Reinventing the Millennium

Fang Zhuo met by chance on CCTV and found out that Li Jiacheng had arrived in the capital.

Although it is not clear what this person is doing in Beijing, it is certainly not just to record a program. Intuitively speaking, 80% of it is related to the investment from Bank of China.

Different from the real estate business, even though the Li family's real estate is much higher than the average industry standard, this bank listing will still inevitably create profits beyond many people's imagination. Such an investment of 7.8 billion US dollars has won the attention of Li Jiacheng. Very normal.

Lenovo heard the news that the Bank of China may be conducting capital delivery, and things may be becoming urgent.

Considering this, Fang Zhuo did not underestimate Li Jiacheng and immediately called the head of Bank of China to tell him the latest hedge fund news.

As expected, President Li was furious.

"What? Hedge funds?"

“How dare Merrill Lynch do this?!”

Manager Li was furious and asked Mr. Fang: "Where did you get this news? Is it accurate?"

"The news from the United States is 70% to 80% accurate." Fang Zhuo said vaguely.

When Manager Li heard what Mr. Fang said, he knew it must be accurate.

Fang Zhuo added: "I asked the person in charge of MIGA Fund and he had never heard of this hedge fund. Although this type of hedge fund is inherently secretive, it is indeed a bit too inconspicuous."

Sometimes, the sign is also important.

The Li Jiacheng Foundation has the endorsement of Li Jiacheng, and the MIGA Fund has the endorsement of Fang Zhuo. People will automatically replace the institutions with the richest man in China and the richest man in the mainland.

As for a hedge fund I’ve never heard of…

Mr. Li automatically identified the overseas pheasant hedge fund!

A scandal, a scandal for yourself and the bank!

Manager Li felt his hands shaking unconsciously. He took two deep breaths: "Okay, Mr. Fang, I understand, thank you."

Regardless of whether this news is the "huge uncertainty" mentioned when we met that night, the most important thing is that Merrill Lynch did it openly!

Once it is fully completed, this will be a major setback before the IPO!

President Li ended the call. If there is a filing, even if it does not look good from the securities regulatory level, it is much better than what we heard now.

Why were you so blind that you chose Royal Bank of Scotland?

President Li calmed down. The first thing he wanted to do was to consider halting the capital delivery that was about to start. The second thing was how to tactfully seek help from the leaders of the China Securities Regulatory Commission. Their intervention at this time would definitely be criticized.

He thought about it carefully and decided to be hospitalized first, just to delay the meeting that needed to be held.

Without delay, Manager Li called his secretary and said to him seriously: "Drive me to the hospital."

The secretary was surprised: "President, who are you going to see?"

"I have kikuchi and need immediate medical attention." President Li remained serious.

The secretary didn't dare to be careless and quickly called the driver and asked confusedly: "What's the matter with k-k?"

"Histiocytic necrotizing lymphadenitis is an emergency and can easily be misdiagnosed as lymphoma. It can be cured quickly and will not affect long-term health." Mr. Li introduced seriously.

The secretary was a little confused, and the leader was suffering from awe disease.

His thoughts changed slightly and he immediately said, "Okay, I'll go arrange a hospital that I'm familiar with."

Manager Li nodded with satisfaction.

Soon, the leaders came to the hospital as they wished, visited and personally experienced the work in the hospital.

That night, Li Jiacheng and Zhou Kaixuan finished recording the CCTV program and set off back to the hotel.

"Li Sheng, I asked the TV station whether you will be the last interview guest to be broadcast." Zhou Kaixuan sat in the car and chatted about today's program. He did not mention the person's name, but showed that he had no doubts. The heart of comparison.

Li Jiacheng smiled: "Fang Zhuo is second to last?"

Zhou Kaixuan nodded: "Yes, this shows that we can still distinguish who is more worthy of respect, and we did not let Fang Zhuo get the last shot."

Li Jiacheng said slowly: "The finale is the penultimate one."

Zhou Kaixuan was stunned.

Li Jiacheng looked at her expression and said amusedly: "You are so competitive, what will happen to him in the end? I think this person is very popular in the mainland and acts without scruples. Let's see again."

Zhou Kaixuan chewed on Li Sheng's comments: "Nothing to worry about..."

"Since recently, I have been indulgent and indulgent, contradictory and disrespectful, disregarding all scruples, making dangerous plans, and looking down on the two palaces." Li Jiacheng smiled and said the origin of this word.

