My 1999
Chapter 960 Amazing Profits
His eyelids trembled slightly, and Xu Liang slowly opened his eyes.
After a brief moment of confusion, he quickly regained consciousness.
Looking at the twin sisters on the right, he couldn't help but smile.
Helen's gift was really good, which made him feel greatly relaxed both mentally and physically.
Turning his head.
Helen and Lu Hui were also sleeping next to him.
Although there were many battles last night.
But Xu Liang, who had thwarted the dragon-slaying plan and made amazing profits from oil futures, was excited and had amazing fighting power.
Even if the four of them joined forces, they were still defeated by him and begged for mercy.
It was really hearty.
It was a rare enjoyment.
"If nothing unexpected happens, the American Xu family will have another baby."
After glancing at the flat bellies of Helen and Lu Hui, Xu Liang moved away the pink arms and legs that were pressing on him and got out of bed lightly.
He put away the bed sheet that was deliberately put aside and stained with two plum blossoms.
After coming to the study, he picked up a pen and wrote 20 and 21 on it, and then put it in the safe with great care.
There were already two sheets in it, and this was the third one.
After satisfying his little hobby, Xu Liang changed his clothes and joined Huo Gang to practice boxing outside.
Although he had sex with four women in one night, his combat power was amazing.
But if he wanted to continue to maintain this combat power, he had to study hard.
The body is the capital of being fickle.
An hour later, Xu Liang, who was sweating, simply washed and changed his clothes.
First went to the children's room to see the little guy.
Xu Wenbo, who was wearing diapers, was still sleeping soundly.
Xu Liang gently kissed the side of his face, looked at him lovingly for a while, and then tiptoed out.
He came to the living room and flipped through today's newspapers. Most of them were news about Hurricane Katrina.
"Without a smartphone, it's not convenient to even read the news."
Whether it is Apple's iPhone or the mobile phone operating system developed by Hongmeng, they are both in the development stage and will take another year or two before they are released.
The market needs to be cultivated later.
It will take at least five years to reach true maturity.
Time passed by little by little, and the sound of footsteps came from far away.
Accompanied by the familiar body fragrance, two white jade arms wrapped around his neck from behind.
Two surprisingly soft pieces supported the back of his head.
"Why didn't you sleep more?" Xu Liang said.
"I can't sleep without you."
Helen's delicate head rested on his left shoulder, looked over and smiled.
"How about it, are you satisfied with the gift I prepared for you last night?"
"Very good."
"I knew you, a playboy, would say that."
She got up and walked around, sat directly in Xu Liang's arms, found a comfortable position, and relaxed her whole body.
"There are many twins, like the Ryan sisters who are so beautiful, and there are only one pair of twins in Ivy League. I paid a lot of price to convince them." Helen said in a delicate voice.
"I know you spent a lot of thought this time. I remember the credit. Next time there is a suitable opportunity for Facebook, you will definitely not be missing." Xu Liang smiled.
"You said that?"
"When have I ever broken my promise?"
"Hehe, my man is a man of his word. ...By the way, JP Morgan, Goldman Sachs, and Citigroup called again and want to reopen the negotiations. Do you think I should give them some time off?"
"It's fine to give them some time off, but we must complete the financing this year."
"I know, don't worry."
After a while of tenderness and breakfast, Helen went to work.
The new business development of Facebook and Twitter, the launch of Netflix's video business, all require her, the CEO, to supervise and solve.
Every day is busy at work.
Even when she was long on oil before, she didn't come here many times except after get off work.
After going upstairs to see the Ryan sisters, chatting briefly for a while, and treating their wounds, Xu Liang came to the study.
It didn't take long.
Lv Hui came over with a thick stack of documents.
"The financial report of the 'Tenglong Project' has been made."
In order to correspond to the old Soros's 'Dragon Slaying Plan', Xu Liang, who was not good at naming, directly named his own counterattack strategy as the 'Tenglong Project'.
Xu Liang's eyes lit up and he quickly reached out to take it.
This time, in order to defeat Soros's Quantum Fund, he invested a total of 158.76 billion US dollars.
This money came from different sources.
First, Vivendi invested 5 billion euros (equivalent to 6.15 billion US dollars at the exchange rate), with a leverage of 2.7 times at the beginning, then increased to five times, and then increased to ten times.
With an average position of 57.2 US dollars, it held 1.075 million long positions in crude oil.
Finally, the position was closed at an average price of 66.8 US dollars.
The average profit per barrel was 9.6 US dollars, and the total profit was 10.32 billion US dollars (about 8.4 billion euros).
Second, the 48.7% equity mortgage loan of the Hong Kong Stock Exchange was 21.3 billion Hong Kong dollars, which was equivalent to 2.8 billion US dollars at the exchange rate.
