My 1999

"I think everyone knows that the company's Kunpeng Fund made huge profits from the surge in international oil prices in March..."

"$8.9 billion!"

A voice suddenly sounded.

Xu Liang glanced at him with a smile. Except for a few, most of the people who joined Hanhua were young people in their twenties and seventies. They were extremely talented, enthusiastic and bold.

"That's right, US$8.9 billion. By the end of the year, the company can earn at least US$3 billion in returns. By then, all employees of Kunpeng Fund will receive generous bonuses."

As soon as Xu Liang finished speaking, everyone looked at the Kunpeng Fund employees with envy.

Xu Liang saw it and smiled: "It needs to be said that Kunpeng Fund is not the company's most profitable fund. The Qinglong No. 1 Fund will also expire at the end of this year.

Judging from the current situation, the company can obtain at least a return of more than 5 times. "

The envy of everyone soon became the employees of Qinglong No. 1 Fund.

"Thanks to the company's huge profits, funds such as Kunpeng 2 and Qinglong 3 have been relatively successful in raising funds. The company's capital under management will exceed US$40 billion and become the third largest private equity firm in the world after Blackstone and Carlyle Group. mechanism."

Wow….

Warm applause sounded again.

For them, Hanhua is a platform to enhance their own value.

The better Hanhua develops, the more senior their qualifications will be. Even if they leave in the future, they can find higher-paying jobs in other organizations.

"The company's development is about to reach a new level. I hope that everyone can work together to develop the company better and make Hanhua the world's number one private equity institution as soon as possible.

By then, you will be the most respected elite in the private equity field, and you will be the guests of dignitaries wherever you go. "

After a pause, Xu Liangliang felt a little emotional as he saw the increasingly fiery emotions in everyone's eyes.

Young people are easy to fool.

For the old fritters, such empty promises don't have much temptation at all.

It's polite of me to applaud you.

It’s no wonder that many company bosses like young people.

"Okay, that's all I have to say. The heads of each fund will stay, and everyone else can leave the meeting."

After everyone leaves.

Only Sun Zhenping, the head of White Tiger Fund and the president of Hong Kong headquarters, Liao Yan, head of Phoenix Fund, Guo Shaojie of Qinglong Fund and Qiu Heng of Kunpeng Fund are left here.

The latter three are also vice presidents of the Xiangjiang headquarters.

"Liao Yan, how is the fundraising for Phoenix No. 2 Fund going?"

“The US$2 billion in funds have been fully raised and are ready for investment at any time.”

Liao Yan said directly.

Xu Liang nodded, "Do you know Marvel?"

"You know? One of the largest comic companies in the United States, Hulk, Blade and Wolverine are all their copyrights."

"It's good to know. The next main task of Phoenix 2 Fund is to acquire Marvel."

After Liao Yan nodded, he hesitated slightly.

"Mr. Xu, since Suzaku Fund was separated from Phoenix and focused on the domestic market, it is no longer appropriate for Phoenix to stay in Xiangjiang. We are too far away from our investment targets. Just like the last acquisition of Manchester United, most of them were from London companies. help.

So I applied to move Phoenix Fund’s main office to New York.

This way we don’t have to fly across the Pacific, saving a lot of time and energy. "

Xu Liang thought for a while and nodded.

Indeed, after Phoenix Fund focuses on overseas, it is no longer appropriate to stay in Hong Kong.

"Then you guys move to New York."

"Thank you, Mr. Xu."

"You're welcome. I will agree to anything that is beneficial to the company."

Xu Liang turned his eyes.

"Shaojie, how close is the Qinglong No. 3 Fund to being fully raised?"

"The difference is about US$2.1 billion, but judging from the current growth rate, it will be fully raised by mid-June at best."

Guo Shaojie said.

He now manages one of the largest fund-of-funds funds of Hanhua Capital.

Qinglong 1, Qinglong 2 and the newly established Qinglong 3 have over US$22 billion in funds under management and over US$50 billion in assets under management.

Qinglong No. 1 and No. 2 had an astonishing rise; Qinglong No. 3 raised funds successfully. Although he was only responsible for management and not for specific investments, he felt deeply proud of it.

But while I am excited, I also feel a heavy responsibility.

After all, Qinglong’s funds are too huge.

When Qinglong 3 completes its investment, the asset value of the entire Qinglong Fund will exceed US$100 billion.

By then, he will be worried about the candidates for directors of dozens of large or even giant companies, as well as all aspects of information.

"What happened to the thing I asked you to investigate now?"

"It's already been investigated."

With that said, Guo Shaojie took a stack of documents from his briefcase and handed them to Xu Liang.

“Since Nantai Real Estate was listed in the United States in 1991, up to now, Huaxia Enterprises has 37 companies listed on the New York Stock Exchange and Nasdaq in the United States.

The company with the highest market value is PetroChina, with a current market value of US$15.4 billion. "

PetroChina is partially listed in the United States, and the market value of the New York Stock Exchange only represents a part of the real market value.

"Followed by Sinopec, China Southern Airlines and Chinalco, the total market value is about US$43.5 billion."

After a pause.

"Hong Kong red chips first appeared in 1997, represented by several companies such as Aerospace Technology, China Merchants Group, China Resources, Modu Industrial, and Capital Holdings.

