My Age of Investment

  Chapter 886 Escort

  After attending the CIC's preparatory meeting, Xia Jingxing asked Vision Capital to submit an external fund manager application material to CIC, and then ignored the matter.

  For several days, no news came.

   Just when Xia Jingxing had no hope, he suddenly received a call from Secretary Lou Wei, and the representative of the other party invited him to visit the China Investment Group as a guest.

   Then, Xia Jingxing came to the new Poly Building at No. 1 Chaoyangmen North Street.

  The administrative ranks of CIC are set to be very high. It is the only three high-ranking state-owned enterprises that rank alongside China Railway and CITIC. However, there are only dozens of employees working in the building.

Xia Jingxing was not surprised at all. Even if the preparations for the company are completed, the number of employees will be at most three to five hundred people, because in large financial institutions, it is normal to manage three to five billion US dollars per capita on a per capita basis. NS.

  Led by Secretary Lou Wei, Xia Jingxing walked into Lou Wei’s office. The interior layout was relatively simple. Only the red flags on the desk and behind the desk remind visitors that this office is not simple.

   "Mr. Xia, you are here, please sit down!" Lou Wei was immersed in writing some materials, he saw Xia Jingxing coming, and immediately got up to greet him.

   "Leader, you are polite!"

  Xia Jingxing made a few polite sentences, and then sat down on the sofa in the office under Lou Wei's greeting.

  Next, Secretary Lou Wei brought two cups of tea, put them on the coffee table, and left the room, gently closing the door.

  Xia Jingxing didn't bother to care whether Lou Wei was a first-class or second-class member. He picked up the tea on the table and drank it, and then praised: "Good tea!"

  Lou Wei chuckles, can it be good tea? He took his special tea every year to entertain.

   But considering the importance of the things to be discussed next, he doesn't feel sorry for his tea.

   "President Xia, I invite you to come over today. Actually, I still want to have a deep chat with you about external fund managers."

  Xia Jingxing put down the tea cup and put on an expression of listening carefully.

  Lou Wei smiled, “We read the materials submitted by Envision Capital. It looks like you have several funds under your umbrella. The U.S. hedge fund has the best performance?”

  Xia Jingxing replied: "The U.S. financial industry should be more developed and there are more financial tools that can be used."

  "Your first fund, the one called Lixia No. 1, has already begun liquidation. The return rate of 50 times in three years is really amazing! Can I ask, how is this done?"

  Xia Jingxing had to give a detailed introduction, and humbly pushed the reason for the high rate of return to the small size of the fund.

  He estimated that Lou Wei might have seen this beautiful transcript, so he invited him to the company as a guest.

  This is not his boasting. Lixia Fund has already established itself as a legendary fund, and its reputation has gradually spread in the United States. Many affluent groups or institutions want to board the wealth clipper of Envision Capital.

  After listening to Xia Jingxing’s introduction, Lou Wei smiled and exclaimed: “It’s amazing! Europeans and Americans always prejudice that we Chinese can't do well in finance, and Envision Capital is a good name for the Chinese.”

  Xia Jingxing smiled on her face, but she was thinking fast in her heart. The other party should be a hedge fund that wants to invest in Vision Capital. Do you want to accept it?

  The reason why he contacted CIC was actually to raise and set up real estate funds and private equity funds, and use state money to earn the dividends of this era. It is better than entering Pan and Li Zhiliu's pockets.

  If he did not help Xu Tingyin at that time, it is estimated that Hermes will eventually go to accompany the Hong Kong real estate tycoon who is in the big D club. Hengtai got the funds needed for development in this way, but he fattened a bunch of vampires who had forgotten their ancestors.

   "President Xia, I found an interesting phenomenon. Why do you name your fund after the twenty-four solar terms?"

Xia Jingxing replied: "Twenty-four solar terms belong to the original Chinese culture, and they also have the meaning of cycles, so they are used, and they also have the meaning of spreading Chinese culture. Foreign financial media sometimes introduce readers to each solar term. Meaning."

   "Haha, that's it! No matter where the Chinese go, they can't forget their roots! In my opinion, this patriotic sentiment is vividly reflected in Mr. Xia.

