super energy power

"We're getting ready for dinner, let's talk as we walk." Sioux City is still quite curious about the two Morgans, especially Morgan Stanley, nicknamed The Big Morgan, which has a lot of business in China, and is an extremely smart and barbaric company. company.

They have huge funds and many talents, but they never rest on their laurels, always chasing money, regardless of politics and morality-if they accidentally show politics and morality, then don't hesitate, it must be for money.

Whether it is China's socialist market economy, South Africa's ethnic conditions, or India's caste conditions, Morgan Stanley adapts quickly and well.Compared with Goldman Sachs, which invested in raising pigs in China, Morgan Stanley entered China's real estate industry without hesitation, raising funds as high as 45 billion US dollars at one point, which was about 400 billion yuan in that year. With the growth rate of Chinese properties, In any case, it is much more cost-effective than raising pigs.

In addition, Morgan Stanley is also actively involved in the acquisition of non-performing assets in China. In 03 alone, they took away 40 billion and (5 million non-performing asset packages from China Construction Bank twice, 97% of which were real estate. Assets, if you put them away for a few years, the non-performing assets can overflow with profits.

What's more, as an American company, Morgan has never been stingy with commercial bribery and insider trading—it's not that American companies don't know how to do commercial bribery and insider trading, but because the cost of commercial bribery and insider trading is relatively high, which is unusual The company can do it.

Time magazine exposed the China Peterson bribery door of Morgan Stanley, and replaced it with an ordinary American company. Such a blow can destroy the foundation of the company, but it can be placed on Morgan Stanley, as if nothing happened , The so-called background and strength are exactly like this.

Such an unruly American investment bank was welcomed by foreigners like Sioux City, and his expression was much more enthusiastic than usual.

The trader from Morgan Stanley had a strange expression and asked in surprise, "Are you going out to eat now?"

"Can't you eat?" Su Cheng looked at Qi Xiao, thinking that there were some special rules.

The other party pointed to the big screen and said, "Now is the important time, if Chairman Su Cheng doesn't command, is it okay?"

"Oh, I'm not directly involved in the operation...Mr. Jones." Su Cheng looked at the sign on his chest.

"You can just call me Joan." The trader at Morgan Stanley put on a stick, with a familiar look, and said with a smile: "The chairman of Suzhou City has no financial background, but he can do it..."

"What kind of cooperation do you want to discuss with me?" Su Cheng interrupted his compliment.

Jones followed his footsteps closely and whispered, "Are you talking here?"

"Then talk in the car."

While talking, he left the futures exchange.

Su Cheng got into the car on his own, Jones sorted out his thoughts, and asked, "I have an idea about Dahua Industrial's operations."

"Oh."

"We guess that Dahua Industrial will end short selling in the near future."

"Why, Morgan Stanley doesn't believe that crude oil will return to low prices?" Su Cheng raised his head comfortably.

Jones smiled and said: "In the short term, it may be possible to increase the supply, but in the long run, the demand for crude oil increases more than the supply."

"Well, what do you want?"

Jones also wanted to discuss theoretical issues with Sioux City, which is what traders from American investment banks are best at.However, Su Cheng was simple and straightforward, so he had no choice but to follow suit: "We hope that when Dahua Industrial is doing more, we can cooperate with Damo."

"Pan Asia Fund." Su Cheng corrected again.

Jones smiled wryly and nodded: "Yes, Pan Asia Fund."

"It's Morgan Stanley who wants to cooperate with Pan Asia Fund?" Su Cheng asked repeatedly.

After thinking about it for a while, Jones realized that Sioux City was talking about who would be in charge. He hesitated for a while, and said, "Morgan has prepared 30 billion US dollars, and if the Pan-Asian Fund invests more funds, Morgan Stanley and the Pan-Asian Fund will cooperate."

For example, this kind of enterprise is very risk-oriented. It is impossible for Morgan Stanley's 3000 billion assets to be invested in a certain direction, especially for pure speculation, and 30 billion US dollars is not too small.

The Pan Asia Fund naturally has much more funds. However, it is hard to say whether other people are willing to follow after the short-selling state is over. After all, the seven oil production companies cannot completely ignore the political axe and repeatedly sell short and long. , the risk is naturally multiplied. On the other hand, the Pan Asia Fund can make money by shorting, but it does not mean that it can also make money by doing long. Especially when the funds are very large, the focus is not only on the right time to enter, but It's about exiting at the right time, and it's not that the more funds the better.

Su Cheng said without comment: "If there is such an opportunity, I will consider you, um, we are here, what should we eat together?"

Jones turned his head and saw that it was a hamburger fast food restaurant. He couldn't help but rubbed his stomach, shook his head and said, "No, today is Juice Day."

"That can't be helped." Su Cheng smiled and got out of the car to buy food.

Yang Jingshan came in the car behind, followed Su Cheng in line, and said with a smile, "Su Dong just made so much money, at least he should have a French meal to celebrate."

He read "French Dinner" in Hong Kong-style Mandarin, which is quite foreign.

