My Age of Investment

After Li Yaozu left, Xia Jingxing called Chen Hong.

"Jing Xing, why are you suddenly willing to call me?"

"miss you!"

There was silence on the other end of the phone for a few seconds, "I miss you too!"

"Hahaha~" Immediately, the two of them laughed out loud. They did this every time they talked, and they had to make a few jokes first.

"It's okay, you won't call me, tell me, are you coming to live again?"

"Yes, I want you to help me contact CIC, or any intermediary."

Chen Hong said with a smile: "Your nose is really sharp! Now many organizations are staring at it, this is a big piece of fat."

"It's so ugly, I just want to help the country earn some money."

Chen Hong knew the level of Envision's capital, so he didn't take it as a joke, and replied, "Based on your achievements, you should be favored."

"Try it and talk, it's fine if you don't like us."

"The country's foreign exchange reserves are now as high as 1.2 trillion U.S. dollars, and it is preparing to spend about 200 billion U.S. dollars to issue 1.55 trillion yuan of special treasury bonds.

This is an unprecedented move!

The selection of external fund managers is also very cautious, divided into public selection and targeted selection..."

Chen Hong introduced for a while, and suddenly said with emotion: "Your business is getting bigger and bigger now, raising new funds of billions and billions, and it is expected to become a world-class alternative asset management company.

I am very envious! This is my dream! "

Xia Jingxing smiled and said, "Okay, we're already so familiar, there's no need to boast."

"This is not a boast. Why did I name the company "Haneng", which means "Chinese people can", and I hope to build a world-class investment bank like Goldman Sachs and help more Chinese companies go abroad and go overseas.

Now that the company has been in business for five years, I find that this goal is destined to be impossible to achieve in the short term.

And you are very hopeful that as a representative of Chinese financial people, you can make the voice of our Chinese people around the world. "

Xia Jingxing was silent,

At first, he just wanted to make some money, and then he became a family office, and then a large financial institution, step by step, and now he is going to become the face of Chinese financial people, and the responsibility and pressure are getting heavier .

But it’s okay, this kind of life full of challenges can continuously stimulate people’s motivation to move forward.

"I feel that local government offices are getting richer and richer now. I talked with local officials in Yuzhou some time ago and found that they are very interested in setting up RMB funds and want to invest some money for fun."

Xia Jingxing said indifferently: "The establishment of industry guidance funds at the local level is also for the purpose of developing industries, solving taxation, employment, etc., it is not a pie in the sky.

However, it is still early for this matter. The exit channel has not been opened, and the policy has not been implemented. Many things can only be left on paper. "

"Let's make a deal first. When the opportunity comes, we can run ahead of others."

Xia Jingxing smiled, these pimps do have professional sensitivity.

At this time, there are state-owned enterprise venture capitals in China, such as Shenzhen Venture Capital and Su Venture Capital, but they are all general enterprise systems, not partnership systems.

The reason why Shenzhen Venture Capital is the most famous and has the best performance is because Pengcheng is at the forefront of reform, with a relatively open mind and enough marketization. "8% of the company's total profits are used to motivate employees" It is a clear proof that many state-owned enterprises cannot and dare not do it.

After chatting for a while, Xia Jingxing hung up the phone.

He pondered silently, RMB funds have some signs now, but it will take a year or two to wait until the opening of the GEM.

At present, there are not many LPs that can play the autumn wind, and CIC is definitely the fattest one.

He remembered that CIC also invested US$5 billion in Morgan Stanley and obtained a 10% stake in the investment bank.

Of course, the rate of return on this investment is also impressive.

This is also because when CIC was first established, it didn’t know anything, and even needed employees from invested companies such as Blackstone and Morgan Stanley to help with training. It is estimated that these foreign-funded institutions have fooled the funder’s father.

As the only investment institution in China that reversely opened its store to Wall Street, Vision Capital should be regarded as the hope of Rabbit Village.

Xia Jingxing felt that as long as the people above were not stupid, they would definitely invite Vision Capital.

Even if it is an equity investment in Vision Capital, he will not accept it if CIC is willing to invest. Like other fund share contributions, he will not refuse to help CIC employees with training.

If Envision Capital helps CIC complete its preparations and even go professional, it should be able to make some money.

Blackstone, Morgan Stanley and other foreign capitals have given three to five billion US dollars, so there is no reason to be stingy with your own people, right?

Having said that, Xia Jingxing found that Vision Capital was a foreign fund. Due to policy and foreign exchange reasons, the funds they operated in China were basically US dollar funds, which meant that the funds came in through the route of "Cayman-Hong Kong-Mainland".

It can be regarded as a foreign fund controlled by the Chinese.

…………

…………

"Wait a few months?"

The smile on Xu Tingyin's face gradually disappeared, replaced by seriousness, entanglement, and loss.

It only took one day for Xia Jingxing to give him an answer and asked him to go to the Hong Kong Island office of Envision Capital to discuss in detail.

He rushed over excitedly, and ended up with such a result.

Heng is too eager to go public, he can't afford to wait!

Xia Jingxing sighed inwardly, the funds of each of its funds had their own arrangements, especially those funds with external LPs, they did not dare to violate the contract by misappropriating or lending.

The first hedge fund, Lixia, is about to end its closed period and usher in liquidation, but it will have to wait two or three months before the funds will be credited.

After thinking about it, he was surprised that he couldn't get some money for Brother Hermes.

Xu Tingyin frowned and said: "President Xia, you are the richest man, isn't it easy to get some money?"

Xia Jingxing smiled, the richest man? The first loss is almost the same!

