Reinventing the Millennium.

Chapter 693 Meeting (Two in One)

Two hedge funds surfaced, and the Bank of China was in chaos. The top leaders were outraged by this, and domestic counterparts looked sideways.

Fang Zhuo watched the chaotic situation, and couldn't help feeling sorry for Kong Yu, who was also concerned about the situation.

"Paulson seems to be holding a whip in the United States. The strength of his shaking at the other end is transmitted to the tail of the whip in China through the whip. There is a crisp sound here at the Bank of China."

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

I found two pheasant funds that had nothing to do with Goldman Sachs on the surface, got through the sale decision of Merrill Lynch, launched the media to spread the situation, and finally became a white knight.

Easier said than done.

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

As an insider, Fang Zhuo felt awe-inspiring when he saw it.

It is worthy of Goldman Sachs, and it is worthy of Paulson.

That being the case, it is even more necessary to catch up with the line of the MIGA fund and promote CDO secured debt obligations to it.

Kong Yu looked at Boss Fang's complex expression, and said, "If you want to say that, Boss Fang, didn't you hand the whip to Paulson?"

Who is behind the scenes?

I really can't tell.

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

Kong Yu was a little embarrassed, took leave of interest and left, and continued to urge the progress of the fund in the United States.

This time, the negotiation with the Bank of China has not yet started. Now everything is compared with the cooperation between the Royal Bank of Scotland and it. It is set that Goldman Sachs will get $16 billion, MIGA Fund will get $7.5 million, and Deutsche Bank will get $7.5 million.

Among them, Deutsche Bank will give up its participation in the board of directors of Bank of China, and will also sign a concerted action agreement with MIGA Fund on shareholding.

It is still difficult for MIGA Fund to continue to raise funds after raising funds from ICBC.

Fortunately, Zhou Xin and Su Wei emptied Yike's stock successively, and they were able to put up a total of 0.5+1.4=1.9 million US dollars. Fang Zhuo's stock sales were slower because of his status as the major shareholder and chairman. The goal is also to provide $2 million in funding.

Ultimately, the MIGA Fund needs to raise $7.5-1.9-2=$3.6 million.

Fang Zhuo considered to see how much the fund could raise. If it was not enough in the end, then he would bring old friends to make a fortune. Old Xiong must have some personal property over the years. Such a bright opportunity to make a fortune should not be difficult to judge.

On October 10, foreign financial media continued to talk about the situation of Bank of China, and domestic reporters continued to explore the truth.

Under such circumstances, Paulson came to the capital again from the United States. ICBC held a formal signing ceremony and media conference on this day, and confirmed that Goldman Sachs, Deutsche Bank, Hezhong, Mutual Aid, and MIGA will become strategic partners. .

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

In particular, although Fang Zhuo tried his best to downplay the influence and did not attend the press conference, but the well-informed or people in the circle know who is behind the MIGA Fund, so it is inevitable to ask questions.

As a result, Paulson, the head of Goldman Sachs, praised MIGA Fund's achievements on the spot, saying that it is enough to shame 99% of the funds in the United States, and that it is a promising private equity fund.

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 expressed their recognition of the MIGA Fund, which is quite a joint guarantee.

ICBC is united with its strategic partners, and the outside world has the bigger melon of Bank of China. This signing and press conference has some twists and turns and did not cause major disturbances. It only waits for the approval of the regulatory agency above.

99% of ICBC's strategic investment matters have come to an end with the contract in black and white, which also means that its shareholding reform has taken a big step forward.

Because of ICBC's size and situation, the leaders and the industry do not have much expectation for its progress. It is generally believed that it will take substantive actions next year. Now that the situation has been settled, President Jiang is both excited and happy.

After finishing the dinner with his colleagues that day, he called Boss Fang who didn't show up.

The first is mutual flattery.

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

Others didn't know, but President Jiang clearly knew that it was after he introduced Mr. Fang to Lao Li that the Bank of China seemed to be in chaos.

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

Hearing President Jiang's question, Fang Zhuo pushed [-]: "President Jiang, I do know some things about this, but there are also many things I don't know. If I say it casually, I may mislead you too."

"I can only say that you are really astute as the leader, and Goldman Sachs is really not to be underestimated."

"That night, Paulson and I went to see President Li together."

