My Age of Investment

For First Securities, whose client asset management scale is only one billion US dollars, and the company's annual revenue and net profit are worth 10 million US dollars, a loan of 10 million US dollars can be regarded as a huge sum of money, and they cannot be careless. .

For the five major investment banks on Wall Street, this level of loan is a medium-sized list, and there is no need to look at the top boss at all.

However, First Securities, which mainly serves the Chinese community, is obviously not so arrogant. The five executives discussed it and finally reported the matter to the chairman Liu Jinhang, who will decide.

Liu Jinhang did not express his position directly, but asked the woman among the five executives to bring Xia Jingxing and Andrew to his home in Pacific Heights for an interview in person.

Xia Jingxing felt a little emotional when he revisited the old place.

Some time ago, he also met Li Guanfu and Yang Zhiyuan here.

It's just that he basically only played around on the lawn outside the mansion, and was not invited to enter the room, because that was the treatment only for VIPs.

When he entered the room this time, he realized how luxurious the interior of the building was.

Carpets, chandeliers, sofas, coffee tables and other furniture and furnishings are all carefully thought out, all of which reveal a sense of luxury and luxury.

Xia Jingxing, Andrew, and the female executive entered a parlour under the guidance of a servant with a Wanwan accent.

Liu Jinhang had been waiting here for a long time. As soon as he saw Xia Jingxing and the two, he stood up and greeted them. He smiled and greeted them. He shook hands with the two of them, with a warm attitude and no pretence.

He greeted the two of them to sit down on the tea table in the living room, and after making tea for the two of them, he said slowly:

"Mr. Xia, we First Securities are also responsible for this incident, so you can rest assured that we will not evade our responsibility for compensation.

First Securities is based on the Chinese community, relying on the credibility and the support of the compatriots! We certainly won't do anything that smashes our own brand. "

As expected of the chairman, this is a level of speech.

Being able to make the enterprise so big, Xia Jingxing would not believe that the other party is a good stubble, and said with a faint smile: "Mr. Liu is indeed a highly respected senior in the Chinese business community. Your mind and bearing are worthy of our study and admiration at the end of the school."

Liu Jinhang smiled and said nothing.

He is not a banana person. He grew up in Wanwan until he was 30 years old before coming to the United States. He is still familiar with some Chinese culture. , but far from that necessary.

After living to this age and working hard in the shopping mall for many years, the natural person became mature. Through the negotiation content conveyed by several executives, he basically guessed the true intention of Xia Jingxing: he wanted to borrow a sum of money.

Then contact Xia Jingxing's 50 times the income earned by NetEase, it is not difficult to guess where the money is going, and most of them are looking for some stocks worthy of bargain hunting.

In addition, he had seen Xia Jingxing's background information and was very interested in this person.

An 18- or 19-year-old mainland student, who has just arrived in the United States for less than a year, founded an Internet company with a valuation of over 100 million, and rejected Google's acquisition...

For securities investment, it seems to be very proficient.

Before Xia Jingxing and the others came, he specially pulled out NetEase's stock price chart to have a look, and then compared Xia Jingxing's start and timing.

He judged that this fairly successful investment might have a certain element of luck in it, but he could also see that Xia Jingxing had an unusual vision.

Moreover, Xia Jingxing added leverage, if he was not confident enough, he would definitely not do so.

This also shows that it is not all luck.

Of course, it is also possible to be a bold gambler, but it is unlikely.

He carefully analyzed what happened before and after NetEase's stock price rebounded.

Financial fraud and the Internet bubble,

NetEase's stock price has hit rock bottom and is on the verge of delisting.

At this time, he added leverage and rushed in to hunt for the dips. Either he was a gambler or he knew enough about NetEase to have his own judgment.

Combined with the success of Facebook, he believes it is the latter. This kid must have some unique insights into the Internet industry and see the potential of NetEase.

Both a stock speculator and a new entrepreneur, Xia Jingxing was labelled "young talent" by Liu Jinhang at this time.

If Xia Jingxing could persuade him, he would still be willing to lend such a huge sum of money, in addition to reconciling the tax issue, he could also gain a favor.

But the premise is that there must be a guarantee for the repayment of this loan. If you lend it out, you must ensure that you can get it back.

After all, the businessman's words are the first, and he is not the founder of the shantang.

"Mr. Xia, I can consider your loan request, but you must tell me which target stock it is."

Liu Jinhang thought that Xia Jingxing had taken a fancy to another potential Internet stock. If it really had potential, First Securities would not mind following behind to drink soup.

Of course, if they want to invest, they are definitely not blindly following the trend, but they will still conduct a risk assessment.

It was impossible for Xia Jingxing to reveal it, at least not for now. He shook his head, "Sorry, it's inconvenient to talk about this for the time being, and you'll know it directly after I buy it.

If Firstrade is also optimistic, you can also invest together. "

Liu Jinhang didn't feel embarrassed at all when his thoughts were broken, and he didn't explain it deliberately.

He smiled and said, "Okay, let's not talk about this topic. In fact, I agree to this loan in principle, but I have some doubts about the collateral - Facebook equity."

"Please make it clear!"

