Chapter 220: Billion Dollar Investment, Return Home
The office of N about Xinghai Investment Company is located on the 12th floor of the Fairness Building, No. 10 Wall Street, adjacent to the N Stock Exchange, and it is two or three hundred meters to the south.
Originally built in 1915, the Fair Building has been one of the important landmarks in the financial world over the past few decades. Many well-known investment banks, insurance companies, and financial companies have offices here, such as Goldman Sachs, Morgan Stanley, Citigroup, etc.
Rents for nearby office buildings are very expensive, with Fang Bai renting more than 300 square meters for an annual rent of $450,000, or about $150 per square foot.
However, in the global office leasing market, it is the port city that ranks first in the world, and N can only rank second, and the average rent level is only more than half of the port city.
Xinghai Investment Company only occupies an area of one floor, but it is enough to use it, enough to accommodate dozens of employees, and there are not so many employees.
This Wall Street, which is only more than 500 meters long and 11 meters wide, has 100,000 people engaged in finance, and as long as the salary is good, it is very easy to recruit people.
On the fifth day after the company was founded, Fang Bai recruited the right staff, including a fund manager, two traders, a lawyer, an accountant, a cashier and an appraisal analyst.
For just 7 people, the annual salary expenditure needs to be $1.8 million, not including performance incentives.
In the early 90s, the median income in ugly countries could reach more than $50,000, and thirty years later, the median income was only $68,000, a modest increase.
The world's financial elite is concentrated in Manhattan, and graduates of Ivy League finance-related majors can receive a salary of $100,000 in the first year.
Of course, there is also a high level of consumption and renting.
Among the salaries paid by Fang Bai, fund managers have an annual salary of $600,000, traders and analysts are more than $200,000, other personnel are more than $100,000, and the lowest salary cashier is only more than $80,000.
The company's tasks are not large, there are no projects that need to be operated frequently, and 7 employees are enough at present, and the personnel will be increased according to the business situation in the future.
After recruiting employees, Fang Bai issued a task, and at the same time personally went to run the business to raise funds.
He didn't want to waste five places a day to increase his favorability.
First of all, the investment institution of his building, as long as it is on a large scale, Fang Bai will visit the high-level on the grounds of cooperation.
The fund manager's name is Hank Simmons, a master's degree in economics from Columbia University, eight years of practical experience, and three years as a fund manager, but the performance is average, the main reason is too stable.
Fang Bai likes this kind of obedient and impulsive subordinates, as long as he can perform his tasks seriously, he doesn't need to have many outstanding achievements.
The salary requirements of fund managers who are too good are too high, millions of dollars a year, or even tens of millions of dollars, in addition to this, they also require the autonomy of funds, which is impossible for Fang Bai to agree.
Before 2000, as long as the blind investment held those three stocks for a long time, it was a sure profit.
At present, the company has only received more than 20 million US dollars in investment funds, all of which are smashed in three stocks.
Simmons was familiar with some financial institutions on Wall Street, and Fang Bai went with him to run the business.
At the beginning, Simmons felt that it was difficult to get funds, even if the company offered capital protection + guaranteed 20% annualized return, because most financial companies could not trust a newly established and unrenowned company.
However, from day one, the boss pulled two sums of money, totaling more than $10 million, which made Simmons feel incredible.
In the next 30 days, there was a harvest every day, and the less one day could pull seven or eight million dollars, and the more one day could reach seven or eight million dollars.
Until the company's assets under management reached $1 billion, the boss stopped running.
What Simmons didn't understand was that the $1 billion target was only three stocks, and in the end, the company held almost a Cisco shareholder.
"I have to go back to China, there are still companies in the country to deal with, I will not arrange any more tasks for you, if you can get the funds, still put the funds into those three stocks, this can be counted as your performance."
I intend to hold these three stocks for a long time, and I am not allowed to sell them without my permission, nor am I allowed to invest the funds I have pulled into other projects. Fang Bai solemnly explained to Simmons, "Your only job is to maintain customer relationships, count the data of the three stocks every quarter, report to me regularly, and report to customers at the end of the year to report performance and dividends."
You can go on vacation or work from home, but you have to have someone on duty to answer customer calls.
In addition, there are five million dollars that have not been invested, you can do whatever you want, do whatever you want to make money, and your team can take one-third of the profits, and count the losses of the company, but you have to set aside at least one million dollars for annual expenses, and the weekly salary will be paid from it. ”
“……”
Simmons didn't know what to say, he was busy for more than a month, and then he was completely idle and had nothing to do.
He admires the boss's communication skills very much, and he can get it after a few chats with the heads of various financial institutions.
It's amazing!
At the same time, the boss took him to run the business together, and he also met many financial tycoons.
It is precisely because of this that his favorability towards Fang Bai has reached a level of 90 worship.
"Please rest assured, boss, I will strictly follow the orders you give. I also have a question, if we use five million dollars and make more, such as rising to ten million dollars, is there a limit to the operation permissions. ”
"As long as you have the ability, you can operate it independently if you earn 100 million, but you can't use other funds to make up the position.
