Chapter 1060 Total Assets and Museums
The stock market is always a market that tells stories. For example, several good people in later generations claimed to have discovered room temperature superconductors, which can lead to a wave of related market prices.
As soon as the lie is exposed, he immediately returns to his true form.
Many investors follow the trend. When Microsoft and IBM were carefully deployed two years ago, they were indeed serious about raising funds at the beginning, which triggered a wave of technology stocks.
However, in the absence of actual performance support, such a market situation is short-lived. As an important free shareholder of two companies, AXA Fund certainly knows a lot of inside information.
What's more, Zhou Zhi at least knows that in this big market, those companies whose names will be known to him for generations to come are true.
So when the technology stock market reached a high, led by AXA, a wave of reverse operations began.
Nasdaq reacted very quickly and took a long time. American technology stocks suffered irrational panic selling within a year and a half.
Of course, this is related to the imperfection of the market itself, which has caused several good companies that were supported by new performance, such as IBM and Microsoft, to oversold.
Microsoft fell from a high of $140 to $80, and IBM was even worse, falling from $120 to more than $40 before it found a real bottom at the ten-year moving average.
Not to mention the rest of the companies, they can only be described as corpses everywhere.
The option expiration date set by Zhou Zhi is October this year. As a result, this year, with the successful sale of Pentium chips, the WINNT operating system interview, IBM launched a new bus architecture, and the development of servers with new INTEL chips was almost successful. Big news has shocked the world one after another. The bottom line of American technology companies has finally come to an end and they have begun to re-enter the upward channel.
As for Li Laosan and Zhou Zhi, they had been eating too much in the past year and a half. They used AXA Fund to absorb enough chips in the securities market where corpses were everywhere, just waiting for the bull market to start. Rising.
Li Laosan admired Zhou Zhi's vision to the extreme. During this wave of fund-raising, their capital pool basically acted as a reserve. Every time the stock market fell, they made a huge profit. Over the course of a year and a half, Not only did it absorb a large number of stocks, it even doubled its assets during the falling market.
Because they are playing derivatives, even if they operate conservatively, they will still get three times the profit.
At the high point two years ago, AXA's assets in the U.S. stock market were US$60 million, and now they are approaching US$200 million.
Of course, even with Zhou Zhi's golden finger, the two did not achieve a win-win record because they made a big mistake in their judgment of Oracle.
This stock has not yet been listed, but its original stock has actually made an independent market in the venture capital market.
AXA Fund previously held a large number of Oracle chips, and originally wanted to make more profits in this bear market. As a result, the price of derivatives continued to rise, and it was reluctant to clear out its positions, so it had to continue to increase investment.
Fortunately, Oracle is not a big deal, and the profits of Zhou Zhi and Li Laosan are enough to support them.
Not only that, the two even "rescued" several funds that had original shares in Oracle.
Let these funds divest Oracle's original shares and sell them to them, and several funds will receive cash to survive the harsh winter.
The result of this is that AXA owns 15% of Oracle's shares and becomes a "non-voting shareholder" of this company.
As a shareholder, AXA now has very important seats in Microsoft, IBM, Oracle, and many American technology companies.
Things have become a bit delicate, so what Li Laosan and Zhou Zhi recently discussed is to transfer the registration place of AXA Fund from Hong Kong Island to the Cayman Islands. This is a wise choice.
It is closer to the US financial market. In the context of the current capital outflow from Hong Kong Island, such a move can be said to be inconspicuous.
In a few years, Western markets may be more careful and wary of capital coming from the financial market of Hong Kong Island, which has changed its background, and monitoring will definitely be stricter.
But they will also continue to vigorously maintain the unique status of the Cayman Islands as a financially free island.
In Li Laosan’s words, this is like running on someone else’s boat to chase the ocean current.
Li Laosan was the expert on these matters. Zhou Zhi only knew in his limited memory that this place was where many large companies, especially technology companies, engaged in tax avoidance. For the Chinese people in 1993, this was indeed very advanced.
But this is definitely the right thing to do. After all, in a few years, there will be another financial crisis in Asia and even the world.
You have to go to a larger ocean to enjoy a more magnificent scene.
There were "outsiders" such as Fei Guan and Zhang Cheng at this table, and some words could not be explained very clearly. Zhou Zhi and Li Laosan spent a lot of effort to make Li Lao San understand the difference between the two. I didn’t lose much money this year.
Li Laosan is different from Li Laoer. After all, Li Laosan is a wage earner under the roof of the Feng family, so Li Leshan cares more about him than Li Lehai.
After spending the past two years in the technology stock market, I am considered a stock god...
After the conversation was over, everyone started talking about the operation of the Three Gorges Fund, and Zhou Zhi took the opportunity to promote his idea.
Zhou Zhi means to use the existing resources of Shu University and build a large university museum with donations from the fund.
First of all, Shu University is now preparing to join forces with West China to establish a much larger university than before, and then become the first batch of 211 key universities, receiving strong support from the country.
Secondly, everyone here has had relatively in-depth contact with Shu University, and has become more familiar with each other. Whether it is the UNICODE organization, Heheng and Hongsheng, they have conducted preliminary research on Shu University. Generous donation, the process and the people involved are all familiar to everyone.
The third is that with such a museum, the cultural relics rescued from the Three Gorges will have a proper storage place, and there will also be a base for future scientific research.
The fourth is that it is quite close to the Three Gorges. Of course, although it is not as close as Yuzhou, Yuzhou has not yet been included in the municipal planning. Not to mention the lack of development momentum, the burden is still heavy. Various colleges and universities Here, there are no top major departments in literary and historical research such as the Chinese Department and the History Department of Shu University.
Shu University originally had its own museum, but although that museum had a lot of good things, its infrastructure was too shabby. It was better to call it a museum than a storage warehouse plus three or five exhibition rooms.
It’s a bit embarrassing to say it.
The fifth and most critical point is that the rescue fund will have a specific starting point and a solid backing for its future work. It is like using a university background to sneak into the system. Many things can be done without so many obstacles and will become a matter of course.
Of course, speaking of this "fund office", it is also a good choice to set up this "fund office" at Wuhan University or the Hubei Provincial Museum. But for Zhou Zhi, of course, he must provide as much benefit as possible to his alma mater, and for the Li family , but it's "better to be mature than to be raw".
And after the establishment of the foundation, the most important thing is to be able to hit the ground running. Building a first-class university comprehensive museum in Shu University will definitely be a big gimmick that can attract the attention of all walks of life!
(End of this chapter)