"Chairman, what a happy event! Those gangsters at AIG have finally signed a formal contract, hahahaha... Our dream has come true, and the AIG Group is in our hands."
"Haha, a bunch of stubborn donkeys, dragging and beating him away. It seems that Douglas finally recognized the reality."
"The chairman's foresight and foresight, especially his ultimatum, completely destroyed their remaining dignity and self-confidence, and they had no choice but to sign an alliance under the city and complete this humiliating merger and acquisition transaction."
"Haha, I had no choice but to do it."
Facing Huo Jiaguang's admiring look, Wang Yaocheng pretended to smile calmly, but his heart was already about to jump out of his chest with joy. He walked to the wine cabinet covertly and poured two glasses of red wine himself.
"When the good news of victory comes, how can we not congratulate it with wine?"
"Iemitsu is fortunate enough to have experienced all this personally with the chairman. After retirement, I can still have endless aftertaste! This is a toast to the chairman's talent for his global layout. He can get the chips he likes and complete the business layout of the entire consortium."
"Hahaha... I'd like to borrow your good words, cheers!"
"cheers!"
After drinking all the red wine in the glass, Wang Yaocheng's face became more and more rosy. He walked to the floor-to-ceiling glass curtain wall of the office, overlooking the white clouds passing by his feet, and the blue Victoria Bay stretching into the distance, feeling in his heart
Full of pride.
"Chairman, this time the contract with AIG has been officially signed. We plan to postpone announcing the matter to the news media for three days, allowing HSBC to make a time lag and take over AIG's overdue bank loans totaling US$66 billion."
"Well, let HSBC take care of these things and try to do it as quickly as possible."
"Understood."
Most of the bank loans obtained by enterprises in their operations are short-term loans of one to two years. The larger the scale of the multinational enterprise, the more banks it cooperates with, because the amount of funds required is relatively larger.
Before the acquisition by Royal Family Fund, the overdue bank loans of American International Group, which was deeply involved in the subprime mortgage crisis, were imminently called upon. All banks were worried that these loans would not be recovered and would eventually become a bad debt.
After the acquisition, it was completely different. With the Royal Family Fund as its back, the money in the family was endless, and it immediately transformed from garbage into a high-quality loan.
In the blink of an eye, the ugly duckling turned into a white swan.
How could it be so magical?
The financial market is so magical, and the power of confidence is infinite.
After all, with the endorsement of the consortium, HSBC is of course willing to take over this part of the due loans. The large number and high amount of these due loans will help HSBC increase its high-quality loan ratio by at least three percentage points.
Banks are in the loan business. If you don't do business, you would be a fool!
Of course Wang Yaocheng protected the core enterprise of his consortium. HSBC's request was passed easily by him. Huo Jiaguang saw that his boss was in a particularly happy mood and asked with a smile;
"Boss, where will your next step be, can you tell us a little bit about it?"
"Oh, then let me test you."
Wang Yaocheng walked to the desk, picked up a stack of information and handed it over, saying, "These are the several options I have considered. Which one do you think you will choose in the second step?"
Huo Jiaguang took the information with both hands and said seriously, "Boss, please sit down for a while. I want to take a serious look at it and then think about it, and strive to give a qualified answer."
"Haha, just sit down and watch!"
Huo Jiaguang nodded, sat down on the sofa next to him, carefully read through the information in his hand, and nervously used his brain to figure out which company would meet the consortium's development plan.
There are eight companies in the information in his hand, namely;
Swiss ABB Group, Telefónica, Rio Tinto, Goldman Sachs, Vodafone, Merrill Lynch, Washington Mutual, Wachovia Bank.
Every multinational company in Huo Jiaguang's hands is a well-known company with a far-reaching reputation in the field. He is well-known in the industry. He holds these few pieces of information in his hands and feels that they are very heavy.
Although he had always admired the chairman's grandeur and ambition, Huo Jiaguang still felt inexplicably shocked when he actually saw these pieces of information in his hands.
He quietly looked at the chairman and saw that he was leisurely watching the fish swimming lightly in the Nuo Da Aquarium, his slender fingers gently tapping his knees, looking very leisurely.
Huo Jiaguang quickly withdrew his gaze, forced to suppress the shock in his heart, and devoted all his attention to the information.
You can use the elimination method first, and exclude Goldman Sachs first.
Because Goldman Sachs is not simply an American investment bank. It is an effective tool for British-Americans to rule Wall Street. It represents a huge influence in the political and financial circles. It will never be acquired. At best, it will become a senior partner.
From the perspective of the consortium’s development strategy;
HSBC and AIG will become the two pillar companies in the banking and insurance industries and will naturally be integrated into the core layer. Among all financial licenses, there is still a lack of the world's top securities and investment banking companies.
Then Merrill Lynch will become a natural goal and complete the last piece of the puzzle of full financial license. Finance, insurance and securities investment banking will all be at the top level in the world.
