Fangta Mining took advantage of the opportunity of the worldwide economic depression and the decline in the price of mineral resources after the Southeast Asian financial crisis, and has won a number of iron ore, copper ore and other mineral resources in Australia, South America and Africa. In addition, it has also acquired several large ocean-going ore carriers from several bankrupt shipowners and entered the field of ore transportation.

At present, Fangta Mining is still in the initial stage of expansion, focusing on integration and layout, but in Bao Feiyang's plan, the existence of Fangta Mining is very important, because in a few years, Huaxia will enter the stage of prospecting for ore and oil all over the world.

These enterprises have hired professional managers, have a good governance structure and various institutional arrangements, and do not need Bao Feiyang to spend too much effort on them. Meng Shuang is now mainly working in Fangxia New Materials. This time, Fangxia New Materials wants to establish a technology center in Pujiang, which is in charge of Meng Shuang. After the completion of the technology center, Meng Shuang will also be stationed in Pujiang and serve as the person in charge of this technology center.

In addition, Meng Shuang is also a director of Fangta Mining and Sugar Cube, responsible for coordinating the company's business layout in Pujiang.

Bao Feiyang is naturally very happy about the arrangement that Meng Shuang will be stationed in Pujiang in the future, which means that he will not always have to live the life of a bachelor in the future.

"After the listing of Fangxia ceramics, now the funds in hand are sufficient, in addition to further expanding the scale of production, looking for suitable objects for mergers and acquisitions, continue to improve the product line and market layout, in research and development has also increased efforts, especially in the application of new technologies and the development of new products, the group technology center is also intended to transfer part of the technology and research and development capabilities to Fangxia ceramics, the technology center or focus on more basic and forward-looking technology research and development ......"

Meng Shuang slowly told Bao Feiyang about some of the group's current arrangements, Fangxia Ceramics is now a listed company, but Fangxia Group controls more than 60% of the shares, and Fangxia Ceramics has absolute control.

But even so, Fangxia Ceramics is now a public company, in strict accordance with the requirements of the Xingang stock market, subject to the supervision of the Xingang Securities Regulatory Commission and shareholders. Fangxia ceramics has also established a set of scientific governance structure, Bao Feiyang through Bao Wenying, and Bao Wenying through the audit, financial and investment personnel of the foundation under his name, to control the operation of Fangxia ceramics, and Fangxia ceramics itself, also has a well-known excellent management team in the industry.

Fangxia Group Technology Center will transfer part of its technology and research strength to Fangxia Ceramics, itself is more focused on the research and development of basic technology and forward-looking technology, which will not affect the R & D strength of Fangxia Group Technology Center, but can make more effective use of the resources of the Technology Center.

Fangxia Group's technology center mainly focuses on the research of new materials, and the research results are usually handed over to new material companies for incubation and commercialization, and the results are remarkable.

Meng Shuang has now been freed from specific R&D work, although Meng Shuang also has the ability, but compared with the big bulls gathered in the R&D center, she is still inferior. Meng Shuang is now mainly responsible for management work, such as attracting and recruiting more talent to join Fangxia Group, as well as finding high-quality resources to invest.

"Fang Xia still has to focus on the research of new materials, and there is a lot of space and potential in this area!" Bao Feiyang said: "Of course, when the conditions are right, some resources can be allocated to conduct research in other aspects, such as chips, electronics, electromechanicals and so on." ”

Starting from ceramic materials, Fangxia Technology Center has spread its R&D tentacles to many fields. For example, in the chip area, Fangxia Technology Center has invested a lot of resources in the research and development of electronic-grade polysilicon materials, and has mastered the world's leading polysilicon production technology through forward-looking technology development and acquisitions, and has begun to provide polysilicon materials to semiconductor giants such as Intel.

On the basis of becoming a supplier of semiconductor polysilicon materials, the Fangxia Technology Center has already started to study the further processing of polysilicon, that is, wafer production technology. However, the technology and equipment of wafer manufacturing Western countries have imposed an embargo on Huaxia, and although Fangxia Technology Center has made a breakthrough in the laboratory and mastered more advanced manufacturing technology, there is no way to transform the technology without advanced wafer manufacturing equipment such as etching.

Bao Feiyang is considering taking out the relevant technology, and then joining forces with Chinese consortiums such as Tangsheng Group to set up a company that does not seem to have a Chinese capital background on the surface to manufacture wafers in Southeast Asia, in order to break the technological blockade of Western countries. In addition, he also began to consider entering the equipment manufacturing industry, but his energy is limited, and Fangxia Group has a lot to do, and there is no guarantee that he will be able to succeed in this area.

"We've laid it out in this area!"

