Chapter 414: There is no way to kill the fat sheep

In addition to local investment promotion departments, those who are eyeing the overseas investment returns of Qingyun Group include certain capitals in Southeast Asia and Yutai Capital, which has come to its senses and realized that it is just a sedan chair for others.

Everyone tried their best to get money out of Li Zehua's pocket, using resources to exchange at the government office and Southeast Asian capital to play the emotional card.

Squid Capital has not yet figured out whether he is the culprit who exposed the European banking crisis, but it is certain that this guy must have made a lot of profit from it.

He was trying various ways to coax the idle funds in his hands. BlackRock and Vanguard State Street came to him wanting to cooperate, and Citigroup Express offered various benefits to seduce him.

It's a good plan. Take his money and invest it to earn stable fees, then invest in his company and enjoy the surge in valuation.

In response to this, Li Zehua declined the offer directly and said that only Qingyun Electronics, which was heavily dependent on external parties, would consider further financing.

However, Qualcomm will not give up this opportunity to acquire shares. Just kidding. Although everyone is an ally, the bulk of the money earned through the platform being divided up by others is different from Qualcomm shareholders earning the bulk of the money.

Even though Qingyun Electronics' asking price is very high, Qualcomm's interest remains unabated. After all, he is rich. He pretended to be making losses to deceive everyone, and his tragic experience spread in certain circles after the fake drugs were stopped.

Everyone suddenly realized, oh my, there turns out to be a financial giant hiding here?

Apart from anything else, the huge sums of money in overseas accounts, easily amounting to tens of billions of US dollars, make everyone salivate. Unfortunately, the Qingyun Group has already become a dominant force and has gradually established a foothold in the south.

Recently, it has been spending a lot of money in the northwest, actively responding to the grand strategy of developing the west, and has really won the favor of a large number of people.

At this juncture, the Yuqing government could no longer sit still and commissioned Jiang Yi, the managing director of Qingyun Great Eastern Insurance, to come directly to the door.

“It’s useless. A person can only own tens of millions or hundreds of millions of dollars at most. Once it exceeds tens of billions or hundreds of billions, you become a temporary distributor of wealth, just keeping it for the whole society.

If you do well and satisfy a small group of people at the top of the pyramid, you can continue to enjoy the glory.

Otherwise, you have to keep a low profile and not let anyone find any flaws, or sooner or later you will lose this huge fortune."

At the foot of Tianshan Mountain, Jiang Yi, who came from afar, held a piece of grass in his mouth and slowly conveyed the views of the people behind him, "The matter of Yuqing can't be delayed any longer, and both China Life and PICC have been persuaded.

The share swap and licensing negotiations have been temporarily suspended. To put it bluntly, they are targeting the funds in your hands.

Who should use the resources and how to use them? Your say has no say. Others are forcing themselves to have a share of the pie.”

Li Zehua frowned slightly, "What conditions?"

If possible, he would like to go abroad for a while, but it is too sensitive and may easily lead to misunderstandings from his superiors.

For example, the Shanghai government is already very impatient, what are they doing?
As an enterprise cultivated and supported locally in Shanghai, it can be understood that it often spends money outside and signs an investment contract of 20 billion yuan with Qin Province.

What does it mean to promise to invest 50 billion in the Western Region over five years?
The leaders of Shanghai personally called to inquire. Investing in, developing and stabilizing the Western Regions is a major strategy that everyone has jointly formulated. Some investors are willing to pay out of their own pockets to solve the problem.

Everyone is happy to see the results.

But this person should not be Li Zehua, and he should not make the decision privately without going through the Magic City. With such a huge investment, shouldn’t the government step in to negotiate?

It's such a waste of resources. There are countless points that can be used for transactions, but they were wasted by him. It's such a waste of resources.

Fortunately, Governor Zhang took the initiative to explain for him. After all, he was once the father-in-law of his hometown and they had a good cooperation foundation in Star City. He also agreed to some special requests from the Magic City, which resolved the conflict.

After being given a beating and gaining the favor of a group of members of the aid working group to the Western Regions, Li Zehua has been much quieter recently, and even the negotiations with home appliance manufacturing companies were handed over to the government in Shanghai.

Now that Yuqing has come to him again, he is really overwhelmed.

"The price offered by Yuqing Real Estate Group is not high. 3 million RMB for 30% of Qingyun Great Eastern Insurance's shares is slightly higher than the market price."

