokia wants it to die, Microsoft wants it to die, ITC wants it to die, it's not my problem." Fang Zhuo said coldly, "I'm surprised. Goldman Sachs has a big business and a wide range of businesses, just for such a small amount of money. Why are you nervous? Didn't you just make money from ICBC stocks?"

Goldman Sachs reduced some of its holdings in ICBC.

Paulson was slightly silent after hearing this.

He also heard that he was talking about Goldman Sachs' business in the East.

Needless to say, if you use chips as an example, you will inevitably encounter subsequent counterattacks.

In a sense, the head of Yike's immediate return to China is also a sign of determination and preparation.

The meaning of ice core to China is different. Goldman Sachs is just making money. It doesn't matter whether to make money in the East or the West, and it is not a mistake to put itself in trouble.

Moreover, Goldman Sachs is one of the shareholders of Bingxin, and they are still waiting for Bingxin to go public.

Paulson frowned and said: "Because Goldman Sachs has extensive business and we have always had good cooperation, so I made this call to prevent Yike from suffering greater losses. Do you think you made this money?" , how far can Yike, who has made enemies, go?"

Fang Zhuo asked rhetorically: "If I don't make this money, Yike will also make many enemies. The ITC is still waiting to rule on me."

"For Microsoft, Goldman Sachs can help coordinate. Nokia probably really wants you to die." Paulson said, "But didn't Yike sue Nokia after this ruling? As long as Yike follows up normally, The company can develop very well, so why are you making so much money now?"

Fang Zhuo suspected that he had misheard, but his English was always good.

What are you doing making so much money...

Maybe I want to buy two production lines first, and then... pay back the remaining money slowly.

Fang Zhuo was really stunned, and replied after a few seconds: "It's not about money."

Paulson: "?"

Fang Zhuo said with a serious face: "What I want is an attitude."

He continued: "It's an attitude of resolving the matter and an attitude of sincere apology. Some people on Wall Street have gone too far. ITC has gone too far this time. Since Yike is going to be banned, let's die together." .”

Paulson frowned: "Didn't you say that Yike and Nokia will reverse their strength after the new mobile phones? The sales of the banned models are all old models."

"I also said not to short Yike." Fang Zhuo pointed out the changes in the fundamentals. "Why did Verizon remove Yike mobile phones from the shelves early? Who is causing trouble?"

Paulson really doesn't know the answer to this question.

It would be great if he could figure out the ins and outs of Yike's short squeeze.

Communication between the two parties has not made much progress.

Paulson had to warn again: "Mr. Fang, as far as I know, the SEC is already discussing the investigation of Yike, and there won't be much time left for you. Instead of being so angry and irritable, it's better to get the harvest early. "

He threatened: "If you continue like this, I'm afraid you won't be able to come to the United States in the future."

"Then I'll wait for you in Shanghai for tea next time you come to China." Fang Zhuo was about to end the call, "Goodbye."

Paulson was silent.

Boom, the phone was really hung up.

Paulson called back.

He said simply: "Goldman Sachs can take down some American companies like Microsoft, and it can also try to influence the SEC's investigation, but the ITC's ruling is difficult to shake. Also, Yike may not be able to open the market on Monday, so you'd better be mentally prepared. , Goldman Sachs wants you to own 1% of the stock after the market opens."

Paulson no longer insists on settling the Yike incident by Monday and instead pursues Goldman Sachs' interests.

If Yike opens, the stock price will definitely rise.

If Goldman Sachs buys such a stock, the price will not be low, but there are still many ways to operate it. At the very least, it cannot do Yike, and it can also launder small and medium-sized institutions together.

Fang Zhuo also said simply: "I can reduce my stock holdings by 0.5% to Goldman Sachs through block trades."

He has been a major shareholder in increasing his holdings, and can still reduce his holdings by up to 2% at a time through block transactions.

This kind of large-scale transaction is a transaction method that is reached not through the secondary market but through an agreement.

Usually, the price will be lower than the market price.

Although major shareholders have to disclose information to the SEC, the time can be put on the next day, which creates a time difference.

Paulson insisted: "1 percent."

"Can you help me get the ITC ruling?" Fang Zhuo asked, "Also, quickly ban the sale of Nokia. In addition, can Verizon pay the price for its betrayal?"

Paulson stared at his phone: "0.5% is 0.5%."

A total of 2%, and the remaining shares will probably be traded with other companies.

Yike will make a lot of money, but Goldman Sachs will not lose money, and it can still gain a little bit.

Fang Zhuo nodded and suddenly asked: "How is Ying Shiman?"

"The people at Yingshiman have always been very arrogant." Paulson gave an opinion. This is a British organization.

It’s only 2% in total, someone has to shoulder the pain.

Fang Zhuo communicated with Paulson for a while before ending the second call.

He returned to the conference room.

Carlyle Director Ian waited for a few seconds and reminded: "Mr. Fang, my phone."

"Ask Goldman Sachs to reimburse you. Paulson asked me to throw your phone away to prevent any recordings." Fang Zhuo spread his hands, "He said you are not very good."

Ian was stunned and nodded repeatedly: "Yes, yes, if Paulson is fine, then Goldman Sachs is fine."

It's a part-time job, and extra updates can only be made on weekends.