Winner Takes It All, Resurrection 2009

"Hey, isn't this Mr. Liu? What brings you here?"

In the chairman's office of the Minsheng Group headquarters, Dong Wenbiao was shocked when he saw Liu Yonghao pushing the door open, because the latter had transferred his shares to Qingyun.

Theoretically, Hope Group is no longer a shareholder of the Minsheng Group. I heard that there were some unpleasant things between Hope Group and Qingyun during the share transfer process. There is no reason for Hope Group to stir up trouble at this critical moment.

Liu Yonghao smiled and said, "Why, you don't welcome me?"

There was nothing wrong with his face, it seemed as if he just came here to sit down when passing by.

"how come."

Dong Wenbiao laughed and asked him to sit down, and personally made tea for him, "Mr. Liu, are you here for the previous loan quota, or for a new financing project?

I'm very sorry about what happened before. As you know, the task has been assigned by the higher-ups and there is an investigation team watching it all the time. It's very difficult for me to handle it and I can only do something that's sorry for my friend.

Now that the house is clean, we can welcome real friends to visit. Don’t worry, Mr. Liu. Mr. Li has specifically told us that he hopes the group’s accounts will be clean and that the future development momentum will be good…”

There was a hint of flattery in his tone, but also a distinct sense of alienation, as if he was saying that you could get a loan amount, but just take the money and shut up, and there was no need to talk about anything else.

Mainly the previous old shareholders of the Minsheng Group, some have left and some have dispersed, and there are not many people left who are familiar with the inside story of the development of the Minsheng Group over the years.

As an old man who has been in charge of the People's Livelihood Department for many years, no one would believe Dong Wenbiao if he said there were no problems at all.

Fortunately, most of the people leading the investigation of the incident came from the financial system of Shanghai and had some connections with him. In addition, Qingyun was also a private enterprise rooted in Shanghai and would soon be in charge of the people's livelihood department, assuming greater responsibilities.

No one from top to bottom wanted to make too much noise at this critical moment, so he was safe for the time being.

Dong Wenbiao had an expert guiding him, so he was not afraid. Also, Mr. Xiao Lu secretly told him that persistence would pay off.

The implication is that he will continue to hold the position of chairman and continue to open the door to foreign insurance in the future.

But even so, the investigation team did not treat him well. They strictly followed the rules and showed no mercy. Several vice presidents he promoted were arrested one after another, which made him extremely uneasy.

Liu Yonghao came to visit at a special time. The other party was an old man in the people's livelihood department and knew a lot of inside information. He was also worried that the other party would take the opportunity to make some excessive demands.

It would be difficult to agree or not. Before, they could conspire and put the blame on Lu Zhiqiang because the dead would not speak.

But if Liu Yonghao didn't get the bargaining chips he wanted and took the initiative to expose the matter to the investigation team, that would be a big trouble. So he took the initiative to speak up, saying that any trouble that could be solved with money would not be a big deal.

However, he got it wrong.

Liu Yonghao laughed a few times, then stared into his eyes and said word by word: "Maybe I'm not here for a loan, but for a job?"

"Office?"

Dong Wenbiao was stunned. "Mr. Liu, don't be ridiculous. Haven't you already sold your shares?"

Liu Yonghao did not hide it from him, "It was indeed sold to Qingyun, but Mr. Li set up an industrial fund, Mr. Dong should know about it, right?

It is said that Mr. Li is a righteous man. Minsheng Bank, Ant Financial Services Group, and Qingyun Great Eastern Insurance have invested in Xingcheng Bank (a bargaining chip used by the Hunan Provincial Government to attract the insurance business headquarters to settle in Xingcheng).

All of them will be packaged and injected into the industrial fund. I hope the group will buy 15 billion RMB shares in one go. Thanks to Mr. Li for his appreciation, he will nominate me to serve as the vice chairman of the newly formed Minsheng Financial Holding Group of the Minsheng Department. "

"How can it be!"

Dong Wenbiao was completely confused, because Liu Yonghao, as the vice chairman of the All-China Association for Industry and Commerce, openly held 9.99% of Minsheng shares, and secretly held more shares through affiliated companies.

According to the convention at that time, he was added as the vice chairman of the Minsheng Group, but his plan was ruined by the capital forces led by the Taishan faction and China International Trust (Zhongxin), because this was the comprador's base camp.

If you don't pledge your allegiance, you can forget about integrating into the core circle.

Liu Yonghao was unable to succeed when he held Minsheng shares, but now he is being nominated after selling the shares. It is really puzzling, and even Dong Wenbiao finds it ridiculous.