"Isn't that high? Your internal listing of 50% of the shares is only 3 million, and this is almost double the premium."

Jiang Yi said slowly: "Don't jump to conclusions. The Yuqing government didn't let you suffer any loss. The sedan chair is carried by everyone. On the surface, you paid twice the premium to help them achieve their performance.

They have an explanation to their superiors and subordinates, and a group of people will benefit from it, so naturally they will not forget the benefit you have received.

That person said that as long as the insurance company's headquarters does not move, half of the future tax payment will be left in Yuqing, and part of the recent urban construction projects can be given to Longhu. "

Li Zehua figured out something. "It seems that the contact with the insurance companies in Shanghai, Hunan and Sichuan provinces has worked. What about PICC Life? Why did they suddenly stop the negotiations?"

"Don't be impatient. There aren't that many good things. The urban construction project is such a big project. Do you think you can get a share for free?

People say that the Yuqing government is planning to issue a batch of low-interest dollar bonds in the near future, specifically for public works construction, with a term of 10 years and a face interest rate of 2.5%.

Once agreed, PICC and China Life will naturally continue negotiations.

If we don’t agree, there may be some problems with the issuance of this license.”

Li Zehua was confused, "How much?"

"You heard it right, 2.5%. You also have to bear the additional bond issuance fee. All in all, the annual interest rate is about 1.8%."

Jiang Yi didn't think there was anything wrong at all, because his family was used to playing in Malaysia, and every time they invested in playing games within the control of the nine royal families, they always had to share some of the profits with others.

Low-interest loans are considered polite. In Malaysia, people just reach out for project dividends and you have no choice but to give them.

"How much amount do you want?"

Li Zehua evaluated the insurance company's future earnings in his mind. As long as it was not too excessive, he would give it. He would just consider it as spending money to buy two years of peace.

"$30 million."

Jiang Yi casually spit out a number, "It's not the final number. It depends on how we negotiate. Maybe we can go a little lower."

Contrary to Jiang Yi's expectations, Li Zehua was not angry, but was seriously considering the pros and cons.

"30 billion, 10-year face value actual interest rate is 1.8 points, which means the actual payment is 5400 million US dollars per year, 5.4 million US dollars in interest for ten years, right?"

He also asked him what the minimum discount that Lijiaopo could offer in public financing in the market was.

Jiang Yi couldn't figure out his thoughts for a moment, and answered honestly, "You issued bonds for three years before, and the interest rate was basically 5-5.5 points. One hundred million US dollars has an annual profit of more than 500 million.

But now it is a medium- to long-term public debt, at least 5.5 or more. "

"That is 1.65 million US dollars per year, 16.5 billion in ten years, minus 5.4 million, which means I have to pay 10.1 billion US dollars in interest?"

Li Zehua felt the pain in his heart. "So much money, is it crazy? I might as well just buy another insurance company in Sichuan Province."

"What you can think of, they can think of too. Don't forget that Brother Pi's two short sellings in gold futures this time cost him more than 8 million U.S. dollars, not including Fang Guohui's more than 1 million.

It is exactly equivalent to this interest subsidy.

All in all, you haven't lost anything. You used the money you raised for the second time to stop selling fake drugs to buy more than 200 million US dollars of short options. If you exercise the options now, you will lose more than half of it. So you might as well quit while you're ahead.

Even if you have money and want to buy an insurance company in Sichuan Province, you still need the approval of the China Banking and Insurance Regulatory Commission. If they dare to ask for it, it means they are sure that you can’t pass this test.”

Jiang Yi advised him earnestly, "10.1 billion US dollars is enough to buy a friendship. All previous grievances will be wiped out. If you get 60% of the controlling stake in Great Eastern Insurance, you will earn more than ten times in the future."

"Don't try to fool me. If you want to pay, you can pay the bulk. I can pay the rest, up to 1 million. Just treat it as spending money to get rid of the disaster."

Li Zehua is not stupid. He is not afraid of the other party causing trouble. Qingyun Group has abundant resources and has no original sin of entrepreneurship. He is not afraid at all.

On the contrary, several financial institutions in Lijiaopo that hold shares in Qingyun Great Eastern are very worried that Qingyun will run away with the order. The basis of the cooperation between the two parties is Qingyun Great Eastern, but Qingyun has additional options.

