Reinventing the Millennium

Two hedge funds surfaced, and the Bank of China was in chaos. The top leaders were furious about this, and domestic peers looked at them with suspicion.

Fang Zhuo watched this chaotic situation and couldn't help but sigh with emotion towards Kong Yu, who was also concerned about the situation.

"Paulson seems to be holding a whip in the United States. The force he shakes at the end of the whip is transmitted through the whip to the tail of the whip in China. It is like a crisp sound here at Bank of China."

"Although it took a few days longer than expected, the work was done flawlessly."

I found two pheasant funds that had no apparent relationship with Goldman Sachs, got through Merrill Lynch's sale decision, activated the media's propaganda situation, and finally became a white knight.

It's easier said than done.

What's more, it was accomplished in such a short period of time.

As an insider, Fang Zhuo watched with awe.

As expected of Goldman Sachs, worthy of Paulson.

In this case, it is even more important to connect the MIGA fund and promote CDO guaranteed debt obligations to it.

Kong Yu looked at the complicated expression on Mr. Fang's face and said, "If you want to put it that way, Mr. Fang, weren't you the one who handed the whip to Paulson?"

Who is the mastermind behind this?

I really can’t say for sure.

Fang Zhuo looked at Kong Yu calmly and asked, "Have you raised enough funds?"

Kong Yu was a little embarrassed, but he wisely said goodbye and left, continuing to push forward the progress of the American fund.

This time, the negotiations with the Bank of China have not yet begun. Now everything is compared with the cooperation between the Royal Bank of Scotland and it. It is set as a ratio of Goldman Sachs taking $1.6 billion, MIGA Fund taking $750 million, and Deutsche Bank taking $750 million.

Among them, Deutsche Bank gave up joining the board of directors of Bank of China and will also sign a concerted action agreement with MIGA Fund regarding its shareholding.

It is still difficult for the MIGA Fund to continue raising funds after raising the bank's funds.

Fortunately, Zhou Xin and Su Wei cleared Yike's stocks one after another. They were able to come up with a total of 0.5+1.4=190 million US dollars. Fang Zhuo's stock sales were slower because of his status as the major shareholder and chairman. The plan The goal is also to provide $200 million in funding.

In the end, the MIGA fund needs to raise US$7.5-1.9-2=360 million US dollars.

Fang Zhuo considered seeing how much the fund could raise. If it was not enough in the end, he would bring his old friends to make a fortune again. Like Lao Xiong, he must have some personal property over the years. It should not be difficult to judge such a bright opportunity to make a fortune.

On October 25, foreign financial media continued to talk about the situation at Bank of China, and domestic reporters also continued to explore the truth.

Under such circumstances, Paulson came to Beijing from the United States again. On this day, ICBC held a formal signing ceremony and media conference, confirming that Goldman Sachs, Deutsche Bank, United Partners, Mutual Aid, and MIGA became strategic partners. .

Compared with the previous memorandum of understanding signed, Allianz and American Express were excluded from this signing. Such changes still aroused the interest of reporters on the scene.

In particular, although Fang Zhuo tried his best to downplay the impact and did not attend the press conference, people who are well-informed or in the industry know who is behind the MIGA fund, and it is inevitable to ask questions.

As a result, Paulson, the head of Goldman Sachs, praised the performance of the MIGA fund on the spot, saying that it was enough to put 99% of funds in the United States to shame and that it was a private equity fund with a bright future.

Including Zhang Hongli, President of Deutsche Bank Asia Pacific, Gary, Senior Vice President of U.S. Bank, and President Jiang, the head of ICBC, also unanimously expressed their strong recognition of MIGA funds and their intention to jointly insure.

ICBC and its strategic partners are united, and the outside world has the bigger melon, Bank of China. This signing and press conference had some twists and turns, but did not cause any big waves. It only had to wait for the approval of the above-mentioned regulatory agencies through procedures.

With the contract written in black and white, ICBC's strategic investment matters are 99% concluded, which also means that its share reform has taken a big step forward.

