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On May 18, 1999, five days after the bombing of the embassy, Fan arrived in New York.

Today, the Nasdaq index closed at 2,577 points, an increase of nearly 17 percent from 2,200 points at the beginning of the year, but the enthusiasm of investors has not diminished in the slightest.

In fact, due to the impact of the European Union's development of Kosovo and the impact of the economic crisis in Southeast Asia, the hot money in these two places began to continue to flow to the US market, thus causing the US stock market to surge hot money, in a short period of time, as a high-tech stock gathering of the NASDAQ market, gathered trillions of dollars of financial speculation and investment capital, and the current total market value of the NASDAQ market has exceeded 3 trillion US dollars.

"What is the driving force behind a sustained market upswing?" Song Yuanping said to Fan Wuxi, "It may be the profit growth of listed companies, the inflation of money, the relationship between supply and demand such as the supply of money, the liquidity changes, the investment concept changes, or a large amount of money enters the stock market, or the value of cyclical fluctuations returns, or the group enters madness." Looking at the current situation on the NASDAQ, I think the main thing is the influx of hot money and the madness of the crowd. ”

Fan Wuxi nodded and smiled slightly, holding the coffee cup in front of him and slowly turning it on the table.

Fan's Investment Group's head office in New York. It is located on the top floor of a 70-storey commercial building about a kilometer away from the World Trade Tower, standing in front of the floor-to-ceiling windows, you can clearly see the situation opposite, but compared with the World Trade Center Gemini, although this building is also a nearby high-rise building, it is still inferior to more than a notch.

The World Trade Center is a famous architectural artist. One of Yamasatchi's most important masterpieces, it covers an area of 16 acres and is made up of seven buildings, of which the Twin Towers are two identical-looking, 110-storey twin towers with a height of about 412 meters.

The main business of the center is to control access and access. It is responsible for the development of international trade in the United States, accounting for 15 percent of the import and export trade of the United States. In addition to trading companies, there are also public and private organizations such as transportation companies, communication agencies, banks, insurance companies, and customs, and all activities related to trade and harbor are concentrated here, and there are about 1,200 enterprises in the center, with more than 50,000 employees and 80,000 visitors every day.

There are twenty more in the world's premier high-rise buildings. Two restaurants, cafes and fast-food bars, as well as three major stops, the most famous of which is the World Restaurant, which is at the same height as the observation deck, offers panoramic views of Manhattan.

Seeing Fan Wuxian smiling and looking at the World Trade Building opposite, Song Yuanping. He smiled and said, "Originally, I still felt a little strange, why didn't such a big company as Fan's Investment Group settle in the World Trade Center?" But when I think about it, I am relieved, when I get there, I will definitely not be able to occupy the top floor, it is estimated that Fan is always unwilling to be stepped on by others, right? ”

"Haha, there is some truth in your opinion, but it is not the point, if you want to know why, wait two years to see this place." Fan Wuxian laughed and said to Song Yuanping.

Song Yuanping listened to Fan. If there is no disease, I feel a little inexplicable, and I can't help but take a look at the twin buildings opposite, and I don't feel that there are any signs of feng shui on the opposite side? Why did Fan Wuxian say so firmly that he would wait for two years and then watch it? Listening to his words, it seems that the feng shui of the Twin Towers will come to an end in two years, which is really strange.

To say that the building where Fan's Investment Group is now located is also good, the environment here is good, the scenery is good, the only drawback is that the limelight of the Twin Towers is too strong, obscuring the brilliance of other buildings, if it can be demolished there, the effect will be completely different.

"By the way, how much money have you cashed out so far?" Fan Wuxi asked casually.

In the room, in addition to Song Yuanping, there were also several executives of the company based in New York, and someone replied when they heard this, "Including the investment in the NASDAQ market, the current cash-out funds have exceeded 500 billion US dollars, you must know that the original part of the investment was only more than 40 billion, which can be said to be rich, and the remaining more than 300 billion US dollars are planned to be gradually cashed out within half a year." ”

Fan Wuxian nodded, and said in his heart that in half a year, this part of the capital will probably grow to 600 billion US dollars, and if you gradually cash out, you will probably be able to get back about 500 billion.

In fact, when Fan Wuxian left the United States, he didn't have so much money, but after a few speculations, the funds snowballed and got bigger and bigger, so that he has today's scale, counting his investment in various real estate resources and mineral resources around the world, and his assets distributed in other regions are about 200 billion or so, which means that the total assets after cashing out can now exceed 1.2 trillion US dollars.

This achievement is indeed worth being proud of, in comparison, Bill Gates's assets with a lot of moisture have just exceeded $80 billion at this time, and when they reach the highest next year, they will probably be able to break through the $100 billion mark, which is already his richest time, and he has never surpassed this time.

The so-called richest man in the world, when he was the richest, was not even one-tenth of Fan Wuzhi's assets.

"What instructions does Mr. Fan have for the development after the withdrawal of funds?" Everyone is very interested in Fan Wuxi's later layout, after all, the decision of a super-rich man can often change the world economic pattern.

Fan Wuxian touched his nose, and then said, "For the time being, it is mainly to invest in mineral resources in various places, whether it is non-ferrous metals, oil and gas, or coal and iron resources, we need to invest in a large amount, and the investment limit in this area is limited to 500 billion US dollars, which can roughly reach this level, this is a means of long-term profit, safe and secure, and much more stable than the stock market." ”

Although it is not far-sighted, but the increasing scarcity of mineral resources is certain, coupled with the fact that everyone's attention is now focused on the stock market and high-tech enterprises, and the hot money has arrived in the United States, it is extremely far-sighted to go to the bottom of the mineral resources market now, and when everyone reacts, it will be unprofitable.

