High into the Cloud Building, crowds of people were walking in a hurry. In the buildings on both sides were various commercial banks and securities companies such as Morgan Stanley, Citigroup, and American Express.
When people walk here, they can't help but feel nervous because of the atmosphere here.
Fortunately, Chu Huan is not such a follower. With Qin Peng and others, the leisurely and contented Chu Huan seems out of place compared to the hurried Wall Street.
Chu Huan's first stop in North America was not Los Angeles. There were still more than ten days before the premiere of "Jaws". Naturally, Chu Huan came to North America so early not only to observe Universal Pictures' response to "Jaws"
of publicity.
In the distribution contract signed between Apex Pictures and Universal Pictures, there is a special promotion contract to ensure that Universal can fully promote "Jaws".
Although the movie "Jaws" achieved epoch-making success in another time and space, Chu Huan understands that a successful movie definitely does not mean that I will show it in a theater and then all the movie fans will buy tickets to watch it.
For a movie to be successful at the box office, it needs overwhelming publicity.
Movies like Jaws are no exception!
Just like "The Ghost Story", which is regarded as the pioneering work by many American entertainment rebirth writers, it created a movie worth more than 200 million U.S. dollars with a shooting cost of U.S. dollars!
The reason why this movie became a big hit at the box office was because as the distribution company, Paramount immediately spent tens of millions of dollars to promote the movie after discovering its potential.
The film was a huge success at the box office.
Without Paramount's later promotion, the movie "The Ghost Story" would not have had a box office of 200 million US dollars, let alone 20 million US dollars!
The same is true for "Jaws". This movie will definitely be successful, but it will also require overwhelming publicity to make this movie have the box office it deserves.
It's just that before Chu Huan came to North America, she heard Kelly call and tell her that Universal was not very concerned about promoting the movie "Jaws". The current promotion was only in the conventional sense, not for big productions.
publicity.
Chu Huan decided to go to Los Angeles to resolve this matter after he settled the matter in New York.
The success of "Jaws" cannot be missed!
The reason why Chu Huan gave up on solving the promotional issues of "Jaws" first and chose to come to Wall Street was naturally because there were profits here that made Chu Huan pay more attention.
In a coffee shop, Chu Huan met Linda from American Express Bank after a long absence!
It was here that Chu Huan leveraged U.S. dollars and earned his first real pot of gold.
And this time, Chu Huan is here to solve part of the funds needed for the land in East Tsim Sha Tsui. Although the surrounding areas of "Fantasy Comics" are still providing Chu Huan with a steady stream of cash profits, Chu Huan cannot do it.
The sheep around "Fantasy Comics" is trying hard to pluck its wool!
After all, he was raised by himself, not by his stepmother.
That's why Chu Huan set his sights on the current economic center of the world. Only here can he bring himself some of the funds he needs.
"Chu, welcome to New York again!"
Linda seemed very happy after seeing Chu Huan.
Can she be unhappy? She made a lot of money the last time she followed Chu Huan.
"Thank you, Linda, you are really getting more and more beautiful!"
Chu Huan said against her will that she always felt like Linda was fatter than when they last met.
Although Chu Huan's current status could already meet directly with the boss of American Express Bank, Chu Huan did not do so. Firstly, because he had already cooperated with Linda before, and the two parties had a happy cooperation.
Secondly, because Chu Huan does not need much leverage this time, or even no leverage at all, it will be smoother for him to continue to cooperate with Linda, just like when Chu Huan first started in Xiangjiang!
"Chu, this time you came to Wall Street, did you find any business that can bring you huge wealth?"
After the greetings ended, Linda followed the principles of doing things for Wall Street people and talked to Chu Huan straight to the point.
Chu Huan smiled and said, "Are the materials I want ready?"
Before meeting Linda, the two parties had already spoken on the phone, and Chu Huan also asked Linda to prepare some information for herself.
Linda nodded, and then took out a thick stack of information for Chu Huan on the chair next to her.
"This is a family business that has been listed in North America in recent years with a market value of about 200 million US dollars. The information includes the shareholding ratio of these families in the company, the company's operating conditions in recent years, and some news within the family, as well as
There is a trend chart of the North American Dow Jones Index in recent years.”
