Reinventing the Millennium

On October 8, the first working day after the National Day holiday, ICBC, Fangzhuo, and Paulson successively received opinions from the leaders of the China Securities Regulatory Commission on this strategic cooperation.

--no comment.

This is the best advice.

When Fang Zhuo informed his partners of this opinion, Zhang Hongli, who was far away in Frankfurt, was extremely happy. Gary and Emily of Mutual Bank, who were still in the capital, even suggested having a party to celebrate.

Fang Zhuo ignored the foreigner's suggestion and just urged them to do a good job. By the way, he took this opportunity to let Kong Yu talk to the two banks about the fund's cooperation with them in financial business.

MIGA Fund is now the largest brand, but in fact, according to the compliance requirements of different states and different businesses in the United States, it uses affiliated companies to do things. This is also an important reason why Kong Yu’s salary is getting higher but his hair is getting less and less. .

In addition, Kong Yu even felt scared after in-depth research because he had used CDOs, a financial derivative. This was another important reason for his hair loss.

When he returned to China, he specifically talked to his boss about this matter.

MIGA Fund has affiliates that specialize in helping banks resell CDOs. An important customer is Washington Mutual, which mainly seeks institutional buyers for financial derivatives that package bonds, subordinated bonds and other securitized assets.

Many institutions in New York are good at this, and Kong Yu is a person who prefers to explore the root causes. He also has to have a good idea in order to promote his own business.

In this process, although CDO can provide considerable fixed income and beautiful risk protection on the surface, the more he analyzes the foundation of its existence, the more afraid he becomes.

"Mr. Fang, this CDO can even use 5 million in assets to support more than 200 million in financial derivatives."

"Mr. Fang, the leverage has been increased by more than forty times!"

"And this is not the final lever! They are still going up!"

"But, but, the foundation of these 200 million or 300 million is just a million-dollar property. Once... there is a problem with the foundation, the entire system will face the risk of bursting!"

Kong Yu found Mr. Fang at night and was quite excited when talking about this.

"No, Kong Yu, the real estate is valuable, and the credit of the institution is also valuable. You can't just focus on that piece of land." Fang Zhuo pointed out the problem, "Both Bank and Mutual Bank have credit guarantees."

Kong Yu whispered: "I'm afraid of causing a chain reaction."

"What are you worried about? Worried about the U.S. financial system? Kong Yu, Mr. Kong, think about what you are talking about. If you say it, others will laugh at you." Fang Zhuo said with a relaxed smile.

Kong Yu stopped talking. He had indeed seen its strength in the United States in the past few years. Therefore, after saying this, he returned to China and told his boss that in fact, the CDOs acquired by MIGA Fund were quite popular. Are everyone else stupid?

He was silent for a while and said: "Mr. Fang, I know, I just can't say I'm a little scared."

"Kong Yu, that's how it is for people. Break through fear and you will go to the next level. Finally, you will go higher and higher. Standing on the top of the building, you can see all the buildings." Fang Zhuo encouraged.

Kong Yu imagined it for a moment and shook his head repeatedly: "No, no, Mr. Fang, I'm afraid of heights. I can't stand on the top of the building. Mr. Fang, I feel like I'm going to be a little depressed now."

"Are you depressed too?" Fang Zhuo was shocked, "This needs treatment."

He hesitated and thought, the MIGA fund department is quite important, and the person in charge...

Kong Yu saw the boss's expression and said quickly: "That's how you describe your mood. Mr. Fang, you are right. A large number of CDOs have systematic credit guarantees, so it is difficult for them to have problems."

He himself breathed a sigh of relief: "Unless there is a collapse of the scale of Lehman, unless there is a collapse of the same nature as the Washington Mutual Bank we cooperate with, there will be no big problem."

Fang Zhuo touched his hand, and the gasoline people began to talk about systemic financial risks, naming Lehman and Washington Mutual Bank. It was really a shortcut.

Kong Yu took a sip of tea. A lot of the pressure disappeared, and his mind became more active again. He suggested: "Mr. Fang, this time we have investment cooperation with Goldman Sachs. Next time Paulson comes to China, can you help me mediate?" Let’s strike up a conversation and see if we can talk about CDO sales.”

Seeing that Mr. Fang was silent, he continued: "Goldman Sachs itself has bought a lot of CDOs, but I haven't established a relationship with Goldman Sachs yet. Mr. Fang, you really have to support me this time."

It doesn't matter if they are kept free at ordinary times. Resources must be provided at critical moments.

Fang Zhuo sighed and nodded in agreement. When Mr. Kong poured gasoline on his head, he knew that he was not a creature in the pool. Today, he was indeed extraordinary.

Fear fades and greed rises.

For a moment, he couldn't tell whether Mr. Kong was making a request by talking about fear or retreating instead of advancing.

"Just remind me when Paulson comes to Beijing again." Fang Zhuo mused again, "I will introduce Brother Chaoyang to you in a few years."

Kong Yu was a little surprised why not now, but he didn't ask. He was just more and more happy that this time he could not only complete the investment in domestic banks, but also get involved in financial derivatives with Goldman Sachs.