In fact, Fan Wuxian invested in Australian iron ore with this thought.

There are a lot of mineral resources around the world, and there is a lot of money that needs to be invested, but the profits are huge, and the value-added space is very large, which is the best way to increase value and preserve value.

"In addition to the mineral resources market, I think the telecommunications industry is also worth investing in." Song Yuanping said to Fan Wuxian, "Although the telecommunications industry in developed countries has matured, whether it is domestic or some developing countries, the telecommunications industry is still running at a low level. ”

For Song Yuanping's proposal, Fan Wuxian is very sure, in fact, he prefers to invest in the Russian telecommunications industry and the Mexican telecommunications industry, the evidence of the future of these two countries is relatively stable, and as Song Yuanping said, their telecommunications industry is about to enter an era of stable development, and the market prospects are excellent.

But there are also some problems here, that is, how to deal with the Russian market, that is necessary to negotiate with the ruling party of the highest authority, Fan Wuxian thought of this, he felt that while Yeltsin was visiting China, he should rush back in time to meet the Russian president who was about to retire from illness, and then take time to get close to Putin and discuss this matter.

Russia is now also in a critical moment that needs to introduce a large amount of foreign capital for development, and if it is a big financier in the past, I believe it will be very popular, after all, the attitude of the international community towards Russia is relatively repressive, and if they want to get investment from the West, they need to pay a greater price, far from cooperating with themselves.

After all, it is best to speculate on the concept of China's network portal at this time, and it is difficult to reach today's level if it is listed at any time, and at this time it is listed, you can sell it between the bursting of the bubble of Internet stocks, and after the bubble bursts, you can repurchase shares when the stock price runs at a low level, which is the most suitable.

If a company wants to be listed on the NASDAQ small capital market, it can apply for listing with the SEC and NASDR in the United States as long as it meets three conditions and one principle.

The prerequisite is that the company is engaged in biochemical, biotechnology, pharmaceutical, technology (hardware, software, semiconductor, network and communication equipment), franchise, manufacturing and retail chain services, etc., with an economic activity period of more than one year, and has high growth and high development potential.

The second is that the net value of tangible assets is more than $5 million, or the pre-tax net profit in the most recent year is more than $750,000, or the pre-tax income in two of the last three years is more than $750,000, or the market value of the company's capital is more than $50 million.

In addition, after the SEC and NASDR review is passed, there must be more than 300 public shares, and a holding company can be established abroad, and the original shareholders must be more than 300 people to be listed, the so-called public shareholding according to the SEC manual, the number of shares held by public shareholders needs to be more than the whole share, and the whole stock in the United States is the basic circulating unit of 100 shares.

As for one principle, it is the principle of good faith. There is a popular slang saying on NASDAQ, Any company can be listed, but time ill tell the tale. Translated to this, any company can go public, but time will tell. This means that as long as the applicant company adheres to the principle of good faith, it is a matter of time before it is listed, but time and integrity will determine everything.

The NASDAQ market in the United States is divided into two markets, one is called the national market and the other is called the small capital market. The national market is divided into two types of enterprises, one is profitable enterprises and the other is non-profitable enterprises.

As far as the national market is concerned, the net asset value of profitable enterprises is required to be more than US$4 million, and the net asset value of non-profitable enterprises is required to be more than US$12 million. After-tax profit requires a profitable enterprise to have a net income of US$400,000 in the latest financial year or two fiscal years in the previous three years, and there is no net income requirement for a non-profitable enterprise.

With regard to the public shareholding, no matter what market a company is listed in, the public shareholding must be considered, and generally the public shareholding should be more than one-quarter according to international practice.

Without sufficient public float, there will be no good liquidity, and the market price will be low. When the market price is low, no company will be willing to issue shares in your market or will be able to issue shares. If so, you can't take advantage of this market.

Of course, the domestic "Securities Law" stipulates that the listing of an enterprise must first meet the record of three consecutive years of profit and the total share capital of 50 million shares. For an entrepreneurial company, it is difficult to meet the first two conditions. That's why everyone has to think about listing on the NASDAQ, which is the reason, relatively speaking, the listing conditions over there are much more relaxed.

The institutional defects and accumulated shortcomings in Chinese mainland's capital market have persisted for many years, which not only dampened the financing function of the main board market, but also curbed the survival and development of innovative small and medium-sized enterprises, and became the biggest bottleneck in the integration of high-tech enterprises and social capital in the mainland.

High-tech enterprises have their own financing characteristics, although the United States Nasdaq has set a model for it, but the domestic high-level has always had doubts about this, which makes the launch of the domestic gem has been a thunderous rain without a drop.

This year, the NASDAQ market is in full swing, and the myth of a large number of wealthy upstarts such as Microsoft and Yahoo has come out, and Hong Kong, which is across the river from Shenzhen, is also in full swing to prepare for the official launch of the GEM at the end of the year.

Not long ago, the State Council promulgated the "Decision on Strengthening Technological Innovation, Developing High Technology, and Realizing Industrialization," stating that it would cultivate a capital market conducive to the development of high-tech industries, give priority to supporting qualified high-tech enterprises to enter the domestic and international capital markets, and set up special high-tech sections on the current Shanghai and Shenzhen stock exchanges at an appropriate time.

The State Council's decision is seen as a landmark start for the mainland's GEM brewing, and although the Shenzhen Stock Exchange and academics have discussed it several times before, the launch of the GEM is still far away.

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