My 1999

"Can I buy you something to drink?" Xu Xin said with a smile.

"A glass of lemonade."

Wait for the waiter to bring the water.

"Sister Xu, how have you been during the past six months of rest?"

After leaving Hanhua and founding Capital Today, Xu Xin did not start working immediately, but took a vacation for himself first.

"It was okay at the beginning, but later on, I became uncomfortable with being too leisurely."

"Haha, all strong women are like this."

"Isn't that true of you?"

"Of course I'm not. Now I put life first and making money second."

After Xu Liang finished speaking with a smile, the topic changed.

"Sister Xu, how have you considered what I told you last time?"

Xu Xin suppressed his smile.

Just last month, she received an email from Xu Liang.

The other party wants to cooperate with Capital Today.

Today's Capital has established a "hedge fund" department in Xiangjiang, but this department, from personnel to funds, is all controlled by Xu Liang's Hongyan.

In other words, today's capital does not need to worry about anything else except for its name.

But if Xu Liang makes money through Capital Today, Capital Today can get a 5% return.

"I can cooperate with Hongyan, but I have three requirements."

Xu Liang made a continue gesture.

“First, I want to supervise the finances and ensure that our interests are not lost.

Second, sign a supplemental agreement.

All losses caused by your investment have nothing to do with Capital Today, and we do not bear joint and several liability.

Third, 5% revenue sharing is too little. I hope it can be mentioned as 10%. "

“The first and second are no problem. The third is absolutely impossible.

Sister Xu, I am not taken advantage of.

You also know the revenue level of Hanhua's hedge fund department. Today's capital wants to take 10% of the profits without paying anything. There is no such good thing in the world.

And 5% is already a discount I'm giving you because of our past cooperation.

If I switch to other funds, I would give them 2% at most. "

"Xu Liang, today's capital can own 30% of Hanhua's shares."

"Sister Xu, you also said that Hanhua's shares are only 30%, not 51%."

After saying this, Xu Liang picked up the lemonade next to him and drank it by himself.

Seeing his lack of appetite, Xu Xin sighed inwardly.

With Hanhua's investment ability in hedge funds, if the news is exposed, there will be a lot of investment companies around the world that choose to cooperate with him.

Let alone 5%, even 1%, there are countless institutions chasing it.

After all, this is a business without capital.

But the benefits are so exciting, who doesn’t want more?

It's a pity that she can't exchange more cards.

Take a slight breath.

"Xu Liang, can capital invest with you today?"

"I'm sorry. To ensure safety, we cannot allow any outsiders to join us."

Xu Xin was not surprised by this result.

After testing it again and seeing that Xu Liang still wouldn't let go, he decisively agreed.

Both parties signed a contract and signed a confidentiality agreement.

After having lunch together, Xu Liangcai said goodbye and left.

Sitting in the car, looking at the agreement in my hand, I felt relieved.

"Done one."

After several successful investments, Hanhua and Hongyan have become famous in the global capital community, but they have also become the focus of others' attention. If you want to make some investments, it is almost difficult to hide it from others.

Although shell companies can hide part of it.

However, the shell company lacked business support and could not withstand investigation.

That’s why he wanted to cooperate with Capital Today and let it become his white glove.

Of course, Capital Today is not the only one.

He'll also have more white gloves on hand.

However, specific choices must be carefully considered.

Back home.

After playing around with the two little guys for a while, Qiao Yuhui also got off work.

Behind her was a beautiful woman wearing a dark blue skirt, a white floral short-sleeved shirt, and a short ponytail.

"get off work?"

Xu Liang asked.

After nodding towards him, Qiao Yu would turn her head.

"Let me introduce to you, this is my new assistant Zhang Junning. ...Junning, this is my husband."

"Hello, Mr. Xu, I am Zhang Junning."

"Hello." After a brief look, Xu Liang turned his head and said, "You guys are busy first. I'm going to get toys for Xiao Jinzi and Xiao Yu'er."

"Um."

After Xu Liangyuan left, Zhang Junning breathed a sigh of relief.

"Are you nervous?"

Qiao Yuhui asked with a smile.

"A little."

"Haha, he is not a tiger, there is no need to be afraid."

After Zhang Junning nodded, he admired: "Mr. Xu's aura is so strong, he deserves to be the richest man in the world."

"That's because you don't know him well. After getting along with him for a long time, you will know that he is a very easy to get along with."

"Um."

"Come with me."

He took her into the study.

After arranging the work, Zhang Junning left.

night.

After an in-depth exchange of information, Xu Liang took a shower and lay on the bed with Qiao Yuhui in his arms.

After resting for a while, the latter regained his energy and said.

"when are we leaving?"

"In a week."

"Where to go?"

"The United States. Some things over there have been delayed for a long time. By the way, the reconstruction is sky-high, so you should pay more attention."

"Um."

Qiao Yuhui nodded and changed the subject.

"What do you think of Jun Ning?"

"Your new assistant?"

