"These bastards, we told them to stop long ago, but they didn't listen. Now look what we have, they can't even protect their base camp.

But who is Qingyun Group? Is it worthy of getting involved in the controlling stake of Minsheng Group?"

Kong Cang, chairman of the International Trust and Investment Company, angrily slammed a document from the Magic City on his desk and cursed in front of the guests:

“You capitalists should be locked in a cage. If you don’t restrict them, you will cause bigger troubles sooner or later.

Just now, Hong Kong Zhongxin SAIF Investment suffered a huge loss of more than 140 billion in foreign exchange derivatives, and now there is a financial gap of more than 200 billion. I am here to do things, not to clean up your mess every day. "

On the right, Chang Zhenming, Vice Chairman and General Manager of Zhongxin Group and Chairman of the Board of Directors of Zhongxin Group, looked at the data in his hands and frowned frequently, "I'm afraid there are more than what has been revealed.

Dong Shuji, please give me a definite answer. How much liquidity do we need to replenish to help the people survive the crisis? "

The person who came to ask for help was none other than the secretary of the Minsheng Department, Chairman Dong Wenbiao. After receiving the acquisition application forwarded by the Magic City Government, he immediately came to Zhongxin to ask for help.

In fact, the Minsheng Department was separated from the Zhongxin Department when it was first established. The two departments are closely connected and have often advanced and retreated together.

"We need at least 300 billion RMB and an additional 20 billion U.S. dollars to get through this difficult time."

Dong Wenbiao wiped the sweat from his forehead. At this point, he could no longer withstand the pressure from all sides. The investigation team was at the Minsheng headquarters. If he delayed any further, even he would be in danger.

“Why is there still a US dollar issue?”

Chang Zhenming keenly sensed something was wrong. "You're not going to tell me that Minsheng's foreign exchange management and investment department is also deeply involved in the Chicago agricultural product market?"

The word "also" was used well, because Zhongxin's overseas investment department also suffered huge losses of hundreds of millions of dollars during this operation and is currently actively carrying out self-rescue.

In comparison, the Minsheng Group's explosion of a $20 billion bomb in one go really scared Chang Zhenming. Even though he had been in charge of CCB, he had never defused such a big bomb.

Kong Cang was furious when he heard this, "No wonder they came to us with full confidence, as if they had us in their grasp. After all this time, we are all trapped and can't get out."

"Kong Shuji, you must save us. This $20 billion position could go bankrupt at any time. By then, the entire Minsheng Group will be dragged down. Even gods can't save us!"

Dong Wenbiao dared not hide it any longer. In order to protect himself, he chose to tell the whole story. "It was all done by Lu Zhiqiang of the Fanjiang Group and Zhang Hongwei of the Dongfang Group behind the company's back. They are the vice-chairmen of Minsheng.

With the help of a group of Taishan directors such as Shi Tiezhu and Yang Yuanqin, I had no way of refusing. The International Financial Investment Department only invested US$4 million at the beginning.

However, as international cotton prices continued to rise, these people became more and more greedy, and a total of 7 million foreign exchange was invested.

When the market plummeted on the 11th, we were notified by the exchange and were forced to pay the margin. Up to now, we have created a financial gap of US$19.7 billion. If the market continues to plummet tomorrow or the day after tomorrow.

I’m afraid I won’t be able to get a penny back.”

No one knows how anxious Dong Wenbiao is inside. The US market is too ruthless. There is no limit to chasing ups and downs. Once a trend is formed, what awaits the weak side is a massacre.

Sell ​​to close the position?

That would require a counterparty. The top financial institutions that were originally long and the four major grain traders turned against the market and cooperated with Dongda and Oumeng Capital to hunt down international hot money.

These people won't give up until they squeeze out every last drop of oil.

The most crucial thing is that before the Dongda national team took action, it issued early warning information to all its large and medium-sized foreign-related financial institutions, and the Minsheng system was no exception.

Now people’s livelihood is trapped in it. It is not just a simple loss of some funds. This is a crime committed in defiance of the law!
Chang Zhenming took a deep breath and said, "You have set a new record by losing 20 billion US dollars in one go. This matter is beyond Zhongxin's ability. You should just wish for the best."

Kong Cang was even more unhappy, "We have been repeatedly ordered to leave, why are you so stubborn not to listen?
Now that the consequences are so serious, who can clean up this mess?

There are more than 200 billion yuan of related loans that have not been processed, plus a financial gap of 20 billion US dollars. If the news gets out, everyone on this line will suffer. "

"Mr. Kong Shu, for the special relationship between Mr. Rong, Chairman Wang and the Minsheng Department, you must save us.

