Reborn Entrepreneurial Giant

"Hua Investment invests in Morgan Stanley, what do you ask me to do?" After Qu Li and Wu Hongning met, nothing good happened. The operation of a sovereign investment fund like Hua Investment was not transparent at all. Later, no one even knew what Hua Investment was doing. .

If you want to say that they are doing it for confidentiality and financial security, that would be too self-deceiving. You need to keep confidentiality before investing, but also after investing? Maybe it’s because they don’t want to see the people in the country gossiping and accusing. Blackstone Fund fell below the issue price when it went public, and now it has to invest in Morgan Stanley, with nearly 10 billion U.S. dollars in funds, and it took more than ten years to pay back.

"I just don't know my mind, so I want to ask you." What Wu Hongning didn't say was that he thought Qu Li was his lucky star. Ever since he got to know Qu Li, Wu Hongning had changed his luck, jumping from Zhaoxing to Huatou, although the relationship is very important , but also have their own strong strength.

Wu Hongning promoted the establishment of Zhaoshang Securities, and Qu Li was in charge of the private equity fund, which has now been liquidated, and all of them have bought treasury bonds. The two-year rate of return is about 600%, ranking first in the country. 2007 is not over yet, and Zhang Yiwen's team has liquidated their A-share positions one after another. The ultra-high yield has attracted a lot of attention in the industry.

Wu Hongning indirectly proved his strength, and the worsening subprime mortgage crisis directly proved his ability.

"If you want me to say, just wait, the subprime mortgage crisis has just begun, and we have to wait for this crisis to really affect these Wall Street giants before taking action."

"But some opportunities, once missed, never come back."

"Is the purpose of Huatou to make money, or to learn about the inside story of American finance through Morgan Stanley so that it can control the global financial system in the future?" Qu Li didn't understand.

"I just want to maintain and increase the value..." Wu Hongning said hesitantly

China Investment shares in Blackstone and Morgan Stanley do not have voting rights. You say it has strategic significance. Is it a strategic loss that deceives Wall Street capital and makes them underestimate Chinese female financial people?

"If I definitely don't vote, there is really no way to ask for preferred shares with fixed dividends plus free common stock warrants, setting a maximum subscription price, and no minimum subscription price..."

"Just kidding, who is playing with you like this?"

"..." Sure enough, it's rare and strange. Buffett plays like this. Next year, Buffett's investment in Goldman Sachs will not only make money, but also win a good reputation. In contrast, Huatou not only lost money, but also suffered a double blow and ridicule because the United States changed the rules of the game.

"Is the subprime mortgage crisis really that serious?"

"Anyway, I think a bigger crisis is hidden behind. You should investigate the real reason behind Morgan Stanley's capital replenishment. How big is their real risk?"

"Hey, where does their risk come from?"

"Did you forget what you bought in America?"

"CDS?"

"Think about the status quo of the CDS market that I said before, how much leverage do they have?"

"The same set of words was used as the target to make 10 CDS products? I understand, these people are too courageous, how dare they play like this?"

Qu Li didn't ask him what he knew, anyway, it had nothing to do with him, even whether Jumei was listed or not, the impact on him was very limited, if he really wanted to be optimistic about Jumei, he would spend his own money and create a future. It is enough that the US subprime mortgage crisis is good for him.

Inspired by Qu Li, Wu Hongning flew directly back to the United States, knowing the direction of the investigation would be much easier. Damo probably concealed or was unaware of their possible crisis.

After returning to Pengcheng from Xiangjiang, I first went to BYD's foundry to see the situation, and then met with Zhang Yiwen to discuss future development, whether she would do private equity or go to Xiangcai Securities to seize power.

"Do you want to fully acquire Xiangcai Securities or just want control?"

"I have long said that I don't want to become a financial tycoon. Xiangcai Securities is just a tool, and it is enough for me to use it. I even want to have a certain strength and can provide us with other resources. State-owned assets will join us and become our long-term partners. .”

"So you don't want to eat alone?"

"Compared with making money, I want to do something practical."

"Are you sure Lehman Brothers will quit?"

"They have no choice."

"What about Lehman Brothers' investment in China?"

"Whether it's Glory or Jumei, Lehman and I have signed a mandatory repurchase agreement. Even if there is an extreme situation, it will not affect me and my core assets."

"I mean Lehman's other domestic investment projects..."

"What's the meaning?"

"Forget it, don't worry about it, your Vision Fund now has 3 billion..."

"yes."

"You won't let Chen Danlin..." Zhang Yiwen didn't know why he asked this question

"I'm selfish..." Qu Li didn't feel embarrassed at all after being a scumbag for a long time

"I'd better join Xiangcai Securities, but you have to hand over the 3 billion to my management."

"Yes, but you have to explain the purpose before using the funds." You can use it, but you need to get Qu Li's consent. Hypocrisy, man!

"This is what I think. Our team is independent, joins Xiangcai, recruits businessmen to set up a private equity company, you invest money to become a GP, and when the time is right, you become a major shareholder of Xiangcai, and I will join Xiangcai..."

Qu Li felt something was wrong, was she trying to borrow a chicken to lay eggs?

"Can you invest strictly in the direction I specify?"

"Of course!" Zhang Yiwen agreed now, and will bargain later.

"Alright then!" Qu Li didn't care. Even if he got out of control in the end, he would most likely not lose money on the money. As for the smart phone and pure electric car industry chain, he has this ideal, but he won't force it.

Zhang Yiwen, Xie Hailiang and others have already formally submitted applications for resignation. They will officially resign after receiving their year-end bonus at the end of December this year, and then start their own businesses.

Xie Hailiang is an analyst at Zhaoxing. He “religed” to Qu Li last year, and then published a lot of analysis articles that are optimistic about A shares. The industries listed in them all have very large gains. After liquidation in October this year, he began to be bearish on A shares. I think the risks and bubbles are too big, and I especially remind the majority of investors to pay attention to risk control and not to touch Zhongshiyou...

How many people can be persuaded is unknown, just like the financial media published Qu Li's interview report on the Internet, how many people read it seriously? Dazzled by the 10,000-point bull market and the money-making effect, Leek still despised Qu Li on the forum and left the market early, because the stocks he revealed in the interview continued to rise after he cleared his positions, and his profit was doubled or tripled.

But by next year, Xie Hailiang will become a top analyst in the industry because of his foresight, just like Ren Mou, the chief economist of a large company. This kind of person is still very useful, and can attract more leeks. Wrong, they are investors.

Zhang Yiwen even arranged for the shares of this new private equity company, with 10% for the management team and 30% for the Vision Fund, Xiangcai, and Zhaoxing. Qu Li met Wu Hongning's successor in Pengcheng. He was a very talkative person. After making an appointment, he would continue to cooperate. He had no opinion on the establishment of Zhang Yiwen's private equity company called Xiangjiang Investment Management Co., Ltd.