My 1999

After sending Sha Zhigang away, Xu Liang called Liu Zhiping from Jupiter 2 Fund over.

"Mr. Xu."

Wearing black-rimmed glasses, a crisp shirt and trousers, Liu Zhiping exudes the temperament of a financial elite.

"Lao Liu is here, come and sit down."

He waved to Liu Zhiping enthusiastically and waited for him to sit down.

"The Jupiter 2 Fund is doing well."

"Thanks to your guidance, Mengniu, Supor, Gree, Anta and Hua Xia Bank are all very good companies. After more than a year of investment, their market values ​​have nearly doubled on average."

Xu Liang waved his hand, "Don't be polite to me, it's your own ability to invest in these companies."

There was a pause.

“You want to raise a new fund?”

"yes."

“The US$170 million share of Jupiter 2 Fund has been fully invested at the beginning of the year, and all post-investment services have been streamlined.

The three-year lockdown does not end until the end of next year.

During this year and a half, the company's employees cannot be idle. "

Although most of Hanhua Capital's funds have a two-year lockout period, it is not absolute.

Similar to the Jupiter Fund, it lasts three years.

And as it becomes easier for Hanhua Capital to raise funds, the lockdown period will also be extended.

From two years to three years.

This is also a kind of screening that will screen out many customers with poor risk tolerance.

Looking at Liu Zhiping with fiery eyes, Xu Liang couldn't help but smile.

He could see that Liu Zhiping couldn't sit still.

But it's not surprising.

Looking at Brother Fund, taking advantage of the profits of Qinglong Fund and Kunpeng Fund, new funds frequently raise billions of dollars.

It would be strange not to be moved.

You must know that the performance of the fund is closely related to the salary and bonus of the fund manager.

The more money he has, the more projects he invests in, and the better his performance, the higher the returns he gets.

An investment of US$100 million, even if doubled, would only amount to US$200 million.

According to Hanhua's regulations, the fund team can receive 20% of the fund's income as a bonus, and the fund leader can receive a 10% share.

Hanhua can get 20% of the pre-tax return of 100 million, which is 20 million US dollars. 20% of the 20 million belongs to the fund team.

After the tax deduction is over, the fund manager can receive a bonus of US$600,000.

If this number becomes 5 billion US dollars, if it is added up to three years, the return will be doubled.

Then Liu Zhiping's income can be increased fifty times, which is 30 million US dollars.

If the fund's return rate can double every year, then Hanhua can get 50% of the entire investment return.

US$100 million triples, and 50% of US$300 million belongs to Hanhua, which is US$150 million.

20% of the US$150 million belongs to the fund team, which is US$30 million.

As the head of the fund, you can get half of it, which is $15 million.

Of course, this is pre-tax earnings.

After tax is deducted, more than eight million US dollars will be left.

If it were increased fifty times, it would be more than $400 million.

This is why Wall Street's top investors receive hundreds of millions of dollars in dividends every year.

Of course, it would be extremely difficult to achieve a dividend of over 100 million.

Not many people can achieve it in a year.

But $30 million is also a lot of money.

"How much money do you plan to raise?" Xu Liang asked.

"$1 billion."

Xu Liang nodded secretly. Although Liu Zhiping was ambitious, he was still calm.

If he said to raise US$3 to 4 billion, Xu Liang would definitely refuse.

Now the team of Jupiter 2 Fund has no way to manage so many funds, and it is difficult to find so many targets. Nowadays, China's internal annual revenue exceeds 100 million, which is considered a large enterprise.

Apart from state-owned enterprises, there are only a few private enterprises that can exceed one billion.

Financing for state-owned enterprises is not simply about having money.

Therefore, US$1 billion is a more reasonable number.

"What about the investment target? Have you considered it?"

"Currently, Bank of China and China Construction Bank are undergoing joint-stock restructuring and preparing to go public. I want to take part in it," Liu Zhiping said directly.

There was a hint of thought in Xu Liang's eyes.

He knew about the fact that the state selected Bank of China and China Construction Bank to carry out joint-stock reform pilot projects this year when he was abroad.

According to the original history.

A year later, Bank of America and Temasek spent US$2.5 billion and US$1.466 billion respectively to purchase 9% and 5.1% of the shares of CCB, priced at approximately HK$0.94 per share.

The issue price was HK$2.35, and the highest market price was HK$5.35. The two companies made a net profit of more than HK$130 billion.

The Royal Bank of Scotland, Singapore's Temasek Holdings, UBS Group and the Asian Development Bank invested a total of US$5.175 billion (about 40.3 billion Chinese dollars) in Bank of China, with a purchase price of 1.22 yuan.

After listing, based on the intraday price of 6.26 yuan on May 10, 2007, the market value reached a maximum of 282.2 billion yuan. The four companies made a net profit of 241.9 billion yuan in Huaxia currency, an investment income of 6.6 times in less than a year.

Although Xu Liang did not remember too detailed data, he also knew that the benefits of listing state-owned financial companies were extremely high.

But it’s also difficult to get involved.

If you are not a financial giant with a profound background, it is simply impossible.

"Are you sure?" Xu Liang asked.

"If it were before, I wouldn't be sure. But now Hanhua is the world's top private equity institution, with more than 50 billion US dollars of funds under management, which is extraordinary.

