Xu Xin is a typical girl from a mountain city, not tall, with good skin, slightly chubby, and speaks quickly and methodically.

The Baring Investment Group, where Xu Xin works, is actually a venture capital company under the Bank of Bahrain, and "Baring" means "Bahrain", which has a different transliteration. At this time, she was a Venture Partner at Baring Partners, one of only six in Asia, with Xu Xin specialising in China (including Hong Kong City).

The "investment partner" is not a shareholder, but is equivalent to a senior venture capital advisor, and can sometimes lead the investment plan of a project from start to finish.

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

Limited partners are only responsible for making money, not for operation and management, and have limited rights and responsibilities. For example, this time, Wu Guodi invested 2 million US dollars in the name of Elison Group and handed it over to Taurus Capital to operate together, and he belonged to the limited partner of Taurus Capital - this 2 million US dollars investment is generally not allowed to be withdrawn, but can only be transferred, which is equivalent to being thrown to Taurus Capital permanently. If he makes money by 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 the norm in the venture capital industry in the United States, where there are various foundations, such as pension foundations, environmental protection foundations, charitable foundations, and so on. These foundations hold a lot of cash and can't keep it in the bank for interest, so they let the investment companies run it. The foundation acts as a limited partner, is not responsible and has no energy to manage, just lie down and make money, and can also control the loss within a limited range.

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

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

Taurus Capital has so much money that it definitely needs the help of banks to manage it. Even Taurus Capital's administrative staff, project evaluation team, etc., have been borrowing Citibank from the beginning. It wasn't until Peregrine went bankrupt half a year ago that Taurus Capital took the opportunity to recruit a group of old employees before Peregrine went bankrupt.

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

Let's go back to Xu Xin, she has been joining Baring Investment for half a year, and she has found a lot of projects, but she has not completed a single business. It's really the economic downturn in the mainland and the port city, and it's messy everywhere, and it's hard to tell whether the companies are people or ghosts.

Xu Xin had a more optimistic goal, but the company sent someone to evaluate it and directly rejected the project she proposed.

Fail!

Many years later, when people talk about the trouble of a certain big guy, it seems to be very romantic and charming to convince investors with a meal or a few minutes.

That's not the case at all!

Xu Xin learned from the introduction of friends in mainland China that China's Internet is developing rapidly. But she was not familiar with the Internet, so she personally went to the mainland and conducted a month-long investigation, and selected a company called NetEase from among countless emerging Internet companies.

It's not that Xu Xin's vision is accurate, but that she doesn't have many choices. Sohu has already been voted for, and Lifang Online (Sina) has already had a financier, and it just so happens that Ding Sanshi has made NetEase a portal model - yes, it's this 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, reach a preliminary cooperation intention, and then send someone to do an in-depth and detailed evaluation, and finally bargain to 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 more willful.

It was already 11 o'clock in the evening when he returned to Hong Kong City from the mainland, Xu Xin turned on the TV to take a shower, and after taking a shower, he came to the living room, where a financial program was playing.

The moderator and two experts are:

"When does Hu Sheng think the stock market will recover?"

"Next year. It's not possible this year, everyone is worried, and 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 the bottom and enter the market. The Asian financial turmoil has squeezed out the property market and stock market bubble in Hong Kong City, and if you have spare money in your hand, it is the right time to buy a house and buy stocks. Of course, the borrowing ratio should not be too high, and we should keep the risk within an acceptable range. ”

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

"'Cheung Kong' and 'Harmony Yellow' are good, I have already started it, and I will share it with you. ”

“……”

When Xu Xin heard this, she couldn't help but laugh, this expert was hired by Li Chaoren to be the childcare of the show, right?

"Okay, that's all for today's financial conversation, and here's a weekly issue of business leaders. Our focus in this episode of the show is Song Weiyang, who has recently called for wind and rain in Hong Kong City, let's take a look at his basic information first......"

A photo of Song Weiyang appeared in the upper right corner of the TV screen, which was captured by him on the Futures Exchange. In the photo, Song Weiyang is wearing a suit and leather shoes, smiling confidently, with one hand in his pocket, the other hand raised, and he stretches out his index finger to gesture at something, as if telling people that Soros will be defeated.

Next to the photo, is Song Weiyang's text -

Song Weiyang: Born in February 1976, graduated from the Department of Sociology of Fudan University in China, he is currently the largest shareholder of Jinniu Investment Company, the chairman of Xifeng Food and Beverage Co., Ltd., the shareholder and director of Xianjiu Liquor Group, the chairman of Shenzhou Technology Co., Ltd., the largest shareholder of Sohu Network Company, and the shareholder of Kingsoft Company (other companies are omitted), with personal assets of about 3.8 billion Hong Kong dollars.