Jiang Yi was anxious. "Hey, hey, hey, how did this matter get to us? We agreed to use the insurance company's future to exchange for 10% of CICC International. Now the transaction has been completed. You don't want to cheat, do you?"

"I don't have such an idea. We had already agreed on this when we started working together. You are responsible for obtaining the license and relocating the headquarters, and I am responsible for achieving an annual revenue of 50 billion and a net profit of over 10 billion within five years.

I arranged for you to negotiate, and after such a long time, you still have the nerve to ask me to pay?" Facing such a strong partner, Jiang Yi was helpless, "You wouldn't ask us to pay as much as 9.1 million US dollars, right?"

It is impossible not to spend money. He wants the future but is unwilling to pay now. How can this be possible? Besides, Li Jiaopo dreams of getting into the core circle of domestic insurance business.

He had finally exchanged 10% of CICC International's shares to retain Qingyun Great Eastern shares. Now asking them to give them up would be more painful than killing him.

"Then I don't care. Anyway, you have to handle this matter well. That's all I expect. Love it or not."

Li Zehua sometimes couldn't understand their train of thought. For example, the negotiations involving Qingyun Holdings and Temasek Holdings were still ongoing, but they could only barely reach a 1:5 share swap.

Temasek Holdings has always insisted on not taking cash, and is trying to take advantage by exchanging 5% of Temasek shares for 25% of Tsing Yun Holdings shares.

Qingyun Investment, a subsidiary of Guang Holding Group, currently holds US$110 billion in sovereign bonds of the five PIIGS countries. It uses a ten-fold leverage to buy them at the most panicked stage of the market.

Only US$9.5 million was used as principal, and even with handling fees it was less than US$10 billion. The remaining funds were all used to leverage and buy spot gold, cotton, and silver.

If you repeat the mortgage to continue purchasing spot gold in Europe, the current price is only US$1250 per ounce. Currently, you can get a minimum leverage of more than 5 times by entrusting any bank.

Qingyun got a great bargain. The interest rate of government bonds soared to 8-10%. That’s not all. Even the principal began to be discounted, with a 95% discount. All of the loans were due to be redeemed within this year and in early 11.

As long as you hold it for half a year, you can get a net profit of nearly 14% based on the face value, and more than 100% if you take into account the leverage. It is hard to find such a large amount of profit in the whole world.

It's just that the speed of gold acquisition is a bit slow. In addition to leveraged funds, it is easy to acquire $400 to 500 billion in the spot market, but people also need to have so much gold in stock to sell.

Li Zehua is planning to make a fortune in gold. If everything goes well, he will have no problem getting more than 1,000 tons of gold and tens of thousands of tons of spot silver within the year.

It only took a year and a half for the prices of gold and silver to rise to historical levels. After he sold them all, he calculated the futures profits, minus the loan repayments.

The remaining portion is distributed among the major banks, financial companies as protection fees (purchasing default swap agreements to ensure that book profits can be received), and the share excluding the partners.

The guaranteed net assets of Qingyun Investment are also US$1 to 4 billion, and this item alone is / of the remaining net worth of Temasek Holdings (the total size of its holdings is far more than this, but it has a lot of debt).

So he did not agree to the share exchange method, but instead requested that the difference be made up with cash, and the required purchase amount be paid in three installments within one and a half years, a 5-for-5 exchange.

This is the attitude towards Temasek, let alone Jiang Yi.

The latter was helpless, "Lao Li, there is no end to making money. Through this continuous long position, you can easily make more than $10 billion in the financial market."

Li Zehua didn't listen at all, "That's easy to say, but why don't you pay the money?

The board of directors held a meeting, and all investors made their attitudes clear that the company was willing to pay no more than RMB 25 billion for an omni-channel license.

This price is not randomly set, but is a reasonable cost calculated based on the expenses incurred by Goldman Sachs, Morgan, and AIA when they acquired shares in domestic insurance companies and obtained similar licenses.

During the previous negotiations with PICC Life Insurance, the other party offered a price of 12 billion in cash plus 30% of the insurance company's shares.

Yuqing offered 30% for 3 million, and it has already reserved 20%, which has exceeded the original bottom line of 5%. You also want me to pay ten times the price to buy it out. How is this possible! "

At the end, he laid his cards on the table, "Go back to Yuqing and talk to us. My request is very simple. I will spend 3 million in cash to buy the 45% stake held by Yuqing Real Estate Group.

