My Age of Investment

After returning to London, Xia Jingxing immediately had a meeting, arranged by Li Yaozu, with Stephen Hurst, the new CEO of the Royal Bank of Scotland, who had only been in office for a few days.

The two of them talked very well, like a pair of old friends who hadn't seen each other for a long time.

The UK's second-largest commercial bank was severely hit by the financial crisis. Coupled with the acquisition of ABN Amro, which also suffered heavy losses, it is expected to lose as much as 25 billion pounds for the whole year, and it is almost going to fail.

At the critical moment, the British government injected capital into it, obtained a controlling stake, replaced the CEO, and re-formulated its development strategy.

One of the most important strategies is to shrink overseas business and return to and focus on domestic business.

Against this backdrop, it is not surprising to sell shares in large commercial banks with a thriving business in China, a country that was less affected by the financial crisis.

This scene is also very similar to the retreat of private and government-owned enterprises that have launched large-scale acquisitions overseas many years later. .

However, unlike those bad guys who took over the market at high positions overseas and conducted various liquidation sales when the crisis came, Royal Bank of Scotland made a lot of gains from Bank of China.

Even if Bank of China's stock price falls a bit during the financial crisis, this investment will still not lose money, and it may even make a small profit.

In December 2005, the Royal Bank of Scotland formed a joint consortium with five institutional investors including Merrill Lynch, UBS, Temasek, Asian Development Bank, and Le Hoang Tai Foundation to jointly serve as strategic investors. It invested US$3.1 billion to subscribe for 20.943 billion H shares of Bank of China. The cost per share is approximately HK$1.135, accounting for 8.25% of the total share capital of Bank of China.

Among them, the Royal Bank of Scotland itself invested approximately US$1.6 billion in the consortium, corresponding to holding 10.809 billion shares of Bank of China, accounting for approximately 4.26% of the total share capital of Bank of China.

Today, the share price of Bank of China is still hovering above HK$2, and the floating profit of Royal Bank of Scotland is about double.

However, these stocks have a three-year lock-in period and will not be released until December 31 this year.

By then, it’s unclear whether the stock price will still be HK$2.

Therefore, Xia Jingxing and Hearst only negotiated a framework agreement for the acquisition, and the specific price will be based on the current stock price in two months for the next round of negotiations.

In addition to the 10.809 billion shares of Royal Bank of Scotland, five major institutions including the Le Huangtai Foundation also hold more than 10 billion shares, of which the Le Huangtai Foundation holds about 5 billion shares.

Xia Jingxing is also not sure whether Li Huangtai will sell some BOC shares.

He guessed that there was a high probability that it would! After all, the cash on Lao Cucumber's hand was consumed so much at once, and he was in urgent need of replenishment.

It can also be seen from here that the Li Huangtai family is really cunning. They even hold so many shares of Bank of China.

However, even if Li Huangtai planned to sell his shares and was willing to sell them to Vision Capital, Xia Jingxing would not accept his offer.

Because the good leader Lou Wei found him several good targets.

Bank of America intends to sell CCB’s H shares.

JP Morgan intends to sell China Merchants Bank’s H shares.

Goldman Sachs, Allianz Group and American Express plan to sell ICBC’s H shares.

Citigroup intends to reduce its holdings in Pudong Development Bank.

…

Except for the Agricultural Bank of China, which has not yet been restructured and listed, the stocks of other large commercial banks all appear neatly on the list of foreign banks preparing to reduce their holdings.

Under the financial crisis, large multinational banks in Europe and the United States are bleeding. In addition, the investment in Chinese banks a few years ago has almost reached the harvest period, so this round of foreign bank withdrawals will soon begin.

The major shareholder of the four major banks is called Central Huijin, which is a wholly-owned subsidiary of China Investment Corporation. Therefore, CIC bears the important task of stabilizing the market after the withdrawal of foreign capital.

When the time comes, CIC itself will take over, and at the same time, Lou Wei has also roped in Xia Jingxing to serve the country together.

However, Xia Jingxing did not refuse all banks. He only wanted stocks from the three major banks, ICBC, China Construction Bank, and at most one more, China Merchants Bank.

Having two 100-billion-dollar semiconductor industry funds acquire the stocks of these four major banks can, on the one hand, relieve the market selling pressure caused by the withdrawal of foreign capital, and on the other hand, it can provide medium- and long-term sound financial management for several years.

