King of Capital

It was cold in late autumn, and a row of people in thin white shirts shivering in the cold midnight wind in Beijing became a hot topic on Weibo the next day.

It was reported that a concerned passenger told Gu Gang that it was not easy for flight attendants to wear summer work clothes in late autumn.

He responded that he would deal with it immediately, but there was no progress for a week.

In a fit of rage, he airlifted all the senior executives of HNA Holdings to the streets of Beijing to suffer the cold wind. The effect was immediate, and the flight attendants changed into long down jackets.

As for who is Gu Gang, the new chairman of HNA Group. Who is the enthusiastic passenger who directly gave him suggestions and received timely feedback?

There is an expert in the Douban gossip group who identified the person through the WeChat avatar in the screenshot of the WeChat chat, and it is definitely Xie Jingxing.

Then the question arises, Xiao Xie can actually order the chairman of HNA Group around!
Xiang Yuan didn't quite understand the situation, but he was sure that Gu Gang was a ruthless man who used his sharp tactics to seize the opportunity and use it to break the situation.

The problem should be with Xiao Xie. Bah, why did the young marshal help pass the knife? Could it be that the Douyin comments section guessed correctly that there was a little darling among the HNA airline stewardesses who made him feel distressed?
"Ask him yourself."

Zeng Shixiong's unchanging hair stood upright in his rubberized woolen coat. He held a Shanghai brand watch in his palm and rubbed it over and over again. Sooner or later, the lens would be scratched.

"I really want to ask Mr. Xie about the process of disposing of non-performing assets."

Xiang Yuan laughed awkwardly, paused for a moment and added: "The economy has hit the brakes, not only are businesses in trouble, but local municipal investments are also in a tight spot."

"What do you mean?" Zeng Shixiong instantly focused.

Xiang Yuan waved his hand and said, "Others don't know the situation in Luzhou, but you don't? The situation is very good. If you insist that there is a problem, you are going crazy to grab projects in other places. We urgently need fire support and ammunition!"

"..."

Zeng Shixiong remained silent, pretending to have Alzheimer's disease, while Xiang Yuan looked at him affectionately with expectant eyes, and the two of them fell into a silent stalemate.

In 2014, a billion semiconductor industry fund came into being. At that time, it was so popular that the young commander was once forced to go to the city gate to enjoy the scenery.

Now the operation team of a large fund has collapsed, and the senior executives are collectively working on sewing machines, and the degree of corruption is horrific.

On the other hand, Luzhou Xinhai Semiconductor's 100 billion industrial fund and its investment project Changxin Storage have become extremely popular, and a number of hard technology startup stars such as SenseTime and Cambrian have gathered here. Luzhou has unknowingly gained the reputation of being the "No. 1 venture capital city."

Xiang Yuan was full of enthusiasm and wanted to ask Marshal Xie whether he was interested in triggering the achievement of "the godfather of domestic chips". Jingxing Group put out another 400 billion to implement the second phase of the industrial fund. The people of Luzhou will never let him down!
"Well, my daughter is coming to Luzhou for vacation today. I have to pick her up at the airport. We'll talk another day." Zeng Shixiong slowly put on his watch and stood up to say goodbye.

The people of Luzhou have never let them down, and the Young Marshal has never let them down.

But nothing is constant and water has no fixed shape, so everyone is just going with the flow.

Last year, Huawei used 4G mobile phone signals to sell 5G flagship phones at such low prices that many domestic competitors knelt down and looked up in amazement.

On the contrary, when "Listen to the Dragon's Roar" still had 4G signal and 5G flagship price for most of the year, peers were almost laughing.

Lei Jun announced a high-profile $100 billion car-making plan, and the low-end flagship phone of Meizu's Meizu Blue sub-brand was quietly equipped with the first self-developed chip "Light Year" and a self-developed smart terminal basic control system architecture.

He who wears the crown must bear its weight. The market share taken in must be spit out. Everyone has no psychological burden and starts to encroach ferociously.

Therefore, Meizu Technology is about to enter the second stage of its strategic development cycle, and Jingxing Group’s hard technology investment business will definitely develop around this.

