My 1999

Xu Liang smiled and pressed his hands down.

"Thank you very much for your applause, and please calm down. I am only 22 years old in one month, I am still very young, and I also have the pride and impatience of young people.

If you give me too much applause, I’ll probably get carried away. "

Although everyone did not understand the meaning of "Gone with the Wind", let alone "Versailles", a buzzword twenty years later, this did not prevent them from giving Xu Liang the middle finger in their hearts.

Only 22 years old in a month.

Comparing Xu Liang's achievements, this is simply an enviable age.

"Mr. Xu, we are all members of the company. Can you also share your investment secrets with us?"

Xu Xin smiled.

Among the group of female generals in the company, she is the oldest and joined the company early, so she has the least scruples when speaking.

"Yes, Mr. Xu. We are all our own, you can't hide them."

Liang Si smiled.

Looking at the noisy crowd, Xu Liang smiled and said: "I am only 21 years old. What experience can you expect from a young man who has not graduated from college and has never received professional financial investment training?

My investment success relies on intuition based on detailed information. This is a talent. "

Seeing him pretending like this, Jiang Xiaoyang couldn't help but said.

"The way you look now, you really deserve a beating."

Everyone burst out laughing.

Jiang Xiaoyang is the only one who dares to say this.

Xu Liang didn't take it seriously either.

After everyone finished laughing, they called up Sha Zhigang, the person in charge of Xuanwu Fund.

Currently there are two Xuanwu Funds.

Fund 1 raised US$500 million, and Fund 2 raised US$1 billion.

It has three main projects.

First, the New Dream Real Estate Project, 103 buildings, 950,000 square meters, with a total cost of 4 billion Chinese yuan, a down payment of 30%, and a loan interest rate of 6.7%.

This project has just been taken over from Red Rock Fund.

It consumed US$260 million in funds.

Second, the Fuhua Apartment project is positioned as mid-range.

All of them were acquired and renovated from unfinished buildings.

At present, 19 projects covering 1.83 million square meters have been negotiated in Beijing, Shanghai, Yangcheng and Pengcheng.

Invested 7.2 billion Chinese dollars and borrowed 15 billion Chinese dollars from Standard Chartered Bank.

At present, the Fuhua Apartment project is still growing, with 1.2 billion US dollars and a principal of 10 billion Huaxia coins, and there is still 2.8 billion that has not been invested.

After all the money is spent, Fuhua Apartment can add 10 projects with a construction area of ​​about 700,000 to 1 million square meters.

Third, the Hongmeng headquarters project.

The entire project is divided into three phases.

Excluding the participation of Hongmeng Company and Hongyan Fund, Xuanwu Real Estate Investment Fund has two projects here.

Fu Wah Apartments and Fu Wah Court.

The former covers an area of ​​204 acres, mainly high-end apartments, with a floor area ratio of 1.8, a total construction area of ​​244,500 square meters, and a total investment of 800 million Chinese yuan.

Xuanwu Real Estate Fund has invested US$40 million to acquire the land and construct the first phase, and will seek bank loans for the remaining money.

Fuhua Garden covers an area of ​​403 acres and is mainly composed of mid-to-high-end elevator houses, townhouses, and single-family houses. The floor area ratio is 1.5, the total construction area is 589,400 square meters, and the total investment is 2.5 to 3 billion Chinese yuan.

However, the entire Hongmeng headquarters project is divided into three phases of nine years, and Fuhua Garden is placed in the last phase, which will start construction six years later, so there is no need to worry.

At this point, Xuanwu Real Estate Investment Fund’s two phases of US$1.5 billion have almost been spent.

"Thanks to the rising wave of real estate in China, the overall real estate prices we invested in rose by 17%, outperforming domestic unsecured commercial loan interest rates." Sha Zhigang said.

Xu Liangliang understood that if he had not given the new dream real estate project to Xuanwu Fund, their increase this year would have exceeded 20%.

"Is there a fund-raising plan for the third phase of Xuanwu?"

