Chapter 643 Receipt

"We are going to have dinner. Let's talk while walking." Su Cheng is quite curious about the two Morgans, especially Morgan Stanley, nicknamed Morgan Stanley, which has a lot of business in China and is an extremely smart and savage company.

They have huge funds and a large number of talents, but they never stick to themselves and always chase money, regardless of politics and morality - if they accidentally show politics and morality, there is no need to hesitate, it must be for money.

Whether it is China's socialist market economy, South Africa's racial conditions, or India's caste national conditions, Morgan Stanley has adapted quickly and well. Compared with Goldman Sachs, which invested in pig farming in China, Morgan Stanley did not hesitate to enter China's real estate industry, raising $4.5 billion at one time, which was about 40 billion yuan that year. With the growth rate of Chinese property, it is much more cost-effective than raising pigs.

In addition, Morgan Stanley also actively participated in the acquisition of China's non-performing assets. In 2003 alone, they received 4 billion and 2.85 billion non-performing asset packages from China Construction Bank twice. 97 is a real estate asset. After a few years, the non-performing asset package can be full of profits.

What's more, as an American company, Morgan never hesitates to commercial bribery and insider trading - American companies are not that they don't know how to do commercial bribery and insider trading, but because the cost of commercial bribery and insider trading is relatively high, which is not something that ordinary companies can play.

Time magazine once exposed that Morgan Stanley China Peterson bribed the door and replaced it with an ordinary American company. Such a blow can destroy the foundation of the company. It can be placed on Morgan Stanley, as if nothing had happened. The so-called background and strength are exactly like this.

Such an American investment bank, which does not accept much rules, is welcomed by foreigners like Suchen City, and his expression is much more enthusiastic than usual.

The trader of Damo looked strange and asked in surprise, "Are you going out for dinner now?"

"Can't you eat?" Su Cheng looked at Qi Xiao and thought there were any special rules.

The other party pointed to the big screen and said, "Now it's an important time. Is it okay if the chairman of Su Cheng doesn't command?"

"Oh, I'm not directly involved in the operation... Mr. Jones." Su Cheng looked at the sign on his chest.

"Just call me Joan." The trader of Morgan Stanley hit the snake with a stick, looking familiar and said with a smile, "Chairman Su Cheng has no financial background, but he can do it..."

"What kind of cooperation do you want to talk to me about?" Su Cheng interrupted his compliment.

Jones followed him closely and whispered, "Are you talking about it here?"

"Then go to the car and say it."

While talking, there is also a futures exchange.

Su Cheng got on the car by himself. Jones sorted out his thoughts and asked, "I have an idea about the operation of Dahua Industry."

"Oh."

"We guess that Dahua Industry will end short-selling soon."

"Why, Morgan Stanley doesn't believe that crude oil will return to the low price?" Su Cheng raised his head comfortably.

Jones smiled and said, "In the short term, it may be possible to increase supply, but in the long run, the demand for increased crude oil is more than the supply."

"Well, what do you want?"

Jones also wants to discuss theoretical issues with Su Cheng, which is also what traders in American investment banks are best at. However, Su Cheng was simple and direct, so he had to say, "We hope to cooperate with Morgan Stanley when we do more in Dahua Industry."

"Pan-Asian Fund." Su Cheng corrected it again.

Jones nodded with a wry smile: "Yes, Pan Asia Fund."

"Is it Morgan Stanley who wants to cooperate with the Pan-Asian Fund?" Su Cheng asked repeatedly.

Jones thought for a moment before he understood that Su Cheng was talking about who was the leader. He hesitated for a moment and said, "Damo has prepared 3 billion US dollars. If the Pan-Asian Fund invests more money, Damo will cooperate with the Pan-Asian Fund."

For example, such enterprises are very risk-oriented. It is impossible for Morgan Stanley's 300 billion assets to be invested in a certain direction, especially pure speculation. $3 billion is not small.

The Pan-Asia Fund naturally has a lot of funds. However, it is difficult to say whether others are willing to follow after the end of the short-selling state. After all, the seven oil production enterprises cannot completely ignore the government. Repeated short-selling and long-selling naturally multipliers the risk. On the other hand, the Pan-Asia Fund can earn Money does not mean that you can make money by doing more, especially when the capital is very large. The point is not only on the right time to enter, but also on the right time to exit. It is not that the more money, the better.

Su Cheng said without hesitation, "There is really such an opportunity. I will consider yours. Well, when I get to the place, what do we eat together?"

Jones turned his head and saw that it was a hamburger fast food restaurant. He couldn't help touching his stomach and shook his head and said, "No, today is Juice Day."

"There's nothing we can do about it." Su Cheng smiled and got out of the car to buy food.

Yang Jingshan came in the car behind and queued up behind Su Cheng. He smiled and said, "Dong Su has just made so much money. At least he should have a French dinner to celebrate."

He read the "French dinner" in Hong Kong-style Mandarin, which is quite fashionable.

Su Cheng took out the coin and laughed, "I don't have much time. After eating, I have to go back quickly."