…………

"Hello, Mr. Wei, I am Zhao Feng, the owner of Yinfeng Factory."

The middle-aged man stood at the door of the restaurant box to greet her. As he turned his body, wrinkles appeared on the shoulders of his suit jacket, making him look a little bloated, and he had an unusually distinctive rural entrepreneurial temperament.

He presented two gift boxes with both hands, and his words were full of generosity and pride that only belonged to the land of Yanzhao: "There is nothing much to say during the Dragon Boat Festival, our Hebei specialty, Hengshui Laobai Gan original brew will warm you up!"

"you this……"

"We are so sorry that we came empty-handed on our first meeting. I guess we need to have a couple more drinks later."

Wei Zhicheng made a self-deprecating remark and then introduced the well-mannered young man with glasses beside him: "This is Li Xu. Dr. Li is a senior cost engineer."

"Dr. Li, nice to meet you. Let's open these two bottles of wine today and drink them together. Let's go in and chat?"

The middle-aged man Zhao Feng instantly realized that the two employees from Meizu Automobile's supply chain department in front of him had some taboos, so he expressed his attitude and offered a solution without hesitation.

I couldn't help but feel even more nervous.

Meizu's reputation for strict supply chain management is recognized in the industry. Some small factories have benefited from it and become top manufacturers in the industry chain, while some large factories have been embarrassed and involved in constant lawsuits.

His factory is a small family workshop in Handan, a city rich in steel. To go further, he needs opportunities, and now, the opportunity is right in front of him!
"Mr. Zhao, your offer is more than five points higher than what we calculated."

The atmosphere at the table was getting tense. Zhao Feng was trying to do two things at once: toasting with Wei Zhicheng, while keeping most of his attention on Dr. Li, who was reviewing the list without drinking. When he heard the other party speak suddenly, he put down his glass immediately.

He rubbed his hands together and explained sincerely: "The cost of mold casting process is relatively high, and the industry is currently trying to simplify the casting process. Some large factories have price advantages because they sell in large quantities, but I guarantee that the products of our factory are definitely excellent!"

"Well, which specific production links have costs that you cannot control?" Dr. Li pushed up the frame of his glasses and asked in an incomprehensible manner.

Zhao Feng pondered and answered: "The quality of the adhesive and the dry sand recycling rate are low, which affects the casting yield rate."

"Is it convenient for your company to replace the suppliers of these two raw materials and auxiliary materials? We can introduce one to you, which can reduce the procurement cost by three points." Dr. Li said shamelessly.

Zhao Feng looked at Wei Zhicheng in astonishment and silence. The other party just smiled politely and introduced suppliers to each other. No wonder small factories often join Meizu's supply chain and become successful immediately.

He actually knows more about the upstream suppliers than he does. This bastard is really evil!
"If we reach a cooperation agreement in the future, we will send engineers to your site to see which aspects of your production process can be improved."

"The second is production equipment. Our company is building an intelligent production line. We currently purchase production equipment worth $5 million from around the world each year and distribute it to supply chain manufacturers. This is not free. We will deduct a certain proportion from the purchase contract, which will be adjusted based on your business conditions."

"Your factory is equivalent to obtaining interest-free loan financing to update the production line. The equipment price must be very favorable. In the long-term cooperation, it is half selling and half giving. Many world-class production process equipment cannot be purchased by you, so we can customize it."

“This is a prerequisite for cooperation.”

Dr. Li kept talking, outputting high-density information in a continuous stream.

Zhao Feng drank half a pound of original Lao Baigan and his brain was a little slow to keep up with the pace. He had only one thought in his mind - Meizu Technology knew his factory's production costs better than he did.

"We need to make a gray list. For example, if your factory supplies a company like BYD, they will conduct an in-depth assessment of your financial risk resistance," Wei Zhicheng added calmly.

"What are you afraid of? Are you afraid that their long payment cycle will drag down our factory?!"

Zhao Feng was drunk and blurted out, "Why would I cooperate with you? Isn't it to build a reputation and get more orders? We are not making money anyway, so I can tolerate everything else. We have to take care of all the orders for our factory!"