In addition, although most of the capital we manage comes from overseas, there is also a lot domestically, and we have expanded a lot of relationships.

The combination of the two is very promising. "

There is one more thing Liu Zhiping didn't mention, and that is Jiang Xiaoyang's background.

There is no need for the Jiang family to do anything, as long as they let the other party know, most of the obstacles can be reduced.

But it was hard for him to say it directly when he was obviously taking advantage of the situation.

But he also believed that the big boss must be fully aware of this kind of thing.

“Which of the two banks do you want?”

"We have to talk about it in detail before we know." Liu Zhiping said.

Xu Liang thought for a moment and then said: "Bank of China and China Construction Bank have market values ​​of tens of billions of dollars. Isn't US$1 billion a bit too small to obtain enough shares?"

"It's a little less. However, the financing and listing of the four major banks involves too many things, and it will be difficult to get a result in a short while. Therefore, this billion US dollars is not our main investment in the four major banks."

Xu Liang understood.

The Jupiter 2 Fund will expire in the middle of next year and will be re-raised.

The fund must raise at least US$2 billion, or even US$3 billion.

By then it will be enough to invest in the four major banks.

"Is there anything else besides the bank?"

"There is also the energy industry. You said that with the development of the national economy, energy consumption will increase greatly. PetroChina, Sinopec, Shanxi Coal, and Shaanxi Coal are all good investment targets."

When Xu Liang mentioned PetroChina, he thought of Lao Ba.

In April 2003, after years of decline, the Hong Kong Hang Seng Index fell back to the level of ten years ago, reaching a low of 8,409 points.

At this time, Warren Buffett used Berkshire to quietly buy H shares of PetroChina, investing a total of US$488 million and buying 2.34 billion shares. The average purchase price per share was about HK$1.6, accounting for the company's total With 1.3% of the shares, it became the third largest shareholder of PetroChina.

Five years later, from July to October 2007, Buffett sold all PetroChina shares at an average selling price of HK$13.5 per share, and the total market value of the sales was approximately US$4 billion.

The pre-tax investment income is approximately US$3.55 billion, the total investment rate of return excluding dividends is 7.3 times, and the average annual compound investment rate of return is approximately 52.6%.

In addition, during these five years, Berkshire received a total of approximately US$240 million in after-tax dividends.

"The market value of PetroChina and Sinopec is too high. The coal giants are relatively low and have little competitive pressure. The excess funds should be mainly used in coal."

In the first decade of the 21st century, coal bosses were the most prestigious group in the rich circle, generating countless topics of conversation after dinner.

Behind the fame of coal bosses is the reality that China's coal industry has exploded and prices have skyrocketed.

Therefore, if you invest in coal, you will definitely make a lot of money.

Moreover, Qinlong Fund No. 3 has invested all US$20 billion in Chinese overseas listed companies, with PetroChina and Sinopec being the largest investors.

He does not want his two funds to collide and push up the stock price in vain.

"I understand, Mr. Xu. I will immediately instruct my staff to collect information on the coal industry after I return."

Xu Liang smiled and nodded.

"Work hard, I'm waiting for the fund to expire and give you a red envelope."

Thinking of the rich harvest that was about to come, Liu Zhiping's eyes became expectant.

After Liu Zhiping, Xu Liang went to find the heads of several other funds. After chatting one by one, it was noon.

I walked around the company in the afternoon, and after inviting all the senior executives to dinner in the evening, I didn't come back the next day.

He owns more than one company, Hanhua Capital.

——

"Mr. Xu, safety helmet."

Looking at the red helmet handed over by Lu Xiaoying, Xu Liang inexplicably remembered a scene in his mind.

"Hat it on, put it on."

Then a big slap.

Subconsciously touching the back of his head, Xu Liang shook his head.

“It will take about ten years to make Douyin.”

Too far away.

Put on your safety helmet and walk into the construction site.

Looking up, there are continuous buildings.

A huge tower crane lifts cement mortar and various building materials into the sky. Workers wearing various safety helmets and vests walked in and out of various buildings like worker ants.

The dull sound of steel clashing, the fierce sound of electric welding, and the sound of motor turning came from far away.

The busy scene really made Xu Liang feel the power of industry.

Although it is not yet completed, the building surrounded by green curtains has begun to take shape.

The Hongmeng spacecraft headquarters covers an area of ​​450 acres and has a construction area of ​​300,000 square meters.

The development area is 550 acres, with the main body including a shopping mall and pedestrian street of 250,000 square meters, two 5A and 3A-level hotels of 150,000 square meters, nine office buildings of 720,000 square meters, and the "Taihua City" with a total construction area of ​​1.12 million square meters.

The ‘Fuhua Jinfeng Apartment’ has a development area of ​​204 acres and a total construction area of ​​244,500 square meters.

This is only the first phase of the entire Hongmeng Project.

Of course, it is also the largest phase of development.

Looking at the tall figure standing with bare hands in front of him, Xie Wen behind him couldn't help but sigh.

We hadn’t seen each other for nearly a year, and when we met again, the people we were once familiar with suddenly seemed like strangers.

Especially the majesty that exudes from the bones in every move and every move has doubled.