A few years later, when the capital pools of the two funds gradually bottom out, these bank stocks will eventually be sold and converted into cash to invest in the semiconductor industry.

Since you have chosen All Semiconductor, there will never be any discounts.

However, their evacuation actions will be orderly and will not leave at will like foreign capital, without any concern for causing violent market fluctuations.

This is a friendly cooperation between them and CIC, and CIC will also give back to Vision Capital in other places in the future.

Having said that, it is a pity to sell the stocks of the four major banks like this, but there will still be plenty of opportunities to buy them back in the future.

But the time to buy it back may have to wait until he wants to retire.

In addition to talking about Bank of China stocks, Xia Jingxing also told Hester about Liverpool FC.

When he heard Xia Jingxing praising Liverpool as a football club with a glorious history, and that the results of the competition should not stop at the status quo, Hurst immediately understood the elegance of the song.

Isn't it just a ladder?

They are the best at this kind of thing, because they do it so often that they are almost considered craftsmen.

For such a trivial matter, Hearst immediately expressed his support and took care of everything.

Xia Jingxing was very happy to know that this matter was basically done.

In corporate acquisition operations, European and American capitalists are accustomed to making a fuss about debt.

As the major creditor of Liverpool Football Club, the Royal Bank of Scotland wants to gain control of the club, or the right to dispose of it.

However, this is a modern civilized society after all, and taking advantage of others by taking advantage of others is not allowed. Some procedures that comply with commercial laws still need to be followed.

Therefore, Xia Jingxing needs to wait a little longer before he can take control of Liverpool.

He is not in a hurry about this. Anyway, this season's Premier League has already been played for a quarter of the season. If he takes over a few months earlier, it will not have much impact.

He gave the two old men a chance, but they had to commit suicide.

Then we can only send the Royal Bank of Scotland, a powerful thug, to fight evil with evil!

…………

…………

After handling and arranging all matters in the UK and Europe, Xia Jingxing embarked on his journey back to his country.

At noon, the plane landed at the Capital Airport.

As soon as Xia Jingxing led a group of people out of the airport, they were surrounded by a group of reporters who appeared out of nowhere.

The big ones were there. If I hadn’t looked at the equipment in their hands, I would have thought they were some girls from the entertainment industry chasing after popular celebrities at the airport.

"Mr. Xia, tell us about the Volkswagen short squeeze case?"

"Yes, Mr. Xia, you have greatly increased the prestige of us Chinese people this time! In the past, foreign financial giants have always harvested our Chinese companies. It is rare for the Chinese to turn around and deal with foreign capital."

“Mr.

…

A group of Yingying Yanyan held up the microphone and kept crowding in front of Xia Jingxing. The human wall of bodyguards was constantly rippled by the impact.

Xia Jingxing also didn't expect to be blocked by reporters as soon as he got off the plane.

He was a little curious, how did they know about his itinerary?

Thinking of this, he smiled and said: "Everyone, please keep order. I can accept your interview, but you must answer my question first."

"Mr. Xia, please tell me."

"Thank you, Mr. Xia!"

…

The female reporters had very sweet mouths, and they all looked at Xia Jingxing with smiles on their faces, and their gazes became hotter than the others, which made Xia Jingxing a little unbearable.

Why are they all beautiful female reporters? Just use this to test cadres?

To be honest, he still liked being interviewed by the beautiful female reporter.

Men, no one doesn’t like to receive compliments and admiration from the beautiful opposite sex.

Alas, it is estimated that this advantage in him was secretly observed by the major media, and then they came up with the right medicine.

"How do you know I'm returning to China today? Can you figure it out?" Xia Jingxing asked the doubt in his heart.

"Hehehehe, Mr. Xia, didn't you post on Facebook and Weibo? You said you would return to China next week! Today is Monday. We came to the airport early this morning to welcome you back in triumph."

Xia Jingxing smiled. It turned out that he had exposed himself on his own initiative. It seemed that he would have to post less of these things in the future.

"Are you reporters going to be so exaggerated? And you're also using Facebook. What do you call this? It's called "climbing walls to spy on boys."

Also, what if I don’t return home until Sunday? Aren't you waiting in vain? Next time, don’t do this kind of thing. If you want to interview me, just send a letter directly to our company’s public relations department. "

"The wait will not be in vain. We are all prepared to wait for a week! Anyway, the editor-in-chief gave us a fatal order. We must welcome you as soon as possible and get first-hand interview materials."

