Winner Takes It All, Resurrection 2009

BlackRock's global vice president Greg has been very annoyed recently because Qingyun has once again broken the bottom line set by the foundation.

If it was still tolerable before, then this time there is a rhythm of a showdown...

He is the manager of the group who is specifically responsible for investing in emerging markets such as Dongda. His job is simple and difficult at the same time.

Simply put, BlackRock's investment model has formed a complete system, relying on its unparalleled network of contacts in the industry and terrifyingly large cash flow.

It also has a large number of analysts and investment experts who work day and night to accurately analyze which companies have high growth potential based on public trading market data in emerging markets.

It is difficult for other commercial organizations or individuals to comprehensively collect and summarize information about which companies are expected to become the top players in major industries or sub-industries and be too big to fail.

For BlackRock, it is as simple as eating and drinking.

Because over the past few decades, they have accumulated investments in thousands of excellent listed groups, just look at the list of shareholders of an industry giant.

The name of BlackRock can be easily found everywhere. Without its investment, companies would be embarrassed to mention that they are industry leaders.

Through the daily operating data of these companies, BlackRock can easily discover those dark horse growth companies with great investment potential in the market and get ahead of all competitors.

Let the investment funds controlled by Wall Street peers invest in it before its IPO and earn excessive profits, and doubling the profit is just a piece of cake.

So why doesn't BlackRock invest in this business that is sure to make money?

This is mainly a problem of differences in funding sources and business positioning. BlackRock is a public fund open to the general public, and its funding comes from non-specific groups. In short, anyone with money can buy it.

As the actual controller behind the scenes, Squid Capital only cares about its influence rather than its specific profitability. After all, by going long on the entire world economy, making money is only one of the lowest levels of returns.

The right way is to master the influence of these assets and use them to achieve the group's special goals. By the way, serving other private equity funds under its control is the real value of BlackRock's existence.

It's like the company loses but the individual gains. The real fun can always be enjoyed by very few people.

Therefore, before 2011, BlackRock did not pay much attention to Qingyun Group, which was gradually growing into an industry giant. It only provided the core business information it continuously compiled to related companies such as Goldman Sachs, Sequoia, and Morgan.

They were asked to invest in Qingyun to enjoy the high added value of growth, but they never expected that Qingyun Group would dare to ignore the goodwill of Yutai Capital and not only did not sell enough shares.

Even with the exception of Pinxixi (a compromise for listing in the United States), other core business subsidiaries have been delaying in various ways and resisting companies such as Goldman Sachs from investing in them.

No one on this planet dares to be so disrespectful. Under the instructions of Goldman Sachs and other companies, many Squid Capital Groups that have not gained any benefits from Qingyun are ready to play tricks on Qingyun in order to force the latter to submit to their will.

Qingyun resisted the pressure in the previous times, but was finally forced to compromise. However, it did not surrender, but instead established an industrial fund to hold shares of related companies and sell investment shares.

(The voting rights for the management of the industrial fund that holds shares on behalf of others are still in the hands of Qingyun itself. Investment banks and venture capital institutions are not in a hurry. After all, the Qingyun Group is too large and it will take a long time to target it.

First, we need to develop dividends, then influence, and finally achieve complete control.)
In exchange for the tacit consent of Squidward Capital Holdings to sell related equipment/technology to high-tech enterprises, Li Zehua had no choice but to do so, because the technology involves the manufacturing and production of key equipment in many industries, including semiconductors and lithography machines.

They are all in the hands of the technology group controlled by Youtai Capital. If Qingyun wants to catch up and overtake others, it must give sufficient benefits to companies like Goldman Sachs, otherwise they will not sell at all.

There is not even a single substitute on the market. Even if Qingyun is rich, it has to spend money to buy key resources, and then upgrade through reverse research and development to seize the industry's voice and the power to allocate resources.

Everyone works hard, from individuals to groups, and in the final analysis it is a fight for resource allocation. Even animals know how to define their territory and deter competitors.

