Chapter 1043 Exchange Conditions
“This is gambling. Everyone knows that there are a lot of mines buried under American real estate, but everyone feels that they are not the one who was killed.
So everyone Everyone is sitting on the gambling table.
People from insurance companies believe that even if there is a real estate crisis in the United States, more than 30% of debts will default, because this has never happened in history.
So they feel safe.
They sell CDS.
Some investment institutions feel that the U.S. real estate crisis is far greater than expected and will cause a systemic crisis.
So they bought these CDS.
Everyone is betting that the other party will be more unlucky.
No one cares about whether it is backed by real assets or not. ”
Humphrey looked at the information, and the more he looked at it, the heavier his heart became. The more he felt that the analyzes he usually saw about American subprime mortgages were all bullshit.
“BOSS, how big is the CDS contract size in the United States now?”
A smile appeared on Xu Liang’s lips.
“According to our survey, it is 21 trillion US dollars, and it is still growing rapidly as time goes by.”
Gudu...
Humphrey swallowed and his breathing suddenly became rapid.
His face was full of disbelief.
Last year, the GDP of the United States barely exceeded 13 trillion US dollars.
“BOSS, according to our investigation, the total size of CDOs generated by U.S. home loans and car loans is only US$20,000.”
“So, Standard Chartered’s risk control tells you that the U.S. subprime debt The market is dangerous. But what they don't tell you is the crazy growth of CDS.
In other words, these risks have been artificially ignored. "
Looking at Humphrey calmly.
"Now do you still think I'm making a fuss out of a molehill? "
Humphrey swallowed.
"BOSS, can I take away this investigation information? ”
"Okay, but don't say you got it from me."
The first rafter will die first.
What Xu Liang wants now is to make a fortune silently.
“Okay.”
After chatting about Standard Chartered Bank’s business for a while, Humphrey left.
Ding ding ding...
Xu Liang’s cell phone rang.
Looking at the caller ID, a trace of surprise flashed in his eyes.
After thinking for a moment, I pressed the answer button.
Soon, a middle-aged man's voice, rich and husky, sounded in his ears.
"Xu Liang, it's me."
"Second uncle."
"Hey. I heard you arrived in Yangcheng?"
"Yes, I was just about to smoke I had a while to visit you and my second aunt, but I didn’t expect you to call me first.”
The second eldest son of the Jiang family, Jiang Weimin, currently works in Guangdong Province.
Since Xu Liang is here, it is only right to pay him a visit.
"Haha, this shows that the two of us have a clear understanding of each other. Where are you now? I will send a car to pick you up. Let's have a good drink tonight."
"I'm in Thailand Here in Huacheng, the company has just opened, and I just came here for an inspection. You have a lot to do, so there is no need to send a car to pick me up. I will see you when I finish my work here. I promise to arrive on time before six o'clock in the evening. "
"This is what you said, am I just waiting for your visit, Boss Xu?"
"Don't worry, I will definitely have this meal at your house tonight."
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"Okay, I'll ask you to prepare for the second trial immediately."
After chatting for a few more words, Xu Liang hung up the phone.
“We just arrived, and the Guangdong Province couldn’t wait to come to our door.” Li Jinling said.
"It's normal. There are quick hands and slow hands for this kind of thing. No one wants to fall behind."
The topic changed.
"Sister Li, go and prepare a box of Maotai for me."
"Okay."
Junning Zhang came over after she left.
"Sister Yuhui asked you to go back tonight, don't drink too much."
"Don't worry, I know what I know." After patting her hand comfortingly, "By the way, are you waiting for me here, or are you going to work?"
"I'm going to the new Lohas Fitness store to check out the renovation progress."
"Okay, let's go to Xiangjiang together in the evening."
"Yes."
——
Three black Maybachs passed through the streets shrouded in orange-red sunset and drove into a heavily guarded community.
