Chapter 693 Mr. Li, Long Time No See (Two in One)

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

——No opinion.

This is the best opinion.

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

Fang Zhuo ignored the foreigners' proposal, but urged them to do a good job. By the way, he took this opportunity to let Kong Yu and the two banks talk about the cooperation between the fund and 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 is using affiliated companies to do things, which is also an important reason why Kong Yu's salary is getting higher and higher but his hair is getting thinner and thinner.

In addition, because of the CDO collateralized debt obligations, Kong Yu even felt fear after in-depth research, which is another important reason for his hair getting thinner and thinner.

He also talked to his boss about this matter when he returned to China this time.

MIGA has an affiliate company that helps banks resell CDOs. One of its important clients is Washington Mutual Bank, which mainly seeks institutional buyers for financial derivatives that package bonds, subprime bonds and other securitized assets.

Many institutions in New York like this, and Kong Yu is a person who likes to explore the root cause. He also has to have a plan in mind 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 its existence basis, the more afraid he becomes.

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

"Mr. Fang, the leverage has increased by more than 40 times!"

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

"But, but, the basis of these 200 million or 300 million is only a million-dollar property. Once... the foundation has problems, the entire system faces the risk of a dam collapse!"

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

"No, Kong Yu, real estate has value, and the credit of institutions also has value. You can't just focus on that piece of land." Fang Zhuo pointed out the problem, "United Bank and Mutual Bank all have credit guarantees." Kong Yu whispered, "I'm afraid of causing a chain reaction." "What are you worried about? Worried about the US financial system? Kong Yu, Mr. Kong, think about what you are talking about. If you say it out, others will laugh at you." Fang Zhuo smiled easily. Kong Yu stopped talking. In recent years, he has indeed seen its strength in the United States, so he will tell his boss when he returns to China. In fact, the CDO handled by MIGA funds is still very popular. Are others stupid? He was silent for a while and said, "Mr. Fang, I know, I just have a little fear that I can't explain." "Kong Yu, people are like this. Break through fear, you will go to the next level, and finally go higher and higher, standing on the top of the building and looking down on the small buildings." Fang Zhuo encouraged. Kong Yu imagined it and shook his head repeatedly: "No, no, Mr. Fang, I'm afraid of heights, I can't stand on the roof, Mr. Fang, I feel like I'm going to be a little depressed now."

"You're depressed too?" Fang Zhuo was surprised, "This needs treatment."

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

Kong Yu saw the boss's expression and quickly said: "It's a description of the mood, Mr. Fang, you're right, a large number of CDOs have systematic credit guarantees, it's hard to have problems."

He breathed a sigh of relief: "Unless the scale of Lehman's collapse, unless the Washington Mutual Bank we cooperate with collapses of this nature, otherwise, there will be no big problems."

Fang Zhuo clapped his hands, and the gasoline people started talking about systemic financial risks, naming Lehman and Washington Mutual Bank, which really took the technical approach.

Kong Yu drank a cup of tea, and his pressure was relieved. His mind became active again, and he suggested: "Mr. Fang, we have an investment cooperation with Goldman Sachs this time. Next time when Paulson comes to China, can you help me talk to him and see if we can talk about the promotion of CDO."

Seeing that Mr. Fang didn't speak, he continued: "Goldman Sachs has also bought a lot of CDOs, but I haven't contacted Goldman Sachs yet. Mr. Fang, you really have to support me this time."

It's okay to be left alone at ordinary times, but you have to give resources at critical moments.

Fang Zhuo sighed and nodded in agreement. When Mr. Kong poured gasoline on his head, he knew that he was not an ordinary person. Today, he is indeed extraordinary.

Fear faded, greed rose.

For a moment, he couldn't tell whether Mr. Kong was using the fear to make a request in a retreat.

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

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

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

Kong Yu shook his head repeatedly. He didn't need this kind of fame to cure his depression. As long as the business had a pleasant achievement, it would be fine.

"Okay, then let's change it to Zhang Xuebin from Meiling." Fang Zhuo made a regretful decision.

If Kong Yu is brought along, he would like to talk about finance, but if Zhang Xuebin is brought along, he would like to talk about home appliance chains.