"Preparations are already underway and we will officially start raising funds after the Spring Festival. We plan to raise US$1.5 billion and have a two-year blockade period."

Xu Liang nodded, "Adjust to US$2 billion."

Sha Zhigang was a little surprised. Although Huaxia Real Estate is developing well now, the fundraising amount of US$2 billion is a bit high.

But considering the big boss's vision in investment, he had no objection.

The reason why Xu Liang increased the amount of funds raised was not just a random shout.

When word spreads about the huge profits from oil speculation, more money will flow into Hanhua.

It is impossible for Kunpeng to swallow it all. A large part will flow into other funds under Hanhua. Real estate funds with lower risks and good returns will definitely be the choice of many institutions.

After Xuanwu is the White Tiger Fund.

The person in charge, Sun Zhenping, was the first investment manager to join Hanhua Xiangjiang Branch after its establishment.

He was also the first hedge fund manager to have discretionary investment authority.

White Tiger Fund has two sub-funds.

Fund No. 1 is Hanhua’s own fund, with 30 million Huaxia coins, investing in corporate bonds of Apple and Amazon.

Fund 2 raised US$300 million, mainly corporate bonds from Apple, Amazon, eBay, Yahoo, BlackBerry and other companies.

Fund No. 1 has now closed its position.

After investing in the past two years, I have earned 1.8 times the income.

Taotie Fund, Baize Fund and Jupiter No. 3 PE Fund, with an initial amount of US$30 million, basically come from the principal and profit of Baihu No. 1 Fund, and part of it is the investment profit of Guangming Glasses.

"At present, Fund No. 1 has restarted its fundraising and plans to raise US$500 million. The blockade period will be three years. Bonds will still be the main investment direction." Sun Zhenping said seriously.

Hearing this, Xu Liang nodded secretly.

Faced with the huge profits of Qinglong Fund, which has a market value of 30 billion U.S. dollars, and the huge fundraising of 2 billion U.S. dollars in the third phase of Xuanwu Fund, Sun Zhenping remains calm, and the steps from 300 million U.S. dollars to 500 million U.S. dollars are not big.

Slowly accumulate experience and gradually enlarge your capital, which is very stable.

So he didn't express any opinion.

Sun Zhenping did a great job.

After White Tiger comes Phoenix Fund.

There are currently two funds.

Fund No. 1 has US$300 million, which has basically been invested.

NBA Warriors, Nanfu Battery, Suguo Supermarket and Manchester United.

Fund 2 raised US$500 million and has now raised all of it.

The NBA Warriors have excellent results and are currently ranked second in the Western Conference, second only to the Lakers.

Nanfu Battery has seen steady growth.

Suguo Supermarket is developing rapidly.

Even Manchester United is a high-quality target.

Supported by such achievements, Phoenix 2 can fully raise funds before the end of the year.

"Phoenix No. 2 Fund is currently promoting the merger and acquisition of Jingkelong by Suguo Supermarket. The price has been negotiated at 470 million Chinese dollars. Suguo Supermarket will acquire Jingkelong's 19 hypermarkets and 179 convenience stores in the Beijing area. shop.

The turnover exceeded 12 billion Chinese dollars, surpassing China Resources and becoming the eighth-ranked retail group in China. "Liao Yan laughed.

Xu Liang knew that Jiang Xiaoyang had always planned to build Suguo Supermarket into a top retail group radiating across the country, and then promote it to go public to obtain greater benefits.

Although he is not optimistic about the future of offline retail, before the development of mobile payment, the future of offline retail is still bright.

"After acquiring Jingkelong, our next plan is to acquire Supermarket, completely surpassing Wumart, and become the number one retail group in Beijing."

Xu Liang nodded, "The plan is good. After the acquisition is successful, Suguo's integration of Jingkelong and Supermarket will take time. But the fund's money cannot be kept in the account for a long time, so I need more M\u0026A targets."

US$500 million is equivalent to 4.2 billion Chinese coins.

