Chapter 692 Trends

A hedge fund reached an agreement with Merrill Lynch to cooperate, and will get Merrill Lynch's investment rights in Bank of China at a price of 120%.

That is, Merrill Lynch, relying on a contract with the Royal Bank of Scotland, just turned over and got 20% of the profit easily, without providing business cooperation for Bank of China or paying a large amount of money.

As for how Bank of China is, what does it have to do with it?

It is a contract signed with the Royal Bank of Scotland. As long as the funds are provided normally, whether it is invested by itself or distributed out, everything is in accordance with the procedures.

The same is true for the Li Jiacheng Foundation.

Neither of these two third parties has the obligation to cooperate with Bank of China in business.

Therefore, the most critical link is that there is a problem with the contract signed between Bank of China and Royal Bank of Scotland. Perhaps the scale of funds considered by Bank of China for strategic investment is relatively large, and there is no strict restriction on the direction of raising funds for Royal Bank of Scotland.

Or perhaps, it is that Bank of China lacks experience, after all, it has just undergone a share reform.

In any case, as long as Goldman Sachs successfully drives hedge funds into the game, the power at the regulatory level will be easier to persuade.

By now, the next move is more obvious.

Merrill Lynch has reached a cooperation agreement with a hedge fund to sell half of the acquisition rights, and the remaining half will not be far away.

As long as they sign the contract, the media will definitely expose it.

All this has nothing to do with Goldman Sachs. Instead, it is a warm-hearted person who provides better solutions for Bank of China.

As for Fang Zhuo and MIGA Fund, it has even less to do with them. They are just another insignificant warm-hearted person who can help Bank of China eliminate insincere partners and help Bank of China check and balance Goldman Sachs' entry.

If the angle is higher, the perfect external cooperation and stable execution of the two major banks may be a model for the listing operations of many domestic banks.

Fang Zhuo feels that he should speed up the fundraising for the investment in Bank of China. Paulson is more efficient than he thought.

On October 3, the two-day holiday passed in a flash, and all the executives in charge of different business groups of Yiguo arrived in Beijing.

Everyone was a little surprised that the boss suddenly changed his office location from Shanghai to Beijing recently. The guess that was not easy to say in their hearts was that Gome's headquarters was here, and Fang's Double Eleven promotion was to erode the market share of the industry's number one. Coupled with the suspected personal grudges, it was not surprising that he was in charge of the enemy's headquarters.

The executives of the business group reported on the progress of their work, mainly in three aspects.

The first was Yiguo's product selection discounts, mainly electrical appliances, and this aspect had to be communicated with major brands. After all, Yiguo's market share was not high and its voice was not high.

The second was Yiguo's marketing activities, including Internet promotion and traditional offline advertising.

The third was to use Suning, Wuxing, Yongle, and the original Dazhong electrical appliance stores as points to allocate orders and cooperate with Yiguo logistics to deliver products to the door.

There was a lot of work to do, and the progress presented in front of Fang Zhuo seemed quite hasty.

This was inevitable for the first promotion, but it was also a good team running-in process.

There is still one month and one week left before Double 11, and time is already quite tight. However, in addition to the busy work arrangements, Fang Zhuo observed that everyone was still very energetic.

The boss of the competitor is still out of contact, and his side has joined forces with several peers. Moreover, the boss has a lot of... means. The prospects are so good. As a latecomer challenging the predecessors, there is nothing to be afraid of.

Fang Zhuo is very happy to see this mood.

The meeting that night was held until very late. Just when the meeting was over, he received a call from President Yu, the co-founder of Yike.

"What's the situation on your side?" She came up quite serious.

"What's the situation? We just finished the meeting, what's wrong?" Fang Zhuo was puzzled.

"Why does Weiwei want to sell stocks?" Yu Hong asked.

"We need funds." Fang Zhuo was concise and pointed out with his eyes that the executives could leave. Those who wanted to have a midnight snack could have a midnight snack, and those who wanted to rest could rest.

