My 1999

According to the previous regulations of the United States, he had to pay at least a short-term capital gains tax of close to 40%.

But thanks to George W. Bush, he lowered the taxes paid by capitalists after he came to power.

Bush came to power with tax cuts. From 2001 to 2003, he introduced tax cuts one after another. The total tax cuts reached US$1.35 trillion, which was one of the largest tax cuts in American history.

The maximum short-term capital gains tax rate has also been reduced to 35%.

Xu Liang earns too much and must pay taxes at the maximum amount.

However, Hongyan Fund is an overseas capital, and China has signed bilateral tax cooperation with the United States, so it can get certain exemptions.

So, combine these factors.

Japan Yahoo's US$4.4 billion will be left with US$3.57 billion after deducting various taxes and fees.

From the soybean harvest, after deducting various taxes and fees, there is still US$5.46 billion left.

In 2003, Red Rock Fund received a total of US$25.714 billion in after-tax income.

The largest income in 2004 is currently only the second-stage soybeans.

48 billion Chinese coins, approximately US$5.8 billion.

As of now, Hongyan has received a total net income of US$33.941 billion.

Expenditure.

In 2002, it acquired 14.9% of Apple, 15.2% of Amazon, 16.7% of Standard Chartered Bank, 17.5% of NetEase, 18.3% of Sohu, 51% of Penguin, 42.3% of Alibaba, 14.7% of Moutai, and 11.3% of Wuliangye.

Penguin and Alibaba still have 10% and 7.69% of their equity respectively in Hanhua.

The purpose is to enhance Hanhua’s influence in the venture capital industry in the future.

Although there are many companies investing in them, the ones that really spend money are Apple, Amazon and Standard Chartered.

Other Chinese companies combined did not spend US$100 million.

However, although Apple and Amazon were affected by the Nasdaq crisis at the time, their stock prices suffered heavy losses.

But the value of this part of the equity is still US$2.8 billion.

Plus $1.336 billion in Standard Chartered equity.

This part of the assets was worth US$4.236 billion in 2002.

However, thanks to the Federal Reserve's massive liberalization at that time, loan interest rates were extremely low.

In addition to domestic assets, foreign companies such as Apple, Amazon, and Standard Chartered have tripled their leverage, with actual expenditures of US$1.38 billion.

Taihua Real Estate acquired 19 pieces of land, with a construction area of ​​4.47 million square meters, an average unit price of 2,860 yuan/square meter, and a land acquisition cost of 12.78 billion Chinese dollars.

2003: Increased its holdings of Standard Chartered shares to 36.7%. Because it made so much money, it did not use leverage and consumed US$1.8 billion in cash.

Taihua Real Estate has 34 projects (more because of Delong's help), with a construction area of ​​8.47 million square meters and an average unit price of 3,014 yuan/square meter.

The reason why the unit price has not increased much compared to 2002 is that the land acquired in 2002 was mainly core land parcels in first-tier cities, and the land transfer price was relatively high.

By 2003, Taihua's land acquisition scope had expanded to all second-tier cities.

There must be a lot of difference in land transfer prices between Beijing and Quancheng.

Taken together, the price has been brought down.

The total land transfer fee is 25.53 billion Chinese yuan.

In 2004, thanks to the Hynix project and the previous negotiations, 14 more plots of land have been acquired.

Because most of them are in second-tier cities, and even a few third-tier cities with good economies.

The land acquisition price is not high, the transfer price is 2,150 yuan/square meter.

Paid 7.525 billion Huaxia yuan for land acquisition.

For three consecutive years, Taihua Real Estate has paid a total of 45.835 billion Chinese dollars for land acquisition, which is approximately equivalent to US$5.549 billion.

As for the subsequent construction, it can be solved with loans, so Xu Liang does not need to worry.

The next larger expenditure is harvest agriculture.

1.41 billion Chinese dollars in cash, plus 6.765 billion Chinese dollars in debt, integrating the domestic oil extraction capacity of 11.29 million tons.

In addition to these relatively large expenditures, there are also Xu Liang's expenditures for acquiring Sanwei Mining and Jiahua Entertainment from Delong Group, purchasing Boeing business jets, and more than a dozen real estate expenditures, plus salary expenditures from Hongyan Fund, etc.

All put together, it cost him less than $600 million.

Finally, there are some shares acquired, such as 4.9% of Bandai and 55% of Master Kong. The two major shares cost him nearly 1.5 billion US dollars.

After deducting all expenses, Xu Liang's remaining working capital is US$24.742 billion, which is pure cash flow.

In addition, Hynix’s acquisition cost nothing because it owns 6% of the equity and theoretically has to bear US$1.236 billion in debt.

But these debts belong to Hynix. Unless Hynix fails due to poor management, Hongyan will not be held responsible.

Calculate it comprehensively.

Hongyan Fund has total assets of approximately US$55 billion, including approximately US$16 billion in equity assets, approximately US$15 billion in fixed assets, and US$24.742 billion in liquidity.

Total liabilities are approximately US$10.15 billion.

There are five wholly-owned subsidiaries under its name.

Jiulongyu Tourism Company, Taihua Real Estate Group, Sanwei Mining Company, Hengyuan Trust and Harvest Agriculture.

The largest investor is Taihua Real Estate Group, with an investment of US$5.6 billion, liabilities of US$6 billion, and total assets of about US$14 billion.

Harvest Agriculture is far behind, with total assets of about US$1 billion.

Sanwei Mining ranks third. After Xu Liang’s investment, he introduced a lot of equipment and fertilizer production lines, but only has assets of US$400 million.

