Chapter 1203 Hanhua Entrepreneurs Annual Meeting
The Spring Festival in 2008 passed quickly, and the annual leave had not yet ended, and all civil servants in Yidu City were transferred.
Zhang Liming parked the police car to the side of the road, took out a cigarette and handed it to his colleague next to him. "Yeah, have you all pulled Huazi?" the colleague teased.
"My brother-in-law gave it to me, I can't afford to earn that little money myself."
"What's your brother-in-law doing?" "Contractor, I took some small jobs in the university town last year." Zhang Liming said with a smile. "No wonder, we have been doing projects here in recent years. We are doing construction everywhere in new urban areas, old urban areas, and scenic spots. We can see tower cranes everywhere." "Yes, I didn't expect our small place to build a university town before, and I didn't expect Peking University to come to us to build a branch!" Zhang Liming sighed. "When Xu Liang came to Peking University, he spent money on his money, otherwise he could come?" said a colleague.
"Haha, it's certain to spend money. But who makes people the richest man? There's money." "That's right. Fortunately, we have a Xu Liang here. He said that he has spent tens of billions of dollars on development here. He has seen people who return their hometown after development, but never to return their hometown like this. He is so generous. He has a light on his face when he says it." Zhang Liming: "Who says no? Now I'm out and I'm from Yidu, they are very envious." "Who says no. According to my opinion, if we continue to develop like this, maybe Weifang will move the municipal government here." "Then the relationship is good."
"Who says no. According to me, if we continue to develop like this, maybe Weifang will move the municipal government here."
"Then the relationship is good."
Before a cigarette was finished, there was a urging sound from the walkie-talkie on the car, asking them to patrol the university town.
After hanging up. "I have been patrolling endlessly before the New Year is over, and I don't ask for fakes, so I treat us as animals." My colleague complained. "We are pretty good, but the sanitation side is miserable. We sweep the streets and clean the sanitation every day, and work overtime every day." Zhang Liming said with a smile. "Oh, Hanhua's annual meeting will be over earlier, it's so tormenting."
——
A Boeing 737 passenger plane roared and landed at Weifang Airport.
After the hatch opened, they were wearing suits and ties, with their temperaments obviously different from those of ordinary people and walked down from above.
Most of them are Chinese, and there are also many blonde and blue-eyed foreigners.
Everyone was invited to the bus arranged in advance by Hanhua.
For this "Hanhua Entrepreneurs Annual Meeting", Torch Group specially transferred a batch of newly produced JAC passenger buses over.
Of course, this can also be regarded as a kind of publicity.
Bonima and her old partner Zeng Liqing sat in the back row, looking at the scenery passing by quickly outside the window.
They were also one of the invitees to the conference. "Boni, it seems that the scale of this 'Hanhua Entrepreneurs Annual Meeting' is quite large, and so many foreigners have come." Zeng Liqing said in a low voice.
"Hanhua is a world-class financial institution after all. In the venture capital field, it is a giant of the same level as Sequoia and Kelpen Huaying. There are more than a thousand companies that have been invested in.
It is normal to come so many foreigners.
And, if it weren't for the meeting location in China, there would probably be more people coming." Bonima said. "If you put the venue in the capital, the effect will definitely be better than here. I really can't figure out what Boss Xu thinks. If you don't forget to dig wells, you should have a degree." Zeng Liqing complained.
He didn't want to travel thousands of miles to this small county town for a meeting.
Bonima also doesn't like it, but he has to come after being controlled by Hongyan.
After driving for an hour, the car entered the suburbs of Yidu.
Soon after, a continuous viaduct appeared in front of him, and a tram roared towards the east.
Zeng Liqing said in surprise: "This small county town has a railway?"
"It was not originally possible, but Xu Liang had it when he came." Bonima smiled.
Zeng Liqing suddenly realized, "He is really willing to do it. Such a railway costs 200 million or 30 billion."
"I have read the information. The total investment is 1.8 billion Chinese coins, with a length of 27 kilometers. But don't think it loses.
This city railway connects the railway station, the new city area, the old city area, and the four scenic spots of Songcheng, Jiulongyu, Jingtang Ancient Town and Yangtian Mountain invested by Xu's Global Tourism Group.
This New Year's Eve seven-day holiday, the four scenic spots of Yidu attracted a total of 570,000 foreign tourists, with an average consumption of more than 1,000 Chinese coins. In addition, locals, even if there is no one million, it will not be much different.