"Yes. She graduated from the master's class of the Law Group of the Institute of Industrial Economics of Central University in 1982. She is just 22 years old this year. She originally wanted to be an actress, but I hired her here with a high salary."

"Is her ability worthy of a high salary?"

"Although her ability is good, it is not as good as those graduates from the world's top universities. But if you add in the figure and beautiful face, she is not said to be one in a million, but at least she is a high-quality talent."

Xu Liang heard something in her words.

He decisively did not answer the question.

Qiao Yuhui raised her head and glanced at her.

"I heard from Xiaoyang that she found a maid named Fan Xiaopang, and this Zhang Junning was also the maid I found for myself.

We will serve you together then. "

Xu Liang's big hands slowly caressed her smooth jade back and landed on her plump buttocks.

"Have you and Xiaoyang discussed it?"

"Since I found out that you are a playboy, most of the conflicts between us have been reduced.

After all, no one can occupy your heart.

In this case, why should we treat each other as enemies? "

"It's rare for you to think so openly."

After his scumbag nature was exposed, Xu Liang didn't bother to pretend anymore.

Regardless of whether it is him, Jiang Xiaoyang, or Qiao Yuhui, when they have children, their feelings have given way to interests.

In the face of tens of billions of dollars of wealth, love is nothing.

"Weren't you forced to do so?"

Qiao Yuhui pinched Xu Liang's leg hard.

"Hey, you're so hands-on."

"Anyway, it doesn't matter if you have rough skin and thick flesh..."

——

No. 33 Barker Road, Hongyan Fund Headquarters.

Xu Liang is sitting on the chair in the middle. On his left is Xia Changsheng, COO of Red Rock Fund, and on his right is Qiu Heng, head of Hanhua Pacific Fund.

Sitting under Xia Changsheng was a middle-aged man in his forties wearing a crisp suit and black-rimmed eyes.

His name is Zheng Yunfei, director of the consulting department of Hongyan Fund.

After graduating with a bachelor's degree in mathematics from the University of Hong Kong and a double doctorate in financial engineering and mathematics from Princeton University, he entered Wall Street and served as the chief financial analyst of Morgan Stanley Research Institute. Later, he returned to the University of Hong Kong as the dean of the School of Business Administration and a full professor in finance.

One of the world's top financial industry figures.

He is familiar with the financial policies of various countries.

Hongyan spent a lot of money and energy to invite the other party over.

Putting down the information in his hand, Xu Liang breathed a sigh of relief.

"So, the U.S. subprime mortgage market has completely developed?"

Zheng Yunfei said: “At present, the entire scale of mortgage stimulus loans in the United States has reached 512 billion US dollars, of which more than 400 billion US dollars has entered mortgage bonds (ABS).

In 2000, there were only $130 billion in subprime mortgages and $55 billion in mortgage bonds.

It has quadrupled in four years, and the rate is getting faster and faster. According to the size of the US market, it will definitely exceed 600 billion US dollars next year, and it will only be higher in the future. "

Qiu Hengdao: "I have a question. Judging from the data, the scale of floating-rate loans among all subprime mortgages in the United States has exceeded 50%.

That is to say, half of the people who take out loans to buy houses are people who cannot afford to buy a house in the first place.

Now that this part has been developed, it also means that U.S. subprime mortgages are approaching their peak.

No greater growth is possible.

So is $600 billion the peak? "

Zheng Yunfei knew that Qiu Heng was just a simple manager, and he only knew about finance.

He explained.

"Mr. Qiu doesn't understand how subprime mortgages work.

From the perspective of ordinary people, the basic logic of the lending market is: don’t lend money to those who can’t afford to exchange it for money.

In the beginning, the financial industry also followed this iron law.

But with financial innovation.

This iron law has been bypassed.

Banks and Home Finance Corporations, which originate loans, make loans, package them into bonds, and sell them to the fixed-rate bond arms of large Wall Street investment banks, which then package the loans into bonds and sell them to investors.

In this process, the loans issued by the bank were quickly recovered, and some handling fees were also earned, making huge profits.

Risky assets that originally remained on the balance sheet were now moved off the balance sheet in the form of subordinated bonds, bypassing strict supervision.

Therefore, in the bank's own view, they are doing a good business with huge profits and no risk.

In order for this business to continue.

They will constantly look for target customers.

After low-income people who cannot afford housing are developed, they will look for homeless beggars.

There are no more beggars.

They will persuade these homeowners to buy a second home, a third home, or even more.

Although they also know that this game is dangerous.

But even successful people have a 'lucky mentality'.

No one thinks that they will be the unluckiest, so they can continue the game with peace of mind.

Now, U.S. banks are still encouraging low-income people to get loans, and have not yet turned their customer base to beggars, let alone three, four, or five mortgages. Therefore, the U.S. subprime mortgage market still has a lot of room for development.

A conservative estimate is that it can grow to at least 800 billion, or even 1 trillion. "