Chapter 1048: 1054

David Rubinstein, the founder of Carlyle foundation, arrived at the hotel in the west of Suzhou at 7 o'clock on time. When he saw a dimpled Chinese girl with a smile, the 47 year old middle-aged man, who has been involved in Washington's officialdom and fund field for many years, first reacted with emotion.

As one of Simon westero's two most important lovers in China, Rubinstein knows that Chen Qing is actually the same as Lin Su, who is on the Forbes 400 list of the rich in the United States this year. In terms of status and wealth, it is hard to avoid the feeling that people are more angry than others.

Carlyle foundation was founded in 1987 and has been struggling for nearly ten years. Rubinstein's wealth is only $20 million or $30 million.

Fortunately, with George Soros officially joining Carlyle as a partner a few months ago, and even further catching up with the booming westero system, Carlyle fund, which had been playing a small game in the past decade, finally ushered in a big turning point.

In particular, last month, after tireless contact here, Carlyle fund received a one-time investment of US $1 billion from Westeros.

Westrow's investment in Carlyle fund is even better than George Soros's joining. Therefore, although westero company has made a clear limit on this fund, basically just borrowing Carlyle's shell, David Rubinstein still attaches great importance to it.

In any case, it's no mistake to invest with the westrow system.

In addition to the 1 billion US dollars, I had a personal talk with westero at the beginning. The arrangement over there was to smash all of them into China's heavy industry, and to be exact, the construction machinery fields related to construction, transportation and mining.

With the rapid expansion of Carlyle fund this year, the investment strategy of focusing only on the U.S. domestic defense field in the past must also be changed, and diversified investment is the inevitable choice. Since Simon westero himself pointed out a way, David Rubinstein came to China a week ago to investigate the current situation of China's related industries.

Just as he was about to return to the United States, he received instructions from westero that Carlyle should invite Chen Qing to be a government policy adviser for all projects involving funds from the westero system in China.

Carlyle's early breakthrough was to obtain a large number of Defense orders by inviting former senior officials from Washington as executives or consultants. Even if there is no westero's request, since Carlyle has decided to do business in China, it will have a good relationship with the Chinese authorities. Since the other side has given an arrangement, even though David Rubinstein thinks Chen Qing's weight is a little low, or even nothing at all, he still agrees.

That's why we have this meeting today.

After greeting each other, David Rubinstein and his assistant sat down at a round table with enough room for seven or eight people. Chen Qing was the only one who sat down, and two confidants were responsible for taking the dishes. They didn't want to let the irrelevant people hear the conversation here. The hotel attendant had to walk to the door.

Chen Qing turned to Rubinstein and said, "David, after half a month in China, how do you feel about Chinese food?"

David Rubinstein is a very talkative person. He smiles and says, "it's amazing. I think I can't live without Chinese food in the future."

"In fact, the same is true of the boss. However, westerners may not be used to some of these tastes. Fortunately, there are many kinds of Chinese dishes. Anyone who comes to this country can find their favorite food. "

"It's true."

The serving efficiency here is very fast. With a simple chat, the two waiters have already brought some food. After all, it's a foreign guest. Here she carefully adopts the dining mode. In fact, Chen Qing is more and more fond of this way of dining, rather than a group of people stirring together in a dish.

Simple greetings, both sides quickly get to the point.

"So, David, what do you think of the batch of enterprise information we provide here?"

David Rubinstein was obviously unsophisticated, but he still insisted on eating with chopsticks. He said: "frankly speaking, Chen, the six enterprises I visited in person in a week gave me the same feeling that they were rough, backward, chaotic and small in scale. Just like XCMG Machinery Group in Jiangsu Province, its revenue in the past fiscal year was only 260 million US dollars, which is not enough Caterpillar, the largest construction machinery manufacturer in the United States, had a revenue of US $14.3 billion last year, but its net profit reached US $950 million "

Chen Qing's smile remained unchanged:" so, David, are you not optimistic about the boss's choice? "

David Rubinstein didn't deny it, saying: "if it wasn't for Simon's investment strategy, I would never have invested a cent in these areas of China."

