My 1999

Everyone had no objection to Xu Liang's words.

Qi Hong, wearing a red slim-fitting sweater and black pencil pants, stood up.

She is the head of Venus Fund, a subsidiary of Hanhua Capital.

“Hello colleagues, I am Qi Hong, the head of Venus Fund.

Venus Fund mainly invests in precious metals and jewelry raw materials. Currently, it has two precious metal funds, No. 1 and No. 2 jewelry fund.

Fund No. 1 raised 500 million Huaxia coins, mainly investing in rare earths and lithium. It currently holds 2,210 tons of rare earth elements and 23,000 tons of lithium. "

Nowadays, whether it is rare earths or lithium, they are all considered cabbage prices.

The current price of rare earths is 100,000 Chinese coins per ton. These are unrefined rare earths and are full of various elements.

Not only did Xu Liang only know that the price of rare earths would skyrocket, but he didn't know which element was more valuable, so he simply made up his mind.

The price of lithium is cheaper than rare earths. The current international price is about US$2,000, and it can be cheaper if purchased in bulk.

"The current annual growth rate of the Venus No. 1 Fund is 34.7%. The Venus No. 4 Precious Metals Fund has begun raising funds and plans to raise 2 billion Chinese coins.

It is a good example of Fund No. 1. It is currently relatively smooth and has raised 700 million Huaxia coins. As expected, it will be basically raised in half a year. "

After a pause, Qi Hong turned her head.

"Mr. Xu, can the Venus 4 Fund expand the investment scope of precious metals?"

Xu Liang shook his head after thinking about it briefly.

"No, it's better to be specialized than to be precise. Venus Fund mainly focuses on rare earths and lithium."

Subsequently, with the rapid development of the electronics industry and the explosion of the electric vehicle industry, the prices of rare earths and lithium have also skyrocketed.

So he knows exactly how bright the future is for these two precious metals.

Of course, the future of gold is also good.

But far inferior to rare earths and lithium.

A ton of rare earths, which costs only 100,000 Chinese coins now, will rise to one million in ten years, and rare elements will exceed tens of millions in twenty years.

Lithium is not bad either. Currently, lithium costs less than 20,000 Chinese yuan per ton, but it will rise to 500,000 yuan per ton in twenty years.

It can easily rise dozens or even hundreds of times, which is much better than gold.

Even before he was reborn, gold only cost five or six hundred Chinese coins per gram, not even ten times its current price.

If it weren't for the limited production capacity of rare earths, the current annual rare earth production in China would only be about 5,000 tons. Xu Liang would have invested all in rare earths.

After being denied, although Qi Hong was a little disappointed, she quickly adjusted her mood and continued.

"Venus No. 2 Jewelry Fund has raised 500 million Chinese coins, mainly investing in jadeite rough. It currently holds 137 pieces of ice type and above half-block materials and jadeite clear materials, which has increased by 47.5% after one year of holding."

After the raw jadeite is dug out from the ground, most of it has a layer of rock skin. It is impossible to see whether there is jadeite inside, or what the quality of the jadeite is?

So the business of betting on stones was born.

An experienced stone gambler can blindly guess the jade seed water inside based on the performance of the shell. The most anticipated program of the annual public auction is stone gambling.

One knife to heaven, one knife to hell, just like dancing on the tip of a knife, which makes people want to stop.

Of course, there are full-blocking materials and half-blocking materials.

When a piece of rough stone performs well, in order to increase their profits, jade dealers cut it open and turn the full block into half block.

The price of the latter is naturally higher.

The so-called open material is the unprocessed jade raw material with the skin completely peeled off.

Prices are more transparent.

Many jewelry investment funds will invest in fully sealed materials, semi-blocked materials, and open materials. As long as you don't understand the stone, the value will definitely increase.

However, Xu Liang didn't know how to gamble on stones, and he didn't want to take risks, so he just invested in half-block materials and open materials.

"We plan to establish the Venus No. 5 Jewelry Fund and raise 2 billion Chinese coins. The new fund is currently in the planning stage and will officially start raising funds after the Spring Festival. It will still focus on jadeite rough." Qi Hong continued.

Xu Liang nodded.

As Hanhua Capital continues to grow, Venus Fund has shown signs of being a hodgepodge, which he does not want to see.

Investments must be as specialized as possible, and only after accumulating rich experience can we make more accurate judgments.

Therefore, the reform of Venus Fund is imperative.

"I am very grateful to Mr. Qi for his contribution. Under her leadership, the development of Venus Fund has been rapid. Therefore, the head office decided to give Mr. Qi an additional reward of 500,000 Chinese coins on the basis of the original reward."

"Thank you, Mr. Xu, and thank you to the company. I will repay the company's cultivation with better performance." Qi Hong said happily.

Venus Fund is different from other hedge funds and investment funds of the company. Whether it is precious metal investment or jewelry investment, it is carried out in accordance with the company's established strategy, and there is almost no room for investment talents.

Therefore, Qi Hong does not enjoy 20% of the fund's profits as dividends like other fund managers.

She only has 2%.

Therefore, five hundred thousand Chinese coins is not a small amount to her.

Given the sweet dates, of course the stick must be smashed.

Xu Liang smiled and nodded, "After three years of development, the company has grown a lot compared to the beginning. In order to adapt to the new development form, the investment will be more professional.