Chu Huan raised his head slightly and signaled Qin Peng beside him to hand over the check that had been prepared to Linda. This was a check of 5,000 US dollars, which could be regarded as compensation for Linda's help this time.
Of course, this remuneration is high, but Chu Huan will still need Linda in the future, so giving more is to increase Linda's work enthusiasm.
Sure enough, after seeing the reward, Linda's face immediately showed a smile.
“It’s a pleasure to work with you, Chu!”
Chu Huan smiled and said, "Have you found the person I asked you to find?"
Linda looked at the ladies' watch on her wrist and said, "I've found it, he should be here soon!"
After the words fell, a middle-aged white man walked in. After seeing Linda, he walked over with a smile on his face.
"Jerry, let me introduce to you. This is Chu Huan from Xiangjiang who asked me to invite you over!"
Linda smiled and introduced Chu Huan to Jerry.
Jerry stretched out his hand and said with a smile, "I have heard about the wealthy Mr. Chu Huanchu in Xiangjiang for a long time, but I didn't expect him to be such a young gentleman. It's really impressive!"
Chu Huan also stretched out his hand and said with a smile, "Mr. Jerry Kolberg, one of the directors of Bear Stearns' financial department, the leveraged buyout you talked about is also shocking!"
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Jerry Kohlberg is a man who will play a decisive role in the future of the North American securities industry. He founded it together with his cousins Henrik Levy and George Roberts.
KKR led the way in leveraged buyouts in North America.
The famous book "Barbarians at the Gate" is about KKR's leveraged acquisition of North American tobacco giant Nabisco. This large-scale acquisition involved 31 billion U.S. dollars, while KKR only used 15 million U.S. dollars, and the rest
All funds come from leveraged funds.
Linda was stunned for a moment and asked Jerry Kohlberg, "Jerry, do you know Chu?"
Jerry Kohlberg had already sat next to Linda and said with a smile, "I don't know him, but I have heard of Mr. Chu's name and know that he has the Midas touch in Hong Kong. In addition, he recently appeared in "
The real estate project with an investment of HK$6 billion reported in the Wall Street Journal was the work of a company under Mr. Chu’s name!”
As one of the most important financial cities in Asia, Wall Street has always been paying attention to the situation in Xiangjiang. Of course, due to today's communication methods, it is impossible to say how well Wall Street knows Xiangjiang.
However, as the most important real estate project in Xiangjiang so far this year, Wall Street must have reported it.
Linda was shocked!
Linda also saw this news report in the Wall Street Journal about the real estate project that Jerry Kohlberg was talking about.
However, this report was not so prominent in the Wall Street Journal, so Linda only knew that there was such a thing, but did not know the specific situation.
But I didn't expect that this project was actually done by Chu Huan.
And Linda also noticed something, which was what Jerry Kohlberg just talked about, a company under Chu Huan's name?
"So, Chu, you have other companies?"
There was no need for Chu Huan to answer, Jerry Kohlberg was already preaching with a smile.
"Of course there is. "Fantasy Comics" and the youth toys surrounding Fantasy Comics are also Mr. Chu's company!"
Linda was completely numb this time!
As an elite on Wall Street, how could Linda not know about the two companies "Fantasy Comics" and Youth Toys!
In fact, not only Linda, but also many Wall Street investment banks are paying attention to these two companies, especially when more and more youth toy flagship stores are opened in North America.
Although the pride of North Americans makes many media reluctant to report on these two companies from Hong Kong, this is not the case on Wall Street.
There is only one rule of survival on Wall Street, and that is profit!
For profit, Wall Street can even sell North America!
Precisely because many investment banks are paying attention to these two companies, they naturally know more than others.
"The Sword Comes"
Although "Fantasy Comics" and Youth Toys are not listed on the market and are not North American companies, they do not need to disclose financial reports, but many investment banks have already regarded these two companies as unicorns!
How could Linda not be surprised when she heard that Chu Huan was actually the boss of these two companies!
"Chu, this is really unbelievable!"
Linda said with a surprised look on her face.
Chu Huan smiled and said, "It's just a moment of good luck!"
Jerry Kohlberg was also observing Chu Huan at this time. As he said before, Chu Huan was so young that he couldn't believe it.
But whether he believed it or not, the man was actually sitting opposite him, and he also wanted to know why this wealthy man from Xiangjiang found him.