"Does Yiguo still need money? Or does your property need it?" Yu Hong asked.

Fang Zhuo waited for a few seconds, and when he was the only one left in the conference room, he complained: "It's the investment bank that needs funds, you're so angry as if I cheated Weiwei of money."

"You have to let her be careful." Yu Hong snorted, thinking that since she had already made the call, she might as well report on Yike's European and American markets.

Fang Zhuo listened for a while. In fact, he reviewed the weekly reports from the European and American markets every week, so he was quite familiar with the situation.

"Mr. Fang, is there anything else you want to instruct?" Yu Hong asked at the end of the report.

"I am very satisfied with Mr. Yu's work. I just want to remind you to take a rest and take a normal vacation." Fang Zhuo thought for a while and took Sina as an example. "Yesterday, Mr. Wang Yan from Sina called me..."

"I have been in Beijing these days and have only been to Sina once. He seemed to have heard that I went to attend Sohu's internal social gathering yesterday, so he called me specifically. He said that he occasionally heard a saying circulating within Sina, saying 'only Wang is known, but Fang is not known.'"

"I told Mr. Wang that this is a good thing. He has the dignity of being a CEO, and I have also done the decentralization I promised before. Sina's mature system proves that I don't need to intervene too much."

"Mr. Yu, the same is true for Yike's US market framework. As long as it is built correctly, it doesn't have to be so busy."

Fang Zhuo advised.

After hearing these words, Yu Hong only asked one question: "It's past 11 o'clock in the evening in China, right? Are you busy from morning to night every day?"

Fang Zhuo felt that he might not be able to lead by example in this matter.

He could only explain: "We are different. When I get tired of working on E-commerce, I switch to investment banking. When I get tired again, I think about Sina and Yike. This is to change my mind and rest."

Yu Hong praised: "Mr. Fang really developed good study habits in school."

"Mr. Yu's transformation into a co-founder is different. He is full of confidence. I got what I meant. That's it. There are two incoming calls on the other phone." Fang Zhuo fiddled with his phone, and the two calls in succession were from Zhang Chaoyang.

But it's so late, so it doesn't look like a serious matter.

Yu Lianhe ended the call. She was busier than before, but also more happy.

Fang Zhuo put down his cell phone and picked up another one to call back: "Hey, Mr. Zhang, what's going on?"

"I thought of the title of my book." Zhang Chaoyang's tone was both sultry and serious, "It's called "Zhang Chaoyang's Chaoyang Life", Mr. Fang, what do you think?"

Fang Zhuo pondered for a moment, and realized that this boss really didn't feel tired of working in the company.

He continued his last suggestion: "Let's call it "Zhang Chaoyang's Half Life in the Morning". I always feel that Mr. Zhang should not rush to characterize it. I will condense my thoughts after reading it into recommendations and send it to your email in the next two days."

Zhang Chaoyang was very happy. He drank another glass of wine and said, "Mr. Fang, you can also write. This is popular now."

"Yeah." Fang Zhuo said perfunctorily, "When I have time, I will write "Fang Zhuo's Excellent Life" later."

"Why don't you use 'half life'?" Zhang Chaoyang questioned.

"Because I only have two choices, excellence or greater excellence." Fang Zhuo said with emotion, "It's really difficult to pursue greater excellence. You have to work hard to look higher at the same standard."

Zhang Chaoyang said: "Mr. Fang, your book will definitely sell well. Everyone likes your style."

"Thank you, Mr. Zhang, for the compliment. I'd like to toast you." Fang Zhuo picked up the water glass, touched it with his cell phone, and made a sound for the other party to hear.

Zhang Chaoyang drank a glass of wine from the air and became even more drunk.

"That's it, Mr. Zhang, I may leave Beijing at the end of the month. Before that, I invite you to come to Sina to talk about the development of the Internet." Fang Zhuo sent an additional invitation, not minding the other party's status as a competitor.

"Okay, no problem." Zhang Chaoyang agreed immediately. He was so drunk that he couldn't even think of the competition between Sina and Sohu.