Therefore, the head office decided to split the Venus Fund.

Precious metal investments remain the responsibility of Venus Fund.

The newly established ‘Comet Fund’ will be responsible for jewelry investment.

Mr. Qi, can you choose between the person in charge of Venus Fund and the person in charge of Comet Fund? "

Seeing the smile on Xu Liang's face, Qi Hong's previous excitement instantly turned into bitterness.

After all, no one wants to see half of the fund they managed to manage being distributed.

But she also knew that the comfort of half a million Chinese coins had been given and the matter was a foregone conclusion.

"Mr. Xu, can I think about it?"

"certainly."

"I'll give you three days, and tell Mr. Jiang the results after three days."

"OK."

"Zhao Shuang, your human resources department should seize the time to find a new fund manager, mainly for promotion within the company." Xu Liang said.

Zhao Shuang, director of Hanhua's Human Resources Department, nodded quickly.

Whether it is the Venus Fund or the newly established Comet Fund, it does not require much investment ability, as long as the management ability is passable.

It is even said that in these two funds, loyalty is more important than ability.

After the Venus Fund comes the Jupiter Fund.

As a PE fund under Hanhua, unlike Venus Fund, there is only one person in charge, Qi Hong.

Jupiter Fund currently has three sub-funds, each with a person in charge.

The Jupiter 1 Fund is Xu Liang’s private residence and is headed by Zhao Xun.

Currently holding three assets.

32% stake in Tencent.

7.69% stake in Alibaba.

9.3% stake in Netflix.

Netflix's equity was originally 10%, but with Netflix's listing, part of it was diluted. However, at Xu Liang's request, Hanhua did not cash out.

Currently, as Netflix's stock price rises, the value of this equity is close to US$200 million, which is double the original investment.

Liu Zhiping, head of the Jupiter 2 Fund.

It has five assets.

Invested US$11.29 million to hold 29% of Mengniu’s equity.

US$12 million holds 18% of Supor.

US$30 million holds 15% of Gree Air Conditioning.

US$18 million holds 12% of Anta.

US$45 million for a 5% stake in Hua Xia Bank.

These five investments consumed more than half of the US$170 million raised by the Jupiter 2 Fund.

The Jupiter 3 Fund is in the United States and is headed by Duan Yongping.

It is still in the fundraising stage.

In addition to the $30 million invested, he also plans to raise $20 million.

Then there's the Mercury Fund.

There are currently two Mercury funds, one in Beijing and one in Silicon Valley.

The money in each hand is not much, basically ten to twenty million US dollars.

However, the angel round investment is not large, basically no more than one million US dollars, so tens of millions of US dollars of funds may not be used up in a year.

The person in charge of the Mercury 1 Fund is Jiang Zhe, who was originally the deputy director of the technology development department of Hongmeng Bing Company and was responsible for the technology research and development of Bing’s ‘Question and Answer’ business.

He had good technical skills and certain management abilities, so Xu Liang asked him to come over and put him in the position of the person in charge of the Mercury 1 Fund.

Mercury 2 Fund is in Silicon Valley and has just found the right person in charge.

Rolf Barca was originally the chief financial officer of PayPal. After PayPal was acquired by eBay, he was idle at home.

Then he was recruited by Lin Junrui and Chen Shijun.

After Mercury comes the Mars Fund.

There are currently five funds.

The Mars 1 Fund was in Beijing and was originally in charge of Jiang Xiaoyang. However, as the company grew larger and she had more and more things to do, she found a new person in charge of the Mars Fund.

Looking at the middle-aged woman wearing a purple coat who walked up to the front desk, Xu Liang's information also appeared in his mind.

Lu Bingyun.

After graduating with a PhD in biology from Huaxia Medical University and studying at Columbia University for three years, he did not enter the medical industry but entered a venture capital fund owned by Ruihui.

In the second half of last year, he was recruited by Jiang Xiaoyang and became the head of the Hanhua Capital Mars 1 Fund.

Therefore, the investment direction of Mars 1 Fund is also mainly in the pharmaceutical field.

"Hello colleagues, I am Lu Bingyun, responsible for the investment and management of Mars One Fund. Currently, the fund holds equity in six companies.

Yongkang Dental holds 15%, Chaoju Ophthalmology holds 10%, Jiamei Dental holds 14%, Dental Doctor holds 20%, My Lai Medical Cosmetology Group holds 12%, and Aste Medical Cosmetology Hospital holds 18%.

The average holding period is two years. According to our evaluation, although the above-mentioned companies are not listed, their revenue has increased by 5 to 10 times compared with before investment.

Net profit has increased by 3 to 8 times compared with before investment. After two years, our investment has received a generous return.

In addition, after the blockade period of Bright Glasses stock ended, our equity has been fully cashed out, with a total profit of 240 million Chinese dollars in three years of investment, a profit of 16 times.

At present, the Mars One Fund is mainly engaged in three aspects of work.

First, the two-year lockout period of the Mars One Fund is about to end, and we are launching a new round of fundraising.

It plans to raise 1.5 billion Huaxia coins and has a two-year blockade period.

Second, the merger of Yongkang Dental, Jiamei Dental and Dental Doctor.

Third, look for new investment targets. "

After finishing speaking, Lu Bingyun raised his head and said, "My report is finished. More detailed information has been submitted to the head office for review."