Securities trading history: In 1996, he invested about 10 million yuan (RMB) in the Shenzhen Stock Exchange to buy Qiong Minyuan, with a profit of more than 80 million yuan (RMB), manipulated the shares of Gangcheng Lenovo in early 1997, and made a profit of about 100 million Hong Kong dollars, shorted Southeast Asia in April 1997, and made a profit of about 90 million US dollars, and counterattacked Soros in August 1998, with a profit of about 1.4 billion Hong Kong dollars.

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

Classic quotes: Today I want the Hang Seng Index to rise by at least 500 points; I think Soros is very annoying, and I want to cooperate with the Hong Kong government to drive that old guy away; I don't know the rise and fall of the Hang Seng Index, I only know that I have never lost money when I speculate in stocks and futures. Since I'm here, the Hang Seng Index has to rise even if it doesn't rise, and I must be given face!

In fact, the above data are all estimated by financial people in Hong Kong City, although the general situation is true, but the specific amount has a certain deviation. Until now, people still think that Song Weiyang personally invested $100 million on the day of the decisive battle, but no one suspects that he is bragging in order to attract sheep.

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

Hu Sheng said: "Very powerful, genius of the financial market. ”

Dr. Chan said, "He is a talented player who has never learned professional knowledge of securities. ”

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

Hu Sheng smiled and said, "I think he is a 'mainland Ding Crab'." The Ding crab in the TV series has never analyzed technology, and it is all based on luck, and it is still invincible in the securities market. ”

Dr. Chen said: "I also agree with this point of view, Song Weiyang is not a 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 10 universities in mainland China. Moreover, the companies he runs or invests in are also developing very well, among which Xifeng Company has become the second largest beverage and food company in the mainland, and Shenzhou Technology is the only mobile phone manufacturer in the mainland. ”

Dr. Chen said: "Being a business and playing securities are not the same thing, and people who do well in business may not be able to succeed in the securities market. ”

The host said: "It is rumored that Song Weiyang got the inside information in advance. ”

Hu Sheng nodded and said, "Very likely." At least he is 96 years old, there must be an insider rumor, otherwise there is no other explanation. ”

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

"The Chinese government needs to intervene strongly. ”

The host asked rhetorically: "But the whole Hong Kong knows the news, and the leaders of the mainland spoke out strongly at the end of August." It's just that Song Weiyang believes that he can win, but everyone doesn't believe that he can win. ”

"Uh," Hu Sheng suddenly changed the subject, "so Song Weiyang is a Ding crab, and he was so lucky to meet Russia for debts." ”

Dr. Chen immediately took over the topic: "Yes, who would have thought that a country as big as Russia would actually say that it would be a debt. That's Russia's national sovereign bond, the bond with the highest safety factor, and if you say it's defaulting, you're defaulting, and you don't even want the country's credibility. Soros's quantum fund holds a large amount of Russian sovereign debt, and when Russia defaults on its debts, Soros is stupid, how can he still be in the mood to snipe at the Hong Kong dollar? Other international speculators are also like this, they have been deceived by Russia as a country!"

Hu Sheng said: "It is estimated that Russia's debt default has cost Soros at least $2 billion, and the bank that lent him the money has been urging him to repay the loan early." ”

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

Dr. Chan said, "Of course, it's luck. The ruble began to fall in early August, and on August 17 Russia announced a moratorium on debt repayments. It's nothing, normal operation, Soros doesn't have to be too nervous. As a result, a few days later, at the most critical time of the port city war, Russia once again announced a moratorium on debt repayment, which was clearly a non-payment of debts. Since World War II, there has never been a major country like Russia that does not even want national credibility. Song Weiyang's luck was against the sky, and this kind of thing was encountered by him. ”

Hu Sheng said: "Ding Crab, Song Weiyang is definitely a realistic version of Ding Crab, and he is completely lucky to engage in securities." How can this person continue to rely on luck and sooner or later go bankrupt like a Ding Crab!"

Song Weiyang couldn't cry or laugh, and his name as the "god of stocks" was gradually replaced by "mainland Ding Crab".

Xu Xin was eating instant noodles and watching the show, just watching cross talk and listening to the nonsense of the two experts. Suddenly, I received a call from Liang Botao: "Xiao Xu, Song Sheng of Taurus Capital, I want to meet you one day." ”