My 1999

"Although Xuanwu Real Estate Investment Fund has raised a lot of funds, it is still far behind the projects we want to invest in. Therefore, we want to cooperate with Standard Chartered.

Xuanwu Real Estate Fund is responsible for acquiring projects in the mainland.

For each project, Xuanwu Real Estate Fund pays 40% of the land payment, and the remaining 60% is paid by Standard Chartered loans. " Xu Liang said.

Kevin Hannon did not immediately comment.

Although China has joined the WTO, the financial market is not open. Although Standard Chartered Bank has a branch in China, it is not allowed to engage in Huaxia currency business.

That is, if both parties cooperate.

Xuanwu Real Estate Investment Fund must find a guarantee for itself.

Otherwise, once a breach of contract occurs, it will be difficult for external financial institutions to impose compulsory preservation on projects in mainland China.

However, with Xu Liang's current status and identity, it is not difficult to find a guarantor.

"If the project land bought by Xuanwu Fund is used for mortgage loans, how will you complete the later construction?" Kevin Hannon asked.

"Advanced development. The construction unit advances funds for development, and the project investors will not pay the money until the first phase of the project is completed. This can delay the payment of funds after one year.

As for the source of this fund, I plan to list the Fuhua Apartments under the Xuanwu Real Estate Investment Fund, and then issue bonds to finance it based on the equity of real estate appreciation. Use the raised money to pay for project development expenses. " Xu Liang said.

Kevin Hannon quickly asked: "What about the loan? How are you going to repay the loan and the interest that accrues on it?"

"Loan interest and loan, repaid with rent."

Xu Liang has two major real estate investment projects.

One is Hongyan’s No. 2 real estate investment fund.

One is the ‘Xuandu Real Estate Investment Fund’ owned by Hanhua.

The former is his own money. He does not want to use too much leverage and focuses on stability.

The latter is other people's money, so it doesn't matter.

On the basis of combining previous knowledge, play with confidence and boldness, as long as you don't waste money.

Even if the calculation is wrong and he loses some money, he doesn't feel bad.

Kevin Hannon looked thoughtful. He is also an old man in the financial industry. Although his investment ability is not outstanding, he has rich experience. He was able to keenly realize that Xu Liang's plan was indeed feasible, but it also hid great risks.

"Mr. Xu, the real estate industry is cyclical. Your plan will be no problem during the rising real estate cycle. But if it encounters a down cycle, the bank will definitely need to add additional collateral, bond equity will fall, and unpaid loans will be added. and interest, the combination of the three can easily destroy your fund.”

Xu Liang smiled, Kevin Hannon's analysis was very accurate.

Twenty years later, the real estate companies represented by "Big" fell like this.

But he is different from others. He clearly knows all the real estate cycles in the next twenty years, so there is no problem of being squeezed out.

Of course, this reason certainly won’t convince Kevin Hannon.

"Kevin, China's real estate industry has just developed. It is not as mature as the United States and Europe. Even if it encounters a downward cycle in the future, it will only lose part of its value. And I dare to assert that even the remaining value will definitely be higher than Property prices are higher these days, so the risk is not as high as you might think.

Moreover, the real estate industry is a relatively low-risk industry, and the risk is much lower than your loans to small and medium-sized enterprises.

In addition, our cooperation is long-term, and Standard Chartered will also have stable profit channels.

Finally, I am a major shareholder of Standard Chartered and will not risk harming my own industry. "

Kevin Hannon nodded slightly after pondering for a long time.

As Xu Liang said, the risks in the real estate industry are indeed much lower than those in industrial investment.

More importantly, Xu Liang is about to become a director of Standard Chartered and his immediate boss. Things within the rules must be given some face.

"As long as it is within the rules, Standard Chartered will not refuse to cooperate with Hanhua." Kevin Hannon said.

"This cunning guy."

Xu Liangliang cursed and said with a smile: "Of course it must be within the rules."

After the words fell, the two looked at each other and smiled, saying nothing.

After Kevin Hannon took him around the Standard Chartered Xiangjiang headquarters, Xu Liang left.

Instead of going to Han Wah, I returned to 33 Barker Road.

Jiang Xiaoyang is still at the company and has not returned.

Xu Liang came to his office.

Lu Hui came over.

"Mr. Xu, Mr. Xia just called. He has arrived in Paris and is about to start preliminary negotiations with Vidy Wang. In addition, he reported that in addition to our Hongmeng, game giants including Microsoft, Sony, Nintendo, and EA have all arrived. .

Competition is fierce and prices may exceed original expectations. "

After Vivendi announced that it would sell off its assets to repay debts, global investment institutions and companies gathered around it.

The major game giants are also eyeing the fat of Vivendi Games.

However, in the previous life, due to fierce competition among major companies, Vivendi's appetite was stimulated, and it was always difficult for the two parties to reach an agreement, so that the negotiations became longer and longer.

Wait until Warcraft 3: The Frozen Throne comes out.

It sold 10 million copies in less than half a year.

The peripheral revenue brought is several times that of game revenue.

Vivendi was naturally reluctant to sell such a big piece of gold.

"Tell Xia Wei, don't rush to reveal your trump card. Let's look at the prices of other companies." Xu Liang said.