Although Xu Liang, who had been with Jiang Xiaoyang several times before, had not been here for a year or two, he still could not find the door.
As soon as I parked the car and opened the door, I saw a young man wearing a white T-shirt, black trousers, and gold-rimmed glasses, walking quickly out of the villa.
"Second brother?"
"Xu Liang."
After saying hello.
"Second brother, why are you at home?"
Jiang Xiaoping said with a smile: "I just have two days off to come back and take a look. Come in."
"Hey."
Push Door into the house.
Jiang Weimin and Su Hong were already waiting at the door.
"Second uncle, second aunt."
"Xu Liang is here, come in quickly."
The couple enthusiastically welcomed him to the living room.
Huo Gang, who came in from behind, also brought in the gifts he had brought.
Su Hong: "Come on, why do you bring so many things?"
"It's not worth much. And I don't drink much. These things are wasted on me."
"Xu Liang, we are a family, there is no need to be so polite. I won't do it next time." Jiang Weimin said.
"Haha, it won't happen next time."
"Sit down, I'll pour you some tea." Su Hong entertained her attentively.
Accompanied by the strong aroma of tea.
"Xu Liang, why are you here in Yangcheng today?" Jiang Weimin asked.
“Of course the main purpose of inspecting the newly opened Taihua City is to discuss the equity transfer of Guangdong Development Bank.”
A clear understanding flashed in Jiang Weimin’s eyes.
"Dad, Xu Liang is a member of our Jiang family. You need more help with Guangdong Publishing House." Jiang Xiaoping said with a smile.
“You don’t have to say it. Xu Liang, you know better than I do about Guangdong Development Bank. The three bidding parties, Standard Chartered and Industrial Bank, are still weaker than the consortium led by Citigroup.”
“It’s a little weaker, but the gap is not big.
And compared to Citigroup, Standard Chartered is half of our own.”
Jiang Xiaoping said curiously: “ Xu Liang, how much equity do you have in Standard Chartered now?”
Although Standard Chartered is a listed company, the list of shareholders is disclosed to the public.
However, the Standard Chartered shares held by Hongyan are covered with a layer of shell. Unless a careful investigation is carried out, it is difficult to find out the true shareholding situation.
Looking at the curious eyes of their family, Xu Liang smiled.
“Almost half of the shares are held.”
A trace of shock flashed in the eyes of Jiang Weimin and others.
With a series of acquisitions, Standard Chartered's market value has exceeded US$27 billion.
Half is $18.5 billion.
Although I have long known that Xu Liang is very rich, 18.5 billion US dollars is too much.
Xu Liang saw this and smiled: "Not all of Standard Chartered's equity is in my personal hands. Most of it is held by Hanhua's private equity funds. So although I have control, I do not have control. There is no ownership of these shares."
Jiang Xiaoping smiled inexplicably.
“Even just having control is amazing.”
"Xu Liang, can you really make the decision at Standard Chartered Bank?"
Xu Liang nodded affirmatively and continued.
"My time and energy are very precious. If I can't make the decision, there is no need for me to work on Standard Chartered matters."
Jiang Weimin said.
“Xu Liang, we are a family, and I won’t hide it from you.
For Guangdong Development Bank, the province prefers a consortium led by Citibank.
Of course, you are not without a chance.
The premise is investment. "
Xu Liang smiled and said: "A BOE panel production line? "
Jiang Weimin: "I knew you must have expected it. ”
"Everywhere I go, the person who comes to visit me must be the local government. You don't have to guess."
"You can't blame everyone for this. You just spent 20 to 30 billion and smashed it in less than half a year." More than 100 billion Chinese dollars have been spent, and it is the high-tech investment that all places are most eager to introduce.
China has not introduced such large-scale high-tech investment in all its reform years.
Everywhere. If you are ambitious, I will not let you go." Jiang Weimin smiled.
“Oh, if I had known I would have kept a lower profile.”
