Fang Hong took the list of materials with his hand.

The first thing in the material report was that the project company jointly established by Qunxing Capital and Huayang Group won the land in the northern suburbs of the new city.

The cost of acquiring land is almost negligible.

In order to plan out the entire huge high-tech industrial park in the barren land in the northern suburbs of the new city, the overall investment amount required is estimated to be 22.7 billion, and it is definitely impossible to come up with so much money for this project.

Or do it with leverage.

Huayang Group and Qunxing Capital jointly established a project company, pledged 100% of the project company to the bank to replace 10.5 billion funds, Qunxing Capital actually contributed 20 billion, Huayang Capital contributed 1.5 billion, and then the two companies together were 3.5 billion, and the remaining 8.7 billion was raised as a private equity fund.

At the same time, the 3.5 billion yuan of Qunxing Capital and Huayang Group is used as inferior funds, that is, if the project loses money, it will lose Huayang and Qunxing's money first, so as to close the remaining 8.7 billion funding gap.

The money was raised from the private sector through private equity funds, and Qunxing and Huayang were inferior, and the loss of money was the first to lose to this company, and the risk of other investors was further reduced, so they were willing to invest money.

In this way, for this huge high-tech industrial park planning project, Huayang Group and Qunxing Capital actually spent a total of 3.5 billion yuan to leverage 22.7 billion yuan, that is, about 5.5 times the leveraged funds.

……

Fang Hong turned to look at the second thing in the material report, which was related to Yixing Media Group.

It is mainly the integration of resources in the theater chain, and it has officially started to carry out mergers and acquisitions, integration and reorganization at full capacity.

It is worth mentioning that the layout of Yixing Media is still playing with leveraged capital operation, and Fang Hong's strategy is to try not to use his own money if he can use other people's money, so it is also similar to the idea of planning projects in high-tech industrial parks.

The same is to package the project, set up a shell company, and then pledge it to the bank to replace the cash flow.

As for why a shell company can generate cash flow from financial institutions, other financial institutions recognize not the shell company, but the Qunxing capital behind the shell company.

After the company has assessed a value, it will pledge 100% of its equity to a financial institution, and it will be able to set up about 45% of the company's valuation.

For example, with a valuation of 1000000000000000000000000000000000000000000000000000000000000000000

And then it's still the same way to play, Qunxing Capital invests a sum of money, and then pulls a group of younger brothers to raise a sum of money for the entire private equity fund, and the money invested by Qunxing Capital is used as inferior funds, or the big brother is inferior, and the younger brother is the first to play.

In case the project loses money, the eldest brother loses it first, that is, it loses the stars first, so as to attract a group of younger brothers to follow the investment.

All the funds required for the project are thus gathered, and the real money actually paid by Qunxing Capital only accounts for about 15% of the entire project funds, leveraging more than five times the leveraged funds.

The key point of this game is to ensure that the cash flow turnover of the parent company, that is, Qunxing Capital, cannot have problems, and to put it bluntly, as the eldest brother, Qunxing Capital must be able to get money at any time when it encounters anything, and there can be no credit default.

Because of this, Fang Hong wants Qunxing Capital to always have 7 billion cash reserves lying on his account, which is to tell the younger brothers that the eldest brother has a lot of money in his pocket, and the eldest brother is inferior to your younger brother first, don't panic, don't panic.

If the eldest brother eats a mouthful of meat, the younger brothers are indispensable to drink a mouthful of soup.

What if the younger brother wants to secretly do a due diligence and check the bottom of the eldest brother?

The real bottom is basically impossible to find, even if Fang Hong wants to fully understand the bottom of a company, it is difficult to check the bottom of a company and let Hua Yu do due diligence, such as hidden debts, when the company is fine, outsiders will never know that there is this hidden debt, but if something really happens to the company, it will make a shining debut.

What's more, Qunxing Capital is not a listed company, and the information of many companies does not need to be disclosed to the outside world, and Fang Hong does not plan to let Qunxing go public at all, but when the time comes, it will be enough to let the subsidiaries and even grandchildren go public one by one.

Therefore, there is a real cash flow lying on the account of Qunxing Capital, and the real money is placed there, and what the partners can see is the most reassuring.

Confidence is a delicate thing.

It is worth mentioning that Huayang Group, which has decided to run all the way in commercial real estate, is now following Qunxing Capital to play similar capital operations.

It's nothing more than daring or not, whether you dare to play like this.

Huayang Real Estate's new strategy is now summarized in four words: "two highs and two fast", namely: high turnover, high debt, fast sales, and fast land acquisition.

