Chapter 10 3. Chinese companies being calculated by international financial speculators

Whether it is the Asian financial turmoil in 1997 and 1998, or the Vietnam financial crisis in 2008, they all reflect a common problem at a deep level, that is, so far, there are various defects and loopholes in the economic systems of the world and various countries. .According to relevant data, there are currently about 7 trillion US dollars of floating international capital in the world, which is equivalent to half of the US GDP.With such a large-scale capital, these international financial speculators with super capital are described as potential predators in the water. Once they find out which country or region is profitable, they will immediately lurk there and launch a well-planned financial unrestricted war.So, with the gradual deepening of globalization, have we encountered these predators by accident?

Let me ask you to think about it, why did the price of oil rise from more than 70 US dollars a barrel to 147 US dollars a barrel?And I have observed some phenomena, that is, before the oil price rose to 147 US dollars a barrel, our Chinese companies went out in large numbers and engaged in various acquisitions, including bank acquisitions and mineral resource acquisitions.In fact, in my opinion, this is all a set. And those who arrange these transactions are the familiar Goldman Sachs, Morgan Stanley, JPMorgan Chase, and even Lehman Brothers Investment Company.How do I define these companies? I think they should be defined as international financial capital (speculators) or their pawns.So for these economists of international financial capital, such as Hu Zuliu, Gong Fangxiong, Xie Guozhong, etc. who are well-known in our country, you should not regard them as pure economists, they are just corporate economists.What they say represents their company, not an objective point of view.Of course, these people are just marginalized and small roles, and it’s fine to listen to their speeches in the future, just like watching "My Fair Princess" or the same, you don’t need to take it seriously, because they have their own standpoint.Because when you enter these financial capital companies, what you say represents financial capital, not personal opinions. Do readers understand what I mean?

These people all played similar roles, that is, in the whole financial war, they played the role of the other side. They often arranged some transactions in our country, and the final result was that our Chinese side lost a lot.I just wanted to tell you what this is all about. On December 3, 2008, Lou Jiwei, the chairman of our China Investment Corporation, spoke in Hong Kong. I will tell you his original words. In the future, we no longer dare to invest in overseas financial institutions, but non-financial industry companies can still invest.”This is not my criticism of him, but what he said himself. He lost more than 6 billion US dollars.

After he said this, I was very curious.I began to collect information one after another, and I found another very interesting phenomenon, that is, starting from November 27, 2007, Ping An Insurance Company of China acquired about 5% of the shares of Fortis Bank.Do you know how much it cost? 23.8 billion RMB.So at the end of 2008, how much money is left?There is still 1 billion yuan left in the stock price, which means a loss of 22.8 billion yuan.This is what I see as the result of Ping An Insurance's acquisition of Fortis Bank.Readers, do you remember that in 2008, Ping An Insurance had to raise 160 billion yuan domestically?If Ping An really puts the 160 billion RMB raised in the international market, it will definitely be a big piece of fat for international financial speculators.That's the problem with us going out and acquiring financial institutions.You see, this is the case with CIC, and it is also the case with Ping An Insurance. These are very dangerous international acquisitions.

And let me tell readers again, in 2007, there were 8 cases of foreign acquisitions of mineral resources in China, and in 2008, there were 21 cases.Basically, I dare not say 100%, because I have not collected the information of several companies. Most of these acquisitions were contracts signed before the oil price reached 147 US dollars a barrel. ●Ecuador suddenly issued a presidential decree, what is the regulation? ●This company held a grand Christmas party to celebrate Christmas. Why? ●Give you a 10% benefit, and check out every day, and transfer the money to your account every day, which is very cool.

●Also ridiculed Goldman Sachs as a fool and a fool. I will talk to readers about a few companies that everyone is familiar with. In January 2008, Aluminum Corporation of China acquired the equity of Rio Tinto Mining Group in the United Kingdom for US$14 billion through its subsidiaries. You should feel familiar when you hear Rio Tinto Mining Group. It is the world's three largest One of the suppliers of iron ore, the other two are BHP Billiton and Vale.Do readers know how much it is losing now? As a result of the $14 billion acquisition, it has now lost $11 billion, equivalent to about 75 billion yuan.This also means that China's largest overseas investment has become the most costly investment in China's overseas investment strategy in recent years.The profit of Chalco in 2007 was only about RMB 10 billion.In this acquisition of Aluminum Corporation of China, Lehman Brothers Investment Company acted as the chief financial advisor of Aluminum Corporation of China.

In addition, PetroChina and Sinopec jointly acquired Canada's Andes Petroleum Corporation for US$1.4 billion in 2005. Andes Petroleum Corporation has five oil fields in Ecuador.However, on October 12, 2007, the Ecuadorian government suddenly issued a presidential decree, which stipulated that 99% of the excess income should be attributed to Ecuador, not to CNPC and Sinopec.That is, when the price of the oil you sell is higher than a certain price, all the income generated will be owned by the state of Ecuador.So this $1.4 billion investment is a huge investment loss of $1.4 billion. Also, at Christmas in 2008, I found out that a Canadian oil company called TYK (we translate it into Tangen Ika Petroleum Company, an ugly name) was acquired by Sinopec.Sinopec spent about 13 billion yuan to acquire this company at a price close to 2 billion US dollars.The company celebrated with a big Christmas party at Christmas time, why?Because they sold the company to Sinopec when the oil price was at $147 a barrel.What is the market price of this oil company? Four years ago, the company wanted to sell itself at a price of 200 million US dollars, and 200 million US dollars could not be sold. In 2007, because the situation improved, it was resold at a price of 700 million US dollars.However, it was sold to Sinopec in 2008 for nearly 2 billion US dollars.