“Nothing is impossible, just like President Dong is different and still sitting in the chairman’s position?”

Liu Yonghao said with a double meaning, "Mr. Li held a meeting at the Federation of Industry and Commerce today and has formally proposed to use industrial funds to hold shares on behalf of others, replacing the previous voting rights model, and rewarding friends who support him with real money.

The vast majority of attendees strongly agreed with Mr. Li’s proposal to share the benefits equally, and voted on the issue at a formal meeting a few days later.

Maybe by the end of March, Qingyun Group will be able to take over all of Minsheng’s business ahead of schedule.”

The Federation of Industry and Commerce holds 30% of the voting rights of the Minsheng Group free of charge, which is the biggest obstacle for Qingyun to control Minsheng Group, especially since the Taishan faction has many supporters in the association.

Before Li Zehua came to Yanjing, many actual controllers of the association's member units clamored to teach this small-town country bumpkin a lesson, and as a result, the industrial fund proxy holding model came into being.

No one mentioned it.

There was no other reason. The higher-ups had repeatedly asked not to create obstacles for Qingyun to take over Minsheng. Although there were loud disagreements within the association, no one dared to be so stubborn as to break the law and anger the higher-ups.

At most, they just gossip, get stuck on unimportant things, and hinder things on a daily basis, preventing the people's livelihood from developing peacefully.

As for the higher-ups and Qingyun, they dare not resort to intimidation and high-pressure tactics, for fear of being caught by foreign capital and causing unnecessary disturbances.

Fortunately, after the industrial fund model was launched, Qingyun continued to hold management rights by holding shares on behalf of others, and many issues have been better handled.

There is no end to making money.

The market capacity is so large. If one person eats more, someone will inevitably eat less. Everyone understands the principle of being guilty of possessing a treasure, but when faced with the interests at hand, only very few people can remain calm.

It’s not that Li Zehua doesn’t want to eat alone, but the problem is that he is not a god, he does not have extraordinary power that transcends the collective, and he does not have the support of any interest group with blood ties as the core bond.

Today, with hundreds of billions of capital in control, every step is like treading on thin ice. Everything we do must be carefully considered, for fear that a single wrong step will lead to waste of all our previous efforts.

So he learned how to quickly identify the enemy in the competition and quickly isolate the enemy before the enemy could react.

That is to rely on his special ability of foresight to seize the market that has not yet been explored by capital, and through extensive exchange of interests, buy off and unite more people to safeguard common interests.

For industrial funds, Minsheng Holdings is the first round of exploration of new competitive ideas. So far, the results are good and the positive feedback received is very ideal.

Previously, the Industry and Commerce Association held voting rights in the People’s Livelihood Department and had a strong direct influence. Coupled with the fact that some people directly held shares, it was equivalent to the Industry and Commerce Association directly controlling People’s Livelihood.

They have complete control over the appointment and removal of management, major decision-making, loans to affiliated companies, etc., and have deep vested interests.

Now that Qingyun has entered the market and has become the only dominant player, it is stepping into someone else's territory and affecting the vital interests of countless bigwigs. The pressure from Zhongxin and Dingguo alone is something Qingyun cannot withstand head-on.

In addition, with all parties resisting openly or covertly, it is difficult to successfully complete the assigned tasks, let alone unite and rush overseas to expand financial living space.

In order to achieve a greater goal, Qingyun made a temporary compromise and injected the group's shares into the industrial fund. Then, it took advantage of the break in the meeting to promote the product widely, which won wide acclaim.

After eliminating related-party loans, Minsheng Holdings has essentially lost its function as a money bag. Now it can transform its virtual influence into direct economic benefits. Who wouldn't be tempted?
Even a fool knows that Minsheng Holdings, as a carrier for micropayments going overseas, has unlimited future prospects. Its more than 10 million active customers in Southeast Asia have contributed 40 to 50 billion US dollars in funds.

If we want to have 1 billion or 800 million users in the future, won’t we have to get to trillions?

Which entrepreneur or businessman who can enter the General Chamber of Commerce doesn’t have some overseas business? Which one doesn’t need to exchange foreign currency for overseas investment?
As a result, tens of billions of investment shares of Qingyun Financial Holding Fund were sold out in just two or three days, and at the same time, eight subsidiaries of Qingyun Group successfully secured their positions as governing units.

Unfortunately, Li Zehua is still too young, and being elected as a vice president of a national association is too eye-catching.

Dong Wenbiao understood, but he didn't want to understand at all, because it meant that he should take the initiative to apply for retirement.