What about people?!

With the strong help from Yanjing and the real money invested by Qingyun, some relatively disadvantageous contracts were signed, which enabled the company to grow little by little under the nose of Youtai Capital.

For example, the products produced by purchasing relevant core equipment from the United States must be unconditionally supplied to specific companies in accordance with the provisions of the agreement, as well as the new technologies and new patents developed during the production process using this equipment and technology.

Relevant American companies have the right of first refusal and the right to use at a low price. Originally, they wanted to use it free of charge and share patents unconditionally, but with the rise of the Tokyo University economy, their voice has increased.

In addition, because its consumer market is vast and the profits are huge, American companies dare not push too hard, so many invisible control clauses have been cancelled. However, those that remain also make Li Zehua angry.

But who can blame us for not being as technologically advanced as others, especially in the areas of semiconductors, internal combustion engines, key special materials, mobile Internet, telecommunications technology, precision manufacturing and processing equipment, and other key industry lifelines?

Qingyun has to ask for help from others and can only be forced to make some compromises. As long as it can successfully obtain key equipment and key technologies and have production capacity first, there will be no problem in solving the problem of whether there is supply or not.

On the other hand, we can reversely work our way back based on the patent system and technical level currently constructed by the other party, until we have built a scientific research system from scratch that is completely out of our control.

Relying on the complete industrial supply chain and production cost advantages of Dongda Mainland, Qingyun can launch a dimensionality reduction attack on competitors. This is a strategy that Qingyun is very familiar with because he has done it countless times successfully.

He has used his own personal experience to tell Qingyun what to do in order to win the final victory.

Li Zehua is not in a hurry, and he can understand that it is a compromise made for appropriate development, but he is not made of clay. Who doesn't have a temper?
The first is that the industrial fund isolates Squid Capital from getting involved in the core control of the group; the second is that it secretly buys up shares of high-quality companies in the secondary investment market and enjoys the dividends of global economic development.

The second point is the most difficult to do, because the information of any financial institution investing in U.S. stocks is actually relatively transparent. Simply put, others can see your cards.

To this end, Qingyun spared no expense in packaging and concealing its activities in many countries and regions around the world. For example, the number of funds and personal accounts that purchased Tesla's circulating shares reached 4.8.

It was not buying at the same time and price to avoid being included in key monitoring. This made Qingyun pay a high cost for building a position, and it also had to deal with endless repeated inspections by certain financial institutions.

If you are not careful, you will be targeted. This is no joke, because the total amount of foreign stock investment held by Qingyun Group through secret channels such as entrusted purchases, fund vests, individuals, and friendly companies has exceeded 800 billion US dollars.

Most of them are leveraged funds borrowed from financial institutions, but the net investment value is not a small amount. Once discovered by Squid Capital, targeted attacks will be carried out.

According to the T+0 rules of US and European stocks, it would probably take less than ten minutes for Li Zehua's hard work of several years to be wiped out, and he might even lose a huge sum of money.

Never underestimate the risks in the financial markets and the greed of financial vultures. Fortunately, Qingyun has done a good job of keeping secrets, except for a few people such as Lin Wenhui and Yao Xiangjun.

No one knows Qingyun’s specific investment portfolio in overseas markets, so it is not easy to make targeted arrangements. Yutai Capital is not going to be so crazy as to actively trigger a black swan event for the sake of Qingyun.

Allowing the U.S. stock market to trigger the rongduan mechanism just to bury an investment group, isn't this like using a cannon to kill a mosquito, resulting in huge losses?

Li Zehua also saw the huge trading volume of U.S. and European stocks, so he chose to secretly build up positions and enjoy the dividends of U.S. stock development. Even if he was finally discovered and targeted, he didn't care.

Because the principal has been earned back, the follow-up will be a steady stream of net profits, and the group’s secret vests have already received the cash through stock pledges.