Meng Shuang said: "In addition, the funds from the sugar investment side are almost in place, and they have invested in several electronic and network companies in advance......

Bao Feiyang made a lot of money in the Mexican financial crisis a few years ago, and then cooperated with the Tang family to buy Tucker Oil, and in the past few years, he has accumulated a lot of money overseas, and Bao Feiyang has also made a lot of money during the Asian financial crisis two years ago. However, on the surface, this money has nothing to do with Tucker Oil, the Tang family, and Fang Xia, Soros's reputation in the world has long been stinky, and Tucker, Tang Sheng, and Fang Xia still have to pay attention to their own goodwill.

With the influence of the Tang family among the Chinese in the Americas, it was not easy to wash the money without leaving any traces, so after pouring it a few times, Bao Feiyang used the funds to set up a sugar cube fund and entered the field of venture capital.

At the end of the 90s and the beginning of the 20th century, it was the time when the IT industry was in the ascendant and the Internet industry was surging. For example, at this time, the most popular is Microsoft, a company famous for its operating system, as well as portals such as Yahoo and AOL, Yahoo's market value has reached 100 billion US dollars, AOL's market value has reached 169.6 billion US dollars, and Microsoft's market value has reached 600 billion US dollars, while a year ago, Microsoft's market value was only 300 billion US dollars, which has doubled in just one year.

In fact, as early as after the Mexican financial crisis, Bao Feiyang began to invest in U.S. stocks with the dollars in his hand, which can be called the golden age of U.S. stocks and technology stocks. At that time, Microsoft's market value was only 10 billion, Bao Feiyang took out hundreds of millions of dollars to invest in Microsoft, and in 95 years Microsoft launched the Windows 95 operating system, which triggered a revolution in the PC operating system and began to unify the PC operating system, Microsoft's stock price also began to soar, and the market value exceeded 50 billion in 95 years, and then basically doubled every year. The market value reached $92 billion in '96, and for the first time in '97, it exceeded $100 billion, reaching $155.9 billion, and in '98 it became the company with the highest market value in the United States, with a market value of $345.8 billion. Bao Feiyang's original return on investment in Microsoft was more than 15 times, and in the process, Bao Feiyang bought Microsoft shares one after another, although the price of the later purchase was higher than the initial investment, but the overall return still reached about 10 times, which is a miracle.

In addition to Microsoft, the market value of technology stocks and Internet stocks such as AOL, Yahoo, and Cisco has also soared, and Bao Feiyang's investment has also gained a lot.

"The momentum of Internet stocks is still very good today, but the bubble of Internet stocks is also getting bigger and bigger, and by the end of this year at the latest, we will gradually sell our Internet stocks and technology stocks......" Bao Feiyang said.

Previously, Internet stocks have been soaring, and the industry has begun to mention the bubble problem of Internet stocks, but the market is blind, even if there are many people of insight who have analyzed and warned about the bubble of Internet stocks, but the market of Internet stocks has not been affected, and it is still soaring.

However, this situation is like flowers and flames, and it looks very lively, but it is not destined to last. Historically, since the beginning of the new century, the bubble of Internet stocks has burst, and the stock prices of many Internet companies have plummeted. In 2000, Microsoft's market value fell by two-thirds, from more than 600 billion to more than 200 billion.

Bao Feiyang has already made plans, and by the end of the year, the stock prices of this wave of Internet stocks and technology stocks have basically peaked, and he will find opportunities to empty most of his investments in advance, and then invest in other projects after getting the money. For example, additional investment in Google, which has been established for less than three years, and Apple, which has just welcomed back Jobs and is still at a low point, and Baidu, Alibaba, and Tencent in China are also in urgent need of investment at this time.

Meng Shuang nodded and said, "Well, everyone also thinks that the rise of technology stocks this year is too crazy! But for a company like Microsoft, do all the stocks have to be cleared?"

Bao Feiyang said: "Economic development is like this, there is a cycle. The new economy represents the future, and the investment assessment of the new economy is completely different from that of traditional industries. Although this round of rally is coming to an end, and a lot of bubbles have accumulated in the previous rally, the future of the new economy is still bright. ”

"For a company like Microsoft, the future prospects are still promising, but now it has basically risen to the top, and it is the most cost-effective to sell now. ”

In Bao Feiyang's memory, Microsoft's market value will be cut in half next year after it exceeds 600 billion this year. However, unlike other Internet companies, Microsoft's main business is still very reliable, so their market value will recover somewhat, reaching more than 300 billion, but it was not until more than ten years later, until 2017, that Microsoft's market value returned to 600 billion again, reaching more than 700 billion at the peak.