Qingyun has obtained all external support and more than 85% of the shares, and has met all the conditions for applying for delisting and privatization from the Hong Kong market.

Liu Yonghao came to remind him that he should behave himself... "Fuck Xiangjiang Capital."

Gu Shijie, who rushed to Yanjing from the Magic City, cursed, "If they hadn't asked for an exorbitant price, how could the group make concessions at the General Chamber of Commerce?"

He was responsible for negotiating with Hong Kong Capital represented by HSBC. The original policy set by the group was 2-3%, but HSBC seemed to have him in its arms and left no room for bargaining.

They demanded a 15% share of overseas business, otherwise they would create obstacles in many matters such as the Minsheng system. HSBC, which received hints from Xiangjiang Capital, also invested in many places in Southeast Asia involving Qingyun.

Only by deliberately competing and making Qingyun and its competitors pay a higher price can they successfully obtain the originally agreed cooperation projects.

HSBC dared to act so blatantly, and naturally it was supported by Daiying and Xiangjiang Capital. It was also related to the recent unusual movements of Yutai Capital, because they also set their sights on the fat piece of meat in micropayments.

For example, companies such as Apple, Samsung, and Google have collectively come forward to provoke disputes over technology licensing. Behind this is a warning from Yutai Capital, warning Qingyun not to try to have a monopoly.

Gu Shijie had an uncomfortable conversation. He was disgusted by the other party's aggressive attitude. What made him even more uncomfortable was that he lost the reward of a luxury house worth 20 to 30 million yuan in the center of Shanghai.

"When doing business, you will definitely lean towards the side where the cost of achieving your goals is lower."

Lin Wenhui glanced at his boss who had remained silent, and stepped forward to explain: “Xiangjiang Capital has been aggressively buying up Minsheng’s share price in the stock market, attempting to force us to compromise (the tender offer is calculated based on the average price before delisting).

Everyone knows how sinister his intentions are.

But the more this happens, the more we cannot let their conspiracy succeed. Otherwise, we will have to retreat step by step. Even if we have to spend more money to redeem the shares, it is better than compromising on the subsequent core issues. "

"I just can't help but feel angry at their condescending attitude, as if they were giving me alms. People who don't know would think that Qingyun relied on their support to get to where it is today."

Gu Shijie was furious. "And that Tsai Yanping, who did everything he could to obstruct WeChat Technology's micropayment from entering Hong Kong, but instead put Alipay and Tenpay in, clearly slapping us in the face."

"Normal. That group of people are the investors behind Tengda."

Li Zehua stretched his body and yawned. He said that he had been in Yanjing for the past few days. During the day, he was busy exchanging ideas with various powerful people. At night, when he returned to his residence, he had to meet with outstanding dancers from Yanjing Art Academy.

They exchanged energy with each other. With his strength, he could fight one on one for three hundred rounds without any pressure. But when fighting one on two, he would have to carry an extra burden of a hundred pounds on his body while dancing.

Work eight hours during the day and work another eight hours when you get home. No matter how healthy your kidneys are, they can't stand such indulgence!

"I can't help it. I was born to work hard."

He muttered quietly, and then said: "The harder WeChat Technology fights, the stronger the rebound of Xiangjiang Capital will be. But it doesn't matter, we have the time advantage.

Yesterday, JD.com’s CEO Liu received another piece of good news: Big Cat Capital was willing to invest US$12 billion to buy into the newly established Qingyun Real Estate Industry Fund, and also invested US$8 million to buy JD.com Real Estate shares.

Lao Lin, you should take charge of this matter.

As for the negotiations with HSBC, let's put it off. We are not in a hurry. We will settle accounts with them after the tender offer for Minsheng shares is completed."

He would rather give the money to the people in the General Chamber of Commerce. At least they get the job done for the money. During the voting stage of the meeting, they supported Minsheng Holdings to take back all voting rights with an absolute majority.

From this moment on, Qingyun has cleared all legal obstacles to taking over Minsheng and is only waiting for approval from the China Banking Regulatory Commission and Southeast Asian countries. The new Minsheng Holdings will be able to independently participate in financial transactions in various countries.

The 400 to 500 billion US dollars of funds deposited in mainstream banks in various countries will soon be transferred to the group through an agreement, even if only half of it can be used for normal investment in the end.

The financial leverage it exerts is enough to leverage funds several times this amount, injecting new strength into Qingyun Group's subsequent overseas business expansion.

"Unfortunately, the plan to lobby the China Banking Regulatory Commission, the central bank and the Ministry of Finance to add a blockchain to Internet finance has failed. Next, this market will usher in a dark moment of chaos."