Hey, this is when the convenient virtual currency platform comes in handy. Anyway, the transaction price of Bitcoin needs to be transferred from one hand to the other to maintain the heat and attract investors to enter the market.

With the continuous infusion of this special fund, Qingyun can safely control it and successfully use this large amount of funds to invest in other plans through means that no one knows about it.

By the way, it also pushed the unit price of Bitcoin to new heights, attracting a large number of leeks... um, investors who came to contribute transaction commissions and were very happy to make money.

The third point is also the most important one, which is to subtract from Squid Capital. For example, cutting off the wings of Ahri and Qiandu, defeating Taishan Sect, weakening the hot money in Jiangsu and Zhejiang, and targeting Tengda and other business behaviors are all true reflections of this layout.

However, defeating the entire traditional Hong Kong capital was something that Li Zehua had not planned, and it was also a step at the most critical point, representing the will of the two most powerful groups in the world today. It was a lucky success.

But BlackRock doesn’t think so!
Because it has countless investments in the Hong Kong Stock Exchange, at its peak, one-third of Hong Kong's stock and futures trading volume was contributed by it and its Wall Street counterparts.

As a result, Tengda's stock price has fallen from its peak of more than 700 billion Hong Kong dollars to just over billion. A large number of high-quality stocks such as Cheung Kong and HK Electric have fallen to only a fraction of their value.

The most critical thing is that the core enterprise HSBC is jointly controlled by Qingyun, Nandian, Runhua, China Merchants, Bank of China, Zhongxin, and the Huo Group, and American capital has lost its biggest interest support point in Hong Kong.

If things go wrong, there is a high possibility that there will be a bloodbath in the future, with trillions of financial assets going to waste. How can BlackRock and a number of financial institutions accept this?

In particular, the Qingyun Group and Hong Kong's local business groups have joined forces to start Hong Kong's future technology district and implement the 100,000 public housing plan, which is fundamentally reversing the underlying logic of the economy.

Once Qingyun's plan succeeds, it will be hard to say who has the final say here in the future.

But Greg didn't have many good solutions, and he couldn't even get more support from Wall Street.

"Damn it, those people were blinded by the huge short-term benefits offered by Qingyun and have forgotten our ultimate plan. This is a shameful betrayal."

Facing Greg's incompetent rage, House, the head of Goldman Sachs in Hong Kong, shrugged and said, "You know, companies are companies and individuals are individuals.

When we act as a whole, we are powerful enough to terrify and make all our enemies helpless, but each of the actual controllers behind the scenes has his own individual interests.

For example, the company (Goldman Sachs) ordered me to cooperate with Qingyun in the investment and construction of the future science and technology new zone. As long as the equipment and technology are not particularly sensitive, they can all be sold. "

What he said was absolutely right, because with the help of Mei Zhuang, Goldman Sachs was deeply involved in Qingyun’s 100 billion US dollar investment and financing projects, including China Development Bank and Minsheng Financial Holdings.

A high-interest dollar bond was issued exclusively to Goldman Sachs. One of the core conditions was that Goldman Sachs must help Qingyun obtain approval in consideration of the huge profits of billions of dollars.

Goldman Sachs compromised.

Of course, Morgan, Bank of America, and lobbying groups in Washington all fell without exception under Qingyun's real money offensive.

No one can stop it!

With a total procurement contract value of more than 600 billion US dollars and business expenses as high as over 15%, who wouldn’t be jealous?

In fact, Greg himself also wanted to get a piece of the pie, but funds like BlackRock, Vanguard State Street, and Fidelity were not qualified enough. These public funds seemed to have great influence.

But on key core issues, the people behind the scenes of Squid Capital will not give them much say at all, otherwise who is controlling whom?

No matter how much money BlackRock makes, the investors behind the scenes can only get a small portion of the management fee (it is guaranteed to make money regardless of the market conditions, and it will also charge management fees even if it loses money). If BlackRock has money but doesn't let its private equity fund make money, it's stupid.

