Chapter 1142 An endless stream
The signing ceremony between CIC and Hanhua was very grand.
The press conference was held in the lobby of the Peninsula Hotel in Beijing. In addition to colleagues from the financial industry, major media outlets across the country were invited.
Xu Liang wanted to take this opportunity to announce that Hanhua had boarded the CIC ship and seek convenience for its subsequent domestic investment.
I also hope to spread the word.
Mr. Xu is rich and if you have good projects, please come quickly.
CIC also needs to be exposed and show its presence.
The two sides hit it off immediately.
At the press conference, both parties also carried each other's sedan chairs.
That’s it, CIC, with ‘China’ on the front, no one is surprised how much money it makes.
But Hanhua is different.
Six-fold return in two years? !
If these words did not come from Lou Wei's mouth, most people at the meeting would not believe it.
In the financial circle where a return rate of over 30% is a big deal, what is the concept of six times in two years?
One word, cow.
Three words, so awesome!
Originally, some people questioned whether CIC invested too much in Hanhua.
After all, Blackstone, which is as famous as Hanhua, only received US$3 billion.
No one questions it now.
Of course, Zhang Fan, Xiong Xiaoge and others who came to the meeting shamelessly were definitely the ones who had no doubts.
Not many people know about the high rate of return of Hanhua Qinglong Fund and Pacific Fund in China where the financial industry is still underdeveloped, but it has long been known in foreign financial circles.
Countless people want to invest in these two funds, but they have no way.
Of course that includes them.
And they also know that Hanhua's peak return on investment is not six times in two years at all.
Except for Hanhua, all domestic venture capital institutions that submitted application materials were unsuccessful this time.
To be more precise, CIC has no intention of injecting VC funds at all.
Cooperating with Hanhua to launch the S Fund "Phoenix" and indirectly investing in several Internet companies including Facebook and Youku is just a special case.
After the meeting, relevant news reports were released, which aroused heated discussions in various circles such as real estate circles, Internet circles, and financial circles.
Everyone knows that Hanhua has excellent investment capabilities and is a top institution in the global financial circle.
Green Dragon Private Equity Fund and Pacific Hedge Fund are well-known around the world.
However, due to the relatively closed financial environment in China.
It is difficult for Hanhua's powerful capital to enter the country.
Basically, they raise funds domestically and then invest again.
The scale of domestic financial investment is limited, and there is no almost universal investment environment like the United States and Europe.
The money raised by Hanhua is far less abundant than overseas.
Although it has developed well in recent years, it is not as good as several securities and funds with national prefixes.
But now that there is sufficient ammunition provided by CIC, everything is different in an instant.
CIC has more than just US$200 billion in capital.
There is news above that Huijin will be merged into China Investment Corporation and become a wholly-owned subsidiary of the latter.
What is the background of Huijin Company?
It is the major shareholder of six major banks including China Construction Bank, China Construction Investment Corporation, CICC, CITIC Construction Investment, Guotai Junan and other state-owned securities companies. All state-owned financial enterprises are managed by Huijin.
In other words, once Huijin is merged into CIC, Cosmos Bank will become a subsidiary company of CIC. How terrifying!
It's an infinite arsenal of ammunition.
With ammunition and Hanhua’s strong investment capabilities, is there still a way for everyone to survive?
Worry is nothing but worry, and no one dares to make any small moves.
If you touch Hanhua, you are putting eye drops on Zhongtou.
Do you still want to get involved in the domestic financial circle?
……
The local bosses in the real estate circle don't care about Hanhua's asset size, nor about Hanhua's domestic development.
They only noticed the $2 billion real estate opportunity fund.
This is 2 billion, still in US dollars.
According to the method in the real estate circle, 20% of the funds can leverage a real estate project. This amount of money can leverage a huge amount of nearly 150 billion Chinese dollars.
There are hundreds of real estate projects in first-tier cities.
This piece of meat is too fat.
Hanhua immediately became the God of Wealth in the real estate circle, and the visiting real estate businessmen almost broke the company's threshold.
……
Hanhua Center.
Pan Yiyi took his wife Zhang Xin and left in disgrace.
"Mr. Xu hates these two people?" Sun Zhiping said with a smile.
Xu Liang didn't shy away and nodded directly.
"If you make money abroad and spend it abroad, that's up to you.
If you have made money at home and want to go abroad to diversify your risks, it’s okay if you don’t talk nonsense or flatter others.
But enjoying the status given by the country and making money from the Chinese people, but holding the stinky feet of overseas white men and Japanese soldiers and belittling their own compatriots, I hate this the most. ”
Sun Zhiping was a little surprised. He didn't expect that his boss was worth hundreds of billions of dollars and had assets all over the world, but he was still a patriotic and angry young man?
"In addition to what I said, there is another very important point.
A person who doesn't even have a basic moral bottom line is not worthy of trust, and he might sell us out halfway.
