Reborn Entrepreneurial Giant.

Chapter 140 US$8 million profit

At the end of October, the international crude oil price rose to US$10. After Qu Li returned to Xiangjiang, he transferred all the crude oil options and futures he held.After cashing out, he received US$95 million in cash, which is a number that is enough to drive countless gangsters crazy.

Fortunately, the money is in the name of the Vision Fund and is not owned by him personally.There is no capital gains tax in Hong Kong or China, so this income is not taxable.

After cashing out, of course, one has to repay debts. Qu Li, who went public on Jumei, needs to explain all the various debts and guarantees he has. It is better to pay off the debts and transfer the guarantees. At this time, the vest of Vision Fund is used.

After using US$8000 million to repay the money borrowed from Lehman and HSBC, he could finally face the various reviews of Jumei's listing calmly.15% of the shares of Xiangcai Securities were transferred to his domestic Vision Fund. Xiangjiang’s Vision Fund was left with US$8 million, 2000 gold call options and a share of US$2000 million invested in Paulson Fund.

Qu Li, who has so much money, refused interviews with Hurun and Forbes, so his name did not appear on either list.

Without all kinds of complicated financial investments, Qu Li suddenly felt a lot more relaxed. Unfortunately, the senior management of HSBC Xiangjiang made an appointment with him and held a grand dinner for him. Many young second-generation people from Xiangjiang attended.Qu Li even met Wu Hongning, and he was really haunted.

"Why are you everywhere?"

"I couldn't wait in the United States, so I came to Xiangjiang to see you."

"Just keep talking, there's not even a phone call."

"Some things can't be said over the phone."

"Then you'd better not say anything, I'm afraid."

"What do you have to be afraid of? You will be on Forbes next year."

"Fortunately, I didn't mention Hurun. I still want to fight for my ideals for a few more years."

"Haha, no matter who goes in, it won't be your turn. Glory is really Glory." Wu Hongning made a pun, which made Qu Li feel at ease.

"What's the matter?"

"No rush, let's meet some friends first and talk tomorrow!" Wu Hongning said and left with a glass of wine. A senior executive from HSBC brought someone over to meet him. It turned out to be Li Bancheng's eldest son, Li Zeju.

"Hello, nice to meet you." Li Zeju took the initiative to step forward, and Qu Li responded enthusiastically. It turned out that it was Ms. Zhou from Victoria Harbor Investment who introduced Honor Future, Hutchison Whampoa's 3 Group, Hutchison Telecom, and even Xiaocao There is room for cooperation in both PCCW and PCCW.

The two chatted about everything from smartphones to e-commerce. Although their words were simple, they were full of information. Although Qu Li was inexperienced, he did not show any timidity. He relied on his vision ahead of the times to maintain the situation. He did not know that Li Zeju was already shocked. Times have changed. It's so fast. A junior high school student in Mainland China has such ability. English and Cantonese can be seamlessly connected. Although sometimes the words are not accurate, the meaning he wants to express is not difficult to understand.

"No one wants to sell Honor G1 to the world in the shortest possible time than me, but I have to wait. This is our first mobile phone. If there are serious quality problems, it is likely to cause serious damage to the confidence of the Honor team." of blow.

I have to leave myself and the team with enough time and energy to deal with whatever may happen in the future.In addition, Texas Instruments' chips are also a very important factor. If their yield rate cannot increase and production capacity cannot be increased, we will not be able to produce mobile phones..."

Hearing Qu Li's words, Li Zeju's confidence in cooperation increased. If the Glory team was like Qu Li, the probability of success would be too high.As for Quli's other company, Li Zeju couldn't help but think of Jumei, which was preparing to go public.

"I divide the development of Jumei into three periods. The first is the e-commerce website and sales platform; then we extend our influence to the physical manufacturing industry through our own brands; the third stage is to integrate factories and consumers through the Jumei platform. be directly connected.”

"I have great confidence in achieving the first step. The second step of building my own brand was originally thought to be difficult, but through Facebook, the influence of the Internet has been miraculously amplified. Xiangyun coconut shoes are expected to become an explosion in the field of sports shoes. payment."

"There is only the third step. I have no clue now, and I may not try it in five years, but I must speak out and let everyone know the future development direction of Jumei. We are not Amazon, eBay, or Ali. Jumei." Beauty is just about gathering beauty..."

"In the first five years after Jumei's listing, the e-commerce platform and Riyue Fenghua's private brand part will implement relatively independent development strategies, and will be deeply integrated after five years. In five years, Jumei's valuation will grow from the current billion to tens of billions A US dollar-level listed company will grow to hundreds of billions of dollars in five years..."

