Rebirth of the Wild Age

Xu Xin is a typical mountain girl. She is not tall, has good skin, and is slightly fat. She speaks quickly and is not unorganized.

The Baring Investment Group where Xu Xin works is actually a venture capital company under the Bank of Barings. At this time, she served as the investment partner of Baring Investment Company. There are only six investment partners like this company in Asia. Xu Xin is responsible for China affairs (including Hong Kong City).

"Investment partners" are not shareholders, they are equivalent to senior venture capital consultants, and sometimes they can lead the entire investment plan of a project.

In addition, venture capital institutions are divided into "limited partners" and "general partners".

A limited partner is only responsible for paying money, not for operation and management, and has limited rights and responsibilities. For example, this time Wu Guodi invested US$2 million in the name of Alison Group and handed it over to Jinniu Capital to operate together. He belongs to the limited partner of Jinniu Capital-this US$2 million investment is generally not allowed to withdraw, only Transfer is equivalent to permanently throwing it to Jinniu Capital. If you make money from speculating in futures, Wu Guodi will give priority to the relevant income, and he will not bear debts other than investment if he loses money.

This situation is normal in the American venture capital industry. There are various foundations in the United States, such as pension foundations, environmental protection foundations, charitable foundations, and so on. These foundations hold a large amount of cash and can't keep it in the bank for interest, so they let the investment company operate. As a limited partner, the foundation is not responsible and has no energy to manage, just lying down to make money, and it can also control the loss within a limited range.

The general partner is the partner who participates in the management operation and must bear unlimited joint and several liability.

As for Citibank (China) and other mainland owners, they are shareholders of Taurus Capital.

Taurus Capital has so much capital, it must be managed by the bank. Even Taurus Capital's administrative staff, project evaluation team, etc., have always been borrowers from Citibank at the beginning. It wasn't until Peregrine went bankrupt half a year ago that Taurus Capital took the opportunity to recruit a group, all of whom were veteran employees before the bankruptcy of Peregrine.

As a result, Taurus Capital finally achieved management independence, but it still has a deep cooperative relationship with Citibank.

Back to Xu Xin's side, she has joined Baring Investment for half a year. She has looked for a lot of projects, but none of the business has been completed. It is true that the economic downturn in mainland China and Hong Kong City is messed up everywhere, and it is difficult to distinguish between the people and the ghosts of those companies.

Xu Xin had a more promising goal, but the company sent someone to make an evaluation and directly rejected her project.

Fail!

When many years later, when people talked about the troubles of certain big guys, it seemed romantic and charming to persuade investors with a meal and a few minutes to persuade investors.

The truth is not the same thing at all!

Xu Xin learned of the rapid development of the Internet in China through the introduction of former friends from mainland China. But she was unfamiliar with the Internet, so she personally went to the mainland for a month-long investigation, and selected a company called NetEase from among countless emerging Internet companies.

It's not that Xu Xin has precise vision, but that she has few choices. Someone has already voted on Sohu, and Lifang Online (Sina) has already had a gold master. It just so happened that Ding Sanshi used NetEase as a portal site-yes, this is NetEase!

After Xu Xin has selected the target, he still needs to report back to the investment company, and then send someone to do a preliminary market assessment. When the company thinks it is feasible, she can contact Ding Sanshi, and after reaching a preliminary cooperation intention, she will send someone to do an in-depth and detailed evaluation, and finally negotiate and finalize the investment plan.

As for Song Weiyang's investment in Sohu and Google, it is not called angel investment, but only seed investment, which can be even more willful.

It was eleven o'clock in the evening when I returned to Hong Kong from the mainland. Xu Xin turned on the TV to take a shower. After the shower, he went to the living room. A financial program was playing on the TV.

The host and two experts are talking nonsense:

"When does Hu Sheng think the stock market will pick up?"

"Next year. It won't be possible this year. Everyone has lingering fears. I guess the stock market will start to rebound early next year."

"What about Dr. Chen's point of view?"

"If you want to make long-term investments, now is a good opportunity to buy into the market. The Asian financial turmoil has squeezed out the property market bubble in Hong Kong City. If you have spare money, it is time to buy houses and stocks. Of course, the borrowing rate cannot be too high. High, we should control the risk within an acceptable range."

"Then which stocks do you think you should invest in?"

"'Changshi' and'Hutchison' are good, I have already started, and I will share with you."

"..."

Xu Xin couldn't help being funny when he heard this. This expert was hired by Superman Li as a nursery for the show, right?

"Well, that's all for today's financial dialogue. The following are the weekly business figures. Our program focuses on Song Weiyang, who has been in the Hong Kong city recently. Let’s take a look at his basic information..."

A picture of Song Weiyang appeared in the upper right corner of the TV screen, which was captured on the Futures Exchange. In the photo, Song Weiyang smiled confidently in a suit and leather shoes, with one hand in his pocket, one hand raised, and his index finger was stretched out to make gestures, as if to tell people that Soros would lose.

