My 1999

The five Mars funds total US$300 million.

The Gold Star Fund has a total of US$60 million.

The three Jupiter funds total US$410 million.

The four Saturn funds total US$75 million.

Comet Fund totals $60 million.

The two Qinglong funds total US$4.5 billion.

The White Tiger Fund totals US$300 million.

The two Phoenix funds total US$800 million.

The two Xuanwu funds total US$1.5 billion.

Kunpeng Fund totals US$2.8 billion.

Baize and Taotie Fund each have US$30 million.

All taken together, the total amounts to $10.895 billion.

This is the result of three years of hard work by Xu Liang and Jiang Xiaoyang as of the end of 2002.

The meeting lasted until evening, and today's meeting was considered over.

However, Xu Liang will have to communicate with the heads of each fund in more detail next, so this London meeting cannot be over yet.

In the evening, after having an in-depth communication with Jiang Xiaoyang on the bed, the two of them leaned on the bedside to talk after taking a shower.

"Someone suggested to me that I hope to set up an investment fund focusing on cellared liquor. What do you think?" Jiang Xiaoyang said.

"Is there such a fund in China?"

“Not yet, but there are red wine investment funds internationally.”

"Liquor investment is too niche, and the market size is not large. It can be done, but only in a small way." Xu Liangdao.

"You agreed?"

"I disagree. Hanhua already has a lot of areas to work in, so there is no need to distract his energy anymore." Xu Liang shook his head.

At the beginning, Hanhua was just for fun, so following Jiang Xiaoyang's interest, he got involved in art, jewelry and precious metal investments.

If it were now, he would cut them all off.

Only the venture capital and hedge fund businesses remain.

"I think I can give it a try. Even if cellar liquor and fine wine fall, they can retain most of their value, and the risk is relatively low.

Moreover, as the domestic economy develops and the number of wealthy people increases, the demand for top-notch cellar liquor and fine wine will definitely increase, thus promoting price increases.

And aren’t you optimistic about the liquor industry because of this?

Finally, funds with alcoholic beverages can also enrich Hanhua's fund series and give customers more investment options. "Jiang Xiaoyang said.

Xu Liang looked at her and said, "Why didn't I notice before that you are still so ambitious?"

"I was stimulated by you bastard."

Jiang Xiaoyang pinched Xu Liang's chest angrily.

Having said that, she was more stimulated by the rapid development of Jianlibao.

She had seen PricewaterhouseCoopers' evaluation of Jianlibao. The total valuation of nearly 40 billion Huaxia coins really shocked her.

Although the valuation of Hanhua Capital is not bad, Xu Liang deserves most of the credit.

Without the ultra-high rise of Qinglong Fund, which he was personally responsible for, Hanhua would not be where it is now.

This also prompted her to want to prove herself even more.

"Are you really going to twist it?" Xu Liang rubbed his chest and grinned.

"It's easy to pinch you."

He glanced sideways at the man in front of him and said coldly: "I'm really unlucky. My looks, knowledge, abilities, and family background are among the best among women. I had so many choices to choose from, but why did I fall in love with you, a playboy?" "

Xu Liang smiled and hugged the woman in his arms tightly.

"Doesn't this just prove that I am very charming? Do you have good taste?"

"Okay? I think I'm blind."

Xu Liang quickly changed the topic.

"If you want to make red wine, just make it. But for white wine, the main ones are Moutai Wuliangye aged wine, and forget about the rest. For red wine, mainly Bordeaux first-class and second-class wineries.

No matter when, the top wine will never worry about the market. "

After hearing what he was talking about, Jiang Xiaoyang also changed his attention.

"I plan to invest 100 million Huaxia coins to test the waters first, and then raise funds from outside after achieving actual results."

"Is there still so much money in the company's account?"

"The two-year lockout period of the Mars 1 Fund is coming soon. When the new fund is successfully raised, the investment targets of the old fund will be bought and settled. The company is expected to receive about 300 million Huaxia coins," Jiang Xiaoyang said.

Investments in Mars 1 were basically completed in 2000.

Although except for Bright Glasses, Dr. Teeth, My Lai Medical Cosmetology Group, and Aste Medical Cosmetology Hospital are not listed on the market.

But after two years of development, both revenue and net profit have doubled several times.

The value is naturally far higher than before.

"So, this year is really a good harvest year." Xu Liang said.

Jiang Xiaoyang nodded.

Qinglong No. 1 fund expires at the end of this year.

With the current rise of Qinglong Fund, Hanhua's income will exceed US$5 billion. If the 2003 rally is still good, it will be even higher.

There are also Mars 3 Fund, Mars 4 Fund, Saturn Fund, Comet 1 Fund, Xuanwu 1 Fund, etc.

Although the revenue of these funds is not as good as Qinglong, it has increased several times.

Once settled, the gains are huge.

However, in addition to these obvious things, Xu Liang is even more looking forward to the Kunpeng Fund.

"By the way, how is the backdoor listing of Fuhua Apartment going?" Xu Liang said.

"It's settled."

"Pure shell?"

