Seeing this, many people probably felt dizzy.

Didn’t Citibank borrow $100 billion in loans?

This shows that Citibank has at least $100 billion in funds, so how could the stock market be worth only $75 billion? This is absolutely impossible.

But this is true. There are a lot of similar examples in reality. For example, a company has 10 billion yuan in cash, but its market value in A-shares is less than 8 billion yuan, and then it is directly acquired by others.

Apple once had $300 billion in cash, but its stock price was just one little higher than this at that time.

Of course, there are probably some shameful reasons or other tricks here. Citibank does not have these things at all, it is only worth $75 billion.

For example, if you check the market value of Citibank now, it will be only more than 130 billion US dollars, but Citibank's cash business is as high as trillion US dollars.

In fact, this is almost the case in the entire banking industry, because there is a basic common sense that everyone ignores, that is, no matter how much cash a bank has, these cash are deposits and all the money of depositors. It has nothing to do with the bank itself, and the bank is just custody.

Take Citibank as an example. In 2008, Citibank's user savings and funds from various funds had exceeded US$1.00 billion.

However, after the release of Citibank's financial report, it was found that throughout 2008, Citibank suffered a loss of US$1.263 billion, and the assets that really belonged to Citibank were only more than US$36 billion.

So is the total market value of this $75 billion still low?

Of course, before the outbreak of the financial crisis, Citibank's market value exceeded 100 billion US dollars, which is definitely one of the top ten banks in the United States. However, after the outbreak of the financial crisis, Citibank's market value plummeted along with the entire stock market. When Citibank was exposed to loans of more than 80 billion US dollars to General Motors, and General Motors was unable to repay the loans, Citibank's total market value plummeted to less than 60 billion US dollars.

To be honest, if Daqian hadn't started secretly acquiring all the circulating shares of Citibank, Citibank's stock price would have turned losses into profits and rose again to US$75 billion.

At the beginning, the senior executives of Citibank were a little happy, but when they realized it, everything was too late, because 80% of Citibank's shares were circulating, and Daqian achieved relative control of Citibank through various means.

So just yesterday, representatives of Daqian Group appeared at Citibank, forced a shareholders' meeting, and announced the appointment of Mr. Jia Yapeng as chairman and CEO of Citibank.

All the senior executives in Citibank were stunned. For a moment, no one remembered to call Fantsey. Otherwise, Fantsey would have gone to Daqian to show off today, but he should have come to lick his master well.

Unfortunately, Fantesey missed this opportunity forever, and he received a letter of expulsion issued by the chairman on the spot, and Fantesey was directly fired.

As the chairman of Citibank, Boss Jia immediately stopped pursuing the funds of Daqian Group, saying that Daqian would just repay the loan according to the plan every year. If there is no money, it can be slowed down, it doesn’t matter.

Of course, Daqian cannot let Citibank exempt his loan directly, because it was borrowed from depositors' money, not Citibank's own money. If Citibank dares to exempt it, the US Banking Regulatory Commission will ask you to talk about it in the next second.

But if Daqian cannot repay the money, then Citibank will give a three to five-year buffer period and will not charge any interest between the buffer periods, which is a completely legal operation.

Soon the whole news spread throughout the financial circle, which was the first thunder they heard in 2009.

The company that borrowed money transferred to buy loans to its own bank. Such operations were unheard of. This was a great financial innovation!

According to later generations, Daqian's total expenditure on acquiring Citibank was US$41.2 billion. Including the annual installment of US$11.2 billion, Daqian actually only spent US$52.4 billion to solve the huge crisis of US$100 billion. By the way, Daqian Games was completely protected, and no one could have the idea of ​​playing Daqian Games.

This is definitely the most shocking operation in the 21st century, and it even later led to many banking practitioners' concerns, fearing that they would be swallowed up by someone if they were accidentally taken down.

On the other hand, China was quite excited because Citibank's reputation in China was really great. You know, when Chinese people called the United States Citibank, then Citibank was almost the Bank of America.

In addition, Citibank is also the most impressive bank for Chinese people. Together with HSBC and Standard Chartered Bank, he became one of the three notorious foreign banks in China in the old era.

Citibank was originally established in 1812. Later, the Eight-Nation Alliance entered the imperial capital. Li Hongzhang signed the Xinchou Treaty that was humiliating and humiliating. The most important of the Boxer Indemnity was the participation of Citibank.

Speaking of Li Hongzhang, Boss Jia has always been disgusted with those who blundered Li Hongzhang in later generations. Li Hongzhang was not allowed to be blundered. He was the first Chinese traitor who lost power and humiliated the country.

At that time, there were always people who were wearing Li Hongzhang on the grounds that Li Hongzhang was facing such a bad situation and how rotten the Qing court was. If they refused to sign the contract, China would be completely colonized and ruled.

But this is completely nonsense. How bad could Li Hongzhang be facing at that time?

Anyway, the imperial capital is over, the Old Summer Palace has been burned, and the old witch is hiding in Xi'an and has a home that dares not return. At this time, if Li Hongzhang waves his arm and the entire southeastern half rises up, our Qing Dynasty will be over, and China will start a republic in advance, and maybe he will have a new path.

The decay of the Qing court is real, but if the decay of the Qing court is, is Li Hongzhang clean?

Li Hongzhang is no less greedy than anyone else. In addition, if the Qing court is rotten, why don’t you, Li Hongzhang, raise your arms and wave?

Some people also say that these are all commanded by the old witch behind the scenes, and Li Hongzhang is just a cover for taking the blame.

I believe this, there must be the instructor of the old witch behind this. After all, for the old witch, it doesn’t matter how much money China pays. It is true that I can continue to act as a hero.

But you, Li Hongzhang, are not a bannerman. Even if you don’t want to rebel, you can change jobs. After all, your Huai Army is here. No matter what you do, the old witch will have to coax you and will never dare to turn against you.

To take a step back, even if Li Hongzhang does not wave his arms and does not provoke the great powers, Li Hongzhang just needs to do nothing, but will not sign the contract if he kills him. If he delays him for a year or two, the conditions of this treaty can be reduced by at least ten times.

This is not a joke, because these Western powers had exhausted all their strength at that time, and they no longer had the power in the Far East, otherwise they would not have to gather the power of eight countries to start working.

In addition, what can they do if they conquer the entire China? Their power cannot rule China at all. China is not India and cannot be ruled by them. If they stay in China for a long time, they will be dragged into the quagmire and unable to extricate themselves. They will also involve a large amount of local power. Maybe they will be rushed by the Germans.

So at that time, the Eight-Nation Alliance had no confidence to swallow so many conditions. The Yingguo officials in charge of the negotiations at that time asked the parliament for credit, saying that their original plan was only 50 million taels of silver. As a result, due to his persistence and intimidation, he finally received an astonishing compensation of 450 million taels of silver, which was all his credit.

From this we can see how stupid Li Hongzhang was at that time and how scared he was. He was completely a sinner of the nation and was not worth washing.

But to be honest, the title of plastering craftsman in the Qing Dynasty is worthy of its name. If Li Hongzhang did not sign the contract, the Qing Dynasty might have died early.
Chapter completed!