"Mr. Chu, you specifically asked Linda to invite me here. What's the matter?"
Chu Huan said seriously, "Since Mr. Kolberg knows about my situation in Xiangjiang, he should also know that I also have a Jiaku Consulting Company in Xiangjiang. If Mr. Kolberg is willing, I hope to hire Kolberg."
Mr. Ge becomes the head of the North American branch of our Jiaku Consulting Company. The labor force is twice that of what you currently have at Bear Stearns. At the same time, after completing each project, there will be a profit share of 3%!"
It is impossible to invite a person like Jerry Kohlberg to Xiangjiang.
But Jerry Kohlberg is indeed a very rare talent. If he can be recruited into the company, it will be of great help to Chu Huan's investment in North America.
So Chu Huan was willing to pay a high salary and at the same time share profits to attract Jerry Kohlberg.
In addition, before coming to North America, Chu Huan had already obtained some information about Jerry Kohlberg from Ma Jizu, and knew that Jerry Kohlberg's work at Bear Stearns was not very smooth.
Jerry Kohlberg is good at mergers and acquisitions, not finance.
This is one of the reasons why next year, Jerry Kohlberg will join two others to establish kkr.
Linda thought Chu Huan was a bit fanciful. Bear Stearns is one of the largest investment banks in North America. As one of the senior executives of Bear Stearns' financial department, Jerry Kohlberg should have doubled the labor force.
You should not go to Chu Huan, an unknown investment company!
In this century, Bear Stearns is indeed one of the largest investment banks in North America and even one of the faces of Wall Street. But by the next century, Bear Stearns will be on the verge of bankruptcy due to the subprime mortgage crisis in North America.
Bear Stearns' crisis stemmed from its bets on real estate subprime mortgages and related derivatives. It relied heavily on financing from the short-term repo market and borrowed overnight funds to maintain long-term assets.
By the end of 2007, Bear Stearns' stock of short-term repurchases exceeded US$100 billion. The interest rate difference between short-term funds and assets has contributed to Bear Stearns' high profits.
Of course, there is nothing wrong with doing this when the market is confident, but once the market loses trust, a terrible crisis will come.
In March 2008, due to the downward cycle of the North American real estate market, derivatives based on real estate subprime loans destroyed the market's confidence in Bear Stearns.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Bear Stearns first experienced a shrinkage in assets, two of its hedge funds went bankrupt, its credit rating was downgraded, and was sued by investors, etc. Then it suffered a liquidity disaster.
After assets shrank significantly, customers withdrew their funds one after another, and counterparties were unwilling to continue financing Bear Stearns. Even if Bear Stearns offered U.S. Treasury bonds as collateral for repurchases, it would not help.
In just one week, Bear Stearns' cash reserves shrank from 18 billion to 200 million. It was no longer able to complete blood circulation through the repurchase market, and the situation was extremely dangerous.
So on March 13, Bear Stearns had to ask the Federal Reserve for help, otherwise it would go bankrupt.
At that time, Bear Stearns had approximately US$30 billion in financial assets, which were mainly subprime mortgage loans, commercial mortgage-backed securities and various financial assets derived from them. These assets were very illiquid and had no transactions.
market, so if these assets are sold off in bankruptcy, it is likely to cause a chain reaction in the market, thereby endangering the security of the entire financial system and signaling the Federal Reserve's decision to intervene.
At first, the Federal Reserve considered pushing the North American Treasury Department to use the Exchange Stabilization Fund to directly acquire Bear Stearns and turn it into a nationalized investment bank. However, the then U.S. Treasury Secretary and former Goldman Sachs co. Hank Paulson did not agree, so
The Fed decided to take matters into its own hands.
However, as the central bank, the Federal Reserve does not have the authority to directly acquire Bear Stearns. Therefore, the Federal Reserve completed the custody of Bear Stearns through large commercial banks.
This is actually the same as the Chinese central bank's use of China Construction Bank to complete the custody of Baoshang Bank.
So the Federal Reserve authorized the New York Federal Reserve Bank to provide $13 billion in loans to banks and provide guaranteed financing to Bear Stearns with a term of 28 days.
In this chain, it acts as a "fund bridge" and is endorsed by the Federal Reserve and the Federal Reserve, making it easier for the market to accept.