Because of ICBC's size and situation, leaders and the industry do not have high expectations for its progress. It is generally believed that no substantial action will be taken until next year. Now that the situation has been decided, President Jiang is both excited and happy.

After finishing the dinner with his colleagues that day, he called Mr. Fang who did not show up.

The first is mutual adulation.

Then, he also asked about the situation of Bank of China.

Unbeknownst to others, President Jiang knew clearly that after he introduced Mr. Fang to Lao Li, the Bank of China seemed to be in chaos.

To say that there is no connection between them, he thinks it is absolutely impossible.

When Fang Zhuo heard President Jiang's inquiry, he responded: "President Jiang, I do know some of this matter, but there are also many things I don't know. If I say it casually, I might mislead you."

"I can only say that you, the leader, have a keen eye. Goldman Sachs should not be underestimated."

"That night, it was Paulson and I who went to meet President Li."

"Seeing this situation today at the Bank of China not only proves its mistake in cooperating with Royal Bank of Scotland, but also proves that Governor Jiang is right in asking me to check and balance Goldman Sachs."

"I believe that the cooperation agreement signed between ICBC and Goldman Sachs, including the lock-up period and business scope, will not only benefit ICBC, but also the entire domestic banking industry."

Fang Zhuo was sincere and admired Mr. Jiang's foresight.

President Jiang didn’t say much more. Indeed, the root cause lies with the Royal Bank of Scotland, and even Merrill Lynch’s distribution of investments is just an afterthought.

He finally asked: "Can you and Bank of China reach cooperation?"

"I hope to help Bank of China and bring our advanced experience in cooperation with ICBC to Bank of China." Fang Zhuoxian affirmed the achievements here and then said, "But it depends on what President Li wants."

I'm not the mastermind behind the scenes, I'm just a plug-and-play knife. How to use it depends on the leader.

Manager Jiang ended the call, and Mr. Fang was still reassuring no matter what he did or said.

However, he also pays more attention to the progress among his peers and old friends.

In late October, the chaos at the Bank of China did not last long. President Li's persistence in working despite his illness encouraged many people in the bank, and his spirit also won the nod from the leaders.

However, the real evaluation depends on whether the leader can save the situation, which is not only related to the development of Bank of China, but also to his personal future.

Unfortunately, the external situation did not change according to the will of Bank of China.

Merrill Lynch insisted on a public response and faced the media for the second time to respond to the equity distribution. It believed that this was an action within the framework of the contract and fully complied with the terms signed between it and the Royal Bank of Scotland.

The Royal Bank of Scotland kept silent for a long time, and finally gave the same reply to the Bank of China and the media. It would guarantee the professionalism of its business cooperation with the Bank of China and could also exercise shareholder rights on behalf of the two hedge funds and the Lijiacheng Foundation. The entire acquisition consortium would will only receive one board seat.

Such a reply does not satisfy Bank of China and the media.

As a well-known commercial bank in the UK and Europe, it is impossible to be unaware of the impact of hedge funds appearing before Bank of China's IPO. Its response was neither professional nor responsible.

This caused widespread skepticism.

Likewise, there is more rebound within the top brass of the Bank of China.

But even if there is a rebound, when President Li tentatively proposed to terminate the cooperation, everyone still looked at each other. The contract was signed, and they are a foreign bank. Will this have a worse impact on Bank of China?

Is the more reasonable action now to treat it coldly? Is it to put things to rest?

President Li expressed his dissatisfaction on the spot.

Just half a day later, he convened a smaller, higher-level high-level meeting.

The meeting did not last long, but the content of the meeting was widely circulated within the Bank of China.

It is said that the sick President Li denounced the Royal Bank of Scotland impassionedly and resolutely prevented hedge funds from becoming shareholders of the bank at such a moment.

When a vice president spoke up, he asked: "Where is the contract? What will happen to Bank of China's reputation? What will happen to the impact? What will happen to this responsibility?"

Manager Li coughed and slapped the table, angrily saying: "Just do as I say, the responsibility is mine! The responsibility is mine!"

For a moment, everyone in Bank of China was in awe.

But this still faces a problem. The time for the Bank of China's IPO international road show has been set. If we really want to suspend cooperation with the Royal Bank of Scotland at this time, how can we clean up this mess in a short time?

