Goldman Sachs Group is an internationally renowned financial institution integrating investment banking, securities trading and investment management. It has regional headquarters in Hong Kong, London, Frankfurt and Tokyo, china, and has nearly 50 branches or offices in more than 20 countries and regions around the world, with more than 20,000 employees. At present, the company's total assets have reached more than 300 billion US dollars. Goldman Sachs has a well-developed branch network around the world.
Goldman Sachs was once the last private partnership investment bank on Wall Street. In May 1999, it finally successfully embarked on the road to listing, becoming one of the world's largest investment banks by market capitalization. For a long time, Goldman Sachs has maintained a leading position in the global investment banking market and occupies a pivotal and important position in the global investment banking industry. He was the first foreign investment bank to be licensed for B-share trading on the Shanghai Stock Exchange, one of the first foreign institutions to qualify for QFII, and has acted as an advisor and lead underwriter in a number of large global debt offerings by the Chinese government. Goldman Sachs was also the first foreign institution to win the bid to assist China in dealing with non-performing assets, and the first foreign-funded institution to complete the international sale of non-performing assets. Goldman Sachs was also one of three underwriters in the recent listing of the Bank of China.
In 1997, Goldman Sachs raised $4 billion in China Mobile's initial public offering, making it one of the largest privatization projects in Asia (excluding Japan).
In March 2000, Goldman Sachs conducted an initial public offering by PetroChina, raising US$2.9 billion
At the end of 2001, Goldman Sachs purchased a package of assets with a book value of 1.972 billion yuan from China Huarong Asset Management Company on a cash-plus-cooperative basis.
In July 2002, Bank of China (Hong Kong) conducted an initial public offering, raising US$2.67 billion;
In 2003, the China Aviation Oil Incident was a sensation. Aviation Oil's management hired Goldman Sachs as the company's investment adviser, and after listening to Goldman Sachs' advice and seeing the anti-oil price trend (bearish when it rose sharply), China Aviation Oil eventually lost $550 million in futures trading.
In the same year, Goldman Sachs and Huarong Asset Management Company established a joint venture company, Rongsheng Asset Management Company, which was the first Sino-foreign joint venture asset management company officially registered and approved by the Chinese government. Soon, Goldman Sachs acquired more than 8 billion yuan of non-performing assets from China Great Wall Asset Management In April 2005, Goldman Sachs bought the Pidemco Tower at 318 Fuzhou Road in Shanghai for $107.6 million, making it the most expensive real estate transaction in Shanghai to date.
In 2004, Goldman Sachs avoided people's eyes and ears into western mining, and then western mining seized the bull market opportunity in 2007, under the "protection" of Goldman Sachs, the stock price soared to 68.5 yuan, unlimited scenery, and even known as "China's mining pearl".
Goldman Sachs has reaped ultra-high equity appreciation gains through proxy shareholding, and its book profit was once as high as nearly 200 times. However, after getting a lot of sweetness, Goldman Sachs began to continuously reduce its holdings in Western Mining, resulting in the latter's stock price continuing to decline, while Goldman Sachs reduced its holdings in Western Mining by more than 178 million shares in one year, making a profit of up to 1.747 billion yuan.
In the same year, Ping An Insurance held an initial public offering in 2004, raising US$1.84 billion; ZTE held an Initial Public Offering in Hong Kong in the same year, raising US$400 million, which was the first A-share company listed in Hong Kong;
In 2005, Goldman Sachs injected $22 million into 21st Century China Real Estate, making it the second largest shareholder of 21st Century China Real Estate.
In the same year, bank of communications of China's overseas listing project raised US$2.2 billion in 2005, becoming the first Chinese state-owned bank to list overseas, and PetroChina's subsequent stock offering in the same year raised US$2.7 billion.
In 2006, Goldman Sachs also successfully completed CNOOC's US$1.98 billion rapid filing and Bank of China's US$11.19 billion H-share IPO project. This is the largest IPO project in China and the fourth largest in the world as of the launch date
In 2007, the design should be combined to encircle Andepley
Hepalink is a high-tech enterprise in Shenzhen, the main production and export of high-quality heparin series products, all products exported, the unknown Hepalink in 2010 small and medium-sized board listing set a record of 188.88 yuan ultra-high price. Goldman Sachs' role this time is its "food and clothing parents", and in 2007 Goldman Sachs Pharmaceutical acquired a 12.5% stake in Hepalink for $4.9088 million.
At that time, the "heparin fraud incident" made it impossible for other heparin sodium manufacturers in China to enter the US market, and under the blessing of Goldman Sachs' light, the "innocent" Hepalink had the honor of joining hands with the American enterprise APP to make its heparin sodium obtain the so-called US FDA certification.
Subsequently, Hepalink continued to explore overseas markets, and APP and Sanofi-Avent have become its major customers, and its revenue accounted for nearly 70%.
However, just like a "too much is something you don't know" lyrics sung, Hepalink, who patronizes the money, does not know, "Daddy" Goldman Sachs has long been in cahoots with his own gold lord, APP and Sanofi-Aventis, after Goldman Sachs suddenly broke off the "father-son relationship", the so-called FDA certification was questioned, Hepalink had no time to deal with, can only watch overseas orders continue to shrink, down and leave.
The 2008 CITIC Pacific incident should have been instigated by Goldman Sachs, which purchased a series of foreign exchange derivatives based on the Australian dollar exchange rate. In the end, the Australian dollar fell, resulting in a huge loss of HK$15.5 billion for CITIC Pacific, and the company's chairman and former Richest Man in China, Rong Zhijian, resigned, and his business career came to an end.
In 2018, Goldman Sachs also ingested many events, such as Goldman Sachs being blown up by Sinopec to buy crude oil, resulting in a loss of 61.8 billion yuan for Sinopec, and at the same time, the general manager and party secretary were both suspended.
In recent years, Goldman Sachs has been involved in major mergers and acquisitions in China as a financial advisor, such as Nissan's investment of US$1 billion in Dongfeng Motor, Daimler Chrysler's investment in BAIC's US$1.1 billion, TCL's establishment of a Chinese joint venture with Thomson, HSBC's acquisition of a 20% stake in Bank of Communications of China, Lenovo's acquisition of IBM's personal computer division, PetroChina's acquisition of Kazakhstan Petroleum and CNOOC's acquisition of oil assets in Nigeria.
To sum up, Goldman Sachs' influence in China has been tied to the depth of China's economy, and I end with a quote from the Wall Street Journal, who once described Citi as follows: "When you walk into Citibank's headquarters, you unconsciously realize that you are already at the peak of world power." It was like an aircraft carrier moving at full speed, trembling everywhere around it. ”