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On April 10, 2006, after the opening of the Little Partner Cultural Plaza, the commercial housing was basically sold out. The remaining office buildings, shops, and other commercial real estate www.biquge.info are basically not for sale, and they will only be rented and not sold in the future. And because of the small partner cultural square is not only to attract mature companies to settle in, but also to provide some entrepreneurs with low rents to start their own business. Even, for some small partner companies to support music, comics, film and television, e-commerce and other entrepreneurial projects to take 3 years of rent-free support. "We encourage entrepreneurship and encourage young people to realize their dreams!" This is Wang Qinian's propaganda to the outside world. Of course, the real purpose is that the small partner cultural square needs popularity in the early stage, and even if it is rent-free for three years, some teams that have no market and no ability may use less than three years. After a year and a half, even if you don't want rent, you will fail to start a business and quit. The team that stays and continues to operate is often more likely to have stronger team execution and perseverance, and the project is likely to be more promising. At that time, the partner company may make venture capital or equity investment in these projects that are closely observed. Since mid-April, the plaza has gradually attracted more than 2,000 businesses and more than 1,000 companies of different sizes. After gradually forming popularity, the small partner group gradually began to set up a small partner venture capital company, which is funded by the annual real estate rental income, and specializes in VC or PE investment in small companies in the park. In the future, if some companies can gradually form a climate and become listed companies, then small partner companies will also benefit a lot. The real estate rental collection project eventually became a venture capital and venture capital project, which undoubtedly shows that Wang Qinian's strategic vision is relatively advanced. You won't be fooled by the current profiteering of the real estate industry. Low-cost investment in some promising projects. In the future, it will definitely be more profitable than real estate, and it will also be more supported by policies! Wait until people are doing venture capital and venture capital. Then venture capital and venture capital will also be full of bubbles! "Boss, Mr. Li of Youngor asks to see you!" The company's secretary reported to Wang Qinian. "Youngor?" Wang Qinian nodded. said, "Okay, see you!" "Youngor is the leader of the domestic garment industry, of course, what Wang Qinian appreciates the most is the vision of Li Rucheng, the boss of Youngor. After garment made the first pot of gold for Youngor, Youngor judged the situation and began to reform the company's business into a troika of clothing, real estate and investment. Needless to say, the clothing business. Although people have always said that Youngor is old, its market share has always been the first, and the layout of the upstream and downstream of the industrial chain has gradually reached the extreme. In terms of real estate, it is not surprising that Youngor has entered the market, because at this stage, real estate is a well-known windfall profit in all walks of life in China. That. It is impossible for many shrewd entrepreneurs to turn over the profiteering industry of real estate. Even if the goal is to do other industries. However, real estate creates profits, and real estate can contribute profits to other industries that want to do it. As for the investment business, Wang Qinian admires Youngor very much, and the most classic is to invest in the corporate shares of CITIC Securities, which was later successfully listed. After surviving the big bear market and ushering in the big bull market, Youngor continued to sell CITIC Securities' shares in the 06 and 07 bull markets, and in the years that followed. At least 10 billion yuan has been cashed out. At the end of the 90s, Youngor invested only 200 million yuan in CITIC Securities. But then it continued to sell and cash out. It has brought more than 10 billion yuan of investment return to YOUNGOR. As for other investments, Youngor large chunks of meat-eating projects. The list goes on. Others speculate in stocks, and Youngor specializes in selling to others. As for later, there are many companies such as Bank of Ningbo, Kingenta, Hainan Rubber, Guangbo Co., Ltd., Yike Technology and so on. Of course, in addition to venture capital to invest in original stocks, Youngor also invests in liquid stocks in the secondary market, participates in private placements and many other means. Many people accuse Youngor of not doing real estate and investment properly. But Li Rucheng is relatively indifferent: "Use the wealth accumulated in the industry to make money from real estate development and equity investment, and then use it to distribute dividends to shareholders, why not?" "Even in a bear market, the Youngor troika can guarantee good profits. Basically, the east is not bright and the west is bright, real estate and investment are temporarily sluggish, and the main clothing industry is profitable every year to provide cash flow. There is overcapacity in clothing, and real estate and investment may usher in a harvest period. Not to mention anything else, in terms of investment alone, Youngor is very handy. Moreover, the resilience is relatively strong and can survive the bear market. Every time there is a bear market, people will inevitably accuse Youngor of not doing his job, and many stocks will lose money. But they forgot that Warren Buffett's company specializing in stock speculation is the main business, and