You are aware of those hidden mines, and we have been dealing with them immediately, but no one would have thought that something like this would happen.

Now only Zhongxin is capable of helping, and we are all in the same boat.

We must not let the Qingyun faction enter the scene at this time, otherwise this bomb will explode and everyone will be doomed."

Dong Wenbiao didn't dare to mention other hidden dangers at all, including investment and borrowing in the steel, coal and bulk commodity markets. In recent years, in order to cooperate with foreign investment actions, the Minsheng Department has mainly focused on these industries.

The scale of credit support provided to industries such as real estate, securities, and insurance has reached an appalling figure, which is why the Minsheng Group accepted the mortgaged shares at the first opportunity.

If the bank does not take over the mortgaged shares of the Fuxing, Panjiang and Dongfang groups, once they are obtained by outsiders, they will follow the clues to find out the parts that involve illegal credit operations.

Then it's not a question of accountability, it's a matter of losing your head.

For example, the Panjiang Group used Minsheng’s money to establish trust, securities, insurance, and real estate subsidiaries, and then repeatedly mortgaged the virtual part of the valuation and used the loan balance to balance the accounts.

They used the balance of financing to impersonate profits and repeatedly issued bonds in the financial market. With a principal of 1 yuan, they managed to make 30 or even 50 yuan through superb financial operations.

In theory, these fortunes should belong to the people's livelihood system, but some people played tricks along the way, bypassed the regulators, and took away the management rights under the pretext of creating more wealth.

Looking back now, it’s all bullshit. For example, the Minsheng shares and Fanjiang shares pledged by Lu Zhiqiang himself had been pledged countless times to other financial institutions.

When they were at their most rampant, they were so unscrupulous that they could take money just by signing their names. For example, on the 8th and 11th, a sum of 150 billion yuan was taken without any strict review.

It was absolutely ridiculous that the funds were directly transferred to Lu Zhiqiang's personally controlled securities company in such a blatant manner.

There was also the matter involving Lenovo Group's share trading. Lu Zhiqiang almost treated the Minsheng Department as his own ATM. He would take as much as he wanted and put the profits into his own pocket.

"Why didn't you mention all these things before? Who are you trying to scare by bringing them up now?"

Kong Dang remained unmoved. He had two months left before retirement and didn't want to get into any bad luck.

"We still have to find the original owner of the matter. Either you find a way to make those people spit out what they ate, or you go to Modu and Qingyun to discuss and take short positions from them to hedge.

Don’t think about looking for liquidity from outside. With such a large amount of funds, even if the company has it, it still has to follow the regulations and procedures.”

In his opinion, Dong Wenbiao was simply too anxious to pay. Even if Zhong Xin had it, would he dare to give it to him at this critical juncture?
And in what name?

Seeing his attitude, Dong Wenbiao stopped hiding it and said through gritted teeth, "A small half of the $20 billion was transferred out with the guarantee of Dingguo Insurance."

"Is Mr. Xiao Lu also involved?"

Kong Cang exclaimed, almost having a splitting headache, "Hasn't he invested in Minsheng yet? Why is he involved?"

"It was Wu Xiaohui who made the call, using the guarantee from a subsidiary of SAIC, totaling $2.3 million. With two additional guarantees, the total shortfall is $7 million."

This is the confidence that gave Dong Wenbiao the courage to come to Zhongxin for help. No matter what, Kong Cang will not give up rescuing Wu Xiaohui, right, Mr. Xiao Lu?

Kong Cang's face looked extremely ugly. What could he say?
Do you want to die without saving anything?

impossible!

Just because his mother had worked as a secretary for that man, and that man had once been as close as a brother to the first governor of Magic City, it was impossible for him to just stand by and watch him die.

If this incident had not happened in history, it would not have been long before Mr. Xiao Lu would have been able to use his connections to successfully take over the Minsheng Group and become the de facto largest controlling shareholder.

Not only did it break the 10% shareholding limit, it also staged a wealth-making myth together with the Minsheng Group, and created the first huge fine in domestic history, an exaggerated figure of nearly 900 billion.

Kong Cang did not hesitate, he took out his mobile phone and dialed the number, then he thought of something and said to Chang Zhenming:

"Let me confirm some things first. You and Mr. Dong can see if you can come up with a solution."

After walking out the door, he asked about what happened on the phone.

Mr. Xiao Lu on the other end of the phone was almost going crazy. "I also saw Qingyun making money in gold futures, and wanted to make some start-up capital in cotton futures, but I never thought I fell into a trap..."

"You shouldn't be so extravagant. Besides, there are so many channels you can choose from, why do you have to go down the people's livelihood route?"

