My 1999

The remaining US$120 million, triple leveraged, was fully invested in Yahoo! Japan, holding 5.7% of the equity.

As a shareholder of Yahoo Japan, Xu Liang knows very well how good the prospects of Yahoo Japan are.

And now eBay in Japan is still entangled with Yahoo Japan, but the defeat is obvious, as long as eBay withdraws from Japan.

Yahoo Japan's stock price will definitely skyrocket.

"Qinglong No. 2 Fund has raised so much money?" Xu Liang asked in surprise.

Qinglong No. 2 Fund started raising funds in mid-March, and it has only been two months since it was completed, but it has already raised US$1.1 billion on its account.

Faster than expected.

At this rate, the fundraising amount of US$2 billion will soon be met.

"The main reason is that we are proud of the excellent performance of our Qinglong No. 1 Fund." Guo Shaojie said with a smile.

All investments made by Qinglong No. 1 Fund are triple leveraged.

As for loan interest rates, due to the continuous decline of the Federal Reserve's funds rate, commercial loan interest rates have basically dropped to around 4%, and can be even lower if sufficient collateral is provided.

Therefore, international banks are jealous of Mainland China's financial market.

For commercial loans in the Mainland, the interest rates are basically above 8 points.

Thanks to Jiang Xiaoyang's relationship and the provision of collateral, the interest rate of Hanhua Xuanwu Fund can reach 7 points.

It’s a pity that there are domestic exchange controls.

Foreign investors can only drool with envy.

Under three times the leverage, the investment portfolio of Qinglong No. 1 Fund rose by 20%. After multiplying by 3, their actual floating profit could reach 60%, and their net income could reach about 45%.

As of now, the investment portfolio of Qinglong No. 1 Fund has risen by 15%, with an actual floating profit of 45% and a net income of about 23%.

There are few companies in the world that can match this kind of performance.

It is precisely based on this performance that after the news of the financing of Qinglong No. 2 Fund spread, a large number of applicants gathered, and a huge amount of US$1.1 billion was raised in just two months.

However, this time there are only four target companies of Qinglong No. 2 Fund.

Toshiba, TSMC, Samsung Electronics and ASML.

This time, except for Toshiba, which used triple leverage, he did not use leverage on the other three companies.

The reason is also very simple.

The next five years will be the era of MP3 and MP4. Regardless of MP3 or MP4, there is a key component - flash memory chip.

Toshiba is the dominant player in flash memory chips.

It is foreseeable that with the rapid growth of the flash memory market, Toshiba's stock price will also rise rapidly.

So he wants to increase leverage.

But TSMC, Samsung Electronics and ASML are different.

Xu Liang knew they would rise, but he didn't know how much they would rise.

If the annual increase is no more than the loan interest, or just more than the debt interest, then its profit margin is very small.

In this case, it is better to just do value investing.

With Toshiba's income, even if the income of Qinglong No. 2 Fund is not as good as that of Qinglong No. 1, it will not be too ugly.

After investing heavily, Qinglong No. 2 Fund’s stake in Toshiba has exceeded 6% and is still growing.

After reading all the information, Xu Liang put it aside.

"It's done well. After the US$2 billion is raised, we will invest it as soon as possible."

"yes."

After letting Guo Shaojie leave, Xu Liang pinched his eyebrows with his fingers to relieve his physical fatigue.

Compared with the smooth financing of Qinglong Fund.

The financing of Xuanwu Fund and Phoenix Fund is much slower.

The former invested in unfinished buildings and is still in the investment stage and has not yet seen a return.

If it weren't for the brand name of Hanhua Capital, and real estate is a relatively stable industry, I'm afraid there wouldn't even be investors.

In comparison, Phoenix Fund is slightly stronger than Xuanwu.

After all, the market position of Nanfu Battery is there. Although it has not seen much profit for the time being, as long as you do some research, you will know that this is a good project.

Then there is the Warriors, which has invested heavily.

In the 2001~2002 season, they were last in the Western Conference and it was in the sports industry. People couldn't help but doubt Hanhua's operational capabilities.

Therefore, both funds are in need, and they are all supported by the Hanhua brand.

After walking around Han Wah, Xu Liang returned to No. 33 Baijia Road.

Jingle Bell…….

The phone rang.

Picked it up, looked at it, and pressed the answer button.

Rick Gordon's excited voice came over.

"Boss, the lottery is over and we got the No. 1 pick."

Xu Liang couldn't help but tremble in his heart.

Although an agreement has been reached with Stern long ago, as long as things are not implemented for a day, there is a possibility of accidents.

Now that the dust has finally settled, he is relieved.

"Well done. Now we can start negotiations with the Magic City Eastern Team and the Basketball Association."

"Boss. Do we have to use the No. 1 pick to select Yao? I admit that he is an excellent player, but this is the No. 1 pick..."