it is admired by countless people. And every time there is a bull market, people begin to complain that the listed companies invested by Youngor are crazy to make money one after another! Earn hundreds of millions a day, and the market value soars like crazy. As a result, even though Youngor continues to sell and sell in the bull market, the market value of its holdings still rises with the continuous growth of the stocks it invests in. Of course, fair evaluation, every year since Youngor went public, its performance has been far ahead of Buffett. Moreover, Warren Buffett's company does not pay dividends, while Youngor is a model of high dividends. The dividend yield is so high that it can almost be called a famous cash cow in the A-share market! "Boss Li, you can make money and earn cramps, a big bull market, CITIC Securities will definitely go crazy and skyrocket, and tens of billions of profits should be very easy!" As soon as Wang Qinian met, he smiled. "What's the matter, you're the god!" Li Rucheng didn't care, "Moreover, how can you say anything about the future?" "In 2006, the little lotus was just sharp, and the bull market had just started. People only dare to imagine more than 2,000 points, and a little more boldly predict the Shanghai Composite Index to be 3,000 points. But if you dare to predict that the future index will be 6,000 points, you will basically be regarded as crazy. And the market is so crazy, brokerage stocks are undoubtedly in this round of bull market, the most certain can have a nearly 100-fold growth in the big bull market. Of course, due to the fact that there are very few listed brokers, CITIC Securities is currently the only seedling. This has caused CITIC Securities to become one of the most rising stocks in this round of bull market. In addition, through the performance changes of CITIC Securities, people also feel that the bull market is overtaken by the whole people, and the brokerage has become the most profitable business. It's similar to a group of people going to a casino to gamble and discuss who wins and loses. But the casino is silently making money to earn hand cramps, and no matter who you win or lose, you have to pump the casino. In the current market, CITIC Securities is the most thoroughly enjoyed by this wave of bull market. Youngor is currently the second shareholder of CITIC Securities, and has indirectly become the beneficiary of this bull market. This listed company, which holds a brokerage, was later called a "brokerage shadow stock". Sometimes, the market value of the brokerage stocks held by the listed companies represented by the shadow stocks of the brokerage is actually higher than the market value of the shadow stocks themselves. So much so that buying brokerage shadow stocks is equivalent to buying a brokerage. At the same time, the assets of the shadow stocks themselves are given to you for nothing! This is equivalent to Yahoo Inc., which later became Alibaba's shadow stock. To put it simply, the market value of Alibaba's shares, which is held by Yahoo, is actually more expensive than the total market value of Yahoo itself. In other words, buying Yahoo is equivalent to buying Alibaba with the same assets, and in addition, Yahoo's other assets are given to you for nothing. This kind of market error bias makes investing in a company's shadow stocks indirectly hold a company's shares. Sometimes, it may be more cost-effective than buying the stock you want to buy directly. In 2006~2007, Youngor was a typical shadow stock of CITIC Securities. Of course, after people in the market find that CITIC Securities has soared, sooner or later they will wake up to the fact that Youngor holds a large number of shares of CITIC Securities! "I don't know, you're here, what's the matter?" Wang Qinian asked. "Nothing, it's mainly a visit to BJ City, along with the prospects of your e-commerce and entertainment industry!" Li Rucheng said, "By the way, I hope to cooperate more deeply with the partner company!" "For example?" Wang Qinian asked. "We at YOUNGOR are the strongest in the domestic garment industry chain. Raw materials, design, production, sales and so on, are considered industry leaders! Li Rucheng said, "However, I have to admit that the garment industry is becoming more and more overcapacity, and the traditional model is gradually unable to meet the consumer market." Therefore, I hope to join hands with partner companies to create film and television works to lead the trend, clothing brands to launch the same clothing, e-commerce website sales! In this regard, I suggest that the little partner, the little prince and our YOUNGOR jointly invest 1 billion yuan to establish a new company to specialize in business! Wang Qinian gave a thumbs up and said, "Okay! This proposal won my heart, and it deserves to be Boss Li! However, I am also very interested in Youngor and want to buy a little in the secondary market, what does Boss Li think? "As long as you don't want to fight for a controlling stake, feel free!" Li Rucheng looked very indifferent. "Of course, it's not a battle for control, it's just that, with the help of Youngor, share the results of the bull market!" Wang Qinian said with a smile. In fact, buying Youngor is essentially buying CITIC Securities indirectly, and it is even more cost-effective than buying CITIC Securities directly in the secondary market. In addition, Youngor still has a bunch of high-quality assets in his hands, and a lot of value is not fully reflected in the financial statements. In addition, Youngor's high dividend ratio can also allow Wang Qinian to buy without worrying. Through annual dividend returns, the principal is gradually withdrawn. Then, you can pretend to learn from Warren Buffett's long-term stake in a company. (To be continued)

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