The Great Sage Returns from Ten Years of Imprisonment
Chapter 390 The G7: Each with Their Own Hidden agendas
"Mr. Ling, I'd like to discuss with you the compensation Barclays Bank provided to Yuanda Investment in the performance-based agreement. Some of this compensation requires..."
After exchanging greetings, the British Chancellor of the Exchequer immediately whispered his request.
Barclays is one of the top banks in the UK and a leading name in the British financial industry.
However, it lost terribly in a bet against the stock index options of Yuanda Investment, suffering a loss of hundreds of billions of dollars.
To make matters worse, this comes at the height of the global financial crisis, and after this devastating blow, Barclays almost slid into bankruptcy.
Fortunately, the British government saw the situation was dire and intervened in time to help Barclays Bank escape bankruptcy.
After some time, the difficulties faced by Barclays Bank eased, and its operations gradually returned to normal.
After stabilizing the situation, these British people looked back at the compensation agreement they had reached with Yuanda Investment and felt that they had been taken advantage of.
So, these bastards are trying to renege on their debt again!
Like Buffett and Lloyd, the president of Barclays Bank and the British Chancellor of the Exchequer also knew that Ling Yun was the mastermind behind Grand Investment.
Upon hearing Buffett bring up the matter, the British Chancellor of the Exchequer immediately sensed an opportunity and stepped forward to argue with Ling Yun.
Before he could finish speaking, Ling Yun interrupted him with a smile and a shake of his head.
"I'm sorry, Mr. Alistair, you should have Barclays Bank discuss this with Grand Investment, not come to me."
"My current role is as a member of the Chinese delegation. I have my own job and responsibilities, so it's not convenient for me to discuss these matters during the summit."
"However, I still have to say that since it's a bet, you have to accept the consequences. That's all for now, I need to get back to my job."
After saying that, he took two steps back and returned to his original position.
Then, with a smile on his face, he stood still, looked at the British Chancellor of the Exchequer and Buffett's entourage, and firmly shook his head.
"Ah, you..."
The British Chancellor of the Exchequer was about to argue when he was silenced, his face turning a deep purplish-red.
Seeing his attitude, Buffett and Lloyd exchanged a glance and had no choice but to keep quiet.
In their view, this was only their first meeting, so the current situation was not unexpected.
After all, Ling Yun is an incredibly wealthy billionaire who doesn't need to rely on them for food, unlike those professional managers who need to be careful and fawn over them at all times.
There will be plenty of time in the next day or so for everyone to get to know each other, and even sit down for a meeting to discuss things. There's no need to rush.
Having figured this out, Lourdes and his companions felt a little more at ease.
But Ling Yun's audacity in publicly humiliating them still made them grit their teeth in anger.
Unlike them, the people on the Chinese delegation looked at Ling Yun with admiration, almost giving him a thumbs up.
Several bigwigs, especially those from the economic and financial circles, felt a sense of triumph.
Since China's financial market has only been around for a few years, it is inevitable that they would lack confidence when facing international financial giants such as Buffett and Lloyd.
They dream of doing what Ling Yun did—openly defying financial giants like Buffett—but it's just a dream they can only dream of.
Ling Yun turned his imagination into reality, and everyone in the domestic financial circle naturally felt proud!
As Ling Yun returned to his position and stopped talking to the scheming financial tycoons opposite him, the scene immediately fell silent.
Seeing this, Paulson immediately changed the subject.
He looked at Vice President Wang and asked in a low voice with concern:
"Mr. Wang, as far as I know, the Chinese delegation came to Washington to attend the financial summit with a set of strategies and proposals to deal with this financial crisis."
"Could you give us some information first? How does the Chinese government and financial sector plan to deal with this global financial crisis? Are there any practical solutions?"
"From the official outbreak of the subprime crisis to the global financial crisis, you have spoken out at critical moments on several occasions, making a huge contribution to our and other countries' response to this financial crisis."
"You were the first to propose the exact timeline and landmark events that marked the official outbreak of the subprime and financial crises. I have reason to believe that you will be able to come up with an excellent market rescue plan at this financial summit!"
"brush!"
Everyone present turned to look at Vice President Wang, including several heads of state who had just arrived.
Almost without exception, everyone was full of anticipation, but their eyes also revealed a hint of doubt and disbelief.
This financial crisis has wreaked havoc on every country, causing heavy losses. All countries want to get out of this financial crisis as soon as possible and get back on track.
Now, hearing Paulson say that the Chinese delegation can come up with an effective market rescue plan, we are naturally full of expectations.
But when they thought about the current state of China's financial market, which has only been in operation for a few years, has limited openness, and whose various financial systems are not yet perfect and standardized, they became skeptical!
Unlike most people, a few people at the scene who knew the truth or had guessed part of the facts were secretly watching Ling Yun's expression while looking at Vice President Wang.
Several financial tycoons, including Paulson and Lloyd, were very confident.
From the official outbreak of the subprime crisis until now, many of the financial policies and market rescue measures introduced by China, as well as various market rescue suggestions conveyed to the international financial market, have the shadow of Lingyun behind them.
These things were done very secretly, and outsiders could not obtain any substantial evidence at all, and could only speculate.
Looking at Ling Yun, he remained standing in his position with a smile on his face, his expression unchanged, completely calm and collected.
He noticed all the glances Paulson and the others gave him, but he pretended not to see them.
Vice President Wang looked at Paulson, smiled, and took a sip of his tea.
Then he put down his teacup, leaned back on the sofa with a relaxed air, and gently shook his head.
"Mr. Henry, since our Chinese delegation is here to participate in this global financial summit, we have naturally made preparations. We have indeed brought some proposals and suggestions for market intervention."
"As for how our country should respond to this global financial crisis, we also have a mature and effective response plan, and this plan will have a positive effect on the entire international financial market."
"However, this financial summit will not officially open until tomorrow. We will naturally present our prepared proposals and suggestions at the conference venue, not here before the meeting begins, so I apologize."
As soon as Vice President Wang finished speaking, Ling Yun immediately took over the translation.
His words were translated completely and fluently, without a single mistake.
Having figured out Vice President Wang's meaning, Paulson and his team had no choice but to nod in agreement.
The eyes of the heads of state, finance ministers, and financial tycoons from various countries who had high hopes for China's bailout plan all lit up.
Seeing that he couldn't extract any more valuable information, Geithner took the initiative to join the conversation and began discussing matters related to cooperation between the two countries in the financial sector.
He is the current president of the Federal Reserve Bank of New York and is a shoo-in for the next U.S. Treasury Secretary. There is naturally no problem with him discussing these issues, and no one would think he is overstepping his bounds!
During the discussion, he seemingly casually mentioned the remarkable investment performance of the Broad Group and expressed his hope that the Broad Group could expand its investment in the United States.
He even asked if Chairman Zhao was in the delegation, saying that if so, he would like to meet him.
Ling Yun knew perfectly well what this guy was up to.
He pretended not to know Yuanda Group or Chairman Zhao, and translated with a blank expression.
Vice President Wang listened with a smile, appearing completely unperturbed.
As they were talking, someone on the periphery of the crowd suddenly said:
"Look everyone, the leaders of the G7 are coming in together!"
Upon hearing this, everyone immediately turned to look towards the entrance of the banquet hall.
as predicted!
The cowboy president, in the center, led the leaders of the G7 countries into the banquet hall.
The scene looked impressive, but everyone's eyes were darting around, each harboring their own secrets!
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