As he spoke, he could not help but sigh: "Decades of social wealth accumulation will be harvested with a new round of asset bubbles, and even if you do not participate in it, you will be passively diluted.

Sometimes I really don’t want to live too clearly, watching helplessly.”

Lin Wenhui was silent, and Gu Shijie tried to comfort him, "Manpower cannot defeat nature. When the vast majority of people make a common choice, the power of an individual is extremely small."

She wanted to persuade him again, but was interrupted by Li Zehua, "I know that we should do our best and leave the rest to fate, but I just can't accept it. How can they decide everyone's fate with just a few words?

The decision is made by a few people and everyone bears the responsibility together. Will they blame us later for not being enterprising and working hard to change the status quo?
Bah! Dream on.

It just so happens that Minsheng Holdings is about to be transferred. Lao Lin, please take the blame and supervise the business of Minsheng Holdings. With the help of its business outlets across the country, we can find a way to open up the financial gap.

We should absorb as much social wealth as possible, rather than letting these greedy capitals reap the benefits, we should take the opportunity to expand the base of Qingyun Foundation."

He is very ambitious, and every step he takes he has to bear pressure from all sides. Some want money, some want fame, and some want to bite off a piece of meat from Qingyun to strengthen himself.

Doing business is like sailing against the current, if you don't move forward you will fall behind. Having come to this point, he can't turn back just because he wants to. Moreover, if he wants to pretend that a company of this size is harmless, others have to be willing to believe it.

Only by increasing the base of supporters can he increase his chances of winning in the dangerous market competition.

Lin Wenhui understood the heavy responsibility he shouldered, nodded slowly, and raised his concerns, "But Dong Wenbiao is still in that position, there are many things~"

"After a few days, he won't be."

Li Zehua sneered, "He was originally a transitional figure, and the Magic City asked me to protect him. Considering our past relationship, I took the initiative to plead for him, and the higher-ups agreed to let him off the hook.

As a result, not only did he not appreciate it, he continued to contact Dingguo Zhongxin secretly, as if he wanted to maintain a lingering relationship with him in the future. This is really enough.

I have asked Mr. Liu Yonghao to persuade him to be decent. If he doesn't want to be decent, don't blame me for not giving him a chance to be decent."

Lin Wenhui breathed a sigh of relief. "That's good. It's a pity that we can't change the agreement made when the first joint-stock commercial bank was established. Otherwise, if the group had full control, many things would be done smoothly."

“It’s okay. I have received support from the central bank and the China Banking Regulatory Commission. The next chairman of Minsheng Holdings will be replaced by a vice president sent by ICBC. He is an acquaintance and will retire in two or three years.

He comes here to retire smoothly, and you take care of everything. Give him proper respect, and don't be stingy with him and the one behind him."

Li Zehua casually made an arrangement, and then said to Gu Shijie: "You also heard that General Manager Lin will stay in Yanjing to work for a period of time in the future.

Although the negotiations with HSBC will not make any progress, you are still responsible for it. "

Gu Shijie said with a bitter face, "I'll do my best, but I can't help you with the human resources part."

"Xie Bin has grown up. If he can do a good job in the Hummingbird crowdsourcing business, he can naturally manage the human resources of the headquarters well."

Li Zehua needs people who have worked with him to start a business to occupy a higher position and play a greater and more important role. "The group is still short of a full-time vice chairman, and you are very suitable.

Of course, if you are worried, you can promote Xie Bin to be the president of the Human Resources Department, and you can continue to serve as the chief human resources officer. "

Gu Shijie's face showed ecstasy for a moment, while Lin Wenhui was a little disappointed. Although he concealed it well, he still couldn't hide his disappointment, but he still congratulated him immediately.

“Lao Lin, the group’s businesses are still developing. How far the foundation can grow in the future depends entirely on the efforts of you and Yao Xiangjun.

If one day you can achieve the same level as BlackRock or Vanguard State Street, you will be more than qualified to be the chairman. At that time, you will be free from the restrictions of industry and will be able to control the industry instead.

Wouldn't it be more free and easy than it is now?"

Li Zehua is a professional at making empty promises. Moreover, he sincerely believes this. He will even hand over the position of chairman of the board of directors of Qingyun Holding Group one day in the future.

Because the people below also need something to look forward to. As long as he has actual control and can appease the major stakeholders, he will not worry that his position will be shaken.

Lin Wenhui was stunned when he heard this, and his heart began to beat violently...

(End of this chapter)