Convenient transportation links all scenic spots into one, greatly improving the tourism enjoyment within a unit time, reducing costs, and bringing greater attractiveness.
So, don't think that a city railway will lose, Global will make money back from travel, and you will make more money.
In addition, Yidu is already a famous tourist area in Qilu Province, and even a nationally famous tourist area.
Global Tourism Group continues to attract traffic to it throughout China, Asia, and even the world.
Add with the rich cultural, geographical and other tourism resources, there will definitely be more and more tourists here. ”
Zeng Liqing then said curiously: "Boni, how could you know this?"
"I checked it out before coming."
"No wonder."
Bonima glanced at his old partner, and there was one thing he didn't say.
In another year or two, the headquarters of Fengshou Group and Torch Group will be moved here, and Taihua Group's Huaxia headquarters, Vivendi Huaxia headquarters, and Uniko Huaxia headquarters will also be moved here.
Kunlun Industrial Group's industrial base, BOE and SMIC's production bases will be concentrated here.
It can be said that this place will become a center of the "Xu family" in China, a center more important than first-tier cities.
The industrial parks of so many large enterprises and top technology enterprises will form a huge industry agglomeration effect.
More and more companies will move here.
Peking University Branch, Harbin Institute of Technology Branch, Shandong University Branch, etc. will provide a large number of high-quality talents.
With talents, employment, convenient transportation and dense population around, even a county town can develop rapidly.
The convoy soon arrived at Jiulongyu Scenic Area, where there were two large hotels.
One is the three-star "Global Jiulongyu Hotel", and the other is the express hotel "Global Resort Hotel"
Global Tourism Group has two such hotels in Yidu's four major scenic spots.
The ‘Global Hotel’ and ‘Global Resort Hotel’ are also two hotel brands under the Global Travel Group.
It is mainly distributed in all globally developed scenic spots and resorts around the world.
——
In the study on the top floor of the backyard of the Xu Family Manor in Jiulongyu, Xu Liang stood in front of the huge floor-to-ceiling window, overlooking the mountain view that was full of vitality in the desolate and bleakness under his feet.
"How many people have been invited?"
Li Jinling quickly said: "It has reached 346 companies and 432 people; except for companies that did not respond, it has reached 80%."
"Are the venue ready?"
"It's all ready. In addition, we have also received a letter from Qilu Province that the General Secretary Liu hopes to attend our corporate annual meeting."
"Agree."
He organized such a large corporate opportunity, and the superiors must attend.
Curiosity is one aspect, the key is to figure out what you are talking about.
"Is there anything else?"
"Bonima is here today. Do you want to see him?"
"Schedule it until tomorrow, let him take a rest today."
"Okay."
Xu Liang waved his hand, and Li Jinling left.
Not long after, Jiang Xiaoyang pushed the door and walked in.
"Yang Yang and the others?"
"Well, mom just coaxed her to bed."
Put a cup of black tea for her, and the two of them sat down.
"This year, the 12 major studios in Hanhua, the Magic City Studio is the first in performance. This is the first time they have won the first place in three consecutive years." Xu Liang said with a smile.
Hanhua's performance evaluation of each studio is not just about how much money he made.
But how much money you made under the conditions of unit capital.
That is the rate of return.
Although Xiangjiang Studio is the first in terms of making money, the return rate is not as good as Magic City Studio.
"Shen Nanpeng is indeed capable, especially in venture capital."
Jiang Xiaoyang echoed.
"We must give enough respect to talents and give him a platform to play his abilities."
"Do you want him to take over Liu Zhiping's position?"
"No. I plan to let him serve as CEO of Hanhua Securities. Shen Nanpeng joined Citibank in 1992, returned to China in 1994 and joined Lehman Brothers Asia Company, responsible for investment banking projects, and then transferred to Deutsche Bank.
He is very familiar with investment banking business, especially Lehman Brothers' business processes.
This year we will acquire Lehman's South America, Asia and Europe businesses. Having a CEO who is familiar with Lehman is enough to help Hanhua digest Lehman more smoothly. "
Jiang Xiaoyang pondered for a moment, "What should Lao Jiang do?" He has been in charge of Hanhua Securities for so many years, tripling the company's total revenue and tripling its net profit.
Bond underwriting and stock underwriting rank among the top three.
Excellent results.
If we can't give enough reasons, we will replace him, which will make the hearts of other senior executives within the company and will not be conducive to Shen Nanpeng's work. ”
"Old Jiang is indeed very good, so I plan to let him serve as the president of GF Express."