Fang Zhuo looked at the happy Mr. Kong, thought about it, and asked: "CCTV Finance invites me to talk about business topics next week. Would you like to join us?"

Kong Yu shook his head repeatedly. He didn't need this kind of fame to cure his depression, as long as his business had pleasant achievements.

"Okay, let's change to Zhang Xuebin from Meiling." Fang Zhuo decided with regret.

If Kong Yu was brought along, he would want to talk about finance. If it were Zhang Xuebin, then he would want to talk about home appliance chains.

CCTV Finance is going to hold a business interview with ten business tycoons on a relatively loose topic.

After Fang Zhuo finished recording the show with Yao Ming on the sports channel, he received a call, saying that he had just learned that he was in Beijing recently and sincerely invited him to attend.

Hearing this, he felt that this seemed to be squeezing out someone, so he politely declined.

But I couldn't bear to call him three times and four times, and finally agreed.

The time is October 13th.

Now look at it, as Double Eleven is approaching, it would be good to do a wave of official promotion.

At the same time, Tesco’s advertisements on CCTV will be launched from November.

Fang Zhuo estimated that when it was time to record the program, he would be able to hear the complete good news from Paulson.

E-commerce's various work continues, and MIGA Fund's fundraising for Bank of China is also accelerating.

In the blink of an eye, the 13th came, and there were only two days left before the half-month period Paulson originally mentioned. There was no new news from him, and there were no relevant reports from various widely influential media.

On the contrary, there is news in China that Bank of China may deliver funds in the near future.

Once the Bank of China obtains funds, the possibility of a regulatory halt will be much smaller.

Fang Zhuo was considering informing President Li of the latest moves. He would first use the progress of a hedge fund to prepare him to delay the delivery time.

Halfway through the car, I picked up Zhang Xuebin, the president of Meiling.

Zhang Xuebin has spent a lot of time in the capital recently, because he has participated in CCTV's entrepreneurial programs and attended industry conferences in the capital, and has gradually gained some fame with the support of the media.

He received a call from Mr. Fang last night. After hearing the CCTV program of ten business tycoons, he knew that Mr. Fang was once again promoting him.

After getting in the car, we exchanged simple greetings.

Zhang Xuebin asked about the program and said curiously: "Mr. Fang, who are the other eight celebrities?"

Fang Zhuo glanced at Zhang Xuebin and corrected: "It's the other nine."

Zhang Xuebin was stunned and asked: "Did it change? CCTV invited eleven people?"

"It's still ten." Fang Zhuo replied.

Zhang Xuebin strangely performed a simple subtraction operation, 10-2=8/10-9=1.

He suddenly realized what was going on: "Mr. Fang, CCTV didn't invite me?"

"It's not like we didn't invite them. I asked them if they could bring someone with me, and the answer was yes." Fang Zhuo said lightly, and explained a little more, "I'm not the only one to bring people. I heard that other people are also bringing them. There's no formality. So stiff, the guests are quite famous, including Li Jiacheng, it seems."

Zhang Xuebin understands, it is normal for a big shot to have a younger brother around him.

He quickly adjusted his mentality. Although there was a gap in the situation, the most important thing for him now was to accumulate fame and reputation. Mr. Fang, if nothing else, was recognized for his strong business ability.

After a while, Zhang Xuebin asked again: "Do I need to interview Li Jiacheng and the others at the same scene?"

He heard that Mr. Fang and the Li family seemed to be having trouble dealing with each other.

Fang Zhuo understood the elegant meaning after hearing Xiange, and smiled slightly: "CCTV, like others, has taken this aspect into consideration very well. The format of the program is interviews one by one, not an exchange between celebrities."

Zhang Xuebin completely understood the segment-by-segment format of the program.

Seeing that he was a little nervous, Fang Zhuo comforted him: "Let's talk about the development of home appliances and market channels. You only need to talk about the normal work content, which is professional image. It's very simple. Well, you can also mention the industry's cooperation with BOE to break the upstream blockade. .”

Zhang Xuebin nodded. He didn't know how long it would take to record, but there was a lot to talk about.

Soon, we arrived at CCTV.

Fang Zhuo and Zhang Xuebin received a warm reception.

Both of them have acquaintances in finance. In particular, Fang Zhuo and producer Hu Meng met before Yike had even started working on it. They were considered acquaintances of the poor and the lowly. She was also on the phone this time.

After exchanging warm greetings, we got down to business.

Although Fang Zhuo brought Zhang Xuebin to the topic of home appliance chain, he always carried the label of the Internet. What's more, Tesco is also an e-commerce platform based on the Internet, so it is inevitable to talk about the development of the Internet.

Fang Zhuo was asked this question and gave an answer.

“The Internet is developing very fast, which can be described as ‘changing with each passing day’.”

"When we look at the three traditional portals, Sina, NetEase, and Sohu, they seem to have differentiated in different directions."

"Sina insists on researching in the fields of news and content."

"NetEase's game performance continues to be outstanding."

"Sohu's current entertainment is impressive."