This is a huge sum of money.

"Currently we have inspected three companies, and the information is being compiled and will be submitted to you tomorrow." Liao Yan said.

Xu Liang became interested, "Which three companies?"

"The first is Tuopai Qujiu from Shehong, Sichuan Province. As one of the six golden flowers of Sichuan liquor, Tuopai owns two high-end liquors, Tuopai Qujiu and Shede Liquor. In 2002, it achieved a net revenue of 780 million Chinese yuan. and net profit of 20 million Huaxia coins, a decrease of 13.15% and 36.97% compared with the same period.

Therefore, the local government wants to reorganize and reform Tuopai Qujiu, and many companies have already expressed interest.

The second is the ‘Kong Family Group’ in Shandong Province. "

"Is it also liquor?" Xu Liang couldn't help but asked.

He is from Lu Province, and the advertising slogan of Kongfujia, "Kongfujia, makes people miss home" is already clear in my memory.

"Yes. Because of the tax reform, the liquor industry is undergoing shareholding reform in which the state will withdraw from the state and the private sector will advance. There are more opportunities."

Xu Liang understands that if the liquor industry is done well, it will indeed be quite profitable.

“Third is Asia Star Bus, which is currently the mainstream bus manufacturer in China. In 2002, it produced and sold more than 10,000 buses of various types, achieving sales revenue of 1.04 billion yuan and profits and taxes of more than 77 million yuan.

The company has now formed more than 20 series of "Yaxing" and "Yangzi" brands and more than 100 varieties of large, medium, light, high, medium and ordinary buses. Major economic indicators such as the production and sales of large and medium buses rank among At the forefront of the same industry nationwide.

Currently, the local government is preparing to reorganize the assets of Asia Star Bus, and we can acquire it. "

After hesitating for a moment, Liao Yan continued.

"Originally, our list also included Meiling Group, one of the four golden flowers in the domestic refrigerator industry, but Meiling involved too many interests in the local government and the relationship was complicated, so we eliminated it."

Xu Liang nodded.

Ever since he suffered a loss in the Jianlibao merger, Xu Liang had some concerns about companies with complex political and business relationships.

"Give me the information tomorrow."

"OK."

After the report, Liao Yan left.

After Phoenix Fund is Kunpeng.

Kunpeng's current main investment is 1.3 billion Chinese dollars, leveraging 13 billion U.S. dollars to go long Brent crude oil futures with ten times leverage.

The price at the time of investment was US$22.5 per barrel, but now it has risen to US$23.7 per barrel.

One barrel earned US$1.2. According to Kunpeng Fund’s current holdings, Kunpeng Fund has made a net profit of US$1.2 billion.

Not to mention Taotie and Bai Ze, they have just been established and are still in the stage of raising funds and looking for investment targets.

Taken together, after nearly three years of development, its own capital is US$215 million.

Among them, Taotie Fund, Baize Fund, Jupiter 3 PE Fund, and Mars 5 Fund each have US$30 million, totaling US$120 million.

Mars 2 Fund $50 million.

Mercury's three sub-funds each have US$10 million, totaling US$30 million.

Investing in Guangming Glasses made a profit of 240 million Chinese dollars.

According to the regulations at the beginning of the establishment of Hanhua Capital, if the price of the fund more than doubles within a year, in addition to the 2% management fee of the fund, half of the dividend will be paid.

That is, the gross profit of Hanhua Capital is 122.4 million Huaxia coins, which is approximately US$15 million.

In terms of fixed assets, Hanhua Capital’s new 80,000-square-meter headquarters office building in Beijing has been completed and is being renovated.

According to the current market value of this building, it is about US$150 million.

The three office spaces in Beijing, Silicon Valley and Greenwich, New York are worth US$52 million.

60% of the fixed assets with a total value of US$200 million are loans.

Summarizing this series, Hanhua Capital has total assets of US$435 million and net assets of US$295 million.

In terms of capital under management, the three Mercury funds total US$30 million.