Chen Qing was very patient and asked, "what about now?"

"Follow Simon's way of thinking, of course," Rubinstein said with a smile. "I just hope that this investment will not become a Waterloo for Simon, otherwise, Carlyle will also have bad luck."

Chen Qing half joked: "in fact, if you can prove that the boss's judgment is wrong, it's a pioneering work. At least so far, of course, it's not that the boss didn't make mistakes, but in many industries, the boss has always been right. ""Yes, so Carlyle plans to follow up the same bet."

"You won't be disappointed, but David, I also hope you remember that the interests of the westero system should come first."

"Of course, the customer is our God."

Chen Qing nodded, then said: "why don't we talk about the specific, do you have a definite goal?"

David Rubinstein raised his free left hand and put up two fingers: "two, as I just said, XCMG is one, and the other is in Hunan. This is a private enterprise called Sany Heavy Industry."

Rubinstein's research objectives during this period are actually materials provided by cerxi Capital China Institute of economics.

Since Chen Qing was appointed as a government policy adviser by her boss, she also conscientiously read the information of many enterprises. Rubinstein said that the general situation of the two enterprises immediately appeared in Chen Qing's mind.

Xuzhou Construction Machinery Group is a large state-owned enterprise. Rubinstein just said that the revenue of 260 million US dollars, equivalent to 2.2 billion yuan, is a considerable scale in China.

The contrast is another Sany Heavy Industry, which is different from XCMG's involvement in agricultural machinery, automobile manufacturing, port machinery and other aspects. Sany is just a company only involved in construction machinery for the time being. To be exact, Sany is a concrete conveying equipment company.

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The reason why Sany was selected by the research institute is that Sany has achieved a technological breakthrough in the pump truck equipment for delivering concrete to high-rise buildings, with the conveying height reaching more than 100 meters, breaking the overseas monopoly on relevant equipment, and with its own high growth, it has become a star private enterprise in relevant fields for a time.

In Chen Qing's view, China's high growth private enterprises are the most popular investment targets on Wall Street.

With this in mind, Chen Qing asked, "Sany understands very well. David, why did you choose XCMG? The company's product line is very complicated, and it is expected that it will lose money this year?"

Instead of answering Chen Qing's question directly, David Rubinstein said, "I have talked with Sany's team and seen their factories and products. This is a company with strict management, clear system and clear development goals. The management is also excellent. I hope to develop it into a comprehensive construction machinery and excavation machinery through capital injection and technical support tycoon. As for XCMG, if I can talk about it, I hope to restructure it, spin off China's highly competitive agricultural machinery and other businesses, and concentrate on the development of port machinery and mining machinery and equipment. "

"Construction machinery, mining machinery, port machinery, mining machinery..." Chen Qing grasped the point skillfully and said, "David, your idea is very good. But have you ever thought about what to do if things don't develop according to your idea?"

"What do you mean?"

"If we only invest in these two companies, do you think Carlyle will spend $1 billion?"

"Of course not, but it's only one side. In addition to construction machinery, Simon is also interested in shipping, railway and other fields, which is also a money burning industry. Chen, you know, I don't plan to spend all the $1 billion in one or two years. It is estimated that the investment will be completed in about three to five years. "

"Well, I mean, I think the boss should have the same idea," Chen Qing said. "That is to invest in multiple companies at the same time, give them corresponding support, let them compete freely, and finally eliminate the weak and stay strong. According to our Chinese side, this is called Well, I don't know how to translate it. In order to get the most ferocious insect king, some people put scorpions, spiders, centipedes and other poisonous insects together and let them fight each other. The last one left is the strongest one. "

"I see. It sounds cruel, but..." David Rubinstein thought for a moment and said, "if Simon agrees, I have no problem."

The main reason is that there is too much money in hand.

