My Age of Investment

If Xia Jingxing didn't pick up Blankfein, this guy is indeed a bit Versailles. Among the five major investment banks on Wall Street, only Goldman Sachs has the most comfortable life.

Other institutions suffered heavy losses due to subprime mortgage derivatives and were even on the verge of bankruptcy. Only Goldman Sachs not only did not lose money, but also achieved a profit of US$3.22 billion in the fourth quarter. The total net profit for the whole year in 2007 reached a record. $11.6 billion.

Damn, he still said that he was in trouble, which was really too pretentious.

If he were Mai Jinheng, he wouldn't look down upon such pretense.

However, Xia Jingxing knew that what made Mai Jinheng unhappy was not this, but another matter.

Under the gazes of the two old men, Xia Jingxing did not rush to express his position, but invited them to sit down together.

After sitting down, Xia Jingxing ordered a cup of coffee and took a sip, "Not bad, authentic Jamaican product."

Blankfein smiled. Knowing that this little guy was once again performing Tai Chi, the quintessence of their country, he didn't rush him. Anyway, it was enough not to let Morgan Stanley monopolize such a big deal.

When Mai Jinheng saw this, he was quite helpless. Vision Capital had been doing business with both of their investment banks at the same time, impartially, and the bowl of water was served evenly.

Although he is young, he knows the art of balance very well.

Seeing Xia Jingxing pretending to sample coffee, Mai Jinheng sighed slightly in his heart and could only give up those unrealistic fantasies.

"Daeron, just tell me, what do you want to do next?"

Xia Jingxing glanced at Mai Jinheng who was speaking. Old Man Mai still had trouble concentrating. Look at Blankfein, who was still enjoying his coffee.

But then he thought about it, Morgan Stanley had suffered such losses, and if he were the CEO, he would urgently need to improve his performance and get some good news.

"The total revenue swap cooperation agreement drafted last time needs to be improved again."

After hearing these words, Blankfein and Mai Jinheng were mentally prepared, but they were still secretly stunned. How much did they earn?

"Previously it was a maximum leverage of five times, with a maximum stock position of $50 billion."

Xia Jingxing put down his cup, leaned his body on the soft and comfortable chair, looked at the two old men whose eyes were full of expectation, and said calmly: "There is no need to change the leverage. Let's change the upper limit to 100 billion US dollars. If the situation is ideal, it may still be possible." Numbers will be added again.

It’s still the old rule, one organization takes half of the orders. "

Hearing such a terrifying number, even Blankfein became uncomfortable. He said, "Darren, such a large amount of short selling will cause serious market panic. Maybe the regulatory agencies will intervene."

Mai Jinheng nodded slightly, rarely holding the same view as Blankfein: "Any free financial transactions are just fools. Once there are unbearable losses, no government will stay away."

"There is also leverage, which must be reduced. I think 1:3 is more appropriate. US$20 billion can leverage US$60 billion."

Blankfein said: "Even so, it is quite troublesome to operate, just like a giant beast turning over in a pool, it will set off huge waves."

Xia Jingxing smiled and said: "That's why we hope to use the branches of Goldman Sachs and Morgan Stanley to invest around the world to achieve the effect of diversifying funds."

Blankfein was silent. He knew that the other party wanted to use Goldman Sachs to cover his actions. Goldman Sachs earned some handling fees and financing interest, while the other party achieved the goal of shorting the global financial market efficiently and quietly.

He glanced at Mai Jinheng, who was also looking at him.

He knew that his old friends and colleagues sitting across from him were already interested. Morgan Stanley currently needed such a large order to improve the company's performance.

Blankfein quickly made a decision, "If you accept triple leverage, Goldman Sachs will have no problem."

"There is no problem on Morgan Stanley's part."

Xia Jingxing nodded lightly. Three times the leverage would be three times the leverage. After all, with such a large sum of money, it is indeed difficult to move freely as in the past. At the same time, some risks need to be prevented and controlled.

"Within three days, Vision Capital will remit the entire first deposit to your account."

Mai Jinheng asked: "So fast?"

Xia Jingxing smiled. This cooperation agreement has actually been negotiated for some time. The reason why it has not been made yet is because the investment income in the subprime mortgage derivatives market has not yet been delivered, and at the same time, the short-selling targets still need to be inspected and studied.

Everything is ready now. If you don't come in, you won't be able to get a hot bite.

Blankfein is very resolute in his work, "I will hold a meeting when I go back and immediately arrange for the securities brokerage department to connect with you. You can choose investment targets and trading types from the United States, Europe, Japan, Hong Kong... various regions and countries.

Your people only need to do research and issue orders, and we will be responsible for helping you borrow stocks to sell short. "

Mai Jinheng also began to express his position, saying that he would take immediate action.

Xia Jingxing nodded slightly. In fact, there is no big difference between total return swap and personal financing stock trading, except that the name of Envision Capital will not appear in the short position list, but the two major investment banks will appear.

These two companies have strong brands and are not afraid of liquidation by financial regulatory agencies in various countries in the future.

But Vision Capital is different. It doesn't have a big backer. If it still wants to get involved in the financial market in the future, it will have to play dirty tricks.

Spending a small amount of money to hire two major investment banks to do the work can completely put the blame for disrupting the market on the two scapegoats. Anyway, these two companies have too many lice and no worries about too much debt.

…………

…………

After leaving the United Club, Xia Jingxing went to Building 40 on Wall Street, summoned Liu Hai, Jiang Ping and other senior executives, and formally issued the departure order.

“I’ve finally waited for this day!”

Liu Hai was very excited. He had long wanted to be a big short seller. The financial reports of the five major investment banks were just the first fig leaf to be unveiled, and there would be second and third ones...

Jiang Ping acted very calmly and talked about his analysis in the past few months: "The subprime mortgage crisis started in August last year, and then governments of various countries stepped in to rescue the market. Although the stock market fluctuated, the overall decline was not large.

If we take action now, the risk is still very high, and we need to be prepared for a long-term war.

More importantly, if we want to make real profits, the impact of the subprime mortgage crisis must continue to expand. "

Xia Jingxing looked at Jiang Ping with a smile and asked, "Do you think the impact will expand?"

Jiang Ping smiled and said, "It is a high probability event that the impact will expand. The key is that we must be able to wait and hold on."

"Don't worry, I have made up my mind this time. No matter how the market rebounds or loses, I will be short for a whole year."

Xia Jingxing's eyes were firm. Lehman Brothers has not yet fallen. When this giant falls, a financial tsunami and waterfall-like collapse will brew.

In addition, he only spent 20 billion US dollars to short the stock markets of various countries, and he still had nearly 10 billion US dollars in funds reserved.

Stock market rallies, short squeezes, margin calls...these are all taken into account.

The general trend is inevitable and no one can stop it.