Su Cheng touched the coin and came out, said with a smile: "I don't have much time, after eating, I have to go back quickly."

"There's still a big show tonight?" Yang Jingshan's eyes twitched.

"It's still a while before the market closes, so it's hard to say." Su Cheng smiled.

……

Back at the futures exchange, Su Cheng focused on letting Qi Xiao see the situation of the American investment bank, and there was not much capital increase, so he didn't care about it.

After all, the City of London is not the territory of the Americans, and they will not invest too much here in order to concentrate funds.As far as the current situation is concerned, no matter whether it is short or long, it does not make much sense to join later.

What's more, the gentlemen who entered the field, how to return with a full load, or how to leave with less injuries.

"14.40, how about the power of multiple parties?" In front of Su Cheng was a dazzling electronic screen.

Qi Xiao said cheerfully: "Sumitomo probably won't be able to survive, and there may be a slight downward trend."

"Yeah." Su Cheng silently watched the minutes, watched the oil price reach 14.30, and then ordered: "Call Aliyev and see if he can send a message now."

Qi Xiao went without hesitation.

Aliyev's family has US$10 billion in the Pan-Asia Fund. Although there is no directorship, the profit is not a lot.As far as the current oil price is concerned, he has earned at least one and a half billion US dollars, which is comparable to Azerbaijan's treasury revenue in previous years.

With so much money, and it can increase his own profits, Aliyev really doesn't care about a few press conferences.

In fact, he not only went to the press conference himself, but also tied up the Saudi oil minister and asked him to announce what OPEC has learned about the global supply situation.

OPEC has a tradition of paying attention to and mastering crude oil production, especially when they use production to speak, the relationship between actual production and nominal production is very important.

In OPEC's reports, the percentage of fulfillment of responsibility is often mentioned, which is actually the percentage of actual production relative to nominal production.For example, OPEC decided to reduce production by 100 million barrels. Iran was allocated 15 barrels, but actually only implemented 10 barrels. OPEC's fulfillment of responsibility percentage is only 10%.

In most cases, except for Saudi Arabia, which has never minded reducing production, other countries will always delay their performance of reducing production capacity, and always exceed their production increase functions.

10 barrels of crude oil is at least 150 million barrels of US dollars in revenue, not to mention Arab countries that rely entirely on crude oil for survival. Throwing it to a certain department of the Chinese government does not mean that it can be reduced by reduction, and it will also be discounted. To procrastinate.

However, unlike other incomes, crude oil income is very easy to detect.The first is its sheer volume.

10 barrels is nothing in the futures market, and it is nothing in government reports, but in reality, this is the transportation volume of an oil tanker that is bigger than an aircraft carrier, and it can hold 00 Wagon.

There are only a few ports that can berth more than 10 tons of ships. A ship the size of an aircraft carrier sails here and there every day, plus the import volume of 00 fuel tankers. As long as you are careful to record, how can you not know.The same is true for crude oil pipelines. Send two engineers with similar IQ and technical level to know how much crude oil passes through the pipeline.In the age when pipelines were insufficient, every ton of oil here was queued out, and it was difficult to conceal the problem of smuggling.

In addition, the sales records or delivery records in the international crude oil market, and even the storage warehouses of oil-producing countries, are also very easy to check.

It may be easy to hide 10 tons of gold, but it is too difficult to hide hundreds of thousands of tons of liquid crude oil.

Therefore, the OPEC oil-producing countries that do not fulfill their responsibilities are actually stiff-necked and do not fulfill their responsibilities. OPEC is not a centralized organization, and their regular inspections are to some extent a kind of urging.

Due to the characteristics of crude oil trading, OPEC monitors the crude oil spot market, which accounts for about 8% of the world, and monitors the delivery warehouses of several crude oil futures exchanges, so it can almost know the recent export crude oil production. As for non-export They don't really care much about crude oil production. For example, the crude oil sold by China's Shengli Oilfield and Daqing Oilfield is only considered by OPEC. OPEC doesn't control and doesn't want to control the domestic consumption.

The seven oil companies participating in the Pan-Asian Fund are all international oil companies. Most of the oil fields under their names are used for export, and many of them are in OPEC countries. Their production capacity increases or decreases must be reported to the permanent office of OPEC.

For example, Dahua Industrial's Setan Oilfield must explain its production from time to time, otherwise, the UAE will use its own infrastructure to block the export of oil companies.

For an oil field, if the oil pipeline is blocked and the tankers do not come, no matter how much oil is produced, it is useless.

In the case of volatile oil prices, OPEC announced that what it knows about the global supply situation is also normal.But this time, because of Aliyev's factors, Naimi was forced to attend an inappropriate press conference at an inappropriate time.

And when he uttered the words "global crude oil supply is oversupplied", oil prices fell in response.

"Take it." Su Cheng's face was calm, and the veins in his fists were about to pop out.

This catch was completely beyond his imagination.

Of course, it is beyond the imagination of Sumitomo and other fish groups.

... (To be continued.)