After Kong Cang gave a lecture, he pressed his forehead and sighed, "The only solution now is to find Qingyun Group to solve this problem. Remember, it must be quick.

We need to eliminate the hidden dangers before everyone reacts. As long as we can close the position smoothly, it is a normal entrusted transaction. "Mr. Xiao Lu was stunned. "Will they agree? Even if calculated based on today's closing price, the minimum loss will be more than 5 million US dollars."

"Don't worry about it. Qingyun Group wants to invest in Minsheng and take control of the company. They have to bear the $500 million in bad debt."

After saying this, Kong Cang reminded him again: "I am now arranging for someone to book a flight to the Magic City. Remember, before I arrive, you must ask Qingyun Group to come forward and fill the gap."

Originally, he didn't have a good impression of Qingyun. The other party submitted a request through the Magic City government to acquire the shares of the party that had gone bankrupt, which he would definitely not approve.

Unfortunately, Mr. Xiao Lu was also trapped in it and had no choice but to move.

After hanging up the phone, he entered the conference room, greeted Chang Zhenming, called Dong Wenbiao over, and whispered, "Now your only option is to find Qingyun Group to compromise.

Only they can fill all the holes before the higher-ups start to hold them accountable. Don’t have illusions about others. If they really have the ability, they should have replenished liquidity a few days ago.”

Dong Wenbiao seemed very embarrassed, but in the end he could not bear the pressure and was forced to compromise.

The two also agreed to take the same flight to Shanghai.

But when Dong Wenbiao made excuses that he had to deal with some trivial matters, he immediately put on a smiling face after going downstairs and called Leader Han of the Magic City Yamen and said, "Half of the work has been done. The remaining half needs Qingyun to come forward."

"Okay, you go and find out the attitude of the Federation of Industry and Commerce. If there is no problem, you can draft a formal document and submit it.

Old boss, thank you for your hard work. Once this matter is settled, Qingyun Group will owe you a big favor, and it will benefit you greatly in the future."

After Leader Han finished speaking, he called Li Zehua and said, "It's almost done. You must not let me down. You have to sacrifice in order to gain!"

Dong Wenbiao originally came from Shanghai, had good relationships with all parties, and was an intermediary figure acceptable to all parties. However, he was unable to make any progress within the Minsheng Department.

Because there are people standing behind every director, and these people also use the platform of the Federation of Industry and Commerce to exchange what they have and what they need, and they are quite united in cooperating with foreign capital to harvest resources.

In other aspects, each company found various ways to provide loans to its own group. Almost every core shareholder had bad debts ranging from tens of billions to hundreds of billions.

Dong Wenbiao was in this position and was worried all day long, fearing that one of them would suddenly explode. Now, all the hidden dangers have burst out at once, and he no longer has to worry.

If he handles it well and successfully cooperates with Qingyun's acquisition, he will be able to gain control of the domestic business and will also be able to benefit from the expansion of overseas business in the future.

If not handled properly, the result will be nothing more than early retirement.

"Please rest assured, I will do my best to handle this matter."

After hanging up the phone, Li Zehua went to the temporary financial command center in Shanghai without stopping, mainly to report on the evacuation work in the final stage of cotton futures and the overseas expansion plan of the Minsheng Department.

The two sides have discussed the former many times. Qingyun will be responsible for covering the rear and protecting the national team's withdrawal. This is not difficult because the international hot money that dared to go long has been completely defeated.

The four major grain traders privately negotiated a settlement and gave up about 50 tons of high-quality cotton and other key agricultural raw materials, which are currently being urgently shipped through secret channels.

Goldman Sachs, Morgan Stanley and Bank of America also made enough profits, so they naturally had no interest in continuing to block such a thankless task. It can be said that this time the national team and Qingyun worked together to win a great victory.

Conservatively estimated, the profit is more than $100 billion (Qingyun’s options have not been fully redeemed, and this part of the profit has not been included in the statistics.)
As for Qingyun, after it took over the Minsheng system, it built the Minsheng system's (global) headquarters in Shanghai based on the latter, taking charge of all businesses except Dongda and coordinating micropayment overseas expansion.

The preparations for the globalization of RMB and its participation in future commodity settlements have naturally been approved by the upper echelons, but the preparation stages of this plan cannot be completed in a short period of time.

Fanjiang, Dongfang, Giant, Lianxiang, Hope, and Fuxing, who were once shareholders of the Minsheng Group, lost everything they had after their margin calls and could not repay their loans. Their shares will be auctioned off through legal procedures.

