My 1999

In addition to offices, there are also their study rooms, bedrooms, dining rooms, exercise areas and more.

However, Xu Liang occupies more, reaching 900 square meters, and Jiang Xiaoyang's is slightly smaller, at 700 square meters.

"Okay, the design is perfect."

Xu Liang looked at Jiang Xiaoyang's office.

"I usually stay here when I work late and can't make it home." Jiang Xiaoyang said.

Xu Liang nodded.

The security of Hanhua Center is very tight, with fifty security guards who have retired from the special forces living here. Therefore, he is not worried about Jiang Xiaoyang's safety.

"But there's no need for you to leave such a big office area for me. I won't be there most of the time. It's such a waste."

"This is not a matter of waste or waste, but a matter of your status as CEO. If your office space is not as good as mine, it will cause unnecessary suspicion. And we are not short of these several hundred square meters of office space."

Seeing Jiang Xiaoyang's serious look, Xu Liang smiled and hugged her slender waist.

The index finger of his left hand gently scraped her beautiful nose.

"Little fool, what's mine is yours, isn't what's yours mine? Why should we tell them apart?"

Jiang Xiaoyang shook his head as waves of warmth surged in his heart.

"We cannot leave a bad impression on outsiders, as this is not conducive to the stability of the company."

Xu Liang smiled and said, "Since you have decided, then so be it. As you said, the company now has enough office space of several hundred square meters."

After Jiang Xiaoyang nodded, "There is also a helicopter landing pad on the roof. Do you want to see it?"

"Forget it. There are no helicopters now."

"We can order one if you want. It won't cost much anyway."

Xu Liang thought for a while and shook his head.

"Private aviation is not that open in China right now, so I'd better keep a low profile."

He can be as high-profile as he wants abroad, since not many people know him anyway.

But it's different in China. This is the foundation of his career, so he naturally has to keep a low profile.

"Your Boeing BBJ business jet is about to be delivered. There are no more than thirty top-notch luxury goods in the world, and you still want to keep a low profile?"

Xu Liang laughed, "I just bought a bigger toy."

Rolling his eyes at him, Jiang Xiaoyang opened the safe in his office, took out a thick stack of documents and placed them in front of Xu Liang.

"This is Hanhua's interim report. Take a look."

Xu Liang took it and turned it over quickly.

"Yes, we have raised several times more funds than originally expected."

“The ultra-high profits of Qinglong and Kunpeng funds have attracted more and more institutions and individuals, making Hanhua’s funds visible to more and more people.

Naturally, it attracted a lot of capital.

Moreover, Baihu Fund, Zhuque Fund, etc. have performed well, and are even the best among similar funds. Many institutions have chosen to invest some money.

In order not to miss potential stocks, some institutions even invested in all our funds. "

While talking, Jiang Xiaoyang brought a cup of tea and placed it in front of him.

“Which company is so wealthy that it actually invests in everything?”

Xu Liang said curiously.

He only focuses on investing and has rarely had anything to do with fundraising.

"Li Bancheng from Xiangjiang, Microsoft, and the UAE Sovereign Fund. To be precise, it's the Abu Dhabi Investment Authority under the UAE Sovereign Fund."

Xu Liang understood.

Success is no accident.

Both Li Bancheng and Microsoft's Gates lack courage.

"I didn't expect that we would be interested in the oil industry in the Middle East." Xu Liang said with a smile.

“In fact, there are many Middle Eastern sovereign funds investing in Hanhua, but the highest one is from the United Arab Emirates. In the past six months, it invested US$2.8 billion in 17 of our external fundraising sub-funds.

It also surpassed Li Bancheng and Gates. "

Xu Liang nodded. He was no stranger to the UAE sovereign fund.

Before his rebirth, the UAE's sovereign wealth fund reached US$1.3 trillion, ranking second in the world. The total assets of its four major sovereign wealth funds accounted for 16% of the global sovereign wealth fund's size (US$8.14 trillion).

When it comes to sovereign funds, we must mention the story of "guano".

In 1956, someone discovered that the British Gilbert Islands produced a special kind of guano, which was rich in phosphates and had a wide range of horticultural uses. Therefore, it was exported to developed countries in Western Europe in large quantities. The United Kingdom decided to tax this kind of guano and use it as local food. construction.

Later, the island became independent from the United Kingdom and became the sovereign country of Kiribati. However, due to the deterioration of the ecological environment, the guano gradually disappeared. The entire country had no other resources to consume, and it became one of the least developed regions in the world.

The taxes previously collected were used for investment and have become an important source of public funds across the country.

This special tax later had a name: the Kiribati Revenue Equalization Reserve Fund—one of the world’s earliest sovereign wealth funds.

Resource depletion is a nightmare for all resource-based countries.

The guano industry in Kiribati is just an extreme situation, but it is a wake-up call for all countries that rely on natural resources: without resources, what will the country rely on to survive?

Investment or sovereign funds have become the optimal solution.

The actions of the UAE people perfectly illustrate what it means to be prepared for danger in times of peace.

Five years after the founding of the country, when other Middle Eastern countries were still immersed in the luxury of enjoying the massive wealth brought by oil, they established the first sovereign fund.

Abu Dhabi Investment Authority.