If you only invest in the two companies selected this time, according to Rubinstein's idea, one tenth of the $1 billion will not be used. However, if we invest in multiple projects at the same time, although David Rubinstein does not know the story of raising poisonous insects, Chen Qing's idea of natural selection and survival of the fittest is also worth operating.

Because Rubinstein also found that China's related industries are still in the primary stage, so the entry cost will be very low. In addition, China's construction machinery industry is quite scattered, almost every province has related enterprises, and large-scale investment is quite feasible.

Not only that, the mode of wide spread network can still be subdivided. A certain type of machinery is limited to two or three companies, which can also ensure relatively healthy competition.

Of course, the key point is that the premise of all this must be Simon westero's correct judgment on the prospect of China's related industries.

Since 1993, China has adopted a tightening policy, which has led to the shrinkage of the scale of the domestic infrastructure field and greatly affected all kinds of construction machinery industry. According to the normal business cycle, this is a low period for the industry and the best time for bottom hunting. Now that the westrow system is in place, we need to expect China to change its economic policies, move towards easing, and start infrastructure construction on a large scale in the next few years.

As long as this change comes true, the field of construction machinery, as the foundation, will also usher in a period of rapid development.In addition, David Rubinstein has also considered various other aspects, which are based on Simon's correct judgment. Once a young man's judgment is wrong, the $1 billion invested in Carlyle by westerlow system, together with the $1 billion followed up by Carlyle on a year-on-year basis, is doomed to have an uncertain future.

The day after the dinner, Rubinstein returned to North America to prepare for the follow-up.

Chen Qing also received a phone call early in the morning and left Suzhou in a hurry to return to Beijing.

The team in Beijing informed her that the golf course and high-end villa project her boss hoped to build at the foot of Xiangshan in the western suburb of Beijing had made progress.

Flying to the capital in the morning, Chen Qing was immediately called to the municipal government for a meeting.

At first, this side wanted to get 2500 mu of land near the foot of the mountain to the southeast of Xiangshan Park in Haidian District, but it was rejected by the municipal government. However, it did not refuse completely. Instead, it said that if the project wanted to be approved, it would need to move about 1 km eastward. In short, it could not be built at the foot of the mountain.

Chen QingChu was a little depressed, but he was not too surprised.

At the foot of the mountain, not to mention Xiangshan Park, a large area around the foot of the mountain can be regarded as a geomantic treasure land to some extent.

After all, being close to mountains and rivers is a high-quality Feng Shui pattern recognized by most ordinary Chinese subconsciously. Even in the west, I have seen a lot of luxury houses owned by my own owners. Even if there is no geomantic omen theory in the west, the top luxury houses of foreigners are basically the same layout. Chen Qing has also carefully studied the selected plot. At the foot of the mountain, there is no courtyard for some people. Now, it still fails to succeed. Obviously, even if it didn't exist before, there should be one next.

All in all, this pool of water in the capital is still very deep.

After the meeting lasted for more than half an hour, Chen Qing had no choice but to hand over the result to her boss. However, in any case, if such a 2500 Mu super large real estate project can be approved, and the municipal government does not require a joint venture, it is absolutely in the face of its own boss.

Near noon, after the meeting, Chen Qinggang was about to leave with his entourage, and was stopped.

Hastily changed smiling face afresh, Chen Qing shouts to his middle-aged Humanitarianism: "secretary Liu, what's the matter?"

"It's like this, Xiao Chen," the middle-aged man motioned to go out together. He seemed to look at Jill pecker and Zhao Annie who came with Chen Qing and said, "are you very interested in the rose garden villa project in Changping?"

Chen Qing noticed the middle-aged man's eyes, and realized that the action here was not hidden from the above.

this is to find someone to take the order!

Now that the other party has put forward it, and knows that the operator is Jill pecker who follows him. If she denies it again, she will treat it as a fool. Chen Qing hesitates a little and nods her head and says, "it's really concerned. However, secretary Liu, I heard that things are very troublesome?"

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