But the remaining hope is how to protect the 30% voting rights of the Federation of Industry and Commerce and the rights of other small and medium shareholders.

Who will fill the mess created by these shareholders and the huge losses left in other financial institutions?
How can we ensure that after Qingyun Group successfully takes over Minsheng Group, it will carry out the global promotion of RMB as agreed?

We need to talk about this slowly.

Now it is Li Zehua's turn to sit back and wait, but the people behind the Minsheng Department can't sit still. As the investigation deepens, more and more financial hidden dangers are revealed.

If we continue to dig deeper like this, I'm afraid no one will be able to escape unscathed.

Regardless of the purpose, they must stand up and take a stand...

"There is news from Temasek Holdings that if Tsing Yun can successfully acquire a stake in Minsheng Group, Temasek is willing to use 5% of Tsing Yun Holdings' shares, plus 15% of Minsheng Group's shares, plus US$50 billion.

Swap 5% of Temasek Holdings shares.”

When I got back to the company, Lin Wenhui was already waiting in the office. As soon as we met, he couldn't wait to speak, "After half a year of discussion, we finally have a clear result.

I asked the group's financial department to calculate that Temasek Holdings owns shares in many groups in China, including ICBC, Bank of China, Bank of China, China Life, and Ping An.

It also owns shares in several large groups in Southeast Asia, including DBS Bank and Lyft, with its public net worth alone exceeding US$2000 billion.

Its 5% stake is worth over billion US dollars. After exchanging shares, Lijiaopo agreed to support Minsheng Group's expansion abroad and approved Minsheng Group to open currency settlement in Lijiaopo.

The licenses for core businesses such as accepting deposits, issuing loans, and opening omni-channel financial institutions are crucial to the group's next development."

"The 15% stake in Minsheng Group is worth more than 1500 billion yuan based on today's total market value of 220 billion yuan, or more than 30 billion US dollars based on the current exchange rate.

In other words, the 5% stake held by the entire Qingyun Holdings is only worth 20 billion US dollars? The entire group is only worth 400 billion US dollars? "

Li Zehua frowned slightly and was not very satisfied with the valuation.

Qingyun at that time was roughly equivalent to Tengda, Pinxixi, Meituan, Ele.me, Alipay, and Half Petal, with a market share of more than 70% in the entire express delivery industry.

This does not include the Tik Tok interactive entertainment, online ride-hailing, sharing economy, and other miscellaneous businesses that have not yet developed, not to mention Qingyun Investment under the holding group.

The cash and cash equivalents it currently holds alone amount to 20 to 30 billion US dollars, and this is the valuation?
Who do you look down on?
"Ah? Does Qingyun Investment count as well?"

Lin Wenhui opened his mouth wide, "Such a profitable financial group, if it were released, it would at least be able to command a sky-high price, not to mention being on par with top investment banks like Goldman Sachs and Morgan Stanley.

Temasek thought that no one in the key negotiating group agreed. "

"Is that so?"

Li Zehua pondered for a while and said, "In the meantime, we should also exclude Dajiang Technology, Qingyun (AutoNavi) Map, Big Data, Power Technology, and online car-hailing and sharing economy, which are companies that have not yet grown up.

Do you think you can do it?"

Lin Wenhui was speechless. "Boss, isn't this too much? The people at Temasek are keeping a close eye on us, and they audit every company very strictly.

For the sake of Qingyun Investment, they would rather not have the $50 billion in cash, and only ask to exchange for 30% of the investment company's shares. The group's negotiation working group has not agreed yet.

If we add these companies to the mix, I’m worried that Temasek will turn against us.”

“Probably not. You can completely assign all companies that are not part of the Qingyun system and have no specific business to Qingyun Investment.

Wouldn’t it be better to have two companies with one boss and no interference with each other, just like Lianxiang Holdings and Lianxiang Investment? ”

Li Zehua is indeed reluctant to let go. For example, Douyin Interactive Entertainment and Big Data Center are two treasure troves that are core enterprises that cannot be sold no matter how much money is offered.

As for the rest, we still need Temasek to provide support in Southeast Asia. We can only exchange today for the future.

“Let’s talk based on this standard. As for the shares of the Minsheng Group, whether the negotiation is successful or not, we will first include them based on the standard of US$30 billion.

If you can get it successfully, of course there is no problem.

If not~"

Before he finished speaking, Wang Fei's voice came from the landline, "Boss, Chairman Kong Cang of Zhongxin International and Chairman Dong Wenbiao of Minsheng Department are here to visit."

"Speak of the devil and he will appear. It looks like this matter is settled."

Li Zehua smiled and said, "Please come in, both of you." (End of this chapter)