Reborn as a tycoon in Hong Kong

In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa stocks bought with HK$100 million raised from companies such as Galaxy Games were all sold in the morning. Although they started selling after the stock price exceeded HK$20, because the stock price rose relatively quickly afterwards, Therefore, the average selling price was HK$24, and 27.8 million shares were sold for a total of HK$667.2 million. After deducting handling fees, the total was approximately HK$667 million.

Generally speaking, there is no need to pay taxes on stock trading and futures trading, and you only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you must pay profits tax, just like a company's profits, and the tax paid on financial investments is higher than the tax paid on normal business operations. Be higher.

Here in Xiangjiang, the income tax paid on profits from financial investments is 10%. Although it is not a lot, it is much less than that in the United States.

In other words, this time the stock transaction was sold for a total of HK$667 million, the cost was HK$100 million, the profit was HK$567 million, the tax was HK$56.7 million, and the final profit was HK$510.3 million.

However, it is true that there is so much tax to be paid, but the tax will not be paid immediately. The 56.7 million Hong Kong dollars in tax that need to be paid will be placed in Yum Securities to continue operations, and the tax will be filed together at the end of the year.

As for the 510.3 million Hong Kong dollars that can be used freely, it is distributed to companies such as Galaxy Games. Star Cinema was allocated 150 million Hong Kong dollars, Jupiter Toys was allocated 20 million Hong Kong dollars, Asia Television was allocated 50 million Hong Kong dollars, and the rest was all given to Galaxy Games Company.

Star Cinema’s 150 million Hong Kong dollars is enough to build a cinema chain all over Hong Kong. This is because the cinema of Star Cinema is a multi-screen cinema with many screens and the theater area will be larger than other cinemas. Otherwise, a cinema chain would not be able to do so now. You don't have to spend so much money.

The shares repurchased by Hutchison Whampoa were also sold, with 17 million shares sold for a total of HK$410 million, a profit of HK$310 million, and 10 million shares placed in the company. However, the tax here will be deducted from the company's investment for the year at the end of the year. If after calculation it is found that this year's profit is only HK$100 million or HK$200 million, then you only need to pay tax on this part of the profit.

With the 410 million Hong Kong dollars recovered by Hutchison Whampoa, Lin Baicheng asked Wei Li to invest in the real estate industry and retail industry. These are asset-heavy investments, and Lin Baicheng also specifically asked Wei Li not to sell the real estate invested, that is, he would only invest in real estate for the time being. If you rent rather than sell, the profit will be limited. The company won't make much money that year, so it naturally won't have to pay too much tax.

This time when he came to Yum Securities, in addition to approving the transfer of more than HK$600 million in stock trading costs and profits, Lin Baicheng also wanted to know about the establishment of a fund.

During the two days of the weekend, Anyuan had already found out more about it.

Before his rebirth, Lin Baicheng also bought funds for two years. Although he didn't make much money, he still knew some of the restrictions of funds at that time.

First of all, fund types are divided into mutual funds, hedge funds, and futures investment funds. Different types of funds have investment scope restrictions. To be more specific, taking mutual funds as an example, they can be subdivided into four types: stock funds, bond funds, hybrid funds and currency funds, which are relatively conservative and stable in operation.

Taking the most familiar stock funds as an example, when raising funds, they cannot advertise in the media. In terms of operation, they can only choose to buy stocks. The funds purchased for each stock cannot exceed the upper limit of 10% of the total funds of the fund.

What specific restrictions there are, Lin Baicheng, a layman, cannot know.

But what Anyuan told Lin Baicheng was that in this era, there were almost no restrictions on Xiangjiang Funds. In terms of fundraising, funds cannot be raised through television stations, radio, etc., but funds can be raised externally by publishing in no more than three newspapers.

In terms of operation, the fund can operate however you want, including buying stocks and doing futures. The only restriction is that more than 50% of the funds cannot be used to purchase companies in which the fund controller holds more than 30% of the shares. This is mainly to prevent the fund controller from seeking benefit for himself.

Taking Lin Baicheng as an example, in the future, for any company where Lin Baicheng holds more than 30% of the shares, the funds that the fund can use to buy cannot exceed 50% of the total funds of the fund, and Hutchison Whampoa is included among them.

It can be said that there are very few restrictions on funds nowadays, at least in Xiangjiang.

"Anyuan, you have someone go to the Hong Kong government to register and establish a Yum Fund, and then announce the fundraiser in three newspapers: South China Morning Post, Hong Kong Economic Times, and Oriental Daily. The fundraiser will take half a month."

The three newspapers chosen by Lin Baicheng were not chosen randomly. Among them, the South China Morning Post is an English newspaper, the Hong Kong Economic Times, as you can tell by its name, is an economic-related newspaper, and the Oriental Daily is aimed at the general public, and basically combines all the newspapers. All levels are covered.

Anyuan asked aloud: "Mr. Lin, how much money do we need to raise in total? How many shares can we buy at most? What is the minimum unit of capital?"

"There is no upper limit on the total amount of funds raised. It is calculated as one share of 1,000 Hong Kong dollars. At least one share must be purchased, which is 1,000 Hong Kong dollars. At most, it does not exceed 100 million Hong Kong dollars."

With that said, Lin Baicheng continued: "The funds raised have a one-year closing period. During this year, they cannot be redeemed, regardless of whether the fund is losing money or making a profit. In terms of expenses, there is a management fee of 5% of the principal every year. If the profit is less than 30%, only a 5% management fee will be charged; if the profit is between 30% and 50%, if management fees are included, a 15% fee will be charged; if the profit is between 50% and 100%, 30% of the total fee will be charged; if the profit exceeds 100%, 50% of the profit will be charged, and the maximum ratio is half per person."

Although the fund was established mainly to maintain personal relationships, Lin Baicheng was not prepared to work in vain. The bottom line he could accept was a half share ratio per person.

"Mr. Lin, the management fee of other funds is only 3%."

Anyuan couldn't help but remind him.

"Just keep 5% unchanged. Sometimes choice is very important."

Lin Baicheng smiled. If someone is willing to spend 2% more management fees, then he can guarantee that the other party will not lose money and will only make money.

"You go ahead and do this. Set up a fund first, and then raise funds from outside. You can raise as much as you can in half a month. There is no need to force it."

"Okay, Mr. Lin."

Lin Baicheng had already said this, so Anyuan naturally said nothing more.

In fact, Lin Baicheng knew very well that the funds that the fund could raise at the beginning were limited. After all, although he made hundreds of millions of Hong Kong dollars for Hutchison Whampoa in just a few months, there was only one such example. Because of his age, many people still don't trust him that much, and even if they are willing to spend money to buy a fund, they won't spend too much money.

Therefore, it doesn't matter how much money is raised at the beginning. As long as Lin Baicheng uses one or two years or more to make the fund have a huge rate of return, there won't be enough people who are not afraid of being tempted.