The remaining US$1 million will be used as interest subsidy to help the Yuqing Government issue public bonds smoothly.

Then the Yuqing government will help us to contact PICC Life Insurance in exchange for a full license. The conditions remain the same, still 12 billion RMB plus 30% of the shares. I don’t care how the two companies and Ping An divide it.”

"What if we can't come to an agreement?"

Jiang Yi was nervous and looked very unhappy.

Li Zehua didn't make it too difficult for him. He pointed at the endless grassland in front of him and said, "See? This is where the future of the group lies. I dream of raising millions of Tianshan cattle here.

But everyone told me that the risk was too great. No matter how wealthy you are, all your wealth will be wiped out in one epidemic.

But they didn't know that this was the sparsely populated Western Region Province. As long as the main roads were controlled, it would be extremely difficult for any outsider to enter here.

Isolated from human factors, raising cattle here is a natural advantage. The capital of the Western Regions in the west and Gansu and Qin provinces in the east have developed the feed processing industry.

Fruits, vegetables, meat and raw materials are transported eastward, and industrial machinery and chemical products are transported on the return journey. Further away, industrial consumer goods and electronic raw materials also need to be transported.

As long as double load can be achieved in the round trip, the freight cost will be reduced exponentially. As long as this step is achieved, the group will be able to establish an internal economic cycle in the northwest that covers three to five million households.

To benefit more than 20 million poor people, so that they can live a decent life without leaving their homes, the resources of Qin, Gansu and several provinces in the Western Regions are now fully devoted to protecting me.

Including the investments in East China, Central China, Southwest China, and South China, as well as the business delegations that visited Shandong, Henan and other places, once the cotton strategy is successful, there will be a textile industry employing tens of millions of people.

As long as I don't commit suicide, who would touch me?
Even if the fake medicine stops and the people behind him hate me to the core and want to kill me all the time, he can only bow to reality with frustration.

Because I am concerned about millions of people, and the future involves the tangible interests of tens of millions of people."

Jiang Yi was stunned. He couldn't use normal people's logical thinking to measure the man in front of him. Others did business to make money, but he did business to be tied to all of humanity?
He carries the core interests of the majority of people on his shoulders, and plays the role of "prosperity and loss for all", making others afraid to touch him.

It's really fucking great, but why should I cut my own flesh?

He doesn't understand.

"Xiao Jiang, you are still too young, you look at things too one-sidedly, and you can't analyze the problem comprehensively from a global perspective.

Am I working in insurance to make money?
Bullshit, is it faster to make money in industry than in finance? I have made at least $70 billion through the financial market in the past two months.

What was the result? Everyone wanted to pounce on me and eat my flesh and drink my blood. "

Li Zehua smiled and didn't take it seriously at all, "But once we get 150,000 square kilometers of land, we promise to provide long-term employment for one million people and stabilize the conditions of the Western Region.

Countless people stood up and took the initiative to protect my interests.

In my plan, Qingyun Great Eastern Insurance is the most important driving force to help achieve this strategic goal.

Think about it, in addition to the fruits, vegetables, specialty cash crops, cattle, sheep and pigs here, there are more densely populated and economically underdeveloped areas to the east.

The farmers there still need insurance services to protect their lives and production.

The group is not a money printing factory and cannot provide a continuous supply of free assistance. Only through the support of insurance can farmers be free from worries.

Even if each household only receives 1 yuan, what if million people participate in the future? If each household raises five cows and ten pigs, it can generate an additional yuan in income each year, which is also a great income.

When farmers have money, they have spending power, which will further expand the sales markets of other industries in our hands and form a perfect internal economic circulation circle.

Can I compromise in this situation?"

Jiang Yi swallowed hard, "I think you're crazy. If you keep doing this, will anyone else be able to survive in ten years?"

"We'll talk about it later. At least now Yu Qing doesn't dare to come out and ask for a lot of money from me."

Li Zehua was not interested in talking to him any further. He waved his hand and said, "Let's talk according to the conditions we just mentioned. If you agree, we can continue. If you don't agree, I can just find another insurance company with complete licenses to acquire the company."

"No, then doesn't that mean the Great Eastern got nothing?"

Jiang Yi was anxious, "Let me use my connections to negotiate again. At worst, we can each pay half of the cost."

"It's just $1 million, no more, talk about it or not."

Li Zehua took the opportunity to take advantage of him. (End of this chapter)