This not only tests attitude, but also tests ability.

A vice president who had never dealt with President Li said privately: "If he had this ability, he wouldn't have chosen the Royal Bank of Scotland."

On the last day of October, President Li held another meeting and announced the result of his communication with the leadership, which would formally terminate the cooperation with the Royal Bank of Scotland.

Moreover, it was not the Bank of China that came forward, but the supervisory level.

In this way, the apparent responsibilities of Bank of China will be greatly reduced.

"What about our road show? Will we have to start from scratch for new strategic investments?"

Faced with such an inquiry, President Li just said: "The road to the great pass is as strong as iron, and now we are making progress from the beginning. I believe that with Bank of China's performance and prospects, we will not lack collaborators."

"Today is the last day of October, a day for us to put aside old bad collaborators, and tomorrow is the first day of November, which is just the right time for us to screen new high-quality collaborators."

President Li said this with full confidence, which surprised many of the executives present.

In any case, today, since President Li has made the decision to communicate with the leaders and let the supervision take action, the next overall responsibility must also be borne by him. Good or bad will not be too far away.

That afternoon, the regulatory authorities notified the Royal Bank of Scotland and immediately suspended its cooperation with the Bank of China.

This situation immediately caught Royal Bank of Scotland off guard. Why? Why is this!

The regulatory response, however, was to take into account financial security.

The Royal Bank of Scotland, which had been quite secure since the Merrill Lynch incident, suddenly panicked and hurriedly called the Bank of China to find a better solution. However, the Bank of China clearly refused and stated that it would obey orders from above.

The duck that reached its mouth flew away?

How could an investment involving US$3.1 billion come to nothing like this?

On the one hand, the Royal Bank of Scotland protested from multiple angles, and on the other hand, it was also looking for someone to mediate the matter.

The British Sir Li Jiacheng, who also had interests, came into view, and the latter immediately agreed. This gave Royal Bank of Suzhou a lot of hope. After all, Li was also very influential in China.

Li Jiacheng did not delay and personally called the manager of Zhonglu Luggage to request a visit.

President Li thought twice and decided on a meeting time at the head office the next day.

Li Jiacheng believes that this matter has become quite difficult, but it is not impossible to solve it.

…

On November 1st, the sky was clear and clear in Beijing.

Accompanied by Zhou Kaixuan, Li Jiacheng drove to the Bank of China headquarters.

At 9:30 in the morning, they arrived at Bank of China half an hour earlier than the agreed time.

"Mr. Li, uh, the president is in the office. He has guests. I'll call him." After hearing the news, the president's assistant looked embarrassed and wanted to call the leader for instructions.

Li Jiacheng smiled heartily and said: "No, I believe I am your biggest customer today. I am here to make friends today. Since President Li has friends, I also want to chat with them."

At this time, he showed the courage of the richest man in China.

This time, the president's assistant had a strange look on his face.

But he did not insist anymore and led Li Jiacheng, a well-known entrepreneur and the richest man in China, and his entourage to the president's office.

Knocked on the door and got a response.

The president's assistant opened the door and stepped aside.

Li Jiacheng and Zhou Kaixuan walked into the office with smiles on their faces.

However, before they could say anything, the smiles on their faces froze at the same time.

The president's office is quite spacious, but it seems very crowded at the moment.

Apart from Mr. Li, there was only one other guest.

This person's name is Fang Zhuo.

Li Jiacheng and Zhou Kaixuan were stunned on the spot, and they began to doubt the Bank of China incident and Fang Zhuo's despicable behavior.

Fang Zhuo was drinking tea, and when he heard the knock on the door, he wanted to stand up to show courtesy. Suddenly he saw Li and Zhou, and he stopped moving again.

From the corner of his eye, he glanced at Mr. Li, whose expression remained unchanged, and knew that it might have been deliberately arranged.

"Mr. Li, Ms. Zhou, please have a seat, please have a seat." Seeing the cold atmosphere, President Li welcomed them quickly and closed the door.