"There are hundreds of suppliers throughout the entire supply chain. Can you manage them all? Which supply chain can be run well just by the conscience of the chain leader company?" His face turned red, unable to accept it.

Wei Zhicheng didn't take it as an offense: "Mr. Zhao, you must have had a hard time on the way here. I'll take you to the hotel to rest."

"You guys are amazing. Your 45-day payment cycle is the best in the country, but you can't expect other companies to do the same! Except that your payment cycle is 90 days with a twist, I will starve to death if I only accept your orders."

Zhao Feng shook his hands vigorously and staggered out of the restaurant: "You are no different from those platforms like Alibaba that force their partners to choose between two options. You are hypocritical under the banner of doing good for us!"

The quotation he brought this time only left room for bargaining and rebates, and he would make almost no money when the actual negotiation was completed.

The current situation in the industry is to expand the factory scale and upgrade the production line by relying on large orders, and then take other small orders to make profits.

"Chain leaders" like Meizu have seized the advantage of the country's strong industrial capacity and forced upstream suppliers in the supply chain to compete internally. The victory is to survive by competing for order flow. Whoever dares to make money can forget about expanding on a large scale and may even starve to death if they cannot get any orders.

Zhao Feng thought he was already patient enough, but as soon as they met he forced him to sell production equipment and even pressured him to take orders. You think you are Apple? The supply chain is broken because there are too many idiots, and the internal competition has given you the confidence!

Ding, a warm yellow reading light comes on in the darkness.

Zhao Feng sat up slowly, his eyes blank for a long time, and his limbs regained their sense of touch and felt the soft mattress beneath him.

While at a drinking party with town leaders, drinking 8 liang of liquor and singing "Red Star Shines on Me to Fight", he suddenly received a bidding invitation from Meizu Technology. He revised the bid documents overnight according to the notes, and then took the high-speed rail south to Zhuhai without stopping.

During the Dragon Boat Festival, only first-class air tickets are available, which is too expensive, so the more you save, the better.

Penny wise and pound foolish, Penny wise and pound foolish, you overestimate your own energy!
Zhao Feng pounced on the clothes scattered on the bedside table and fumbled for his cell phone from his pocket.

With a click, a paper card fell gently.

[Mr. Zhao, Meizu Technology was born amidst the suspicion of copying Apple, but this has not prevented us from going through fourteen years. Meizu has never mentioned the "conscience" you mentioned. We just hope to return business to its original state and achieve mutual benefit and win-win cooperation.

Of course, beyond this, we are willing to support the growth of small and micro enterprises to the best of our ability.

Contributing to the industrial development of the central region is our company's commitment to the 347 employees from Henan and Hebei in Zhuhai Super Factory at the beginning of the year. One day in the future, they will find jobs in their hometowns, which is very worth looking forward to. We will work hard for this and continue to work hard.

PS: Two months ago, the market value of Meizu Technology exceeded HK$4000 billion, so we are very clear that it is much more efficient to win by ourselves than to let our partners win.

I have booked a hotel room for you for two days. You can contact me anytime after you have a good rest. 】

The long paragraphs of handwritten text on the card were trembling slightly, and it was the hand holding the card that was shaking.

Zhao Feng turned over and lay down again, falling into a drowsy sleep, as if he had never slept in such a comfortable and stable bed before.

…………

John F. Kennedy International Airport, New York.

A group of Chinese people walked out of the terminal in a mighty procession, and headed straight for the long line of luxurious convoys to welcome them.

The black police officer, with his hands on his waist, identified the license plate number from a distance. He was an old acquaintance of the New York Stock Exchange. It seemed that another Chinese company was listed.

"FXXK, why are Chinese people so profitable!"

He spat out the gum in dismay and was about to throw it into the trash can when a luxury convoy slowly drove over and a large number of Chinese people appeared again.

"We just passed by each other."

Song Anli looked through the car window at her fellow countrymen hurrying by, among whom Liu Qing's figure flashed by.