Although HSBC, Smithsonian and American International Group all have securities and investment banking businesses, compared with the world's top Merrill Lynch, the difference is insignificant and cannot be compared together at all.
But then again, it is probably unrealistic to take over the huge AIG Group just after it was taken over, and then take over Merrill Lynch. At least it can be done slowly, and it can be ruled out.
The Swiss ABB Group has always been wanted by the consortium. It has excellent quality and good revenue. However, it was affected by the general trend of the international economy and its stock price fell in 2008. It will perform much better than other companies.
His problem is that UBS Group is eager to withdraw funds, which may become an entry point for the consortium and should be focused on.
As for Vodafone and Telefonica, given the current appetite of the consortium, I am afraid that they cannot afford it. Telefonica is more likely to choose one of the two, but the priority will not be too high.
Because the second phase of the 3G infrastructure projects of Hong Kong Global Telecommunications Company and British O2 Telecom Company has been completed one after another, it covers 215 million people in Europe, 445 million people in Asia, and 122 million people in North America. It is initially built to cover the whole world.
The world's wireless communications networks.
Vodafone and Telefónica can further enhance communication network coverage in Europe and North America, but their priority is not high and can be temporarily excluded.
Because the consortium invested in the American Telephone and Telegraph Company, it was the second largest shareholder, had considerable say, and had strong allies in North America.
After the acquisition of AIG Group, the US$500 billion held by the Royal Family Fund was rapidly reduced to US$400 billion, and at least US$80 billion must be reserved to invest in the bottomless pit of AIG Group.
Calculated this way, a maximum of 300 billion U.S. dollars can be used. Of course, it cannot be done arbitrarily.
Huo Jiaguang now knows that he will definitely acquire Rio Tinto and the Swiss ABB Group. These two companies will have to remove at least US$200 billion in reserves, leaving at most US$100 billion for acquiring other companies.
If the opportunity is right, perhaps more investment can be made. It depends on what the chairman thinks?
Huo Jiaguang glanced at the information of three companies: Rio Tinto, Washington Mutual Bank, and Wachovia Bank. He couldn't make up his mind for a while. Which one should he choose?
HSBC is the core pillar of the company, and its development priority is of course the highest!
He hesitated for a long time and finally chose Wachovia Bank.
Compared with Washington Mutual, which has a bigger problem, although it is the largest home loan bank in the United States, it is also in deeper trouble. Its rescue is so laborious that it can make one lose a lot of hair.
Huo Jiaguang feels that Wachovia's business scope is more focused on the southeastern and central United States, and is more complementary to HSBC's banking network, requiring less capital investment.
"How's it going? Have you made your choice?"
"To make the boss laugh, I chose Wachovia Bank. I think from a practical perspective of business scope and complementarity, it is in HSBC's interest to be the first to acquire Wachovia Bank. I prefer to attack him first."
"Haha...then what happens next?"
"It should be...Rio Tinto. After all, it is the largest company, and the British board of directors is quite difficult. The acquisition must be full of twists and turns, and it will never be smooth sailing."
"What about the next step?"
"Well, I think it should be the Swiss ABB Group. It is very helpful to the group's industrial field. It is also oriented to the future of robotic automation and can form synergy with the consortium of high-tech enterprises."
Wang Yaocheng smiled noncommittally, picked up a cigar and lit it, letting the smoke cover his figure and make it more hazy.
Huo Jiaguang sat on the sofa like a primary school student, with his hands on his knees motionless, humbly waiting for the Boss's comments, his attitude was extremely sincere.
a few minutes later
Wang Yaocheng nodded enigmatically and said slowly, "The difference is not too big, but the order is all wrong."
Huo Jiaguang's heart skipped a beat when he said this, but he didn't dare to say anything. He just became more humble and listened to the chairman's teachings.
Bright sunlight shines in from the floor-to-ceiling glass, coating Wang Yaocheng's tall figure with a layer of golden light. It is looming through the refraction of the smoke, as if he is at an altar, and only his voice can be heard talking;
"From the perspective of the laws of nature, any natural disaster that causes greater damage will be shorter in duration. For example, earthquakes and tsunamis release earth-shattering potential energy in a short period of time, causing most of the damage.
The same is true for storms and hurricanes. They release the strongest damage the first time they hit the mainland, and then gradually weaken into tropical cyclones or strong winds and showers, bringing continuous subsequent damage.
We can also observe similar characteristics of the financial crisis.
The dark clouds of the subprime mortgage crisis have continued to accumulate and have remained silent, like the Sword of Damocles hanging over the world economy.
Since July 2008, the world's financial world has been bombarded with bad news one after another, which shows that the real outbreak is not too far away.
a few days ago
Citibank announced that it expected to lose US$700 million in July and lay off 24,000 employees worldwide. It has already laid off nearly 50,000 employees. The loss of more than US$2 billion announced by Citibank is such a huge effort.