Zhou Kaixuan felt very excited when he heard Li Sheng's words. He lowered his voice and said, "Fang Zhuo will have consequences for acting like this."

Li Jiacheng didn't say anything anymore. The mainland market is huge, so what if East China suffers a setback?

Goose feathers flying into the sky always fall to the ground.

…

The next morning.

Accompanied by Zhou Kaixuan, Li Jiacheng inspected his real estate's new project in Beijing.

Halfway through the bus, he received a message from Bank of China.

"Tomorrow's Bank of China meeting has been temporarily cancelled." Li Jiacheng put down his phone and frowned.

Zhou Kaixuan was surprised: "Why?"

Li Jiacheng replied: "President Li is hospitalized due to illness."

Zhou Kaixuan said: "He is hospitalized, and bank work has to be carried out. Isn't it possible that normal fund delivery will not be carried out because of him?"

Li Jiacheng thought for a moment and said slowly: "The work will definitely be carried out. It is understandable to cancel it, but it will only be postponed for a few days."

Zhou Kaixuan snorted: "These people don't know how tight Li Sheng's time is."

Li Jiacheng said noncommittally: "Ask the director to go to the hospital to send some flowers and fruits to the president, and also see what the follow-up arrangements are."

Zhou Kaixuan thought for a few seconds: "I'll go in person, so you can rest assured."

Li Jiacheng nodded, this is best so that the other party can feel the sincerity.

Almost at the same time, Fang Zhuo also received the latest news from Bank of China.

"This... is really... a really helpless choice."

He then thought about it and said to Kong Yu, who was reporting on the fund-raising work: "What kind of disease is this histiocytic necrotizing lymphadenitis? You can't really have it, can you?"

Kong Yu was not sure, so he quickly checked the status of the disease.

When he heard that it was a disease that was easy to recover from quickly, Fang Zhuo said with emotion: "It's not easy. You have to be educated to get sick, otherwise you would be a leader."

Kong Yu asked: "Mr. Fang, when will there be any news from Merrill Lynch?"

Fang Zhuo had just spoken to Paulson in the morning and asked about the deadline.

As a result, I don't know if there was any new situation on Paulson's side. The second hedge fund was unable to deal with Merrill Lynch within the originally planned half month, and it would take more time.

He replied: "As little as three days, as long as a week."

Kong Yu's expression brightened, knowing that Bank of China's changes had reached the last moment, but he was not sure whether he would be able to fulfill his wish in the end.

…

Time seems to pass slowly but really fast.

As Double Eleven approaches, Fang Zhuo has to face a lot more work on Tesco, and many issues and resources need to be coordinated.

In particular, this time it involves many partners and involves the energy of the whole company.

Not to mention the actual market position of Tesco in the home appliance chain industry, even though Fang Zhuo has the title of the richest man in the mainland, this title cannot control any other company, no matter how small it is. There are always some problems in such similar business docking. Not going well.

However, these favorable and unfavorable situations can still be dealt with patiently. As the date gets closer and closer to the second time set by Paulson, there is still no movement from the United States, which makes Fang Zhuo start to think about the changes.

He had some doubts that the two hedge funds driven by Paulson might directly take over Merrill Lynch.

Although this increases the holding cost, according to the size and status of Bank of China and the development of China's economy, there must be a lot of profits.

But, can Goldman Sachs really hold back its appetite like this?

If Merrill Lynch eats all of its money, that's $750 million.

If Merrill Lynch were leveraged to acquire Royal Bank of Scotland's shares, it would immediately be twice as much as $1.6 billion.

What factors will affect this gap?

What is the relationship between Goldman Sachs and Royal Bank of Scotland that you don’t know about?

There was little trust between Fang Zhuo and Paulson, so they inevitably had to think more.

However, just as he was thinking about digging into the hedge funds driven by Goldman Sachs, the American media finally had news about this matter.

The famous financial media "Wall Street Journal" published a large-scale interview with SP Hedge Fund, during which they talked about the fund's recent operations, including but not limited to a strategic investment of up to US$400 million in Bank of China.

Subsequently, the Wall Street Journal Chinese website translated the article into Chinese and launched the website in the afternoon of the same day.

Along with this move, many financial media in the United States conducted intensive reports on SP Hedge Fund and praised its amazing performance. Among them, some financial reporters also mentioned the contradiction between the two identities of hedge funds and banks.

Hedge funds are a role that often appears in financial crises. When they are connected with banks, which pursue stability, what kind of effects will they have?