There are plenty of good projects out there, so there’s no need to waste money on them. ”
Sun Zhiping nodded.
Dong Dong...
A knock on the door interrupted the conversation between the two.
"Come in."
Secretary Sun Zhiping opened the door and walked in.
"Mr. Xu, Mr. Sun, and Sun Hongbing from Sunac Group are here."
Sun Zhiping glanced at the big boss's expression and said, "Let him come in."
Not long after, Sun Hongbing, wearing a dark gray Armani suit and gold-rimmed glasses, walked in with his secretary.
Seeing Xu Liang, his face showed joy and he walked over quickly.
"Mr. Xu, it's such an honor to see you again."
Xu Liang smiled and shook hands with him.
"Mr. Sun, your Sunac Group has been booming in the past two years."
After selling Sunchi Real Estate to Taihua, Sun Hongbing relieved the terrible debt pressure, retained some good land, and reorganized into today's Sunac Group.
After Sunac was established, the venture capital fund under Hanhua Capital Office invested US$40 million for 15% of the equity.
Sun Hongbing is capable.
With Hanhua's investment and the support he left behind, Sunac has developed into one of the top 20 real estate companies in the country in just two years, with strong strength in the Beijing-Tianjin area.
"You deserve the prize. In front of you, my small business is not worth mentioning."
After greeting Sun Zhiping, the group took their seats respectively.
"Mr. Sun is also here to raise funds?" Xu Liang asked with a smile.
"Hanhua invested US$2 billion in real estate development, which caused a sensation in the real estate circles across the country. We at Sunac really needed funds, so we came shamelessly."
"How much money does Mr. Sun want to raise? In what way?"
Xu Liang asked.
"Sunac hopes to cooperate with Hanhua to issue convertible bonds of US$200 million."
Sun Hongbing does not want his equity to be diluted too much before the company really develops.
"Do you want to issue bonds overseas?" Xu Liang.
Sun Hongbing nodded.
If not, he would use Chinese coins as the unit of calculation.
"Hanhua is the only investment bank with world-class influence in the country, and our cooperation in the past two years has been very pleasant, so I very much hope that we can cooperate again." Sun Hongbing said.
Xu Liang smiled, just listen to such flattering words.
The advantage of overseas bond issuance is that overseas investors only share profits and will not interfere with the company's operations unless there is a problem with Sunac's development.
Not necessarily if you are in the country.
Yamen are not good people.
Let them seize the loopholes and shed their skin even if they are not dead.
"Mr. Sun, you have come to the wrong place. If you want to issue convertible bonds, you should go to Hanhua Securities." Sun Zhiping said with a smile.
Sun Hongbing was not stupid. Of course he knew that he had to go to Hanhua Securities to issue bonds.
He just met Pan Yiyi and his wife downstairs and heard them mention Xu Liang, so he came up to them.
Big Boss Xu’s Shenlong has never seen the light of day. It’s a rare opportunity to build relationships, so of course he has to seize it.
"Oh, look at my brain, I did something stupid." He patted his forehead in annoyance and stood up.
"Mr. Xu, we haven't seen each other for a long time. I'm going to be the host tonight and treat you to a meal?"
"I appreciate Mr. Sun's kindness. I already have other arrangements. Let's do it next time."
It was just a business exchange, which was not interesting.
It is better to spend this time at home with my wife, children and confidante.
A trace of disappointment flashed in Sun Hongbing's eyes.
I dare not say more.
He left politely.
After his back disappeared, Sun Zhiping smiled.
"Mr. Xu, I'm sure this guy knows you are here."
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"I probably met those two males and females downstairs."
Sun Zhiping smiled and nodded.
Not long after, the secretary knocked on the door again.
Wu Yajun from Longhu is here.
"Your place today is really more lively than a holiday." Xu Liang said with a smile.
“In real estate, except for state-owned enterprises, no one is short of money.
Who wouldn’t be excited to hear that we have spent such a large amount of money to raise funds?
Moreover, if you miss the opportunity and let others raise money, your company will be left behind.
If you can't catch up with one step, you can't catch up with every step.
Therefore, as soon as the news was announced, everyone who could come came, and no one was willing to fall behind. ”
Xu Liang nodded with a smile and stood up.
"Okay, let's talk. I'll go inside and read your department's semi-annual report."
Sun Zhiping's office is divided into two parts: inside and outside.
Outside is the reception room and inside is the office.
There is a hollow partition in the middle.
Place some works of art such as porcelain and wood carvings.
While elegant, it also blocks the line of sight.
Not long.
A middle-aged woman with short shoulder-length hair, a round face, and a blue scarf and T-shirt walked in with a quick stride.
Sun Zhiping stood up quickly and greeted warmly: "Sister Wu, long time no see, please sit down!"
Wu Yajun glanced left and right.
"Where are you, Mr. Xu?"
"Mr. Xu has something to do and left."