In short, the funds raised in the name of the company can only be used to invest in those three stocks. The performance reward you can get every year depends on how many shares you can get. Fang Bai said seriously, if there was nothing urgent, he would not come to Chouguo again, and he asked that every six months, the people of this team would go to Huaguo to report to him.
The fund manager needs to report to him every quarter.
Only face-to-face, Fang Bai can know what these people have done, and can also ensure their loyalty, and there is no need to keep people in the company at all.
Leave five million dollars for them to operate, just let them not be too idle, and earn their wages back if they have the ability, mainly to maintain customer relationships.
Fang Bai ran business for more than 30 days and met hundreds of elite investors on Wall Street, including fund managers, company directors, and bankers, including senior executives of large companies such as Goldman Sachs, Morgan Stanley, and Citigroup.
It can be said that Fang Bai has gained a lot of money, and when there are companies that need to be financed and listed, just go directly to these investment companies.
It was also during this time that Xinghai Investment Company became well-known on Wall Street and was no longer obscure.
Fang Bai's connections have also skyrocketed by more than a hundred, reaching 290, which is not much worse than the 320 required for promotion.
If it weren't for the fact that he had been away from China for too long, it had been more than 40 days, and the company had urgent matters waiting for him to go back to deal with, otherwise he really wanted to stay for the longest stay of the business visa.
"Okay, I see." Simmons nodded solemnly, he still wanted to use his authority to make more money, at least enough to earn the team's salary, so that he could continue to work and be more down-to-earth.
As for the reward, it depends on the income of the three stocks, and it also depends on whether the boss is generous enough.
After Fang Bai explained to Simmons, he called the other employees to have a small meeting to arrange work.
At present, the number of employees in the company has reached 10, and later increased by 3, mainly to ensure the safety of funds.
The company has a strict system for the use of funds, and the country has relatively sound financial-related laws, and it is impossible to embezzle funds by relying on one or two people alone, and important accounts are personally controlled by Fang Bai.
When the employees heard Fang Bai's easy task, everyone was very excited and wanted to call.
The salary is still paid, you can do whatever you want, as long as you do the basic work well, there is no mandatory performance work, and there is a week trip to the birch country every six months.
If you want to make more money, it depends on how the manager Simmons arranges.
Stay away from other countries and don't toss him around is a good employee.
Fang Bai finished arranging and left the company.
The next day, we flew from N to Los Angeles and then to Shencheng.
Qin Shuyu knew that Fang Bai had returned to China, and according to the flight time, he would arrive at about nine o'clock in the evening, and he was dressed up beautifully today, and he was waiting at the airport in the afternoon.
Sitting in the waiting room, his eyes are full of tenderness and expectation, always casually looking at the watch time, occasionally looking at the couple's photos in his wallet, reminiscing about their good times together.
The thoughts were like a tide, so I called Fang Bai.
It is very troublesome to connect the transoceanic telephone, and Qin Shuyu calls once every weekend.
When it was almost nine o'clock, her eyes were fixed on every plane above the airport, and it was Fang Bai's one that she hoped to land.
Of course, there are more worries about his safety, as long as people arrive safely.
The people who came to pick up Fang Bai today, in addition to her and the two female bodyguards, as well as Wang Dakai and Li Xiaolong, drove three cars.
At nine o'clock in the evening of April 1, Fang Bai arrived at Shencheng International Airport.
After coming out, less than two minutes after turning on the phone, the phone rang, it was Qin Shuyu's call.
"Shu Yu, it's here, it's here, just got off the plane, don't worry!"
Fang Bai walked as he spoke, and two subordinates helped him pull the suitcase.
More than ten minutes later, as soon as Fang Bai arrived at the exit, he saw Qin Shuyu stretching his neck in the crowd from a distance.
Qin Shuyu also saw him, then jumped up and waved his hand, he couldn't wait to trot over, his big skirt fluttered with it, and then hugged Fang Bai tightly, his eyes moistened after a while.
The surrounding travelers looked at this pair of talented women and were very envious.
There are many people who are so excited like them at the scene, some people stay abroad for a longer time, and they can't help crying after seeing their families, and there is even a young man who has returned to China, kissing the earth and cheering excitedly: "It's been five years, Huaguo, I'm back!" ”
In these years, it is difficult to go abroad, and it is also difficult to return to China.
Especially the loneliness of a foreign country is too torturous.
"Alright, let's go home." Fang Bai patted Qin Shuyu on the back before she let go of her hug and turned to hug his arm.
The group went to the airport parking lot and went to a Chinese restaurant for a supper before returning to their accommodation.
At night, Qin Shuyu took the initiative to beg, and Fang Bai tossed for an hour or two before she was satisfied.
The next day, Fang Bai gave himself a day off, accompanied Qin Shuyu, and also rested.
On April 3, he went to a tech company.
After Li Xiaoyu, the general manager, saw the boss come back, he first reported to him.
The VCD production, which Fang Bai has been paying attention to, currently has more than 500,000 units in stock, and it is estimated that it will only take two months to reach one million units.