In the end, Bear Stearns, a giant bear, was acquired at the price of US$2.00. The once famous Bear Stearns disappeared from Wall Street.
Even if Jerry Kohlberg was an acquisitions genius, he wouldn't have been able to see things this far.
But now Jerry Kohlberg does have the idea to go it alone at Bear Stearns.
What he didn't expect was that Chu Huan from Xiangjiang wanted to join his company.
People who want to work alone naturally don't want to continue to rely on others, but Jerry Kolberg also knows that this is a rare opportunity. Although he will not join Chu Huan's company, if Chu Huan can be his new
It is also a good thing for the company to invest.
"Mr. Chu, you flew from Hong Kong to New York in person, and you specifically chose this time period. I think you don't just want me to join your company, right?"
After receiving Linda's call, Jerry Coleberg deliberately found various information about Chu Huan from various materials. Although there was no way to compare it with the details in Xiangjiang, Jerry Coleberg
Berg also knew the problems Chu Huan was facing now!
That’s the current issue in the Xiangjiang media regarding Chu Huan’s cash crisis!
It happened that at this time, Chu Huan came to North America and Wall Street.
Jerry Kohlberg believed that Chu Huan came here to solve his own financial problems.
This is why Chu Huan admires Jerry Kohlberg and wants to recruit him. This man is very smart!
Chu Huan did not directly answer Jerry Kohlberg's words. Instead, he took several copies of the information that Linda just handed to him and handed them to Jerry Kohlberg.
After Jerry Kohlberg took it, he looked at it seriously.
Soon, a shocked expression appeared on his face.
"Mr. Chu wants to acquire a listed company in North America?"
This was Jerry Kohlberg's first thought.
He believed that since Chu Huan wanted to invite him to join his company, he must have done some research on himself, and naturally knew what his strengths were.
Takeover, leveraged buyout!
That's why Jerry Kohlberg had this idea.
However, after speaking, Jerry Kohlberg immediately refuted his speculation.
"No, no, Mr. Chu's current situation should not be that he simply wants to acquire listed companies in North America."
After a moment of silence, Jerry Kohlberg looked at Chu Huan with a shocked expression, "I know, Mr. Chu uses the North American stock market as your cash machine!"
Chu Huan smiled noncommittally and said, "Mr. Kohlberg, you have the ability in this area, I have the funds, and I also have trust in you, so this time I very much hope to reach an agreement with you, Mr. Kohlberg."
cooperate!"
Jerry Kohlberg began to ponder. Chu Huan did not deny his speculation just now, so it was true.
At this time, Jerry Kohlberg also figured out that Chu Huan came to New York this time just to solve his cash problem.
And what he wants to do is actually sniping in the stock market, which is still new on Wall Street.
Thinking of this, Jerry Kohlberg's mind instantly flashed to a Chinese-American who once dominated Wall Street!
Cai Zhiyong!
This person was called the "Stock God" by Wall Street in the 1950s and 1960s.
After graduating from college, Cai Zhiyong came to Wall Street, joined Vested Securities and became a securities analyst.
A year later, he was recruited by Fidelity Securities, the largest securities company on Wall Street. After working for Fidelity Securities for 5 years, he gained the appreciation of Edward Johnson II, the manager of Fidelity Securities. Cai Zhiyong established a fund on behalf of Fidelity Securities.
Cai Zhiyong also became the head of this fund.
In the past 10 years, Cai Zhiyong's Fidelity Capital Fund has maintained rapid growth without losing money in a single year.
Since the beginning of this year, the investment of Fidelity Capital’s original investors has increased 27 times!
This is a jaw-dropping number!
Such outstanding performance made countless investors trust Cai Zhiyong. When the Fidelity salesman said Cai Zhiyong's name, almost all investors took out their money without saying a word. At this time, the size of the fund he managed had already
From US$10,000, it increased sharply to US$340 million.
This chapter is not over, please click on the next page to continue reading! Cai Zhiyong's transactions make people feel incredible. Every time the stock price starts to rise, Cai Zhiyong will buy a large amount of it; when it is about to fall, Cai Zhiyong is the first to sell it. people.
The rhythm is controlled so well, it's like divine help.