Two years ago, Luckin Coffee was delisted from the U.S. stock market. The aftermath of the financial fraud case continued until the beginning of this year. After the hearing, the case was officially closed. Coupled with the international situation, it was difficult for U.S. stock exchanges to maintain a tacit understanding with Chinese capital.

According to the updated regulatory requirements, all Chinese stocks listed in the US must submit their company's operating data. This will have little impact on companies like JD.com, but Didi is really in trouble.

Either hand over massive domestic traffic and geographic data or delist. Liu Qing and Cheng Wei tried to struggle, but Didi APP was completely removed from the shelves for two months and its stock price plummeted, so it had no choice but to delist and go home.

"Damn Luckin Coffee, it made a lot of money from the foreigners and then left in a mess, leaving us in a hole." Lin Ning sighed with a wry smile.

Song Anli shook her head slightly: "It's inevitable that it's a coincidence. The situation in the chip field is worse than ours." "That's true. President Liang confirmed the company's operating data with me two days ago. He was terrified. I felt sympathy for him just by listening to him." Lin Ning sighed and was a little excited.

At the beginning of the year, LeTV was split up, and the original super TV and professional smart entertainment furniture equipment business was merged and reorganized with Meizu-LeTV's offline new retail company and renamed "Meizu Zhi+".

LeTV Video Platform merged with LeTV Pictures to form a video platform + film and television production company, renamed "LeEco Entertainment" and went public on NASDAQ.

After Zhang Zhao passed away, his wife Huang Ziyan was not capable or qualified enough to take over. As the third position in the management of Xiaoma Pentium, Lin Ning naturally stepped up to the position.

Others say that starting a business is difficult and that it takes a lifetime to reach the end of going public, but Song Anli doesn't think so.

Wanda Pictures and Pony.com, two industry leaders, have integrated the terminal industry chain from film and television manufacturing to theater distribution; LeEco Entertainment covers both terminals from film and television manufacturing to television and video platforms, making a total of three listed companies.

In addition, Kujiji Studio reversely acquired its holding parent company 'Nanke Holdings' and will be listed on the Hong Kong stock market next month under the shell of Nanke Holdings - the first stock of a new media MCN agency.

With its small stakes in Pony.com, Wanda Pictures and LeEco Entertainment, the estimated market value of the offering is between HK$80 billion and HK$100 billion.

Direct profits of a few dollars or so do not matter; the key lies in the core goodwill value of the listed companies. The four listed companies have cross-holdings, their financing channels guarantee each other, and their business operations are mutually invested in and controlled.

Even because of the existence of the two businesses of cinema real estate and super TV, this complex capital spectrum also involves Wanda Group and Meizu Technology at the equity level.

In short, Xie's pan-entertainment capital map has been completely formed.

However, Song Anli could only control lightning at the business operation level. If she wanted to use the evil and unorthodox techniques of the HNA Group, she would have to wait until Xie Jingxing kicked his legs and fell into the ground.

"HNA?"

Song Anli muttered to herself as she thought of this, turned her head and looked up at the sky to find the location of the Magic City, and silently made up her mind to sign a few more potential stocks that look similar in the future!
She, the newly crowned 'queen of the entertainment industry', is far inferior to her sisters in terms of unity. The two pairs of sisters of the opposite sex are very competitive, and the real sisters are naturally even more outrageous.

…………

[China Fund News: Breaking news! On November 2022, 11, Jingxing Investment Group confirmed that it would take over HNA Group's trillion-yuan debt trust package! ]

[Cailian News, November 11: HNA Group’s trust management party has changed, and Jingxing Investment Group plans to inject 7 billion yuan into HNA Group’s trust to repay debts in advance. ]

[Lujiazui Morning Post, Jingxing Investment Group's head of alternative asset investment Shen Xin denied: Taking over HNA Group's debt trust is a normal market business behavior, and administrative intervention is nonsense. ]

More than half a year after the HNA Group's restructuring was announced, a nuclear bomb swept the market.

When HNA was restructured, it divided all its debts into four parts.

Three of them are easy to handle, except for the main body of HNA Group, which has assets of 250 billion and liabilities of 1 trillion. It is hard to find anyone in the country who can take over this deal.