"This is not to say that these three companies are not pursuing other directions. For example, Sina operates World of Warcraft, Sohu also operates the search engine Sogou, and NetEase is trying e-commerce for books, but they are increasingly providing users with more distinctive services."

"The three old companies have divided into three directions: content, games, and entertainment. What about the new three companies?"

"Baidu's search, Penguin's social networking, and Alibaba's e-commerce are all based on the three directions of the Internet."

"The direction of these three new companies is not a trend, but they have made real achievements and will continue to grow bigger and stronger."

Fang Zhuo's expression was serious when he talked about these three companies: "Google can't shake Baidu in China, MSN can't beat QQ, and eBay is almost beaten to death by Alibaba. They have completed the accumulation of great advantages in their respective fields."

"Others like Sogou, Dangdang, and Tesco still have a long way to catch up."

“Maybe we’ll never catch up.”

"Because, what we can see and predict now is that platform companies like them are already using their respective advantages to penetrate into other tracks after they have passed through their own tracks."

Fang Zhuo concluded: "Looking around, the Internet is blooming, which is a good thing."

The host listened to Mr. Fang's extraction of the elements of six representative Internet companies and felt that he was worthy of being an industry insider.

She asked a question based on what Mr. Fang just said: "Mr. Fang, you just said that it is difficult to catch up with Baidu, Penguin, and Alibaba. You also mentioned Tesco. We know that you are responsible for Tesco. Even if you do it, will it be difficult to chase it?”

Fang Zhuo pondered and said: "There are objective laws for enterprise development. Of course I hope that Tesco can become synonymous with domestic e-commerce, but to be honest, there is still a long way to go between Tesco and Alibaba."

He leaned back and said with a smile, "Even I need to work hard to compete."

The host asked: "So, there is still hope to catch up?"

Fang Zhuo just smiled and stopped answering questions in this regard.

Upon seeing this, the host reluctantly asked the question to Zhang Xuebin from Meiling.

Zhang Xuebin answered the questions seriously, but felt that the atmosphere was not as smooth as when Mr. Fang spoke.

Offline home appliance chains and online e-commerce are the hottest topics today.

Fang Zhuo also shared his views in a timely manner.

He is not self-conscious, but also intersperses his views on some relatively ordinary opportunities. Not everyone is rushing to become Ali's level, and there are many people who are thinking about the wealth opportunities in today's era.

The intermittent recording took nearly two hours before it ended.

It is said that half an hour of the program will eventually be cut out.

Fang Zhuo made an appointment with Hu Meng and the director who showed up, and planned to have a larger dinner party before he left Beijing.

In the evening, Fang Zhuo, Zhang Xuebin and their assistants went to the parking lot to prepare to leave.

However, as soon as I walked out of the building, an acquaintance got out of the car in the parking lot.

Although they say they are familiar, they are actually not that familiar, but to a certain extent, they are indeed familiar from a distance. After all, they have had many business contacts in the past two years.

It was Li Jiacheng and Zhou Kaixuan who arrived.

Fang Zhuo even boasted in the car that CCTV would arrange it, but he didn't expect to meet here.

He and Li Jiacheng had met once in Shanghai, and they both recognized each other.

Fang Zhuo stood on the steps facing the sunset and glanced at the richest man in China, nodding and smiling.

Compared with Li Jiacheng's natural smile, Zhou Kaixuan next to him looked a little unnatural.

Two groups of people quickly came forward.

Fang Zhuo greeted: "Mr. Li, long time no see."

"It hasn't been too long. I often hear news from Mr. Fang. Well, your real estate business is very good." Li Jiacheng stopped and without any courtesy, directly commented on "East China's East China" which has caused trouble for him in the East China market recently. Tiger” Yongke Real Estate.

"Compared with Mr. Li's real estate, this is really nothing." Fang Zhuo said with a smile.

Li Jiacheng asked slowly: "I wonder what Mr. Fang's great witch is?"

Zhou Kaixuan stared closely at the young CEO in front of him.

Fang Zhuo laughed loudly: "I won't tell you."

Li Jiacheng smiled, nodded again, ended the chat, and walked away.

Fang Zhuo also brought people into the car.

"I don't know why, Mr. Fang, I'm sweating." Zhang Xuebin said as soon as he got in the car.

Fang Zhuo glanced at Mr. Zhang and feigned anger: "How dare you make Mr. Zhang sweat, I will repay you in the future."

Zhang Xuebin was stunned: "...it's not like that."

Fang Zhuo lowered the window: "Well, he didn't even say hello to Mr. Zhang. It's so annoying. Don't worry, Mr. Zhang."

Zhang Xuebin felt something about it. In fact, it had nothing to do with him. The biggest reason was probably that Mr. Li got out of the car with his right foot first.

In addition, Mr. Fang did not say hello to Zhou Kaixuan, who looked at Mr. Fang with a very unkind look...

This is really, when will the injustice be repaid?

Zhang Xuebin looked at Mr. Fang's expression and then thought about it. Generally speaking, Mr. Fang probably couldn't help it.