Jiulongyu is the least.

This company was established by Xu Liang to develop tourism resources in his hometown Qingzhou.

The first phase investment is 50 million to develop Jiulongyu Resort.

The second phase investment is 300 million to develop the ‘Song City’ which was originally not going to appear ten years later, as well as the famous Prince Heng’s Mansion in Qingzhou’s history. The first Prince Heng was Zhu Youyi, the son of Ming Xianzong.

In 1499, King Heng Zhu Youyi took control of Qingzhou Prefecture, carried out large-scale construction projects, and built the glorious Prince Heng's Mansion in Qingzhou Prefecture.

This Prince Heng's palace is very similar to the imperial palace in the capital in terms of architectural style, interior decoration, and staffing, except that it is smaller in scale and has fewer personnel.

The royal palace has institutions such as the Chief History Department and the Inquisition Office, equipped with officials of all sizes, as well as various personnel such as companions, professors, maids, and internal supervisors. It is like a country within a country.

After Zhu Youyi's death, he was given the posthumous title of Prince Gong. His eldest son, Zhu Houxu, was granted the title of Prince Heng and became the second generation Prince Heng.

After Zhu Houxu, Zhu Zaigui, Zhu Zaifeng, Zhu Yiwo and Zhu Chang lived in this palace.

In the fifth year of Chongzhen in the Ming Dynasty, Zhu Chang's third son, Zhu Youyi, succeeded King Heng.

At this time, the Ming Dynasty was already in a precarious state.

Twelve years after Zhu Youyi attacked King Heng, the Manchu Qing Dynasty entered the pass, passed down the twelfth generation, passed through sixteen emperors, and the 276-year-old Ming Dynasty was replaced by the Manchu Qing Dynasty.

After the Qing soldiers captured Qingzhou City, the last Heng King Zhu Youdi chose to flee. Knowing that he had nowhere to hide, he surrendered to the Qing Dynasty soon after.

In May of the third year of Shunzhi, he was executed by the Qing court.

The magnificent palace, once modeled after the imperial palace in the capital, was burned to the ground.

After four hundred years of vicissitudes of life, except for a few stone archways, stone lions, and the remnants of the East Garden of the palace that was renamed "Ouyuan", Prince Heng's Mansion has completely become history.

But that's okay.

Xu Liang is still very enthusiastic about building his hometown.

Direct investment in reconstruction.

The specific architectural plan of Prince Heng's Mansion has long been lost in the long history.

But it doesn’t matter. Prince Heng’s Mansion itself is a smaller version of the Forbidden City, so just copy the homework.

…

There is a saying: If you have food in your hands, don't panic in your heart.

With a huge capital of US$24.8 billion, Xu Liang is confident to cope with any risks.

"However, it's not good to keep this money in the bank. It's better to make money by making money." Xu Liang said.

But how to invest requires careful consideration.

Of course, China is definitely the focus.

After looking at the time, Xu Liang closed the computer and sat in front of the easel again.

Negotiations for Hongmeng Animation's acquisition of Shanghai Meiying are close to reaching an agreement, and it is impossible for him to leave this company with the richest animation talents in the country idle.

After some consideration, he was ready to come up with the plan for "Kung Fu Panda".

This animation based on Chinese content is a perfect fit for Hongmeng Animation.

Moreover, he has watched all four cartoons. Although he has forgotten the details, he remembers the main plot very clearly.

Once you have the image and main line, you can leave the other details to the professional screenwriters and animation designers of Shangmei Film.

In addition, he is an art student, so he can easily draw several animated characters.

Once the protagonist is finalized, the style of the animation is also decided.

The most important thing is that cartoons are not restricted by race and culture like adult films. They perfectly suit the vast majority of audiences.

Therefore, it can be distributed worldwide.

Coupled with the rich film and television peripheral income from animated feature films.

A successful animated film can generate billions of dollars in revenue.

And even after ten years, you can still make money through copyright.

In this regard, adult movies are far inferior.

This is one of the main reasons why Disney is catching up from behind among the seven major Hollywood companies.

Front and side, Po, Master Raccoon, Taro, Master Oogway, Fierce Tiger, etc.

Xu Liang was very fast and finished twenty-five paintings in one day.

——

In a heavily guarded club on the Upper East Side of New York.

Gorgeous crystal chandeliers illuminated the room, which was approximately fifty square meters.

There are not many furnishings around. Apart from a few oil paintings hanging on the walls and a huge map of the world, there are only four sofas in the center of the room and a low table in the middle.

"This is the end?"

Suresh Mike shouted.

The fat on his body also trembled a few times, looking a little funny.

However, in the American business world, no one dares to look down upon this bastard who is rough on the outside but showy on the inside, nicknamed "Black Pidge", and controls the company "Cargill".

"What else? Continue to maintain high prices and let international hot money withdraw? Or do you think the remaining oil companies in China will give up the more favorable conditions for harvest agriculture and choose us to purchase soybeans?"

John Bell, who had blond hair and a strong build, said coldly.

If Suresh is a black pig, then John Bell, who runs Bunge and is of German descent, is a mighty lion.

In the American business world, he has always been known for his tough personality.

"I can guarantee that Xu Liang will not have much soybean stock in hand. As long as we persist for another month, no, half a month, he will exhaust his soybean reserves." Suresh said.

"Suresh, we don't have a month left."

Nashat Kuny is tall and thin, wearing gold glasses, and has a French elegance in his temperament.

Louis Dreyfus, one of the four major grain merchants, gave him the confidence to express his elegance.