Chapter 456 I'll Go with You (4000)
Brainless fans fight against Xiaoxiba.
Facts have proven that brain-dead fans are the first fighting force.
The Korean trolls, one of the five permanent members of YouTube, are nothing compared to the brain-dead fans.
The Goryeo leader has the power to declare martial law and implement social media control, but in the current situation, the current leader's orders cannot be issued from the Black House, the former leader is covered in shit, and the opposition has no power except to shout loudly. It can be said that all three parties are dysfunctional, and control is out of the question.
What makes people like Jiang Dongxian from Xiaoxiba suffer is not only that the Goryeo upper class implicitly acquiesced to the authenticity of the Mai army's attack on Hancheng, but also that they feel that their national self-esteem and pride have been ruthlessly trampled upon!
In the past, no matter how people from other countries called them clowns, they could always ignore it with their strong sense of belief that could distort reality.
But now, that sense of faith is shattered.
What made Jiang Dongxian particularly upset was what a big fan of Zhou Shang Jimin said to him.
"Why don't you also apply for the phrase 'small but cute' to be registered as a world heritage site? That's your traditional culture."
The number of crazy fans of Korean stars has been increased to an epic level.
This shows that some waste is just not used in the right place.
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Camp Humphreys' overreaction not only extinguished the anger of the Koreans, but also poured cold water on the already trembling Korean financial market.
Korea's stock market, bond market and foreign exchange market suffered a triple blow!
Trillions of dollars in assets were wiped out in the blink of an eye!
Everyone knows that Luan Xiuxian's Zheng Zhi's life is over, and whether he can survive is still an unknown.
But this is just the beginning.
The Korean financial market is said to be highly open and the sources of funds are widely dispersed, but when these funds are traversed several levels, they are still basically Anglo-American funds controlled by the Judean people.
It can be said that Goryeo's financial confidence comes from Malaysia.
But now, this incident itself is related to Miami. Even though Obama delivered three televised speeches in two days, reaffirming the alliance partnership with Korea, due to the impact of the "Camp Humphreys Massacre" caused by the storming of Camp Humphreys by the people yesterday, the risk aversion of hot money has increased significantly, and high stocks, high bonds and high currencies have continued to fall, with the decline far exceeding the financial crisis 18 years ago.
Logically speaking, as the world's 12th largest economy, once a crisis occurs, international investors' confidence in emerging market countries, including Dazhou, will also decline, and safe-haven funds will flow back to traditional capital markets such as Mai and You, causing the overall pressure on the Yazhou capital market and triggering a larger-scale "risk-averse wave."
But unfortunately, due to the impending risk of "anti-fur" in Mai Country, international buyers did not dare to flow funds back to Mai Country. As a result, Goryeo's safe-haven funds flocked to Wojing and Da Zhou.
The 10-year weekly treasury bond yield plummeted 48 basis points in a single day, while the weekly bond index soared 1.8%! (Note 1)
Of course, a considerable number of them have also poured into the Bitcoin market.
Bitcoin experienced a surge in early May due to the safe-haven sentiment surrounding the Devil's Island incident, rising from $450 to $1,500 in two weeks. It recently retreated to around $1,000, but now, the price of Bitcoin has skyrocketed, soaring 200% in a single week, directly breaking through the $3,000 mark.
Although miners transferred 50,000 BTC to exchanges in a single day, the depth of buying still kept the price firmly above $3,000.
In this crisis, BlackRock became the investor that suffered the most losses.
BlackRock holds about $30 billion in Korean stocks through ETFs such as iShares and EWY and active funds, accounting for 7% of its emerging market equity positions.
As the Korean stock market plummeted, direct losses in the stock market alone exceeded 10 billion won.
Korean-themed ETFs such as EWY suffered redemptions of tens of billions of dollars in a single day, forcing them to sell at a discount, which impacted costs and increased losses by more than 200 million dollars.
At the same time, it held 6 billion in Korean bonds and corporate bonds. This time, the decline in the bond market and the depreciation of the exchange rate resulted in a loss of more than 2 billion.
In addition, BlackRock also hedged its Korean won risk through forward contracts, but because the Korean won depreciated by more than 10% in a single day, the hedging ratio was insufficient, resulting in an additional loss of 800 million Malaysian dollars.