Next to the photo is Song Weiyang's text information——

Song Weiyang: Born in February 1976, graduated from the Department of Sociology, Fudan University, China, currently the largest shareholder of Jinniu Investment Company, chairman of Xifeng Food and Beverage Co., Ltd., shareholder and director of Xianjiu Wine Group, and director of Shenzhou Technology Co., Ltd. Chang, Sohu Network’s largest shareholder, and a shareholder of Kingsoft Software (other companies temporarily omitted), have personal assets of approximately HK$3.8 billion.

Securities trading history: In 1996, it invested about 10 million yuan (RMB) to buy Qiong Minyuan on the Shenzhen Stock Exchange, with a profit of more than 80 million yuan (RMB); at the beginning of 1997, it manipulated the shares of Lenovo in Hong Kong, with a gain of about 100 million Hong Kong dollars; 1997 April The monthly short-selling Southeast Asia yielded approximately US$90 million; in August 1998, he fought back against Soros, earning approximately HK$1.4 billion.

The TV picture was finally fixed on the back of Song Weiyang standing in the lobby of the Futures Exchange, akimbo looking up at the electronic display screen.

Classic quotation: Today I want the Hang Seng Index to rise by at least 500 points; I think Soros is very annoying and wants to cooperate with the Hong Kong government to drive the old guy away; I don’t know the Hang Seng Index rises or falls, I only know, I don’t want to trade stocks and futures. Lost. Now that I am here, the Hang Seng Index must go up if it doesn't go up, so I must save face!

In fact, the above figures are all estimated by financial professionals in Hong Kong City. Although the general situation is true, there is a certain deviation in the specific amount. Until now, people thought that Song Weiyang personally invested $100 million in funds on the day of the decisive battle. No one doubted that he was bragging to attract the sheep.

Then the show switched back to the studio, and the host said: "Hu Sheng, Dr. Chen, what do you think of Song Weiyang?"

Hu Sheng said: "Very powerful, a genius in the financial market."

Dr. Chen said: "A talented player, he has never studied professional securities knowledge."

The host said: "Some people call Song Weiyang the'stock god'."

Hu Sheng smiled and said: "I think he is the'Mainland Ding Crab.' The Ding Crab in the TV series also never analyzes technology. It only depends on luck, so he still has no disadvantages in the stock market."

Dr. Chen said: "I also agree with this point of view. Song Weiyang is not a stock god, he is a realistic version of Ding Crab."

The host said: "Ding Crab is simple-minded, but Song Weiyang is obviously very smart. Fudan University where he graduated is one of the top ten universities in mainland China. And the companies he manages or invests in are also developing very well. Among them, Xifeng has already It has become the second largest beverage and food company in the mainland, and China Technology is the only mobile phone manufacturer in the mainland."

Dr. Chen said: “Being a business and playing securities are not the same thing. People who do well in a business may not be able to enjoy themselves in the securities market.”

The host said: "There are rumors that Song Weiyang got inside information in advance."

Hu Sheng nodded and said: "It's very possible. At least he was in Stud Qiong Minyuan in 1996, there must be insider stories, otherwise there is no other explanation."

The host asked: "What inside information do you think Song Weiyang has received this time?"

Dr. Chen said: "The Chinese government must intervene strongly."

The host asked, "But all Hong Kong knows about this news. The leaders of the mainland made a strong voice at the end of August. It's just that Song Weiyang believes it can win, and everyone doesn't believe it can win."

"Uh," Hu Sheng suddenly switched to the subject, "So Song Weiyang is Ding Xie. He was so lucky that he met Russia and went wrong."

Dr. Chen immediately took up the topic: "Yes, who would have thought that a country as big as Russia would have said that it was a bad debt. That is Russia's national sovereign bond, the bond with the highest safety factor. It would be a default when it said that it defaulted, and even the country’s credibility? No more. Soros's Quantum Fund holds a large amount of Russian sovereign debt. If Russia goes wrong, Soros is stupid. How can he still be in the mood to snipe the Hong Kong dollar? The same is true of other international speculators, who have been deceived by Russia!"

Hu Sheng said: "It is estimated that ~www.wuxiamtl.com~ Russia's debt default has caused Soros to lose at least 2 billion U.S. dollars. The bank that lent him money at the beginning has been urging him to repay the loan early."

The host said: "So, Song Weiyang is just lucky?"

Dr. Chen said: "Of course it is good luck. The ruble started to fall in early August, and on August 17 Russia announced the postponement of debt repayment. This is nothing, normal operation, Soros need not be too nervous. As a result, it was Hong Kong within a few days. At the most critical moment of the city war, Russia once again announced the postponement of debt repayment, which is obviously not repaying its debts. Since World War II, there has never been a big country like Russia that does not even want national credibility. Song Weiyang's luck is against the sky, this He encountered all kinds of things."

Hu Sheng said: "Ding Crab, Song Weiyang is definitely a realistic version of Ding Crab. He is involved in securities entirely by luck. How this person continues to rely on luck, one day will go bankrupt like Ding Crab!"

Song Weiyang couldn't laugh or cry, his name of "stock god" was gradually replaced by "mainland crab".

Xu Xin ate instant noodles and watched the show, just as watching cross talk and listening to the nonsense of the two experts. Suddenly I received a call from Liang Botao: "Xiao Xu, Song Sheng from Taurus Capital, would like to make an appointment with you someday."