"Seeing the situation of the Bank of China today proves that it was wrong to cooperate with the Royal Bank of Scotland, and it also proves that President Jiang is right to ask me to check and balance Goldman Sachs."

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

Fang Zhuo is sincere and admires President Jiang's foresight.

President Jiang didn't say much. Indeed, the root cause of the investment lies with the Royal Bank of Scotland, and even Merrill Lynch's distribution of investment is just a later story.

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

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

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

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

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

In late October, the chaos in the Bank of China did not last long. President Li insisted on working despite his illness and encouraged many people in the bank. His spirit also made the leaders nod.

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

It is a pity that the external situation has not been diverted by the will of the Bank of China.

Merrill Lynch insisted on responding publicly, and responded to the media for the second time about the equity distribution, believing that this was an action within the framework of the contract and fully in line with the terms it signed with the Royal Bank of Scotland.

Royal Bank of Scotland remained silent for quite a long time, and finally gave the same reply to Bank of China and the media. It will guarantee the professionalism of business cooperation with Bank of China, and can also exercise shareholder rights on behalf of the two hedge funds and the Li Jiacheng Foundation. The entire acquisition consortium will will receive only one director seat.

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

As a well-known commercial bank in the UK and Europe, it is impossible not to realize the impact of hedge funds appearing before the IPO of the Bank of China. Its reply is neither professional nor responsible.

This has raised widespread doubts.

Likewise, there has been more backlash within the top ranks of the Bank of China.

But even if there was a rebound, when President Li tentatively proposed to suspend the cooperation, everyone still looked at each other in blank dismay, and the contracts were signed. They are foreign banks, and this will bring even worse effects to the Bank of China, right?
Isn't the more reasonable action now to deal with it coldly?Is it peace of mind?

President Li expressed his dissatisfaction on the spot.

Just half a day later, he convened a high-level meeting with fewer people and a higher level.

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

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

When a vice president spoke, he asked the question: "Where is the contract, what about the reputation of the Bank of China? What about the impact? What about this responsibility?"

President Li coughed and patted the table, angrily said: "Just do as I said, the responsibility lies with me! The responsibility lies with me!"

For a time, all the top and bottom of the Bank of China were in awe.

But there is still a problem. Bank of China's IPO international roadshow has been scheduled. If it is really necessary to suspend the cooperation with the Royal Bank of Scotland at this time, how will this mess be cleaned up in a short time?
This is not only a test of attitude, but also of ability.

A vice president who had always been at odds with President Li said in private: "If he has this ability, he wouldn't have chosen the Royal Bank of Scotland."

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

Moreover, it was not the Bank of China's intervention, but the suspension of the regulatory level.

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

"What about our roadshow? We have to start from scratch again for new strategic investments?"

Faced with such inquiries, President Li just said: "The road to Xiongguan is as long as iron, and now we are starting from the beginning. I believe that with the performance and prospects of Bank of China, we will not lack of partners."

"Today is the last day of October, which is a day for us to get rid of old bad partners. Tomorrow is the first day of November, which is just right for us to screen new high-quality partners."

President Li's words were full of confidence, which surprised many executives present.

In any case, to this day, since President Li has already made the decision to communicate with the leaders and let the supervision take the lead, he will inevitably bear the responsibility for the next one. Good or bad, it will not be too far away.

This afternoon, the regulator notified the Royal Bank of Scotland to immediately suspend its cooperation with the Bank of China.

Such a situation immediately caught the Royal Bank of Scotland off guard. Why?Why!
However, the regulatory response is - in terms of financial security.

The Royal Bank of Scotland, which has been sitting on Mount Tai 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, saying that everything would follow the orders from above.

The duck that reached its mouth flew?
How could a $31 billion investment come to naught like this?
On the one hand, the Royal Bank of Scotland protested from multiple angles, and on the other hand, it is also looking for someone to mediate the matter.

The British jazz Li Jiacheng, who also has interests, came into view, and the latter immediately agreed. This made the Royal Bank of Su feel a lot of hope. After all, Li is also very influential in China.

Without delay, Li Jiacheng personally called President Zhong Li and requested a visit.

President Li thought over and over again, 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 11st, the capital was sunny and clear.

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

At 09:30 in the morning, they arrived at the Bank of China half an hour earlier than the agreed time.

"Mr. Li, uh, the president is in the office, and he has guests, so I'll call him." The assistant to the president who heard the news showed a look of embarrassment, and wanted to call the leader for instructions.

