Chapter 474 Wuyue and Ocean
The international price of soybeans has not increased much now. If they continue to purchase it, it will definitely continue to rise, and it will definitely attract greater attention by then.
Now is the time to stop.
In two months' time, prices will fall and their legacy will heal as the day approaches for northern hemisphere soybeans to hit the market.
After Jiang Xiaoyang nodded, "That means we only have to wait for the four major grain merchants to take action?"
"Well. Although we are a little passive, we are at least in an invincible position."
Jiang Xiaoyang thought about the whole thing for a while.
“If the four major grain merchants do not take action this year, we will be passive. Qinglong 1 will expire in November this year. If we cannot make profits from soybeans, then the expenses during this period will drag down Qinglong. No. 1’s performance, it will be difficult to refinance at that time.”
They purchased more than 45 million tons of soybeans during this period, and the freight and storage fees, as well as the intermediate administrative costs, exceeded 500 million US dollars.
There are still deposits for 13 million tons of soybeans in China.
Plus the premium they paid for the soybeans.
Add all this together, and once soybean prices fail to rise as expected, they will have to lose at least US$2 billion this time.
Greatly lowered the performance of Qinglong No.1.
Of course Xu Liang also has such worries.
"Everything depends on people and God decides on it. We have done everything we should do. Even if the four major grain merchants notice it and do not take action in the end, don't worry too much. I still have more than 10 billion US dollars in hand. Liquid funds can take over all the soybeans
The decline in the performance of Qinglong No. 1 is actually compared to our own. Globally, hedge funds that have tripled in one year are still among the top in the world.
And I don’t believe it. The four major grain merchants have been laying it out for so long, and they will not eat the fat in their mouths.
No matter how much he disguises himself, the greed in his heart cannot change. ”
Anyway, soybeans can be stored well. If you don’t do it this year, you won’t do it next year. What about the year after that?
He has plenty of capital in his hands, so everyone can play slowly.
Seeing how calm he was, Jiang Xiaoyang's originally impetuous heart calmed down.
"Xu Liang, I have something to discuss with you."
"What?"
"I plan to expand the fund series under Hanhua Capital. Split investments in wine, jewelry, art, precious metals, etc. from the planetary series funds and re-establish a series.”
“Why?”
"It's too complicated. The Planet series funds include both corporate investments and luxury goods investments. They are growing bigger and bigger, with more and more sub-funds and becoming more and more bloated.
If your Evergreen Fund continues to grow in the future, It would be even more bloated if we added it.
It would be better to set up a new series fund and separate out investments such as wine and jewelry. In the future, the Planet Series Fund will only be corporate venture capital and industry evergreen funds.”
Xu Liang thought about it and found that the planetary funds were indeed a bit mixed. There were only seven parent funds, and when the Evergreen Fund he planned to establish, there would be eight.
Including sub-funds, there are thirty or forty funds. There are so many that it is difficult to distinguish them.
Considering that this was not a big deal, Xu Liang nodded.
"How do you plan to divide it?"
"Hanhua's 'Five Mountains Series Fund'.
Venus Precious Metal Fund will be changed to 'Taishan Fund'; Comet Jewelry Fund will be changed to ' Hengshan Fund'; Saturn Art Fund was changed to 'Huashan Fund', and Red Star Liquor Fund was changed to 'Songshan Fund'.
In this way, only the Mercury Angel round and A round are left, and Mars B round. Round and C round, Jupiter PE. The remaining two funds, Venus and Saturn, can establish the industry funds you need.”
After Xu Liang thought about it briefly, he nodded.
"In this case, let's re-divide the mythical beast funds.
Divide hedge funds, real estate funds and M&A mergers and acquisitions funds separately."
In the future, as Han China Capital has successively established funds targeting the local market, and the number of private equity funds and hedge funds will increase.
Putting it in a series would seem bloated.
It just so happened that we divided them together this time, once and for all.
"Established Hanhua Ocean Series Fund, Kunpeng Fund was renamed 'Pacific Fund'; White Tiger Fund was renamed 'Indian Ocean Fund'.
Phoenix Fund was renamed 'Atlantic Fund', and Suzaku Fund was renamed "Arctic Ocean Fund".