…

After bragging for a while with these young and well-spoken female reporters, Xia Jingxing accepted their interview seriously.

"Yes! Vision Capital did make a long profit on Volkswagen, and as you might have guessed, the profit scale exceeded 10 billion euros."

After hearing Xia Jingxing's personal admission, the scene immediately erupted in exclamations of surprise.

Some female reporters have interviewed quite a few big entrepreneurs, but they have never interviewed or even heard of an entrepreneur who within a few days earned approximately the same as "the worth of China's richest man" before. Pass.

Because of this, so many reporters came to watch over Xia Jingxing.

Although the Volkswagen short squeeze case occurred in Europe, its impact has long spread to the country.

Before Xia Jingxing, there had never been a financial tycoon in China who was so capable of fighting.

The so-called financial tycoons in China can only play tricks on the emotions of retail investors.

And Xia Jingxing is an international scumbag who has gone overseas and trained more than a hundred hedge funds and institutions at one time.

I also took a photo of Le Cucumber before, but I didn’t accept any interviews from the media during this period.

In addition, this year’s Forbes China Rich List was officially released three days ago.

Last year, Xia Jingxing, the second richest man, regained the throne of the richest man from Miss Yang, and his net worth was estimated to be 100 billion yuan.

The second richest person is Liu Yongxing, the founder of Oriental Hope Group, whose net worth is 20.4 billion, only one-fifth of Xia Jingxing.

The Hurun China Rich List, released a month earlier than Forbes, was even more outrageous, estimating Xia Jingxing's worth at RMB 150 billion.

The second richest man is the boss of Gome Huang, who is worth 43 billion, which is less than a fraction of Xia Jingxing’s worth.

When the two lists were released, Xia Jingxing, because he was abroad, only took a few glances at the two rich lists sent by the two organizations, and then casually put them in the drawer without taking them too seriously.

In his opinion, both organizations made blind assessments.

Because his current wealth is deeply hidden.

Even if the most complex vision capital is not included in the calculation, the equity structures of several other large group companies are so complicated that ordinary people and institutions cannot figure out the situation at all and can only make guesses based on public financing news.

The female reporters became excited and soon asked Xia Jingxing what he thought of "topping two rich lists".

"Actually, most of this wealth is paper wealth. For example, the financial crisis that is affecting the world now has broken out. Many wealthy people, including my own industries, have been greatly affected.

In my opinion, as an entrepreneur, you should focus your energy and attention on responding to the financial tsunami, rather than just paying attention to the false reputation. "

Xia Jingxing spoke so righteously, as if he didn't care about the ranking on the rich list. The reporters didn't want to dig deeper. Originally, they wanted to ask "Forbes" or "Hurun" which list number was more accurate, but now they only I swallowed back the words that came to my lips.

"So Mr. Xia, what measures and preparations have you and your company planned or made to prepare for the full outbreak of the financial crisis?"

Xia Jingxing counted on his fingers, "First, we have reserved enough cash for the winter, which we believe will be enough to withstand the global economic winter that may come next;

Second, our industrial investment fund plans to provide certain assistance to upstream and downstream partners, and VC and PE funds will also provide corresponding assistance to invested companies, so that we can overcome the difficulties together;

Third, we plan to make some investment plans against the market trend and will seize the opportunity of this window to launch some large projects.

Fourth, we have sufficient confidence in the country's ability to withstand and resolve the impact and impact of the financial crisis, and we are firmly bullish on China.

…”

Watching Xia Jingxing calmly enumerate measures to deal with the financial crisis, every reporter present felt something in their hearts.

Now in the whole of China, the man in front of me is the only one who dares to speak so pretentiously, and even invests against the market trend! It’s true that there are many billions of dollars in wealth!

Even the richest Chinese man in the world, Li Huangtai, is not able to deal with this financial crisis so easily. He was severely beaten by Xia Jingxing before, and now he is clearing out real estate in the mainland and withdrawing a lot of cash.

"Mr. Xia, what do you think of the four trillion plan?"

Xia Jingxing glanced at the reporter who asked the question. He was a bit stumped by the question.

How can we see it?

Viewed horizontally, it looks like a ridge and a peak on the side, with different heights near and far.