Reborn Entrepreneurial Giant

At the end of October, the international crude oil price rose to 95 US dollars. After returning to Xiangjiang, Qu Li transferred all the crude oil options and futures he held in his hands. After cashing out, he got 880 million US dollars in cash, which is a number enough to make countless gangsters crazy.

Fortunately, the money is in the name of the Vision Fund, not his own. There is no capital gains tax in Xiangjiang and China, so this income is not taxed.

After cashing out, of course it is necessary to repay the debts. Qu Li needs to explain all kinds of debts and guarantees on his body when he is listed in Jumei. It is better to pay off the debts and transfer the guarantees. At this time, the vest of the Vision Fund will be used.

After repaying the money he borrowed from Lehman and HSBC with 80 million US dollars, he can finally calmly face various scrutiny of Jumei's listing. 15% of the shares of Xiangcai Securities were transferred to his domestic Vision Fund, and Xiangjiang’s Vision Fund was left with 800 million US dollars, 2,000 gold call options and 20 million US dollars of shares invested in Paulson Fund.

Qu Li, who has so much money, refused to be interviewed by Hurun and Forbes, so his name did not appear on the two lists.

Without all kinds of complicated financial investments, Qu Li suddenly felt a lot more refreshed. Unfortunately, the senior management of HSBC Xiangjiang met him and held a grand dinner for him. Many young second-generation members of Xiangjiang attended. Qu Li even saw Wu Hongning, really haunted.

"Why are you everywhere?"

"I couldn't wait in America, so I came to Xiangjiang to see you."

"Just talk about it, there is no phone call."

"Some things just can't be said over the phone."

"Then you'd better not say it, I'm afraid."

"What do you have to be afraid of, you will be on Forbes next year."

"It's a good thing I didn't mention Hoogewerf, I still want to fight for my ideal for a few more years."

"Haha, it won't be your turn for anyone to go in. Glory is really glory." Wu Hongning made a pun, slightly reassuring Qu Li.

"What's the matter?"

"No hurry, let's meet some friends first, and we'll talk tomorrow!" Wu Hongning left with a glass of wine in his hand. An executive from HSBC brought someone over to meet him, and it turned out to be Li Zeju, the eldest son of Li Bancheng.

"Hi, nice to meet you." Li Zeju stepped forward, and Qu Li responded enthusiastically. It turned out that it was Ms. Zhou from Horizons Investment who introduced Glory Future and Hutchison's 3 Group, Hutchison Telecom, and even Xiaocao. Every PCCW has room for cooperation.

The two chatted from smartphones to e-commerce. Although the conversation was simple, it was full of information. Although Qu Li was inexperienced, he did not show timidity. It's too fast, a junior high school student in mainland China has such ability, English and Cantonese are seamlessly connected, although sometimes the words are not accurate, but the meaning you want to express is not difficult to understand.

"No one wants to sell Honor G1 to the world in the shortest possible time than me, but I have to wait. This is our first mobile phone. In case of serious quality problems, it may damage the confidence of the Honor team. Serious blow.

I have to leave enough time and energy for myself and the team to deal with everything that may happen in the future. In addition, Texas Instruments chips are also a very important factor. If their yield rate cannot increase and their production capacity cannot increase, we will not be able to produce mobile phones..."

Hearing Qu Li's words, Li Zeju increased his confidence in cooperation. If the Glory team is like Qu Li, the probability of success is too great. As for another company in Naquli, Li Zeju couldn't help but think of Jumei, which is preparing to go public.

"I divide the development of Jumei into three periods. At the beginning, it is an e-commerce website and a sales platform; then we extend our influence to the physical manufacturing industry through our own brand; the third is to integrate factories and consumers through the Jumei platform. are directly connected.”

"I have great confidence in the realization of the first step. The second step is to build a self-owned brand. I thought it would be difficult, but through Facebook, the influence of the Internet has been miraculously magnified. Xiangyun coconut shoes are expected to become a breakthrough in the field of sports shoes. payment."

"There is only the third step. I don't have any clue now, and I may not make an attempt in five years, but I must speak out to let everyone know the future development direction of Jumei. We are not Amazon, not eBay, and not Ali. Jumei Beauty is just gathering beauty..."

"In the first 5 years of Jumei's listing, the e-commerce platform and Sun Moon Fenghua's own brand will implement relatively independent development strategies, and after 5 years they will carry out in-depth integration. In 5 years, Jumei's valuation will grow from the current billion to tens of billions A listed company at the US dollar level will grow into a US$100 billion company in five years..."