"Goal GF Express?"
Xu Liang nodded, "Now the president of GF Express Liao Zhongtao is too conservative. Over the past year, GF Express's finances have not improved significantly.
The operation strategy assigned by Standard Chartered is also slanderous.
I have communicated with China Resources and decided to replace him unanimously.
Lao Jiang has experience working at China Construction Bank and has excellent abilities. He is the most suitable candidate I can think of at present. "
Jiang Xiaoyang nodded. Although GF Express is not the top five domestic banks, it is also a joint-stock bank with the most powerful domestic sales. It has nearly 800 branches nationwide and assets of nearly 300 billion Huaxia coins.
It is indeed a larger platform than the current Hanhua Securities.
For Jiang Jizeng, it is also a further career.
"If Shen Nanpeng leaves, who will be responsible for the office of the Magic City? "Zhang Ying is responsible. After more than three years in the company, the venture capital fund she is in charge is not as good as Shen Nanpeng, but she also performs well. ”
Zhang Ying joined Hanhua in 2004. She is now in charge of the Magic City No. 2 venture capital fund, with a total fundraising of up to US$500 million. Over the years, she has invested in high-quality targets such as Xueda Education, Quanjude, Donglaishun, Xiaofei Yang, Xizhilang, and Auntie Dumplings.
A total of 23 companies entered the B round and 7 companies entered the C round.
The only flaw is that there is currently no listed company.
But the fund she is in charge has increased by 4 times.
"Sister Zhang is indeed a suitable candidate."
"If you think it's okay, then start talking to them one by one." Xu Liang said. "Lao Jiang is one of the seven members of the company's executive committee. If Shen Nanpeng takes over his position, will he also be included in the executive committee?"
The executive committee of Hanhua Group is the real supreme authority.
Really responsible for the strategic development of this financial ship.
"Not for the time being. Letting him be responsible for Hanhua Securities is a reward for his past performance. If he is given the qualification of the executive committee, he will have no chance of improvement when he makes his grades.
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Jiang Xiaoyang nodded in agreement.
The result of no increase in the rise is leaving.
She doesn't want to give up a top talent either.
——
Friday, February 15, Valentine's Day just passed.
The Jiulongyu Scenic Spot, the Global Jiulongyu Hotel, is almost full of the hall of the International Conference Center, which is enough to receive 600 people.
"So many people?"
Reed Hoffman looked at the dark abortion, his rich face full of surprise. "It's normal for so many talents, after all, this is Kim Caesar's speech." Jeremy Stuperman said.
One of them is the founder of LinkedIn and the other founded Yelp in 2004.
The PayPal gangster, which is also a famous Silicon Valley venture capital circle.
He also accepted Hanhua's venture capital.
It is precisely because of this experience that the two flew to China together to participate in the "Hanhua Entrepreneurs Annual Meeting".
When they came to China for the first time, they found that this place was very different from that reported in the media.
Even if it is just an ordinary county, its infrastructure is comparable to Phoenix, Detzin and New Orleans, and its security is even more amazing.
"Musk and the others should really come over and take a look. This place is far better than expected." Hoffman exclaimed.
After Jeremy nodded, "Our media is all shit."
"They have always been like this, Jeremy."
As the two chatted, the bustling chats around suddenly disappeared, and then more and more people stood up from their seats and began to applause.
The two stopped, subconsciously echoed and stood up to look forward.
A young man wearing a gray jacket, sweatpants, Baise travel shoes, a strong and imposing figure walked in from outside.
Under the attention of everyone, Xu Liang strode to the center of the rostrum.
Put the speech in your hand on the table, and your deep eyes quickly swept through the crowd in front of you. "Dear colleagues and friends, good morning."
The voice was low and powerful, and it spread throughout the venue through the microphone.
People from overseas also understood what they mean through the simultaneous interpretation equipment in their hands.
The noise from the audience gradually subsided, and everyone's eyes were focused on him. "Today is the day of the first 'Hanhua Entrepreneurs Annual Conference'. Thank you very much for traveling thousands of miles, or even thousands of miles to fly here to attend today's grand event.
The theme of today's conference is - Crisis!"
He paused and glanced at the crowd below.
"It's not an ordinary crisis, but a financial storm that could sweep the world."
As soon as this statement came out, the originally calm people in the audience began to whisper and whisper.