What disgusted Greg the most was that not only did Qingyun not make money for him, but it also repeatedly rejected the olive branches extended by the fund. A series of recent major actions further indicated that Qingyun was deliberately giving up fund supervision and trying to find another way.

Taking a self-directed development path that seeks to escape control has caused the most intense reactions from many electronics groups in which BlackRock has a stake, especially Samsung and LG.

Their core interests are damaged. They are well aware that once Qingyun supports the development of domestic enterprises such as BOE, SMIC, and Modou Microelectronics (lithography machines), it will inevitably challenge the traditional industry leaders and subvert the entire industry.

The BlackRock Fund is very afraid that this will completely affect the voice of Squid Capital, but now it can do nothing.

Because they are private equity funds under the control of the same group, financial institutions are making huge excess profits through Qingyun. It is ridiculous that these are short-term profit behaviors of groups such as Goldman Sachs and Morgan Stanley.

In the long run, it will actually undermine your own strength and may even lead to the creation of a rival that is equally powerful.

But who can blame the huge profits for their allure? Don’t expect those investors to have too much patience. In order to earn more profits, they are fearless and have no scruples.

If the rope that can trap you tomorrow can be sold at a high price today, then sell it first. Who knows what will happen tomorrow?

Greg hated this and said viciously, "I can't accept this feeling of waiting to die. I must find a way to stop this."

House made money, so he didn't want to care at all, "There's no other way. I advise you not to do anything."

"Impossible, go and see what's going on in Pengcheng Bay. I can even swear that I have never seen such a fast construction speed in my life. There are countless construction vehicles and personnel there.

It made me see the terrifying speed of the East. If the people here work as hard as they do, then I am simply crazy. This is impossible!"

As Greg spoke, his words began to become uncertain. After all, it only took a month or two to build a new city.

This really scared him, so much so that this executive who had made the trip to the University of Tokyo with great difficulty began to become unconfident.

He fell into deep self-doubt and self-denial. When preparing to submit the investigation report to the company, he could no longer distinguish which ones could be submitted and which ones would be reprimanded.

Because no one would believe that in the far east, a giant dragon is gathering strength and is about to take off!

Such ridiculous remarks would only make people think he was crazy. A madman is not worthy of continuing to serve as vice president, so he must do something to prove the authenticity of the investigation.

House really wanted to tell him to forget it, the entire line was fed and no one would care what he said.

But seeing that the other party was determined to do something to prove his determination, he suddenly thought of a better solution, “Yeah, why should I stop a fool’s impulse.

If I can, I can even get more out of it.”

After figuring it out, he stopped trying to persuade and continued speaking according to Greg's words. The person who was finally understood breathed a sigh of relief. He did not doubt House's sincerity at all.

Because no matter how you look at it, Goldman Sachs and BlackRock belong to the same camp, and the two sides have maintained the most pleasant cooperation over the past few decades. House has no motivation to betray him.

"idiot."

House gradually got the next plan out of him, smiling and nodding in agreement on the surface, but in his heart he was thinking about how to maximize his interests.

"Do you really think you're the only smart person?
The bigwigs on Wall Street and in Washington see better than you that those so-called business disputes are nothing more than excuses to extract greater economic value.

Whoever hinders their fortune is the biggest enemy. Since you are seeking death on your own initiative, don't blame me."

House was obedient on the surface, and finally waited for the other party to say goodbye and leave. As soon as the guy left, he couldn't wait to make a phone call and sell it for a good price.
"Lost child, may x bless you."

Little did people know that as soon as Greg went out, he put on an extremely cold and sarcastic face. How many white lotuses can become the global vice president of BlackRock?

"Go tip off Qingyun and get a pitiful reward. This little money is not enough to buy food for my Doberman. I want more!"

Otherwise, everyone is an award-winning actor. In the end, it’s all about money… (End of this chapter)