As a last resort, they chose trust restructuring, which means paying off the debts to grassroots creditors including employees in one lump sum, while creditors such as banks and financial institutions are waiting for repayment in installments.

The current 250 billion assets are made up of more than 300 companies around the world, most of which are in the hotel and airport service industries, as well as financial companies. These assets are worth 250 billion if they are kept, and their value will be cut in half if they are sold.

Therefore, these assets should be retained and operated slowly, and the operating profits should be used to repay debts. After all, creditors such as banks are unlikely to cause trouble.

A financial trust was established with a total asset package of 250 billion yuan, which will be jointly operated by Everbright and CITIC, and the debt will be repaid within ten years.

At first glance, it seems clean and neat. The working group led by Gu Gang lived up to the responsibility and found the best solution within their capabilities.

Last year, the chairman of Fangda Group shouted that the time had come when society needed us. Not only did he spend 380 billion yuan to take over HNA Holdings despite the epidemic, he also took the initiative to donate an additional 30 billion yuan in cash to HNA's creditors, and promised at the employee meeting that there would be no layoffs, salary cuts, or cuts in benefits!
He is truly a living Bodhisattva who pays attention to humanitarian care and saves people from suffering.

However, this year they turned around and reported to Hainan for help, omitting all the unnecessary words and just saying, "My business is currently in a difficult situation and please give me some money."

Given this situation, it is hard for the entire market not to suspect that he had motivations other than business when he took over the company.

With so many examples of myths in front of us, why did Everbright and CITIC transfer the trust to Jingxing Group for operation, and why did the latter waste a huge amount of 270 billion yuan after the overall situation was settled?

Is Young Marshal Xie so awesome that he can turn stone into gold, or is this trillion-dollar debt pit going to explode with hidden bombs again, and the two state-owned giants don't want to eat shit for nothing, and need to find another solution?
Amidst the rumors and confusion, on January 2023, 1, Xie Jingxing gave a further explanation.

Jingxing Investment Group injected 550 billion yuan into Juntai Securities, promoting its merger with Haitong Securities and restructuring it into a securities firm, thereby improving the group's alternative asset management business scope.

HNA Group’s trillion-dollar debt trust is really just a normal commercial market behavior, all for the purpose of expanding the scale of its asset management business.

…………

In April, Grapefruit Capital and Suzhou jointly held a press conference, announcing that the second phase of the Xinhai Semiconductor Industry Guidance Fund was launched in Suzhou with a scale of 1200 billion yuan.

In May, Jinling introduced a high-quality logistics company, and the Yunhe Logistics aviation fleet settled in the local area to establish a second headquarters and create a transportation and logistics hub airport.

In June, Meizu Technology's new energy vehicle super factory (Phase II) settled in Suzhou.

Luzhou and Chengdu are just a few examples of urban economic circles that have been chasing this new energy vehicle brand with an annual sales volume of 25 units for half a year. They have been bidding against each other, but in the end, Suzhou won the bid without any warning.

"Leader, please watch your step."

After the groundbreaking ceremony for the factory in the development zone, Xie Jingxing, chairman of Meizu Technology, was considerate and meticulous, holding Yu Nian's arm as he stepped over the gravel on the ground.

"Mr. Xie, we welcome your company to settle here. You must develop well and live up to the expectations of the people of our province."

"Please rest assured that Meizu Technology and I will never forget our original aspirations!"

"Are there any plans for lunch? I won't attend this one. I have to go to the Magic City for a meeting."

"I'm just about to go back to the Magic City. If you don't mind, I'd like to treat you to a simple meal on the way."

"Then I won't be polite?"

"Don't be polite to me!"

The man and woman walked side by side in front, and their entourage stood in an orderly manner and followed behind. Listening to the hearty laughter drifting away in the breeze, they all felt helpless.

The leader was too rude to even decline the luncheon event. We have to admit that Marshal Xie is indeed as the rumors say, he is graceful and good at caring for ladies.

Otherwise, based on his outburst last year over the debt problem of Chuncheng Municipal Investment, everyone would still have to suffer if he walked away today.

