Chapter 32 Lead Underwriter



"What brings you to Suzhou lately? I heard from Dad that you were interning in Beijing."

An uninvited guest arrived at Li Miaomiao's home in Suzhou: her older sister, Li Shuyao.

Li Shuyao and Li Miaomiao are sisters. Li Shuyao is a few years older than Li Miaomiao and is a graduate student at the China Center for Economic Research (CCER) at Yenching University.

Li Xulin himself is a professor of biology, and neither of his two daughters wants to study biology.

In the past, the children of professors at some of China's 985 universities could attend those universities as long as they passed the first-tier university entrance exam. However, the policy has been tightened in recent years.

Li Shuyao casually put her luggage in the guest room and then lay down on the sofa: "I have to say, your house is really quite comfortable."

"I love this decorating style."

The housing prices in Suzhou are so high that even with Li Miaomiao's salary at Kechuang Biotechnology, she needs Li Xulin's sponsorship to afford the down payment.

"Dad is so biased. He bought you a house in Suzhou, but he won't buy me one in Beijing."

Li Miaomiao said helplessly, "He's not helping me buy it, he's just lending me money for a down payment. Besides, even if he wanted to buy you a house in Yanjing, he couldn't afford it."

Li Shuyao snorted coldly: "Why didn't you borrow from Zheng Li when you bought a house in Suzhou? With your relationship, Zheng Li would lend you as much as you wanted. You wouldn't have to live in a simple three-bedroom apartment; you could have bought a villa directly."

Li Shuyao and Li Miaomiao have had a very good relationship since childhood, so Li Shuyao always says whatever she wants in front of her and never hides her inner thoughts.

Li Miaomiao shook her head and said, "There's no need."

Li Shuyao: "You gave up your studies and traveled thousands of miles to Suzhou, a place you know nothing about, for him. What's wrong with borrowing some money to buy a house?"

Li Miaomiao: "What do you mean 'for him'? I only gave up my studies because I saw this was a rare opportunity, and now I've picked it up again, haven't I?"

Li Shuyao nodded and said, "That's right. Taking a year off from school to participate in the startup phase of a company with a market value of hundreds of billions of US dollars, and even becoming a vice president, is indeed a rare opportunity."

"You bet right. If I had met a god like Zheng Li when I was in school, I wouldn't be interning at CICC now."

"No wonder the ancients said that first is fate, second is luck, third is feng shui, fourth is accumulating good deeds, and fifth is studying. I can't compare to you in the first few, so I can only work hard in studying."

Li Miaomiao brewed a pot of Pu'er tea, poured it into a teacup, and handed it to her: "Here."

"You still haven't told me why you suddenly came to Suzhou? You shouldn't have this much free time while you're interning at CICC, right?"

Li Shuyao said helplessly, "That's right, I'm currently interning at CICC. Isn't your company, Kechuang Bio, planning to go public recently?"

Li Miaomiao: "Yes, we are planning to go public soon."

Li Shuyao continued, "Kechuang Bio is a big fish. It has a simple equity structure, only two years of financial reports, and its turnover and profits are very impressive. Its financial data is excellent, and it also has core technologies."

"Not to mention your company's market value is as high as hundreds of billions of US dollars, making it the biggest fish in the underwriting market this year."

According to internal sources at CICC, the China Banking Regulatory Commission (CBRC) warmly welcomes the listing of Kechuang Biotechnology, a Chinese high-tech company, and it is speculated that the CBRC will give Kechuang Biotechnology the green light for its listing.

Li Miaomiao couldn't stand Li Shuyao talking for so long without getting to the point: "Just get to the point."

Li Shuyao: "Simply put, CICC wants to become the lead underwriter for the listing of a biotech company on the Science and Technology Innovation Board. Such a big fish is definitely not something that one securities firm can handle; it will definitely be a joint underwriting by multiple institutions."

“But CICC wanted to be the lead underwriter. They knew I was your sister, so they brought me to Suzhou, saying they wanted to use your connections to meet Zheng Li.”

"As long as CICC can become the lead underwriter for Kechuang Bio in the end, I can stay in CICC's investment banking department after I graduate with a master's degree."

With Li Shuyao's resume—undergraduate from Jiangcheng University and graduate from Yenching University CCER—getting into CICC would be difficult but not impossible, but getting into CICC's investment banking department would be almost impossible.

The investment banking department mainly deals with the primary market, acting like a supervisor, helping developers build houses and then selling them on the market.

Investment banking is a core department of securities firms, and it's not easy for just anyone to get in, especially in today's increasingly competitive environment.

Li Miaomiao: "I haven't seen Zheng Li for almost three months. He's in Singapore. CICC definitely can't see him."

Li Shuyao: "You underestimate how much CICC values ​​this business. The head of the investment banking department said that as long as Zheng Li is willing to meet with him, he is willing to personally lead the team to Singapore."

"They were willing to risk being quarantined for 14 days each way just to see Zheng Li, hahahahaha."

Li Miaomiao asked, "Shall I go and ask them for you? But I can't guarantee whether Zheng Li will be willing to see them."

Li Shuyao pulled Li Miaomiao over and ruffled her hair: "No need."

"Does CICC think I'm some kind of country bumpkin? Is it only because I can close this deal that I'm guaranteed a spot in the investment banking division?"

Isn't this ridiculous?

"The value of these two is far from matching."

"You don't need to do anything here. In the end, Zheng Li decides who it is, so don't let your subjective opinions interfere."

"The most important thing is whether you can stay with Zheng Li until the end. If you can stay with Zheng Li until the end, that's more important than anything else. If Zheng Li becomes my brother-in-law, CICC's investment banking department will be begging me to join them."

Li Miaomiao was speechless: "What are you talking about? Zheng Li and I are just ordinary friends."

Li Shuyao looked her straight in the eye: "You dare say you have no feelings for Zheng Li? If you have no feelings for Zheng Li, then help me pass on a message to Zheng Li."

Li Miaomiao dodged the question, saying, "Just because I'm interested in him doesn't mean he's interested in me."

Li Shuyao: "You need to know that Zheng Li is a genius. He's already showing interest in you."

“Geniuses like Zheng Li, who publish their first paper in Nature and whose first company is worth hundreds of billions of US dollars, live in a world that is different from others.”

"From my perspective, Zheng Li's need for affection must be extremely weak. Love is a part of life for normal people, but Zheng Li doesn't need such rich emotions at all. His need for affection is probably less than one-tenth of that of an average person."

"Do you see any woman around Zheng Li who is closer to him than you are?"

Li Miaomiao suddenly realized: "No, sister, you really are a veteran in love, you're so accurate. But there's one thing, I think Zheng Li's need for affection is probably only one percent of that of an average person."

Li Shuyao: "So even geniuses aren't perfect in every way. For every door God opens for them, He closes a window. They are bound to have some shortcomings."

"All you need to do is wait; you don't need to worry about CICC."

"Damn, those people at CICC are all shrewd. Sorry, I couldn't help but swear."

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