In the evening alone, Sohu Finance reprinted a translated article from the Chinese website of the Wall Street Journal.

Sina Finance followed closely and used its first-class journalistic capabilities. Its reporters immediately called the American SP fund and tried to interview the relevant situation.

However, in the end, the reporter could only write in the press release that "the SP Hedge Fund's headquarters phone number could not be answered by human service. We turned to its branch in Hong Kong, but the branch staff refused our interview."

Such news spread throughout the domestic financial circle, and a reporter from the China Securities Journal began to contact relevant personnel from the Bank of China to learn the whole story.

The strategic partner Bank of China has always mentioned is Royal Bank of Scotland. Although the latter has turned to Merrill Lynch and Li Jiacheng Foundation, the reputations of these two companies are barely acceptable.

A hedge fund suddenly appeared and claimed to make a strategic investment of US$400 million in Bank of China. Where did this come from?

When the spokesperson of the Bank of China received an interview call, he was shocked: "What? Hedge funds? This, this, this relevant information shall be subject to the official statement."

Even though the spokesman had reacted quickly to the shocking news, his initial words gave the situation away.

The strategic investment by overseas hedge funds in Bank of China appears to be unplanned.

In other words, the emergence of Merrill Lynch and Li Jiacheng Foundation was also unplanned.

"China Securities News" did not give up and quickly called higher-level leaders of the Bank of China to explore the truth of the matter.

During this process, the reporter got more news materials, such as "There is no such thing", "What? Foreign media said? Don't write it randomly", "Don't report it", etc., and finally moved most of them into news articles. .

So far, overseas hedge funds have surfaced, US financial media have reported extensively, domestic media have reprinted and followed up on the situation, and the bank has been deeply shocked and reported to the China Securities Regulatory Commission... Bank of China has been torn open a bigger loophole because of the loopholes in its cooperation with Royal Bank of Scotland. of the mouth.

The listing plan announced by Bank of China is to launch an international roadshow in Hong Kong early next year to prepare for the IPO of Hong Kong stocks.

At this juncture, the bank's equity allocation suddenly changed significantly, which undoubtedly cast a heavy shadow on the prospect of listing.

The Bank of China was shocked and its leaders were furious. They questioned the Royal Bank of Scotland and Merrill Lynch all night long, and also contacted the SP hedge fund to verify the situation. They worked all night long to verify the situation.

However, the situation of SP hedge funds has not yet become clear. Another hedge fund called WI-Tyio stepped forward and announced that it would take over Merrill Lynch's remaining US$350 million strategic investment in Bank of China.

At this time, all the leaders of the Bank of China and the leaders of the China Securities Regulatory Commission who were paying attention to this matter...were all numb.

Again?

Isn't it bad enough?

Finally, Merrill Lynch gave a formal and public response: "The contract was followed and there was no breach of contract."

According to this rhetoric, Merrill Lynch has nothing to do with Bank of China.

Even its public response shows its attitude. I acted in full compliance with the contract. Who do you think you are?

At an extraordinary meeting of the Bank of China, some leaders threw down their mobile phones and severely criticized this cooperation with the Royal Bank of Scotland.

On the second night after Bank of China encountered an unexpected situation, Li Jiacheng, who had not slept much the night before, had just squinted for a while when he was suddenly awakened by Zhou Kaixuan's voice answering the phone.

He lifted the thin blanket covering himself and asked calmly: "Is there any good news? I see you are happy."

Zhou Kaixuan held the phone and smiled: "There is really good news."

Li Jiacheng motioned for her to bring the tea to him and said, "It's been bad news these two days. Merrill Lynch is too short-sighted. Let's talk about it."

Zhou Kaixuan went to the hospital to visit the sick president of the Bank of China two days ago. They talked about the common goal of strategic investment. It was the news about him that he received today.

She said: "President Li will come back to take charge of the work even though he is ill."

Li Jiacheng was slightly startled and said with a smile: "This is really good news. He will definitely be able to stabilize the situation as soon as possible. Although there is a problem with Merrill Lynch, if he is in such a state to save the situation, he will definitely be able to make up for it."

He thought for a while and said: "Call President Li for me and tell him that our foundation has prepared all the funds and is willing to deliver the funds first to stabilize the situation, and is willing to fully support his work."

Zhou Kaixuan nodded: "Okay, Mr. Li will definitely thank us for providing help in times of need."

Li Jiacheng took a sip of tea. It was just mutual benefit. This person had no better choice.