At the cabinet meeting, President Wen specifically explained that in the process of construction and operation of China Investment, we must rely on Chinese-funded financial institutions operating abroad. He also specifically named Envision Capital. He instructed China Investment to cooperate more with you. And learn from you. "

  Xia Jingxing's expression was serious. Is this an alarm? He hurriedly expressed his attitude: "Leader, I dare not be a leader, but if the superior has any instructions, please do not hesitate to give instructions."

Lou Wei smiled and waved his hand, "Mr. Xia, you don't need to be so restrained. Now there are only two of us in the room. We are just like two friends or two business partners chatting. You can speak freely and don't stick to the form. .

  There were too many people on that day, and many things didn’t actually have time to talk to you. "

  Xia Jingxing nodded and said yes, without saying much.

"CIC has formulated its business scope from the moment it was planned to be established." Lou Wei looked at Xia Jingxing, then broke his fingers and introduced: "Domestic foreign currency bonds and other foreign currency financial products investment; overseas bonds, stocks, funds , Derivative financial instruments and other financial product investment; domestic and overseas equity investment; foreign entrusted investment; entrusted financial institutions to carry out loans; entrusted management of foreign exchange assets; initiate the establishment of equity investment funds and fund management companies, etc.

  You should have heard it too, most of the asset allocation must be in foreign currencies, which is related to foreign exchange reserves, so I won’t go into details here.

Of course, domestic equity investment will not be ignored, but this one will not be the focus. The domestic venture capital market scales several billion US dollars a year. The pool is too small, and our 200 billion US dollars will be too much to spend. . "

  Xia Jingxing nodded, “I know that CIC spends one percent or even a few percent of the assets it manages every year, which is actually enough for domestic equity investment.”

  Lou Wei smiled, "Yes, I came to you today, but I actually want to talk to you about two things.

  In the first case, CIC intends to invest US$2 billion to become the LP of Vision Capital's US hedge fund. "

  Xia Jingxing smiled, and as expected, he took a fancy to the rate of return of Envision Capital's American hedge fund.

  Referring to CIC’s US$200 billion asset management scale, the investment of US$2 billion is not too much, but not too little. After all, it is the first cooperation between the two parties, and there is still a lack of trust.

   "The second case, CIC intends to invest US$2 billion in domestic equity investment to purchase 20% of Ari's equity held by Envision Capital."

  Xia Jingxing was stunned, why did he suddenly want to invest in Ari?

  Lou Wei smiled and said: “Of course, the second thing, we will not reluctantly, the price can also be negotiated again, and will respect all your choices of Mr. Xia.

  The main reason is that when we searched the domestic Internet and technology industries, we found that a raccoon is still more in line with our investment standards.

  For domestic equity investment, we still attach great importance to it. Now Ari is in a controlling position with foreign capital. Yahoo and Softbank, including Vision Capital, also have a foreign component. After CIC enters, domestic capital can occupy a controlling position. "

  Xia Jingxing’s face remained as usual and said: “Ari has some trouble. Of the 23% of Ari’s equity held by Vision Capital, as many as 20% of the equity is put into an S fund. This fund has some foreign investors.

  At present, this S fund has just been raised, and it is now exiting, which is not justified.

  However, with the other 3% equity, I can sell it to CIC! "

  Xia Jingxing saw Lou Wei look contemplative, and added: “Or, in this way, CIC subscribes for a part of the S fund shares. In addition to Ari’s 20% stake in the portfolio, it also includes 20% stakes in Facebook, YouTube, and Hainei.com.”

   Hearing this, Lou Wei hurriedly asked: "This will not make you embarrassed, will it?"

  Xia Jingxing shook his head, “How come, sovereign wealth funds are only making normal financial investments, and it’s enough to comply with relevant laws.”

  Seeing that Lou Wei is still thinking, Xia Jingxing is also thinking in his heart. If his expectations are not bad, CIC will invest in Morgan Stanley, which is equivalent to an indirect investment in Facebook.

Now he has pulled CIC into the S fund, which is equivalent to an indirect investment in Facebook, with less sensitivity, and at the same time, he can pull in national power to protect his own assets, and Hainei.com has CIC, an indirect investor, in China. Development can be considered as someone above.

  (End of this chapter)