However, this fund entered the market later than Vivendi's funds, and the average holding price was relatively high, at $58.4 per barrel.
The closing price was the same as Vivendi's investment, at $66.8 per barrel.
With a ten-fold leverage, the total profit was $4.027 billion.
It should be emphasized that after successfully acquiring the equity of the Hong Kong Stock Exchange, Xu Liang put all of this part of the shares into the Xu Family No. 2 Charity Fund under Qiao Yuhui's name.
Charity can avoid taxes.
However, the funds provided by Vivendi and Xu's No. 2 Charity Fund only add up to $9 billion.
The real big players are Hanhua and Hongyan.
The total investment of Hanhua in the "Tenglong Plan" is $71.3 billion.
Of which $27.9 billion is Hanhua's own money.
The remaining $43.4 billion comes from Hanhua Pacific Phase II Fund.
The average holding price of this huge amount of funds is $58.2 per barrel, with a ten-fold leverage and a closing price of $66.8 per barrel.
The total income is $105.357 billion.
Of which $41.227 billion belongs to Hanhua.
The total income of Pacific Fund is $64.13 billion.
Of the income of Pacific Fund, 35% is paid as short-term capital gains tax, and 5% is financing costs and salary expenses.
Half of the remaining 60% is the share of GPs.
The remaining 30% is Hanhua's own income.
Of course, this is only book income.
The second phase of Hanhua Pacific Fund has not yet reached the time of unblocking. Similar to the income from the last subprime loan, although it is profitable, it cannot be counted as Hanhua’s funds.
“Hui Er, please help me draft a document.
Change the blockage period of Hanhua Pacific Fund and Qinglong Fund from two years to one year.
Show it to me when it’s done.”
“Shorten the investment period?”
Xu Liang nodded.
"The two-year investment period is not good for us.
The characteristic of hedge funds is that they don't open for three years, but they can make money for three years after opening.
The profit sharing standard of our private equity funds under Hanhua is progressive.
We can only get half of the total profit if the annual return exceeds 100%.
If it is a two-year lock-up period.
In the first year, our return exceeds 100%; if the profit is 100 yuan, we can get 50 yuan.
In the second year, there are no good investment opportunities, and the return is only 20 yuan, and the rate of return is only 20%.
Average two years, the annual return is only 60%.
According to the rules we set, the annual return cannot exceed 65%, and we can only get 30% of the return, which is 40 yuan. Obviously, we are at a disadvantage.
If it is divided, we will calculate it year by year.
In the first year, we will get 50 yuan, and in the second year, we will get 4 yuan, which adds up to 54 yuan, which is obviously more profitable."
The profit sharing standard of Hanhua private equity funds is:
If the annual return rate is less than 5%, all the returns will be given to customers.
If the annual return rate is 6~15%, Hanhua will get 10% of the profit share.
If the annual yield is 16-35%, Hanhua will receive 20% of the profit share.
If the annual yield is 36-65%, Hanhua will receive 30% of the profit share.
If the annual yield is 66-99%, Hanhua will receive 40% of the profit share.
If the annual yield exceeds 100%, the two parties will split it in half.
"What if the client disagrees?"
"They will agree. No matter how much money is in the investment account these days, it is not as good as the cash in hand."
Lv Hui nodded.
Back to the previous topic.
Hongyan contributed the most to the 'Tenglong Project', totaling US$78.5 billion.
The source of this money mainly comes from two parts.
One part is the mortgage loan of Hongyan's own assets, and the other part is borrowing.
The providers of the loan are Hongmeng, Standard Chartered, and of course the Vivendi bond repayments sold by brokerage companies such as Goldman Sachs and Hanhua.
Hongyan's average holding price is lower than Hanhua's, after all, it entered the market early.
It is about US$57.9 per barrel.
Under the closing price of $66.8, the total income reached an astonishing $120.675 billion.
Adding the four together, Xu Liang reaped a huge fortune of $240.379 billion from this oil speculation.
This is the highest profit he has ever made.
However, all this money will not fall into his hands.
Vivendi's $10.3 billion must be used to repay debts.
The 35% short-term profit tax of the United States is higher than the 33.3% corporate income tax of the French.
Of course, when the turnover (excluding tax) of French companies exceeds 7.63 million euros and the corporate tax exceeds 763,000 euros, 3.3% social insurance premiums should also be paid.
In general, it is a little higher than paying taxes to the United States.
But compared to paying taxes to the United States, he would rather pay taxes to the French.
The bald rooster is the one who gives the United States the least face in the whole of Europe.
In 2003, he took the lead in singing the opposite tune against the United States's abuse of Iraq.
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