This negotiation will definitely not be concluded in a short time.

He could still afford to wait.

"OK."

After Lu Hui left, Xu Liang sat on the sofa and pondered for a while, then took out his cell phone and called Sha Zhigang.

The call was quickly connected.

"Mr. Xu."

"Lao Sha, how much has Xuanwu Fund II raised so far?"

"With US$810 million, US$1 billion can be raised in two months at most."

Sha Zhigang said excitedly.

"That's good. By the way, I have already negotiated with Standard Chartered. You can just follow the original plan and connect with Standard Chartered."

"Mr. Xu, this is great. Our Xuanwu Fund can finally do something big."

Sha Zhigang said happily.

The two Xuanwu funds totaled US$1.5 billion. According to the plan he had discussed with Xu Liang, he could leverage US$3.8 billion and 31.2 billion Chinese coins.

According to the current purchase price of unfinished building projects in first-tier cities in China, one can own an apartment area of ​​3.5 million to 4 million square meters.

Enough to keep the Xuanwu Fund busy for two years.

"Don't just be happy. I got the money for you. If there is a problem with the project, don't blame me for being rude to you." Xu Liang warned.

"Mr. Xu, don't worry. I, Lao Sha, have been sleeping on the construction site for the past two years. If anyone dares to look down on me, I will fire him. I guarantee you that the company will complete all construction projects with quality and quantity."

Sha Zhigang promised.

"As long as you have this determination, I'll wait to see how you perform."

"I will definitely not disappoint you. ...By the way, Mr. Xu. I have collected information on several projects during this period and have sent it to your mailbox. If you have time, take a look and leave a review."

"I know, I'll take a look."

After a few final chats, Xu Liang hung up the phone.

I opened my mailbox on the computer and found the information he mentioned.

Mainly four unfinished building projects in Magic City.

The first is the Dazheng Triangle Plaza [Baokuang International Building] in the North Bund. Construction started in 1994 and stopped in 1998. It is located in the core area of ​​the North Bund, with a construction area of ​​78,400 square meters and an estimated value of 280 million Chinese dollars.

The second one is Baotong Building [Feizhou International Plaza], located in the core business district of Xujiahui with convenient transportation and a construction area of ​​80,000 square meters, including 30,000 square meters of commercial area, with a valuation of about 300 million.

The third one is Hongbang International Building, with a construction area of ​​97,000 square meters and an estimated value of about 350 million Chinese dollars.

The fourth one is Junhao International Apartment, with a construction area of ​​80,000 square meters and an estimated value of about 220 million Chinese dollars.

The fifth is 'Donghai Plaza', which was started in 1994 and stopped in 1998. It has a construction area of ​​135,000 square meters, a debt of 540 million Chinese dollars, and the acquisition requires about 200 million Chinese dollars.

The location advantages of the five projects are all very good.

Especially Dazheng Triangle Plaza and Baotong Building, the former is located in the core of the North Bund, and the latter is located in the core of Xujiahui, and is located at the corner of two main roads, with convenient transportation and huge appreciation potential.

"Lao Sha knows how to choose projects, which is good."

After Xu Liang briefly considered it, he attached his own opinion.

Basically agree.

After finishing this, Xu Liang read through other work emails in his mailbox before heaving a sigh of relief.

"Lu Hui, what time is it now?"

"It's five o'clock in half an hour."

Xu Liang nodded, stood up and put on his coat.

We drove to Chinatown, picked up Jiang Xiaoyang, and went to the Peninsula Hotel for dinner.

“I really don’t think it’s delicious, how come it’s rated three Michelin stars?”

Xu Liang cut a piece of beef and put it in his mouth, complaining while eating.

Jiang Xiaoyang glanced at him.

"Good things need to be eaten slowly to appreciate the flavor. Eating in big mouths like you is like a cow chewing peonies. It's weird to be able to appreciate the flavor."

"Then it's over. I just like the feeling of eating a big mouthful of meat and drinking a big bowl of wine." Xu Liang said with a smile.

He has a big appetite. If he chews his food carefully and slowly like Jiang Xiaoyang, he will not be full for several hours.

Jiang Xiaoyang knew his eating habits, so he smiled and didn't say much.

Xu Liang emptied the beef on the plate and took a sip of red wine.

"The acquisition of Suguo is completed, what are your next goals?"

Jiang Xiaoyang put down his knife and fork and said seriously.

"A thousand birds in the forest is worse than a bird in the hand. I still plan to use Suguo as the core, continue to acquire other supermarkets, and continue to expand Hanhua's share in the retail industry."

Xu Liang nodded.

"I won't interfere in your decision, but Hanhua must withdraw from the offline retail field before 10 years."

"Are you not optimistic about the future of the retail industry?" Jiang Xiaoyang couldn't help but ask.

"I am optimistic about the future of online retail, but not offline. The impact of e-commerce is far more severe than you think."

Xu Liang recalled the memories of his previous life.

Under the impact of e-commerce, even China Resources Vanguard, a national offline retail leader, has closed a large number of stores, which shows how bad the current situation of the retail industry is.

Jiang Xiaoyang nodded after thinking for a moment.

Since she met Xu Liang, she has never seen him make a mistake in judgment.