What's even more rare is that the fluctuations in the stock market seem to have no effect on Cai Zhiyong.
In May 1962, the North American stock market began to adjust.
In August, the "Cuban xx Crisis" began to break out, and the stock market began to fall into greater panic.
But in October, when the United States and the Soviet Union reached a consensus and eliminated the crisis, Cai Zhiyong acted as if nothing had happened. He invested a huge amount of US$26 million in the stock market within 6 weeks and received a return of 68 within 3 months!
More and more investors are beginning to pay attention to Cai Zhiyong's every move. When he buys a stock, others will follow suit in a timely manner; when Cai Zhiyong sells, others will also sell.
This miraculous performance made Peter Lynch, who only joined Fidelity in 1966 and later became an investment legend, admire Cai Zhiyong. "I am excited to be able to work at Fidelity Fund Company and work in Cai Zhiyong's original office." extremely".
In 1963, Cai Zhiyong had been promoted by Johnson to the company's executive vice president, holding Fidelity 20 shares worth millions of dollars.
At this time, Cai Zhiyong also had other ideas. He wanted to become the boss of Fidelity Fund!
However, workers are still workers, and in the end, Edward Johnson II handed over the Fidelity Fund to his son.
So Cai Zhiyong left Fidelity Fund and founded his own Manhattan Fund Company. At the beginning, Cai Zhiyong's goal was to raise US$25 million in starting capital.
However, he underestimated his title as the new generation of ‘stock god’ in North America.
After the establishment of the Manhattan Fund, investors flocked in, bringing Cai Zhiyong US$2.5 billion in funds. With just 0.5 management fees, Cai Zhiyong's company can earn US$1.25 million in revenue every year!
During the two years he led Manhattan Fund, the value of the stock assets managed by Manhattan Fund actually declined, but Cai Zhiyong’s personal charm remained, so the funds managed by Manhattan Fund have reached US$500 million!
But at this time, Cai Zhiyong should have discovered something and made a decision that investors deeply hated.
He sold the company to an insurance company in exchange for a top management position in the company and stock worth approximately $30 million!
In the second year after Cai Zhiyong left the company, the Manhattan Fund fell by 368%. By 1970, investors who had invested in the Manhattan Fund had suffered a loss of 55%!
Whether he was at Fidelity Fund or Manhattan Fund, what Cai Zhiyong was best at was short-term sniping.
Now there is another Chinese on Wall Street who is ready to play short-term sniping!
Jerry Kohlberg can foresee that in the coming days, all small and medium-sized listed companies on Wall Street will definitely live under a dark cloud.
But that has nothing to do with me.
Jerry Kohlberg cares more about his own interests!
"Mr. Chu, are you going to leave this matter to me?"
Facing Jerry Kohlberg's inquiry, Chu Huan nodded and said, "If Mr. Kohlberg is interested, I will invite Mr. Kohlberg to work with me on this matter!"
Naturally, he was interested. Regardless of whether he would join Chu Huan's company or not, this project could bring him considerable profits.
But Chu Huan also wants to join?
Chu Huan naturally wanted to join. Although Jerry Kolberg was a very smart and powerful person, this investment was related to whether he could complete the accumulation of the original start-up capital for the land in East Tsim Sha Tsui.
Even if his trader is Jerry Kohlberg, Chu Huan must personally investigate.
Linda accepted Chu Huan's money. When she saw the expression on Jerry Kohlberg's face, she immediately spoke for Chu Huan and said, "Jerry, you still don't know how Chu and I met, right?"
Jerry Kohlberg preaches "Want to hear the details!"
Linda told Jerry Kohlberg about her first meeting with Chu Huan a few years ago, but of course she left out the part that she was involved in.
After hearing this, Jerry Kohlberg was shocked again.
"I didn't expect Mr. Chu to know so much about securities and politics!"
Chu Huan smiled and said, "If Mr. Kohlberg is willing, I think you can get to know me better in the future!"
Jerry Kohlberg thought for a moment and said to Chu Huan, "Mr. Chu, I need to seriously consider this matter!"
Chu Huan nodded and said, "This is natural, but Mr. Kohlberg, you don't have long to think about this matter. I only have two days to wait for you. If Mr. Kohlberg you
If you still haven’t given a reply, I can only take it as you have given up on our cooperation!”