Lijiacheng had experienced strong winds and waves. After being shocked, he quickly calmed down and looked at the young president whom he had just met not long ago and said loudly: "I didn't expect to see Mr. Fang here. There is really no trouble without trouble in the Bank of China matter. "

Fang Zhuo didn't expect that Mr. Li would prove his innocence out of thin air. He quickly put aside the embarrassment of being exposed. He understood that President Li would use himself to bear the pressure of the richest Chinese man in front of him. He smiled slightly and said: "A slap can't make a difference. Today I am suffering from I invited you here, but I didn’t expect to meet Mr. Li.”

Li Jiacheng didn't know how far the matter had deteriorated, so he asked directly: "Why two slaps? As far as I know, Bank of China just stopped cooperating with the Bank of England yesterday. Is it possible that Mr. Fang and Bank of China have already been in love?"

Manager Li was unwilling to follow the truth and was just thinking about how to answer, but he saw that Mr. Fang responded without hesitation.

"The complete cooperation capabilities of our MIGA Fund, Deutsche Bank, and Goldman Sachs are a slap in the face." Fang Zhuo said calmly, "It is another slap in the face that you Scotland, Merrill Lynch, and Li Fund made things into a mess. Without you, it is a mess." If there was chaos, I wouldn’t be invited today.”

Zhou Kaixuan, who was next to him, couldn't help but said: "Now it seems that it is not certain who is causing the trouble in this mess!"

Fang Zhuo laughed: "It's the Bank of England, it's Merrill Lynch. As for whether there is Mr. Li's foundation, I don't know. There are some things, even if I ask, even if President Li asks, I'm afraid it will be difficult to find out from Zhou. The real answers come from a lady’s mouth.”

Zhou Kaixuan said angrily: "You..."

Fang Zhuo didn't wait for her to finish her anger and said immediately: "I only have one sentence when I come here today. Whatever your consortium can do, we can do it. What you can't do, we can do even better."

Zhou Kaixuan's face was covered with frost.

Li Jiacheng actually smiled: "Mr. Fang has such a strong tone."

Fang Zhuo raised his teacup and said, "It's a matter of loyalty to someone when you're invited. I'm afraid this trip will disappoint Mr. Li."

Li Jiacheng saw this kind of farewell and looked at the owner of the office.

Manager Li was embarrassed for a while because Mr. Fang was too direct.

But then he thought about it, it was better to end it early to avoid a long night of dreams.

"After all, we signed a contract with the Royal Bank of Scotland and have never had any cooperation with Mr. Li's foundation." President Li said slowly, "I'm afraid... it will be difficult to have cooperation this time."

At first, Li Fund did not say hello to Bank of China and signed a contract directly with the Bank of England.

Now, that's the most legitimate reason to respond.

The smile on Li Jiacheng's face disappeared little by little.

He looked at President Li and then at Fang Zhuo, who was drinking tea, and stood up slowly: "Mr. Fang still has the means, and the president has the courage, knowledge, and experience."

Fang Zhuo put down his tea cup and said calmly: "If Mr. Li insists on saying this, then I can only say, give in, give in."

Li Jiacheng turned and left.

Zhou Kaixuan glared at Fang Zhuo fiercely.

"President, I won't see the guests off, because I'm afraid Mr. Li will be upset when he sees me, and I'm afraid that Ms. Zhou will lose my grace again when she sees me." Fang Zhuo said with a smile.

President Li really needs to be polite.

He wanted to send these two away.

However, Mr. Li's footsteps were not old at all, and he quickly got in the car and left.

President Li returned to the office and said helplessly: "Mr. Fang, are you a little offended?"

"Offend, offend, once you get used to it, you'll get used to it." Fang Zhuo said with a smile, "Boss, your tea is really good, I'll give you more tea."

Mr. Li, who was presiding over the work even though he was ill, saw that the young CEO who had spoken fiercely to the richest man in China was smiling broadly. He felt that it was both useful and had an indescribable... feeling.

It's just that it doesn't matter how you look at Fang.

The important thing is that at this moment, Mr. Fang is the best choice for Bank of China.

I found out that the v group was full, so I created a new one.