Leverage also flies up, but at the same time expansion also flies.

……

In the main living room of the villa, Fang Hong closed it after browsing the materials and documents, looked at Hua Yu's assistant and said, "You go back and say hello to Brother Hua by the way, and find me a shrewd and capable private secretary assistant as soon as possible, and just hand over similar work to her in the future." ”

As the plate of Qunxing Capital gets bigger and bigger, there will be more and more things in the future, and it is time to arrange an assistant.

Hua Yu's assistant immediately nodded and said, "Okay." ”

After a few more words, Hua Yu's assistant also said goodbye and left, and Fang Hong also got up and left the living room, putting the material in the study safe.

……

In the past few days of holidays, there have been three important news in the market, the first is that the State Council has adjusted the proportion of funds for fixed asset investment projects, the second is that the village chief said that he will gradually improve the pricing and issuance mechanism of new shares, and the third is that the village has issued the "Regulations on the Classification and Supervision of Securities Companies", highlighting the comprehensive risk evaluation.

In the past few days of holidays, the overall good news of the market is mostly good, the big A is closed because of the holidays, the peripheral market is open as usual, the US stock market has rebounded for two consecutive days, and the internal and external market environment is good.

Returning after the holiday on June 1, the A-share market directly opened sharply higher, and the Shanghai Composite Index opened directly at 2668.40 points today with a gap of +1.35%, which made the shareholders who were short for the holiday to step short, which was more uncomfortable than losing money.

Fang Hong is full of holdings for the holiday, not only holding stocks down to 14 stocks, but also 7 large-cap blue-chip stocks, and holding 5 small-cap stocks or ST sector tickets.

But don't look at the 7 tickets accounting for half of the number of held stocks, in fact, there are a total of 60 million funds, and these small tickets only account for about 0.65% of the total position.

Among them, the small ticket of Shandong Juli, which is a demon, also accounts for 30 million funds, and the remaining 6 ST tickets account for 30 million funds.

There were still two minutes left to open the market, and Fang Hong said to the maid sister Yin Fulei: "Sell the tickets of the four STs directly, and then immediately increase the position to the stock of Amethystum Mining." ”

This ticket has been bought for 150 million yuan before the holiday, which is the second largest holding stock at present, second only to Hitong Securities' 180 million.

The 6 ST shares held by the company are all +5% one-word limit today, and Yin Fulei began to place orders before the market opened, and shipped directly at the down limit price.

At 9:30, these six ST shares failed to hold up for half a minute on the daily limit board and exploded, Fang Hong's institutional account held millions of them, but it was also a proper big single smashing for these tickets.

These tickets successfully changed hands and withdrew within one minute of the opening, and they were basically traded on the board, with almost 31.5 million in interest.

Yin Fulei immediately added all the 31.5 million to Amethystum Mining in accordance with Fang Hong's instructions, and the ticket opened 1.83% higher at a share price of 8.73 yuan today, and the opening quickly rose and traded more than 114 million in one minute, an increase of +2.68%.

The maid girl's pending order of 31.5 million was also traded in the first minute of the opening, Fang Hongjin's ticket is because there is an expectation of a daily limit today, and the 30 million funds in the ST sector are only 5 percentage points high, but the amethystum mining daily limit is 10 percentage points high, and the opening is only 2 percentage points higher, which can earn 1 times more profit.

After a while, the maid girl sitting on the trading console turned her head to look at Fang Hong at the main console and asked, "It's all traded, do you want to operate other stocks?" ”

Fang Hong stared at his screen motionless and replied, "That's all for today's operation, you can go about your own business." ”

As he spoke, Fang Hong took a screenshot of the position list of the institutional account, and then switched the screen to log in to his Weibo account.

Since announcing on Weibo that he will turn into an institutional investor, many fans think that they will not see K God appear on the Dragon and Tiger List in the future, and even if they do, they can't help but come out, and many fans express regret.

Although it has not been closed, the frequency of visiting Weibo in the past few days has obviously decreased a lot compared to before.

For ordinary small retail investors, they will definitely not be able to see it on the Dragon and Tiger list in the future, and even if they do, they will not be recognized as "institution-only" seats.

Never mind!

If you can't see it on the Dragon and Tiger list, then it's more exciting, Fang Hong decided to post Weibo on the plate from time to time, anyway, the statement is just a personal sharing operation, and it does not constitute any investment advice, so you do it at your own risk.

As for whether to follow the trend or not, that's the retail investor's own business.

……