Recast youth

Chapter 1678 The opportunity is fleeting

"You went to great lengths to buy Lanshan Company's shares. Are you trying to keep them or resell them?"

On the way back, Hu Zhi looked at the high-spirited Li Zhen and asked curiously. This time Li Zhen made a big move, buying 4.4 million shares of Lanshan Company for US$1100 million.

Converted into RMB, it would be almost 35.2 billion.

Hu Zhi and Li Zhen have known each other for a long time, and they clearly know that Li Zhen personally does not have so much money.

"Keep it. After Lanshan Company's shares are listed, there is a high probability that they will appreciate in value."

Li Zhen touched the steering wheel, turned to look at Hu Zhi with satisfaction, and said with a smile: "Beautiful Hu, I really have to thank you for this matter. Tell me, how can I thank you? How can I express my gratitude to you?" May?"

"You are beautiful."

Hu Zhi said angrily. She could also see that after Lanshan Company was listed on Nasdaq, its market value should exceed the 150 billion mark. From the fact that so many investment banks wanted to become Lanshan Company's underwriters, I can see it.

Investment banks such as Goldman Sachs and Credit Suisse want to make a fortune from Lanshan Company's IPO and increase the investment bank's influence in the minds of investors. This also indirectly proves that the investment banks are optimistic about Lanshan Company's IPO.

But what Hu Zhi wondered was where Li Zhen got so much money.

$ 4.4 billion.

It is not easy to hold such a large amount of money in your hands. Hu Zhi took the transfer agreement and looked at the "ZTE Capital" that had just purchased 1100 shares of Lanshan Company.

A very unfamiliar investment company.

Hu Zhi asked: "You keep it for yourself? Where did you get so much money?"

"A company invested by domestic friends."

Li Zhen was unwilling to say more about the company "ZTE Capital" for fear that Hu Zhi would know that this company was actually wholly owned by Chen Yiming and Yang Yanhui's "Changxing International".

It's not that he was afraid that Hu Zhi would be leaked.

Just saying that it would be bad if the news reaches Ye Feng and Wen Yueqi, Li Zhen said vaguely: "At the beginning of the year, a friend has been contacting me, asking me to find ways to invest in Lanshan Company. If he succeeds, he will give me It’s not that I care about this small position, it’s just that every time I go back to China, they entertain me and call me, and I can’t refuse, so I help them.”

After hearing this, Hu Zhi put the equity transfer agreement back into the document bag, leaned on the passenger seat and said, "I think you should do them less favors. Some favors are not so easy to help, and it is easy to offend people. I will sign the contract today." When we were together, I clearly felt that the relationship between Sister Qi and us was a little distant."

"Actually, I still can't figure it out."

Li Zhen heard this and said with some displeasure: "Forget it if you want to say something else. The problem is that Ye Feng's company was about to be listed. If he gave me 40 US dollars per share, what's the difference between giving it to those underwriters? Give it to me, I I can still remember him as a favor, but now that this has happened and the shares have been taken away, I feel a little unhappy, but Sister Qi is lucky, she is even angry with us. "

Hu Zhi said: "Maybe Sister Qi doesn't want us to emotionally kidnap her."

"What is emotional kidnapping? What's wrong with helping friends?"

Li Zhen said disapprovingly: "I see, she just likes Ye Feng, that's why she is unhappy, but it's no wonder, Ye Feng is so good now, he is young and rich, if she were my woman, she might be tempted. "

When Hu Zhi heard this, he couldn't stand it anymore. He glanced at Li Zhen and said, "You can do it. Sister Qi has helped us after all, and Sister Qi is not short of money now. She has a lot of money." The two mutual funds I manage are quite large, so I don’t want to go to Ye Feng for money, as you said." Everyone has one thing in common.

Whenever he has an opinion about a certain person, he will subconsciously belittle her. The same goes for Li Zhen. He snorted and said: "That's not necessarily the case. Who thinks there is less money now? Even if Sister Qi manages it in her hands, No matter how large the fund size is, it is not her own after all. Can it be compared with someone like Ye Feng who holds the equity of the company in her own hands?"

"Sister Qi's money is not necessarily less than Ye Feng's."

Hu Zhi shook his head, turned to look at Li Zhen and asked, "Do you know Obsidian Fund?"

"I know, what's wrong?"

Li Zhen replied subconsciously, and then he had a bad feeling in his heart and asked uncertainly: "Are you talking about Obsidian? This private equity fund belongs to Wen Yueqi, right?"

Hu Zhi nodded: "You guessed it right."

Li Zhen was speechless.

He himself serves as an executive at a top investment bank such as Merrill Lynch, and he must have heard about Obsidian Fund. This private equity investment fund began its legendary journey in the second half of 2006.

He used credit default swaps with investment banks as a short-selling tool to short U.S. subprime mortgage products. After the subprime mortgage crisis broke out, he conservatively earned a return on investment of 5 times or even 10 times.

After conducting research with several major investment banks, the Wall Street Economic News reported on Obsidian Fund, predicting that Obsidian Fund may have obtained a huge return of more than US$35 billion in the subprime mortgage crisis.

After this report was published in the Wall Street Economic Journal, it can be said that it attracted a lot of attention on Wall Street. Even many financial giants wanted to contact the controller of Obsidian Fund to seek cooperation opportunities.

It’s just that after the Obsidian Fund was canceled, Wall Street slowly forgot about it.

Li Zhen digested Hu Zhi's words for a while, and couldn't help but said: "How dare she? She signed such a high credit default contract, and the annual premiums are astronomical, so she is not afraid of losing money? "

"In fact, she just won the bet."

Hu Zhi shrugged and continued: "Actually, many people in the United States have seen that the American property market bubble is very serious, and the default rate of bank mortgages is also rising rapidly. The problem is that no one believes that the American property market will really collapse, so it is very difficult. Few people have taken advantage of this opportunity to make money.”

At this point, Hu Zhi looked out of the car at the high-rise buildings in the center of New York and said with emotion: "But, who would have thought that in such a powerful country, the United States, the world's number one international financial city, the Wall Street property market would collapse?"

Li Zhen quite agrees with Hu Zhi's words. In fact, since the first half of 2006, people have begun to pessimize the U.S. property market, but there are not many who are actually shorting the property market.

the reason is simple.

The United States is too powerful.

New York is too prosperous. It has the world's number one financial street and Wall Street. It also has two of the world's largest securities companies, the New York Stock Exchange and Nasdaq.

But unfortunately, it's too late to notice now.

The opportunity is fleeting.

(End of this chapter)