Chapter 976 Investment Direction
Xu Liang slowly hung up the phone.
“What’s wrong?”
Jiang Xiaoyang asked.
“Those guys behind Epstein want to reconcile with me.” Xu Liang chuckled.
"It seems that you scared a lot of people this time."
"It's not enough to scare them. These guys have been rich and prosperous for too long and don't want to take risks."
As the saying goes. , those who wear shoes are afraid of those who are barefoot.
Although Xu Liang is also a person who wears shoes now, he grew up at the bottom, and his mentality is different from those powerful people who grew up with golden keys in their mouths.
Of course, if he has a choice, he is not willing to take risks.
But he is more aware of the gangster logic of Western society.
If others don’t fight back quickly and crazily when they bully you, they will only think that you are weak and easy to bully, and they will never stop until they eat you up.
So even though he knew the consequences of doing so would be great, he still had to persist to the end.
If you want to kill me, you can.
But if you can’t kill me, I will kill you!
Only in this way will they be afraid, even afraid of you.
“If the other party wants to reconcile, they must show some sincerity, right?” Jiang Xiaoyang said.
“They said they could help me acquire Unocal Petroleum.”
“The sale of Unocal Petroleum has not been completed yet?”
“No. Originally, Chevron and CNOOC The competition is about to bear fruit, but I am fighting with old Soros. Global oil prices have fluctuated violently, coupled with the surge in oil prices caused by Hurricane Katrina.
The negotiations were delayed.
There is no result yet. "Xu Liangdao.
"Then do you still want Unocal Oil? "
"If Huahai Oil does not participate in the bidding, it will be won if it is won. Now..." Xu Liang shook his head.
The main reason why he dared to wander outside was mainly There is China's retreat
If you offend the boss of a top state-owned enterprise, you will undoubtedly bury a big nail in your head.
The lessons learned from Big Lao Wang’s story are not far away.
No need.
“Then what do you want?”
“I don’t want anything now. Hanhua is integrating, Hongmeng has no acquisition opportunities, Master Kong has just acquired Huaxia Winery, and Taihua is even more Stop talking.
In China, Deron's legacy has not yet been fully digested.
Vivendi and Hynix are both carrying huge debts, and Facebook is still digesting Netflix.
There is no need to rush into large-scale acquisitions. ”
Having said that, the more important thing is that in two years there will be a subprime mortgage crisis.
Global assets depreciate significantly, and that’s when the real expansion will begin. Good times.
Now, the most important thing is to save money to pave the way for the future.
"If you don't want anything, they probably won't really feel relieved." Jiang Xiaoyang smiled.
I offer you an apology and if you don’t accept it, that means you are unwilling to reconcile, and that will cost us our lives.
This is the subconscious thought of most people.
But Xu Liang doesn’t intend to kill anymore.
Otherwise it will push everyone against him.
"How about you help me think about what I want?" Xu Liang said with a smile.
“Except Hanhua and Hongmeng, I don’t know the development of your other companies. So, you’d better figure it out on your own.
But I suggest you choose Unocal Petroleum. Okay.”
“Why?”
"First, because of previous acquisitions, Hongyan has done detailed due diligence on Unocal, and is familiar with the situation, so it can sign the contract in the shortest time.
Second, the influence of one thing will increase with the The longer the time passes, the less frightened those people will be.
And people are fickle. .
If it takes too long, they may not really be willing to apologize.
Third, if you don’t want to offend Huahai Oil, you can buy it and sell it to them at a higher price.
But I advise you not to do this.
Without competitor acquisitions, they will not give you high prices.
When you go in and out, you pay favors, but you don’t get much money. It’s just making wedding clothes for others. ”
After thinking for a while, Xu Liang nodded slowly.
He held the beauty's slender waist and smiled.
“At critical moments, I still have to rely on my good wife.”
The corners of Jiang Xiaoyang’s lips raised slightly, enjoying his praise.
“You are just a fan of the authorities.”
“That’s right, that’s why I need you, a bystander, to give me a clear analysis.”
"Silly."
She rolled her eyes at him coquettishly, and her charming look made Xu Liang's heart heat up. His left hand on his beautiful leg quickly opened the corner of his clothes and stretched it in.
Caressing a little.
Jiang Xiaoyang’s body reacted.
Quickly hold his hand.
"Wait, I have something to ask you."
"What?"
"The US$60 billion raised by Hanhua Pacific Phase III and Qinglong Phase III has all been received. You Where do you want to invest?”
“I have nothing to do during this time, so I just thought about it.” He helped Jiang Xiaoyang stand up, walked to the safe behind the desk, opened it, took out a document and handed it over. past.
"Let's take a look."
Now private equity business and hedge fund business are two of Hanhua's three major business pillars, and she, the CEO, cares about them more than anyone else.
Xu Liang did not disturb her, and sat beside her to drink tea quietly.
After a long time.
“Are you sure you want to vote like this?”
Xu Liang nodded.