Xu Liang ignored these and continued:
"I know, many people think I'm exaggerating.
After all, the global economy still looks prosperous now.
Although the US real estate market has some problems, the government and the Federal Reserve are actively intervening. Although the stock market in various places has a certain decline, it is generally very stable.
But, I want to tell you that all this may be just the tranquility before the storm. "
He pressed the remote control in his hand, and a set of data charts appeared on the huge screen behind him.
"This is the issuance of subprime mortgage loans in the United States in the past few years.
Since 2001, the scale of subprime loans has been rising year by year, reaching its peak in 2006.
These loans are packaged into various complex financial products and sold to investors around the world.
On the surface, these products look very low risk and high returns.
But in fact, their underlying assets are those borrowers with extremely low credit ratings. "
The audience in the audience began to take serious attention, and many people took out their notebooks and recorded every sentence of Xu Liang. "The problem is that these borrowers have extremely fragile repayment abilities. "
Xu Liang's voice became even more serious, "Once house prices stop rising or even start to fall, these borrowers will be unable to repay the loan. Once the default rate rises, those seemingly safe financial products will instantly turn into waste paper. ”
He switched the slideshow and a chart of the U.S. house price index appeared on the screen.
"Since 2006, housing prices in the United States have begun to fall.
Although the decline is not large, this is just the beginning.
As housing prices fall, the default rate will rise rapidly, and the chain reaction of the financial market will be inevitable."
The atmosphere in the audience began to become solemn. Many people frowned. They had heard of these contents in the media, but they never felt that the problem was serious.
"I believe many people think the problem is not that serious. So I will give you some data that has been investigated by Hanhua for many years.
First, the size of the US subprime bond market has exceeded 2 trillion US dollars.
I believe many people know this data. With the current GDP of the United States, this number is within the scope of its endurance.
But let's look at the second data.
Everyone knows that a large number of derivatives have been generated around subprime mortgages.
CDO, composite CDO, CDS, etc.
According to our survey, all of these derivatives are over $60 trillion in size! "
Wow...
Sudden screams resounded throughout the hall.
"Some people may think I'm talking nonsense, but I won't joke about Hanhua's reputation. You can calculate how fragile the inverted pyramid structure that supports $2 trillion is.
It can be said that as long as the real estate market collapses by more than 10%, the huge sub-debt derivatives market will collapse.
Everyone, you can consider which country in the world can catch this huge loss?
I believe many people have answers in their hearts.
Yes, it's NO.
No one.
All countries can't handle the losses of US$60 trillion!
The intervention of governments in various countries cannot fill such a big hole.
Crisis is inevitable. ”
”So, what impact does this crisis have on us? ”
Xu Liang's voice suddenly increased a little.
"First, the global financial market will fall into turmoil. Financial institutions that hold large amounts of subprime loan-related products will face huge losses and even bankruptcy.
Secondly, the credit market will tighten rapidly, and the financing costs of enterprises and individuals will rise sharply.
Finally, the global economy will fall into recession, demand will decline, exports will decrease, and our businesses will face unprecedented challenges."
He paused and glanced over the crowds below the audience. "I know, many people may feel that this crisis is far away from us.
After all, we are in China and our economy is still growing rapidly.
But, I want to remind everyone that globalization has made the world closely connected.
The financial crisis in the United States will inevitably be transmitted to the world through channels such as trade, capital flows, and market confidence, including China. "
The audience in the audience began to stir up uneasy. Someone raised his hand and asked: "Mr. Xu, when do you think this crisis will break out? ”
Xu Liang: “I am not a God, nor is I God, and I cannot predict the specific time.
But I can tell you that crisis has been brewing in places we cannot see.
Maybe it's one month, maybe three months, maybe longer.
But anyway, we must prepare in advance. ”
He switched to the slideshow, and a schematic diagram of global capital flows appeared on the screen.
“A few things we need to do before this crisis breaks out.
First, reduce leverage and reduce debt.
Secondly, maintain adequate cash flow to cope with possible market freezes.
Finally, re-examine our business model and look for opportunities that can still survive and develop during the economic downturn. "
"Of course, there are opportunities in crisis. ”
”Every crisis is a process of reshuffle.
Companies that can survive a crisis often become stronger after the crisis. So, I hope everyone will not be too pessimistic, but regard this crisis as a test and an opportunity. ”
He switched to the last slide, and a sentence appeared on the screen: “The storm is coming, and only the strong survive. ”
(This chapter ends)