Today, economic globalization has formed a huge new market system that transcends national borders. Countries have also established a high degree of interdependence and interdependence in the development. The frequent international flow of goods, services, capital, technology, and knowledge has made global economic activities Increasingly intricate.In this complex state, countries are also inexperienced in the face of new financial activities.This is exactly what international financial speculators are aiming at.As a result, even a seemingly simple contract begins to become full of mysteries.

besides.There are also Air China, China Eastern Airlines, CITIC Pacific, Shenzhen Southern Electric Power Company, and these international financial capital (speculators), including Goldman Sachs, Morgan Stanley, and JPMorgan Chase, respectively signed different forward value contracts.None of those contract details were disclosed, nor did they dare. But I will tell you readers what these contracts roughly mean.When CITIC Pacific acquired the iron ore in Western Australia, it signed an Australian dollar cumulative option contract.For example, if the Australian dollar is now 100 yuan, he will pay you 10% of the profit, and at the checkout every day, he will give you 10 yuan for 100 yuan.If it rises to 200 yuan the next day, I will give you another 10% of the money, which is 20 yuan.It rose to 300 yuan on the third day.Give you another 10% of the money, which is 30 yuan.On the fourth day, it rises to 400 yuan, and I will give you another 10% of the money. 40 bucks.As long as the Australian dollar continues to appreciate.Give you 10% profit every day according to the closing price of the day, and check out every day, transfer the money to your account, earn very cool, and a while ago, the US dollar fell sharply, and the Australian dollar continued to rise until the end It's almost the same as the dollar.

Suddenly the Australian dollar fell sharply again, how much did it fall in the end?It fell by more than 40%.But when the Australian dollar reaches its highest point, let’s say 400 yuan, but when the price of the Australian dollar falls, the compensation will be based on 400 yuan.If you fall to 300 yuan, you will lose 100 yuan, and if you fall to 200 yuan, you will lose 200 yuan. Do you understand what I mean?Anyway, you can pay for what you fall.Unfortunately, the Australian dollar has plummeted, so do you know how much CITIC Pacific lost?A loss of $14.7 billion.How much money is earned, and there is still an upper limit to this earning. For example, if you earn tens of millions of dollars, you are not allowed to earn any more. What about compensation? There is no limit to compensation, and international financial capital is just like this. At the beginning of 2009, CITIC Pacific was under investigation by the Hong Kong government due to this huge loss.

More than that.And what contracts did Air China and China Eastern Airlines sign?It is called a fuel oil hedging contract. In fact, according to the data we have collected, it may not be a formal futures operation. It may be better if it is a formal futures operation.They did not announce the details of the contract, and I dare not say for sure, but according to the information we have collected, it is basically the same as the Australian dollar contract of CITIC Pacific.You can make money when the price of oil keeps rising, but you lose money when it falls. They signed the deal before the oil price was $147 a barrel, so they could make money if the oil price kept rising, but they would lose money when the oil price fell.So how much did you lose?By the end of 2008, Air China had a book loss of 6.8 billion yuan, China Eastern Airlines had a loss of 6.2 billion yuan, and Shanghai Airlines had lost 170 million yuan.In 2007, Air China only made a total of 3.3 billion RMB, which was not enough to compensate in 2008. These international financial capitals as counterparties include Goldman Sachs, Deutsche Bank and Standard Chartered Bank.And according to media reports.The person in charge of China Eastern Airlines pointed out that their judgment on the trend of oil prices is mainly based on the analysis reports of these international financial capitals and the analysis of the international economic situation and the relationship between oil supply and demand.And the International Finance Capital that provides these reports.It is also the counterparty of their hedging contract.It is unimaginable for these companies to make judgments based on the research reports of contract opponents to benefit the other party. Of course, if you read recent reports, you will find that Shenzhen Southern Electric Power Co., Ltd. (Shen Nandian Power) has also done similar things.It bet against Goldman Sachs.In fact, Goldman Sachs is the international financial capital or its pawns, how dare you bet.That is, when the oil price was between 80 and 90 dollars a barrel, they bet against 62 dollars a barrel. If the oil price fell below 62 dollars a barrel, Shennan Electric Power Co., Ltd., if it exceeded 62 dollars a barrel, Goldman Sachs would lose.Readers please remember my words, Goldman Sachs itself is an international financial capital, Goldman Sachs dared to bet $62 a barrel, then the real price must be below $62 a barrel, do you understand what I mean?After the gamble, Shennandian suffered a huge loss, and the oil price has now become more than 30 US dollars a barrel. Everyone thinks that this kind of price is unimaginable. Ten years ago, it was only more than $70 a barrel. Now it has reached $147 a barrel. Even if it falls back to the historical low, it will only be more than $70 a barrel.I even suspect that when signing the contract, Shen Nandian might have ridiculed Goldman Sachs as a fool. How could the oil price be $62 a barrel? You dare to sign it. I don't know who is stupid. After signing the contract, I never dreamed that it would fall to more than 30 US dollars a barrel.Readers, do you know what is the concept of an oil price of more than 30 US dollars a barrel? More than 30 dollars a barrel is the price in 1980. From 1980 to 2009, during these 30 years, is there no inflation?How is this possible?How can oil prices be so low.why?manipulate.So after raising the oil price, all our Chinese companies were counted.