"Is there a big show at night?" Yang Jingshan's eyes jumped.

"There is still a while before the market closes. It's hard to say." Su Cheng smiled. He was smiling.

......

Back to the futures exchange, Su Cheng focused on letting Qi Xiao see the situation of the U.S. investment bank. Without much increase in funds, he didn't care about it.

After all, the City of London is not the territory of Americans, and they don't invest much here to pool their funds. At present, whether it is short or long, it is of great significance to join later.

More, it is still the problem of how to return with full load or reduce injuries, gentlemen.

"14.40, how about the power of multiple parties?" In front of Su Cheng is a dazzling electronic screen.

Qi Xiao said happily, "I guess Sumitomo can't do it anymore. It's probably a little downward trend."

"Hmm." Su Cheng looked at it in silence for 20 minutes, saw that the oil price had reached 14.30, and then ordered, "Call Aliyev to see if he can send a message now."

Qi Xiao went without hesitation.

Aliyev's family has $1 billion in the Pan-Asian Fund. Although there is no position as a director, the profit is not a bit. In terms of current oil prices, he has earned at least one and a half billion US dollars, which is comparable to Azerbaijan's treasury revenue in previous years.

With so much money, it can increase his profits. Aliyev really doesn't care about a few press conferences.

In fact, he not only attended the press conference himself, but also tied up the Saudi oil minister and asked him to announce what OPEC learned about the global supply situation.

OPEC's attention and mastery of crude oil production is traditional, especially when they talk about production, the relationship between actual production and nominal production is very important.

In OPEC's report, the percentage of performance of responsibilities is often mentioned, which is actually the percentage of actual output relative to nominal output. For example, OPEC decided to reduce its production by 1 million barrels, Iran divided it into 150,000 barrels, but actually implemented only 100,000 barrels, Iraq divided into 200,000 barrels, and only reduced by 100,000 barrels. With other countries fulfilling 100 responsibilities, OPEC's performance responsibility percentage is only 85.

In most cases, except that Saudi Arabia has never mind reducing production, other countries will always delay their responsibility to reduce production capacity, and they will always exceed when performing the function of increasing production.

100,000 barrels of crude oil is at least 1.5 million barrels of revenue, not to mention Arab countries that rely on crude oil to survive. If it is thrown to a certain department of the Chinese government, it does not mean that it can be reduced. It also needs to be discounted and delayed.

However, unlike other income, crude oil revenue is very easy to detect. The first is its huge quantity.

It's nothing to put 100,000 barrels in the futures market, and it's nothing to put them in government reports. But in reality, this is the transportation volume of a tanker that is larger than an aircraft carrier, which can hold 2,000 cars.

There are only so many ports that can berth ships of more than 100,000 tons. A ship the size of an aircraft carrier goes back and there every day, plus the shipment of 2,000 fuel-saving tankers. As long as you have a record, how can you not know? The same is true for crude oil transportation pipelines. Send two engineers with similar IQ and technical level to know how much crude oil passes through the pipeline. In the era when there were not enough pipelines, every ton of oil here was queued out, and it was difficult to hide the problem of smuggling.

In addition, the sales records or delivery records of the international crude oil market, and even the storage depots of oil-producing countries, are also very easy to check.

It may be easy to hide 10 tons of gold, but it is too difficult to hide hundreds of thousands of tons of millions of liquid crude oil.

Therefore, OPEC oil-producing countries that do not fulfill their responsibilities are actually stiff-necked. OPEC is not a centralized agency, and their regular verification is also an urge to some extent.

Due to the characteristics of crude oil trading, OPEC monitors the world crude oil spot market, which accounts for about 8, while monitoring the delivery depots of several crude oil futures exchanges, and can almost know the recent export crude oil production. As for the non-export crude oil production, they are not particularly concerned, such as China China's Shengli Oilfield and Daqing Oilfield, the crude oil sold is only under OPEC's consideration. It is consumed by itself in China, and OPEC can't control it and doesn't want to care about it.

The seven oil companies participating in the Pan-Asia Fund are all international oil companies. Most of the oil fields under their name are used for export, and many of them are in OPEC countries. The increase or decrease in their production capacity is to be filed with OPEC's permanent office.

For example, the Sultan Oilfield of Dahua Industry needs to explain its output from time to time. Otherwise, the United Arab Emirates will use its own infrastructure to block the export of oil companies.

For an oil field, if the oil pipeline is not connected and the tanker does not come, it is useless to extract more oil.

In the context of volatile oil prices, OPEC announced that its understanding of the global supply situation is also normal. But this time, due to Aliyev's factors, Naimi was forced to attend an inappropriate press conference at an inappropriate time.

And when he said "global crude oil supply is oversupply", oil prices fell in response.

"Receiving the Internet cafe." The surface of Su City was calm, and the blue veins in his fists were about to jump out.

The catch of this net is completely beyond his imagination.

Of course, it is beyond the imagination of Sumitomo and other fish.

......RS