Counting with his fingers, his personal asset portfolio is a pile of debts, and all the money he got from pledging Facebook equity was used for equity investment in start-ups like Ali or hedge funds that shorted subprime mortgages, and there was nothing left.

Overseas Internet, ZTE mobile phones, and even Facebook can't make money right now.

He suddenly remembered that Liqiu No. 2 Fund sold 35% of the fund shares in exchange for the 3 billion U.S. dollars. It shouldn't be a big problem to embezzle 400 million U.S. dollars.

The remaining more than two billion U.S. dollars will not be kept, and all will be returned to Goldman Sachs and Morgan Stanley.

If something goes wrong, he can still scrape together 400 million US dollars.

After he figured it out, he immediately stopped hesitating and said, "I will invest 400 million US dollars in you first, and the debt financing of 500 million US dollars is estimated to take place in the second half of the year."

"no problem!"

Xu Tingyin looked happy, but he was complaining in his heart. These richest men were just like the landlord Lao Cai, who kept crying about being poor, but they were actually richer than anyone else.

"Then Mr. Xia... terms."

Xia Jingxing said with a smile: "All the minimum rate of return settings have been halved, and the interest rate of debt financing will be discussed later. It must be lower than those three institutions."

Hearing this, Xu Tingyin let go of the last trace of worry in his heart, and he felt a lot more relaxed.

"Then Mr. Xia, let's make an agreement like this. After signing the contract, I will reject those three companies."

Xia Jingxing smiled: "Don't worry, we will never break our promise."

Xu Tingyin blushed, and just when he got excited, he spoke out what was in his heart.

"Oh, I have another request." Xia Jingxing suddenly remembered something.

Xu Tingyin was taken aback, isn't it some additional clause? He has seen too much these days, and he is afraid of the various terms and conditions of financial institutions.

Seeing Xu Tingyin's nervous expression, Xia Jingxing waved his hands: "Don't worry, I won't make things difficult for you, I just ask, exchange a few pieces of land..."

After listening to Xia Jingxing's explanation, Xu Tingyin understood and asked Hengtai and Sunco to exchange a few pieces of land.

Haineiwang and Fuxing Mobile are located in Beijing, and the semiconductor business will be located in Shanghai in the future. DJI and Skyworth will be located in Pengcheng, ATL and CATL will be located in Guancheng, Little Swan will be located in Xicheng, Supor will be located in Lin'an, Kelon and Rongsheng will be located in Fengcheng... …

Most of the industries are concentrated in southern provinces and cities, especially the Yangtze River Delta and Pearl River Delta, which will be the key areas for building staff housing in the future.

Xia Jingxing planned to exchange some of the land in northern provinces and cities held by Shunco to Hengtai, and Shunco took away some of the land near the core area of ​​the group's industry held by Hengtai.

Both companies have accumulated a lot of land, and they can pick and choose from each other.

For Hengtai, the exchange of land can expand the industry to the north in one fell swoop, while Sunco will continue to rush towards the road of self-built houses, especially Guangdong Province, where Hengtai is based, will soon become the center of the group's industry.

Xu Tingyin thought about it for a while, and didn't feel that there was any pitfall, so he readily agreed.

"President Xia, I would venture to ask, what are you trading these lands for?" Xu Tingyin looked puzzled.

"Build staff rooms so that they can have a home in the city and work with peace of mind."

Xu Tingyin was dumbfounded, "Then...how much will it cost?"

"Look at the profit of the enterprise, draw a ratio, build more if you have money, and build less if you don't have money."

This was the first time that Xia Jingxing revealed his staff room plan to outsiders. Anyway, the outside world would know sooner or later, so he didn't bother to hide it.

Xu Tingyin thought silently. He always felt that there must be a deep meaning in it, and it couldn't be so simple.

Then, Vision Capital and Hengtai initialed an agreement of intent to invest.

The newly established real estate fund planned by Vision Capital will invest USD 400 million in Hengtai and obtain one-third of the shares.

After CIC officially started operations, Xia Jingxing planned to sell the fund's equity in Hengtai to CIC, or continue to set up an S fund and sell second-hand fund shares as usual.

If CIC is willing to invest some money for their management, then he will continue to set up more real estate funds, snatch this part of the people's fat and people's cream from foreign capital, and send it to the national treasury.

Of course, they also charge some management fees and profit sharing after making meritorious service, and everyone is happy.

The country at this time is not like in the early years. At that time, it was really poor. Now it actually has a lot of capital, but it lacks a professional investment team and a sound mechanism, resulting in a lot of development dividends being earned by foreign capital.

Of course, it is impossible to keep foreign capital from earning a penny, and that would be to close the country.

However, in an industry like real estate that involves people's livelihood, ordinary people suffer, and foreign capital earns a lot of money, which is indeed a bit irritating.

CIC invested in Blackstone, and Blackstone bought SOHO again. The funds turned around and came back. Why should middlemen make the difference?

Because they are professional! Many people in this day and age probably think so.

The reason is also the same. Look at what you vote for and what others vote for, and the gap will be reflected in an instant.

It’s not that there are some powerful state-owned enterprise venture capital, Luzhou is known as the city of venture capital, betting on BOE, making chips, and buying bottoms in Weilai...

In the past 20 years, GDP has increased from more than 30 billion to nearly 1 trillion, relying on vision.

It's very simple to say, it seems to be a matter of slapping the head, but when it is really implemented, you will know how challenging it is.

Like Xia Jingxing knows, his hometown bought a hammer for 600 million...