For example, when Jingcheng Holdings subscribed, the subscription rate was as high as 1,200 times. 60 consortiums took shares and hundreds of billions of funds were frozen, setting a new record for the Hong Kong stock market at that time.

Currently, China Unicom has the highest market value among red chip stocks, with a market capitalization of HK$89.4 billion, followed by companies such as PetroChina and Sinopec. Currently, there are 137 red-chip companies in Hong Kong, with an overall market value of US$197.6 billion. "

Xu Liang put down the documents in his hand.

“Next, Qinglong No. 3 will mainly focus on listed companies in Mainland China, with priority given to companies with the prefix Guo, and holding more than 5% of the shares, but not too much.

Secondly, real estate companies, mainly domestic real estate companies, if not enough, invest in Xiangjiang Real Estate Company, holding about 5% of the shares.

Next, you can do whatever you want, mainly large companies, and you don’t need to hold too many shares. "

What follows is an era of great economic development in China and a booming real estate industry.

Although companies with national prefixes and real estate companies are not as good as Internet companies, they are also developing rapidly.

After writing down Xu Liang’s request.

"Mr. Xu, how many times the leverage should be used?"

"Twice the leverage for energy and real estate, and don't use it for the rest. We'll add leverage when the stock price rises."

Although the Federal Reserve has begun to raise interest rates, the federal funds rate is still very low, and the cost of increasing leverage is not high.

Although he can increase leverage, Xu Liang also understands that it will be difficult to obtain an average annual increase of double.

After all, Qinglong No. 1 and No. 2 have already taken up most of the companies he is optimistic about, and the rest are either not listed or have inappropriate opportunities.

But this is the norm.

After all, many private equity funds cannot guarantee a 10% annual increase.

After giving instructions to Guo Shaojie, Xu Liang looked at Qiu Heng sitting behind him.

"Qiu Heng, how much short of the US$15 billion raised by Kunpeng 2 is now?"

"Already collected."

"Oh? It's faster than I thought."

"You made too much money from this wave of oil speculation, and everyone envied you with red eyes. After knowing our fundraising amount of 15 billion US dollars, you were afraid that you would be left behind, so you quickly raised all the funds." Qiu Heng said.

"What's going on over there at Harvest Agriculture?"

“After I heard from Mr. Jiang that you did not hesitate to reward him, the salesmen in the Harvest Agriculture Marketing Department turned into birds and spent most of their time flying around the country.

The progress is also very gratifying. Currently, 23 million tons of soybean planting contracts have been signed. According to the current momentum. Before the end of the soybean planting season at the end of June, almost 35 to 40 million tons can be ordered. "

Xu Liang nodded, "How many international acquisitions are there now?"

"5.3 million tons have arrived at the port, and 12.9 million tons have been signed to purchase contracts. As for the specific amount that can be purchased, it is still unclear."

"What about futures?"

“$2 billion, 5x leverage, is being put on the market.”

Xu Liang nodded.

"Qinglong No. 1's money is mainly made from soybeans, don't involve anything else."

Qiu Heng nodded.

"Old Sun, what is the price of Brent crude oil now?"

"After the war in Afghanistan ended, oil prices have fallen from a high of US$38.5/barrel to the current US$31.2/barrel. It is not yet known whether they will fall further."

After Xu Liang nodded, "Qiu Heng, Kunpeng No. 2 Fund has 15 billion US dollars, investing in long futures in five categories: crude oil, iron ore, copper mine, gold, and silver.

The distribution ratio is 3:2:2:1.5:1.5.

All funds are invested sequentially within three months on average, with a leverage ratio of five times. "

Five times is a relatively conservative ratio, but Xu Liang has many opponents now, so he is willing to be more conservative. When the prices of these futures rise, it will not be too late to increase the leverage.

Moreover, he has set his investment goals on five mainstream futures, which is also an insurance policy.

There is no force in the world that can bring down the prices of all five futures.

Neither can the old American government.

After discussing the future development of each fund, Xu Liang had a dinner with the company employees.

The day passed like this.

The next day, Xu Liang received the visiting Li Zhaoji at home.

"Fourth uncle, why are you here?"

"You, Xu Sheng, are busy with your work and can't easily make an appointment. I have no choice but to come to see you in person." Li Zhaoji said with a smile.

"You have disgraced me. After having meetings with people from the company these past two days, I was preparing to go see you, but I didn't expect you to come on your own initiative. ... Please come in quickly."

Welcoming Li Zhaoji to the reception room on the fifth floor of No. 33 Barker Road.

After the two parties sat down, Lu Hui served tea.

Li Zhaoji waved his hand, and Li Jiacheng, who came with him, put the gift box in front of Xu Liang and opened it.

Xu Liang took a look.

It is a picture frame the size of A4 paper. In the picture frame is a small oil painting, and the content is a picture of eight horses.

Seeing the confusion in Xu Liang's eyes, Li Zhaoji smiled and said: "There is a saying: Swords are given to martyrs, and pink powder is given to beauties. This oil painting of Xu Beihong's "Eight Horses" was collected by me in the early years. I give it to you today. I hope you can learn from it. Mr. Beihong's talent has improved in painting.

By the way, this small-sized "Eight Horses" is just a print. The real original is still in the car. I'll have someone deliver it to me later. "