It has long been the most mysterious sovereign fund in people's mouths.

After its establishment in 1976, for more than thirty years, no one outside knew how big the Abu Dhabi Investment Authority was.

It was not until 2010 that, under the pressure of international public opinion, the Abu Dhabi Investment Authority published its annual report and past investment history for the first time.

During these mysterious thirty years, the investment style of the Abu Dhabi Investment Authority can be summarized in four words: seeking progress while maintaining stability.

At the beginning, it only made conventional investments: stocks, bonds, and real estate. Its investment style was conservative and it did not pursue high yields.

Ten years after its establishment, the Abu Dhabi Investment Authority began to get involved in commodity trading, trying to use commodity fluctuations in the international market to offset the losses caused by oil price fluctuations in the UAE.

At the same time, it saw more and more idle capital in the UAE and began to form a team to conduct private equity investments.

After entering the 21st century, the Abu Dhabi Investment Authority also began to pay attention to emerging markets and infrastructure construction, and the scale of investment became larger and larger.

Starting from the most basic and expanding step by step, never letting go of any investable product on the market, this is the secret to the growth of the Abu Dhabi Investment Authority.

Today, the Abu Dhabi Investment Authority has assets of US$649.2 billion, with a 30-year average return rate of 6%-9%, ranking fourth among global sovereign wealth funds (single entity).

It is different from the Abu Dhabi Investment Authority’s style of being large, comprehensive and pursuing stability.

The investment of Mubadala Investment Company, established in 2002, is more like the UAE's attempt to use the power of capital to strengthen its presence in the technology industry, so its efforts are particularly rapid.

From 2009 to 2012, it spent billions of dollars to acquire GlobalFoundries from AMD, becoming the world's third largest chip foundry after Samsung and TSMC.

Actively invest in life science company Envision, communication software Telegram, and Indian communication company Jio Platforms, which are hot projects in the investment market.

Pursuing long-term returns and keeping up with the forefront of technology are the investment philosophy of Mubadala Investment Company.

Mubadala has an asset size of US$243 billion. Although it is not as large as the Abu Dhabi Investment Authority, it has greatly expanded the investment scope of the UAE.

The two major funds, one positive and the other strange, ensure the rapid growth of the UAE sovereign funds.

It should also be emphasized that the Emirates Investment Authority, the Dubai Investment Company and the Ras Al Khaimah Investment Authority, which are under the UAE sovereign fund, have not yet been established.

"By the way, Mohamed ** Abidal, the head of the Abu Dhabi Investment Authority, gave you a Monet oil painting and two Arabian horses, and invited you to visit Dubai.

I have hung the oil painting in your office. The Arabian horses are temporarily raised at a horse farm in Daxing. You can go and play with them when you have time. "Jiang Xiaoyang said.

After Xu Liang nodded, "The wealthy people are rich, and this move is a gift of millions of dollars."

"They make more money from you."

"Having said that, what we are doing is borrowing money to make money. If we don't let others make money, why should they help us? However, since the UAE has entered the market, can we sign an oil contract with them? Future contract?”

A forward contract is a contract in which both parties agree to buy or sell a certain amount of a certain financial asset at a certain price at a certain time in the future.

for example.

Xu Liang and Emirates Oil Company agreed to purchase 10 million tons of oil at a price of US$50/barrel one year later. This is a forward contract.

In the middle, Xu Liang only needs to pay a small deposit to lock in 10 million tons of oil.

The advantage of a forward contract is that it facilitates oil exporting organizations and enables stable production, without affecting their own profits because the oil price is too high or too low.

This contract will also allow petroleum refining companies to obtain stable-priced oil without increasing their own costs due to rising oil prices.

Everyone wants stability.

But if it is a financial company, this is a very risky thing.

If the oil price is higher than the agreed price after the contract expires, that's it.

If it's lower, you'll definitely have to lose money.

Like oil futures, this is also a game of oil prices, but it just takes a little longer to unveil the bet.

"I think you should take care of the soybeans first, and be careful not to bite off more than you can chew." Jiang Xiaoyang reminded.

Xu Liang nodded.

Hanhua's expansion is already rapid, and it really shouldn't be greedy for more.

"How much soybean stock do we have now?"

"45.19 million tons."

Xu Liang frowned slightly, "The increase is getting slower and slower."

"There are not many soybeans left on the market unless we raise prices."

"What's our current purchase price?"

"It's about 2,500 yuan per ton."

Xu Liang thought for a while and then shook his head.

"Don't raise prices for the time being, and stop acquisitions from now on."

"Are you afraid of alerting the enemy?"

"Soybeans in North America began to mature in September, and it's already July and a half now. Next is the time for the four major grain merchants to intensively investigate and plan. Let's temporarily stop everything and wait for them to take action." Xu Liang nodded and said.

Jiang Xiaoyang nodded.

"By the way, except for us, what is the current international soybean purchase price?"

"8.07 US dollars/bushel, approximately 2,430 yuan/ton." Jiang Xiaoyang said.

Domestic and foreign weights and measures are different, and bushels are basically used as the unit of measurement.

1 metric ton of soybeans = 36.9 bushels.

"It's increased a lot."

"Since we are buying in large quantities, prices will naturally rise." Jiang Xiaoyang said.