Li Jiacheng smiled heartily: "No, I believe I am the biggest customer of your bank today. I am here to make friends. Since President Li has friends, I also want to chat with him."

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

This time, the assistant to the president showed a strange expression.

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

Knock on the door and get a response.

The assistant to the president opened the door and stepped aside.

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

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

The president's office is not small, but it seems crowded at the moment.

Except for President Li, he had only one guest.

This person's name is Fang Zhuo.

Li Jiacheng and Zhou Kaixuan froze in place, and they began to suspect the Bank of China and Fang Zhuo's despicable behavior in their hearts.

Fang Zhuo was drinking tea and wanted to stand up when he heard the knock on the door to show politeness, but when he suddenly saw that it was Li and Tuesday, he stopped moving his buttocks again.

From the corner of his eye, he glanced at President Li, who had not changed his expression, and knew that it might have been deliberately arranged.

"Mr. Li, Ms. Zhou, please sit down, please sit down." Seeing the cold atmosphere, President Li hurriedly greeted him and closed the door behind him.

Li Jiacheng had been through a lot of wind and waves, calmed down quickly after being shocked, looked at the young president who had just met a while ago, and said: "I didn't expect to see Mr. Fang here, this matter of the Bank of China is really without any trouble. "

Fang Zhuo didn't expect Mr. Li to smear people's innocence out of thin air, and quickly let go of the embarrassment of being smashed. He understood that President Li would use himself to bear the pressure of the richest Chinese man in front of him, and smiled slightly: "I can't slap a slap. I invited you over, but I didn't expect to meet Mr. Li."

Li Jiacheng didn't know where the matter had gotten worse, so he asked directly: "Why two slaps? As far as I know, the Bank of China just stopped cooperation with the Bank of England yesterday. Could it be that Mr. Fang and the Bank of China have long been in love with each other?"

President Li didn't want to tell the truth, and was thinking about how to answer, but Mr. Fang responded without hesitation.

"Our MIGA fund's complete cooperation ability with Deutsche Bank and Goldman Sachs is a slap in the face." Fang Zhuo said calmly. Chaos, I would not be invited today."

Zhou Kaixuan beside him couldn't help but said: "Now it seems that it is not certain who is behind this mess!"

Fang Zhuo laughed: "It's the Bank of England, it's Merrill Lynch. As for whether there is Mr. Li's foundation, then I don't know. Some things, even if I ask, even if President Li asks, I'm afraid it will be difficult to understand from Zhou. The real answer comes out of the lady's mouth."

Zhou Kai said angrily, "You..."

Fang Zhuo didn't wait for her to finish his anger and immediately said: "Come here today, there is only one sentence, what your consortium can do, we can do it, and what you can't do, we can do better."

Zhou Kaixuan's face was full of frost.

Li Jiacheng smiled: "Boss Fang really speaks loudly."

Fang Zhuo raised his teacup: "I'm invited by someone, it's a matter of loyalty, I'm afraid this trip will disappoint Mr. Li."

Li Jiacheng looked at the owner of the office when he saw the words of seeing off the guests.

President Li was in a dilemma for a while, Mr. Fang was too direct.

But on second thought, he decided to act swiftly and resolutely, it would be better to end it early, so as not to have long nights and dreams.

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

At the beginning, Li Fund did not greet the Bank of China, but directly signed a contract 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, then at Fang Zhuo who was drinking tea, and slowly got up: "Fang Zong has the means, or the president has the courage, gaining insight, gaining insight."

Fang Zhuo put down his teacup, and said flatly: "If Mr. Li insists on saying that, 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 off the guests. I'm afraid that Mr. Li will be upset when he sees me, and I'm afraid that Ms. Zhou will lose her demeanor when she sees me." Fang Zhuo said with a smile.

President Li really needs to be polite.

He wants to give these two away.

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

President Li returned to the office and said helplessly, "Mr. Fang, do you offend someone a bit?"

"Offend, offend, once you are acquainted, you will get used to it." Fang Zhuo said with a smile, "Leader, your tea is really good, I will give you more tea."

Li Xingchang, who was in charge of the work while sick, saw that the young CEO who spoke fiercely to the richest man in China was smiling at the moment, and felt that it was both useful and indescribable... feelings.

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

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

　Only to find that the v group is full, and create a new one.

　
(End of this chapter)