Jiang Xiaoyang shook his head, "It's too hard to find a clean shell, and you're in a hurry, so I plan to buy a local listed real estate company in Xiangjiang.

When the time comes, the assets of Fuhua Apartment will be put into it. "

"Which company do you like?"

"New Century Real Estate, the boss is Lin Jianming, a Hong Kong native. In the 1990s, he aimed at the opportunities of the real estate liberalization in the mainland and focused on the mainland market.

New Century Real Estate does not have much capital, so he mainly develops projects in partnership with others.

Things went well at first and the company grew rapidly.

At its peak, the annual profit exceeded HK$1.2 billion.

Unfortunately, the Asian financial crisis hit him. The partnership's capital chain was broken and the project was unfinished, which also trapped him. By the way, he also has a share in the unfinished Zhongcheng Plaza you bought in Yangcheng. "

Xu Liang smiled and said: "So it seems to be a bit of a fate for us."

"It's also a bad fate!"

The pun made Xu Liang wisely shut up.

"Although New Century Real Estate has survived the Asian financial crisis, it is only barely operating. It currently has 13 projects, with total assets of 1.5 billion Chinese dollars and liabilities of 1.15 billion Chinese dollars.

I promise to spend 600 million Chinese dollars to acquire the entire New Century Real Estate and assume all debts.

The contract has been initialed. As long as you sign and agree, the contract will be officially signed. "Jiang Xiaoyang said.

"When the information was handed over, I signed the contract immediately after reading it. However, New Century Real Estate's original projects have different operating directions from Xuanwu Fund. If it can be fully acquired, all the rights and interests of the partnership project will be acquired. If not, it will be sold. Drop it." Xu Liang said.

Jiang Xiaoyang nodded, "Who are you going to put in charge of the real estate company?"

"You are responsible for selecting people, I have no objection."

"I thought you would let Sha Zhigang take responsibility."

Xu Liang shook his head, "Lao Sha is also responsible for the operation of the entire Xuanwu Fund and is not suitable for managing New Century Real Estate."

"You have put Fuhua Apartment into New Century Real Estate. How many assets do Xuanwu Real Estate Investment Fund have left?" Jiang Xiaoyang said.

Xu Liang had a look of thought on his face.

"Xiaoyang, I plan to make a change and leave the Fuhua Apartment project in Xuanwu Investment Fund and invest residential real estate in New Century Real Estate."

Jiang Xiaoyang looked at him, "Why did you change it?"

"Fuhua Apartments are mainly self-owned properties and mainly rented out. They are currently in the construction stage, and it will take more than a year to achieve positive revenue.

For listed companies, no revenue for more than a year will make the stock price look ugly, which will affect our interests.

In contrast, residential real estate can be sold off-plan and can be sold to the outside world in just three months. The books look better and can also stimulate the stock price. "Xu Liang said.

When investing in the stock market, the vast majority of retail investors don't care at all about how much your real estate has appreciated. They only look at data such as net revenue, net profit, and net earnings per share.

Only institutional shareholders and a few large investors will truly study the fundamentals of a company and its future development prospects.

For a company with zero net revenue, it is difficult for the stock price to reflect its true value.

Lao Ba made his fortune from the beginning by picking up these businesses.

Later, he called his investment method "value investing".

"Since you have decided so, I respect your opinion." Jiang Xiaoyang continued, "There is one more thing I want to discuss with you."

"you say?"

“In order to make investments more professional, I plan to split the Phoenix Fund into two parts, domestic and foreign.

The domestic part is named Zhuque Fund, while abroad it is still named after Phoenix.

This also prevents the person in charge of a fund from traveling around the country and abroad, which wastes time and affects efficiency. "

Xu Liang thought about it and nodded. This division is indeed much clearer.

"I agree with your opinion. Phoenix Fund No. 2 was renamed Zhuque Fund. Nanfu Battery and Suguo Supermarket of Fund No. 1 were transferred to Zhuque Fund, and Zhuque Fund returned the corresponding cash."

Jiang Xiaoyang nodded and said, "I think so too."

"Haha, this is called heroes seeing the same thing."

She rolled her eyes at him and said, "Virtue."

There was a pause.

"I heard from my aunt that you are not planning to go back to China to celebrate the New Year this year?"

"Well... I have invested billions of dollars in Kunpeng Fund. I won't worry if you don't keep an eye on me." Xu Liang said.

"When are you going to see it? Three months, half a year? You can't keep watching, right?"

"Of course not. I still want to spend more time with you." He smiled and rubbed the snow on the beauty's chest, and said quickly before she rolled her eyes, "I have a feeling that I should Something is about to change.”

"Premonition?"

Jiang Xiaoyang said in surprise.

To her, who has a master's degree in financial engineering, premonitions and intuitions sound a little unreliable no matter how you listen to them.

"Haha, your husband and I have been investing for so many years. Detailed information is only one aspect, and more depends on feeling. This is talent."

Looking at his vow, although Jiang Xiaoyang didn't quite believe it.

But in the face of the ironclad facts of the past, she couldn't help but not believe it.

"Okay, as long as you know what's going on."