Xuanwu Fund was renamed to "Southern Ocean Fund".
In addition, Baize New York Fund was renamed to White Tiger Fund.
The London Taotie Fund was renamed ‘Suzaku Fund’, the newly established Japanese fund was named ‘Xuanwu Fund’, and the Singapore fund was named ‘Kilin Fund’. ”
Xuanwu Fund mainly invests in the Japanese and Korean markets, while Singapore’s Kirin Fund mainly invests in the entire Southeast Asian and Australian markets.
The London Suzaku Fund is responsible for the entire European market.
White Tiger Fund is responsible for the entire American market.
Qinglong Fund is responsible for the Chinese market and takes into account the global market. There is no need to consider it in the short term.
The Middle East is basically full of oil.
South Asia, oh, let’s not mention the virtue of the third brother.
With these five mythical beast fund of funds, coupled with representative offices in some important markets, a large network covering the world can basically be formed.
“From now on, Hanhua will focus on the four major series of Five Mountains, Planets, Divine Beasts and Oceans, and seventeen parent funds of Four Mountains, Three Stars, Five Beasts and Five Oceans.” Xu Liangdao.
Jiang Xiaoyang thought for a moment, "In general, there is no problem. However, I think real estate investment should be placed in the Wuyue series. Real estate is to some extent considered an alternative asset investment and is not suitable to be placed together with hedge funds and M&A mergers and acquisitions funds. < br>
Moreover, Hengshan and Hengshan in the Five Mountains have the same pronunciation, so it is easy to confuse it, so it should be changed to Nanshan Fund, or Nanyue Fund.”
Xu Liang agreed after a brief consideration.
“The next change and registration of these funds is a big project.”
The change of name is not just as simple as re-registration, many contracts must be re-signed.
"If all changes are made in a short period of time, the amount of work will be too large and it will be too troublesome. I think we should register a new fund first, and when the old fund expires, use the new fund to buy the assets of the old fund and cancel the old fund. Or re-register.
Although it may take longer, it will save more than half of our administrative costs," Jiang Xiaoyang said.
"It seems that you have already prepared a draft." Xu Liang said with a smile.
"If this were not the case, I would not dare to mention it to you casually."
"Just do as you say, it is not something to be too anxious about."
Jiang Xiaoyang nodded, "Take your time, I'm going to work, and I just want to finalize the company's restructuring."
Looking at the beautiful figure leaving in a hurry, Xu Liang sighed secretly.
As Hanhua grows bigger and bigger, Jiang Xiaoyang’s ambition seems to be getting stronger and stronger.
Collect your thoughts and continue reading the information in your hand.
After a while.
Xu Liang walked to the desk and pressed the call button on the landline.
"Lu Hui, find Sha Zhigang."
"Mr. Xu, Director Lu is on vacation."
Lu Xiaoying said quickly on the phone.
She is one of the political secretaries directly under Xu Liang's Secretariat. After Lu Hui took leave, she served as Xu Liang's temporary secretary.
There are more than thirty secretaries like her in the entire secretariat.
There are government affairs, life, and business investigations.
It is divided into two major office locations: Beijing and Xiangjiang.
Xu Liang suddenly realized that he gave Lu Hui a week's leave the day after he returned to the capital.
After all, I haven’t been home for a year.
"Who are you?"
"I am Lu Xiaoying, the third-level secretary of the Secretariat, temporarily replacing Director Lu to serve you."
"Do you know Sha Zhigang from Xuanwu Fund? No, now It should be called Nanyue Fund.”
“Mr. Xu, I know every fund manager in Hanhua.”
After Xu Liang nodded, “Go and get Sha Zhigang. Call.”
"Okay."
Not long after, Sha Zhigang opened the door and walked in.
"Mr. Xu."
Sha Zhigang strode in with joy on his face.
Xu Liang pointed to the sofa opposite.
"Sit."
Lu Xiaoying brought the tea knowingly.
“You picked up money, are you so happy?”
“Haha, I haven’t seen you for a long time. Now we are sitting together, are you happy?”
"I haven't seen you for more than half a year, and you, a guy with thick eyebrows and big eyes, have actually learned how to flatter you."
(End of this chapter)