Qu Li told Li Zeju and possible investors at the scene that although the road show had not started, HSBC had already begun to promote Jumei in Xiangjiang.

People keep approaching Qu Li, with various purposes. The fact that HSBC can prepare a dinner for him speaks volumes. He is a real rich man.Rich people who are self-made and have never seen the world are the easiest to deceive. For example, the big boss of Gionee is said to have lost most of his net worth because of Du Bo...

Qu Li doubted his own self-control, so he kept an attitude of keeping strangers away, and stayed away from rich second-generation people who had no possibility of cooperation.

It was said that the dinner was prepared for Qu Li, but this was just HSBC's excuse. There were many small circles at the scene, and some people simply ignored Qu Li, a nouveau riche.But no matter what, Qu Li's wealth will grow more and more.

Of Qu Li’s US$8 million, US$4 million was injected into the Vision Fund that focused on the domestic market. At this time, the exchange rate of the US dollar to the RMB had almost fallen below 7.5. The US$4 million was converted into about 30 billion softmei coins. All of them were bought. If you invest in long-term treasury bonds, when the A-share bubble bursts, the treasury bond yields will rise and the soft currency will appreciate.

The Vision Fund still has 5000 million, and it has allocated $[-] million to buy short options on the three major indices of Hang Seng, Nikkei, and S&P, as well as Citigroup, AIG, Freddie Mac, and Fannie Mae.

Investing US$2000 million in the three major stock indexes, he can earn about US$8 million for every 2% drop in the stock index. It is conservatively estimated that he can earn US$1.5 million.

The $3000 million short on Citibank and AIG Insurance can buy $6 million worth of stock put options (these companies are close to bankruptcy a year later by selling $6 million worth of stock to a counterparty at the current stock price) .

It is conservatively estimated that this wave can earn 4 million U.S. dollars, which may be close to the maximum of 6 million U.S. dollars. If there is any suspense about how much the final profit will be, there is no suspense that Qu Li will definitely make money.

So why not buy more?It would be great if these 8 million US dollars were smashed down to become 100 billion US dollars. Not to mention whether we could find a counterparty, suppose that HSBC arranged for one or two employees to team up with some gangsters to kidnap and extort Qu Li.When something goes wrong, HSBC will have temporary workers to take responsibility. If it succeeds, it will earn billions of dollars. Most people in this world cannot withstand such a test.

Therefore, Qu Li's US$5000 million was dispersed and confidentially invested through HSBC, Goldman Sachs, and UBS, and the amount was carefully controlled.Only earn what you should earn and earn money within your own capabilities. People must be self-aware.The remaining US$3.5 million was divided into two parts, of which US$2 million was converted into Japanese yen and US$1.5 million was converted into euros, and then long-term government bonds were purchased.

Why buy government bonds?Because it has good liquidity, it can be cashed out at any time. In addition, after the financial crisis broke out, the funds that fled from the stock market would buy treasury bonds. At that time, the price of treasury bonds rose and the yield fell, and he could make another wave of profits.

I don’t know if it’s clear. Here’s an example: Qu Li buys a government bond that has just been issued with a face value of 100 yuan and an annual interest rate of 5% (unchanged). The principal and interest income will not change at 105 yuan when it matures in one year, so the yield is 5%.However, more people are buying treasury bonds in the market. Someone buys a treasury bond with a face value of 100 yuan at a price of 101 yuan. This person's yield is 105/101, about 4.27%.

When the A-share bubble bursts, you will definitely make money by buying government bonds, but not much. The big profit will be the exchange rate. When the U.S. subprime mortgage crisis breaks out, the U.S. dollar will inevitably depreciate. As for the future, who knows, after the European crisis, the U.S. dollar will definitely appreciate.

These principles were gradually learned by Honor after it became a multinational enterprise. If you don't understand these principles, exchange losses will wipe out Honor's profits.For example, at this time, Honor removed the funds required for overseas purchases from the US dollar and Euro purchase contracts, and then exchanged the rest for soft currency through mortgage to lock in the exchange rate in advance.You can also lock in the exchange rate by purchasing foreign exchange options...

There are many ways to avoid the appreciation of soft currency, and I will not give examples here. In a few days in Xiangjiang, Qu Li arranged the whereabouts of all funds. It is not that he did not know that the international crude oil price would rise to around 150 US dollars, but the global Investors all know that $100 a barrel of crude oil is a big psychological barrier and is not easy to break through. Wait a minute!