On second thought, she lowered her head and looked at the back of the person swaying in a pair of high heels in front of her. Being only 40 years old is also her asset.

…………

【Today we gather here to celebrate the outstanding achievements of an outstanding woman in her field. Let us raise our glasses and wish her better and better in her field! 】

The warm midday sun poured into the room through the glass windows. Concubine Pei yawned lazily and opened the WeChat group chat to check out the screenshot of the comment section of Xiaohongshu posted by Song Anli.

She couldn't help but laugh and replied: [Xiaotian actually made 600 billion without telling us, what a rich girl~]

[Do you want to share 300 billion with me? ] Xiaotian replied immediately.

【300 billion what? 】

【…】

[I want it! I'll give you a discount, 300/15=20, okay? ]

Song Anli replied to the message with a smirk emoticon at the end, which was full of vulgarity.

"Is this what you talk about every day?"

Xie Jingxing appeared like a ghost with a plate of strawberries in his hand. The fitness trainer who was poached from the Leeds United football team threatened him that if he wanted to maintain his current physical condition for a long time, he had to increase his exercise and eat more vegetarian food.

It is natural that Young Master Xie would not be scared. This was entirely because of Leeds United's entry into the Premier League. Respecting every professional is a fine quality that he has always upheld!
"Let's talk about other things, too."

"What to talk about?"

"Guess the number."

Concubine Pei spoke in a light tone, her eyes scanning downwards as she stretched out two slender fingers to pick up a strawberry and ate the tip of the strawberry with her silver teeth.

Xie Jingxing's body trembled and he dared not speak loudly. He changed the subject and discussed the trip to Lanai Island.

A few days ago, Tsinghua University released an alumni wealth list, and Xiaotian was on the list with a wealth of 600 billion, which made the Xiaohongshu sisters cheer.

This kind of scenario has happened many times. Dongzi retired and was taken over by Xu Ran, a woman with a finance background. It seems that the CEO position of Taobao has also been replaced by a woman.

Xie Jingxing also resigned from all positions and only manages the Jingxing Group. Bai Yongxiang was fired by him several years ago. Chen Xinhong, who came from the supply chain business, relied on his own abilities to work his way up to take charge of Meizu.

As for Xin Da'e, Zhang Tao decided to retire last year, and Xu Ning took over Xin Da'e.

If you count carefully, you will find that he has quite a few young female executives under his command, especially Song Anli, who has a particularly loud voice in the entertainment industry.

In fact, many of Xie Shaoshuai’s female executives are more ruthless than the others in their conduct.

For example, Song Anli, a woman, young, single, from a family that favors boys over girls, started from scratch, and can be said to be the ultimate version of the answer to the sisters' crazy buff stacking.

He is extremely ruthless when it comes to female employees. No one can force him or her to do anything. If he or she is dissatisfied, just get out of here. He is naturally immune to magical attacks without any scruples.

"Your father is about to retire, right? Will you find a female successor then?" Concubine Pei took the opportunity to make a sarcastic remark.

Xie Jingxing disagreed: "The old man is only 63 this year, and retiring at 70 is not a problem."

"So you're going to do nothing for the next seven years, just travel around and sit around at home?"

"History tells us that when the macro economy is in a downward trend, it is better to stay still than to move around. If you have capital, you will always have opportunities."

Xie Jingxing took out his phone and shook it: "The quantitative algorithm model that Jinyou and Shanghai Jiaotong University have worked on has produced a little surprise. This year, we will not kill pigs for the New Year, but US stocks!"

"Do you still have time to go to Lanai this time?" Princess Pei frowned slightly.

Xie Jingxing jumped up and said, Lanai Island is great, of course I have to go to Lanai Island.

On this island, which means "land of conquest", the Jiangnan gardens built are waiting for their owners to come. The nights of revelry and pleasure are enough to make up for the past twelve years.

[The plan remains unchanged, we will depart on time, see you on Lanai~]

Concubine Pei's fingertips danced lightly, and she sent a message in the WeChat group. (End of this chapter)