Qinglong Fund has now raised three phases, totaling US$120 billion.
Fund No. 1, US$10 billion, invests in the Internet. Google, Rakuten, Amazon, Apple, etc. are all its investment targets.
Fund No. 2, US$10 billion, invests in hard technology, including BlackBerry, ASML, Fanuc, Kyocera, etc.
Fund No. 3, invests US$5 billion in American Chinese concept stocks, including PetroChina, Sinopec, China Southern Airlines, China Aluminum Corporation, Modou Petrochemical, The9th City, etc.
Fund No. 4 invested US$7 billion in the luxury goods industry, including LV, Armani, etc.
No. 5 Fund invests US$10 billion in the chip industry. Samsung Electronics, TSMC, Broadcom, Infineon, Qualcomm, AMD, etc. are all its targets.
No. 6 Fund invests US$5 billion in telecommunications, Verizon, NTT, etc.
No. 7 Fund 5 billion US dollars investment finance, Goldman Sachs, Lehman, Citigroup, etc.
No. 8 Fund invests US$3 billion in daily chemicals, P&G, L'Oreal, Johnson & Johnson, etc.
No. 9 Fund invested US$5 billion in Hong Kong red chips.
No. 10 Fund invests US$10 billion in mining.
No. 11 Fund invests US$10 billion in the oil industry.
Next are the three funds newly established by Xu Liang.
No. 12 Fund invests US$15 billion in the automotive industry, including car manufacturing, auto parts and other fields.
In this giant industry with a scale of more than 10 trillion US dollars, throwing in 15 billion US dollars plus leverage will not cause much splash.
No. 13 Fund 10 billion US dollars, investing in cosmetics.
No. 14 Fund invests US$5 billion in biopharmaceuticals.
"The automotive industry, cosmetics and biopharmaceuticals are relatively fast-developing industries. As for the specific investment direction, let Guo Shaojie do an investigation.
Based on their ranking of market share in China Investment.
If you have a high proportion, invest more, and if you have a small proportion, give up. ”
China is the fastest growing market in the world. A high proportion of this market means revenue growth and huge profits.
It will naturally lead to an increase in stock prices.
Jiang Xiaoyang nodded and was not surprised by his decision.
In fact, all the investments of Qinglong Fund were except for a few companies requested by Xu Liang, such as Apple, Nvidia, BlackBerry, ASML, etc.
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They all invest based on China's market share.
Those with a high share of the market will invest more. Those at the bottom will either not invest, or they will not allocate too much funds if they do.
“U.S.$30 billion of hedge funds are all invested in the money market?”
Xu Liang nodded and said: “We have allocated enough funds in other areas, and we can still invest now, and we can accommodate With enough funds, only the money market is left.”
Pacific Fund raised three tranches.
US$30 billion per issue.
The first phase is US$30 billion, divided into three funds.
No. 1, 3 and 4.
Each holds $10 billion in cash flow.
No. 1 invested in the long position of Huaxia Coin. As the value of Huaxia Coin began to appreciate in June, the return rate has exceeded 50%.
The investment direction of Fund No. 4 is corporate bonds of luxury goods companies, energy and mining companies and financial companies.
The most noteworthy one is Fund No. 3.
Taking advantage of the loopholes of rating companies such as Moody's and Standard & Poor's, coupled with everyone's unfamiliarity with subprime debt.
Xu Liang took the lead and acquired US$50 billion in real estate-related Class 3B subprime debt and US$62 billion in Class B and Class 2B subprime debt at ultra-low prices, redesigning the structure of the asset pool.
Make all the originally low-priced 3B-rated bonds into 3A-rated bonds and sell them.
Once it changes hands, the profit will be dozens of times higher.
After deducting the 20% share from platforms such as Goldman Sachs and Morgan Stanley, and the 35% short-term capital gains tax and financing costs.
The Pacific No. 3 Fund still has a floating profit of US$44.6 billion.
Hanhua can get half of this money, which is US$22.3 billion.
However, the fund has not yet reached the unblocking period.
This US$44.6 billion, together with US$10 billion in cash, still remains in the accounts of Fund No. 3.
$54.6 billion cannot be left idle.
Originally, he planned to continue investing in U.S. subprime mortgages, but Jiang Xiaoyang felt that the risk was too high and he would not allow it.
Later I invested in the bond market, mainly corporate bonds.
He knows very well those companies that have a future.
Although it is impossible to bring about sudden wealth in subprime debt, it is still no problem to outperform 99% of hedge funds.
The second phase fund is US$30 billion.
No. 2 Fund invests US$10 billion in crude oil and ores.
No. 5 Fund invests in precious metals including gold and silver.
Fund No. 6 invests in corporate bonds of high-tech companies.
If there are no surprises, there is a high probability that the return rate of the Pacific Phase II Fund will be difficult to match that of the Phase I Fund.
But Old Soros and the others bumped into each other.
After the Tenglong plan ended, Pacific Ocean directly earned a return of US$64.13 billion.
(End of this chapter)