Liu Jinhang asked about the details of Facebook's rejection of Google's acquisition and the establishment of cooperation with Amazon.

Xia Jingxing did not conceal anything, to win the trust of others, he must show some sincerity and tell the truth.

When he heard that there were more than three million US dollars in cash on Facebook, Liu Jinhang smiled and said, "It's really fast to make wealth through the Internet!"

"Don't Mr. Liu also know the Internet very well? First Securities launched its website a few years ago, and few brokerages had this vision at that time."

Hearing Xia Jingxing's praise, Liu Jinhang felt a little proud in his heart, but he didn't show it on his face.

At that time, he was the first to launch a securities trading website. Many people in the industry were ready to watch jokes, but they were all slapped in the face.

First Securities' investment on the Internet can be regarded as quite successful, laying a solid foundation for the company's rise in the next few years.

Regardless of his age, his thinking is not outdated. He knows that the Internet is a good thing and has a future.

Liu Jinhang nodded lightly, "Yes, this industry is undoubtedly very efficient in the transmission of information. Just for this, it is worth investing in."

He paused and continued to smile: "I mean, if, if the investment of the money Firstrade lent you to you fails, how are you going to repay it?

Hehe, I speak more directly, Mr. Xia, don't take offense. "

Xia Jingxing smiled and said, "It is what it should be to examine the borrower's repayment ability and repayment guarantee, so why would I take offense?

The value of Facebook's equity is assessed by the market.

If the investment fails, I will sell my Facebook stake to pay off the debt.

If Firstrade isn't interested, Sandhill Road's VCs should take over.

A 50% stake in Facebook, valued at $20 million, could also be sold for $10 million.

This valuation is quite low, only 20% of the current valuation of 100 million.

In addition, Facebook will earn at least $30 million in revenue in the next year through its partnership with Amazon.

This is not just me talking about it. Facebook can provide relevant contracts and company records for you to do due diligence and audit. "

Liu Jinhang nodded lightly, "I've seen news reports from Facebook, a campus social networking site, a very good idea, and a company with great potential.

But what if something goes wrong with the company?

Mr. Xia, the loan you want is three years, a very long period of time, in which everything is possible.

The repayment promise you made is also based on the smooth development of Facebook. "

Xia Jingxing shrugged and said with a relaxed expression, "It makes sense, but even God cannot guarantee 100% safety and zero bad debts regarding loans."

Liu Jinhang thought about it for a while. He did not reject the Internet and knew its value, but Facebook was still a little weaker after all.

If it wasn't for a $100 million valuation from venture capitalists in the market and Google's bid for tens of millions of dollars, he would not have borrowed this amount.

To reduce risk, he proposed: "How about a smaller loan, $5 million, and a shorter term, one year."

Xia Jingxing thought about it, within a year, should Amy be released from bankruptcy protection?

This is a foreign company. He knows less than NetEase. He only knows that the stock price will skyrocket in the future.

But it is not so clear when it comes to a certain year and a certain month.

"One year is one year. After one year, if Facebook develops better, can the loan be extended?"

Liu Jinhang nodded and said simply: "Yes! It's not a problem at all."

"The loan amount of five million is a bit small, can it be more, how about eight million?"

Xia Jingxing still did not give up, and fought for more.

Liu Jinhang shook his head and laughed, "Young man, even if you are bullish on this stock, don't bet all the chips in your hand.

Because anything can happen in the stock market!

You are still young, and there are still many opportunities for future success. Haste is not enough. "

Hearing this tone, Xia Jingxing estimated that he was almost at the top.

Because his collateral is not enough to preserve its value, and there are chips in it to give up asking for compensation. Otherwise, it is estimated that the loan of five million US dollars cannot be obtained.

He sighed, "Okay, that's it!"

Liu Jinhang nodded and smiled, knowing the advance and retreat, and his evaluation of this young man was one more point higher.

"Happy cooperation!"

Liu Jinhang got up and stretched out his hand first.

Xia Jingxing smiled and shook hands with the other party to make peace.

It was originally a trouble, but being turned into an opportunity by himself, Xia Jingxing was generally satisfied.

What he lacks most now is the principal, even if it is a loan, as long as he can get it, he can earn money that is far more than the interest countless times.

Because Xia Jingxing was in a hurry, he signed the loan contract on the same day, and then issued a certificate indicating that he would give up the responsibility of pursuing First Securities.

It's just that the loan hasn't arrived yet. First Securities has dispatched a due diligence team to settle on Facebook, and it needs a simple due diligence.

The loan can only be completed after the relevant procedures such as equity pledge are completed.

Xia Jingxing entrusted Liu Jinhang to deal with it urgently, and the other party agreed. The procedure was as simple and quick as possible, but some necessary steps could not be omitted.

Although the media spoke highly of Facebook, and Xia Jingxing also boasted that Facebook was rare in the world, Liu Jinhang must still have to see what he saw.

Let Yang Niu and Xiao Dog cooperate with the people from First Securities to do their due diligence, and at the same time entrust the task of re-filing tax to Andrew and his friend who is a tax accountant. Xia Jingxing took the earliest flight of the day to return to China, and was in the magic capital again. After a transfer, I finally returned to Rongcheng.