An electronics factory in Yuecheng manufactured a prototype of a miniature servo motor optimized by Fang Bai, and after Fang Bai checked more than a dozen prototypes, he barely met his requirements, which can solve the worries of micro servo motors.
The micro servo motor is not worth anything, the import is only three dollars, just afraid of getting stuck in the neck, Fang Bai did not plan to produce it himself, so after applying for a patent for the design drawings, he threw them to the cooperative manufacturer to see if he could manufacture them in large quantities.
In the chairman's office, Fang Bai explained to the general manager Li Xiaoyu: "Mr. Li, if they can stabilize production, we can hand over the order to the other party's OEM, first take a small batch of 10,000 to see, and if it is stable, we will directly place a million."
I don't care how much the other party's pass rate can reach, anyway, it must be 100% qualified to send it to our company! ”
10,000 micro servo motors are only 100,000 yuan after tax, but for other manufacturers, it is not a small amount of money.
And one million, with a contract amount of nearly 10 million yuan, that is a super order.
"Okay, then I'll call the other party's boss and place an order today, this is an opportunity for people to make a fortune." Li Xiaoyu replied respectfully, hoping that the other party would take advantage of this opportunity.
After inspecting the micro servo motor, Fang Bai inspected the prototype of the laser head of the outsourcing factory.
The laser head is manufactured by a domestic optical instrument company, and Fang Bai cooperates with two powerful optical instrument companies in China to give design drawings, as long as it can meet his requirements, he can obtain an order contract.
It costs about two dollars to import a laser head, and it is only a few dollars to produce one domestically.
If both companies are able to meet the requirements, the order volume will be allocated according to the quality situation.
After the inspection, it is a pity that there are still some short, Fang Bai wrote down the reasons for the non-compliance and improvement measures, hoping that the domestic manufacturers can help him solve his worries.
"Tell each other the results and why, they still have two months." Fang Bai explained to Li Xiaoyu that if it was still a little worse, he planned to go to other manufacturers to help solve the problem, and helping others was also helping himself.
The patent is owned by the company, and the OEM does not have the right to sell it.
"Okay." Li Xiaoyu replied, "Chairman, it is expected that at the beginning of June, our inventory will reach one million, when do we plan to go public?" ”
On the way back to China, Fang Bai also seriously thought about this issue.
The first batch of one million VCD machines is in stock, with the highest production cost and a backlog of more than 200 million.
He made a trip to the ugly country, and the cost of each decoding chip was reduced by 5.26 US dollars, which is equivalent to 30 yuan.
If the servo motor and laser head can be made in China, it can save more than ten dollars.
"Let's see when the servo motor and laser head will be produced in China, if the inventory reaches one million, it can indeed be listed, there is no need to wait until the end of the year." Fang Bai originally planned to go public at the end of the year, but now the situation has changed, as long as the time is ripe, it is possible to go public in advance.
"Okay, I understand, I'll urge the outsourcing factory." Li Xiaoyu nodded, understood the chairman's plan, and finally knew it.
has been hoarding products, his work pressure is also very high, that is more than 200 million funds, if the sales are not good, he will definitely not be the general manager for long.
If sales are hot, his position as general manager will be stable.
Fang Bai spent a day dealing with the affairs of the technology company, and on April 4, he came to the machinery company to deal with the work.
In March, the sales points of the machinery company won a total of 220 million yuan of orders, exceeding the monthly sales target of 200 million yuan.
The trial production of small 45 kilowatt diesel engines is progressing well, and Fang Bai raised some questions for further improvement by the technical department.
The mature products of the machinery company include 45 kilowatt-75 kilowatt ground pumps, and 90 kilowatt ground pumps are under development;
There are 35-meter and 40-meter pump trucks, and 45-meter pump trucks are under development;
Mixer trucks, concrete mixing plants, and small digging are all under development, of which small digging is the key development project this year.
After Fang Bai figured out the situation of the machinery company, he was generally satisfied.
On April 5, Fang Bai came to the new factory in Pudong New Area, at this time, the steel structure workshop has been built, and the design manufacturer is currently installing and debugging equipment, and it is estimated that it will not be long before it can be put into use.
After a walk around the new factory, I came to the future commercial core area of Lujiazui, and saw the Oriental Pearl Tower towering into the sky, and the construction height should be no less than 300 meters, and it is expected to be completed next year.
In the future, the land of Superbrandmall will still be desolate.
After a few years, he was busy going abroad, and now he is back.
He has 1 billion yuan at his disposal, and this money is obtained from loans from various banks in Wencheng, and a total of 2 billion yuan has been loaned after the year, of which 1 billion yuan will be used for real estate projects in Wencheng.
The 2 billion yuan loan nominally designated the development of the Wencheng project, but in fact it was misappropriated, and the bank had no way to take it.
He planned to make an appointment with the presidents of various banks in Shencheng in the next few days, find a way to borrow another billion yuan, and prepare to take the land in Lujiazui.
The longer it dragged on, the more anxious he became.
Today, Xinghai Machinery Co., Ltd. has a monthly order volume of more than 200 million yuan, a net profit of more than 100 million yuan after tax, and a foreign investment company to manage one billion US dollars.
(End of chapter)