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Extraordinary Genius
Chapter 885 - The higher-up's attention
February 1st. In a few moredays, it will be Lunar New Year. Feng Yu still have not returned home and iscurrently in Shanghai, meeting the bankers from foreign banks about loans.
Actually, Feng Yu had raised more than 5billion USD in the US. But Feng Yu knew 5 billion USD is not enough, and it'snothing compared to Soros's Quantum Fund.
Although Quantum Fund is less than 1billion USD now, several billion will be injected into it once Soros startedhis plan. The amount Feng Yu has is no match against him.
But Feng Yu still has the backing of theHong Kong tyc.o.o.ns, the Hong Kong Government, and the Chinese Government. Chinamight not be as wealthy as the US, but the Chinese government is strong enoughto deal with a portion of the US tyc.o.o.ns.
There are lots of tyc.o.o.ns in the US, butnot all of them like to invest in hedge funds. For example, Feng Yu knew BillGates, Paul Allen, Warren Buffet, and a few others don't invest in hedge funds.
Bill Gates and Paul Allen are the newgenerations of tyc.o.o.ns, and Bill Gates is the world's richest man. However,both of them do not have experience in investing in funds. Warren Buffet hashis own fund, but it is not a hedge fund.
In the future, Bill Gates will set up hisown charity fund, and Warren Buffet will invest his a.s.sets into Bill Gates'scharity fund.
Feng Yu does not know how many tyc.o.o.ns willbe joining Soros, but he knew it will be different from his previous lifebecause of Kirilenko and him. Soros will sure take precautions against them andrope in more tyc.o.o.ns to raise more funds.
If Kirilenko did not recommend Feng Yu toSoros, it would not be so complicated. Brother Ki is only trying to help FengYu. Working with Soros to attack the other countries in Asia will increasetheir profits.
Financial war is always cruel. Feng Yu onlywant to do his best to protect China. As for the other countries, it is not ofhis concern. Feng Yu even secretly wish Taiwan will suffer more losses than hisprevious life.
This way, Taiwan's economy will be in aworse state than Feng Yu's previous life, and they might be more obedient. FengYu might even see Taiwan returning back to China in this life!
Feng Yu is also happy to see South Korea,j.a.pan, Malaysia, Indonesia and the other countries' economies going intorecession as these countries had joined hands to seal off China's trade in hisprecious life. These countries also had territorial disputes with China.
Feng Yu does not care whether China isright or wrong. As a Chinese, China must be right! His thinking is just narrowand unreasonable!
……
"Manager Feng, what happened? I heard mymen in the company say you are using the company's shares as collateral forloans." Zhong Qingxian asked anxiously when he met Feng Yu.
"That's right. What's wrong? Don't worry. Iam only getting a loan and not selling the shares." Feng Yu laughed.
If Feng Yu were to sell off his Lehaha'sshares, Zhong Qingxian's position as the Chairman might be gone.
"Manager Feng, you also need to get loans?"Zhong Qingxian asked curiously. Since the day he met Feng Yu, he had neverheard that Feng Yu lacks money!
"I need to raise funds. A group of westerncapitalists is preparing to attack Hong Kong's financial system after HongKong's return. I am raising funds to retaliate." Feng Yu explained.
Zhong Qingxian calmed down. He is betterthan Feng Yu in organization management but is only a novice in the financialmarket.
"Manager Feng, do you need mycontribution?" Zhong Qingxian asked.
"No need. If I need your help, I will speakto you all." Feng Yu smiled and thanked him. There are differences betweenmanaging a company and investing. Zhong Qingxian might not be able to take theexcitement.
"Then why did you get loans from foreignbanks?" Zhong Qingxian asked curiously.
It's easier to get loans from China'sdomestic banks, and the interest is lower. Feng Yu might even get moresubstantial amounts. Furthermore, it's better to let China's banks to earninterest. Why is Feng Yu letting those foreign banks earn his interest?
"I need USD. China banks might not help mewith this. Alright, don't worry about this. I will repay the loans in 2 years.Maybe it will not take that long."
It's not easy to get loans in USD fromChina's banks, and Feng Yu's loan amount is too high.
……
"Leader, I discovered something, and Ithink I need to report to you." Director Fang stood in front of Iron Fist Zhu.
"What is it?" Iron Fist Zhu put down hispen and rubbed his forehead. He had been writing for more than 4 hours withouta break.
"Feng Yu had used all his companies' sharesas collateral for loans." Director Fang replied.
"Huh? He should be going to make someinvestments. What's the problem? He used his connections to get illegal loans?"Iron Fist Zhu asked.
If it's nothing serious, Iron Fist Zhu willjust close one eye. Just Feng Yu's donations are enough for him to pretend notto see Feng Yu getting higher loans illegally. Although, as China's BankGovernor, it is his responsibility to stop all these illegal activities.
"But Feng Yu had gotten loans from foreignbanks and used all his companies' shares, including Bing City MachineryCompany, Bing City Pharmaceutical Group, Lehaha Group, Wind and Rain, Aiwa, etc.!"
If it's getting higher loans, Director Fangwill not mind. But those banks are not China banks. Is Feng Yu transferring hisa.s.sets out of China?
Iron Fist Zhu frowned. "What did you say?All the loans he got are from foreign banks and used most of his a.s.sets ascollaterals? Do you know where did the money from the loans flow to?"
"I got my men to investigate. All his moneywent to his Swiss Bank account. We can't get any details from the Swiss Bank."
The Chinese authorities can't check Swissbank accounts. If Feng Yu is really transferring his a.s.sets away from China, hehad succeeded!
Feng Yu is still holding on to Hong Kong’spa.s.sport, and it's easy for him to travel out of China!
"You really think he is transferring hisa.s.sets away?" Iron Fist Zhu looked at Director Fang.
"I don't believe he will do this, but hedid. It's also bizarre. If Feng Yu is getting loans for investment, it'snormal. But he is not investing but keeping it in a bank. This is not what hewill do. The interest from the bank is much lower than the loan interest. He islosing money every day!"
Iron Fist Zhu picked up his teacup and tooka sip. "Although I can't see through Feng Yu, I know he is very patriotic.Patriotism cannot be faked, and maybe he has other uses for this money, whichwe don't know. Alright. Call him and ask him to drop by Beijing when he has thetime. I would like to speak to him."
……
"Huh? Director Fang? Premier Zhu wants tomeet me? But today is Lunar New Year Eve! Oh, I can go after Lunar New Year?Ok. I will go to Beijing on the 5th day of Lunar New Year and willcall you when I reach. Alright. Happy New Year." After hanging up, Feng Yuwonders…
Why is Iron Fist Zhu meeting me again? Isit because of the Old Man?
Translator's notes: This author is suffering from blind patriotism like the millions of Chinese in China. Anyway, this is the effect of CCP's brainwashing.