CCTV Finance is going to hold a business interview with ten business tycoons, and the topics are relatively loose.

Fang Zhuo received a call after recording a program with Yao Ming on the sports channel, saying that they just knew that he was in Beijing recently and sincerely invited him to attend.

Hearing this, he felt that it seemed to squeeze out someone, so he politely declined.

But after calling three or four times, he finally agreed.

The time is October 13.

Now let's see, it's not bad to have a wave of official publicity while Double Eleven is approaching.

At the same time, Yiguo's advertisements on CCTV started to be released in November.

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

Yiguo's various work continued, and MIGA Fund's fundraising for Bank of China was also accelerating.

In a blink of an eye, it was the 13th. There were only two days left before the half-month deadline that Paulson had mentioned. There was no new movement from his side, and various media with wide influence had no related reports.

On the contrary, there was news from China that the Bank of China might deliver the funds in the near future.

Once the Bank of China got the funds, the possibility of stopping from the regulatory level would become much smaller.

Fang Zhuo was considering informing President Li of the latest actions, and first used the progress of a hedge fund to prepare him, so that the delivery time could be delayed.

Halfway through the journey, he picked up Zhang Xuebin, the president of Meiling.

Zhang Xuebin has also spent more time in Beijing recently, because he participated in CCTV's entrepreneurial program and attended industry conferences in Beijing. Gradually, he has become famous with the support of the media.

He received a call from Mr. Fang last night. When he heard the program of CCTV's ten business celebrities, he knew that it was Mr. Fang who was promoting him again.

After getting in the car, he exchanged simple greetings.

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

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

Zhang Xuebin was stunned and asked: "Has it been changed? CCTV invited eleven people?"

"Or 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 that they didn't invite me. I asked them if I could bring people with me, and the answer was yes." Fang Zhuo said lightly, and explained one more sentence, "I'm not the only one who brought people. I heard that other people also brought people. The format is not so rigid. The guests are all very famous, and it seems that there is also Li Jiacheng."

Zhang Xuebin understood that it is normal for big names to have younger brothers around them.

He quickly adjusted his mentality. Although the situation was different, the most important thing for him now was to accumulate fame and reputation. Mr. Fang, let alone other things, was recognized for his strong business ability.

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

He heard that Mr. Fang and the Li family seemed to be at odds.

Fang Zhuo knew the meaning of the song and smiled slightly: "CCTV is not good at other things, but it has considered this aspect very well. The program format is to interview one by one, not to communicate between big names."

Zhang Xuebin knew it thoroughly, the program format is one segment at a time.

Fang Zhuo saw that he was a little nervous, and comforted him: "Just talk about the development of home appliances and market channels. You just need to talk about normal work content, that is, professional image, very simple, well, the industry can also mention the joint efforts of BOE to break through the upstream blockade."

Zhang Xuebin nodded, not knowing how long it would take to record, but there is a lot of content to talk about.

Soon, they arrived at CCTV.

Fang Zhuo and Zhang Xuebin were warmly received.

Both of them have acquaintances in finance, especially when Fang Zhuo and producer Hu Meng met, Yi Ke had not even started yet, so they were considered friends in poverty, and she was also on the phone this time.

After the warm greetings, they got down to business.

Although Fang Zhuo and Zhang Xuebin picked a topic about home appliance chains, he still had the label of the Internet. Moreover, Yiguo 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'."

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

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

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

"Sohu's current entertainment is colorful."

"It's not that these three companies haven't done other things. For example, Sina operates "World of Warcraft", Sohu also has a search engine Sogou, and NetEase is trying e-commerce for books, but they are increasingly providing users with more distinctive services."

"These three old companies Differentiated into three directions: content, games, and entertainment, what about the new three? "

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

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

Fang Zhuo's expression was very serious when he talked about these three companies: "Google can't shake Baidu in China, MSN can't beat QQ, and eBay has almost been killed by Alibaba. They have accumulated greater advantages in their respective tracks. "

"Others such as Sogou, Dangdang, and Yiguo still have a long way to go 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 pursue 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 setting sun 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 powerful." 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.