Coupled with a series of chain losses such as derivative losses and collateral depreciation, BlackRock lost more than 15 billion Malaysian dollars in Korea this time!
CEO Larry Fink urgently convened the board of directors and announced a suspension of stock repurchases to preserve capital.
During the meeting, Larry Fink's face was ashen. The third quarter report was about to be released, and it was foreseeable that "BlackRock Yazhou's equity position impairment exceeded tens of billions of dollars, setting a record for the highest in a single quarter" would become the headlines of various financial media next month.
Jiang Nanzhen, who had just joined the BlackRock Executive Committee, took the opportunity to put pressure on the operations team and fired Kim Jae-hyun, the head of BlackRock Korea, on the same day. At the same time, in the name of righteousness, he forced the board of directors to agree to a compliance investigation into the chairman of the Asia-Pacific region, Rainstock.
Capito, who had been keeping an eye on Si Ling Si, was surprised to find that in this round of capital market reshuffle, Si Ling Si was completely unscathed.
Although this is related to the fact that the other party did not invest in the Korean stock market, 404 mainly deals in Mai stocks, and this round of financial crisis also affected the Mai stock-related sectors.
Judging from the changes in Silingsi's holdings, Silingsi adjusted its positions and strategy combinations immediately after the first round of crisis in Goryeo, thereby controlling the losses to an extremely low range.
At that time, due to the overall economic situation in Korea and the third-quarter economic growth forecast for Korea released by Goldman Sachs, the entire market was still very optimistic about the Korea sector.
The Woking system has once again proven that it is the world's strongest risk factor identification system.
The continuous black swan events made Robert Capito and the BlackRock board of directors more determined to acquire 404.
No matter what the cost, we must get the Woking system as soon as possible!
"Jane, how is your communication with Si Lingsi going?" At the executive committee meeting, Robert Capito took the opportunity to look deeply at Jiang Nanzhen.
Those who have liked female subordinates but didn't have the courage to make a move know that because they are afraid that others will discover their secrets, they generally don't stare at female subordinates closely, but instead observe them secretly with the corner of their eyes or a quick glance.
That is to say, only during such meetings and questioning sessions can one take a few open glances at them.
Jiang Nanzhen said seriously, "We've discussed this. They seem willing, but it's not strong. The three founders of 404 told me they don't want to discuss an acquisition anytime soon. They'd rather maintain stable operations for about three years before contacting potential acquirers. Also, I've invited them to come to New York for another discussion, but they don't have visas, and applying for one would take at least two weeks."
Robert Capito nodded. Silingsi's reaction was not unexpected. Many well-run startups tend to operate for a few more years before discussing mergers and acquisitions in order to obtain a higher premium.
Generally speaking, acquirers are also willing to wait a few more years. After all, with more actual results, the investment risk of the acquisition can be reduced.
But Si Lingsi has the Woking system.
Over the past six months, black swan events have occurred frequently, and the final candidates for both camps in the Miami presidential election have not yet been decided, further increasing the uncertainty and risks in the financial market.
No one knows better than him and Larry Fink how important a model that can more accurately identify market risk factors is to BlackRock at this time.
Robert Capito coughed and was about to speak when Larry Fink, who was sitting in the CEO position, spoke first.
"Jane, I don't care what method you use, you must broker this deal as soon as possible. You need to prove to me that you are qualified to sit here, instead of using all kinds of excuses to explain!"
"They need a visa to come to Mai Country. Do you need one to return to Da Zhou as well? Our commander should be wherever the battlefield is! As the person in charge of this case, you should be aware of this!"
Larry Fink knocked on the table with his knuckles, and an invisible pressure came towards Jiang Nanzhen.
Jiang Nanzhen lowered her head and smoothed her hair.
Seeing this scene, Robert Capito's body moved unnaturally twice. He wanted to speak out to help, but he couldn't find a suitable reason.
None of the other executive committee members, including fellow women Barbara Novick and Geraldine Buckingham, spoke.
Jane was indeed ostracized!
Robert Capito clenched his fists in pain, took a deep breath, and was about to cough to help Jiang Nanzhen, when he saw Jiang Nanzhen raise her head, look at him, and bite her lip.
"I understand. I will immediately arrange Da Zhou's itinerary and try my best to facilitate this transaction."
"It's not try, it's must!" Larry Fink waved his hand. He and Robert Capito have two completely different leadership styles.