"Young Master, which of the things your boy has done has been kept low profile?"
"Second uncle has wronged me."
Mainly because of Xu Liang's current status, he needs to come forward in person. Business cannot be small.
"What do you think? Think about it? As long as you agree to put a line in Yangcheng, Guangdong Development Bank will give it to you immediately." Jiang Weimin said.
“Second uncle, if I agree, I will suffer a huge loss.”
"What do you mean?"
"Think about it, according to domestic banking laws, foreign investment institutions cannot hold more than 20% of Hua Xia Bank's equity. Add in the equity held by Hanhua, and the total is 40%.
The controlling stake of China Guangdong Development Bank is in the hands of other institutions.
Now I am left to dig out my heart and soul, and they will take all the benefits. There is no such thing in the world." Liang said directly.
“That’s what I say, but if you don’t take action, I’m afraid you won’t have any share in Guangdong Publishing this time.”
Xu Liang certainly knew this.
If the news of his generous spending had not spread, Guangdong Province would have signed a contract with a consortium organized by Citigroup.
In the past period of time, he also received many insidious calls from Guangdong Province.
The reason why he has been putting off replying directly is because he is really reluctant to publish it widely.
And also came up with a solution.
"Second uncle, I have a good idea here. Do you want to listen to it?"
Jiang Weimin nodded quickly.
“It’s actually very simple. It’s enough for Guangdong Province to add a little chips.”
“What chips?”
“Gree Electric Appliances.
As long as the Guangdong Province persuades Haizhu to sell me the equity of Gree Electric, while maintaining the status quo of Gree Electric, I will invest US$4.5 billion in Haizhu to build a 12-inch, 10-wafer-per-month, 45-nanometer process. of large chip factories. ”
Gree, run by Ms. Dong, is one of the most potential companies in Guangdong Province.
It is also the top white goods brand in China.
Win it, and then Together with Supor and Kunlun Technology, Xu Liang can form a super electrical appliance company that spans white goods and black goods, laying a solid foundation for the realization of future smart homes.
"Chip factory? ”
Xu Liang nodded and said: "Hanhua is ready to acquire SMIC. The two parties have initialed an agreement and are discussing some details. It will be announced to the public in a month at most."
The Jiang family members were surprised.
Jiang Xiaoping reacted quickly and said.
"Xu Liang, Xiwu has a very strong chip foundry foundation. If you acquire SMIC, don't play with us."
He now works in the Xiwu government department. If If you can bring in huge investment projects, you will make a lot of money.
"Second brother, we are a family, and of course I will not forget you. But I have arrangements for SMIC's wafer factory, and I may not be able to take care of Xiwu in a short time.
It will only take two years. Hynix will also invest in a new chip factory, and I will definitely take care of you when the time comes."
Jiang Xiaoping said happily: "It's settled, no regrets."
"I will definitely not regret it."
“Haha, that’s enough, brother.” He patted Xu Liang’s shoulder and turned his head, “Dad, I think Xu Liang’s request is very reasonable.
When he acquired Gree, employment and profits and taxes remained local.
The construction of a US$4.5 billion chip foundry will drive a high-tech industry chain worth hundreds of billions.
Although the factory is located in Haizhu, Haizhu is also a prefecture-level city under Guangdong Province, so the meat rots in its own pot. "
After Jiang Weimin thought for a moment, "Xu Liang, is this your final plan? "
"Yes. ”
"I understand. I will respond to other leaders tomorrow. As for the final result, I will inform you again."
"Second uncle, can you please stop reporting to other leaders in the province? I still have Some other arrangements.”
“Other arrangements?”
“I have obtained such great benefits for Ping An and PetroChina, so of course they must repay me well.”
Jiang Weimin was stunned for a moment, then laughed.
"You are really a glutton, and your greed is written on your face. But we are a family, so I agreed. But the time cannot be too long."
"Three days at most."
"Okay."
(End of this chapter)