I'm in the county town, and you say I'm a big shot?

Chapter 742 Goldman Sachs Rejects Jinghai Bank's Request
"How did they respond?"

"They said it was a professional financial solution, handled by Goldman Sachs' China team. Its core operating mechanism is to guide clients to conduct a series of cash operations through specific overseas platforms to build a legal cross-border capital loop. This move can effectively help these three companies take advantage of the interest rate or exchange rate advantages of overseas markets, thereby significantly reducing their overall financing costs."

"For Goldman Sachs, this not only generates revenue through the design and execution of solutions, but more importantly, it locks in substantial spread profits as a counterparty or market maker. This complex financial structure, which benefits all parties involved, is precisely the area of ​​expertise that Goldman Sachs excels in."

Fang Qingye responded with an "oh" after hearing this.

This is indeed typical practice in the international investment banking field.

Goldman Sachs is not alone; all the top investment banks excel at this – by designing sophisticated financial structures, they achieve a win-win situation for all parties within the bounds of compliance: the funders can obtain extraordinary returns, corporate clients can optimize financing costs, and the investment banks themselves can earn substantial returns through their professional services.

"Can you see the financial agreement that these three companies signed with Goldman Sachs China?" Fang Qingye asked.

"No, the specific agreement is their trade secret and they won't disclose it to any third party. However, Fang Xing, if you're still worried, we can get a formal explanation from Goldman Sachs."

“Okay.” Fang Qingye immediately agreed: “However, I don’t want a regular letter of explanation, it’s meaningless. I want them to issue a legally binding ‘Representation and Warranty’ letter, stating in black and white that there are no cross-breach clauses involving any related third parties!”

On the other end of the phone, Chen Danlu's heart tightened.

A legally binding Representations and Warranties Letter!
Fang Qingye's explanation over the phone did not dispel his doubts about her whereabouts; he was clearly determined to pursue the matter to the end!
"Okay, I will notify Goldman Sachs China as soon as possible."

Chen Danlu put down the phone and looked at Gao Pan standing next to her.

"President Fang requested Goldman Sachs China to issue a legally binding 'Representations and Warranties' letter, clearly stating in black and white that there are no cross-default clauses involving any related third parties."

"Huh? President Fang is still worried?" Gao Pan asked, somewhat surprised.

“Yes, he’s very worried. I reckon he’s going to pursue this to the very end!” Chen Danlu stared at Gao Pan, as if he had noticed something.

Gao Pan quickly noticed that Chen Danlu's eyes were not right and immediately said, "President Chen, I guarantee with my personal integrity that I have not exchanged any benefits with Goldman Sachs China or these three companies. All aspects have been professionally reviewed by our risk management personnel."

Chen Danlu nodded: "I believe you. However, President Fang insists on a legally binding 'Representations and Warranties Letter,' and I guess Goldman Sachs probably won't issue one, right?"

“It is indeed beyond the scope of standard contracts.” Gao Pan frowned. “But since President Fang has requested it, I still have to give it a try. I will go to Goldman Sachs in person right now.”

“I’ll go with you.” Chen Danlu immediately stood up.

Gao Pan looked slightly surprised, but simply nodded. The two drove straight to the Lujiazui Financial Center.

As expected, they were met with a polite rejection from Goldman Sachs China.

They were greeted by Zhang Dongwen, an analyst from the financial investment department, whom Gao Pan knew; she was also one of the designers of this financial product.

She led the two to an elegant reception room, personally poured them coffee, and behaved with grace and poise.

“Mr. Gao and Mr. Chen, we are deeply honored by your personal visit.” Zhang Dongwen sat down opposite them, her hands resting lightly on her knees, which were clad in a tube skirt. “Our headquarters legal department has already given a thorough review of the Letter of Representation and Warranty.”

She leaned forward slightly, her tone sincere yet uncompromising: "Goldman Sachs, as the guarantor of the transaction, has fully fulfilled its risk disclosure obligations in the master agreement. Issuing such a separate guarantee letter is neither in accordance with international derivatives trading practices nor does it exceed our legal obligations. We hope you two will understand this."

“You can meet with our Vice President Lin Wei to inquire about this matter, but you need to make an appointment in advance.” Zhang Dongwen looked at the two of them: “However, I can say that even if you meet with our President Lin, you will get the same answer as me.”

Chen Danlu and Gao Pan exchanged a glance, both seeing the helplessness in each other's eyes, just as they had expected before coming.

"Thank you," Chen Danlu stood up. "We may inquire about this contract again in the future, and I hope Goldman Sachs will cooperate fully."

"We will." "Goodbye!"

"goodbye!"

Zhang Dongwen saw the two out of the office, and a complicated expression appeared on her face as she watched them leave in a hurry.

She pondered for a moment, then walked to the office with the sign that read "Goldman Sachs China Vice President and Head of Financial Investment Department," and gently knocked on the door.

Lin Wei was standing in front of the floor-to-ceiling window in her office making a phone call, with the scattered skyscrapers of Lujiazui not far away.

Seeing Zhang Dongwen come in, Lin Wei hung up the phone and asked, "Are they gone?"

"Yes." Zhang Dongwen respectfully recounted the details of their meeting.

"Very good answer." Lin Wei nodded in satisfaction, her tone full of approval. "You know what to do next time they come."

"Understood, Mr. Lin. If there's nothing else, I'll go back to my work now."

"Wait a minute..." Lin Wei called out to her, her gaze seemingly sweeping over her casually, "I remember you said you graduated from Shencai University? Fang Qingye, the president of Jinghai Bank, was your college classmate?"

“…Yes.” Zhang Dongwen’s heart tightened, and she answered in a low voice.

"Classmates are classmates, and work is work. We need to keep that separate." Lin Wei's tone was calm but carried an undeniable weight. "Look at the financial circle in Shanghai. The top firms in China are either Shanghai University of Finance and Economics, Central University of Finance and Economics, or Renmin University... The friendship between classmates is the norm here, not an exception."

"I understand, Mr. Lin."

Zhang Dongwen lowered her eyes, a bitter taste filling her mouth.

"Do a good job," Lin Wei said, changing the subject. "Once this matter is successfully resolved, I'll promote you to investment manager and put you in charge of the project."

"Thank you, Mr. Lin!" Zhang Dongwen was overjoyed.

Her master's degree from Shenyang University of Finance and Economics is hardly remarkable in an investment bank filled with Ivy League PhDs and top overseas returnees.

She had always achieved some success through hard work, but without connections or resources, her path to promotion was always fraught with difficulty. Now, Lin Wei's personal promise was like a ray of dawn, illuminating her way forward.

Watching Zhang Dongwen quietly close the door and leave, Lin Wei picked up her coffee, a subtle, enigmatic smile playing on her lips.

When Fang Qingye arrived at work in the afternoon, she received a report from Chen Danlu via phone. Fang Qingye didn't seem too surprised by the result.

If Goldman Sachs could readily agree to that, it wouldn't be Goldman Sachs!

As Fang Qingye listened to Chen Danlu's detailed report, she suddenly heard the name Zhang Dongwen and immediately asked, "Chen Xing, which university did this Zhang Dongwen graduate from?"

"Shenzhen University of Finance and Economics, is the same school as you."

"Oh, I see," Fang Qingye said. "Okay, you guys go ahead with your other things, I'll handle this."

"Ok."

After hanging up the phone, Fang Qingye drank her tea and pondered for a while before taking out her phone and dialing Zhang Dongwen's number.

(End of this chapter)