Robert Capito is calm and meticulous, while he is full of passion and courage.
He is responsible for formulating strategies and building relationships, while Capito is responsible for strategic execution and group operations. The two complement each other very well and have always worked together seamlessly.
"Got it, Larry. I'll book a ticket for tomorrow."
Jiang Nanzhen seemed to be completely suppressed by Larry Fink's aura, and a layer of hazy mist seemed to appear on her crystal eyes.
Seeing Jiang Nanzhen's look, Barbara Novick, one of the three founders of BlackRock who had followed Larry Fink and Robert Capito from the beginning, couldn't help but push her glasses on her nose in disgust.
Robert Goldstein was the one she recruited into BlackRock 22 years ago. Goldstein was about the same age as her younger brother who died at the age of 18, and she always treated Goldstein as her own brother.
Goldstein's ability to be so stable within BlackRock, rising from a small analyst to the head of the company's business department, is inseparable from not only Robert Capito's support, but also Barbara Novick's support behind the scenes.
In her opinion, this woman was the culprit who caused Goldstein to be punished!
Foolish Great Zhou woman, do you really think that Capito's nomination of you as an executive committee member is a recognition of your ability? He just wants to acquire that small Great Zhou company!
I have talked to Capito a long time ago. A cold-blooded person like him will immediately turn you back to your original form as soon as you lose your value!
A cold glint flashed in Barbara Novick's eyes. Just as she was about to speak to help Larry Fink continue to put pressure on Jiang Nanzhen, she heard Robert Capito's voice beside her.
"I'll go with you!"
Robert Capito's magnetic voice echoed in the Executive Committee meeting room.
Everyone looked at the bald man in surprise, even Larry Fink had a puzzled look.
Isn't this old baldy the one who hates traveling? He refuses to attend many meetings held by sovereign wealth funds, citing the distance as a problem.
It takes at least 12 hours to fly from New York to Dazhou.
Moreover, this is obviously putting the responsibility on himself if the woman fails in the negotiations, right?
Although everyone knows recently that this woman from the Great Zhou Dynasty is highly valued by the Capitoline, isn't it a bit too much to value her to this extent?
Could it be that...
Seeing everyone's gaze, Robert Cappi turned to look at Larry Fink with a somewhat apologetic expression: "Larry, this deal needs someone who can make the final decision immediately. There's no room for gunfire in an office on Park Avenue."
After saying this, Robert Capito glanced at the executive committee members with a frank and upright look.
Seeing Robert Capito's slightly apologetic expression, Larry Fink's mind turned slightly, and he suddenly realized that he understood the other party's thoughts.
If Goldstein had not been demoted, he would have personally taken charge of such an important acquisition to ensure that everything went smoothly.
This old bald guy is still blaming himself for what happened to Goldstein.
It turns out that the old friend is the most reliable.
Larry Fink couldn't help but smile with satisfaction, nodded, and almost said, "I'm very relieved."
"Melinda, please help me prepare all the visas for the Great Zhou as soon as possible and make an appointment with the embassy. I hope to get the visas within today."
Robert Capito acted decisively and immediately called his assistant to arrange the itinerary.
"Also, please make a reservation for a flight to Dazhou tomorrow or the day after tomorrow. Please discuss the specific destination with Jane, yes, Chief Compliance Officer Jane."
After hanging up the phone, Robert Capito glanced at Jiang Nanzhen seemingly casually. "Jane, don't book a ticket. You and I will take the same plane. Larry is right. The commander should be where he can hear the artillery fire. We don't have that much time to waste. I need to discuss this acquisition strategy with you on the plane."
BlackRock has three business jets: two Gulfstream G600s and one G650.
For security reasons, BlackRock's board of directors requires Larry Fink and Robert Capito to use business jets for both business and personal travel, and not commercial airliners.
Jiang Nanzhen nodded quickly and gave Robert Capito a grateful look.
Seeing Jiang Nanzhen's gaze, Robert Capito couldn't help but feel moved, and was filled with self-touched for giving for love.
However, he didn't realize that Jiang Nanzhen's grateful eyes contained a hint of playfulness and excitement, like a cat playing with a mouse.
Should the commander be where he can hear the artillery fire?
Since you like to hear the sound of cannons so much, maybe the master will let you hear enough~~~
(End of this chapter)
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