Xu Liang interrupted him with a stern tone.

"Rick, I don't care how much help Yao Ming can bring to the Warriors' competition. What I want is the Chinese market and what I want is to make money. Do you understand?

So with the damn No. 1 pick, he must be selected, and he must be given the Warriors' main center position. If anyone dares to set up obstacles, let him go. "

The determined attitude and cold tone made Rick Gordon feel nervous. This was the first time he encountered such an attitude from the big boss, and he said quickly.

"Okay, boss. Your will will be carried out throughout the Warriors."

"As long as you understand. Is this year's draft list out?"

"Fax me a copy."

"OK."

Not long after, Xu Liang got the 2002 NBA draft list.

Rick Gordon did a good job. In addition to the list, he also included the playing characteristics of each player, as well as draft analysis from sports media including ESPN.

Xu Liang took a look and saw that he was familiar with a lot.

Mike Dunleavy, Drew Gooden, Juan Wagner, Nene Hilario, Amare Stoudemire, etc.

These rankings are very high.

He is relatively familiar and ranked in the first round, but relatively behind is the 'little prince' Tayshaun Prince. According to ESPN's prediction, his draft pick is around 20.

"Prince is pretty good."

Xu Liang touched his chin and thought to himself.

This guy is a typical Gibbon, with excellent defensive ability and good scoring.

He also has a quiet personality and doesn't cause trouble.

"With Prince, plus Billups and the big men inside, most of the Pistons' defensive system is complete. In addition, Yao Ming's defense is not bad. As long as the run-in is complete, the Warriors will have the best defense in the league." One of the strongest teams.”

Thinking of this, Xu Liang's eyes became brighter and brighter.

But soon he frowned again.

Although Prince's draft pick was not high, he was still in the first round.

In addition to the No. 1 pick this time, the Warriors also received the No. 30 pick.

If nothing else, no, it should be said that it is definitely the second round. Although the second round is relatively high, the chance of selecting Prince is slim.

"It would be great if we could get the Pistons' first-round pick in this exchange."

Xu Liang said.

Just as he was about to call Rick Gordon, he stopped again.

"Read the list first before talking."

After reading the predicted first-round list, look at the second-round list predicted by ESPN and other media.

Soon I saw a familiar name and my eyes lit up.

"Carlos Boozer? Second-round pick?"

He is very familiar with this.

‘Yao Ming’s nemesis’, ‘CIC monster’, ‘anti-bone boy’.

Although the former is exaggerated, there is no doubt about Boozer's strength. He was a 20+10 All-Star at his peak.

If he can be selected, he will definitely be a great addition to the Warriors' lineup.

However, this guy is typically strong in offense and weak in defense, and he still plays the power forward position, which does not fit in with his plan for the Warriors' lineup.

What he wants is a coolie power forward, not to compete with Yao Ming for the ball.

Keep looking back.

Another familiar name.

Luis Scola.

This one is more familiar.

In several seasons with the Rockets, he averaged 18 points and 8 rebounds per game, was on the verge of an All-Star, and had the ability to be a starter for a strong team.

"Pity."

Scola, like Boozer, is both strong in offense and weak in defense.

Entering the Warriors' lineup, he can only play as a substitute.

But even so, Xu Liang was not going to let go of two missed opportunities. After all, this kind of opportunity was too rare.

If you don't need it yourself, you can sell it in exchange for the players you want.

And both of them shoot well, so they can try to play small forward.

Thinking of this, Xu Liang picked up his cell phone and called Rick Gordon.

"boss."

"Have negotiations with the Pistons begun?"

"The playoffs have just ended, and I am starting to prepare. But don't worry, I will send someone to contact the Pistons immediately."

After agreeing, Xu Liang said: "When negotiating with the Pistons, try to get their first-round pick this year. If necessary, you can add a little weight."

"clear."

"I also need a bottom first-round pick around 20."

This is what he prepared for Boozer.

For a person ranked as a second-round pick by the media, even if he enters the first round, the probability of his position will not be too high.

To take a step back, even if Boozer's draft pick is above 20, he can still choose Scola, which is not a waste.

In addition, if the Pistons do not agree to give up the first-round pick, Prince can also be selected with this pick.

Although Prince's ability is not as good as Boozer, the former is more suitable for the Warriors' current lineup.

"Boss, which player should I exchange for?"

"It's up to you."

Xu Liang doesn't care.

"clear."

Shortly after hanging up the phone, Lu Hui opened the door and walked in.

"Mr. Xu, Mr. Kevin Hannon, President of Standard Chartered Bank Xiangjiang Branch, would like to visit you."

Hearing this, Xu Liang instantly understood that he was pushed out by Standard Chartered to explore the way.

"Promise him."

"OK."