Qu Li not only told Li Zeju, but also told possible investors on the scene that although the road show has not started, HSBC has already started to promote Jumei in Xiangjiang.

People kept approaching Qu Li with various purposes, and HSBC was able to prepare a dinner for him, which already showed the problem, this is a real rich man. The self-made rich who have never seen the world are the easiest to fool. For example, the boss of Gionee is said to have lost most of his net worth because of Du Bo...

Qu Li doubts his own self-control very much, so he upholds the attitude of not entering the stranger, and keeps a respectful distance from the rich second generation who have no possibility of cooperation.

It was said that it was a dinner prepared for Qu Li, but this was just HSBC's rhetoric. There were many small circles at the scene, and some people simply ignored Qu Li, an upstart. But no matter what, Qu Li's wealth will increase.

Qu Li’s 800 million US dollars, of which 400 million US dollars were injected into the Vision Fund that focuses on the domestic market. At this time, the exchange rate of the US dollar to the RMB has almost fallen below 7.5, and the exchange rate of 400 million US dollars into soft sister coins is about 3 billion. Buy all Long-term treasury bonds, when the A-share bubble bursts, the yield of treasury bonds will rise, and the soft sister currency will also appreciate.

The Vision Fund still has 400 million, and allocated 50 million US dollars to buy short-term options on the three major indexes of Hang Seng, Nikkei, and S\u0026P, as well as Citigroup, AIG, Freddie Mac, and Fannie Mae.

Investing 20 million US dollars in the three major stock indexes, every 8% drop in the stock index can earn about 20 million US dollars. It is conservatively estimated that he can earn 150 million US dollars.

And $30 million short of Citibank and AIG insurance can buy $600 million worth of stock put options (sell $600 million worth of stock to the counterparty at the current stock price, these companies are close to bankruptcy a year later) .

It is conservatively estimated that this wave can earn 400 million US dollars, and it may be close to the maximum value of 600 million US dollars. If there is still suspense about how much he will earn in the end, then there is no suspense that Qu Li will definitely make money.

So why not buy more? It would be great if the $800 million could be turned into $10 billion. Not to mention whether it can find a counterparty, suppose HSBC arranges for one or two employees to cooperate with some gangsters to kidnap and blackmail Qu Li. When something goes wrong, HSBC will have temporary workers to take responsibility. Once it succeeds, it will earn billions of dollars. Most people in this world cannot stand such a test.

Therefore, Qu Li's US$50 million was distributed and confidentially invested through HSBC, Goldman Sachs, and UBS, and the amount was carefully controlled. Only earn the money you should earn, and earn money within your ability. People must be self-aware. The remaining US$350 million was divided into two parts, of which US$200 million was converted into Japanese yen, and US$150 million was converted into euros, and then long-term government bonds were purchased.

Why buy government bonds? Because the liquidity is good, it can be cashed at any time. In addition, after the outbreak of the financial crisis, the funds fleeing from the stock market will buy treasury bonds.

I don’t know if it’s clear, but let’s take an example: Qu Li bought a government bond with a face value of 100 yuan and an annual interest rate of 5% (unchanged). One year later, the principal and interest income will not change at 105 yuan, so the yield is 5%. However, there are more people buying treasury bonds in the market. Some people buy treasury bonds with a face value of 100 at a price of 101 yuan. The yield of this person is 105/101, about 4.27%.

When the A-share bubble burst, buying treasury bonds would definitely make money, but not much. The big part was the exchange rate. The U.S. subprime mortgage crisis broke out, and the U.S. dollar was bound to depreciate. As for the future, who knows, after the European crisis, the U.S. dollar will definitely appreciate.

These principles are gradually learned by Glory after becoming a multinational company. If you don’t understand these principles, exchange losses will wipe out Glory’s profits. For example, at this time, Glory will remove the funds required for overseas purchases from the US dollar and euro purchase contracts, and exchange the rest into soft sister coins through mortgages to lock the exchange rate in advance. You can also lock in the exchange rate by purchasing foreign exchange options...

There are many ways to avoid the appreciation of Ruanmei currency, so I won’t list them one by one here. In a few days in Xiangjiang, Qu Li arranged the whereabouts of all funds. It’s not that he doesn’t know that the international crude oil price will rise to around 150 US dollars, but the global Investors know that $100 a barrel of crude oil is a big psychological threshold, and it is not so easy to break through. Wait a minute!