Wu Yajun's face showed disappointment, and a trace of nervousness in his heart also dissipated.
After shaking the book with Sun Zhiping, he sat down very familiarly.
Across the tea table, Sun Zhiping sat down opposite Wu Yajun, made a pot of tea with his own hands, and mixed a cup for him.
"No matter what you do, don't go to the Three Treasures Hall. Sister Wu, if you have any questions, just say it directly? We don't have to be polite."
Wu Yajun smiled and said: "Brother Sun, can you tell me about the situation of your real estate fund?"
Sun Zhiping briefly explained the operating model of real estate funds.
Wu Yajun probably understood, but she had no idea of selling her shares.
“What is your private placement credit interest rate?”
“The loans issued by our private credit funds are overseas debt financing, and the interest rates are slightly higher than those of domestic banks, but lower than non-bank financing loans such as trusts.
In addition, the loan term can be freely selected from 1 to 10 years. ”
Wu Yajun was elated when she heard this, but Sun Zhiping's next words ruined her good mood.
“However, in principle, Hanhua’s private credit funds are only provided to companies that have received our equity investment.
After all, granting loans is not our current main business, but rather providing rich financial services to invested companies, which can also be called value-added services. ”
How could Wu Yajun fail to understand the hint and smiled.
“If you put it this way, don’t you have to accept Hanhua’s equity investment before you can obtain an overseas US dollar loan?”
"This is true in principle, but not absolutely."
Wu Yajun thought for a moment and replied: "Okay, I understand roughly, let me think about it."
Sun Zhiping has no intention of forcing a stake in Longfor. The choice is a two-way street and everything is left to chance.
After sending Wu Yajun away, Xu Liang walked out.
"Have you known each other before?"
"I know his ex-husband Cai Kui, and we had dinner with him several times, so we have some friendship."
Xu Liang understood.
He also has a certain understanding of Wu Yajun, a female boss in the Chinese real estate industry.
When Longfor was first established, Cai Kui also made great efforts. The couple merged their respective companies to form today's Longfor Real Estate.
It's just that Wu Yajun's company's business is better, so its shares in Longfor are larger.
Later, Cai Kui fell in love with a flight attendant, and the couple divorced. Cai Kui received tens of billions of equity assets, which is regarded as one of the top business divorce cases in China.
Whether in China or abroad.
There are many couples who start a business together, but many of them have conflicts and cannot share wealth and wealth.
He put the semi-annual report of Hanhua Capital Office on the table.
"I've read the information, it's very good."
The Beijing office now has two private equity funds, three venture capital funds, and two entrepreneurial incubators.
It manages assets of 47.4 billion Huaxia coins.
Sun Zhiping: "You are too generous. In terms of return rate, we are still behind the three offices in Shanghai, Silicon Valley and Xiangjiang."
"The duration of a moment is nothing, what is rare is the long term.
The return on investment of the Beijing office has been stable at around 40% for two consecutive years, and I am very satisfied. ”
Everyone’s investment style is different.
Shen Nanpeng likes the Internet and biomedical industries with high risks and high returns.
Sun Zhiping likes companies with good operations and bright prospects, and his style is somewhat similar to Buffett.
Therefore, the investment returns of the latter are relatively stable and rarely fluctuate.
“This time the US$2 billion real estate opportunity fund raised by the group from China Investment Corporation will be distributed to 11 offices around the world based on your respective performance.
You use this money as a seed to attract other domestic investors and establish a real estate opportunity fund under the Beijing Office.
As for how much money you can raise in the end, it all depends on your individual abilities. ”
Funds raised in the name of the group must be allocated to all offices within the group.
But how much they can be divided depends on their abilities.
Those who have the ability eat meat, and those who have no ability drink soup.
"Understood."
Sun Zhiping nodded, a glimmer of confidence flashing in his eyes.
Based on the prospects of the domestic real estate market industry, he believes that he will not be worse than anyone else.
"Mr. Xu, I have an investment here that I'm not sure about, and I want you to help me with my advice."
The whole world knows that Boss Xu is a top investment tycoon who has never failed in his eight years of career.
Therefore, whether it is outside or inside the company, as long as there is an opportunity, I want to have sex for free.
Although most of the money earned belongs to the company, as a fund manager, he can also earn tens of millions, and if he does well, he can earn hundreds of millions.
Therefore, whether it is Sun Zhiping or Shen Nanpeng, whenever there is a chance, they will ask.
Of course, everyone follows an unspoken rule.
Only ask in person, never send an email.
The big boss cannot be made to feel incompetent.
Xu Liang also knew the truth behind this. He would always make the biggest profit, so he acquiesced to this rule.
“It’s rare to find an investment that leaves you undecided.”
He made a continue gesture.
Sun Zhiping, feeling relieved, quickly stood up.
"Please wait a moment."
He went to the office inside and took out the information he had prepared in advance and placed it in front of Xu Liang.
(End of chapter)