Reborn as a tycoon in Hong Kong
Chapter 189 Proposal to establish a fund
Through today's party, Lin Baicheng got to know many important figures in Hong Kong's political circles. There are those in charge of customs, there are those in charge of real estate construction and development, there are those in charge of import and export trade, there are police departments in charge of security and so on.
Most of the departments are related to Hutchison Whampoa's main business. The company has frequent interactions with these departments, and the senior management of both parties often interact with each other. Therefore, there are secret exchanges of interests. This is not about Hutchison Whampoa sending money to these political figures, but using other methods to covertly give them some benefits as compensation, and they will take care of Hutchison Whampoa when needed.
This is not only the case with Hutchison Whampoa, but also with other companies such as Jardine Matheson and Wheelock, where we all have interests.
This celebration party was mainly about communication. Hutchison Whampoa's management was responsible for entertaining guests of different statuses according to their different positions. Lin Baicheng personally entertained some of the guests with the highest status.
Everyone chatted.
Someone suddenly said: "Lin Sheng, your investment ability is so great, have you ever thought about setting up a fund to raise funds from outside and help others manage their funds?"
Lin Baicheng looked over and saw a deputy director of the customs. He smiled and said: "I haven't thought about this, mainly because I think it's too troublesome. The funds raised are less, and I can't make much money myself. And if I want to raise more funds, I have to spend energy lobbying. If I have that time, I might as well run my own business.”
This is not the Internet era of the 21st century. After establishing a fund, you can raise funds externally through Alipay and other channels. If you are famous, you can quickly raise a lot of funds. Not to mention the trouble of raising funds in this era, the important thing is that it can't raise much, and it can't allow Lin Baicheng to make more money through this, so what else does he spend his time on.
"If you, Lin Sheng, set up a fund, I dare not tell you how much. We, the customs, can still afford to give you a few million Hong Kong dollars to manage, Lin Sheng."
The deputy director of the customs said that this was a test, mainly because Lin Baicheng made nearly 100% profit in less than half a year using Hutchison Whampoa's capital investment, which is really enviable.
People like them have a lot of money, but they don't know how to invest. They usually either keep it in the bank or at home, or choose to buy stocks of a company with relatively stable performance. The profits they can make every year are limited. For example, if you buy stocks, you may lose money after one year.
"If you, Lin Sheng, set up a fund, I would like to hand over part of the money to you, Lin Sheng, to take care of it."
Huo Yaohua also said out loud that although he is a senior executive at Standard Chartered, his annual extra income is very small, so of course he wants his assets to continue to grow. He also makes investments, but they are stable investments and the annual profits are not much.
"Lin Sheng, you can really try."
Bao Yugang nodded and said that what he said had nothing to do with his assets, but simply to remind Lin Baicheng. He will only contribute a small amount of money at most, and even if this part of the money earns several times, it will not have much impact on his assets.
However, once Lin Baicheng established a fund and brought high profits to the fund's funds, even if those high-level politicians who invested money would not fully support Lin Baicheng, they would definitely be biased towards Lin Baicheng. After all, Lin Baicheng made money for them, and they If you don’t favor Lin Baicheng, who will you favor?
Immediately afterwards, several more people echoed.
"Since everyone says so, I'll go back and think about it."
After hearing many people say this, Lin Baicheng felt that he needed to carefully consider the feasibility of the fund and whether the benefits of establishing the fund would outweigh the trouble.
After the celebration party, Lin Baicheng asked Cheng Yufeng to take his car and he took Cheng Yufeng back.
While the car was driving on the road, Lin Baicheng told someone about the proposal to establish a fund and asked Cheng Yufeng what he thought.
"Mr. Lin, there are pros and cons to establishing a fund."
After Cheng Yufeng thought for a while, he said: "If after establishing the fund, you can bring high profit returns to the fund's funds every year, then your reputation in investment will not only be greater, but also those who invest Funds, especially people from relevant political circles, will be a boost to Mr. Lin and the companies under your name, making your development smoother."
"However, once you are unable to bring high profit returns to the fund, or even cause the fund's funds to suffer losses, causing those who invested money to lose money, then even if they will not retaliate against Mr. Lin, don't even think about their retaliation against you, Mr. Lin. If you have a good face, it will be more difficult for you and the companies under your name to deal with them in the future."
"In that case, it is necessary to establish this fund."
Lin Baicheng nodded thoughtfully. How much money he could make through this fund was secondary. By allowing the fund to make a lot of money, it can make Lin Baicheng more famous, and at the same time make the political friends who invest more support him and his company, which is equivalent to increasing his network in disguise, and there are many benefits.
Of course, if the fund loses money, the disadvantages are not small. But I dare not say anything else. After one year, Lin Baicheng can guarantee that the fund will definitely be profitable. It is just a matter of making more or less, so he does not need to worry about this aspect.
"Yufeng, you and Anyuan go and find out what are the conditions for establishing a fund, what are the restrictions on raising funds, what are the restrictions on the use of funds, and other things. Anyway, ask me clearly, and then ask me report."
"Okay Mr. Lin, I will give you an answer in the next two days."
Cheng Yufeng responded, this is not a difficult task, as long as you find the right person, you can find out clearly.
Nodding, Lin Baicheng said: "There is one more thing, that is, you contact a headhunting company and find me a secretary. It is best that this secretary can accompany me abroad at any time. If this is not possible, I will temporarily find a secretary who only works in Xiangjiang. OK."
If you have a secretary by your side, small things like contacting others can be left to the secretary, and you don't have to look for Cheng Yufeng at every turn.
"Don't worry, Mr. Lin. It shouldn't be difficult to find a secretary who is willing to go abroad at any time."
Cheng Yufeng responded, and then asked: "Mr. Lin, do you have any requirements for this secretary?"
"Look for a woman. She should be more attentive. She might help me deal with some life matters. She should be strict with her words. She doesn't have to be pretty, but she must not be too ugly. She doesn't have to have too high academic qualifications, as long as she's not too bad. But you have to speak English.”
The secretary Lin Baicheng was looking for was more of a life secretary. He didn't need a professional administrative secretary yet.
Cheng Yufeng wrote down the requirements put forward by Lin Baicheng one by one. These are the screening conditions, and he will make the requirements more stringent. Otherwise, if Mr. Lin is not satisfied in the end, it will mean that his ability is no longer good.
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